The UK Financial Conduct Authority (FCA) has issued a warning against a clone firm abusing the details of Forex and CFD broker Admiral Markets.

Clone firms are entities set up by fraudsters. They copy the details (name, logo, address, etc) of firms authorised by regulators. Thus they try to convince people that their firm is genuine. In reality, clone firms have nothing to do with the authorized businesses.

Clone firm details

Fraudsters are using the following details to scam people:

Name: admrlmrkts.co (Clone of FCA Authorised Firm)

Telephone: +442030972830

Email: support@admrlmrkts.co,

support@admiralmarkets.io,

compliance.uk@admiralmarkets.io

Website: https://admrlmrkts.co/

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 the clone, 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.