FCA Warns Investors Against Clone Firm 22K Trader (22KTrader)

The Financial Conduct Authority (FCA) has issued a public warning regarding an unauthorized entity operating under the names 22K Trader and 22KTrader. According to the regulator, this fraudulent operation is acting as a clone firm, illicitly using the details of an FCA-recognized fund to deceive potential investors into believing it is legitimate. Fraudsters behind 22K Trader are targeting consumers in the UK without the necessary authorization or regulatory oversight. To appear genuine, the clone firm has copied details associated with the approved fund IFSL Equilibrium Balanced Portfolio, which has no connection whatsoever with the scam operation. Key Details of the Clone Entity: - Name: 22K Trader / 22KTrader - Purported Address: Canada Square, London, E14 5AA, United Kingdom - Contact Numbers: +44 204 577 2656, +44 125 354 4020, +44 775 614 4643 - Email: [email protected] - Website: www.22ktrader.com Cloned Legitimate Fund Details: - Fund Name: IFSL Equilibrium Balanced Portfolio (Approved Fund) The FCA reminds consumers that engaging with unauthorized clone brokers puts funds at extreme risk. Investors dealing with unauthorized entities will not have access to key consumer protections, including the Financial Ombudsman Service or the Financial Services Compensation Scheme (FSCS), should financial losses occur. Investors are advised to exercise extreme caution and verify the credentials of any financial services provider via the official FCA Financial Services Register before transferring funds or sharing personal information. Any suspicious contact should be reported directly to financial authorities.