FCA Warns UK Consumers About Unauthorised Firm Expertlegitchampstrade.com

The Financial Conduct Authority (FCA) has warned consumers about Expertlegitchampstrade.com, saying the firm may be providing or promoting financial services or products in the UK without permission. The regulator says the firm is unauthorised and may be targeting people in the country, advising consumers to avoid dealing with it and to remain alert to scams. The FCA warning identifies the firm as Expertlegitchampstrade.com. It also cautions that unauthorised firms can provide incorrect or changing postal addresses, telephone numbers and email addresses. In some cases, they may use contact details belonging to another business or individual to make their operations appear genuine. Consumers who deal with the firm would not have access to the Financial Ombudsman Service if they needed to complain. They would also generally not be protected by the Financial Services Compensation Scheme if the firm failed, meaning they were unlikely to recover their money through that scheme. The source adds that people who sent money to a fraudster on or after 7 October 2024 may be covered by protections introduced by the Payment Systems Regulator, depending on the circumstances. The FCA advises consumers to check any financial business through its Firm Checker and confirm that it is authorised for the specific services being offered. People contacted unexpectedly should use the contact details listed on the checker rather than relying on details supplied by the firm. Anyone who believes they have been approached by an unauthorised firm can report it to the FCA by calling 0800 111 6768 or using the regulator's contact form.