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The UK Financial Conduct Authority Has Issued A Warning To 14 Unlicensed Forex Brokers
Abstract:Forex fraudsters pretend to be regulated to capture traders' faith. This is a rather common technique. When trading forex, it is essential to examine the regulators' registries.

Forex fraudsters pretend to be regulated to capture traders' faith. This is a rather common technique. When trading forex, it is essential to examine the regulators' registries.
To safeguard investors' assets, financial authorities such as the UK FCA keep their blacklists updated, exposing fraudsters' claims.
The UK FCA has issued warnings to 14 unauthorized forex brokers for engaging in regulated operations in the UK without authorization. The following is a list:
1. Fundrise Global
Address: 56 Hillfield Park, Winchmore Hill, London, United Kingdom, N21 3QJ
12 Kings Weston Ln., Avonmouth, Bristol, United Kingdom, BS01 8ZA
Email: admin@fundrise-globalinvest.com
Website: https://fundrise-globalinvest.com/


2. MarketFXM
Address: 27 Old Gloucester Street, London, United Kingdom, WC1N 3AX
Telephone: +442039893325
Email: support@marketfxm.com
Website: www.marketfxm.com


3. Winnex Primemarkets Online (Winnex Prime Markets)
Address: 87-135, Brompton Road, Eltham, London
Website: www.winnex-primemarkets.online


4. Ultra Cryptocoin FX / Ultra CryptoFX
Address: 375 Hudson Street, 16th Floor, New York, United States of America, NY 10014
Telephone: +447576791252
Email: support@explicit-miningfx.com
Website: https://ultracryptocoinfx.com/
Other Information: Potential names: Ultra Cryptocoin FX or Ultra CryptoFX


5. Varliant FX
Address: United States of America
Email: support@varliantfx.com
Website: www.varliantfx.com


6. Trust-financial-planning.com (Clone of FCA Authorised Firm)
Telephone: +442070971074, +79311060374, +442080979430, +442080970999, +447716540168
Email: support@tfp.com,
support@trust-financial-plannings.net,
support@trust-financial-plannings.net,
support@trust-financial-planning.com
Website: www.trust-financial-planning.com, www.trustfinancial-planning.com, www.trust-financial-plannings.com, www.trust-financial-planing.com


7. Calcux FX/Calcux FX Global
Address: 44 West St. Boston, Lincolnshire, PE21 8QR
Email: support@calcuxfxglobal.com
Website: www.calcuxfxglobal.com


8. BBanc
Address: First Floor, First St. Vincent Ltd. Building, James Street, Kingstown, St. Vincent and the Grenadines
Telephone: 02037638446
Email: support@bbanc.com
Website: www.bbanc.com


9. The Street FX
Address: 46 George Street, London, United Kingdom
Telephone: 02079460944
Email: info@thestreetfx.com
Website: www.thestreetfx.com


10. Horizon Crypto Limited
Address: 10 South Wacker Drive, Suite 2550, Chicago, United States of America, IL 60606
Email: support@horizoncrypto.ltd
Website: https://horizoncrypto.ltd/
11. Crex247/Crex247 Binary Trading (UK) LTD
Address: 204 Glen View Lane, Radford, Virginia, United States of America
Email: info@crex247binaryfxtrading.com
Website: https://crex247binaryfxtrading.com/


12. ForteCapitalInvest
Email: support@fortecapitalinvest.com,
payments@fortecapitalinvest.com
Website: https://fortecapitalinvest.com/
13. ICG24
Address: 1 Canada Square, London, England, United Kingdom, E14 5AB
Leningradskiy prospect 39, Moscow, Russia, 125167
Telephone: +441308342001
Email: icg24limited@gmail.com
Website: https://icg24.com/


14. SmartFXCapitals
Address: Coffeyville, Massachusetts, United States of America
Parkland, Louisville, United States of America, KY 40211
Email: support@smartfxcapitals.com
Website: https://Smartfxcapitals.com


These businesses are offering financial services or products in the UK without the permission of the UK FCA. That means you won't be covered by the Financial Services Compensation Scheme (FSCS), and you'll be hard-pressed to get your money back if anything goes wrong.
How to avoid dealing with unlicensed brokers
Check to see whether a broker is regulated before investing. This is one of the most crucial aspects of a Forex broker. WikiFX App can give you all the information you want, from licenses to regulatory paperwork. Don't get drawn in by trading possibilities since most fraudsters have the finest trading prospects you'll ever have. Once you're committed, they'll start giving you arguments and follow-ups to get you defrauded.
When investing, the first thing you should do is check the licensing of the broker with whom you want to trade.
Stay tuned for more regulatory news.
Download the WikiFX App from the App Store or Google Play Store.

Disclaimer:
The views in this article only represent the author's personal views, and do not constitute investment advice on this platform. This platform does not guarantee the accuracy, completeness and timeliness of the information in the article, and will not be liable for any loss caused by the use of or reliance on the information in the article.
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