The Financial Conduct Authority (FCA) has added one more entity to its lengthy warning record this Wednesday, by flagging Gold FX Trading, in any other case known as GFT, as a clone agency that has fraudulently copied the main points of a reputable agency.
According to the warning from the British regulator, by way of its web site https://internet.goldfxtrading.com/, Gold FX Trading shows Firm Reference Number (FRN): 438879. This quantity seems on its web site to “show” to clients that it’s reputable.
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However, because the regulator outlines within the warning: “This is the authorisation variety of GFT Global Markets UK Limited who’s now not authorised by the FCA. GFT Global Markets UK Limited’s web site on the FCA register is www.gftuk.com.”
“This presently redirects to https://www.foreign exchange.com/en-uk/ which is a buying and selling title of Gain Capital UK Limited who’s authorised by the FCA.”
Taking a have a look at its web site, Gold FX Trading states that it: “provides its clients on-line buying and selling of currencies, commodities and of main shares by way of CFDs (Contract for Difference) in a complicated buying and selling platform referred to as MetaTrader.”
“The MetaTrader platform was developed to supply rookies with a person pleasant buying and selling atmosphere, however strong sufficient to reply the calls for of extra skilled merchants.”
Because Gold FX Trading is falsely stating it’s regulated by the FCA and has additionally fraudulently copied the license particulars of Gain Capital UK, it’s a good suggestion to offer Gold FX Trading a large berth in your personal security.
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As outlined by the British watchdog this Wednesday: “…fraudsters often use this tactic when contacting folks out of the blue, so you need to be particularly cautious if in case you have been chilly referred to as. They might use the title of the real agency, the ‘agency reference quantity’ (FRN) we now have given the authorised agency or different particulars.”