Topic Unauthorised business FXC Markets, Berlin: risk of confusion with the authorised company FXCM
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.
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.