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Forex scam or reliable regulated Forex broker? FCA Warns scam or reliable regulated Forex broker? FCA Warns

Is scam or reliable regulated Forex broker? The UK financial regulator FCA blacklisted today the Forex broker. Why did the FCA make this decision?

23 March, AtoZForex  All firms and brokers need to get authorization from the UK Financial Conduct Authority (FCA) in order to provide financial services and products in the UK. Failing to do so can lead them to fall under the blacklist and ultimately receive a warning for the same.

Accordingly, the UK watchdog has added a Forex broker to its warning list. As per the regulator statement, does not have the FCA authorization to offer, promote, or sell financial services or products.

Is scam or reliable regulated Forex broker?

Despite, the Forex broker is lacking the mandatory FCA license to do so. The UK watchdog has noticed that has been offering trading services in Forex and CFDs in the UK. Hence, the FCA issues a warning against Forex broker

The Forex broker is a brand name of Badale Invest Limited. The company mentions its address as Suite 110, 12 South Bridge, Edinburgh EH1 1DD Scotland, UK. They provide an online trading platform via The website of claims that the broker holds over the Vanuatu Financial Services Commission (VFSC) license. All in all, the FCA advises UK investors against committing funds with this broker. Hence, the FCA has shared the other contact information of, in order to warn the public against

Tel: +44 208 068 0001; +44 203 6701520; +44 208068002; and +44 2036701521


Previous warning against

The UK watchdog is not the first to blacklist the Forex broker. Last year in December, the Cyprus financial regulator CySEC listed as an unauthorized Forex domain. The Forex broker posses over a VFSC license, but this is not sufficient to offer financial services or products in the UK nor Europe.

Hence, the UK regulator reiterate again that investors should only deal with the regulated financial firms. They further stress that the investors dealing with unauthorized firms are putting their funds at higher risk. Here at, we value the same standards and even take it a step further by testing the brokers on compliance, T&Cs, withdrawal process and more. You can find the tested brokers in our Directory of reliable Forex brokers.

What do you think, is scam or reliable regulated Forex broker? Let us know in the comments section below.

Disclaimer: The views and opinions expressed in this article are solely those of the author and do not reflect the official policy or position of AtoZ, nor should they be attributed to AtoZMarkets.

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