The UK financial regulatory body has issued a couple of warnings against unauthorized firms providing broking services without authorization, with Tradeignition imposting as LCG when soliciting clients.
The U.K. financial regulator has been busy warning the public about the services of a duo of companies which are not regulated and do not have the permission to collect clients from the E.U. In addition, the Financial Conduct Authority (FCA) has warned the public against dealing with a clone company named Tradignition, which provides binary options services.
The entity behind the latter firm claims to be in partnership with FCA regulated publicly- traded broker, London Capital Group Holdings. Sales representatives of Tradignition have been telling clients that the company was in a partnership with the FCA licensed firm, LCG Capital.
Prospective customers of the firm were being informed that it was a regulated entity with Regulation information of London Capital Gorup Holdings being sent out to the clients for reassurance.
This fraudulent practice is commonly known as a “clone firm”. The unregulated entity under the name SkyOPtions, which is behind Tradignition, claims to be located in London, however, when contacted by Forex Magnates' reporters on the support phone on the website, the person representing the company shared in very poor English that the firm was not located in the U.K.
The representative denied to comment on the FCA warning against the firm.
In separate announcements, a couple of brokerages have been highlighted by the FCA as potential risks for clients from the U.K. Both GMT Markets and BlackBird Clear Limited have not been regulated by the FCA.
The U.K. watchdog has expressed its concerns that GMT Markets is actively soliciting clients from the region without being regulated in any E.U. country. The brokerage does not claim to be a regulated entity on its website.
In contrast, BlackBird Clear Limited has been claiming on its website that it is regulated by the Financial Services Authority (FSA), which is the former name of the U.K. financial regulatory agency. The duties of the FSA have been split between the Bank of England and the FCA since 2013.
The U.K. financial regulator has been busy warning the public about the services of a duo of companies which are not regulated and do not have the permission to collect clients from the E.U. In addition, the Financial Conduct Authority (FCA) has warned the public against dealing with a clone company named Tradignition, which provides binary options services.
The entity behind the latter firm claims to be in partnership with FCA regulated publicly- traded broker, London Capital Group Holdings. Sales representatives of Tradignition have been telling clients that the company was in a partnership with the FCA licensed firm, LCG Capital.
Prospective customers of the firm were being informed that it was a regulated entity with Regulation information of London Capital Gorup Holdings being sent out to the clients for reassurance.
This fraudulent practice is commonly known as a “clone firm”. The unregulated entity under the name SkyOPtions, which is behind Tradignition, claims to be located in London, however, when contacted by Forex Magnates' reporters on the support phone on the website, the person representing the company shared in very poor English that the firm was not located in the U.K.
The representative denied to comment on the FCA warning against the firm.
In separate announcements, a couple of brokerages have been highlighted by the FCA as potential risks for clients from the U.K. Both GMT Markets and BlackBird Clear Limited have not been regulated by the FCA.
The U.K. watchdog has expressed its concerns that GMT Markets is actively soliciting clients from the region without being regulated in any E.U. country. The brokerage does not claim to be a regulated entity on its website.
In contrast, BlackBird Clear Limited has been claiming on its website that it is regulated by the Financial Services Authority (FSA), which is the former name of the U.K. financial regulatory agency. The duties of the FSA have been split between the Bank of England and the FCA since 2013.
Capital One Faces Potential Enforcement Action over Savings Account Disclosures: Report
FMLS:24 | Shaping the Next Era of Financial Evolution
FMLS:24 | Shaping the Next Era of Financial Evolution
Welcome to FMLS:24 – the premier event where influential brands and leaders in trading, payments, fintech, and digital assets come together!
Join over 2,500 industry professionals, engage with 150+ expert speakers, and discover endless opportunities with 70+ top exhibitors. FMLS:24 is where senior executives and decision-makers gather to close deals, forge new partnerships, and strengthen connections with long-term clients.
Whether you’re in finance, technology, or payments, this summit is your gateway to future growth, meaningful collaborations, and industry-leading insights.
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Welcome to FMLS:24 – the premier event where influential brands and leaders in trading, payments, fintech, and digital assets come together!
Join over 2,500 industry professionals, engage with 150+ expert speakers, and discover endless opportunities with 70+ top exhibitors. FMLS:24 is where senior executives and decision-makers gather to close deals, forge new partnerships, and strengthen connections with long-term clients.
Whether you’re in finance, technology, or payments, this summit is your gateway to future growth, meaningful collaborations, and industry-leading insights.
👉 Don't miss out – secure your ticket now at https://events.financemagnates.com/ZQEYy0?utm_source=youtube&utm_campaign=fmls24-awareness&utm_medium=video&RefId=MLS%3A24+Video+Promo
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FMLS:24 | Shaping the Next Era of Financial Evolution
FMLS:24 | Shaping the Next Era of Financial Evolution
Welcome to FMLS:24 – the premier event where influential brands and leaders in trading, payments, fintech, and digital assets come together!
Join over 2,500 industry professionals, engage with 150+ expert speakers, and discover endless opportunities with 70+ top exhibitors. FMLS:24 is where senior executives and decision-makers gather to close deals, forge new partnerships, and strengthen connections with long-term clients.
Whether you’re in finance, technology, or payments, this summit is your gateway to future growth, meaningful collaborations, and industry-leading insights.
👉 Don't miss out – secure your ticket now at https://events.financemagnates.com/ZQEYy0?utm_source=youtube&utm_campaign=fmls24-awareness&utm_medium=video&RefId=MLS%3A24+Video+Promo
#fmls #fmls24 #fmevents #financemagnates #forex #payments #crypto #events #london #fintech #ai #generativeai #technology #onlinetrading #forex #investing #investors #tech
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Welcome to FMLS:24 – the premier event where influential brands and leaders in trading, payments, fintech, and digital assets come together!
Join over 2,500 industry professionals, engage with 150+ expert speakers, and discover endless opportunities with 70+ top exhibitors. FMLS:24 is where senior executives and decision-makers gather to close deals, forge new partnerships, and strengthen connections with long-term clients.
Whether you’re in finance, technology, or payments, this summit is your gateway to future growth, meaningful collaborations, and industry-leading insights.
👉 Don't miss out – secure your ticket now at https://events.financemagnates.com/ZQEYy0?utm_source=youtube&utm_campaign=fmls24-awareness&utm_medium=video&RefId=MLS%3A24+Video+Promo
#fmls #fmls24 #fmevents #financemagnates #forex #payments #crypto #events #london #fintech #ai #generativeai #technology #onlinetrading #forex #investing #investors #tech
📣 Stay updated with the latest in finance and trading!
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FM's Andrea Badiola Mateos at LSEG's Cyprus event
FM's Andrea Badiola Mateos at LSEG's Cyprus event
FM's Andrea Badiola Mateos at speaking in a panel discussion at LSEG's Cyprus event
FM's Andrea Badiola Mateos at speaking in a panel discussion at LSEG's Cyprus event
The Role of PAMM, MAM & Copy Trading in Business Growth Strategies | Webinar
The Role of PAMM, MAM & Copy Trading in Business Growth Strategies | Webinar
The copy trading market is projected to double in size, growing from $2.2 billion to $4 billion by the end of this decade. In light of this, brokers and financial institutions are increasingly adopting PAMM, MAM, and Copy Trading solutions to scale operations and drive profitability. In this insightful webinar, Sergey Ryzhavin, Product Owner at B2COPY, outlines the advanced features of the B2COPY platform, showcasing how it enhances Copy Trading, PAMM, and MAM performance. Sergey also explores strategies for using these tools to attract new clients, improve customer engagement, and create additional revenue streams.
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The copy trading market is projected to double in size, growing from $2.2 billion to $4 billion by the end of this decade. In light of this, brokers and financial institutions are increasingly adopting PAMM, MAM, and Copy Trading solutions to scale operations and drive profitability. In this insightful webinar, Sergey Ryzhavin, Product Owner at B2COPY, outlines the advanced features of the B2COPY platform, showcasing how it enhances Copy Trading, PAMM, and MAM performance. Sergey also explores strategies for using these tools to attract new clients, improve customer engagement, and create additional revenue streams.
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Join us at FMLS:24 to connect with global institutional brokers. Secure your spot today! #fmls24
Join us at FMLS:24 to connect with global institutional brokers. Secure your spot today! #fmls24