Failure to take action following two FCA warnings will lead to cancellation of regulatory permission 28 days later.
The UK FCA has refused to authorise Alexander Jon Compliance Consulting Limited (AJCC) to provide regulatory hosting services.
Fixed portfolio firms were particularly negative about the time taken by the FCA to grant authorisation.
The FCA explains that complete applications by trading companies that work with retail investors should be decided within 6 months.
Gedik International has had its application for a variation to its Part 4A permission to cover rolling spot FX denied.
Recognise has received authorisation with restriction (banking licence) from the PRA / FCA.
Managed from Singapore, Samtrade was founded in 2017 by entrepreneur Sam Goh as an offshore FX broker incorporated in Saint Vincent and the Grenadines.