Dukascopy Exposes ‘Russian Clone’ Impersonating its Brand

Switzerland’s Forex Forex Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Read this Term bank and broker, Dukascopy, today warned against a Russian-focused ‎cryptocurrency and FX ‎trading provider that has been falsely claiming affiliation with its ‎authorized brand.‎ The clone entity, operating through https://dukas-broker.ru/, prompted action from the regulated company.

Dukascopy confirmed that it has no association whatsoever with ‎the aforementioned website and advised everyone to avoid it entirely.‎

The company added that dukas-broker is fraudulently using Dukascopy’s name and logo for attracting clients/investors. “Dukascopy Europe informs about its website fraudulent clone on the domain dukas-broker.ru. Please be aware that this website is not controlled and does not belong to Dukascopy Europe or any other entity of Dukascopy group.,” the broker said.

The forex bank stated that it’s taking actions against this dishonest organization. “Do not trust any information on the website dukas-broker.ru. This website and all information provided on this webpage is [a] SCAM. Do not provide any personal data on this website,” it added.

The fraudulent brand is indeed attempting to mislead investors into ‎thinking that it is offering ‎a ‎‎legal product by using the ‎details of an authorized firm operating under a similar name.‎ However, investors should be aware that the original company is not available to help in recovering funds if the unauthorized entity scammed them.

Dukascopy report flat metrics

Last month, the Geneva-based broker reported its financial metrics for H1 2019 which showed a slight decrease in its operating revenues, coming in at $14.23 million (CHF 13.98 million) – this figure is almost unchanged from CHF 13.99 million reported back in the same period a year ago.

Dukascopy has been taking steps towards strengthening its budding cryptocurrency offering, including allowing clients to deposit and withdraw funds in digital coins, as well as enabling free internal crypto-transfers between users of mobile banking.

Dukascopy also plans to offer the custody service for Dukascash tokens, whilst it will accept Dukascash tokens from its clients, as a payment for its services, at the Exchange Exchange An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv Read this Term rate of 1:1 to the fiat base currency.