Warning Investors DerivTradingLive – Clone

Regarding fraudulent or manipulative practices (insider dealing, market manipulation, misrepresentation of material information, etc.)

Introduction:

In today’s ever-expanding digital world, it’s crucial to stay vigilant and discerning when exploring online trading platforms. DerivTradingLive, a name that may seem familiar but harbors deception, is the subject of our scrutiny. Operating under the guise of a reputable entity, Deriv Investments (Europe) Limited, this clone scam poses a significant threat to unsuspecting individuals. In this review, we’ll delve into its deceptive practices and expose the red flags you need to watch out for.

Regulation and Compliance: MFSA Issues Warning

DerivTradingLive’s duplicitous nature is unmistakable. The Malta Financial Services Authority (MFSA), the watchdog of financial services in Malta, sounded the alarm on October 31, 2023. They made it explicitly clear that DerivTradingLive is neither a registered Maltese company nor authorized to offer financial services from or within Malta.

The MFSA’s stern warning went further to underline the complete disconnect between DerivTradingLive and Deriv Investments (Europe) Limited, a legitimately licensed company operating under the Deriv.com brand. This official declaration is an essential reminder that regulatory bodies exist to protect consumers from scams and fraudulent entities. The MFSA urged anyone who has had dealings with DerivTradingLive to report their experience, reinforcing their commitment to safeguarding the public.

Customer Support and Customer Reviews:

In the world of legitimate trading platforms, customer support and genuine customer reviews play a pivotal role. Unfortunately, when it comes to DerivTradingLive, this aspect is severely lacking. Instead of an authentic support team, customers find themselves entangled with scammers posing as customer representatives or account managers.

The stories of those who have fallen victim to DerivTradingLive are deeply troubling. Common complaints include being coerced into depositing money or providing sensitive personal information. These individuals have found themselves unable to withdraw their funds or access their accounts, and some have even reported harassment in the form of aggressive phone calls and threatening emails.

Reputation:

In stark contrast, Deriv Investments (Europe) Limited, operating as Deriv.com, stands as a shining example of a reputable and trusted online trading platform. With over two decades of operation since 1999, this entity has earned its place among the industry’s leaders. Deriv.com boasts multiple regulatory licenses, including the MFSA, UK Financial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CySEC), and Labuan Financial Services Authority (LFSA).

This platform offers a wide array of trading instruments, platforms, tools, features, and educational resources. The commitment to customer service, security, transparency, and innovation has solidified its status as a trustworthy trading platform.

Location:

When assessing the credibility of an online trading platform, the transparency of its physical location and contact details is essential. DerivTradingLive raises a red flag in this aspect by failing to provide any verifiable physical address. All it offers are likely fake or unresponsive email addresses and phone numbers, making it nearly impossible for customers to ascertain the entity’s identity or whereabouts.

On the other hand, Deriv Investments (Europe) Limited provides concrete evidence of its legitimacy with a registered office address in Malta. Their multiple offices in different countries serve as a testament to their commitment to accessibility and communication.

Customer Service:

DerivTradingLive’s lack of a genuine customer service team leaves victims vulnerable to manipulation and deception. This glaring shortcoming further exemplifies the fraudulent nature of this entity. Scammers posing as customer representatives resort to various tactics to coerce individuals into depositing funds or sharing personal information.

In stark contrast, Deriv.com’s dedicated and professional customer service team operates round the clock. They are accessible through email, phone, live chat, social media, and web forms. Their commitment to providing friendly, helpful, and responsive assistance is evident in their comprehensive array of resources for customer education and support, including FAQs, guides, tutorials, videos, blogs, webinars, and glossaries.

Conclusion:

DerivTradingLive is a treacherous clone scam that exploits the identity and website content of the legitimate Deriv Investments (Europe) Limited. It is an entity operating without any form of authorization or regulation, and it shares no connection with Deriv.com. In light of the MFSA’s stern warning and the overwhelming evidence of deceptive practices, the conclusion is clear: DerivTradingLive is a perilous scam that must be avoided at all costs. Your financial safety and peace of mind are paramount, and we hope this review equips you with the knowledge to make informed decisions in the realm of online trading. Stay vigilant, and choose reputable, regulated platforms like Deriv.com for your financial endeavors.

Warning Investors Cloud Genesis Enterprise

Unlicensed Entity – Regarding fraudulent or manipulative practices (insider dealing, market manipulation, misrepresentation of material information, etc.)

Introduction:

When seeking a dependable financial institution to safeguard your investments, steer clear of Cloud Genesis Enterprise. Although it purports to be a regulated financial institution based in Malta, the stark reality is far from that claim. The Malta Financial Services Authority (MFSA) has unequivocally warned against Cloud Genesis Enterprise, asserting that it operates illegally, and lacks registration or licensing in Malta.

Regulation and Compliance: MFSA Issues a Stern Warning

The Malta Financial Services Authority (MFSA), the paramount regulator of financial services in Malta, upholds consumer protection and prevents fraud and misconduct. It enforces compliance with relevant financial laws such as the Financial Institutions Act and the Virtual Financial Assets Act.

In a pivotal announcement on October 29, 2023, the MFSA sounded the alarm, officially declaring Cloud Genesis Enterprise an unlicensed entity with no authority to offer investment or financial services in Malta. Notably, Cloud Genesis Enterprise’s claimed location in Malta was debunked; it operates from an undisclosed location. The MFSA has strongly discouraged any association with this entity and encourages the public to report any suspicious activities to relevant authorities.

Customer Support and Customer Reviews:

Unsurprisingly, disgruntled customers who have fallen prey to Cloud Genesis Enterprise’s fraudulent schemes have voiced their grievances. Some recurring complaints include:

1. Coercion to deposit substantial sums without receiving any documentation or proof of transactions.
2. Promises of exceptionally high investment returns that are seemingly too good to be true.
3. Difficulties withdrawing funds or contacting the elusive customer service.
4. Frightening threats of legal action or harassment for account cancellations or exposing the fraudulent operation.

It has also come to light that Cloud Genesis Enterprise employs counterfeit testimonials and reviews on its website and social media platforms, alongside deceptive endorsements from celebrities and authorities, all designed to ensnare unwitting customers.

Products and Services:

Cloud Genesis Enterprise purports to offer a wide array of financial products and services, including:

– Forex trading

– Cryptocurrency trading

– Binary options trading

– Asset management

– Wealth management

– Financial consulting

However, these offerings are but a smokescreen, carefully constructed to lure unsuspecting victims into depositing their hard-earned funds. The reality is that Cloud Genesis Enterprise lacks legitimate trading platforms or qualified staff. It operates through automated bots and algorithms, manipulating market prices to fabricate fake profits or losses for its clients.

Location:

Cloud Genesis Enterprise professes to be headquartered on the 2nd Floor, Tower Business Centre, Tower Street, Swatar BKR4013 Malta. Regrettably, this address is a sham, unrelated to Cloud Genesis Enterprise. The MFSA confirms that Cloud Genesis Enterprise maintains no presence at any address in Malta, and its actual location remains an enigma.

Customer Service:

Customer service at Cloud Genesis Enterprise is either deplorable or non-existent. Customers attempting to communicate via phone, email, or live chat are often met with indifference or unprofessionalism. Withdrawal requests or account cancellations are typically met with delays or outright denial. Those who raise concerns about the legitimacy of Cloud Genesis Enterprise or expose its fraudulent activities may find themselves subject to threats and harassment from its agents.

Conclusion:

In unequivocal terms, Cloud Genesis Enterprise is a scam that should be steered clear of at all costs. This unregulated and unlicensed entity in Malta offers no legitimate financial services, operating fraudulently and unlawfully, exploiting the trust and finances of unsuspecting clients. The MFSA has sounded the alarm, urging the public to report any suspicious activities. If you are in search of a reputable and trustworthy financial institution in Malta, it would be prudent to explore other avenues. Your financial security and well-being deserve nothing less.

Warning Investors Vernier Capital Advisors (Europe) Ltd – Clone

Regarding fraudulent or manipulative practices (insider dealing, market manipulation, misrepresentation of material information, etc.)

Introduction:

In the world of financial services, trust and reliability are paramount. It’s essential to carefully choose the institutions you entrust with your hard-earned money and financial well-being. Vernier Capital Advisors, a company that professes to provide investment management, wealth planning, and corporate finance solutions, may have caught your eye. However, it is crucial to recognize that this entity is not what it claims to be. In fact, Vernier Capital Advisors is a fraudulent scheme that exploits the identity of a legitimate institution to deceive unsuspecting individuals.

Regulation and Compliance: MFSA Issues Warning

The Malta Financial Services Authority (MFSA), responsible for regulating financial services in Malta, has raised a red flag regarding Vernier Capital Advisors. They unequivocally state that Vernier Capital Advisors is neither registered in Malta nor authorized to offer financial services within or from the country. Importantly, the MFSA underscores that there is no affiliation between Vernier Capital Advisors and Vernier Capital Advisors (Europe) Ltd, a legitimate company licensed by the MFSA, with a web presence at https://verniercapitaladvisors.eu.

In response to this deceptive entity, the MFSA has issued a stern warning to the public, advising against engaging in any transactions or business dealings with Vernier Capital Advisors. The authority suspects that this might be a clone operation attempting to mimic the genuine entity. They have further urged anyone who has been contacted or conducted business with Vernier Capital Advisors to report the matter to the MFSA or the Malta Police Force.

Reputation:

As one would expect, there is a dearth of positive customer reviews surrounding Vernier Capital Advisors, for it operates as a fraudulent enterprise with the potential to rob you of your money and personal information. Instead, you’ll find a litany of complaints and warnings from individuals who have encountered Vernier Capital Advisors or become victims of their deceitful activities.

For instance, a Trustpilot user recounted how Vernier Capital Advisors reached out to them via phone and email, tempting them with high-yield investment opportunities. When the user sought more information and proof of legitimacy, the representatives turned aggressive and discourteous, ultimately hanging up. Another account on Scamwatcher details an attempt by Vernier Capital Advisors to convince an individual to invest in a fictitious solar panel project in Africa. The user noted glaring grammatical errors and inconsistencies on the company’s website, alongside fake contact information.

Products and Services:

Vernier Capital Advisors purportedly offers a wide range of financial products and services, including:

– Investment Management: They claim to provide personalized investment solutions tailored to clients’ risk profiles, objectives, and preferences, with access to various asset classes such as equities, fixed income, commodities, currencies, and alternative investments.

– Wealth Planning: Their promise is to assist clients in planning for their financial future, offering advice on estate planning, tax optimization, retirement planning, philanthropy, and family governance.

– Corporate Finance: Vernier Capital Advisors asserts they can support clients in areas like mergers and acquisitions, capital raising, restructuring, valuation, and due diligence.

However, these claims are patently false and misleading, given that Vernier Capital Advisors lacks the requisite licenses and regulatory oversight to provide any of these services legally and professionally. Instead, it appears that they employ these purported offerings as bait to ensnare unsuspecting clients into their fraudulent scheme.

Location:

Vernier Capital Advisors claims to be headquartered at 1st Floor 2 Woodberry Grove, Finchley, London N12 0DR, United Kingdom. Regrettably, this address is fictitious and unassociated with the company. It is, in fact, employed by numerous other fraudulent entities operating under different names. Moreover, Vernier Capital Advisors maintains no physical presence or representation in any other country or jurisdiction.

Customer Support and Customer Reviews:

Vernier Capital Advisors boasts of a dedicated customer service team available around the clock via phone, email, or live chat. However, this assertion is merely another facet of their web of deception, aiming to create a veneer of professionalism and credibility. In reality, their customer service is either non-existent or severely lacking. Many individuals have reported their inability to reach Vernier Capital Advisors by phone or email, while others received rude and unhelpful responses. Some even faced harassment and threats when attempting to withdraw their funds or cancel their accounts.

Conclusion:

In conclusion, Vernier Capital Advisors is a scam that shamelessly masquerades as a legitimate financial services provider. The company lacks registration and authorization from any regulatory body, and its financial services are neither genuine nor lawful. Engaging with Vernier Capital Advisors poses a significant risk to your finances and personal information. To safeguard your interests, it is imperative to steer clear of this entity and promptly report any encounters with them to the relevant authorities.

Warning Investors Horizon Finance (P24O Ltd) – Unlicensed Forex Broker – Regarding fraudulent or manipulative practices (insider dealing, market manipulation, misrepresentation of material information, etc.)

Introduction:

When searching for a dependable and compliant forex broker, it’s vital to be cautious and thorough. Unfortunately, Horizon Finance is one entity you should steer well clear of. While they claim to offer investment services and forex trading, this review will shed light on the numerous red flags and risks associated with this company that has garnered a less-than-stellar reputation. It’s imperative to understand why trusting Horizon Finance with your funds is a perilous endeavor.

Regulation and Compliance: MFSA Issues a Grave Warning

The regulatory status of a forex broker is a pivotal consideration when it comes to safeguarding your investments. Regulated brokers adhere to stringent rules and standards designed to protect the rights and interests of investors. They are mandated to segregate client funds into separate accounts, offer fair and transparent trading conditions, and provide regular reports to the regulatory authorities.

In contrast, Horizon Finance operates without any regulatory oversight. Despite their claims of being a Maltese-registered company, the Malta Financial Services Authority (MFSA) has discredited these assertions. According to MFSA, Horizon Finance lacks the necessary licenses and authorization to provide investment or financial services in Malta or anywhere else. The MFSA further warns that Horizon Finance is likely engaged in activities of a dubious nature, posing a high risk of losing money for investors. Detailed information about this warning can be found on the International Organization of Securities Commissions (IOSCO) website [^1^].

Customer Support and Customer Reviews:

An essential facet of assessing a forex broker’s credibility is examining customer reviews and feedback. Regrettably, Horizon Finance has garnered very few online reviews, which speaks volumes about its popularity and trustworthiness. The limited reviews available are predominantly negative, with customers voicing concerns about poor service, withdrawal difficulties, hidden fees, and aggressive marketing tactics.

Some customers have even gone so far as to label Horizon Finance a scam, alleging the use of fake testimonials, phony awards, and fabricated trading results to lure unsuspecting traders. They contend that the company restricts their ability to withdraw funds and that they are incessantly hounded by phone calls and emails from Horizon Finance’s representatives.

Reputation:

Horizon Finance professes to offer a wide array of products and services to forex traders, including trading platforms, account types, educational resources, market analysis, and bonuses. Regrettably, these claims remain unsubstantiated, as the company’s website is plagued with vagueness and an overall lack of professionalism. Grammatical errors and broken links further mar the website’s credibility.

Crucially, the company provides no comprehensive information about its trading platforms, rendering traders in the dark about platform features, specifications, compatibility, or security. Details about the company’s trading conditions, such as spreads, leverage, commissions, or execution speed, are conspicuously absent. Account types are similarly enigmatic, with no information regarding minimum deposit requirements or benefits. Educational resources are sparse and outdated, lacking essential features like webinars, videos, or courses. Market analysis offered by the company is superficial and questionable, devoid of sources or references. Bonuses provided by Horizon Finance come across as misleading and suspicious, laden with unrealistic terms and conditions that render profit withdrawals an arduous endeavor.

Location:

Horizon Finance claims to be headquartered in Malta, but this assertion is patently false. The address furnished on the company’s website is nonexistent, and no physical presence or offices exist in any other country. The company’s contact numbers raise doubts about their legitimacy and are unresponsive. Even their email addresses appear generic and unprofessional.

Customer Service:

To make matters worse, Horizon Finance’s customer service leaves much to be desired. Unlike reputable brokers that often feature a live chat option on their websites, Horizon Finance lacks this common feature. Phone support is unreliable, with long waiting times and disconnected calls, accompanied by rudeness. The email support is equally lackluster, offering slow and ineffective responses with no clear answers or solutions to customer inquiries.

Conclusion:

In summary, Horizon Finance is a dubious forex broker that should be categorically avoided. The company operates without essential regulatory oversight and has been flagged by the MFSA as a potential scam. Multiple red flags, ranging from the quality of their products and services to hidden fees and withdrawal issues, underscore the risks associated with Horizon Finance. Furthermore, their less-than-savory reputation among customers paints a disconcerting picture, marked by numerous negative experiences and complaints. When considering your financial well-being, trusting Horizon Finance is a risk that should not be taken lightly.

Warning Investors Trade Market Analysis – Regarding market intermediaries (investment and trading advisers, collective investment schemes, brokers, dealers, and transfer agents)

Introduction:

If you’re in the market for a trustworthy and reliable investment intermediary, it’s crucial to steer clear of Trade Market Analysis. This review unveils the troubling reality behind this company, which has been issued a stern warning by the Dutch Authority for the Financial Markets (AFM) as of September 21, 2023. In this comprehensive review, we’ll delve into what constitutes a boiler room scam, the operations of Trade Market Analysis, and why it is imperative to avoid them at all costs.

Regulation and Compliance:

When it comes to selecting an investment intermediary, one of the most vital considerations is whether they are regulated and compliant with the laws and regulations of their jurisdiction. Regulation and compliance serve to ensure that the intermediary operates transparently, legitimately, and remains accountable for its actions, providing a protective shield against fraud, manipulation, and abuse.

Despite claiming to be headquartered in The Netherlands, Trade Market Analysis lacks an AFM license or a European Passport. This stark absence of authorization means that the company is not permitted to offer investment services or products in The Netherlands or any other European nation. The AFM is the key authority responsible for supervising financial market conduct within The Netherlands, aiming to uphold fairness, transparency, consumer protection, and financial stability.

The AFM has unmistakably marked Trade Market Analysis as a suspected boiler room scam in a public warning on their website, available at (https://www.afm.nl/nl-nl/consumenten/waarschuwingen/bekijk-de-waarschuwingen/boilerroom/trade-market-analysis). The term “boiler room” refers to deceitful individuals and organizations employing aggressive and deceptive sales tactics to lure unsuspecting investors into purchasing shares that are either non-existent or entirely worthless. Typically, these scammers employ unsolicited cold calling, making lofty promises of high returns. Unfortunately, once the investment is made, investors either receive nothing in return or lose their hard-earned money.

Customer Support and Customer Reviews:

Assessing the credibility and reputation of an investment intermediary often involves looking at customer reviews. These reviews can offer a valuable glimpse into the quality of products and services, the efficiency of customer support, and overall customer satisfaction. However, it’s essential to remain cautious, as customer reviews can be manipulated or fabricated by the intermediary or third parties.

Disturbingly, Trade Market Analysis lacks any genuine customer reviews on their website or on reputable platforms. The few reviews we could uncover were overwhelmingly negative, coming from individuals who had fallen victim to the company’s deceptive practices. These individuals reported being cold-called by Trade Market Analysis and coerced into buying shares that ultimately proved worthless or non-existent. Furthermore, the company refused to issue refunds or address their concerns, leaving them feeling deceived and defrauded.

Products and Services:

A reputable investment intermediary should provide a diverse array of products and services catering to the unique needs of various investors and traders. They should also furnish accurate and transparent information about their offerings, covering aspects such as features, benefits, risks, costs, and performance.

Trade Market Analysis purports to offer a wide range of investment and trading products and services, including stocks, bonds, commodities, currencies, indices, futures, options, ETFs, CFDs, cryptocurrencies, and more. Regrettably, these offerings are either fictitious or illegal. The company lacks the actual assets or securities necessary to back these claims and does not disclose vital information like fees, commissions, spreads, leverage, margin requirements, or other financial details.

Location:

The location of an investment intermediary plays a significant role in determining its legal standing, regulatory oversight, tax implications, accessibility, professionalism, and transparency. In the case of Trade Market Analysis, they claim to be situated at Herengracht 450-454, 1017 CA Amsterdam, The Netherlands. However, this address is not affiliated with Trade Market Analysis. Strikingly, this same address has been linked to several other questionable companies that have also garnered warnings from the AFM and other regulatory bodies. It becomes evident that Trade Market Analysis lacks a genuine physical presence or registered office in The Netherlands or anywhere else.

Customer Service:

A reliable investment intermediary should maintain an efficient and helpful customer service department, facilitating prompt and courteous assistance for clients. Multiple channels of communication, such as phone numbers, email addresses, live chat, and social media accounts, should be readily available to clients for easy contact.

Trade Market Analysis, however, provides no customer service to speak of. Their interactions with clients are primarily focused on pushing sales and extracting more funds. They systematically ignore queries, complaints, or requests from their clientele. To make matters worse, they don’t even offer contact information, leaving clients in the dark and with no means of reaching out.

Conclusion:

Trade Market Analysis emerges as a glaring example of a boiler room scam that must be avoided at all costs. The company operates without regulation or compliance with any relevant laws or regulations in The Netherlands or elsewhere. Transparency is sorely lacking regarding their products, services, location, and customer service. Regulatory authorities, including the AFM, have aptly labeled them as a fraudulent and illegal investment intermediary. Numerous individuals have been duped into investing their hard-earned money in worthless or non-existent shares.

If you’ve been approached by Trade Market Analysis or a similar entity, it’s crucial not to engage with their offers or disclose any personal or financial information. If you’ve already invested with them, prompt action is necessary. Contact the AFM or your local regulator to report your experience and seek assistance. The AFM’s website provides additional information and guidance on safeguarding yourself from boiler room scams and other forms of investment fraud. Protect your financial future by staying far away from Trade Market Analysis and similar entities.

Warning Investors Secure InvestNest – Unlicensed Trading Platform – Regarding fraudulent or manipulative practices (insider dealing, market manipulation, misrepresentation of material information, etc.)

Introduction:

In the fast-paced world of online investment, discerning between legitimate platforms and potential scams is crucial. Secure InvestNest is one such platform that beckons investors with promises of high returns across a diverse range of assets, including forex, stocks, commodities, and cryptocurrencies. However, this review will delve into various red flags that suggest Secure InvestNest might not be the trustworthy investment haven it claims to be. An important note to highlight is that the Malta Financial Services Authority (MFSA) has issued a stern warning against Secure InvestNest, asserting that it lacks registration and licensing in Malta, implying a high likelihood of fraudulent activities.

Regulation and Compliance: MFSA Issues Warning

When exploring investment opportunities, it is paramount to ensure the platform is regulated and compliant with relevant laws and regulations. Such oversight guarantees transparency and fairness in operations, as well as protection for investors in the event of disputes or issues.

Regrettably, Secure InvestNest falls short on the regulatory front. As per MFSA, Secure InvestNest is not a registered Maltese company and has not been authorized to provide investment or financial services in Malta. The MFSA further cautions the public against engaging in any transactions with Secure InvestNest concerning the Investment Services Act due to the platform’s dubious nature and high risk of financial loss.

Customer Reviews:

Assessing a platform’s credibility and reputation can be accomplished through customer reviews and feedback. This provides valuable insights into the platform’s performance and client satisfaction. However, Secure InvestNest is marked by the absence of genuine positive customer reviews and a plethora of complaints and negative feedback. Some common issues raised by clients include:

– Difficulty in withdrawing funds or closing accounts

– Pressure from the platform’s agents to deposit more money

– Dissemination of false or misleading information about the platform’s products and services

– Poor or non-existent customer support

– Complete loss of investment or savings

Products and Services:

Secure InvestNest boasts a range of investment products and services, encompassing:

– Forex trading

– Stocks trading

– Commodities trading

– Cryptocurrencies trading

– Investment plans with varying risk levels

However, these claims are devoid of substantiating evidence or transparency. The platform provides no insights into its operational strategies, risk assessments, or guarantees. The lack of accountability concerning the handling of client funds, data, and privacy further erodes trust in Secure InvestNest’s claims.

Location:

The conspicuous absence of Secure InvestNest’s physical location or address raises questions about accountability and jurisdiction. Although the platform references St. Vincent and the Grenadines in its terms and conditions, this offshore jurisdiction lacks rigorous financial regulations, raising concerns about Secure InvestNest’s adherence to international standards.

Customer Service:

Secure InvestNest’s customer service is neither reliable nor effective. Clients are limited to contacting the platform via an email address or phone number provided on its website. Complaints of unresponsiveness and unprofessionalism in their dealings with the platform’s agents are prevalent. Some clients even claim to be blocked or ignored after requesting withdrawals or lodging complaints.

Conclusion:

In light of the evidence presented in this review, it is evident that Secure InvestNest does not merit trust as a legitimate investment platform. Instead, it appears to be a scam, luring unsuspecting investors with unrealistic promises and subsequently absconding with their funds and personal information. Our firm recommendation is to steer clear of Secure InvestNest and promptly report any suspicious or fraudulent activities to the relevant authorities. In the turbulent world of online investments, due diligence is the key to preserving your financial well-being.

Warning Investors S9 Crypto Ltd Clone – Regarding fraudulent or manipulative practices (insider dealing, market manipulation, misrepresentation of material information, etc.)

Introduction:

In the world of cryptocurrency trading, finding a trustworthy platform is essential. Unfortunately, S9 Crypto Ltd is not one such platform. This blog post sheds light on the deceptive practices of S9 Crypto Ltd, a clone of the legitimate company Alchemy Markets Ltd. We’ll explore what a cloned scam is, how S9 Crypto Ltd operates, and how you can safeguard yourself from falling victim to such fraudulent schemes.

Regulation and Compliance:

Regulation plays a vital role in ensuring the integrity of financial service providers. The Malta Financial Services Authority (MFSA) is tasked with this role in Malta. On October 29, 2021, the MFSA issued a stern warning about S9 Crypto Ltd. Their investigation revealed that S9 Crypto Ltd is neither registered in Malta nor authorized to provide financial services in the country. More disturbingly, S9 Crypto Ltd was found to be masquerading as Alchemy Markets Ltd, a legitimate company licensed by the MFSA for providing investment services.

This form of scam is referred to as a cloned scam. In cloned scams, fraudsters replicate the name, logo, website, or other details of a legitimate company to dupe unsuspecting individuals, often targeting those seeking high returns or who are less experienced in the financial market.

Reputation:

It comes as no surprise that S9 Crypto Ltd has garnered no positive reviews from customers. In fact, a quick search reveals numerous warnings and complaints from people who have been defrauded or have observed the suspicious nature of the entity. Here are a few examples of customer experiences with S9 Crypto Ltd:

– “S9 Crypto Ltd is a scam. They lured me in with promises of substantial returns, only to block my access and cut off all communication when I tried to withdraw my funds. Stay away from them.”

– “S9 Crypto Ltd seemed like a professional platform with similarities to Alchemy Markets Ltd, a reputable company. Upon closer inspection, I realized the differences in domain name, contact details, and vague terms and conditions. S9 Crypto Ltd is a cloned scam, and I reported them immediately.”

Products and Services:

S9 Crypto Ltd claims to provide various crypto trading-related products and services, including crypto trading signals, crypto trading bots, crypto trading courses, and crypto trading accounts. However, these offerings are either non-existent, defective, or fraudulent. For instance:

– The crypto trading signals are often inaccurate, outdated, or manipulated.

– The crypto trading bots are typically faulty, malicious, or hacked.

– The crypto trading courses are incomplete, outdated, or misleading.

– The crypto trading accounts are often fake, insecure, or inaccessible.

Location:

S9 Crypto Ltd does not have a physical address. Its operations are exclusively online through the website https://s9cryptotrade.com. Unfortunately, this website lacks proper security, as it lacks a valid SSL certificate, leaving your personal and financial information vulnerable. Moreover, it lacks essential legal documents such as terms of use, privacy policy, and risk disclosure – a red flag for any legitimate financial service provider.

What’s more concerning is that the S9 Crypto Ltd website is a clone of the legitimate Alchemy Markets Ltd website (https://alchemymarkets.com), which is licensed by the MFSA. S9 Crypto Ltd has copied the name, logo, design, content, and other details from Alchemy Markets Ltd, creating a false impression of association. However, there is no connection or affiliation between S9 Crypto Ltd and Alchemy Markets Ltd.

Customer Support and Customer Reviews:

When it comes to customer support, S9 Crypto Ltd disappoints. They offer no contact details or channels for customers or potential customers. There are no phone numbers, email addresses, live chat, or social media accounts, and they are unresponsive to inquiries or complaints. Providing no support or assistance is a telltale sign of a fraudulent operation.

Conclusion:

S9 Crypto Ltd is a cloned scam, exploiting the reputation and details of Alchemy Markets Ltd to deceive the public. It lacks any regulatory oversight and is not registered in Malta or any other jurisdiction. The products and services it claims to offer are nonexistent or unreliable. If you engage with S9 Crypto Ltd, you risk losing your hard-earned money. Be cautious and vigilant in the world of cryptocurrency trading, and avoid entities like S9 Crypto Ltd at all costs.

Warning Investors Cloning of Banking Circle S.A. – Regarding market intermediaries (investment and trading advisers, collective investment schemes, brokers, dealers, and transfer agents)

Introduction

In your quest for a reliable and trustworthy bank, you’ve likely stumbled upon Banking Circle S.A., a Luxembourg-based financial institution known for providing online banking solutions for both businesses and individuals. However, it’s crucial to be vigilant and informed about the fraudulent activities that some unscrupulous individuals are perpetrating under the guise of this reputable bank. In this comprehensive review, we’ll explore Banking Circle S.A.’s products and services, its adherence to regulations and compliance, its reputation among customers, and the cautionary warning issued by the Commission de Surveillance du Secteur Financier (CSSF) regarding these identity thieves and their illicit activities.

Regulation and Compliance: CSSF Issues Warning

A word of caution comes from the Commission de Surveillance du Secteur Financier (CSSF), the official financial regulator of Luxembourg. They’ve raised an alarm regarding fraudulent activities that misuse the name of Banking Circle. Reports have emerged about unknown individuals approaching potential investors without prior solicitation, impersonating mortgage credit intermediaries, and offering mortgage credits under the banner of Banking Circle. CSSF emphatically warns that these individuals lack the necessary authorization to provide banking or financial services within or from Luxembourg and have no affiliation with Banking Circle S.A. Their advice to the public is clear: do not entertain these solicitations and report any suspicious contacts to the CSSF or law enforcement.

Customer Reviews

Banking Circle S.A. boasts a positive reputation among its clientele, who laud its swift and adaptable online banking solutions, competitive fees, and attractive rates, not to mention the quality of its customer service. On Trustpilot, a respected review platform, the bank boasts an impressive 4.5 out of 5 stars rating, based on feedback from 67 reviews. Satisfied customers consistently highlight the bank’s professionalism, transparency, security measures, and innovative services. While occasional negative reviews cite technical hitches, delays, or communication lapses, the overall sentiment is overwhelmingly positive.

Products and Services

Banking Circle S.A. offers a diverse array of products and services tailored for both businesses and individuals seeking robust online banking solutions. Some of its offerings include:

– Banking Circle Accounts: These versatile multi-currency accounts facilitate seamless cross-border payments with minimal fees and swift transaction processing.

– Banking Circle Lending: Tailored loans designed to provide businesses with the working capital or financing required for growth, characterized by flexible terms and competitive interest rates.

– Banking Circle Payments: Ideal for merchants and payment service providers, these solutions enable easy acceptance of online payments from global customers, featuring low costs and impressive conversion rates.

– Banking Circle Card Solutions: A comprehensive card solution tailored for businesses looking to issue their own branded cards to customers or employees, with customizable features and benefits.

Location

With its headquarters in Luxembourg, Banking Circle S.A. benefits from the country’s robust economy, a resilient financial sector, and high regulatory standards. Additionally, the bank maintains offices in Denmark, Germany, the UK, and the US, ensuring accessibility for a global clientele.

Customer Service

Banking Circle S.A. takes customer service seriously, offering support through various channels, including phone, email, chat, and social media. They pride themselves on a dedicated team of experts ready to assist customers with any inquiries or issues. Moreover, the bank provides a wealth of online resources, such as FAQs, guides, webinars, and blogs, to empower customers with a comprehensive understanding of their products and services.

Conclusion

In conclusion, Banking Circle S.A. stands as a reputable online bank renowned for its wide range of products and services catering to the needs of both businesses and individuals seeking dependable online banking solutions. The bank’s operations are rigorously regulated by CSSF in Luxembourg, and customer feedback paints a largely positive picture. Nevertheless, it’s of paramount importance to remain vigilant and cautious in the face of fraudulent activities conducted by individuals misusing the bank’s name to peddle counterfeit mortgage credits. To maintain the integrity of your financial interests, avoid engaging with such solicitations and promptly report any suspicious contacts to the relevant authorities.

Warning Investors Cloning company of Elite Wealth Management SIF-SICAV S.A. – Regarding market intermediaries (investment and trading advisers, collective investment schemes, brokers, dealers, and transfer agents)

Introduction:

In your pursuit of a dependable and ethical investment fund manager in Luxembourg, you may have chanced upon the website www.elitewealthmanagement.lu. However, what initially seems like a trustworthy financial partner is, in reality, an intricate scam preying on the identity and reputation of the genuine Elite Wealth Management SIF-SICAV S.A. In this comprehensive review, we will explore this elaborate ruse, helping you to recognize it, evade its pitfalls, and provide guidance if you’ve already been ensnared.

Regulation and Compliance:

The deceptive website poses as a provider of investment products and services, including portfolio management, wealth planning, asset allocation, and fund administration. It audaciously claims to have a registered office in Luxembourg and asserts regulation by the Commission de Surveillance du Secteur Financier (CSSF), Luxembourg’s financial regulatory authority.

However, these claims are nothing but fabrications. The website operates without any authorization or supervision from the CSSF and has no genuine affiliation with Elite Wealth Management SIF-SICAV S.A., a specialized investment fund complying with the Law of 13 February 2007. This fraudulent website cleverly exploits the name, logo, and contact information of a legitimate company, all with the intent of deceiving unwary investors.

Regulation and Compliance: CSSF Issues Warning

The CSSF, acting as a vigilant guardian of the financial sector, took swift action on September 9, 2023, by issuing a public warning concerning the fraudulent activities under the guise of Elite Wealth Management SIF-SICAV S.A. This warning serves as a clarion call to the public, signaling the imminent danger.

The CSSF strongly advises the public to exercise caution and refrain from responding to solicitations originating from the sham website or any individuals using the email address [email protected] or the phone number +32 288 60177. The regulatory body further underscores the importance of reporting any suspicious transactions or contacts to them via email at [email protected] or through phone at (+352) 26 25 1.

Reputation:

As a fraudulent entity, the counterfeit website unsurprisingly lacks any authentic customer reviews. However, perceptive individuals who narrowly escaped the clutches of this scam have shared their experiences and issued warnings to safeguard others.

One such reviewer recounted their experience: “I received an email from an individual claiming to represent Elite Wealth Management SIF-SICAV S.A., enticing me with an investment opportunity promising high returns. They requested detailed personal and financial information, along with a copy of my ID and proof of address. My skepticism led me to investigate, and I soon discovered the deceit. I promptly reported the incident to the CSSF and blocked their email.”

Another cautious reviewer shared, “I received a phone call from an individual identifying themselves as a representative of Elite Wealth Management SIF-SICAV S.A., offering a unique investment proposition. Their persuasive pitch claimed they could expertly manage my portfolio to achieve my financial goals. However, their foreign accent and a Belgian phone number raised suspicions. I requested their license number and website address, which they provided as www.elitewealthmanagement.lu. A swift check exposed the deception, and I hung up before reporting the incident to the CSSF.”

Customer Support and Customer Reviews:

Genuine customer reviews of the fraudulent website are conspicuously absent, given its fraudulent nature. Nonetheless, discerning individuals who narrowly escaped the snares of the scam have shared their experiences and issued warnings to protect others.

One such reviewer recounted their experience: “I received an email from an individual claiming to represent Elite Wealth Management SIF-SICAV S.A., enticing me with an investment opportunity promising high returns. They requested detailed personal and financial information, along with a copy of my ID and proof of address. My skepticism led me to investigate, and I soon discovered the deceit. I promptly reported the incident to the CSSF and blocked their email.”

Another cautious reviewer shared, “I received a phone call from an individual identifying themselves as a representative of Elite Wealth Management SIF-SICAV S.A., offering a unique investment proposition. Their persuasive pitch claimed they could expertly manage my portfolio to achieve my financial goals. However, their foreign accent and a Belgian phone number raised suspicions. I requested their license number and website address, which they provided as www.elitewealthmanagement.lu. A swift check exposed the deception, and I hung up before reporting the incident to the CSSF.”

Products and Services:

The fraudulent website fails to provide any authentic products or services, as it operates without the requisite licensing or regulation. It only masquerades as a purveyor of investment products and services, a mere ploy to entice unsuspecting investors into parting with their funds and personal information.

On the other hand, the legitimate Elite Wealth Management SIF-SICAV S.A. functions as a specialized investment fund, offering alternative investment fund management services in compliance with the Law of 12 July 2013. The company manages various sub-funds investing in diverse asset classes, including equities, bonds, commodities, currencies, hedge funds, private equity, real estate, and more. Furthermore, they provide comprehensive fund administration services, encompassing accounting, reporting, valuation, custody, and more.

Location:

The fraudulent website lacks a physical location or a genuine address in Luxembourg or any other place. It resorts to employing a virtual office service that provides a postal address and phone number for a fee, with the address provided as: /

In stark contrast, the legitimate Elite Wealth Management SIF-SICAV S.A. boasts a genuine registered office in Luxembourg, situated at 5 rue Jean Monnet L-2180 Luxembourg.

Customer Support:

The sham website offers no discernible customer support team, instead presenting an email address and phone number detached from any real entity or individual. The email address utilized is [email protected], while the phone number is +32 288 60177.

Conversely, the authentic Elite Wealth Management SIF-SICAV S.A. maintains a dedicated customer support team that can be reached through email at [email protected] or by phone at (+352) 26 27 11 1.

Conclusion:

In conclusion, www.elitewealthmanagement.lu is a fraudulent website that shamelessly exploits the name and reputation of the legitimate Elite Wealth Management SIF-SICAV S.A. Lacking any form of authorization or oversight from the CSSF, this impostor endeavors to deceive potential investors with spurious investment products and services, while simultaneously soliciting funds and personal information.

Caution Investors – Cloning of Aubusson Holding S.A. – Regarding market intermediaries (investment and trading advisers, collective investment schemes, brokers, dealers, and transfer agents)

Introduction

Aubusson Holding S.A., a reputable financial holding company operating out of Luxembourg since its establishment in 2008, is a key player in the world of investments. Registered with the Luxembourg Trade and Companies Register under number B 138.894, the company’s core activities revolve around the acquisition, management, and disposal of participations in various Luxembourg and foreign companies, in addition to other assets. It also provides loans and guarantees to its subsidiaries and affiliates, all within the purview of its corporate mission.

Regulation and Compliance

Despite not being directly under the supervision of the Commission de Surveillance du Secteur Financier (CSSF), Aubusson Holding S.A. adheres to the fundamental principles of company law and taxation in Luxembourg. Furthermore, the company maintains strict compliance with anti-money laundering and counter-terrorism financing (AML/CFT) obligations, applying universally to all professionals in the financial sector.

However, it’s essential to highlight a recent CSSF warning issued on September 13, 2023, regarding individuals who misuse Aubusson Holding S.A.’s name for fraudulent activities. These scammers contact potential investors via email or phone, luring them with enticing investment opportunities, such as bonds, shares, funds, or cryptocurrencies. They also operate a deceptive website, www.aubusson-gestion.com, closely replicating the design and content of Aubusson Holding S.A.’s official website (www.aubusson-holding.com) but with modified contact information.

The CSSF emphasizes that these unauthorized individuals are not authorized to offer investment services or products in or from Luxembourg, and they have no association with Aubusson Holding S.A. or any other entity supervised by the CSSF. To counteract these fraudulent activities, the CSSF encourages individuals approached by these scammers or those who have visited their website to report such incidents via email ([email protected]) or phone (+352 26 25 1 – 1).

Reputation

Aubusson Holding S.A. enjoys a favorable reputation within the financial industry. Its commitment to regulatory compliance and adherence to best practices in the financial sector has earned it the trust of many investors. However, the recent fraudulent activities conducted in its name are an unfortunate stain on its reputation. Nevertheless, the company itself is not involved in these activities and has taken appropriate measures to alert the public to these scams.

Customer Support and Customer Reviews

As Aubusson Holding S.A. primarily operates as a financial holding company, customer reviews are relatively scarce in the public domain. However, it’s important to note that some of its subsidiaries or affiliates may have more prominent public exposure and, consequently, more feedback from their clients.

One such example is Aubusson Capital Partners S.A., a private equity firm within the Aubusson group, which has received positive reviews from certain portfolio companies. One notable mention is Energetix Group PLC, a UK-based manufacturer of micro-combined heat and power systems.

Products and Services

While Aubusson Holding S.A. doesn’t directly offer products or services to the general public due to its primary role as a holding company, its subsidiaries and affiliates are engaged in a wide array of sectors and industries, including energy, technology, healthcare, real estate, and finance. Here are some key companies within the Aubusson group:

– Aubusson Capital Partners S.A.: This private equity firm specializes in investing in small and medium-sized enterprises (SMEs) in Europe, with a particular focus on the UK and Germany.

– Aubusson Asset Management S.A.: An asset management company providing investment advisory and portfolio management services to institutional and professional investors.

– Aubusson Real Estate S.A.: This real estate company is involved in the development and management of residential and commercial properties in Luxembourg and other regions.

– Aubusson Healthcare S.A.: A healthcare company operating clinics and hospitals in multiple countries, including France, Belgium, Switzerland, and Morocco.

Location

Aubusson Holding S.A. has its registered office at 33, Boulevard Prince Henri, L-1724 Luxembourg. This address is also shared by its main subsidiary, Aubusson Capital Partners S.A., as well as several other entities under the Aubusson group. However, it’s essential to understand that these companies maintain their separate legal identities and governance structures.

Customer Service

Aubusson Holding S.A., primarily focused on its role as a financial holding entity, doesn’t have a dedicated customer service department for the general public. Nonetheless, they can be contacted through conventional means for inquiries or requests regarding their corporate affairs. The contact details are as follows:

– Aubusson Holding S.A.

  – Address: 33, Boulevard Prince Henri, L-1724 Luxembourg

  – Phone: +352 26 20 30 40

  – Email: [email protected]

Conclusion

In conclusion, Aubusson Holding S.A. is a legitimate financial holding company operating from Luxembourg. It has no involvement in fraudulent activities or scams associated with the website www.aubusson-gestion.com or the unknown individuals impersonating the company. The CSSF has issued a warning to alert the public about these fraudulent actors, urging everyone to exercise caution and report any suspicious interactions or activities. Aubusson Holding S.A. maintains a diversified portfolio of investments in various sectors and industries, operating through its subsidiaries and affiliates in Luxembourg and beyond. Trustworthy and committed to regulatory compliance, it remains a reliable choice for investors seeking opportunities in the financial sector.