FCA calls out unlicensed introducing broker BillionsFX
UK financial regulator The FCA has issued a warning against a website called BillionsFX, at billionsfx.co.uk.
The FCA stated that BillionsFX is not authorised by the regulator, and is targeting people in the UK. Based upon information it holds, the FCA believes that BillionsFX is carrying on regulated activities which require authorisation.
From its website, BillionsFX appears to be an introducer to CySEC-licensed FX and CFDs broker BDSwiss. The company also appears to be selling various packages of market insights, ranging in price from £14.99 up to £499 for a “Life Time Insights” package.