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Online trading is expected to bring you profits. Instead, it’s a risky business with many fraudsters. We want to give you a couple of tips on what to do if an Infinox broker scammed you.
Infinox is a brand owned by Infinox Capital Ltd, based in the UK. The company has a regulation by the FCA and two other offshore jurisdictions – SCB Bahamas and FSC Mauritius. Since UK brokers have excellent coverage, meaning they can provide financial services to many countries, we had to ask why this broker decided to go offshore. Moreover, why it chooses to have two offshore entities? Is it some kind of scheme? Let’s see in our Infinox review
There are several ways scam brokers are taking money from their clients. Usually, after signing up for an ad about online trading, you are heavily persuaded to activate your investment account. Even if the company is regulated, like it’s the case with Infinox, it means nothing. For example, you start an account with an Infinox broker, but instead of the UK entity, you are assigned to Bahamas or Mauritius. Since these two entities have low regulation and there is no compensation fund, you have no guarantees of getting your money back in case of a scam.
Once you activate your investment account, your financial adviser is taking control. He is becoming your best pal, asking you all kinds of questions. All with an utter motive – to extort your money. And once you pay more money, your account is suspended, and you are out of the game.
Besides this obvious way, some brokers go even further. You can provide your credit card details just to discover all your money is gone after the phone call.
Another way is to lose your money on bad trades and blame you for it.
Whatever the way is, the outcome is the same – you are the victim of an online trading scam.
As we already mentioned, even if the broker is regulated, it can still conduct a scam. The Malaysian Securities Commission blacklisted Infinox broker for providing services in that country without a regulation. It made us think about all the other places the broker was operating illegally and all the complaints we found in other Infinox reviews.
Beware of the Infinox scam.
If you have been involved with Infinox and gotten scammed, there is a possibility of getting your money back. Luckily, there is a solution, and it’s called a chargeback. However, a chargeback is time-limited and requires a well-prepared case. That’s why the best is to ask for help from experts.
To get all the relevant information about the chargeback procedure and the evaluation of your particular case, submit your details on the link provided below. You will sign up for free consultations, and our support team will introduce you to our company and your refund options.
