Cyprus investment firm banned from UK over 'significant money losses'

Mark Battersby
clock • 3 min read

Limmasol-registered FXBFI Broker Financial Invest, which trades as ‘101investing' has been struck off from doing UK business by the UK's Financial Conduct Authority as set out in a supervisory notice issued on 10 May. The FCA said it had received 39 complaints or expressions of concern since September 2020 about the activities of FXBFI, which has has a temporary permission under the TPR, providing consumers with the ability to trade CFDs using an online platform, accessible through its website, These complaints increased infrequency in 2021, disclosing serious mis...

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