DUKASCOPY Issues Alert Regarding Fraudulent Clone

Dukascopy Bank SA has issued a warning regarding a counterfeit clone of their website. The fake entity uses the domain https://apps.xfenfa.cn/WG6r to conduct its operations.

Let us remember that clones are companies that use the credentials (address, name, logo, etc.) of legitimate firms to attract victims and scam them more easily. The clone entities, in reality, have nothing to do with the approved entities.

The fake app is not owned by Dukascopy Bank, Dukascopy Europe, Dukascopy Japan, or any other business of the Dukascopy Group, according to Dukascopy.

The general public is cautioned not to rely on any information obtained via the app https://apps.xfenfa.cn/WG6r. Provide no personal information to this application.

According to Dukascopy, it is taking action against this bogus software.

This is not the first time that Dukascopy has been attacked by clone outfits. In November 2022, for example, Dukascopy issued a warning about a fake clone of their website running on the URL https://dukascopyd.swisbank.vip/c.

In October 2022, Dukascopy issued a warning about a bogus corporation called Dukascopy Bank SA of Kazakhstan LLC, which is located and operates in Kazakhstan. The clone appears to operate on behalf of Dukascopy Bank as a member of its group, but it is not controlled or owned by Dukascopy Bank, Dukascopy Europe, Dukascopy Japan, or any other entity of the Dukascopy Group.

Final words

Cloned forex brokers are fraudulent businesses that imitate a reputable broker's logo and website in order to dupe prospective customers into depositing monies with them. They may also utilize the actual broker's name and regulatory information to create the illusion of being regulated and trustworthy. Before depositing money, it is important to be careful when contemplating a new broker and to properly study and check their regulatory status. Furthermore, it is critical to exercise care when responding to unsolicited offers or promotions from unfamiliar persons or firms, since these may be efforts to collect cash by cloned brokers.

Keep an eye out for more Forex scam news.

Install the WikiFX App on your smartphone to keep up to speed on current events.

Link to download: https://www.wikifx.com/en/download.html