4xCube Ltd Regulated Cook Islands B...

4xCube Ltd Regulated Cook Islands Broker

4xCube Ltd, Regulated Cook Islands Broker to initiate legal proceedings against ASIC March 31st, 2020.

4xCube, the boutique brokerage firm licensed by the Financial Services Commission in the Cook Islands, has today announced that it will begin legal action against ASIC as it challenges a blacklisting by the regulator.

Such cases are rare, but despite having made repeated attempts to engage with ASIC since late 2019 in writing, by phone and with the offer of a face to face meeting, the regulator has refused to enter into dialogue with the brokerage.

João Monteiro, founder and Chief Executive of 4xCube, commented:

“We are reluctantly taking this decision after the regulator has stonewalled all attempts by ourselves to resolve this matter. Such action is rarely sought, but as regulatory reach in financial markets grows, it does ask the question ‘who is regulating the regulator’.”

Many regulators – including ASIC – prohibit financial services providers from making unsolicited approaches to prospective clients. It is believed that the claim in question may stem from a former third party Introducing Broker, whose commercial relationship with the company was terminated in May 2019.

João Monteiro, added:

“The fact that ASIC has taken this course of action without consulting either ourselves or our own regulator is a cause for concern. With no effective right of reply, we believe this unwarranted listing will have a detrimental impact on our business going forward,”

Cal Evans of legal firm Gresham International, added:

“Our client has attempted to engage with ASIC on several occasions to resolve this matter but the regulator has refused to enter into a dialogue, instead blacklisting this licensed entity.

As this is potentially damaging for 4xCube’s future business plans, they have been left with no option but to seek a remedy through the courts and action has now been initiated.”

Current regulation precludes FX brokers from soliciting business in many jurisdictions, including Australia. At no time has 4xCube sanctioned or undertaken such activity.

Is 4xCube Ltd Regulated Cook Islands Broker a scam?
4xCube Ltd Regulated Cook Islands Broker is a scam and a bad service provider as per the report filed on dirtyscam.com. They are not aggressive towards their customer satisfaction and complaint grievance.
Is 4xCube Ltd Regulated Cook Islands Broker legit?
First 4xCube Ltd Regulated Cook Islands Broker is not a legit business owner or provider. You must take necessary precautions/measures before buying or using their services.
How many reviews are submitted by 4xCube Ltd Regulated Cook Islands Broker’s consumers?
There is/are 3 review(s) posted about 4xCube Ltd Regulated Cook Islands Broker and it indicates that the severity of the scam is Extremely High.
Where is 4xCube Ltd Regulated Cook Islands Broker located?
4xCube Ltd Regulated Cook Islands Broker is located at Cyprus. You can contact 4xCube Ltd Regulated Cook Islands Broker by dialing N/A or visit their website www.4xcube.com before filing a lawsuit. We are no way affiliated with better business bureau or yelp reviews platform.
How much monetary loss is incurred by 4xCube Ltd Regulated Cook Islands Broker’s customers?
According to the report(s), US $100000 was the total loss incurred by 4xCube Ltd Regulated Cook Islands Broker’s customers.

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3 reviews on 4xCube Ltd Regulated Cook Islands Broker

  1. Busted

    Joao Monteiro, John Goddard, Joao Severino of 8topuz, Cyprus. Scammers

    Directors Joao Monteiro, John Goddard, Joao Severino of 8topuz, Cyprus take ASIC to court after ASIC places 4xcube and 8topuz on fraud watchdog warnings list.

    Past is catching up with them, dirty dogs

    Cheers Dirty Scam for supporting us

    Many victims have lost money due to 8topuz and 4xcube trading strategies.

    Playing with peoples savings, complete scammers, they will all be locked up in prison soon. How’s prisons in Cyprus? Not long now Joao. See you at the next event!

  2. Joao Monteiro - John Smith

    Complete scammers

    https://dirtyscam.com/reviews/joao-monteiro-4xcube-8topuz-seed-group/

    Won’t answer phones & wouldn’t trade with them.
    All of my funds were lost in trading as I was advised to set the stop loss at $USD by a new staff member and when I tried to prove that this was the case 4xCube would not accept any evidence I presented. I also have evidence from others who were advised by the introducing broker to set the stop loss the same. While the broker is independent from 4xCube so they don’t technically have to held accountable they did know about the situation and did nothing to address it and as a result hundreds of thousands of dollars were lost. They also won’t answer their phones regularly and emails responses are extremely slow, the guarantee\insurance on the website is not applicable for trading losses.

  3. Cal Evans

    Cal Evans of legal firm Gresham International

    Cal Evans of legal firm Gresham International is a fraud and a con man.

    Cal is protecting 4xcube and ASIC will close you all down.

    “The fact that ASIC has taken this course of action against the owners of 4xcube means that they have been found guilty”

    Cal Evans of legal firm Gresham International should walk away from 4xcube

Reviews:3
Reported Loss :100000 $
Severity of Scam :Extremely High
Reported by : Anonymous
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