Clone firms are fake firms that use the details of real companies to trick investors into believing they are legitimate. They often use sophisticated tactics to appear genuine, such as using the same website design and contact details as the real company. FCA recently exposed a clone firm of CWG Markets. Here are the details: Name: CWG Markets/ CWG Foreign Exchange (Clone of FCA Authorised firm) Website: https://www.cwg-ins.com/, https://www.cwg-ins.com/lxwom.html, www.cwgcn.com