FCA Uncovers Clone Firms Targeting Online Broker Darwinex

It has been identified another clone in the foreign exchange (forex) and cryptocurrency industries. The clone firms have copied Darwinex’s website design and FCA Firm Reference Number. Clone firms are fake companies which copy everything from details of a legitimate firm, such as their name, website, address, registration details, etc.

On Tuesday, 30/07/2019, the FCA (Financial Conduct Authority) warned against a clone firmo f Tradeslide Trading Tech Limited, otherwise known as Darwinex. This clone firm trade under three names: StockotradeFX, Ultimatecryptofx, Tradevibefx and operates via three below websites and all of them state that they are owned by Tradeslide Trading Tech Limited. This company is regulated and autorised by the FCA in the United Kingdom with FRN 586466.




According to the yesterday’s warning from the British regulator, the three entities have no connection with the FCA-autorised firm Tradeslide Trading Tech Limited.

Clone firms are a big problem in the foreign exchange (forex) and cryptocurrency sectors. As Finance Magnates has reported, Tickmill, Dukascopy Bank and broker-dealer ICAP, among others, have all been targeted by clone firms.


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