UK FCA Issues Warning on Clone of XTB

The British financial market supervisor, the Financial Conduct Authority (FCA), has flagged XTB Coin Trading, which looks like to be a clone of the popular retail brokerage brand, for offering services in the United Kingdom without the necessary authorization.

“Be aware that scammers may give out other false details or mix these with some correct details of the registered firm. They may change contact details over time to new email addresses, telephone numbers or physical addresses,”the British watchdog cautioned.

According to the FCA, fraudsters are using or giving out the following details as part of their tactics to scam people in the UK:

Email: info@xtbcointrading.com

Website: https://xtbcointrading.com/

Moreover, the authority commented: “If you use an authorized firm, access to the Financial Ombudsman Service and FSCS protection will depend on the investment you are making and the service the firm is providing. If you would like further information about protection, the authorized firm should be able to help.”