Forex trader house

Posted: Apollon1 Date: 02.07.2017

Simon Bowers and Lizzy Davies.

Wednesday 4 April Alex Hope, formerly a Wembley stadium catering manager, has sought considerable publicity, setting up his own website — alexhopefx. The Financial Services Authority FSA said a year-old had been arrested on suspicion of committing offences under the FSA Markets Act and the Fraud Act No one has been charged with an offence. Hope, who was at his flat in east London's Docklands with friends and family, refused to comment on the reports of his arrest.

I don't want to comment on anything. In the same week, Hope financed the inaugural Fast Growth Entrepreneurs Club networking event at the Westbury Gallery in Mayfair, London.

The London Stock Exchange authorised the use of its name as a sponsor of the event, attended by about 60 entrepreneurs and investors, but is understood not to have provided funding. In a video interview at the event, featured on Hope's blog, he said: Hope said he studied sports science at university and was barred from switching to economics because he did not have an A-level in maths. Undeterred, he taught himself.

forex trader house

Hope has created his own YouTube showreel in which he says: And I feel I have got a lot of good opinions of the markets which you don't hear from people my age. He featured prominently in a sponsored supplement about spread-betting in the Daily Telegraph last May. Certainly not me," he told the paper. He claims to have briefly worked "as an FX and commodity trader" for the Forex Academy, a Slough-based website that provides courses in currency trading. Last year, he said he had taught "nearly " of his friends the elements of currency trading.

Several companies have been aggressively advertising foreign exchange trading books and courses in recent years, making bold claims about the opportunities on offer in some of the most high-risk financial markets.

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Offering tuition for a fee, rather than managing other peoples money, is not an activity regulated by the FSA. On Tuesday, regulators and City of London police officers searched an address in east London "in connection with an investigation into a suspected unauthorised foreign exchange trading scheme.

Hope last year set up a company called Short Sterling Limited. He and the company's registrars, Caterham-based AML Benson, are the only directors and no accounts have been filed. He gives his address as a block of flats close to the ExCel Centre by Victoria Dock in east London.

According to Land Registry filings, he is not the owner of the lease on that flat.

forex trader house

There is only one Alexander Hope on the FSA's authorised persons register — a year-old independent financial adviser in Gloucester, with no connection to the Hope believed to be at the centre of the FSA's inquiries. It is not illegal to deal on the foreign exchange markets without FSA authorisation.

CurrencyHouse

However, there are circumstances where traders investing other people's funds are required to be registered with and overseen by the regulator. In a recent interview , Hope said: Asked for his top tip for investors hoping to make the most out of currency trading, he said: International edition switch to the UK edition switch to the US edition switch to the Australia edition.

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The Guardian - Back to home. Financial Services Authority FSA. Alex Hope, self-proclaimed currency trading 'expert', arrested by City regulators investigating suspected unauthorised trading. This article is 5 years old.

Topics Financial Services Authority FSA. Regulators Financial sector news. The Guardian back to top.

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