UK FCA Issues Warning Against 8 Unauthorized Forex Firms

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 eight forex trading platforms for undertaking regulated activities in the UK without authorization. Here is the list:

1. ALFREDFXDIGITALTRADE

Address: 3 Middlesex Street, London, UNITED KINGDOM, E1 7AA

10 Chiswell Street, London, UNITED KINGDOM, EC1Y 4XY

Email: support@alfredfxdigitaltrade.com

Website: https://alfredfxdigitaltrade.com/

2. DXB FX LTD

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

Email: info@dxbfxltd.com

Website: www.dxbfxltd.com

3. FASTLINKFX

Address: 625 California St., San Francisco, UNITED STATES OF AMERICA, CA 94108

1 Front St W, Toronto, ON, CANADA, M5J 2X5

Georgia Town, KY, San Francisco, UNITED STATES OF AMERICA, CA

Telephone: +16612374232

Email: support@fastlinkfx.com

Website: https://fastlinkfx.com/

Other Information: FAST LINK FX

4. CRYPTOVEM

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

Telephone: +1003336353

Email: info@cryptovem.com

Website: https://cryptovem.com/

5. FXCOIN FINANCE

Address: 71 Scarcroft Road, Portchester, UNITED KINGDOM

Telephone: 07451283489

Email: support@fxcoinfinance.com

Website: www.fxcoinfinance.com

6. CRYPTOVITALTRADE

Address: 1200 Broadway, Nashville, UNITED STATES OF AMERICA, TN 37203

Email: support@cryptovitaltrade.com

Website: https://cryptovitaltrade.com/

Other Information: CRYPTO VITAL TRADE

7. HOME CAPITAL TRADING FX

Address: 41 Devonshire Street, Ground Floor Office 1, London, UNITED ARAB EMIRATES, W1G 7AJ

Email: support@homecapitaltradingfx.com

Website: https://homecapitalfx.com/

8. ASTROFXC TRADES

Address: 2235 Archwood Avenue, Rock Springs, Wyoming, UNITED STATES OF AMERICA, 82901

49 Grosvenor St., London, UNITED KINGDOM, W1K 3HP

Telephone: +18459851295

Email: support@astrofxctrade.com

Website: https://astrofxctrade.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.

Therefore, we would advise you to check a broker’s regulatory status before your dealing with it.