FCA Flags 26 Illegal Trading and Investment Platforms

The UK Financial Conduct
Authority (FCA) last week issued warning against 26 trading and investment platforms operating in
the country illegally. The platforms, which were majorly online forex trading and trading-related platforms, included three clones of firms authorized
and supervised by the British
watchdog.

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

The other illegal platforms,
which FCA said are targeting 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.

In addition, 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, were
also added to the list.

“Some firms may give incorrect
contact details including postal addresses, telephone 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
business or individual, so the information looks genuine.”

The UK Financial Conduct
Authority (FCA) last week issued warning against 26 trading and investment platforms operating in
the country illegally. The platforms, which were majorly online forex trading and trading-related platforms, included three clones of firms authorized
and supervised by the British
watchdog.

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

The other illegal platforms,
which FCA said are targeting 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.

In addition, 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, were
also added to the list.

“Some firms may give incorrect
contact details including postal addresses, telephone 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
business or individual, so the information looks genuine.”