With accumulating risks in the forex market, some unauthorized brokers lure investors with promises of high returns, while in reality, they suffer from a lack of information transparency and even suspected fraudulent activities.
To help investors identify potentially risky platforms, Cashback Island has compiled key information based on the latest list of unauthorized firms published by the UK’s Financial Conduct Authority (FCA) for investors’ reference.
If you suspect you are dealing with a questionable platform, you should cease operations immediately, verify the other party’s regulatory status, and keep complete records of all transactions and communications to facilitate any future claims.
When choosing a forex platform, it is advisable to prioritize legitimate operators with authoritative regulation, transparent regulatory information, and robust fund security mechanisms. You can also cross-reference with third-party reviews to enhance the security of your funds.
The following is a list of the latest unlicensed brokers published by the FCA between May 9 and May 15.
Name: Citizens Financial Express Bank
Email: [email protected]
Website: www.cfineb.com
Name: Myfirstara
Email: [email protected]
Website: www.myfirstara.com
Name: CavonixTrader 3.9 Nova
Website: www.cavonixtrader-3-9-nova.cyou
Name: Dynavex Trader
Website: www.dynavextrader.cyou
Name: BRINKMAN GRAY BUSINESS ASSOCIATES
Address: 45 Broadway, New York, NY, UNITED STATES OF AMERICA, 10006
Fax: +16465584109
Email: [email protected],[email protected]
Website: www.brinkmangray.com
Name: Hivepro Trade
Address: Suite 305, Griffith Corporate Centre, P.O. Box 1510, Beachmont Kingstown, St Vincent；
Katherine & West Suite 18 Second floor, 114 West Street Sandton, Johannesburg 2031；
Room S203A, Second Floor, Orion Complex, Victoria, Mahe, SEYCHELLES；
Email: [email protected]
Website: https://hiveprotrade.live
Name: Finance Claims Expert (Clone of FCA authorised firm)
Email: [email protected]
Website: https://www.financeclaimsexpert.co.uk
Name: Sunnextrade
Address: 76 Commercial St, Edinburgh, Midlothan, UNITED KINGDOM, EH6 6LX；
846 Melrose Street, Spokane, 99201；
12/1 Eagle St, Brisbane City, AUSTRALIA, QLD 4000；
2 Shenton Wy, 08-03, SINGAPORE, 068804；
Email: [email protected]
Website: https://sunextrade.live
Name: westhillfund.com (Clone of FCA authorised fund)
Email: [email protected]
Website: https://westhillfund.com/
Name: Protradecopier
Address: 1100 15th Street, NW 4th Floor, Washington DC, UNITED STATES OF AMERICA, 20005；
2108-150 King Street West, Toronto, CANADA, M5H 1J9；
225 Central Park West, New York, UNITED STATES OF AMERICA, 10024；
Phone: +447888880119, +16062297623
Email: [email protected]
Website: www.protradecopier.net
Name: ARTIC UNION FINANCE
Email: [email protected]
Website: www.articunion.com
Name: Capitalcitypay
Email: [email protected]
Website: www.capitalcitypay.com
Name: Urbancapitale
Email: [email protected]
Website: www.urbancapitale.com
Name: Mysafetreasury
Email: [email protected]
Website: www.mysafetreasury.com
Name: Fostarapay
Email: [email protected]
Website: www.fostarapay.com
Name: PREMIER AXIS FINANCE
Email: [email protected]
Website: www.premieraxf.com
Name: Saxion Finance
Email: [email protected]
Website: www.anxonline.com
Name: Boltcorevesttrade
Address: Queensway, Birmingham, UNITED KINGDOM, B4
Phone: +447480772541
Website: www.boltcorevesttrade.live
Name: Credituniongb
Email: [email protected]
Website: www.credituniongb.com
Name: Money Back / Pay Back Ltd (Clone of FCA Authorised Firm)
Address:
Phone: +442030979798, +447488873292, 07832238637,+447401113357
Email: [email protected],[email protected],[email protected],[email protected],[email protected],[email protected],[email protected],[email protected],[email protected],[email protected],[email protected],[email protected],[email protected],[email protected],[email protected],[email protected]
Website: https://moneyback-team.eu/, moneyback-team.org, moneyback-limited.org
Name: FIRST CITY MORTGAGE FINANCE
Email: [email protected]
Website: www.firstcitymf.com
Name: My Expert 100 (Clone of FCA authorised firm)
Phone: +447922996542, +447462362353, +447462388533
Email: [email protected],[email protected],[email protected]
Website: https://myexpert100.com/
Name: ZONTARAPAY
Email: [email protected]
Website: www.zontarapay.com
Name: Pinnaclewealth
Address: Knutsford Road, Wilmslow, Cheshire, SK96JH
Email: [email protected]
Website: www.pinnaclewealth.online
Name: BIW Management / biw-management.co / biwmanagement.co
Website: https://www.biw-management.co/, www.biwmanagement.co, trader.biwmanagement.co
Name: Fortexwealths.com
Address: Charlotte, NC, UNITED STATES OF AMERICA
Website: https://fortexwealths.ltd/
Name: GROWTH SAVINGS CAPITAL LIMITED
Address: Courtenay Road, Woking, Surrey, GU21 5HG.
Email: [email protected]
Website: https://growthcapitalsavingslimited.online/
Name: CRESCENTFX CAPITAL
Address: High St, Budleigh, Salterton, Devon
Email: [email protected]
Website: https://crescentfxcapitals.com/
Name: Marketmarverick
Address: UNITED KINGDOM
Website: www.marketmarverick.live
Name: Market Majesty
Address: 55-61 HIGH ST, ELTHAM, UNITED KINGDOM, SE9 1TD
Phone: +447491616960
Email: [email protected]
Website: https://marketsmajesty.click
Name: Cannar Invests
Address: 10 Upper Berkeley Street, London, W1H 7PE
Website: https://cannarinvests.com/
Name: AARON LAW
Address: 801 K Street, Sacramento, California, UNITED STATES OF AMERICA, 95814
Phone: +18664711577, +19164148392
Email: [email protected]
Website: www.aaron-legal.com, www.aaron-law.com
Name: Quantum Gains / quantum-gains.com
Address: 10 York Road, London, UNITED KINGDOM, SE1 7ND
Phone: +447441904175，+447441904190
Email: [email protected],[email protected]
Website: https://quantum-gains.com
Name: ProXgain / proxgain.com
Phone: +447418377521
Email: [email protected],[email protected],[email protected],[email protected],[email protected]
Website: https://proxgain.com/
Name: XTradeMAX / xtrademax.com
Phone: +447418377521
Email: [email protected],[email protected],[email protected],[email protected],[email protected]
Website: https://xtrademax.com/
Name: MuxCap / muxcap.io
Phone: +442045786274, 02045795978，07773884434, +447301271928
Email: [email protected],[email protected],[email protected],[email protected],[email protected]
Website: https://muxcap.io/
Name: CRYPTOALTHOLDS
Website: https://cryptoaltholds.com/
Name: Quantum AI
Address: Quantum AI – UK Office, 35 John Street, Luton, UNITED KINGDOM, LU1 2JE
Phone: +442035970878
Email: [email protected]
Website: quantumai.co
Name: FX Trinity
Address: FX Trinity LTD, 155 Upper St, London, UNITED KINGDOM, N1 1RA
Phone: +13438853510，+447441945452
Email: [email protected],[email protected],[email protected],[email protected]
Website: fx-trinity.com
Name: Frex Investment Ltd
Address: 71-75 Shelton Street, Greater London, UNITED KINGDOM, WC2H 9JQ
Email: [email protected]
Website: frexinvestmentltd.com
Name: @MoneyZC (Crypto Finfluencer)
Social Media: X: @money_zg, TikTok: @MoneyZG, YouTube: @MoneyZG
Name: Sovonex Trader
Website: htttps:// Sovonextrade.pro, https://ovonextraderapp.com
Name: Nwealth
Website: www.nwealth.pro, www.nwealthapp.net
Name: AAA Fund / aaafund.io (Clone of FCA Authorised Firm)
Phone: +447599856396, +443300016708
Email: [email protected],[email protected],[email protected]
Website: https://3-afund.com/, aaafund.io, 3afund.cm, 3afund.com
The Financial Conduct Authority (FCA) is the financial regulatory body in the United Kingdom. It was established in 2013, replacing the former Financial Services Authority (FSA).
Its core responsibilities are to protect consumers, maintain market integrity, and promote competition. Its regulatory scope covers banks, investment firms, insurance companies, consumer credit institutions, payment service providers, and financial market infrastructures.
The FCA’s main regulatory functions include Authorisation, requiring firms to be authorized to provide regulated financial services; Conduct Supervision, ensuring that firms treat their customers fairly and preventing market manipulation, fraud, and misselling; and Market Oversight, which is responsible for monitoring the stability and transparency of financial markets.
The FCA has enforcement powers and can impose fines, revoke licenses, or restrict the business of non-compliant firms. It also actively promotes financial innovation, such as through its ‘Regulatory Sandbox,’ which allows emerging fintech companies to test their business models in a controlled environment to foster development and competition in the financial industry.
For more detailed information about the FCA, you can also visit its official website directly: https://www.fca.org.uk/
