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Clone Broker
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Retail FX
UK FCA Warns against Clone of FX Broker Axi
AxiCorp owns both Axi and One Financial Markets.
The FCA clamped down on a number of clone companies in 2022.
Thursday, 02/02/2023 | 15:11 GMT
by
Solomon Oladipupo
Brokers
UK FCA Issues Warning on Auxi Market
The broker is targeting people in the UK without authorization.
The firm claims to be regulated by the FCA.
Friday, 13/05/2022 | 17:27 GMT
by
Felipe Erazo
Institutional FX
UK FCA Warns on Trading Firm Etradefxlive
The firm is allegedly impersonating E*TRADE.
The company is not authorized by the FCA to target people in the UK.
Tuesday, 05/04/2022 | 21:13 GMT
by
Felipe Erazo
CryptoCurrency
UK FCA Warns on Clone Firm AZOptions
The clone firm is allegedly using legit details from Octopus Investment Limited.
AZOptions is not regulated in the United Kingdom.
Thursday, 31/03/2022 | 19:43 GMT
by
Felipe Erazo
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Regulation
UK Consumers Lost £78 Million in Clone Firm Investment Scams
The FCA mentioned that the consumers lost £45,242 each on average in fraudulent clone firms.
Wednesday, 27/01/2021 | 10:49 GMT
by
Bilal Jafar
Regulation
Securities Commission of Malaysia: Clone Scams are on The Rise
A number of licensed entities have lodged reports claiming their identities have been cloned.
Friday, 29/05/2020 | 12:29 GMT
by
Celeste Skinner
Regulation
FCA Remains Vigilant, Warns Against Clone Firm Goldmans Banc
The regulator states that Goldmans Banc is a clone firm of GMB Portfolio Services Limited.
Monday, 10/02/2020 | 12:07 GMT
by
Celeste Skinner
Regulation
FCA Flags Capital International Management Company
The British regulator warned that the entity is a clone firm of an authorized EEA firm.
Friday, 31/01/2020 | 11:04 GMT
by
Celeste Skinner
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Brokers
Dukascopy Bank Denies Any Ties to Unitrade Enterprises
UNITRADE ENTERPRISES is fraudulently using Dukascopy's name for attracting clients, without the group's permission.
Friday, 13/12/2019 | 20:13 GMT
by
Aziz Abdel-Qader
Regulation
FCA Spots BNP Paribas Clone, As Scams Continue to Rise
According to the warning, the entity has copied the name and some of the details of the legitimate company.
Friday, 27/09/2019 | 11:37 GMT
by
Celeste Skinner
Regulation
AFCA Receives Complaints Against Forex Financial Services
Consumers complained that an entity by the name of Forex Financial Services has been withholding funds.
Friday, 16/08/2019 | 08:05 GMT
by
Celeste Skinner
Brokers
ASIC Adds 5 Unauthorized FX & Crypto Firms to its Blacklist
The regulator suspects that the entities may be involved in some kind of scam.
Friday, 02/08/2019 | 09:10 GMT
by
Celeste Skinner
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Regulation
FCA Uncovers Clone Firms Targeting Online Broker Darwinex
The clone firms have copied Darwinex's website design and FCA Firm Reference Number.
Wednesday, 31/07/2019 | 05:55 GMT
by
Celeste Skinner
Regulation
M.Success FX is Not Associated with Equiti UK, FCA Warns
The clone firm claims that Equiti Capital UK is part of the “mace group”.
Thursday, 27/06/2019 | 09:23 GMT
by
Celeste Skinner
Brokers
Another Clone Firm is Flagged by CySEC, Smartoptionfx
The entity claims to be operating under B.O. Tradefinancials Ltd’s licence, which hasn’t been active since 2018.
Friday, 21/06/2019 | 07:18 GMT
by
Celeste Skinner
Brokers
Tickmill, FINSA Europe are Latest Targets for Clone FX Scammers
The regulator notes that a fake email address is being used by the FINSA copycat, as well as its reference number.
Monday, 20/05/2019 | 16:30 GMT
by
Aziz Abdel-Qader
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Brokers
Dukascopy Bank Denies Any Ties to Clone Firm GCG Asia
Dukascopy confirmed that it has no association whatsoever with this website and advised everyone to avoid it entirely.
Tuesday, 14/05/2019 | 15:02 GMT
by
Aziz Abdel-Qader
Regulation
Beware of Sucden Financial Limited Clone Firm, FCA Warns
An entity by the name of Sucdens Financial/Sucden Financial is claiming to be associated with the London Broker.
Tuesday, 19/03/2019 | 10:47 GMT
by
Celeste Skinner
Regulation
New Zealand’s FMA: Be Wary of Credit Capital International
The entity appears to be a clone firm of a legitimate New Zealand registered company.
Thursday, 07/03/2019 | 07:28 GMT
by
Celeste Skinner
Regulation
FCA Alerts Public of OLZ Wealth Management Clone
The clone has no association whatsoever with the asset manager and is thus involved in fraudulent activity.
Friday, 22/02/2019 | 19:34 GMT
by
Aziz Abdel-Qader
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Regulation
Another Clone Surfaces, FCA Flags SpectraFX Investment Team
SpectraFX Investment Team is falsely claiming to be associated with FCA-authorised firm Spectra FX Solutions LLP.
Friday, 15/02/2019 | 13:16 GMT
by
Celeste Skinner
Regulation
FCA Catches Another ETX Capital Clone Firm, ETbrokers
This is at least the second clone firm of ETX Capital the regulator has warned against in under a year.
Monday, 28/01/2019 | 14:59 GMT
by
Celeste Skinner
Brokers
FCA Alerts Public of Vanguard Clone and Unlicensed FX Broker
The clone has no association whatsoever with the asset manager and is thus involved in fraudulent activity, the watchdog said.
Thursday, 17/01/2019 | 20:19 GMT
by
Aziz Abdel-Qader
Regulation
Caught Red Handed: CySEC Warns of BDSwiss Clone Firms
Capital Swiss FX and EXPERT FX TRADE fraudulently copied details from BDSwiss, including website design.
Tuesday, 08/01/2019 | 14:56 GMT
by
Celeste Skinner
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Brokers
Another Clone Comes Up, FCA Warns of Fake Leleux Brokers
The FCA tells consumers that fraudsters usually use their scam tactic when contacting people out of the blue.
Thursday, 03/01/2019 | 18:52 GMT
by
Aziz Abdel-Qader
Next
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