UK financial regulator Financial Conduct Authority (FCA) has issued its latest warning against an unregulated financial services provider targeting UK consumers, which has set itself up as a clone site of popular online CFD broker Plus500 Ltd (LON:PLUS).
The FCA’s latest warning is against the company Plus 500 Pro, operating from website plus500pro.com.
The real Plus500, of course, has nothing to do with the clone site. We understand that Plus500 compliance people have been in touch with the FCA and are cooperating with the regulator to help bring down the clone site, and identify those who have created it. Plus500 has grown to be one of the world’s largest online brokers, recently reporting Q1-2018 Revenues of $297 million.
Plus 500 Pro is not authorised by the FCA but has been targeting people in the UK and is also carrying on regulated activities which require authorisation:
Plus 500 Pro
Email: [email protected]
To see the official FCA warning, click here.