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
For trading use regulated brokers only.