On April 11, 2023, the Financial Conduct Authority (FCA) issued a warning against Fastcoinworld, believing this broker might be providing financial services or products in the UK without authorization: https://www.fca.org.uk/news/warnings/fastcoinworldcom

Fastcoinworld claims to be operated by fastcoinworld.com LTD, a company supposedly registered in the UK with a certificate of incorporation from the Companies House (CH) under the company number 11712396. However, this number belongs to a company named BIT KINDLE LIMITED in the registry of the CH. That means this broker is using false information to deceive unsuspecting investors. In addition, it is important to note that the CH is only a registrar of companies in the UK responsible for incorporating and dissolving companies, and the authority to regulate financial industry in the UK rests with the Financial Conduct Authority (FCA). But the FCA has already added Fastcoinworld to its warning list for operating illegally in the UK without proper authorization.

In essence, Fastcoinworld is not regulated by any governing body. Entrusting this broker with investors' funds is highly risky, as there are no legal protections in place to safeguard the funds. It is unequivocally a scam.