Spot FX is not a financial product regulated in the United Kingdom by the UK Financial Conduct Authority (FCA) and as a result, given as this is the only activity undertaken by LT93, we are NOT authorised and regulated by the FCA.
LT93 does not and will not hold any client money. Instead, money received from LT93’s clients is held in a client account at ADS Securities London Limited (ADS Securities), which is authorised and regulated by the FCA and has authority to hold client money (FCA Firm Reference Number: 577453). LT93 merely has a power of attorney (discretion) to trade a cash account held by customers at ADS Securities. Consequently, from a regulatory perspective, LT93 is a money manager and adviser on Spot FX trades conducted through ADS Securities.
Nonetheless, we commit to comply with the requirements regardless of our regulatory status, and our reporting will be conducted in accordance with FCA requirements. We will also publish all relevant data on a third party verification site (MyFXBook.com) to further provide independent results.