New List of Unauthorized Firms That Have Been Warned By FCA

Online trading has become the most alternate method for many to generate money. The UK is one of the countries that have a lot of traders. As a result, one of the UK's major financial regulators is closely monitoring firms that simply exist to defraud consumers.

WikiFX App has been listed not only as a regulated firm but also unregulated to help people easily verify the legitimacy of a firm or a broker.

Almost every day, the FCA publishes a list of businesses that have been permitted and cautioned.

Here is the list of firms issued by the FCA dated December 19, 2022:

HAPPY PENNY UK

STONEBRIDGELIMITED

METAFX PAY TRADING

TOUCH CASH FX

PROPNEX LTD

POWERBITFXSIGNAL

PIPER FX

SAXOFXCOMPANY

PELAGIABANK

VANTAGEFX365

CHRIMAFX

FXMINIM

PRETRADEFX

HFX SWIFTCAPITA

SAY NO TO DEBTS

CHANDFXLTD

CAPITEXTFX

CRYPTOBOASTING

STANDARD CRYPTOCURRENCY

Final words

Indeed, we can easily get attracted to trading offers without knowing the regulatory status of a firm, because many people don't know how to verify it. This is the reason why a lot of people are getting scammed.

WikiFX App is a search engine platform for online trading that provides regulatory information about a broker. It also provides daily news, trading tools, reviews, and exposures about a broker.

By using this app more often, we can avoid landing on scam brokers.

Stay tuned for more Forex Broker news.

Use the download link below to download and install the WikiFX App to stay updated on the latest news, even on the go.

Download link: https://www.wikifx.com/en/download.html