FCA Warns Against Multiple Unauthorised Forex Brokers

The UK Financial Conduct Authority has added several forex trading platforms to its warning list over unauthorised financial services.

Among the names identified by the regulator, WikiFX records include Tradeprimefex, Lion Gate Capitals, Orbitrade Capital, IBO International, Pinnacle Purex, Sterling Prime Markets and Trade Morphix as forex-related brokers.

The FCA warnings state that the firms are not authorised to provide regulated financial services in the UK.

Contents

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Several Warned Platforms Appear in WikiFX Forex Records

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FCA Warning Adds to Existing Regulatory Risk

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WikiFX Risk Records

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About WikiFX

Several Warned Platforms Appear in WikiFX Forex Records

Tradeprimefex is listed on WikiFX without a valid forex trading licence. The broker operates through the domain tradeprimefex.sbs, the same website associated with the FCA warning.

Lion Gate Capitals is also recorded as an unregulated forex broker. WikiFX data identifies LIONGATE CAPITALS LIMITED as the company name and liongatecapitals.com as the broker website.

Orbitrade Capital appears separately in WikiFX under orbitradecapital.net, with no valid forex trading licence recorded.

IBO International is listed with more than 100 currency pairs and hundreds of CFD products, but no valid forex regulatory licence is shown in the broker record.

Pinnacle Purex, Sterling Prime Markets and Trade Morphix carry the same core regulatory concern on WikiFX: no valid forex trading licence has been identified for the entities currently operating through the listed websites.

FCA Warning Adds to Existing Regulatory Risk

An FCA warning does not depend on whether a platform describes itself as a forex broker, investment company or trading service.

The key issue is authorisation. Financial services requiring FCA permission cannot legally be offered in the UK without the relevant approval.

For the forex brokers above, the FCA notices add another regulatory warning to broker profiles already showing an absence of valid forex regulation on WikiFX.

Website names, company addresses and trading-account descriptions do not replace a financial licence. Regulatory records remain the main reference for determining whether a forex entity operates under recognised supervision.

WikiFX Risk Records

WikiFX broker profiles combine regulatory status, company information, websites and available trading details in a single broker record.

For the forex platforms identified in the latest FCA warnings, the current records show no valid forex regulatory licence. The FCA warnings further reinforce the regulatory risks already reflected in those profiles.

About WikiFX

WikiFX is a global forex broker information and verification platform. It provides broker profiles, regulatory records, licence information, risk alerts and industry updates, with a focus on identifying the entities and regulatory status behind forex and CFD trading platforms.