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What are the accepted payment method if I resided in Bulgaria?
AliyuArma
Bulgaria
2022-04-20
ANSWER FCS Markets is not legitimate and should be avoided at all events. As a UK-based forex company, FCS Markets claims to be regulated by the Financial Conduct Authority (FCA) under the name - FCS Capital Markets Limited and license number 772626. When searching on FCA'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 added FCS Markets (or FC Markets Limited) into its alert list to warn the public that this broker is a clone firm of the licensed company.What's more, we found the company was newly created in January 2022, just a few months ago.These proofs make it clear: FCS Markets is not a regulated broker. That means investors' funds in the broker are unsafe and cannot be protected by any laws. Therefore, it is a scam.We would recommend traders stay away from unregulated brokers like FCS Markets and trade with licensed brokers.
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