FCA warned !!!!Do not Trust on these Fraudulent Brokers

Financial Conduct Authority (FCA) has issued a warning against five unauthorised brokers on 25 May,2023. FCA has urged the public to be cautious and to avoid doing business with these brokers. Here are the names and screenshots of such brokers.

Name: XIP CAPITAL GROUPS

Address: Sir Georges Road, Southampton, UNITED KINGDOM, SO15 3AU

Admirals Court Drive, Greenhithe, Auckland, NEW ZEALAND

Email: support@xipcapitalgroups.com,

admin@xipcapitalgroups.com

Website: www.xipcapitalgroups.com, www.xipcapitalsgroup.com

Name: GROWFUNDSFX

Address: Sir Georges Road, Southampton, UNITED KINGDOM, SO15 3AU

Admirals Court Drive, Greenhithe, Auckland, NEW ZEALAND

Email: support@xipcapitalgroups.com,

admin@xipcapitalgroups.com

Website: www.growfundsfx.com

Name: FUNDSTRADEFX

Address: 71-75 Shelton Street, Covent Garden, London, UNITED KINGDOM, WC2H 9JQ

Bristol House, 67 Lower Sloane Street, London, UNITED KINGDOM, SW1W 8DD

Email: support@fundstradefx.com

Website: www.fundstradefx.com

Name: DIAMOND WEALTH MANAGEMENT INC.

Address: 111 John Street, New York, NY, UNITED STATES OF AMERICA, 10038

Telephone: +19176344810, +1917963113, +17196268021

Fax: +19176244810

Email: info@diamondwealthmgtinc.com

Website:

www.diamondwealthmgtinc.com

Name: Prime Markets / primemarkets.com

Address: 43 Greatport Land Street, London, UNITED KINGDOM, W1 W7LA

Telephone: +447893928242

Email: support@primemarkets.com

Website: www.primemarkets.com

According to the FCA, the three unauthorised brokers are operating without the necessary authorisation from the regulatory body. This means that they are not subject to the same regulations and oversight as authorised brokers. As a result, individuals who do business with these brokers are at risk of losing their money.

FCA has advised the public to only do business with authorised brokers. Authorised brokers are subject to strict regulations and oversight, which helps to protect consumers from fraud and other types of financial misconduct. The FCA has also urged anyone who has been scammed by these unauthorised brokers to report the incident to the regulatory body.

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