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FCA clone-firm warning

Eightcap VIP / eightcap.vip: what the FCA warning says

Fraudsters are using the details of an FCA-authorised firm (Eightcap Group Ltd) to target people in the UK.

Source: fca.org.uk · published 2 January 2024
WarningEightcap VIP / eightcap.vip (clone of FCA authorised firm)
TypeClone of an FCA-authorised firm
Names usedEightcap VIP / eightcap.vip (clone of FCA authorised firm) · id="section-clone-firm-details" tabindex="-1" class="copy-block default"> · They may mix these details with the genuine details of authorised firms.
Websites named by the FCAeightcap.vip
Genuine firm being impersonatedEightcap Group Ltd — FRN 921296 — www.eightcap.com/en-uk/traders
Broker in our databaseEightcap: register-checked regulation page
Matched on the genuine firm's FRN 921296
FCA pagefca.org.uk/news/warnings/eightcap-vip-eightcapvip-clone-fca-authorised-firm
What it means

A clone warning protects the genuine firm

The FCA says fraudsters are using the details of Eightcap's genuine authorised entity to convince people they work for it. Anyone who was cold-called, messaged or emailed by “Eightcap VIP / eightcap.vip” should treat the contact as the clone, not the broker. The genuine firm can only be reached through the contact details on its FCA register entry, and it will never ask you to pay into a personal account or a different company name.

  1. 1. Open the FCA register yourself and search the firm name and FRN 921296; compare the contact details there with the ones you were given.
  2. 2. Read the Eightcap regulation page to see which legal entity would onboard you and what it protects.
  3. 3. If you have paid money, contact your bank first, then report to the FCA from the warning page.

Common questions

Is Eightcap VIP / eightcap.vip regulated by the FCA?

No. "Eightcap VIP / eightcap.vip" is a clone: the FCA's warning of 2 January 2024 says fraudsters are using the details of the genuine authorised firm Eightcap Group Ltd (FRN 921296). Only that genuine firm, reached through the contact details on the FCA register, is authorised.

Is Eightcap itself the problem?

No. A clone warning is about impersonators. Eightcap is the genuine firm whose identity is being misused. The risk is to anyone who deals with the clone believing it to be Eightcap.

What should I do if I have already sent money?

Contact your bank or card provider immediately and ask about recalling the payment or a chargeback, report the firm to the FCA using the link on the warning page, and keep every message and receipt. Be wary of anyone who then contacts you offering to recover the money for a fee.

Risk warning. CFDs and leveraged products are complex and high-risk. You can lose more than you deposit. Between 62% and 78% of retail CFD accounts lose money. Only trade with money you can afford to lose.

Warning text © Financial Conduct Authority, reused under the Open Government Licence v3.0. Informational only, not financial advice. Warnings are updated by the FCA; always read the current FCA page before acting.