The UK Financial Conduct Authority (FCA) has issued a warning against the FTrade a/k/a Fortrade broker scam which acts as a clone of the FCA-regulated Fortrade Group. The FTrade website (https://fortrade.broker) states that it is regulated by the Financial Services Regulation Scheme (FSRS) with the number 9488487. The FSRS claims that it is an independent financial services organization that controls its registered members. The FSRS certificate would be a guarantee of integrity for the clients of its members. This is bullshit. FSRS is a fake built by scammers for scammers!
Fake Regulators List
|Financial Services Regulation Scheme||FSRS||https://fsrsc.org/|
|International Financial Market Regulation Center||IFMRC||https://ifmrc.org/|
|Global Financial Authority||GFA||https://globalfinauthority.com/|
|Swiss Financial Securities||SFINS||https://sfins.ch/|
|Markets Financial Authority||MFA||https://www.mfa.org.uk/|
|Financial Services Monitoring Authority||FSMA||https://www.fsma.org.uk|
If you have any information about other fake regulators or scams, please let us know via our whistleblower system, Whistle42.