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Global FX Broker Transparency & Rating
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FXCN
Global FX Broker Transparency & Rating
FX trading glossary · Scams

Clone Broker

How clone brokers work

Clone brokers impersonate real licensed firms by copying names, license numbers, logos and regulator screenshots. The domain, support contact or receiving account is usually different.

How to verify

Use the official regulator register to match domain, legal name, address, phone and license status.

Connection to FXCN regulatory evidence

Clone Broker

Match the legal entity, licence number, phone and official domain in the regulator register; a brand name or licence screenshot is not enough.

This is not an isolated definition. The data below comes from FXCN regulator records and active licence relationships and shows what requires verification.

Relevant regulators:  3 Active licence relationships:  68 Evidence as of: 
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