BrokersView
Search
Download
English
Sign In

MySteel UK

Save

Operating status: SCAM

Website: https://www.mysteelukltd.com/

Broker violations and abnormal records
  • 2023-08-02 The UK FCA issues a warning against MySteel UK

    On August 3, 2023, the Financial Conduct Authority (FCA) issued a warning against MySteel UK, believing this broker might be providing financial services or products without proper authorization. https://www.fca.org.uk/news/warnings/mysteel-uk

    On August 3, 2023, the Financial Conduct Authority (FCA) issued a warning against MySteel UK, believing this broker might be providing financial services or products without proper authorization. https://www.fca.org.uk/news/warnings/mysteel-uk
  • 2023-08-03 BrokersView has reviewed that MySteel UK is an unregulated broker

    MySteel UK provides an address in the UK to appear legitimate. However, the Financial Conduct Authority (FCA) has added it to its warning list as an unauthorized firm.

    In essence, MySteel UK is not regulated by any governing body. Entrusting this broker with investors' funds is highly risky, as there are no legal protections in place to safeguard the funds. It is unequivocally a scam.

    MySteel UK provides an address in the UK to appear legitimate. However, the Financial Conduct Authority (FCA) has added it to its warning list as an unauthorized firm.In essence, MySteel UK is not regulated by any governing body. Entrusting this broker with investors' funds is highly risky, as there are no legal protections in place to safeguard the funds. It is unequivocally a scam.

Related Complaints

Q&A

Any bonuses in MySteel UK?

Mohammad Burhan
United Kingdom
2023-08-31
ANSWER MySteel UK is an unregulated broker and thus not safe for investors.When a platform is a scam, bonuses it offers are the bait to hook unsuspecting investors. Once you fall prey to it, you are going to lose a load of money and your personal information will be exploited by fraudsters.MySteel UK has a significant scam feature: it lacks regulatory information and licensing data. While it provides an address in the UK to appear legitimate, there are no indications that it is registered with the Financial Conduct Authority (FCA). And the FCA has issued a warning against MySteel UK, further proving that it is an unauthorized firm.Therefore, BrokersView has concluded that MySteel UK is a scam. Investors dealing with the platform are exposed to financial losses and identity theft, which could be financially and personally devastating. To protect yourselves from fraud and theft, it is advisable to steer clear of unregulated brokers like MySteel UK and instead choose a fully regulated one.
See more

comments

Be the first to review.
Rate and Review

Your review

App Store

Google Play

Company Shop Application About Us Our Methodology Privacy Policy Contact Us

Risk Warning:

FX trading is of high risk and may not be suitable for all investors. Leverage will create additional risks and loss. Before trading, please carefully consider your investment objectives, experience level and risk tolerance. You may lose part or all of your initial investment; do not invest money that you cannot afford. Educate yourself about the risks associated with FX trading. If you have any questions, please consult an independent financial or tax advisor. Any data and information are provided "as is" and only for information purpose, not for trading or recommendations. Past performance does not predict future results.

Disclaimer:

The data contained in this website may not be real-time and accurate. The data and prices on this site are not necessarily provided by the market or exchange, but may be provided by market makers, so prices may be inaccurate and differ from actual market prices. Namely, this price is indicative price only to reflect market trend, and is unfavorable for trading purpose. The provider of the data contained in the Website shall not be liable for any loss incurred by you as a result of your trading activities or reliance on the information contained in the Website.