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Clone GBG Limited
Operating status: SCAM
Website: https://gbglmtd.com/
Broker violations and abnormal records
On October 3, 2023, the Financial Conduct Authority (FCA) issued a warning against Clone GBG Limited, identifying this broker as a clone of an FCA-authorized firm. https://www.fca.org.uk/news/warnings/gbg-limited-gbglmtdcom-clone-fca-authorised-firm
On October 3, 2023, the Financial Conduct Authority (FCA) issued a warning against Clone GBG Limited, identifying this broker as a clone of an FCA-authorized firm. https://www.fca.org.uk/news/warnings/gbg-limited-gbglmtdcom-clone-fca-authorised-firmClone GBG Limited marks itself as a forex broker. But it has been exposed by the Financial Conduct Authority (FCA) as a clone firm of an FCA-authorized firm. On the illegal website, it even provides a phone number which belongs to a licensed firm. To put simply, Clone GBG Limited copies details of a real company to mislead investors.
In essence, Clone GBG Limited is not regulated by any governing body. Entrusting this broker with investors' funds is highly risky, as there are no legal protections in place to safeguard the funds.
Clone GBG Limited is unequivocally a scam.
Clone GBG Limited marks itself as a forex broker. But it has been exposed by the Financial Conduct Authority (FCA) as a clone firm of an FCA-authorized firm. On the illegal website, it even provides a phone number which belongs to a licensed firm. To put simply, Clone GBG Limited copies details of a real company to mislead investors.In essence, Clone GBG Limited is not regulated by any governing body. Entrusting this broker with investors' funds is highly risky, as there are no legal protections in place to safeguard the funds. Clone GBG Limited is unequivocally a scam.BrokersView found that the domain "https://gbglmtd.com/" is currently inaccessible. This is widely regarded as a significant red flag, as the suspension of a broker's website often points to underlying regulatory or operational issues.
BrokersView found that the domain "https://gbglmtd.com/" is currently inaccessible. This is widely regarded as a significant red flag, as the suspension of a broker's website often points to underlying regulatory or operational issues.
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