The UK Financial Conduct Authority Has Issued A Warning To 14 Unlicensed Forex Brokers

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.

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