The UK’s Financial Conduct Authority (FCA) has begun to flag unauthorised firms which provide educational services to Forex traders. Previously, the regulator issued warnings specific to scam or fraudulent companies and those that are not authorised to provide trading services within the UK. Since online scams using social media are becoming more prevalent around the world, regulators are beginning to go after such scams as well.
The FCA has specifically identified a website – so-fx.com, the company primarily offers forex trading educational courses for both beginner and advanced traders. The platform along with its owners and employees are also active on Instagram and Facebook with thousands of followers. This company looks to be getting most of its exposure through social media and is promising traders unreasonably high profits from Forex trading.
Traders and investors should take caution if dealing with anyone with these details:
Telephone: 023 8017 8743, +4447771606768
Instagram account: https://www.instagram.com/georgelinf/; @georgelinf; @sofx;
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