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FCA Issues Warning Against Unauthorised Entity @FXMasterySchool
The UK Financial Conduct Authority (FCA) has issued an official warning against @FXMasterySchool, an unauthorised entity offering financial services via social media.
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Do not send money, disclose credentials, or use contact details supplied in an unsolicited message. Verify the organisation independently.
The Financial Conduct Authority (FCA) in the United Kingdom has issued a public warning regarding @FXMasterySchool. According to the regulator, this entity has been providing or promoting financial services or products without the required authorization, potentially targeting UK residents.
Operating primarily through social media platforms, the entity promotes its services under the name @FXMasterySchool. Known communication channels linked to this operation include an X (formerly Twitter) account at https://x.com/fxmasteryschool and a Telegram channel accessible at https://t.me/forexschooloftrade01.
The FCA reminds the public that almost all firms and individuals offering, promoting, or carrying out financial services in the UK must be authorized or registered by the regulator. Unauthorised entities often utilize social media handles and messaging apps to lure potential investors, sometimes providing incorrect contact details or impersonating legitimate businesses to appear authentic.
Engaging with an unauthorised entity like @FXMasterySchool carries significant risks. Clients of unauthorised firms do not have access to the Financial Ombudsman Service for dispute resolution, nor are they protected by the Financial Services Compensation Scheme (FSCS) should the operation fail or misappropriate funds.
Investors are advised to verify the regulatory status of any financial service provider using the FCA register and to exercise extreme caution before transferring funds or engaging in trading activities promoted across unregulated social media channels.