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FCA added Royal Capital Pro to its warning list

 

UK's Financial Conduct Authority added yet another forex broker to its warning list on Wednesday. According to the regulator, Royal Capital Pro has been providing financial services in the UK without their authorisation.

 

The FCA advises traders to be "especially wary of dealing with this unauthorised firm" and notes that some companies who provide financial services in the UK without their authorisation knowingly run investment scams. This might be the case with Royal Capital Pro, considering the fact that all comments on the broker review published on our website are negative.

 

Royal Capital Pro offers trading in forex and CFDs on the MetaTrtader 4 platform. According to its website, it is owned an operated by GoldTech Media Services OU, a company based in Estonia. Previously it claimed to be operated by Media Zone Solutions LP, a firm based in Glasgow, Scotland. While it does not claim any affiliation with the Financial Conduct Authority, it obviously targets UK residents without having the right to do so.

 

FCA takes its supervisory role very seriously and regularly publishes warnings against unregulatedd brokers that target UK residents. This week UK’s Financial watchdog has added several other brokers to its warning list: Plus 500 Pro, and Littinvest. It also keeps a register of authorized forex brokers, so traders can check whether a broker is licensed or not prior to opening an account with it. You can also take a look at the list of FCA-regulated brokers on our website.

 

TAGS: FCA  warning  UK  Royal Capital Pro 
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