Europefx Shut Down By Asic

Enjoy old fashioned customer service from an stock exchange account manager dedicated to your success.

Now, a similar case has emerged with regards to the lexatrade rezension, EuropeFX, and TradeFred case. LexaTrade may have also rented out its license to both EuropeFX and TradeFred to commit illegal online trading schemes. The regulator went further to state the entities went as far as barring their customers from withdrawing funds from their own accounts. EuropeFX has over the years claimed it is licensed to operate in many markets, including Australia, where, in fact, it has been found to have been in operation without any licensing. The director of EuropeFX, Pedro Eduardo Sasso, has had a court order for criminal charges. All EuropeFX customers have been shifted to Union Standard International Group Pty Limited . iSignThis shares, which trade under ISX Ltd, have been suspended from trading on the ASX since October 2, 2019.

Why Choose Usg

Trading Foreign Exchange Currency Pairs (FX / FOREX) and/or Contracts for Difference on margin carries a high level of risk to your capital. Consideration should be given to your level of experience, knowledge of financial markets, understanding of FX and CFD derivatives including margin, leverage, risk management, as well as trading techniques and methods. United Strategic International LLC provides general advice only that does not take into account financial situation, needs or individual investment objectives and it is recommended that you seek independent advice as required.

The information contained here is general in nature, provided without reference to your past, present or future financial situation. This information is general in nature and does not constitute advice or a recommendation to act upon the information or an offer. United Strategic International LLC Terms and Conditions are available on our website and Privacy Policy can be viewed. AGM markets had rented out its financial services license to proven binary options scam websites, OziFin and OT Markets, also two of iSignThis’ biggest customers. EuropeFX has affiliated itself with legitimate companies such as licensed and regulated payments processing companies and popular trading platform, MetaTrader4. So far, while criminal investigations against forex news are currently ongoing, it is safe to say that LexaTrade is also a scam. Like EuropeFX, LexaTrade could burn your money if you don’t take the quick action of recovering your investment right away.

The Europefx Scam: It Runs Deep

The asset restraint orders issued against EuropeFX and TradeFred were maintained. The two were allowed to make payments to both customers and creditors “in the ordinary course of business”. The regulator announced it wanted to protect customers of the two online trading entities. They were to do this as investigations into their suspicious business practices continued. In November 2019, two iSignThis executives were arrested and charged with fraud in the US. The two were behind the AGM Markets scam that saw customers lose millions in a startling, illegal binary options scheme. It was found Mr. Sasso was using the license of lexatrade broker reviews to operate what is now a clear online trading scam.

The fastest way to get your money back is to use somebody who knows the regulations and the ins and outs of this industry. The ASX noted iSignThis was at the center of a bunch of online trading scams that had conned Australians more than $100 million. It provides payments and Know Your Customer services to a host of online trading firms. In September 2018, iSignThis revealed that EuropeFX was a contracted merchant to them. However, it maintained that criminal investigations against Stock were in high-gear.