Check on the ASIC website to ensure the business is a registered financial advisor.Do research and seek trusted or independent financial or legal advice. Hang up on the caller and taken some time to think about it.encouraged to invest more by being promised higher returns, and then pressured to do so or risk of losing all of his money.told he had to pay additional fees (taxes in this case) to access his money, though he was not informed of this earlier.phoned out of the blue by a stranger offering unsolicited advice on investments.They stated I would be ‘kicked off the market’ because my trades were failing and I was reduced to three per cent of my initial investment but by that point I knew it was all fake. I feel very embarrassed by this scam - they were very convincing and professional. They said I would lose everything unless I invested more as an emergency. They pressured me to invest more so that I could reverse the situation by increasing my ‘trades volume’. After I asked for my money, my trades started to fail and my accumulated profits were starting to decrease. I was never warned about this but they insisted I needed to pay taxes before I could get my money back. When I wanted to withdraw my money I was told I would need to pay taxes on my profits before I could access it. I invested more at their insistence and they promised I would earn even more. I could see my trades were resulting in good profits. I invested a few thousand and used their online platform, which seemed to work very well. He said his company was on the cutting edge and used the latest technology and could offer guaranteed returns. I was contacted over the phone by an online trader who specialised in binary options, cryptocurrency and forex trading.
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