Abstract：The FCA has flagged multiple clone and unauthorized forex firms, urging investors to stay alert. Learn which companies were named and how to avoid falling victim.
In its latest update, the UK‘s Financial Conduct Authority (FCA) has issued a stern warning to investors about the growing threat of clone brokers and unauthorized financial firms operating within the UK’s forex and crypto markets. A total of 12 firms were named in the notice, including both newly flagged entities and clone websites impersonating FCA-authorised institutions.
What Are Clone Firms and Why Are They Dangerous?
Clone firms are fraudulent entities that illegally use the name, address, or registration number of legitimate, FCA-authorised businesses to deceive investors. These scammers often mix genuine and fake contact details to make their operation appear trustworthy. Investors lured into their trap may find themselves without legal protection or recourse if the scheme collapses.
Once you engage with such firms, you wont have access to the Financial Ombudsman Service or the Financial Services Compensation Scheme (FSCS)—meaning your money may never be recovered if things go wrong.
Firms Recently Flagged by the FCA
Below is a selection of the firms highlighted in the latest FCA warning:
- Orion Digital Marketing Ltd / Orion Digital Assets
Website: oriondigitalassets.io
Social: @orionassets on X, @Orion-Digital-Assets on Facebook
- GSS Assets Ltd / Global Solutions Strategies
Website: globalsolutionstrategies.ai
Social: @globalsolu_tion on X
- Clone of Swiss Re Capital Markets Limited
Fraudulent site: swisscapitalmarkets.net
Clone Website: igwm.info
Website: bitstack-ventures.ltd
Website: liquiditypool.info
Website: g7-brics.site
Website: nivifinserv.com
Social: X：https://x.com/Nivi_Finserv, LinkedIn:https://www.linkedin.com/company/nivi-finserv/
Website: goldenprime.live
Website: tradesigs.live
Website: anteracapital365.com
Website: coinperday.com
Why This Matters to Investors
The rise of unauthorised forex firms and crypto platforms presents serious risk to retail investors in the UK and beyond. These operators promise high returns and professional trading services, but often vanish with clients funds. The FCA regularly publishes such warnings to protect the public from financial harm.
According to the regulator:
“This firm may be providing or promoting financial services or products without our permission. You should avoid dealing with this firm and beware of scams.”
How to Protect Yourself from Forex and Crypto Scams
- Always verify brokers using trusted sources like WikiFX.
- Avoid platforms that only provide email or social media as contact options.
- If youre cold-called or contacted out of the blue, be cautious—this is a common tactic of fraudulent firms.
- Do not rely solely on a firms website design or testimonials. Always cross-check authorisation status and contact details.
Conclusion
The FCAs continued crackdown on unauthorised forex brokers and clone websites shows just how critical vigilance has become. At WikiFX, we encourage all users to check broker information thoroughly and report suspicious platforms. As scams evolve, staying informed is your first line of defense against evolving threats.
