FCA released the list of Unauthorised Brokers on 23 Aug,2023

The Prestigious regulator, Financial Conduct Authority (FCA), released a list of corrupt brokers on its official website on Aug 23, 2023. The FCA warned investors not to choose these brokers. Corrupt brokers refer to Firms in the financial industry that engage in unethical practices for personal gain. They manipulate markets, deceive clients, and misuse client funds for their own benefit. These brokers prioritise their own interests.

Name: ZENITHQUARRYMINING

Address: Firs Avenue, London, UNITED KINGDOM, N113NE

Email: support@zenithquarrymining.com

Website: www.zenithquarrymining.com

Name: BGDM FOREX

Website: https://bgdmforex.live

Name: COINFLUX TRADES MARKETS /COINFLUXTRADES LTD

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

Email: support@cft-innovationmarkets.online

Website: www.cft-innovationmarkets.online

Name: TRADEX / TRADE X

Email: manager@tradexion.com

Website: www.tradexion.com

Name: BLISS FOREX

Address: Kingston Road, South Wimbledon, UNITED KINGDOM

Mobile: +447451275912

Email: admin@bliss-forex.com

Website: www.bliss-forex.com

Name: Worldwide Expert Fx Trade

Address: 66 Great Suffolk Street, London, SE1 OBL

Email: support@worldwideexpertfxtrade.com

Website: www.expertfxtrade.com

Name: ARG Finance, ARG Finance Services Limited, ARG Personal Loans (Clone of previously authorised

Appointed Representative)

Telephone: +447487308148, +447585345254, +447440739056

Email: admin@lhub.online,

admin@lmatch.online,

admin@dealcart.site,

curtissharples1994@gmail.com

Website: Simonmose7820@gmail.com

Name: Cash Decision

Address: Fitz-James Ave, Hammersmith, W14 ORP

Mobile: 07507764210

Email: support@cashdecision.com

Website: https://cashdecision.com/

Name: QUICKFXEARNER

Telephone: 7404177285

Email: support@quickfxearner.com

Website: www.quickfxearner.com

Name: efficientinsolvencylimited.net

Email: admin@efficientinsolvencylimited.net,

info@efficientinsolvencylimited.net

Website: https://efficientinsolvencylimited.net

Name: FXravators

Address: 72 Broad St, Reading, United Kingdom, RG1 2AF

Email: support@fxravators.com

Website: www.fxravators.com

Name: CRYPTO-MININGEXPERT

Address: 72 Broad St, Reading, United Kingdom, RG1 2AAF

Email: support@crypto-miningexpert.com

Website: www.crypto-miningexpert.com

Name: Onward Trade Option

Address: 72 Broad St, Reading, United Kingdom, RG1 2AF

Email: support@onwardtradeoption.com

Website: www.onwardtradeoption.com

Name: Wind Forex Trading

Address: Canary Wharf, London, United Kingdom, E202

Email: info@windforex.biz

Website: www.windforex.biz

Name: NYMEX PIPS

Address: 72 Broad St, Reading, United Kingdom, RG1 2AF

Email: support@nymexpips.com

Website: www.nymexpips.com

Name: FXORBITAL TRADE

Address: 72 Broad St, Reading, United Kingdom, RG1 2AF

Email: support@fxorbitaltrade.org

Website: www.fxorbitaltrade.org

Name: ALLTRADERS PIPS

Address: 27 old Gloucester Street, London, United Kingdorm, WCIN 3AX

9110 Belvoir Woods Pky Fort Belvoir, Virginia(VA), United States, 22060

72 Broad St, Reading, United Kingdom, RG1 2AF

Email: info@alltraderspips.com

Website: www.alltraderspips.com

While exposing these unauthorised brokers, FCA stated that Almost all firms and individuals must be authorised by us if they offer, promote or sell financial products or services in the UK. But these firms are not authorised by us and target UK people.

The FCA has advised investors to avoid these brokers and to report any suspicious activity to the authorities. 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.

Install the WikiFX app on your smartphone to stay updated with latest news of Forex. WikiFX is a global forex broker regulatory enquiry platform that has investigated and reviewed more than 40,000 brokers, collaborating with more than 30 national regulators. To learn more about the security and reliability of your chosen brokers, visit www.wikifx.com or download our free app from Google Play or app store.