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Be aware of brokers operating without a license!

Unauthorised brokers operating in the UAE

This data is provided by SCA, DFSA & FSRA.
Excellence fx limited Company
Warning
Not licensed. SCA disclaims responsibility and urges due diligence.
Source: 
Published on 
8/4/2025
Impersonation of "CGL (Dubai) Limited"
Warning
The DFSA alerts the financial services community and the public about a scam involving the impersonation of CGL (Dubai) Limited, a DFSA Authorised Firm.
Source: 
Published on 
4/4/2025
Amanahclub
Warning
Not licensed to perform regulated services. Verify legitimacy before dealing.
Source: 
Published on 
25/3/2025
Global Investors FX
Warning
False and misleading claims to maintain a branch office in ADGM’s jurisdiction.
Source: 
Published on 
19/3/2025
Instant Loan Inc.
Warning
This entity falsely purports to offer loans to individuals and corporate entities and then solicits fraudulent upfront payments for purported services in ADGM.
Source: 
Published on 
19/3/2025
FB Financial Brokers
Warning
The FSRA warns that false claims on the website may mislead investors into believing that FB Financial Brokers is licensed to operate in ADGM, which it is not.
Source: 
Published on 
5/3/2025
Freedom FX Broker
Warning
The FSRA warns that false claims on the website may mislead investors into believing that Freedom FX Broker is licensed to operate in ADGM, which it is not.
Source: 
Published on 
5/3/2025
Zenstox Company
Warning
Not licensed. SCA denies responsibility and urges investor caution.
Source: 
Published on 
5/3/2025
Impersonation of "GWP Management Limited"
Warning
The DFSA alerts the public to a scam involving the impersonation of a DFSA Authorised Firm, GWP Management Limited (trading as Gateway Partners).
Source: 
Published on 
24/2/2025
Right Suit Legal Service Company
Warning
Not licensed. Verify before any financial transactions or agreements.
Source: 
Published on 
17/2/2025
Kalasantro
Warning
The DFSA alerts the financial services community and the public to a scam in which a firm falsely claims to be regulated by the DFSA.
Source: 
Published on 
12/2/2025
Onepro Global limited / Gold Stocks Commercial Brokers LLC
Warning
Neither company is licensed. SCA disclaims liability for dealings.
Source: 
Published on 
6/2/2025
Investico
Warning
Not licensed. SCA disclaims responsibility and warns of potential fraud.
Source: 
Published on 
4/2/2025
Exotic Fx limited company
Warning
Not licensed. SCA urges caution and verification before engagement.
Source: 
Published on 
4/2/2025
Prosperity FZCO Company
Warning
Not licensed. SCA disclaims responsibility for any related activities.
Source: 
Published on 
4/2/2025
Nexus Invest
Warning
The DFSA alerts the financial services community and the public to a scam in which the scammers falsely claim to be an Authorised Firm regulated by the DFSA.
Source: 
Published on 
7/1/2025
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