Abstract:UK’s FCA adds Ledger Light FX, fx-alpha.com, RIFA FX, InvestCAN, and NitroPrime to its unauthorised list. Learn the risks of unregulated brokers and how to stay alert.
The UK Financial Conduct Authority (FCA) has published new warnings against five firms suspected of offering financial services without proper authorisation. These entities are not registered with the FCA, meaning they lack the permissions required to provide investment or trading services in the United Kingdom. Engaging with such firms places investors at risk of losing their funds with little or no recourse.
Ledger Light FX has been flagged as operating without FCA approval. Investors are advised to avoid all contact with this entity.
Despite presenting itself as a UK-based trading platform, fx-alpha.com is not authorised to provide investment services.
RIFA FX has built a strong online presence through social media platforms, but the FCA has confirmed it holds no authorisation to operate in the UK.
The platform InvestCAN is also named in the latest warning list. No evidence of authorisation was found.
NitroPrime claims to provide capital trading services but is not recognised by the FCA.
The FCA emphasises that dealing with firms not authorised in the UK leaves investors without access to regulatory protections, including the Financial Ombudsman Service or the Financial Services Compensation Scheme (FSCS). If problems arise, recovering funds may be extremely difficult.
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