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FCA warns against unregulated brokers Delta Capital Markets and Strategy Markets

 

The UK Financial Conduct Authority (FCA) has added two more unregulated brokers to its warning list on Friday last week. These are Delta Capital Markets and Strategy Markets (or STG Markets), which have been providing financial services in the country without FCA's authorization.

 

UK’s financial watchdog added that some firms who illegally provide financial services in the country and target people in the UK knowingly run investment scams.

 

Delta Capital Markets is owned by ADT Group Ltd. - a company headquartered in the UK (Essex) that is actually registered offshore, in the Marshall Islands. The broker operates via its website /www.deltacapitalmarkets.com/, which is unavailable at the moment, so we don’t know what kind of financial services it offers.

 

The other broker, Strategy Markets /strategymarkets.co.uk/, is owned by Strategy Corp Ltd., a London-based company. It seems to be offering binary options trading in indices, stocks, currencies & commodities. On the website, these are called HFT FOR trading, Fixed Return Options (FROs) or “digital options”.

 

We remind you that previous month the European Securities and Markets Authority (ESMA) announced three-month ban on the marketing, distribution or sale of binary options to retail investors. So, you’d better not risk with any binary options broker. Unregulated ones should also be avoided, because their clients have no protection whatsoever if something goes wrong.

 

Regulation of financial services providers in the UK is one of the strictest and most popular ones on a global scale. The FCA exercises tight supervision over licensed companies. It also keeps a register of authorized forex and binary options brokers, so traders can check whether a broker is authorized or not prior to opening an account.

 

TAGS: FCA  warning  UK  Delta Capital Markets  Strategy Markets 
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