Melisfx/FXSM Group (clones of FCA authorised firm): what the FCA warning says
Fraudsters are using the details of an FCA-authorised firm (Pepperstone Limited) to target people in the UK.
| Warning | Melisfx/FXSM Group (clones of FCA authorised firm) (clone of FCA authorised firm) |
| Type | Clone of an FCA-authorised firm |
| Names used | Melisfx/FXSM Group (clones of FCA authorised firm) (clone of FCA authorised firm) · id="section-clone-firm-details" tabindex="-1" class="copy-block default"> · [email protected] |
| Websites named by the FCA | www.fxsmgroup.com · www.melisfx.com |
| Genuine firm being impersonated | Pepperstone Limited — FRN 684312 — www.pepperstone.com |
| Broker in our database | Pepperstone: register-checked regulation page Matched on the genuine firm's FRN 684312 |
| FCA page | fca.org.uk/news/warnings/melisfx-fxsm-group-clones-fca-authorised-firm-clone-fca-authorised-firm |
A clone warning protects the genuine firm
The FCA says fraudsters are using the details of Pepperstone's genuine authorised entity to convince people they work for it. Anyone who was cold-called, messaged or emailed by “Melisfx/FXSM Group (clones of FCA authorised firm)” 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. Open the FCA register yourself and search the firm name and FRN 684312; compare the contact details there with the ones you were given.
- 2. Read the Pepperstone regulation page to see which legal entity would onboard you and what it protects.
- 3. If you have paid money, contact your bank first, then report to the FCA from the warning page.
Other FCA warnings touching Pepperstone
Common questions
Is Melisfx/FXSM Group (clones of FCA authorised firm) regulated by the FCA?
No. "Melisfx/FXSM Group (clones of FCA authorised firm)" is a clone: the FCA's warning of 13 July 2016 says fraudsters are using the details of the genuine authorised firm Pepperstone Limited (FRN 684312). Only that genuine firm, reached through the contact details on the FCA register, is authorised.
Is Pepperstone itself the problem?
No. A clone warning is about impersonators. Pepperstone is the genuine firm whose identity is being misused. The risk is to anyone who deals with the clone believing it to be Pepperstone.
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.
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.