Scam Alert: Unlicensed RealFactorFX is Showing Signs of Firm Cloning

Misleading Corporation Statements

Taking a look at the home page, we will notice RealFactorFX tries to identify itself as a legit British forex broker as it includes various misleading corporation statements.

▶ Signs of Firm Cloning

Taking a look at its page, it seems that RealFactorFX has connections with a legit British broker ActivTrades as the two companies are presenting same awards. Moreover, the company is using affiliates domains of ActivTrades. Here you can see from the following photos.

However, we should make clear straight away that RealFactorFX has no relationship with ActivTrades. That is to say, RealFactorFX is attempting to confuse traders and attract them by using same information of legitimate brokers - a popular scam tactic known as firm cloning.

▶ Suspicious Corporate History

RealFactorFX claims it is founded in Switzerland in 2001 and made development during these years. However, its domain check showed it is exclusively created in 22 March 2022.

▶ False Regulations

RealFactorFX claims it is a subsidiary of RealFactorFX PLC, a company authorized and regulated by multiple authorities：

1) The UK Financial Conduct Authority (FCA) under registration number 434413.

2) The Securities Commission of The Bahamas (Bahamas SCB) under registration number 199667.

3) The Commissione Nazionale per le Società e la Borsa (CONSOB).

However, no matching results to RealFactorFX showed in Bahamas SCB or CONSOB. As for the FCA registration number 434413, it belongs to a licensed company named “Activtrades Plc” and RealFactorFX has no connection with the company(we mentioned before).

The FCA Warning

Instead of the above confused information, RealFactorFX has been blacklisted as a fraud by the FCA for providing illegal financial services on 7 April 2022.