FCA warns against Get Financial firm
In the recent regulatory statement, the UK’s Financial Conduct Authority has reported against the forex broker Get Financial and warned that this company has been offering financial services to the UK clients without being authorized in the country. Get Financial company is incorporated on the Island, but isn’t affiliated with the local regulator. Get Financial is a Forex and CFD broker, which offers its services from the website getfinancial.com. This trading platform has all Major Currency pairs as well as minor crosses.There is a large selection of other assets are available for trading, including Commodities, Futures, Indices, Stocks and Crypto currency. The broker firm is owned by Get Financial Markets Ltd., registered in St. Vincent and the Grenadines. There is another company mentioned on the website – ASTRORO INVESTMENTS LIMITED, located on Cyprus. Although, the Cyprus location has nothing to do with the Cyprus regulation. The companies registered with the offshore regulators have a bad reputation, as in comparison to the serious agencies such as FCA in UK or ASIC in Australia, it is easier and cheaper to get the offshore license. It is one of the reasons, why it is better not to deal with the Get Financial firm. Another reason to stay away from this broker, is the loads of negative reviews from unsatisfied and angry clients. People lose their money, usually with the trades they haven’t even opened. Their emails are not answered and it’s impossible to reach the support team over the phone. It is recommended to deal only with the highly regulated companies and the Financial Conduct Authority (FCA) is one of the most respectable agencies. You can read our review on this broker here.