Invested and seems like to a scam. How to get out?

First Time Investing 🎓
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Dear All, my last chance to try to find solution. Invested and seems like I always need to support my account month by month without taking out anything since march.2024.
Please advice someone who can check if this is scam, as I would need to pay in more, but have I concerns. Please, please help me out.

2

Hey there,

I’m sorry to hear that you’re facing such difficulties. And, you’re right, if you’re constantly required to deposit more money to maintain your brokerage account, it could be a sign of a scam. Legitimate brokers typically do not require continuous additional funding without providing returns.

Could you send me an URL to this broker so that I can verify its legitimacy? Also, please don’t send them any more money until I’ve checked it.

Best wishes,
Andris

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Thanks a million.
Am I right that you are hungarian? The broker was just calling me again to support my account, cause I am loosing my money. That’s all my savings
 Let myself and family down
 I hope this could be fixed.
I recorded my last 2 conversation also.
Can I ask for an e-mail address maybe so I can send all I have. I can’t attach extra files.

  1. https://client.orbisfx.com/ - I can give you my login.
  2. https://trading.tradingservicestrading.com/en/platform

Please please,
Thanks a million,
KĂłkai-Marosi NĂłra
+36308932939

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Hi AndrĂĄs,

Have you received my email?
I would need to make up a decision about my account (orbis fx) today. They said by friday I could loose my money cause the swap will eat it up. Is that could be true? I would need to send in 3000eur so I could close some positions and to be able to open new ones.
I am under huge pressure as this is ĂĄll my savings. Can you please advise?
Nora
06308932939

AndrĂĄs RĂ©gely via BrokerChooser <notifications@brokerchooser.discoursemail.com> ezt Ă­rta (idƑpont: 2024. jĂșl. 22., H 17:23):

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Hi NĂłra,

Thanks for your patience. I’ve checked OrbisFX and unfortunately your intuition was right, it’s a scam.

  • First of all, OrbisFX is not regulated by any financial authority. Brokers that lack proper regulation often engage in fraudulent practices.
  • Secondly, literally no information can be found of the company. Despite my efforts, I couldn’t find any contact details, nor any documentation of the company’s incorporation. Reliable brokers usually have all these information (e.g. the name of their regulator and license / regulation number) shown in their website’s footer.
  • Lastly, their website is poorly constructed. It’s common for scam brokers to have a seemingly good website, but often these sites are hastily put together and lack professional design and functionality. If you inspect the website closer, it reveals numerous flaws such as the content being inserted as a picture, grammatical errors, and unclear navigation. This is a sign of the minimal investment the scammers have made, focusing instead on quick profits from unsuspecting victims.

Regarding the second URL you’ve sent, I couldn’t access the company’s main website. However, the client login portal appears to be poorly constructed, which raises concerns about the platform’s reliability. Additionally, despite extensive searches, I could not find any online mentions or reviews of the business based on the platform’s name, which is another red flag. So, I believe it’s most likely a scam too.

At this point, there’s not much you can do. I strongly advise against sending any more money to them. It’s a common practice that scam brokers ask you to make further deposits in order to maintain your account. They create these elaborate schemes to keep extracting money from their victims.

Also, while swap fees are a legitimate cost in trading, they should not be significant enough to wipe out your entire account quickly unless you are heavily leveraged.

I know it’s frustrating and disheartening, but it’s important to cut off all contact with them and report the scam to the relevant authorities.

The recovery of funds from scam brokers is an extremely complex procedure and chances of success are rather low. However, I would recommend checking the following article where we collected a few things you can try to get your funds back: https://brokerchooser.com/forex/regulation/scams#how-to-recover-your-funds-when-scammed.

Best wishes,
Andris

6

Hi Andris

Who is the authority to deal with in this case. I am based in Hungary. The company is South African. Their bank is in Dubai(Simple tree technologies) 


Thanks.
NĂłra

AndrĂĄs RĂ©gely via BrokerChooser <notifications@brokerchooser.discoursemail.com> ezt Ă­rta (idƑpont: 2024. jĂșl. 24., Sze 10:25):

1 Like
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Hi NĂłra,

It’s a rather difficult question. Dealing with a scam involving multiple countries can be quite complex.

In Hungary, you should contact the National Bank of Hungary (MNB) to file a complaint, and report the scam to the local police. In South Africa, you can file a complaint with the Financial Sector Conduct Authority (FSCA) and report the fraud to the South African Police Service (SAPS). In Dubai, inform the Dubai Financial Services Authority (DFSA) if relevant and report the fraud to the Central Bank of the UAE.

Best,
Andris

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Hola soy sebastian de Argentina una gente honk kong me llevaron a la app pepperstone y despues de do meses que la cuenta crecio 18000usdt el analista no me deja retirar los fondo como puedo hacer y si me pedia que invirtiera mas y ahora me pide que le page su comicion de mi bolsillo y no de usdt que tengo en la cuenta a mi nombre en pepperstone espero una respuesta para que liveren mi cuenta ya me queje al servicio al cliente

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Hola Sebastian,

Gracias por comunicarte y compartir tu preocupaciĂłn. Lamento escuchar sobre las dificultades que estĂĄs experimentando con tu cuenta.

En primer lugar, me gustaría enfatizar que Pepperstone es un corredor legítimo y bien considerado en la industria financiera. Sin embargo, basåndome en los detalles que has proporcionado, es posible que hayas estado interactuando con un sitio web clonado o con individuos fraudulentos que se hacen pasar por representantes de Pepperstone. Estos sitios web clonados pueden ser muy convincentes y a menudo imitan al sitio genuino para engañar a los usuarios.

AquĂ­ hay algunos pasos que puedes tomar para abordar la situaciĂłn:

  1. Verifica el sitio web: AsegĂșrate de que has estado utilizando el sitio web oficial de Pepperstone. La URL oficial es www.pepperstone.com. Si has estado usando una URL diferente, es probable que hayas estado en un sitio clonado.
  2. Contacta a Pepperstone directamente: Comunícate con el soporte al cliente oficial de Pepperstone directamente a través de su sitio web oficial o sus datos de contacto. Explica tu situación en detalle, incluyendo cualquier comunicación y transacción que hayas tenido. Proporciónales cualquier evidencia que pueda ayudarles a investigar el problema.
  3. No transfieras fondos adicionales: Evita transferir mĂĄs dinero, especialmente si te lo piden para tarifas o comisiones que parecen inusuales. Los corredores legĂ­timos tĂ­picamente deducen sus tarifas directamente del saldo de la cuenta.
  4. Informa del fraude: Si confirmas que has sido estafado, informa del fraude a las autoridades locales y a cualquier organismo regulador financiero relevante. Esto puede ayudar a prevenir que otros caigan en la misma estafa.

Espero que los pasos anteriores te ayuden a resolver el problema. Si tienes mĂĄs preguntas, no dudes en comunicarte.

Saludos cordiales,
Andris

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Hola Adris si lamentablemente estamos re mal se quedaron mis ahorros y quisiera que des advertencia :warning: a otras para que no les pase lo mismo gracias por tu empatĂ­a y te mando un fuerte abrazo SebastiĂĄn

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Hi NĂłra,

I receiving similar calls from a lady, was way too pushy to start anything. For me not orbisx, but alfaxm.com. But those are the same, the lady had some heavy UK accent (maybe Irish) sometimes hard to hear, before I started anything except giving my personal details, however the trading platform is totally the same, even the authentication reused, except the styling. The lady was quite prepared and bright, like professional. But after searching for the company literally nothing found, empty youtube,linkedin,facebook etc pages. 1 content mostly 0 comment and no activity. Was really suspicious and it seems with this scam campaign hungarians are being the target. The only thing I found this thread , which was human written
 They even posted on medium, with 0 follower comment or what so ever. I think they design a new site for each batch of target, the only thing why I caught this result is because the resource was reused in my case “https://trading.tradingservicestrading.com/en/platform”
 This band seems to be a professional scam band in this case, be proactive even change password everywhere where you used the password you set on their site, even ask new credit card or whatever you can if you sent them money, just to be sure. God knows how many fake corporation like sites they have and how many target they run paralel. I don’t think the lady will call me back again, because I told her before I do anything will carefully look after the company, but if she does will just press the reject button.

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Hi there,

I’m really sorry to hear you’ve been caught up in this situation. Also, thank you for sharing that AlfaXM is a scam. It helps other community members to avoid these providers. I’ll make sure to include it in our scam database as well to ensure others do not fall victim to this provider.

If you’re looking for reliable and regulated brokers in the future, you can find them here: https://brokerchooser.com/broker-reviews.

Please let me know if you have any questions.

Best wishes,
Andris

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Hi All

I had a phone call from someone telling me that is was from trades500.com, but when going to their web site there is a link to a platform,the same mentioned here (https://trading.tradingservicestrading.com/en/platform) and on Internet this was the only result I got.
I suppose is the same scam.
They opened an account, very easy to do, not asking for any kind of documents from my side (red flag). The only important thing to them was a deposit of 500 euros with credit card to start trading. They even offer 100 euros extra on the first 2 weeks in case I lose money I can get my 500 euros and loose nothing.
I get a phone call every day to convice me.
The strange thing is the fact that he speaks only english and I live in Portugal


14

Hi,

Thanks for your message. Based on the details you’ve shared, unfortunately it sounds like you’ve been scammed. Here are some red flags to watch out for:

  1. Unverified Website and Platform: The discrepancy in the brokerage’s name and the name of the trading platform is a major red flag.
  2. No Document Verification: Legitimate brokers always require identity verification and documents to comply with regulatory requirements. The fact that they didn’t ask for any documents is suspicious and suggests they are trying to avoid any traceable identification.
  3. Pressure to Deposit Money: Scammers often try to pressure people into depositing money quickly, offering “special deals” like a bonus (in this case, €100 extra). This is a classic tactic used to get you to commit funds without fully understanding the risks involved.
  4. Unsolicited Calls: Receiving daily calls, especially from people pushing you to deposit money, is a clear sign of a scam. Legitimate brokers don’t make persistent unsolicited calls.
  5. Language Discrepancy: The fact that the person only speaks English and you live in Portugal is another oddity. Scammers often operate from foreign locations and use language barriers to confuse or distract victims.

Please stop all communication with them and do not send any money. Unfortunately, the recovery of funds from scam brokers is an extremely complex procedure and chances of success are rather low. Regardless, I would recommend checking the following article where we collected a few things you can try to get your funds back: https://brokerchooser.com/forex/regulation/scams#how-to-recover-your-funds-when-scammed.

Please let me know if you have any questions.

Best wishes,
Andris