Never Invest in These 5 "No License”- Scam brokers

These are scam brokers operating without licenses. Therefore, it becomes risky to trust these brokers for Forex trading. These brokers will most probably swindle your money and make you penniless. To avoid this situation, check out the list below carefully. This is the warning list issued by the Financial Conduct Authority (FCA).

Unauthorised firm details

1. Name: Hoho-trading.com

Address: Fifth Floor, Hatton Garden, London, UNITED KINGDOM, EC1N 8LE

Email: support@hoho-trading.com

Website: www.hoho-trading.com

2. Name: Grimbix

Email: support@grimbix.io

Website: https://grimbix.io

3. Name: Afxgroups

Email: support@afxgroups.net

Website: https://afxgroups.net

4. Name: Reflex-miner.com

Email: support@reflex-miner.com

Website: www.reflex-miner.com

5. Name: Premium Stocks

Address: 60a Station Road, North Harrow, UNITED KINGDOM, HA2 7SL

Email: support@premiiumstock.info

Website: www.premiiumstock.info

How to Protect your Money ?

1. Check Broker License

Verify with your country's financial regulator (like SEC, FCA, ASIC, etc.).

2. Avoid Unrealistic Promises

Be wary of guaranteed returns, high profits with no risk — classic red flags.

3. Stay Educated

Knowledge is your best defense. Read Reviews on different platforms.

4. Do Background Research

Look up online reviews (Trustpilot, Reddit, forums). Do Proper Research.

5. Ask for Documentation

Request official documents such as the brokers license, registration number, regulatory certificates, and proof of authorization from recognized financial authorities like the FCA, ASIC, or CySEC. Always verify these documents directly through the official websites of the regulators to ensure they are genuine and up to date.

Read this Article- www.wikifx.com/en/newsdetail/202507144344837846.html

Stay Updated—Join WikiFX Community

Want to stay informed about the latest forex news and Scam Alert, Whether you're a forex beginner or an experienced trader, join our Telegram community: WikiFX India. We focus solely on educational updates, forex news, market insights, and forex market.

Please note: This article is for informational purposes only and does not constitute financial advice.