Triton Capital Markets - FMA warns against the unregulated broker

The alleged online broker Triton Capital Markets poses as a trustworthy platform for online trading. However, there are numerous indications that unacceptable conditions prevail at Triton Capital Markets. Reports from traders about Triton Capital Markets are piling up, talking about telephone terror, rip-offs and investment fraud. Many have lost their money invested with Triton Capital Markets. Doubts are spreading. Meanwhile, many traders of Triton Capital Markets are worried that it is an investment fraud. The website of Triton Capital Markets has not (yet) been shut down. All Triton Capital Markets traders are wondering if they have become victims of an investment scam? And what can Triton Capital Markets traders do if the suspicion of investment fraud is confirmed? How can Triton Capital Markets traders get their money back? Does it make sense to file a criminal complaint against Triton Capital Markets with the police? Where can I get help in case of investment fraud?


Triton Capital Markets: Unbelievable promises on!
What are the perplexed investors being served up on "Triton's management team consists of a group of elite financial professionals who have been trading for years and know what it takes to be successful. Our team will stop at nothing to continuously provide you with the best trading conditions so that you can have complete peace of mind when trading. The Triton team has developed a trading brokerage system that is suitable for both novice and experienced traders. The mission of our customer support team is to serve you and your trading needs. We also provide you with a dedicated account manager to assist you with individual trading education as well as anything else you need to start your trading career with us." That's just a small portion of the over-the-top claims prospective traders will find on Triton Capital Markets' website. None of these lofty promises from Triton Capital Markets have been kept. Unfortunately, the dubious business practices tend to make for unhappy investors and miserable experiences!



Triton Capital Markets: Hide-and-seek game with the domain entry!
Remarkable for the business practices of the Triton Capital Markets makers is that the website does not contain any imprint with complete information about the legally responsible operators of the website. Looking at the corresponding domain data of the website, one finds a reference to Karello D Buro LLC and notes that the website was registered from Hungary with, LLC as recently as 08/14/2019.


Triton Capital Markets: who is behind it?
Answering this question will be rather difficult for many investors, as the Triton Capital Markets makers do everything they can to conceal the true circumstances. However, this is not unusual, 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 also 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. At the bottom of the page, there is only the note in miniature letters: "Our registered address is: First floor, first building of St Vincent Bank Ltd; James Street Kingstown. St Vincent and the Grenadines." However, there is no reference to Karello D Buro LLC, which registered the website after all. The worldwide search for Triton Capital Markets in the relevant registers leads to no result and clarifies that it concerns in this case a pure fantasy product.


Triton Capital Markets: Warning from the supervisory authority FMA
However, when searching online, one relatively quickly comes across a warning from the Austrian Financial Market Authority FMA dated 18.02.2021: "Attention! The FMA warns against entering into transactions with:
● Karello D Buro LLC
● purportedly located at First St. Vincent Bank Ltd Building, James Street, Kingstown, St. Vincent and the Grenadines.
This provider is not authorized to provide banking services requiring a license in Austria. Therefore, the provider is not permitted to engage in commercial trading for its own account or for the account of third parties (§ 1 Abs 1 Z 7 Bankwesengesetz).
This publication is based on § 4 Abs 7 Bankwesengesetz and was also published in the Amtsblatt zur Wiener Zeitung on 18.02.2021."


Triton Capital Markets: The customer acquisition of the investment fraudsters
Here the same procedure is found again and again: In order to acquire new customers the offers of Triton Capital Markets are propagated in all available media and channels. For example, advertisements are placed in social media, such as Facebook. To increase the effectiveness, they upload image films 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 a misleading reference to the TV show "Die Höhle der Löwen". In parallel, an affiliate program is often started to spur others to intensively promote Triton Capital Markets.


Triton Capital Markets: 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?


Triton Capital Markets: Repayment of the money is tied 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 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 "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!


Triton Capital Markets: Scheme of investment fraud?
There is no legitimization of the online broker Triton Capital Markets. Triton Capital Markets 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 Financial Market Authority (FMA) of Austria, which is responsible for Switzerland. For this, there is a warning from the Austrian FMA dated 18.02.2021. It is also obvious that Triton Capital Markets is a scheme of capital investment fraud. All investors harmed by Triton Capital Markets are advised to immediately contact an investment fraud attorney.


Triton Capital Markets: where do the fraudsters operate?
There is no doubt that Triton Capital Markets traders are dealing with investment fraud in Germany, Switzerland and Austria. The illegal activities of Triton Capital Markets were by no means limited to the DACH region. Because Triton Capital Markets is also targeting traders in France, it is only a matter of time before those who have been defrauded from there 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.


Triton Capital Markets: 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. Persons who participate nevertheless in it are obligated to the damaged Tradern to payment of damages. Such investment fraud cases would probably not have been feasible without these banks.


Triton Capital Markets: Investors want their money back!
The constellation is by far not as hopeless as it seems. The victims can take countermeasures and demand the return of their invested capital. At the moment it is rather not to be expected that the investment fraudsters of Triton Capital Markets are seized soon, nevertheless there is reason for hope. Especially because the transactions of the funds were carried out through accounts provided by financial institutions striving for good reputation. Unfortunately, these financial institutions failed to check the traders' deposits, some of which were large and therefore subject to controls, and their onward transfer for legality. Such failures made the investment fraud possible in the first place.


Triton Capital Markets: They want their money back! How does it work?
Equipped with this knowledge, investors would not have entered into a business relationship with Triton Capital Markets. Now the only way left for the deceived is to try to get their money back. Many investors cannot even imagine that there is any real chance of ever seeing their money again. 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. In this regard, relevant questions should be answered. Where did the funds embezzled by Triton Capital Markets end up? Is there a possibility that the damaged traders get back their money invested with Triton Capital Markets? What measures are necessary now? A lawyer specializing in investment fraud will be happy to answer such questions thoroughly for you


Triton Capital Markets: Who can help?
What to do in case of investment fraud? What help in the case of investment fraud can victims of Triton Capital Markets hope for? Triton Capital Markets 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 Triton Capital Markets 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 Triton Capital Markets.


Triton Capital Markets: Follow the money trail!
This kind of abuse on the grey capital market has been pursued by the investor protection law firm Resch Rechtsanwälte for over 30 years. The methods of Triton Capital Markets are accordingly nothing new. Over the decades, Resch Rechtsanwälte has developed a powerful set of tools for tracking down misappropriated capital and tracing the money trail. Making funds actually disappear is becoming increasingly complicated in the age of the Internet. The sooner traders follow the money trail, the more likely they are to have their money secured. It is important now that traders who have been harmed by Triton Capital Markets react immediately.


RESCH Attorneys at Law - Experience in investor protection since 1986
If you have been a victim of Triton Capital Markets 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.