FCA Ayondo clone warning


12 January, AtoZForex.com, Lagos – As is the usual practice of the Financial Conduct Authority (FCA), the UK watchdog has commenced the year with a stern warning against a clone firm. It has become a regular scheme for fraudsters to clone reputable firms, in a bid to scam unsuspecting individuals. Clones as a copycats, such that they try to replicate the image of a legitimate company, to deceptively utilize the goodwill of the genuine firm in carrying out its own bid and possibly defraud unsuspecting clients.

The latest discovered clone is Ayondo Markets Ltd. (Clone of a FCA authorised firm), using the exact name of a genuine FCA authorized entity. The details of the clone and genuine firm can be found below:

Clone firm details

Ayondo Markets Ltd. (Clone of a FCA authorized firm)

Address: Floor 1 Carey Lane, London EC2V 8AE, Royaume-Uni

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Tel: +33 (1) 84 88 33 8

Email: [email protected], [email protected]

Website: www.ayondo-marketsltd.com

Genuine entity details

Firm name: Ayondo Markets Limited

Firm reference number: 184333

Address: Floor 4 Audrey House, 16-20 Ely Place, London EC1N 6SN

Website: www.ayondo.com 

Ayondo markets is a spread betting and CFDs trading firm, also offering social trading capabilities. The actual firm is licensed by the FCA, however, individuals have to be very careful to ensure they are dealing with the right firm.

Atom8 clone

Apart from the Ayondo clone warning, these activities have become a headache as the FCA regularly identifies such firms operating in the region. A few weeks back, the regulator identified an Atom8 clone. The FCA Atom8 clone warning, remarks the Financial Conduct Authority (FCA) clamp down on the trend of a 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.

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