Trader X is not authorised or registered by the FCA. Based upon information that FCA holds, they believe that the firm is carrying on regulated activities which require authorisation.
Unauthorised firm - Trader X
Address: ABC Business Center Friedrichstrabe 79, 10117 Berlin, GERMANY
Business Center, Auckland, NEW ZEALAND
40 Princess St, Manchester, UNITED KINGDOM, M1 6DE
Brokerswatch recommends investing only with brokers that are regulated by reputable authority.
Reputable regulatory authority provides additional protection to investors by ensuring that financial firms apply proper standards and rules. Additionally, if the broker tries to cheat you out of your money, it is the regulator’s job to force the financial firm to compensate you for any wrongdoing.