Which brokers received warning by the FCA on June 1st, 2023?

On June 01, 2023, Financial Conduct Authority (FCA) added three unauthorized brokers to the Blacklist. They are not FCA-licensed. Investors should exercise caution if they are dealing with these unregistered financial institutions. Here are the names and screenshots of these brokers.

Name: TRADEPROFITS

Address: 381 Midsummer Boulevard, Acron House, Milton Keynes, UNITED KINGDOM, MK9 3HP

Email: info@tradeprofitsltd.com

Website: https://tradeprofitsltd.com

Other Information: TRADE PROFITS

Name: CGEXXPLOITCAPITAL

Website: https://cgexxploitcapital.com

Other Information: CG EXXPLOIT CAPITAL

Name: DG Security

These brokers or financial firms are not permitted to provide financial services in the United Kingdom. The FCA has issued warnings that these companies may be running fraud. So kindly stay away from that. Choose a financial firm that has been authorized by a respected financial organization. Checking if your investment is properly licensed is the best way to assure that it is in excellent hands and fully complies with all rules. Whom do you believe if you don't believe the warnings of the FCA, a respectable financial regulator？

When we searched the Wikifx website for these brokers. We discovered that these brokers are not regulated. Furthermore, they all have extremely low scores. It denotes risk. Investors must take the FCA's warnings seriously and avoid investing with these firms. We are sharing screenshots of those brokers with you. Have a look and be safe.

About FCA

Financial Conduct Authority (FCA) is a regulatory body in the UK . The FCA's main role is to protect consumers by regulating financial products and services, promoting competition, and ensuring that financial firms are financially stable. The FCA also has the power to investigate and take enforcement action against firms that breach its rules and regulations.

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