CRFIN blacklists Forex Trend

Crfin,blacklist, forex trend, CRFIN adds Forex trend to blacklistCRFIN, the self regulatory body has officially issued a warning against Forex trend, advising individuals against doing business with the firm following effort by ALpari RU to sensitize the public and regulators about perceived deceptive business run by Forex trend.

About a week ago, the largest Russian forex broker, Alpari RU penned an open letter addressing the wrong usage of the “PAMM account” trademark by Forex trend, as the trademark has been wrongly used and abused by the firm, therefore posing potential considerable damage to PAMM system methodology and the Industry in general.

CrFIN has also added its voice, warning the firm against the abusive use of the PAMM trademark, as it discovered the likely-hood of use of fake data and records offered to clients with regards to the PAMM account methodology.

Forex trend is a retail Forex brokerage registered in New Zealand with a number of offices across Ukraine and Russia. In addition to Alpari’s complains,  CrFIN confirmed to have received a lot of complaints from clients of Forex Trend regarding problems with withdrawal of funds. This firm has shown all signs of potential fraudulent dealings such as absence of objective payment guarantees, significant bonuses for attracting clients, signs of a false positioning and so on.
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Investors are advised  against doing business with this firm as CRFIN adds Forex trend to blacklist.

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