Admiral Markets Warns Clients to Beware of Fraudulent Website Admiral-‎Crypto

Admiral Markets, a multi-regulated FX and CFDs brokerage firm, today said it believes that a ‎cryptocurrency ‎trading provider has been falsely claiming affiliation with its ‎FCA-‎authorised brand, Admiral Markets UK Ltd.‎

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The clone entity operates under the domain name admiral-crypto.com, which prompted action from the regulated company. Admiral Markets confirmed it has no association whatsoever with ‎the aforementioned website and advised everyone to avoid it entirely.‎

Admiral-crypto is indeed attempting to mislead investors into ‎thinking that it is offering ‎a ‎‎legal product by using the ‎details of an authorised firm operating under a similar name ‎‎‎name.‎ It also claims to be ‎licensed by the FCA, ‎using the regulated firm’s registered ‎address and making reference to its ‎actual website, a typical move for a scam ‎company to gain the ‎trust of unsuspecting clients.

Admiral Markets has recently enhanced its cryptocurrency CFDs offering. The firm has once again expanded its virtual coins list to include Dash, Monero, and Zcash. The ‎‎introduction of new instruments adds to its rapidly expanding suite of ‎cryptos, ‎following strong demand from clients over the past few months.‎

The original company, Admiral Markets (UK) Ltd, is licensed by the UK ‎Financial ‎Conduct Authority (FCA) to offer a set of financial services and ‎also approved to ‎provide cross border services across the EU / EEA under ‎European passport rights.‎

In its statement, Admiral Markets was keen to spell out to ‎investors the risks of dealing with fraudulent providers. It further stated: ‎”As you know, Admiral Markets UK Ltd. is fully regulated by the Financial Conduct ‎Authority (FCA Register No. 595450) and follows all requirements and laws ‎regulating the industry. Any other unauthorised persons, companies or websites ‎using the Admiral Markets brand for fraudulent activities, not only break the ‎applicable laws, but also do not comply with the basic rules of investor protection, ‎information disclosure, claims handling and other regulatory obligations.‎”

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