City Global Trading Review
City Global Tradinghttp://www.cityglobaltrading.com/
Reason to avoid: No License
Listed Date: December 24, 2018
Top 3 Regulated Forex Brokers
Beware City Global Trading is a Non-Licensed Broker. It is NOT SAFE to trade.
City Global Trading
Registration Address/ License:
No License, No Regulation.
City Global Trading is a trading service provider that offers expert advice to help in a smart managed FX investment choice and assist by a most reliable environment through the transparent pricing. The broker claims its registration of an address in UK, as well as the regulation by FCA since the financial service provider operating in UK, should hold a necessary license.
However, the facts revealed totally opposite situation while the City Global Trading nor regulated or authorized by FCA or any other entity to deliver its service. In addition to that, the FCA has even issued an official warning against the City Global Trading broker, as the company misleads about its legal information and targets UK residents without legal permission to do so.
“Almost all firms and individuals offering, promoting or selling financial services or products in the UK have to be authorized by us. The firm City Global Trading is not authorized by us and is targeting people in the UK. We strongly advise you to only deal with financial firms that are registered, and check the Financial Services Register to ensure they are.”
Therefore, it comes to the point that the City Global Trading most probably located in some offshore zone or even registered by none, while presents themselves as a legit firm. The traders should be extremely careful while choosing the broker to trade with, as scams inventing more and more possibilities to target their victims. The reliable offering always would come from a reputable and regulated firm, with a necessary implementation of protective tools. Thus, as general advice and particular case, we would advise better to choose among truly FCA regulated brokers, while the list of FCA Regulated forex brokers can assist in choice.