Fraud instead of stocks
Futo Trading gives the impression that investors are offered excellent opportunities to make money as quickly as safely with shares and time deposits. With Futo Trading everything is investment fraud. Everything the investor sees on his screen is fake. Not a cent has been invested. The money has landed right in the pockets of investment scammers. Nothing is traded on futotrading.com. Have you had similar experiences? What help is there for investment fraud? What can investors do who have been scammed by Futo Trading? How can investors get their money back from dubious providers?
Futo Trading: promises are suspect and dubious
What do unsuspecting prospective investors have to read on futotrading.com? "We are experts in comprehensive, quantitative risk management. Whether currency, equity, spread, or interest rate risks, as part of our holistic approach we guide your portfolio through uncertain market phases. Transparent, cost-efficient, dynamic." This is just a small passage of the over-the-top promises prospective clients find on Futo Trading's website. None of these lofty assurances from Futo Trading have been delivered. Disappointingly, the questionable business conduct rather ensures disappointed investors and miserable experiences!
Futo Trading: Who is behind it?
Since the Futo Trading makers do everything to conceal the true circumstances, it should be quite difficult for very many investors to answer this question. This is not uncommon because the perpetrators usually run several of these websites with the same fraudulent business model. They are produced continuously, uploaded to the Internet one after another, and taken offline just as quickly, moreover, the top-level domain is changed again and again to fool financial regulators and law enforcement agencies.
But who operates Futo Trading?
There is no actionable information about this on Futo Trading's website. Although the company Futo Trading Kft, a kind of Hungarian limited liability company, is given with the address 80 Wood Street, Barbican, EC2 5AS, LONDON, United Kingdom, the makers of Futo Trading cannot be found there, after all, it is a dummy address. Besides, there is the e-mail address futotrading.com and the British telephone number +44 1904 891974. The domain futotrading.com was registered on 23.06.2022 with GoDaddy.com, LLC. A warning from the German financial regulator BaFin has been in place since 11/18/2022.
Futo Trading: Scheme of the investment fraud
The investment fraud follows the same pattern: investors initially put in a small sum - usually 250 euros - are impressed by how quickly this amount increases and are therefore willing to "invest" ever higher sums. The disputes take their course if investors want to have their money paid out, because then ostensibly all at once taxes, commissions, fees, or otherwise must be paid. Many investors get much too delayed with the fact that they are an investment fraud aufgesessen and never the intention existed to disburse the money again.
Futo Trading: What help is there for investment fraud?
What to do in case of investment fraud, many aggrieved investors ask themselves, because a criminal complaint hardly makes sense, since criminal complaints serve primarily the prosecution, but not the recovery of the money. What kind of help is available for investment fraud and how do injured investors get their money back? An attorney specializing in investment fraud knows how to follow the money trail because as they used to say, money is never gone, it's just somewhere else. Now, this can be added to: It is exhausting, but with the proper tools, it is possible to track money digitally regularly - even if it was transferred using Bitcoin through a crypto exchanger.
RESCH Rechtsanwälte GmbH - Experience in investor protection since 1986
If you have been a victim of Futo Trading and want to know if and how you can get your money back, call +49 30 885 9770 or fill out the questionnaire. You will receive a free assessment of your case.
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