Warning Alert! The FCA Marks FCS Markets As a Clone Broker

Clone forex brokers trap unwary or inexperienced traders by giving details of legitimate and regulated companies. However, when you start to trade with them, you'll find you are cheated. Recently, BrokersView learned that FCS Markets has been one of the scam brokers.

A clone firm, claims to be regulated by the FCA

As a UK-based forex company, FCS Markets claims to be regulated by the FCA under the name - FCS Capital Markets Limited and license number 772626. 

When searching on the financial authority's register, we did find an FCA-supervised firm with that name and that license number– but with a completely different website, phone number and email. In addition, we also found out that the FCA has recently marked FCS Markets(or FC Markets Limited) as a clone firm of the licensed company.

A new company, established a few months ago

What's more, we found the company was created in January 2022, just a few months ago.

Bad reviews

If you search more information about FCS Markets, you will see bad reviews from investors, who posted their scammed story in the company.

These proofs make it clear: FCS Markets is not a regulated broker. That means investors' funds in the broker is unsafe and cannot be protected by any laws. Therefore, it is a scam.

If you find yourself scammed, you can contact us at service@brokersview.com.