This is what we call a ‚clone firm‘; and fraudsters usually use this tactic when contacting people out of the blue, so you should be especially wary if you have been cold called. They may use the name of the genuine firm, the ‚firm reference number‘ (FRN) we have given the authorised firm or other details.
You can find out more about this scam tactic and how to protect yourself from clone firms.
Clone firm details
Fraudsters are using or giving out the following details as part of their tactics to scam people in the UK:
Tradition Cheptal/Tradition London Clearing (clone of FCA authorised firm)
Address: 1 Parvis de la Défense, 92800 Puteaux, France
Be aware that the scammers may give out other false details or mix these with some correct details of the registered firm.
FCA authorised firm details
This FCA authorised firm that fraudsters are claiming to work for has no association with the ‘clone firm’. It is authorised to offer, promote or sell services or products in the UK and its correct details are:
Firm Name: Tradition (UK) Limited
Firm Reference Number: 139200
Address: Beaufort House, 15 St Botolph Street, London EC3A 7QX
Telephone: 44 20 7198 1500