Investment adviser Global Markets Group Limited (FRN: 744501) has been cloned by scammers selling high-risk investments.

The investment adviser has been cloned by fraudsters using the name GMGroup.pro and four different addresses as part of their tactics to scam people in the UK, the FCA has warned.

The FCA has shared a consumer warning which reminded potential victims that as the cloned firm is not authorised by the FCA they will not have access to the Financial Ombudsman Service or be protected by the Financial Services Compensation Scheme (FSCS), so are unlikely to get their money back if things go wrong.

The addresses being used by the scammers are:

• Upper Bank Street, Canary Wharf, London, E14 5BT
• Suite 501, 18 King William Street, London, EC4N 7BP
• 8 Copthall, 00152, Roseau Valley, Dominica
• A Minshull House, 67 Wellington Road North, Cheshire

The fraudsters are also using a range of UK and overseas landline and mobile telephone numbers to contact potential victims including: +14505542153, +61272520877, 02080972734, +442080972612, +41445206527, 01617688932, 02045259477, 07459158237, 02080978010, 07882107609, 02030971463, 447915620125, +442080978010, +442030971463, +441133284889, 02086380330, 02038689321, +14505542153, +61272520877, +442080978010, +447586941508, +44737263314, 447537156312, 07418368742, 01617688869.

The are using three different websites: www.gm-group.pro, GMgroup.pro/contact/, gmgroup.pro

The genuine Global Markets Group is registered to advise on and sell a range of investment products to both professional and retail investors. It is based at 15 Bishopsgate, London, and uses the email address: This email address is being protected from spambots. You need JavaScript enabled to view it..

The genuine company has been registered and authorised by the FCA since September 2016 and was formerly known as J2T UK.

Several advice and Financial Planning firms have been cloned by scammers in recent years, including Financial Planner Boosst.

The FCA also warned recently that scammers were using bogus emails, letters and phone calls purporting to be from the FCA to target authorised firms and consumers.

The regulator has recently forged agreements with online giants Google and Meta to tackle the rapid growth in online and social media scammers.