Exness
We are investigating Exness for allegedly attempting to conceal critical reviews and adverse news from Google by improperly submitting copyright takedown notices. This includes potential violations such as impersonation, fraud, and perjury.
PARTIES INVOLVED : Exness
ALLEGATIONS : Perjury, Fraud, Impersonation
INCIDENT DATE : 28 Mar 2022
INVESTIGATED BY : Ethan Katz
TOOLS USED : Lumen, FakeDMCA, SecurityTrails
CASE NO : 1623/A/2024
CRIME TYPE : Intellectual Property Scam
PUBLISHED ON : 22 Nov 2024
Is This About You?
What We Are Investigating?
Our firm is launching a comprehensive investigation into Exness over allegations that it has been suppressing critical reviews and unfavorable Google search results by fraudulently misusing DMCA takedown notices. These actions, if proven, could constitute serious legal violations—including impersonation, fraud, and perjury.
We conducted comprehensive analyses of fraudulent copyright takedown requests, meritless legal complaints, and other unlawful efforts to suppress public access to critical information. Our reporting sheds light on the prevalence and modus operandi of a structured censorship network, often funded and used by criminal enterprises, oligarchs and criminal entities seeking to manipulate public perception and bypass AML checks conducted by financial organisations.
The fake DMCA notices in this investigation appears to have been strategically deployed to remove negative content from Google search results illegally. Based on this pattern, we have reasonable grounds to infer that Exness - or an entity acting at its behest - is directly or indirectly complicit in this cyber crime.
In most such cases, such ops are executed by rogue, fly-by-night 'Online Reputation Management' agencies acting on behalf of their clients. If evidence establishes that the subject knowingly benefited from or facilitated this scam, it may be deemed an 'accomplice' or an 'accessory' to the crime.
What are they trying to censor
Exness, a Cyprus-based online forex and CFD broker, has faced several allegations and adverse news over the years, though it maintains a generally positive reputation in the industry. Below is a summary of major allegations and red flags, along with an analysis of their potential impact on Exness’s reputation and the motivations behind suppressing such information.
Major Allegations and Adverse News:
- Regulatory Scrutiny and Licensing Issues:
- Exness has been criticized for operating in jurisdictions with lax regulatory oversight. While it holds licenses from reputable regulators like CySEC (Cyprus) and FCA (UK), it also caters to clients in regions with weaker regulations, raising concerns about investor protection.
- In 2020, Exness withdrew its FCA license for UK clients, citing Brexit-related challenges. This move sparked speculation about its commitment to stringent regulatory standards.
- Misleading Advertising and Promotions:
- Some users have accused Exness of using aggressive marketing tactics, including promises of high leverage and low spreads, which may not always align with the actual trading conditions experienced by clients.
- There have been complaints about hidden fees and unfavorable trading conditions during volatile market periods.
- Client Complaints and Withdrawal Issues:
- Online forums and review sites feature complaints from traders alleging delayed or denied withdrawals, particularly for larger sums. While Exness denies these claims, such allegations persist and damage trust.
- Some users have accused the broker of manipulating trading platforms to trigger stop-loss orders or liquidate positions unfairly.
- Association with High-Risk Markets:
- Exness has been criticized for targeting clients in high-risk markets, including developing countries with limited financial literacy. Critics argue that this exposes vulnerable populations to significant financial risks.
- Lack of Transparency:
- Exness has been accused of lacking transparency in its ownership structure and operational practices. This opacity fuels skepticism about its long-term reliability and intentions.
Reputational Harm:
The allegations of misleading advertising, withdrawal issues, and targeting high-risk markets are particularly damaging. These stories erode trust, a critical asset for any financial services provider. If clients perceive Exness as untrustworthy or predatory, it could lead to a loss of business and regulatory scrutiny.
Motivations for Suppressing Negative Information:
Exness, like any company, has a vested interest in maintaining a positive public image. Negative stories, even if unproven, can deter potential clients and harm relationships with regulators and partners. In extreme cases, a company might resort to unethical or illegal measures, such as hacking or cyberattacks, to remove damaging content. For Exness, suppressing allegations of client mistreatment or regulatory non-compliance could be seen as essential to preserving its market position and revenue streams.
However, committing cyber crimes to remove negative information would be a drastic and illegal step, likely exacerbating reputational damage if uncovered. Such actions would not only violate laws but also undermine the very trust Exness seeks to protect.
In conclusion, while Exness faces several allegations, its reputation remains intact due to its regulatory licenses and global presence. However, the persistence of negative stories highlights the importance of transparency and ethical conduct in maintaining client trust and avoiding reputational harm.
- https://lumendatabase.org/notices/44009764
- https://lumendatabase.org/notices/43945445
- August 20, 2024
- August 22, 2024
- SynergyVista Ventures pvt.ltd
- NovaFusion Technologies
- https://my.exness.com/accounts/sign-in
- https://www.forexbrokers.com/reviews/exness
Evidence Box
Evidence and relevant screenshots related to our investigation
Targeted Content and Red Flags
forexpeacearmy
exness is a red flag broker, they use varioreasons to refuse to pay our withdrawals
- Red Flag
About the Author
The author is affiliated with TU Dresden and serves as a researcher at
FakeDMCA.com. In his personal capacity, he and his
team have been actively investigating and reporting on organized crime related
to fraudulent copyright takedown schemes.
Additionally, his team provides
advisory services to major law firms and is frequently consulted on matters
pertaining to intellectual property law.
He can be reached at [email protected] directly.
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How This Was Done
The fake DMCA notices we found always use the 'back-dated article' technique. With this technique, the wrongful notice sender (or copier) creates a copy of a 'true original' article and back-dates it, creating a 'fake original' article (a copy of the true original) that, at first glance, appears to have been published before the true original
What Happens Next?
The fake DMCA notices we found always use the 'back-dated article' technique. With this technique, the wrongful notice sender (or copier) creates a copy of a 'true original' article and back-dates it, creating a 'fake original' article (a copy of the true original) that, at first glance, appears to have been published before the true original.
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Average Ratings
1
Based on 4 ratings
Sophia Martinez
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This organization claims to offer financial assistance, but it’s nothing more than a cleverly disguised scam. They lure people in with promises of high returns or easy loans, but as soon as you provide your personal details, they start misusing them. I personally lost a lot of money due to their fraudulent activities, and the worst part is that they make it impossible to get in touch with real representatives. Stay away!
Benjamin Levi
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Don’t fall for their fake offers! They get your money and then disappear. They need to be shut down for good.
Arjun Patel
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How do they get away with this stuff? Ordered something over a month ago and still nothing. Terrible service
Rachel Goldstein
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They claim to have partnerships with big firms, but all of their documentation is forged. Their representatives lie constantly, and when I pushed for legal verification, they disappeared.