Clone of CWG Markets

UK‘s Watchdog Financial Conduct Authority (FCA) warned against a clone firm that is using the name and details of the regulated firm and duped innocent people’s money. You must stay away from the clone firm of CWG Markets. Here are the details of it. Have a look and stay safe.

Name: CWG Markets/ CWG Foreign Exchange (Clone of FCA Authorised firm)

Website: https://www.cwg-ins.com/, https://www.cwg-ins.com/lxwom.html

Clone firms are a major nuisance in the Forex Industry. Every day, an illegal broker or firm swindles peoples money by imitating a legitimate one and using the details of the authorised firms. Clone firms are basically brokers which use reputable brokers' names, logos, and websites to lure traders into depositing funds with them. They not only defraud traders but also damage the reputation of legitimate brokers. FCA shared the correct details of the CWG markets.

Firm Name: CWG Markets Ltd

Firm Reference Number: 785129

Address: 76 Cannon Street

3rd Floor

London, EC4N 6AE, UNITED KINGDOM

Telephone: +442039471777

Email: support@cwgmarkets.co.uk

Website: www.cwgmarkets.co.uk

The FCA stated that almost all firms and individuals must be authorised by us if they offer, promote, or sell financial products or services in the UK. But this clone firm is not authorised by us and targets UK citizens.

The FCA has also reminded traders or investors to be vigilant, do their due diligence, and thoroughly research any broker they plan to work with. This includes checking the broker's regulatory status, reading reviews from other traders, and verifying the broker's contact information.

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