Dukascopy denies any ties to dukascopys.com and wap.dukasap.com domains

abdelaziz Fathi

Switzerland’s forex bank and broker, Dukascopy, today warned against two fraudulent websites that have been falsely claiming affiliation with its ‎authorized brand.‎ The clone entities, operating through www.dukascopys.com and wap.dukasap.com, prompted action from the regulated company.

Dukascopy confirmed that it has no association whatsoever with ‎the aforementioned domains and advised everyone to avoid it entirely.‎

The company added that dukas-broker is fraudulently using Dukascopy’s name and logo for attracting clients/investors.

“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 are SCAM. Do not provide any personal data on these websites,” Dukascopy said.

The forex bank stated that it’s taking actions against this dishonest organization.

The fraudulent brand is indeed attempting to mislead investors into ‎thinking that it is offering ‎a ‎‎legal product by using the ‎details of an authorized firm operating under a similar name.‎ However, investors should be aware that the original company is not available to help in recovering funds if the unauthorized entity defrauds them.

Dukascopy’s cryptocurrency business was a major focus for clone firm scams as the pandemic has made people more susceptible due to concerns about personal finances. The company has been taking steps towards strengthening its cryptocurrency offering, including allowing clients to deposit and withdraw funds in digital coins, as well as enabling free internal crypto-transfers between users of mobile banking.

Dukascopy is an established forex bank and broker. Recently, the company has been a target of sophisticated tactics that mirror the genuine brokerage firm’s website. Last year, it warned clients to be extra vigilant to a fraudulent brand called ‘Unitrade Enterprises Limited.’

Unitrade Enterprises was a shady business that spans different sectors ranging from asset management to cryptocurrency trading. According to its website, it was established in 2003 and employs over 200 personnel while enjoying a company capitalization of $65 million.

What made the Geneva-based broker deeply outraged was a statement on Unitrade Enterprises’s website saying that all their clients’ transactions are made through Dukascopy Bank.

Scammers are becoming ever more sophisticated, targeting potential victims with professional looking websites. The most commonly reported thefts involved investments in forex, stocks, bonds, and cryptocurrencies.

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