The UK’s Financial Conduct Authority (FCA) has issued a warning to XTB Trading, which allegedly cloned the well-known retail broker XTB and provided services in the UK without being authorised.
The FCA said: “This company is offering financial services or products in the UK without our authorisation and is targeting UK investors. If you deal with this company you will not be able to access the services of the Financial Ombudsman and you will not be able to Covered by the Financial Services Compensation Scheme (FSCS).”
The details of the company being used by the FCA are as follows:
Address: Level 9, One Canada Square, Canary Wharf, London, UNITED KINGDOM, E14 5AA
Website: http://xtbtradingfx.com/
The FCA also said: “Dealing with an authorised or registered financial firm can give you greater protection if something goes wrong. In this case, access to the Financial Ombudsman service and FSCS protection will depend on the investment you make, the firm The services provided and the rights the company has.”
