MFSA Warns of Digital Market Mining Scam: Alchemy Markets Clone

WikiFX | 2025-07-22 16:18

Abstract：The MFSA warns that Digital Market Mining is a fraudulent clone of Alchemy Markets Ltd. Learn how to identify financial scams and protect your investments.

MFSA Warns of Digital Market Mining Scam Alchemy Markets Clone.jpg

Digital Market Mining Scam: How to Protect Yourself

The Malta Financial Services Authority (MFSA) has issued a warning regarding a new scam operation using the name “Digital Market Mining.” Fraudsters have created a fraudulent website at digitalmarketmining.com, which closely mimics the online presence of the legitimate financial services firm Alchemy Markets Ltd. This deceptive entity is attempting to trick the public into financial transactions by exploiting the details of a licensed company.

The MFSA has confirmed that Digital Market Mining is not a registered entity in Malta and is not authorized to provide any financial services within or outside the country. This site is merely a clone company, designed to impersonate Alchemy Markets Ltd, a fully licensed and regulated firm in Malta. The public is strongly advised to avoid engaging with this fake company and to refrain from any dealings with the website.

MFSA licenses 194 company service providers - Newsbook

How to Identify an Investment Scam

The MFSA emphasizes the importance of verifying the legitimacy of any company before entering into financial transactions. Many scams, like the Alchemy Markets Ltd fraud, use cloned websites to confuse and deceive unsuspecting investors. To ensure that a company is authorized, always check the official Malta Financial Services Register, which lists entities licensed by the MFSA. You can view this list on the MFSA's official site at mfsa.mt/financial-services-register.

If you suspect that you are dealing with a fraudulent entity or have already fallen victim to a scam, stop all transactions immediately. Contact the MFSA as soon as you suspect something is wrong. More information on how to recognize financial services scams is available through the MFSAs Scam Detection Guidelines at mfsa.mt/consumers/scams-warnings/typical-scams/.

The MFSA urges everyone to remain vigilant and protect themselves from financial fraud by always confirming the legitimacy of a company through official channels.

About the MFSA

The Malta Financial Services Authority is the single regulator for financial services in Malta. Its primary responsibility is to regulate the financial services industry, ensuring market integrity, consumer protection, and the stability of the financial system.

You may check out Alchemy Markets' broker page for more details: https://www.wikifx.com/en/dealer/2511280967.html

Forex news Market News

Related broker

Regulated

Alchemy Markets

Company name：Alchemy International Ltd

Score

6.02

Website：https://www.alchemymarkets.com/

5-10 years | Regulated in Malta | Regulated in Seychelles | Market Maker (MM)

Score

6.02

Never Heard of Dynasty Trade? Here's Why You Should Be Worried

Have you heard this name before? No , it’s time you do because staying unaware could cost you. This platform is currently active in the forex trading and has been linked to several suspicious activities. Even if you’ve never dealt with it directly, there’s a chance it could reach out to you through ads, calls, messages, or social media. That’s why it’s important to know the red flags in advance.

Original 2025-07-25 19:50

WEEKLY SCAM BROKERS LIST IS OUT! Check it now

If you missed this week's fraud brokers list and are finding it difficult to track them one by one — don’t worry! We’ve brought together all the scam brokers you need to avoid, all in one place. Check this list now to stay alert and protect yourself from fraudulent brokers.

Original 2025-07-25 18:42

Catch the Latest Update on BotBro & Lavish Chaudhary

BotBro, an AI-based trading platform, became popular in India in 2024—but for negative reasons. Its founder, Lavish Chaudhary, who gained a huge following by promoting it heavily on social media. Since then, he has become well-known, but for many controversies. Let’s know the latest update about Botbro & Lavish Chaudhary.

Original 2025-07-25 18:28

Trading Other People’s Money | What Prop Firms Don’t Tell You

Proprietary (prop) trading firms have become increasingly popular. They give traders the chance to trade with larger amounts of money without risking their own savings. For many, this sounds like the perfect opportunity to grow faster and earn more. But while the benefits are appealing, there are also risks and hidden rules that traders must understand before joining a prop firm.

Original 2025-07-25 17:08