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Five Unauthorised Brokers Warned by the FCA
Abstract：UK’s watchdog, the Financial Conduct Authority (FCA), recently issued a fraud alert against brokers who are operating without a license but still offering financial services. The FCA has identified these scam brokers and is warning the public not to engage with them. Check out the names of those brokers below.
UKs watchdog, the Financial Conduct Authority (FCA), recently issued a fraud alert against brokers who are operating without a license but still offering financial services. The FCA has identified these scam brokers and is warning the public not to engage with them under any circumstances. Check out the names of those brokers below.
Unauthorised firm details
Name: TOKENHEDG
Address: 700 Brazos st Austin Texas, Austin, United States, 78701
Email: support@tokenhedg.com
Website: www.tokenhedg.com
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Name: InvestarioX
Website: www.investariox.net
-----------------------------------------------------------------------------------------------------------------
Name: GenixWeb
Address: 124 City Road, London, United Kingdom, EC1V 2NX
Email: admin@genixwebltd.com
Website: www.genixwebltd.com
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Name: Trade 350 App
Website: www.trade350app.net
------------------------------------------------------------------------------------------------------------------------
Name: bgc-brokers-lp.com (Clone of FCA authorised firm)
Telephone: +971521045342, +447731899784
Email: support@bgc-brokers-lp.com
Website: https://bgc-brokers-lp.com/en/
-----------------------------------------------------------------------------------------------------------------------------
Why FCA Warning Matters?
An FCA (Financial Conduct Authority) warning is a serious alert that a broker or financial service is operating without proper authorization in the UK. The FCA is one of the worlds most respected financial regulators, and its role is to protect investors from fraud, scams, and unethical practices.
If a broker receives an FCA warning, it means:
1. The broker is not licensed or regulated by the FCA.
2. It is not allowed to offer financial services in the UK.
3. Your funds are not protected under UK financial laws.
4. You have no legal recourse if the broker disappears or refuses withdrawals.
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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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