FCA Warns of Fraudulent Clone Firm Impersonating Admiral Markets UK

The UK's financial regulator has warned of a fraudulent firm impersonating the legitimate Admiral Markets UK Ltd. According to the Financial Conduct Authority (FCA), the clone, known as admrlmrkts.co, is illicitly using Admiral Markets UK Ltd's credentials.

Investors, beware! The Financial Conduct Authority (FCA), the UK's financial watchdog, has issued a warning about a fraudulent firm impersonating the legitimate investment firm Admiral Markets UK Ltd.

This imposter, operating under the name admrlmrkts.co, is using Admiral Markets' credentials to deceive unsuspecting individuals. The scam involves mimicking the real company's contact details, such as phone numbers (+442030972830) and email addresses (support@admrlmrkts.co, support@admiralmarkets.io, compliance.uk@admiralmarkets.io), and even has a website (admrlmrkts.co). The FCA emphasizes that the clone mixes fake details with real ones to appear genuine.

For clarification, the genuine firm is Admiral Markets UK Ltd, a legitimate and FCA-authorized company (reference number 595450) with the correct email address compliance.uk@admiralmarkets.com.

Clone firms are a growing threat, exploiting the reputation of established businesses to lure investors into scams. The FCA urges the public to be vigilant against unsolicited offers for financial services or investments, especially those that seem too good to be true.

This is not an isolated incident. The FCA recently exposed another clone, “finaltolive.com,” masquerading as the legitimate FCA-registered firm Finalto Financial Services Limited. The imposter uses the email address h.stevens@finaltolive.com, and the FCA warns that there might be additional fake contact information involved.

Furthermore, last month, the FCA identified ten companies suspected of illegally offering or promoting financial services. These firms, including GLOBAL SKY TRADING, SUPERMININFX.LTD, ELITEGLOBALMINERS, FLOWSGLOBAL, LEGITIMATEFXPRO.COM, and SOLID-TRADES UNIT, all lacked proper authorization.

By staying informed and exercising caution, investors can protect themselves from falling victim to these deceptive schemes. If you are unsure about the legitimacy of a financial service provider, always verify their FCA authorization before making any investment decisions.