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AlgoTechs Limited

AlgoTechs Limited - Waarschuwing FMA Austria - 2019-Apr-27

27. April 2019| Categories: Investor Warning
The Austrian Financial Market Authority (FMA) may notify the public by way of publication on the Internet, or in a newspaper with nationwide circulation that a named natural or legal person is not authorised to perform certain investment services transactions (Article 3 para. 2 nos. 1 to 4 WAG 2018), provided that this person has given cause for such action and informing the general public, and is reasonable with regard to any disadvantages suffered by the affected parties.

By publication in the official gazette "Amtsblatt zur Wiener Zeitung" on 27.04.2019, the FMA hereby informs that


111 Piccadilly, Manchester and 30 St,

Mary Axe, London

+43 720022421

is not entitled to provide investment services in Austria that require a licence. The provider is therefore not permitted to provide commercial portfolio management in relation to financial instruments (Article 3 para. 2 no. 2 WAG 2018).

2019-04-25, Public warning by FCA UK against Algotechs:

Warnings Published: 25/04/2019 Last updated: 25/04/2019
We believe this firm has been providing financial services or products in the UK without our authorisation. Find out why to be especially wary of dealing with this unauthorised firm and how to protect yourself from scammers.

Almost all firms and individuals offering, promoting or selling financial services or products in the UK have to be authorised by us.

However, some firms act without our authorisation and some knowingly run investment scams.

This firm is not authorised by us and is targeting people in the UK. Based upon information we hold, we believe it is carrying on regulated activities which require authorisation.

Address: 111 Piccadilly, Manchester M1 2PL;

30 St Mary Axe, London EC3A 8EP (Gherkin)

Telephone: 02038689901; 02033935505

WhatsApp: +447520642974; +447441914273; +447520642283; +447520642405; +447452088964; +447560642203; +447520640401



How to protect yourself
We strongly advise you to only deal with financial firms that are authorised by us, and check the Financial Services Register to ensure they are. It has information on firms and individuals that are, or have been, regulated by us.

If you want to check a consumer credit firm that may not yet have been authorised by us, please also check the Interim Permission Register (link is external).

If a firm does not appear on the Register but claims it does, contact our Consumer Helpline on 0800 111 6768.

There are more steps you should take to avoid scams and unauthorised firms.

You should also be aware that if you give money to an unauthorised firm, you will not be covered by the Financial Ombudsman Service (link is external) or Financial Services Compensation Scheme (link is external) (FSCS) if things go wrong.

Report an unauthorised firm
If you think you have been approached by an unauthorised firm or contacted about a scam, you should contact our Consumer Helpline on 0800 111 6768. If you were offered, bought or sold shares, you can use our reporting form.