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MySteel UK

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Operating status: SCAM

Website: https://www.mysteelukltd.com/

Broker violations and abnormal records
  • 2023-08-02 The UK FCA issues a warning against MySteel UK

    On August 3, 2023, the Financial Conduct Authority (FCA) issued a warning against MySteel UK, believing this broker might be providing financial services or products without proper authorization. https://www.fca.org.uk/news/warnings/mysteel-uk

    On August 3, 2023, the Financial Conduct Authority (FCA) issued a warning against MySteel UK, believing this broker might be providing financial services or products without proper authorization. https://www.fca.org.uk/news/warnings/mysteel-uk
  • 2023-08-03 BrokersView has reviewed that MySteel UK is an unregulated broker

    MySteel UK provides an address in the UK to appear legitimate. However, the Financial Conduct Authority (FCA) has added it to its warning list as an unauthorized firm.

    In essence, MySteel UK 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.

    MySteel UK provides an address in the UK to appear legitimate. However, the Financial Conduct Authority (FCA) has added it to its warning list as an unauthorized firm.In essence, MySteel UK 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

Any bonuses in MySteel UK?

Mohammad Burhan
United Kingdom
2023-08-31
ANSWER MySteel UK is an unregulated broker and thus not safe for investors.When a platform is a scam, bonuses it offers are the bait to hook unsuspecting investors. Once you fall prey to it, you are going to lose a load of money and your personal information will be exploited by fraudsters.MySteel UK has a significant scam feature: it lacks regulatory information and licensing data. While it provides an address in the UK to appear legitimate, there are no indications that it is registered with the Financial Conduct Authority (FCA). And the FCA has issued a warning against MySteel UK, further proving that it is an unauthorized firm.Therefore, BrokersView has concluded that MySteel UK is a scam. Investors dealing with the platform are exposed to financial losses and identity theft, which could be financially and personally devastating. To protect yourselves from fraud and theft, it is advisable to steer clear of unregulated brokers like MySteel UK and instead choose a fully regulated one.
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