Britain’s financial markets regulator the Financial Conduct Authority (FCA) has today issued a warning with regard to an unlicensed retail FX brokerage which operates under the name of KSFTrade.
As with many unlicensed firms, KSFTrade is a brand and trading name of a different company, in this case Marshall Advanced Innovation Ltd, which, according to the FCA has been providing financial services and financial products online in the UK without authorization from the regulatory authority.
The company’s website, www.ksftrade.com lists 20-22 Wenlock Road, London, N1 7GU as the registered address of the firm.
This is the same address as London Presence, a company which offers virtual office services which include mail forwarding, telephone answering and fax forwarding services, therefore indicating that KSFTrade has no actual presence whatsoever in the UK.
The FCA strongly advises that investors under its jurisdiction only deal with financial firms that are authorised, and that potential clients should check the Financial Services Register to ensure that the company they wish to trade with is listed.
To view the official warning from the FCA, click here.