Handel Swiss UK Limited clone of an FCA authorised firm Swissquote Ltd

What Is This Scam?

Handel Swiss UK Limited is a fraudulent clone operation designed to deceive consumers into believing they are conducting business with a legitimate, FCA-regulated financial services firm. The scammers impersonate an authorised financial institution to build trust and credibility, then redirect unsuspecting victims to their fraudulent website and communication channels. This type of clone scam is particularly dangerous because it exploits the reputation and regulatory standing of a genuine company, making it difficult for consumers to identify the deception at first glance. Victims who engage with this operation risk losing money, compromising personal financial information, and becoming victims of identity theft.

Who Are They Impersonating?

Handel Swiss UK Limited is impersonating Swissquote Ltd, a legitimate financial services firm that is properly authorised and regulated by the Financial Conduct Authority (FCA) in the United Kingdom. Swissquote Ltd is a fully licensed and regulated firm with the following verified details:

• Firm Name: Swissquote Ltd
• FCA Firm Reference Number: 562170
• Registered Address: Boston House, 63-64 New Broad Street, London, EC2M 1JJ, United Kingdom
• Official Telephone: +442071862600
• Official Email: [email protected]
• Official Website: www.swissquote.co.uk
• Regulatory Authority: Financial Conduct Authority (FCA)

It is critical to understand that the genuine Swissquote Ltd has no connection whatsoever with Handel Swiss UK Limited or any fraudulent clone operation.

Evidence & Regulatory Action

Multiple regulatory authorities have issued formal warnings about this clone operation. The Financial Conduct Authority has published an official warning identifying Handel Swiss UK Limited as an unauthorised firm impersonating the legitimate Swissquote Ltd. According to the FCA's official alert, dated October 25, 2024, this is a confirmed clone of an FCA-authorised firm with no legitimate connection to the real company.

The FCA has registered this unauthorised firm in its official register, and consumers can verify the warning through the FCA's official warning page. Additionally, Germany's Federal Financial Supervisory Authority (BaFin) has issued consumer warnings about Handel Swiss Cyprus Ltd and related Handel Swiss entities, confirming that this fraudulent scheme operates across multiple jurisdictions.

Third-party financial review platforms have independently verified that Handel Swiss UK Limited is an unregulated broker and confirmed its status as a clone operation.

Red Flags

• Website domain handelswiss.com does not match the legitimate Swissquote official domain (swissquote.co.uk)
• Email address [email protected] is not an official Swissquote contact address
• The firm is not listed as authorised on the FCA register
• Official FCA warnings specifically name this operation as a clone
• Unusually similar branding and naming designed to confuse consumers
• Lack of verifiable regulatory credentials or licence numbers
• Multiple international regulatory authorities have issued warnings

What To Do If You Have Been Contacted

If you have been contacted by Handel Swiss UK Limited or directed to handelswiss.com, take the following steps immediately:

• Do not provide any personal, financial, or banking information
• Do not transfer any money to this operation
• Report the scam to the FCA at www.fca.org.uk
• Contact your bank or financial institution if you have already shared sensitive information
• Report the fraudulent email address ([email protected]) to your email provider
• Verify any financial firm's credentials independently using the FCA register before conducting business
• Save evidence of all communications and report the incident to Action Fraud or your local law enforcement