FCA Issues warning against four brokers

Today, UKs Regulator Financial Conduct Authority, (FCA) released a list of fraudulent brokers operating in the Forex Market. The list compiled four fraud brokers' detailed information such as their name, location, and social media platform. Have a look and stay Safe.

Name: Citi Wave Fx

Address: Manchester, UNITED KINGDOM

Email: support@citiwavefx.com

Website: www.citiwavefx.com

Name: THE-EXFX PLATFORM

Telephone: +17808540903

Email: support@the-exfxplatform.live

Website: https://the-exfxplatform.live/

Name: CRYPTO ELEVATED

Address: 3rd Floor, 120 Baker Street, London, UNITED KIIGDOM, W1U 6TU

Website: https://cryptoelevatedtec.com/

Name: BANKWIZ

Website: https://bankwiz.net/

While exposing these unauthorised brokers, FCA stated that Almost all firms and individuals must be authorised by us if they offer, promote or sell financial products or services in the UK. But these firms are not authorised by us and target UK people.

The FCA has advised investors to avoid these brokers and to report any suspicious activity to the authorities. FCA has also reminded investors to be vigilant when dealing with forex brokers and to conduct proper due diligence before investing any money. Investors should check the FCA's register of authorized firms to ensure that the broker they are dealing with is legitimate.

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