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FCA Provides Premier FX Copy Cats to Checklist of Suspicious Companies

You’ll by no means guess what occurred this afternoon fellow Finance Magnates reader. That’s proper, the UK’s Monetary Conduct Authority (FCA) has added one more agency to its warning checklist of suspected scams.

On this event the agency is known as Premier FX and it says that it’s primarily based in London. Not simply primarily based in London thoughts you however primarily based in Grosvenor Road, simply across the nook from america’ embassy.

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Now, provided that the agency is a funds rip-off, the percentages are it doesn’t have an workplace within the coronary heart of Mayfair. In actual fact, I’d be keen to wager cash that it doesn’t. So, in the event you really feel like getting in on a wager, be at liberty to ship me an e-mail.

Playing apart, the corporate purports to supply some type of overseas trade service. Extra particularly, the corporate’s web site says that it primarily helps companies with funds and foreign money trade.

Not the true Premier FX

The agency’s title might sound acquainted to some and that’s as a result of there may be, or maybe extra precisely ‘was,’ a overseas trade firm referred to as Premier FX that’s regulated by the FCA. The ‘actual’ Premier FX collapsed in the midst of final 12 months after falling into administration.

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However, sadly for us, the pretend one remains to be up and working. Discovering opinions for the location will not be simple as they seem like completely comprised of the offended former prospects of the real Premier FX.

Nonetheless, wanting on the method the location is ready up, the truth that it lies about its licensing and virtually actually lies about its deal with, it’s not troublesome to determine the corporate’s modus operandi. They’ll take your cash and, when you’ve deposited it into their accounts, you’ll by no means see it once more.

As with most corporations that seem on the FCA warning checklist, this writer advises you to remain far, distant from Premier FX – pretend or real.



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