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Screenshot of a breaking news alert e-mail from Q2 2017
UK financial regulator the FCA has continued its crusade of warning investors against unregulated forex and binary options brokers that target UK consumers. some of these brokers try to make it appear as if they have offices and physical presence in the UK.
The latest FCA warnings are against BancoFX and CFD1000.
BancoFX operates from website bancofx.com and on its Contact Us page shows offices at 333 Vauxhall Bridge Road in London, as well as in a number of other locations in France, Switzerland, Australia, Japan, Cyprus and Bahrain. It also shows itself to be part of FX British Registered Partners, which appears to be a made-up association in which BancoFX is the only member.
CFD1000 operates from website CFD1000.com, and shows UK offices at 88 Wood Street, London EC2V 7AJ and 2 Woodberry Grove, Finchley, London, N12 0DR.
FCA warnings can be seen here.