FCA warns against iMarketLive, an unlicensed forex and CFD broker

iMarketLive is not authorized or licensed by the FCA to provide financial services to UK customers. The company claims to be based in Houston, Texas, USA, but the FCA has been unable to verify this information.

Why you should be wary of iMarketLive

• iMarketLive is not a legitimate company. The FCA has been unable to verify the company's existence or its claims to be regulated.
• Your money is at risk. If you deposit money with iMarketLive, you are at risk of losing it all. The company is not covered by the UK's Financial Services Compensation Scheme (FSCS), so you will not be able to claim compensation if you lose money.
• You will not be able to get help if you have a problem. If you have a problem with iMarketLive, you will not be able to get help from the FCA or the Financial Ombudsman Service.

Unauthorised firm details

Name: imarketlive (www.imarketlive.org)

Address: 1000 Main St, 12th Floor, Houston, Texas 77002, UNITED STATES OF AMERICA

Telephone: +18563133297

Email: support@imarketlive.org

Website: www.imarketlive.org

Some firms may give incorrect contact details including postal addresses, telephone numbers and email addresses. They may change these contact details over time.They may also give you details that belong to another business or individual, so the information looks genuine.

How to protect yourself

Only deal with authorized firms. You can check the FCA's Register to see if a firm is authorized.
Do your research. Before you invest with any firm, make sure you understand the risks involved. You can read reviews of iMarketLive online, but be aware that some of these reviews may be fake.
Never invest more money than you can afford to lose.

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