FCA issued warning against 10 unauthorized brokers

The FCA recently issued a warning against ten unlicensed brokers on 02 May, 2023 . The list includes names of these brokers ultimatepacify.net, Magna-Wealtz.com, Finance Trader, WELOFY LTD, WEALTH WAVES, BitGlobals-miners, EMPIREGAIN TRADE, primevest-gain.com, Binec Capital Investment Company, Lad Asset Management Limited,. Here are the screeshots of these brokers taken from Official website of FCA.

Name: ultimatepacify.net

Address: Pontypool, UNITED KINGDOM

Website: www.ultimatepacify.net

Name: Magna-Wealtz.com

Address: Unit 24 Space Business Centre, Smeaton Close, Aylesbury, UNITED KINGDOM, HP19 8FJ

Website: www.magna-wealthz.com

Name: Finance Trader

Address: Oldham, England

17 Aden Road, Enfield, Middlesex, UNITED KINGDOM, EN3 7SU

Email: support@financetrader.ltd

Website: www.financetrader.ltd

Name: WELOFY LTD

Address: 20-22 Wen Lock Road, London, England

Email: support@welofy.ltd

Website: www.welofy.ltd

Name: WEALTH WAVES

Address: 194 Hanworth Road, Hounslow, Middlesex, UNITED KINGDOM, TW3 3TU

Email: support@wealth-waves.org

Website: www.wealth-waves.org

Name: BitGlobals-miners

Address: Companies House Default Address, Cardiff, CF14 8LH

Website: www.bitglobals-miners.com

Name: EMPIREGAIN TRADE

Address: 27 Old Gloucester Street, London, UNITED KINGDOM, WC1N 3AX

Email: admin@empiregain-trade.com

Website: www.empiregain-trade.com

Name: primevest-gain.com

Address: Milton Keynes, UNITED KINGDOM

Email: admin@primevest-gain.com

Website: www.primevest-gain.com

Name: Binec Capital Investment Company

Address: Fulwood Rd, Sheffield, UK, S10 3GB

Email: support@binec.org

Website: www.binec.org

Name: Lad Asset Management Limited

Address: 65 Eaton Square Belgravia, London, United Kingdom, SW1W 9BQ

Telephone: +4474887655

Email: support@ladassetmanagementltd.org

Website: www.ladassetmanagementltd.org

FCA warned investors not to invest with these brokers. However, they must be careful if they do, as these brokers lack broker licenses. Therefore, the risk may exist. They offer financial and investment services to clients without a license in the UK. The regulatory body has identified these brokers operating without the required authorization. This means that they are not subject to the same level of scrutiny and regulation as licensed brokers, which could put investors at risk.

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