Warning: Clone Firm Alert – Market Makers
The Financial Conduct Authority (FCA) is issuing a warning to the public about a clone firm impersonating the legitimate entity previously authorized by the FCA.
This clone firm, operating under the name Market Makers, is not authorised by the FCA and has been contacting people under false pretenses.
Clone Firm Details
The fraudsters using the name Market Makers and associated websites are attempting to scam individuals by mimicking the details of an FCA-authorised firm. Here are the details being used by the clone:
- Name: Market Makers / market-mkrs.com / marketmakers.cc (Clone of Previously FCA Authorised Appointed Representative)
- Website: https://market-mkrs.com/, https://marketmakers.cc/
- Phone: +447393074293, +447418315921, +48726530607, +35924372416
- Email: support@marketmakers.cc, jankorsunski@marketmakers.cc
Impact on Consumers
If you engage with this clone firm, you will not be covered by the Financial Ombudsman Service for any complaints nor will you be protected by the Financial Services Compensation Scheme (FSCS).
This means there is significant risk of losing your money without any possibility of recuperation if the firm fails.
How to Protect Yourself
Always verify the authenticity of any firm offering financial services:
- Only deal with financial firms that are authorised by the FCA.
- Use the Financial Services Register at FCA Register to check if a firm is authorised.
- Ensure you use contact details on the FS Register when replying to offers of financial services.
Report Suspicious Activity
If you suspect that you have been approached by an unauthorized or clone firm, please contact the FCA immediately on 0800 111 6768 or use the FCA contact form.
Reminder
Stay vigilant against financial scams and always verify the legitimacy of firms before conducting any business to ensure your financial safety.
For more details, visit the official warning page on the FCA’s website
