Home -

Main body -

WikiFX Express

TMGM

Never Invest in These 5 "No License”- Scam brokers

WikiFX | 2025-07-14 18:43

Abstract：These are scam brokers operating without licenses. Therefore, it becomes risky to trust these brokers for Forex trading. These brokers will most probably swindle your money and make you penniless. To avoid this situation, check out the list below carefully. This is the warning list issued by the Financial Conduct Authority (FCA).

These are scam brokers operating without licenses. Therefore, it becomes risky to trust these brokers for Forex trading. These brokers will most probably swindle your money and make you penniless. To avoid this situation, check out the list below carefully. This is the warning list issued by the Financial Conduct Authority (FCA).

Unauthorised firm details

1. Name: Hoho-trading.com

Address: Fifth Floor, Hatton Garden, London, UNITED KINGDOM, EC1N 8LE

Email: support@hoho-trading.com

Website: www.hoho-trading.com

2. Name: Grimbix

Email: support@grimbix.io

Website: https://grimbix.io

3. Name: Afxgroups

Email: support@afxgroups.net

Website: https://afxgroups.net

4. Name: Reflex-miner.com

Email: support@reflex-miner.com

Website: www.reflex-miner.com

5. Name: Premium Stocks

Address: 60a Station Road, North Harrow, UNITED KINGDOM, HA2 7SL

Email: support@premiiumstock.info

Website: www.premiiumstock.info

How to Protect your Money ?

1. Check Broker License

Verify with your country's financial regulator (like SEC, FCA, ASIC, etc.).

2. Avoid Unrealistic Promises

Be wary of guaranteed returns, high profits with no risk — classic red flags.

3. Stay Educated

Knowledge is your best defense. Read Reviews on different platforms.

4. Do Background Research

Look up online reviews (Trustpilot, Reddit, forums). Do Proper Research.

5. Ask for Documentation

Request official documents such as the brokers license, registration number, regulatory certificates, and proof of authorization from recognized financial authorities like the FCA, ASIC, or CySEC. Always verify these documents directly through the official websites of the regulators to ensure they are genuine and up to date.

Read this Article- www.wikifx.com/en/newsdetail/202507144344837846.html

Stay Updated—Join WikiFX Community

Want to stay informed about the latest forex news and Scam Alert, Whether you're a forex beginner or an experienced trader, join our Telegram community: WikiFX India. We focus solely on educational updates, forex news, market insights, and forex market.

Please note: This article is for informational purposes only and does not constitute financial advice.

Investment Scam Scam Alert Forex Broker Forex news forex market

Related broker

Not Regulated

GRIMBIX

Company name：Verydigital Limited Liability Company

Score

1.22

Website：https://grimbix.io/en/home

1-2 years | Questionable Regulatory License | Suspicious Operational Region | High Potential Risk

Score

1.22

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