FCA Revealed Six “Corrupt Brokers” on 26 July 2023

FCA Issued a list of Six Unauthorised brokers on 26 July 2023. FCA stated that these brokers are unregulated. On the official website of FCA, you can see the list of such brokers in the warnings category. We are sharing screenshots with you. Have a look and stay away from it.

Name: Recovery and Resolution

Email: jason.howard@recoveryandresolution.com

Website: https://recoveryandresolution.com/

Name: Lovo Forex

Address: 71-75 Shelton Street, Covent Garden, London, WC2H 9JQ

Telephone: +447831475624

Email: support@lovoforex.com

Website: www.lovoforex.com

Name: Co-operative Finance

Address: 60 Wimbledon Hill Road, London, UNITED KINGDOM, SW19 7PA

Telephone: 02033760219

Mobile: 07541405577

Email: loans@co-opfinance.co.uk

Website: https://co-opfinance.co.uk/

Name: Cryptozoption

Address: 20-22 Wenlock Road, London, UNITED KINGDOM, N1 7GU

6595 Boles Road, Johns Creek, GA 3009

Email: support@cryptozoption.com

Website: www.cryptozoption.com

Name: Hoxton Capital Management FZE

Address: 11th Floor, The One Tower, Sheikh Zayed Road, Dubai, UNITED ARAB EMIRATES

Telephone: +97142450200, +4402039173757

Email: enquiries@hoxtoncapital.com,

enquiries@hoxton-capital.co.uk

Website: https://hoxtoncapital.com

Name: Auto5CryptoFx

Address: 66 Great Suffolk Street, London, SE1 0BL

101 West Broadway, San Diego, UNITED STATES OF AMERICA, CA 92101

Telephone: +19142064028, +17703765581

Email: support@auto5cryptofx.com

Website: https://auto5cryptofx.com/

While exposing these unauthorised brokers, FCA stated that Almost all firms and individuals must be authorised by us if they offer, promote or sell financial products or services in the UK. But these firms are not authorised by us and target UK people.

The FCA has advised investors to avoid these brokers and to report any suspicious activity to the authorities. FCA has also reminded investors to be vigilant when dealing with forex brokers and to conduct proper due diligence before investing any money. Investors should check the FCA's register of authorized firms to ensure that the broker they are dealing with is legitimate.

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