While fixed-income solutions carry a lower risk, the role of the financial intermediary becomes crucial. The stock and forex markets have many legitimate brokers, but the number of scam entities is no less.
Fake financial intermediaries always mislead clients and steal their money. This piece drives your attention to one such scam investment firm called Fixed Income. Before we unleash the broker in detail, let's quickly provide you with a short overview of the company.
Fixed Income – Overview
Fixed Income (https://fixed-income.info/) is an investment firm based in Dubai. The company provides investment solutions in real estate and lease financings, such as bonds and gilts. The firm claims to have been serving the industry for two decades. Clients are required to invest a minimum of 25,000 GBP or equivalent for a fixed tenure to receive returns on their investment until maturity. Although the company boasts about its due diligence while working with its partners, it doesn't list any of them. Instead, you need to fill up the form to know more details. The broker doesn't offer live chat assistance, though you can reach the company over the telephone.
Is Fixed Income Regulated？
No! Fixed Income is neither regulated nor registered anywhere in the world. Since the investment firm claims to have its registered office in Dubai, we deemed it necessary to cross-check the DFSA register to confirm its registration status. Expectedly, we found no matching result on the DFSA website. The company's contact number with a UK code further also instigated us to check the FCA register, but we found it unauthorized there.
What Makes Fixed Income A Scam Broker？
While the absence of the company's regulation is the first indication of it being a suspicious concern, holding no registration anywhere in the world further confirms its evil intentions. The worst part is that it tries to mislead investors using the FCA acronym. For instance, the company claims to be “FCA-regulated”.
Moreover, the contact number shared on the firm's website belongs to the UK. Think for a while, why would a legitimate business concern incorporated in Dubai ever need its clients to dial a UK number to contact？ Essentially, there must be something fishy. Also, the company keeps rebranding to conceal its identity. For instance, the broker was previously known as Capital 3PM and now changed its business name to “Fixed Income”, so who knows what's coming next？
Lastly, the firm claims to have existed for over 10 years while its domain age is just a few months old.
Has Fixed Income Ever Been Blacklisted？
Yes! Fixed Income has recently been blacklisted by the UK's financial regulator – FCA. According to the regulator, the firm is found guilty of providing financial services to UK residents without authorization. The British regulatory authority also warned clients not to invest their money in it as their funds might not be recoverable if the company breaches the code of conduct.
Bottom Line
Fraudsters bank on the fact that you won't check things out before making a financial commitment, so conducting your research to fend them off is crucial. Requesting further information or references is inadequate, as fraudsters have no reason to put you straight. Always make sure to check the regulation status of your prospective investment firm.
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