FCA WARNING AGAINST CRYPTO-BROKER ‘SAFEMARKETS’

SafeMarkets is an unlicensed Forex & Cypto Currency trading broker: Until recently, their website listed a company called AlmaMarkets LTD, with an address at: 47 Churchfield Road London W3 6AY United Kingdom, as operator of the website. Currently, an Estonian company Optiumcommerce OU, Harju maakond, Tallinn, Kesklinna Linnaosa, Narva mnt 5, 10117, with a registration number 14421704, is listed as operator.

A Scam Broker review of SafeMarkets finds that they are offering the new Tradologic CFD trading software for Forex and Crypto Currency Trading. The website’s social media links do not work and are “hashtagged”.

The UK Financial Conduct Authority (FCA) warned against Safemarkets already a few weeks ago. According to the regulator, the two forex brokerages have been providing financial services in the country without being authorized. The FCA noted that some firms who provide financial services in the UK without their authorisation knowingly run investment scams.