Scammers White Stone Group: why should not be trusted?
The White Stone Group is a typical group of fraudsters who skillfully deceive users, extracting large sums of money. They come up with stories about the fictional advantages of the company and release some amazing developments. But all these praises, published on the website, are lies, as we are dealing with ordinary scammers.
“White Stone Group” has neither experience nor its own trading platform, nor the necessary tools. How do scammers from wsgroup.org manage to lure victims into their networks and why do traders continue to believe in the honesty of intermediaries despite the numerous negative reviews? This is the question we will address in our review today.
Analysis of the White Stone Group scam site
At first glance, it is evident that we are dealing with scammers with limited imagination. White Stone Group did not even bother with a quality translation, so only the main page is available in Russian.
In the “About Us” section, there is just an ordinary set of phrases about the broker’s success and future global plans. The scammers from the “White Stone Group” decided not to disclose the date of the platform’s foundation, which is not surprising.
The “Education” tab is created to distract attention. Instead of useful webinars and online courses, users are offered just a glossary and a brief description of books that every trader should read.
The desire to register on such a low-quality resource disappears instantly, but, judging by the sharp reviews, it is surprising that not everyone is affected.
Information about the White Stone Group scam project: review of documents
Let’s move on to the specific information. During the review, it became known that the White Stone Group scammers have been deceiving naive victims since May 5, 2020. A quite logical question arises: where did the incredible figures come from that were placed on the home page? More than 5 thousand users who allegedly invested 4 million in the project are just another amazing deception from the scammers.
At the bottom of the site, it is stated that all the actions of the heroes of our review today are completely controlled by a certain British organization — WHITE STONE GROUP INC. LTD (registration number — 12617197). The company is located at: Universal House 88-94 Wentworth Street, London, England, E1 7SA.
Yes, a company with that name is indeed registered in the UK’s register of legal entities (established on May 21, 2020). The area of activity is financial market administration. However, Mr. David Seymour, who is the director of the company, probably does not even realize that scammers are using his name on the Internet.
The charlatans from the “White Stone Group” show no trace of a license. The presence of an office in the United Kingdom implies that they should be registered with the Financial Conduct Authority. Naturally, there is no information about this phantom broker on the official website of this authority.
Regarding the contact information, everything is dishonest here as well. In their reviews, clients complain about the rudeness of support service operators and note the excessive persistence of managers.
The following data is indicated on the “White Stone Group” website:
- phone numbers: +44 (203) 769-5824 and +7 (495) 085-5285,
- e-mail: [email protected],
- main office address: Universal House 88-94 Wentworth Street, London, England, E1 7SA.
According to reviews, the Moscow number of scammers has managed to create a bad reputation:
Review of fictional broker “White Stone Group” tariff plans
The platform of the fake broker “White Stone Group” offers 6 types of trading accounts:
- BASIC. Minimum deposit — 250 USD. According to their claims, for this money, you will receive analytical reviews and a basic training course,
- SILVER. Initial deposit — 2,500 dollars. Features of this tariff: commission-free deposits, personal support, and trading webinars,
- GOLD. You need to deposit 5,000 USD. Traders have access to trading signals and recommendations, direct communication with an analyst, qualification enhancement courses, investment ideas,
- PLATINUM. To start, you need to fund your account with 25,000 dollars. This package includes bonuses, deposit insurance, professional training, and the assistance of a personal manager,
- EXCLUSIVE. Entry threshold — 50,000 dollars. The conditions are the same, but with a slight addition — interest accrual on the remaining funds,
- VIP. The appetites of scammers are growing rapidly, so the investment amount is 500,000 USD. Nothing new. The fraudsters mislead by telling stories about a personal consultant and fictional dividends.
It would be interesting to see a person who is willing to invest such large sums in the fake company White Stone Group. Specifics are definitely not the scammers’ style, as there is no information on the site about liquidity providers, spread sizes, or possible commissions.
Reviews of the “kitchen” of White Stone Group: opinions review
The scammers White Stone Group have been operating for only a few months, so there are not so many reviews about this dubious company yet. Defrauded traders advise to avoid cooperation with this scam project, and some have even filed lawsuits against the dishonest intermediary.
If you have also become a victim of the fake broker “White Stone Group”, please leave your review on our website and share your experience.
White Stone Group scammers: the essence of the deception
According to reviews, scammers view a credulous client as an easy source of profit. The scheme of fraud consists in not warning in advance about additional fees. The truth becomes evident only when the trader wants to withdraw funds.
The scam scheme includes stories about additional taxes that supposedly need to be paid to carry out the transaction. But it’s all a lie! By listening to these shameless scammers, you will only increase your losses and plunge yourself into a financial crisis.
The following articles may also be useful to you:
- Best trading strategies on the Forex market,
- How to check the license of a forex broker?,
- How to choose a reliable forex broker in 2020: main criteria.
Summary of the review of the “White Stone Group” scammers
The review shows that White Stone Group is dangerous scammers who skillfully deceive clients and then fleece them. If you do not want to lose all your savings, stay away from scammers and do not invest money in this fraudulent project!
