The UK FCA Has Added Unlicensed Forex Brokers To Its List Of Warnings

Forex fraudsters sometimes claim to be regulated in order to capture traders' faith. When trading forex, it is essential to examine the regulators' registries.

To safeguard investors' assets, financial authorities such as the UK FCA keep their blacklists updated, exposing fraudsters' claims.

On the other hand,

WikiFX has been monitoring unregulated brokers in order to protect its users from investing with unsuitable brokers. The data in the WikiFX database is sourced from legitimate regulatory bodies like the FCA, ASIC, and others. Fairness, impartiality, and facts are also emphasized in the released information. WikiFX does not charge public relations fees, advertising costs, ranking fees, data cleaning fees, or any other unreasonable expenses. WikiFX will do everything possible to keep the database consistent and synchronized with authoritative data sources such as regulatory bodies, but cannot promise that the data will always be up-to-date. The WikiFX site lists over 38,000 brokers, both legal and unregistered. The team is also collaborating with 30 banking regulators.

The UK FCA has issued warnings to seven unauthorized forex brokers for engaging in regulated operations in the UK without authorization. The following is a list:

1. Unlicensed Company-Europa Trade Capital

www.europatradecapital.com, www.europatradecapital.co, https://europatradingcapital.com/, and https://europatradecapital.io are some of the websites that you may visit.

02039360305, 02036175654, 02038079683, 01519470366, 02045254248 are the phone numbers.

07537183807, 07833849301, 07769707578, 07537121881, 07360264574 are mobile numbers.

Contact us at support@europatradecapital.com.

daina@europatrtadecapital.com,

bryanh@europatradecapital.co,

lucaf@europatradecapital.co,

davidm@europatradecapital.com,

davidc@europatrade.com,

alexanderr@europatradecapital.io

First Floor, First St. Vincent Bank Ltd., James Street, Kingstown, St. Vincent, and the Grenadines.

2. Zenfinex (Clone of an FCA Authorized Firm)

URL: https://zfxtrade.com

3. United Kingdom Lynx Fund (Clone of Authorized Representative)

URL: https://lynxfunduk.com/

13 Austin Friars Street, London, UNITED KINGDOM

4. Marlpark Limited Company/Marlparkltd.com Unauthorized Firm

URL: marlparkltd.com

Phone number: 02080971900

Contact us at support@marlparkltd.com.

75 King William Street, EC4N 7BE, London, UNITED KINGDOM

Other Information: Please keep in mind that this phony corporation has nothing to do with the UK-registered firm Marlpark Limited (UK company registration number 02141098). The legitimate firm does not provide any financial products. Scammers are fraudulently claiming the UK-registered firm's name and company number.

5. Capital for Trade Unity (Clone of Authorised Firm)

URL: https://tradeunity.co

Phone number: +358505634713

Bella Miller at bella.miller@tradeunity.co

bibi.gilbert@tradeunity.co,

support@tradeunity.co

6. FXOkami (Clone of Authorised Firm)

URL: https://fxokami.com

+44 (0) (0)2081443857

Contact us at info@fxokami.com.

Roppongi Grand Tower is located in Tokyo, Japan.

These businesses are offering financial services or products in the UK without the permission of the UK FCA. That means you won't be covered by the Financial Services Compensation Scheme (FSCS), and you'll be hard-pressed to get your money back if anything goes wrong.

When investing, the first thing you should do is check the licensing of the broker with whom you want to trade. If you have a query regarding a broker's regulation, you may look it up immediately on the WikiFX App.

WikiFX is always available for traders to report unfavorable experiences with their brokers and take the necessary actions to resolve the issue. WikiFX has the right to expose the unpleasant experiences of traders with their brokers to raise awareness among other traders.

You may contact WikiFX Customer Support directly or go to the official WikiFX website, register an account, and go to the exposed page.

WikiFX App may also be downloaded for free from the App Store and Google Play Store.