Yep. The trail actually goes pretty far back.
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They have actually changed names so many times it's suspicious. Roco Forex is a scam company registered in Australia, with business and clients in China. They took their China clients' money and ran away with it.
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The post is written by a user in Chinese, dated 20th April 2015. A rough translation on it says Roco Forex ran with the clients money, their MT4 account became invalid, all contacts on the website stopped working, the terminal was unable to connect to the server and the price chart is no longer updating. The final post was from another user who manage to dug out the names of the people who registered the company. Two guys named 尚迪 and 刘峰 from Beijing, who previously worked at IkonFX before June 2009. And that forum user told anyone who have deposited money in Roco Forex to report to the local authorities.
Coincidentally, Roco Forex changed its registered name from Roco international Pty Ltd to Eightcap Pty Ltd the following month after running away with clients' money in China.
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Well, what about Blueberry Markets? What's their relationship with Eightcap?
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Blueberry Markets Group is the business name of Eightcap. Blueberry Markets Pty Ltd is a separate entity registered under a different ABN, and is an authorised representatives of Eightcap to provide financial services on its behalf. On top of Blueberry Markets Pty Ltd, The rest of the licensed representatives includes Ben Clay, Tim Maunsell and Dean Hyde; All 3 of them moved over from AxiTrader, a broker who have an equally abysmal rating as Eightcap on FPA.
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We can see it's always the same few perpetrators and companies running around scamming people, changing names when their game is up, and then restarting their shady activities under the radar with a new business name once again, as new victims fall prey to the same few experienced old-time scammers unwittingly and helplessly. We really have to trace them down and end it for good.