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Scope Markets Kenya Cautions Customers Against Investing Through Fraudulent Websites

Editor SharpDaily by Editor SharpDaily
July 18, 2022
in News
Reading Time: 2 mins read
Alex Karanja scope markets

Alex Karanja. [Photo/ Courtesy]

Scope Markets Kenya has cautioned its customers to be vigilant when investing in its online forex trading platform by ensuring they use the correct website. This caution comes on the back of the surge of online trading globally across various trading platforms and commodities post Covid-19 with a heightened risk of fraudsters exploiting unsuspecting investors.

Aradin Halal International have been accused of cloning the Scope Markets Kenya website. They have also been accused of cloning various other fraudulent websites such as https://businesschapchap.com where they are encouraging clients to send money and even claiming to be legitimate.

The Scope Markets Kenya CEO, Mr Alex Karanja, said Aradin Halal International are 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.

Read: Here’s Safaricom’s New Trick To Keep SIM Swap Scammers At Bay

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Mr 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’’.

Mr. 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’’.

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