Simplified Fx
On Feb 7, 2025, the Financial Conduct Authority (FCA) issued a warning against Simplified Fx, believing this company might be providing financial services or products without proper authorization in the UK. https://www.fca.org.uk/news/warnings/simplified-fx
On Feb 7, 2025, the Financial Conduct Authority (FCA) issued a warning against Simplified Fx, believing this company might be providing financial services or products without proper authorization in the UK. https://www.fca.org.uk/news/warnings/simplified-fxIt claims to be regulated by Companies House (CH) in the UK, and its office address is located in the United States. CH does not have the right to regulate foreign exchange. To exercise foreign trade in the UK, it is necessary to obtain permission from the FCA. Following an inquiry, we discovered that the Financial Conduct Authority (FCA) had issued a warning against Simplified FX, as the company may be providing financial services or products without proper authorization in the UK. In addition, according to its office address, we did not find matching information in the National Futures Association (NFA), so investors are advised to distinguish and stay away from it.
In essence, Simplified Fx 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. Simplified Fx appears to be a scam.
It claims to be regulated by Companies House (CH) in the UK, and its office address is located in the United States. CH does not have the right to regulate foreign exchange. To exercise foreign trade in the UK, it is necessary to obtain permission from the FCA. Following an inquiry, we discovered that the Financial Conduct Authority (FCA) had issued a warning against Simplified FX, as the company may be providing financial services or products without proper authorization in the UK. In addition, according to its office address, we did not find matching information in the National Futures Association (NFA), so investors are advised to distinguish and stay away from it. In essence, Simplified Fx 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. Simplified Fx appears to be a scam.
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