But in trying to track down the then year-old pictured above , it turned out there were different versions of the story. To many, he was simply handing out money to strangers because he'd made it big in the world of online trading and he wanted to give something back. But Gurvin wasn't talking. He'd already left Plymouth and his social media profile had been deleted.

He'd vanished and it soon became clear the cash handout had been part of a carefully-curated stream of online promotion. Before his profile disappeared, Gurvin had been a social media influencer with , Instagram followers. His online persona was almost entirely focused on affluence: pictures of his gold Maserati, designer clothes and jewellery punctuated with snaps of a pet goat.

Some of Gurvin's former Instagram followers said he'd made his fortune from forex - or foreign exchange - trading. This involves buying and selling currency and making profits or losses depending on the value of the trade going up or down. It didn't sound like natural territory for a bio-med student - but on his Instagram profile he explained his philosophy with the words: "No rich parents.

No excuses. Straight hustle. Gurvin, and many like him, promote the idea that trading can be done in your spare time. In Gurvin's case, you could pay him for a trading "course" and he promised to go further: to share the secrets of his success.

Via his company GS3 Trades, he'd trade on behalf of anyone open-minded enough to explore this new way of making money. According to a UK Parliamentary document , there's been a rise in the popularity of retail trading platforms since the pandemic - but the risk for retail traders is high, and prices can drop or crash and thousands of pounds can be lost in minutes.

Jonathan had come across Gurvin on Instagram. In , he signed up to GS3 Trades and was added to a WhatsApp group where multiple investors had direct contact with Gurvin.

His initial investment was £1, Jonathan, 24, was aware that forex trading comes with risks but he was assured by Gurvin that GS3 Trades was regulated by the Financial Conduct Authority FCA , a national regulatory body that has strict rules to control the amount of risk that can be taken with investors' money. When Jonathan saw his investment grow, he put in more money. In the space of a few weeks, he'd invested £17, That was all of his savings. The value of the investment continued to grow until it peaked at almost £30, But on Christmas Eve , everything changed.

The investment made a sharp fall and by Boxing Day, Jonathan's £17, investment and any growth he'd seen was reduced to £ Jonathan said misleading messages from the organisers of GS3 Trades stopped him from withdrawing his money.

He explains: "Before we signed up we were told we could withdraw the money any time. But when we were in the chat, Gurvin and his administrators were like, 'If you withdraw we'll kick you off the system. It will close all the trades. It will make everything go south. Jonathan is one of many investors with the same story. Gurvin's GS3 Trades had in fact been operating multiple investor groups via WhatsApp, all with the same guarantees of FCA regulation and promises of easy withdrawals.

In the end, total investments in excess of £3. Jonathan recalls members of the WhatsApp group struggling to grasp what had happened. People lost everything. Looking through the WhatsApp group chats, voice notes and testimony from those who have lost money, it became clear that Gurvin wasn't working alone.

Multiple people referenced the names Tristan Jones and Mirko Notturno as "group admins". There were also references to a company called Infinox. Jonathan and the others I spoke to for this documentary all had the same story - they'd been told GS3 Trades had been making their investments through a brokerage firm called Infinox, a financial group with an FCA regulated firm based in the city. A broker is an individual or firm that acts as a middleman between an investor and the market - and you need a licence to act as a broker.

The broker places the trades on your behalf and they'll charge a fee. When their investment was lost, Jonathan and the other investors like him realised that their money had actually been traded through a company that is not subject to UK regulation, Infinox Capital registered in the Bahamas.

I tracked down Tristan - who was at one time an Infinox employee - and when I asked about his relationship with GS3 Trades, he responded: "We provided execution at Infinox… I was simply an employee there. I asked him why he'd threatened investors who wanted to withdraw their money by suggesting, "All profits will be cancelled. Infinox Capital Limited has an office less than metres from the Bank of England. Forex itself is not a scam. Perpetrators lure new recruits in with the promise of some algorithm or trading signal chat group that supposedly helps ordinary people make millions through forex trading.

The true objective of everyone in these organizations is to recruit as many new members as possible and collect referral bonuses. Money from new recruits is used to create an image of wealth within the organizations. This subsequently attracts even more people looking to get rich quickly. At that point, perpetrators often shut the companies down or rebrand to escape scrutiny. Another common forex scam entails perpetrators selling access to private forex trading signal groups.

Investors buy in expecting to receive information that will help them get rich quickly. In reality, the perpetrators are just looking to make money through subscription fees. The lack of any multi-level marketing component often fools investors into thinking these scams are legitimate.

This scam is very similar to the previous one in that it entails perpetrators selling grossly misrepresented services. Perpetrators often artificially boost reported profits with sign up fees from new recruits to make participants believe the algorithm is delivering results.

As with signal selling schemes, forex algorithm scams can be particularly deceptive in the absence of aggressive multi-level marketing antics. These are the platforms that facilitate forex trading. They handle the computer logic that pairs both ends of any trade i. There are legitimate forex trading brokerages out there.

However, there are also many fraudulent ones. Price manipulation is one strategy these shady brokerages use to defraud customers. For example, they might initiate substantial trades with no intention of completing them. Rather, their intention would be to manipulate the price of currencies at make money at the expense of their customers. Large market participants those transacting significant amounts each day can influence currency valuations with their trades.

They run the numbers and conclude this will likely decrease the valuation of that currency. The broker would be spared from the losses. Anyone who lacked that insider information would not be.

Many brokerages operating in the forex space are unregulated. Some of these unregulated brokerages ignore or even condone unethical and illegal behavior, which makes their platforms havens for scammers. For comparison, stock brokers are heavily regulated. Have you gotten your bitcoins stolen from your wallet or invested in an ICO that turned out to be a scam, you are not alone because this happened to me too.

I contacted the authorities and they referred me to [email address] the bearest minimum. If you have been a victim, Simply contact [email address]. Forex trading is a real and genuine business, but the reality on ground is that there are some bad elements who disguise as legitimate traders to scam others of their hard-earned money. Perhaps you have fallen a victim of a scam and want recover your lost funds, you can contact them through [email].

I am still into forex trading but of course, am a lot cautious and smarter now. I got to a forum on youtube and i get to see everyone giving testimonies of how the Mr William lee helped them trade bitcoins in less than 3 days. I am just seeing his emails everywhere and how he help families and more. I decided to give it a try and had to go for his lowest package at first because i am nervous. Then Mr William lee help me trade 1. I just have to drop this here because i saw his info online and i am on my way to be financially free for the rest of my life.

You all should contact Mr William below via email [blocked] and he will get back to you in no time. You will thank me later for this great info whatsapp [phone number blocked]. HI — any truth behind this guy?? Unsolicited advice on Linkedin, beware.

Here he is, with his own words:. Bitcoin trading has really been cool to different business partners A lot of investors and account management create Good opportunity and awareness to public view. Below are the list of possible earnings. They already took R45, from my cheque account on AdvancedCash exchange, all the while telling me he was transferring my money back to me, and not giving me a moment to think.

Withdraw function not working, emails not answered or undelivered, too scared to let that person onto my pc with AnyDesk, not knowing if that is how payments is handled by Trading companies. How on earth did he do that and what would he have done had my husband not stopped it there and then.

Two weeks after Mina from TopTradePro phoned, asked why I am not trading, told her my story, she also wanted to go onto my bank to copy something and then activate the Withdraw on my trading account so that she can return my money. I did not allow her into my bank but cannot help wondering if she is honest. Is there anyone who can advise it this is standard procedure please?

Inette Coetzee. Im in a free group some time from Cruze forex. Never paid them anything only free. They offer signals, investment and account management. I saw a post and everything looked awesome and legit with all those feedbacks. They have over 17k subscribers. I send them 2k USD on November 8th and today should be day of return. I asked them if I can expect the return today like they said and they blocked me.

But the big problem is that they refuse to make the withdrawal I asked. A guy name frank Christopher forex market contacted me on ig. After during research I decided not to. Scam trading Website RIMsrkete-fx.

Plus i could withdraw that money at any time I choose with no issues. At this time i stopped hearing from him because he had tried to convince me that making a withdrawal takes away the benefit of insurance etc. I insisted because i needed the money.

I started to contact support in order to make my withdrawal. After a while they became very rude, the person i was trying to plead with to give Oscar my message told me that i was giving him attitude.

It was a total made up story and I knew it. This is a well laid out scam of a company and my hope here is to help others to not be caught up in their lies like I did. thanks to globalrefundsint dot com for the total recovery of my asset. When you ask to withdraw then they will make you fill out forms confirming that you give them the money hence there is no argument.

I have been scammed by a Forex Company called EmpireXTrade. The contact person is Michael Stevens. Have anyone heard of Stone lionfx? i think it is based in Hong Kong. Would like to know more about this company. I was contacted by a guy named Jack Addington that claimed he worked for tradevibefx. I fell for it and gave him a small amount of money and he claimed I could withdraw profits in days.

After 5 days they asked for more money because my account had made so much money. Needless to say I fell victim to it. My money is now gone and the guy is still harassing me for more obey with promises of huge profits. He is also trying to get my wife to convince me to give him more money. Normally I am skeptical of everything but for some reason I gave into this one. Watch out for Jack Addington!!! are they one of the scammers? and this guy who calls himself a broker Alex Williams Smith Livingston??????????

com is just a scam and Frank Deigo Louis with Instagram id franklouis is a scammer and fake account manager. com is just a scam online forex broker. And they never reply to the chat on their website if you have any complaints.

And so called frank will only chat with you on WhatsApp n Instagram and will never ever come on a phone call with you neither a video call no matter how much you ask him for a call. com which has everything similar but just the name is changed.

data gmail. com and I can reply to you. They are all cheaters and just online scammers. I invested 80, and they finally logged me out of my account and my access to my invested capital. I was referred to a recovery expert by my military uncle who also had same issues with his broker.

Feel free to reach out to him via his email address: blagemarthins gmail. com , and he will guide you on steps to take and get your investment refunded back to you. dont trade on Wellingtoninv. com, dont invest anything you will never see your money, a Guy name David stone is calling me and promise everything, I have over 2 mil on the account and now is the account disabled.

There is no chance in earning money in online trading. These things are just like casinos, the house always win. Stay away from any broker. Here is how a fake comment looks like: "I lost , US dollars to Trade I have tried and tried to get my money back with no results. They ignore you.

I was stupid to put in so much. I lost all my pension money and now I am broke because of Trade Their pre-markets are not real. All they want is your money and you will not see it again. I am so depressed. They play a real number on you when you want your money back because they will ask more and more to get it back, and in the end, they end up laughing at you. They are heartless. I was so glad after working with a recovery expert Mr Alexander Jerry, he was the one who helped me recovered my funds from this heartless scam broker.

I felt someone else might be needing his assistance. feel free to contact him via his email address: —[spam] and he will guide you on steps to take and get back your funds. Mahesh lamba and santosh nakrani, amit,ritesh are involved in forex scam business.

they show others ac with high return and take money from you and never give any money back…They say that digitex technology, mt5,topstarforex. com agent. Other do such type of trap their name arun sharma mobile no. Beware of all these scammers,if you find any one send him to police. they might be also involved in terrorist activity…. Alert beware…. Anonymous from South Africa, this exact same thing just happened to me as well. Hi guys I have been scammed by the broker called fxstocktrades, they promised to grow my investments they said i must deposit ZAR they will trade for me,i did deposited via EFT to the luno account i requested for pay out they now having stories they said i must send my ID and proof of address ok well i did sent them via email i even asked them did they recieved the documents they said yes.

so good people please help me i need my money back i am not working and they did not even let me know about paying tax be for i withdraw please help guys i need your help what am I supposed to do to get my money back?? And please guys share my comment so that it can help others. not take any Bonus offer from your broker or your manager, do not allow your broker manager trade on your behalf. That is how they manipulate traders funds.

If you need assistance with retrieving your lost fund from your broker or Your account has been manipulated by your broker manager or maybe you are having challenges with withdrawals due to your account been manipulated. Due to my research work and civilian stature I have been unofficially tasked by the right people with gathering as many victims from the following broker sites down below as possible for a submission to the US government in order that legal action can take place.

So, my focus is on connecting with US victims of these sites, but I am also making a list of international victims too because once the US starts to take action, other countries should fall into line. The US is the only country to take action for the most part against binary options and cryptocurrency scammers, so that is why the focus on US victims.

My hope is that the US government will take action as they have with Banc de Binary, Spotoption, and now with Bigoptions which is before the courts. please look it up. Talk about a reversal of fortune and making lemonade from lemons. So, if you are reading this post spaced in between all of the scam and spam offerings, please consider adding your name. If you have ever felt like no one has listened to you, well, that has changed. I would need permission, name of the broker website, how much was stolen from you, email, state, and phone.

There will be no discussion about money period. Thank you for your time and I hope to hear from you. Contact investigator suisseoption. The website is in development, but by the end of the month you will start to see resources and information for fraud victims. com 4u-groups. com 53capitaltrade. com 53option. com markets. com Airfinancepro. com Allegramarkets. com Argocommerce. com AsicTrader. com Axeoptions. com Axetrades.

net Bancdetrust. com Bank2invest. com Bankandcapital. com Bankcfd. com BBBMarkets. com Betacrypto. com BFPFX. com BFPoptions. com Bh-markets. com Binaryroyal. com Bitcoinoie.

com Bnqoptions. com Bnroptions. com Bopros. com BrokerOfficial. com Brookstone-chessmont. com BSDoption. com Bullabear. com Bullnbear. net Bullnbear. org Buzztrade. com Cabinet-villepin. com Capalliancepartners. com Capital com Capitalbankltd. com Capitalcommissons. com CapitalStatus. com Carat4invest. com Carterfs. com Cash4ufx. com Cci-finance. com Cfdroyal. com Cfdwin. com Cfm-ltd. com Chasecapitals. com Chase-Saunders.

com Citybankcfd. com Cityofbinary. com Coinbrokerz. com Coneoption. com Crown-Finance. com Crypto-arena. com Cryptobight. com Cryptocoinfn. com Cryptonash. com Cssmarkets. com Daxmarkets. com Dealinpro. com Deroyalbank. com Diamondinvests. com Diamondspartner. com Diamonds-pro. com Easylinepro.

com EitExchange. com EMDCapital. com Executivecrypto dot com Extick. com Faexchange. com Fcoptions. com Financecorporation. com Finance-corporation. com Finance-trades. com Financetrading. com financial-strategie. com Flyfinancialgroup. com Fx-dealer. com Fxinvest com FXlatam. com Fxpin. net FXVIP. trade Fxwso. com Gain-capitalltd. com GBOCapital. com Gcg com Generalbank-invest. com Genevaoption. com Gettoption. com Goldenkeypro.

com Gss-fi. eu GTPCapital. com Hamiltonfe. com HWMarkets. com Idbtrades. com Interbanctrading. com International-diamond-negotiation. com Invertplus. com Invest-diamond-center. com Investing-area. com Investmentsfx. com Jacobmorganih. com K2Investing.

com Leaderdiamond. com Littinvest. com Lockwoodinv. com Marketcfd. com Marketsyes. com Mclaren-price. com MegaCFD. com MegaTradeFX. com Metainvesting. com Meta-investing. uk MFPInvestments. com MMFinancialexperts. com Mybrokercorp. com Noblecapitalhouse. com Omega-capitals. com Omegacrypto. com Optionmagnates. com Originalcrypto. com Palonex. com Perfectbinary. com Pinprotrade. com Platincfd. com Pointinvestmentgroup. com Prcfinancials. com Prestigecfd. com Primebrokerz. com Primecryptobank.

com Richmondfg. com Rushoptions. com Secondinvestment. com Shterngroup. com Spdrinvest. com Spot2trade. com Starcfd. com Stbinary. com Stockscall. com Stockswiss. com Strongoptions.

As Forex markets promise to give you an incredible return on investment , they became trendy in the last few years. Whether it is about proposals on Instagram or simply fake investment advice, beware. There are quite a few variations of the Forex fraud. Feel free to add names of questionable Forex platforms in the Comments section, at the bottom of the article. According to the specialists at InvestorGuide. Forex scams draw customers in with sophisticated advertisements placed in the newspaper, heard on the radio, or seen on internet websites.

Forex promoters often lure investors into scams with various assurances, including their ability to predict an increase in currency prices and claims of high returns with low risk. An unregulated financial company trading off-exchange Forex, foreign currency futures and options contracts with retail customers is illicit and may be a fraud or scam. In many cases, investors may be guaranteed high returns in the tens of thousands of dollars over a few weeks or months, with a relatively low initial investment.

How does this scam work? According to DailyForex. The point spreads differ widely among brokers and differ between currency pairs. Today, it is unusual to find a broker that claims he takes a commission. He is still making his money from the difference in the spread but spreads are now regulated and only smaller spreads are permitted. Great explanation by DailyForex. In law, commingling is a breach of trust in which a fiduciary mixes funds that he holds in the care of a client with his own funds, making it difficult to determine which funds belong to the fiduciary and which belong to the client.

When it comes to the Forex scam, the same team at DailyForex. Additionally, guarantees of high performance levels-some much higher than those offered by other Forex brokers-should be viewed with considerable skepticism.

This is an increasing scam especially with the advancement of the technology. Questionable brokers sell automatic trading systems which claim to generate automatic trades even when the trader is sleeping.

All kinds of HYIP funds have been notoriously showing up everywhere. Simply because they work; for the scammers! The concept that sells this Ponzi scheme is that the investors of yesterday get paid back by the investors of tomorrow. How the scam works is that once the fund runs out of prospects, it closes down and takes whatever money it has with it. Little do you know that not only you are lose your money, but they do not even offer you anything that will help improve your trading!

With the advancement of technology, there are many well-run online scams on social media when it comes to Forex.

Ultimately, they lose it all through investment advice from kids who earn a kickback when clients give money to the platform used to sign up. These questionable Forex platforms have recruited and paid multiple young adults from ages to promote their scheme online. They get paid for luring new people into the system.

They also use well known social media influencers to promote them and tell lies about the service. There are many red flags you should be aware of. The first one would be when you are guaranteed a profit. There are no guarantee profits in Forex. Use your computer and search reviews featuring the broker, or the system, or the signal seller. Make sure the testimonials are genuine and do not come from their own websites.

Check their website very carefully. If anybody would own that, why would they sell it? Make your family and friends aware of this scam by sharing it on social media using the buttons provided. You can also officially report the scammers to the Federal Trade Commission using the link below:. Report Scammers To The FTC Here. If you want to be the first to find out the most notorious scams every week, feel free to subscribe to the Scam Detector newsletter here.

Last but not least, use the Comments section below to expose other scammers. Binary Options Trading Scam. Sell Annuity Payments. Sell My Structured Settlement Fraud. Gold Investment Scam. Buy Stocks Online Scam. I was ripped off by a binary option online website in March. It was a really hard time for me because that was all I had and they tricked me into investing the money with a guarantee that I will make profit from the investment.

I was able to recover all the money I lost just last month with the help of Tradersrecovery aT cash4 u. If you ever need assistance with recovering your lost funds from your broker or maybe your broker manager has been asking you to make more deposits before you could make a withdrawal or your account has been manipulated by your broker manager or your broker has blocked your account just because they need you to make more deposit to your account.

com GOOD LUCK. I now know,who is who,and what they are, it took a while. Always ask for Identification,company certification,licences to operate,ask for it all. Absolutely a scam!!! Let me tell you my experience with Alvexo.

Two words: Stay away! I got a lot of bright promises when I was about to start trading, including professional support. In total,I started trading by myself and Antonio never called me and never showed my mistakes so I requested to be changed.

A few days later they called me and threatened me to hedge my positions or they would close my account. Do not trust them! They do unrespectable actions. All they want is to invest more money and then you will lose it all. Luckily for me i was able to found an expert on binary,forex and bitcoin trade recovery Mr Brandon Linton, to my greatest surprise i contacted him and he took my case to his team and they worked relentlessly to get my funds back including my profits promised, God so kind I was able to get my money back.

I am so happy, i feel obligated to recommend his great funds recovery strategy, You can feel free to contact him via his email address: brandonlinton gmail. com if you are having issues withdrawing your invested capital, his an expert in recovering online stolen assets. They ended up shutting down their company website but their website was still running. So I could still see my dashboard at that time and instead of paying weekly they ended up compounding my money.

Christopher that helped him, i contacted him immediately, what surprised me most that I recovered my money that same week.

You can contact him at michealchristopher gmail. com and he will assist you on the steps to recover your invested funds. Good luck as you contact him for help. Always looking go get more money. Beware of their tactics. You can get a charge back of your investment by hiring a reliable litigation firm.

I was introduced to an trading expert management via, adamwilson. trading consultant. com, i recommend their service for anyone struggling with this company.

Another way to be safe is to invest your money also with him. hi there, I want to report this person. carawan XMA Header Image Tuncali Carawan. I was very skeptical from the start but these thieves talk a good talk and promised to double my account on a weekly basis and ate my pounds, they lured me to use teamviewer and stole my money from my account, it all happened so fast. This is a scam company that will cheat you and stop picking up your calls.

I had to reach out to a recovery expert via, adamwilson. trading { a t } consultant. com or Victoria Van Eyk or Victoria De Santis She has been reported to the Canadian Police and the FBI and so many other places. Thank you. XENITFX is a Forex trading company that was introduced to me by a trader on LinkedIn. Their website is based on the design and functionality of OCTA FX. Their website boasts all the awards that OCTA has won. In August, when I started trading, the website did not have Risk Disclosure, Privacy policy, Return Policy, Customer agreement, or AML Policy but it has since been loaded.

There is currently 2. I attempted a withdrawal which was refused, indicating that I am not allowed to withdraw or trade since the account is marked for upgrade. I have had endless problems with these people. The agents or whomever I liaise with on email simply does not give a crap about anything. Com what about them? Are they real or fake? Hi Cathy, I have been reached out for the same company person.

I also would like to know if this is a real company.

But Mr Blackburn, or LukeTradesFX, is not accredited by the FCA, which makes it illegal for him to offer the services he advertises. I contacted the authorities and they referred me to [email address] the bearest minimum. Technology has literally democratised the Forex market, and there are almost no barriers to entry in the retail scene. Perhaps you have fallen a victim of a scam and want recover your lost funds, you can contact them through [email]. here is my email [email] contact me and learn more. I invested 80,

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