CySEC warns against the BD Swiss broker clone

Cypriot regulator CySEC issued a message today warning of Epox Trade. There is a high probability that we are dealing with a clone impersonating a legally operating broker - BD Swiss.

The BD Swiss clone was easy

Epoxtrade.com, i.e. the site that fraudsters use is fragments almost alive copied from BD Swiss. But this is not the end of suspicions. The unknown brand boasts that it serves over 700 thousands of customers from around the world. In addition, he states that he is an entity licensed by such regulators as FSC, NFA and Cypriot CySEC. However, it appears that he uses the same license numbers that are assigned to BD Swiss.

Certainly, it is not a coincidence that by going to selected tabs e.g. Contact or Partners the site automatically redirects us to the BD Swiss website, while when trying to register an account this does not happen.

"CySEC informs investors that epoxtrade.com does not belong to an entity that has a license to provide investment services. The above page contains the license number belonging to BDSwiss Holding Plc (199 / 13), which has been used illegally without proper authorization. "

The official CySEC message

Watch out for the "clone attack"

Scams on so-called clone is the bane of the Forex industry that has been around for several years. Criminals try to gain the trust of potential customers by impersonating legitimate companies in order to obtain their personal data, credit cards, and even take over their funds in the event that the account is "topped up".

If you want to set up an investment account with a new Forex broker, we recommend checking the company details, license numbers on the regulator's website and, above all, the website address of the website where the account is created. Recovery of funds paid into a clone company can be extremely difficult and in most cases practically impossible.