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The UK Monetary Conduct Authority (FCA) has issued a
warning in opposition to ‘AXI Corp Restricted’, a clone agency of the registered foreign exchange and
CFD dealer Axi and its sister firm, One Monetary Markets. The monetary markets
regulator flagged the clone on Thursday in a warning printed on its
web site.
In keeping with the FCA, whereas the clone agency is positioned in Leadenhall Avenue,
London, the 2 licensed corporations are based mostly at 1 Finsbury Market, London.
Nevertheless, the regulator didn’t disclose the web site of the clone agency, solely offered its deal with,
phone and e mail addresses.
Australian dealer, AxiCorp, acquired One Monetary Markets in August 2018, and the retail dealer is now the buying and selling title of Axi Monetary Companies (UK) Restricted.
Then again, Axi is run by AxiCorp Restricted.
“Nearly all corporations and people finishing up monetary providers
actions within the UK must be authorised or registered by us. This agency is
not licensed or registered by us however has been concentrating on folks within the UK,
claiming to be a certified agency,” the FCA mentioned within the assertion.
Watch the latest FMLS22 session on traits that may outline the foreign exchange and crypto trade in 2023.
In 2022, the FCA flagged down various clone web sites and corporations
impersonating registered brokers below its supervision. In July, the monetary
markets supervisor raised the alarm on a clone web site impersonating Zenfinix, a London-based FX
and CFD dealer. The regulator famous that the clone agency was aiming to rip-off UK buyers.
Three months earlier, the monetary markets watchdog revealed that Crypto-Commerce
was a clone of the licensed agency Rational International Trade Restricted. It famous that
the unauthorized entity ran the web site www.crypto-trade365.com when the authorized agency
operated as rationalfx.com.
Between January and March 2022, the FCA flagged down three different clone
entities. In keeping with the regulator, AZOpitons, which claims that it provides
crypto-related providers to each retail and institutional buyers, is a clone of Octopus Investments Restricted. Moreover, the supervisor flagged clones of XTB and IC Markets in March and January
2022, respectively.
The UK Monetary Conduct Authority (FCA) has issued a
warning in opposition to ‘AXI Corp Restricted’, a clone agency of the registered foreign exchange and
CFD dealer Axi and its sister firm, One Monetary Markets. The monetary markets
regulator flagged the clone on Thursday in a warning printed on its
web site.
In keeping with the FCA, whereas the clone agency is positioned in Leadenhall Avenue,
London, the 2 licensed corporations are based mostly at 1 Finsbury Market, London.
Nevertheless, the regulator didn’t disclose the web site of the clone agency, solely offered its deal with,
phone and e mail addresses.
Australian dealer, AxiCorp, acquired One Monetary Markets in August 2018, and the retail dealer is now the buying and selling title of Axi Monetary Companies (UK) Restricted.
Then again, Axi is run by AxiCorp Restricted.
“Nearly all corporations and people finishing up monetary providers
actions within the UK must be authorised or registered by us. This agency is
not licensed or registered by us however has been concentrating on folks within the UK,
claiming to be a certified agency,” the FCA mentioned within the assertion.
Watch the latest FMLS22 session on traits that may outline the foreign exchange and crypto trade in 2023.
In 2022, the FCA flagged down various clone web sites and corporations
impersonating registered brokers below its supervision. In July, the monetary
markets supervisor raised the alarm on a clone web site impersonating Zenfinix, a London-based FX
and CFD dealer. The regulator famous that the clone agency was aiming to rip-off UK buyers.
Three months earlier, the monetary markets watchdog revealed that Crypto-Commerce
was a clone of the licensed agency Rational International Trade Restricted. It famous that
the unauthorized entity ran the web site www.crypto-trade365.com when the authorized agency
operated as rationalfx.com.
Between January and March 2022, the FCA flagged down three different clone
entities. In keeping with the regulator, AZOpitons, which claims that it provides
crypto-related providers to each retail and institutional buyers, is a clone of Octopus Investments Restricted. Moreover, the supervisor flagged clones of XTB and IC Markets in March and January
2022, respectively.
