You should stay away from these unauthorized brokers- FCA stated

WikiFX | 2023-04-28 13:37

Abstract：The FCA has issued a list against unauthorized brokers, warning those interested in the foreign exchange market. This list includes several unauthorised brokers such as Bitchain, Easyprofitsactive, and Market Giants.

The FCA has issued a list against unauthorized brokers, warning those interested in the foreign exchange market. This list includes several unauthorised brokers such as Bitchain, Easyprofitsactive, and Market Giants. You can see this list by visiting the official website of FCA. We are here to share screenshots of these fraudulent brokers with you.

Name: Bitchain

Telephone: +447458196702

Email: support@bitchain.info

Website: https://bitchain.info

Name: Easyprofitsactive

Address: 9628, The fifth Avenue, New York, NY10022

Email: support@easyprofitactive.com

Website: https://easyprofitsactive.com

Name: Market Giants

Address: 37th Floor, Canary Wharf, 1 Canada Square, London, UNITED KINGDOM, E14 5AA

Website: https://marketgiants.com/

FCA issued this list of unauthorised brokers on 27 April 2023 and warned investors not to invest with these brokers. It will be risky and unsafe for them if they invest with these brokers. However, they must be careful if they do, as these brokers lack broker licenses. Therefore, the risk may exist. They offer financial and investment services to clients without a license in the UK. When we searched Bitchain broker on wikifx. We discovered Bitchain posses no regulation and it has also suspicious regulatory License.

FCA advised all the investors to stay away from them. There is a high chance of scams if you invest your valuable money with these unlicensed brokers. They are accused of engaging in some illegal activities by the FCA. A firm or broker must have FCA authorization to sell, offer, or promote any financial services in the UK. These brokers, however, do not adhere to this rule.

WikiFX reminds you that fraud exists everywhere in the forex market. That is why before investing in any broker, you must have all the information about that broker. You can get information about any broker and its review on Wikifx. Experience the power of informed trading with the Wikifx app. Here is the link to download Wikifx https://www.wikifx.com/en/download.html