UK Financial Conduct Authority issues warnings against multiple unauthorized brokers

The UK Financial Conduct Authority (FCA) has issued several warnings regarding unauthorized financial service providers targeting clients.

Among the new warnings is Forex-gpt.com, a platform that utilizes social media profiles such as Facebook and @yourforexstyle on Instagram to promote its services. The FCA noted that the provider lacks the necessary UK authorization to offer or advertise financial products.

Additionally, the regulator warned against Fx Quantix Option, FXLeader (operated by Leadernet OU), FXLinked—which is identified as an illegal clone of a regulated firm—FX Live, FxMarket365, and FXM Trading / FXM Traders. The FCA also updated an existing warning regarding the credit intermediary Finance Loans.