October 5th, 2023, The Financial Commission, a leading independent, non-governmental self-regulatory organization and external dispute resolution (EDR) forum, warns the public regarding a clone website (https://financialcommision.online/check-your-broker) that mimics The Financial Commission’s Check Your Broker directory in an attempt to legitimize non-member brokers.
The Financial Commission was recently contacted with information indicating that the aforementioned clone website has copied official Financial Commission information and membership details in order to falsely claim that an entity, called Stockbull, is an official member of the organization. Meanwhile, this entity has been placed on The Financial Commission’s Warning List for already some time now. Further to the fake Check Your Broker directory, the website listed a fake membership profile for Stockbull.
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 Stockbull is an approved member of The Financial Commission.
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 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 The Financial Commission
The Financial Commission is an independent external dispute resolution (EDR) organization for consumers/traders who are unable to resolve disputes directly with their financial services providers who are members of the Financial Commission. The Financial Commission initially set out to provide a new approach for traders and brokers alike to resolve any issues that arise in the course of trading electronic markets such as Foreign Exchange, and then expanded into CFDs and related derivatives, in addition to certifying technology platforms used for trading.
For more information please contact us at [email protected].