Recently, there have been more fake financial platform funds or financial pyramid schemes. A few days ago we exposed the financial pyramid scheme IGOFX, today we are going to pick a recent "famous" quite big Volcker. Over the years, FX110 network has exposed similar scams such as Swiss API, EUROFX, IGOFX and so on, and investors must be rational when investing and stay away from such platforms.

Fictional is a century-old British financial company

"The Volcker Group is a top trader in the UK and is part of the Volcker family. The Volcker family has been trading futures for 116 years since 1900..."

A British financial company with a history of more than 100 years, its website http://walkert.cc, was registered on July 22, 2016. The former site, http://www.walkert.co.uk, which was registered in 2014 and is no longer accessible, makes such lies easy to spot.

Britain's FCA warned investors that Volcker was a clone

FCA warned the original address http://www.fca.org.uk/news/warnings/walkert-alliance-clone

Pretending to be regulated in Estonia, it's just a normal company registration

In January 2016, Volcker established a subsidiary in Estonia, a member state of the European Union, obtained an Estonian regulatory license and accepted the supervision of the Estonian Monetary Authority. Industrial and commercial registration number 12923187, supervision number VVT000360......" In fact, the Estonian Monetary Authority is just an ordinary government agency, whose functions are similar to those of China's industry and Commerce Bureau. In order to understand the origin of this "Estonian MTR regulator", one of our exposure users contacted an international student in Estonia for this purpose, and the results were really surprising!

After checking on the Estonian MTR, Volker is only qualified for foreign currency exchange, and the Volker platform was only registered on January 29, 2016.

Acquaintances pull acquaintances, and no actual contact with the platform

According to our conversations with a number of advisers who participated in Volcker's investment, we found that a large proportion of women and elderly people had no trading or related investment experience, were introduced by acquaintances, and had no direct contact with the platform.

There are charges for opening an account, and charges for depositing and withdrawing funds

Applying for withdrawal on the formal platform can generally reach the account quickly, and the platform side will not charge too high a fee. But at Volcker, there is a fee for opening an account, a fee for making a deposit, and a fee for applying for a deposit. And the early stage can not withdraw money, if forced to withdraw money, the platform to deduct high costs.

Brainwashing propaganda mode, steady profit, high return

We obtained the following Volcker promotional information:

"(1) Guarantee the safety of the principal (Volcker and the banks are subject to the same supervision of the National Monetary Authority) 2. Guarantee monthly profit not less than 5% of the principal 3. Guarantee monthly dividend three times, the 1st, 11th, 21st morning of each month4. Guarantee the principal as it comes in and out, absolute freedom, no lockout period. (In order to avoid the entry of speculative capital, it is required to pay a penalty of 5% of the principal within 180 days from the date of deposit) 5. Secure the exchange rate by withdrawing at all times at the rate at which the deposit was made."

Any platform that promotes break-even profits and only makes money is a false platform.

Its so-called profits, dividends, but has been divided down the principal. Since investors who are not aware of such scams, most of them are big money investments, so the scam can often last several years. Although there are many doubts in all aspects of these platforms, many investors are still willing to continue to transfer their hard-earned money to this bottomless black hole, and some investors have such a psychology: Hope that they are not the last victim, through the continuous development of various investors to profit, as long as they can get back the principal of the initial investment, after the dividend, it is "earned." When our staff asked some investors what they would do if the platform went wrong, the answer was: Find the person who pulled us in. As everyone knows, they are just cannon fodder for the platform and simply cannot afford such a huge funding gap.

Financial pyramid selling is a bottomless swamp, once caught in this huge interest temptation, it is difficult to turn back, many investors sell houses and cars or even borrow usurious loans to invest, this behavior is tantamount to walking a rope in the wind and rain, any one link problems, the end can be imagined. Over the years, FX110 network has exposed similar scams such as Swiss API, EUROFX, IGOFX and so on, and investors must be rational when investing and stay away from such platforms. a

Source: FX110