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Abstract:The forex market is quite volatile. Numerous Brokers exist here. Therefore, the Chances of Fraud or scams increase. In this article, we will let you know the Scam Brokers you must avoid. On July 12, 2023 Financial Conduct Authority (FCA) issued warning against two unauthorized brokers named as Goliath Crypto Bank & StemicTrade Fx.
The forex market is quite volatile. Numerous Brokers exist here. Therefore, the Chances of Fraud or scams increase. In this article, we will let you know the Scam Brokers you must avoid. On July 12, 2023 Financial Conduct Authority (FCA) issued warning against two unauthorized brokers named as Goliath Crypto Bank & StemicTrade Fx. They are not FCA-licensed. Investors should exercise caution if they are dealing with these unregistered financial institutions. Here are the names and screenshots of these brokers.
Name: Goliath Cypto Bank / Emcro Worldwide Payments / Oceania Crypto Vault
Address: 35-38 E Smithfield, London, E1W 1AW
Telephone: +12363490259, +1343453969, +447480720887, +13433212165, +447494479628, +61253015314
Email: andrew.w@goliathbank.online,
michael.t@goliathbank.online,
richardbarclaygoliath@gmail.com,
info@goliathbank.online,
finance@goliathbank.online,
info@oceaniacv.com,
support@oceaniacb.com
Website: www.goliathbank.online, https://oceaniacv.com/
Name: StemicTrade Fx
Telephone: 16015573095
Email: support@stemic-fx.com
Website: www.stemic-fx.com
These brokers or financial firms are not permitted to provide financial services in the United Kingdom. The FCA has issued warnings that these companies may be running fraud. So kindly stay away from that. Choose a financial firm that has been authorized by a respected financial organization. Checking if your investment is properly licensed is the best way to assure that it is in excellent hands and fully complies with all rules. Whom do you believe if you don't believe the warnings of the FCA, a respectable financial regulator?
About FCA
Financial Conduct Authority (FCA) is a regulatory body in the UK . The FCA's main role is to protect consumers by regulating financial products and services, promoting competition, and ensuring that financial firms are financially stable. The FCA also has the power to investigate and take enforcement action against firms that breach its rules and regulations.
To expand your knowledge and stay informed about the forex market. Download Wikifx app on your phones. Here is the Link to the download: https://www.wikifx.com/en/download.html
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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