Advisory Warning No. 3 of 2016 - IFX Investment House Ltd. (2016-09-29)

Summary

This is a public advisory warning issued by the British Virgin Islands Financial Services Commission (BVIFSC) alerting the public that an entity calling itself IFX Investment House Ltd. has been offering online forex trading and related products through a website (www.traderecoveries.com) that falsely claims the company is headquartered and regulated in the Virgin Islands.

• Not registered: IFX Investment House Ltd. has never been registered or incorporated as a business company in the Virgin Islands.
• Not licensed: IFX Investment House Ltd. has never been licensed by the Commission to carry on financial services business in or from within the Virgin Islands.
• Legal basis: The warning is issued under section 4(1)(l) of the Financial Services Commission Act, 2001.

The Commission advises members of the public to exercise extreme caution if solicited by or dealing with IFX Investment House Ltd., and invites the public to report any relevant information about this or other questionable entities purporting to operate in or from the Virgin Islands.