Tag: ChamberFX

Sure, scammers launch most likely a few dozen new websites every single day. Thus, closing down five per week doesn't sound too impressive, but it's a start. Like every week, the Italian regulator Consob announced the blackout of five new websites of illegally operating financial services providers. Consob is the only EU regulator to take this effective measure. It would be desirable if more member states would create a legal basis for blocking illegal or fraudulent websites. Forza Italia!

We have recently received several complaints from victims of the ChamberFX (www.chamberfx.com) broker scam. According to its website, the scam is allegedly operated by Chamber (Holdings) Pty Ltd in Australia, which has a license from ASCI for Australia. We doubt that this company is actually the operator of ChamberFX but rather a clone. In the terms, UK is stated as applicable law, where this clone might be operated. As a payment processor, we have discovered iPayTotal,.