INVESTOREXPRO - FCA warns: Broker rips off traders
The apparent online broker INVESTOREXPRO sells itself as a reputable platform for online trading. However, there is ample evidence that INVESTOREXPRO is seriously flawed. More and more investors are reporting telephone terror, rip-offs and investment fraud in connection with INVESTOREXPRO. All have lost their money invested with INVESTOREXPRO. Doubts are the order of the day. Meanwhile, many INVESTOREXPRO investors are afraid that it is an investment scam. All INVESTOREXPRO investors are asking themselves whether they have become victims of an investment fraud? And what can INVESTOREXPRO investors do if the suspicion of investment fraud is substantiated? Will INVESTOREXPRO investors get their money back? Does it make sense to file a criminal complaint against INVESTOREXPRO with the police? Where can I get help with investment fraud?
INVESTOREXPRO: Suspicious promises on the website www.investorexpro.com!
What are the dumbfounded investors being served up on investorexpro.com? "Investorexpro is a leading independent broker offering trading services in Forex, Contracts for Difference (CFDs) and Spread Betting...Our goal is to maximise our clients' trading through a unique blend of superior value proposition, diverse product offering, competitive spreads and outstanding customer service." This is just a small sample of the questionable statements that the curious can find on INVESTOREXPRO's website. Not a single one of these given promises by INVESTOREXPRO has been fulfilled. Unpleasantly, the dubious business conduct rather makes for disappointed investors and bad experiences!
INVESTOREXPRO: Hide-and-seek game with domain entry!
Remarkable for the business practices of the INVESTOREXPRO makers is that the website contains no imprint. Thus, full details of the legally responsible operators of the website are missing. If one takes a look at the domain data of the INVESTOREXPRO website, there are no references to the operators. However, one learns that the domain was only registered with Google LLC. on 11.02.2021. The real domain owners are hiding behind the Canadian anonymisation service Contact Privacy Inc.
INVESTOREXPRO: Who is behind it?
Many investors will find it rather difficult to answer this question, as the INVESTOREXPRO makers are doing everything they can to conceal the true circumstances. However, this is nothing unusual. The perpetrators usually operate several of these websites with the same fraudulent business model. These are created in advance, quickly put on the net and just as quickly shut down. The top-level domain is often changed to deceive the financial supervisory and law enforcement authorities. But who is the operator? On the INVESTOREXPRO website, there is only scant information about this. Neither a company nor a business address is given. There is only the obligatory support e-mail address and the British telephone number +442382280802. A worldwide search for INVESTOREXPRO in the relevant registers leads to no result. This makes it clear that this is a purely fictitious product.
INVESTOREXPRO: Customer acquisition by investment fraudsters
The same approach is used again and again: In order to attract investors, INVESTOREXPRO recommendations are presented in all conceivable media and channels. Often these are false promises. In addition, they upload films on YouTube in which interested investors 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, a mostly aggressive affiliate programme is started in order to give others an incentive to intensively promote INVESTOREXPRO.
INVESTOREXPRO: 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 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, the investors are often motivated to install remote maintenance software such as AnyDesk or TeamViewer on their computers so that they can supposedly receive help 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?
INVESTOREXPRO: Repayment of money is subject to conditions
Once in, it is usually impossible to get out. Instead, the administrators of the investment scams tie the repayment of the money to further deposits. This is where employees come in, claiming alleged tax debts and commission payments. If these are settled, the alleged profits are paid out. The perpetrators send investors self-made tax and commission statements, often decorated with fake coats of arms. These would have to be paid urgently. It is never possible to offset them against the alleged profits. If an investor refuses to make further deposits, supposed profits are turned into losses through senseless transactions and the client is damaged to the maximum. The horror does not end there, but investors are permanently confronted with calls from other dubious providers. This indicates that the investors' contact details are traded on among the investment fraudsters. In the end, a "saviour" regularly calls 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 department! And of course the "saviour" also wants a small fee - up front!
INVESTOREXPRO: Scheme of investment fraud?
The online broker INVESTOREXPRO is not regulated. INVESTOREXPRO lacks the regulation of a recognised European financial 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 approval from the Swiss Financial Market Supervisory Authority (finma) or the Financial Market Authority (FMA) of Austria, which is responsible for Switzerland. Instead, there is a warning from the Comisión Nacional del Mercado de Valores (CNMV) dated 19.07.2021. This is the Spanish supervisory authority for the financial market and financial services. It is easy to see that INVESTOREXPRO is a scheme of capital investment fraud. All victims of INVESTOREXPRO are advised to consult an investment fraud lawyer as soon as possible.
INVESTOREXPRO: Where are the fraudsters active?
Unfortunately, the illegal activities of INVESTOREXPRO were not limited to the English-speaking world. Because INVESTOREXPRO also targets German-speaking investors, it is only a matter of time before the defrauded investors in this group of speakers also come forward. A look at the list of regulators is advisable before any financial commitment in order to reduce the risk of becoming a victim of investment fraud.
INVESTOREXPRO: Investors want their money back!
The situation is far more promising than it appears. Victims can take countermeasures and demand their invested capital back. As things stand, it is unlikely that the INVESTOREXPRO investment fraudsters will be apprehended in the near future, but there is nevertheless reason to hope. The reason for this is the fact that the money transactions took place via accounts provided by banks that were concerned about good reputation. Unfortunately, they neglected to check the sometimes high and therefore controllable deposits of the investors and their forwarding for legality. This negligence made the investment fraud possible in the first place.
INVESTOREXPRO: They want their money back! How does that work?
Knowing this, investors would never have agreed to invest with INVESTOREXPRO. Now the only option left for the deceived is to seek compensation for the loss. Many investors cannot even imagine that there is any real chance of ever seeing their money again. Probably all of them are now asking themselves whether they can get 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 offence of money laundering has been committed. Financial institutions are obliged to take action against money laundering. This is where one starts with good chances of success. For this, essential questions should be clarified. To which destination did the money embezzled by INVESTOREXPRO flow? Is there any chance that the investors who have been cheated will get back the money they invested with INVESTOREXPRO? What precautions should be taken now? A lawyer specialising in investment fraud can best answer such questions.
INVESTOREXPRO: Who can help?
What to do in case of investment fraud? What help can victims of INVESTOREXPRO hope for in the event of investment fraud? Victims of INVESTOREXPRO will ideally find the help they need from an experienced investment fraud lawyer. He or she will be able to take care of your INVESTOREXPRO 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 also comes into question because he is also familiar with the methods of fraudulent brokers such as INVESTOREXPRO.
INVESTOREXPRO: Follow the money!
Such abuses on the grey capital market have been pursued by the internationally active investor protection law firm Resch Rechtsanwälte for more than three decades. In this respect, the actions of INVESTOREXPRO are nothing new. Over the decades, Resch Rechtsanwälte has developed a sophisticated range of instruments for tracking down retained investments and tracing the flow of funds. Making funds really disappear is becoming more and more complicated in times of the internet. The sooner those affected follow the money trail, the greater the likelihood that they will get their invested capital back. Now it is important that those who have been harmed by INVESTOREXPRO take immediate action.
RESCH Attorneys at Law - Experience in investor protection since 1986
If you have been a victim of INVESTOREXPRO 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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