Image credit: Third Sector The Financial Conduct Authority (FCA) inwards the Britain has issued a
warning against London-based SLStrade.com, an unlicensed Forex broker:
“This theatre is non authorised past times us together with is targeting people inwards the UK. Based upon data nosotros hold, nosotros believe it is carrying on regulated activities which remove authorisation.”
The FCA has advised investors to banking concern jibe the legal condition of each fiscal theatre alongside the
Financial Services Register. Firms that are non on this listing or the
Interim Permission Register should last avoided together with reported immediately.
FCA’s alert against SLS trading comes on the heels of multiple complaints lodged against the theatre on
ForexPeaceArmy, a forum for FX traders. One user alleges that a broker at SLStrade past times the advert Michael Dobson - who was using a photograph of Carlos Slim Domit every minute his profile photograph on Skype - defrauded him of $2000 on a supposed unsmooth fossil oil trade.
Another defrauded investors claims he lost $8500 alongside SLStrader due to a supposed glitch on the NASDAQ exchange.
There convey been allegations from disgruntled investors that SLStrade.com, ForexBLVD.com, Icetrader.com together with Fx-inter.com are i company, or at to the lowest degree related, exactly this link has non been confirmed yet.
It's worth noting that
FX broker Icetrader.com, a subsidiary of CIF Glistentree Holdings, lost its license inwards Republic of Cyprus of late together with possessor Danny Rothman (Daniel Rubinstein) was fined €100,000 for submitting forged documents to the CySEC.