Home -
Exposure -
Main body -

WikiFX Express

Exness
XM
TMGM
EC markets
FXTM
AVATRADE
FOREX.com
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
1.44
Website:https://www.lamellefinancialconsultants.com/
2-5 years | Suspicious Regulatory License | Suspicious biz area | High potential risk
Score
1.44
No Regulation
Winfxmarkets
Company name:Winfxmarkets LTD
Score
1.43
Website:https://winfxmarkets.com/index.html
2-5 years | Suspicious Regulatory License | Suspicious biz area | High potential risk
Score
1.43

Read more

FXORO Review: Investigating Withdrawal Denial and Fund Scam Allegations

FXORO, a Seychelles-based forex broker, has been receiving quite a few negative reviews from traders. Looking at the overall complaints, traders are not happy with the way the broker handles withdrawal issues. Even more concerning is the loss due to its alleged advice of not using risk management tools. Some traders even alleged to have been taken advantage of by the broker’s officials. In this FXORO review article, we have collected a list of complaints against the broker. Keep reading to know about them.

Original 2026-02-27 21:22

EPFX Exposure: Examining Complaints Concerning Withdrawal Denials & Account Blocks

Lured into trading on the EPFX platform with an attractive bonus that did not come to your account? Was your profile disabled by the broker upon raising a technical query concerning a profit withdrawal request? Did the South Africa-based forex broker deny you access to withdraw your hard-earned capital from the platform? Have you faced account closure by the EPFX broker without any reason? These alleged scams have become the centre of discussion on broker review platforms. We have shared these complaints in this EPFX review article. Keep reading!

Original 2026-02-27 19:59

Arena Capitals Complete Review: Finding High Risks and Major Warning Signs

Is Arena Capitals a safe and trustworthy broker? The evidence gives us a clear answer: no. Our research into Arena Capitals shows a high-risk business that doesn't have the basic protections needed to keep investor capital safe. The main reason for this conclusion is that no respected financial authority regulates them at all. This main problem gets worse when you add extremely low trust scores on checking websites, official warnings telling traders to stay away, and a troubling pattern of user complaints, especially about not being able to withdraw funds. Based on our study of public information, we strongly recommend against opening an account or investing in Arena Capitals. This Arena Capitals review will explain the evidence behind this warning, helping you make a smart and safe choice.

Original 2026-02-27 18:57

Monaxa Scam Exposed: Withdrawal Delays and Fraud

Monaxa scam exposed: denied payouts, downtime, profit manipulation, weak offshore license. Protect your money—read full broker review now!

Original 2026-02-27 18:25

WikiFX Express

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

WikiFX Broker

FXTM

FXTM

Regulated
ATFX

ATFX

Regulated
XM

XM

Regulated
FXCM

FXCM

Regulated
IC Markets Global

IC Markets Global

Regulated
D prime

D prime

Regulated
FXTM

FXTM

Regulated
ATFX

ATFX

Regulated
XM

XM

Regulated
FXCM

FXCM

Regulated
IC Markets Global

IC Markets Global

Regulated
D prime

D prime

Regulated

WikiFX Broker

FXTM

FXTM

Regulated
ATFX

ATFX

Regulated
XM

XM

Regulated
FXCM

FXCM

Regulated
IC Markets Global

IC Markets Global

Regulated
D prime

D prime

Regulated
FXTM

FXTM

Regulated
ATFX

ATFX

Regulated
XM

XM

Regulated
FXCM

FXCM

Regulated
IC Markets Global

IC Markets Global

Regulated
D prime

D prime

Regulated

Latest News

Retail Trading Momentum Extends into 2026, Reshaping FX and CFD Activity

WikiFX
2026-02-25 10:13

Stock Trading Guru Scams Contractor Out of RM1.2 Million with ‘Guaranteed Profits’

WikiFX
2026-02-25 15:24

FX SmartBull Regulation: Understanding Their Licenses and Company Information

WikiFX
2026-02-25 16:09

CONSOB Blocks Five More Unauthorised Investment Websites as Online Scam Tactics Evolve

WikiFX
2026-02-25 09:37

Neptune Securities Exposure: Real Forex Scam Warnings

WikiFX
2026-02-25 17:58

ProMarkets Review: Total Forex Scam Alert

WikiFX
2026-02-27 18:15

Clone Broker Alert: Darwinex, AIM & Spreadex Targeted

WikiFX
2026-02-27 16:37

1,789 Victims, Nearly $300 Million Lost: Gold High-Return Scam Exposed

WikiFX
2026-02-26 13:58

Admiral Markets Review: Regulation, Licences and WikiScore Analysis

WikiFX
2026-02-26 16:44

UPFOREX Regulatory Status: A 2026 Deep Dive into Its Licenses and Risks

WikiFX
2026-02-26 19:21

Rate Calc

USD
CNY
Current Rate: 0

Amount

USD

Available

CNY
Calculate

You may also like

DECFX

DECFX

Coin Mining Hub

Coin Mining Hub

Oyi

Oyi

Digitaldailyreturn

Digitaldailyreturn

CapitalHub

CapitalHub

Platinum GlobalFx

Platinum GlobalFx

TREAL CAPITAL

TREAL CAPITAL

GTCFx

GTCFx

Trust-gain

Trust-gain

Stockfish FX Limited

Stockfish FX Limited