FCA warns of GlobalArabFX and adds it to its blacklist

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FCA warns of GlobalArabFX and adds it to its blacklist
Photo: globalarabfx.com

GlobalArabFX and its website https://www.globalarabfx.com have been added to the long list of the Financial Conduct Authority in the United Kingdom (FCA). Which recognized the company as an unauthorized financial services provider and regulated by any regulatory body in the world.

According to the official warning published today, the company does not have the appropriate license by the FCA to provide financial services to British traders and operates outside the scope of the law. Global Arab FX uses the license of another company called Global FX (UK) Ltd. Regulated by the FCA, in order to deceive investors that it is regulated by the United Kingdom's Financial Conduct Authority (FCA).

The British authorities also say that they suspect globalarabfx.com of knowingly participating in investment fraud. Then it warns traders not to contract with Global Arab FX services.

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