Warning Issued by the Financial Conduct Authority against Mlcapuk.com

A new warning has been issued by the Financial Conduct Authority against a firm illegally offering financial services in the United Kingdom. The officials have revealed that the name of the firm is Mlcapuk.com and it is too risky for the investors in the United Kingdom to interact with it.

The regulatory authority has communicated to the entire investment community that Mlcapuk.com is offering unregistered services in the United Kingdom.

In addition to being unregistered, Mlcapuk.com is also misleading the investors in the United Kingdom into thinking it is registered. The matter does not end there because Mlcapuk.com is also misusing the details of a UK-registered financial service providing firm to lure the locals.

Warning against Mlcapuk.com

The FCA has asked the investors to remain very attentive and stay alert of the services and financial securities offered by Mlcapuk.com. The firm is unauthorized to offer any financial services in the country and the same is the case with the products it is offering.

The firm is unregulated and any attempt it makes is expected to be fraudulent unless it becomes a registered entity in the country.

The firm has even resorted to forming a fake image hiding behind the name and business details of an authentic and authorized firm, registered to operate in the United Kingdom. The particular firm is authorized by the Financial Conduct Authority to operate in the United Kingdom.

The FCA has also warned the investors that the firm may try to steal their personal and financial information, along with stealing their funds. While issuing the warning, the FCA has stated that if the investors are not careful, they may end up losing their funds to the unregistered entity.

If the funds are lost to the firm, then the Financial Services Compensation Scheme may fail to cover the losses as the fraudulent entity is unregistered in the United Kingdom.

Moreover, the investors will have no coverage from the Financial Ombudsman Service as well due to the unregulated nature of the firm.

Mlcapuk.com is Unregistered and it is a Clone Firm

The first concerning fact about Mlcapuk.com is that it is a non-registered entity in the United Kingdom. This means that Mlcapuk.com is unauthorized to offer its services to the locals of the United Kingdom.

Like the rest of the financial service providers legally providing their services in the United Kingdom, Mlcapuk.com is also expected to register itself. However, Mlcapuk.com has not registered itself nor it has acquired any authorization from the FCA to operate in the United Kingdom.

As the firm is not registered, it is not allowed to offer financial products and services to the locals. If the investors interact with the platform, they are at the risk of losing their funds and investments.

Mlcapuk.com is reportedly using the information of a regulated (authorized) firm by the FCA to attract UK-based investors as well as locals. The name of the authorized firm is M&L Capital Management Limited. The website/email for the platform are www.mlcapman.com and [email protected].

In addition to the above, the firm reference number used by the clone firm, which belongs to M&L Capital Management Limited is 672181. The address provided on the regulated firm’s website is 12A Princess Gate Mews, London, SW7 2PS, UK, and the landline number is +442072281709.

Upon investigating, the FCA has confirmed that M&L Capital Management Limited has no relation with the fraudulent platform at all. Therefore, the FCA has strong reasons to believe it is a scamming platform.

Some Information about Mlcapuk.com

Mlcapuk.com has been claiming that it offers investment opportunities in multiple trading instruments. The firm has also posted on the website that its offers many trading strategies for the benefit of the users and investors.

The website for Mlcapuk.com is www. mlcapuk.com, the email address it offers is [email protected]. The phone numbers the firm has offered on the website are 02081760042 and 0208170168 respectively.