UK FCA Warned Unauthorized, Cloned FX Brokers

To protect investors' money, financial regulators like the UK Financial Conduct Authority (FCA) keep their blacklists up-to-date, which puts fraudsters' claims on display.

The UK FCA has cautioned unlicensed forex brokers not to engage in activities that need regulation in the UK without a license. The following is a list:

1. XTB Global (Clone of FCA Authorised Firm)

Address: 124 King Street, London, UNITED KINGDOM, W6 0QU

Telephone: +442045243951

Email: support@xtb-global.com,

compliance@xtb-global.com,

tradingdesk@xtb-global.com,

analyst@xtb-global.com,

m.bisch@xtb-global.com,

a.wolff@xtb-global.com

Website: www.xtb-global.com

2. Unauthorised firm - WWW.FINCHES-INVESTMENT.XYZ / DIGITALCOIN

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

Email: support@www.finches-investment.xyz

Website: https://finches-investment.xyz/

3. Unauthorised firm - FXM VENTURE

Address: Lanarkshire, Glasgow, Scotland, UNITED KINGDOM, G2 1QX

Website: https://fxmventure.com/

4. Unauthorised firm - WINVESTOCK

Address: 60 Great Tower St, London, UNITED KINGDOM, EC3R 5AZ

Telephone: +447418359558

Email: support@winvestock.com

Website: https://winvestock.com/

5. Unauthorised firm - CAPITAL WEALTH TRADE

Email: support@capitalwealthtrade.com

Website: https://capitalwealthtrade.com/

6. Unauthorised firm - PRIME GOLD INVEST / PRIMEGOLD INVESTMENT GROUP

Address: 350 5th Ave, New York, UNITED STATES OF AMERICA, NY 10118Telephone: +19177086904

Email: support@primegoldinvest.com

Website: https://primegoldinvest.com/

7. Unauthorised firm - DIGICOINFX

Address: First Floor, West Barn, North Frith Farm, Ashes Lane, Hadlow, Tonbridge, Kent, UNITED KINGDOM, TN11 9QU

Email: support@digicoinfx.com

Website: www.digicoinfx.com

8. Unauthorised firm - BLOOM MARKET TRADING

Telephone: 07747195352

Email: info@bloommarkettrading.com

Website: www.bloommarkettrading.com

9. Unauthorised firm - CHAINSWIFTFX

Address: 24 Spring St, Tyburnia, London, UNITED KINGDOM, W2 3RF

328 Grove Road, Mitcham, CR4 1AB

Telephone: +13216138304

Email: info@chainswiftfx.com

Website: https://chainswiftfx.com/

10. Unauthorised firm - DFINEXMARKET

Website: https://dfinexmarket.com/

Other Information: D FINE XMARKET

11. Unauthorised firm - Cryptonance Brokerage

Address: 74 Stamford Road, Apperley, UNITED KINGDOM, GL19 8ZA

Telephone: 7949635220

Email: info@cryptonancebrokerage.com

Website: www.cryptonancebrokerage.com

12. coinpass.Ltd (Clone of FCA Authorised Firm)

Telephone: +447422851335, +447476696749

Email: admin@coinpass.ltd,

support@coinpass.ltd,

coinpass.ltd@hotmail.com

Website: www.coinpass.ltd

13. Unauthorised firm - DynamicFx Trade

Email: support@dynamicfxtrade.com

Website: www.dynamicfxtrade.com

14. areatrading.io / AreaTrading Advisors LTD (Clone of FCA Authorised Firm)

Telephone: +442030976318, 02030973442, 07360533804, +442080973824, +8801741090235

Email: support@areatrading.io,

compliance@areatrading.io,

william.miller@areatrading.io,

support@areatrading.pro

Website: www.areatrading.io, www.areatrading.pro

15. Unauthorised firm - APEX CRYPTOFX

Email: support@apex-cryptofx.com,

info@apex-cryptofx.com

Website: www.apex-cryptofx.com

Without permission from the UK FCA, these companies offer financial services or products in the UK. That means you will not be protected by the Financial Services Compensation Scheme (FSCS), and you are unlikely to get your money back if things go wrong.

Checking the license of the broker you are going to trade with is always the first thing you need to do when investing.

About WikiFX

The WikiFX App is a Forex trading search engine, online app, and mobile app that offers full broker information. It lists more than 40,000 brokers, both registered and unregistered so that people can check on their favorite broker without leaving the app.

Here's how to use the WikiFX App to find out whether a broker is licensed or not.

Step 1: Launch the WikiFX App on your smartphone or enter www.wikifx.com into your browser.

Step 2: In the search window, type in the name of your desired broker.

Step 3: If the results have the same name, don't be alarmed. As previously stated, cloned and unregulated brokers are also included so that users can easily determine whether the chosen broker is legitimate or a scam.

Step 4: Once you've chosen the proper broker, you should be able to see all of the key information, such as trading offers, deposit and withdrawal alternatives, and, most importantly, the broker's common problems based on reviews and comments from traders all over the world.

You may also contact WikiFX Support for assistance with your questions.

To remain up to date on the newest news, download the WikiFX App from the App Store or Google Play Store.