These Four FX brokers have been blacklisted by FCA

Recently, FCA issued a list of blacklisted forex brokers exist in the market. The FCA stated that these brokers are unregulated. Those brokers are Rivobanc / rivobanc.com, CRYPTO-SURGE TRADING, Rapidlending (clone of an FCA Authorised Representative), Vaquita Capital / Vaquita Fund SLP / Vaquita Services Limited / IGlobal Management / Robinson & Cooper Wealth Management. activities . On official website of FCA, you can see these brokers in the category of unauthorised brokers. We are sharing screenshots with you. Have a look and be safe.

FCA has advised all traders to stay safe from these brokers. These brokers are not authorised by FCA . They are providing financial and investment services to people without a license in the UK. The FCA claimed that they have involved in some illegal activities. All firms or brokers must be authorised by the FCA in order to sell, provide or promote any financial services in the UK. But these mentioned brokers do not meet this rule.

When we searched this broker on Wikifx, we found they are brokers without any regulation, and they also have very low scores. Rivobanc has a 1.01 score out of 10, while CryptoSurge scores only 0.99 out of 10. Therefore, it is unsafe and risky to invest with these brokers.

WikiFX reminds you that fraud exists everywhere in the forex market. That is why before investing in any broker, it is important that you have all the information about that broker. You can get information about any broker and its review on Wikifx. Experience the power of informed trading with Wikifx app. Here is the Link to the download Wikifx https://www.wikifx.com/en/download.html