Warnings against First BTC FX, Capital Trade Fair, Midpoint Exchange and Binomo

Financial authorities from the UK and Cyprus have published warnings against four unregulated brokers.

UK’s Financial Conduct Authority has warned the public that First BTC FX, Capital Trade Fair and Midpoint Exchange have no valid licenses that would entitle them to provide investment or other financial services. These brokers are not regulated.

The same problem concerns Binomo, a broker that has been placed on the blacklist of the CySEC, which is the financial regulator of Cyprus. Binomo is not regulated either.

Brokers from the warnings of the FCA and CySEC:

  • First BTC FX
  • Capital Trade Fair
  • Midpoint Exchange
  • Binomo

For trading use regulated brokers only.

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CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 76-81% of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

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