ANSWER Yes, the Financial Conduct Authority (FCA), the UK's financial regulator, has issued a warning about Financeiro Trader, labeling it as a clone firm.Our investigation has not uncovered any records that would confirm the legitimacy of this brand. Adding to the concerns, the FCA's warning indicates that Financeiro Trader is not authorized by them and has been reaching out to people under the guise of an authorized firm, hence the term "clone firm".As a result, Financeiro Trader is far from being a safe choice, putting its clients at risk of fraud and identity theft. It is recommended to avoid unlicensed forex brokers like Financeiro Trader and instead opt for fully regulated ones.
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