The FinTel Ombudsman has got a new case which related to the regulated Chinese CPT Markets Group with CPT Markets UK Limited, an entity regulated by the UK FCA with the reference number 606110 d/b/a CPT Markets UK and the domain www.cptmarkets.co.uk, and CPT Markets Ltd regulated in Belize with license no 314/126. In the following we present the CPT Markets Group and its environment and briefly outline the case for the FinTel Ombudsman which hopefully can be concluded positively for the complainant.
In the last few days, we have received information from whistleblowers that a scam broker with the CPT Markets brand under the domain www.cptmarkets.com has been acting as an allegedly regulated broker for months. In fact, this CPT Markets with this specific domain is a scam that appears as a clone of the actual FCA regulated CPT Markets. The "real" regulated broker, regulated by the FCA with the reference number 606110 uses the approved domain www.cptmarkets.co.uk and is operated by CPT Markets UK Limited.
In the last few days, we have received information from whistleblowers that a scam broker with the CPT Markets brand under the domain www.cptmarkets.com has been acting as an allegedly regulated broker for months. In fact, this CPT Markets with this specific domain is a scam that appears as a clone of the actual FCA regulated CPT Markets. The "real" regulated broker, regulated by the FCA with the reference number 606110 uses the approved domain www.cptmarkets.co.uk and is operated by CPT Markets UK Limited. In fact, however, it looks as if the two brokers are connected.