FCA warns against Blue Trading and Richmond Investing

The Financial Conduct Authority from the UK added two unregulated investment companies on its black list.

The first warning is about Blue Trading which provides managed accounts and financial trading. It is based in Japan and has offices in Switzerland, Ireland and Monaco. But it is not regulated anywhere.

The FCA said that Blue Trading is providing financial services in the UK without the necessary authorization.

The second warning is about Richmond Investing, which is a company that offers trading services and trading signals.

The FCA has found that Richmond Investing is not regulated, moreover it is unlawfully using details of an authorized firm (Richmond Investments), which it has nothing in common with.

For trading use regulated brokers only.