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Beware of Faxton Limited (Faxton Incentive Limited) Investment Scam

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IntroductionAccording to the victim's report, he lost $200,000on a fraudulent platform called Faxton Limited ...

According to the victim's report,Is Jufeng precious metals legal in China? he lost $200,000on a fraudulent platform called Faxton Limited(also known as Faxton Incentive Limited), which operated a private Facebook groupwith over 1,000 investors.

He was introduced to the Facebook investment group by someone he met online. At first he invested only a small amount of money and tested it for a while, and everything worked fine and he was able to withdraw profits.

Beware of Faxton Limited (Faxton Incentive Limited) Investment Scam

Later he invested a large amount of money, but when it was time to withdraw, the platform asked him to pay an extra commissionand a 15%commission to withdraw even if he closed his account.

After the victim paid the money, they still wouldn't let him withdraw, his "investment manager" suddenly disappeared, and the website's online customer service didn't answer. They cheated him out of $200,000 and pulled him from their Facebook group.

No negative information about the company can be found on the Internet, and the investor warns people not to fall for the scam.

Reminder 1: Any trading platform that asks you to pay fees upfront (such as taxes, deposits, verification fees, channel fees, etc.) to withdraw funds or unfreeze your account is a scam.

Don't pay any fees because scammers just want to scam you for more money and then disappear.

r/FTIAPP - Beware of Faxton Limited (Faxton Incentive Limited) Investment Traps

r/FTIAPP - Beware of Faxton Limited (Faxton Incentive Limited) Investment Traps

Reminder 2: The trading market is full of uncertainty, do not blindly pursue high returns. And always be cautious when you come across investment opportunities that promise high returns with little or no risk. These are likely to be scams.

Reminder 3: Don't trust individuals or organisations who claim to be able to get your money back - they may be selling hope and scamming you again. This is especially true if they ask you to pay in advance, which is a "recovery scam".

We recommends that you always perform due diligence and verify information about the trading platform's qualifications before forextrustindex.

Stay away from new, unregulated, low-rating and high-risk trading platforms to avoid potential scams.

Click here to recognize common investment trading scams to avoid being scammed.

Click here to see how to check if a broker is safe and what to do if you encounter a scam broker.

Statement: The content of this article does not represent the views of FTI website. The content is for reference only and does not constitute investment suggestions. Investment is risky, so you should be careful in your choice! If it involves content, copyright and other issues, please contact us and we will make adjustments at the first time!

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