A multi-brand scam is a deceptive strategy where the same group of scammers operates multiple fraudulent broker brands under different names, websites, and marketing styles. The goal is to recycle their scam operation, reach wider audiences, evade detection, and appear like separate companies—when in reality, they’re all part of the same fraudulent network.

This article explores how multi-brand scams work, how to spot them, and what traders can do to avoid falling for one scam after another from the same criminal organisation.

What Is a Multi-Brand Scam?

In a multi-brand scam, a single scam operation runs multiple fake brokers or investment platforms using:

• Different names and branding
• Multiple domains and logos
• Varying regulatory claims (or fake licences)
• Different language targeting (English, Spanish, Arabic, etc.)

Each brand operates with the same infrastructure, support team, payment processor, and scam model, but presents itself as a distinct company. This strategy allows scammers to keep scamming even after one brand gets exposed or blacklisted.

How the Scam Works

1. Multiple Brands Go Live

The scammers launch several broker websites, each with:

• Unique designs and marketing language
• Separate client support email and phone numbers
• Slightly different trading conditions
• Varying jurisdiction claims (UK, EU, offshore)

2. Each Brand Targets a Different Segment

They tailor each brand to a specific audience:

• High-net-worth individuals
• Beginners seeking “automated” trading
• Crypto investors
• Forex signal followers

3. Deposit and Manipulation Process

Traders are lured in with:

• Unrealistic promises of profits
• Bonuses and fake signals
• Claims of regulation and account safety

Funds are deposited using the same backend system (often offshore or untraceable). Accounts are then manipulated with:

• Phantom profits
• Withdrawal restrictions
• Bonus traps
• Margin call manipulation

4. Brand Shutdown and Rebirth

When one brand receives too many complaints or public exposure:

• The website goes offline or is “under maintenance”
• Emails go unanswered
• The team reappears under a new name, using the same scam playbook

Some victims are even re-targeted through another brand—without realising it’s the same scammers.

Why Scammers Use the Multi-Brand Model

• To stay ahead of blacklists and reviews
• To avoid regulatory crackdowns by operating through layers of fake names
• To re-target victims who don’t realise it’s the same group
• To build “brand credibility” across multiple platforms (fake Trustpilot reviews, YouTube videos, etc.)
• To create the illusion of choice and competition

Red Flags of a Multi-Brand Scam

• Multiple broker brands with nearly identical layouts
• Similar support staff or contact methods across different websites
• Same payment processors or wallet addresses
• Shared license numbers or fake regulatory claims
• New broker appears right after another one disappears
• Fake review sites promoting several “unrelated” brokers with the same testimonials

Real Consequences for Traders

• Losing funds to the same scam multiple times
• Getting passed between brands after complaints
• Emotional manipulation and trust erosion
• No legal recourse, as all brands are shell companies
• Continual re-targeting, since scammers already have your data

How to Protect Yourself from Multi-Brand Scams

1. Use Regulated Brokers Only

Only trade with brokers regulated by top-tier financial authorities like the FCA, ASIC, or CySEC. Avoid those with vague or offshore regulatory claims.

2. Research the Brand’s History

Check whois data on the domain, when the website launched, and if the company has been associated with other brands.

3. Compare Websites and Legal Documents

Scam networks often copy-paste their terms and conditions, risk disclosures, and FAQs across multiple brands.

4. Be Cautious After a Scam

If you’ve been scammed before, be wary of new brokers offering to “recover” funds or who reach out to “help” you. It’s often the same scammers under a new brand.

5. Avoid Unknown Broker Promotions

If the broker has no genuine reputation, no third-party reviews, and no verified regulatory backing—don’t deposit.

Learn the Patterns Before They Cost You

Understanding broker structure and how scams evolve is key to self-protection. Traders MBA offers professional trading courses that teach broker due diligence, scam pattern detection, and capital preservation strategies.

Conclusion

Multi-brand scams are designed to outsmart exposure and keep fraud alive under new disguises. They exploit your trust in “choice,” your unfamiliarity with regulatory structures, and your desperation to recover losses. By staying educated, verifying regulation, and recognising recycled scam tactics, you can stop the scam cycle before it restarts under a different name. Because when the scammer wears many masks—it’s still the same face behind them all.