The UK Financial Conduct Authority (FCA) has issued a warning against a clone company misusing the details of Forex and CFD broker Admiral Markets.
Clone companies are entities set up by fraudsters. They copy the details (name, logo, address, etc.) of companies authorized by regulatory authorities. This is how they try to convince people that their company is genuine. In fact, clone companies have nothing to do with authorized businesses.
Clone Company Details
Scammers use the following elements to scam people:
Name: admrlmrkts.co (clone of FCA authorized company)
Phone: +442030972830
Email: support@admrlmrkts.co,
support@admiralmarkets.io,
compliance.uk@admiralmarkets.io
Website:
FCA Authorized Company Details
This is the genuine, authorized company the scammers claim to work for. It has nothing to do with the clone company.
The correct details are:
Company Name: Admiral Markets UK Ltd
Company reference number: 595450
Address: Admiral Markets UK Ltd
2 Leman Street
London, E1 8FA, UNITED KINGDOM
Phone: +4402077264003
Email: compliance.uk@admiralmarkets.com
Website: www.admiralmarkets.com
If you deal with the clone, you will not be able to access the Financial Ombudsman Service if you have a complaint.
You also won’t be protected by the Financial Services Compensation Scheme (FSCS) if things go wrong. This means you are unlikely to get your money back if the company goes out of business.