KayaFX - Investment scammers rip off traders
KayaFX pretends that traders are granted fantastic terms and conditions to cash in on online trading as quickly as safely. Everything at KayaFX is investment fraud. The money has landed right into the pockets of the investment scammers. Not a penny has been invested. Everything the investor sees on his screen is fake. Nothing is traded at KayaFX. How does the investor get his money back? What can investors do who have been scammed by KayaFX? What help is available for investment fraud?
KayaFX: Unbelievable statements on kayafx.com!
What do the stunned investors have to reciprocate on www.kayafx.com? "If you've ever wondered what Forex trading is all about or what it takes to get started, we have the right answers for you. With KayaFX you can either open a demo account where you can emulate real trading with Virtual Money, or you can open a real money account and start investing immediately with the help of our professional brokers who are always at your disposal. Experienced traders are also invited to use our powerful tools designed to meet and exceed the requirements for high-level trading." This is just a small quote of the exaggerated affirmations that interested parties can find on KayaFX's website. Not a single one of these lofty assurances from KayaFX has been delivered. Unfortunately, the questionable business conduct rather makes for unhappy investors and miserable experiences! "
KayaFX: The domain entry is hidden!
Of course, the investment scammers do not want themselves to be easily tracked down. That is why the website has no imprint with the full details and addresses of the website operators. Also, the domain data of the website kayafx.com does not contain any indication of who registered the site, but only that the registration was made on 03.11.2016 with NameCheap, Inc. and that the real domain owners are hiding behind the Icelandic anonymization service Withheld for Privacy ehf.
KayaFX: Who is behind the investment fraud?
Investors will not be able to answer this question. The investment scammers disguise their identity perfectly - almost. This is normal because the investment scammers regularly operate various websites where they offer their fraudulent business models. In the present case of KayaFX, the website has already been shut down. And who is the operator? On the kayafx.com website, there was the following information: "KayaFX is owned and operated by AlphaTec LTD, Mazars House, Gelderd Road, Leeds, England, LS27 7JN." A worldwide search for AlphaTec LTD in the relevant registers leads to a result in the UK company register. This was registered on 11/12/2001 by Mr. and Mrs. Vaudin, but have no license to conduct such business.
KayaFX: The customer acquisition of the investment scammers
There is a classic scheme of investment fraud. To acquire new customers, the offers of KayaFX are advertised in all possible media and channels. Thus, advertisements are often placed on platforms for financial investments or even on social media. Most of the time, these recommendations are false promises. In addition, they upload videos on Youtube or Vimeo, in which prospective customers are convinced with false references. Here, celebrities report about their experiences with online trading. All lies! Everything fake! Everything fake! Nothing is real! In parallel, an affiliate program is often launched to motivate others to intensively promote KayaFX.
KayaFX: 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. Usually, the investors start with a small sum as employment. Beforehand, investors are also 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 subsequently manipulated 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 to entice the customer to place further high stakes. In some cases, even small sums are returned to lull investors into a sense of security. Who then does not want to further increase the stakes? But what happens next?
KayaFX: 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, who still claim 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 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 these payments 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, 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 "saving angel" regularly comes forward, claiming to have uncovered the whole scam. He impresses with his insider knowledge. No wonder, since he is part of the fraudster gang. The next rip-off! And of course, the "saving angel" also wants a small fee - in advance!
KayaFX: Scheme of investment fraud?
There is no authorization from the online broker KayaFX. KayaFX lacks regulation by a recognized European supervisory authority, such as the English Financial Conduct Authority (FCA) or the Cyprus Securities and Exchange Commission (CySec), which is often used by brokers. Likewise, there is no approval from the Swiss Financial Market Supervisory Authority (finma), which is responsible for Switzerland, or the Financial Market Authority (FMA) of Austria. For this, there is a warning issued by the FCA on 29.03.2018. It is hard to miss that KayaFX is a scheme of capital investment fraud. All investors harmed by KayaFX are advised to consult an investment fraud attorney as soon as possible.
KayaFX: Where are the investment fraudsters actively operating?
Unfortunately, the illegal activities of KayaFX were not limited to the English-speaking world. Because KayaFX is equally targeting Spanish-speaking traders, it is only a matter of time before these scammers come forward as well. Going through the list of regulators is advisable before making any financial commitment to reduce the risk of becoming a victim of investment fraud.
KayaFX: Investors want their money back!
The mixed situation is far better than it appears. Those affected can take legal action against those involved in the investment fraud and demand their invested money back. At present it is not to be expected that the investment fraudsters of KayaFX are caught soon, nevertheless, there is reason to hope. Hope because the funds flowed through accounts provided by banks concerned about a good reputation. They failed to check the traders' deposits, some of which were large and therefore subject to control, and their forwarding for legality. This negligence enabled the investment fraudsters to carry out their criminal activities in the first place.
KayaFX: They want their money back! How does it work?
Armed with this knowledge, investors would not have gotten involved in investing with KayaFX. Now the only alternative left for victims is to seek redress. Many investors can't 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 are obliged to take action against money laundering. This is where we start with good prospects of success. Essential questions should be answered in advance. Where did the funds embezzled by KayaFX disappear to? Is there a possibility for the defrauded investors to get back their money invested with KayaFX? What action is required now? Such questions can best be answered by a lawyer specializing in capital investment fraud.
KayaFX: Who can help?
What to do in case of investment fraud? What help with investment fraud can victims of KayaFX hope for? KayaFX victims will ideally find the help they need from an experienced investment fraud attorney. He or she will be able to take care of your case with KayaFX 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 a possibility because he is also familiar with the methods of fraudulent brokers, such as KayaFX.
KayaFX: Follow the money!
For over three decades, the internationally active investor protection law firm Resch Rechtsanwälte has been pursuing such abuses in the unregulated capital market. The approach of KayaFX is nothing new in this respect. Over the years, Resch Rechtsanwälte has developed effective equipment for tracking down misappropriated capital and tracing the flow of funds. In the age of the Internet, it has become almost impossible to make funds disappear. The sooner traders follow the money trail, the greater the chances that they will get back their invested capital. Above all, investors must harm by KayaFX takes action immediately.
RESCH Attorneys at Law - Experience in investor protection since 1986
If you have become a victim of KayaFX 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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