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FCA Flags 10 Unauthorised Firms and Clone Entities in Latest Scam Alert
Abstract：The FCA has recently flagged multiple entities for offering financial services without authorisation, warning the public to remain vigilant against clone firms and unlicensed platforms that may mislead UK consumers.
In its latest consumer protection update, the UK Financial Conduct Authority (FCA) has issued warnings against ten unauthorised or clone firms that may be targeting investors in the UK. These entities are neither registered nor authorised to offer financial services under the FCA framework, raising concerns over potential scams and misleading conduct.
List of Flagged Entities:
1.Dynavex Trader
Website: www.dynavextrader.com
No registered address or contact details were confirmed.
2.Sunnextrade
No verifiable contact information was provided. The firm may use misleading or falsified business details.
3.Protradecopier
Addresses:
- 1100 15th Street, NW 4th Floor, Washington DC, USA
- 2108-150 King Street West, Toronto, Canada
- 225 Central Park West, New York, USA
Contacts: +447888880119, +16062297623
Email: support@protradecopier.com
Website: www.protradecopier.net
4.Myfirstara
Email: support@myfirstara.com
Website: www.myfirstara.com
5.Hivepro Trade
Addresses:
- St Vincent
- Johannesburg, South Africa
- Victoria, Seychelles
Email: support@hiveprotrade.live
Website: https://hiveprotrade.live
6.CavonixTrader 3.9 Nova
Website: www.cavonixtrader-3-9-nova.cyou
7.Citizens Financial Express Bank
No confirmed address or contact details provided.
8.BRINKMAN GRAY BUSINESS ASSOCIATES
Address: 45 Broadway, New York, NY, USA
Fax: +16465584109
Emails: info@brinkmangray.com, admin@brinkmangray.com
Website: www.brinkmangray.com
9.Finance Claims Expert (Clone firm)
Email: noreply@financeclaimsexpert.co.uk
Website: https://www.financeclaimsexpert.co.uk
10.westhillfund.com (Clone firm)
Email: support@westhillfund.com
Website: https://westhillfund.com
Clone firms in particular pose heightened risks as they impersonate authorised entities, often copying company names, websites, or contact details to deceive investors into thinking they are dealing with a legitimate provider.
A Broader Pattern
The FCA regularly updates its warning list to protect consumers from unregulated or fraudulent actors. Such firms may provide misleading contact details or change information over time to evade scrutiny. Clone entities may even present falsified documentation or link to real registration numbers to appear authentic.
Caution Advised
When dealing with financial service providers, especially those offering online investment opportunities, verifying authorisation status remains crucial. Platforms like WikiFX allow users to quickly check whether a broker holds proper regulatory licenses and avoid potential scams.
Disclaimer:
The views in this article only represent the author's personal views, and do not constitute investment advice on this platform. This platform does not guarantee the accuracy, completeness and timeliness of the information in the article, and will not be liable for any loss caused by the use of or reliance on the information in the article.
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