FCA stresses that every company which offers financial services and products in the UK is required to be regulated by an authorized agency.

A plenty of strict rules from the Financial Conduct Authority (FCA), which is the official regulator of the UK, still unable to made unregulated brokers give up. Reporting from Finance Magnates [dot] com, FCA announced brokerage entities that illegally operate in the UK. This is to avoid investment scams and maintain applicable trade ethics, where brokers from outside the UK are prohibited from offering their trading services domestically.

FCA Gives Warning to Unregulated Brokers in the UK

One broker that needs to be watched according to FCA is OMC Markets, a trading service provider company from Sofia. FCA stresses that every company which offers financial services and products in the UK is required to be regulated by an authorized agency. Concluding from its website, OMC Markets offers trading services on forex instruments as well as commodity CFDs, stocks, futures, and indices.

 

FCA Being Famous of Its Strict Regulations

Since 2018, FCA has continued to limit the activity of retail brokers who do not meet regulatory standards. After the emergence of ESMA (European Regulator) regulations that limit the use of leverage and restrictions on service areas, the types of trading instruments, as well as the forms of service offerings, also closely watched.

Periodically, FCA continues to provide the latest announcements about brokers who do not meet the rules, suspected scams, and regulatory policies on their official pages. For more complete information, traders can access it here.