In today's world, the Internet has become an integral part of our lives. It gives us the opportunity to communicate, get information, work and carry out various projects. Today in the online environment, on any site or page, we encounter promising advertisements with shouty headlines and bright pictures everywhere. Unfortunately, even the sphere of "pseudo-investment" is not an exception and uses marketing tricks.
Behind the screaming advertisements about unbelievable
profits with minimal risks there is often a carefully planned scheme of fraud and money-laundering by Forex
brokers. However, they often have nothing to do with this market.
Not surprisingly, many websites of
such fraudulent brokers look the same or even belong to the same legal entities with several "brokerage"
websites with different names.
One of the fraud schemes is as follows: the broker "S" is a
managing company for two brokers, one of which offers binary options and the other is engaged in
cryptocurrency trading. Thus, the managing broker has two highly specialized subsidiaries. Officially, there
is no information on their websites about the connection between these entities. However, you can often find
stories on online review sites about clients (or rather, their capitals) being transferred from one
brokerage company to another. The reasons for such transfers are always different.
Managers of the
organizations may argue, for example, that one of the brokers stops its activity and it is necessary to
transfer them to another platform in order to save the money or the transfer is necessary to facilitate the
withdrawal of the money and so on.It should be noted that when transferring from one platform to another,
the client should sign a special document, renouncing any claims to the first broker. The company can use
this document to its advantage if a dispute arises.
When a client is transferred to another platform,
broker employees actively accrue bonuses and offer credits. However, according to the rules on the site, it
is impossible to withdraw these funds because they can only be used through opening a position, i.e.
trading. Such a mechanism allows employees to "burn" client funds. Sometimes the capitals are
simply zeroed out. Another scheme is the twin sites. Different companies have the same website design and
documents regulating the relationship between the broker and the client. In this situation, the admonition
"beware of fakes!" is irrelevant, because there is no original anyway. The question of the
legality of such imitations remains open. We can assume that such sites are used by fly-by-night companies,
because a self-respecting broker with years of experience would not copy a simple interface and documents.
The screenshots shown were taken from blacklisted companies.
These "brokers" have no
regulators and operate outside the law. Reviews about their activities can be found a lot, and not all of
them are negative. Unfortunately, such fraudulent brokers appear almost every day. If you have decided to
invest in financial markets using various trading instruments, choose a company that has a license for such
activities in your country. This will provide you with a minimum level of protection.
If you have
already become a victim of pseudo-brokers, our advice is to contact specialists who will help you get your
money back. In certain circumstances there is a chance of a refund. Trying to figure it out on your own can
only make the situation worse.