Another Clone Firm Comes Up, FCA Warns Against Fake FXC Markets

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Another Clone Firm Comes Up, FCA Warns Against Fake FXC Markets

Postby kreslik.news » Wed Apr 04, 2018 7:39 pm


The ‎Financial Conduct Authority (FCA) today exposed ‎another fraudulent entity, this time bringing to light a ‎clone that has been posing as Forex Capital Markets Limited, the UK arm of leading multi-asset broker FXCM Group.

The FCA alleges that the copycat broker has chosen to operate under the brand ‘FXC Markets’, a name similar enough to Forex Capital Markets that it convinced ‎local traders that it was the authorized online trading firm that had contacted them.‎

The illegitimate broker, conversely, did not assume the address at which the original ‎company’s offices are located. Instead, it opted to claim an address in Majuro, ... (read more)

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