The Financial Commission, a leading independent, non-governmental self-regulatory organization and external dispute resolution (EDR) forum, today warns the public of a website (https://cryptoexchangeassociation.com/) that was reported to The Financial Commission to be using illegally the trademarks of The Financial Commission’s members in an attempt, which we suspect is aimed to defraud the public.
The Financial Commission was recently contacted with information indicating that the aforementioned website is purporting to offer fictitious services in what appears to be an attempt to deceive and defraud the public.
Specifically, the website has copied certain parts of The Financial Commission’s official website, including the details of some of its members, without their consent, in an effort to legitimize the services of other, possibly scam brokers listed on the website’s Members page.
Furthermore, the aforementioned website falsely lists The Financial Commission’s partners on its Partners page, information about which was also directly copied from The Financial Commission’s website. Likewise, the membership certificates listed on the aforementioned website bear a striking resemblance to official certificates issued by The Financial Commission.
The website is also strikingly similar to another, now defunct website: https://cryptoconductauthority.com/, which had also purported to offer fictitious services and was previously shut down due to the efforts of The Financial Commission.
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This information led The Financial Commission to immediately notify all relevant parties that the perpetrator is an illegitimate website that is not associated with The Financial Commission in any way and is falsely indicating that several broker members of The Financial Commission are members of such website as well.
Moreover, The Financial Commission takes all necessary actions, including reporting to law enforcement authorities and initiation of legal proceedings against “catfish”, in order to protect against and prevent all fraudulent activities against its clients in the future.
The Financial Commission reminds traders and the public that it does not accept or process complaints related to trading or storing digital assets, such as cryptocurrencies and tokens, and does not accept cryptocurrency brokers or exchanges as its members.
Furthermore, The Financial Commission does not service customers of brokers who are not members. We advise customers to first review our official Members page to see if their broker is an approved member of The Financial Commission before trading or investing any funds.
The Financial Commission reminds traders and the public that they can submit information regarding possible clones or fraudulent websites of brokers and purported dispute resolution services to [email protected] for further investigation by The Financial Commission to root out scams and protect the trading community.
About Financial Commission
The Financial Commission has conducted dispute resolution services specifically for FX and CFD traders and broker member firms since 2013 as an independent, non-governmental self-regulatory organization and external dispute resolution (EDR) forum. The Financial Commission strives to swiftly notify the public of any possible scams related to its operations and the greater Forex & CFD industry. For more information, click here or email us at [email protected].