FCA Issued warning against three Unauthorised Brokers

The Financial Conduct Authority (FCA) has issued a warning against three unauthorised brokers. The three unauthorised brokers are named as: Alpha Live, TEAMTRUSTFX and Tradesalgo Pro. These brokers are not licensed to carry out regulated activities in the UK. The FCA has advised investors to avoid doing business with these companies.

Name: Alpha Live

Telephone: 02038079052, 02038079538, 020380700365, 020337699463, 02039895915, 02038077192

Email: support@alphalive.io,

compliance@alphalive.io,

alex.m@alphalive.io,

daniel.g@alphalive.io,

martin.p@alphalive.io,

ramon.s@alphalive.io,

max.j@alphalive.io,

alphalive@alphaliveservice.com

Website: https://alphalive.io/en

Name: TEAMTRUSTFX

Address: 13/A Tropical center Rs, UNITED KINGDOM, WC1B 4EA

Dolfin RD, 23/A New Market, South Zone, Sandigo, UNITED STATES OF AMERICA

Telephone: +891230456788

Website: www.teamtrustfx.com

Name: Tradesalgo Pro

Address: Fitzalan House (Headquaters), Cardiff City Centre, Cardiff, WALES, CF10 1EP

Telephone: +14434025657

Email: support@tradesalgopro.com

Website: https://tradesalgopro.com/

The FCA has stated that these companies have been providing financial services or products without its authorization. The FCA has warned that investors who deal with unauthorised firms are not protected by the Financial Ombudsman Service or the Financial Services Compensation Scheme.

Investors are advised to check the FCA Register before dealing with any financial firm. The FCA Register is a public record of all firms and individuals who are authorized to carry out regulated activities in the UK. Investors who have been approached by the three unauthorised brokers should report them to the FCA immediately.

When we searched these brokers on Wikifx . We discovered that these are not regulated brokers. They are providing financial services to people without any proper authorisation. We noticed that these brokers scores are also not good. TeamtrustFX has a 0.99 score out of 10 and same as Tradesalgo Pro.

To expand your knowledge and stay informed about the forex market. Download Wikifx app on your phones. Here is the Link to the download: https://www.wikifx.com/en/download.html