FCA warned STAY AWAY FROM incometrade and 247PROTRADING !!!!

On 03 May, 2023, One of the best financial regulators in the world, FCA issued a warning against two unauthorized brokers such as Incometrade and 247PROTRADING . FCA warned investors to not invest with these brokers. We are sharing screenshots here .You may also see the list of blacklisted brokers on the official website of Financial Conduct Authority(FCA)

Name: incometrade

Address: 5b Cuerden Way, Bamber Bridge, Preston, England, PR5 6BL

Email: admin@incometrade.ltd

Website: www.incometrade.co, www.incometrade.ltd

Name: 247PROTRADING

Address: 66 Great Suffolk Street, London, UNITED KINGDOM, SE1 0BL

Bronwydd Avenue, Cardiff, Wales, UNITED KINGDOM, CF23 5JP

1 Front St W, Toronto, CANADA, ON M5J 2X5

Email: support@247protrading.com

Website: https://247protrading.com

FCA warned investors not to invest with these brokers. However, they must be careful if they do, as these brokers lack broker licenses. Therefore, the risk may exist. They offer financial and investment services to clients without a license in the UK. A firm or broker must have FCA authorization to sell, offer, or promote any financial services in the UK. These brokers, however, do not adhere to this rule.

Investing with an unauthorized broker can be risky, as they may not have the necessary safeguards in place to protect investors. The FCA has warned that investors should only deal with authorized firms, as they are subject to strict regulations and oversight. Investors should also be wary of unsolicited investment offers, as these are often a sign of a scam.

FCA has urged investors to do their research before investing, and to check the FCA register to ensure that the firm they are dealing with is authorized. By taking these precautions, investors can protect themselves from unauthorized brokers and potential scams.

ABOUT FCA

The Financial Conduct Authority (FCA) is a regulatory body in the UK that oversees financial markets and firms to ensure their conduct is fair and transparent. Its responsibilities include regulating financial services firms, protecting consumers, promoting competition, and maintaining market integrity. The FCA also has the power to investigate and take enforcement action against firms that breach its rules. Through its work, the FCA aims to promote trust in financial markets and ensure that they work well for consumers.

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