121 Trading Scam Exposed: Avoid This Unauthorised Broker
Millions of investors are still drawn to online trading, but there is risk involved, particularly when dealing with unlicensed brokers like 121 Trading. This platform, which operates through the website trading121.co.uk, has drawn a lot of attention after being brought to the attention of the UK’s Financial Conduct Authority (FCA). From scam reports on Reddit reporting scams to FCA warnings, this 121 Trading review provides all of the information you need to know about this questionable broker.
121 Trading Review: Vital Details
Trading121 states that it offers financial services in the United Kingdom but does not have the required FCA authorization by law. On 4 October 2022, Trading121.co.uk was formally warned by FCA about being an unauthorized and unregulated platform.
Check full warning here: https://www.fca.org.uk/news/warnings/121-trading
Key Details:
- Website: trading121.co.uk (currently inactive for some users)
- Address – NA
- Regulatory Warning – Financial Conduct Authority (United Kingdom)
- Domain Blacklisted Status –Trading121.co.uk has been blacklisted by two security databases, indicating it may be involved in scam or malicious activities. This status, along with an FCA warning, makes the site highly unsafe for users and investors.
- FCA Warning Date: October 4, 2022
- Contact Listed: Mobile – 07908877737, Instagram – @xems121x
Key Issues with 121 Trading
- Unregulated Status: The broker acts without FCA authorization.
- No FSCS Protection: The Financial Services Compensation Scheme (which typically pays investors in the event of a failed broker) does not come into effect for clients.
- Fake Contact Channels: The business website provided no verifiable physical address, but provides a UK mobile number and an Instagram handle (@xems121x).
- Deceptive Marketing: Many users report having fraud messages and scam emails upon signup, via Instagram and various other social sites.
Missing money, phony returns promises, and unresponsive customer service are all common indicators of a forex scam, according to people who have dealt with 121 Trading.
Trading121.co.uk Scam Reviews & Online Complaints
Users on forums like Reddit have posted warnings, with reports of fraud attempts, and scam emails from Trading121.co.uk. There is confusion being created between 121 Trading and legitimate brokers like Trading212, further confusing victims.
FAQ: Know Before You Engage
Q: Is Trading121.co.uk a regulated broker?
A: No. The FCA has stated that is unauthorized.
Q: Is Trading212 involved in this scam?
A: No, Trading212 is FCA registered. Do not confuse Trading212 with Trading121.
Q: What’s Trading 212’s UK contact number?
A: It is published on their official website. Always check legitimacy.
How to Recover Money Lost to 121 Trading Scam
Have you fallen victim to the Trading121.co.uk scam or received suspicious emails from this broker? You’re not alone — and there’s help.
Scams Report assists victims of online trading scams in tracking down and getting their money back from brokers such as 121 Trading. Our recovery specialists investigate your case and help you navigate safe and legal recovery procedures in collaboration with forensic analysts and legal experts.
Here’s what we offer:
- Free Consultation
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- Professional advice on how to avoid future scams
Don’t wait until it’s too late. The longer you delay, the harder it is to recover. Allow our staff to help you carefully and with confidence.
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Disclaimer: This review is based on online reports and customer complaints. Always research carefully before investing with any broker.
