On , the Financial Conduct Authority issued a warning regarding Polarity Index / Polarity Index Wealth Management
In its notification, the FCA said "We believe this firm has been providing financial services or products in the UK without our authorisation. Find out why to be especially wary of dealing with this unauthorised firm and how to protect yourself from scammers.".
The FCA went on to note that
Almost all firms and individuals offering, promoting or selling financial services or products in the UK have to be authorised by us.
However, some firms act without our authorisation and some knowingly run investment scams.
Polarity Index is not authorised by us and is targeting people in the UK to invest in binary options and other investment products. Based upon information we hold, we believe it is carrying on regulated activities which require authorisation.
The marketing and sale of binary options to retail consumers is now banned. If you are offered binary options, it is probably a scam. Please see our Scamsmart page on Binary Options.