Autobot Traders / autobottraders.co (new)
Severity: Medium · Kind: Alert
What to do
Do not send money to Autobot Traders or any of their social media accounts. If you've already invested, report it to Action Fraud (actionfraud.police.uk) and your bank immediately. Check the FCA's Warning List regularly before using any investment firm.
What it is
The UK Financial Conduct Authority (FCA) has warned that Autobot Traders (autobottraders.co) is operating illegally without proper authorisation. The firm is promoting financial services through social media including Facebook, Instagram, Telegram and TikTok. If you invest money with them and something goes wrong, you won't be able to complain to the Financial Ombudsman or claim compensation through the Financial Services Compensation Scheme.
Who this affects
Anyone in the UK who uses social media or has been approached about investment opportunities. Particularly those interested in automated trading or cryptocurrency. Small business owners considering investment platforms should be especially cautious.
From the source
Unauthorized This firm may be providing or promoting financial services or products without our permission. You should avoid dealing with this firm and beware of scams. Almost all firms and individuals must be authorised or registered by us to carry out or promote financial services in the UK. This firm is not authorised by us and may be targeting people in the UK. Search our Warning List for other unauthorised firms and individuals we're aware of. Unauthorised firm details Name: Autobot Traders / autobottraders.co Website: https://www.autobottraders.co/ Social Media Details: Facebook: https://www.facebook.com/AutobotTraders Instagram: https://www.instagram.com/autobottraders/ Telegram: https://t.me/+-Y5rpxZaE8U4MjU0 Tiktok: https://www.tiktok.com/@autobottraders Some firms may give incorrect contact details including postal addresses, telephone numbers and email addresses. They may change these contact details over time. They may also give you details that belong to another business or individual, so the information looks genuine. What this means for you If you deal with this firm, you won't have access to the Financial Ombudsman Service if you want to complain. You also won't be protected by the Financial Services Compensation Scheme (FSCS) if things go wrong. This means it's unlikely you'd get your money back if the firm goes out of business. If you sent money to a fraudster on or after 7 October 2024, you may be covered by protections introduced by the Payment Systems Reg
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