External Coins
On June 3, 2024, the Financial Conduct Authority (FCA) issued a warning against External Coins, identifying it as a clone of an FCA-authorized firm. https://www.fca.org.uk/news/warnings/external-coins-externalcoinscom-clone-fca-authorised-appointed-representative
External Coins claims to be a company located in the UK. However, our search for it in the register of the Financial Conduct Authority (FCA), the UK's financial watchdog, suggests that External Coins is a clone of an FCA-authorized firm. This means it is misusing information of the licensee to create the false impression of legitimacy or potential association with the legitimate one. This is deceptive.
In essence, External Coins 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.
External Coins appears to be a scam.
External Coins claims to be a company located in the UK. However, our search for it in the register of the Financial Conduct Authority (FCA), the UK's financial watchdog, suggests that External Coins is a clone of an FCA-authorized firm. This means it is misusing information of the licensee to create the false impression of legitimacy or potential association with the legitimate one. This is deceptive.In essence, External Coins 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.External Coins appears to be a scam.BrokersView found that the domain "https://www.externalcoins.com/" is currently inaccessible. This is widely regarded as a significant red flag, as the suspension of a broker's website often points to underlying regulatory or operational issues.
BrokersView found that the domain "https://www.externalcoins.com/" is currently inaccessible. This is widely regarded as a significant red flag, as the suspension of a broker's website often points to underlying regulatory or operational issues.
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