FCA Warns Investors Against Transacting with 'FCA Market'

In its quest to rid the financial system of frauds, scams and clone companies, the UK market regulator this time has had to deal with a company with a name similar to its own.

The Financial Conduct Authority has flagged an entity called FCA Market, which is not registered to conduct financial services in the UK.

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This entity operates via the website fcamarket.com. It claims to be founded in St.Vincent and the Grenadines and provide trading-related solution services. The firm provides the FCA-authorised status of Fincere Capital Management Limited (Reference number: 553288) as a basis for conducting business in the UK. However, Fincere Capital Management Limited is not available online to verify this association.

The company has listed some top banks as its Liquidity Liquidity The term liquidity refers to the process, speed, and ease of which a given asset or security can be converted into cash. Notably, liquidity surmises a retention in market price, with the most liquid assets representing cash.The most liquid asset of all is cash itself.· In economics, liquidity is defined by how efficiently and quickly an asset can be converted into usable cash without materially affecting its market price. · Nothing is more liquid than cash, while other assets represent The term liquidity refers to the process, speed, and ease of which a given asset or security can be converted into cash. Notably, liquidity surmises a retention in market price, with the most liquid assets representing cash.The most liquid asset of all is cash itself.· In economics, liquidity is defined by how efficiently and quickly an asset can be converted into usable cash without materially affecting its market price. · Nothing is more liquid than cash, while other assets represent Read this Term providers, including Citi Bank, Deutsche Bank, and HSBC. The company claims to operate from England and have representatives in Bahrain, Singapore and Australia. The firm has not listed its management personnel.

Suspicious firms are forever devising new strategies to trick the system. The FCA issues a lot of warning letters to the investment community and asks them to cross-verify companies before transacting. In the event of losses with an unregistered firm, the market regulator will unable help the victims.