Broker impersonation scams: what did they look like?

Fake broker websites and apps clone real brands, complete with stolen licences and logos. The victims describe the same pattern: professional-looking site, fast support, impossible withdrawals.

Broker impersonation scams: what did they look like? — support and resistance diagram
Price bouncing between support and resistance

Share your encounter:

  • how you were approached
  • the red flags you saw (or missed)
  • how you confirmed it was fake
Broker impersonation scams: what did they look like? — risk-reward diagram
A risk-reward ratio of 1 to 2

The scam guide and regulation check cover the defences.

Background: How to check whether a forex broker is regulated

A licence number on a website proves nothing until you have checked it yourself. A step-by-step check using regulators' own registers, and the tricks clone firms use.

How do I know if a forex broker is legit?

Find the exact company name and licence number in the broker's legal documents, then search the regulator's own register. Check that the company is authorised, that its listed websites match the one you are using, and that it isn't on a warning list.

What is a clone firm?

A fraudulent operation that copies the name, register number or website of a genuine authorised firm to trick people into sending money. Contact the firm only through the details shown on the regulator's register.

Read the full guide

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