fxtrading.com China
Information by Research Trustfinance
Operating primarily between 2018 and 2019, FX Trading Corporation presented itself as a high-tech investment platform. It lured investors globally with promises of guaranteed daily returns of up to 2.5%, allegedly generated by a proprietary automated trading bot. The business model was a classic multi-level marketing (MLM) and pyramid scheme, where participants earned more by recruiting new investors than from any actual trading activity. The scheme collapsed in 2019, leading to significant financial losses for its members and major regulatory actions, including charges from the U.S. Securities and Exchange Commission (SEC).
Industry
- RetailsBrokerPRIMARY
Forex
- Investment
Financial
- Broker
Crypto
Regulation
- Australian Securities and Investments Commission
- Vanuatu Financial Services Commission