Watch out the list of "Red Flag" brokers

On 27 July 2023, Financial Conduct Authority (FCA) exposed nine Unauthorised Brokers which are “Red Flags” and targeting people in the UK. The names of these brokers are GOLDCAPITAL TRADES / GOLDCAPITALTRADES, ECOIN LITE, ECOIN FX TRADE, Epic Growth FX, Plutomainarch, Prussia Fx, crypto-miners.org, Soltechx, LCG

Name: GOLDCAPITAL TRADES / GOLDCAPITALTRADES

Address: 78 Cannon Street, London, UNITED KINGDOM, EC4N 6AF

Email: support@goldcapitaltrades.com

Website: www.goldcapitaltrades.com

Name: ECOIN LITE

Address: UNIT 5, CARRERA COURTH, DINNINGTON, SHEFFIELD, UNITED KINGDOM, S25 2RG

Telephone: +12605730217

Email: support@ecoinlite.com

Website: www.ecoinlite.com

Name: ECOIN FX TRADE

Address: UNIT 5, CARRERA COURTH, DINNINGTON, SHEFFIELD, UNITED KINGDOM, S25 2RG

Telephone: +17622606119

Email: support@ecoinfxtrade.com

Website: www.ecoinfxtrade.com

Name: Epic Growth FX

Address: 68 Guild Street, London, United Kingdom, E7 7FF

Email: admin@epic-growthfx.com

Website: www.epic-growthfx.com

Name: Plutomainarch

Address: Celea Calarasilor 162, Bucharest, (7 F) Romania

Email: admin@plutomainarch.org

Website: www.plutomainarch.org

Name: Prussia Fx

Address: Liverpool, Merseyside, England

Telephone: +447462061504

Email: support@prussiafx.com

Website: www.prussiafx.com

Name: crypto-miners.org

Address: Tennyson House, Cambridge Business Park, Cambridge, United Kingdom, CB4 0WZ

Email: support@crypto-miners.org

Website: www.crypto-miners.org

Name: Soltechx

Address: UNITED KINGDOM

Telephone: +441312975921

Email: support@soltechx.email

Website: https://www.soltechx.com

Name: LCG/ www.lcgcoin.co (Clone of FCA Authorised firm)

Website: www.lcgcoin.co, https://www.lcgoca.vip

These brokers have been found to be operating without proper authorization and have been offering financial services without the necessary licenses. The FCA has advised investors to avoid these brokers and to report any suspicious activity to the authorities.

The 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.

To know about the security and reliability of your chosen brokers, you can use Wikifx app. To expand your knowledge and stay informed about the forex market. Download the Wikifx app on your phones. Here is the Link to the download: https://www.wikifx.com/en/download.html