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ECN vs. STP Brokers: Which is Better for You?

Stay away from 3xCapitals & WEALTHWISE

WikiFX

| 2024-09-16

Abstract：Pay attention! It's a warning from the UK's Financial Conduct Authority (FCA) for all investors and traders. To be vigilant and avoid dealing with unlicensed brokers. The authority provided necessary details about the two illegal brokers below.

Pay attention! It's a warning from the UK's Financial Conduct Authority (FCA) for all investors and traders. To be vigilant and avoid dealing with unlicensed brokers. The authority provided necessary details about the two illegal brokers below.

Name: 3xCapitals

Address: Birmingham, UNITED KINGDOM, B18 6EW

Email: support@3xcapitals.com

Website: https://3xcapitals.com/

Name: WEALTHWISE

Address: Aeschenvorstadt 57, 4051, Basel, SWITZERLAND

Telephone: +16098399745

Mobile: +447460975309

Email: support@wealthwise.pro

Website: www.wealthwise.pro

While exposing these unauthorized brokers, FCA stated that almost all firms and individuals must be authorized by us if they offer, promote, or sell financial products or services in the UK. But these firms are not authorized by us and target UK people.

The authority advised people not to invest with these firms. FCA has also reminded investors to be vigilant when dealing with forex brokers and to conduct proper due diligence before investing any money. Investors should check the FCA's register of authorized firms to ensure that the broker they are dealing with is legitimate.

About FCA

The Financial Conduct Authority (FCA) is a UK regulatory body. The FCA's main role is to protect consumers by regulating financial products and services, promoting competition, and ensuring that financial firms are financially stable. The FCA also has the power to investigate and take enforcement action against firms that breach its rules and regulations.

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Disclaimer:

The views in this article only represent the author's personal views, and do not constitute investment advice on this platform. This platform does not guarantee the accuracy, completeness and timeliness of the information in the article, and will not be liable for any loss caused by the use of or reliance on the information in the article.

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