The UK Financial Conduct Authority (FCA) has issued a warning regarding a clone of Forex and CFD broker Admiral Markets.

Clones are fraudulent entities that abuse the data (names, logos, license number, address, etc) of licensed entities. In reality, the clones have nothing to do with the authorised firms. However, the clones use the resemblance with authorised entities to lure potential victims.

The FCA warns that Admiral Trading is a clone of FCA-authorised firm Admiral Markets.

Admiral Trading is not authorised by the FCA but has been contacting people pretending to be an authorised firm.

Clone firm details

Fraudsters are using the following details to scam people:

Name: Admiral Trading (clone of FCA authorised firm)

Address: 5 Midway Road, Leicester, ENGLAND, LE5 5TP

Telephone: +33159200783, +441133408252

Email: support@admiraltrading.vip,

christopher@admiraltrading.vip

Website: https://admiraltrading.vip, www.admiralsfx.trade

FCA authorised firm details

This is the genuine, authorised firm that the fraudsters are claiming to work for. It has no connection with the clone firm.

The correct details are:

Firm Name: Admiral Markets UK Ltd

Firm Reference Number: 595450

Address: Admiral Markets UK Ltd

2 Leman Street

London, E1 8FA, UNITED KINGDOM

Telephone: +4402077264003

Email: compliance.uk@admiralmarkets.com

Website: www.admiralmarkets.com

If you deal with Admiral Trading, you won’t 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 it’s unlikely you’d get your money back if the firm goes out of business.

The FCA has previously warned against clones of Admiral Markets.