CRFIN Blacklists Global Trust Investment, Unrealistic Returns from Forex
- The Russian over-the-counter FX self-regulatory organisation has announced on its website that the entity named Global Trust Investment has been blacklisted due to promising unrealistic returns from forex trading.
The Russian self-regulatory body, the Centre for Regulation in OTC Financial Instruments and Technologies (CRFIN), has issued a statement outlining that a website posing as an investment scheme has been identified, promising unrealistic returns allegedly obtained from Forex Forex Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Read this Term trading.
According to the entity's website (www.globaltrustinvestment.com), the Forex scheme promises returns exceeding 1% daily. The deposit options range from a minimum of $10 to more than $10,000. As the minimum investment grows, so does the term of the alleged interest rate. The website claims that the investment is related to the Forex markets.
As any experienced trader would tell, such returns are highly improbable but the website promises guaranteed returns. Clients are offered bonuses for attracting new clients to the website. CRFIN reports that as of the 24th of July there have been 32 blacklisted companies, with 22 of the websites mentioned no longer operating.
In a recent blacklisting, the self-regulator has issued a warning against companies claiming high returns in Forex trading, the Forex MMCIS Group and Royal Smart Group. The full list of blacklisted companies is available on the website of the Russian Self-regulatory organisation.
The Russian self-regulatory body, the Centre for Regulation in OTC Financial Instruments and Technologies (CRFIN), has issued a statement outlining that a website posing as an investment scheme has been identified, promising unrealistic returns allegedly obtained from Forex Forex Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Read this Term trading.
According to the entity's website (www.globaltrustinvestment.com), the Forex scheme promises returns exceeding 1% daily. The deposit options range from a minimum of $10 to more than $10,000. As the minimum investment grows, so does the term of the alleged interest rate. The website claims that the investment is related to the Forex markets.
As any experienced trader would tell, such returns are highly improbable but the website promises guaranteed returns. Clients are offered bonuses for attracting new clients to the website. CRFIN reports that as of the 24th of July there have been 32 blacklisted companies, with 22 of the websites mentioned no longer operating.
In a recent blacklisting, the self-regulator has issued a warning against companies claiming high returns in Forex trading, the Forex MMCIS Group and Royal Smart Group. The full list of blacklisted companies is available on the website of the Russian Self-regulatory organisation.