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UK’s FCA warns of forex broker Prime CFDs

 UK’s financial markets and services provider regulator FCA, has issued a warning against the forex broker Prime CFDs.

 

According to the notice, the broker is providing services in the UK on its site - www.primecfds.com, without the proper authorization. As we have said many times, dealing with unlicensed brokers can be quite risky and more often than not, they are a scam.

 

It seems that the case with Prime CFDs is exactly this, judging by the client reviews on our site. Customers are complaining they cannot withdraw their funds (which is often the case with scam brokers) and that they are constantly pressured by the company to deposit more funds.

 

Besides, it looks like the Prime CFDs owner – Orion Service EOOD has changed its name and location. Initially it was called Orion Solutions and was based in Romania. Now it provides an address in Bulgaria, but is not regulated by the local watchdog – the Financial Supervision Commission.

 

Furthermore, Prime CFDs has already appeared on the warning list of the Australian Securities and Investment Commission last December.

 

TAGS: prime cfds  fca  warning  uk 
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