Watch out for Unauthorized or Clone Brokers

The Financial Regulatory Authority (FCA) continues to issue warnings on investment risks to investors and warns investors not to trade with these unauthorized or clone brokers. A few days ago, the FCA warned a fake trader named "Fortune Trade FX" that its company profile and regulatory information completely cloned the well-known foreign exchange documentary trading brand Darwinex.

Source: FCA

The FCA warned that investors are advised to review the company's compliance before investing in the company. According to regulations, retail foreign exchange or binary options brokers need to register with the FCA, and after registration, the regulatory agency performs a series of necessary checks, including whether the company meets the minimum financial standards and disclosure systems, related reports and backup of transaction records, etc. to strengthen the security of brokers.

In the past two years, Darwinex has emerged in the field of copy trading, and has developed very rapidly. Darwinex's rapid development and its excellent trading performance show that forex copy trading is profitable.

Darwinex, founded in 2012, is a fast-growing online broker and a fintech company. Darwinex is headquartered in London and has offices in Madrid.

In addition, FCA had also blacklisted unauthorized dealers including TrustFX, Macrod FX, FX Trade Profit Ltd / FX Trade Profit, FTEFX, FteFXPro / FTE FX, GCG 24 / Global Consulting Group, Titan Global Finance etc. .

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