A press release has been made public about the counterfeit firm that impersonates Exness under the name of ExnessFXCapital.

Although the proliferation of fraudulent websites that look like the websites of reputable financial institutions is nothing new, regulators never give up on addressing the widespread trend.

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UK Financial Conduct Authority recently released a warning regarding the fraud committed by a counterfeit company, namely ExnessFXCapital, over its illegal conduct of drawing investment as the long-standing broker "Exness." Taking the benefits of Exness' position as a prime company that hosts nearly $2.8 trillion in monthly turnover, this fake firm operated through the domain https://exnessfxcapital.com/, expecting illegal transactions in forex and ECN trading with the victims.

The cloned website is one trick fraudsters in the financial services industry increasingly use to rob victims. A legitimate website is copied or "cloned." The goal is to steal victims' money, credit card information, or login credentials. The website copy can be incredibly accurate or just a rough approximation with some copied logos.

Being like two peas in a pod, these companies may be considered interchangeable due to similar logos or even names: Exness and ExnessFXCapital. The victims might be allured by paid-for-adverts. It would be more convincing when they acquired information that in order to run a CFDs brokerage business, Exness acquired its regulated UK license, an IFPRU €730K firm, in 2016.

See Also: Exness Review

However, the authorities actively monitored the potential scams and released alerts through search engines and social media networks. As a result, such a fake company was possible to be removed from any network promptly. However, being the other side of the coin, the customers should also be aware of the tricks.

The FCA warns consumers, "fraudsters usually use this tactic when contacting people out of the blue, so you should be especially wary if you have been cold-called."