Clone website of ETX Capital reported by FCA
UK financial regulator The FCA has reported a clone website of licensed Retail FX and CFDs broker ETX Capital.
The real ETX Capital, a brand of FCA licensed Monecor (London) Ltd, operates website etxcapital.com and is in the process of being acquired by Guru Capital SA. Guru is a Swiss fintech investment firm run by longtime former Swissquote executive Ryan Nettles.
Regarding the clone firm cited by The FCA, the regulator said that fraudsters are using or giving out the following details as part of their tactics to scam people in the UK:
ETX Capital Global
Address: STAR HILLS, F19 N1903 JALAN BUKIT BINTANG (Malaysia)
The FCA said to be aware that scammers may give out other false details or mix these with some correct details of the registered firm. They may change contact details over time to new email addresses, telephone numbers or physical addresses.
Interestingly, on the clone website a pop-up appears that informs visitors:
Notice From Securities Commission Malaysia
ETX Capital Global is a legitimate business operator, there are individuals and companies who have misused the name and falsely represented ETX Capital Global in various online investment scams.
ETX Capital Global holds a restricted capital markets services licence issued by the Securities Commission Malaysia (SC), which allows us to conduct equity trading activities and provide investment advice as a licensed broker.