List of Eight Unauthorised Brokers Exposed by FCA on 29 June 2023

On 29 June 2023, One of the best financial regulators in the world, the Financial conduct authority (FCA) issued a warning against eight unauthorised brokers. The eight unauthorized brokers names are DENOXTRADE, stonefordholdings.com, IDENCOTRADE, MERJES GROUP, Wise-Income Limited, Shaw Global Trade, White Bull Safety, Arrow Fin Solutions

Name: DENOXTRADE

Address: 11 TERRICK RDELILAWNE65 9BN

Telephone: +44337477474

Email: support@denoxtrade.com

Website: www.denoxtrade.com

Name: stonefordholdings.com

Email: contact@stoneford-holdings.com

Website: www.stonefordholdings.com

Name: IDENCOTRADE

Address: Wrexham Rd, Whitchurch, UNITED KINGDOM

Website: www.idencotrade.com

Name: MERJES GROUP

Address: 122 Leadenhall Street, London, EC3V 4AB

Email: support@merjesgroup.com

Website: wwwmerjesgroup.com

Name: Wise-Income Limited

Address: 20 Guild Rd, Charlton, London, SE7 8HN

Email: support@wise-income.com

Website: www.wise-income.com

Name: Shaw Global Trade

Address: 15 Alexandra Corniche, Hythe, Kent, UNITED KINGDOM, CT21 5RW

Email: support@shawglobal.com,

admin@shawglobaltrade.com

Website: https://shawglobaltrade.com/

Name: White Bull Safety

Address: 11 Av/W 34 St, New York, United States, NY 10001

Email: support@whitebullsafety.net

Website: https://whitebullsafety.com/

Name: Arrow Fin Solutions

Address: Arrow Finance Solution LTD, 2 Ashington Park, Navan Road, Dublin 7, UNITED KINGDOM

Email: info@arrowfinsolution.com

Website: https://arrowfinsolution.com/

FCA warned investors not to invest with these brokers. However, they must be careful if they do, as these brokers lack broker licenses. Therefore, the risk may exist. They offer financial and investment services to clients without a license in the UK.

They are accused of engaging in some illegal activities by the FCA. A firm or broker must have FCA authorization to sell, offer, or promote any financial services in the UK. These brokers, however, do not adhere to this rule.

About FCA

Financial Conduct Authority (FCA) is a regulatory body in the UK . The FCA's main role is to protect consumers by regulating financial products and services, promoting competition, and ensuring that financial firms are financially stable. The FCA also has the power to investigate and take enforcement action against firms that breach its rules and regulations.

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