Warnings

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Ashall Trading Co. Limited

12 Oct 20

The Gibraltar Financial Services Commission (GFSC) is issuing this public warning regarding a website purporting to be that of Ashall Trading Co. Limited.

Fraudsters appear to be using this website, falsely purporting to be that of the genuine registered company to try to convince people that they work for a company legally registered within Gibraltar.

This appears to be a ‘clone company’, and this suspected clone company purports to offer currency trading through a spread trading account. They often use the name of the genuine company including their registered office address. The genuine registered company does not engage in any financial services or controlled activities nor do they have an active website.

The genuine firm makes it clear that this website is not in any way associated with the activities of Ashall Trading Co. Limited, a company legally registered in Gibraltar.

Companies and individuals carrying out financial service activities in Gibraltar have to be authorised by the GFSC. The suspected clone of Ashall Trading Co. Limited is not authorised by the GFSC, nor is an application pending for authorisation at present and the clone company is targeting consumers.

You can find out more about how to avoid fraud and scams in our consumer guide here.   

Clone company details

Ashall Trading Co. Limited (clone of a Gibraltar-registered company)

Website: https://www.ashalltrading.com (not that of the registered company)  

Gibraltar-registered company details

The Gibraltar-registered company that fraudsters are claiming to work for has no association with the ‘clone company’.  

How to protect yourself

We strongly advise you to only deal with financial companies that are authorised by us, and check the GFSC Regulated Entities Register to ensure they are. It has information on companies that are, or have been, regulated by us. If a company does not appear on the Register but claims it does, contact the GFSC Enforcement team on +350 200 40283  

Report a clone company

If you think you have been approached by an unauthorised or clone company, or contacted about a scam, you should contact us.  

What to do if your company is cloned

If you think your authorised company has been cloned or scammers are fraudulently using your name or other details, contact the GFSC Enforcement team on +350 200 40283