Problem Is ArgoMarkets, FxPace, Notesco Pty Ltd Australia's new IronFx?

[mbatz]

im just wondering why hasn’t been any nice update on Wikipedia for them ?

 

[FxMaster]

im just wondering why hasn’t been any nice update on Wikipedia for them ?

Anyone can edit the page at Wikipedia, or you can send editing by contacting them

 

[4evermaat]

@FPA Forums Team @AsstModerator I think you must add to the list

Neutral4x
Notesco Limited (Bermuda)

Bollettino - AREA PUBBLICA - CONSOB

www.consob.it

And i think it is time to link all of the alternate names to ironfx. They should be given scam finding immediately.

 

[DaveT]

Out them.....

 

[Wisernow]

A friend of my received the most interesting email earlier today from a company called FxPace apparently out of Australia. It was originally sent in Chinese, but the few English parts showed a name "Notesco Pty Ltd".
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That Notesco name sounded eerily familiar. A quick search had IronFx written all over it. It seems like their Australian business has gotten a few new names:

FxPace.com.au
ArgoMarkets.com
Notesco Pty Limited

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And just a reminder of some of their past names:

IGHG Ltd, Terra Management Services Ltd, Gvs (au) Pty Ltd, Ironfx Global (Au) Pty Ltd, Ironfx (Australia) Pty Ltd, Etx Finance Group Pty Ltd, FxDirectDealer (FxDD Malta, Mauritius), Ironfx, FxGiants, OptionTitans, FXWin, FXOptiom, 8SAFE Pty Ltd, FxLift.eu, ArgoMarkets Ltd, Navitas Markets, IronXchange (IronX)

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@AsstModerator @Scam Investigations Committee can you update their review page with the "other names" that are not already listed? There are several names that are missing. There are also several websites missing (FxPace.com.au, ArgoMarkets.com, FxLift.eu, IronX.com, FxDD.com)

I must admire the sheer guts and brazenness of Markos Andreas Kashiouris. Not only has he managed to bilk investors from around the world, but he somehow eludes regulators in broad daylight to this very day. Regulated fools and their money......

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My initial analysis of all this: The artists formerly known as IronFx are trying to re-enter the Chinese market using FxPace/ArgoMarkets brand (they'll pick up a few Au regulated fools who want to "test deposit" also). But I assume the accounts will actually be opened at one of their offshore entities. I would be very surprised if they actually opened the individual retail accounts via Australian brokerage and held client money segregated and in an Au bank. That would open them up to all sorts of scrutiny. Especially after the ASIC recently demanded a bunch of information from Au licensed forex brokers about nearly every aspect of how they engage their clients.


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Oh.....and for some historical context:

The undisputed facts are:

1) IronFx has over 9 figures of client funds that went missing. No real explanation has been given as to why this happened besides SNB incident.

2) they have changed their name to Notesco Financial Services, likely to avoid more prosecution and still continue to use IronFx brand or churn new victims. Their underlying scheme is still the same. Some other former or current names: IGHG Ltd, Terra Management Services Ltd, Gvs (au) Pty Ltd, Ironfx Global (Au) Pty Ltd, Ironfx (Australia) Pty Ltd, Etx Finance Group Pty Ltd, FxDirectDealer (FxDD Malta, Mauritius), Ironfx, FxGiants, OptionTitans, FXWin, FXOptiom, 8SAFE Pty Ltd, FxLift.eu, ArgoMarkets Ltd, Navitas Markets

3) They have some legitimate regulation with their subsidiaries (In UK, Au, etc). These entities are used to provide a front of legitimacy, but they will then get investors to open accounts at their less regulated or non-regulated entities in Cyprus, St Vincent/Grenadines, etc without client knowledge or done in a way so that the client would not know which regulator they were protected with. Then when you complain to a regulator, the regulator will say they cannot help you because the account is not covered.

4) Merger with Nukkleus did not go through shortly after failing to get SEC approval. Although it appears that FXDD is now under IronFx/Notesco control. But they did manage to raise some $100MM in funding from some Middle Eastern [suckers??].

5) IronFx came back briefly to FPA forum in the 2nd/3rd quarter of 2018 and started to pretend to help. They paid a few people and tried to defend their "good name". I'm sure the various Cyrus ombudsman decision compelling Iron/Notesco to pay former clients what they were owed had something to do with this sudden change of heart I think this was a ploy to help set up their next scam by claiming that they have paid some people. Do you really think that after thousands of scam claims of people who have not had their withdraw requests honored for over 4 years that you can just come in 1-2 months and smooth everything over?

6) Several negative articles/videos on the internet revealing many of these truths about IronFx operations were scrubbed during this time, usually using either SLAPP lawsuits or using SEO to try to bury the negative articles deeper in the search results.

6) IronFx is not done scamming: They have launched a crypto exchange IronX in 2018 and somehow convinced some investors to give them more money. And now they are ramping up operations on their Au license via ArgoMarkets / FxPace for 2019.

Here is a good summary of the IronFx saga (other than what is already on FPA): https://www.wattpad.com/story/179457511-the-ironfx-story

TLR.....A couple of videos for your viewing pleasure:





here is a chinese article detailing some of this.

The real real mind-blower that ties this altogether:



Did I miss anything?

These scammers did have an Australian license and a Sydney office with a website of ironfx.com.au with Notesco as the license holder, however it was impossible to become an Australian client online. They conned me into joining ironfx.com in Bermuda while giving me fraudulent documentation that my account was with the Australian version. I complained to the Australian Securities and Investments Commission which resulted in them losing their Australian license, however the scammers then started up a new website called ironfx.com/au claiming that that has an Australian license which it doesn't.

 

[Scam Reporters]

These scammers did have an Australian license and a Sydney office with a website of ironfx.com.au with Notesco as the license holder, however it was impossible to become an Australian client online. They conned me into joining ironfx.com in Bermuda while giving me fraudulent documentation that my account was with the Australian version. I complained to the Australian Securities and Investments Commission which resulted in them losing their Australian license, however the scammers then started up a new website called ironfx.com/au claiming that that has an Australian license which it doesn't.

This is true. Their sales people, Aussies btw, were offering across world IB deals under FXPace brand, but once one gets to the stage of signing the agreement, an offshore IronFX emerges. Not even a CySEC one.
IronFX massacred Chines clients via Chines IB people. They had an office there. Desperate clients were committing self-harm (cutting them selves, bashing heads on the wall etc) in front of the office, protesting to have their deposits returned
Off course, no money was returned.
The 'good' news is that introduces and referral people shall be restrained by stricter rules in Europe, by ESMA and then consequently by country regulators. Should come into effect next sometime year. For whatever it's worth now... Bad news is there will always be a way to circumvent these rules.

 

[Scam Reporters]

By the way, FX Pace, part of court proceedings in Germany now days:

"...court documents showed that the suspects allegedly ran the websites IntegraOption, SolidCFD, Tradesolid, BitCapitalMarkets, Mycoinbanking, Getfinancial, Procapitalmarkets, Profitstrade,  FXPace, Acceptrade and Gainfintech"

Police nab 15 in suspected forex investment scam of German citizens

Raid on Petah Tikva call center carried out at request of German police; group allegedly persuaded investors to invest in fictitious financial operations, authorities say

www.timesofisrael.com

 

[Wisernow]

Ironfx lost their Australian licence after I provided proof to the Australian Securities and Investments Commission that they were using their Sydney office as a front to lure victims into their Bermuda based scam. They are still trying to trick Australians into joining with a new website called ironfx.com/au replacing their previous website called ironfx.com.au which no longer exists.

 

[4evermaat]

Ironfx lost their Australian licence after I provided proof to the Australian Securities and Investments Commission that they were using their Sydney office as a front to lure victims into their Bermuda based scam. They are still trying to trick Australians into joining with a new website called ironfx.com/au replacing their previous website called ironfx.com.au which no longer exists.

Hmmm. When did you provide this proof?

 

[Wisernow]

Hmmm. When did you provide this proof?

Probably about one year ago, the ASIC website shows that their licence was revoked not long after.