exchangeviews Reviews

Review for Cinda-Securities.com

Sydney, Australia,
Aug 17, 2021,
Registered user

Bedbrook International scammed me big time

Service use: Other

Length of use: Have not used

See Scam Alert thread in relation to the "Cinda sister" website Bedbrook International.
Once again they claim to be an ASIC regulated broker in the regulatory profile menu.
This is a fraudulent claim and you should complain to them, ASIC' and Meta Quotes for starters. You can see the Hong Kong based parent organisation there also WanFu. So a complaint to the SEC and the Hong Kong Police if they have stolen your funds would be a reasonable action also.
I think you will see where this is all heading !
 

Review for Bedbrook.net

Sydney, Australia,
Aug 11, 2021,
Registered user

Bedbrook International scammed me big time

Service use: Live

Length of use: 0-3 Months

Basically the simple objective is to lure, via an initial social media platform contact (WeChat and then WhatsApp in my case), unsuspecting novice investors such as myself into establishing an online trading account and investing their funds with a Forex brokerage going by the name of Bedbrook International. They masquerade as an Australian ASIC regulated brokerage under the guise of an identically named AFS Licence holder (Bedbrook Partners) located in Perth Western Australia. FYI their website address is www.Bedbrook.net In effect this is where the fraud lies legally as I have had confirmation from the principal of Bedbrook Partners that there is no relationship between their Perth business and this Hong Kong / China based brokerage operation. He has made a formal complaint to the Australian Financial Regulator ASIC as have I.

After making the unsolicited contact and gaining your personal trust over a few weeks of social correspondence, the advisor/operative (invariably a young, attractive, and seemingly wealthy Chinese or Hong Kong based woman) introduces you to the METATRADER 5 (MT5) foreign exchange trading platform and refers you to use her personal brokerage (Bedbrook) in order that you may share with them in the significant opportunity to make very attractive profits at carefully researched and targeted times in the live FX market cycle. Needless to say none of this proves to be true and, after what appears from a few successful live trades to be a fool proof pathway to guaranteed success, it is all set up to manipulate the MT5 app trading time ending with the total loss of funds invested when the "big trade" that will lead to the "promised land" goes horribly wrong.

In any case there is certainly no appetite on behalf of the MT5 licenced broker (Bedbrook International) for funds to be withdrawn by a trader once they have been deposited into the designated fraudster's bank accounts. Illegal funds procurement is the true business model of these criminals.

The facts in my case were a little different in that whilst (for the most part) I fell for the whole scam, making 2 small but "supposedly" profitable trades before the big one that was being set up so I'd lose all my money like many before me, due to the misappropriation of 3 final large bank transfers I made to one of their "fast collection" accounts one in subject, the Bedbrook client service officer (Sophie) was unable to convince me that these funds had innocently gone astray and hence would not reach my METATRADER 5 trading account as all the other deposits seemingly had. I was then assured these funds would automatically be returned to my bank account in the matter of a few days. Smelling a rat, I decided to undertake some further online research of this firm and as a result I discovered a chat forum Have you heard of BEDBROOK international? (55brokers.com) which revealed the scam and the potential criminal nature of what I was involved in. Needless to say that I immediately notified my banks of the potential fraud and reported the matter to the NSW Police. I then refused to participate in further trading 'opportunities" and immediately requested the return of my funds. These requests have predictably been met with deaf ears from the perpetrators for these past 8 months now.

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