FCA warns against Bulloption, Investing Capital, Omega FX, Finix Capital and IGS

UK’s financial regulator, the FCA, has alerted the public about the activities of more unlicensed brokers.

Bulloption

Bull OptionBull Option is a binary options broker which will allow you to trade currencies. There are six trading accounts with the minimum deposit being $500.

Bulloption says it is based in London, however it is not authorized by the FCA to provide investment services.

Investing Capital

Investing CapitalInvestingCapital is a broker that will allow you to trade Forex, stocks and bonds. There is no more detailed information about trading conditions available.

The important thing is that Investing Capital is based in Bulgaria and it has no license to provide investment services. This is why the FCA has warned against it.

Omega FX

Omega FXOmegaFX is a Forex broker that will also let you trade with stocks and commodities. The minimum deposit is 250 dollars and with some accounts you will also get personalized trading strategies.

Omega FX does not even say in which country it is based, which clearly indicates that it is not regulated. The FCA has confirmed that this broker is not regulated.

Finix Capital

Finix CapitalFinix Capital is a Forex broker which will allow you to trade with a minimum deposit of 250 dollars.

Finix Capital is based in Estonia, it is not regulated and despite this fact it is seeking clients in regulated countries like the UK. This activity has earned it a place on the blacklist of the FCA.

IGS

IGSIGS or Integrate Global Solutions offers trading with currencies, commodities and stocks. It uses the Metatrader platform.

Like all the other brokers from this review IGS is not regulated, even if it is saying the opposite on its website. The FCA has confirmed that this broker is not authorized to provide investment services.

Other unregulated services

Beside the above-mentioned broker the FCA has also placed on its blacklist the following services. Among them you will find trading signals providers for example. These services are not authorized:

  • Indigo Patrimoine
  • T.U Markets
  • Infinity FX / Luke Trades FX
  • Pro FX Signal Alerts
  • Thompson-Russo Securities
  • Orion Wealth Management
  • Argyle Group

For trading we recommend using regulated brokers only.

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