UK FCA Warns against Clone of FX Broker Axi

About FCA

The Financial Conduct Authority(FCA) is a financial regulatory institution located in the United Kingdom. The FCA regulated financial firms, including forex brokers, providing services to consumers and maintaining the integrity of the financial markets in the United Kingdom.

About “The clone”

The FCA has issued a warning against “AXI Corp Limited. ”AXI Corp Limited“ is a clone firm of the forex and CFD broker Axi and its sister company, One Financial Markets. As we know, Axi and One Financial Markets are owned by AxiCorp. The clone firm ”AXI Corp Limited has nothing to do with AxiCorp.

(“The Clone” On WikiFX)

WikiFX has given this broker a fairly low rating.

(Website of One Financial Markets)

FCA did not reveal the website of this clone firm. However, it did claim that the clone firm is located in Leadenhall Street, London, while the real Axi and One Financial Markets are located at 1 Finsbury Market. You can check the contact information on FCA.

In 2022, Several clone companies were cracked down on by the FCA. FCA stated “Almost all firms and individuals carrying out financial services activities in the UK have to be authorized or registered by us. This firm is not authorized or registered by us but has been targeting people in the UK, claiming to be an authorized firm.”