UK’s watchdog the Financial Conduct Authority (FCA) has issued on its website a warning that MT Capital Partners, trading as Justrader, does not have a license for financial services and is not authorized to target UK residents. The company, operating through the websites mtcapitalpartners.com and justrader.com (both are currently inactive) and a business address in London, is targeting UK residents and offers them forex services, without having a license to do so.
This is not the first time financial regulators warn of MT Capital Partners. Most recently, the Belize regulator, the International Financial Services Commission (IFSC) has informed the public that MT Capital Partners doesn’t have a license to provide financial services. It has been registered in the Central American country, known for its somewhat lax financial regulation criteria, but its license was revoked in January 2016. the IFSC has also issued a cease and desist order against the company.
In September 2015 Belgium’s watchdog, the Financial Services and Markets Authority (FSMA) also warned that MT Capital Partners, operating through the name Justrader, is targeting Belgian residents, but is not an authorized investment firm or credit institution in Belgium. “The FSMA therefore strongly advises against responding to any offers of financial services or to any public offers of investment instruments made by MT Capital Partners (Justrader) and against transferring money to any account number it might mention”, wrote the authority on its website.