FCA issues warning against nine unregulated brokers

One of the best regulators in the world, the Financial Conduct Authority (FCA), issued a list of unauthorised brokers on December 5, 2023. You must avoid them as an investor or trader. Here is the list and screenshot of those brokers.

Name: DWS Management Ireland (Clone of FCA Recognised Product)

Address: 25-28 North Wall Quay, Dublin, IRELAND, D01 H104

Telephone: 015686903

Email: accounts@dws-managementireland.com,

daniel.ross@dws-managementireland.com,

info@dws-managementireland.com

Name: ITP Corporation / Intelligent Technology Pioneer Corporation / ITP Pro / ITP Club / ITP World / New

ITP

Address: 1801 WEST BAY DR NW STE 202B, OLYMPIA, WASHINGTON, USA, 98502 4311

Email: itpminintrx@gmail.com

Website: https://newitp.club/pc.html

Name: Coinsbit Inc

Address: Global Gateway 8, Rue de la Perle Providence,Mahe, Seychelles

Email: info@coinsbit.io, support@coinsbit.io, smart@coiinsbit.io, otc@coinsbit.io,

delivery.store@coinsbit.io, partnership@coinsbit.io

Website: https://coinsbit.io/

Name: tranquiltradefx

Telephone: 8882345686

Email: business@company.com

Website: https://tranquiltradefx.com/

Name: TRUSTFX LIVE

Address: 2 FREDERICK STREET, KINGS CROSS, London, WCCiX OND

Email: info@livecapitalorex.com

Website: https://trustfxlive.com/

Name: PROFX GROUPS

Mobile: +447342534360

Email: profxgroups@gmail.com

Website: www.profxgroups.com

Name: TDMarkets Limited t/a TD Markets UK Limited, TDMarkets / tdmarkets.eu

Telephone: +99987456321023

Email: contact@tdmarkets.eu

Website: https://tdmarkets.eu

Name: Stables

Address: Richmond, Victoria 3121, AUSTRALIA

Website: https://stables.money/

Name: Capital Finances Ltd/ Sage Finances (Clone of FCAauthorised firm)

Telephone: +447362036300

Email: info@capitalfinances.ltd,

admin@capitalfinances.biz

Website: https://capitalfinances.ltd/, sagefinances.ltd

The FCA warned people not to invest with these brokers. However, they must be aware of potential scams if they do so. FCA stated that these firms are targeting UK citizens. A firm or broker must have FCA authorization to sell, offer, or promote any financial services in the UK. But these mentioned brokers do not follow this rule. This is the reason why it is risky to invest with these unauthorized brokers.

FCA also advised customers to be careful, as some firms may give incorrect contact details, including postal addresses, telephone numbers, and email addresses. They may change these contact details over time. They may also give you details that belong to another business or individual, so the information looks genuine.

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