Home -
Exposure -
Main body -

WikiFX Express

XM
FXTM
IC Markets Global
EC markets
TMGM
FOREX.com
HFM
pepperstone
octa
SECURETRADE

WikiFX Scam Alert: Avoid Dealing With These FCA Unauthorized Firms

WikiFX | 2023-01-24 15:51

Abstract:List of confirmed unauthorized firms that are providing financial business and must be avoided by the public.

FINANCIAL CONDUCT AUTHORITY.png

The Financial Conduct Authority (FCA) is a regulatory body in the United Kingdom that is responsible for supervising financial firms and markets to ensure they operate in an honest, fair, and effective manner. It is an independent body, and is accountable to the UK Parliament, through the Treasury. The FCA is also responsible for protecting and enhancing the integrity of the UK financial system.

FCA releases a daily list of unauthorized firms daily as a result of their investigation gathered from whistleblowers across the globe.

Dated January 23, 2023 list of confirmed firms that are illegally providing financial business to the public.

LAMELLE FINANCIAL CONSULTANTS LTD

Screenshot_1.png

WINFXMARKETS

Screenshot_2.png

BANCO AMIGAVEL INTERNACIONAL

Screenshot_4.png

EQUITI CAPITAL MARKETS

Screenshot_5.png

CZ-CHANGPENG FX

Screenshot_6.png

GCT TRADING

Screenshot_7.png

How does the Financial Conduct Authority protect consumers?

The Financial Conduct Authority (FCA) protects consumers by implementing and enforcing regulations that ensure financial firms and markets operate in a fair, transparent, and accountable manner. Some ways in which the FCA protects consumers include:

  • Setting and enforcing rules for financial firms: The FCA sets out rules and guidelines for firms to follow, and has the power to fine or revoke the licenses of those that fail to comply.

  • Conducting supervisory activities: The FCA conducts regular inspections and reviews of financial firms to ensure they are following the rules and regulations.

  • Providing education and information: The FCA provides consumers with information and resources to help them make informed financial decisions.

  • Resolving complaints: The FCA handles complaints from consumers and works to resolve disputes between consumers and financial firms.

  • Protecting vulnerable customers: The FCA has specific rules and guidance in place to protect vulnerable customers, such as those who are elderly or have a mental illness.

  • Prohibiting the sale of harmful products: The FCA may take action against firms that sell financial products that are likely to cause harm to consumers.

  • Promoting competition: The FCA aims to promote competition in the financial markets to ensure that consumers have access to a wide range of products and services at fair prices.

  • How do the financial conduct authorities maintain awareness to the public against scam investments?

    The Financial Conduct Authority (FCA) employs several strategies to maintain awareness among the public about potential scam investments. Some of these include:

    • Warning the public: The FCA regularly publishes alerts and warnings on its website and through other channels, such as social media and the press, to inform the public about potential scam investments and how to avoid them.

    • Investor education: The FCA provides a range of educational resources, such as guides and videos, to help the public understand how to identify and avoid potential scam investments.

    • ScamSmart campaign: The FCA runs an ongoing campaign called ScamSmart, which aims to raise awareness among the public about the risks of investment scams and how to protect themselves. This campaign includes social media, advertising, and partnerships with other organizations.

    • Helping to trace and recover lost funds: The FCA works with other authorities and organizations to trace and recover lost funds from scam investments.

    • Scam reporting: The FCA encourages members of the public to report any suspected scam investments to the FCA so that it can take appropriate action.

    • Collaborating with other regulatory bodies: The FCA works closely with other regulatory bodies, such as the police, to share information and intelligence about potential scam investments and take coordinated action to protect the public.

    • Encouraging firms to maintain good practices: The FCA encourages firms to maintain good practices and to have robust systems in place to detect and report potential scams, which in turn can help to prevent further scamming.

    • Stay tuned for more FCA Alerts.

      You can install the WikiFX App on your smartphones through the download link below to stay updated on the latest news on the go.

      Download link: https://www.wikifx.com/en/download.html

      Footer-New.jpg
Fraud AlertScam Alertforex marketBasic forex knowledgeForex newsForex BrokerForex AnalysisForex tradingLearn basic forexknowledgeDealerBroker

Related broker

Not Regulated
LAMELLE FINANCIAL
Company name:LAMELLE FINANCIAL CONSULTANTS LIMITED
Score
1.45
Website:https://www.lamellefinancialconsultants.com/
2-5 years | Questionable Regulatory License | Suspicious Operational Region | High Potential Risk
Score
1.45
Not Regulated
Winfxmarkets
Company name:Winfxmarkets LTD
Score
1.44
Website:https://winfxmarkets.com/index.html
2-5 years | Questionable Regulatory License | Suspicious Operational Region | High Potential Risk
Score
1.44

Read more

Brokers With Maximum Credible Regulatory Licences

Walk into any forex marketing pitch in India in 2026 and the first claim you will hear is some variation of "we are regulated by multiple international authorities". The implication is obvious — multiple regulators equals safer brokers. But after WikiFX has documented thousands of complaint cases from Indian and other South Asian traders, one inconvenient truth has become impossible to ignore: Not all regulatory licences are equal. Not even close. A broker can claim "regulated by 5 authorities" — and if those 5 authorities are all offshore-tier (MISA, Vanuatu, Seychelles, Saint Lucia, Comoros), it offers approximately the same protection as no regulation at all. Meanwhile, a single FCA or ASIC licence carries more practical investor protection than a dozen offshore registrations stacked together. This is the WikiFX 2026 ranking of forex brokers by genuine regulatory credibility — measured not by quantity of licences, but by the strength and enforcement weight of the regulators behind

Original 2026-06-01 14:27

Live from Wealth Expo Colombia 2026: WikiFX Strengthens Growing Partnerships Across LATAM

Live from Wealth Expo Colombia 2026: WikiFX Strengthens Growing Partnerships Across LATAM

Original 2026-05-31 07:00

Live from Wealth Expo Colombia 2026: WikiFX Strengthens Growing Partnerships Across LATAM

Live from Wealth Expo Colombia 2026: WikiFX Strengthens Growing Partnerships Across LATAM

Original 2026-05-31 07:00

XTB Exposure Report 2026: Mounting KYC & Fund Withdrawal Complaints

XTB, a veteran with over 15 years of experience in the competitive brokerage industry, has reportedly been facing severe user allegations concerning a tedious KYC verification process and blocked withdrawals despite numerous requests by traders globally. Traders worldwide, including those from the United States and the United Kingdom, have objected to the broker’s operational methodology in 2026. If you are one of them, this XTB review is worth reading! In this article, we have examined several user allegations to understand their concerns. Additionally, we have shared our analysis on the XTB regulation status. The holistic approach adopted by us will likely help you make an informed brokerage decision.

Original 2026-05-30 14:06

WikiFX Express

XM
FXTM
IC Markets Global
EC markets
TMGM
FOREX.com
HFM
pepperstone
octa
SECURETRADE

WikiFX Broker

TICKMILL

TICKMILL

Regulated
STARTRADER

STARTRADER

Regulated
FOREX.com

FOREX.com

Domestic Regulation
FXTM

FXTM

Regulated
D prime

D prime

Domestic Regulation
IC Markets Global

IC Markets Global

Regulated
TICKMILL

TICKMILL

Regulated
STARTRADER

STARTRADER

Regulated
FOREX.com

FOREX.com

Domestic Regulation
FXTM

FXTM

Regulated
D prime

D prime

Domestic Regulation
IC Markets Global

IC Markets Global

Regulated

WikiFX Broker

TICKMILL

TICKMILL

Regulated
STARTRADER

STARTRADER

Regulated
FOREX.com

FOREX.com

Domestic Regulation
FXTM

FXTM

Regulated
D prime

D prime

Domestic Regulation
IC Markets Global

IC Markets Global

Regulated
TICKMILL

TICKMILL

Regulated
STARTRADER

STARTRADER

Regulated
FOREX.com

FOREX.com

Domestic Regulation
FXTM

FXTM

Regulated
D prime

D prime

Domestic Regulation
IC Markets Global

IC Markets Global

Regulated

Latest News

XTB Exposure Report 2026: Mounting KYC & Fund Withdrawal Complaints

WikiFX
2026-05-30 14:06

BONUS Review 2025: Is This Forex Broker Safe?

WikiFX
2026-06-01 13:30

Trading.com Secures MiCA Licence in Cyprus as Crypto Access Becomes Part of Its EU Strategy

WikiFX
2026-06-01 17:16

How Outcome Bias Tricks Beginners into Copying the Wrong Trades

WikiFX
2026-05-30 09:30

FBS Review 2026: Complaints, Withdrawals, and Risk Signals

WikiFX
2026-05-30 10:00

Live from Wealth Expo Colombia 2026: WikiFX Strengthens Growing Partnerships Across LATAM

WikiFX
2026-05-31 07:00

Deriv Review 2025: Is This Forex Broker Safe?

WikiFX
2026-06-01 13:30

Brokers With Maximum Credible Regulatory Licences

WikiFX
2026-06-01 14:27

ICM.com Took Two Years to Give Up Its FCA Licence. Is It Still Regulated?

WikiFX
2026-06-01 17:28

Manual vs. Mechanical Trading: Turning Market Feel Into Automated Rules on MT5

WikiFX
2026-06-01 13:30

Rate Calc

USD
CNY
Current Rate: 0

Amount

USD

Available

CNY
Calculate

You may also like

Equities

Equities

VERTEX 1

VERTEX 1

Vertex Capital

Vertex Capital

Coinstreampro

Coinstreampro

AIMarkets

AIMarkets

Cardiff

Cardiff

MGM

MGM

Primo CAPITALS

Primo CAPITALS

MATONPIPS

MATONPIPS

INSTAMARKETS

INSTAMARKETS