UK watchdog Issues warning against six Fraudulent brokers

The Financial Conduct Authority (FCA) flagged six forex brokers as Fraudulent on 24 July 2023. The list includes: Capital Expert Trade, Encore Capitals, AVACAPITALTRADE, Debt Advice Group, ELITECRYPTOTRADE24, STOCKSBIT FXTRADES. Have a look and stay away from them.

Name: Capital Expert Trade

Address: 2709 N Hayden Island, Dr STE 350719, Oregon, Portland, UNITED STATES OF AMERICA, 97217

Telephone: +14307550462

Email: support@standardhifx.ga

Website: www.capitextrade.com

Name: Encore Capitals / ECR Capitals Limited

Address: 130 Old Street, London, UNITED KINGDOM, EC1V 9BD

Telephone: +441273807865

Email: admin@encorecapitals.com,

support@encorecapitals.com

Website: www.encorecapitals.com

Name: AVACAPITALTRADE / AVA CAPITAL TRADE / DE-LIGHTTRUSTPROOF

Address: 1 Wood Street, Bolton, UNITED KINGDOM, BL1 1EB

Email: support@avacapitaltrade.com,

support@de-lighttrustproof.com

Website: https://avacapitaltrade.com, https://de-lighttrustproof.com

Name: Debt Advice Group / www.debtadvicenow.co.uk

Address: Unit 3, 6 John Brannan Way, Bellshill, ENGLAND, ML4 3HD

Telephone: 01412642010

Mobile: 07564614120

Email: info@debtadvicenow.co.uk

Name: ELITECRYPTOTRADE24

Address: London, UNITED KINGDOM, SE1 9PG

Email: support@elitecryptotrade247.com,

support@elitecryptotrade24.com

Website: https://elitecryptotrade247.com, www.theforexgainers.com

Name: STOCKSBIT FXTRADES

Address: 66 Great Suffolk street, London, UNITED KINGDOM, SE1 0BL

5A Hatfields, London, England, UNITED KINGDOM, SE1 9PG

101 WEST BROADWAY, SAN DIEGO, UNITED STATES OF AMERICA, CA 92101

Email: support@auto5cryptofxpro.com,

info@stocksbitfxtraders.com

Website: https://stocksbitfxtraders.com

According to FCA, These firms may be providing financial services or products without our authorisation. FCA warned all Investors, They should avoid dealing with these firms and beware of potential scams. The FCA has advised investors to avoid these brokers and to report any suspicious activity to the authorities.

The FCA has also reminded investors to be vigilant when dealing with forex brokers and to conduct proper due diligence before investing any money. Investors should check the FCA's register of authorized firms to ensure that the broker they are dealing with is legitimate.

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