A deceptive website and app, with a logo resembling Finance Magnates Group’s forexlive.com, appears to be scamming users using our brand. The website, forexlive.co.in, is not affiliated with us and we are taking immediate action to shut it down.
We urge you to exercise extreme caution when using any website claiming to be associated with our brand. Please use our official website only to protect yourself from this type of scam. You should also make sure that you visit our official website, https://www.forexlive.comby checking the URL in your browser’s address bar, which must start with “https” and include our brand name.
Clone businesses are unfortunately quite common in retail. Clone operators, often mimicking regulated brokers, use details of well-known brands to trick customers into depositing funds. Regulators and brokers are cracking down on these practices by educating the public about the clone, and today it apparently falls to Finance Magnates Group to do the same.
Scammers and clone companies can cold call investors, but also contact them through marketing emails and social media platforms. Investors may also receive calls after researching investments and submitting details online.
Clone companies can offer investments in products such as bonds, stocks, currencies and cryptocurrencies that are not tradable, worthless, too expensive or even non-existent. Some clones offer services to get a loan or recover funds from previous investments for an upfront fee.
A deceptive website and app, with a logo resembling Finance Magnates Group’s forexlive.com, appears to be scamming users using our brand. The website, forexlive.co.in, is not affiliated with us and we are taking immediate action to shut it down.
We urge you to exercise extreme caution when using any website claiming to be associated with our brand. Please use our official website only to protect yourself from this type of scam. You should also make sure that you visit our official website, https://www.forexlive.comby checking the URL in your browser’s address bar, which must start with “https” and include our brand name.
Clone businesses are unfortunately quite common in retail. Clone operators, often mimicking regulated brokers, use details of well-known brands to trick customers into depositing funds. Regulators and brokers are cracking down on these practices by educating the public about the clone, and today it apparently falls to Finance Magnates Group to do the same.
Scammers and clone companies can cold call investors, but also contact them through marketing emails and social media platforms. Investors may also receive calls after researching investments and submitting details online.
Clone companies can offer investments in products such as bonds, stocks, currencies and cryptocurrencies that are not tradable, worthless, too expensive or even non-existent. Some clones offer services to get a loan or recover funds from previous investments for an upfront fee.
