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15 Brokers FCA Says "Are Operating Illegally" Beware!

WikiFX | 2025-07-18 18:45

Abstract:If a reputable regulator issues a warning about unlicensed brokers, it's important to take it seriously — whether you're a trader or an investor. Here is a list you can check out- be cautious and avoid getting involved with these scam brokers.

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If a Reputable regulator Such as FCA issues a warning about unlicensed brokers. You must take Seriously whether you ar e a trader or an investor. Here is a list you can check out- be cautious and avoid getting involved with these scam brokers.

1. Name: WealthForge/www.Wealthforge.ltd

Address: 36 CHAIRMINSTER ROAD, BOURNEMOUTH, BH8 8UW

Mobile: 07721558697

Email: admin@wealthforge.ltd

Website: https://wealthforge.ltd/

2. Name: Trader Chenix

Website: https://https://trader-chenix.net/, https://traderchenix.net/

3. Name: Wealth Phantom / wealth-phantom.net

Website: www.wealth-phantom.net

4. Name: Quantum Income / quantum-income.net

Website: www.quantum-income.net

5. Name: Safestaker.com

Address: 56 Frys Lane, Everton, Lymington, UNITED KINGDOM, SO41 0JY

Email: support@safestaker.com

Website: https://safestaker.com

6. Name: AccuTrader Plus

Website: www.accutraderplusapp.net

7. Name: Trade App / trade-appai.net

Website: www.trade-appai.net

8. Name: Power Trades

Website: www.power-trades-ai.net, www.powertradesapp.net

9. Name: TradeGPT / tradegpt-ai.net

Website: www.tradegpt-ai.net

10. Name: cryptohopperapp.net

Website: www.cryptohopperapp.net

11. Name: Trading Pro Lexipro

Website: www.trading-pro-lexipro.net, www.trading-pro-lexipro.net, www.tradingprolexipro.net, www.tradingprolexipro.net

12. Name: Lunovex Trader 4.1

Website: www.lunovextrader41.net

13. Name: FUSIONTRADE

Address: 12 Throgmorton Avenue, London, EC2N 2DL

Email: support@fusiontrade.online

Website: https://fusiontrade.org/

14. Name: VINCOS LIMITED

Address: 1st Floor 35 Park Lane, London, W1K 1RB

Mobile: 07903056291

Email: contact@vincoslimited.com

Website: https://vincoslimited.com/

15. Name: EvoluxeTrade

Address: 44 Essex Rd, Taunton, TA1 3EE

Email: support@evoluxetrade.com

Website: https://evoluxetrade.com/

Find FCA Warning List Here

The latest list is available on the official FCA website. To view it, visit the website, go to the News section, and click on Warnings to see the latest list of scam brokers.

Check this Important Article too - www.wikifx.com/en/newsdetail/202507187734246343.html

FCA Warns You

The Financial Conduct Authority (FCA) stated that these firms may be offering or promoting financial services or products without its authorization. The FCA warns clients to avoid dealing with these firms and beware of scams.These firms are not authorized and may be involved in swindling peoples money. Stay alert—investment scams are becoming increasingly common. While forex beginners are often the main targets, even experienced traders are now falling victim too.

Become a Member of the WikiFX Community & Get the Latest Updates

Investment scams have become a reality in the Forex market. While trading forex, you can avoid these scams by staying informed and alert. Therefore, be attentive and stay updated with fraud alerts. With WikiFX, you can get all the information you need about the Forex market, fraud alerts, and the latest news related to Forex trading — all in one place. Join the WikiFX Community by scanning the QR Code at the bottom.

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Related broker

Not Regulated
EvoluxeTrade
Company name:EvoluxeTrade
Score
1.31
Website:https://evoluxetrade.com/
2-5 years | Questionable Regulatory License | Suspicious Operational Region | High Potential Risk
Score
1.31

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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.

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