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Screenshot of a breaking news alert e-mail from Q2 2017
The FCA in an official press release, believes a firm calling itself LevelTrade has been providing financial services or products in the UK without authorisation. They state to be especially wary of dealing with this unauthorised firm and protect yourself from scammers. Any forex firms and individuals offering, promoting or selling financial services or products in the UK have to be authorised by the FCA. However, some firms act without authorisation and some knowingly run scams.
This firm is not authorised by the FCA but has been targeting people in the UK:
Leveltrade Ltd t/a LevelTrade
Address: Office 3, Unit R1, Penfold Trading Estate, Watford, United Kingdom, WD24 4YY and P.O. Box 1825, Cedar Hill Crest, Villa, St Vincent and the Grenadines
Telephone: +44 203 3182 448 and +7 495 2041 514
Obviously, investing money to an unauthorized firm will not be covered by any safety mechanisms, in this case by the Financial Ombudsman Service or Financial Services Compensation Scheme (FSCS) if things go wrong.