Scope Markets Kenya has cautioned its customers to be vigilant when investing on its online forex trading platform by ensuring they use the correct website. The warning comes on the back of the surge on online trading globally across a variety of trading platforms and commodities post Covid-19 with a heightened risk of fraudsters exploiting unsuspecting investors.
For instance, Aradin Halal International on https://aradinhalal.com has cloned the Scope Markets Kenya website. The firm has also cloned various other fraudulent websites such as https://businesschapchap.com where it encourages clients to send money while claiming to be legitimate.
The Scope Markets Kenya CEO, Alex Karanja, said Aradin Halal International is using phishing scams with the potential to defraud investors in online forex. Phishing scams are designed to create a sense of security for innocent investors who are made to believe they are investing through legitimate websites while in fact they are at risk of being defrauded by scammers.
Karanja said: ‘’We wish to notify our clients that the legitimate address for the Scope Markets Kenya website is www.scopemarkets.co.ke. We advise our traders to undertake due diligence to confirm the website before undertaking any transactions and contact us in case they are suspicious’’.
Karanja noted that Scope Markets Kenya follows a robust customer on-boarding process, which supports customers in ensuring they are investing through the legitimate platform. He observed: ‘’We always ask our clients to complete a full application and upload documents for verification before they fund their accounts and commence trading. This requirement is aligned to the Proceeds of Crime and Anti- Money Laundering Act as clients must disclose their source of funds.”
The Scope Markets Kenya customer service team is available 24 hours on weekdays to support clients through the website live chat, or on +254 719034401 and on email at firstname.lastname@example.org.
Scope Markets Kenya is a subsidiary of SM Capital Markets, a firm based in Cyprus. The company is licensed as a non-dealing online foreign exchange broker by the Capital Markets Authority (CMA).