FP Markets warns of fraudulent website misusing company license
FP Markets, a global CFD and Forex broker, has issued an official warning to clients and the general public regarding the unauthorized use of its license by a fraudulent website.
- Chosen by 3 200+ local traders in the last 3 months.
- Traders earn on average 12% more per month vs other brokers.
The company has identified a suspicious domain — https://oakwell.finance — which is allegedly posing as a legitimate subsidiary or partner of FP Markets.
According to the broker, the unauthorized entity is unlawfully using the FP Markets license in an attempt to mislead potential clients. The company warns that the fake website may be trying to obtain confidential user information such as login credentials, passwords, card details, and other sensitive data.
In its official statement, FP Markets emphasized that it has no affiliation or business relationship with the operators of the fraudulent website. The company strongly advises clients to avoid interacting with this domain in any way and, most importantly, never enter passwords, financial details, or other private information on the site.
Official channels and regulatory compliance
To ensure client safety, FP Markets reminds users that it operates exclusively through its official and approved domains: https://www.fpmarkets.eu and https://www.fpmarkets.com/eu. These websites are regulated and can be verified via the Cyprus Securities and Exchange Commission (CySEC), which supervises FP Markets' operations in the EU.
The broker reaffirmed its commitment to security and transparency in financial transactions. FP Markets urges all users to remain vigilant, especially in light of the growing number of online fraud schemes and increasingly sophisticated phishing attacks.
Combating cyber threats and client recommendations
This incident underscores the rising threat posed by cybercriminals targeting online trading platforms and highlights the importance of verifying sources before entering any personal data. FP Markets is actively cooperating with relevant authorities to address the issue and take appropriate action against the misuse of its licensing information.
Clients are encouraged to report any suspicious activity and always verify the authenticity of communications claiming to be from FP Markets. The company assured that further updates will be provided as necessary.
As a reminder, in late 2024, FP Markets announced a strategic partnership with xsee, a leading provider of trading signals. The collaboration enabled the seamless integration of xsee’s advanced trading signals directly into FP Markets’ live trading accounts, providing clients with continuous access to real-time market insights.
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