Hmmmm.... there are four Ian Dickinson's on the FSA register. None seem to have a profile that fits with Forex dealer based in FonSea either currently or in the past.
So was he operating without FSA authorisation ??
Of course FSA approval is no way a guarantee of financial success but why would people give their money over to someone without even that basic legal requirement. ?
When people are told they can make 10% a month they are blinded by greed and rarely do any background checks. Just look at how many people fall for boiler room scams even when they are already on the FSA warning list. I met quite a few people who had been defrauded by boiler rooms and most of them would argue that they hadn't been ripped off and that everything would be OK in the end despite warnings by the FSA and the press etc. The promise of quick money with zero effort really distorts people's thinking, even normally sensible and reasonable people fall for these things quite easily.