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New List of Unauthorized Firms That Have Been Warned By FCA
Abstract：Online trading has become the most popular alternative way for many people to make money. The United Kingdom is one of the nations with a large number of merchants. As a consequence, one of the UK's key financial authorities is keeping a careful eye on organizations that operate only to mislead people.
Online trading has become the most alternate method for many to generate money. The UK is one of the countries that have a lot of traders. As a result, one of the UK's major financial regulators is closely monitoring firms that simply exist to defraud consumers.
WikiFX App has been listed not only as a regulated firm but also unregulated to help people easily verify the legitimacy of a firm or a broker.
Almost every day, the FCA publishes a list of businesses that have been permitted and cautioned.
Here is the list of firms issued by the FCA dated December 19, 2022:
HAPPY PENNY UK
STONEBRIDGELIMITED
METAFX PAY TRADING
TOUCH CASH FX
PROPNEX LTD
POWERBITFXSIGNAL
PIPER FX
SAXOFXCOMPANY
PELAGIABANK
VANTAGEFX365
CHRIMAFX
FXMINIM
PRETRADEFX
HFX SWIFTCAPITA
SAY NO TO DEBTS
CHANDFXLTD
CAPITEXTFX
CRYPTOBOASTING
STANDARD CRYPTOCURRENCY
Final words
Indeed, we can easily get attracted to trading offers without knowing the regulatory status of a firm, because many people don't know how to verify it. This is the reason why a lot of people are getting scammed.
WikiFX App is a search engine platform for online trading that provides regulatory information about a broker. It also provides daily news, trading tools, reviews, and exposures about a broker.
By using this app more often, we can avoid landing on scam brokers.
Stay tuned for more Forex Broker news.
Use the download link below to download and install the WikiFX App to stay updated on the latest news, even on the go.
Download link: 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.
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