Clone of a Regulated Firm

The Financial Conduct Authority (FCA) recently caught a clone firm that is imitating a legitimate firm and defrauding individuals of their money. Clone firms use the correct details of legitimate firms. According to the FCA's official website, fraudsters copy the details of firms we authorize to try and convince people that their firm is genuine. Below are the details of the clone firm and the legitimate firm.

Name: Allianz Investments / The Allianz Group / Allianz Assurance Company (Clone of FCA authorised firm)

Telephone: 08000478082

Email: info@allianz-investments.com,

support@allianz-investments.com

Website: www.allianz-investments.com

The correct details are:

Firm Name: Allianz Global Investors GmbH

Firm Reference Number: 419431

Address: 199 Bishopsgate

London, EC2M 3TY, UNITED KINGDOM

Telephone: +4402078599000

The Authority advised people to not invest with this clone firm. FCA has also reminded investors to be vigilant when dealing with forex brokers and to conduct proper due diligence before investing any money. Investors should check the FCA's register of authorized firms to ensure that the broker they are dealing with is legitimate. If you want to stay up to date regarding the forex market. Visit WikiFX website and be an informed trader.