TouchCashFX Added to Warning List by The Financial Commission, FCA and CNMV

The Financial Commission​ announced today that it has added TouchCashFX (TouchFX LTD) to its warning list​ after reviewing the submitted information from potential customers of the broker and determining that the indicated company and associated website may be used to scam and defraud traders and investors.

The Commission highlighted in its announcement that it does not recommend doing business with this entity, either individuals purporting to represent this broker on social media and in private messages on popular messaging apps.

Early this week, the UK's Financial Conduct Authority (FCA) also issued a warning that TOUCH CASH FX is not authorised by the FCA but is targeting people in the UK. According to the UK watchdog, the unauthorised company is using the website - https://touchcashfx.com, which is the same with the website indicated in the Financial Commission's announcement.

Moreover, the National Securities Market Commission (CNMV), the Spanish government agency responsible for the financial regulation of the securities market in Spain, also added TOUCH CASH FX to its warning list this Wednesday.