ANSWER Polar Capital Technology is an unlicensed broker we advise against trading with despite the seemingly attractive deals it offers.Polar Capital Technology claims to be the trading name of Polar Capital Technology Trust PLC registered in the UK, where brokers are required to be authorized and regulated by the Financial Conduct Authority (FCA). However, the FCA has issued a warning against this company, saying it copies details of an FCA-authorized firm to appear legitimate and thus is identified as a clone.Regarding your question, Polar Capital Technology is not only unlicensed but it also carries a warning issued by the FCA. This is a scam broker coming with significant risks such as financial losses and identity theft. To avoid such risks, investors are strongly advised against dealing with unlicensed brokers like Polar Capital Technology and to choose fully regulated ones instead.
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