Protection & safety · Jurisdiction UK

FCA scam warnings (United Kingdom)

This is UK FCA education, not BaFin. Typical UK investment-scam patterns: pressure, secrecy, “guaranteed” returns, cloned firms. Finmon sells nothing and does not phone you.

In more detail

The FCA says: check the FCA Register, read warning lists, and do not treat cold calls about offers as a regulator. Clone firms borrow real names. High return plus hurry plus a payment route outside the bank are warning signs, not hot tips. FSCS does not usually repay money you gave to an unauthorised firm.

Background

FCA and FSCS are different UK bodies: supervision/alerts versus compensation if an authorised firm fails. BaFin alerts apply to the German market and are not copy-paste. Finmon does not file a fraud report and does not rate coins. If you suspect a scam: the FCA (0800 111 6768 or contact form) or Report Fraud (0300 123 2040), not a chat in the app.

An example

Someone on WhatsApp claims “the FCA” needs an immediate wallet transfer or your UK account will be frozen. Educational point: authorities do not demand a secret transfer that way. Check the FCA Register and Warning List. Finmon sends nothing.

A common misconception

Anyone who writes “FCA” or “Finmon” in the message is vetted, and FSCS pays every fraud.

Clone firms fake names. The FCA says: check the Register, do not follow pressure. Finmon does not call you.

Source: FCA · Protect yourself from scams. Last reviewed: 2026-10-29. Editorially reviewed on 2026-10-29. Next review 2027-10-29. Version 0.2.0. Finmon explains. It does not advise. Not investment, tax or legal advice.