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

Top Secrets Why the Indian Government Appeals for a NO Gold Purchase

Is it the effect of ongoing Israel-Iran-US conflict, the surging import of the yellow metal or any other economic indicators that the Indian Prime Minister made an appeal to the countrymen to stop buying gold for a year? Addressing the public rally, the PM also advised postponing travel, limiting the use of petrol, diesel and cooking oil, and transitioning to the work from home model as much as possible. He categorically mentioned: Save dollars, conserve India’s foreign exchange reserves. Read on!

Original 2026-05-11 20:36

KAMA Capital Review: Do Traders Lose Due to Slippage & Inappropriate Liquidation?

Looking to trade through KAMA Capital, a Mauritius-based forex broker? You must read user reviews concerning fund safety with this brokerage entity. The company, which has been around for two-five years, has received some negative reviews recently for its several trading activities. Users have reported these experiences on broker review platforms such as WikiFX. The negative KAMA Capital reviews highlight serious slippage issues, coupled with inappropriate liquidation issues. The article aims to provide a clear picture of these user allegations along with a regulatory overview of the broker. This will help you make an informed trading decision. Read on!

Original 2026-05-08 22:04

MTRADING User Reputation: A Deep Look into Real Complaints and Warning Signs

When traders look for information about a broker, their biggest worry is always capital safety. The question, "Is MTRADING safe or scam?" gets right to the point. Based on checkable information from worldwide broker regulatory websites, the answer comes with serious warnings. MTRADING operates with major warning signs, especially a status of "No Regulation" and a very low trust score. WikiFX, a third-party checking service, gives the broker an extremely low rating and clearly warns of "High potential risk". This article will break down the proof behind this conclusion. We will look at MTRADING's regulatory status, examine real user complaints recorded on public websites, and check its platform features to give a clear, fact-based view for any potential user.

Original 2026-05-08 19:23

MTRADING Legitimacy Check: Is This a Fake Broker or a Legitimate Trading Partner?

You're asking 'Is MTRADING legit?' or worried about an 'MTRADING scam', and that's the right question to ask before risking your funds. A deep look into MTRADING's background shows major warning signs that should make you very careful. This isn't a simple yes or no answer; it's a fact-based review of the risks. Our research, using data from independent broker checking websites like WikiFX, shows MTRADING has a very low score, which means there are serious problems. The main worries are about whether it's properly regulated and the troubling number of customer complaints.

Original 2026-05-08 17:33

WikiFX Express

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

WikiFX Broker

EC markets

EC markets

Regulated
EBC FINANCIAL GROUP

EBC FINANCIAL GROUP

Regulated
FOREX.com

FOREX.com

Domestic Regulation
AVATRADE

AVATRADE

Regulated
FXTM

FXTM

Regulated
eightcap

eightcap

Regulated
EC markets

EC markets

Regulated
EBC FINANCIAL GROUP

EBC FINANCIAL GROUP

Regulated
FOREX.com

FOREX.com

Domestic Regulation
AVATRADE

AVATRADE

Regulated
FXTM

FXTM

Regulated
eightcap

eightcap

Regulated

WikiFX Broker

EC markets

EC markets

Regulated
EBC FINANCIAL GROUP

EBC FINANCIAL GROUP

Regulated
FOREX.com

FOREX.com

Domestic Regulation
AVATRADE

AVATRADE

Regulated
FXTM

FXTM

Regulated
eightcap

eightcap

Regulated
EC markets

EC markets

Regulated
EBC FINANCIAL GROUP

EBC FINANCIAL GROUP

Regulated
FOREX.com

FOREX.com

Domestic Regulation
AVATRADE

AVATRADE

Regulated
FXTM

FXTM

Regulated
eightcap

eightcap

Regulated

Latest News

Najm Capital Review 2026: UAE-Facing Broker, but the Licence Picture Raises Questions

WikiFX
2026-05-11 15:02

How Interest Rates and the US Dollar Control Currency Prices

WikiFX
2026-05-11 13:00

Retiree Loses RM900,000 After Falling for Sophisticated YouTube Investment Scam

WikiFX
2026-05-11 11:28

She Lost RM281,700 via 8 Transfers After Trusting WhatsApp ‘Investment Adviser’

WikiFX
2026-05-11 11:44

Oil Surges As Dollar Climbs

WikiFX
2026-05-11 14:30

Crude Advances On Strait Friction

WikiFX
2026-05-11 13:05

Warren Bowie & Smith Broker Review: A High-Risk Trap for Forex Traders

WikiFX
2026-05-11 13:10

RM300 Million Investment Scandal: Prominent ‘Tan Sri’ to Face Charges in Malaysia

WikiFX
2026-05-11 11:22

XTRADE Review 2025: Is This Forex Broker Safe?

WikiFX
2026-05-09 15:30

Oil prices jump after Trump dismisses Iran proposal to end war

WikiFX
2026-05-11 00:08

Rate Calc

USD
CNY
Current Rate: 0

Amount

USD

Available

CNY
Calculate

You may also like

MULTIPLEINVESTMENTCAP

MULTIPLEINVESTMENTCAP

ju-pay

ju-pay

AnchorVest

AnchorVest

Viforex

Viforex

Investivance

Investivance

Xendie

Xendie

VAGAIN ENTERPRISES

VAGAIN ENTERPRISES

ORO FOREX

ORO FOREX

ShotFX

ShotFX

Shield Leafs

Shield Leafs