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FCF Markets

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Operating status: SCAM

Website: https://fcfmarkets.org/

Broker violations and abnormal records
  • 2023-07-16 The Spanish CNMV issued a warning against FCF Markets

    On July 17, 2023, the Comisión Nacional del Mercado de Valores (CNMV) added FCF Markets to its warning list for providing investment services without authorization. https://www.cnmv.es/Portal/ResultadoBusqueda.aspx?tipo=1&sortExpression=Fecha&sortDirection=1&page=0

    On July 17, 2023, the Comisión Nacional del Mercado de Valores (CNMV) added FCF Markets to its warning list for providing investment services without authorization. https://www.cnmv.es/Portal/ResultadoBusqueda.aspx?tipo=1&sortExpression=Fecha&sortDirection=1&page=0
  • 2023-07-17 BrokersView has reviewed that FCF Markets is an unregulated broker

    FCF Markets fails to disclose its regulatory information, which can be interpreted as a scam indicator as legitimate brokers always prominently display their accreditation and licenses.

    FCF Markets, in an attempt to appear legitimate, provides an address in the UK. As per UK law, FCF Markets is required to seek authorization from the Financial Conduct Authority (FCA). However, we searched the FCA register and have been unable to locate a firm called FCF Markets.

    Additionally, the Comisión Nacional del Mercado de Valores (CNMV) has added FCF Markets to its warning list for providing investment services without authorization.

    In essence, FCF Markets is not regulated by any governing body. Entrusting this broker with investors' funds is highly risky, as there are no legal protections in place to safeguard the funds. It is unequivocally a scam.

    FCF Markets fails to disclose its regulatory information, which can be interpreted as a scam indicator as legitimate brokers always prominently display their accreditation and licenses.FCF Markets, in an attempt to appear legitimate, provides an address in the UK. As per UK law, FCF Markets is required to seek authorization from the Financial Conduct Authority (FCA). However, we searched the FCA register and have been unable to locate a firm called FCF Markets.Additionally, the Comisión Nacional del Mercado de Valores (CNMV) has added FCF Markets to its warning list for providing investment services without authorization.In essence, FCF Markets is not regulated by any governing body. Entrusting this broker with investors' funds is highly risky, as there are no legal protections in place to safeguard the funds. It is unequivocally a scam.

Related Complaints

Q&A

Is it illegal?

AHMED SALAMA
South Africa
2023-07-26
ANSWER Yes, FCF Markets is illegal. It is an unlicensed broker warned by the Comisión Nacional del Mercado de Valores (CNMV) for providing investment services without authorization.FCF Markets fails to disclose its regulatory information, which can be interpreted as a scam indicator as legitimate brokers always prominently display their accreditation and licenses.FCF Markets claims to have an office in the UK. If FCF Markets is engaging in forex trading and brokerage in this country, it is required to seek authorization from the Financial Conduct Authority (FCA). However, our search for this company on the FCA register didn't find matching records.Additionally, the CNMV has added FCF Markets to its warning list for providing investment services without authorization.In conclusion, FCF Markets is an unlicensed broker that comes with significant risks, such as financial losses and identity theft, as there are no rules in place to safeguard investors. Therefore, we strongly suggest investors stay away from unlicensed brokers like FCF Markets and instead choose a fully regulated one.
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