FCA Warns UK Consumers Against Unauthorised Marketexpertgroup.co.uk

The Financial Conduct Authority (FCA) has warned that marketexpertgroup.co.uk is not authorised to provide financial services in the UK and may be targeting people there. The regulator advises consumers to avoid dealing with the firm and to beware of scams. The website listed in the warning is https://marketexpertgroup.co.uk; the FCA gives its location as London, England. The FCA says people who deal with an unauthorised firm will not have access to the Financial Ombudsman Service if they want to complain. They will also not be protected by the Financial Services Compensation Scheme if the firm goes out of business, making it unlikely they would recover their money in that situation. For payments sent to a fraudster on or after 7 October 2024, protections introduced by the Payment Systems Regulator may apply. Consumers can check whether a firm is authorised and has permission to provide the service they are seeking through the FCA Firm Checker. The regulator advises anyone contacted unexpectedly by a financial business to use the contact details shown there, rather than relying on details supplied by the business. Anyone who believes they have been approached by an unauthorised firm can contact the FCA on 0800 111 6768 or through its contact form.