WikiFX Scam Alert: FCA Updates Blacklist of Unauthorized Brokers Dec 19!!!

To make things straight from the very beginning, on our next screenshots you may check the recent warnings issued on December 19th against the following illegal brokers by the Financial Conduct Authority (FCA) in the UK. The FCA, one of the best financial regulatory bodies in the world, has found reasons to distrust these brokers and has issued warnings on them – something that can definitely damage the reputation of even the best of brokers. Take a look:

Pelagiabank

Website: www.pelagiabank.com

Source: https://www.fca.org.uk/news/warnings/pelagiabank

SaxoFXCompany

Website: www.saxofxcompany.online

Source: https://www.fca.org.uk/news/warnings/saxofxcompany

Piper Fx

Website: www.piperfx.com

Source: https://www.fca.org.uk/news/warnings/piper-fx

Powerbitfxsignal

Website: www.powerbitfxsignal.com

Source: https://www.fca.org.uk/news/warnings/powerbitfxsignal

PROPNEX LTD

Website: www.propnexltd.com

Source: https://www.fca.org.uk/news/warnings/propnex-ltd

TOUCH CASH FX

Website: https://touchcashfx.com

Source: https://www.fca.org.uk/news/warnings/touch-cash-fx

METAFX PAY TRADING

Website: https://metafxpaytrading.com

Source: https://www.fca.org.uk/news/warnings/metafx-pay-trading

According to the FCA, none of these brokers is authorized to offer financial services in the UK. In fact, the FCA has stated that these are not licensed brokers and therefore you would not be entitled to any protections. Such warnings prove with almost absolute certainty that a company is running some sort of scam – so refrain from choosing shady enterprises that have received the negative attention of reputable financial authorities like the FCA. The only way to be sure that your investment is in good hands and that you would be treated fairly and in accordance with all laws would be to turn to a licensed, legitimate broker.

WikiFX reminds you that forex scam is everywhere, you'd better check the broker's information and user reviews on WikiFX before investing. You can also expose forex scams on WikiFX. WikiFX will do everything in its power to help you and expose scams, warn others not to be scammed.

WikiFX keeps track of developments, providing instant updates on individual traders and helping investors avoid unscrupulous brokers. If you want to know whether a broker is safe or not, be sure to open WikiFXs official website (https://www.WikiFX.com/en) or download the WikiFX APP through this link (https://www.wikifx.com/en/download.html) to evaluate the safety and reliability of this broker!