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FCA Warns: Beware of the Unlicensed Offshore FX Broker Gainmetafx
Abstract：The fraudulent broker was also warned by the FCA, one of the most reputable regulatory watchdogs for regulating forex brokers.
Wins Awards Before its Establishment
Gainmetafx showed it won “Forex Brokers Awards 2020” as the best cryptocurrency online investing broker. However, domain check results showed it was newly created in 2021. How it can win awards in 2020 before its foundation？ Thus, there is the highest possible level of caution for you when dealing with Trustpac.
An Offshore Broker Without Any License
Gainmetafx is registered in St. Vincent and the Grenadines(SVG), an offshore jurisdiction whose regulator is Financial Services Authority (FSA). However, there was no matching results with Gainmetafx on SVG FSA.
UK FCA Adds Gainmetafx to Warning List
Although Gainmetafx is registered in SVG, the first thing you will see when you open Gainmetafx's website is its certificate of incorporation in the Companies House of the United Kingdom (CH), the UK's registrar of companies. However, the CH doesn't regulate any forex activities, the real regulator in the UK that supervises currency activities is the Financial Conduct Authority (FCA). When we searched on the FCA registry, we found no registration results but a warning against Gainmetafx.
Disclaimer:
The views in this article only represent the author's personal views, and do not constitute investment advice on this platform. This platform does not guarantee the accuracy, completeness and timeliness of the information in the article, and will not be liable for any loss caused by the use of or reliance on the information in the article.
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