As I write this Alexa cite the UK as the fourth largest source of traffic to the iMarketsLive website (5.8%).

This seems to have caught the attention of the Financial Conduct Authority, who back in May issued an iMarketsLive warning.

The FCA identify iMarketsLive as a company that provides “financial services or products”.

This would require iMarketsLive to register with the FCA for compliance, which they had not done.

As per the FCA’s May 21st warning;

Almost all firms and individuals offering, promoting or selling financial services or products in the UK have to be authorised by us.

However, some firms act without our authorisation and some knowingly run investment scams.

This firm is not authorised by us and is targeting people in the UK. Based upon information we hold, we believe it is carrying on regulated activities which require authorisation.

BehindMLM
first reviewed iMarketsLive
in 2013. We took issue with the company’s focus on pyramid recruitment and FX Signals automated signals platform, which we identified as an unregistered securities offering.

In 2017 we published an
updated iMarketsLive review
. Since our 2013 review iMarketsLive had introduced retail sales but the FX Signals securities issue remained.

Following regulatory warnings issued by
Colombia
and 
Curaçao and Sint Maarten
, earlier this year iMarketsLive quietly dropped their FX Signals offering.

🤖 Quick Answer

What is the FCA warning about iMarketsLive?
The Financial Conduct Authority issued a May warning against iMarketsLive, identifying it as an unauthorized financial services provider operating in the UK without proper registration and compliance. The FCA stated the firm targets UK residents while operating without authorization, potentially conducting investment scams.

Why did the FCA take action against iMarketsLive?
iMarketsLive provides financial services requiring FCA authorization and compliance registration in the United Kingdom. The company operates without obtaining necessary regulatory approval, violating UK financial services regulations. Alexa data showed the UK represented 5.8% of website traffic to the platform.

What are the regulatory requirements for financial service providers in the UK?
Almost all firms and individuals offering, promoting, or selling financial services or products in the United Kingdom must obtain authorization from the Financial Conduct Authority. Unauthorized operations constitute regulatory violations and potential investment fraud

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