The FCA exposes Clone GBG Limited On October 3, 2023, the Financial Conduct Authority (FCA) issued a warning against Clone GBG Limited, identifying this broker as a clone of an FCA-authorized firm. https://www.fca.org.uk/news/warnings/gbg-limited-gbglmtdcom-clone-fca-authorised-firm

BrokersView has Reviewed that Clone GBG Limited is an unregulated broker Clone GBG Limited marks itself as a forex broker. But it has been exposed by the Financial Conduct Authority (FCA) as a clone firm of an FCA-authorized firm. On the illegal website, it even provides a phone number which belongs to a licensed firm. To put simply, Clone GBG Limited copies details of a real company to mislead investors.In essence, Clone GBG Limited is not regulated by any governing body. Entrusting this broker with investors' funds is highly risky, as there are no legal protections in place to safeguard the funds. Clone GBG Limited is unequivocally a scam.

BrokersView has identified that Clone GBG Limited's website is currently offline BrokersView found that the domain "https://gbglmtd.com/" is currently inaccessible. This is widely regarded as a significant red flag, as the suspension of a broker's website often points to underlying regulatory or operational issues.

Is gbglmtd.com a scam? No, the forex brand operating at https://gbglmtd.com/ is identified as a clone of a legitimate company, according to a warning issued by the Financial Conduct Authority (FCA), the UK's financial regulatory body. Therefore, this website, which refers to itself as GBG Limited, is part of an investment fraud scheme that investors must avoid at all costs.The fraudsters uses a name identical to that of the FCA-authorized firm, and even boldly lists this entity's telephone number on their website to appear legitimate. Investors should remain vigilant and steer clear of it. To minimize the risks of fraud and identity theft, traders are advised to choose fully regulated brokers only. View Source