WikiFX Scam Alert: FCA Issued a Warning Against Surefxway!!!

Hot News! Surefxway has come to the attention of the Financial Conduct Authority in the UK, which warned on October 18th that Surefxway was not licensed but was providing financial services to the public in the UK. You can see the warning in the screenshot below.

“ This firm is not authorised by us but still was providing financial services to the public in the UK, the FCA says adding that 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”.

The FCAs warnings prove with almost absolute certainty that a company is running some sort of scam – so refrain from enterprises that have received the negative attention of reputable financial authorities like the FCA. The only way to be sure that your investment is in good hands and that you would be treated fairly and in accordance with all laws would be to turn to a licensed, legitimate broker.

WikiFX also paid a visit to the brokers official website to learn more.Surefxway tries to convince us they are a legit and professional broker, but it turns out to be the opposite.

Surefxway offers different types of trading accounts, the descriptions of which provide us with further evidence that this is not a regulated forex broker.

The so-called “basic account type” requires a minimum deposit of $3000 to start the account, thirty times the industry standard of $100. Not to mention that many brokers are now accepting clients for as little as $5, which turns Surefxway into an expensive brokerage! With such a high minimum deposit, but there are no withdrawal terms on its website. We may venture to say that this is not normal, investors probably fail to withdraw their money back in the end!

What‘s more, the available leverage ratio is insanely high. Surefxway set the leverage ratio as high as 1:1000 for investors. It’s well know that no legitimate UKbroker would let you do that. Leverage caps in the EU and England ban brokers from offering leverage higher than 1:30 on forex majors to retail traders. This only goes to show once again that Surefxway is not a legitimate British broker. Trading with extremely high leverage can be very dangerous and lead to huge losses – which is why you should always be careful with your leverage settings.

More importantly, Surefxway only accepts deposits made in cryptocurrency. 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.That is why investing with a company likeSurefxway is not a good idea – you would not be able to retrieve your money or track it down.

Now let's search “Surefxway” 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 (https://www.wikifx.com/en/dealer/1484945804.html), Surefxway currently has no valid regulatory license and the score is rather negative - only 0.99/10! WikiFX gives brokers a score from 0 to 10. The higher the score is, the more reliable the broker is.

Please note that WikiFX is also reminding the majority of users: low scores, please stay away!

From all the above information we can know that trusting a broker like Surefxway 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.

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.

WikiFX reminds you that forex scam is everywhere, you'd better check the broker's information and user reviews on WikiFX before investing.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.

If you want to know more information about the reliability of certain brokers, you can click the information you want on this page Or you can download the WikiFX APP (https://wikifx1.onelink.me/QUVu/fiona) to find the most trusted broker for yourself.