Global Broker Regulation Inquiry App
WikiFX
English
简体中文
繁體中文
English
Pусский
日本語
ภาษาไทย
Tiếng Việt
Bahasa Indonesia
Español
हिन्दी
Filippiiniläinen
Français
Deutsch
Português
Türkçe
한국어
العربية
FCA Flags 10 Unauthorised Firms and Clone Entities in Latest Scam Alert
Abstract：The FCA has recently flagged multiple entities for offering financial services without authorisation, warning the public to remain vigilant against clone firms and unlicensed platforms that may mislead UK consumers.
In its latest consumer protection update, the UK Financial Conduct Authority (FCA) has issued warnings against ten unauthorised or clone firms that may be targeting investors in the UK. These entities are neither registered nor authorised to offer financial services under the FCA framework, raising concerns over potential scams and misleading conduct.
List of Flagged Entities:
1.Dynavex Trader
Website: www.dynavextrader.com
No registered address or contact details were confirmed.
2.Sunnextrade
No verifiable contact information was provided. The firm may use misleading or falsified business details.
3.Protradecopier
Addresses:
- 1100 15th Street, NW 4th Floor, Washington DC, USA
- 2108-150 King Street West, Toronto, Canada
- 225 Central Park West, New York, USA
Contacts: +447888880119, +16062297623
Email: support@protradecopier.com
Website: www.protradecopier.net
4.Myfirstara
Email: support@myfirstara.com
Website: www.myfirstara.com
5.Hivepro Trade
Addresses:
- St Vincent
- Johannesburg, South Africa
- Victoria, Seychelles
Email: support@hiveprotrade.live
Website: https://hiveprotrade.live
6.CavonixTrader 3.9 Nova
Website: www.cavonixtrader-3-9-nova.cyou
7.Citizens Financial Express Bank
No confirmed address or contact details provided.
8.BRINKMAN GRAY BUSINESS ASSOCIATES
Address: 45 Broadway, New York, NY, USA
Fax: +16465584109
Emails: info@brinkmangray.com, admin@brinkmangray.com
Website: www.brinkmangray.com
9.Finance Claims Expert (Clone firm)
Email: noreply@financeclaimsexpert.co.uk
Website: https://www.financeclaimsexpert.co.uk
10.westhillfund.com (Clone firm)
Email: support@westhillfund.com
Website: https://westhillfund.com
Clone firms in particular pose heightened risks as they impersonate authorised entities, often copying company names, websites, or contact details to deceive investors into thinking they are dealing with a legitimate provider.
A Broader Pattern
The FCA regularly updates its warning list to protect consumers from unregulated or fraudulent actors. Such firms may provide misleading contact details or change information over time to evade scrutiny. Clone entities may even present falsified documentation or link to real registration numbers to appear authentic.
Caution Advised
When dealing with financial service providers, especially those offering online investment opportunities, verifying authorisation status remains crucial. Platforms like WikiFX allow users to quickly check whether a broker holds proper regulatory licenses and avoid potential 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.
Read more
Charles Schwab Review: Traders Claim Illegitimate Profit Cancellation, Trade Manipulation & More
Have you been lured into the Charles Schwab app for trading on the back of outrageous profit claims by the broker? Did you fail to receive any of these? Does the broker deny withdrawals every time you request and cancel your forex trading account? Have you been victimized financially by its trade manipulation? Act before you are left with a NIL balance in your account. Many traders have questioned Charles Schwab customer service and many other operational executives for the aforementioned illegitimate trading activities. In this Charles Schwab review article, we have shared some of their comments. Read on!
Original Three days ago
AMP Futures Exposed: Traders Raise Alarms Over Illegitimate Account Blocks & Bad Customer Service
Has AMP Futures blocked your forex trading account? Does it fail to provide any explanation for this act? Do you face issues concerning deposits to your AMP Futures account? Is the customer service non-existent for any trading query you raise with it? You are not alone! Many traders have been facing these issues upon AMP Futures login. Some of them have commented on AMP Futures review platforms. In this article, we have shared some reviews that you can look at. Read on!
Original Three days ago
FXGlory Review: Vanishing Profits, Capital Scams & Withdrawal Charges Keep Annoying Traders
Does FXGlory remove all your forex trading account balances upon fund withdrawal requests? Or do you witness incorrect trading account balances after fund withdrawals? Does the Saint Lucia-based forex broker charge you for fund withdrawals? All these and many more scam-related complaints have been filed against the forex broker. In this FXGlory review article, we will discuss several complaints. Read on!
Original Three days ago
CMS Prime Review: Traders Report Withdrawal Blocks, Fund Scams & Unprofessional Support
Is your CMS Prime forex trading experience financially distressing? Does the broker constantly deny you to withdraw your funds? Has the broker defaulted on swap charges? Has the CMS Prime scammed you at every stage of your forex journey with it? Do you also have to witness unprofessional behavior from the broker officials? Well, these trading issues have become headlines on the CMS Prime broker’s review platforms. We have shared some complaints in this CMS Prime review article. Read on!
Original Three days ago
WikiFX Broker
Latest News
BASF CEO: EU CO₂ Trading Is A "Destruction Mechanism" For European Industry
WikiFXWikiEXPO Dubai 2025 “Welcome Party” Kicks Off Tonight!
WikiFXCapital.com Review 2025: Is It a Scam? Official License Verification and Real User Ratings
WikiFXFrom Zero Spread to Zero Balance: How Unlicensed Platforms Drain Investors Step by Step
WikiFXCurrency Calculator
USD
CNY
Current Rate: 0
Amount
USD
Available
CNY
Calculate