Keep your hard-earned money safe from clone firms

On 20 June 2023, the Financial Conduct Authority (FCA) issued a warning to investors regarding two clone firms. FCA claimed they are an unauthorized firm. The FCA cautioned that these firms are not authorized to provide financial services or conduct investment business in the United Kingdom. We are providing you screenshots of the clone firms from the official website of FCA. Also, you can see the Authorized Firms details.

Name: rbinternational-refund.eu (Clone of FCA Authorised Firm)

Email: mara.ere@rbinternational-refund.eu,

frantisek.sulek@rbinternational-refund.eu,

customer@rbinternational-refund.com,

marek.chledicki@rbinternational-refund.eu

The correct details are:

Firm Name: Raiffeisen Bank International AG

Firm Reference Number: 972876

Address: Tower 42

International Financial Centre

Leaf 9C

25 Old Broad Street

London, EC2N 1HQ, UNITED KINGDOM

Telephone: +442079338031

Website: www.rbinternational.com

Name: Expotoro / Tratoro (Clone of FCA Authorised Firm)

Telephone: +442030973333

Email: info@tratoro.com

Website: https://expotoro.com/

The correct details are:

Firm Name: eToro (UK) Ltd

Firm Reference Number: 583263

Address: 24th Floor

One Canada Square

Canary Wharf

London, E14 5AB, UNITED KINGDOM

Telephone: 4402045251189

Email: complianceuk@etoro.com

Website: www.etoro.com

It is important for consumers to be vigilant when dealing with financial firms, and to take the time to research any company before investing their money. The FCA's warning about clone firms is a reminder that there are people out there who are willing to take advantage of others for their own gain. By being cautious and doing their homework, consumers can protect themselves from these scams and avoid becoming victims.

What are Clone Firms？

Clone firms in the forex world are fraudulent companies that pretend to be legitimate and authorized firms. These firms often use the name, registration number, and other details of a legitimate firm to deceive investors into thinking they are dealing with a reputable company. The purpose of clone firms is to scam investors by offering fake investment opportunities or stealing their personal and financial information. It is important for investors to do their due diligence and research the legitimacy of a firm before investing any money.

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