Luxembourg’s CSSF continues to highlight scammers

Luxembourg’s CSSF continues to highlight scammers

Unregulated “Forex” brokerage Webnet Ltd has been blacklisted by the The Commission de Surveillance du Secteur Financier (CSSF). The country’s main financial regulatory suspects them being involved in scam operations.

The brokerage Webnet Ltd claims to be a CFD broker and further purports to be regulated by the authorities in Luxembourg, however, such claims are divorced from reality. It operates through the website – www.2dots.com – and gives a supposed address: 5, rue Heinrich Heine, Luxembourg 19857. We also read that there are more than a thousand different trading products which is quite impressive, however, the broker does not extend potential clients a test-drive of its platform and we conclude it is likely a bogus claim.

The CSSF has always advised traders to only do business with legitimate firms that hold the proper license. Traders may always check the regulatory status of a given company by going on the online registry of the Luxembourgian financial watchdog and typing out the name of the company. Another good idea is simply googling the name of the company and reading reviews from ex-clients of the brokerage, as well as from professional Forex bloggers.

 

Top Forex Brokers

Broker Country Rating Min. Deposit Website
US 5/5 $50 Click for a special offerWebsite
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2 Comments

  1. Bruno Uytenhoven

    Geachte,
    Welke zijn de legitieme bedrijven ?
    Graag wat meer informatie.

    Met vriendelijke groeten,
    Bruno Uytenhoven.
    ——————————
    Dear,
    What are the legitimate companies?
    Like some more information.

    With best regards,
    Bruno Uytenhoven.

  2. Vincent Du Chenne

    I have been scammed out of an investment over the last 9 months in the amount of USD $7750 by a Broker called Verticoins. The address on their website is:

    Verticoins
    10/F Westhafen Tower
    Westhafenplatz 1
    Frankfurt
    Germany
    Tel: 46 31 3619373 Email: [email protected]

    We traded successfully on their platform yielding very positive returns. The platform still exists with all the trades since inception shown in explicit detail. I was called upon to pay an exchange fee of USD $3500 to effect a withdrawal on 13th June 2019. I am unable to retrieve any of my funds. Neither the Broker named Rebecca McCann or their support desk answer my emails. I am in the process of formulating criminal charges against both parties in the countries of South Africa, Switzerland, United Kingdom, Germany and Bulgaria where I believe they operate. I further notice that the physical address on their web-site has changed from London to Frankfurt.

    Any assistance will be highly appreciated to track down and stop these highly skilled and seasoned Scam artists from operating any further.

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