This could be an attempt by the alleged fraudster the City of London Police are investigating, Clint Canning, to cover his tracks.
Exactly two week ago, Finance Magnates revealed that the binary options brand Base2Trade was linked to Clint Canning, the operator behind the alleged FX World scam. The website's firm seems to have been taken down completely.
UPDATE: A couple of hours after this publication the site suddenly reappeared but with new account opening operations still not responding. The site has tried to allay the fears of its clients with the following message: "Dear valued customer, we have recently gone through a management change and office relocation. We apologise for the recent lack of communication. As of Monday we will be back to normal and look forward to speaking to you and assisting you with your enquires. The changes we have made are for the benifit [sic] of our customers and we hope you enjoy the new experience with us."
Last month the site was still operational, but for some clients who tried to open an account a message popped up informing that the company cannot accept UK-based clients. While this same message appeared for viewers of several non-UK locations, few others were allowed to proceed with the process. This is no longer an option and no sign has been given for the shutdown, implying the persons behind it are now trying to cover their tracks.
The City of London Police are already reportedly investigating a case of fraud related to the bankrupt broker, FX World Managed Account Ltd (FXWMA). According to various sources, including a string of directorate filings in the UK , it seems that Mr. Canning has also embezzled millions from clients of his binary option brokerage.
Furthermore, the head of the brokerage has taken flight, leaving both employees and service providers at a loss regarding their funds and salaries. Two industry sources familiar with the inner workings of Base2Trade have confirmed to Finance Magnates that the brokerage has ceased all operations due to its owner having fled the UK to Dubai, perhaps with the missing Client Money that has lead to the investigations.
Launched in the beginning of 2014, Base2Trade is based in London and registered in Anguilla, the British West Indies. While it was still operational last month, the website presented a fast-paced trading environment, inviting clients to “take advantage today” of a “crazy June” offer.
The social media accounts of Base2Trade (Facebook and Twitter) also appear to have stopped updating with original posts from about December 2014. Except for automatic how-many-new-follower posts on Twitter, the only social media activity around the company are the many unanswered client complaints on its Facebook page, starting from June 11th.
During our investigation of the story, we found initial evidence of additional brokerages which may have been operated by Mr. Canning. Finance Magnates will keep you updated should new information surface. Make sure to read the fascinating full length exposé on Mr. Canning's whereabouts.
Exactly two week ago, Finance Magnates revealed that the binary options brand Base2Trade was linked to Clint Canning, the operator behind the alleged FX World scam. The website's firm seems to have been taken down completely.
UPDATE: A couple of hours after this publication the site suddenly reappeared but with new account opening operations still not responding. The site has tried to allay the fears of its clients with the following message: "Dear valued customer, we have recently gone through a management change and office relocation. We apologise for the recent lack of communication. As of Monday we will be back to normal and look forward to speaking to you and assisting you with your enquires. The changes we have made are for the benifit [sic] of our customers and we hope you enjoy the new experience with us."
Last month the site was still operational, but for some clients who tried to open an account a message popped up informing that the company cannot accept UK-based clients. While this same message appeared for viewers of several non-UK locations, few others were allowed to proceed with the process. This is no longer an option and no sign has been given for the shutdown, implying the persons behind it are now trying to cover their tracks.
The City of London Police are already reportedly investigating a case of fraud related to the bankrupt broker, FX World Managed Account Ltd (FXWMA). According to various sources, including a string of directorate filings in the UK , it seems that Mr. Canning has also embezzled millions from clients of his binary option brokerage.
Furthermore, the head of the brokerage has taken flight, leaving both employees and service providers at a loss regarding their funds and salaries. Two industry sources familiar with the inner workings of Base2Trade have confirmed to Finance Magnates that the brokerage has ceased all operations due to its owner having fled the UK to Dubai, perhaps with the missing Client Money that has lead to the investigations.
Launched in the beginning of 2014, Base2Trade is based in London and registered in Anguilla, the British West Indies. While it was still operational last month, the website presented a fast-paced trading environment, inviting clients to “take advantage today” of a “crazy June” offer.
The social media accounts of Base2Trade (Facebook and Twitter) also appear to have stopped updating with original posts from about December 2014. Except for automatic how-many-new-follower posts on Twitter, the only social media activity around the company are the many unanswered client complaints on its Facebook page, starting from June 11th.
During our investigation of the story, we found initial evidence of additional brokerages which may have been operated by Mr. Canning. Finance Magnates will keep you updated should new information surface. Make sure to read the fascinating full length exposé on Mr. Canning's whereabouts.
FM's Editor-in-Chief Yam Yehoshua on how the newsroom evaluates stories.
FM's Editor-in-Chief Yam Yehoshua on how the newsroom evaluates stories.
FM's Editor-in-Chief Yam Yehoshua on how the newsroom evaluates stories.
FM's Editor-in-Chief Yam Yehoshua on how the newsroom evaluates stories.
Matthew Smith, Group CEO at EC Markets, speaking at FMLS:24
Matthew Smith, Group CEO at EC Markets, speaking at FMLS:24
Matthew Smith, Group CEO at EC Markets, speaking at FMLS:24
Matthew Smith, Group CEO at EC Markets, speaking at FMLS:24
Finance Magnates Annual Awards 2024 | FM Awards 2024 Highlights
Finance Magnates Annual Awards 2024 | FM Awards 2024 Highlights
🎥Catch the best moments from the Finance Magnates Annual Awards Gala Dinner!
An evening where top names in finance came together to celebrate achievements, enjoy live music, and connect over a memorable dinner. Watch the highlights and feel the energy of our first gala in Cyprus!
Congratulations to all the winners for their dedication to excellence and leadership in the financial industry, including XM, Trading PRO, FP Markets, Deriv, FxPro, LATAM, Headway, ATFX, FBS, AMEGA, EC Markets, Axi
For more information about the 1st Finance Magnates Annual Awards, visit https://bit.ly/3Zb7wNz
#FinanceMagnatesGala #IndustryExcellence #GalaHighlights #FinanceMagnatesAnnualAwards #FinanceMagnatesAwards #CelebratingSuccess #FinanceCommunity
🎥Catch the best moments from the Finance Magnates Annual Awards Gala Dinner!
An evening where top names in finance came together to celebrate achievements, enjoy live music, and connect over a memorable dinner. Watch the highlights and feel the energy of our first gala in Cyprus!
Congratulations to all the winners for their dedication to excellence and leadership in the financial industry, including XM, Trading PRO, FP Markets, Deriv, FxPro, LATAM, Headway, ATFX, FBS, AMEGA, EC Markets, Axi
For more information about the 1st Finance Magnates Annual Awards, visit https://bit.ly/3Zb7wNz
#FinanceMagnatesGala #IndustryExcellence #GalaHighlights #FinanceMagnatesAnnualAwards #FinanceMagnatesAwards #CelebratingSuccess #FinanceCommunity
FMLS:24 | Shaping the Next Era of Financial Evolution
FMLS:24 | Shaping the Next Era of Financial Evolution
Welcome to FMLS:24 – the premier event where influential brands and leaders in trading, payments, fintech, and digital assets come together!
Join over 2,500 industry professionals, engage with 150+ expert speakers, and discover endless opportunities with 70+ top exhibitors. FMLS:24 is where senior executives and decision-makers gather to close deals, forge new partnerships, and strengthen connections with long-term clients.
Whether you’re in finance, technology, or payments, this summit is your gateway to future growth, meaningful collaborations, and industry-leading insights.
👉 Don't miss out – secure your ticket now at https://events.financemagnates.com/ZQEYy0?utm_source=youtube&utm_campaign=fmls24-awareness&utm_medium=video&RefId=MLS%3A24+Video+Promo
#fmls #fmls24 #fmevents #financemagnates #forex #payments #crypto #events #london #fintech #ai #generativeai #technology #onlinetrading #forex #investing #investors #tech
📣 Stay updated with the latest in finance and trading!
Follow FMevents across our social media platforms for news, insights, and event updates. Connect with us today:
🔗 LinkedIn: https://www.linkedin.com/showcase/financemagnates-events/
👍 Facebook: https://www.facebook.com/FinanceMagnatesEvents
📸 Instagram: https://www.instagram.com/fmevents_official
🐦 Twitter: https://twitter.com/F_M_events
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▶️ YouTube: https://www.youtube.com/@FinanceMagnates_official
Don't miss out on our latest videos, interviews, and event coverage. Subscribe to our YouTube channel for more!
Welcome to FMLS:24 – the premier event where influential brands and leaders in trading, payments, fintech, and digital assets come together!
Join over 2,500 industry professionals, engage with 150+ expert speakers, and discover endless opportunities with 70+ top exhibitors. FMLS:24 is where senior executives and decision-makers gather to close deals, forge new partnerships, and strengthen connections with long-term clients.
Whether you’re in finance, technology, or payments, this summit is your gateway to future growth, meaningful collaborations, and industry-leading insights.
👉 Don't miss out – secure your ticket now at https://events.financemagnates.com/ZQEYy0?utm_source=youtube&utm_campaign=fmls24-awareness&utm_medium=video&RefId=MLS%3A24+Video+Promo
#fmls #fmls24 #fmevents #financemagnates #forex #payments #crypto #events #london #fintech #ai #generativeai #technology #onlinetrading #forex #investing #investors #tech
📣 Stay updated with the latest in finance and trading!
Follow FMevents across our social media platforms for news, insights, and event updates. Connect with us today:
🔗 LinkedIn: https://www.linkedin.com/showcase/financemagnates-events/
👍 Facebook: https://www.facebook.com/FinanceMagnatesEvents
📸 Instagram: https://www.instagram.com/fmevents_official
🐦 Twitter: https://twitter.com/F_M_events
🎥 TikTok: https://www.tiktok.com/@fmevents_official
▶️ YouTube: https://www.youtube.com/@FinanceMagnates_official
Don't miss out on our latest videos, interviews, and event coverage. Subscribe to our YouTube channel for more!