FCA Alert: Beware of These 10 Scam Brokers – Don’t Be the Next Victim!

UK's Financial Conduct Authority(FCA) updates its warning list to help traders avoid fraudulent platforms posing as legitimate firms. Scam brokers typically use cloned websites, aggressive sales tactics, and unrealistic profit guarantees to trick investors. Checkout the list below-

List of 10 Unregulated Brokers –

Name: PREFXMAXLIVE

Address: Suite 305 Griffith Corporate Centre, PO BOX 1510, Beachmont, Kingstown, ST. VINCENT AND THE GRENADINES

Telephone: +19494266550

Email: support@prefxmaxlive.top

Website: www.prefxmaxlive.top

Name: icapital.com.pl

Address: 1 Garden Lane, Ravenfield, Rotherham, UNITED KINGDOM, S65 4ND

Email: info@capital.com.pl

Website: www.capital.com.pl

Name: Crypto Defrag

Website: www.cryptodefrag.net

Name: coinsagefinance.com

Address: 49 Featherstone Street, London, UNITED KINGDOM, EC1Y 8SY

Email: support@coinsagefinance.com

Website: www.coinsagefinance.com

Name: finex-asset.ltd

Address: 53 Bristol Road, Bristol Road, SN15 1NT

Website: https://finex-asset.ltd

Name: Power Trades App

Website: www.power-trades-app.net

Name: Vertex Wealth

Website: www.vertexwealth.net

Name: realmarkets.online

Address: 20-22 Wenlock Road, London, UNITED KINGDOM, N1 7GU

Email: support@realmarkets.online

Website: www.realmarkets.online

Name: stocksglobalfx.com

Address: Endsleigh Street, London, United Kingdom

Email: support@stocksglobalfx.com

Website: https://stocksglobalfx.com

Name: PROTREASURE TRADE

Address: Hampshire Street, Portsmouth, PO1 5LG

Email: admin@protreasuretrade.com

Website: https://protreasuretrade.com/

Why FCA Warning Matters?

An FCA (Financial Conduct Authority) warning is a serious alert that a broker or financial service is operating without proper authorization in the UK. The FCA is one of the worlds most respected financial regulators, and its role is to protect investors from fraud, scams, and unethical practices.

If a broker receives an FCA warning, it means:

1. The broker is not licensed or regulated by the FCA.

2. It is not allowed to offer financial services in the UK.

3. Your funds are not protected under UK financial laws.

4. You have no legal recourse if the broker disappears or refuses withdrawals.

Do Not Miss this Article- www.wikifx.com/en/newsdetail/202508139094583816.html

How to Protect Yourself from Scam Brokers?

1. Verify the License of the brokers

2. Avoid Unregulated Brokers

3. Cross-Check Contact Information

4. Do not Fall for “Too Good to Be True” Promises

5. Test with a Demo Account First

6. Read Online Reviews

7. Do Your Research

8. Do not Rush

9. Report Suspicious Activity

10. Keep Records

Join WikiFX Community

Be attentive and stay updated with WikiFX. You can get all the information you need to know about the Forex market, fraud alerts, and the latest news related to Forex trading — all in one place. Join the WikiFX Community by scanning the QR code at the bottom.

Steps to Join

1. Scan the QR code below

2. Download the WikiFX Pro app

3. After installing, tap the Scan icon at the top right corner

4. Scan the code again to complete the process

5. You have joined!