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The Financial Conduct Authority (FCA) issued a warning against Daily FX Indices, believing said firm is a clone of an FCA-regulated company: https://www.fca.org.uk/news/warnings/daily-fx-indices-clone-fca-authorised-firm
Daily FX Indices claims to be regulated by the Financial Conduct Authority (FCA) with license number 590299. However, the FCA has issued a warning against Daily FX Indices, saying this broker copied the details of an FCA-authorized firm to try and convince people that their firm is genuine. That means, what it claims is a false statement to unsuspecting investors.
The truth is, Daily FX Indices is not regulated by any regulators. Letting this broker hold or control investors' money is unsafe, and the money can not be protected by any laws. Therefore, it is a scam.
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