FCA warns against VIP Crypto and Cryptonix Team

Cryptonix Team and VIP Crypto made it to the black list of the financial regulatory body of Great Britain.

Based on gathered information the FCA believes that VIP Crypto and Cryptonix Team are carrying activities that are subject to regulation, however they have no necessary licence.

These services allow trading with cryptocurrencies and based on the FCA’s warning we can assume that in an indirect way via CFDs.

Moreover, according to the regulator VIP Crypto and Cryptonix Team a falsely claiming to be associated with a regulated company.

For trading use regulated brokers.