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UK’s FCA blacklisted unregulated broker Hope Area

Apr 09 2019
By
Jonathan Smith

 

UK’s financial markets and services regulator, the Financial Conduct Authority (FCA), blacklisted unregulated forex and binary options broker Hope Area on Monday.

 

This firm is not authorised by us and is targeting people in the UK. Based upon information we hold, we believe it is carrying on regulated activities which require authorization,” stated the British financial watchdog in its official notice.

 

Hope Area is a financial services provider registered offshore and is not authorized to operate on any regulated financial market, including in the UK. Besides, its trading offer is utterly unclear, and the broker shows every possible sign of scam.

 

UK’s FCA also regularly updates its warning list and recommends traders always run a quick check on a brokerage on their online registry before investing funds with them. You may also check out our list of brokers authorized to operate in the UK.

 

The British financial regulator has also provided traders with a consumer helpline and urges anyone that has been “cold called” or targeted in any way by representatives of Hope Area or any other broker that does not appear on the Register but claims it does, to reach them on 0800 111 6768.

 

TAGS: FCA  Hope Area  warning  scam  UK 
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