Vortex Assets SCAM ALERT!

[manlee]

Looks, who is on the move...

I received latest information from my close friends who were approached by Eu Trading Group's agent, now they have changed their name to Vortex Assets https://www.vortexassets.com as their broker and VTX Premium as their manager. Same group of people name Mr. Dean Price, Josh Hamilton and Alison Lloyd operate these scam FX companies. They are using the same method which is by showing too good to be true high monthly return through manipulated trades on MT4 platform. You can't just change a new name and tell new investors you are genuine and licensed. Unfortunately there is no license based on DD even though the agent claimed that they hold a CySEC license. Plenty of regulators web site already warn about them as a scam. Their web site owned and operated by Arboretix Trading Limited.

They will never stop creating new MT4 white labels for new companies. As a boiler room, they love to make cold call customers to offer lucrative investments up to 15% monthly return. They even claimed themselves doing high frequency trading with stocks. Please do not tell clients that you are doing HFT because generally MT4 do not support HFT. Non of their trades are real because no trades being process with liquidity provider, which mean there is no real money being generated.

Below are a list of companies that have scammed many innocent investors operate by the same group of people:
Arboretix Trading Limited
YouTradeFX
NewTradeFX
Eu Trading Group
OklyCapital Ltd.
IFX4U
LHCBrokers Ltd.

Found interesting testimonial from their clients.
https://www.forexpeacearmy.com/forex-reviews/12781/www.vortexassets.com
"Vortex Assets is a scam. They scammed me out of $500. I have trying to get hold of them for the past 2 months. They are not returning my calls and emails. As soon as they got my investment they pretended to be too busy to answer emails or phone calls. I made a withdrawal 2 months ago and was advised that I would get my money in 2 to 5 days. It's now 60 days and still no answer. They have run out excuses. Let's stand together to eradicate this cyber crime. Please people do not invest with them. It is a scam."

"They changed names for quite a few times already. The most recent one they renamed their company from EU Trading Group to the current Vortex Assets, during the Brexit announcement. When I email them my withdrawal application, they did not reply a single mail, even after a month. Their local representatives kept trying to persuade me not to withdraw. They trade Apple stocks too, opening with trades lasting only from seconds to minutes. How is that possible??"

UK newly setup company https://www.endole.co.uk/company/10079935/vortex-assets-limited
http://www.consob.it/web/area-pubbl...omunicazione-consob-a-tutela-2016-09-05/11973
https://www.google.com/url?sa=t&rct...BoV-SF3SQJQKCn_oA&sig2=O-dTEki0fe6cy5yHIfYQUQ
https://www.fi.ee/index.php?id=20090&year=2016
http://www.globalinvestoralerts.org/arboretix_trading_limited.shtml
http://fraudbroker.com/blog/abuse/vortex-assets/
http://www.mfsa.com.mt/pages/announcement.aspx?id=7359
http://www.mfsa.com.mt/pages/announcement.aspx?id=7280
http://www.amf-france.org/en_US/Act...cesStore/dd186fab-e7ef-4c89-8e09-b8d5f9c2eee7
http://www.binaryoptionswire.com/050116-brokers-warnings-regulators/
http://qiquanwang.com/article-1475-1.html
https://leaprate.com/2015/12/italys-consob-warns-against-optioncm-ifx4u/
http://www.fin-fsa.fi/en/Financial_...ers/Warning_lists/Pages/Foreign.aspx?letter=O
http://forexpress.hk/news/3327
http://atozforex.com/news/consob-warning-list-grows/

 

[Pharaoh]

Before I read all those links, which ones connect the company to YouTradeFx?

 

[manlee]

YouTradeFX
http://www.tradecomplaint.com/tradi...outradefx-broker_i3227#.WFks8Hdh1mA&gsc.tab=0
http://www.forexbrokerz.com/news/forex-scam-asic-youtradefx
http://www.leaprate.com/2014/11/asic-issues-warning-about-unlicensed-fx-dealer-youtradefx/
https://www.forexpeacearmy.com/community/threads/youtradefx-scam.40176/
https://www.forexpeacearmy.com/forex-reviews/6916/www.youtradefx.com

 

[Pharaoh]

I'm not seeing vortex on any of those 5. You don't need to post links to convince me that YouTradeFx is a scam. What I asked was for specific links connecting Vortex to YouTrade. Do you have any?

 

[manlee]

Dear Pharaoh,

We can't find any link between youtubefx and Vortex Assets is because they changed one after another. For example, youtubefx link with newtradefx, follow by newtradefx linked with Eu Trading Group and latest will be Eu Trading Group linked with Vortex Assets. There are posts in ForexPeaceArmy where it seems a member saw the connection between youtradefx and newtradefx.

 

[Pharaoh]

A lot of people say they saw many different things. With names as similar as YouTradeFx and NewTradeFx, it's easy to make mistakes. There's no way AsstModerator will put up an official warning of a connection to a scam as bad as YouTradeFx without some solid evidence.

 

[manlee]

Dear Pharaoh,

It's pointless to put up a warning when the scammer decided to pull the plug. It's too late if you know what i mean. As for this post, there are many alert concerning Arboretix Trading Limited which owned Vortex Assets.

 

[Pharaoh]

Not really. If ANY provably related scam site is still in business, then putting up that warning can alert traders to include the functional companies in any complaints to the authorities, lawsuits, etc.

On the other hand, listing unrelated companies as related will only end up wasting resources of investigators.

 

[Kelvin Jasper]

Vortex Assets is indeed a Big Ponzi Scam. My fellow member and I recently received email demanding 3 options (1) 22% insurance premium based on current equity - insurance of which expire in July 2017, (2) waiver - discharging Vortex from all liabilities and (3) cessation of trading of which current balance will be withheld for one year. We chose option 1 initially and request that premium be deducted from our current balance as what they do on the monthly 25% performance fee. This was rejected. They insisted on TT. It is tantamount to throwing good money after bad. Since last evening our trading account have clocking (RED) losses. This, obviously, is intentionally coercive and intimidating. It's too late for regret, but is our good and sincere warning to future investors not to be scammed by these characters:
Alison Lloyd, Chris Murphy and Richard Rollings operating Vortex Assets. They can fool all the people some time, some people all the time but certainly but all the people all the time !

 

[manlee]

I have did the best to WARN everyone but sadly, still many were SCAMMED.

Here is another case involved Vortex Assets. Is time to sent these scammers to the court!

https://www.forexpeacearmy.com/community/threads/vortexassets-corporation.49483/