There has been another twist in the story about Forex Trend, the FX broker that got blacklisted in Russia and deregistered in New Zealand, leaving hundreds of investors in the dark about their money.
Ukrainian company Concorde Capital on Thursday launched a website of a new entity – PrivateFX (https://privatefx.com), which promises to offer a raft of investment services, including trading on the Forex markets, and even PAMM accounts.
More importantly, the company is supposed to be the new home for former Forex Trend clients. The latter, as LeapRate has reported earlier, are invited to make use of an offer to double the investment they had in Forex Trend, so that their funds are activated by the new company.
The website of the new entity is rather rudimentary at this point: there is not even a logo of PrivateFX on it.
The section regarding licenses and other legal information is quite attention-striking, as it says that the PrivateFX group of companies includes businesses regulated in Cyprus and Switzerland (this is supposed to be the major business entity). There are no names, links, or any other specific information regarding these companies.
PrivateFX says it will start normal operations on November 1, 2015.
(As the website has no English version, the translation credit goes to Google Translate).