FCA warns of Darwinex forex clone

The fraudsters claim they are the FCA-regulated Darwinex forex firm, scamming the consumer under three fake websites.

July 31, 2019 | AtoZ Markets -The British Financial Conduct Authority has published a warning of a Darwinex forex clone.

The regulated forex Tradeslide Trading Tech Limited –Darwinex- was cloned under the names of StockotradeFX, Ultimatecryptofx, and Tradevibefx, as the watchdog detailed on July 30.

Selling its unauthorised services to the clientele under the three websites of “www.tradevibefx.com, www.ultimatecryptofx.com, www.stockotradefx.com”, the regulator confirmed that the scam company has no license, detailing that the FCA-regulated forex firm “Tradeslide Trading Tech Limited –Darwinex”, operating under the firm number 586466, has no association with the counterfeit company or any of its affiliates.


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The FCA also warned of scam bitcoin emails

The British financial watchdog always emphasises in its warnings that “you to only deal with financial firms that are authorised by us, and check the Financial Services Register to ensure they are. It has information on firms and individuals that are, or have been, regulated by us.

If a firm does not appear on the Register but claims it does, contact our Consumer Helpline on 0800 111 6768.”

In a connected news, the FCA shed light on one of the biggest scam campaign the financial market witnessed recently, where the regulator warned of fraudulent bitcoin trading emails targeting the public under the regulator’s seal.

AtoZ Markets reported last week that Dominic Thomas, the founder of the London-based independent financial advisory, tweeted, tagging the FCA in his post, that he had received five emails promoting for bitcoin sales under the regulator’s name, suspecting that those emails were carrying viruses.

It is worth mentioning that fraudsters usually resort to copy the details of an authorised company as the latter shows on its website, including the reference number, logo, address and contact details, while in fact they operate from other locations in most cases, as investigations regulators carried demonstrated.

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