Scam Alert: A Reported Clone Broker By FCA, KELLER FINANCE

A clone forex broker is a brokerage firm that is a copy or imitation of an existing, reputable brokerage firm. The clone broker operates under a similar name and often uses the same branding as the original brokerage, but it may not be affiliated with the original firm in any way. Clone brokers are often used to defraud investors by convincing them that they are dealing with the original, reputable brokerage when in fact they are not. It is important for investors to be careful and do their due diligence when dealing with any broker, to ensure that they are dealing with a legitimate and reputable firm.

Another way to defraud investors

Clone brokers can sometimes be used as part of a scam to defraud investors. They may be set up by scam artists who seek to impersonate a reputable brokerage firm in order to trick investors into believing that they are dealing with a legitimate business. The clone broker may use the same branding and name as the original brokerage, and may even have a similar website, in order to further deceive investors. If an investor deposits funds with a clone broker, they may be at risk of losing their money, as the clone broker may be operating illegally and may not have the proper regulatory oversight or safeguards in place to protect the investor's funds. It is important for investors to be vigilant and to carefully research any brokerage firm before investing with them, in order to avoid falling victim to a scam.

An example of a reported cloned firm of an authorized FCA is “Keller Finance”.

An overview of Keller Finance

According to their website, KELLER FINANCE LIMITED conceives that having knowledge regarding the organization in which you are going to make an investment is equally significant for both the investor as well as the organization. That‘s the reason why we urge you to have a look at this segment of our website. In this part you will obtain everything you require to acknowledge KELLER FINANCE LIMITED, what’s our reality, and the way we function. You will be accessible to our policies and limitations, secrecy clauses, and Risk exposure.

According to FCA

This firm has no authority to do financial business or investment kind of business as they were tagged as a clone broker of an authorized FCA firm.

WikiFX has been monitoring all fraud cases to help the victims to stop the illegal operations of this kind of fraudster. WikiFX can the capability to take legal actions as quickly as possible with the help of major financial regulators across the globe.

A final word is to aware the others

Clone or unauthorizedforex brokers are often scams that are designed to trick people into depositing money with them, only to have those funds disappear or be used for nefarious purposes. It is important to be cautious and do your due diligence when choosing a forex broker. Make sure to research the company and verify its credentials before investing any money. It is also a good idea to stick with well-known and reputable brokers that have a proven track record of honesty and reliability.

Stay tuned for more scam-alert news.

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