FCA warns of unauthorised firms in the UK by 2025

The UK Financial Conduct Authority (FCA) has provided information on a list of unauthorized warning firms through 2025.

The FCA is one of the most famous regulators in the world. It is responsible for regulating forex brokers and other financial entities.

Because of the regulator's strict regulatory laws, protection of customer funds, and company bankruptcy compensation rules, forex traders prefer to open trading accounts with forex brokers regulated by the FCA.

After Brexit takes effect, the FCA license will only be available to UK traders, and EU customers will not be able to use it. If forex companies want to reach EU customers, they must obtain an EU passport.

The brokers warned that they would make UK investors potential victims of fraud and even pose a security risk to uninformed global investors. If these brokers claim to be based in your country or region, please be cautious and verify their legitimacy with the local financial regulator.

WikiFX is a comprehensive forex broker database and information platform that has collected detailed information about these companies that investors should be wary of. Investors can search their names on WikiFX to find out why they are not recommended as an investment option.

The following brokers have been warned by the FCA during January 2025.

CRYPTOWELTRADE

Website: www.cryptoweltrade.com

ALPHA-EARN

Website: www.alpha-earn.com

GLOBALPROFITS

Website: https://globalprofits.ltd/

MACROFXTRADE

Website: https://macrofxtrade.com/

Smbcapitals

Website: https://smbcapitals.com/

Instantglobalpaytraee

Website: https://instantglobalpaytraee.com/

BETAFX OPTION

Website: www.betafxoption.com

GIANTTX

Website: www.gianttx.live

VAVATREE

Website: www.vavatree.com

CONSOLGANX

Website: https://consolganx.trade/

Apex FX

Website: https://apexfx.top

CRYPTO ADORER

Website: https://crypto-adorer.com/