Teresa lives in Barcelona. He is about 50 years old and has some savings. A few months ago, he decided to invest in the Forex currency market, and specifically in the PrimeFX platform, which also operates under the PFXBank and YFX Capital formulas. He wanted an ultra-fast return and what he has achieved has been losing 16,000 euros. Teresa is one of dozens of private investors affected by an alleged fraud of brokers that prevent their customers from having the funds deposited on the platform. They also continue to ask for more money with the excuse that it is the only way to recover the investment. Those who accept, continue to lose. Those who refuse, do not recover it and go to court.
According to the law firm Martínez Echevarría, which has a dozen cases detected throughout Spain, Forex “is not a scam in itself: nothing is further from the truth, it is a foreign exchange market that, with knowledge and advice, can offer great benefits to experienced investors. ” What is the problem, then? That many traders have lost money operating through unreliable brokers or through unauthorized entities.
These brokers usually start asking customers for an average of 200 euros. Immediately they receive a very high profitability and the clients invest more, enthusiastic about the performance. There comes a time when after allocating large sums of money (in some cases, exceed 30,000 euros), the benefits disappear. And if they want to withdraw the money, they prevent it. “The customer can not contact the broker. He does it only when he wants this “, points out El Confidencial Gonzalo Bentabol, lawyer of Martínez Echevarría.
The way to seduce customers is based on trust. “Those 200 or 250 euros represent a minimum amount. If you lose, it’s very little and everything you win is very good. ” Once the registration on the web occurs, call another broker trying to convince of the need to invest stronger amounts that require a minimum income of 1,000 euros. They clarify that they are “risk procedures, but that the brokers are experts”.
And the ‘credit card operation’ arrives. Curro (does not want to say his real name “because of shame and so they do not call me a fool, nor does my family know what I have invested”) he sent the numbers of his card (hiding the three security cards, and that gave him in principle a guarantee of that it was not a scam), apart from a scanned photocopy of the DNI.
The non-farm payroll data for the United States is published on the first Friday of each month. It was a good opportunity. “We need an income to invest”, encourage the ‘trader’. He already trusts the broker and gives him the three security numbers to make the charge on the card. Invests 5,000 euros. They promise you a 50% return and that you will have twice the capital invested in your account. He still has almost 20,000 euros left to recover and the broker tells him not to take all the money. Curro can not, he needs the ‘cash’. They give you long. It requires knowing more information about the company that has offered the product and does not offer it.