FCA released list of "fraudulent brokers"

FCA has released the list of fraudulent brokers present in the forex market, which are not trustworthy. This list contains SCALP FX TRADES, Equity Fxte, AnAnalytica Trading, mega-capitals.ltd, Assetxchange-investment, Edge Teams Power, PRO EDGE POWERS VIEW, Goliath Cypto Bank / Emcro Worldwide Payments.

FCA has advised all investors and traders involved in the forex market to be safe from these mentioned brokers. The FCA claimed that these brokers are not authorized and are providing financial services to people in the UK. FCA stated that none of these brokers are statutory. If users choose to invest in these brokers, they are not safe. Such warnings by reputed entities like FCA are enough to show that all these brokers are nothing more than scams. If you want your valuable money to be safe, then choose authorized and licensed brokers only. Such brokers provide you excellent customer service and follow all the rules and regulations which fall under Forex market.

The Financial Conduct Authority (FCA) is a regulatory body in the UK that oversees financial markets and protects consumers. It was established in 2013. The FCA's main responsibilities include ensuring that financial firms operate with integrity, protecting consumers from financial harm, and promoting competition in the financial industry. The FCA also has the power to enforce regulations and take legal action against firms that violate its rules.

WikiFX alerts you to before invest your hard-earned money in any broker gather all the information about that platform or broker by visiting the wikifx.com/eng and invest your money only after thorough scrutiny. To know more similar forex trading and financial related news, download the WikiFX app through this link link https://www.wikifx.com/en/download.html