🚨 Unauthorized Firm of the Day: AutoBaseTrade (updated)
Date: 04 February 2026
Introduction
AutoBaseTrade is listed on the Financial Conduct Authority (FCA) Warning List. This list identifies firms that are not authorized to provide financial services in the United Kingdom and flags concerns about their activities. Being on the FCA Warning List means the regulator has identified potential risks or unauthorised activity related to the firm. The public is advised to exercise caution and to avoid engaging in financial dealings with AutoBaseTrade until its status is clarified by the FCA. This post provides an objective summary of the available information and practical guidance for consumers.
Firm Details
– Name: AutoBaseTrade (updated)
– Address: Not listed
– Phone: Not listed
– Mobile: Not listed
– Email: Not listed
– Website: Not listed
What this warning means
– The FCA Warning List is a public alert that a firm is not authorised to provide financial services in the UK and may be involved in activities that require authorisation.
– Being on the Warning List does not imply endorsement or guarantee of legitimacy; rather, it signals potential risk and prompts consumers to exercise heightened caution.
– Firms on the warning list are not covered by the standard protections that apply to FCA-authorised entities, and there is no FCA-backed recourse for arbitrary investments, products, or services offered by them.
– If you encounter AutoBaseTrade or similar entities, do not assume they are regulated or safe to deal with. Always verify a firm’s status on the FCA’s official platforms and use only authorised providers.
Risks to consumers
– Financial loss: Engaging with an unauthorised firm may lead to loss of money or assets, with little or no recourse through established protections.
– Regulatory gaps: The absence of FCA authorization means you may not have access to the Financial Services Compensation Scheme (FSCS) or other consumer protections.
– Misrepresentation and pressure: Unauthorized firms may misrepresent services or offer aggressive sales tactics, increasing the risk of scams.
– Data exposure: Sharing personal or financial information with unauthorised entities can raise the risk of fraud or identity misuse.
– Recovery challenges: If funds are lost, recovering them can be difficult, time-consuming, and not guaranteed.
What consumers should do
– Do not provide money or sensitive personal information to AutoBaseTrade or any unauthorised firm.
– Verify the firm’s status: check the FCA Register and the FCA Warning List on the FCA website for the most up-to-date information.
– If you have already engaged or paid money:
– Contact your bank or card issuer immediately to explore chargebacks or reimbursement options.
– Report suspected fraud to Action Fraud (UK) and seek guidance on next steps.
– Preserve all communications, invoices, and payment records as evidence.
– Seek independent financial advice: use a regulated adviser or a reputable, FCA-authorised firm for any future financial services.
– Monitor accounts and devices: review bank statements, investment accounts, and online security settings for any unusual activity; change passwords and enable two-factor authentication where possible.
– Be cautious of follow-up contact: unauthorised firms may attempt to re-contact you through various channels; treat unsolicited approaches with suspicion and verify through official channels before responding.
Final warning
Unauthorized firms can pose serious financial and personal security risks. AutoBaseTrade’s presence on the FCA Warning List serves as a clear caution to consumers: do not engage with them until their regulatory status is resolved and verified by the FCA. Always prioritise dealing with FCA-registered, authorised entities for any financial services or investments. If you are unsure about a firm’s status, consult the FCA’s official resources or seek advice from a regulated financial professional. Your vigilance helps protect you and others from potential wrongdoing.