FMA warns against Big Uncle

FMA in New Zealand believes that Big Uncle is operating a scam through www.biguncle.work (the website) and other various websites. FMA received a report that a New Zealand resident is unable to recover crypto currencies invested through Big Uncle’s MetaTrader App and the website.

Unauthorized Firm Details

Entity name: Big Uncle/ Biguncle
Address: Unit 12, Ravenswood Industrial Estate, Shernhall St, London E17 9HQ
Email:[email protected]
Website: biguncle.work; biguncle.online; biguncle.co.uk; biguncle.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.