Global Investor Alerts

Public Warning – Consumer Alert!

Algo Capitals (clone of FCA authorised firm)

DO NOT PAY!!

Financial Authorities have issued a public warning or consumer alert against Algo Capitals (clone of FCA authorised firm) and/or Global Investor Alerts received information that Algo Capitals (clone of FCA authorised firm) is cold-calling potential investors offering unauthorized or illegal financial services.

We strongly advise you not to use the financial services of Algo Capitals (clone of FCA authorised firm), nor the financial or supporting services of its affiliates (transfer agents, escrow agents, etc.), or to pay any money to the companies it designates for settlement.

Do you have more info about Algo Capitals (clone of FCA authorised firm) contact us.

Would you like assistance with filing a claim?

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Algo Capitals (clone of FCA authorised firm)
  

Algo Capitals (clone of FCA authorised firm) financial authorities warnings & registrations:
warning FCA UK

Algo Capitals (clone of FCA authorised firm)
Warnings Published: 30/11/2016 Last updated: 30/11/2016
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Fraudsters are using the details of firms we authorise to try to convince people that they work for a genuine, authorised firm. Find out more about this ‘clone firm’.

Almost all firms and individuals carrying out financial services activities in the UK have to be authorised or registered by us. This firm is not authorised or registered by us but has been targeting people in the UK, claiming to be an authorised firm.

This is what we call a 'clone firm'; and fraudsters usually use this tactic when contacting people out of the blue, so you should be especially wary if you have been cold called. They may use the name of the genuine firm, the 'firm reference number' (FRN) we have given the authorised firm or other details.

You can find out more about this scam tactic and how to protect yourself from clone firms.
Clone firm details

Fraudsters are using or giving out the following details as part of their tactics to scam people in the UK:
Algo Capitals (clone of FCA authorised firm)

Address: Portland House, Bressenden Place, London, SW1E 5RS

Email: [email protected], [email protected]

Website: www.algocapitals.com

Be aware that the scammers may give out other false details or mix these with some correct details of the registered firm.
FCA authorised firm details

This FCA authorised firm that fraudsters are claiming to work for has no association with the ‘clone firm’. It is authorised to offer, promote or sell services or products in the UK and its correct details are:

Firm Name: Algo Capital Management Limited
Firm Reference Number: 192936
Address: c/o J M Shah & Co, 24 Old Bond Street, W1S 4AP
Telephone: 0207 993 8882​​​​​​​
Website: www.algocapital.com
How to protect yourself

We strongly advise you to only deal with financial firms that are authorised by us, and check the Financial Services Register to ensure they are. It has information on firms and individuals that are, or have been, regulated by us.

If you want to check a consumer credit firm that may not yet have been authorised by us, please also check the Interim Permission Register (link is external)

If a firm does not appear on the Register but claims it does, contact our Consumer Helpline on 0800 111 6768.

There are more steps you should take to avoid scams and unauthorised firms.

You should also be aware that if you give money to an unauthorised firm, you will not be covered by the Financial Ombudsman Service (link is external) or Financial Services Compensation Scheme (link is external) (FSCS) if things go wrong.
Report a clone firm

If you think you have been approached by an unauthorised or clone firm, or contacted about a scam, you should contact us. If you were offered, bought or sold shares, you can use our reporting form.
What to do if your firm is cloned

If you think your authorised firm has been cloned or scammers are fraudulently using your name or other details, contact our Firm Helpline on 0300 500 0597.


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Algo Capitals (clone of FCA authorised firm) remark(s):


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Algo Capitals (clone of FCA authorised firm) office(s):
Portland House, Bressenden Place, London, SW1E 5RS

Email: [email protected], [email protected]

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Algo Capitals (clone of FCA authorised firm) web site(s):
Algo Capitals (clone of FCA authorised firm)

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Algo Capitals (clone of FCA authorised firm) securities:


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