FCA warns unauthorised firm DEMINI TRADES (deminitradefx.com) may be targeting people in the UK
The UK FCA added DEMINI TRADES (deminitradefx.com) to its Warning List on 19 October 2026, saying the firm is not authorised by it and may be targeting people in the UK. Customers would have no Financial Ombudsman or FSCS protection.
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Source: fca.org.uk · published
What happened
The UK Financial Conduct Authority (FCA) added DEMINI TRADES to its Warning List of unauthorised firms on 19 October 2026. The FCA says DEMINI TRADES is not authorised or registered by it and may be targeting people in the UK. The contact details the FCA lists for the firm are the website www.deminitradefx.com and the email address support@deminitradefx.com; it also lists addresses at Canary Wharf in London and in Frankfurt, Germany. The FCA cautions that unauthorised firms may give incorrect contact details, including addresses that belong to other businesses, so those addresses are not repeated here as identifiers. People who deal with an unauthorised firm have no access to the Financial Ombudsman Service and are not protected by the Financial Services Compensation Scheme. The FCA advises checking any financial firm on its Firm Checker before dealing with it.
What the warning means
The FCA says almost all firms and individuals must be authorised or registered by it to carry out or promote financial services in the UK, and that this firm may be providing or promoting financial services or products without its permission. It advises avoiding the firm and being wary of scams.
Anyone who deals with an unauthorised firm will not have access to the Financial Ombudsman Service if they want to complain, and will not be protected by the Financial Services Compensation Scheme (FSCS) if things go wrong, so it is unlikely they would get their money back if the firm goes out of business. The FCA adds that people who sent money to a fraudster on or after 7 October 2024 may be covered by reimbursement protections introduced by the Payment Systems Regulator.
The FCA also warns that firms on its list may give incorrect contact details, may change them over time, and may use details that belong to another business or individual so that the information looks genuine. It recommends dealing only with authorised firms and using the FCA Firm Checker to confirm that a firm is authorised and has permission for the services it offers. The FCA's Warning List can be searched for other unauthorised firms and individuals.
Source
Financial Conduct Authority, "DEMINI TRADES" Warning List entry (first published 19 October 2026).
Red flags
- A trading or investment firm that doesn't appear as authorised on the FCA Firm Checker.
- Contact details or a UK address that don't match an FCA-authorised firm's register entry.
- Unsolicited offers of trading, crypto or investment returns by phone, email or social media.
- Pressure to deposit quickly or to pay fees before you can withdraw.
If you were targeted
- 1Don't send money to or share personal or banking details with the firm.
- 2Check any firm on the FCA Firm Checker and Warning List before dealing with it.
- 3If you've already paid, contact your bank straight away; you may be covered by Payment Systems Regulator reimbursement rules for payments made on or after 7 October 2024.
- 4Report the firm to the FCA through its website or on 0800 111 6768.
- 5Be wary of anyone who later offers to recover your money for a fee.