Bulgaria’s Financial Supervision Commission is warning investors that UTMarkets, a brokerage network that has relationship managers for holders of premium accounts, is not registered to operate in the country.

The regulator’s website does not mention the firm, but Finance Magnates reports that it finds the company to be ‘suspicious,’ listing its website url as http://www.utmarkets com. It also, according to the publication, says that UTMarkets operates several brands including CFD Global Ltd, STP Marketing Ltd and T-Marketing Ltd, which are also providing financial services or products without a regulatory licence. It apparently claims to offer electronic communication network access to the foreign exchange market.

UT markets’ standard account regime (dealing in amounts of $100-2,499) does not deploy relationship managers and dedicated service teams but its classic account and premium account regimes ($2,500-9,999 and $10,000+) do. The premium regime also guarantees an SMS service to HNW clients. The trading platforms are Web, Android and Apple.