MRTmarkets relies on novice traders, taking advantage of their inexperience and lack of knowledge about official regulatory standards.
The UK Financial Regulation and Supervision Authority (FCA) issued a warning regarding the company, which operates under the signage of “MRTmarkets”, offering the British financial services and products not licensed by the national regulator.
MRTmarkets positions itself as a company allegedly registered by a certain regulatory body, called the Securities and Exchange Commission (FSPC). It is obvious that MRTmarkets is betting on attracting new customers who are not sophisticated in the intricacies of the existing regulations for licensing and regulating the activities of companies and therefore do not have the information necessary to make good investment decisions.
The MRTMARKETS.COM brand is owned by KHO Tech LTD, located at Woodberry Grove, Finchley, London. On the website http://mrtmarkets.com, owned by this dubious company, you can see that it offers services for trading a wide range of assets, including spread betting and CFD.
Under current UK law, virtually all companies and individuals offering or selling financial services or products on the territory of the United Kingdom are required to have an FCA license.
In its official statement, the regulator reminded investors once again of the need to deal only with licensed companies and always check whether they are included in the official register of financial service providers. Otherwise, the losses of victims of fraudulent companies “will not be covered either by the Financial Market Ombudsman Service or the Financial Services Compensation Program,” warns FCA.
Leave a Reply