Dear customer,We regret to inform you that Fixi Plc has agreed to cease offering clients the ability to trade FX or any other product that we have been providing.
Following consultation with the FCA and professional advisers, on 20 December 2018 Fixi Plc (Fixi) applied to the FCA for a number of requirements to be imposed on Fixi and its business. Following this application, the FCA placed these requirements on Fixi's permission (which is available for inspection on the Financial Services Register) . These requirements include a requirement that Fixi:
Cease regulated activities
1) Fixi (whether directly or through its agents or appointed representatives) must not conduct any regulated activities except with the Authority's prior written consent or in order to undertake actions necessary to comply with requirements 2) to 3) below.
2) Fixi must immediately, and in any event by no later than 28 December 2018, close all open trading positions held by it, whether on its own account or on account of its clients and require any monies held by third parties in connection with Fixi's trading activities, to be returned to Fixi.
3) Fixi must continue to hold all client money segregated for clients pursuant to the client money rules and hold cash representing any monies due to clients who contract with the firm pursuant to title transfer collateral arrangements. Fixi must not, without the prior written consent of the Authority, make payments of any of the monies representing these balances to clients.
We are very sorry for any inconvenience this might cause you. Fixi would like to express our thanks for your past support and wish you all the best for the future. Should you have any questions please do not hesitate to call us on (02035106100), email email@example.com or reach us on the chat available on the website. Existing Fixi customers will be receiving further direct communications via their registered email addresses.