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FCA Issues New Warnings: 23 Unauthorised Firms to Avoid

WikiFX
| 2025-08-07 16:11

Abstract:Stay informed with the latest FCA alerts. Learn which 23 unauthorised firms to avoid and how to protect your funds from forex and investment scams.

FCA Warns the Public Against 23 Unauthorised Financial Firms

The UK Financial Conduct Authority (FCA) has issued a fresh round of warnings targeting 23 unauthorised firms allegedly offering financial services in the UK without authorisation. These companies, spanning forex trading, crypto investments, and AI-driven platforms, are not registered with the FCA and may pose significant risks to investors.

Engaging with these entities could result in financial losses, as customers are not covered by the Financial Ombudsman Service or the Financial Services Compensation Scheme (FSCS). Below, we outline the flagged firms and highlight red flags you should watch out for.

Key Unauthorised Firms on the FCA List

  1. GuardCrypto

    Website: www.guardcrypto.net

  2. Cynavatrader

    Website: https://cynavatrader.net

  3. GenalixTrader

    Website: https://genalixtraderapp.net

  4. XavonixTrader

    Website: www.xavionixtrader.net

  5. triumphfx.net

    Website: www.triumphfx.net

  6. gfxcapital.net

    Website: www.gfxcapital.net

  7. Super Beta FX

    Address: 77 Massachusetts Ave, Cambridge, Massachusetts

    Phone: +18142183833

    Email: support@superbetafx247.xyz

    Website: www.superbetafx247.xyz

  8. Benefit Assets

    Address: 7645 Cordner Street, Laselle, QC, Canada, H8N 2X2

    Email: support@benefitassets.net

    Website: www.benefitassets.net

  9. Cryptonest FX(No contact details provided)
  10. Qilexo Trader

    Website: www.qilexotrader.net

  11. Trade Elvarin

    Website: www.trade-elvarin.net

  12. Aeralyn Tradeon

    Website: https://aeralyn-tradeon.net

  13. TradeSynthIQ 4.7

    Website: www.tradesynthiq-47.net

  14. Cristal Traderium

    Website: www.cristal-traderium.net

  15. SWIFT-HANDELSMUNZEFX

    Email: support@swift-handelsmunzefx.live

    Website: https://swift-handelsmunzefx.live/

  16. Trader 9000 Lidex

    Website: www.trader9000lidex.net

  17. Quantum Asset AI

    Website: www.quantum-asset-ai.net

  18. MaxionixTrader 1.9 Flex

    Website: www.maxiontrader-19-flex.net

  19. ALGO WAVE FX LTD

    Addresses: The Concourse, 1 Poultry, London EC2R 8EN; 207 Batchley Road, Redditch B97 6JB

    Emails: support@algowavefxtrade.live, support@algowavefx.live

    Website: www.algowavefx.live

  20. Trade AvaPro 5000 (0.5)

    Website: www.trade-avapro-5000.net

  21. Trade 10 Evista

    Website: www.trade10evista.net

  22. Nexiron Trader 2.1 Flex

    Address: Upper Woburn Place, London WC1H 0AF

    Email: info@nexirontrader.net

    Website: https://nexirontrader.net

  23. Platform AI Invest / aiinvestapp.net

    Website: www.aiinvestapp.net

What This Means for Investors

If youve been approached by any of these firms, or are considering using their services, take immediate caution. These companies are not authorised to offer financial services in the UK, and using their platforms could leave you without access to dispute resolution or compensation schemes.

Many unauthorised firms operate under false pretences, using fake addresses, cloned websites, or stolen contact details to appear legitimate. Always verify before investing.

How to Protect Yourself

  • Check the FCA Register before dealing with any investment or trading platform.
  • Use verified sources like WikiFX Broker Search to confirm a brokers regulatory status.
  • Stay Informed through reliable forex scam alerts and industry updates.

Final Thoughts

While the financial industry is filled with legitimate opportunities, it's also littered with fraudsters hoping to exploit uninformed traders. Always be cautious, perform due diligence, and consult trustworthy resources like WikiFX to avoid falling victim to scams.

fca

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