WikiFX Review: Is Forex Income a legit or scam broker?

With the rise of the Internet, the foreign exchange market has leapt to become the most liquid and traded financial market in the world. With this, a large number of different kinds of foreign exchange transactions have emerged, so how should investors choose among the many Forex brokers？Today I want to talk to you about Forex Income and analyze whether this forex broker is trustworthy.

Forex Income claimed to be based in UK and licensed by the local financial institute. To find out if a forex broker is trustworthy, check first that it is registered and authorized with a local financial institution.

We can see from figures above that the query result is quite negative –there is a brokerage named as Forex-income.ltd was warned by Financial Conduct Authority(FCA), which said Forex-income.ltd is not authorized but offered financial services and products in the UK. All members of the British public should be careful and stay away from it. Meanwhile, no registration information for Forex Income was found at the FCA.

This is another red flag, warnings from Britain's most authoritative financial institution that you should take seriously. For the safety of your money, stay away from this kind of brokers that are not authorised or warned by the FCA.

In addition, to get a better idea of Forex Income, WikiFX also paid a visit to its official website. However, the outcome was disappointed - the website is not accessible any longer.

Without access to the website, we cannot see for ourselves if it holds up to something like industry. As a forex broker, Its shocking that it does not have an official website or even the most basic information available to the public？ Actually, most of investors should be highly vigilant when they see this. Do investors still dare to invest in such platforms that does not even want to display basic information？

Moreover, in order to find out more about Forex Income, WikiFX made an attempt to access the domain tool to learn about the domain information.

As you can see from the chart above, https://forex-income.co/ is for sale. It was clear that the brokerage Forex Income had most likely gone bankrupt and run away with its customers' money.

Now let's search “Forex Income” on WikiFX APP to find out more about this broker. WikiFX is an authoritative global inquiry platform providing basic information inquiry and regulatory license inquiry. WikiFX can evaluate the safety and reliability of more than 36,000 global forex brokers. WikiFX gives you a huge advantage while seeking the best forex brokers.

As you can see, based on information given on WikiFX (https://www.wikifx.com/en/dealer/3587297439.html),Forex Income has no valid regulatory license and the score is rather negative - only 1.18/10! WikiFX gives brokers a score from 0 to 10. The higher the score is, the more reliable the broker is.

In a word, it's not wise to invest Forex Income. We recommend avoiding brokerage firms like Forex Income and choosing a legitimate brokerage instead. WikiFX reminds you that forex scam is everywhere, you'd better check the broker's information and user reviews on WikiFX before investing. You can also expose forex scams on WikiFX. WikiFX will do everything in its power to help you and expose scams, warn others not to be scammed. In addition, scam victims are advised to seek help directly from the local police or a lawyer.

WikiFX keeps track of developments, providing instant updates on individual traders and helping investors avoid unscrupulous brokers. If you want to know whether a broker is safe or not, be sure to open WikiFXs official website (https://www.WikiFX.com/en) or download the WikiFX APP through this link (https://www.wikifx.com/en/download.html) to evaluate the safety and reliability of this broker!