Monolith-Invest, Personal-Trader.RU Blacklisted by CRFIN

The Centre for Regulation in OTC Financial Instruments and Technologies (CRFIN) has blacklisted a fraudulent organization under the alias Monolith-Invest,

CRFINThe Centre for Regulation in OTC Financial Instruments and Technologies (CRFIN) has blacklisted a fraudulent organization under the alias Monolith-Invest, citing unrealistic expectations and misleading guarantees.

Russia’s CRFIN is a non-profit, self-regulated partnership that monitors the FX market in relation to the Russian financial industry. The genesis of this denouncing against Monolith-Invest came as a result of guaranteed promises on the two sites, http://monolith-invest.ru/index.php, and http://personal-trader.ru/ .

Suggested articles

What to Look for in a Forex Technology Provider?Go to article >>

Join the iFX EXPO Asia and discover your gateway to the Asian Markets

The sites stipulated guaranteed rates of return to its prospective clients, substantiated bonuses via client procuring, as well as other benefits. For these reasons, CRFIN has issued a warning to investors, given the high degree of risk associated with this organization.

Got a news tip? Let Us Know