UK’s FCA warns against Inter Global forex broker

UK’s FCA warns against Inter Global forex broker

- in All News, Warnings
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UK’s Financial Conduct Authority (FCA) has issued a warning that Inter Global Limited, operating the forex broker Inter Global (FX Inter), is not authorized to provide financial services in the UK.

Nevertheless, the broker, operating from the website, has been targeting people in the UK.

According to its website, the broker offers trading in forex, commodities, indices and shares. In the “Regulatory Oversight” section on its website, Inter Global claims it is one of the “leading, registered (registration number 22597 IBC 2015) forex brokers”. The display of the silver fern leaf (national symbol of New Zealand) implies it is somehow connected to New Zealand – a country with sound financial regulatory reputation.

inter global

A quick check of SMN, however, revealed that the registration number is from the offshore St. Vincent and the Grenadines and is of Inter Global Limited – a company providing ICT services, based in Lagos, Nigeria.

Is not clear whether there is any connection between the forex broker and the company offering hardware, software and networking solutions in Lagos, but it is fairly easy to confuse an unsuspecting investor. According to relatively recent posts in some trader forums, “Forex Prime / Interglobal / FX Inter are all the same mob and are a scam. Theiving brokers, extremely rude and when you want to withdraw your money they deliberately place losing trades and bankrupt your account.”

There, however, have been no other official warnings against this broker. At least not yet.

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