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On 17 Nov 2022, the United Kingdom Financial Conduct Authority (UK FCA) issued a warning that Red Finance Capital was a clone firm. The fraudster was using the details of firms UK FCA authorise to try to convince people that it works for a genuine, authorised firm. You may visit: https://www.fca.org.uk/news/warnings/red-finance-capital-clone-fca-authorised-firm
Red Finance Capital, owned and operated by the Shenanigans Consulting LTD., claims to be registered in St. Vincent and the Grenadines. We searched Saint Vincent and the Grenadines Financial Services Authority (SVG FSA) and found the company. However, SVG FSA is not a forex regulator. It does not regulate forex brokers or issue forex licenses. Having registration or not, therefore, does not mean being authorized to provide financial services.
What's more, the United Kingdom Financial Conduct Authority (UK FCA) issued a warning that Red Finance Capital was a clone firm. The fraudster was using the details of firms UK FCA authorise to try to convince people that it works for a genuine, authorised firm.
The truth is that Red Finance Capital 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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