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Do I need to be regulated (by FSA in UK) to provide forex signal trading services or can disclaimers help?

Disclaimers like 1. We’re not financial advisors 2. Consult your financial advisor before trading 3. We only provide analysis, trade at your own risk
would solve the purpose?

Good afternoon Aura,
I would definitely recommend speaking with the FSA about whether the information you are providing requires regulation. I should also point out that regulation and disclaimers should not be mutually exclusive; indeed, it is advisable that you look to employ both if you are considering offering any service that could be interpreted as a recommendation to buy or sell a given financial asset. The FSA are usually pretty responsive to emails, so it may well be worth sending them a note to get their thoughts on your proposed service offering.

I hope this helps.

Yours sincerely,

Christopher Kelly

This entry was posted on Thursday, September 2nd, 2010 at 8:32 pm and is filed under forex trading signals. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

2 Responses to “Do I need to be regulated (by FSA in UK) to provide forex signal trading services or can disclaimers help?”

  1. Trader Management Says:
    September 3rd, 2010 at 2:01 am

    Good afternoon Aura,
    I would definitely recommend speaking with the FSA about whether the information you are providing requires regulation. I should also point out that regulation and disclaimers should not be mutually exclusive; indeed, it is advisable that you look to employ both if you are considering offering any service that could be interpreted as a recommendation to buy or sell a given financial asset. The FSA are usually pretty responsive to emails, so it may well be worth sending them a note to get their thoughts on your proposed service offering.

    I hope this helps.

    Yours sincerely,

    Christopher Kelly
    References :

  2. james j Says:
    September 3rd, 2010 at 2:16 am

    you just jump for http://www.forextradingoffice.com
    and you take all details
    References :
    http://www.forextradingoffice.com

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