It is common for everyone to pretend to be a regulated black platform, but it is rare to blatantly pretend to be a regulator, but recently, the trend of fraudsters pretending to be a regulator has become increasingly fierce, and the pattern is constantly updated, so that investors are hard to guard against.

Recently, the New Zealand Financial Markets Authority (FMA) issued a warning that there are criminals trying to impersonate the FCA fraud, reminding investors to be careful.

Impersonating the British FCA to send emails to steal information

The FMA's statement said the country's residents received an email purportedly from the UK's Financial Conduct Authority (FCA) containing a link to the web address for the recipient to complete a questionnaire. The FMA advises New Zealand residents not to open emails and links contained in emails.

The FCA also issued a warning on its own official website, saying that the emails were sent by fraudsters through cloned email addresses, reminding investors to be vigilant.

Fraudsters impersonating regulators are becoming more frequent

Britain's FCA, as a global authoritative currency regulator, often issues warnings such as cloning websites of FCA licensed companies, which has made significant contributions to purifying the environment of the sink, but FCA itself has not escaped the fate of cloning. As early as July this year, the British FCA revealed that its official website had been cloned for two consecutive months, and these cloning websites had obtained the personal information of search investors, and then tracked it, and carried out fraud in various ways, which was extremely harmful.

In July, New Zealand's FMA also issued a warning, adding a trader called Business Choice Partners Group Limited to its warning list. The FMA said the broker claimed to be licensed by the "National Financial Regulatory Commission of Australia and New Zealand", which in fact does not exist!

In August, the New Zealand FMA issued another warning, saying that there were criminals trying to impersonate the FMA to commit fraud. The criminals impersonate the FMA to freeze the victim's funds and then contact the victim posing as an FMA staff member to inform the victim that they must pay more money in order to return the original funds. The FMA said the scams targeted people who had been affected by the coronavirus, typically by impersonating government agencies.

How to query platform regulation

Nowadays, the means of online fraud are more and more sophisticated, more and more tricks, therefore, it is recommended that you must check the supervision of the formal channel platform before investment transactions. FX110 network focuses on dealer evaluation, dealer compliance inquiry and evaluation, agent evaluation and investor rights protection, there is an authoritative regulatory inquiry channel on the homepage of FX110 website. At present, FX110 currency supervision query has collected information from 181 regulators and 19723 platforms such as FCA, NFA, FINMA, ASIC, Cysec, Hong Kong Securities and Futures Commission, and the information has been increasing and improving.

Search bar enter the platform abbreviation, name or regulatory number query, you can enter the platform's regulatory details page. Not only can you query the regulatory information of the compliant traders, but also the information of their fake platforms, so you don't have to worry about being cheated by those fake platforms.

Source: FX110