The UK Financial Conduct Authority (FCA) has issued a warning about a clone of Forex and CFD broker Admiral Markets.
Clones are fraudulent entities that misuse the data (names, logos, license number, address, etc.) of licensed entities. In fact, the clones have nothing to do with the authorized companies. However, clones use the resemblance to authorized entities to lure potential victims.
The FCA warns that Admiral Trading is a clone of the FCA authorized company Admiral Markets.
Admiral Trading is not authorized by the FCA but has been contacted by people pretending to be an authorized company.
Cloning company details
Scammers use the following details to trick people:
Name: Admiral Trading (FCA authorized clone)
Address: 5 Midway Road, Leicester, ENGLAND, LE5 5TP
Phone: +33159200783, +441133408252
Email: support@admiraltrading.vip,
christopher@admiraltrading.vip
Website: www.admiralsfx.trade
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 Admiral Trading, 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.
The FCA has previously warned about Admiral Markets clones.