The Financial Conduct Authority (FCA) has issued an official warning against the activities of TRD Brokers/TRD Futures Group. According to the update published today by the watchdog, the entity is registered in London, but is not authorised to provide any kind of financial services.
Targeting Clients Without Authorisation
The firm under the spotlight this time operates online via the websites www.trdbrokers.net and www.trdfutures.com/en and claims to be a global investment company specialising in trading and investment in international financial markets. The broker’s website contains a list of services available to clients including CFDs, stocks and other derivatives including futures.
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Almost all firms and individuals offering, promoting or selling financial services or products in the UK have to be authorised by the FCA. In this instance, TRD Brokers/TRD Futures Group has been targeting people in the UK without authorisation.
Potential Investors Cautioned
It is the FCA’s role to regulate financial firms providing services to consumers by maintaining the integrity of the UK’s financial market. The watchdog issues updates when it is alerted to companies that are not permitted to solicit investors. For example, Finance Magnates recently reported on the actions of UK-based Explore Markets which received a warning for a similar offence in April.
TRD Brokers/TRD Futures Group is the latest addition to the FCA’s warning list and investors have been cautioned against dealing with this firm.