FCA Flags over 50 Unregistered Firms

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The Financial Conduct Authority (FCA) has warned
against more than 54 firms operating without proper authorization, potentially
exposing UK investors to financial risks.

Among them, entities flagged by the regulator,
according to a list compiled by Fazzaco, are Extron Exchange, Crypto Miners
Limited, and Capital Wave FX. The FCA has emphasized the importance of staying
cautious and informed to protect yourself from potential scams and unauthorized
financial services.

The FCA‘s radar caught Extron Exchange, a firm
operating out of Edinburgh, United Kingdom, providing or promoting financial
services without authorization. Investors are urged to steer clear of this
entity to avoid falling victim to potential scams.

The lack of authorization means you won’t have
access to the Financial Ombudsman Service or the Financial Services
Compensation Scheme, leaving your investments unprotected. The contact details
for the flagged firm as per the regulator are support@extron-exchange.ltd, and
its website is extron-exchange.ltd.

Another entity on the FCA’s warning list is Crypto
Miners Limited, situated in Nottingham, United Kingdom. Operating without FCA
authorization, this firm poses risks to the UK‘s investors.

Investor Caution Advised

The FCA advises investors to search their Warning
List for other unauthorized firms and individuals. The company uses the email
address support@cryptominers.ltd and runs the website cryptominers.ltd

Trusted Coinmining, supposedly based at 52-54
Gracechurch Street, London, UK, also finds itself on the FCA’s radar. Investors
are cautioned against dealing with this unauthorized firm. The FCA highlights
the risks associated with providing or promoting financial services without
proper authorization, emphasizing the importance of due diligence to avoid
potential scams. The firm’s contact details are
support@trusted-coinminingltd.com, and trusted-coinminingltd.com.

Capital Wave FX, operating from 4735 Sumner Street,
Rancho Dominguez, California, is flagged by the FCA for potential unauthorized
financial services in the UK. The details provided by the regulator concerning
the firm are support@capitalwavefx.com and www.capitalwavefx.com.

A Fraud Survey

We invite you to participate in our joint survey conducted
by FXStreet and Finance Magnates Group, which explores prevalent online
financial fraud types, platforms used for fraudulent activities, effectiveness
of countermeasures, and challenges faced by companies in tackling such fraud. Your
valuable insights will help inform future strategies and resource allocation in
combating financial fraud.

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The Financial Conduct Authority (FCA) has warned
against more than 54 firms operating without proper authorization, potentially
exposing UK investors to financial risks.

Among them, entities flagged by the regulator,
according to a list compiled by Fazzaco, are Extron Exchange, Crypto Miners
Limited, and Capital Wave FX. The FCA has emphasized the importance of staying
cautious and informed to protect yourself from potential scams and unauthorized
financial services.

The FCA‘s radar caught Extron Exchange, a firm
operating out of Edinburgh, United Kingdom, providing or promoting financial
services without authorization. Investors are urged to steer clear of this
entity to avoid falling victim to potential scams.

The lack of authorization means you won’t have
access to the Financial Ombudsman Service or the Financial Services
Compensation Scheme, leaving your investments unprotected. The contact details
for the flagged firm as per the regulator are support@extron-exchange.ltd, and
its website is extron-exchange.ltd.

Another entity on the FCA’s warning list is Crypto
Miners Limited, situated in Nottingham, United Kingdom. Operating without FCA
authorization, this firm poses risks to the UK‘s investors.

Investor Caution Advised

The FCA advises investors to search their Warning
List for other unauthorized firms and individuals. The company uses the email
address support@cryptominers.ltd and runs the website cryptominers.ltd

Trusted Coinmining, supposedly based at 52-54
Gracechurch Street, London, UK, also finds itself on the FCA’s radar. Investors
are cautioned against dealing with this unauthorized firm. The FCA highlights
the risks associated with providing or promoting financial services without
proper authorization, emphasizing the importance of due diligence to avoid
potential scams. The firm’s contact details are
support@trusted-coinminingltd.com, and trusted-coinminingltd.com.

Capital Wave FX, operating from 4735 Sumner Street,
Rancho Dominguez, California, is flagged by the FCA for potential unauthorized
financial services in the UK. The details provided by the regulator concerning
the firm are support@capitalwavefx.com and www.capitalwavefx.com.

A Fraud Survey

We invite you to participate in our joint survey conducted
by FXStreet and Finance Magnates Group, which explores prevalent online
financial fraud types, platforms used for fraudulent activities, effectiveness
of countermeasures, and challenges faced by companies in tackling such fraud. Your
valuable insights will help inform future strategies and resource allocation in
combating financial fraud.

Social Media Scams: Help Shape the Fight with Your 2024 Survey Participation.

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