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I entered my details on “Compare the best UK fixed-rate bonds on the market” which led to an email from someone claiming to be from Aberdeen Standard and phone calls. They offered a Fixed-rate high yield bond with Aberdeen Standard 2 year at 2,29% product number 121891. Funds to be sent to UK Forex Ltd Account 304193 62 20-32-30 Is this a scam or legit?
This is a scam. What the scammers have done here is lured you in with the promise of above-market returns on a fixed income bond investment and copied a real investment firm to make themselves look legitimate.
This type of scam is known as a “clone“. The FCA and the real Aberdeen Standard are aware of this and published a warning in June 2020, which was updated this month: https://www.fca.org.uk/news/warnings/aberdeen-standard-investments-clone-authorised-firm
Those are the correct banking details for UK Forex (now OFX) who have been notified and their compliance department is investigating.
The scammers will provide fake banking details for you to send money to. In this case, they have provided the banking details of UK Forex (now OFX) a legitimate currency broker. The scammers may have set up a fake account with the currency broker using the KYC (ID) documents you supplied so that when your money arrives, it can be sent abroad quickly making it difficult to retrieve.
The email address that scammers have been sending you emails from is @aberdeenstandardinvestment.com which is listed as one of the fake websites used to clone Aberdeen Standard on the above FCA clone notice.
Douglas Tennant, Anti-Financial Crime Manager at Aberdeen Standard Investments told us:
We have been made aware of consumers being contacted by telephone regarding investing into high yield 1-5 year bonds with Aberdeen Standard Investments. I can confirm we do not offer such products nor do we advertise on such websites. We have recently updated our Investor Warnings across our websites to make consumers aware: https://www.aberdeenstandard.com/en/uk/investor/investor-risk-warning , this also provides contact details for getting in touch with our team.
You have certainly done the right thing by double-checking this and we encourage everyone to do their research online before investing with a new provider.
For more information on how bond scams work you can read our guide to fixed income scams.
Aberdeen Standard is not the only big investment firms to be cloned. Aviva, has also been cloned (https://www.fca.org.uk/news/warnings/aviva-plc-aviva-bonds-plc-clone-fca-authorised-firm)
If you think an investment is too good to be true or you think you are being scammed you should report it to the FCA here: https://www.fca.org.uk/consumers/report-scam-us
You can also search the FCA warning list for scams that have already been reported here: https://www.fca.org.uk/scamsmart/warning-list
That sounds like a scam. Real firms like abrdn (Aberdeen Standard) never ask you to transfer to a random company like UK Forex Ltd. Always check the FCA register and call the firm directly using their official number before investing in any property for sale or bond.
Check the official register
In the UK, search the FCA Register
for the firm’s name and registration number.Compare contact details
Make sure phone numbers, emails, and websites match the official records.
Contact the real firm
Use verified details from the FCA or company website to confirm if the person contacting you is genuine.
Look for warnings
FCA’s warning list
or Action Fraud may have alerts about cloned firms.🚨 Red flags
Unsolicited calls, emails, or messages.
Promises of guaranteed high returns.
Requests for money via unusual methods (e.g., crypto, overseas transfers).
Pressure to act quickly or keep things secret.
✅ If you suspect a clone
Stop all communication immediately.
Do not send money or personal information.
Report it to:
UK: Action Fraud
US: FTC Complaint Assistant
Contact your bank if you already sent money — they may help recover it.
You can also share the firm name or website (no personal info) and I can help check if it matches a legitimate firm.
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