The UK’s Financial Conduct Authority (FCA ) issued a warning on Monday about a clone firm that is impersonating Zenfinex Group. According to the advisory, zfxtrade.com allegedly uses the FCA-authorized firm’s legit details to scam people in the UK.

The watchdog is telling people to exercise caution when dealing with this clone firm. “Almost all firms and individuals carrying out financial services activities in the UK have to be authorized or registered by us. This firm is not authorized or registered by us but has been targeting people in the UK, claiming to be an authorized firm,” the FCA noted.

The FCA-authorized website to make deals under the name of the firm is zenfinex.com, the authority says. “Be aware that scammers may give out other false details or mix these with some correct details of the registered firm. They may change contact details over time to new email addresses, telephone numbers or physical addresses,” the British authority pointed out.

The clone firm’s website appears to be online as of press time, claiming to be the company and using the legit details of all the licenses it holds in several jurisdictions.

Moreover, the FCA issued the following warning: “If you use an authorized firm, access to the Financial Ombudsman Service and FSCS protection will depend on the investment you are making and the service the firm is providing.”

Crypto-Trade 365's Clone Firm

Recently, the FCA warned that Crypto-Trade 365 allegedly uses the FCA-authorized firm’s legit details, Rational Foreign Exchange Limited, to scam people in the UK. The watchdog told people to exercise caution when dealing with this clone firm.

The UK’s Financial Conduct Authority (FCA ) issued a warning on Monday about a clone firm that is impersonating Zenfinex Group. According to the advisory, zfxtrade.com allegedly uses the FCA-authorized firm’s legit details to scam people in the UK.

The watchdog is telling people to exercise caution when dealing with this clone firm. “Almost all firms and individuals carrying out financial services activities in the UK have to be authorized or registered by us. This firm is not authorized or registered by us but has been targeting people in the UK, claiming to be an authorized firm,” the FCA noted.

The FCA-authorized website to make deals under the name of the firm is zenfinex.com, the authority says. “Be aware that scammers may give out other false details or mix these with some correct details of the registered firm. They may change contact details over time to new email addresses, telephone numbers or physical addresses,” the British authority pointed out.

The clone firm’s website appears to be online as of press time, claiming to be the company and using the legit details of all the licenses it holds in several jurisdictions.

Moreover, the FCA issued the following warning: “If you use an authorized firm, access to the Financial Ombudsman Service and FSCS protection will depend on the investment you are making and the service the firm is providing.”

Crypto-Trade 365's Clone Firm

Recently, the FCA warned that Crypto-Trade 365 allegedly uses the FCA-authorized firm’s legit details, Rational Foreign Exchange Limited, to scam people in the UK. The watchdog told people to exercise caution when dealing with this clone firm.