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WikiFX Express

Is Forex Trading Halal? Exploring Islamic Perspectives

FCA Issues New Warnings: 23 Unauthorised Firms to Avoid

WikiFX

| 08-07

Abstract：Stay informed with the latest FCA alerts. Learn which 23 unauthorised firms to avoid and how to protect your funds from forex and investment scams.

FCA Warns the Public Against 23 Unauthorised Financial Firms

The UK Financial Conduct Authority (FCA) has issued a fresh round of warnings targeting 23 unauthorised firms allegedly offering financial services in the UK without authorisation. These companies, spanning forex trading, crypto investments, and AI-driven platforms, are not registered with the FCA and may pose significant risks to investors.

Engaging with these entities could result in financial losses, as customers are not covered by the Financial Ombudsman Service or the Financial Services Compensation Scheme (FSCS). Below, we outline the flagged firms and highlight red flags you should watch out for.

Key Unauthorised Firms on the FCA List

GuardCrypto
Website: www.guardcrypto.net
Cynavatrader
Website: https://cynavatrader.net
GenalixTrader
Website: https://genalixtraderapp.net
XavonixTrader
Website: www.xavionixtrader.net
triumphfx.net
Website: www.triumphfx.net
gfxcapital.net
Website: www.gfxcapital.net
Super Beta FX
Address: 77 Massachusetts Ave, Cambridge, Massachusetts
Phone: +18142183833
Email: support@superbetafx247.xyz
Website: www.superbetafx247.xyz
Benefit Assets
Address: 7645 Cordner Street, Laselle, QC, Canada, H8N 2X2
Email: support@benefitassets.net
Website: www.benefitassets.net
Cryptonest FX(No contact details provided)
Qilexo Trader
Website: www.qilexotrader.net
Trade Elvarin
Website: www.trade-elvarin.net
Aeralyn Tradeon
Website: https://aeralyn-tradeon.net
TradeSynthIQ 4.7
Website: www.tradesynthiq-47.net
Cristal Traderium
Website: www.cristal-traderium.net
SWIFT-HANDELSMUNZEFX
Email: support@swift-handelsmunzefx.live
Website: https://swift-handelsmunzefx.live/
Trader 9000 Lidex
Website: www.trader9000lidex.net
Quantum Asset AI
Website: www.quantum-asset-ai.net
MaxionixTrader 1.9 Flex
Website: www.maxiontrader-19-flex.net
ALGO WAVE FX LTD
Addresses: The Concourse, 1 Poultry, London EC2R 8EN; 207 Batchley Road, Redditch B97 6JB
Emails: support@algowavefxtrade.live, support@algowavefx.live
Website: www.algowavefx.live
Trade AvaPro 5000 (0.5)
Website: www.trade-avapro-5000.net
Trade 10 Evista
Website: www.trade10evista.net
Nexiron Trader 2.1 Flex
Address: Upper Woburn Place, London WC1H 0AF
Email: info@nexirontrader.net
Website: https://nexirontrader.net
Platform AI Invest / aiinvestapp.net
Website: www.aiinvestapp.net

What This Means for Investors

If youve been approached by any of these firms, or are considering using their services, take immediate caution. These companies are not authorised to offer financial services in the UK, and using their platforms could leave you without access to dispute resolution or compensation schemes.

Many unauthorised firms operate under false pretences, using fake addresses, cloned websites, or stolen contact details to appear legitimate. Always verify before investing.

How to Protect Yourself

Check the FCA Register before dealing with any investment or trading platform.
Use verified sources like WikiFX Broker Search to confirm a brokers regulatory status.
Stay Informed through reliable forex scam alerts and industry updates.

Final Thoughts

While the financial industry is filled with legitimate opportunities, it's also littered with fraudsters hoping to exploit uninformed traders. Always be cautious, perform due diligence, and consult trustworthy resources like WikiFX to avoid falling victim to scams.

Disclaimer:

The views in this article only represent the author's personal views, and do not constitute investment advice on this platform. This platform does not guarantee the accuracy, completeness and timeliness of the information in the article, and will not be liable for any loss caused by the use of or reliance on the information in the article.

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