The Financial Sector Conduct Authority (FSCA) warns the public to exercise caution when conducting financial services business with TRDFX, purporting to be associated with AFK Capital (Pty) Ltd (AFK Capital) with FSP number 51875.
It has come to the FSCA’s attention that TRDFX is offering investment opportunities to the public by purporting to be associated with AFK Capital. TRDFX is reportedly soliciting funds from members of the public for investment purposes. AFK Capital confirmed that it has no association with TRDFX.
While the FSCA does not comment on the specific business model or services offered by TRDFX, it is important to note that TRDFX is not authorised by the FSCA to provide financial services to members of the public. TRDFX failed to respond to FSCA queries.
The public is strongly urged to exercise caution when considering unsolicited investment or trading offers, especially those communicated through social media. The public is urged to act with care when investing their funds. There are many fraudsters operating scams, and the number is growing. South Africans lose millions of rands every year to fraudsters. Illegal operations are sometimes well-disguised as legitimate operations. The public is advised to be on the lookout for certain tell-tale danger signs when approached by persons offering attractive investment opportunities