ASIC Warns Public Against Suspicious Website limestonefx.com

The Australian Securities and Investments Commission (ASIC) today issued a warning against suspicious website limestonefx.com.

As detailed in the official press release, the Australian watchdog has received reports mainly from people who invested via limestonefx.com. These investors said that they are now unable to withdraw their funds.

ASIC found that the suspicious site falsely claims that it is affiliated with Limestone FX Pty Ltd, an authorised representative of Baileyhenry Capital Group Pty Limited, an Australian financial services (AFS) licensee. However, the two companies mentioned above stated that they do not have any connection to the website.

ASIC pointed out that the operators of the website appear to be located outside of Australia. They do not hold an AFS licence or authorisation to provide financial services in Australia. 

ASIC stated that they are unable to helping victims of limestonefx.com to recover their investment. They are advised to contact their financial institution to see if they can assist in tracing payments made. Unfortunately, often funds are very difficult to recover once is has been sent outside of Australia.