FCA Issues New Warnings: 23 Unauthorised Firms to Avoid

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

1. GuardCrypto

   Website: www.guardcrypto.net

2. Cynavatrader

   Website: https://cynavatrader.net

3. GenalixTrader

   Website: https://genalixtraderapp.net

4. XavonixTrader

   Website: www.xavionixtrader.net

5. triumphfx.net

   Website: www.triumphfx.net

6. gfxcapital.net

   Website: www.gfxcapital.net

7. Super Beta FX

   Address: 77 Massachusetts Ave, Cambridge, Massachusetts

   Phone: +18142183833

   Email: support@superbetafx247.xyz

   Website: www.superbetafx247.xyz

8. Benefit Assets

   Address: 7645 Cordner Street, Laselle, QC, Canada, H8N 2X2

   Email: support@benefitassets.net

   Website: www.benefitassets.net

9. Cryptonest FX(No contact details provided)
10. Qilexo Trader

    Website: www.qilexotrader.net

11. Trade Elvarin

    Website: www.trade-elvarin.net

12. Aeralyn Tradeon

    Website: https://aeralyn-tradeon.net

13. TradeSynthIQ 4.7

    Website: www.tradesynthiq-47.net

14. Cristal Traderium

    Website: www.cristal-traderium.net

15. SWIFT-HANDELSMUNZEFX

    Email: support@swift-handelsmunzefx.live

    Website: https://swift-handelsmunzefx.live/

16. Trader 9000 Lidex

    Website: www.trader9000lidex.net

17. Quantum Asset AI

    Website: www.quantum-asset-ai.net

18. MaxionixTrader 1.9 Flex

    Website: www.maxiontrader-19-flex.net

19. 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

20. Trade AvaPro 5000 (0.5)

    Website: www.trade-avapro-5000.net

21. Trade 10 Evista

    Website: www.trade10evista.net

22. Nexiron Trader 2.1 Flex

    Address: Upper Woburn Place, London WC1H 0AF

    Email: info@nexirontrader.net

    Website: https://nexirontrader.net

23. 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.