Spectrum Traders presents itself as an online trading platform operating from the domain spectrumtraders.net. It markets investment services and trading accounts to retail customers and often promises fast returns and easy deposits. The brand positioning is that of a trading firm, but public records and the FCA warning show it is not authorised to offer regulated services in the UK. You will see a mix of promotional messages, limited or unclear company details, and pressure to fund accounts quickly.
The FCA has listed Spectrum Traders because the firm is not authorised to carry out regulated financial activities in the UK. Reasons for inclusion on the FCA Warning List typically include: operating without permission, using deceptive contact details, and targeting UK consumers with investment offers. Multiple reports and tip-offs can trigger a listing. Common red flags linked to this case include unsolicited contact, aggressive sales tactics, promises of guaranteed returns, and inconsistent or fake company information. These issues mean the FCA wants UK investors to be alert and avoid dealing with this unauthorised firm.
Name: Spectrum Traders / spectrumtraders.net Some firms may give incorrect contact details including postal addresses, telephone numbers and email addresses. They may change these contact details over time. They may also give you details that belong to another business or individual, so the information looks genuine. This firm is not authorised by us and may be targeting people in the UK. Search our Warning List for other unauthorised firms and individuals we’re aware of.
Unauthorized This firm may be providing or promoting financial services or products without our permission. You should avoid dealing with this firm and beware of scams. Almost all firms and individuals must be authorised or registered by us to carry out or promote financial services in the UK. This firm is not authorised by us and may be targeting people in the UK. Search our Warning List for other unauthorised firms and individuals we’re aware of. Unauthorised firm details Name: Spectrum Traders / spectrumtraders.net Some firms may give incorrect contact details including postal addresses, telephone numbers and email addresses. They may change these contact details over time. They may also give you details that belong to another business or individual, so the information looks genuine. What this means for you If you deal with this firm, you won’t have access to the Financial Ombudsman Service if you want to complain. You also won’t be protected by the Financial Services Compensation Scheme (FSCS) if things go wrong. This means it’s unlikely you’d get your money back if the firm goes out of business. If you sent money to a fraudster on or after 7 October 2024, you may be covered by protections introduced by the Payment Systems Regulator (PSR). Find out what to do if you’ve been tricked into making a payment to a scam account. How to protect yourself You should only deal with financial firms that are authorised by us. If a financial firm is authorised by us, it gives you greater protection if things go wrong. You can use the FCA Firm Checker to make sure a financial firm is authorised by us and has our permission to provide the services you’re looking for. You’ll also be able to find: information on how you’re protected contact details for authorised firms If you’re contacted unexpectedly by a financial business, make sure you reply using the contact details on the Firm Checker. Find out more about how to protect yourself from scams. Report an unauthorised firm If you think you’ve been approached by an unauthorised firm, call us on 0800 111 6768, or use our contact form.
You should only deal with financial firms that are authorised by us. If a financial firm is authorised by us, it gives you greater protection if things go wrong. You can use the FCA Firm Checker to make sure a financial firm is authorised by us and has our permission to provide the services you’re looking for. You’ll also be able to find: information on how you’re protected contact details for authorised firms If you’re contacted unexpectedly by a financial business, make sure you reply using the contact details on the Firm Checker. Find out more about how to protect yourself from scams. Stay informed by subscribing to our website, follow updates about scam brokers, check reviews regularly, and always verify licenses before investing.
Spectrum Traders is a scam broker and you should not trust this broker. The FCA has listed Spectrum Traders / spectrumtraders.net as an unauthorised firm, meaning customers have no access to the Financial Ombudsman Service or FSCS protections. In this review of Spectrum Traders in 2025, treat any contact or offer from spectrumtraders.net as high risk, avoid sending funds, and verify any broker through the FCA Firm Checker before engaging.
