1. In One Sentence: A Clone Site Disguised as FCA-Regulated
The website of Freefxindex Trading Limited (freefxindex.com) publicly claims to be "FCA-authorized and regulated", displays "Registration Number 12890756", boasts of "over 1 million global users," and invents a persona of "Founder and CEO Michael Hudson."[1]
This rhetoric is typical of a clone firm scam—fraudsters use the name and number of a genuine regulatory body to make victims think they’re dealing with a compliant UK broker, thus making them feel safe to invest. The actual goal is: when you try to withdraw, they'll block you with excuses like "taxes," "verification fees," "margins," "unlock fees," etc., until you're drained.
2. Three Key Pieces of Evidence: Confirmed Fraud
Evidence 1: The So-called "FCA Registration Number" is Someone Else's Company Number
The number 12890756 displayed by Freefxindex is not an FCA authorization number. At Companies House, we found 12890756 is the company number for ELITE TRADE LTD, a company registered on September 18, 2020, whose business nature is "retail sales," "mail order/internet retail"—nothing to do with forex, CFDs, or investment services.[3]
This is not wordplay. Companies House number ≠ FCA authorization. The FCA repeatedly emphasizes: clone firms commonly misappropriate or mimic genuine regulatory identities, and authorization should always be verified in the FCA financial services register. Freefxindex using someone else's company number as "FCA regulatory proof" is sheer deceit.
Evidence 2: The Same Number, Same "Founder" Appears on Multiple Unrelated Websites
Even more absurd, the number 12890756 and the persona "Michael Hudson" are used at least on two other websites:
- Bitbyvr Trading Limited: Also claims "over 1 million users," cites "Michael Hudson, Founder and CEO," claims FCA regulation, and displays 12890756.[5]
- Bolt Prime Max Trade Trading Limited: Also states "registered in England and Wales, company number 12890756," reiterates FCA regulation claims.[6]
A single template, a different name, mass-producing "fake regulatory brokers." This is not a case of "multiple brands under one group," but classic template-based fraud network—one number, a set pitch, a fake founder, donned different guises for widespread scamming. A genuine regulated company wouldn't share an identity in this way.
Evidence 3: Domain Registered in March 2026, yet Boasts "Million Users"
The WHOIS record reveals:freefxindex.com registered on March 22, 2026.[2]
A site online for only a few days claims to "serve a million users"? Such a timeline inconsistency is typical of short-lived scam platforms. Scammers bet most won’t check domain age. Even if they later argue "we bought an old domain," it cannot prove the company itself has years of operational history—domains can be bought, but company registration records, regulatory tracks, long-term public coverage can’t be faked.[8]
3. London Address: A Real Address Doesn’t Mean Real Regulation
According to public index information, Freefxindex lists London’s Queen Elizabeth Olympic Park / Plexal, London E20 3BS as an address.[10]
Plexal does exist; it is a shared workspace/innovation center within the London Olympic Park.[9] But the problem lies here: a shared workspace address can be rented monthly, used for mailboxes, meetings, or name postings, but has nothing to do with "an FCA-regulated broker."
Scammers love this tactic: spending little to rent a real London address to create the illusion of a "legitimate UK company." Without verifiable FCA licenses, consistent corporate disclosures, this address is just a facade, not proof of legitimate operation.
4. What Happens If You’ve Already Invested? — A Script Already Written
When platforms like Freefxindex receive your money, the script is usually set:
Phase One: Smooth Investment, Fake Gains
Registering is quick, customer service is friendly, and your account soon shows "profits." If there are hypes like "automated trading," "AI strategies," manipulating profit figures becomes even easier.
Phase Two: A Wall at Withdrawal Time
You might initially be allowed to withdraw small amounts, making you completely trust them. But when you want to withdraw substantial funds—obstacles appear: "identity verification," "AML deposit," "prepaid taxes," "additional margin"… many pretexts, the logic is clear: Want your money? Pay another fee.
Phase Three: Intensified Pressure, Squeezing Every Last Penny
The "account manager" becomes urgent, even threatening account freezes or legal consequences. Victims are pressured to borrow money, sell assets, convert cryptocurrencies—because scammers say it's "the fastest way."
That’s why the FCA repeatedly warns: dealing with unauthorized firms means no normal complaint channel, and no protection by the Financial Services Compensation Scheme (FSCS). If something goes wrong, your money is essentially unrecoverable. [7]
5. Don’t Fall for "FCA Hasn’t Warned Us" Nonsense
Scammers often use this phrase to soothe victims: "See, the regulatory body hasn’t blacklisted us." This is complete misinformation.
The FCA states clearly: warning lists only cover entities they know of; a company not being on the list doesn’t mean it’s legal—because scammers switch names and sites quickly.[7] That’s why "FCA regulation" must be checked directly on the FCA website, not believed through website claims. Clone company guides clearly state: scammers can replicate all authorized company logos, even falsely claiming "registration information not updated."[4]
Not being blacklisted ≠ Legal. Real legality means consistent, traceable company registration, regulatory permission, and public records.
6. Suspect a Scam? What Should You Do?
When suspecting an ongoing scam, the most useful protection comes from quick action and loss limitation, not continuing "negotiation" with scammers.
First Step: Stop Any Additional Payments Immediately. Don't pay any more "tax fees," "margins," "unlock fees"—these are bottomless pits.
Second Step: Contact Your Bank or Payment Channel Immediately. If it's about bank cards or transfers, initiate a fraud claim promptly. The time window is extremely critical.
Third Step: Report to Official Channels. Include FCA, local anti-fraud centers, and the platform where you transferred funds. Even if you can't recover the money, your report can help freeze accounts, shut down websites, preventing further victimization.
Fourth Step: Beware of "Secondary Scams." Don’t trust any third-party claiming "payment can recover funds"—that's another wave of scammers, targeting those already scammed.
Final Conclusion: Freefxindex Trading Limited = Highly Suspected Clone Scam
Based on publicly verifiable records, numerous high-risk red flags light up on Freefxindex Trading Limited:
- Domain Age Registered on March 22, 2026, is very new, severely conflicting with the "million-user" claim.[2]
- FCA Regulatory Statement The "12890756" displayed isn't an FCA authorization number but a Companies House number for another retail company.[1][3]
- Identity Consistency The same number, same "Michael Hudson" persona, appears on at least three different sites, a template fraud.[5][6]
- Address Credibility The London address is a shared workspace, not proving any regulatory qualification or actual operation.[9][10]
- Warnings by Regulatory Bodies The FCA clearly warned that clone companies would use stolen addresses and numbers to create illusions; the method matches this case perfectly.[4][7]
These facts together point to a clear conclusion:Freefxindex Trading Limited is not an FCA-regulated legitimate broker but a platform highly suspected of being a clone scam. Any investment carries a very high risk of loss.
Strongly advised: Stay away from freefxindex.com, do not invest. Users who have invested should quickly report to banks and official channels and be prepared that funds cannot be recovered.
References
[2] https://www.whois.com/whois/freefxindex.com
[3] https://find-and-update.company-information.service.gov.uk/company/12890756
[4] https://www.fca.org.uk/consumers/clone-firms-individuals
[6] https://boltprimemaxtrade.com/terms
[7] https://www.fca.org.uk/consumers/warning-list-unauthorised-firms
[8] https://www.itbrew.com/stories/2023/01/24/scammers-gain-trust-through-aged-domains
[9] https://www.plexal.com/find-us/here-east/
[10] https://www.traderknows.com/en/wiki/organizations/32660e02edb94c46924e986e3de6975a
