FCA warns against XTB GROUP (Clone of FCA authorised firm)

XTB GROUP (Clone of FCA authorised firm) 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.

Details

Website: https://www.xtb-groups.io/

Email: [email protected]

FCA authorised firm details

Firm Name: XTB Limited

Firm Reference Number: 522157

Address: Level 9, One Canada Square, Canary Wharf, London, E14 5AA, UNITED KINGDOM

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.