TrivePro Requested for Cancellation of FCA License

The Financial Conduct Authority (FCA) of the United Kingdom received a request from Trive Financial Services UK Limited, which operates as TrivePro, to cancel its licence. As per FCA register, The company applied for the revocation of its licence on June 14, 2024

FCA said, This firm has applied to cancel its authorisation but must still meet our standards in dealing with its customers. In 2010 Trivepro obtained FCA licence.

The company was previously known as GKFX Financial Services, but in 2022, it was sold to Trive Investments BV of the Netherlands and renamed.

Interestingly, the decision to withdraw the FCA licence occurred after TrivePro earned an annual revenue of £10.79 million, a yearly increase of around 815 percent, and a profit of £2.49 million.

About Trivepro？

Trivepro, a UK-based company, provides futures-focused, multi-asset securities brokerage services to global investors. It's noteworthy that the firm operates under the regulation of the Financial Conduct Authority (FCA), holding license number 501320. But now its status is Applied to cancel on FCA register.

About FCA

Financial Conduct Authority (FCA) is a regulatory body in the UK. The FCA's main role is to protect consumers by regulating financial products and services, promoting competition, and ensuring that financial firms are financially stable. The FCA also has the power to investigate and take enforcement action against firms that breach its rules and regulations.

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