Beware of Spreadex clone! FCA warns investors of deceptive site sspreadex.com, mimicking the renowned investment firm. Stay vigilant against scams.

Spreadex

Beware of broker scam! The Financial Conduct Authority (FCA) in the UK has raised an alarm about a clone website attempting to deceive retail investors, posing as the well-known investment firm Spreadex.

The rogue firm operates under the website sspreadex.com, exploiting a minor deviation from Spreadex's legitimate site. Investors mistakenly adding an extra "s" (sspreadex.com instead of spreadex.com) are redirected to the fraudulent clone, which aims to collect sensitive data.

The FCA further cautions against emails from the spreeadex@spreeadex.com mailbox, mimicking the legitimate broker's address but featuring typos. These fraudulent firms target individuals seeking online investment opportunities, inducing them to provide personal information through deceptive forms.

Initially offering small returns to establish credibility, these clones cease payouts once larger investments are made, resulting in substantial financial losses for victims. The FCA has observed an increasing trend of clone firms emulating authorized financial entities, prompting regulatory warnings.

This forex broker Spreadex news shows that investors need to be aware and vigilant of the scheme involving the cloning of the Spreadex website to avoid falling victim to deceptive practices.

To safeguard against such scams, investors are advised to verify the authorization status of firms and consult regulator warnings, as the FCA maintains an alert list with the names of identified clone firms.