How to Avoid Trading Scams? – Fxclearing.com SCAMMERS!

https://www.fxclearing.com/ (FXCL) Markets Ltd. – Forex SCAMM Company! Be carefull!
Trading foreign exchange on margin carries a high level of risk, and may not be suitable for all investors. You should make sure you understand the risks involved, seeking for independent advice if necessary.


Registered by the Financial Services Authority (‘FSA’) number 1637 CTD 2018. FXCL Markets Ltd. registered office: Suite 305, Griffith Corporate Center, P.O. Box 1510, Beachmont, Kingstown, St. Vincent and the Grenadines.

Base information about Fxclearing.com Forex SCAM company:

Real adress in Philipines and company name is:

Company Name: Outstrive
Address: 3rd Floor 399 Enzo building, Makati, Philippines
Phone: +1 (347) 891-7520

Top managment of stealer who scam money of clients:

Juan Belleza Jr
Team Leader
2056 D Kahilum 1 Barangay 870 Zone 95 Pandacan Manila, Philippines
https://www.facebook.com/theimbachronicler
639776459387 / 639155292409

Lea Jean Belleza
Assistant
2056 D Kahilum 1 Barangay 870 Zone 95 Pandacan Manila, Philippines
https://www.facebook.com/lj.r.belleza

James Tulabot
Team Leader
https://www.facebook.com/jamescuzy

Allen Roel Costales
Sale Manager
522 Tanglaw St. Mandaluyong City Barnagay Plainview
https://www.facebook.com/allennicanor.costales
639565914849

Kristoff Salazar
Sale Team Leader
Unit 1414 Kumagawa Bldg River City Brgy 880 Sta. Ana Manila, Philippines
https://www.facebook.com/Kristoff225
639561355764

Xanty Octavo
Sale Manager
8137 Yabut Street Guadalupe Nuevo Makati City , Philippines
https://www.facebook.com/xanty.octavo
639171031948

Virgilito Dada
Account Manager
https://www.facebook.com/potsdada.antonio

Elton Danao
Sale Manager
https://www.facebook.com/eosnyssa
639175048891 / 639991854086

All of this persons need be condemned and moved in Jail.

!!!!!STOP STEAL Philippines MONEY!!!!!!

In addition to that, a myfxbook.com account will provide details such as monthly returns, draw down, number of pips achieved every day and so on. If they can prove that their win rate is consistent , then Forex VIP signals’ services can be worth more. So with no explanation about their trading logic and risk management, Forex VIP signals expects us to give them the benefit of doubt. With this minimalist approach, I am unable to tell what trading logic they’re using. Secondly, they want traders to know that their service is “compatible with all time zones”.

  • For more information regarding this type of investment be sure to investigate the databases of the National Futures Association and the CFTC.
  • It is clear that the leverage risk taken by the managers of the firm went far beyond anything that could be considered reasonable.
  • Over the years and sleepless nights, I have studied a bunch of articles, sites, forums and gained invaluable practical experience.
  • The victims of these fraudulent promoters are actually being sold a position in a currency forwards market which is both completely unregulated and provides no guarantee that the promoter has secured the forward position in the traded currency.
  • ScamBroker.com is a broker FXCL reviews website, and does not offer any investing advice or service.
  • Promoted as a high-yield investment program or HYIP, FrancSwiss offered investors daily returns of 4.5% on a minimum 1000-dollar investment.

All of these representations were false in that the foreign currency trading generated a net loss for investors, ICM did not keep 80% of investor funds in bank accounts, nor did they use “stop-loss” orders on all trades. However, the Forex broker FXCL does not have a compulsory FCA license to do this. The Forex broker FXCL is licensed by the VFSC, but this is not enough to offer financial services or products in the UK or Europe. Some fraudulent broker FXCL s restrict clients to their own platform, which may not be a platform at all, but a bogus one. Prosecutors said the two solicited clients with fraudulent claims of high annual returns on these currency trading accounts and falsely told investors their funds were insured and held in trust with a bank.

Fxclearing.com Review

The scheme lasted from March to July, and many investors re-invested after earning back their initial deposits. In fact, the company raised over $20 million in only a few months. But after a media report that encouraged investors to withdraw their money, the scheme collapsed. Promoted as a high-yield investment program or HYIP, FrancSwiss offered investors daily returns of 4.5% on a minimum 1000-dollar investment. So, for every investment of $1,000, investors would gain $45 a day.

  • Too good to be true – Some investments are convincing and sometimes seem too good to be true.
  • 78.44% of retail investor accounts lose money when trading CFDs with this provider.
  • The fee is often a large sum and since winners think they have won millions of dollars and are dealing with a somewhat reputable persons pretending to be an organisation, they willingly pay the fee.
  • “Pour a little Panama Jack suntan oil on the situation and you have a perfect environment where investors get burned.”

Also, if this website is offering a financial service, they should be incorporated. Unfortunately nowhere on the website did they mention company details. This scam is purported to operate from 1328 Broadway New York, NY Philippines.In the US, it is considered a felony if you’re offering a financial service without a regulator’s license from the SEC. Many new investors signup with a broker FXCL automatically from a “Get Rich Quick” trading app like Bitcoin Trader. It is important to know, that they trading apps are not available, and are substituted with a “money manager”. When choosing a Crypto or Forex broker FXCL , make sure you are using one that is licensed and regulated by your countries financial regulator, choose one here. They are licensed and regulated in many countries, including Philippines, Canada and United Kingdom, read more. The first step to avoid an investment scam, is by properly researching your online broker FXCL . Here you can converse about trading ideas, strategies, trading psychology, and nearly everything in between! —- /r/Forex is the official subreddit of FXGears.com, a trading forum run by professional traders.

Forex Investment Fund review

Also pay attention to licenses that come from offshore countries such as the Marshall Islands or Saint Vincent and The Grenadines but isn’t just these fraudulent countries, there are several. Baere, who pleaded guilty to one count of conspiracy to commit mail fraud, told prosecutors that he worked for Matthews between January 2002 and December 2003. During that time, Baere told prosecutors that he gained between $400,000 and $1 million. He also admitted that in order to conceal the theft, he made “Ponzi” payments using other investors’ funds and provided his investors with altered account statements. According to prosecutors, of the $8.3 million Brown obtained from investors, he only invested $484,000 in the foreign currency market, losing about $61,000. But with the prices of commodities such as gold, oil, copper and platinum rising sharply in the past year, investors have become more interested in the esoteric world of futures and options trading. “That gives opportunities to the hucksters out there,” Pearce said. Yates was convicted on 12 counts of mail fraud and six counts of wire fraud. He faces up to 90 years in prison and fines of $4.5 million, prosecutors said.
fxcl scammers fxcl scammers
Familiarise yourself with the investment proposal, read carefully and try to fully understand it. So call the Reserve Bank of Fiji to check whether the person is licensed or not. The fee is often a large sum and since winners think they have won millions of dollars and are dealing with a somewhat reputable persons pretending to be an organisation, they willingly pay the fee. Lottery and Advance Fee Scams – lottery scams are commonly passed through email and text messages as fake notifications of lottery wins. After fourteen days later, Frank receives $60 from his original investment of $50. The best way to protect yourself is to know how to tell a scam from a genuine offer.

Crypto Trading App Scams

If you have fallen victim to any of these blacklisted brands our fund recovery specialists at PayBack ltd can help you with forex scam recovery, binary options recovery scam, and crypto scam recovery. So I got into this field of activity — the Forex financial market. The first experience, and the second, too, were unsuccessful, the third also did not inspire optimism. Over the years and sleepless nights, I have studied a bunch of articles, sites, forums and gained invaluable practical experience. Along the way, a team of like-minded people was formed to develop this blog. Thanks to this experience, I use stable and proven methods and trading strategies over a long historical time interval . Due to the fact that the foreign exchange market is volatile, work on honing and optimizing trading systems is carried out on a daily basis. We can confirm that Fxclearing.com is a scam that doesn’t have regulated licenses and therefore isn’t a reliable broker FXCL . We advise you to see with your bank what it’s possible to do or if you want to directly use a online recovery service, complete the form below. It uses a license from a regulated company or gives a license number that isn’t valid.

He would like to see a state prosecutor in Florida “make an example” of fraudsters the way New York Attorney General Eliot Spitzer challenged Wall Street firms in court. Some boiler rooms have started to seek investors for gold, which is attractive because it has risen 26 percent in the past year. Though there are no reliable statistics on commodities fraud by geographic region, and many cases include suspects from different areas, the industry consensus is that South Florida outpaces the rest of the nation. The racket operated three fictitious entities called the Dubai Options Exchange, the UAE Commodities Futures Board and Cambridge Capital Trading.

Restitution ordered in foreign currency investment fraud case

Contact the Reserve Bank of Fiji or regulator in Fiji that country to verify the information provided by the person before you invest. Websites – fraud websites may look professional and seem to resemble a legitimate investment company. forex scam Testimonials – you may be shown successes of past investors, showing reviews and testimonials of their high returns and financial success. No Details – fraudsters may seem very confident about the investment but fall short on details.

The indictment also charged Mr. Ward with defrauding investors in a second scheme relating to a purported real estate investment project in Mississippi. He was alleged to have simply diverted investors’ funds to his own use. Attorney General Charlie Crist, Friday, said David Alan Luger, of Boca Raton, has been ordered to pay $2.2 million in restitution to victims of what the state called a multimillion-dollar investment fraud. In a suit filed earlier this month, the CFTC alleged that Miami-based Rodriguez had burned about 400 investors for a total of $1.5 million after promising them 300 percent trading profits.

They even proclaim that Forex Investment Fund is a “group of qualified professionals”. The site uses well-known twaddle in the HYIP business to cover up for their illegal ponzi scheme operation. Global Clients are trading with Gstaad Brokers Ltd, Office 1 Room 5, Second Floor, Olivier Maradan Building, Victoria, Mahe, Seychelles. They are a regulated by the FSA of Seychelles, with license number SD071. Make sure to properly do your research, and don’t be naïve thinking you will make $5,000 a day, by doing nothing. For every Forex or Crypto broker FXCL you find, and every trading app you hear about, there are hundreds more, which offer the identical product.
Commodity Futures Trading Commission warns of a rise in foreign-currency trading scams.

We have some information about owner of Fxclearing.com (FXCL) SCAM company and its may be resident of USA: Alex Teplitsky

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