Blacklist Alert: UK FCA Warns Against 10 Unauthorized FX Brokers

Traders are being increasingly targeted by investment scams carried out via online trading platforms where fraudsters offer trades in forex, CFDs and cryptoassets. Some of these scam firms claim to be based in the UK and even claim to be FCA authorised. However, when you check the FCA register to see if they are authorised, you will often get negative results.

BrokersView learned that the FCA recently has issued warnings against 10 forex trading platforms for undertaking regulated activities in the UK without authorization. Here is the list:

 

1. Unauthorised firm - 4XLIMITED

Address: 9178 Green Lane, London, NW185AJ

Email: [email protected]

Website: www.4xlimited.com

 

2. Fortrades Ltd (clone of FCA authorised firm)

Email: [email protected]

Website: https://fortradesltd.com https://www.youtube.com/watch?... www.for-trade.com

 

3. Unauthorised firm - GOLDDEALFX.COM

Address: 71 Cherry Court, Southampton, UNITED KINGDOM, SO53 5PD

Email: [email protected]

Website: www.golddealfx.com

Other Information: Other potential names: GOLDDEALFX or GOLD DEAL FX

 

4. Unauthorised firm - EQUITY INNOVATION MARKETS

Address: Wedal Rd, South Glamorgan

Telephone: 07575536015, 2920445900

Email: [email protected]

Website: www.equity-innovationmarkets.online

 

5. Unauthorised firm - CRYPTOUPDATE24

Telephone: 07727451077

Email: [email protected]

Website: WWW.CRYPTO-UPDATE24.COM

 

6. Unauthorised firm - MYCRYPTOWORKS

Address: 4 Whitchurch Parade, Whitchurch Lane, Edgware, UNITED KINGDOM, HA8 6LR

Telephone: +13474288291

Mobile: +13474288137

Email: [email protected]

Website: https://mycryptoworks.com/

 

7. Unauthorised firm - SRFX TRADES

Address: 130 Old Street, London, England, UNITED KINGDOM, EC1V 9BD

Email: [email protected]

Website: https://srfxtrades.com/

Other Information: SR FX TRADES

 

8. Unauthorised firm - FOREX EXPRESS ROBOT

Address: 4 Parsons Street, Banbury, England, UNITED KINGDOM, OX16 5LW

Telephone: +447911568458, +447911568459

Email: [email protected],

[email protected]

Website: https://forexexpressrobot.com/

 

9. Unauthorised firm - CRYPTO FX ASSET TRADE

Address: 266 King Street, Galashiels, UNITED KINGDOM, TD77 6HU

1594 Mahlon Street, Toms River, New Jersey, UNITED STATES OF AMERICA

Email: [email protected]

Website: https://cryptofxasset.trade/

 

10. Unauthorised firm - FOREXGLOBALCAP.COM

Address: 22-35 Wenlock Road, London, England, UNITED KINGDOM, N2 9GU

Email: [email protected]

Website: https://forexglobalcap.com/

 

These firms are providing financial services or products in the UK without the FCA’s authorisation. That means you will not be protected by the Financial Services Compensation Scheme (FSCS) and you are unlikely to get your money back if things go wrong.

It's a must to check a broker's regulatory status before you start to deal with it.