FCA warns against WinFX (Clone of FCA Authorised firm)

WinFX (Clone of FCA Authorised firm) is not authorised or registered by the FCA but has been targeting people in the UK, claiming to be an authorised firm.

Unauthorized firm details - WinFX (Clone of FCA Authorised firm)

Address: 57 Coventry Drive, Lexington, UNITED KINGDOM
Telephone: +1230000000
Email: [email protected]
Website: https://www.winfxtrades.online/

FCA authorised firm details - Trading Point of Financial Instruments UK Limited

Firm Name: Trading Point of Financial Instruments UK Limited
Firm Reference Number: 705428
Address: Finsbury House 23 Finsbury Circus London, EC2M 7EA, UNITED KINGDOM
Telephone: 442031502020
Email: [email protected]
Website: http://www.trading.com/uk/

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.