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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.

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