Westcott Financial Limited, operating through westcottfl.com, presents itself as a secure online platform for trading cryptocurrencies, forex, stocks and other financial instruments. Its website also claims membership in major US financial organisations and regulation by authorities in Cyprus and the United States.
A UK company with the exact name Westcott Financial Limited does exist. However, registration with Companies House does not prove that the company is authorised to operate a brokerage platform, and the broad regulatory claims published on westcottfl.com could not be confirmed from the relevant official registers.
What does Westcott Financial Limited offer?
The website invites users to create trading accounts and provides a registration form requesting their name, email address, telephone number and country. Its marketing describes the service as a safe platform for trading:
- cryptocurrencies;
- forex;
- stocks;
- other financial instruments.
The accessible pages do not provide enough detail to independently establish where orders are executed, which institutions hold client funds or whether customers trade on external markets rather than solely within an internal platform.
A real UK company exists
Companies House records confirm that WESTCOTT FINANCIAL LIMITED, company number 12450486, was incorporated on 7 February 2020. Its registered office is:
Flat 2, 1 Lansdowne Gardens, London, England, SW8 2EQ.
The company is currently listed as active, and its declared business activity is financial intermediation not elsewhere classified.
The record identifies Paul William Westcott as the person with significant control, holding at least 75% of the company’s shares and voting rights.
This confirms that the legal entity exists, but Companies House explicitly notes that it does not verify the accuracy of information filed by companies. More importantly, incorporation is not equivalent to permission from the Financial Conduct Authority to offer investments, brokerage or leveraged trading services.
Previous strike-off proceedings
The company’s filing history shows several compulsory strike-off notices. Proceedings were started and later discontinued in 2021, 2022 and 2024. The company subsequently filed micro-company accounts, and its current Companies House status remains active.
These historical notices do not prove that the company is currently inactive. They are nevertheless relevant when assessing its administrative record and should be considered alongside the much broader financial activities promoted on westcottfl.com.
Claims of regulation and membership
The contact page states that Westcott Financial Limited is a member of:
- the New York Stock Exchange;
- FINRA;
- the Securities Investor Protection Corporation.
It also claims regulation by:
- the Cyprus Securities and Exchange Commission;
- the US Commodity Futures Trading Commission.
These are unusually broad claims. Membership of the NYSE, FINRA and SIPC would normally be traceable to a specific US-registered brokerage entity. CySEC authorisation would likewise require a Cyprus Investment Firm licence and an official register entry identifying the authorised company and its approved domain.
No matching official authorisation for Westcott Financial Limited or westcottfl.com was identified during this review. Searches of the FCA register produced similarly named but different businesses, including Westcott Financial Management and Thomas Westcott Financial Management. Those records do not establish authorisation for the company or website reviewed here.
Company registration is not a brokerage licence
The Companies House classification “financial intermediation not elsewhere classified” is only a business activity code. It does not confirm that the company may:
- hold retail client deposits;
- offer forex or CFD trading;
- manage investment portfolios;
- provide securities dealing;
- solicit cryptocurrency investments.
Before depositing, clients should request the exact FCA Firm Reference Number, CySEC licence number, FINRA Central Registration Depository number and CFTC or NFA registration details.
Each record should display the same legal name, address, telephone number and website. A general statement on the company’s own contact page is not sufficient.
Limited financial information
Westcott Financial Limited files as a micro-company. Its filing history includes micro-company accounts rather than the detailed audited financial statements normally expected from a large international broker claiming membership in several major financial institutions.
Micro-company status is not inherently problematic. However, prospective clients should ask how a relatively small UK entity supports the scale of trading, custody and regulatory relationships implied by its website.
Withdrawal concerns
The public pages reviewed do not provide enough independently verifiable information about:
- withdrawal-processing periods;
- applicable fees;
- bonus restrictions;
- client-money segregation;
- complaints procedures;
- compensation arrangements.
Users should exercise particular caution if a withdrawal request leads to a demand for an additional payment described as:
- tax;
- account insurance;
- AML verification;
- a liquidity fee;
- wallet activation;
- release commission;
- financial-partner assistance;
- another deposit to confirm the transaction.
Legitimate fees should be disclosed before funds are accepted. An account balance displayed on a private platform does not independently prove that corresponding funds exist or are held in a regulated client account.
Key findings
This review identified several important points:
- Westcott Financial Limited is an active UK-registered company;
- it was incorporated in February 2020;
- its filing history includes several discontinued compulsory strike-off proceedings;
- the website offers forex, cryptocurrency and stock trading;
- it claims NYSE, FINRA and SIPC membership;
- it also claims regulation by CySEC and the CFTC;
- no matching official financial authorisation for westcottfl.com was verified;
- FCA results for similarly named companies concern separate entities;
- the public website does not provide sufficient evidence of client-money protection or external trade execution.
Final assessment
Westcott Financial Limited should be approached with considerable caution.
Unlike many anonymous trading websites, there is a real UK company with the same name. That fact alone, however, does not confirm that westcottfl.com is a licensed brokerage platform.
The website makes extensive regulatory and institutional claims but does not provide the precise licence and registration numbers needed to verify them. Until Westcott Financial Limited demonstrates that the exact domain is authorised by the relevant regulators, cooperation with the platform cannot be recommended.
What to do if you already deposited
If you have already transferred money through westcottfl.com:
- request withdrawal of the complete balance in writing;
- save screenshots of your account, trades and withdrawal requests;
- preserve emails, chats and telephone records;
- retain bank receipts and cryptocurrency transaction hashes;
- record the name of every payment recipient;
- request the company’s exact regulatory numbers;
- contact your bank, card issuer or cryptocurrency exchange promptly;
- remove remote-access software installed at a representative’s request;
- do not send additional money to release an existing balance.
You can also submit your complaint here and get to know how to get money back: https://ob-man.com/en/quizle/66965abf8c5dc-3/
