FCA warns against Zenfinex (clone of FCA authorised firm)

Zenfinex (clone of FCA authorised firm) is not authorised or registered by the FCA. This firm has been targeting people in the UK, claiming to be an authorised firm.

Unauthorized firm details - Zenfinex (clone of FCA authorised firm)

Website: https://zfxtrade.com

FCA authorised firm details

No further information provided, yet.

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.