FCA Warns Against TBFX Limited Using XTB Data

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FCA Warns Against TBFX Limited Using XTB Data

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TBFX Limited is another fake company that has been added to the UK's Financial Conduct Authority's long list of warnings. The company has been recognized as an unauthorized financial services provider.

According to the official warning posted, the company does not have the appropriate license by the FCA to provide financial services and operates outside the law. The company appears to be a clone of XTB Limited licensed by the FCA with reference number 522157.

Oftentimes scammers choose to use data from companies that are already licensed and attributable to them, traders are warned not to contract with TBFX services. Moreover, we urge readers to subscribe only to the services of regulated and legitimate brokerage firms that abide by the numerous rules stipulated in the official regulator which include segregation of accounts, participation in a financial compensation system, periodic monitoring and many other rules.

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