FCA warns that MEGAFOXTRADE is not authorised
The FCA says MEGAFOXTRADE may be providing or promoting financial services in the UK without permission and warns people to avoid dealing with the firm.
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The FCA has issued an updated notice about MEGAFOXTRADE, saying the firm is not authorised by the regulator and may be providing or promoting financial services or products in the UK without permission.
According to the FCA, MEGAFOXTRADE may be targeting people in the UK. The regulator said almost all firms and individuals must be authorised or registered to carry out or promote financial services in the country.
The FCA warned people to avoid dealing with MEGAFOXTRADE and to be aware of scams. The regulator also said its Warning List contains details of other unauthorised firms and individuals it knows about.
The notice identifies the firm as MEGAFOXTRADE under its unauthorised firm details. The FCA did not state in the notice that the firm had been found guilty of an offence.
The FCA published the notice, which readers can verify on the FCA’s own website.
_Source: notice published by FCA. BrokerBazaar reports regulators' published statements and does not add findings of its own._
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