On 12 November 2026 the UK Financial Conduct Authority published a clone warning for First Spear Capital and firstspearcapital.com. The FCA says the operators are pretending to be connected to a firm it authorises. The genuine firm named in the notice, Spear Financial Limited (FCA reference 480111, Bakewell, Derbyshire), has no connection with this website.
What the clone sells
firstspearcapital.com presents a polished “multi-asset desk”: crypto spot and futures, forex, stocks and commodities, with leverage “to x200”. It also lists staking-style yields such as ETH at 5 to 15% over 3, 6 or 12 months. None of it is authorised, and the leverage alone would be illegal for a UK retail broker.
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Verified evidence
- FCA clone warning for First Spear Capital, firstspearcapital.com, 12 November 2026
- Genuine firm in the notice: Spear Financial Limited, FCA reference 480111
- Contacts used by the clone: support@firstspearcapital.com and +447822108074
- Domain registered 5 August 2026
- Leverage advertised up to x200; fixed yields on crypto
Report First Spear Capital to Ettran
How clones work
A clone borrows a real firm name or reference number so a quick check on the register seems to pass. The FCA notes that clones mix genuine details with their own phone numbers and emails. The only safe contact details are the ones on the FCA register itself.
If someone from First Spear Capital contacted you, stop dealing with them and check any firm only through the FCA register at fca.org.uk.
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Sources: UK FCA Warning List, First Spear Capital clone notice of 12 November 2026 (fca.org.uk); RDAP record for firstspearcapital.com (5 August 2026); site captured 12 November 2026.
