Clone firm NBC Global Finance blacklisted by the FCA

[mlawson71]

The United Kingdom financial regulator Financial Conduct Authority (FCA) issued yet another warning about a clone company that is posing as a legitimate company. The scammer is called NB-Finance/NBC Global Finance. It does not actually have a proper FCA license and it cannot provide financial services to UK citizens. The company is also suspected of conducting investment scams, likely through cold calling the people that it has targeted. The FCA urges any victims to contact them.

Source

Unfortunately scammers like these are quite prevalent in the Forex industry. One can avoid them by always double checking any and all information given to them by a company with the regulator that licensed the company and to always pick companies regulated by reputable agencies.