FCA warns against London E-Management and ETbrokers

The financial authority from UK, the FCA, has alerted the public about two unregulated brokers.

London E-Management is a Forex broker that allows its clients to trade currency pairs on Metatrader.

The broker says that it is based in London, which means the jurisdiction of the FCA. But London E-Management has no authorization from the FCA to provide investment services, it is an unregulated and illegal broker.

The same problem concerns ETbrokers. This broker is even using details of another company (ETX Capital) to make it look like that it is a genuine and regulated company.

But ETbrokers is not regulated, it has no authorization whatsoever.

For trading use regulated brokers.