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FCA Warning List

Is BITFX FREEDOM a Scam?

BITFX FREEDOM was flagged by FCA (UK) on January 2024. Cited reason: Unregistered forex provider.

What this warning means

The UK Financial Conduct Authority (FCA) publishes a public Warning List of unauthorised firms and individuals believed to be carrying out financial services activity in the UK without permission, including "clone firms" that impersonate genuine authorised businesses. A firm on this list has no FCA protection: the client money rules, the Financial Ombudsman Service, and the Financial Services Compensation Scheme (FSCS) do not apply to money sent to it.

How to protect yourself

  • Verify any broker's license number directly on the regulator's own public register — never rely on a logo or claim shown on the firm's own website.
  • Watch for "clone firm" tactics: copying the name, address, or license number of a real regulated broker.
  • Never wire funds, send crypto, or share remote-access software with a firm you cannot verify on an official regulator register.
  • Use our Scam Broker Protect tool to check a name against our full watchlist before you deposit.

Verified regulated alternatives

These brokers are ones we've vetted and verified — regulated, with real trading track records, unlike BITFX FREEDOM.

Hantec Markets
Hantec Markets
★★★★ 4.3/5
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Moneta Markets
Moneta Markets
★★★★ 4.3/5
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BlackBull Markets
BlackBull Markets
★★★★ 4.3/5
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Get alerts for new scam-broker warnings

We track hundreds of flagged entities like BITFX FREEDOM and add new regulator warnings (FCA, ASIC, CFTC, CySEC and more) every week. Get the full watchlist, plus an email the moment a new one is flagged — so you can check before you deposit.

Frequently asked questions

BITFX FREEDOM was flagged by FCA (UK) on January 2024. That warning means it is not shown as authorized to provide the financial services it offers in the jurisdiction that warning covers. Always verify a firm's license directly on the regulator's own register before depositing.

Stop sending further funds, keep records of all communications and transactions, and report the firm to the regulator that issued the warning (FCA (UK)) as well as your local financial regulator and, if a bank transfer or card was used, your bank or card issuer. Our /scam-broker-protect tool lists reporting contacts for major regulators.

This page reflects a warning entry compiled from public regulatory warning lists and industry watchlists: FCA (UK), dated January 2024. We do not independently investigate every entity beyond what the regulator has published — always check the regulator's own live register for the current status.

Many entities on regulator warning lists are "clone firms" that copy the name, branding, or website of a genuinely licensed broker to confuse traders. If you were expecting to deal with a well-known regulated broker, verify you are on that broker's official, regulator-listed domain before depositing.

Reviewed by BrokerAnalysis Research Desk, fact-checked by BrokerAnalysis Editorial Team. Sourced from public regulator warning lists — see our methodology. If you believe this listing is inaccurate, contact us.