Recent content by Black Jack

The best way to find out is to check on the FCA register whether or not the firm appears on it. If it is then they are a regulated organisation and you will have the protection of the FCA as they have to abide by the regulations set out by them. If they are not then I would suggest that you do...

To be able to conduct business in the UK every financial services firm has to be registered with the FCA and Cambridge Capital Trading are not registered. I would assume that similar regulations apply for firms conducting financial business in Australia. I have referred to the website of the...

That may well be the case, but seeing as there is no mention in the original query of the broker being based in a nation other than the UK, my response was based on the assumption that the forex broker in question was based in the UK.

If he wishes to trade in the UK then yes, but he must be registered with the FCA. However, as for trading in the US, sorry but I can’t help you there.

All firms trading Forex in the UK have to be regulated by the FCA under the Financial Services and Markets Act of 2000 (FSMA) since December 2001 and any Forex trader operating from the UK whilst not being regulated are acting illegally. If a regulated firm breaches the regulations set out by...

I’m sure the reasons for IG and Alpari not accepting your application is because of their own Terms & Conditions. I would suggest that you search online via google or a similar search engine for other similar companies. This link should provide you with some assistance...

I’ve used both GFT and IG in the past, in fact I’m still using IG now as I personally didn’t particularly like the GFT platform. I found it very busy, congested and somewhat confusing! The thing I like about the IG platform is the ease and simplicity of the platform. I haven’t had many issues...

My understanding is that there is no legal restriction for a person based outside of the UK to open a spread betting account in the UK. However, individual firms may place their own restrictions on applications being received from certain high risk countries. Should you be resident in Europe...

No you can keep as much on there as you like however I would say to avoid this due to the fact that if your positions move against you then you could end up losing money unnecessarily. I would maybe suggest leaving a certain amount in there but having provisions in place to move the money...

I would say the things to look out for are commission rates and whether the broker is an advisory broker or an execution only broker. The commission is a big one, if you start trading without knowing the commission rates and charges then you could end up paying a fortune. If the broker gives...

On the contrary fraud, which is what scamming is, is a crime and the police are obliged to investigate crime. It’s often the case that individual incidents cannot be investigated but it is likely that those that are scamming are doing so frequently. By reporting the incident it helps the police...

Logic Investments appears on the FCA register. It is therefore a regulated firm and is a legitimate organisation. That’s assuming, of course, that this is the same firm as have offered you a position. Check on the FCA register to clarify this. The register will provide all details of the firm...

That’s fantastic, working for yourself comes with all sorts of benefits however I’ve found friends that are self-employed struggle to ever have any time off, when you work for yourself you always want to be making money, understandably, but when you are on holiday no one is paying you! Mind you...

I think the clue here is in the name. It’s unlikely that any official fraud reporting website will use the term “Boiler Fraud Reporting” as an official website will give the opportunity to report other means of fraud. They’ve also been very crafty in providing a link to the FCA website to make...

I’m not a massive fan of share dealing, I personally prefer CFDs, if you are cash rich then shares are good because you will have the money to buy as many shares as you like but if cash flow is a bit of an issue then CFDs are better, you don’t have to put up all of the money upfront, you can put...