FCA warns against U Trade FX (Clone of FCA authorised firm)

U Trade FX  is not authorised or registered by the FCA but has been targeting people in the UK, claiming to be an authorised firm. Almost all firms and individuals carrying out financial services activities in the UK have to be authorised or registered by the FCA.

Clone firm details

Telephone: +441223926348

Email: [email protected]

Website: https://web.utradefx.net/, www.utradefx.net

FCA authorised firm details

Firm Name: Trade Facts Ltd

Firm Reference Number: 401179

Address: Devon House, 58 St. Katharine’s Way London E1W 1JP

Telephone: +442075508515

Email: [email protected]

How To Protect Yourself From Scams 

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.