Beware of Omega Crypto, Kodimax, IPO-FX, WVH, Traders Watch a Tradition Finance

During the past week the Financial Conduct Authority (FCA) from the UK has warned the public against more unauthorized investment and financial services.

OmegaCrypto

OmegaCrypto reviewOmega Crypto offers cryptocurrency trading. But it is indirect trading with contracts for difference (CFD). The minimum deposit for a trading account is 500 euros.

OmegaCrypto therefore is not an exchange, it is a broker that needs an authorization for every country it wants to sell its services to. It is located in Singapore, but it is not regulated anywhere. Despite this fact it is offering its services all over the world, including the UK. This is why the FCA has warned against it.

Kodimax

Kodimax reviewKodimax is a broker that uses contracts for difference for Forex, commodities, stocks and cryptocurrency trading. The minimum deposit to open a real account is 500 euros.

This broker doesn’t say which country it is located in, but its phone numbers lead to the Czech Republic and the United Kingdom. So, the broker is obviously targeting residents of these countries. The problem is that it is not authorized to provide investment services, it is an anonymous and unregulated broker.

IPO-FX

IPO-FX reviewIPO-FX Finance is presented as a private investment fund that allows ordinary people to invest into stocks that are normally available only to accredited investors. Yearly returns are supposedly fixed at 10%.

IPO-FX claims to be headquartered in England and to have a license to provide investment services. But it is not true. FCA has placed this company on its blacklist, because it is not authorized.

WVH Advisors

WVH Advisors reviewWVH Advisors is a company that allegedly is investing in new sustainable technologies. WHV claims to be a British company that is regulated by the FCA, but it is not true.

It is an illegal clone of another company and the FCA has warned against WVH, because it is not regulated.

Traders Watch

Traders Watch reviewTraders Watch is offering help to investment scam victims. It claims to be able to recover money lost in online fraud. But it obviously is a scam service, because on its website you will find fake reviews with stock photos.

According to the FCA, Traders Watch is offering services that require an authorization from the regulator. But Traders Watch does not have any authorization.

Tradition Finance

Tradition FinanceTraditionFinance is another illegal clone of a regulated company. It claims to be investing in precious metals and modern technologies to generate up to 8% returns per year.

But Tradition Finance is an illegal operation that is not authorized to provide investment services.

Summary

OmegaCrypto, Kodimax, IPO-FX, WVH Advisors, Traders Watch and Tradition Finance are unregulated companies that the Financial Conduct Authority has warned against.

For trading and investing we recommend using regulated brokers only.

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