- Aug 03, 2023 The UK FCA issues a warning against Stock Trade
On August 4, 2023, the Financial Conduct Authority (FCA) issued a warning against Stock Trade, believing this broker might be providing financial services or products without proper authorization. https://www.fca.org.uk/news/warnings/stock-trade
- Aug 06, 2023 BrokersView has reviewed that Stock Trade is an unregulated broker
Stock Trade claims to be regulated by Financial Control Regulatory Authority (FCRA.ORG.UK). However, there is no such an authority in the UK. What's more, Stock Trade claims to be regulated by the Financial Conduct Authority (FCA), which is denied by the FCA in a warning against Stock Trade.
In essence, Stock Trade is not regulated by any governing body. Entrusting this broker with investors' funds is highly risky, as there are no legal protections in place to safeguard the funds. It is unequivocally a scam.
Stock Trade claims to be regulated by Financial Control Regulatory Authority (FCRA.ORG.UK). However, there is no such an authority in the UK. What's more, Stock Trade claims to be regulated by the Financial Conduct Authority (FCA), which is denied by the FCA in a warning against Stock Trade.
In essence, Stock Trade is not regulated by any governing body. Entrusting this broker with investors' funds is highly risky, as there are no legal protections in place to safeguard the funds. It is unequivocally a scam.
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