Forex scammers lie about being regulated to gain traders' trust - this is a trick you may often see. So checking the regulators' registers becomes a crucial thing when you trade forex.
For protecting investors' funds, financial regulators like UK FCA keep their blacklists updated, which exposes the lies of scammers.
Recently, UK FCA issued warnings against 10 unlicensed forex brokers for undertaking regulated activities in the UK without authorization. Here is the list:
1. ETH Profits
Address: 122 Leadenhall St, London, UNITED KINGDOM, EC3V 4AB
Telephone: 02038798983, 02038078170
Email: support@ethprofits.com
Website: ethprofits.com
Address: 15 St Botolph St, London, London, UNITED KINGDOM, EC3A 7BB
Telephone: 02080971600, 01133285322, 01133285321, 02030973836, 02030976887, 02030977011, 02030977690, 02030977692, 02038684639, 02045716891, 02045258611, 02038684649
Mobile: +48128817400, 07341406312, 07917989771, 07776557315, 07827057781, 07879543484, 07768972537, 07469309472, 07917989771, 07717463150, 07384201963, 07423207265, 07768972537, 07469344747
Email: support@martynservice.net,
info@martynservice.net,
support@martyn-service.net,
support@martyn-service.net,
info@martyn-service.net,
k.struzychi@martyn-services.net,
m.scachura@martynservice.net,
b.wysocki@martynservice.net,
d.pawluk@martynservices.net
Website: https://www.martynservice.com/, https://webtrader.martynservice.trade/, www.martynservice.net, www.martyn-services.net
Email: support@tradingspace.pro
Website: https://tradingspace.pro/
4. CRYPTOJET / CRYPTOJET.LTD TRADING LTD
Address: Balad, Al Al Munawarah Strt, Al Madinah
85-86 Great Portland Street, London, England, UNITED KINGDOM, W1W 7LT
Email: admin@cryptojet.ltd
Website: www.cryptojet.ltd
5. Hong Kong Selead Group Limited
Telephone: 6590764250
Email: service@hkselead.com
Website: https://hkselead.com/
Telephone: 442033074103, 13068055755, 5754590907
Email: support@jupiterholdings.co.uk,
jupiterholding.org@gmail.com
Website: www.jupiterholdings.co.uk, www.jupiterholdings.net, www.jupiterholdingsltd.com
7. M24 MARKETS
Address: 24 King William Street, London, UNITED KINGDOM, EC4R 9AT
Telephone: +441515289296
Email: support@m24markets.com
Website: www.m24markets.com
Address: 496 South Main Street, Andover, Massachusetts, UNITED STATES OF AMERICA, 01810
Telephone: 13862437879
Email: support@fxguaranteeoptions.com
Website: www.fxguaranteeoptions.com
Address: Tower A, New Mandarin Plaza, 14 Science Museum Road, Tsim Sha Tsui, Kowloon, HONG KONG
Email: support@equitixincome.com
Website: https://www.equitixincome.com
10. FXEDGE OPTIONS / FXEDGE MARKET
Address: 88 Queensway, London, W2 3RR
Email: support@fxedgemarket.com
Website: https://fxedgemarket.com/
These firms are providing financial services or products in the UK without the UK 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.
Checking the license of the broker you are going to trade with is always the first thing you need to do when investing. If you have question about the regulation of a broker, you can ask a question on BrokersView Q&A.