The bottom lineThe FCA’s warning list is a practical check for retail investors and consumers: if a firm is not authorised, the regulator says you should verify it before dealing, because you may not have access to the Financial Ombudsman Service or FSCS protections.
What happened
The FCA says its Warning List shows firms and individuals it is concerned are operating without permission in the UK. The page was last updated on June 30, 2026, and the live list shows multiple July 2026 additions and updates, including CRYPTEX MARKETS, BlueCloud Recovery/bluecloudrecovery.com, marginaltrading.net, and NordicTR.
- BlueCloud Recovery/bluecloudrecovery.com is described by the FCA as a clone of an FCA registered firm.
- algebriscapital.com is described by the FCA as a clone of an FCA authorised firm.
- The list shows 18,242 total entries on the page.
Why it matters
The FCA warns that most financial firms in the UK must be authorised or registered, and that dealing with an unauthorised firm can leave a customer outside Financial Ombudsman Service and FSCS protections. That is especially relevant for retail investors who may be approached online, through cloned-brand websites, or by firms using names that resemble legitimate businesses.
- The FCA says it adds firms as soon as possible, but a firm not appearing on the list may still be unauthorised or a scam.
- The regulator also points consumers to its Firm Checker to confirm whether a firm is authorised and permitted to provide a specific service.
What readers can do next
Before transferring money, check the FCA Firm Checker and compare the exact firm name, website, and service permissions. If a firm is not listed, or if details do not match, the FCA says to contact it directly. For overseas firms, the FCA directs consumers to warnings from overseas regulators.
- Search the FCA Warning List for the exact name, domain, or first letter of the firm.
- Treat clone-firm warnings as a red flag and verify the genuine firm separately.
- If money has already been sent to a suspected fraudster, review the FCA’s guidance on scam payments and next steps.
Editorial note. This report explains a public record and is not investment, legal or trading advice. Facts may change after publication; the source links remain the controlling record.
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