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FCA Issues Red Alert: 7 Unlicensed Brokers You Must Avoid!

WikiFX | 2025-09-08 20:03

Abstract:The FCA (Financial Conduct Authority) has issued another warning to forex traders, highlighting a new list of brokers operating without its approval. Make sure to check the list to protect yourself from unlicensed brokers.

The FCA (Financial Conduct Authority) has issued another warning to forex traders, highlighting a new list of brokers operating without its approval. Make sure to check the list to protect yourself from unlicensed brokers.

Name: Invest Primo

Address: 3505 Harrison Avenue, Beaumont, TX 77706

Email: support@investprimo.live,

support@app.investprimo.live

Website: www.investprimo.live, www.app.investprimo.live/services

img_v3_02pu_ffe9ddaf-b1de-4633-9120-000f4df4a01g.jpg

_______________________________________________________________

Name: NEX BRIDGE FX

Telephone: 07495719324

Email: info@nexbridgefx.com

Website: www.nexbridgefx.com

img_v3_02pu_6ed2fb24-9b40-40fc-baa6-d90b77a65f1g.jpg

_______________________________________________________________

Name: AuroraStocks / aurorastocks.com (Clone of FCA Authorised Firm)

Telephone: +447779923066, +447700199477

Email: support@aurorastocks-advisor.com,

official@aurorastocks-advisor.com,

analyst@aurorastocks-advisor.com,

compliance@aurorastocks-advisor.com,

official@aurorastocks.com

img_v3_02pu_ef19b318-35df-4dd8-94e4-69d3e88c94bg.jpg

_______________________________________________________________

Website: aurorastocks.com, advisor-aurorastocks.com

Name: Globalex Capital

Address: Glasgow, UNITED KINGDOM

Email: partnerships@globalexcapital.com,

support@globalexcapital.com,

academy@globalexcapital.com,

affiliates@globalexcapital.com

Website: www.globalexcapital.com

img_v3_02pu_5f03c65a-6a07-4883-a268-0f808f72391g.jpg

_______________________________________________________________

Name: ITrustCapital

Address: HIGH ST, ELTHAM, UNITED KINGDOM, SE9 1TD

Email: support@itrustcapital.top

Website: www.itrustcapital.top

img_v3_02pu_f2734c5f-ef01-438e-918b-226aadd9b59g.jpg

_______________________________________________________________

Name: Evo Capital / evoluxcapital.com

Address: 99, Chancery Street, Auckland, NEW ZEALAND, 1010

London, UNITED KINGDOM

Telephone: +441975968567

Email: support@evoluxcapital.net,

help@evoluxcapital.com

Website: https://evoluxcapital.com/

img_v3_02pu_525ecbd4-07fc-4450-9838-a694c42d49dg.jpg

_______________________________________________________________

Name: FXonet

Website: www.fxonetapp.net

ed1fc073-9090-409f-9029-54fdc5912183.jpeg

Why FCA Warning Should Never Be Ignored?

When the FCA issues a warning, it means a broker is offering financial services in the UK without the required license. This is serious. The FCA is one of the most trusted financial regulators in the world, and their job is to protect your money.

FCA warning really means:

• The broker is not approved or regulated by the FCA

• Its illegal for them to offer services in the UK

• Your money is not protected under UK financial rules

• If they vanish with your funds, youre left with no legal support

Always check the FCA Register before trusting any broker with your investments.

10 Smart Ways to Avoid Scam

Protecting yourself from forex scams is easier than you think — just follow these simple steps:

1. Check the broker‘s license – Make sure they’re regulated by a trusted authority.

2. Say no to unlicensed brokers – If they‘re not regulated, they’re not safe.

3. Verify contact details – Make sure their phone number, email, and address match official sources.

4. Watch out for big promises – Dont believe “get rich quick” claims.

5. Start with a demo account – Test the platform before investing real money.

6. Read what others say – Online reviews can reveal red flags.

7. Do your own research – Dont rely only on what the broker says.

8. Dont rush into decisions – Scammers love pressure tactics.

9. Report shady behavior – Help others by reporting suspicious activity.

10. Keep records – Save emails, chats, and transaction history for proof.

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Related broker

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

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As we examine plexytrade, we come across attractive terms like opening the account with just $50 and enjoying 100% tradable bonus and 120% cash bonus. These terms can prompt anyone to open a plexytrade trading account. But as an informed trader, you need to go beyond these marketing terms. What is the real-time trading experience? Are users receiving the benefits as promised? The plexytrade reviews shared by users online indicate that not everything is good at this broker. Traders have claimed pending withdrawals, high slippage eating into their margins and unwanted account suspensions by the broker. In this article, we have examined user allegations as well as provide our in-depth perspective into the broker’s regulatory status.

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The moment the SQUARED FINANCIAL review column opens, a pattern of disturbing complaints appears, demonstrating massive user frustration over alleged withdrawal denials for months, fund disappearance from the platform, frequent login issues and more. These may be user allegations, but the lack of response from the broker side on many such reviews causes some doubt over this Seychelles-based brokerage firm. This article thus aims to provide an insight into the growing user resentment considering the nature of their complaints found until June 2026. Additionally, we will share the broker’s offerings and regulatory framework, allowing you to figure it out better.

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Telegram Banned in India? Here's What Traders Must Do Next

Yes, it’s true! The Government of India decided to ban Telegram in the country on June 16, 2026, surprising many who rely on this platform for daily trading alerts & advisories. The ban has taken effect under Section 69A of the IT Act as part of the government’s plan to stop fraud during the NEET-UG re-examination. According to reports, fraudulent rackets were selling fake question papers for amounts ranging from INR 5,000 to 50,000. But the ban, which will be effective until June 22, 2026, affects far more than students. It transcended from a messaging blockout to a sudden disengagement from the app that shaped many traders’ daily routine over time. Out of the 15 crore plus unique registered investors in India, a large chunk sought trading tips, market news, along with buy and sell signals on Telegram. It must have taken investors by surprise. But is the ban detrimental to traders, or is there something more than meets the eye?

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