European Markets Consulting - FCA warning
The apparent online broker European Markets Consulting poses as a credible platform for online trading with cryptocurrencies. However, there are numerous indications that unacceptable conditions prevail at European Markets Consulting. More and more traders are reporting telephone terror, rip-offs and investment fraud at European Markets Consulting. Many have lost the money they invested with European Markets Consulting. Serious doubts are spreading. Meanwhile, many investors in European Markets Consulting are afraid that it is an investment scam. The website of European Markets Consulting is still open. All investors in European Markets Consulting are asking themselves whether they have become victims of investment fraud? And what can European Markets Consulting traders do if the suspicion of investment fraud is substantiated? How can European Markets Consulting traders get their money back? Does it make sense to file a criminal complaint against European Markets Consulting with the police? Where can I get help in case of investment fraud?
European Markets Consulting: Shady promises
What do the stunned traders have to read on www.europeanmarketsconsulting.pro? "European Markets Consulting aims to go above other brokers in all aspects. When it comes to leverage in forex, we do not let you down. As other brokers are lowering their leverage around the world, we provide you with a leverage of 1:500. Since we go rigorously after risk management steps, we are offering a Negative Balance Protection also. A very important part of a team is effective communication between the company and clients. We believe that being available for our clients and listening to their voices is an added value for us. We have been serving millions of traders trading Forex in our platforms for many years. We have gained an extraordinary level of expertise on Forex trading because of the experience and by adapting the latest techniques and technologies in trading online. We are always listening to our client's suggestions to improve or change any aspects of our services, and we are at a point right now, staying proud and strong in the market, because of the undoubtful quality of our trading services." This is only a small excerpt of the suspicious assurances that interested parties can find on the website of European Markets Consulting. Not a single one of these noble assurances by European Markets Consulting has been kept. Unfortunately, the suspect business practices tend to make for unhappy traders and miserable experiences!
European Markets Consulting: Hide and seek with the domain entry!
Remarkable for the business practices of the European Markets Consulting makers is that the website does not contain any imprint with full details of the legally responsible operators of the website. If one looks at the corresponding domain data of the website europeanmarketsconsulting.pro, one finds no reference to the operators there and finds that the website was only registered on 08.09.2021 with NameCheap, Inc. and that the real domain owners are hiding behind the Icelandic anonymisation service Withheld For Privacy.
European Markets Consulting: Who is behind it?
Many investors will find it rather difficult to answer this question, as the European Markets Consulting makers do everything they can to conceal the true circumstances. This is not unusual, however, as the perpetrators often operate several of these websites with the supposedly same business model and quickly put them online, but also shut them down again just as quickly. In many cases, the top-level domain is also frequently changed, possibly in order to deceive the financial supervisory and law enforcement authorities. And who is the operator? On the website europeanmarketsconsulting.pro there is only scanty information about this. At the bottom of the website, for example, one finds the following note in miniature: "europeanmarketsconsulting.pro is owned and operated by Infinium Solutions Ltd, a company incorporated under the laws of Commonwealth of Dominica, with Registration Number: 2021/IBC00036, and whose registered address if situated at 8 Copthall, Roseau Valley, 00152, Commonwealth of Dominica". Commonwealth of Dominica? Dominica (officially Commonwealth Dominica) is an island nation in the Lesser Antilles in the Eastern Caribbean, popular with offshore companies due to its lax legislation and often used by criminals for shell companies. A search for the company Infinium Solutions Ltd. in the company register of the Caribbean island of Dominica reveals that it was only registered there on 5 May 2021.
European Markets Consulting: The customer acquisition of investment fraudsters
The same approach can be found here again and again: In order to attract new customers, the offers of European Markets Consulting are propagated in all possible media and channels. For example, advertisements are placed in the social media, such as Facebook. Again and again, these offers are false promises. To increase the deception, they upload promotional films on YouTube in which interested traders are convinced with fictitious references. Here, supposed celebrities report on their experiences with online trading and cryptocurrencies, often with a misleading reference to the TV show "Die Höhle der Löwen". An affiliate programme is often started with the same goal in order to incite others to advertise intensively for European Markets Consulting.
European Markets Consulting: Criminal business practices!
As soon as the customer has registered on the trading platform, he receives calls from alleged financial brokers who like to refer to their many years of experience and their satisfied customer base. In many cases, however, the makers of this business model are fraudsters, against whom the Federal Criminal Police Office and the Federal Financial Supervisory Authority (BaFin) also warn. Investors usually start with a small amount of money. Beforehand, investors are often motivated to install remote maintenance software, such as "Anydesk" or "Teamviewer", on their computers so that assistance can supposedly be provided with the first steps. In many cases, the computer is manipulated afterwards and unwanted transactions are carried out. In the process, the investment fraudsters often also gain access to their victims' online banking. What is particularly criminal, however, is when supposed profits are displayed on the trading platform in order to entice the customer to place further high stakes. Sometimes even small sums are paid back to lull investors into a sense of security. Who then does not want to increase the stakes further? But what happens next?
European Markets Consulting: Repayment of the money will be subject to conditions
However, an exit is then usually no longer possible; rather, repayment of the money is linked to further payments. This is where the employees come in, claiming alleged tax debts and commission payments. These would first have to be settled, then the alleged profits would be paid out. For this purpose, tax and commission invoices are sent to the investors, which are often decorated with fake coats of arms and, of course, have to be paid urgently. However, it is never possible to offset them against the supposedly achieved profits. If one refuses to make these further payments, the supposed profits are often turned into losses and the customer is harmed to the maximum. However, this is usually not the end of the horror; investors are often permanently confronted with calls from other dubious providers, which indicates that the investors' contact details are further traded among the investment scammers. In the end, the "saviour" regularly comes forward, claiming to have uncovered the whole scam. He impresses with his insider knowledge. No wonder, since he is part of the fraud gang. The next rip-off! And of course the "saviour" also wants a small fee - in advance!
European Markets Consulting: Scheme of Investment Fraud?
There is no legitimisation of the trading platform European Markets Consulting. European Markets Consulting is not regulated by a recognised European supervisory authority, such as the English Financial Conduct Authority (FCA)or the Cyprus Securities and Exchange Commission (CySec), which is frequently used by brokers. Similarly, there is no authorization from the Swiss Federal Financial Supervisory Authority (finma) or the Financial Market Authority (FMA) of Austria, which is responsible for Switzerland. It is hard to overlook the fact that European Markets Consulting is a scheme of capital investment fraud. All those harmed by European Markets Consulting are advised to immediately consult an investment fraud lawyer.
European Markets Consulting: Where are the fraudsters active?
Unfortunately, the illegal activities of European Markets Consulting were not limited to the English-speaking world. Because European Markets Consulting also addresses German-speaking investors, it is only a matter of time before the defrauded investors of this speaker group also come forward. Going through the list of regulators is recommended before any financial commitment in order to reduce the risk of becoming a victim of investment fraud.
European Markets Consulting: Investors want their money back!
Fortunately, the situation is more promising than it appears. The aggrieved investors can defend themselves and demand the return of the money they invested. At the moment, it is not likely that the investment fraudsters from European Markets Consulting will be apprehended soon, but there is still reason to hope. This is especially true because the money transactions were carried out via accounts provided by financial institutions that are concerned about their good reputation. Their managers obviously failed to check the traders' deposits, some of which were high and therefore subject to controls, and their forwarding for illegality. These delays enabled the investment fraudsters to carry out their criminal activities in the first place.
European Markets Consulting: You want your money back! How does that work?
Equipped with this knowledge, the interested parties would never have entered into a business relationship with European Markets Consulting. Now the only alternative left for the defrauded is to seek compensation for the loss. Many investors cannot even imagine that there is any real chance of ever seeing their money again. Clearly yes! There are numerous legal bases to fall back on. The generic term is "money laundering". When investment fraudsters collect money, the offence of money laundering has been committed. Financial institutions are obliged to take action against money laundering. This is where we come in if there is a good chance of success. To this end, essential questions should be clarified. To what destination were the funds moved by European Markets Consulting? Is there a realistic chance that the victims of investment fraud will get back the money they invested with European Markets Consulting? What precautions should be taken next? A lawyer specialised in investment fraud will be happy to answer such questions thoroughly for you
European Markets Consulting: Who can help?
What to do in case of investment fraud? What help can victims of European Markets Consulting hope for in the event of investment fraud? Victims of European Markets Consulting will ideally find the help they need from an experienced investment fraud lawyer. He will be able to take care of your case with European Markets Consulting both in terms of the criminal aspects of the investment fraud, as well as the recovery of funds and possible claims for damages. A lawyer for trading is also an option, because he is also familiar with the methods of fraudulent brokers such as European Markets Consulting.
European Markets Consulting: Follow the money trail!
Such abuses on the unregulated capital market have been pursued by the internationally active investor protection law firm Resch Rechtsanwälte for more than 30 years. As a result, the approach of European Markets Consulting is nothing really new. In the course of time, Resch Rechtsanwälte have developed powerful equipment for tracking down the evaded capital and tracing the money trail. In times of the Internet, it is becoming more and more difficult to make funds really disappear. The faster traders follow the money trail, the better their chances of getting their invested capital back. What is important now is that the traders harmed by European Markets Consulting take immediate action.
RESCH Rechtsanwälte - Experience in investor protection since 1986
If you have been a victim of European Markets Consulting and want to know if and how you can get your money back, call +49 30 885 9770 or fill in the questionnaire. You will receive a free assessment of your case.
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