Broker Review

Unauthorised Firm Details

Name: Metagenfx.co.uk
Website: www.metagenfx.co.uk

Metagenfx.co.uk Under Scrutiny Following FCA Warning and Scam Reports

The website metagenfx.co.uk has recently come under serious scrutiny after the Financial Conduct Authority (FCA) of the United Kingdom issued an official warning regarding its operations. On November 29, 2024, the FCA published a notice stating:

“This firm may be providing or promoting financial services or products without our permission. You should avoid dealing with this firm and beware of scams.”
This warning strongly suggests that metagenfx.co.uk is not authorized to offer financial services in the UK, raising significant concerns about the legitimacy and regulatory compliance of the firm.

One of the most alarming discoveries is that the company has listed false contact information on its website, including a non-functional phone number and a potentially fictitious business address. Such deceptive practices are often associated with fraudulent entities that attempt to mislead consumers into a false sense of security.

Despite these concerns, metagenfx.co.uk has reportedly been running an extensive advertising campaign across the United Kingdom. This is particularly troubling because any firm promoting or offering financial products and services to UK consumers is legally required to be registered and authorized by the FCA. Since metagenfx.co.uk lacks this authorization, it is effectively operating illegally within the UK’s financial sector.

Further investigation has revealed that the domain metagenfx.co.uk is currently inactive, likely as a result of multiple reports of fraudulent behavior. Numerous complaints have also been documented across several verified review platforms, indicating a broader pattern of misconduct and scams linked to the company.

Conclusion

Given the FCA’s official warning, the use of false contact details, the lack of regulatory authorization, and numerous reports of fraudulent activity, metagenfx.co.uk presents a high risk to consumers. The firm appears to be operating outside legal boundaries and without the proper oversight required to offer financial services in the UK.

Anyone considering interacting with or investing through this platform should exercise extreme caution. It is strongly recommended to avoid metagenfx.co.uk entirely