FCA warns against U Trade FX (Clone of FCA authorised firm)
U Trade FX is not authorised or registered by the FCA but has been targeting people in the UK, claiming to be an authorised firm. Almost all firms and individuals carrying out financial services activities in the UK have to be authorised or registered by the FCA.
Clone firm details
Telephone: +441223926348
Email: info@utradefx.net
Website: https://web.utradefx.net/, www.utradefx.net
FCA authorised firm details
Firm Name: Trade Facts Ltd
Firm Reference Number: 401179
Address: Devon House, 58 St. Katharine’s Way London E1W 1JP
Telephone: +442075508515
Email: trurocompliance@gaincapital.com
How To Protect Yourself From Scams
Brokerswatch recommends investing only with brokers that are regulated by reputable authority.
Reputable regulatory authority provides additional protection to investors by ensuring that financial firms apply proper standards and rules. Additionally, if the broker tries to cheat you out of your money, it is the regulator’s job to force the financial firm to compensate you for any wrongdoing.
