FCA Warns of Clone Broker Algo Capitals for Posing as Regulated Firm

[kreslik.news]

The UK’s Financial Conduct Authority (FCA) issued a statement today revealing that another fraudulent entity has been added to its warning list. This latest warning concerns Algo Capitals, a clone of an established FCA-registered firm known as Algo Capital Management Ltd, andfollows a recent clone warning regarding another unregistered firm reported by Finance Magnates in November.

Algo Capital Management vs Algo Capitals

Algo Capital Management is an FCA-registered financial services provider based at 24 Old Bond Street, London, UK. The firm, which operates online via the website www.algocapital.com, is an investment management company catering to institutional investors worldwide who have an interest ... (read more)