New Traders Holdings FX - British FCA warns of investment fraud

The apparent online broker New Traders Holdings FX claims to be a reputable provider of online trading. However, there are numerous indications that New Traders Holdings FX is not doing things by the book. More and more traders are reporting telephone terror, rip-offs and investment fraud at New Traders Holdings FX. All of them have lost their capital invested with New Traders Holdings FX. Serious doubts are spreading. Meanwhile, many New Traders Holdings FX investors are worried that it is an investment scam. The website of New Traders Holdings FX can still be accessed. All New Traders Holdings FX investors are wondering if they have been victims of an investment scam? And what can New Traders Holdings FX investors do if the suspicion of investment fraud is confirmed? How can New Traders Holdings FX investors get their money back? Does it make sense to file a criminal complaint against New Traders Holdings FX with the police? Where can I get help with investment fraud?  



New Traders Holdings FX: Exaggerated promises on the website
What do unsuspecting investors have to read on the New Traders Holdings FX website? "New Traders Holdings will work tirelessly to ensure that you are completely satisfied with your experience. We are dedicated to providing our clients with five-star customer service, backed by an expert support team that is available 24/7. We also understand that not all investors are the same. New Traders Holdings will work with you to set your own goals and strategies, and create a customized environment to match. New Traders Holdings is all about you, and always will be." This is just a small sample of the implausible affirmations that interested parties can find on the New Traders Holdings FX website. None of these given assurances by New Traders Holdings FX have been kept. Regrettably, the troubling business practices rather make for disappointed investors and miserable experiences!


New Traders Holdings FX: Hide-and-seek domain entry!
Remarkable for the business practices of the New Traders Holdings FX makers is that the website does not contain an imprint. Thus, the complete information about the legally responsible operators of the website is missing. If one takes a look at the domain data of the website of New Traders Holdings FX, there are no references to the operators to be found. The real domain owners hide behind the Panamanian anonymization service WhoisGuard, Inc.


New Traders Holdings FX: Who is behind it?
Answering this question will be rather difficult for many investors, as the New Traders Holdings FX makers do everything they can to conceal the true circumstances. However, this is nothing unusual. The perpetrators mostly operate several of these websites with the same fraudulent business model. These are created in advance, quickly put online and just as quickly shut down. The top-level domain is often changed to deceive financial regulators and law enforcement agencies. Again, on the one hand we have the domain, which was registered on 20/02/2020 and on the other hand we have, which was registered as recently as 30/11/2020. But who is the operator? On the website of New Traders Holdings FX there is only sparse information about this. It is stated as the business address Trust Company Complex, Ajeltake Road, Ajeltake Island, Majuro, MH96960. Connoisseurs know that this is a mailbox address on a Pacific atoll. In addition, there is the obligatory support e-mail address and a British telephone number. The worldwide search for New Traders Holdings FX in the relevant registers leads to no result. This makes it clear that this is a pure fantasy product.


New Traders Holdings FX: The customer acquisition of the investment fraudsters
Here the same procedure can be found again and again: In order to attract new customers, the offers of New Traders Holdings FX are propagated in all conceivable media and channels. Often these are false promises. In addition, they upload promotional videos on YouTube, in which interested investors are convinced with false references. Here, supposed celebrities report on their experiences with online trading and cryptocurrencies, often with the erroneous reference to the TV show "Die Höhle der Löwen". With the same intention, a mostly aggressive affiliate program is launched to spur others to intensively promote New Traders Holdings FX.


New Traders Holdings FX: 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 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?


New Traders Holdings FX: repayment of money is subject to conditions
Once in, exit is mostly impossible. Rather, the administrators of the investment scammers tie a repayment of the money to further deposits. This is where employees come in, claiming alleged tax debts and commission payments. If these are settled, it would come to the disbursement of the allegedly obtained profits. The perpetrators send the investors self-made tax and commission statements, often decorated with fake coats of arms. These would have to be paid urgently. A clearing with the allegedly obtained profits, is never possible. If an investor refuses further deposits, alleged profits are converted by senseless transactions into losses and the customer maximally damaged. This is not the end of the horror, but investors are permanently confronted with calls from other dubious providers. This indicates that the contact details of the investors are further traded among the investment fraudsters. In the end, a "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" also wants a small fee - up front!


New Traders Holdings FX: Scheme of investment fraud?
There is no legitimacy of the online broker New Traders Holdings FX. New Traders Holdings FX lacks regulation by a recognized European financial regulator, such as the UK 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 from the FCA. This is the British supervisory authority for the financial market and financial services. It is easy to see that New Traders Holdings FX is a scheme of capital investment fraud. All traders harmed by New Traders Holdings FX should be advised to consult an investment fraud attorney immediately.


New Traders Holdings FX: Where are the fraudsters active?
Certainly, investors are dealing with New Traders Holdings FX investment fraud in Germany, Switzerland and Austria. The activities of New Traders Holdings FX were by no means limited to German-speaking countries. Because New Traders Holdings FX is also targeting investors in the English-speaking world, those who have been defrauded will soon be contacting them there as well. A look at the list of regulators is recommended before any financial commitment to reduce the risk of becoming a victim of investment fraud.


New Traders Holdings FX: Claims for damages against banks involved
It is mandatory for anyone wishing to provide financial services and investment transactions in Germany to first obtain a license from the German Federal Financial Supervisory Authority (BaFin). It is prohibited to conduct, support or facilitate such transactions, even across borders into Germany. Persons and companies who nevertheless participate in such transactions are obliged to pay damages to the traders who have suffered losses. The investment fraud cases would have been unfeasible without such banks.


New Traders Holdings FX: Investors want their money back!
Fortunately, the situation is more promising than it seems. The aggrieved investors can defend themselves and reclaim the invested capital. As of now, it is unlikely that the investment fraudsters of New Traders Holdings FX will be caught soon, but there is still 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. These obviously failed to check the investors' deposits, some of which were large and therefore subject to controls, and their onward transfer for illegality. These omissions enabled the investment fraudsters to carry out their criminal activities in the first place.


New Traders Holdings FX: They want their money back! How does it work?
Knowing this, no investor would have agreed to do business with New Traders Holdings FX. Now the only way left for the defrauded is to seek redress. 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 prospects of success. In this regard, essential questions should be clarified. Where did the money embezzled by New Traders Holdings FX go? Is there a possibility for the victims of the investment fraud to get back their money invested with New Traders Holdings FX? What action is due now? Such questions can best be answered by an attorney specializing in investment fraud.


New Traders Holdings FX: Who can help?
What to do in case of investment fraud? What help in the case of investment fraud can the victims of New Traders Holdings FX hope for? New Traders Holdings FX victims can 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 New Traders Holdings FX 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 can also be considered, because he is also familiar with the methods of fraudulent brokers, such as New Traders Holdings FX.


New Traders Holdings FX: Follow the money trail!
Abuses of this kind on the non-regulated capital market have been pursued by the investor protection law firm Resch Rechtsanwälte for more than three decades. Accordingly, the conduct of New Traders Holdings FX is nothing new. Over the decades, Resch Rechtsanwälte has developed powerful tools for tracking down the evaded money and tracing the money flows. In times of the Internet, it has become extremely difficult to actually make funds disappear. The more expeditiously investors follow the money trail, the more promising it is that they can have their money secured. It is now important that those who have been harmed by New Traders Holdings FX take immediate action.


RESCH Attorneys at Law - Experience in investor protection since 1986
If you have been a victim of New Traders Holdings FX 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.