Warning Investors Fexmon Global Ltd – Regarding operating the website www.fexmongloballltd.com, has been operating as an investment firm / investment business firm in the State in the absence of appropriate authorisations.
Introduction:
In today’s complex financial landscape, it’s crucial to exercise caution and due diligence when considering investment opportunities. Fexmon Global Ltd, an entity that claims to be an investment firm operating in Ireland, has come under scrutiny for various reasons. In this review, we’ll explore the concerning aspects of this organization and provide you with essential information to make an informed decision about your investments.
Regulation and Compliance:
One of the most significant red flags concerning Fexmon Global Ltd is its lack of authorization from the Central Bank of Ireland (CBI). On August 17, 2023, the CBI issued a stern warning, declaring that Fexmon Global Ltd was operating as an unauthorized firm. This notice, essentially, advises consumers to steer clear of any dealings with the company. It’s important to note that investing with unregistered entities may strip you of certain protections, such as eligibility for compensation from the Investor Compensation Scheme or the Financial Services and Pensions Ombudsman.
Customer Support and Customer Reviews:
An excellent way to gauge the legitimacy of any investment firm is to examine the experiences of its customers. Sadly, Fexmon Global Ltd falls short in this department, with only a handful of online reviews, the majority of which paint a disconcerting picture. Numerous customers have reported falling victim to scams orchestrated by the company. Their grievances include financial losses, difficulties in withdrawing funds, harassment from company agents, and a complete lack of response from the customer service team.
Products and Services:
Fexmon Global Ltd markets an extensive range of financial products and services, encompassing forex trading, binary options, stocks, commodities, cryptocurrencies, and more. However, these offerings are not subject to any regulatory oversight, either in Ireland or elsewhere. Furthermore, the company provides inadequate information regarding its trading platform, fees, risk disclosure, terms and conditions, and privacy policy. This lack of transparency leaves investors in the dark about the risks associated with their investments.
Location:
A further cause for concern is the dubious nature of Fexmon Global Ltd’s physical address. The company claims to operate from the 2nd Floor, 13 Upper Baggot Street, Dublin 4, Ireland. However, this address is not registered with the Companies Registration Office (CRO) in Ireland. In fact, there’s no record of Fexmon Global Ltd being legally incorporated or registered in Ireland. To compound these issues, the company’s website domain, www.fexmongloballltd.com, was registered by an individual named John Smith, who used a generic email address and phone number, casting a shadow of suspicion on the credibility of the company.
Customer Service:
Fexmon Global Ltd asserts that it can be reached via phone at +353 1 254 9499 and through email at [email protected] for customer service inquiries. However, many customers have attested to their inability to contact the company using these provided channels. Some have reported receiving calls and emails from the company’s agents, who employ different contact information, pressuring customers to invest more funds or resorting to legal threats when withdrawal requests are made.
Conclusion:
In light of the alarming evidence presented, it is abundantly clear that Fexmon Global Ltd cannot be regarded as a legitimate investment firm in Ireland. It seems to operate as a fraudulent scheme designed to exploit unsuspecting investors. We strongly advise you to avoid any involvement with this entity and, should you have encountered them or invested with them, to promptly report your experience to the Central Bank of Ireland. Seeking professional guidance to recover your investments and protect your rights is also strongly recommended in such cases. Vigilance and prudent decision-making are your best defense in the world of investments.
