FTOCapital.com Scam

I received a call today from 03 9077 1873 claiming to be from  Financials Trading Online with a pitch exactly the same as HQ Brokers.  I’m not sure if H Q Brokers have pivoted to a new name or a different scammer driving this call.

It was obviously a Filipino boiler shop, but they claimed to be located in London. The caller stuck to the script like glue. I could trade “forex, commodities, stocks like Apple and Coke and even bitcoin.” Every interruption saw him back up to the top of the paragraph and continue reading like nothing happened.

I asked how they got my details and he said:

Surfing the internet you get popups for bitcoin or forex. You’ve seen them right? Well you accidentally click on them and we have your name, email and phone number.

Now I don’t accidentally click on popups or POP-unders because my browser is locked up so tight that I never see that stuff anymore. So that’s a lie but I don’t doubt they actively remarket and retarget anyone with investing interests (hello Facebook and Google). I also think they’ve got the BitCoinTalk forum user database and other hacked forums’ user-lists and cross-referenced emails to phone numbers. Plus a bot could do Facebook phone number lookups until two weeks ago to match numbers to names.

FTO Capital’s script really focuses on confirming past trading experience which I do. I think this is supposed to get me nodding in agreement with what they are saying as well as reinforce their expertise (?) as a trading platform. I could open an account with a deposit of $200USD. Aha! Now I see the reward the boiler-room is working for.

Their website is at FTOCapital[dot]com and they try to get you to create an account and make an opening deposit straight away.

Asking about regulatory compliance and licensing, I was quickly escalated to the Senior Account Manager Dale Davis. Dale promised me that my very own Senior Account Manager would teach me how to trade using their MetaTrader 4 platform to trade forex, commodities, stocks and even bitcoin.

But Dale is a Senior Account Manager right, why do I need another? It turns out Dale is only for onboarding new accounts. What sort of things will I learn at FTO Capital from my personal Senior Account Manager? I’d learn “How to read price and signals”.  Really?!?!

By now I was bored, but I persevered for you, dear reader.

I asked Dale, If I have a trading account why would I change to FTOCapital? He says I “May want to give it a shot”, which is the most low-pressure answer I’ve ever heard in a high-pressure sales call.

Back to basics. Are they regulated, and in what jurisdictions?  Dale says FTO Capital are physically located in London, operating in Australia & New Zealand for two years, South Africa longer, some Asian and some European countries too.

That didn’t answer my regulation question. Dale said Financials Trading Online are regulated in Canada, USA, France and Cyprus. And despite being located in London, FTO Capital is not regulated in the UK. In what jurisdictions is FTOCapital actually licensed? Dale said he’ll send all that info to my email address right now, put me on hold and 60 seconds later the call dropped out.

I didn’t believe any of that for a second but I wasn’t challenging anything FTO claimed on this call. Normally if I have the time to string these guys along I play hardball. Today I played coy for 19 minutes so they weren’t trying to scam someone else.

FTO Capital are listed on ASIC’s MoneySmart website. ASIC advises this company could be involved in a scam. Do not deal with this business as it is unlicensed in Australia.

The FTOCapital website mentions other company and brand names

  • Nona Marketing Ltd,
  • Financials Trading Online, and
  • Albius Ltd.

Red Flags from the website:

  • All references to companies and brands are pictures of text facilitating the easy swapping out of corporate entities and making it hard for search engines to link the context of the text.
  • The privacy policy does not name the company it applies to merely (“The Company”) hereafter the “Company”,
  • Terms & Conditions does not name the company or incorporation jurisdiction. It  merely states The Company is a brand owned and operated by(“The Company”) incorporated in the; and it peters out there.
  • Anti Money Laundering (AML) policy of for Nona Marketing Ltd with no reference to brands, subsidiaries or related entities. It is also a generic cut and paste AML that offers broad responsibilities of “the board” and “senior staff”

Addresses for this group are

  • Nona Marketing Ltd Ajeltake Road, Ajeltake Island, Majuro, Republic of  Marshall Islands
  • Albius Ltd, 53-55 Totlben Blvd. Sophia, Bulgaria
  • 4th Floor, Holden House, 57 Rathbone Place, WIT IJU, London UK
  • Lincoln House 296-302 High Holborn WC1V 7JH, UK

Phone numbers

+44 208 068 2565

Share your experiences in the comments below.

Fired on Your Birthday

My daughter heard that a coworker was let go on her 18th birthday.  Her message to me was in ALL CAPS and full of umbrage. The worst was the boss knew it was the kid’s birthday and FIRED HER ANYWAY!!!

That reaction was natural and wonderful. I am so proud of her empathy and humility.

Now, let’s look at the situation. They are all young, casual, employees in retail, customer-service roles. A manager decided a specific employee must be fired and not for theft, fraud or illegal behaviour.

Would it have been better to wait and make the worker come in on another day just to terminate them? Should the manager have made a phone call tomorrow and fire over the phone? What about firing by email or SMS?

Another way I’ve seen this done is merely not roster them for the next few weeks, with a gutless understanding that “they’ll get the message”.

No, there is nothing to be gained from avoiding doing it, in person, as soon as the decision is made. All other options extend the pain and drag the ugly feelings on.

It’s harsh but fairest to get it over with.

I’m sure the Manager took no pleasure in the firing. Managers who don’t feel bad letting someone go need to be fired themselves by their bosses. Managers who cannot feel empathy destroy a business.

And for the record, the Manager did not know it was the former employee’s birthday, but was saddened by the timing and shocked that the rumour-mill works so fast.

Scammer Phone Numbers

I’m putting a list of phone numbers used by scammers to call me. Note this list is for people who’s offers seem too good to be true, or breach Australian cold-calling, do-not-call or solicitation laws.

Telemarketers are on the Telemarketer Phone Numbers list.

+61 2 8206 9200
02 8206 9200 – Free iPhone promotion

03 9077 1873 – FTOCapital.com scam

These numbers are used by the HQBroker.com scam:

+1 647-989-8384
+27 (11) 068-6391‬
‭+27 (11) 362-1989‬
‭+27 (11) 710-1561‬
+44 20 2892 9411
+44 20 3140 4223
+44 20 3169 9197
+44 20 3235 5067
+44 20 3341 2365
+44 20 3403 9281
+44 20 3438 6555
+44 20 3816 5690
+44 20 3817 4627
+44 20 3932 7940
+44 20 3953 7863
+44 22 0296 9287
+61 409 464 294
+61 403 434 285
+85 20 0064 3148‭

Comment below with the numbers that have called you. You don’t need to create an account to make a comment, but you do need an email address to post a comment (I keep that data hidden). If you really don’t want to use an email address, please use bugmenot.com or even a long text or number string (like the phone number you’re reporting) @wealthesteem.org