Home -
Exposure -
Main body -

WikiFX Express

TMGM
Exness
XM
FXTM
GTCFX
EC markets
AVATRADE
FOREX.com
IC Markets Global
D prime

WikiFX Scam Alert: Avoid Dealing With These FCA Unauthorized Firms

WikiFX | 2023-01-24 15:51

Abstract:List of confirmed unauthorized firms that are providing financial business and must be avoided by the public.

FINANCIAL CONDUCT AUTHORITY.png

The Financial Conduct Authority (FCA) is a regulatory body in the United Kingdom that is responsible for supervising financial firms and markets to ensure they operate in an honest, fair, and effective manner. It is an independent body, and is accountable to the UK Parliament, through the Treasury. The FCA is also responsible for protecting and enhancing the integrity of the UK financial system.

FCA releases a daily list of unauthorized firms daily as a result of their investigation gathered from whistleblowers across the globe.

Dated January 23, 2023 list of confirmed firms that are illegally providing financial business to the public.

LAMELLE FINANCIAL CONSULTANTS LTD

Screenshot_1.png

WINFXMARKETS

Screenshot_2.png

BANCO AMIGAVEL INTERNACIONAL

Screenshot_4.png

EQUITI CAPITAL MARKETS

Screenshot_5.png

CZ-CHANGPENG FX

Screenshot_6.png

GCT TRADING

Screenshot_7.png

How does the Financial Conduct Authority protect consumers?

The Financial Conduct Authority (FCA) protects consumers by implementing and enforcing regulations that ensure financial firms and markets operate in a fair, transparent, and accountable manner. Some ways in which the FCA protects consumers include:

  • Setting and enforcing rules for financial firms: The FCA sets out rules and guidelines for firms to follow, and has the power to fine or revoke the licenses of those that fail to comply.

  • Conducting supervisory activities: The FCA conducts regular inspections and reviews of financial firms to ensure they are following the rules and regulations.

  • Providing education and information: The FCA provides consumers with information and resources to help them make informed financial decisions.

  • Resolving complaints: The FCA handles complaints from consumers and works to resolve disputes between consumers and financial firms.

  • Protecting vulnerable customers: The FCA has specific rules and guidance in place to protect vulnerable customers, such as those who are elderly or have a mental illness.

  • Prohibiting the sale of harmful products: The FCA may take action against firms that sell financial products that are likely to cause harm to consumers.

  • Promoting competition: The FCA aims to promote competition in the financial markets to ensure that consumers have access to a wide range of products and services at fair prices.

  • How do the financial conduct authorities maintain awareness to the public against scam investments?

    The Financial Conduct Authority (FCA) employs several strategies to maintain awareness among the public about potential scam investments. Some of these include:

    • Warning the public: The FCA regularly publishes alerts and warnings on its website and through other channels, such as social media and the press, to inform the public about potential scam investments and how to avoid them.

    • Investor education: The FCA provides a range of educational resources, such as guides and videos, to help the public understand how to identify and avoid potential scam investments.

    • ScamSmart campaign: The FCA runs an ongoing campaign called ScamSmart, which aims to raise awareness among the public about the risks of investment scams and how to protect themselves. This campaign includes social media, advertising, and partnerships with other organizations.

    • Helping to trace and recover lost funds: The FCA works with other authorities and organizations to trace and recover lost funds from scam investments.

    • Scam reporting: The FCA encourages members of the public to report any suspected scam investments to the FCA so that it can take appropriate action.

    • Collaborating with other regulatory bodies: The FCA works closely with other regulatory bodies, such as the police, to share information and intelligence about potential scam investments and take coordinated action to protect the public.

    • Encouraging firms to maintain good practices: The FCA encourages firms to maintain good practices and to have robust systems in place to detect and report potential scams, which in turn can help to prevent further scamming.

    • Stay tuned for more FCA Alerts.

      You can install the WikiFX App on your smartphones through the download link below to stay updated on the latest news on the go.

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

      Footer-New.jpg
Fraud AlertScam Alertforex marketBasic forex knowledgeForex newsForex BrokerForex AnalysisForex tradingLearn basic forexknowledgeDealerBroker

Related broker

Not Regulated
LAMELLE FINANCIAL
Company name:LAMELLE FINANCIAL CONSULTANTS LIMITED
Score
1.46
Website:https://www.lamellefinancialconsultants.com/
2-5 years | Questionable Regulatory License | Suspicious Operational Region | High Potential Risk
Score
1.46
Not Regulated
Winfxmarkets
Company name:Winfxmarkets LTD
Score
1.45
Website:https://winfxmarkets.com/index.html
2-5 years | Questionable Regulatory License | Suspicious Operational Region | High Potential Risk
Score
1.45

Read more

Copy Trading Gone Wrong? The Mistakes That Could Wipe Out Your Entire Trading Account

We all love trading geniuses and their strategies that earn them profits season after season. And we also love following them to make our investment journey seamless. Copy trading is one such tactic that beginners employ to enter the forex market. What do most of them usually do? They pick an experienced investor from the list and let the platform replicate every trade automatically. The fact that experienced traders continually earn profits, the feeling of copying their trades remains intense. However, the uncertain forex landscape can bite you hard by simply copying trades and not focusing on technical analysis and the charts during the day. Beginners can have a set of preconceived notions that can potentially open the gate for losses. In this article, we have highlighted such mistakes traders should avoid.

Original 2026-07-03 21:02

amari Capital Review 2026: One Trader Alleged Order Glitches, Another Claimed Fund Losses. Read on!

amari Capital, a Saint Lucia-based brokerage firm, may have limited user feedback. However, users only highlight the cons that warrant immediate attention from the broker officials to prevent a further dip in its trust score, which already sits at a low of 1.80 out of 10, according to the WikiFX data. Users have openly claimed foul play while trading on the platform. This amari Capital review aims to uncover those allegations against the broker.

Original 2026-07-03 19:16

Same Currency Pair, But Different Prices on Two Brokers? The Reason May Shock You!

Forex traders often wonder why the same currency pair, for instance, EUR/USD, shows 1.17450 on one broker but 1.17455 on another. This difference creates suspicion among traders, often leading to wrong calls and losses. Calm your nerves first by understanding that small price variations are normal and are a reflection of the global forex market’s operation. The forex market is decentralized with no single exchange or official price for any currency pair. That is some revelation for new forex traders. So, what’s the methodology for price determination? It is derived from an expanded network of financial institutions, banks, liquidity providers and brokers globally. So, as a forex trader, you must understand the price structure thoroughly to stay out of unnecessary chaos and continue to reap rewards.

Original 2026-07-02 21:38

VITTAVERSE Review 2026: The Broker Deleted My Profits Citing Rule Violation. But Where is the Proof?

Whether it’s South Asia, Western Asia, Europe or America, users all over are basically asking this: Why is VITTAVERSE cancelling my profits without providing any evidence? While they may be user allegations, a large volume of such complaints creates suspicion, if not affirmation, about the broker’s alleged involvement in profit cancellations. Users also complained about massive withdrawal delays in the name of ‘Account Review’ or ‘Account Upgrade’. This VITTAVERSE review article closely examines user allegations, including those concerning profit deletions, by the Seychelles-based brokerage firm. To give you a fair idea of its legitimacy, we have also provided a regulatory overview of the broker.

Original 2026-07-02 20:05

WikiFX Express

TMGM
Exness
XM
FXTM
GTCFX
EC markets
AVATRADE
FOREX.com
IC Markets Global
D prime

WikiFX Broker

FXTM

FXTM

Regulated
XM

XM

Regulated
FXCM

FXCM

Regulated
AVATRADE

AVATRADE

Regulated
Ultima

Ultima

Regulated
Exness

Exness

Regulated
FXTM

FXTM

Regulated
XM

XM

Regulated
FXCM

FXCM

Regulated
AVATRADE

AVATRADE

Regulated
Ultima

Ultima

Regulated
Exness

Exness

Regulated

WikiFX Broker

FXTM

FXTM

Regulated
XM

XM

Regulated
FXCM

FXCM

Regulated
AVATRADE

AVATRADE

Regulated
Ultima

Ultima

Regulated
Exness

Exness

Regulated
FXTM

FXTM

Regulated
XM

XM

Regulated
FXCM

FXCM

Regulated
AVATRADE

AVATRADE

Regulated
Ultima

Ultima

Regulated
Exness

Exness

Regulated

Latest News

WHITEFOREX Review 2026: I Am Not the Only Victim of Its Profit Seizure Activity; Users Say This!

WikiFX
2026-07-01 20:06

Vonway Forex Review: No Regulation, Withdrawal Complaints, and a Broker Warning

WikiFX
2026-07-01 18:00

Finalto Review 2026: Regulation, Trading Environment, and Platform Access Risks

WikiFX
2026-07-01 18:00

Rupee Logs Quarterly Gain; Yen Hits 40-Year Low

WikiFX
2026-07-01 11:00

Belgium’s FSMA Flags 25 Fraudulent Trading Platforms

WikiFX
2026-07-02 12:30

EPFX Review 2026: Should You Trade with This Broker?

WikiFX
2026-07-02 11:51

Cash Trust Scheme Cost 1,800 Victims More Than RM100 Million

WikiFX
2026-07-02 19:51

THEFALCON MARKETS Review 2026: Is This Forex Broker Safe?

WikiFX
2026-07-03 12:00

ACY Securities Review: Regulation Warnings, Withdrawal Pain, and Broker Risk Signals

WikiFX
2026-07-03 15:00

Trading Pro Review: Withdrawal Complaints, FCA Warning, and Broker Risk Exposed

WikiFX
2026-07-03 15:00

Rate Calc

USD
CNY
Current Rate: 0

Amount

USD

Available

CNY
Calculate

You may also like

ASL

ASL

HAWK CREDPEAK

HAWK CREDPEAK

WealthW-group

WealthW-group

Capital Reliance

Capital Reliance

M1CRYPTOTRADING

M1CRYPTOTRADING

VAULTCRYPTOASSET

VAULTCRYPTOASSET

FIRST CITI ASSETS

FIRST CITI ASSETS

Catalyst Markets

Catalyst Markets

payward TRUST

payward TRUST

ALPHAVINN

ALPHAVINN