Friday, December 27, 2024

FCA warns against TopNotchTradeFX and ExplicittradeFX scams cloning regulated entity

Spread financial intelligence

In July 2019, Finance Magnates has reported that the UK Financial Conduct Authority (FCA) issued a warning against a clone firm of FCA-regulated Tradeslide Trading Tech Limited. Back then, the clone firm operated the three brands, StockotradeFX, UltimateCryptoFX, TradeVibeFX. On Dec 1, 2020, the UK watchdog issued new warnings against the scam brands TopNotchTradeFX (www.topnotchtradefx.com) and ExplicittradeFX (www.explicittradefx.com) claiming that it would also be operated by the FCA-regulated entity.

Tradeslide Trading Tech Limited is regulated by FCA with the reference no 586466. On the entity’s FCA profile page, all of the clones are listed with TopNotchTradeFX and ExplicittradeFX added yesterday.