FCA flags 26 illegal trading and investing platforms

Last week, the UK’s Financial Conduct Authority (FCA) issued a warning against 26 trading and investment platforms operating illegally in the country. The platforms, which were primarily online and trading-related forex trading platforms, included three clone companies licensed and supervised by the British watchdog.

According The FCA warning list, the clone platforms are Signaturefunding.org, GLG Partners PL and Robo-investor. These sites impersonated authorized and genuine companies: Signature Funding Solutions Limited, GLG Partners LP and Activtrdes PLC, respectively.

Other illegal platforms, which the FCA says target UK residents with financial products and services, include Tresorfx, Trezo Capital, Greenloancl.com, Caplita, Bforexpro and Trader Minds. Others include XIP Capital Groups, Prime Markets (primemarkets.com), Growfundsfx and Fundstradefx.

Additionally, FCA flagged Global Access FX, Ultimosfx, BankersGate, CT Matador, GTSEnergyMarkets FX, and FX Global Td. Limited Private Group, PixPal Pro, Dolphin Movers, Acefinancesystem Ltd, Arrow Solution (arrowsolution.co.uk/), Unity Global Bank/Unity Global Banking Group (UGB) and Setupsfxtrading have also been added to the list.

“Some companies may give incorrect contact information, including mailing addresses, phone numbers and email addresses. They may change these contact details over time,” FCA said in one of the warning pages. “They may also give you details that belong to another company or individual, so the information appears authentic.”

Last week, the UK’s Financial Conduct Authority (FCA) issued a warning against 26 trading and investment platforms operating illegally in the country. The platforms, which were primarily online and trading-related forex trading platforms, included three clone companies licensed and supervised by the British watchdog.

According The FCA warning list, the clone platforms are Signaturefunding.org, GLG Partners PL and Robo-investor. These sites impersonated authorized and genuine companies: Signature Funding Solutions Limited, GLG Partners LP and Activtrdes PLC, respectively.

Other illegal platforms, which the FCA says target UK residents with financial products and services, include Tresorfx, Trezo Capital, Greenloancl.com, Caplita, Bforexpro and Trader Minds. Others include XIP Capital Groups, Prime Markets (primemarkets.com), Growfundsfx and Fundstradefx.

Additionally, FCA flagged Global Access FX, Ultimosfx, BankersGate, CT Matador, GTSEnergyMarkets FX, and FX Global Td. Limited Private Group, PixPal Pro, Dolphin Movers, Acefinancesystem Ltd, Arrow Solution (arrowsolution.co.uk/), Unity Global Bank/Unity Global Banking Group (UGB) and Setupsfxtrading have also been added to the list.

“Some companies may give out incorrect contact information, including street addresses, phone numbers, and email addresses. They may change these contact details over time,” FCA said in one of the warning pages. They may also give you details that belong to another company or individual, so that the information appears authentic.”