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Abstract：FCA has issued alerts on 13 unauthorised or cloned trading websites targeting UK investors. Learn how to recognize and avoid forex and crypto scams with insights from WikiFX.
ContentsThe UKs Financial Conduct Authority (FCA) has once again sounded the alarm on a series of fraudulent investment platforms—many of which are posing as legitimate firms or using AI-themed branding to lure unsuspecting traders. This latest warning includes 13 entities, some of which are clone firms impersonating FCA-authorised institutions, while others are operating without any authorisation.
With scams evolving rapidly, traders must stay alert and verify every platform they interact with. Heres a breakdown of the suspicious firms recently flagged by the FCA, and why these alerts matter.
Among the flagged entities, htbsavings.co Federation stands out as a clone of Hampshire Trust Bank Plc, a legitimate UK-regulated bank. Clone firms are especially dangerous—they copy official details like addresses, logos, or registration numbers to appear credible. Victims are often tricked into believing theyre dealing with a legitimate financial institution.
Below are the other 12 platforms included in the FCAs alert, many of which use AI, crypto, or fintech branding to build false credibility.
| Name | Website |
| Trade App | trade-appai.net |
| Wealth Phantom | wealth-phantom.net |
| Quantum Income | quantum-income.net |
| TradeGPT | tradegpt-ai.net |
| Lunovex Trader 4.1 | lunovextrader41.net |
| WealthForge | wealthforge.ltd |
| Trading Pro Lexipro | tradingprolexipro.net (multiple domains) |
| Accu Trader Plus | accutraderplusapp.net |
| Trader Chenix | traderchenix.net |
| Power Trades | power-trades-ai.net, powertradesapp.net |
| CryptohopperApp | cryptohopperapp.net |
| GETBTCINCOME | getbtcincome.com |
Some of these platforms are promoted via mobile apps or social media, adding layers of deception and increasing visibility among retail traders—especially those new to the forex or crypto space.
Engaging with unauthorised firms leaves traders completely exposed. If something goes wrong:
Clone brokers further complicate the issue by mixing real and fake data, making it harder for even seasoned traders to detect fraud.
For regular scam updates, visit Forex Scam Alerts on WikiFX.
Many of the unauthorised sites flagged in this update reference AI-powered trading tools or automated strategies—names like TradeGPT, Power Trades, or CryptohopperApp are clearly trying to ride the AI hype wave. Unfortunately, this trend often hides complex fraud operations.
The promise of effortless returns from AI trading bots is compelling—but in unregulated hands, these are nothing more than marketing traps.
The FCA‘s recent warnings underline a critical point: regulatory verification is not optional—it’s essential. With clone firms and unauthorised platforms growing increasingly sophisticated, even seasoned traders must remain vigilant.
At WikiFX, we continue to monitor and report on high-risk brokers and suspicious trading platforms, empowering traders to make informed decisions and stay safe.
Q: What is a clone broker?
A: A clone broker is a fraudulent platform that impersonates a legitimate, FCA-authorised firm to trick users.
Q: How can I check if a broker is authorised?
A: You can use WikiFXs broker search tool to verify licensing, regulatory status, and user reviews.
Q: What should I do if I sent money to a suspicious firm?
A: Report it immediately to your bank and contact the relevant authorities. You may also be eligible for support under the UKs Payment Systems Regulator protections.
Disclaimer:
The views in this article only represent the author's personal views, and do not constitute investment advice on this platform. This platform does not guarantee the accuracy, completeness and timeliness of the information in the article, and will not be liable for any loss caused by the use of or reliance on the information in the article.
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