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UK FCA: Trade-24 operates unauthorized, could be scam
The UK Financial Conduct Authority (FCA) issued on Wednesday a warning against forex broker Trade-24, calling it a possible fraud. The broker has been providing forex trading services in the UK without having the required authorization. In the UK, financial companies are forbidden to provide services unless they have the proper license issued by the local regulators or the relevant authorities in any other EU member state. The broker operates via the websiteand offers trading in forex, CFDs, stocks and commodities via the MetaTrader 4 platform. Its site has versions in English, Polish, Bulgarian, Arabic, French, ... (full story)