List of Clone Firms issued by FCA

One of the best financial regulators in the world, Financial Conduct Authority (FCA) issued a list of Clone firms broker. The list includes these unlicensed brokers: Spw Fixed Income/Spw Savings, Pipinvestors, Bamboo Loans/ BAMBOO LOANS FINANCE UK LTD, Dot Dot Loans, Scottish Widows.

Clone Firms/ Brokers

Clone firms/brokers are a major problem in the Forex market, as they not only defraud traders but also damage the reputation of legitimate brokers. Clone Brokers use reputable brokers' names, logos, and websites to lure traders into depositing funds with them. Once the funds are deposited, these clone brokers disappear, leaving traders with no way to recover their money.

Traders need to do their due diligence and thoroughly research any broker they plan to work with. This includes checking the broker's regulatory status, reading reviews from other traders, and verifying the broker's contact information. Now you have understand about Clone Brokers. Here is the list of Clone firms issued by FCA. You can see the Authorised firm details too. Checkout this list below and be cautious.

Name: Spw Fixed Income/Spw Savings (Clone of FCA authorised firm)

Telephone: 02081574955

Email: name@spwfixedincome.com,

name@spwsavings.com

Name: Pipinvestors (Clone of FCA Authorised Firm)

Address: UNITED KINGDOM

Telephone: 447424484224

Email: admin@pipinvestors.com

Website: Pipinvestors.com

Name: Bamboo Loans/ BAMBOO LOANS FINANCE UK LTD (Clone of a trading name of Bamboo Limited, a FCA authorised firm)

Address: 27 - 28 east castle street, London, W1 W 8DH

Telephone: +442032894288, +442032902286, +442081446056

Email: loandirectnewuk78@outlook.com,

directloanmanagerukltd@yahoo.com,

superquickservicenow@gmail.com,

quickresponsecustomerservice@gmail.com,

fastcredittoday@gmail.com

Name: Dot Dot Loans (Clone of FCA authorised firm)

Telephone: +442081235632, 02032392496, 02078669950

Mobile: 07776338187

Email: loancustomersevice.co.uk@gmail.com

Name: Archax-EU (clone of FCA authorised firm)

Telephone: +447537184010

Email: support@archax-eu.com

Website: https://archax-eu.com

Name: Scottish Widows (Clone of FCA authorised firm)

Address: London

Telephone: 0208 064 0442, 01315070050, 01315070090, 01315070672, 01315070701

Email: info@scottishwidows-funds.com,

newenquiry@sw-application.com

FCA warned investors not to invest with these brokers. However, they must be careful if they do, as these brokers lack broker licenses. Therefore, the risk may exist. They offer financial and investment services to clients without a license in the UK. A firm or broker must have FCA authorization to sell, offer, or promote any financial services in the UK. These brokers, however, do not adhere to this rule.

About FCA

The Financial Conduct Authority (FCA) is a regulatory body in the UK that oversees financial markets and firms to ensure they operate in a fair and transparent manner. The FCA's role includes supervising financial institutions, enforcing regulations, and protecting consumers from financial harm. The authority also works to promote competition in the financial industry and to maintain the integrity of the UK's financial system.

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