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Operating status: SCAM

On April 3, 2023, the Financial Conduct Authority (FCA) issued a warning against Brockton-Capital Fx, stating that it is a clone of an FCA-regulated firm: https://www.fca.org.uk/news/warnings/quyen-quyen-tmarkets-limited-clone-fca-authorised-firm
Brockton-Capital Fx claims to be operated by CT Markets Group under various jurisdictions, including:
1) CT Markets (SV) Ltd is registered in St. Vincent & the Grenadine as an International Business Company with the registration number 2017075069C IBC 2017;
2) CT Markets (UK) Ltd is authorised and regulated by the Financial Conduct Authority (FCA) under firm reference number 801701;
3) CT Markets (DIFC) Ltd is authorised and regulated by the Dubai Financial Services Authority (DFSA) under licence number F004885;
4) CT Markets SA (PTY) Ltd is authorized and regulated as a Financial Service Provider (FSP) from the Financial Sector Conduct Authority (FSCA) in South Africa, under the licence number 46632;
5) CT Markets (Seychelles) Ltd is incorporated under the laws of the Republic of Seychelles with registration number 8419176-1, regulated by the Seychelles Financial Services Authority (FSA) under Securities Dealer Licence number SD015.
However, when searching for this broker in the above-mentioned regulatory bodies, we found those details belong to Company HF Markets. This is a red flag. More importantly, the FCA has issued a warning against Brockton-Capital Fx for fraudulently using details of an FCA-authorized firm to deceive investors.
In essence, Brockton-Capital Fx is not regulated by any governing body. Entrusting this broker with investors' funds is highly risky, as there are no legal protections in place to safeguard the funds. It is unequivocally a scam.
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