Fortrade Warns of Clone Website Impersonating Its Brand
Fortrade has issued a warning to consumers about an unauthorized clone website, fortradelimited.com, falsely using its name and claiming affiliation. The Financial Conduct Authority (FCA) confirmed the site is not authorized and unrelated to Fortrade Limited, which operates under FCA authorization with Firm Reference Number 609970. The CEO of Fortrade emphasized that clone firms exploit trust in legitimate brands by mimicking their names and contact methods. Consumers are advised to verify a firm's authenticity using the FCA’s official tools before sharing information or sending money. The warning highlights risks for users dealing with unregulated entities, including lack of access to dispute resolution services like the Financial Ombudsman Service. Fortrade reiterated that its operations remain unaffected and urged clients to report any suspicious activity directly to the FCA. It also reminded traders about the inherent risks in CFD trading regardless of whether they deal with authorized or unauthorized providers.
Topics: clone firms FCA warning financial fraud