Beware of FXC Markets giving the false impression that it is linked to FXCM 

wARNING

BaFin, the Federal Financial Supervisory Authority that ensures the proper functioning, stability and integrity of the German financial system, has issued a warning to inform consumers about FXC Markets.

According BaFin’s warning, a company called FXC Markets, which allegedly has its registered office in Berlin, claims that it has been authorised by BaFin, although this is not the case.

FXC Markets uses the company details of FXCM (Forex Capital Markets Limited, Nürnberger Str. 13, 10789 Berlin, www.fxcm.de), giving the false impression that it is linked to FXCM.

BaFin informs that only FXCM is authorised to offer financial services in Germany. FXCM is a broker that has been authorised by the British Financial Conduct Authority (FCA) and has been notified to BaFin.

FXC Markets, however, has not been authorised by BaFin or the FCA. There is no link between the two companies.

Source: BaFin

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