Fin-Tech Prime Review
Reason to avoid: Offshore license
Listed Date: November 6, 2018
Top 3 Regulated Forex Brokers
Beware Fin-Tech Prime is a Non-Regulated broker. It is NOT SAFE to trade.
- Company name: General Media OU/Morgan Holdings Ltd
- Registration/license: Estonia/Marshall Islands
- Registration/license requirement: USD 2,000
Fin-Tech Prime is a Forex and cryptocurrency broker and a trading name of General Media OU, located in Tallinn, Estonia. There are two more names behind this brand – Morgan Ltd., located in Bulgaria and Morgan Holdings Ltd., located in the Marshall Islands. However, the broker is not regulated by Estonian Financial Supervision Authority or Bulgarian Financial Supervision Commission, which only proves that Fin-Tech Prime is another unregulated offshore broker in the list.
Moreover, UK’s Financial Conduct Authority has issued a warning against the broker:
“This firm (Fin-TechPrime) is not authorised by us and is targeting people in the UK. Based upon information we hold, we believe it is carrying on regulated activities which require authorisation.”
We strongly advise you to only deal with financial firms that are authorized by respected and trustworthy regulators. In order to check if the chosen broker is authorized by the FCA, you can check its Financial Services Register to ensure it is. But if you are still searching for a well-regulated broker, check our list of the FCA-regulated brokers.