The UK Financial Conduct Authority (FCA) has issued fresh warnings against Qikap and Rubizio, identifying both websites as unauthorised financial-services providers potentially targeting British consumers. The alerts were published on November 5 and 6 and featured in ForexRev’s November 8 roundup of 11 FCA warning entries involving trading and investment platforms.
Other names in the roundup include Nova Financial Group, algospheremarkets.com, profitaipilot.com, intelliwealthgp.com and www.icumarkets.com. Qikap stands out because its website contains conflicting corporate contact details, cryptocurrency deposit requirements and a withdrawal condition involving customer referrals. Rubizio, meanwhile, appears in the same warning batch with an address in London’s Canary Wharf.
Qikap warning raises questions over Singapore registration and withdrawals
The FCA first published its warning against www.qikap.com on November 5, describing the website as an unauthorised financial-services provider that may be targeting consumers in the UK. The regulator identifies an address at Unit 2 Greystones Court, Towthorpe Lane, York, and the Instagram account @qikap_ai.
The website’s own corporate disclosures provide a different picture. Its terms and conditions, last updated on June 14, identify Qikap Technologies Pte. Ltd. as the legal entity operating the platform, claiming registration in Singapore under number 202412345C.
The same document lists a business address at 10 Anson Road, International Plaza, Singapore. However, the website footer continues to display the York address identified by the FCA.
The two addresses sit on different pages, and the mismatch is hard to miss. The Singapore registration number has not been independently corroborated in the material reviewed, leaving the claimed corporate identity unresolved.
There are additional questions in the platform’s contractual arrangements. Qikap’s terms require deposits in USDT through supported blockchain networks, including TRC20 and BEP20. Withdrawals have a stated minimum of 50 USDT and require identity and liveness verification before the first withdrawal.
A seperate provision states that withdrawals may be temporarily restricted when a deposited customer has not referred at least two active users. The platform also operates a subscription-based AI trading-bot service, with recurring monthly fees that are described as non-refundable for the current billing cycle.
The website’s advertised returns add another issue for prospective customers. Its homepage displays daily ROI figures ranging from 2% to 7.5% across its bot plans, while the FAQ section lists expected daily returns of 12.5% to 22.5% for the paid tiers. These figures are inconsistent, and the pages reviewed do not provide independently audited performance records supporting the claims.
None of these website discrepancies establishes that customer funds have been misappropriated or that the claimed Singapore company does not exist. They do, however, provide specific questions about the platform’s operating entity, financial arrangements and advertised trading performance that remain unanswered.
Rubizio and other trading platforms added to FCA warnings
The FCA added www.rubizio.com to its warning list on November 6, identifying it as another unauthorised provider potentially targeting UK consumers.
The regulator’s entry lists an address at 40 Bank Street, Canary Wharf, London, E14 5NR, alongside two UK telephone numbers and the website’s contact email. ForexRev describes Rubizio’s advertised services as covering stocks, bonds, contracts for difference (CFDs), forex and cryptocurrencies.
The FCA has not established that the listed address represents an actual operating office. Its warning notices specifically caution that unauthorised firms may provide incorrect contact details or use information belonging to unrelated businesses and individuals.
ForexRev’s November 8 roundup counted 11 FCA warning entries. Besides Qikap and Rubizio, the selected list includes Nova Financial group limited or NV-Group, Crypto Global Brokerage, intelliwealthgp.com, profitaipilot.com, algospheremarkets.com, www.apex-globalassets.com, www.icumarkets.com, REVOLVE TRUST and www.primemineblock.com.
Several of these entries carry additional regulatory context. Nova Financial group limited or NV-Group had previously appeared on Poland’s KNF warning list, according to ForexRev. Intelliwealthgp.com had also been identified by New Zealand’s Financial Markets Authority in September 2026 as an imposter investment platform.
The FCA’s November 6 notice against Nova Financial identifies websites operating under the nv-group.cc domain and an address at Canada Square in Canary Wharf. Its warnings against algospheremarkets.com and profitaipilot.com also identify purported London business addresses.
The www.icumarkets.com entry deserves particularly careful wording. The FCA identifies that specific website as unauthorised, but its November 6 notice does not establish any relationship with the established IC Markets brokerage group. The name overlap is obvious enough, but the connection is not there in the FCA notice. The warning should therefore not be presented as regulatory action against the established brokerage business.
The 11-name figure is ForexRev’s count, rather than a comprehensive tally of every new FCA warning. The regulator’s live database was displaying additional entries dated November 6 when checked, including other financial-services and investment websites.
The latest alerts follow earlier FCA warnings involving three trading and investment websites, including 22K Trader, which the regulator identified as an operation impersonating an authorised investment fund. DaveFinances also previously examined FCA warnings involving Shard and Octopus clone websites, highlighting the regulator’s continuing attention to unauthorised investment operations and the misuse of established financial identities.
What the latest FCA warnings mean for investors
The FCA warnings identify firms and websites that the regulator believes may be providing or promoting financial services without the required UK authorisation. They are regulatory alerts, not court judgments establishing fraud, criminal conduct or customer losses.
There are nevertheless direct consequences for consumers dealing with the named unauthorised operations. The FCA says customers would not have access to the Financial Ombudsman Service for complaints against these firms and would not recieve protection through the Financial Services Compensation Scheme if the businesses failed.
These warnings also reinforce the need to distinguish between a company’s advertised corporate identity and the legal entity actually providing a financial service. A London address, an overseas registration number or a familiar trading name does not establish regulatory authorisation.
The FCA has previously taken action against CFD businesses that used UK regulatory permissions to lend credibility to affiliated overseas operations. Its campaign, which resulted in 21 firms closing and three others beginning to cancel their permissions, illustrates why the precise legal entity behind a trading account remains important. DaveFinances examined the FCA’s campaign against the misuse of UK authorisation by CFD firms in September.
Investors should check the exact company name, website address and permitted activities through the regulator’s Warning List of unauthorised firms and Firm Checker before transferring funds. A verifcation of the website alone is insufficient if the contractual counterparty is a different company.
For Qikap, the outstanding questions concern its claimed Singapore registration, the discrepancy between its York and Singapore addresses, and the referral condition in its withdrawal policy. For Rubizio and the other named platforms, the FCA has established their unauthorised status in the UK but has not published customer-loss figures or identified the individuals behind their operations.
Further corporate-registration evidence, customer disclosures or regulatory updates would be needed to establish more about how these platforms operate. For now, the warnings provide a clear record of the FCA’s concerns, while the underlying corporate and operational questions remain open.
Johan Shamshad is Editor-in-Chief at Dave Finances, covering financial markets, digital assets, trading platforms, brokers, fintech, payments and regulation. Since 2023, he has also worked as an editor at Gulf News, the UAE English-language newspaper published by Al Nisr Publishing LLC. His work focuses on market-moving developments, company disclosures, regulatory changes and trading infrastructure, with an emphasis on primary-source verification and practical context for traders and investors.