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UK's FCA warned against Prime Crypto and 4xpremium clone firm

Posted: Sat Sep 15, 2018 12:29 am
by mlawson71
UK’s Financial Conduct Authority (FCA) has added several investment companies to its warning list. Among them are the forex broker 4xpremium - a clone firm - and unregulated crypto CFD provider PrimeCrypto. Both of them are not authorized to offer investment services in the UK.

The latter is a company that purports to be registered in Bulgaria, but apparently is not regulated by the Bulgarian regulator.

The former, 4xpremium, provides no information about its license or regulation, but according to the FCA it is a clone firm of a legitimate company.