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SOLUCTION MARKET TRADES
Operating status: SCAM
Broker violations and abnormal records
On August 1st 2024, the Financial Conduct Authority (FCA) issued a warning against SOLUCTION MARKET TRADES, believing this company might be providing financial services or products without proper authorization in the UK. https://www.fca.org.uk/news/warnings/soluction-market-trades
On August 1st 2024, the Financial Conduct Authority (FCA) issued a warning against SOLUCTION MARKET TRADES, believing this company might be providing financial services or products without proper authorization in the UK. https://www.fca.org.uk/news/warnings/soluction-market-tradesFirstly, the website of SOLUCTION MARKET TRADES is poorly put together, a common trait of fraudulent brokers.
Secondly, the broker claims to be regulated in the UK by CH. However, CH, or Companies House, is a public register of businesses. The agency doesn't regulate and license forex brokers. The Financial Conduct Authority (FCA) is responsible for regulating the financial market in the UK. It is critical to note that FCA has flagged SOLUCTION MARKET TRADES as an unauthorized firm.
In essence, SOLUCTION MARKET TRADES is not regulated by any governing body. Entrusting it with investors' funds is highly risky, as there are no legal protections in place to safeguard the funds.
SOLUCTION MARKET TRADES appears to be a scam.
Firstly, the website of SOLUCTION MARKET TRADES is poorly put together, a common trait of fraudulent brokers.Secondly, the broker claims to be regulated in the UK by CH. However, CH, or Companies House, is a public register of businesses. The agency doesn't regulate and license forex brokers. The Financial Conduct Authority (FCA) is responsible for regulating the financial market in the UK. It is critical to note that FCA has flagged SOLUCTION MARKET TRADES as an unauthorized firm.In essence, SOLUCTION MARKET TRADES is not regulated by any governing body. Entrusting it with investors' funds is highly risky, as there are no legal protections in place to safeguard the funds.SOLUCTION MARKET TRADES appears to be a scam.
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