FCA warns against Archax Trade (Clone of FCA authorised firm)

Archax Trade (clone of an FCA Authorised Firm) is not authorised or registered by the FCA. Based upon information that FCA holds, they believe that the firm is carrying on regulated activities which require authorisation.

Clone firm details

Email: [email protected]

Website: archaxtrade.com

FCA authorised firm details

Firm Name: Archax Ltd

Firm Reference Number: 838656

Address: 125 Old Broad Street, London, EC2N 1AR, UNITED KINGDOM

Telephone: +4402030342780

Email: [email protected]

Website: www.archax.com

How To Protect Yourself From Scams 

Brokerswatch recommends investing only with brokers that are regulated by reputable authority.

Reputable regulatory authority provides additional protection to investors by ensuring that financial firms apply proper standards and rules. Additionally, if the broker tries to cheat you out of your money, it is the regulator’s job to force the financial firm to compensate you for any wrongdoing.