FCA Warns Citizens Against 6 Online Brokers


FCA, the Financial Conduct Authority of the UK has issued warnings against 6 investment platforms.

On 23 January 2023, FCA which regulates financial services and products in the UK alerted citizens against various internet platforms.

FCA marked 6 online platforms which provide different financial and investment services.

These online websites are serving globally and pretending to be investment brokers and exchange markets for Forex, Crypto and other major commodities.

UK FCA underlined Cz-changpeng FX, GCT Trading Coin, Equiti Capital Markets, Banco Amgigavel Internacional, Winfxmarkets and Lamelle Financial Consultants Ltd.

FCA also shared websites and contact details of these fruad to alert its citizens.

Entity NameWebsite
Cz-changpeng FXCz-changpengfx.com
GCT Trading CoinGcttradingcoin.com
EQUITI CAPITAL MARKETSEquiticapital-markets.com
Banco Amigavel InternacionalBaniami.com
Lamelle Financial Consultants LtdLamellefinancialconsultants.com

FCA stated,

These firms are not authorised by us and are targeting people in the UK. You will not have access to the Financial Ombudsman Service or be protected by the Financial Services Compensation Scheme (FSCS), so you are unlikely to get your money back if things go wrong.

Always Check With Your Regulators

All these above-mentioned platforms are providing financial services globally from simple websites, hence these are not the only threat to UK residents.

Every individual worldwide can be preyed on by such platforms from the internet.

If you are also taking any financial services, especially through some random online platform, then always inspect the license from the regulatory bodies of your respective region.

Every jurisdiction has regulatory policies which strictly need to follow by investment brokers and financial services providers. If a firm failed to do so, please stay away from them.

Moreover, raise an alert with your financial regulators on suspicion.

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