Arguably the messiest and most disorganized website we have ever seen, the underlying scam is no better. Hence, we decided to compile all the lies in a coherent order.
Please read about the TresorFX trading scam and all the fraudulent bits found on the bogus website. It is all here in our TresorFX Review.
No, this fake broker is anonymous, i.e. the dubious TresorFX LLC does not exist. The only thing we found in this segment is an official warning issued against TresorFX by the UK’s Financial Conduct Authority (FCA).
Some links on TresorFX’s website lead to the domain of another broker – IC Markets. At the bottom of the latter’s website, it says that this domain operates under the offshore jurisdiction of the Seychelles FSA.
IC Markets is actually a broker that has offices in Australia and Cyprus and is regulated by the respective financial market authorities. Entities like this one usually open an offshore branch to expand their business and reach more clients. But the connection between IC Markets and TresorFX could only be another indication of a scam.
The former broker is associated with clone sites. Namely, clones of IC Markets were caught by the FCA in January 2022 and the broker’s home regulator CySEC in August of the same year. The Hong Kong SFC also issued a warning against IC Markets Hong Kong in 2013.
Whatever the connection may be, we plead with you not to trade with TresorFX as this website is not regulated in any way.
It was issued recently, on May 26, 2023, meaning that the relatively old scam has been reactivated. Multiple complaints from British traders have prompted the stern financial market watchdog to react.
Trustpilot was our website for this section. Upon opening the page with TresorFX reviews, Trustpilot warned us about numerous fake reviews, which the administrators had deleted.
A regulatory warning plus fake reviews do not look good for TresorFX’s reputation. But complaints against the broker from clients definitely put the nail in the coffin.
Stay away, it’s scam. They blew my 1k account nearly. No stop loss. They did to trades complete in the wrong direction. No response at my callings. If you like to loose money go ahead with them…
I have lost 20k in one day with them.. They don’t care about your money if you are not going to invest more than 100k with them…
TresorFX really is a cyber fiend. The warnings, the complaints, withdrawal issues, lack of communication – all the indicators of a trading scam are there.
We also did some research to find out where TresorFX tried to provide illegal services. By now, you’ve already learned where the majority of the broker’s victims live, but here is the complete list of countries:
According to the jumbled website, which was helpful to a minimum extent, TresorFX offers just two asset classes for trading (no CFDs):
TresorFX is pushing clients to open a live account and “trade with 0 pips spreads and leverage up to 500:1” Of course the fraud is going to promise the best spreads possible.
The promise of ultra-tight spreads is most likely a lie. As for the leverage, 1:500 is simply too much; it’s extremely risky to trade with such high leverage, hence the regulatory limit (1:30) imposed by authorities such as the FCA.
TresorFX promises automated trading software. The whole point of this monkey trading business is copy trading, i.e. TresorFX wants traders to copy the best traders from pros and experts.
We are not sure about this particular trading platform since there is no legit demo account. The website also has a link to cTrader, a popular and effective cutting-edge platform, but the link is broken and cannot be accessed.
Once you click the free demo account link, it will take you to IC Markets’ website. To reiterate, we failed to see the connection between these two entities.
A joint scam could be the only possible explanation. Nevertheless, the point is that TresorFX does not really offer a risk-free demo account, which is bad news. Legit brokers always include a demo account.
We don’t think so. Judging by what we read in the complaints, withdrawals are impossible, the broker simply refuses to pay out clients.
TresorFX only mentioned credit/debit cards as the available payment method. The good thing about that is that this payment method can be reversed via a chargeback.
The minimum deposit is 250 $ and there is a 5% commission charged on the profit, which the broker allegedly makes for the client.
To recap, TresorFX is an anonymous website with foul intentions. This fake brokerage is not licensed to provide trading services.
If you are a victim of the TresorFX scam, please notify our team about it. Global Fraud Protection is willing to assist you in getting your hard-earned money back.
Consider a chargeback, a process of reversing credit/debit card transactions. It can be requested at the issuing bank within 540 days. Book a free consultation with us to learn more.
Contact us today and start your chargeback process.
TresorFX is undoubtedly a trading scam. This broker has been blacklisted by the UK’s FCA.
Yes, TresorFX advertises some kind of mobile app but we don’t recommend you download it.
No, TresorFX did not include any kind of referral or affiliate program.
TresorFX is undoubtedly a trading scam. This broker has been blacklisted by the UK’s FCA.
Yes, TresorFX advertises some kind of mobile app but we don’t recommend you download it.
No, TresorFX did not include any kind of referral or affiliate program.
The post How the TresorFX Review Exposes This Anonymous TresorFX Scam appeared first on Global Fraud Protection.
