Watch out!!!!Three Clone Firms exposed by FCA

Financial Conduct Authority (FCA) exposed three clone firms recently and issued a warning against them. Clone firms are basically unauthorized firms that mimic legitimate entities in order to deceive and defraud unsuspecting individuals. These fraudulent organizations often use similar names, logos, and websites to create the illusion of legitimacy.

We are providing you screenshots of those clone firms and the correct details of the authorised firms too. To make you alert and avoid such scams.

Name: Wealth Profit / Wealth Future / Profit Station (Clone of FCA Authorised Firm)

Telephone: 442081577566

Email: support@wealthexperts.org,

support@wealthexperts.uk,

support@wealtfuture.org,

support@profitstation.org,

sophiejones@profitstation.org,

grace.wilson@wealthprofit.pro,

support@wealthprofit.pro,

support@wealthexperts.uk.com

Website: https://wealthexperts.org/, https://wealthexperts.co/, https://wealthexperts.uk/, https://wealthfuture.org, https://profitstation.org, https://wealthprofit.pro/, https://profitstation.pro/, https://wealthexperts.uk.com/

The correct details are:

Firm Name: Wealth Experts Ltd

Firm Reference Number: 457930

Address: Highpoint

Hillside

Festival Way

Stoke-on-Trent, ST1 5SH, UNITED KINGDOM

Telephone: +441782279615

Email: richard.johnston@wealth-experts.co.uk

Website: www.wealth-experts.co.uk

Name: wattsautoleasing.com / wattsauto.com (Clone of FCA Authorised Firm)

Telephone: 07401941135, 01905570309

Email: johnathan@wattsautoleasing.com,

support@wattsautoleasing.com,

admin@wattsautoleasing.com,

admin@wattsautomotive.com

Website: https://wattsautoleasing.com/, https://www.wattsautos.com/

Social Media Details: Instagram: wattsautoleasingltd

The correct details are:

Firm Name: Watts Automotive Ltd

Firm Reference Number: 814986

Address: Carlson Suite, Vantage Point Business Village

Mitcheldean

Gloucestershire, GL17 0DD, UNITED KINGDOM

Telephone: +447814355632

Name: Jupiter Limited / Jupiterlimited.co.uk (Clone of FCA authorised firm)

Website: Jupiterlimited.co.uk

The correct details are:

Firm Name: Jupiter Asset Management Limited

Firm Reference Number: 141274

Address: Zig Zag Building

70 Victoria Street

London, SW1E 6SQ, UNITED KINGDOM

Telephone: +442038171000

Email: cco@jupiteram.com

Website: www.jupiteram.com

FCA stated that Scammers may give out other false details, including email addresses, telephone numbers, postal addresses and Firm Reference Numbers. FCA added, They may mix these details with the genuine details of authorised firms.

The FCA has also reminded investors to be vigilant when dealing with forex brokers and to conduct proper due diligence before investing any money. Investors should check the FCA's register of authorized firms to ensure that the broker they are dealing with is legitimate.

To know about the security and reliability of your chosen brokers, you can use Wikifx app. To expand your knowledge and stay informed about the forex market. Download the Wikifx app on your phones. Here is the Link to the download: https://www.wikifx.com/en/download.html