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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
A Global Vision with a Local Impact: Octa Broker Helped
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
A Global Vision with a Local Impact: Octa Broker Helped
Thought Leadership
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Clone
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Regulation
Warning: Clone Broker Targets Investors with Fake CySEC and FSCA Licenses
2024-12-03T09:18:28.954+02:00
The New Zealand FMA has warned about Mic-Market, which falsely claims to be registered in multiple jurisdictions.
As Finance Magnates learned, the company cloned the licensed Cypriot broker Colmex's website and credentials.
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Regulation
Beware of New Clones of These Three Popular FX/CFD Brokers
2024-09-09T11:43:00.282+02:00
Spanish CNMV updates its warning list with copycats of AvaTrade, LCG, and JFD.
Despite the intense efforts of regulators and companies, the issue of clones seems unsolvable.
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Regulation
XTB Website Cloned by Scammers, The UK Financial Regulator Warns
2024-08-13T10:03:16.230+02:00
FCA issued a warning about the impersonation of XTB Limited in the UK.
Fraudsters' site looks nearly identical to the official page of the Polish fintech.
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Regulation
This Regulator Warns against Clones of Two Popular Retail Trading Brands
2024-07-08T12:59:47.038+02:00
Spanish CNMV updates the warning list with 10 new entities.
Clones of IG Group and StoneX are among those flagged.
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Retail FX
BaFin Unveils Unauthorized Financial Services: A Clone of Pepperstone
2024-05-22T11:37:45.924+02:00
The regulator warns against pepperstone.vip's unauthorized financial services posing as Pepperstone GmbH.
Previously, the FCA warned of a clone firm falsely claiming affiliation with Pepperstone.
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Retail FX
Belgian Regulator Alerts on Clones of Two Popular Trading Brands
2024-05-17T10:32:20.762+02:00
FSMA has warned against nearly 40 potentially fraudulent entities.
The list includes clones of BNP Paribas and CMC Markets.
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CryptoCurrency
Watch Out for This Popular Crypto Exchange Clone
2024-02-12T12:41:49.410+02:00
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.
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Retail FX
New Zealand's Fraud Victims Tricked by the Fake UK's FCA Financial Emails
2024-01-30T10:50:09.065+02:00
FMA cautions against fraudsters impersonating the UK's FCA.
They offer alleged assistance in recovering funds lost in previous scams.
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Retail FX
Admiral Markets (Once Again) Impersonated by Fraudulent Clone, FCA Reports
2024-01-04T12:01:32.397+02:00
The clone impersonated Admirals trading brand using false details to deceive investors.
Clone firms pose serious risks, including fraud and unregulated operations.
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Retail FX
XTB Clone Scam: FCA Issues Urgent Investor Warning
2023-12-28T15:10:52.501+02:00
The regulator issues alert on unauthorized XTB clone scamming investors.
"XTB Trading World" is not associated with the original brand in any way.
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Retail FX
FCA Identifies Clone Firms Imitating Hargreaves Lansdown and Westpac
2023-12-27T18:06:29.894+02:00
Clone firms impersonate popular financial brands in the UK.
This time, the FCA warns against clones of a popular bank and trading company.
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Retail FX
Beware the Clone: UK Watchdog Flags Fake Spreadex Site
2023-12-22T14:21:45.677+02:00
Scammers use a domain name strikingly similar to spreadex.com.
Clone firms trick investors with false promises, leading to financial losses.
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Retail FX
eToro Impersonation Scam: FCA Issues Warning on Clone Firm Deception
2023-11-20T12:16:32.491+02:00
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.
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Retail FX
Clone Firm Impersonates Legitimate IG Markets: FCA Warning
2023-11-13T15:00:50.554+02:00
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.
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Retail FX
eToro Clone among Eight Entities Flagged by CNMV
2023-11-13T12:29:58.258+02:00
The Spanish market watchdog updates its warning list.
One of the entities has a name very similar to eToro.
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Retail FX
Santander’s Shadowy Twin Triggers FCA Warning
2023-11-08T12:48:57.210+02:00
The British regulator warns against impersonating the popular bank.
This month is another warning from the FCA about a clone firm.
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Retail FX
FCA Issues Warning against Saxo Bank Impersonators
2023-11-01T15:44:21.923+02:00
Clone firms imitate authorized entities to deceive people.
According to the regulator, there is an alarming surge in clone scammers.
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Retail FX
Bitpanda’s Evil Twin: How Clones Are Undermining Trust in Crypto Exchanges
2023-10-02T13:24:58.199+02:00
Bitpanda became another victim of fraudulent clone activity.
Spanish CNMV urges retail traders to exercise extreme caution.
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Retail FX
Beware the Doppelganger: UK FCA Exposes Fake BUX Trading Platform
2023-09-19T10:21:35.680+02:00
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.
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Retail FX
News Nuggets | 16 August: eToro Partners with Reflexivity; BaFin Exposes Fortex Clone
2023-08-16T12:58:52.129+02:00
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.
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Retail FX
Clone Scams Are Killing It on Social Media
2023-08-03T10:51:58.824+02:00
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.
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Retail FX
Scam Website Adopts FinCom's Trademarks to Defraud the Public
2023-08-03T10:09:36.088+02:00
The fraudulent website illegally copied the details of some of FinCom's members.
It fraudulently names Finance Magnates as a partner.
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Retail FX
Consob Blocks Access to Clone Sites of E*TRADE and ActivTrades
2023-06-29T11:08:14.544+02:00
The number of clones has increased significantly in 2023.
Last week, CySEC and the FCA also warned against clone companies.
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Retail FX
CySEC Warns against OANDA TMS Clone Website
2023-06-22T11:09:50.575+02:00
The Cypriot regulator published a new list of warnings today.
Among nine illegal entities was an OANDA TMS clone.
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Retail FX
FCA Warns against eToro Clone Misusing License Number
2023-06-21T14:05:47.787+02:00
The warning was issued against ExpoToro and TraToro.
This has been another clone of a popular social trading platform in recent years.
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