The UK Financial Conduct Authority (FCA) has issued a warning against ALG Capital (https://alg.capital) acting as a clone of FCA-regulated Monecor (London) Ltd, which is regulated with reference number 124721. Monecor (Europe) Limited d/b/a ETX Capital (www.etxcapital.com) is a Cypress investment firm supervised by CySEC with license number 096/08. The ALG Capital clone uses the FCA registration details of Monecor and works with graphic elements such as the browser favicon. Please do not fall for this scam clone and save yourself a lot of frustration and financial losses.
Key data
| Brand | ALG Capital |
| Clone of | Monecor (London) Ltd d/b/a ETX Capital |
| Jurisdiction | UK, Cyprus |
| Warnings | FCA |
Scam narrative
The ALG Capital clone is implemented miserably and only aims to steal potential customers’ data. After registration, one is urged to upload a copy of ID cards and utility bills to start trading. They want your data in the first place; it allows the scammers to work with, abuse, or sell this data. In many cases, scammers use stolen client data to register on crypto platforms or as customers with payment processors.
Stay far away and protect yourself from the loss and misuse of your data. Save yourself a lot of trouble, frustration, and financial losses.
Share data
If you have any information about the operators and backers of the ALG Capital scam, please let us know via our whistleblower system, Whistle42.
