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Abstract:The UK's regulator, the Financial Conduct Authority, exposed an unauthorized firm. The firm is offering its services without any regulation.
UK's regulator, Financial Conduct Authority, exposed an unauthorized firm. The firm is offering services without any regulation. The company is deceiving people by selling their services and products. Here you can see the details of the unauthorized entity and avoid it.
Unauthorised Firm Details
Name: UNIFXHUB
Email: info@unifxhub.com
Website: www.unifxhub.com
According to the authority, this firm is not authorized by us and may be targeting people in the UK. FCA Says If you deal with this firm, You also won't be protected by the Financial Services Compensation Scheme (FSCS) if things go wrong.
FCA Authorised Firms give you greater protection if things go wrong.The authority advised Consumers They should only deal with financial firms that are authorized by FCA.
WikiFX Review
When we checked the status of the broker on WikiFX, we found it is an unlicensed broker with no rating at all. Also, WikiFX issued a warning against the broker stating that
Warning: Low score, please stay away!
It has been verified that this broker currently has no valid regulation. Be aware of the risk.
Bottom Line
This broker is unlicensed, which raises significant concerns about the safety and security of your funds. Without proper regulation, there‘s no guarantee of fair practices or consumer protection. For your financial security, it’s strongly recommended to avoid investing with this broker and instead choose one that is fully licensed and regulated.
WikiFX is your one-stop shop. It keeps you up-to-date with the latest market news and also empowers you to make informed decisions with its comprehensive broker evaluation tools. Assess a broker's regulatory status, read reviews, and check the broker's reliability & History—all in one place! Visit the WikiFX website now and transform your trading experience.
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.