CCG Trade - FCA warns against the online broker

11.02.2022
The supposed online broker CCG Trade sells itself as a trustworthy platform for trading with Forex and Co. However, there are numerous indications that there are strikingly many inconsistencies at CCG Trade. Reports from traders about CCG Trade are accumulating, which speak of telephone terror, rip-offs and investment fraud. Many have lost the money they invested with CCG Trade. Serious doubts are being raised. In the meantime, many investors in CCG Trade fear that it is an investment scam. All CCG Trade investors are wondering if they have fallen victim to an investment scam? And what can CCG Trade investors do if the suspicion of investment fraud is substantiated? Will CCG Trade investors get their money back? Does it make sense to file a criminal complaint against CCG Trade with the police? What help is available in the event of investment fraud?
 

CCG Trade: Doubtful Promises
What must baffled prospective investors read on ccg.trade? "Our dedicated team of support professionals is always ready to help you with any questions or concerns you may have...Our multi-device cryptocurrency platform is compatible with your PC, smartphone and tablet...We employ state-of-the-art safeguards to protect your personal funds and private information 24/7...Our exceptional services and terms have been recognised and awarded." This is just a small sample of the lying claims prospective customers find on CCG Trade's website. Not one of these promises made by CCG Trade has been kept. Unfortunately, the dubious business practices tend to make for unhappy investors and bad experiences!

CCG Trade: Hide-and-seek game with the domain entry!
Remarkable for the business practices of the CCG Trade makers is that the website does not contain an imprint. Thus, the complete information on the legally responsible operators of the website is missing. If one takes a look at the domain data of the CCG Trade website, there are no references to the operators. However, one learns that the domain was only registered with NETIM on 24.06.2021.

CCG Trade: Who is behind it?
Many investors will find it rather difficult to answer this question, as the CCG Trade makers do everything they can to conceal the true circumstances. However, this is nothing unusual. The perpetrators usually operate several of these websites with the same fraudulent business model. These are created in advance, quickly put on the net and just as quickly shut down. The top-level domain is often changed to deceive the financial supervisory and law enforcement authorities. But who is the operator? There is scant information about this on the CCG Trade website. Neither a company nor a business address is given. There is only the obligatory support e-mail address and the telephone numbers +442039126957, 02039126957 and 02045489805. A worldwide search for CCG Trade in the relevant registers leads to no result. This makes it clear that this is a purely fictitious product.

CCG Trade: The customer acquisition of the investment fraudsters
The same procedure can be found here again and again: In order to attract investors, the offers of CCG Trade are propagated in all possible media and channels. Often these offers are false promises. In addition, they upload promotional films on Youtube or Vimeo in which interested investors are convinced with false references. Here, supposed celebrities report on their experiences with online trading and cryptocurrencies, often with a misleading reference to the TV show "Die Höhle der Löwen". An affiliate programme is often started with the same goal in order to spur others to intensively promote CCG Trade.

CCG Trade: Criminal business practices
As soon as the customer has registered on the trading platform, he receives calls from alleged financial brokers who like to refer to their years of experience and their satisfied customer base. In many cases, however, the makers of this business model are fraudsters, against whom the Federal Criminal Police Office and the Federal Financial Supervisory Authority (BaFin) also warn. Investors usually start with a small amount of money. Beforehand, investors are often motivated to install remote maintenance software, such as AnyDesk or TeamViewer, on their computers so that they can supposedly receive help with the first steps. In many cases, the computer is manipulated afterwards and unwanted transactions are carried out. In the process, the investment fraudsters often also gain access to their victims' online banking. What is particularly criminal, however, is when supposed profits are displayed on the trading platform in order to entice the customer to place further high stakes. Sometimes even small sums are paid back to lull investors into a sense of security. Who then does not want to increase the stakes further? But what happens next?

CCG Trade: Repayment of the money is linked to conditions
Once in, it is usually impossible to get out. Instead, the administrators of the investment scams tie the repayment of the money to further deposits. This is where employees come in, claiming alleged tax debts and commission payments. If these are settled, the alleged profits are paid out. The perpetrators send investors self-made tax and commission statements, often decorated with fake coats of arms. These would have to be paid urgently. It is never possible to offset them against the alleged profits. If an investor refuses to make further deposits, supposed profits are turned into losses through senseless transactions and the client is damaged to the maximum. The horror does not end there, but investors are permanently confronted with calls from other dubious providers. This indicates that the investors' contact details are traded on among the investment fraudsters. In the end, a "saviour" regularly calls claiming to have uncovered the whole scam. He impresses with his insider knowledge. No wonder, since he is part of the fraud gang. The next rip-off! And of course the "saviour" also wants a small fee - up front!

CCG Trade: Scheme of investment fraud?
There is no regulation of the trading platform CCG Trade. CCG Trade lacks authorisation by a recognised European supervisory authority, such as the English Financial Conduct Authority (FCA) or the Cyprus Securities and Exchange Commission (CySec), which is frequently used by brokers. Likewise, there is no authorisation from the Swiss Financial Market Supervisory Authority (finma) or the Financial Market Authority (FMA) of Austria, which is responsible for Switzerland. Instead, there is a warning from the FCA dated 01.09.2021. It is easy to see that CCG Trade is a scheme of capital investment fraud. All investors harmed by CCG Trade are advised to contact an investment fraud lawyer as soon as possible.

CCG Trade: Where are the fraudsters active?
Unfortunately, the illegal activities of CCG Trade are not limited to the English-speaking world. Because CCG Trade also addresses German-speaking investors, it is only a matter of time before the defrauded investors of this speaker group also come forward. Going through the list of regulators is recommended before any financial commitment to reduce the risk of becoming a victim of investment fraud.

CCG Trade: Investors want their money back!
Fortunately, the situation is not as hopeless as it seems. The aggrieved investors can take countermeasures and demand their invested money back. At the moment, it is unlikely that the investment fraudsters of CCG Trade will be seized in the near future, but there is nevertheless reason to hope. Hope because the money flowed through accounts provided by reputable banks. Unfortunately, these banks failed to check the sometimes high and therefore controllable deposits of the investors and their forwarding for illegality. Failures of this kind enabled the investment fraudsters to carry out their criminal activities in the first place.

CCG Trade: They want their money back! How does it work?
Equipped with this knowledge, the interested parties would never have entered into a business relationship with CCG Trade. Now the only option left for the deceived is to try to recover the invested capital. Many investors cannot even imagine that there is a real chance of ever seeing their money again. Definitely yes! There are numerous legal bases to fall back on. The generic term is "money laundering". When investment fraudsters collect money, the offence of money laundering has been committed. Financial institutions are obliged to take action against money laundering. This is where one starts with good chances of success. Essential questions must be answered in advance. Where did the money embezzled by CCG Trade go? Is there a chance that the victims of the investment fraud will get back the money they invested with CCG Trade? What actions are due now? A lawyer specialising in investment fraud can provide comprehensive answers to these questions.

CCG Trade: Who can help?
What to do in case of investment fraud? What help can victims of CCG Trade hope for in the event of investment fraud? Victims of CCG Trade will ideally find the help they need from an experienced investment fraud lawyer. He or she will be able to take care of your case with CCG Trade both in terms of the criminal aspects of the investment fraud, as well as the recovery of funds and possible claims for damages. A lawyer for trading also comes into question because he is also familiar with the methods of fraudulent brokers such as CCG Trade.

CCG Trade: Follow the money!
The internationally active investor protection law firm Resch Rechtsanwälte has been investigating such abuses on the grey capital market for more than three decades. As a result, the way CCG Trade works is nothing really new. Over the years, Resch Rechtsanwälte has developed some powerful tools for tracking down stolen money and tracing the flow of funds. Making funds really disappear has become extremely difficult in the age of the internet. The sooner investors follow the money trail, the more likely they are to have their money secured. It is important now that investors who have been harmed by CCG Trade take action without delay.

RESCH Rechtsanwälte - Experience in investor protection since 1986
If you have been a victim of CCG Trade and want to know if and how you can get your money back, call +49 30 885 9770 or fill out the questionnaire. You will receive a free assessment of your case.