Traders are being increasingly targeted by investment scams carried out via online trading platforms where fraudsters offer trades in forex, CFDs and cryptoassets. Some of these scam firms claim to be based in the UK and even claim to be FCA authorised. However, when you check the FCA register to see if they are authorised, you will often get negative results.

BrokersView learned that the FCA recently has issued warnings against 6 forex trading platforms for undertaking regulated activities in the UK without authorization. Here is the list:

1. Unauthorised firm - CRYPTOBTCEARNER

Address: 1-5 Queen St, Suffolk County, UNITED KINGDOM

Telephone: +447586069000

Email: support@cryptobtcearner.com

Website: https://cryptobtcearner.com/

2. Unauthorised firm - 4XEMPIRES

Address: 71 Cherry Court, Southampton, UNITED KINGDOM, SO53 5PD

Telephone: +442081028897

Email: support@4xempires.com

Website: https://www.4xempires.com/

3. Unauthorised firm - NET-TRADERSFX LTD

Address: Irvington, Carlisle, CA6 4NW

9030 Metropolitan Ave, Queens, UNITED STATES OF AMERICA, NY11374

Telephone: 1405000

Email: support@net-tradersfx.net

Website: www.net-tradersfx.org

4. Unauthorised firm - HOBITAL FX TRADE

Address: 35 Cathedral Road, Pontcanna, Cardiff, UNITED KINGDOM, CF11 9LJ

Telephone: +447362035663

Email: support@hobitalfxtrade.com

Website: http://hobitalfxtrade.com/

5. Unauthorised firm - FOREX EA ZONE

Address: Prague, CZECH REPUBLIC

Telephone: +442081236138

Email: info@forexeazone.com

Website: http://forexeazone.com/

6. Unauthorised firm - COINS DESK FX / COIN DESK FX

Address: 47 CHERRY COURT, MANCHESTER

Floor 29/30 St Mary Axe, London, UNITED KINGDOM, EC3A 8BF

Rue de la République, FRANCE, 21200 Arles

Telephone: 17246191244, +447441446387

Mobile: +447418359935

Email: helpdesk@coindeskfx.biz,

info@coinsdeskfx.com,

support@coindeskfx.com

Website: www.coindeskfx.biz, https://coinsdeskfx.com/?action=home, https://coindeskfx.com/

Other Information: Potential names: COINS DESK FX LIMITED, COINS DESK FX and COIN DESK FX

These firms are providing financial services or products in the UK without the FCA's authorisation. That means you will not be protected by the Financial Services Compensation Scheme (FSCS) and you are unlikely to get your money back if things go wrong.

It's a must to check a broker's regulatory status before you start to deal with it.

Blacklist Alert: UK FCA Warns Against 6 Unauthorized FX Brokers