FCA exposed a clone firm

The Financial Conduct Authority (FCA) issued a warning against a firm called NeroFX. The FCA has cautioned the public not to invest in this clone firm. FCA shared the correct details of the firm too.

Name: NeroFX (Clone of FCA authorised firm)

Address: 37th Floor, One Canada Square, Canary Wharf, London, E14 5AB

Telephone: +447537876250

Website: www.fxnero.com

The correct details are:

Firm Name: Nero Partners Consulting Ltd

Firm Reference Number: 773344

Address: 70 Lavender Sweep

London, SW11 1HD, UNITED KINGDOM

Telephone: +447932693234

Email: polly.smith@nerollp.com

The Authority officially said on its website that fraudsters copy the details of firms we authorize to try and convince people that their firm is genuine. Almost all firms and individuals must be authorized by us to carry out or promote financial services in the UK.

The FCA has issued warnings to the public, urging them to be cautious and vigilant when dealing with brokers and to thoroughly research and verify the credentials of any broker before investing.

Review

When we searched for Nero FX on WiKiFX, We found WiKiFX issued a warning against it by claiming,

Warning: Low score, please stay away!

It has been verified that this broker currently has no valid regulation. Please be aware of the risk!

The current information shows that this broker does not have trading software. Please be aware!

About FCA

Financial Conduct Authority (FCA) is a regulatory body in the UK. The FCA's main role is to protect consumers by regulating financial products and services, promoting competition, and ensuring that financial firms are financially stable. The FCA also has the power to investigate and take enforcement action against firms that breach its rules and regulations.

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