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UK Financial Watchdog Warns: Avoid these Un-Licensed FX Brokers

WikiFX | 2025-07-22 17:35

Abstract:If a reputable UK regulator, Financial Conduct Authority (FCA), issues a warning about unlicensed brokers, you must take it seriously. Whether you're a trader or an investor. Here's a list you can checkout below. Be cautious and avoid getting involved with these scam brokers.

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If a reputable UK regulator, Financial Conduct Authority (FCA), issues a warning about unlicensed brokers, you must take it seriously—whether you're a trader or an investor. Here's a list you can checkout below. Be cautious and avoid getting involved with these scam brokers.

Unauthorised firm details

1. Name: Power Trades

Website: www.power-trades-ai.net, www.powertradesapp.net

2. Name: elitexchanges.info

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

291 Brighton Road, South Croydon, UNITED KINGDOM, CR2 6EQ

Email: support@elitexchanges.info

Website: https://elitexchanges.info

3. Name: Trader Chenix

Website: https://https://trader-chenix.net/, https://traderchenix.net/

4. Name: Accu Trader Plus

Website: www.accutraderplusapp.net

5. Name: Trade App / trade-appai.net

Website: www.trade-appai.net

img_v3_02o6_badb70cf-c8ed-4dc3-b4c5-8d5f816838dg.jpg

6. Name: Wealth Phantom / wealth-phantom.net

Website: www.wealth-phantom.net

7. Name: VINCOS LIMITED

Address: 1st Floor 35 Park Lane, London, W1K 1RB

Mobile: 07903056291

Email: contact@vincoslimited.com

Website: https://vincoslimited.com/

8. Name: Vlex Global

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

Email: info@vlexglobal.com,

support@vlexglobal.com

Website: www.vlexglobal.com

9. Name: VIEW WORLD

Address: Lansdowne House, Berkeley Square, London, W1J 6ER

74 Horsefair Green, Old Shields, G67 1DE

Email: support@view-world.com

Website: https://view-world.com/

10. Name: CFD Options

Address: 2 King Edward Street, London, UNITED KINGDOM, EC1A 1HQ

28 October Ave 249, Limassol 3035, CYPRUS

470 St Kilda Road, Melbourne, Victoria 3004, AUSTRALIA

Admiralty Centre, 18 Harcourt Road, Admiralty, HONG KONG

100 King Street W, Toronto, Ontario, CANADA, M5X 1B1

Telephone: +447719480509, +35795510817, +61449945916, +85260169935, +15064676814

Email: contact@cfdoptions.com,

customer-support@cfdoptions.com,

financial-support@cfdoptions.com

Website: www.cfdoptions.com

Find FCA Warning List Here

The latest list is available on the official FCA website. To view it, visit the website, go to the News section, and click on Warnings to see the latest list of scam brokers.

Check this Important Article too - www.wikifx.com/en/newsdetail/202507226494774722.html

FCA Warns You

The Financial Conduct Authority (FCA) stated that these firms may be offering or promoting financial services or products without its authorization. The FCA warns clients to avoid dealing with these firms and beware of scams. These firms are not authorized. Stay alert. Investment scams are becoming increasingly common. While forex beginners are often the main targets, even experienced traders are now falling victim too.

Join WikiFX Community & Get the Latest Updates

Investment scams have become a reality in the Forex market. While trading forex, you can avoid these scams by staying informed and alert. Therefore, be attentive and stay updated with fraud alerts. With WikiFX, you can get all the information you need about the Forex market, fraud alerts, and the latest news related to Forex trading — all in one place. Join the WikiFX Community by scanning the QR Code at the bottom.

Steps To Join

1. Scan the QR code below

2. Download the WikiFX Pro app

3. After installing, tap the Scan icon at the top right corner

4. Scan the code again to complete the process

5. Congratulations! You have Joined the Group

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Related broker

Not Regulated
Elitexchanges
Company name:elitexchanges.info
Score
1.18
Website:https://elitexchanges.info/
1-2 years | Questionable Regulatory License | Suspicious Operational Region | High Potential Risk
Score
1.18

Read more

Saxo Review 2026: Withdrawal Issues, Account Blocks & Execution Complaints Exposed

Did the Saxo broker reject your withdrawal requests after allowing some initially? Did your account get blocked while attempting a withdrawal? Have you suffered a glitch in your trade orders by Saxo, including the stop-loss? There have been many such complaints regarding Saxo on several broker review platforms. Among the complaints, we have focused on the recent ones, with most being reported in 2026. This gives you an idea of the current state. Before that, we will have a slight glance at its product offerings. Let’s start investigating in this Saxo review article.

Original 2026-04-22 20:30

Investigating BotBro - The Mastermind of Alleged INR 800 Crore Forex & Crypto Trading Scam

BotBro is a Dubai-based forex broker that has continued to grab headlines for years, with its name being involved in one scam after another. In the latest episode, its name was found in the alleged INR 800 crore forex and crypto trading scam in Goa. Top-level agencies, including the Enforcement Directorate (ED), are investigating the case. They have labeled the platform as a Ponzi scheme. The platform is disguised as an AI-powered forex trading app. In connection with this case, the Goa Police Economic Offences Cell (EOC) filed a First Information Report (FIR) against 10 individuals, including the company owner, Lavish Chaudhary Alias Nawab Ali, for fund misappropriation worth over INR 7.3 crore. Read on as we share the BotBro review in this article.

Original 2026-04-22 20:12

DUHANI Deposit and Withdrawal Methods: A Complete 2026 Trader's Guide

Learning how a trading company handles deposits and withdrawals is one of the first things every trader should do. Before investing, you need to know exactly how you can add funds to your account and, most importantly, how you can withdraw the same. This guide takes a close look at the payment methods that DUHANI says it offers. But the payment methods themselves aren't the most important thing. The bigger question is: can you trust this broker? Keeping your deposits safe and making sure you can actually withdraw your funds are the most important things to think about. Before transferring funds to any broker, you must do your homework. Whether a broker is properly regulated and what real users say about it are the best ways to tell if it can be trusted. We strongly suggest that traders do their own research. A quick search for "DUHANI" on a checking website, such as WikiFX, can give you lots of information, including details about regulation, user reviews, and complaints from other pe

Original 2026-04-22 18:16

DUHANI User Reputation: Looking at Real User Feedback and Common Complaints to Check Trust

Picking a trustworthy broker is the most important decision any trader will make. It's the foundation that supports your entire trading plan and financial safety. DUHANI Capital has become a platform that gets a lot of attention, but for mixed reasons that need careful investigation. The main question for people who might use it or already use it is simple: Is DUHANI Safe or Scam? Online searches show confusing results. You might find positive reviews that praise the platform. But you'll also find many serious complaints and official warnings from regulators, which creates doubt. For careful traders, this mixed information is a major warning sign. This article aims to clear up the confusion. We won't rely on marketing claims or unproven praise. Instead, our goal is to give you a clear answer based on evidence. We will carefully study DUHANI's regulatory status, examine real user complaints, and take a close look at positive reviews, using verified data from independent broker researc

Original 2026-04-22 17:21

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