FCA issues warning re unauthorized TRD Brokers and TRD Futures Group

UK financial regulator the FCA has issued a warning regarding retail forex, CFDs and futures brokers TRD Brokers Limited at trdbrokers.net, and TRD Futures Group at trdfutures.com.

The website of TRD Futures claims that the company is indeed FCA regulated (see below), giving FCA registration number 493131. That number does exist in the FCA’s registry, but it belongs to the UK arm of Chicago-based futures brokerage R.J. O’Brien, not to TRD.

The FCA states that it believes that the TRD companies are targeting UK customers, and have been providing financial services and products in the UK without authorization. The FCA warns to be especially wary of dealing with this unauthorized firm, and to protect yourself from scammers.

TRD Brokers lists a UK address at 90 Long Acre, Covent Garden, London, WC2E 9RZ, and a UK telephone number 020 3289 9450.

The FCA also reminds investors to be aware that if you give money to an unauthorized firm, you will not be covered by the Financial Ombudsman Service or Financial Services Compensation Scheme (FSCS) if things go wrong.

From the FCA’s website:

TRD Brokers Futures unauthorized

From TRD Futures’ website:

TRD Futures regulation claim

More on the FCA’s warning can be seen here.

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