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FCA's latest warning: Stay away from the 4Tradexch

2023-11-20 09:28

Summary:Recently, the Financial Conduct Authority (FCA) in the UK issued an investor warning notice stating that a company named 4Tradexchange may illegally provide financial services or products to investors without FCA authorization.

Recently, the Financial Conduct Authority (FCA) in the UK issued an investor warning notice stating that a company named 4Tradexchange may illegally provide financial services or products to investors without FCA authorization.

The FCA believes that 4Tradexchange company may engage in serious illegal activities such as fraudulent investors and illegal fundraising. And warn investors not to engage in any transactions or investments with the company. If they suffer financial losses, they will not be able to use the Financial Appeals Commissioner's services or be protected by the Financial Services Compensation Scheme (FSCS).

The FCA states that under UK law, almost all companies and individuals providing, promoting, or selling financial products or services within the UK must obtain formal authorization from the FCA. But according to the FCA investigation, 4Tradexchange company has never obtained any form of financial business license from the FCA.

Detailed information about the platform released by FCA:

Name: 4Tradexchange

Website: www.4tradexchange.org

Be cautious, some companies may provide incorrect contact information, including postal address, phone number, and email address, and may change these contact information over time. They may also provide investors with detailed information belonging to other companies or individuals.

At present, the official website of the platform is no longer accessible.

Source:Aihuicha

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