FCA Warns That TRUSTEDFXTRADES May Be Operating Without Permission

The Financial Conduct Authority has published a warning about TRUSTEDFXTRADES, saying the firm may be providing or promoting financial services or products without the regulator’s permission. The warning, first published on 9 October, says the firm is not authorised by the FCA and may be targeting people in the UK.

The FCA’s entry identifies the website associated with the warning as trustedfxtrade.pro. It also cautions that unauthorised firms can provide incorrect contact details and may change those details over time. The regulator says consumers should avoid dealing with the firm and be alert to scams.

The warning does not make a finding about every service that may be advertised under the name. It is a regulatory alert that the named firm is not authorised by the FCA. The FCA notes that people who deal with unauthorised firms generally will not have access to the Financial Ombudsman Service and will not have Financial Services Compensation Scheme protection if the firm fails.

Why it matters

Before funding an account or responding to an unsolicited approach, traders should independently check the firm and the permissions claimed for the specific service. An FCA warning is a signal to stop and verify rather than rely on website branding, claimed registrations or contact details supplied by the firm.

What to watch next

The FCA Warning List can be updated as a firm changes its details or as the regulator receives new information. Check the FCA Firm Checker and use independently sourced contact details before dealing with a financial-services provider.