Capital Traders Joins the FCA’s Long List of Suspected Scams
- The entity doesn’t have the authorisation to be operating within the UK.
It’s a new day so that unfortunately means that there is a new suspected scam in the financial industry. This Wednesday, the Financial Conduct Authority (FCA) in the United Kingdom has put out a new warning about a suspected scam - Capital Traders.
The FCA has issued its warning against Capital Traders because it is operating within the UK without a license. However, it is performing operations that are required to be authorized by the British regulator.
This is, of course, a loud warning bell. As the FCA puts it: “Almost all firms and individuals offering, promoting or selling financial services or products in the UK have to be authorised by us. However, some firms act without our authorisation and some knowingly run investment scams.”
Therefore, it is safe to say that either Capital Traders is a) a scam, or b) not a scam, but still an entity operating in the UK illegally, which also isn’t great. So who is Capital Traders? Well, according to the FCA warning it is an Estonian-based firm, with the entity claiming its address to be: Tornimae 5 Tallinn 10145, Estonia and Harju maakond, Tallinn, Kesklinna linnaosa, Roosikrantsi tn 2-K.
Taking a look at its website, which can be located at www.capital-traders.com, the company claims to be a “world-leading financial services provider offering a range of investment products in Cryptocurrency.”
Furthermore, the British watchdog also clarifies that Capital Traders is in no way associated with Capital Traders Limited (Companies House No: 09343545), which is a legitimate and FCA-authorised financial firm.
Capital Traders joins the numerous other suspected scams
The warning from the British regulator is the latest on a long scam warning list. It follows on the heels of the FCA calling out Bitcoin Bitcoin While some may still be wondering what is Bitcoin, who created Bitcoin, or how does Bitcoin work, one thing is certain: Bitcoin has changed the world.No one can remain indifferent to this revolutionary, decentralized, digital asset nor to its blockchain technology.In fact, we’ve gone a long way ever since a Florida resident Laszlo Hanyecz made BTC’s first official commercial transaction with a real company by trading 10,000 Bitcoins for 2 pizzas at his local Papa John’s.One could now argue that While some may still be wondering what is Bitcoin, who created Bitcoin, or how does Bitcoin work, one thing is certain: Bitcoin has changed the world.No one can remain indifferent to this revolutionary, decentralized, digital asset nor to its blockchain technology.In fact, we’ve gone a long way ever since a Florida resident Laszlo Hanyecz made BTC’s first official commercial transaction with a real company by trading 10,000 Bitcoins for 2 pizzas at his local Papa John’s.One could now argue that Read this Term FX Option as a Clone Clone A clone refers to a fraudulent attempt by an entity or individual to use the details of an authorized firm in a bid to convince people that they work that firm.This refers to a relatively new tactic that has seen fraudsters using the name, ‘firm registration number’, and address of firms and individuals authorized by regulators to suggest they are genuine. Clones are seemingly primitive techniques, though newly adopted by scammers that have evolved in the information era. As regulators push for A clone refers to a fraudulent attempt by an entity or individual to use the details of an authorized firm in a bid to convince people that they work that firm.This refers to a relatively new tactic that has seen fraudsters using the name, ‘firm registration number’, and address of firms and individuals authorized by regulators to suggest they are genuine. Clones are seemingly primitive techniques, though newly adopted by scammers that have evolved in the information era. As regulators push for Read this Term firm of eToro (UK) Ltd, the British subsidiary of eToro, a social trading brokerage, as Finance Magnates reported yesterday.
It’s a new day so that unfortunately means that there is a new suspected scam in the financial industry. This Wednesday, the Financial Conduct Authority (FCA) in the United Kingdom has put out a new warning about a suspected scam - Capital Traders.
The FCA has issued its warning against Capital Traders because it is operating within the UK without a license. However, it is performing operations that are required to be authorized by the British regulator.
This is, of course, a loud warning bell. As the FCA puts it: “Almost all firms and individuals offering, promoting or selling financial services or products in the UK have to be authorised by us. However, some firms act without our authorisation and some knowingly run investment scams.”
Therefore, it is safe to say that either Capital Traders is a) a scam, or b) not a scam, but still an entity operating in the UK illegally, which also isn’t great. So who is Capital Traders? Well, according to the FCA warning it is an Estonian-based firm, with the entity claiming its address to be: Tornimae 5 Tallinn 10145, Estonia and Harju maakond, Tallinn, Kesklinna linnaosa, Roosikrantsi tn 2-K.
Taking a look at its website, which can be located at www.capital-traders.com, the company claims to be a “world-leading financial services provider offering a range of investment products in Cryptocurrency.”
Furthermore, the British watchdog also clarifies that Capital Traders is in no way associated with Capital Traders Limited (Companies House No: 09343545), which is a legitimate and FCA-authorised financial firm.
Capital Traders joins the numerous other suspected scams
The warning from the British regulator is the latest on a long scam warning list. It follows on the heels of the FCA calling out Bitcoin Bitcoin While some may still be wondering what is Bitcoin, who created Bitcoin, or how does Bitcoin work, one thing is certain: Bitcoin has changed the world.No one can remain indifferent to this revolutionary, decentralized, digital asset nor to its blockchain technology.In fact, we’ve gone a long way ever since a Florida resident Laszlo Hanyecz made BTC’s first official commercial transaction with a real company by trading 10,000 Bitcoins for 2 pizzas at his local Papa John’s.One could now argue that While some may still be wondering what is Bitcoin, who created Bitcoin, or how does Bitcoin work, one thing is certain: Bitcoin has changed the world.No one can remain indifferent to this revolutionary, decentralized, digital asset nor to its blockchain technology.In fact, we’ve gone a long way ever since a Florida resident Laszlo Hanyecz made BTC’s first official commercial transaction with a real company by trading 10,000 Bitcoins for 2 pizzas at his local Papa John’s.One could now argue that Read this Term FX Option as a Clone Clone A clone refers to a fraudulent attempt by an entity or individual to use the details of an authorized firm in a bid to convince people that they work that firm.This refers to a relatively new tactic that has seen fraudsters using the name, ‘firm registration number’, and address of firms and individuals authorized by regulators to suggest they are genuine. Clones are seemingly primitive techniques, though newly adopted by scammers that have evolved in the information era. As regulators push for A clone refers to a fraudulent attempt by an entity or individual to use the details of an authorized firm in a bid to convince people that they work that firm.This refers to a relatively new tactic that has seen fraudsters using the name, ‘firm registration number’, and address of firms and individuals authorized by regulators to suggest they are genuine. Clones are seemingly primitive techniques, though newly adopted by scammers that have evolved in the information era. As regulators push for Read this Term firm of eToro (UK) Ltd, the British subsidiary of eToro, a social trading brokerage, as Finance Magnates reported yesterday.