FCA Issues Red Alert: 7 Unlicensed Brokers You Must Avoid!

WikiFX | 2025-09-08 20:03

Abstract：The FCA (Financial Conduct Authority) has issued another warning to forex traders, highlighting a new list of brokers operating without its approval. Make sure to check the list to protect yourself from unlicensed brokers.

The FCA (Financial Conduct Authority) has issued another warning to forex traders, highlighting a new list of brokers operating without its approval. Make sure to check the list to protect yourself from unlicensed brokers.

Name: Invest Primo

Address: 3505 Harrison Avenue, Beaumont, TX 77706

Email: support@investprimo.live,

support@app.investprimo.live

Website: www.investprimo.live, www.app.investprimo.live/services

_______________________________________________________________

Name: NEX BRIDGE FX

Telephone: 07495719324

Email: info@nexbridgefx.com

Website: www.nexbridgefx.com

_______________________________________________________________

Name: AuroraStocks / aurorastocks.com (Clone of FCA Authorised Firm)

Telephone: +447779923066, +447700199477

Email: support@aurorastocks-advisor.com,

official@aurorastocks-advisor.com,

analyst@aurorastocks-advisor.com,

compliance@aurorastocks-advisor.com,

official@aurorastocks.com

_______________________________________________________________

Website: aurorastocks.com, advisor-aurorastocks.com

Name: Globalex Capital

Address: Glasgow, UNITED KINGDOM

Email: partnerships@globalexcapital.com,

support@globalexcapital.com,

academy@globalexcapital.com,

affiliates@globalexcapital.com

Website: www.globalexcapital.com

_______________________________________________________________

Name: ITrustCapital

Address: HIGH ST, ELTHAM, UNITED KINGDOM, SE9 1TD

Email: support@itrustcapital.top

Website: www.itrustcapital.top

_______________________________________________________________

Name: Evo Capital / evoluxcapital.com

Address: 99, Chancery Street, Auckland, NEW ZEALAND, 1010

London, UNITED KINGDOM

Telephone: +441975968567

Email: support@evoluxcapital.net,

help@evoluxcapital.com

Website: https://evoluxcapital.com/

_______________________________________________________________

Name: FXonet

Website: www.fxonetapp.net

Why FCA Warning Should Never Be Ignored?

When the FCA issues a warning, it means a broker is offering financial services in the UK without the required license. This is serious. The FCA is one of the most trusted financial regulators in the world, and their job is to protect your money.

FCA warning really means:

• The broker is not approved or regulated by the FCA

• Its illegal for them to offer services in the UK

• Your money is not protected under UK financial rules

• If they vanish with your funds, youre left with no legal support

Always check the FCA Register before trusting any broker with your investments.

10 Smart Ways to Avoid Scam

Protecting yourself from forex scams is easier than you think — just follow these simple steps:

1. Check the broker‘s license – Make sure they’re regulated by a trusted authority.

2. Say no to unlicensed brokers – If they‘re not regulated, they’re not safe.

3. Verify contact details – Make sure their phone number, email, and address match official sources.

4. Watch out for big promises – Dont believe “get rich quick” claims.

5. Start with a demo account – Test the platform before investing real money.

6. Read what others say – Online reviews can reveal red flags.

7. Do your own research – Dont rely only on what the broker says.

8. Dont rush into decisions – Scammers love pressure tactics.

9. Report shady behavior – Help others by reporting suspicious activity.

10. Keep records – Save emails, chats, and transaction history for proof.

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fca Scam Alert Investment Scam Fraud Alert Forex trading Forex Broker

Related broker

Not Regulated

fxonet

Company name：Fxonet Ltd

Score

1.52

Website：https://www.fxonet.com

2-5 years | Questionable Regulatory License | Suspicious Operational Region | High Potential Risk

Score

1.52

Rupee Ends 13 Paise Up at 95.15 After RBI Holds Repo at 5.25%: The Effect of a Weak USD, Cooler Oil

The Indian rupee settled at 95.15 against the US dollar on 5 August 2026, gaining 13 paise after the Reserve Bank of India's Monetary Policy Committee voted 6-0 to keep the repo rate unchanged at 5.25 percent for the third time in a row in FY27. The rupee had opened 46 paise higher, rallied to an intraday strongest of 94.89 ahead of the policy decision, and then drifted back as RBI Governor Sanjay Malhotra noted that the currency 'has not appreciated as intended despite the high flows from foreign shores.' A weak dollar index, a sharp pullback in Brent crude from above USD 100 in July, and net FII equity inflows of Rs 2,447 crore on Tuesday combined to support the rupee. USD-INR is expected to trade in a 94.80-95.50 band in the near term.

Original 2026-08-07 18:43

Errante Review 2026: Users Claim a Poor Trading Experience. What Does Our Investigation Reveal?

Errante, a Seychelles-based brokerage entity, is facing serious trading allegations from users globally. Users claim to have earned profits legitimately using their strategies. However, on the Errante login dashboard, many users reported an automatic deduction of earned profits. At the same time, withdrawal issues allegedly haunt many traders here. While investigating, we also found complaints concerning trade order manipulations by the broker. In this Errante review, we have examined these allegations and given an overview of its regulatory status.

Original 2026-08-06 22:20

Monisha Chakraborty Appointed as RB Executive Director: What Does This Mean for India's FX Market?

The Reserve Bank of India has appointed Monisha Chakraborty as Executive Director with effect from 3 August 2026; she will oversee the Foreign Exchange Department and the Financial Markets Regulation Department. Chakraborty is a career central banker with over three decades of experience in Supervision, Foreign Exchange, and Government and Bank Accounts, and previously served as Banking Ombudsman. This report explains the significance of the new RBI Executive Director appointment for forex regulation India, the scope of the Foreign Exchange Department and the Financial Markets Regulation Department, and what authorised persons, banks, and forex market participants should monitor as the new ED takes charge.

Original 2026-08-06 20:10

Forex Liquidity Provider in 2026: How to Choose One Your Brokerage Can Actually Operate

A forex liquidity provider decision now shapes the broker's spreads, fills, slippage, hedging cost, regulatory exposure, and exit options long after the platform is chosen. This 2026 guide explains what a forex LP actually delivers versus what the marketing claim says, how tier-1 banks, prime of prime, and multi-LP aggregators differ in practice, and how execution models (DMA, ECN, STP) change the broker's daily operating reality. It also walks through due diligence on credit, technology, reporting, governance, and exit, and shows how a 2026 broker can combine a primary LP with secondary routing without losing control of the client experience. Use the decision matrix, integration timeline, and operational tests to compare an fx liquidity provider before contract signature, not after a market event.

Original 2026-08-06 19:44