Retail Forex broker Rakuten Securities HK has warned of impostors abusing its name to target investors.

The broker has recently discovered that a fraudulent organization is using Rakuten Securities HK’s name to provide FX trading service to the public in Mainland China.

Rakuten Securities HK reiterates that it provides FX trading services to public in Hong Kong. It does not have a subsidiary and/or an agent operating in Mainland China.

The public and clients are advised to be vigilant regarding this fraud to avoid any loss. Rakuten Securities Hong Kong does do not assume any responsibility for the loss caused by any person directly or indirectly or in connection with such a fraudulent organization.

Last year, the broker warned about misappropriation of a photo of its representative in a LINE account. Rakuten Securities Hong Kong reiterates that its official contact methods are by phone, WhatsApp and Email disclosed on its website. It would not contact anyone through LINE.