Warning issued over DigitalFxinvestment and what it means for your money
The FCA has published a warning that DigitalFxinvestment may be operating without permission. This article explains what that means for consumers, how to check a firm’s legitimacy and what to do if you have already interacted with the company.
Warning issued over DigitalFxinvestment and what it means for your money
The Financial Conduct Authority has issued a public warning that the firm DigitalFxinvestment is not authorised to provide regulated financial services and may be operating unlawfully.
Source: https://www.fca.org.uk/news/warnings/digitalfxinvestment
This warning serves as an alert for consumers to avoid dealing with the company and to take immediate action if they have already made payments or shared personal information.
What the FCA warning means
According to the FCA’s notice:
- DigitalFxinvestment is not authorised or registered to offer regulated financial services.
- Consumers interacting with this firm are not covered by the Financial Ombudsman Service.
- Consumers are not protected by the Financial Services Compensation Scheme (FSCS).
Source: https://www.fca.org.uk/news/warnings/digitalfxinvestment
When a firm appears on the FCA warning list, it means the regulator has identified significant risks or evidence that the firm is misleading customers.
How to check if a firm is legitimate
1. Use the FCA Firm Checker
Consumers can check any financial firm’s authorisation status using the FCA’s firm-checking tool.
Source: https://www.fca.org.uk/consumers/firm-checker
If the firm is missing from the register, it means:
- it is not authorised
- it does not meet regulatory standards
- you are not protected if things go wrong
2. Check for signs of unauthorised activity
Unauthorised firms often:
- use vague company details
- offer high or guaranteed returns
- request payments through unusual channels
- provide no physical address or verifiable contact details
The FCA states clearly that DigitalFxinvestment may be providing financial services without permission, which is illegal.
Source: https://www.fca.org.uk/news/warnings/digitalfxinvestment
What happens if you deal with an unauthorised firm
If you send money to a firm that is not authorised:
- You cannot complain to the Financial Ombudsman Service.
- You cannot claim compensation from the FSCS.
- Your bank may not be able to recover the funds.
- The firm may disappear, stop responding or close its website.
The FCA emphasises that dealing with unauthorised firms leaves consumers exposed with no regulatory protection.
Source: https://www.fca.org.uk/news/warnings/digitalfxinvestment
What to do if you believe you have interacted with DigitalFxinvestment
If you think you have dealt with this firm:
- Stop making further payments immediately.
- Contact your bank or payment provider and inform them that you may have been targeted by an unauthorised firm.
- Check the firm’s status on the FCA register to confirm it is not authorised.
Source: https://www.fca.org.uk/consumers/firm-checker - Keep all evidence, including messages, emails, receipts and transaction history.
- Report the matter to the FCA using their online reporting form.
Source: https://www.fca.org.uk/consumers/report-scam-us - Report to Action Fraud if you believe a criminal offence has taken place.
Action Fraud website: https://www.actionfraud.police.uk
Be alert to “recovery scams,” where fraudsters pretend to help victims recover lost money but instead demand additional payments.
Why warnings like this matter now
In periods of financial strain, households are more vulnerable to:
- “too good to be true” investment offers
- false trading platforms
- impersonation scams
- social-media advertisements for unregulated schemes
The FCA’s warning system plays an essential role in helping consumers identify high-risk firms before they lose money.
Key points to remember
- DigitalFxinvestment has been publicly flagged as unauthorised.
- You have no FSCS or Ombudsman protection if you deal with the firm.
- Always check a firm’s details in the FCA register before transferring money.
- If you have already paid the firm, act quickly: contact your bank, gather evidence and report it.
- Be especially cautious of firms that are not listed in the FCA register or that appear on the FCA warning list.
Understanding how these warnings work can help you avoid financial loss and stay alert to unauthorised firms that pose a risk to your money.
