UK’s FCA issues warning against UK-based clone firm Capital FMI

[mlawson71]

Capital FMI is yet another clone firm that has been added to the long warning list of the Financial Conduct Authority in the UK. The firm has been recognized as an unauthorized financial services provider.

According to the official warning posted on Thursday the firm does not hold the proper license by the FCA for providing financial services to British traders and is operating outside the law.

The firm is apparently a clone of FCA-registered Advance Global Capital Ltd with a reference number 669678. More often than not scammers choose to present themselves in such a manner to mislead uninformed traders.

 

[Ayushvam]

Than How should we check the Regulated Broker , and which one is best at business?

 

[atlas-forex]

Than How should we check the Regulated Broker , and which one is best at business?

 

[xerosystem]

Thanks for the warning. Before anyone invest in these brokers its good for one to do their indepth research.

 

[isfurlan]

Thank you for sharing these news. I prefer to stick with traditional and consolidated brokers.

 

[mlawson71]

You're welcome!
And I agree, it's better to stick to well-known and properly regulated companies.