22 December, AtoZForex.com, Lagos – The FCA Atom8 clone warning, remarks the Financial Conduct Authority (FCA) clamp down on the trend of fraudster using the identity of a genuine firm, in an attempt to defraud unsuspecting individuals. As in the recent clone case of IIB International Broker Limited, where the FCA discovered a firm which has been utilizing the details of IBB, the UK financial watchdog has now discovered a new set of similar cases. In this case, two separate clones of the genuine firm Atom8 Financial Services LLP have been discovered.
In this case of the Atom8 clone warning, the UK authorities discovered that fraudsters were utilizing the following fake details as part of their tactics to scam people in the UK:
Atom8 Clones
The Atom8 clone are also using the following two misleading websites to represent falsely Atom8 claims:
| Atom8 clone firm's websites | |
| Website: | www.fxatom8.com |
| Website: | www.atom8asia.com |
Atom8 Financial Services LLP (Genuine firm)
However, the genuine firm with a valid FCA authorized firm details is Atom8. The regulator has clearly stated that “this FCA authorized firm that fraudsters are claiming to work for has no association with the ‘clone firm’. It is authorized to offer, promote or sell services or product in the UK and its correct details are:
| Firm name: | Atom8 Financial Services LLP |
| Firm reference no.: | 590299 |
| Address: | 2nd Floor, Centenary House, Palliser Road, London, W14 9EQ |
| Tel: | 0044 (0)20 7043 5050, 0044 (0)20 3405 3910 |
| Email: | info@atom8.com |
| Website: | www.atom8.com |
Atom8 is a professional London based ECN FX and spread-betting broker with superior technology for individual and institutional clients. The firm offers its services to both retail and institutional clients.
Be cautious and check FCA registry
Nevertheless, the Atom8 clone warning shows again that investors as well as Forex brokers need to be cautious in the market. Fraudsters continue to adopt new methods regularly, hence, on one hand, traders are advised to always check the FCA registry in full detail, before committing funds with a certain broker. On the other hand, Forex brokers need to keep an eye open to spot any clone firm that is misusing their brand name.
Also, individuals are advised to get in touch with the FCA in case they suspect any fraudulent activities of any firm.
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