Clones of Darwinex Detected by the FCA

When a reputation is water tight, it can serve as a safeguard. This is why UK’s ever watching authority, the Financial Conduct Authority (FCA) have made investors in forex aware that the reputable forex body, Darwinex, have been cloned. The accused websites are: StockotradeFX, Ultimatecryptofx, and Tradevibefx.

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It is reported that the aforementioned websites have been found, illegally using the details of Darwinex on their own websites. These illegal bodies have chosen to deceive potential investors with information that are not theirs. In the report it was stated that:

“fraudsters usually use this tactic when contacting people out of the blue, so you should be especially wary if you had been cold called. They may use the name of the genuine firm, the ‘firm reference number’ (FRN) we have given the firm or other details”.

Each of the websites were found to have used this particular style when they tried to defraud individuals. A visit to www.tradevibefx.com, www.stockotradefx.com, and www.ultimatecryptofx.com, revealed that they had designed their websites like www.dwarniex.com

Also, each website featured the singular address and firm reference number (FRN) that belong to Tradeslide Trading Tech Limited, the parent company of legit forex trader Darwinex. There is a register available to the public that holds all the names of registered traders in the UK. Interested forex traders can check the Financial Services Register regulated by the UK FCA for the name of their potential brokerage to be certain.

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