This post is very helpful to anyone that would even consider using this Reichman Partners and the 2000+ followers on facebook that are at risk of being harmed and scammed by them.
What licences do they have for offering financial services?
If this is an authorised firm then who are they regulated by and in which countries?
There is nothing on their website.
71-75 Shelton St, London, WC2H 9JQ is a virtual office address - where are they operating from?
Danny Black's Mums back bedroom! she'll be pleased when her house gets raided and her son carted off for fraud.
Ironfx that Reichman Partners claim to be managing accounts for has already been confirmed as a SCAM by the FPA - see
https://www.forexpeacearmy.com/forex-reviews/7653/www.ironfx.com
Here's a recent case of someone fraudulently soliciting people and misappropriating their funds:
http://mondovisione.com/media-and-r...propriating-customer-funds-intended-for-futu/
Date 24/10/2019
"The CFTC’s complaint charges Alper with defrauding members of the public by fraudulently soliciting them to trade futures and/or forex contracts through accounts purportedly managed by Alper, and misappropriating at least $280,000 of the funds provided to him for these purposes."
An example of offering financial services in Australia without licence:
https://www.armstronglegal.com.au/c...ffences/directors-financial-services-licenses
Financial services licenses are needed for a broad range of financial activities including facilities through which people make financial investments or manage financial risks, such as insurance, stock broking and investment planning.
The law
It is an offence under the Corporations Act to carry on a financial services business in this jurisdiction without being licensed to do so. That is, without holding an Australian Financial Services License (AFSL).
IRON FX - Documentary by a BBC reporter HD