FCA Flags 4 Unlicensed Financial Websites: Safeguard Your Funds

The UKs Financial Conduct Authority (FCA) has issued a warning about four unlicensed financial websites that may be offering or promoting financial services without proper authorization. The regulator urges investors to avoid dealing with these firms as they do not have the necessary FCA license, leaving consumers unprotected in case of disputes or financial losses.

FCA has flagged the following four firms as unauthorized and potentially deceptive:

1. TITAN INVESTMENT GROUP

• Website: www.titaninvestment.co.uk

2. SIMPLIFIED FX

• Address: 1066 Dove Lane, Garden City, New York, USA

• Website: https://simplifiedfx.live/

3. GRANDPROFITS.INFO

• Address: Knightsbridge Green, London, UNITED KINGDOM, SW1X 7QA

• Email: support@grandprofits.info

• Website: https://grandprofits.info

4. CASHMONEYASSETS

• Address: 11 Terrick Rd

• Email: support@cashmoneyassets.net

• Website: https://cashmoneyassets.net/

These firms may provide incorrect contact details, change their information over time, or even use details that belong to legitimate businesses or individuals to appear credible.

What is the FCA?

The Financial Conduct Authority (FCA) is the regulatory body overseeing financial services in the UK. Its primary role is to ensure that financial firms operate fairly, transparently, and in compliance with strict regulations to protect consumers and maintain market integrity.

What Happens If an FCA-Regulated Firm Collapses?

One of the key protections for investors dealing with FCA-authorized firms is the Financial Services Compensation Scheme (FSCS). If a regulated firm collapses, investors may be eligible for compensation:

• Up to £85,000 per person for lost deposits from a failed financial institution.

• Compensation for investment losses if the firm engaged in fraudulent or improper conduct.

• Faster resolution and potential recovery of funds through the FCAs intervention.