WikiFX Scam Alert: Why You Must Alert To FX STOCK？

Can you trust a bad broker who has been officially exposed by the FCA？On December 9th, the FCA updated its warning list, and FX STOCK is also included.

FX STOCK was blacklisted by the Financial Conduct Authority in the UK, which warned on December 9, 2022 that FX STOCK has been pretending was authorized by FCA to offering its financial service in the UK. You may see the warning on the screenshot below.

According to the FCA, FX STOCK is not authorized to offer financial services in the UK. In fact, the FCA has stated that this is not a licensed broker and therefore you would not be end to any protections. Such warnings prove with almost absolute certainty that a company is running some sort of scam – so refrain from choosing shady enterprises that have received the negative attention of reputable financial authorities like the FCA. The only way to be sure that your investment is in good hands and that you would be treated fairly and in accordance with all laws would be to turn to a licensed, legitimate broker.

WikiFX also paid a visit to the brokers official website to learn more. So far, its official website is still accessible, proving that FX STOCK is still deceiving investors, their tricks didn't stop with the FCA's warning. According to its website, it's clear that the company is attempting to flout the FCA's warning to prove it was a legitimate company.

FX STOCK does not have trading software. The website doesnt even mention this basic forex trading tool and and there is no link to download the trading software. In the dashboard WikiFX only sees was the “Discover it now” button, which I tried to turn on but found to be invalid.

FX STOCK did not specify the terms of the transactions. On its website, you can't see the minimum deposit, leverage, spread and other trading conditions, nor do you know the deposit method and withdrawal conditions. Anyway, all the specific terms of the deal you want to know are not mentioned here. Apparently, there's only one reason he's doing this – Matrix's trying to trick green hand to invest first, but it's hard to get your money out once you put it in.

In conclusion, trusting a broker like FX STOCK is simply not worth it – you will certainly end up robbed. The so-called brokerage is nothing more than an outright scam, which is in the spotlight of a recent investigation by the British financial authorities, who have already blacklisted the website for targeting UK customers without proper authorization.

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.

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!