I am a Canadian resident who lost total CAD*******.56 within 5 months with a company named "Financial Centre Ltd."

As I read an investment ad. On Facebook on Apr.02,2022, a woman named Sophia called me who declared she was from a company named "Financial Centre Ltd" in the UK. And pushed me under great pressure to deposit via my TD credit card CAD318.85 and assured me to withdraw at any time. She used the payee name to be "College for Trading".This is the only clue TD bank can trace. The next day a guy named Elon Gold started to follow up supporting me to start an automatic Lite Coin and BTC arbitrage on their system and earned some money. I told him I would like to withdraw the whole fund and he fulfilled it on Apr.7,2022 by means of crypto currency wallet via ShakePay as this company does not have a legal banking information. This made me trust this company ever since then.

Ignoring the fact that Financial Centre Ltd. neither has any government license, nor physical address and landIine telephone numbers I deposited around CAD110,000 in their company. They used "AnyDesk" software to monitor my computer screen instructing me to trade. Then lost totally in Sep. 2022.
They designed a fluctuating chart in their own platform via computer system that looks real. The huge profit they earned for me is unbelievable at the beginning but all of them were not true.
During this four months, I withdrew CAD*******.84 successfully, this is one of their trick making me believe them. They also instructed me how to report tax to the government which made me trust them at all. My total lost was CAD91,513.56.
I have filed my case to CAFC (Canadian Anti-Fraud Centre) but this was just a education platform and of no help currently in Canada. I called RCMP on Sep.19,2022. The officer came to my place, we talked in person and he told me it was hard to get the money back, the police officer also mentioned that they have received lots of complaint for Shakepay on cryptocurrency scam. Then I contacted ShakePay afterwards complaining about my huge lose as I think they are a legal bank in Canada. But actually they are not a bank, but a financial technology company who offers a platform for buying and selling digital currencies such as BTC and Ethereum. The Shakepay blocked me refusing to provide any further help.

TD bank refund me CAD80.00 for the first CAD318.85 payment as a sympathy subsidy on Nov.18,2022 after I contacted their head office in Toronto as this was not TD's fault.

STAY AWAY FROM "FINANCIAL CENTRE LTD."

(If you want to know how illicit investment companies work in general I suggest watching an excellent program "How Investments Skams Work" by Mariana Van Zeller).

Your money is not yours with this company. As soon as you invest it it is under their control. You can't withdraw anytime you want to. You can put in a request but unless a member of Financial Centre (FC) staff agrees you're entitled to it, your request will just sit there.

Their agreement apparently rests on you having completed the designated number of lots (they get you to sign a contract that you will complete a number of lots but it's not clear to the newbie what lots are and that withdrawals are tied to it.) There is also no running total on your account on the FC platform where you can check how many "lots" you've completed and whether you're "eligible" for withdrawals.

Their "experienced" advisors tell you what trades to place but get you to physically do it. Ostensibly so they can't "tamper" with your account but more because they can claim you alone had responsibility for the (reckless) trade. When you've taken on a trade you would never yourself place because you trusted the expertise of their analyst they can claim you made the trade.

Stewardship of the trades is a grey area. When they go bad it's your trade and you who loses the cash. I lost c$50K overnight. I never received a margin call that the trade was getting into difficulties. If it was my trade, why not? Made me wonder if it's just a practice account that you see and the trade is never placed at all in real money.

They get you to put your first $250 in their "training company" thru bankcard. But then they want the rest in crypto straight from your crypto wallet. Why? This is not usual practice. Could it be that no bank will deal directly with the company called Financial Centre?

There's a lot more I can say about their persuasiveness and ability to make you believe in them, but I guess that's to be expected. Hey we've all seen Wolf of Wall Street. Just because your account is building up nicely in the first 6 weeks, doesn't mean you won't lose it all on the next trade. These guys are slick and know what they can get away with. Once you stop giving them your money they will freeze you out.

If you join proceed with caution. My advice is don't put all your eggs in their basket and withdraw hefty amounts regularly, just to make sure you can. Better still find a platform which is really trustworthy.