Warned by FCA! USGFX UK no Longer Holds FCA License
Abstract：The information on the FCA's official website shows that USGFX UK (Union Standard International Group Limited) no longer has regulatory authorization from the FCA as of December 16, 2022.
And before that, the company canceled its ASIC and VFSC licenses, and so far it has NO financial license!
USGFX was founded in 2006 and declared bankruptcy on July 8, 2020, in Australia, after which, USGFX's AFS license in Australia was officially suspended less than a month later. On September 14 of the same year, USGFX's AFS license was officially canceled.
USGFX had informed clients that they could transfer their accounts originally under ASIC supervision to the UK FCA or Vanuatu VFSC supervision according to notices within their accounts, but many clients fed back that USGFX had not processed their withdrawal requests in recent years. Later, the company canceled its VFSC license. Until last month, USGFX UK's FCA license also lapsed. By this point, the broker was not authorized by any regulator and also received a warning from the FCA on Dec. 29.
Read more
Errante Review 2026: Users Claim a Poor Trading Experience. What Does Our Investigation Reveal?
Errante, a Seychelles-based brokerage entity, is facing serious trading allegations from users globally. Users claim to have earned profits legitimately using their strategies. However, on the Errante login dashboard, many users reported an automatic deduction of earned profits. At the same time, withdrawal issues allegedly haunt many traders here. While investigating, we also found complaints concerning trade order manipulations by the broker. In this Errante review, we have examined these allegations and given an overview of its regulatory status.
Monisha Chakraborty Appointed as RB Executive Director: What Does This Mean for India's FX Market?
The Reserve Bank of India has appointed Monisha Chakraborty as Executive Director with effect from 3 August 2026; she will oversee the Foreign Exchange Department and the Financial Markets Regulation Department. Chakraborty is a career central banker with over three decades of experience in Supervision, Foreign Exchange, and Government and Bank Accounts, and previously served as Banking Ombudsman. This report explains the significance of the new RBI Executive Director appointment for forex regulation India, the scope of the Foreign Exchange Department and the Financial Markets Regulation Department, and what authorised persons, banks, and forex market participants should monitor as the new ED takes charge.
Forex Liquidity Provider in 2026: How to Choose One Your Brokerage Can Actually Operate
A forex liquidity provider decision now shapes the broker's spreads, fills, slippage, hedging cost, regulatory exposure, and exit options long after the platform is chosen. This 2026 guide explains what a forex LP actually delivers versus what the marketing claim says, how tier-1 banks, prime of prime, and multi-LP aggregators differ in practice, and how execution models (DMA, ECN, STP) change the broker's daily operating reality. It also walks through due diligence on credit, technology, reporting, governance, and exit, and shows how a 2026 broker can combine a primary LP with secondary routing without losing control of the client experience. Use the decision matrix, integration timeline, and operational tests to compare an fx liquidity provider before contract signature, not after a market event.
Moneta Markets Receives UAE Category 5 Licence
Moneta Global Financial Services LLC has received a Category 5 licence from the UAE Capital Market Authority, establishing a regulated structure for the company’s activities in the country.
WikiFX Broker
Latest News
57 Booked in Pune Forex Scam Probe: The Fake Trading App Checklist Every Indian Investor Needs
WikiFXAccused of a RM123 Million Crypto Scam, He Fled to Malaysia and Claimed He Was Robbed
WikiFXAfrica's 10 Strongest Currencies in July 2026: Naira Absent
WikiFXU.S. and Japan Stand Ready for Further Coordinated Yen Intervention, Treasury Warns
WikiFXYen Retreats After Coordinated Intervention
WikiFXRinggit Flat Near RM4.09 After US Factory Data Surprise
WikiFXHF Market Review – A 1.76 Score, an Unverified CYSEC Licence, and a Frozen Account
WikiFXSri Lanka Rupee Slides 7.9% in H1 2026 as Bank Steps In
WikiFXMarket, Limit, and Stop Orders in Forex Explained Simply
WikiFXApple Faces Lawsuit Over Fake Crypto App Exposing $1.8 Million Theft
WikiFXRate Calc
