The UK’s Financial Conduct Authority (FCA) has issued a warning against an Eightcap Group Ltd clone.
Clones are fraudulent entities that misuse the data (name, address, logo, etc.) of regulated companies in order to mislead potential victims and lure them into investing in the copycat companies.
The FCA warns that Eightcap VIP is not authorized by the regulator but has been contacted by people pretending to be an authorized company.
Cloning company details
Scammers use the following details to trick people:
Name: Eightcap VIP / eightcap.vip (FCA Authorized Company Clone)
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: Eightcap Group Ltd
Company reference number: 921296
Address: 40 Gracechurch Street
London, EC3V 0BT, UNITED KINGDOM
Phone: +44443331503027
Email: customerservice-uk@eightcap.com
If you deal with the clone company, you will not have access to 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.