UK regulator The FCA issued a notice that an unregulated firm called UK Forex, at website uk-forex.com, has been acting as a clone of properly FCA-licensed retail FX broker FXOpen (website fxopen.co.uk).

The FCA said that fraudsters are using the details of firms it authorises to try to convince people that they work for a genuine, authorised firm. The fraudsters operate a firm which is not authorised or registered by the FCA, but has been targeting people in the UK, claiming to be an authorised firm. This is what the FCA calls a ‘clone firm’; and fraudsters usually use this tactic when contacting people out of the blue, so you should be especially wary if you have been cold called. They may use the name of the genuine firm, the ‘firm reference number’ (FRN) that the FCA has given the authorised firm, or other details.

Clone firm details

Fraudsters are using or giving out the following details as part of their tactics to scam people in the UK:

UK Forex (clone of authorised firm)

Telephone: +44 203 9546385

Email: support@uk-forex.com; contact@uk-forex.com

Website: https://www.uk-forex.com/

Be aware that scammers may give out other false details or mix these with some correct details of the registered firm. They may change contact details over time to new email addresses, telephone numbers or physical addresses.

FCA authorised firm details

This FCA authorised firm that fraudsters are claiming to work for has no association with the ‘clone firm’. It is authorised to offer, promote or sell services or products in the UK and its correct details are:

Firm Name: FXOpen Ltd

Firm Reference Number: 579202

Address: 80, Coleman St, London, EC2R 5BJ, United Kingdom

Telephone: +44 02035191224

Email: compliance@fxopen.co.uk

Website: www.fxopen.co.uk