Blackmailing Affiliate Stages Protest Against AETOS Capital Group

UPDATE: AETOS Capital Exposes Chinese Affiliate’s Blackmail Attempt

Chinese Forex Forex Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Read this Term traders and, to an even greater extent, Chinese Affiliates Affiliates Affiliates serve as an essential component of a broker’s client acquisition tactics and marketing. One of the most important functions of affiliate marketers is the sending of leads to the broker, which are directly opening an account or visiting the broker’s website. There are several ways in which brokers compensate affiliates based on the number and type of clients they refer to the company and whether or not or how much they end up depositing.Understanding CPA or Cost Per Acquisition The bro Affiliates serve as an essential component of a broker’s client acquisition tactics and marketing. One of the most important functions of affiliate marketers is the sending of leads to the broker, which are directly opening an account or visiting the broker’s website. There are several ways in which brokers compensate affiliates based on the number and type of clients they refer to the company and whether or not or how much they end up depositing.Understanding CPA or Cost Per Acquisition The bro Read this Term are known for their activism whenever they think a firm has wronged them in any way. According to new media reports from China, a large group of traders and affiliates came to the local offices of an international broker in Heilongjiang Province in protest a few days ago.

The targeted company this time was AETOS Capital Group. It is regulated by the Australian Securities and Investments Commission (ASIC) as an FX broker, holding a local licence which authorizes AETOS to run a financial services business in Australia. However, according to the original report from our colleagues at waihuiTV, AETOS primarily targets the Chinese market and only has a staff of four people in Australia.

It has been a common practice for China-centered brokers to seek regulations in Australia or New Zealand over the past years, as they are perceived as the most competent regulators in the Asia-Pacific region. As ASIC has seen that it needs to invest much of its time and resources to monitor firms having no significant client base in Australia, it recently clamped down on international brokers.

The protesters accused AETOS of stealing their money and operating against local regulations, but the exact details are unclear. It is known that the main organizers of the protest were former AETOS affiliates themselves. In the Chinese industry it is a common perception that affiliates hold most of the power in the trader-affiliate-broker relationship.

In January, there were two reported instances of heated protest at IronFX’s offices in Shanghai, culminating in a violent attempt to attack a company executive. This came after ex-IronFX affiliates went on television to accuse the broker of wrongdoing.