Home -

Main body -

WikiFX Express

Exness

Watch Out For These Unregulated Brokers Tagged As Unauthorized Firms By FCA - 1/9/2023

WikiFX | 2023-01-10 15:01

Abstract：A newly added list of unauthorized firms was released by the FCA to warn the public not to invest due to a lack of necessary authorization to conduct financial transactions or investments.

Watch Out For These Unregulated Brokers Tagged As Unauthorized Firms By FCA.png

Forex scams are schemes that defraud traders of their hard-earned money through various means, such as falsely promising high returns on investments, manipulating software to generate losing trades, and falsely representing themselves as registered firms. These scams can take many forms and may be executed by individuals, companies, or even entire countries.

One common form of forex scam is the “boiler room” scam, in which high-pressure salespeople try to convince traders to open accounts and make large deposits, promising unrealistic returns and using high-pressure tactics to get the trader to make a quick decision. These scams often target new traders who may not have experience in the markets and are not familiar with the risks.

Another form of scam is the “managed account” scam, in which a company offers to trade a trader's account on their behalf, promising high returns for a small initial deposit or a percentage of the profits. In many cases, the account is not traded as promised and the trader loses their deposit.

Forex scams can also be perpetrated by firms that falsely represent themselves as registered and regulated, when in fact they are not. Additionally, Signal selling schemes, Autotrading robots, or any other type of trading with no sound strategy are also Scams.

WikiFX has been exposing scam brokers released by the FCA to warn investors not to invest because they lacked the necessary authorization to conduct financial transactions or investments.

List of newly added unauthorized firms

INVEST KINGDOM

MORGAN FINANCE

WALK CRYPTO

METROINCOMETRADE

RETRO FX PROFIT

PROGRESSIVE TRADE LTD

GFSS LTD

CAPITAL WEALTH

UK TRADING OPTIONS

WIN PROTOCOL

Final Word

It's important for traders to do their due diligence and research any firm or individual they are considering doing business with before depositing any money. It's also important to check regulatory agency such as NFA, CFTC, and FCA to see if a broker is registered and have any criminal records or penalties.

In addition, you should also be skeptical of claims of easy money or overnight wealth, and be wary of anyone who promises unrealistic returns. If something seems too good to be true, it probably is.

Download and install the WikiFX App from the download link below to stay updated on the latest news, even on the go. You can also download the app through the App Store or Google Play Store.

Download link: https://www.wikifx.com/en/download.html

Related broker

Not Regulated

Walk Crypto

Company name：Walk Crypto

Score

1.47

2-5 years | Questionable Regulatory License | Suspicious Operational Region | High Potential Risk

Company name：MorganFinance

Score

1.46

Website：https://morganfinance.trade/

2-5 years | Questionable Regulatory License | Suspicious Operational Region | High Potential Risk

Company name：Invest Kingdom

Score

1.45

Website：https://investkingdom.net

2-5 years | Questionable Regulatory License | Suspicious Operational Region | High Potential Risk

Score

1.45

KAMA Capital Review: Do Traders Lose Due to Slippage & Inappropriate Liquidation?

Looking to trade through KAMA Capital, a Mauritius-based forex broker? You must read user reviews concerning fund safety with this brokerage entity. The company, which has been around for two-five years, has received some negative reviews recently for its several trading activities. Users have reported these experiences on broker review platforms such as WikiFX. The negative KAMA Capital reviews highlight serious slippage issues, coupled with inappropriate liquidation issues. The article aims to provide a clear picture of these user allegations along with a regulatory overview of the broker. This will help you make an informed trading decision. Read on!

Original 2026-05-08 22:04

MTRADING User Reputation: A Deep Look into Real Complaints and Warning Signs

When traders look for information about a broker, their biggest worry is always capital safety. The question, "Is MTRADING safe or scam?" gets right to the point. Based on checkable information from worldwide broker regulatory websites, the answer comes with serious warnings. MTRADING operates with major warning signs, especially a status of "No Regulation" and a very low trust score. WikiFX, a third-party checking service, gives the broker an extremely low rating and clearly warns of "High potential risk". This article will break down the proof behind this conclusion. We will look at MTRADING's regulatory status, examine real user complaints recorded on public websites, and check its platform features to give a clear, fact-based view for any potential user.

Original 2026-05-08 19:23

MTRADING Legitimacy Check: Is This a Fake Broker or a Legitimate Trading Partner?

You're asking 'Is MTRADING legit?' or worried about an 'MTRADING scam', and that's the right question to ask before risking your funds. A deep look into MTRADING's background shows major warning signs that should make you very careful. This isn't a simple yes or no answer; it's a fact-based review of the risks. Our research, using data from independent broker checking websites like WikiFX, shows MTRADING has a very low score, which means there are serious problems. The main worries are about whether it's properly regulated and the troubling number of customer complaints.

Original 2026-05-08 17:33

Core Prime Withdrawal & Deposit: What You MUST Know Before Funding Your Account

For any trader, understanding how to move funds is extremely important. How you add funds to your account and, more importantly, how you take them out, including the profits earned on the platform, can shape your entire trading experience. You are likely here looking for specific information about Core Prime deposit and Core Prime withdrawal methods. This guide will explain the payment options the broker claims to offer. However, knowing the process is only part of the story. The other, more important part involves understanding the risks and whether the broker can be trusted. A nice-looking website and many payment options mean nothing if your capital is not safe. The main question we need to ask is not just *how* you can withdraw funds, but *if* you can. Can you trust that your funds will be safe and your withdrawal requests will be processed? Let's look at the facts.

Original 2026-05-08 14:58