We have already published several warnings against the Bulgarian broker scam operator Noga Commerce EOOD, which runs FXCT Investments and the now-vanished CTL Markets. Regulators issued warnings against these schemes. A previous victim’s report exposed the fraudulent methods of the involved boiler room. As payment processors, we have discovered Global DLT Exchange d/b/a CoinDeck. A new victim’s statement exposed a bank account at Russian Sberbank. Stay far away!
Key data
| Brands | FXCT Investments CTL Markets |
| Domains | https://fxctinvestments.com https://fxctinvestments2.com https://www.ctl-markets.com https://ctlmarkets2.com/ |
| Domain registrar | Ordertld.com (CTL Markets) NameCheap (FXCT Investments) |
| Legal entity | Noga Commerce EOOD |
| Jurisdictions | Bulgaria, Hungary, St. Vincent & The Grenadines |
| Payment processors | Global DLT Exchange s.r.o. d/b/a CoinDeck Sberbank |
| Regulatory warnings | FSMA, FCA FXCT Investments, FCA CTL-Markets |
Don’t make the final payment
Customers of FXCT Investments report that they are being contacted by boiler room agents and informed that they would shot down the business as the authorities would no longer renew the license. Therefore, they would pay out the deposited money and profits. Before that, however, they would still need payment in the thousands of Euros to cover the costs of the account closure. No, they argue, these costs cannot be deducted from the profits! Ridiculous, isn’t it?
Our recommendation to all clients a/k/a victims of FXCT Investments
DO NOT PAY!
With probability bordering on certainty, you will not see the money already deposited so far and certainly not the profits. This final deposit would only increase your losses.
What should victims do?
FXCT Investments and CTL Markets customers should insist on the payout. If the responsible boiler room agents refuse, you should inform them that you will file a criminal complaint with the relevant authorities.
In addition, you should provide FinTelegram with information about your case. We will publish your case and will be happy to assist you in filing the criminal complaint. To be able to structure and analyze your case, please provide
- copy of the payment documents showing the beneficiaries, the bank and/or payment processor
- copy of agreements with FXTC Investments (if any)
- copy of important communication (if any)
Share information
Please submit your information and documents via our whistleblower system, Whistle42.
