Abstract：The FCA has identified five firms offering unauthorised financial services, warning investors to stay alert for misleading contact information and suspicious websites.
The UKs Financial Conduct Authority (FCA) has issued fresh warnings against five firms operating without proper authorisation. These companies—Imperial Capital, Thriveassetpartner, Coredgex, and two entities using the name Alure Trading—are offering financial services without regulatory approval, posing a significant risk to investors.
Fraud Behind Familiar Facades
According to the FCA, these firms often disguise their operations by using legitimate-sounding names and fake or misleading contact details. The goal is to make themselves appear credible, sometimes even copying the information of authorised firms or real businesses. In several cases, they provide UK addresses or emails associated with trusted locations to build a false sense of legitimacy.
For example, Thriveassetpartner lists a residential-sounding address in New South Wales, Australia, while Alure Trading claims to operate from Lancashire in the UK. These details may seem genuine but are likely fabricated or misused without permission.
How These Scams Work
Scammers behind such firms typically reach out to unsuspecting individuals online—through websites, email, or social media—offering investment opportunities that seem too good to miss. Once contact is made, they may pressure victims to deposit funds quickly, often promising high returns. Because these firms are not authorised or regulated, victims have no recourse if something goes wrong, such as a refusal to return funds or the sudden disappearance of the platform.
The FCA reiterates that being listed on its warning list means a firm is operating in the UK without the required authorisation. Investing through unauthorised firms is highly risky and could lead to total loss of capital.
Stay Protected: Do Your Research
To avoid falling victim to such scams, it‘s essential to verify the legitimacy of any platform before making financial decisions. Always check the FCA’s Register or use trusted verification tools like WikiFX to confirm a brokers regulatory status, complaint history, and user reviews.
Additionally, be cautious if a firm changes contact details frequently or uses domains that closely resemble those of authorised firms. Even small discrepancies—such as a different email suffix—can be a red flag.
Investors are also advised to avoid pressure tactics, offers that promise unrealistic returns, or situations where a firm refuses to provide full documentation. If in doubt, dont invest.
