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WikiFX Alert: FCA's Unwanted Brokers Should Be Avoided By The Public
Abstract：The Financial Conduct Authority (FCA), the UK's financial watchdog, has published a fresh batch list of unlicensed businesses suspected of providing financial services to consumers in the UK and other countries.
The Financial Conduct Authority (FCA) is a regulatory body in the United Kingdom that oversees financial markets and firms to protect consumers and promote competition. The FCA is responsible for the regulation of conduct by financial firms, including banks, insurance companies, and investment firms. Its mission is to make markets work well for consumers and firms, by promoting competition and innovation and by ensuring that financial markets are fair, transparent, and stable. It also maintains the integrity of the UK financial system and makes sure that firms meet its rules and standards. The FCA also supervises and enforces laws and regulations related to financial services, including anti-money laundering and countering the financing of terrorism.
The new list of unregulated brokers warned by FCA dated January 18, 2023
ACTIVEPROTRADES / ACTIVEPROTRADES BROKERS
AMARINVEST LTD
EXCLUSIVE TRADE FX
CRYPTO VENTURE MONI
Final words
It is important for the public to be vigilant and informed in order to avoid falling victim to fraud. Remember to always research the firm and check if it is authorized and regulated by the Financial Conduct Authority (FCA). Be skeptical of unsolicited offers and don't give out personal information to firms you don't know or trust. Take your time before making financial decisions and be aware of red flags such as high-pressure tactics or unrealistic promises of high returns. Don't pay upfront fees, use the ScamSmart checker provided by the FCA, and if you suspect you have been a victim of fraud or have been approached by a fraudulent firm, contact the FCA and report the suspicious activities. It's important to remember that if something seems too good to be true, it probably is. Be cautious and always do your due diligence before making any financial decisions.
Stay tuned for more FCA news.
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Download link: https://www.wikifx.com/en/download.html
Disclaimer:
The views in this article only represent the author's personal views, and do not constitute investment advice on this platform. This platform does not guarantee the accuracy, completeness and timeliness of the information in the article, and will not be liable for any loss caused by the use of or reliance on the information in the article.
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Further Reading
221 Under Investigation as Scam Losses Cross RM28 Million in Two Weeks
Singapore authorities have concluded a major anti-scam enforcement operation that resulted in 221 individuals being placed under investigation for their alleged roles in a wide range of fraudulent schemes.
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Pepperstone Review 2026: Massive Deposit & Withdrawal Complaints Against This Regulated Broker
Have you experienced issues with Pepperstone deposit & withdrawal processing? From your experience, do you feel that the Australia-based forex broker causes losses to its clients? Did the brokerage entity freeze your account and give you a margin call? All these trading allegations have been rampant on broker review platforms such as WikiFX. This Pepperstone review article takes a close look at the user complaints, especially in 2026. Additionally, we have given an overview of the regulatory framework under which the brokerage entity operates.
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Wundersys vs tradgrip: Two Offshore Newcomers Go Head to Head — and Neither Brings Home a Trophy
Some broker comparisons end with a confident "go with this one." This is not one of them — and that honesty is exactly what makes it worth reading. Wundersys and tradgrip are two young, offshore-registered brokers that keep popping up in front of beginner traders, often through aggressive online marketing. Both promise the usual buffet: tight spreads, generous leverage, multiple account tiers. And both, according to WikiFX, sit near the very bottom of the safety scale. So instead of crowning a champion, this comparison is really about something more useful: learning to read the warning signs, understanding the small differences that still matter, and knowing why "the better of two risky options" is still a conversation about risk.
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