FCA warns against Melisfx / FSXM Group (clones of FCA authorised firm)

Melisfx / FSXM Group is not authorised or registered by the FCA but has been targeting people in the UK, claiming to be an authorised firm. Almost all firms and individuals carrying out financial services activities in the UK have to be authorised or registered by the FCA.

Clone firm details

Websites: www.melisfx.com; www.fxsmgroup.com

Email: [email protected]; [email protected]

FCA authorised firm details

Firm Name: Pepperstone Limited

Firm Reference Number: 684312

Address: 70 Gracechurch Street, London, EC3V 0HR

Telephone: +448000465473

Email: [email protected]

Website: https://www.pepperstone.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.