The Australian regulator of financial services is looking into licensing issues relating to Fulham’s new sponsor partner, Titan Capital Markets, and the firm’s website has been blocked to view from the UK and US.
Fulham’s Supporters’ Trust has called for greater due diligence around the signing of future deals in light of the Titan partnership but has seen its request to be represented on an ethics committee rejected.
Fulham and Titan Capital Markets, an Australian-based trading company, announced in September that they had reached an agreement to be their Contracts for Differences (CFD) trading partners for the rest of the 2022-23 season.
A CFD trading firm speculates on the underlying price of an asset — such as shares, commodities or foreign exchange markets.
Titan Capital Markets states on its website that it is an “integrated, educational, financial group”, combining financial education courses and trading programmes from which they take a commission.
There are a number of concerns about the company. These include potential breaches of licences under which it operates and misleading claims about its licensing status. On Thursday, the company’s website was blocked to viewers in the UK, the US and Australia.
Fulham’s press release marking the deal stated Titan Capital Markets’ official charity, the Titan Foundation, will cooperate with the Fulham Football Club Foundation, the club’s charitable arm, to provide support for underserved children and families in education, health and human services.
It is unclear how this will actually happen in practice. An Instagram post for the Titan Foundation appeared only on October 6 after The Athletic asked about the charity and there is no reference to them on the company’s website.
