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FCA WARNING AGAINST CRYPTO-BROKER ‘SAFEMARKETS’

SafeMarkets is an unlicensed Forex & Cypto Currency trading broker: Until recently, their website listed a company called AlmaMarkets LTD, with an address at: 47 Churchfield Road London W3 6AY United Kingdom, as operator of the website. Currently, an Estonian company Optiumcommerce OU, Harju maakond, Tallinn, Kesklinna Linnaosa, Narva mnt 5, 10117, with a registration number 14421704, is listed as operator.

A Scam Broker review of SafeMarkets finds that they are offering the new Tradologic CFD trading software for Forex and Crypto Currency Trading. The website’s social media links do not work and are “hashtagged”.

The UK Financial Conduct Authority (FCA) warned against Safemarkets already a few weeks ago. According to the regulator, the two forex brokerages have been providing financial services in the country without being authorized. The FCA noted that some firms who provide financial services in the UK without their authorisation knowingly run investment scams.

4 Comments

  1. Tefik Tefik June 22, 2018

    I am using the safemarkets platform since recently. So far everything is alright. Their service is spot on and making very good returns.Unregulated by the FCA does not necessarily mean its a scam

  2. Iwobi Iwobi June 27, 2018

    I agree. From my personal experience so far safemarkets are showing themselves as a very good platform.I am receiving the necessary support and guidance for a beginner as myself

  3. DL DL August 8, 2018

    Definitely a scam and any firm that have brokers calling up hourly pressurising investors to invest more money are clearly not acting in their clients best interests. Stay away – not to be trusted and anyone promoting them are either being ripped off at we speak or part of the scam!

  4. Varun Sharma Varun Sharma August 13, 2018

    Every company out there is trying to get more money from you. All of them earn from the trades executed, spreads etc. but 90% of their profits come from money lost on the platform. It’s the same for all. That’s why they have bonuses and tons of other ways to keep you with them for as long as possible.

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