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

29th September, 2016

ADVISORY WARNING

IFX Investment House Ltd.

Tortola, Virgin Islands – 29th September, 2016 – The British Virgin Islands Financial Services Commission (the “Commission”) has been made aware that an entity calling itself IFX Investment House Ltd., has been offering online trading and other forex related products and services, and presents itself as being incorporated and regulated in the Virgin Islands.

IFX Investment House Ltd. offers its products and services through a website located at www.traderecoveries.com which falsely claims to be headquartered in the Virgin Islands.

The Commission can confirm that IFX Investment House Ltd., has never been registered or incorporated as a business company in the Virgin Islands. IFX Investment House Ltd. has also never been licensed by the Commission to carry on financial services business in or from within the Virgin Islands.

Members of the public are therefore advised to exercise extreme caution if solicited at any time by or conducting any business with IFX Investment House Ltd.

The public is invited to provide the Commission with any relevant information on this, and any other questionable entities that are purportedly operating in or from within the Virgin Islands.

The Commission is issuing this Advisory Warning under section 4(1)(l) of the Financial Services Commission Act, 2001.

 

 

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Contact Information

British Virgin Islands Financial Services Commission


Pasea Estate
P.O. Box 418
Road Town, Tortola, VG 1110
British Virgin Islands

Tel: 284-494-1324 or 284-494-4190 GMT – 4:00
Fax: 284-494-5016
Hours: Monday-Friday 8:30a.m. - 4:30p.m.
commissioner@bvifsc.vg