The apparent online broker Fnpmarkets poses as a decent platform for online trading. However, there is ample evidence that there are significant shortcomings at fnpmarkets. Reports are accumulating from traders about fnpmarkets, talking of telephone terror, rip-offs and investment fraud. Many have lost their money invested with fnpmarkets. Serious doubts are spreading. Meanwhile, many fnpmarkets traders fear that it is an investment scam. The fnpmarkets website has not yet been shut down. All fnpmarkets traders are wondering if they have become victims of investment scammers? And what can fnpmarkets traders do if the suspicion of investment fraud is substantiated? How can fnpmarkets traders get their money back? Does it make sense to file a criminal complaint against fnpmarkets with the police? Where can I get help in case of investment fraud?
fnpmarkets: Questionable claims on fnpmarkets.co!
What do the stunned investors read on the fnpmarkets website? "Here at Fnpmarkets you forget about commissions and focus on trading and making profits. We know that many brokers in this industry apply commissions to account opening, but not us. Every trader must have an answer to these questions before they start trading. The financial market is constantly moving and you must have a good plan that does not allow you to chase the waves. Success sets in where the market opportunities meet your preparation. Create a good plan and leave some room for change every time you want to update your expectations and goals. Traders tend to control everything in the market. Remember this. You cannot control the market, you can only control yourself. Create a strict self-discipline and self-control." This is just one small passage of the suspect affirmations traders find on the fnpmarkets website. Not a single one of these lofty promises made by fnpmarkets has been fulfilled. Sadly, the disturbing business practices tend to make for unhappy traders and bad experiences!
Fnpmarkets: Experiences of other traders
What experiences with Fnpmarkets do other traders report? Unfortunately, there is no good news. Both in the reports of German-speaking traders and in the reviews of English-speaking traders, negative experiences with Fnpmarkets are reported. The general tenor is: Hands off Fnpmarkets! Have you also had bad experiences with Fnpmarkets?
fnpmarkets: Hide and seek domain entry!
Remarkable for the business practices of the fnpmarkets 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 fnpmarkets.co, one finds no reference to the operators there and finds that the website was only registered on 29.06.2021 and that the real domain owners are hiding behind the anonymisation service PrivacyGuardian.org.
fnpmarkets: Who is behind it?
Many investors will find it rather difficult to answer this question, as the fnpmarkets 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? There is no information about this on the website fnpmarkets.co. A business address is completely missing, only two email addresses can be found among the contact details. A worldwide search for fnpmarkets in the relevant registers leads to no result and makes it clear that this is a pure fantasy product.
fnpmarkets: The customer acquisition of the investment scammers
The same approach can be found here again and again: In order to acquire new traders, the offers of fnpmarkets are advertised in all available media and channels. For example, advertisements are placed in social media such as Facebook. It is not uncommon for the offers to be false information. Furthermore, they upload 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". At the same time, an affiliate programme is usually launched to give others an incentive to beat the advertising drum for fnpmarkets.
fnpmarkets: 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?
fnpmarkets: Repayment of the money is 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!
fnpmarkets: Is it investment fraud?
There is no legitimisation of the fnpmarkets trading platform. fnpmarkets lacks regulation 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 also obvious that fnpmarkets is a scheme of capital investment fraud. All victims of fnpmarkets are advised to consult an investment fraud lawyer as soon as possible.
fnpmarkets: Where are the investment fraudsters active?
Unfortunately, the illegal activities of fnpmarkets were not limited to the English-speaking world. Because Capital Swiss 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.
fnpmarkets: Investors want their money back!
The circumstances are by no means as hopeless as they appear. The injured parties can defend themselves and reclaim the invested capital. At present, it is rather unlikely that the fnpmarkets investment scammers will be caught soon, but there is nevertheless reason to hope. Especially because the transactions of the funds went through accounts that were actually provided by reputable financial institutions. Unfortunately, those responsible neglected to check the traders' deposits, some of which were high and therefore subject to controls, and their forwarding for legality. Such negligence enabled the investment fraudsters to carry out their criminal activities in the first place.
fnpmarkets: You want your money back! How does it work?
Equipped with this knowledge, the traders would never have entered into a business relationship with fnpmarkets. Now the only option left for the victims is to seek redress. Many investors cannot even imagine that there is any real chance of ever seeing their money again. Definitely 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 start if there is a good chance of success. For this purpose, essential questions should be answered. To which destination were the funds embezzled by fnpmarkets sent? Are there realistic prospects that the victims of investment fraud will get back the money they invested with fnpmarkets? What actions are required now? A lawyer specialised in investment fraud will best answer such questions for you.
fnpmarkets: Who can help?
What to do in case of investment fraud? What help can victims of fnpmarkets hope for in the event of investment fraud? Victims of fnpmarkets will ideally find the help they need from an experienced investment fraud lawyer. He will be able to take care of your fnpmarkets case 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 also comes into question because he is also familiar with the methods of fraudulent brokers such as fnpmarkets.
fnpmarkets: Follow the money trail!
Such abuses on the grey capital market have been pursued by the internationally active investor protection law firm Resch Rechtsanwälte for over 30 years. The approach of fnpmarkets is therefore nothing new. Over the years, Resch Rechtsanwälte have developed powerful equipment for tracking down investments that have been set aside and tracing the flow of money. In times of the internet, it has become really difficult to actually make funds disappear. The sooner those affected follow the money trail, the greater the chances that they will get back the capital they have invested. What is important now is that those harmed by fnpmarkets react without delay.
RESCH Rechtsanwälte - Experience in investor protection since 1986
If you have been a victim of fnpmarkets 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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