FCA issues warnings against unlicensed brokers
The warning list includes FX Solaris, FXCRYPTOMINEXPLORE, Rockchain FX, and CredicoFx
The Financial Conduct Authority (FCA) has issued stark warnings to the public about unlicensed forex brokers operating without regulatory approval.
In a series of alerts issued between Feb. 10 and Feb. 14, 2025, the FCA has spotlighted four entities suspected of misleading traders and potentially compromising client funds.
Forex brokers warned by the financial watchdog
The list includes FX Solaris, FXCRYPTOMINEXPLORE, Rockchain FX, and CredicoFx.
FX Solaris, identified as a clone of an FCA-authorized firm, operates via its website at fxsolaris.com.
The alert also names FXCRYPTOMINEXPLORE, support@fxcryptominexplore.com, website, www.fxcryptominexplore.com.
Additionally, two brokers—Rockchain FX and CredicoFx—are noted for sharing the same London address at 8 GALLEYWAY, with respective email contacts support@denexacore.com and support@credicofx.co, and websites www.rockchainfx.pro and
Safeguarding investors’ interests
The FCA’s warnings come as part of a broader effort to protect investors from fraudulent schemes and unauthorized market players. By alerting the public about these specific entities, the regulatory body aims to deter traders from engaging with brokers that lack proper oversight and may be involved in deceptive practices. The warnings serve as a crucial reminder for forex traders to verify the regulatory status of any broker before opening an account or transacting funds.
Earlier we wrote that Bitpanda gains FCA approval to offer more than 500 cryptocurrencies in the UK.
