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Screenshot of a breaking news alert e-mail from Q2 2017
The UK Financial Conduct Authority (FCA) has put out details of the cloned firm Algo Capitals.
Canada’s leading securities regulator, the Ontario Securities Commission (OSC), has already issued a warning against UK-based Algo Capitals Limited, operating as AlgoCapitals.
Fraudsters are using the details of firms, authorised by the FCA, to try to convince people that they work for a genuine, authorised firm.
Fraudsters are using or giving out the following details as part of their tactics to scam people in the UK:
Algo Capitals (clone of FCA authorised firm)
Be aware that the scammers may give out other false details or mix these with some correct details of the registered firm.
To see the official FCA warning, click here.