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!!!!!!

The vendor states that they are a VIP signal service from “award-winning and experienced team which provides 92% profit accuracy”. When we look into websites, we search for professional details that reveal key information about a business – how they sell, poor customer service, etc. For example, if we analyze a brewery page, we don’t rate the beer taste, but rather their website and how they sell the beer. Industry to clients’ public feedback and domain authority, we have considered many important details. The real SMFX is a trading name of Scope Markets Ltd, which is indeed licensed in Belize, and recently signed to be a sleeve sponsor of UK Premier League club West Ham United. The group also has a CySEC licensed entity SM Capital Markets Ltd, which operates website. The clone SMFxclearing.com is also showing the West Ham sponsorship on its website. All of our reviews are based on research carried out by professionals. Trading FX or CFDs on leverage is high risk and your losses could exceed deposits. Yes, please spread some more light on the whole case here, cause probably you invested that whole $15000 and then lost them trading in reality, it’s possible.
How did FX Viper blow up his account?
The investors were then directed to the false websites and told to transfer funds into the bank account in Malaysia. In addition, prosecutors said they told victims who invested that their accounts were earning substantial positive returns, when in fact they were being paid with new investor money. $10,000 minimum investment Investing in Forex Currency options is speculative and includes a high degree of risk. Larry Tripoli pled guilty to one count of conspiracy to commit mail fraud and wire fraud and faces a maximum sentence of five years. Later in the year Nelson N. Schembari pled guilty to one count of conspiracy to commit mail fraud and wire fraud and faces a maximum five years. They told investors that they could obtain returns of 3%-6% per month and sent bogus monthly account statements that showed consistent profits.

Details

He pleaded guilty to one count of mail fraud and was sentenced in December to more than five years in prison. “Most forex dealers are legitimate. But there are a growing number of scam artists,” CFTC Commissioner Michae Dunn said. Foreign-currency trading scam artists, thanks to their growing numbers, are the target of increased enforcement and education efforts by federal regulators. The maximum penalty under federal law for each offense of wire fraud and mail fraud is 20 years’ imprisonment, a three-year term of supervised release, and a $250,000 fine.
scammers
They purchase for customer accounts, most of which were discretionary, butterfly-spread option positions, for which the firms assess a fee of $180 per option. These trades generally are offset by another company, as day trades at the exchange clearinghouse, but are nonetheless listed as “open” in separate sub-accounts held in one company’s name. Of the customer accounts handled in this period, 97 percent lost all or nearly all of their equity. This type of investment scam terminology is often used along with Prime Bank Schemes and substantiated by Ponzi payments.

Alvexo operator VPR Safe Financial has license partially suspended by CySEC

It is not always possible to completely remove or delete all of your information due to technical constraints, contractual, financial or legal requirements. About you may be shared with third parties in order to process your requests and fulfill your orders for video content offered through the Services, including, to provide you with access to localized content and provide video content recommendations. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 78.44% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

When Forex investors research a new broker FXCL to determine if the broker FXCL is a legitimate company, or a scam broker FXCL , they always check for a valid license. When you see that a broker FXCL has a license and you have verified it with their governments regulator, like CySEC in Cyprus, you know they are legit. It’s important to us that you let us know your experience with this broker FXCL and it may help other people to avoid being cheated. We get a lot of threats from fraudulent broker FXCL s who don’t want us to tell the truth. Most firms advertising and selling investments in cryptoassets are not authorised by the FCA. This means that if you invest in certain cryptoassets, you will not have access to the Financial Ombudsman Service or the Financial Services Compensation Scheme if things go wrong. UK consumers are being increasingly targeted by cryptoasset-related investment scams. Find out how cryptoasset ​​​​​investment scams work, how to avoid scams and what to do if you are scammed. We will try to comply with your request as soon as reasonably practicable. It also describes practices for handling non-personal information .

Fake Brokers List (Blacklisted

A broker FXCL calls you offering a “Managed Account” with steady returns. Here are a few things to lookout for, to be sure that your broker FXCL is a legitimate broker FXCL , and not another scam. We have produced a list of money stealers all the scam broker FXCL s which we do not recommend getting involved with. Yes, I think Forex Peace Army was following one of his signal services. /u/detain12 had a good estimate of why it showed a loss of more than 100%.

Another CFTC complaint alleges that, in a twelve-month period, one company handled approximately 988 customer accounts, which generated $3.16 million in commissions while customers lost over $7 million. Traders should trade with well-regulated broker FXCL s such as UK or Philippines broker FXCL s and reputable broker FXCL s. We advise all investors and traders to avoid Vip Markets and other Vanuatu broker FXCL s. We do not recommend trading with Vip Markets as this broker FXCL was suspected of being a scam. In general, the FCA advises UK investors not to invest with this broker FXCL . Together they managed to secure over $8 million NZD in just a couple of short years through their fake trading platform, BlackfortFX. The business was registered by way of forgery and deception and the investments never even made it close to being traded on the forex market.

Other chief figures in the scam were Pagadian City mayor Samuel Co and his wife. Co was later dismissed of his estafa charges, while his wife had, at the time, were already out on bail. In this scheme, the Legacy Group promised depositors that their deposits will double in three years. Furthermore, investors will get 12-quarterly post-dated checks that will earn them double the amount of their original investment. This particular scheme was so popular that it went beyond Leyte, where it was started, to attract investors and depositors from Samar and other areas. Filed syndicated estafa charges against Eleazar Castillo, its chief financial adviser, as well as nine other people, which included an American and two Singaporean nationals. They even confess that the company has accumulated huge assets and they’ll use the money to pay every investor who joins. But in the real sense, he was using money from later investors to pay those who joined earlier.

  • While it is not wrong to want to attain more financial leverage in life, it pays to know exactly what we are getting into so that we can get the promised return.
  • At the time of its collapse in 2005, Refco, a New York commodity broker FXCL catering to forex traders, had about $4 billion in client assets, with liabilities reaching upwards of $75 billion.
  • Growing your money through investments is one of the most effective ways to achieve financial freedom – but it is also among the most exploited, at present.
  • Larry Tripoli pled guilty to one count of conspiracy to commit mail fraud and wire fraud and faces a maximum sentence of five years.
  • If you access the Services from a mobile or other device, a unique device identifier assigned to that device, geolocation data , or other transactional information for that device may be collected in order to provide the Services to it.

FXGears.com hosts and moderates our chatroom, and runs Volatility.RED as a resource site for traders. It could be anything from your online management system, to HTTPS connection. If you are a victim of this broker FXCL , you must complete the file below or use the online chat if the amount lost is greater than $5,000 to be put in direct contact. Your chances will depend on several things like payment history, method of payment. Each file is different but MyChargeBack knows all the procedures to speed up your file. Certain cryptoassets, like Bitcoin and Ether , are not regulated in the UK. This means that buying, selling or transferring them is outside our remit. The commodities broker FXCL was found to be in breach of several regulations at various points in time by the authorities, but clearly not enough was done to ensure future compliance through tighter oversight and enforced regulation. In addition to the prison time, Miller yesterday ordered Baere to pay $600,000 in restitution.

In today’s struggling economy, fraudsters involved in investment scams, are taking advantage of people’s vulnerability and desperate need for money, by offering high rates of returns with almost no risk at all. Fxclearing.com has received a public warning from SEC(U.S) which is a regulated federation. Each country has its own federation for all financial services like trading, banking, loans. When a broker FXCL is reported by a known federation, you can be sure it is a scam. We are aware that scammers are targeting consumers who are searching for investments online, in particular when using search engines like Google and Bing. Some scammers offer high returns to tempt you into investing, but they may also offer smaller, more realistic returns to make their offer look legitimate. Those offering or promoting products or investment opportunities you find through search engines are not necessarily authorised or regulated by the FCA.

In some cases, an unaffiliated payment service may be used to allow you to purchase a product or make payments (“Payment Service”). If you wish to purchase a product or make a payment using a Payment Service, you will be directed to a Payment Service webpage. Any information that you provide to a Payment Service will be subject to the applicable Payment Service’s privacy policy, rather than this Privacy Policy. The Services have no control over, and are not responsible for, any Payment Service’s use of information collected through any Payment Service. Employees of the firm allegedly used false and misleading sales pitches and high-pressure sales tactics to convince people to invest in its purported forex trading program, the government said. Shuster,guiltyleaded guilty to conspiracy, 14 counts of wire fraud and 13 counts of mail fraud last June. Prosecutors had sought a sentence of 235 months to 293 months in prison, said Sarita Kedia, Shuster’s lawyer.

Warning against illegal third party signal providers and FAKE Telegram Channels/Groups

Feel free to share this page using the buttons provided at the top. Please talk about your experience by leaving a comment or a review at the bottom of this article. Other factors include, but are not limited to, WHOIS details, IP address, Alexa rank, modern technology used for their website, SSL certificate, and presence or absence on suspicious website lists. We are able to help, so feel free to sign up HERE and tell us what happened. ’s business, there is a chance that its activities may expand beyond that. Meanwhile, feel free to share your experience in the comments, whether good or bad, so we can adjust the rating.

If any of the above is a main feature in an investment program that you are considering, be warned. Conduct your research accordingly, to make sure that you can establish that the company uses an authentic and approved method of funds management before you trust it. Growing your money through investments is one of the most effective ways to achieve financial freedom – but it is also among the most exploited, at present. Financial scams, especially in the Philippines, are built on this sound notion, but fail to deliver on their promises.

Next, using leverage at any unsustainable level is not a sensible practice. And finally, the status of Richard Bennett as the architect and chief perpetrator of the fraud reminds us that the declarations of a company’s management about itself should by no means be taken at face value. Mr. Bennett simply shuffled the bad debt of Refco between the company and certain hedge funds and shadow entities funded by Refco’s own capital. The fraud, however, was operated mostly by the CEO and chairman of the company, Richard Bennett, and involved creative account techniques that we have grown familiar with since the years of the .com bust. Dzedets, 32, and nine others have pleaded guilty to criminal charges in the “boiler room” scheme, prosecutors said.

*Information not comfirmed*