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Beware of the clone of the British broker ETX Capital
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Beware of the clone of the British broker ETX Capital

created Paweł MosionekJanuary 31 2019

The British financial regulator, the Financial Conduct Authority (FCA), has published a warning message against an entity called ETbrokers. Everything indicates that this is an attempt to fraud and impersonate the well-known and legally operating British broker ETX Capital.

Clone attacks do not diminish

In the case of ETbrokers, FCA does not provide details, but informs that it is a "clone of an unauthorized company", which is supposed to be ETX Capital, and the entity itself operates without the required permits and licenses.

Despite the fact that regulators are reacting faster and informing publicly about attempts to cheat by impersonating legally operating entities, such practices are still regularly observed. In the case of ETX Capital, we are already talking about at least the second such case in the last 12 months.


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The practice of cloning consists in reproducing on the website of cheats such elements as logo, page design, offer or part of it, and even the use of someone else's license number. The goal of cheaters is usually to try to mislead potential customers, to obtain data, and in extreme cases to accept a deposit that will never come back.

Data cheaters:

Official FCA message

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About the Author
Paweł Mosionek
An active trader on the Forex market since 2006. Editor of the Forex Nawigator portal and editor-in-chief and co-creator of the ForexClub.pl website. Speaker at the "Focus on Forex" conference at the Warsaw School of Economics, "NetVision" at the Gdańsk University of Technology and "Financial Intelligence" at the University of Gdańsk. Twice winner of "Junior Trader" - investment game for students organized by DM XTB. Addicted to travel, motorbikes and parachuting.