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 theFCArecently has issued warnings against 6 forex trading platforms for undertaking regulated activities in the UK without authorization. Here is the list:
1.Brown Finance / B-Finances (Clone of FCA Authorised Firm)
Telephone: +447897043397, +31102005302, +32460225079, +61242166622, +6468806282, +442039875808, +31102005301, +61251109669, +6499515818
Email: support@brownfinance.london,
compliance@brownfinance.london,
support@bfinance.ltd,
michael.g@brownfinance.london,
mario.l@brownfinance.london,
tyler.k@brownfinance.london,
dominic.k@brownfinance.london,
jack.l@brownfinance.london
Website:www.b-finances.com, www.brownsfinances.com, www.bfinance.ltd, www.browns-finance.com,www.abfinances.com
2.Unauthorised firm - MaxFxFinPro
Address: 2 Infirmary Street, Leeds, England, UNITED KINGDOM, LS1 2JP
Email: support@maxfxfinpro.com
Website: https://maxfxfinpro.com/
3.Unauthorised firm - CRYPTOLITEPROFIT
Email: support@cryptoliteprofit.com
Website: https://cryptoliteprofit.com/
4.Unauthorised firm - Superether
Address: 65 Shearsmith Tower, Cable Street, Middlesex, London, England, UNITED KINGDOM, E1 8HU
Telephone: +442080978330
Email: support@superether.io
Website: https://superether.io
5.Unauthorised firm - Worldtradecenter/ The National Trade Center
Address: WTC group Limited 26224, Samou 8 street, Nicosia, CYPRUS, 1086
Telephone: +441519471469, +61291361683
Mobile: +447882671518, +447936982772
Email: support@worldtradecenter.io,
compliance@worldtradecenter.io,
paul@worldtradecenter.io,
ben@worldtradecenter.io,
simon@worldtradecenter.io
Website: https://worldtradecenter.io/, https://thenationaltradecenter.io/
6.Clearpoint-fin / Clearpoint Capital (Clone of FCA authorised firm)
Address: 5 Copper Row, London, SE1 2LH
Telephone: +447367136244, +302111219977, +393509265587
Email: info@clearpoint-fin.com
Website: https://clearpoint-fin.com/en
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.
