FCA issues warning regarding unregulated Forex broker CMS Trader

UK financial regulator the FCA has issued a warning regarding unregulated Retail Forex CMS Trader.

The FCA states that CMS Trader, which operates from website cmstrader.com, is not authorised by the FCA but has been targeting people in the UK. The FCA believes that this firm has been providing financial services or products in the UK without its authorisation.

The FCA warning against CMS Trader follows a similar warning issued in February by the Ontario Securities Commission (OSC) in Canada.

A the time of the OSC warning, CMS Trader was showing on its website that it had offices in London, Hong Kong, Paris, Limassol, and Manama (Bahrain). Today on its website, CMS is showing on its Contact Us page that it now has locations in Dominica, Paris, New Zealand and Manama. We have doubts that any of these offices are actually real.

The full FCA warning against CMS trader can be seen here.

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