Notorious UK scam broker gets blacklisted by the FCA as well

Notorious UK scam broker gets blacklisted by the FCA as well

On the official warning issued by the Financial Conduct Authority we further read that the British authorities suspect the brokerage of knowingly participating in investment scams. Traders are warned not to contract the services of TradeLTD. Furthermore, we urge readers to only contract the services of regulated and legitimate brokerages which abide by the many rules set out by the ESMA guidelines which include the segregation of accounts and the participation in a financial compensatory scheme. This is the second time an official European regulatory agency issues a warning against Trade LTD. Back in December the UK scammer caught the attention of the Spanish CNMV as well.

The FCA has provided traders with a consumer helpline and urges anyone that has been “cold called” or targeted in any way by representatives of GS3 Marketing Limited to reach them on 0800 111 6768. UK’s main financial regulator regularly updates its warning list and recommends traders always run a quick check on a brokerage on their online registry before investing funds with them.

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