Global Broker Regulation Inquiry App

WikiFX

Broker Search

English

简体中文

繁體中文

English

Pусский

日本語

ภาษาไทย

Tiếng Việt

Bahasa Indonesia

Español

हिन्दी

Filippiiniläinen

Français

Deutsch

Português

Türkçe

한국어

العربية

Download

WikiFX Express

Be Cautious! Unregulated FX Broker FxNextGen is Warned by Austria FMA

The FCA Has Released A New List Of Unlicensed Brokers

WikiFX

| 2023-01-18

Abstract：The FCA, the UK's financial watchdog, has released a new batch list of unauthorized firms suspected of providing financial services to people in the UK and other countries.

The FCA Has Released A New List Of Unlicensed Brokers.png

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.

Unauthorized businesses, also known as unregulated firms, are intent on deceiving you since their primary purpose is to steal your money and never return it. People currently believe that one of the finest methods to benefit from their investments is via internet trading. They are readily swayed by offers without understanding the quality of the company. This is due to a misunderstanding of the compliances required for a broker to be permitted to offer financial services or investments.

This explains why the number of fraudsters far outnumbers the number of genuine ones.

The FCA never misses a single day in issuing public warnings to avoid doing business with the aforementioned businesses.

The following is a list of businesses that have been warned by the FCA as of January 17, 2023.

AMTOP MARKETS LTD

CENTRAHOMA STONE BANK

ELITE CAPITAL INVEST

APEXMARKET LTD

FXCFTRADERS

LOST WALLET LIMITED

TOP-MINER

WikiFX, as a media platform, assists the FCA in keeping an eye on fraudulent organizations by requesting people all around the world to report any poor or unlawful activity in the online trading market. Traders may use the site to discuss negative experiences they've had with their brokers, and WikiFX will report the event to the appropriate financial authorities.

Final words

To prevent scam brokers, do thorough research and only interact with recognized, licensed organizations. It is also prudent to invest with prudence and never invest more than you can afford to lose. Furthermore, be wary of any broker who guarantees assured profits or claims to have insider market knowledge. Before creating an account, always check the firm's registration and compliance with regulatory bodies. It's also a good idea to go online for consumer reviews and concerns.

Stay tuned for more unauthorized firms

Download and install the WikiFX App for your mobile device from the download link below, the App Store, or the Google Play Store.

Link to download: 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.

Be Cautious! Unregulated FX Broker FxNextGen is Warned by Austria FMA

Related broker

Unverified

Amtop Markets Ltd

https://amtoppd.com/en

1.43

Score

2-5 yearsSuspicious Regulatory LicenseSuspicious biz areaHigh potential risk

http://www.amtop.xyz/

1.43

Score

2-5 yearsSuspicious Regulatory LicenseSuspicious biz areaHigh potential risk

https://www.apexmarketltd.com/

1.42

Score

2-5 yearsSuspicious Regulatory LicenseSuspicious biz areaHigh potential risk

https://www.amtopwd.com/en

1.42

Score

2-5 yearsSuspicious Regulatory LicenseSuspicious biz areaHigh potential risk

Top-miner Investment Company

https://www.top-miner.net/

1.42

Score

2-5 yearsSuspicious Regulatory LicenseSuspicious biz areaHigh potential risk

1.42

Score

Capital FX Review: No License and Withdrawal Complaints

Capital Fx shows no valid regulation on WikiFX, and reviews cite withdrawal problems and steep fees. Read the warning signs on the WikiFX App.

Original21m

Former Web3 Fund Executive Accused of Fraudulently Selling Fake Crypto Investment Deals

Criticism has emerged within the cryptocurrency industry following reports alleging that Kampanat Wimonnot, a former Web3 fund executive, was involved in a fraudulent investment scheme involving fake pre-token deals linked to well-known blockchain projects. According to the allegations, the scheme used documents and information that were claimed to be fabricated in order to create the appearance of legitimacy and attract investors. At least 24 victims from multiple countries have reportedly been affected, with losses ranging from tens of thousands of dollars to more than US$1 million. The incident highlights the risks associated with private allocation crypto deals and underscores the importance for investors to verify information directly with the originating project before making any investment decisions.

Original1h

OspreyFX Review: Do Traders Face High Slippage and Wide Spreads?

Are your funds stuck with OspreyFX, a Saint Vincent and the Grenadines-based forex broker? Does your trade execution price always remain far away from the requested price due to heavy slippage? Does the broker, contrary to its claims of low-cost trading experience, widen spreads to inflate your costs? Like others, do you always witness constant fund withdrawal denials by the broker? In this OspreyFX review article, we have investigated complaints against the forex broker. Read on!

Original19h

Xlibre Deposit and Withdrawal Methods: A Complete 2026 Review

When choosing a broker, how you move capital in and out of your account is extremely important. Investing funds and withdrawing them out are not just simple tasks - they show whether a broker is trustworthy and works properly. It doesn't matter if putting money in is easy if you can't get your money back out. This guide explains Xlibre deposit and withdrawal methods, but we also talk about managing risks and being careful. Sometimes it's easy to deposit funds in an account, but very hard to take out your profits and original capital. Our main goal is to keep your funds safe by giving you a clear analysis of how these processes work and, more importantly, what risks they involve.

Original21h