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Never Invest in These 5 "No License”- Scam brokers
Abstract：These are scam brokers operating without licenses. Therefore, it becomes risky to trust these brokers for Forex trading. These brokers will most probably swindle your money and make you penniless. To avoid this situation, check out the list below carefully. This is the warning list issued by the Financial Conduct Authority (FCA).
These are scam brokers operating without licenses. Therefore, it becomes risky to trust these brokers for Forex trading. These brokers will most probably swindle your money and make you penniless. To avoid this situation, check out the list below carefully. This is the warning list issued by the Financial Conduct Authority (FCA).
Unauthorised firm details
1. Name: Hoho-trading.com
Address: Fifth Floor, Hatton Garden, London, UNITED KINGDOM, EC1N 8LE
Email: support@hoho-trading.com
Website: www.hoho-trading.com
2. Name: Grimbix
Email: support@grimbix.io
Website: https://grimbix.io
3. Name: Afxgroups
Email: support@afxgroups.net
Website: https://afxgroups.net
4. Name: Reflex-miner.com
Email: support@reflex-miner.com
Website: www.reflex-miner.com
5. Name: Premium Stocks
Address: 60a Station Road, North Harrow, UNITED KINGDOM, HA2 7SL
Email: support@premiiumstock.info
Website: www.premiiumstock.info
How to Protect your Money ?
1. Check Broker License
Verify with your country's financial regulator (like SEC, FCA, ASIC, etc.).
2. Avoid Unrealistic Promises
Be wary of guaranteed returns, high profits with no risk — classic red flags.
3. Stay Educated
Knowledge is your best defense. Read Reviews on different platforms.
4. Do Background Research
Look up online reviews (Trustpilot, Reddit, forums). Do Proper Research.
5. Ask for Documentation
Request official documents such as the brokers license, registration number, regulatory certificates, and proof of authorization from recognized financial authorities like the FCA, ASIC, or CySEC. Always verify these documents directly through the official websites of the regulators to ensure they are genuine and up to date.
Read this Article- www.wikifx.com/en/newsdetail/202507144344837846.html
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Please note: This article is for informational purposes only and does not constitute financial advice.
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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