Revolution Variable Systems broker was added to FCA’s warning list
UK financial regulator Financial Conduct Authority (FCA) has issued its another warning against the unauthorized broker. This time it is against the Revolution Variable Systems (RVS), the firm that is providing financial services to British residents without being authorized. The company operated on the www.marketsystems.co.uk website and British domain is basically the only sign that it might be located in UK. There is no other information about phone number, address or even email of the broker firm can be found on the website or on the net. Also the website itself is not informative at all. There are no explanations of the trading conditions. The info on the website states that the company develops a range of advanced trading platforms for the stock, option and forex markets and provides clients support. It really looks like they just advertising some softwares: trading systems (RVS trade assist portal, RVS day trading and RVS Forex system). It is difficult to understand whether the company is a broker or just a software provider. The lack of the information or the deluding information shows that it’s better not to deal with RVS and choose among one of the regulated by FCA companies. The UK financial regulator advises traders to check forex trading company names in the Financial Services Register, provided by FCA. It is important to remember that the invested funds will not be covered by the broker if the company is not regulated by FCA (or any other regulator, depending on the country).