Hong Kong’s SFC Warns Against Dukascopy Clone, Dukes Copy LTD
- Dukes Copy LTD is an illegal entity in Hong Kong, posing as multi asset brokerage Dukascopy.
Hong Kong’s Securities and Futures Commission (SFC), the country’s paramount securities regulator, has issued a warning against, Dukes Copy LTD, a fraudulent clone posing as Dukascopy Bank, a provider of foreign 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 (FX) and contracts-for-difference (CFDs), according to an SFC manifest.
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The SFC routinely warns about such entities and scams operating in Hong Kong, one of the region’s paramount financial markets. Dukes Copy LTD is claiming an address of Unit A-E, 38/F, Central Plaza, 18 Harbour Road, Wan Chai, Hong Kong and is in no way affiliated with the multi-asset brokerage Dukascopy Bank.
Presently, the SFC’s comprehensive Alert List features the names of businesses that are unlicensed in Hong Kong and which are also believed to have targeted Hong Kong investors or made fraudulent claims to be associated with Hong Kong. The addition of Dukes Copy LTD. brings to light the group’s presence as an unlicensed financial entity that should be avoided.
In addition, the group also bears no ties to Sun Hung Kai 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 Limited, an SFC-licensed corporation, and the parent group of Sun Hung Kai Financial Limited. The clone uses a bank account in Hong Kong in the name of Duke Exchange Fund for settlement and its Hong Kong address belongs to a secretarial company.
The SFC warns customers against engaging in any activities or offers associated with Dukes Copy LTD. According to an official statement from Duksascopy, "We suspect this forex related investment offer can be a scam. We are currently taking legal actions to protect Dukascopy brand name and reputation."
Hong Kong’s Securities and Futures Commission (SFC), the country’s paramount securities regulator, has issued a warning against, Dukes Copy LTD, a fraudulent clone posing as Dukascopy Bank, a provider of foreign 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 (FX) and contracts-for-difference (CFDs), according to an SFC manifest.
Don't miss your last chance to sign up for the FM London Summit. Register here!
The SFC routinely warns about such entities and scams operating in Hong Kong, one of the region’s paramount financial markets. Dukes Copy LTD is claiming an address of Unit A-E, 38/F, Central Plaza, 18 Harbour Road, Wan Chai, Hong Kong and is in no way affiliated with the multi-asset brokerage Dukascopy Bank.
Presently, the SFC’s comprehensive Alert List features the names of businesses that are unlicensed in Hong Kong and which are also believed to have targeted Hong Kong investors or made fraudulent claims to be associated with Hong Kong. The addition of Dukes Copy LTD. brings to light the group’s presence as an unlicensed financial entity that should be avoided.
In addition, the group also bears no ties to Sun Hung Kai 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 Limited, an SFC-licensed corporation, and the parent group of Sun Hung Kai Financial Limited. The clone uses a bank account in Hong Kong in the name of Duke Exchange Fund for settlement and its Hong Kong address belongs to a secretarial company.
The SFC warns customers against engaging in any activities or offers associated with Dukes Copy LTD. According to an official statement from Duksascopy, "We suspect this forex related investment offer can be a scam. We are currently taking legal actions to protect Dukascopy brand name and reputation."