Gain Capital UK Limited

Reference number: 113942

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Scammers have impersonated this firm. The FCA has published 9 warnings naming the fake phone numbers, emails and websites they used. See the warnings →

Authorisation being cancelled

This firm has asked the FCA to cancel its authorisation. It is still in force until the FCA processes the application, so existing business keeps its protection, but its regulated work is winding down.

Website, phone number and address

Compare these against whatever you were given. Scammers clone real firm names and reference numbers but use their own phone number and website, so a detail that does not match the register is the clearest warning sign there is.

In the full report: 3 background checks

  • When stonex.com first appeared online, and whether it can receive email
  • What kind of line 020 3580 6000 is, and the 2 other firms that give it
  • Who else gives the postcode EC2Y 5ET
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Other names (118)

If you were contacted under any of these names, it is this firm.

  • City Index Limited Former name
  • Actiorcfds Former trading name
  • Ample CFDs Former trading name
  • Ascension CFDs Former trading name
  • AXG CFDs Former trading name
  • Barclays Advisory CFDs Former trading name
  • Barclays CFDs Former trading name
  • Barclays CFDs and Financial Spread Trading Former trading name
  • Barclays CFDs and FST Former trading name
  • Barclays Financial Spread Trading Former trading name
  • Barclays Stockbrokers Advisory CFDs Former trading name
  • Barclays Stockbrokers CFDs Former trading name
  • Barclays Stockbrokers CFDs and Financial Spread Trading Former trading name
  • Barclays Stockbrokers CFDs and FST Former trading name
  • Barclays Stockbrokers CFDs and FSTs Former trading name
  • Barclays Stockbrokers Financial Spreads Former trading name
  • Barclays Stockbrokers Financial Spread Trading Former trading name
  • Barclays Wealth CFDs Former trading name
  • Blue Index CFDS Former trading name
  • BS CFDs Former trading name
  • Cannon Bridge CFDs Former trading name
  • Catalyst CFDs Former trading name
  • Charles Stanley Fastrade Financial Spreads Former trading name
  • Charles Stanley Financial Spreads Former trading name
  • CIL Former trading name
  • City Index Former trading name
  • City Index Incorporating FX Solutions Former trading name
  • Client Corporate Services Former trading name
  • CREDO CFDs Former trading name
  • Credo Spread Betting Former trading name
  • Davy Direct CFDs Former trading name
  • Davy Direct Financial Spread Trading Former trading name
  • DSL Derivatives Former trading name
  • Easy2spreadbet Former trading name
  • Easybroker CFDs Former trading name
  • Eden Financial Derivative Trading Former trading name
  • Eurospreads Former trading name
  • Eurospreads CFD Former trading name
  • Eurospreads CFD and spread trading Former trading name
  • Eurospreads CFD en spread trading Former trading name
  • Eurospreads spread trading Former trading name
  • Fastrade Financial Spreads Former trading name
  • Fast Trade Financial Spreads Former trading name
  • Finspreads Former trading name
  • FinspreadsCFD Former trading name
  • Forex.com Former trading name
  • Forex.com UK Former trading name
  • FXSolutions UK Former trading name
  • Gain Capital Former trading name
  • Gain GTX Former trading name
  • Gain GTX Direct Former trading name
  • Galvan Derivative Trading Former trading name
  • GetGo Trade Former trading name
  • GTS Former trading name
  • GTS Trader Former trading name
  • GTX Direct Former trading name
  • Halifax CFDs Former trading name
  • Halifax CFDs and Spread Trading Former trading name
  • Halifax Spread Trading Former trading name
  • Hargreaves Lansdown CFDs Former trading name
  • Hargreaves Lansdown CFD Trading Service Former trading name
  • Hargreaves Lansdown Spread Betting Former trading name
  • Hargreaves Lansdown Spreads Former trading name
  • Hichens Trader Former trading name
  • HL CFDs Former trading name
  • HL CFD Trading Service Former trading name
  • Hoodless Brennan CFDs Former trading name
  • Hoodless Brennan Spreadbetting Former trading name
  • IdB CFDs Former trading name
  • IdB Derivatives Former trading name
  • IdB Spread Trading Former trading name
  • IFX Former trading name
  • IFX Direct Former trading name
  • IFX Markets Former trading name
  • Impeo Markets Former trading name
  • Interactive Investor CFD's Former trading name
  • Interactive Investor Derivatives Former trading name
  • Interactive Investor Derivative Trading Former trading name
  • Interactive Investor Spread Betting Former trading name
  • Interactive Markets Former trading name
  • Iweb CFDs Former trading name
  • IWeb CFDs and Spread Trading Former trading name
  • IWEB Pro Former trading name
  • IWEB Spreads Former trading name
  • IWeb Spread Trading Former trading name
  • Kilik & Co Spreads Former trading name
  • Killik & Co Trading Services (Spreads) Former trading name
  • Luke Securities CFDs Former trading name
  • Luke Securities Spread Betting Former trading name
  • Margin Trader Former trading name
  • Merrion Capital CFDs Former trading name
  • Merrion Stockbrokers CFDs Former trading name
  • Mint CFDs Former trading name
  • Mint CFDs and Mint Spreadbetting Former trading name
  • Mint Spreadbetting Former trading name
  • PartyMarkets Former trading name
  • PartyMarkets.com Former trading name
  • PORT CFDs Former trading name
  • PORT International Inc Former trading name
  • Pritchard Stockbrokers CFDs Former trading name
  • Redmayne Bentley CFDs Former trading name
  • Rowan Dartington Financial Markets Former trading name
  • Rowan Dartington Financial Products Former trading name
  • SALT Trading Former trading name
  • Selftrade CFDs Former trading name
  • Selftrade CFDs and Spread Betting Former trading name
  • Selftrade Spread Betting Former trading name
  • SharePrice Markets Former trading name
  • Sharewatch CFDs Former trading name
  • Shark Trading Former trading name
  • SVS Markets Former trading name
  • Swiss eTrade Markets Former trading name
  • TBD Markets Former trading name
  • TD Waterhouse CFDs Former trading name
  • TD Waterhouse Financial Spread Betting Former trading name
  • Tradefair Former trading name
  • Tradefair Financials Former trading name
  • TwoWayTrade CFDs Former trading name

Warning

Scammers have impersonated this firm

Fraudsters have used this firm's name or details with their own contact information to appear genuine. Check whatever you were given below, and against the firm's real details above.

Fake phone numbers (9)
  • 020315002508
  • +1 213 459 0985
  • 555-183-726
  • 020 3289 8298
  • 05501 07790
  • 07365 368808
  • 07537 130103
  • 07901 250427
  • 07940 997835
Fake email addresses (11)
  • admin@ctindexforex.com
  • contact@fxstockoption360.com
  • contact@sharklenders.uk
  • davidflintacc@yahoo.com
  • dylanross@blockchainrecovery.co
  • info@jslinkglobal.com
  • marina.bexter@goldfxtrading.com
  • support@desfxtrade.com
  • support@q8trade-fx.com
  • suppport@ctindexforex.com
  • watkinsonlayla@yahoo.co.uk
Fake websites (7)
  • ctindexforex.com
  • desfxtrade.com
  • fxstockoption360.com
  • jslinkglobal.com
  • q8trade-fx.com
  • sharklenders.uk
  • web.goldfxtrading.com
The 9 FCA warnings these came from

Scammers change these details often. Always check the live FCA warning.

FCA permissions and consumer protection

  • Manage or trade investments FSCS may apply
    Eligible investment and pension claims are typically FSCS-protected up to £85,000 per person, depending on the product and your circumstances.
  • Complaints Ombudsman, free
    You can refer a complaint about this firm to the Financial Ombudsman Service for free, whichever activity it relates to.
Show FCA detail (4 permissions)
  • Arranging (bringing about) deals in investments
  • Dealing in investments as agent
  • Dealing in investments as principal
  • Making arrangements with a view to transactions in investments

FCA disciplinary action

FCA action

fines
2
in fines
£525k
most recent
January 2011
  • Fined £490,000 on 20 January 2011
    On 20 January 2011 the FSA imposed a financial penalty of £490,000 on City Index Limited in respect of breaches of FSA rules set out in chapter SUP 17 of the FSA Handbook and breaches of Principles 2 and 3 of the FSA's Principles for Businesses which occurred between 5 November 2007 and 21 September 2009 (the Relevant Period). In breach of SUP 17 City Index failed to submit accurate transaction reports in respect of nearly 60% of its reportable transactions, in that it failed to report approximately 55,000 transactions and it reported approximately 1,970,000 transactions with one or more data fields completed improperly. City Index also breached Principle 2 by failing to conduct its business with due skill, care and diligence through failing to identify fundamental errors in its transaction reporting process upon the implementation of a new trading platform, and Principle 3 by failing to take reasonable care to organise and control its affairs responsibly and effectively in relation to transaction reporting, in that throughout the Relevant Period, it failed to have in place adequate transaction reporting processes and procedures to ensure that it was fully compliant with requirements under SUP 17.
  • Fined £35,000 on 23 March 2005
    The Financial Services Authority (FSA) has fined City Index Ltd £35,000 for producing misleading financial promotions for spread betting and contracts for differences (CFDs) between September and November 2003. The firm has also been fined for failures in its systems and controls that allowed the promotions to be distributed. City Index communicated financial promotions to the general public through daily national newspapers, magazines and on carrier bags used by selected sandwich shops. This promotional strategy had the potential to attract customers to high risk investments without adequately describing in the promotions the commitment required and the risks involved with spread betting and CFDs. Spread bets and CFDs are both high risk investment activities as, if the position moves against the customer, he or she can rapidly incur liabilities far in excess of the initial stake. It is therefore important that financial promotions disclose that a customer's liability may exceed the customer's initial deposit (or margin) in a clear, simple and prominent manner so that potential customers fully understand the risk they are taking on. In failing to do this, City Index produced financial promotions which did not contain an adequate description of the commitment required and the risks involved with spread bets and CFDs (namely the fact that a customer may be committed to place more money with the firm in order to meet the commitment incurred through a spread bet). In addition in some cases where financial promotions did contain such warnings this was not prominent enough. The FSA also found that a financial promotion communicated on carrier bags did not include a fair description of the nature of an investment offered by City Index. That promotion referred to a free £25 bet. The bet was not free because of a requirement that a potential customer had first to place an initial spread bet through City Index in order to become entitled to the free bet. The customer could lose all, and potentially much more, of the customer's initial spread bet before becoming entitled to the free bet. In addition the FSA found that City Index failed to maintain effective systems and controls for ensuring compliance with FSA rules and principles relating to the communication of financial promotions. This included a financial promotion which could have created confusion in the market place between City Index and one of its competitors. Anna Bradley, Director of the FSA's Retail Themes Division, said: Providing clear, fair and not misleading financial promotions is a key priority for the FSA because of the potential impact that misleading promotions can have on consumers. Potential customers must be able to discern the key risks of an investment as well as its benefits. This is particularly the case in relation to high risk activities such as spread betting where there is a risk that a customer could lose substantially more than his original deposit. It is crucial that all firms ensure they establish and maintain rigorous and effective procedures for approving financial promotions. As part of our commitment to assist the industry we have produced a publication outlining for firms our approach to regulating financial promotions, some key issues and our next steps. We have also included on the FSA website some pages on financial promotions which will provide further assistance for firms. However, firms must remember that it remains their responsibility to produce balanced, unambiguous promotions that help consumers to make the right choice about the right product at the right time. The FSA's Financial Promotions Department was set up last year to increase the monitoring and detection of financial promotions that breach regulations. Since the Department was set up, the FSA has also taken action in financial promotions cases involving AXA Sun-Life, Cantor Index (which also related to spread betting), Hemscott Investment Analysis Ltd, and Highbury Financial Services Limited. Anyone who sees a financial promotion they think is misleading should report it to the FSA either through the FSA's website or through the financial promotions hotline on 0845 730 0168.

The Financial Ombudsman Service only publishes complaint figures for firms with 30 or more new complaints in six months, so there are none here for this firm.

Companies House record

The company behind the firm: its status, age, registered office and directors.

Company number
01761813
Company status
Active
Company type
Private limited company
Incorporated
17 October 1983 (43 years old)
Registered office
First Floor Moor House, 120 London Wall, London, EC2Y 5ET, England
Nature of business
  • Financial intermediation not elsewhere classified (SIC 64999)

Directors and company secretaries

Name Role Born Appointed Other companies
Diego Andres Rotsztain Director Mar 1970 14 Oct 2015 4 other companies
Alastair Michael Hine Director Oct 1974 16 Mar 2018 None
Diego Andres Rotsztain Secretary Not published 17 Nov 2015 –

Other companies run by these 2 directors

A firm is run by people, and their other companies are their track record: what they built, what closed, and anything that failed. It is the check most people never think to make.

other companies
4
closed down
2
is FCA-registered
1

In the full report: all 4 companies, named

  • What each company does, and whether it is still trading
  • Which of these 2 directors sit on each board, and since when
  • Any that went into liquidation or administration
  • The one on the FCA register
  • All 43 people who have ever been directors, with their dates
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Filed accounts and finances

Year to 30 September 2024Full accountsNot audited

Turnover

£0

No earlier figure to compare

Profit before tax

£126

No earlier figure to compare

Net assets

£16.1k

No earlier figure to compare

Cash at bank

£3,332

No earlier figure to compare

About these figures
Turnover
Money taken from sales in the year, before any costs.
Profit before tax
What was left after the year’s costs, before corporation tax. A minus figure is a loss.
Net assets, or total equity
Everything the company owns minus everything it owes. A minus figure means it owes more than it owns.
Total assets and total liabilities
Everything the company owns, and everything it owes, on the last day of the year. The gap between them is its net assets.
Cash at bank
Money in the company’s accounts on the last day of the year.
Owed within a year, owed after a year
Debts and bills due in the next twelve months, and those due later.

Accounts filed at Companies House for company 01761813. Every figure is as filed, apart from total assets and total liabilities, which are added up from filed figures. Nothing is estimated.

Key dates in its history

Gain Capital UK’s history from the FCA register and Companies House, newest first.

Key events (10) All events (341)

2017

5 January 2017

  • FCA warned the public about a scam impersonating this firm

FCA warning list

2016

6 April 2016

  • Gain Capital Holdings Ltd took control (75–100% of shares)

Companies House

2015

1 June 2015

  • Changed its registered name from "City Index Limited"

FCA register

2013

1 April 2013

  • Regulated by the FCA from this date

FCA register

2011

20 January 2011

  • Fined £490,000 by the FCA

FCA register

2005

23 March 2005

  • Fined £35,000 by the FCA

FCA register

2001

1 December 2001

  • Regulated by the Financial Services Authority from this date
  • Applied to cancel its FCA authorisation

FCA register

1989

22 March 1989

  • Regulated by the Securities and Futures Authority from this date

FCA register

1983

17 October 1983

  • Incorporated at Companies House

Companies House

In the full report: all 341 events

  • All 341 events in its history (10 shown here)
  • Every director appointment and resignation: 85
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Firms connected to Gain Capital UK

Other FCA-listed firms that share a director, phone number or address with Gain Capital UK. A link shows who the firm is tied to, not whether either can be trusted.

connected firms
2
share a director
1
share its phone number
2

In the full report: all 2 connected firms, named

  • How each is linked: shared directors (1), the same phone number (2), the same postcode (2)
  • Who links each one: the named directors, with dates
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Get the full report on Gain Capital UK

Everything on this page, plus everything locked above, in one dated PDF you can keep, file or send on.

  • 4 other companies its directors have run, named
  • 3 background checks on its contact details
  • All 341 events in its history
  • 2 connected firms, named, and who links them

Instant PDF One-off payment Secure checkout by Stripe

Frequently asked questions about this firm

Is Gain Capital UK Limited FCA authorised?
Gain Capital UK Limited (FRN 113942) is on the FCA register, but its authorisation is changing (authorisation being cancelled). Check the register before dealing with it.
What is Gain Capital UK’s phone number and website?
The FCA register lists the phone number 020 3580 6000 and the website stonex.com for Gain Capital UK. If you were given different contact details, use these to check with the firm before going any further. The same number is also given by 2 other FCA firms.
Is Gain Capital UK a scam or clone?
Scammers have impersonated Gain Capital UK: the FCA has published 9 warnings about fake versions of it, using contact details that are not the firm's. Only trust the details the FCA register gives for Gain Capital UK, shown on this page.
Is my money safe with Gain Capital UK?
It depends on the product, but eligible claims may be protected by the FSCS. You can also refer complaints about Gain Capital UK to the Financial Ombudsman Service, free of charge.
Who owns Gain Capital UK?
Gain Capital UK is owned by Gain Capital Holdings Ltd, which holds 75–100% of shares, 75–100% of votes and can appoint and remove the board, since 6 April 2016.
Who runs Gain Capital UK?
Companies House lists 2 directors of Gain Capital UK: Diego Andres Rotsztain and Alastair Michael Hine.
How long has Gain Capital UK been in business?
The company was formed on 17 October 1983.
What do Gain Capital UK’s latest accounts show?
Its latest accounts, to 30 September 2024, show turnover of £0 (no earlier figure to compare) and profit before tax of £126 (no earlier figure to compare).
Has the FCA taken action against Gain Capital UK?
Yes. The FCA register records 2 fines between 2005 and 2011, £525,000 in total. The details are in the disciplinary section above, with links to the FCA's notices.
Does Gain Capital UK use any other names?
It has previously used 118 other names, including City Index Limited, Actiorcfds and Ample CFDs.

Sources and links

The full report on Gain Capital UK Limited

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