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UK FCA adds unauthorized forex broker IBA Markets, binary options broker Sigma Option to warning list

The UK Financial Conduct Authority (FCA) issued over the weekend separate statements in which it warned against unauthorized binary options broker Sigma Option, a brand of BR23 Ltd., and forex broker IBA Markets, operated by International Brokers Association Markets.

Neither of the two brokers is authorized to provide financial services on the territory of the UK. Nevertheless, they have both been targeting local citizens and are carrying on regulated activities which require authorization. They could knowingly run investment scams and traders should deal with great caution when engaging with them