FCA Warns On Capital Markets Trading Clone, MarketsCT
- MarketsCT is operating as a clone of FCA registered firm, Capital Markets Trading, targeting European investors with its falsified product suite.
The UK’s Financial Conduct Authority has brought to light the latest scam facing market participants, this time warning about MarketsCT, a Clone Clone A clone refers to a fraudulent attempt by an entity or individual to use the details of an authorized firm in a bid to convince people that they work that firm.This refers to a relatively new tactic that has seen fraudsters using the name, ‘firm registration number’, and address of firms and individuals authorized by regulators to suggest they are genuine. Clones are seemingly primitive techniques, though newly adopted by scammers that have evolved in the information era. As regulators push for A clone refers to a fraudulent attempt by an entity or individual to use the details of an authorized firm in a bid to convince people that they work that firm.This refers to a relatively new tactic that has seen fraudsters using the name, ‘firm registration number’, and address of firms and individuals authorized by regulators to suggest they are genuine. Clones are seemingly primitive techniques, though newly adopted by scammers that have evolved in the information era. As regulators push for Read this Term of an FCA registered firm, Capital Markets, in a recent FCA announcement.
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Capital Markets Trading UK LLP is an FCA registered financial services provider (Ref: 509551), which is based out of London. By extension, MarketsCT has illegally fashioned itself to be a clone of the aforementioned firm, claiming an identical address (175 Piccadilly, London W1J 9EN), despite maintaining no such base or affiliation with the group.
The FCA has warned investors or market participants against engaging with MarketsCT (https://marketct.com). While Capital Markets Trading UK LLP is officially registered and regulated by the FCA, MarketsCT maintains no such background, with its investment services not being under the mantle of any judicial body.
In addition to claiming a fraudulent UK address and regulatory status, MarketsCT is claiming to offer a number of services, including foreign Exchange Exchange An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv Read this Term (FX), contracts-for-difference (CFDs), stocks, and indices. Despite information on its website stating the contrary, MarketsCT retains no ties or business with Capital Markets Trading and should be avoided.
The UK’s Financial Conduct Authority has brought to light the latest scam facing market participants, this time warning about MarketsCT, a Clone Clone A clone refers to a fraudulent attempt by an entity or individual to use the details of an authorized firm in a bid to convince people that they work that firm.This refers to a relatively new tactic that has seen fraudsters using the name, ‘firm registration number’, and address of firms and individuals authorized by regulators to suggest they are genuine. Clones are seemingly primitive techniques, though newly adopted by scammers that have evolved in the information era. As regulators push for A clone refers to a fraudulent attempt by an entity or individual to use the details of an authorized firm in a bid to convince people that they work that firm.This refers to a relatively new tactic that has seen fraudsters using the name, ‘firm registration number’, and address of firms and individuals authorized by regulators to suggest they are genuine. Clones are seemingly primitive techniques, though newly adopted by scammers that have evolved in the information era. As regulators push for Read this Term of an FCA registered firm, Capital Markets, in a recent FCA announcement.
Can you pass the Finance Magnates exam? Give it a go, there are prizes...
Capital Markets Trading UK LLP is an FCA registered financial services provider (Ref: 509551), which is based out of London. By extension, MarketsCT has illegally fashioned itself to be a clone of the aforementioned firm, claiming an identical address (175 Piccadilly, London W1J 9EN), despite maintaining no such base or affiliation with the group.
The FCA has warned investors or market participants against engaging with MarketsCT (https://marketct.com). While Capital Markets Trading UK LLP is officially registered and regulated by the FCA, MarketsCT maintains no such background, with its investment services not being under the mantle of any judicial body.
In addition to claiming a fraudulent UK address and regulatory status, MarketsCT is claiming to offer a number of services, including foreign Exchange Exchange An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv Read this Term (FX), contracts-for-difference (CFDs), stocks, and indices. Despite information on its website stating the contrary, MarketsCT retains no ties or business with Capital Markets Trading and should be avoided.