The Financial Conduct Authority (FCA) has banned the following brokers in its most recent warning, given on February 7, 2023. FCA as one of the major financial authorities in the world always protects the public against investing in unauthorized or suspected fraud brokers. Let's see which brokers are newly listed on the blacklist.
BARRON FINANCIAL SOLUTIONS LTD
BROOKWAY LOANS LTD
TFX Pro
BLENDFX TRADE
FLEXIBLE WEALTH EXCHANGE
CAPITAL LLC
DESTINATION GLOBAL CORP LTD
ALGORAND CAPITAL
WEALTH PARAMOUNT
FINANCE EXPERTS LTD
EQUAL PROS
CRYPTO VISUALMINING
TARCORD BANK
All firms and individuals offering, promoting, or selling financial services or products in the UK have to be authorized or registered by the FCA.
The entities listed above are neither licensed nor authorized by the FCA and are targeting people in the UK. You will not have access to the Financial Ombudsman Service or be protected by the Financial Services Compensation Scheme (FSCS), so you are unlikely to get your money back if things go wrong.
Click on the link to see the FCA-authorized brokers: https://www.wikifx.com/en/regulator/8262479796.html？source=fma3
The WikiFX app as a medium platform for 30 financial regulators across the globe, makes it simple to verify forex broker licenses and read insightful reviews. Simply search for the name to get the details. Anyone looking for information, tactics, trading strategies, or market trend analysis may read “WikiFX Education and News” which covers everything about Forex.
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Download link: https://www.wikifx.com/en/download.html？source=fma3
