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Rarebull
On June 11, 2024, the Financial Conduct Authority (FCA) issued a warning against Rarebull, identifying it as an unauthorized firm in the UK. https://www.fca.org.uk/news/warnings/fxrarebullcom
On June 11, 2024, the Financial Conduct Authority (FCA) issued a warning against Rarebull, identifying it as an unauthorized firm in the UK. https://www.fca.org.uk/news/warnings/fxrarebullcomRarebull presents itself as a regulated broker, claiming to be under the supervision of the Financial Conduct Authority (FCA) and the Australian Securities and Investments Commission (ASIC). Additionally, the broker alleges that it holds a registration number, 14764071, from the Companies House (CH) to validate its legitimacy.
However, the records from the CH indicate that the company is "active to strike off", which raises suspicion. Regarding its claims of being authorized by the FCA, the FCA has issued a warning against it, refuting these claims. Similarly, there are no corresponding records in the ASIC register.
In essence, Rarebull is not regulated by any governing body. Entrusting it with investors' funds is highly risky, as there are no legal protections in place to safeguard the funds.
Rarebull appears to be a scam.
Rarebull presents itself as a regulated broker, claiming to be under the supervision of the Financial Conduct Authority (FCA) and the Australian Securities and Investments Commission (ASIC). Additionally, the broker alleges that it holds a registration number, 14764071, from the Companies House (CH) to validate its legitimacy.However, the records from the CH indicate that the company is "active to strike off", which raises suspicion. Regarding its claims of being authorized by the FCA, the FCA has issued a warning against it, refuting these claims. Similarly, there are no corresponding records in the ASIC register.In essence, Rarebull is not regulated by any governing body. Entrusting it with investors' funds is highly risky, as there are no legal protections in place to safeguard the funds.Rarebull appears to be a scam.
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