Nowhere Near Legitimate
Appealing appearances, enticing offers, and false friendliness offer no guarantee of financial safety. None of these aspects hold any significance in terms of security and profitability. Despite claiming to be headquartered in Dubai, this company lacks regulation from the jurisdictional authority, DFSA.
In fact, legal documents unveil the true location of the firm as SVG, a well-known tax haven in the Forex industry notorious for its numerous unscrupulous brokerage dealers. SVGFSA does not oversee their securities market participants, making them unlicensed anywhere.
Furthermore, established regulatory bodies such as FCA, BaFin, CySEC, ASIC, and NFA have no record of this fraudulent platform. It is imperative to select a regulated provider. Additionally, exercise caution with IV Markets, another unlicensed Forex operator.
Reputation Built on Fake Reviews
It is common for such fraudulent brokers to exploit online review platforms for deceptive marketing purposes. This scheme is evident on sites like TrustPilot, where the majority of testimonials originate from review seller networks.
The deception is noticeable, with one comment even posting the entire script for writing a testimonial!
Areas of Operation by Scammers
As indicated by the WhoIs registry, the trilliumfinancialbroker.com website was launched in 2022. The primary targets of this scam are residents of the following countries:
- United Arab Emirates
- Pakistan
- India
- Saudi Arabia
- United States
This fraudulent brokerage maintains several social media accounts, including Facebook, Instagram, X, LinkedIn, and TikTok. Their main focus appears to be inexperienced traders, as their YouTube channel downplays the inherent risks in volatile markets.
Boiler room agents play a crucial role in this scheme, working in conjunction with the fake reviews to persuade potential victims into impulsive and emotional spending. While invested funds may seem lost, our legal experts can still assist in the recovery process.
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