The UAE’s securities regulator has warned investors not to make any deals with, a website that offers services regarding financial products and managing hundreds of thousands of dollars for Asian investors even though it is not licensed to engage in such financial transactions.

The Securities and Commodities Authority (SCA) issued a warning on Wednesday directed at investors against dealing with the website and any services it offers since it is an unregulated British company that has attracted investors from countries across Asia and the Gulf.

“The (UAE) authority warns investors against dealing with that website ( and any services it is offering regarding financial products and investment portfolios,” the Emirates Securities & Commodities Authority said in a statement.