Stay away from these two brokers

The prestigious authority , the Financial Conduct Authority (FCA), warned against two unauthorised firms on 12 October 2023. The FCA shared all the details about these Fraudulent Brokers on its official website and advised investors not to choose these brokers.

Name: INCOGAIN

Address: Cheapside, London, UNITED KINGDOM, EC2V6DT

Email: admin@incogain.com

Website: www.incogain.com

Name: CryptoGoldtrust

Address: 46 Maidstone Road, wensley, DL8 1DX

Email: support@cryptogoldtrust.com

Website: https://cryptogoldtrust.com/

While exposing these unregulated brokers, the 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 are targeting UK citizens. 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.

Review

When we Searched for these brokers on Wikifx. We found that they are marked as NO LICENSE brokers. Their Ratings were very low. Wikifx also issued a Warning by stated that: Low score, please stay away!

Install the WikiFX app on your smartphone to stay updated with the latest news in forex. WikiFX is a global forex broker regulatory inquiry platform that has investigated and reviewed more than 40,000 brokers, collaborating with more than 30 national regulators. To learn more about the security and reliability of your chosen brokers, visit www.wikifx.com or download our free app from Google Play or the App Store.