WikiFX Scam Alert: FCA Warns Against Digicoinfx!!!

Investors who are still trading forex at Digicoinfx had better quit trading ASAP!!! Investors who have been deceived by this broker please contact WikiFX to help you recover your funds!!!

Hot news! Digicoinfx has come to the attention of the Financial Conduct Authority in the UK, which warned on September 27th that Digicoinfx was not licensed but was providing financial services in the UK. You can see the warning in the screenshot below.

“Almost all firms and individuals offering, promoting or selling financial services or products in the UK have to be authorized or registered by us”, the FCA says adding that “this firm is not authorized by us and is targeting people in the UK. You will not have access to the Financial Ombudsman Service or be protected by the Financial Services Compensation Scheme (FSCS), so you are unlikely to get your money back if things go wrong.”

WikiFX also paid a visit to the brokers official website to learn more. Digicoinfx tries to convince you that they are a legitimate and trustworthy broker, but the outcome is opposite.

Digicoinfx claimed to be based in United Kingdom and Regulated by the UK government financial institutions. However, the British FCA does not regulate the firm and has made that clear in the warning. Digicoinfx attempted to present itself as a legitimate FCA licensed company to prove their authenticity so as to achieve the purpose of cheating users.

Digicoinfx can change the rules of the contract at any time. “we reserve the right to change the rules, commissions and rates of the program at any time and at our sole discretion without notice” Digicoinfx explicitly states in its term.

This instruction is undoubtedly a bandit clause. Digicoinfx can change the rules, commissions and rates of the program at any time, which means this brokerage can refuse to take your money out for any reason, whether it's your principal, bonus, or profit. Once you put your money in, you can't get it back.

Deposits in Digicoinfx are only possible through cryptocurrencies, which are the payment method of choice for most financial fraudsters. This is another clear sign of a scam – only a scam broker will ask you to deposit in Bitcoin/ Ethereum and would not offer any alternatives. The reason why scammers adore crypto so much is simple – such transactions are completely irreversible which makes getting a chargeback impossible for the client.

Now let's search “Digicoinfx” on WikiFX APP to find out more about this broker. WikiFX is an authoritative global inquiry platform providing basic information inquiry and regulatory license inquiry. WikiFX can evaluate the safety and reliability of more than 36,000 global forex brokers. WikiFX gives you a huge advantage while seeking the best forex brokers.

As you can see, based on information given on WikiFX, Digicoinfx currently has no valid regulatory license and the score is rather negative - only 1.00/10! WikiFX gives brokers a score from 0 to 10. The higher the score is, the more reliable the broker is.

Investors are advised to search relevant information on WikiFX APP about the broker you are inclined to trade with before finally deciding whether to make investment or not. Compared with official financial regulators which might lag behind, WikiFX is better at monitoring risks related to certain brokers - the WikiFX compliance and audit team gives a quantitative assessment of the level of broker regulatory through regulatory grading standards, regulatory actual values, regulatory utility models, and regulatory abnormality prediction models. If investors use WikiFX APP before investing in any broker, you will be more likely to avoid unnecessary trouble and thus be prevented from losing money! The importance of being cautious and prudent can never be stressed enough.

In conclusion，trusting a broker like Digicoinfx is simply not worth it – you will certainly end up robbed. The so-called brokerage is nothing more than an outright scam, which is in the spotlight of a recent investigation by the British financial authorities, who have already blacklisted the website for targeting UK customers without proper authorization.

You can also expose forex scams on WikiFX. WikiFX will do everything in its power to help you and expose scams, warn others not to be scammed. In addition, scam victims are advised to seek help directly from the local police or a lawyer.

WikiFX keeps track of developments, providing instant updates on individual traders and helping investors avoid unscrupulous brokers. If you want to know whether a broker is safe or not, be sure to open WikiFXs official website (https://www.WikiFX.com/en) or download the WikiFX APP through this link (https://www.wikifx.com/en/download.html) to evaluate the safety and reliability of this broker!