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FCA Warns Against Unlicensed Iranian Currency Exchange

FCA Warns Against Unlicensed Iranian Currency Exchange

February 15, 2019, | AtoZ Markets – FCA the British financial authority, which is involved in control and supervision of the financial firms in the UK warns investors not to trade with the Javan Currency Exchange which has Iranian origin.

Iranian currency exchange lures the British investors

Periodically, the Financial Conduct Authority of Great Britain advises the public against trade with certain firms. As a rule, such companies ultimately turn out to be fraudsters which operate under the label of a legal organization, in other words, become clones of the real-life trading companies.

Most of these firms work in English, but according to one British news portal, in many parts of the UK today 10 percent or almost a million people do not speak this language.

Therefore it is not surprising that this Thursday, the British financial regulator added an Iranian currency exchange company to its endless list of firms that traders should not deposit their money.

Javan, which website has a very basic design (pictured below) and looks like it was created using the Windows 98 clip-art, is clearly trying to convince investors in the UK to part with their hard-earned money.