Abstract:Pay attention! It's a warning from the UK's Financial Conduct Authority (FCA) for all investors and traders. To be vigilant and avoid dealing with unlicensed brokers. The authority provided necessary details about the two illegal brokers below.
Pay attention! It's a warning from the UK's Financial Conduct Authority (FCA) for all investors and traders. To be vigilant and avoid dealing with unlicensed brokers. The authority provided necessary details about the two illegal brokers below.
Name: 3xCapitals
Address: Birmingham, UNITED KINGDOM, B18 6EW
Email: support@3xcapitals.com
Website: https://3xcapitals.com/
Name: WEALTHWISE
Address: Aeschenvorstadt 57, 4051, Basel, SWITZERLAND
Telephone: +16098399745
Mobile: +447460975309
Email: support@wealthwise.pro
Website: www.wealthwise.pro
While exposing these unauthorized brokers, FCA stated that almost all firms and individuals must be authorized by us if they offer, promote, or sell financial products or services in the UK. But these firms are not authorized by us and target UK people.
The authority advised people not to invest with these firms. FCA has also reminded investors to be vigilant when dealing with forex brokers and to conduct proper due diligence before investing any money. Investors should check the FCA's register of authorized firms to ensure that the broker they are dealing with is legitimate.
About FCA
The Financial Conduct Authority (FCA) is a UK regulatory body. The FCA's main role is to protect consumers by regulating financial products and services, promoting competition, and ensuring that financial firms are financially stable. The FCA also has the power to investigate and take enforcement action against firms that breach its rules and regulations.
Download the WikiFX app now to stay updated on the latest forex news and make informed trading decisions.
Master the top 10 Forex trading indicators to analyze real-time Forex quotes, trends, and market signals. Learn strategies to boost accuracy and avoid mistakes.
You've heard many times that geopolitical events have a significant impact on the Forex market. But do you know what geopolitical events are and how they affect the FX market? Let us learn about it today.
Trade execution is a pivotal moment for traders. It is when analysis turns into action, and potential profits or losses become reality. However, for many traders, this moment is accompanied by fear. Why does this happen, and how can you address it?
In the midst of financial innovation and regulation, WikiGlobal, the organizer of WikiEXPO, stays abreast of industry trends and conducts a series of insightful and distinctive interviews on pivotal topics. We are delighted to have the privilege of inviting Simone Martin for an in-depth conversation this time.