Fx Choice Limited
We are investigating Fx Choice Limited for allegedly attempting to conceal critical reviews and adverse news from Google by improperly submitting copyright takedown notices. This includes potential violations such as impersonation, fraud, and perjury.
PARTIES INVOLVED : Fx Choice Limited
ALLEGATIONS : Perjury, Fraud, Impersonation
INCIDENT DATE : 23 Aug 2024
INVESTIGATED BY : Ethan Katz
TOOLS USED : Lumen, FakeDMCA, SecurityTrails
CASE NO : 0644/A/2024
CRIME TYPE : Intellectual Property Scam
PUBLISHED ON : 26 Nov 2024
Due Diligence
Is This About You?
What We Are Investigating?
Our firm is launching a comprehensive investigation into Fx Choice Limited over allegations that it has been suppressing critical reviews and unfavorable Google search results by fraudulently misusing DMCA takedown notices. These actions, if proven, could constitute serious legal violations—including impersonation, fraud, and perjury.
We conducted comprehensive analyses of fraudulent copyright takedown requests, meritless legal complaints, and other unlawful efforts to suppress public access to critical information. Our reporting sheds light on the prevalence and modus operandi of a structured censorship network, often funded and used by criminal enterprises, oligarchs and criminal entities seeking to manipulate public perception and bypass AML checks conducted by financial organisations.
The fake DMCA notices in this investigation appears to have been strategically deployed to remove negative content from Google search results illegally. Based on this pattern, we have reasonable grounds to infer that Fx Choice Limited - or an entity acting at its behest - is directly or indirectly complicit in this cyber crime.
In most such cases, such ops are executed by rogue, fly-by-night 'Online Reputation Management' agencies acting on behalf of their clients. If evidence establishes that the subject knowingly benefited from or facilitated this scam, it may be deemed an 'accomplice' or an 'accessory' to the crime.
What are they trying to censor
Fx Choice Limited, a forex and CFD broker headquartered in Belize, has faced a series of allegations, red flags, and adverse news over the years, raising concerns about its credibility and operational practices. While the company maintains its legitimacy, several incidents have tarnished its reputation, potentially motivating the firm to suppress damaging information—even through illicit means.
Major Allegations and Red Flags
Regulatory Concerns and Licensing Issues
Fx Choice operates under the International Financial Services Commission (IFSC) of Belize, a jurisdiction often criticized for its lax regulatory standards. Critics argue that Belize’s regulatory framework lacks the rigor of more reputable jurisdictions like the UK, EU, or Australia. This has led to skepticism about the broker’s commitment to client protection and transparency.
Withdrawal Issues and Client Complaints
Numerous clients have reported difficulties withdrawing funds, with some alleging that Fx Choice imposes unreasonable conditions or delays payouts. These complaints, often documented on forex review platforms and forums, suggest potential liquidity issues or unethical practices aimed at retaining client funds.
Misleading Advertising and Promotions
Fx Choice has been accused of using aggressive marketing tactics, including promises of high leverage and low spreads, which some clients claim do not align with their actual trading experience. Such practices have led to accusations of misleading advertising, eroding trust in the broker.
Lack of Transparency
The broker has been criticized for its opaque fee structure, with clients reporting unexpected charges and hidden costs. This lack of transparency has fueled distrust among traders, particularly those new to forex trading.
Association with Questionable Entities
Fx Choice has been linked to other firms with dubious reputations, raising concerns about its business associations. These connections have led to speculation about the broker’s overall integrity and operational ethics.
Adverse News and Reputational Damage
Several high-profile incidents have further damaged Fx Choice’s reputation:
Scam Allegations: Multiple online forums and review sites have labeled Fx Choice as a potential scam, citing unresolved client complaints and questionable practices.
Cybersecurity Concerns: In 2020, Fx Choice’s website was reportedly hacked, exposing vulnerabilities in its security infrastructure. This incident raised questions about the safety of client data and funds.
Regulatory Scrutiny: While not directly penalized, Fx Choice’s association with a lightly regulated jurisdiction has drawn criticism from industry watchdogs, further undermining its credibility.
Why Fx Choice Might Suppress Negative Information
The cumulative impact of these allegations and adverse news stories has significantly harmed Fx Choice’s reputation. In the highly competitive forex industry, trust is paramount, and even minor scandals can drive clients to more reputable brokers. To mitigate reputational damage, Fx Choice might resort to extreme measures, including cybercrime, to remove or suppress negative information. For instance:
Hacking Review Sites: The broker could target forex review platforms or forums to delete negative reviews or manipulate ratings.
Silencing Critics: Fx Choice might attempt to intimidate or silence whistleblowers and dissatisfied clients through cyberattacks or legal threats.
Erasing Online Evidence: Removing incriminating articles or forum discussions could help the broker present a cleaner public image, attracting unsuspecting clients.
Conclusion
While Fx Choice Limited denies any wrongdoing, the persistent allegations and adverse news have cast a shadow over its operations. The broker’s desire to protect its reputation could drive it to engage in unethical or illegal activities, including cybercrime, to suppress damaging information. However, such actions would only deepen the mistrust surrounding the firm, highlighting the need for greater transparency and accountability in the forex industry.
- https://lumendatabase.org/notices/44033198
- August 23, 2024
- Tech Triggers
- https://tradersunion.com/brokers/forex/view/fxchoice/is-it-regulated-is-it-safe/
- https://brokerchooser.com/safety/fx-choice-limited-broker-safe-or-scam
Evidence Box
Evidence and relevant screenshots related to our investigation
Targeted Content and Red Flags
About the Author
The author is affiliated with Harvard University and serves as a researcher at both Lumen and FakeDMCA.com. In his personal capacity, he and his team have been actively investigating and reporting on organized crime related to fraudulent copyright takedown schemes. Additionally, his team provides advisory services to major law firms and is frequently consulted on matters pertaining to intellectual property law.
He can be reached at [email protected] directly.
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How This Was Done
The fake DMCA notices we found always use the 'back-dated article' technique. With this technique, the wrongful notice sender (or copier) creates a copy of a 'true original' article and back-dates it, creating a 'fake original' article (a copy of the true original) that, at first glance, appears to have been published before the true original
What Happens Next?
The fake DMCA notices we found always use the 'back-dated article' technique. With this technique, the wrongful notice sender (or copier) creates a copy of a 'true original' article and back-dates it, creating a 'fake original' article (a copy of the true original) that, at first glance, appears to have been published before the true original.
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Average Ratings
2
Based on 4 ratings
Fiona Hayes
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Worst trading platform I’ve ever used. First, they promise low spreads and great support, but once you put your money in, it’s like they disappear. I regret trusting them.
Gavin Turner
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Total waste of time and money! Fx Choice won’t let you withdraw your funds no matter what. This is straight-up theft.
Harper Dixon
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Fx Choice has been nothing but trouble. I trusted them with my money, and now I can’t get it back. Their website got hacked too, and I’m worried about the safety of my personal info. Stay far away‼️
Ian Maxwell
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They said my account was under review for no reasonn I been waiting forever to get my money back. I think this company is just out to scam people!!