With the proliferation of online investments, more and more novice investors are getting involved. For beginners, the best choice is to go for well-established large platforms because they offer more security compared to smaller ones. Safety concerns are the fundamental criteria for choosing a platform.
However, many fraudulent platforms have also become aware of this. They deliberately choose names similar to large platforms to deceive investors, fabricating regulatory information to gain their trust. It’s quite rare though to see one fraudulent platform "crash" into the name of another scam platform.
Recently, an investor reported to our platform that they were scammed by a platform, losing $12,500. The fraudulent platform in this case is named TC Global Capital. We have marked this platform as "suspected fraud" because they lack the basic regulatory licenses and information. They claim to have NFA regulation, but in reality, their regulatory information cannot be found on the NFA.
This is also a common scam tactic. Fraudulent platforms falsely claim to have regulatory licenses to boost their credibility. In reality, they don’t have the proper regulation, but instead use tricks such as stealing regulatory information, operating beyond limits, or fabricating regulatory licenses out of thin air.
Regardless of the method, the result is the same—they confirm their nature as fraudulent platforms.
It's worth noting that there isn't just one fraudulent platform using the name TC Global Capital. Another scam platform is also using this name. The fact that both fraudulent platforms use the same name simultaneously suggests that the teams behind them might be the same group of people.
In this complaint, the investor was relatively lucky as the scam platform with the same name was still a fraudulent one. However, some cunning fraudulent platforms intentionally use the same name as legitimate platforms. This can lead investors to trust the scam platform due to the reliability of the genuine platform, only to discover the deception after incurring losses.
We need to remind all investors that when choosing a platform, you should not only look at their name but also check their official website through regulatory and registration institutions. Only when the official website matches the regulatory license can it be considered effectively regulated.
