ASIC Flags Three Unregulated FX Firms Including Fibonetix

The (ASIC) has finished the week by updating its warning list, alerting the public to four entities operating without authorisation, three of which are claiming to provide foreign exchange (forex) trading.
This Friday the Australian regulator has singled out GG Capital Group Limited (trading as BlueLexus), UCI-Limited and Fibonetix. The watchdog did also flag Hertford Group Hong Kong, however, it is not clear what this entity offers as its website appears to no longer be available.

In each of the three warnings, ASIC states: “ASIC advises this company could be involved in a scam. Do not deal with this business as it is unlicensed in Australia. The business listed below has made unsolicited calls or sent emails about investing, financial advice, credit or loans and does not hold a current or an Australian Credit licence from ASIC.”
UCI-Limited claims to be an online investment company “that aims in providing transparent and quality trading services around the world to cater different clients around the globe,” its website ( states.
BlueLexus ( and Fibonetix ( also claim to be trading providers of a range of assets – forex, stocks, commodities, indices and more.
ASIC is not the first to warn against Fibonetix
ASIC is not the first regulator to warn against Fibonetix. As , earlier this year the agency responsible for the financial regulation in Luxembourg, the Commission de Surveillance du Secteur Financier (CSSF) for operating in the country without having that proper authority.
Specifically, the CSSF warned against Zeus Tech & Trading Group Ltd, which operates via back in July of this year.
“The CSSF informs the public that an entity named Zeus Tech & Trading Group Ltd is not known to it and has not been granted any authorisation to provide investment services or other financial services in or from Luxembourg,” the statement at the time said.

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