Dupoin & DCFX Exposed: A Forex Scam Empire!

Andrew
By Andrew
6 Min Read

Dupoin & DCFX: The Hidden Connection in a Web of Deception

DCFX and Dupoin are directly connected, as Dupoin is the rebranded name of DCFX. PT Deu Calion Futures (DCFX), a brokerage firm based in Indonesia, underwent an official rebranding to PT Dupoin Futures Indonesia in 2024.

https://jatim.antaranews.com/berita/802386/pialang-berjangka-dcfx-resmi-ganti-nama-jadi-dupoin

Dupoin & DCFX: Fraudulent Rebranding Scheme to Trap New Victims

Overwhelming evidence from multiple platforms highlights the deceptive practices of Dupoin, formerly known as DCFX. Reports across BrokersView, fx110, WikiFX, and WikiBit all point to a pattern of fraud and manipulation. Dupoin is accused of exploiting regulatory loopholes, changing names to avoid detection, and scamming clients through slippage, widened spreads, and obstructing withdrawals. Despite claiming legitimacy under various licenses, these platforms reveal a company that repeatedly rebrands after tarnishing its reputation, preying on unsuspecting traders with false promises and deceptive practices​.

  1. BrokersView: A complaint alleges that Dupoin is involved in fraudulent activities by falsely claiming regulation, manipulating spreads, and changing their name frequently to evade scrutiny. They allegedly offer high leverage (1:1000) to push clients into stop-outs and continue to rebrand after their reputation is damaged. Dupoin is also accused of using a worthless license from Comoros while claiming to be FCA-regulated​. https://www.brokersview.com/complaint/dupoin-markets-is-scam-1556
  2. fx110: Dupoin has been flagged on multiple occasions as a scam on the Chinese regulatory platform fx110. Both Dupoin and its previous identity DCFX are accused of similar misconduct. Users have reported being unable to withdraw funds, and the broker is flagged for its shady operations, including multiple name changes to avoid detection. https://xujia.fx110.com/falsebroker/details/20667
    https://weiquan.fx110.com/consulting/24051
    https://weiquan.fx110.com/consulting/231373
    https://xujia.fx110.com/falsebroker/details/17196
  3. WikiBit: Further reports on WikiBit confirm that DCFX, now rebranded as Dupoin, has faced numerous complaints about non-payment of profits and overall fraudulent practices. The rebranding seems to be a strategic move to escape negative publicity while continuing deceptive operations​. https://www.wikibit.com/en/dr/1301475305720.html
  4. WikiFX: Additional reports on WikiFX have further exposed DCFX, now operating under the name Dupoin, as a broker mired in fraudulent activities. Numerous alerts highlight DCFX’s suspicious clone licenses from FCA, BAPPEBTI, and MAS, casting doubt on the legitimacy of their operations. With a growing number of complaints (seven in just the past three months), accusations of non-payment of profits and deceptive trading practices continue to emerge. The rebranding from DCFX to Dupoin appears to be a calculated move to distance the company from its tarnished reputation while maintaining the same unethical practices under a new name. https://www.wikifx.com/en/dealer/1857880912.html

Dupoin & DCFX: A Rebranded Forex Scam Empire Built on Lies

In Malaysia, 77 individuals were arrested in connection with a major forex scam operating out of the Klang Valley, where they targeted local and international investors through online forex trading platforms. The syndicate, which has been active for over a year, used fraudulent websites to lure unsuspecting victims. Authorities seized computers, laptops, phones, and passports linked to this illegal operation​. This raid sheds light on how extensive these scams have become, involving sophisticated operations and affecting a large number of people.

https://malaysiagazette.com/2023/06/24/77-terlibat-dalam-penipuan-forex-ditahan/

https://www.nst.com.my/amp/news/crime-courts/2023/06/923652/forex-scam-17-year-old-among-77-arrested-klang-valley

Further back in 2016, complaints were raised on Forex Peace Army regarding DCFX’s refusal to pay profits. Many traders have accused the broker of withholding funds and engaging in unethical trading practices​. This aligns with the modus operandi reported in Malaysia, where such brokers rebrand themselves to escape negative publicity and continue scamming under new names. https://www.forexpeacearmy.com/community/threads/blaming-dcfxbroker-does-not-pay-profit.47584/

Dupoin & DCFX: Massive Forex Scam Uncovered

The trail of complaints continues to mount against Dupoin and DCFX, with platforms like Trustpilot flooded with 1-star reviews detailing shocking experiences of fraud. Victims share eerily similar stories: accounts mysteriously blocked after large deposits, months-long delays in withdrawing funds, and customer service disappearing when asked for explanations. Dupoin, previously known as DCFX, continues its legacy of scamming under a new name, but the fraudulent tactics remain the same. One user even shared that despite a successful withdrawal request, they only received half of their funds and had their account closed shortly after​.

These brokers are notorious for rebranding to hide their shady operations, and countless traders have fallen victim to their unethical practices. Whether it’s on DCFX’s Trustpilot or Dupoin’s page, the messages are clear: Stay away! Your hard-earned money is not safe with these scammers. Protect your investments and avoid becoming their next target​.

Dupoin & DCFX: A Scam Built on Rebranding and Deceit

Dupoin and DCFX’s elaborate rebranding strategy is nothing more than an attempt to escape their tarnished reputation and continue their fraudulent operations under a new name. WikiFX and WikiBit have flagged their suspicious clone licenses and raised multiple alerts regarding their legitimacy. This, along with the growing number of complaints across various platforms, serves as a dire warning to traders—avoid Dupoin and DCFX at all costs. The pattern is clear: the rebranding is simply a façade, and the fraudulent practices persist​.

The message is urgent: Stay away from Dupoin & DCFX! These brokers are part of an ongoing scam network, using name changes and clone licenses to deceive and defraud traders. Protect your investments, spread the word, and ensure others are not caught in their web of lies.

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