The Financial Conduct Authority from Britain has warned the public against two unregulated investment websites.
MWM Markets is run by Options Tech Limited and is allegedly based in London. The broker offers trading with various assets, including cryptocurrencies, and it also has several investment plans with returns up to 5% per week.
Because of the nature of its business, MWM Markets needs a licence from the FCA, but it hasn’t got one, therefore the regulator put this broker on its black list.
FCA has also warned against Automatix, which is not regulated either. The website of this broker is down, so we don’t have any more information about it.
We recommend trading with regulated brokers only.