The British Financial Conduct Authority has warned against seven new unregulated investment services.
These latest additions to the FCA’s blacklist are investment services, brokers and wealth management companies.
The important thing is that they all provide services that are regulated, which means they need a licence. But they don’t have any, these companies are not regulated:
- Coin Boost
- Trade X1
- Crypto Robot 365
- 10 Brokers
- Apex Tradex
- PGM Patrimoine
- Virtous Wealth
For trading we recommend using regulated brokers only.