UK's Regulator FCA Warns against Dealing with Leveltrade Ltd
The company fraudulently claims on its website that it is registered in the UK, while on the bottom part of
The UK’s Financial Conduct Authority has issued an announcement, highlighting that the regulator is of the view that LevelTrade (or Leveltrade Ltd) has been providing financial services or products in the UK without proper authorization. The company displays on its website a registration address in Watford, UK, with a company registration No. 09041988, claiming in the “About Us” section on its website that it is “an independent business branch of the World Global Inc. International Holding”.
Research conducted by Forex Magnates’ reporters has revealed that no such “Holding” exists, which is not really surprising bearing in mind the name. On the bottom part of the website of LevelTrade we can see that the operator is in fact registered in St Vincent and Grenadines under a P.O. BOX. The regulator advises the public to be vigilant when dealing with this unauthorized company.
Suggested articles
Meet BeSquare: the new tech training program for Malaysian graduatesGo to article >>
Join the iFX EXPO Asia and discover your gateway to the Asian Markets
Leave a Reply
[…] UnionPay, the bankcard association, and proprietary mobile payment and peer-to-peer services like Alipay and WeChat. When looking further iResearch found online shopping to not be the primary use of mobile […]
[…] Given the relatively low fees, many of China’s youth are doing away with conventional banking and transferring their funds to these internet based services. Alibaba for example recently waived all fees on the mobile version of its Alipay payment service while hiking up the fees for its desktop based counterpart. […]