Dukascopy Warns on Two Fraudulent Website Clones

Dukascopy Bank SA, a Switzerland-based financial services provider, has issued on Monday a warning about a couple of fraudulent websites that are cloning the original one. According to the press release, the domains www.dukascopys.com and wap.dukasap.com do not belong to the firm and are fraudulent.

Furthermore, Dukascopy stated that both sites’ information is purportedly to be a scam. That said, the financial services provider warned: “Please be aware that these websites are not controlled and do not belong to Dukascopy Bank, Dukascopy Japan or any other entity of Dukascopy Group.”

Also, the Swiss firm cautions people not to provide their information whatsoever on these clone sites. “Do not trust any information to be found on the websites www.dukascopys.com and wap.dukasap.com. These websites and all information provided on their webpages is a SCAM. Do not provide any personal data on these websites”, Dukascopy Bank noted.

Additionally, the announcement notes that the Swiss company is 'taking action' against these fraudulent websites. However, as of press time, both clone sites are working and remain online, and it seems that they are connected with the same operators because it uses a bogus 'Dukascopy-TI' logo.

A Common Practice among Fraudsters

Fraudsters often rely on copying information from the original websites of Forex Forex Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Read this Term brokers, financial watchdogs, or banking institutions to create scam schemes. For example, the Cyprus Securities and Exchange Commission (CySEC CySEC The Cyprus Securities and Exchange Commission (CySEC) is a financial regulatory authority of Cyprus. CySEC is one of the key watchdog authorities for brokerages in Europe, whose financial regulations and operations comply with the European MiFID financial harmonization law.Founded in 2001, CySEC is instrumental in providing licensing and registration for forex brokers and previously binary options providers.CySEC is responsible for a variety of different functions, which includes the supervision The Cyprus Securities and Exchange Commission (CySEC) is a financial regulatory authority of Cyprus. CySEC is one of the key watchdog authorities for brokerages in Europe, whose financial regulations and operations comply with the European MiFID financial harmonization law.Founded in 2001, CySEC is instrumental in providing licensing and registration for forex brokers and previously binary options providers.CySEC is responsible for a variety of different functions, which includes the supervision Read this Term) was recently impersonated by a fake India-based website that copied all the content illegally. “This website is a scam and not associated with CySEC. Another distinction is that all the announcements on the website that illegally copies that of CySEC are only until October 2020. The real CySEC website has announcements up until this month, August 2021,” the Cypriot watchdog warned at that time.

Early this year, Finance Magnates reported that OctaFX broker spotted several fraudulent schemes imitating their brand and are even trying to extract money from their customers 'through deception'.