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

Octa Strengthens User Protection Amid Rising Scam Threats

10 Unlicensed Brokers Exposed – Check Now to Stay Safe!

WikiFX

| 2025-07-07

Abstract：Traders need to stay informed, as scam brokers are active in the forex market. It's a basic rule for forex beginners to stay updated and check the Warning List. Here is the Warning List of unauthorized brokers you should avoid.

Traders need to stay informed, as scam brokers are active in the forex market. It's a basic rule for forex beginners to stay updated and check the Warning List. Here is the Warning List of unauthorized brokers you should avoid.

1. Name: Flipcoin

Address: London

Email: support@flipcoin.exchange

Website: www.flipcoin.exchange

2. Name: elitepipsfx

Address: 60 Gresham Street, London, EC2V, 7BB

Mobile: 07846608772

Email: info@elitepipsfx.com

Website: https://elitepipsfx.com/

3. Name: Norinchuckin UK Bank London/norinchukinuk.com (Clone of FCA authorised firm)

Email: noreply@norinchukinuk.com,

info@norinchukinuk.com

Website: www.norinchukinuk.com

4. Name: London Block exchange/LBX

Address: 1 Canada Square, London, E145AB

Website: www.lbx.com

5. Name: Savexa

Mobile: +447822107974

Email: support@savexa.com

Website: www.savexa.com

6. Name: Quantafxai

Address: 16-18 Monument St, London, UNITED KINGDOM, EC3R 8AJ

275 Slater St. #900, ON Ottawa, CANADA, K1P 5H9

Email: support@quantafxai.io

Website: www.quantafxai.io

7. Name: BullUndBear

Address: 167-169 Great Portland Street, London, UNITED KINGDOM, W1W 5PF

Mobile: +447520637318

Email: support@bullundbear.com

Website: www.bullundbear.com

8. Name: MaxAi Trader

Address: Elmfield Rd, Broadway, Bromley, UNITED KINGDOM, BR1 1LW

Telephone: +448455642134

Email: support@maxaitrader.com

Website: www.maxaitrader.com

9. Name: TRADERS PROFIT

Address: 25 St Mary Axe, London, EC3A 8AA

Email: support@tradersprofit.live

Website: https://tradersprofit.live

10. Name: Moneywise / moneywisemarketplace.com

Email: info@moneywisemarketplace.com,

paul@moneywisemarketplace3.co.uk

Website: https://moneywisemarketplace.com/

FCA Said

The Financial Conduct Authority (FCA) stated that these firms may be offering or promoting financial services or products without its authorization. The FCA warns clients to avoid dealing with these firms and beware of scams.These firms are not authorized and may be involved in swindling peoples money. Stay alert—investment scams are becoming increasingly common. While forex beginners are often the main targets, even experienced traders are now falling victim too.

Check this article too - www.wikifx.com/en/newsdetail/202507072324611571.html

Find the FCA Warning List Here

The latest list is available on the official FCA website. To view it, visit the website, go to the News section, and click on Warnings to see the latest list of scam brokers.

Stay Updated—Join WikiFX Community

Want to stay informed about the latest forex news and scam alerts in the forex market? Whether you're a beginner or an experienced trader, join our Telegram community: WikiFX India. We focus solely on educational updates, forex news, and market insights. We focus solely on educational updates, forex news, market insights, and verified promotional alerts related to the global forex market.

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.

Learn basic forex Forex Broker Forex news forex market Basic forex knowledge forex beginners Scam Alert Investment Scam

Octa Strengthens User Protection Amid Rising Scam Threats

Related broker

No Regulation

Savexa

Trade Tide Ltd

https://www.savexa.com/en/

1.22

Score

1-2 yearsSuspicious Regulatory LicenseSuspicious biz areaHigh potential risk

1.22

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