The supposed online broker Ifxcapitals sells itself as a safe platform for online trading. However, there is a lot of information that things are not above board at Ifxcapitals. More and more traders are coming forward talking about telephone terror, rip-offs and investment fraud at Ifxcapitals. Many have lost their money invested with Ifxcapitals. Doubts are spreading. Meanwhile, many investors of Ifxcapitals have the feeling that it is an investment fraud. All Ifxcapitals investors are wondering if they have become victims of investment scammers? And what can Ifxcapitals traders do if the suspicion of investment fraud is confirmed? Will the Ifxcapitals traders get their money back? Does it make sense to file a criminal complaint against Ifxcapitals with the police? Where can I get help with investment fraud?
Ifxcapitals: Dubious affirmations on Ifxcapitals.com!
What must the astonished visitors receive on the Ifxcapitals website? "ifxcapitals is a world-renowned financial services provider offering a range of investment products such as CFDs (Contract for Difference), FX. Our high-tech trading platform offers clients around the world the opportunity to invest in over 1,000 world-class assets such as FX, stocks, commodities, indices. We use the same encryption technology as international banks and major online traders to protect your security and privacy at all times. Your trading assets are kept in segregated bank accounts and are always protected; we will never share your information with third parties. We guarantee no hidden fees and our deposit and withdrawal process is fast, convenient and supported by a variety of payment methods. Our ultimate goal is to unleash your trading potential through cutting-edge technological innovation and financial expertise. This vision is built on the foundation of mutual trust between us and our clients." This is just a small sample of the questionable promises that the curious can find on Ifxcapitals' website. None of these full-bodied promises by Ifxcapitals have been kept. Unpleasantly, the dubious business practices rather provide for disappointed traders and miserable experiences!
Ifxcapitals: Hide-and-seek game with the domain entry!
Remarkable for the business practices of the Ifxcapitals makers is that the website does not contain any imprint with complete information about the legally responsible operators of the website. However, this is a legal obligation for companies that directly address customers on the German market. Consequently, the operators of the website have a legal obligation to provide a summonable address of the owner of the website in the imprint. If these minimum requirements of the Telemedia Act are violated by the operators of a website, this is also a cause for concern. If one looks at the corresponding domain data of the website www.ifxcapitals.com, one finds no reference to the operators there and finds that the website was only registered on 02.06.2020 and that the real domain owners are hiding behind the anonymization service NameCheap, Inc.
Ifxcapitals: who is behind it?
Answering this question will be rather difficult for many investors, as the Ifxcapitals makers do everything they can to conceal the true circumstances. However, this is not unusual, as the perpetrators often operate various 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 also 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 www.ifxcapitals.com. When searching online, one relatively quickly comes across a warning from the Austrian Financial Market Authority FMA dated 01.09.2020: "The FMA may inform the public by means of an announcement on the Internet or in a newspaper with circulation throughout Austria that a named natural or legal person is not authorized to carry out certain banking transactions (Section 1 (1) of the Austrian Banking Act ), provided that this person has given cause for this and that informing the public is necessary and proportionate with regard to possible disadvantages to the person concerned. In an announcement published in the official gazette "Amtsblatt zur Wiener Zeitung" of 01.09.2020, the FMA therefore informs that.
● IFX Banc / ifxcapitals / Global Payment Solutions LLC.
● with alleged registered office in Bul. Dzordza Vasingona 98, 81000, Podgorica, Montenegro.
● +43 720 776 652
● +43 720 145 834
is not authorized to provide banking services requiring a license in Austria. It is therefore not permitted for the provider to engage in commercial trading (Section 1(1)(7) of the Austrian Banking Act )." It is only a matter of time until other financial supervisory authorities such as BaFin or FINMA will join the warning.
Ifxcapitals: The customer acquisition of the investment fraudsters
Here, the same approach can be found again and again: In order to attract traders, the offers of Ifxcapitals are promoted in all available media and channels. For example, advertisements are placed in social media, such as Facebook. To increase the effect, they upload movies on Youtube or Vimeo, in which interested investors are convinced with false 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 program is often started to incite others to intensively promote Ifxcapitals.
Ifxcapitals: 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 years of experience and satisfied customer base. In many cases, however, the makers of this business model are suspected fraudsters, against whom the Federal Criminal Police Office and the Federal Financial Supervisory Authority (BaFin) also warn. Mostly the traders start with a small sum as stake. Beforehand, investors are also often motivated to install remote maintenance software, such as Anydesk or TeamViewer on their computers, so that assistance can allegedly be provided with the first steps. In many cases, the computer is subsequently manipulated and unwanted transactions are carried out. In the process, the investment fraudsters also frequently 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. In some cases, even small sums are returned in order to lull investors into a sense of security. Who then does not want to further increase the stakes? But what happens next?
Ifxcapitals: Repayment of the money is linked to conditions
However, an exit is then usually no longer possible, rather a repayment of the money is linked to further deposits. This is where the employees come in, claiming alleged tax debts and commission payments. These would have to be settled first, then it would come to the disbursement of the allegedly obtained profits. For this purpose, tax and commission statements are sent to the investors, which are often decorated with fake emblems and, of course, have to be paid urgently. A settlement with the supposedly achieved profits is, however, never possible. If one refuses these further deposits, 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, but the investors are often permanently confronted with calls from other dubious providers, which indicates that the contact details of the investors are further traded among the investment scammers. In the end, the "savior" 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 "savior" wants a small fee - in advance!
Ifxcapitals: scheme of investment fraud?
There is no regulation of the Ifxcapitals trading platform. Ifxcapitals lacks authorization by a recognized 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. Likewise, there is no authorization from the Swiss Financial Market Supervisory Authority (finma) or the German BaFin, which is responsible for Switzerland. For this, there is a warning from the Financial Market Authority (FMA). This is the Austrian supervisory authority for the financial market and financial services. It is not hard to see that Ifxcapitals is a scheme of capital investment fraud. All traders harmed by Ifxcapitals are advised to consult an investment fraud lawyer immediately.
Ifxcapitals: where do the fraudsters operate?
Investors are dealing with Ifxcapitals investment fraud in Germany, Switzerland and Austria. The illegal activities of Ifxcapitals are by no means limited to the DACH region. Because Ifxcapitals targets traders in Italy just as specifically, it is only a matter of time until those defrauded from this language group also come forward. A look at the list of regulators is advisable before any financial commitment to reduce the risk of becoming a victim of investment fraud.
Ifxcapitals: Claims for damages against banks
In Germany, a license from the Federal Financial Supervisory Authority (BaFin) is a mandatory requirement for financial services and investment transactions. It is prohibited to conduct, support or facilitate such business, even across borders into Germany. Companies and persons who nevertheless participate in such transactions are obliged to compensate the injured parties. These investment fraud cases would not have been feasible without such banks.
Ifxcapitals: Investors want their money back!
The mixture situation is fortunately more promising, than it seems. The aggrieved investors can take action against those involved in the investment fraud and reclaim their invested capital. At present, it is unlikely that Ifxcapitals' investment fraudsters will be apprehended any time soon, but there is nevertheless reason to hope. The reason for this is the fact that the money transactions were made through accounts that were actually provided by reputable financial institutions. They have demonstrably failed to check the traders' deposits, some of which were large and therefore subject to control, and their onward transfer for legality. Such failures have enabled the investment fraud in the first place.
Ifxcapitals: They want their money back! How does it work?
Equipped with this knowledge, traders would not have engaged in business with Ifxcapitals. Now the only option 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 back. Clearly yes! There are numerous legal bases to fall back on. The generic term is "money laundering." When investment fraudsters collect money, the crime of money laundering is committed. Financial institutions have a duty to take action against money laundering. This is where one starts with good chances of success. Before doing so, essential questions should be answered. To what destination were the funds misappropriated by Ifxcapitals taken? Is there a realistic chance that the victimized traders will get back the money they invested with Ifxcapitals? What actions are advisable now? A lawyer specialized in capital investment fraud will be happy to answer such questions thoroughly.
Ifxcapitals: Who can help?
What to do in case of investment fraud? What help in case of investment fraud can the victims of Ifxcapitals hope for? Victims of Ifxcapitals will ideally find the help they need from an experienced investment fraud attorney. He or she will be able to take care of your Ifxcapitals case both in terms of the criminal aspects of investment fraud, as well as the recovery of funds and possible claims for damages. A lawyer for trading is also a possibility, because he is also familiar with the methods of fraudulent brokers, such as Ifxcapitals.
Ifxcapitals: Follow the money trail!
This kind of malpractice on the non-regulated capital market has been pursued by the investor protection law firm Resch Rechtsanwälte for more than three decades. The procedure of Ifxcapitals is thus nothing really new. Over the years, Resch Rechtsanwälte has developed efficient tools for tracking down investments that have been set aside and tracing the flow of funds. Making funds disappear has become really difficult in times of the Internet. The faster investors track the money, the more likely they are to have their money secured. Now it is important that traders who have been harmed by Ifxcapitals act immediately.
RESCH Attorneys at Law - experience in investor protection since 1986
If you have become a victim of Ifxcapitals and want to know if and how you can get your money back, call 030 885 9770 or fill out the questionnaire. You will receive a free assessment of your case.
Let us help you!
+ 49 30 / 88 59 77 0