In an official warning dated December 21, 2016, UK-based regulator Finance Conduct Authority (FCA) placed Einsten Transfer Ltd. in its list of investor alerts as an unauthorized firm providing financial services in Britain.

The warning has also reached the International Organization of Securities Commissions’ (OICV-IOSCO) investor alerts portal, where regulators in different countries submit their warnings under their jurisdictions in a compiled list.


Operating under www.einsteintransfer.com/, Einstein Transfer does not indicate its location or headquarters, and claims to be regulated by the FCA under the Payment Service Regulations 2009 (FRN 504290) for the provision of payment services and the HM Revenue & Customs (HMRC) Certificate of Registration for Money Laundering Regulation as well.

However, as this article suggests, there has been an official warning coming from the FCA that Einstein Transfer is not authorized under them.

On its company profile, the firm wrote, “We leverage on our years of expertise in the money transfer, foreign exchange and payment solutions domain, and strive to maximize customer service and experience.” In particular, Einsten Transfer claims to provide financial services that include personal money transfer in Overseas Property, Emigrating, Regular Payments, Risk Management and Regular Overseas Business Payments.

Be wary of online companies with vague information on their background and services and absence of proper authorization, as these are mostly frauds and scams. For a list of the IOSCO’s alerts and warnings for investors, visit this page. To ensure that your broker is FCA-regulated, visit the Financial Services Register, which contains information on firms and individuals that are, or have been, regulated by the FCA.

Watch out for fraudulent firms and investment scams. Read more about fraudulent brokers and be updated of potential scammers here on FSM News.