The UK’s Financial Conduct Authority (FCA) has issued a warning against STP Markets, an unauthorized provider of foreign exchanges (FX) services, per its latest regulatory filing.
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STP Markets is not authorized by the FCA and has been targeting individuals in the United Kingdom. The group’s website http://www.stpmarkets.com maintains no current ties to any FCA-registered firm, nor does the group possess any existing authorization with any jurisdiction, especially in the UK.
In addition, STP Markets does not appear on the UK’s Financial Services Register and should be avoided by potential market participants. Such operations are predatory in nature and investors are at risk when dealing with such unauthorized entities.
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The following channels of communication are also associated with STP Markets, all corresponding to the unauthorized group, and should be avoided:
Address: 2nd Floor, 1 Broadgate Circle, London, EC2M 2QS
Telephone: 020 3409 0780
Email: email@example.com, firstname.lastname@example.org