Home -
Exposure -
Main body -

WikiFX Express

Exness
EC markets
TMGM
XM
FXTM
FOREX.com
AVATRADE
IC Markets Global
FXCM
STARTRADER

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

No Regulation
LAMELLE FINANCIAL
Company name:LAMELLE FINANCIAL CONSULTANTS LIMITED
Score
1.43
Website:https://www.lamellefinancialconsultants.com/
2-5 years | Suspicious Regulatory License | Suspicious biz area | High potential risk
Score
1.43
No Regulation
Winfxmarkets
Company name:Winfxmarkets LTD
Score
1.42
Website:https://winfxmarkets.com/index.html
2-5 years | Suspicious Regulatory License | Suspicious biz area | High potential risk
Score
1.42

Read more

Headway Broker Regulation and User Reviews

Headway Broker review: FSCA license exceeded, unregulated claims, and 86+ user complaints.

Original 2025-12-16 18:30

GTCFX Golden Falcon Awards 2025: Global Trading Excellence Shines in Dubai

Against the iconic backdrop of Ain Dubai, GTCFX hosted its Annual Golden Falcon Awards 2025. This year's ceremony showcased the evolution of the GTCFX brand and the achievements made throughout the past year. Compared to last year’s event, the 2025 ceremony expanded significantly in scale, attracted a larger global audience, and demonstrated how GTCFX continues to broaden its presence across international markets.

Original 2025-12-16 18:18

GFS Exposed: The "Australian" Broker Trap Draining Traders' Capital

In the complex world of online trading, a broker's regulatory status is the only safety net standing between a trader and financial ruin. Our investigation into GFS reveals a disturbing disconnect between its marketing claims and its operational reality. With a WikiFX Score of only 1.55/10, GFS lacks valid regulation and has been flagged for severe issues ranging from exorbitant hidden fees to the sudden deletion of client accounts. This report exposes the mechanisms used to trap investor funds.

Original 2025-12-16 18:00

Vida Markets Regulation and Broker Review

Vida Markets regulation exceeded under FSCA. Broker review covers accounts, platforms, and risk considerations.

Original 2025-12-16 17:35

WikiFX Express

Exness
EC markets
TMGM
XM
FXTM
FOREX.com
AVATRADE
IC Markets Global
FXCM
STARTRADER

WikiFX Broker

FXTM

FXTM

Regulated
ATFX

ATFX

Regulated
XM

XM

Regulated
Blueberry Markets

Blueberry Markets

Regulated
GMI

GMI

Regulated
CPT Markets

CPT Markets

Regulated
FXTM

FXTM

Regulated
ATFX

ATFX

Regulated
XM

XM

Regulated
Blueberry Markets

Blueberry Markets

Regulated
GMI

GMI

Regulated
CPT Markets

CPT Markets

Regulated

WikiFX Broker

FXTM

FXTM

Regulated
ATFX

ATFX

Regulated
XM

XM

Regulated
Blueberry Markets

Blueberry Markets

Regulated
GMI

GMI

Regulated
CPT Markets

CPT Markets

Regulated
FXTM

FXTM

Regulated
ATFX

ATFX

Regulated
XM

XM

Regulated
Blueberry Markets

Blueberry Markets

Regulated
GMI

GMI

Regulated
CPT Markets

CPT Markets

Regulated

Latest News

Libertex Investigation: When "Expert Advice" Leads to Total Ruin

WikiFX
2025-12-15 16:36

Change Review: The Broker Faces Massive Complaints on KYC Goof-ups and Fund Blocks

WikiFX
2025-12-15 17:57

FINRA Imposes $150,000 Fine on Kingswood Capital Partners Over Supervisory Failures

WikiFX
2025-12-15 18:09

A Collapse In Germany's Chemical Sector Is A Bad Omen

WikiFX
2025-12-15 11:30

Is CICC Broker Safe? CICC Regulation Check & In-Depth Review

WikiFX
2025-12-15 17:39

Deriv Review: Is This Popular Broker Legit or Risky?

WikiFX
2025-12-15 15:02

EZINVEST Exposure: When a "Personal Advisor" Becomes Your Portfolio’s Worst Enemy

WikiFX
2025-12-15 19:00

Saxo Bank Review 2025: Regulatory Status and Safety Score

WikiFX
2025-12-16 13:00

FXORO Under the Microscope: Revoked Licenses and The "Advisory" Trap

WikiFX
2025-12-16 10:33

XXLMARKETS Review: Regulatory Status and Trading Conditions

WikiFX
2025-12-16 11:00

Rate Calc

USD
CNY
Current Rate: 0

Amount

USD

Available

CNY
Calculate

You may also like

MINERS PROFIT

MINERS PROFIT

SOFII-INVEST

SOFII-INVEST

Capexion

Capexion

Trade Lives Trade

Trade Lives Trade

Fusion Capital Investment

Fusion Capital Investment

JOINT INVESTMENT COMPANY

JOINT INVESTMENT COMPANY

algobi

algobi

ALLIED HOLDINGS

ALLIED HOLDINGS

AGMELITES

AGMELITES

ELITE DIGITAL MARKET

ELITE DIGITAL MARKET