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Comeback of Cappmorefx as Returnsfx?

WikiFX | 2023-10-27 18:17

Abstract:Wikifx previously exposed fraudulent broker Cappmorefx for the massive fraud cases it dealt with. Victims complained to us regarding their issues with this particular broker, and we helped all the complainants by publishing their fraud stories in order to expose the broker.

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Wikifx previously exposed fraudulent broker Cappmorefx for the massive fraud cases it dealt with. Victims complained to us regarding their issues with this particular broker, and we helped all the complainants by publishing their fraud stories in order to expose the broker. When the broker got flooded with too many reports, it ran away.

After some months, the same broker back with a new name, logo, and identity. The new version of the broker is called Returnsfx. Wikifx Spotted it. It is just another Ponzi scheme to dupe people. There is a YouTube channel called Copy Trade Masterpiece that is constantly branding Returns fx and claims Returns fx is a brand new introduction to Cappmore fx. There are several videos on this YouTube channel d “Common Questions regarding Cappmorefx, returnsfx” and “ Cappmorefx recovery plan- Returnfx” and “Ajay Arya returned with Returnsfx” and many more.

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According to the video, there is a man named Ajay Arya who is behind new broker called Returnsfx in the market. When we searched for him on the internet, we discovered that he is the owner of Cappmorefx Broker. It is situated in St. Vincent and the Grenadines. Returnsfx is being launched by the same person who is the owner of Cappmorefx.

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We searched Cappmorefx on Wikifx and found it has been suspended. Later on, when we searched Returnfx on Wikifx, We discovered WikiFx issued a warning there stating that it has been verified that this broker currently has no valid regulation. Please be aware of the risk!

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Install the WikiFX app on your smartphone to stay updated with latest news of Forex. WikiFX is a global forex broker regulatory enquiry platform that has investigated and reviewed more than 50,000 brokers, collaborating with more than 30 national regulators. To learn more about the security and reliability of your chosen brokers, visit www.wikifx.com or download our free app from Google Play or app store.

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Related broker

No Regulation
ReturnsFX
Company name:ReturnsFX
Score
1.33
Website:https://returnsfx.com
2-5 years | Suspicious Regulatory License | Suspicious biz area | High potential risk
Score
1.33

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