FCA-Regulated Forex Brokers Are Declining — 31 Platforms to Avoid
As of December 1, 2025, a total of 105 companies in the United Kingdom held CFD licences.
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Want to recover your lost funds? WikiFX is willing to help!
Abstract：In a bid to promote transparency and fairness in the forex industry, WikiFX is launching the WikiFX Forex Rights Protection Day on April 1st.
Event Theme: April 1st, WikiFX Forex Rights Protection Day
Event Duration: March 7, 2024 - April 1, 2024
About WikiFX Forex Rights Protection Day on April 1
In a bid to promote transparency and fairness in the forex industry, WikiFX is launching the WikiFX Forex Rights Protection Day on April 1st. This event aims to collect information on fraudulent activities within the forex industry from users worldwide and expose such malpractices. By encouraging users to submit evidence of scams and fraudulent activities, WikiFX intends to help victims recover their lost funds and raise awareness about potential risks in forex trading.
Basic Rules
The event adheres to principles of truthfulness and objectivity. All participating users are required to submit genuine evidence.
During the event period, users can submit evidence through the “Exposure” feature on the WikiFX App. Each piece of evidence submitted will undergo individual verification to ensure its authenticity and validity. After collating all evidence, brokers will be categorized based on the nature of their misconduct, and rankings will be determined. The unified exposure of these rankings will take place on April 1st.
How to Submit Evidence
To submit evidence, users can open the WikiFX App, click on the “Exposure” button, select the type of exposure and the relevant broker, and then submit the evidence.
Reward System for Evidence Submission
Users who submit evidence will be incentivized with rewards through ForexPay. Upon submission, users are required to provide their ForexPay account details. The rewards will be directly transferred to the respective ForexPay accounts. The list of users receiving rewards will be regularly announced on social media platforms, and winners will be contacted to claim their rewards.
Conclusion
The WikiFX Forex Rights Protection Day on April 1st aims to empower forex traders to fight against fraudulent activities by submitting evidence of scams and malpractices. Through collective action, we can expose the truth and protect the interests of traders in the forex market. Together, let us stand against fraud and promote transparency and integrity in the forex industry.
Disclaimer:
The views in this article only represent the author's personal views, and do not constitute investment advice on this platform. This platform does not guarantee the accuracy, completeness and timeliness of the information in the article, and will not be liable for any loss caused by the use of or reliance on the information in the article.
Further Reading
Investigating BotBro - The Mastermind of Alleged INR 800 Crore Forex & Crypto Trading Scam
BotBro is a Dubai-based forex broker that has continued to grab headlines for years, with its name being involved in one scam after another. In the latest episode, its name was found in the alleged INR 800 crore forex and crypto trading scam in Goa. Top-level agencies, including the Enforcement Directorate (ED), are investigating the case. They have labeled the platform as a Ponzi scheme. The platform is disguised as an AI-powered forex trading app. In connection with this case, the Goa Police Economic Offences Cell (EOC) filed a First Information Report (FIR) against 10 individuals, including the company owner, Lavish Chaudhary Alias Nawab Ali, for fund misappropriation worth over INR 7.3 crore. Read on as we share the BotBro review in this article.
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Good News for Rupee Derivative Traders as RBI Lifts Curbs on Banks
In what would lift the mood of rupee derivative traders, the Reserve Bank of India (RBI) partially lifted some restrictions on rupee derivative trades imposed by the regulator on April 1, 2026. On this day, the central bank prevented banks from issuing non-deliverable forwards to clients and barred companies from reassessing forward contracts as part of its strategy to counter arbitrage trades, which caused fluctuations in the rupee’s exchange rate. The central bank further prevented banks from signing FX derivative contracts involving the rupee with their associated parties. Read on!
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Exclusive Interview WikiFX April: Trader Becomes Victim of Alleged Forex Broker SixFX
Overview: A comprehensive investigation into the alleged scam case involving forex broker SixFX (Six Global Markets Ltd) in Indonesia. Explore an exclusive interview with an Indonesian victim, WikiFX’s review, and the latest user complaint evidence from 2026.
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