PansyFX - Problems with unregulated broker

The alleged online broker PansyFX sells itself as a serious platform for online trading. However, there is ample evidence that unacceptable conditions prevail at PansyFX. Reports from traders about PansyFX are piling up, talking about telephone terror, rip-offs and investment fraud. Traders have lost all their capital invested with PansyFX. Serious doubts are spreading. Meanwhile, many PansyFX traders are worried that it is an investment scam. The PansyFX website can still be accessed. All PansyFX traders are wondering if they have become victims of investment scammers? And what can PansyFX investors do if the suspicion of investment fraud is substantiated? Will PansyFX investors get their money back? Does it make sense to file a criminal complaint against PansyFX with the police? Where can I get help with investment fraud?



PansyFX: Disreputable affirmations on the website
What must the stunned traders read on PansyFX's website? "Our goal is to create the best and most transparent trading environment for retail and institutional clients so that traders can focus more on their trading. PansyFX was developed by traders for traders and aims to provide excellent spreads, execution and service. Since our inception, PansyFX has successfully expanded to serve retail and institutional clients in more than 170 countries - and we continue to grow. As a strong proponent of transparency, we set the highest standards of security for our clients' funds. For this reason, client funds are held with major international banks and are completely segregated from the company's own funds." That's just one small passage of the questionable promises that the curious can find on PansyFX's website. Not one of these lofty promises by PansyFX has been kept. Sadly, the dubious business practices rather make for disappointed investors and bad experiences!


PansyFX: Hide and seek domain entry!
Remarkable for the business practices of the PansyFX makers is that the website does not contain any imprint with full details of the legally responsible operators of the website. If one looks at the corresponding domain data of the website, one finds no reference to the operators there and finds that the website was only registered on 22.09.2021 and that the real domain owners are hiding behind the Icelandic anonymisation service Withheld For Privacy Ehf.


PansyFX: Who is behind it?
Many investors will find it rather difficult to answer this question, as the PansyFX makers do everything they can to conceal the true circumstances. This is not unusual, however, as the perpetrators often operate several 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 in order to deceive the financial supervisory and law enforcement authorities. And who is the operator? On the website there is only sparse information about this. The following information can be found at the end of the website:
"Pansy FX is a trademark of Pansy Group Limited. Pansy Group of companies is authorised and regulated in various jurisdictions. Pansy FX is a trading name of Pansy Group a company registered in Cayman Island. Principal and Registered Office: Dionysus House, 32Fort St, PO Box 8771, Grand Cayman. Authorised by the Cayman Islands Monetary Authority (CIMA) and Mauritius Financial Services Commission (FSC) to carry out investment business."
However, a look at the Cayman Islands Company Register shows that there is no Pansy Group Limited there. Only a Pansy Limited and a Pansy International Limited are registered there. 


PansyFX: The customer acquisition of the investment scammers
The same approach can be found here again and again: In order to gain new customers, the recommendations of PansyFX are advertised in all possible media and channels. For example, advertisements are placed in the social media, such as Facebook. Most of the time, these are false claims. To reinforce the deception, they upload image films 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, a mostly aggressive affiliate programme is started to give others the incentive to intensively promote PansyFX.


PansyFX: 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 many 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, investors are 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 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?


PansyFX: Repayment of the money is subject to conditions
However, an exit is then usually no longer possible; rather, repayment of the money is linked to further payments. This is where the employees come in, claiming alleged tax debts and commission payments. These would first have to be settled, then the alleged profits would be paid out. 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 them 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; investors are often permanently confronted with calls from other dubious providers, which indicates that the investors' contact details are further traded among the investment scammers. In the end, the "saviour" 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 "saviour" also wants a small fee - in advance!


PansyFX: Scheme of investment fraud?
There is no regulation of the PansyFX trading platform. PansyFX 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. Similarly, there is no authorization from the Swiss Federal Financial Supervisory Authority (finma) or the  Financial Market Authority (FMA) of Austria, which is responsible for Switzerland. It is also difficult to overlook the fact that PansyFX is a scheme of capital investment fraud. All investors harmed by PansyFX are advised to consult an investment fraud lawyer as soon as possible.


PansyFX: Where do the scammers operate?
Unfortunately, the illegal activities of PansyFX are not limited to the English-speaking world. Because PansyFX also addresses German-speaking investors, it is only a matter of time before the defrauded investors of this speaker group also come forward. Going through the list of regulators is recommended before any financial commitment in order to reduce the risk of becoming a victim of investment fraud.


PansyFX: Investors want their money back!
Fortunately, the situation is more promising than it seems. The victims can take countermeasures and demand the return of their invested capital. At the moment, it is unlikely that the PansyFX investment fraudsters will be caught soon, but there is still reason to hope. Hope because the money flowed through accounts that were actually provided by reputable financial institutions. Unfortunately, those responsible failed to check the traders' deposits, some of which were high and therefore subject to controls, and their forwarding for illegality. Such omissions enabled the investment fraudsters to carry out their criminal activities in the first place.


PansyFX: You want your money back! How does that work?
Equipped with this knowledge, no investor would have got involved in an investment with PansyFX. Now the only alternative left for the deceived is to try to recover the money they invested. Many investors cannot even imagine that there is a real chance of ever seeing their money again. Definitely 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 we start with good prospects of success. In this respect, important points must be clarified. To which destination did the funds embezzled by PansyFX disappear? Are there realistic prospects that the defrauded investors will get back the money they invested with PansyFX? What precautions should be taken now? Such questions can best be answered by a lawyer specialised in investment fraud.


PansyFX: Who can help?
What to do in case of investment fraud? What help can victims of PansyFX hope for in the event of investment fraud? PansyFX victims will ideally find the help they need from an experienced investment fraud lawyer. He will be able to take care of your PansyFX case both in terms of the criminal aspects of investment fraud, as well as the recovery of funds and possible claims for damages. A trading lawyer also comes into question because he is also familiar with the methods of fraudulent brokers such as PansyFX.


PansyFX: Follow the money trail!
The internationally active investor protection law firm Resch Rechtsanwälte has been investigating abuses of this kind on the unregulated capital market for more than three decades. The PansyFX way is therefore nothing new. Over the decades, Resch Rechtsanwälte has developed a powerful range of instruments for tracking down defrauded capital and tracing the flow of money. Making funds actually disappear is becoming increasingly complicated in the age of the internet. The sooner those affected follow the money's trail, the better the chances are that they will get their invested capital back. It is now important that the traders harmed by PansyFX take immediate action.


RESCH Rechtsanwälte - Experience in investor protection since 1986
If you have been a victim of PansyFX 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.