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Scam Alert: Revealing Top Four Forex Scam Tactics Employed to Dupe Investors

15 Brokers FCA Says "Are Operating Illegally" Beware!

WikiFX

| 07-18

Abstract：If a reputable regulator issues a warning about unlicensed brokers, it's important to take it seriously — whether you're a trader or an investor. Here is a list you can check out- be cautious and avoid getting involved with these scam brokers.

If a Reputable regulator Such as FCA issues a warning about unlicensed brokers. You must take Seriously whether you ar e a trader or an investor. Here is a list you can check out- be cautious and avoid getting involved with these scam brokers.

1. Name: WealthForge/www.Wealthforge.ltd

Address: 36 CHAIRMINSTER ROAD, BOURNEMOUTH, BH8 8UW

Mobile: 07721558697

Email: admin@wealthforge.ltd

Website: https://wealthforge.ltd/

2. Name: Trader Chenix

Website: https://https://trader-chenix.net/, https://traderchenix.net/

3. Name: Wealth Phantom / wealth-phantom.net

Website: www.wealth-phantom.net

4. Name: Quantum Income / quantum-income.net

Website: www.quantum-income.net

5. Name: Safestaker.com

Address: 56 Frys Lane, Everton, Lymington, UNITED KINGDOM, SO41 0JY

Email: support@safestaker.com

Website: https://safestaker.com

6. Name: AccuTrader Plus

Website: www.accutraderplusapp.net

7. Name: Trade App / trade-appai.net

Website: www.trade-appai.net

8. Name: Power Trades

Website: www.power-trades-ai.net, www.powertradesapp.net

9. Name: TradeGPT / tradegpt-ai.net

Website: www.tradegpt-ai.net

10. Name: cryptohopperapp.net

Website: www.cryptohopperapp.net

11. Name: Trading Pro Lexipro

Website: www.trading-pro-lexipro.net, www.trading-pro-lexipro.net, www.tradingprolexipro.net, www.tradingprolexipro.net

12. Name: Lunovex Trader 4.1

Website: www.lunovextrader41.net

13. Name: FUSIONTRADE

Address: 12 Throgmorton Avenue, London, EC2N 2DL

Email: support@fusiontrade.online

Website: https://fusiontrade.org/

14. Name: VINCOS LIMITED

Address: 1st Floor 35 Park Lane, London, W1K 1RB

Mobile: 07903056291

Email: contact@vincoslimited.com

Website: https://vincoslimited.com/

15. Name: EvoluxeTrade

Address: 44 Essex Rd, Taunton, TA1 3EE

Email: support@evoluxetrade.com

Website: https://evoluxetrade.com/

Find 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.

Check this Important Article too - www.wikifx.com/en/newsdetail/202507187734246343.html

FCA Warns You

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.

Become a Member of the WikiFX Community & Get the Latest Updates

Investment scams have become a reality in the Forex market. While trading forex, you can avoid these scams by staying informed and alert. Therefore, be attentive and stay updated with fraud alerts. With WikiFX, you can get all the information you need about the Forex market, fraud alerts, and the latest news related to Forex trading all in one place. Join the WikiFX Community by scanning the QR Code at the bottom.

Steps To Join

1. Scan the QR code below

2. Download the WikiFX Pro app

3. After installing, tap the Scan icon at the top right corner

4. Scan the code again to complete the process

5. Congratulations! You have Joined the Group

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.

Forex trading Forex Broker Forex news forex market fca Scam Alert Ponzi Scheme Investment Scam Fraud Alert Broker

Scam Alert: Revealing Top Four Forex Scam Tactics Employed to Dupe Investors

Related broker

No Regulation

EvoluxeTrade

https://evoluxetrade.com/

1.23

Score

1-2 yearsSuspicious Regulatory LicenseSuspicious biz areaHigh potential risk

1.23

Score

WikiEXPO Dubai 2025 Concludes Successfully — Shaping a Transparent, Innovative Future

On November 11, WikiEXPO Dubai 2025, hosted by WikiGlobal and co-organized by WikiFX, successfully concluded. As one of the world’s most influential Fintech expos, this event brought together more than 570 regulatory representatives, industry leaders, and innovation pioneers from across the globe. Through in-depth discussions on core issues such as regulatory compliance, the forex market, investment strategies, and sustainable finance, the event delivered a profound experience that masterfully blended intellectual depth with actionable insights.

Original 3h

The 5%ers Review: Is it a Scam or Legit? Find Out from These Trader Comments

Did you face reduced leverage and hiked fees without any explanation from The 5%ers broker? Do you find The 5%er rules strange for getting a funded account from this prop trading firm? Has the broker closed your trade inappropriately, preventing you from making gains in the forex market? All these allegations have dominated The 5%ers review segment online. Looking at this, the WikiFX team investigated and found some startling comments against the broker. In this article, we have shared those complaints. Read on!

Original 4h

BROKSTOCK Exposed: Traders Report Login Errors, Withdrawal Issues & Incompetent Customer Support

Is your BROKSTOCK trading account full of inefficiencies? Do the recurrent BROKSTOCK login errors prevent you from opening and shorting positions at a favorable price? Has the broker failed to honor your withdrawal requests? Do you face order execution price issues? Has the customer support service failed to resolve your queries? You are not alone! In this BROKSTOCK review article, we have shared some complaints that need a close introspection. Read on to explore them.

Original 5h

OmegaPro Review: Traders Flood Comment Sections with Withdrawal Denials & Scam Complaints

Has your deposit and withdrawal scenario worsened after the initial good experience at OmegaPro, a UK-based forex broker? Does the broker ask you to invest when withdrawing your funds? Did the broker officials trap you with their false promises of compound interest on your deposit? Have you found it impossible to transfer funds from your OmegaPro login to another broker’s account? Do you witness a lack of support when dealing with these unfortunate trading circumstances? These are no longer isolated complaints — they have allegedly become the reason for OmegaPro’s tarnished trust and reputation within the trading community. Read on as we share the OmegaPro review in this article.

Original 7h