In this Finalto Ltd review, we will be reviewing how this scam works, what to look out for, and how to protect yourself.
Website: https://finaltoltd.com/ and https://finaltoltd.co/
Website Availability: No
Address: NA
Warning Notices: Financial Conduct Authority (United Kingdom)
Domain Blacklisted Status: It seems there is no direct mention of this domain being on a blacklist.
What is the Finalto Ltd Scam?
The fraudulent websites in the scam are finaltoltd.com, finaltoltd.co, and finaltolive.com. They are masquerading as legitimate financial services. The Financial Conduct Authority (FCA) has made clear statements that these websites are scams. The scammers are using the name of a genuine FCA-authorised firm, and using their details to seem legit. This is called the “clone firm” scam.
Key Facts:
- Finalto Financial Services Limited is a genuine FCA-authorised firm.
- The fraudulent websites have falsely claimed to be FCA-regulated.
- The apparent addresses e.g., Midcity Place, London and St Georges Court, are false.
- The FCA is clear that the site has nothing to do with the genuine Finalto Trading Limited.
Check FCA Warning – https://www.fca.org.uk/news/warnings/finalto-ltd-finaltoltdcom-finaltoltdco-clone-fca-authorised-firm
How the Clone Firm Scam Works?
Identity Theft of Authorised Firms
Scammers set up identical websites and use the same business names or branding to mislead prospective investors.
False Claims of Regulation
They will generally claim FCA authorization and even provide fake registration numbers and certificates to build trust and confidence.
Fake Contact Information
They will publish addresses and telephone numbers belonging to the real firm which can deceive victims into believing they are dealing with a regulated entity.
Frequently Asked Questions (FAQ)
Q1: Is Finalto Ltd a legitimate company?
A1: The genuine Finalto Financial Services Limited is a legitimate company and regulated by the FCA. However, sites like finaltoltd.com and finaltoltd.co are impersonating real firms and are the subject of warnings from the FCA as scams.
Q2: How can I check if a financial firm is FCA-authorized?
A2: You can search the FCA Register at https://register.fca.org.uk/. Check that the firm name, reference number, and contact details match the register.
Q3: What should I do if I invest through finaltoltd.com?
A3: Stop dealing with the site immediately. Report to the FCA and Action Fraud (UK), as well as consult with a funds recovery expert if you have lost money.
Q4: Why do scammers use clone firms?
A4: Clone firms take the name of regulated businesses to help convince the victim that they are legitimate. Having this identity lowers suspicion and increases the chances of the victim transferring funds.
Take Informed Action
Scammed by Finalto Ltd clone company or other scam broker? At Lycan Retrieve, we help you understand your options and start the recovery process with a free consultation. Regaining your trust and helping you recover your losses are the goals of our team! With our help, you can recover financially and get back what is yours! To regain control of your finances and safeguard your future, contact us right now! Lycan Retrieve is available to assist you at every stage.
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