LeapRate's Daily Forex Industry Newsletter
Join now to receive first access to our EXCLUSIVE reports and updates.
Screenshot of a breaking news alert e-mail from Q2 2017
Another day, another unauthorized broker the FCA deems necessary to protect the public from. The regulator believes a website calling themselves Prime Financial Management Services Limited has been providing financial services or products in the UK without authorization. They caution again to be especially wary of dealing with unauthorized firms like this and to use common sense when approached by firms without any regulation of any sort.
Almost all firms and individuals offering, promoting or selling financial services or products in the UK have to be authorized by the FCA, especially retail FX brokers.
The FCA states the following firm is not authorized by them but has been targeting people in the UK:
Prime Financial Management Services Limited
Addresses: Mourant Ozannes, 125 Old Broad Street, London EC2N 1AR
To see the official notice, click here.
Latest research from Mike Fox (see all)
- PFSOFT’s multi-asset platform now supports bond trading - November 3, 2016
- Dukascopy launches EUR/RUB currency pair for trading - November 3, 2016
- Moscow Exchange Forex volumes dip 6.1% MoM - November 2, 2016
- Blackwell Global hikes margin requirements by 2x, 3x for Presidential Election - November 2, 2016