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Global FX Broker Transparency & Rating
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Global FX Broker Transparency & Rating
Human reviewed

Regulatory risk warnings

Only human-reviewed risk events traceable to original regulator notices are published. User leads never publish directly.

consumer_alert Human reviewed

FCA guidance on forex trading scams and clone firms

The FCA warns that unauthorised forex and brokerage firms may promise high returns or guaranteed profits. Clone operators may copy an authorised firm name, FRN and address while substituting their own phone number or website.

Primary regulator source: FCA
Source updated: 2026-01-19
clone Human reviewed

FCA warning: UK Forex is a clone firm

The UK Financial Conduct Authority says an entity using the name UK Forex is not authorised and has contacted consumers while copying details of genuine authorised firms. The FCA states that the clone has no association with UKForex Limited or FXOpen Ltd.

Primary regulator source: FCA
Source updated: 2021-06-01
clone Human reviewed

FCA warning: SMARTT FX is a clone firm

The FCA says SMARTT FX is not authorised or registered by it but targeted UK consumers while claiming to represent a genuine regulated firm. The official warning states that the genuine firm has no connection with the clone.

Primary regulator source: FCA
Source updated: 2020-06-04