Criminality in Investments: Analysis of FXABANC INVESTMENTS

If you come across a broker claiming to be a world leader with numerous awards, don’t take their word for it. To avoid falling victim to fraud, it is necessary to study the legal documentation and verify information about the company. Only then can a conclusion be drawn. Let’s consider the case of FXABANC INVESTMENTS, where reviews and feedback are just starting to emerge. The decision to cooperate is not an easy task.

Information and Facts

The company, according to their own words, has been providing services since 2020 and has received several recognized awards. The problem is that this cannot be confirmed; the WHOIS data refuted the company’s information. The fxabanc.investments website was created in June of last year and was inactive for several months. Scammers began active manipulations in August 2022 and are now actively advertising on social networks and forums.

The company conceals the names of the owners, indicating suspicious activities. Irresponsible individuals prefer to remain in the shadows to avoid financial consequences. By studying the internal documents on the platform, you will understand that there are no chances of success or capital withdrawal. Some points from the Client Agreement are particularly concerning:

Clause 5.10. The company has the right to refuse to provide services at any time, even without prior notice,
Clause 5.16. A transaction may be cancelled, suspended, or closed without prior notice. According to feedback, FXABANC INVESTMENTS often acts in this way after successful transactions,
Clause 7.2. Fraudsters may change commission rates and introduce new fees during cooperation.

The broker disclaims responsibility for losses caused by terminal malfunctions or misconduct on their part. Attempts to contact technical support are meaningless; only an email address is available. Complaints go unanswered. Your emails will remain unanswered.

Licensing and Permits

In the documents of FXABANC INVESTMENTS, it is stated that they are registered in Saint Vincent and the Grenadines. However, scan copies of documents are not provided. There is no control over the actions of brokers and investment companies in the island state. A license is required for the legal provision of services, but financial institutions in Saint Vincent and the Grenadines are not licensed.

The cunning individuals from FXABANC INVESTMENTS claim to have offices in Cyprus and the UK, and have decided to obtain a license in the UK. Check for the presence of an FCA license showed that the company is not registered with the British regulator. They are clearly misleading traders.

Trading Conditions

User reviews indicate that FXABANC INVESTMENTS offers protection against negative balance, qualified support, and a demo account with leverage up to 1000x. The broker offers a browser-based terminal.

Deposit and withdrawal methods include: bank transfers, Visa/Mastercard cards, Skrill. Despite promises of zero commissions, trusting the company is not advisable. Some features and conditions include:

Several tariffs with entry thresholds ranging from $100 to $5,000,
Minimum position size of 0.01 lot,
Spreads from 0.1 points,
Up to 100% welcome bonus with the first deposit,
Credit leverage up to 1:500 (while European regulators limit leverage to 1:30),
Wide range of assets (75 currency pairs, commodities, metals, cryptocurrencies, stocks).

Investor Reviews

FXABANC INVESTMENTS is just starting to receive reviews, and there aren’t many yet. If you have become a victim of this company, share your experience and help other users avoid losses. This will help prevent fraud and protect traders’ interests.

Scam Tactics

Criminals understand that many non-specialists lack knowledge in law and finance, so they deceive them. Starting with a demo account, users eventually lose thousands of dollars and are forced to seek help from lawyers. The fraud scenario looks like this:

Profit is shown on the demo account even with marginal trading, motivating for investments,
Initial trades on the real account also lead to positive results due to terminal manipulation,
Expecting a significant deposit, scammers urge the use of leverage and then zero out the balance, justifying it with terminal failures (for which they are not responsible).

Conclusion

FXABANC INVESTMENTS is a dishonest enterprise operating without legal documents. They simply seek to deceive naive individuals and enrich themselves at others’ expense. Do not trust these charlatans; they will stop at nothing to achieve their goals.