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2016 Rhodium Forex FCA warning

2016 Rhodium Forex warning was issued in December 2016, after which the broker ended in FCA's exhaustive Investment Caution list. Is Rhodium Forex a reliable Forex broker?

DESCRIPTION

2016 Rhodium Forex FCA warning was issued in December 2016, after which the broker ended in FCA’s exhaustive Investment Caution list. Is Rhodium Forex a reliable Forex broker?

Rhodium Forex is a Russian broker, which offers online trading of Forex, CFDs and commodities through MT4. According to its website it is UK based, while the only language available on the webpage is Russian. The registered address of Rhodium Forex is: WR Trade Ltd, 1 Hornsey St, London, UK, 0203 514 5898.

Rhodium Forex is not FCA licensed

The registered address of Rhodium Forex in the UK made it suspicious for the FCA. All financial firms that offer investment products need to be FCA authorised. The Forex broker is not FCA authorized nor licensed by any other financial regulator. Hence, the FCA issued a warning against Rhodium Forex.

Lastly, to attain more information about the 2016 Rhodium Forex FCA warning warning, look up here the original warning against Rhodium Forex.

Broker

Rhodium Forex

Regulator

FCA UK - Financial Conduct Authority
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