FCA Warns Golden Green FX Limited Not Authorised

The Financial Conduct Authority (FCA) Financial Conduct Authority (FCA) The Financial Conduct Authority (FCA) is the largest financial regulator for all financial markets in the United Kingdom (UK).The UK regulator is responsible for the conduct of firms authorized under the Financial Services and Markets Act 2000. Moreover, the FCA is also responsible for the regulation of behavior in retail and wholesale financial markets, supervision of the trading infrastructure that supports those markets, and the prudential regulation of firms not regulated by the PRA. Its rol The Financial Conduct Authority (FCA) is the largest financial regulator for all financial markets in the United Kingdom (UK).The UK regulator is responsible for the conduct of firms authorized under the Financial Services and Markets Act 2000. Moreover, the FCA is also responsible for the regulation of behavior in retail and wholesale financial markets, supervision of the trading infrastructure that supports those markets, and the prudential regulation of firms not regulated by the PRA. Its rol Read this Term) of the United Kingdom today warned the public that it believes a UK-based company under the name Golden Green FX Limited is offering products in the UK without the required authorisation by the UK regulator.

The FCA warned investors not to deal with unauthorised firms, and how investors should always check the financial services register to confirm a company's status or lack thereof. It published the following details: Golden Green FX Limited, 5 Admiral Way, Doxford International Business Park, Sunderland SR3 3XW, with phone numbers 0132 272 1388 and 0191 721 0199. There is also a long list of email addresses associated with both of its website domains, and a UK Companies House Registration Number of 09527474.

The company in question has a number of aliases and websites, including ggfonline.com and goldengreenforex.com, yet both sites return as currently under construction - indicating they may have been taken down after the warning, as the last snapshot cached by website crawlers showed that just last week one of the sites was still visible on the internet.

Parts of that website cache reviewed by Finance Magnates showed lucrative returns "promised to investors from promising people" which are claims that are contrary to what is permitted even by regulated fund managers that can achieve high returns. In addition, the ggfonline site posted a preposterous promotion, called the International Convention Bonanza, as well as including a family fund, an individual fund and a car fund that all offered purported bonus amounts totaling in the tens and hundreds of thousands of dollars for binary and Forex Forex Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Read this Term referrals. It's not clear if any clients had been affected in their dealings with the unauthorised firm, following the warning. The FCA has been issuing such warnings more frequently recently with the last covered by Finance Magnates less than a day ago.