Sponsored By
de | cn | ru

Market News

UK's FCA warns against unregulated broker Littinvest

 

The UK Financial Conduct Authority (FCA) warned against forex and binary broker Littinvest. According to the regulator, it has been providing financial services in the country without being authorized.

 

Furtermore, the FCA noted that some companies who provide financial services in the UK without their authorisation knowingly run investment scams. We believe this is the case with Littinvest, considering the number of negative comments on the broker review published on our website.

 

Littinvest provides trading in forex, various CFDs and binary options, but its trading onditions are not clearly presented. It offers its services via a web-based platform which we have seen by other brokers, all of which appear quite shady.

 

Littinvest is allegedly operated by Explatinum Ltd., and according to its website, the conmpany is based in Bulgaria, although the telephone number provided is in the UK. Previously it claimed to be registered in St Andrews (close to the golf course).

 

The FCA regularly issues warnings against companies that illegally target UK residents and could possibly harm them. The UK financial watchdog is famous for its strict regulation and tight supervision. It also keeps a register of licensed forex brokers, so traders can check whether a broker is licensed or not prior to opening an account.

 

TAGS: FCA  warning  UK  Littinvest  scam 
Broker Country Regulation Platform Min Deposit Review
Cyprus, UK, Belize CySec, FCA, IFSC MT4, MT5, Web $5 Review Website
Cyprus, Australia CySec, ASIC MT4, Web,
Mobile app
$100 Review Website
UK, Cyprus, Hong Kong FCA, CySEC, SFC MT4, Web,
PrimeTrader
$100 Review Website
UK, Cyprus, Australia FCA, CySec, ASIC MT4, MT5 $5 Review Website
UK, Australia FCA, ASIC MT4, Trading
Station,
NinjaTrader
$50 Review Website
UK, Cyprus, UAE, South Africa FCA, CySEC, DFSA, FSB MT4, MT5, FxPro
Markets,
cTrader
$100 Review Website
Cyprus CySEC MT4, MT5, Web $1 Review Website
Belize IFSC MT4, MT5 $100 Review Website
Cyprus, South Africa CySec, FSCA, FSC MT4, MT5, Web $5 Review Website
UK, Singapore, Australia FCA, MAS, ASIC MT4, AT Pro,
Advantage Web
£100 Review Website
Seychelles FinaCom MT4, Web $10 Review Website

More Forex Market News

MasterCard applies restrictive rules to unlicensed forex brokers and crypto providers

Oct 15 2018 14:08:59

  Credit card provider MasterCard applies restrictive rules to unregulated forex and binary options brokers, crypto providers and ICOs, online media Finance Magnets reported on Friday. Read more

CySEC warned against unauthorized investment firm Primus Trades

Oct 12 2018 13:41:55

The Cyprus Securities and Exchange Commission (CySEC) warned the public on Thursday that Primus Trades is not authorized to provide investment services and or to perform investment activities in the country.   Primus Trades operates via website primustrades. Read more

UK’s FCA blacklists Royal CFDs and DXT Markets

Oct 11 2018 14:40:05

  The Financial Conduct Authority (FCA) has blacklisted unregulated brokers Royal CFDs and DXT Markets earlier this week. Read more

UK’s FCA flagged KontoFx, WiseBanc, and Crypto Options Trader

Oct 04 2018 12:33:10

  The Financial Conduct Authority (FCA) keeps adding more and more unregulated brokers to its warning list. Some of the recently flagged ones are forex brokers KontoFx and WiseBanc, as well as crypto binary options broker Crypto Options Trader. Read more

ESMA’s ban on binary options officially extended

Oct 02 2018 13:11:05

  The European Securities and Markets Authority (ESMA) announced on Monday that it extends the restrictions imposed on binary options for another three-month period. Read more

CFTC and SEC clamp down on crypto CFD provider 1Broker

Oct 01 2018 13:27:38

  The Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC) have both filed charges against 1Broker, a CFD provider focused on cryptocurrencies. According to both US agencies, the company operating 1Broker, 1pool Ltd. Read more

Google allows crypto adds for regulated exchanges

Sep 27 2018 16:54:27

Google reversed its total ban on all crypto adds, saying it will now allow “regulated” crypto currency exchanges to have adds in USA and Japan on the company's websites. Read more

Japanese exchange Zaif hacked, reportedly lost over $59 million

Sep 20 2018 11:58:03

  Japanese crypto exchange Zaif was hacked and lost over $59 million worth of cryptocurrencies, local media sources reported today.   According to the report, the hackers stole 5,966 Bitcoins, some Bitcoin Cash, and MonaCoin. Cryptocurrencies worth 4. Read more

CySEC withdraws CIF licenses of AnyOption and Gobaba FX

Sep 17 2018 07:27:45

  The Cyprus Securities and Exchange Commission (CySEC) announced previous week that it withdraws the Cyprus Investment Firm (CIF) licenses of the parent of AnyOption, Ouroboros Derivatives Trading Ltd., and of Gobaba FX Cy Ltd. Read more

UK's FCA warned against Prime Crypto and 4xpremium clone firm

Sep 14 2018 10:05:58

  UK’s Financial Conduct Authority (FCA) has added several investment companies to its warning list on Thursday. Among them are the forex broker 4xpremium -  a clone firm -  and unregulated crypto CFD provider PrimeCrypto. Read more

de | cn | ru