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Clone
Europe's Economic Crossroads: Recession Fears and S&P Global's
Education Center
Will Blockchain Technology Mark a Turning Point in Fraud
Education Center
7 Things We Wish Someone Had Told Us Before We Started Trading
Education Center
Investing in US Securities? Something is Stalking You …
Thought Leadership
Europe's Economic Crossroads: Recession Fears and S&P Global's
Education Center
Will Blockchain Technology Mark a Turning Point in Fraud
Education Center
7 Things We Wish Someone Had Told Us Before We Started Trading
Education Center
Investing in US Securities? Something is Stalking You …
Thought Leadership
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CryptoCurrency
Watch Out for This Popular Crypto Exchange Clone
A scam company is again impersonating Coinbase, this time in the UK.
Be wary of emails and phone calls from people posing as platform representatives.
Monday, 12/02/2024 | 10:41 GMT
by
Damian Chmiel
Retail FX
New Zealand's Fraud Victims Tricked by the Fake UK's FCA Financial Emails
FMA cautions against fraudsters impersonating the UK's FCA.
They offer alleged assistance in recovering funds lost in previous scams.
Tuesday, 30/01/2024 | 08:50 GMT
by
Damian Chmiel
Retail FX
Admiral Markets (Once Again) Impersonated by Fraudulent Clone, FCA Reports
The clone impersonated Admirals trading brand using false details to deceive investors.
Clone firms pose serious risks, including fraud and unregulated operations.
Thursday, 04/01/2024 | 10:01 GMT
by
Damian Chmiel
Retail FX
XTB Clone Scam: FCA Issues Urgent Investor Warning
The regulator issues alert on unauthorized XTB clone scamming investors.
"XTB Trading World" is not associated with the original brand in any way.
Thursday, 28/12/2023 | 13:10 GMT
by
Damian Chmiel
Retail FX
FCA Identifies Clone Firms Imitating Hargreaves Lansdown and Westpac
Clone firms impersonate popular financial brands in the UK.
This time, the FCA warns against clones of a popular bank and trading company.
Wednesday, 27/12/2023 | 16:06 GMT
by
Damian Chmiel
Retail FX
Beware the Clone: UK Watchdog Flags Fake Spreadex Site
Scammers use a domain name strikingly similar to spreadex.com.
Clone firms trick investors with false promises, leading to financial losses.
Friday, 22/12/2023 | 12:21 GMT
by
Damian Chmiel
Retail FX
eToro Impersonation Scam: FCA Issues Warning on Clone Firm Deception
The FCA recommends individuals to verify financial service providers' credentials and cross-check information.
Earlier, the CNMV issued a warning against a clone firm impersonating eToro.
Monday, 20/11/2023 | 10:16 GMT
by
Tareq Sikder
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Retail FX
Clone Firm Impersonates Legitimate IG Markets: FCA Warning
Last week, the FCA revealed that a total of 54 entities were issued warnings.
If approached by an unauthorized or clone firm, individuals are urged to reach out to the FCA.
Monday, 13/11/2023 | 13:00 GMT
by
Tareq Sikder
Retail FX
eToro Clone among Eight Entities Flagged by CNMV
The Spanish market watchdog updates its warning list.
One of the entities has a name very similar to eToro.
Monday, 13/11/2023 | 10:29 GMT
by
Damian Chmiel
Retail FX
Santander’s Shadowy Twin Triggers FCA Warning
The British regulator warns against impersonating the popular bank.
This month is another warning from the FCA about a clone firm.
Wednesday, 08/11/2023 | 10:48 GMT
by
Damian Chmiel
Retail FX
FCA Issues Warning against Saxo Bank Impersonators
Clone firms imitate authorized entities to deceive people.
According to the regulator, there is an alarming surge in clone scammers.
Wednesday, 01/11/2023 | 13:44 GMT
by
Jared Kirui
Retail FX
Bitpanda’s Evil Twin: How Clones Are Undermining Trust in Crypto Exchanges
Bitpanda became another victim of fraudulent clone activity.
Spanish CNMV urges retail traders to exercise extreme caution.
Monday, 02/10/2023 | 11:24 GMT
by
Damian Chmiel
Retail FX
Beware the Doppelganger: UK FCA Exposes Fake BUX Trading Platform
FCA has warned against Trader BUX Markets.
As it turns out, it is the second clone of BUX in the UK within the last 12 months.
Tuesday, 19/09/2023 | 08:21 GMT
by
Damian Chmiel
Retail FX
News Nuggets | 16 August: eToro Partners with Reflexivity; BaFin Exposes Fortex Clone
Also, Brokeree adds new languages to the Social Trading app; Cboe fines Goldman Sachs.
Read today's FX/CFDs, crypto and fintech sectors' dynamic news.
Wednesday, 16/08/2023 | 10:58 GMT
by
Finance Magnates Staff
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Retail FX
Clone Scams Are Killing It on Social Media
The first of the two-part series discusses the menace of rampant financial scams on social platforms.
"Clones are like mushrooms. You take down one, and ten more will take its place," an industry insider.
Thursday, 03/08/2023 | 08:51 GMT
by
Arnab Shome
Retail FX
Scam Website Adopts FinCom's Trademarks to Defraud the Public
The fraudulent website illegally copied the details of some of FinCom's members.
It fraudulently names Finance Magnates as a partner.
Thursday, 03/08/2023 | 08:09 GMT
by
Arnab Shome
Retail FX
Consob Blocks Access to Clone Sites of E*TRADE and ActivTrades
The number of clones has increased significantly in 2023.
Last week, CySEC and the FCA also warned against clone companies.
Thursday, 29/06/2023 | 09:08 GMT
by
Damian Chmiel
Retail FX
CySEC Warns against OANDA TMS Clone Website
The Cypriot regulator published a new list of warnings today.
Among nine illegal entities was an OANDA TMS clone.
Thursday, 22/06/2023 | 09:09 GMT
by
Damian Chmiel
Retail FX
FCA Warns against eToro Clone Misusing License Number
The warning was issued against ExpoToro and TraToro.
This has been another clone of a popular social trading platform in recent years.
Wednesday, 21/06/2023 | 12:05 GMT
by
Damian Chmiel
Retail FX
Nadex Clone and Three Other Sites Blocked by Consob
None of these platforms is authorized to operate in Italy or any other EU country.
Consob blocked almost 900 websites in the last three years.
Friday, 26/05/2023 | 08:25 GMT
by
Damian Chmiel
Retail FX
Rakuten Securities Hong Kong Warns Investors of Fraudulent Impersonators
Fraudulent actors are impersonating Rakuten Securities HK.
The number of clone companies increased in 2022 and the beginning of 2023.
Monday, 06/03/2023 | 11:53 GMT
by
Damian Chmiel
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Retail FX
FSMA Warns against Webull Clone and 20 Other Unlicensed Platforms
According to Belgium's FSMA, listed platforms may extort money from investors.
A Clone of the WeBull trading brand is one of them.
Thursday, 23/02/2023 | 10:47 GMT
by
Damian Chmiel
Retail FX
CySEC Warns against Licensed Broker Clone
IMS Crypto uses the CIF license number of IMS Markets.
The latter is CySEC's authorized investment firm, the first is just a clone.
Thursday, 09/02/2023 | 13:41 GMT
by
Damian Chmiel
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
Retail FX
FSMA Warns against Clone of CoinDesk and 30 Fraudulent Trading Platforms
A clone of CoinDesk was among 30 other fraudulent trading platforms flagged by the FSMA.
According to the Belgian market watchdog, financial scams are rising significantly.
Wednesday, 23/11/2022 | 12:30 GMT
by
Damian Chmiel
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