Dukascopy Issues Warning Over Clone Website Attempting to Scam Investors


Switzerland’s renowned forex bank and broker, Dukascopy, has issued a stark warning to investors and the market at large regarding a fraudulent website attempting to impersonate its brand. The clone website, identified as duukascoppy.com, aims to deceive individuals into parting with their money under the guise of being associated with the legitimate financial institution.

Dukascopy has firmly stated that it has no connection with the aforementioned domain and strongly advises against any interaction with it. The brokerage, like many others in the FX industry, has been targeted by scammers before but emphasizes that it does not engage in cold calling or unsolicited invitations to invest.

In a public statement, Dukascopy alerted its clients and the broader community: “Please be aware that this website is not controlled and does not belong to Dukascopy Bank, Dukascopy Europe, Dukascopy Japan, or any other entity of the Dukascopy Group. Do not trust any information to be found on the website. Do not provide any personal data on this website. We are taking action against this fraudulent webpage.”

This warning comes amidst a growing trend of ‘clone firm’ investment scams, with the UK reporting over £78 million lost to such schemes. Fraudsters have been leveraging sophisticated tactics, including professional-looking websites and targeted social media campaigns, to lure investors into scams involving shares, bonds, foreign exchange, and cryptocurrencies.

Scammers have increasingly exploited the names and branding of legitimate, regulated companies, even going so far as to clone official websites. They contact potential victims under the guise of reputable firms, often using the names of real employees and creating legitimate-looking company email addresses with minor alterations to deceive even the most discerning investors.

The focus on Dukascopy’s cryptocurrency business by clone firm scammers highlights the heightened vulnerability of investors during the pandemic, driven by concerns over personal finance. In response, Dukascopy has been actively enhancing its cryptocurrency offerings, including facilitating deposits and withdrawals in digital currencies and free internal crypto transfers among users of its mobile banking services, as part of its strategy to provide secure and innovative financial solutions.

Author of this review

By George Rossi

Author of this review

I am a well-rounded financial services professional experienced in fundamental and technical analysis, global macroeconomic research, foreign exchange and commodity markets and an independent trader.

Now I am passionate about reviewing and comparing forex brokers.

Everything you find on BrokerTested is based on reliable data and unbiased information. We combine our 10+ years finance experience with readers feedback. Read more about our methodology

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