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)
Address: Portland House, Bressenden Place, London, SW1E 5RS
Email: [email protected], [email protected]
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.