FCA Warns Against 10 Unlicensed or Clone Firms

On 28 March 2025, the UKs Financial Conduct Authority (FCA) issued a warning against ten entities suspected of operating without proper authorization or impersonating FCA-regulated firms. These firms have been flagged for offering or promoting financial services and products to the public in the UK without approval, in violation of the Financial Services and Markets Act 2000.

According to the FCA, all firms and individuals that carry out regulated financial services in the UK must be authorized or registered. Unauthorized firms present a high risk to consumers, as any dealings with them are not covered by protections such as the Financial Services Compensation Scheme (FSCS) or the Financial Ombudsman Service (FOS). This means that if something goes wrong—such as fraud or insolvency—affected users are unlikely to recover their funds.

The FCA named the following ten firms

1. ByStockIndex

Address: 48 Warwick Street, London, W1B 5AW

Website: https://www.bystockindex.com/

2. Crescital

Address: 48 Warwick Street, London, W1B 5AW

Telephone: 07405027793

Website: https://www.crescital.org/

3. SanHourlyCoin

Address: 48 Warwick Street, London, W1B 5AW

Email: admin@sanhourlycoin.com

Website: https://sanhourlycoin.com/

4. Extream Traders

Address: 419 Occidental Avenue South, Seattle, WA, USA

Telephone: 12533547697

Email: support@extreamtraders.com

Website: https://www.extreamtraders.net/

5. claimeazy.checkmyassets.systems (clone of an FCA-authorised firm)

Telephone: +44 203 668 3471

Email: support@claimeazy.checkmyassets.systems

Website: claimeazy.checkmyassets.systems

6. 24 Asphalt IQ

Address: Aylmer Road, East Finchley, London, N2 0AT

Website: https://24.asphaltiq.org/

7. Finex Capital24

Address: Aylmer Road, East Finchley, London, N2 0AT

Website: https://finexcapital24.org/

8. Solaris Wealth

Address: Aylmer Road, East Finchley, London, N2 0AT

Website: https://solariswealthdb.com/

9. EDGE OPTIMATE FIRM

Website: https://www.edgeoptimatefirm.com/

10. PRECISIONFX

Address: Aylmer Road, East Finchley, London, N2 0AT

Website: https://precisionfx.org/

Among these, claimeazy.checkmyassets.systems is confirmed as a clone firm—an operation that mimics a legitimate company regulated by the FCA in order to deceive investors. Clone firms often copy names, registration numbers, and branding to appear genuine, making it difficult for unsuspecting consumers to distinguish real from fake.

The FCA reminds the public that engaging with unauthorized firms carries substantial risks. These firms often target individuals through cold calls, unsolicited emails, social media advertisements, and fraudulent websites. Victims typically experience aggressive sales tactics, promises of high returns, and pressure to act quickly. Once funds are transferred, communication often ceases, and recovering money becomes difficult or impossible.