Donnybrook Consulting Ltd an overview of the fraud scheme

Today I have prepared for you a review of Donnybrook Consulting Limited. 

Donnybrook Consulting Ltd is a big scammer who operates at least 9 brands!

If you have already started trading with this company, read this review and find out how to get your money back!

Short about Donnybrook Consulting Ltd:

Company nameDONNYBROOK CONSULTING LIMITED
Company number11632561
Company typePrivate Limited Company
Incorporated onFriday, 19 October 2018

Donnybrook Consulting Ltd is based in the Commonwealth of Dominica.

Companies which are registered in offshore zones are exempt from taxes and can keep money in their accounts without any reporting. This means that when you make a deposit on the website of a broker, which is managed by a company registered offshore – your money is not protected and at any time the company can close and leave with your money. 

This is the first fact that says that trading with Donnybrook Consulting limited is dangerous.

What brands are managed by Donnybrook Consulting limited?

When I started researching information about this company I found more and more brands that have been declared fraudulent in all reputable registries such as CONSOB, AMF, FSMA, CNMV, FSA and LB.
Here is a list of websites managed by Donnybrook Consulting ltd:

  1. absystem.pro; 
  2. orbitrades.com; 
  3. orbitrade.io; 
  4. optimarket.co; 
  5. energy-markets.io; 
  6. eurofx.trade; 
  7. ofxb.io; 
  8. neotrade.pro; 
  9. bid-broker-stocks.io. 

I’m sure this is not a complete list and these guys have a bunch more sites. 

To be sure that all of these websites are run by the same company, it is enough to check the information on who all the domains are registered to, which is what I did:

For all of these brands, the “organization” listed is Donnybrook Consulting Ltd.

 the "organization" listed is Donnybrook Consulting Ltd.

Following I will show a short overview of each broker:

ABssystem review: is absystem.pro scam?

absystem.pro review

Main information about the broker ABssystem:

Broker status:Offshore Broker
Regulated by:Unlicensed brokerage
Scammers Websites:https://absystem.pro/
Blacklisted as a Scam by:FMA, BaFin, FSMA, CONSOB, CNMV
Owned by:Donnybrook Consulting Ltd
Headquarters Country:Commonwealth of Dominica
Foundation year:2021
Supported Platforms:Web trader
Minimum Deposit:$500
Cryptocurrencies:No
Types of Assets:FX, commodities, indices, shares
Maximum Leverage:1:100
Free Demo Account:No
Accepts US clients:No

ABSystem Warnings From Financial Regulators

ABSystem broker is registered in 2021 but has already been blacklisted in 5 EU countries.

Moreover, this warning was followed by a similar warning from the Austrian FMA. In order to protect its citizens, the Belgian FSMA warned against the ABSystem broker. The Italian regulator CONSOB was no less severe. And finally, the same warning in Spain, from CNMV.

If you have been scammed by an ABSystem broker, get a free consultation from anti-fraud experts. The consultation is absolutely free. Book a consultation.

OptiMarket review: is OptiMarket.co scam?

optimarkets review

OptiMarket details:

Broker status:Unregulated Offshore Broker
Regulated by:No Regulation (Illegal Broker)
Scammers Websites:optimarket.co and optimarket.trade (inactive)
Blacklisted as a Scam by:CONSOB, AMF, FSMA, CNMV and LB
Broker Owner:Donnybrook Consulting Ltd
Headquarters Country:Commonwealth of Dominica
Foundation year:2020
Supported Platforms:WebTrader and STATUS platform
Minimum Deposit:$250
Cryptocurrencies:No
Types of Assets:Forex (FX), Commodities, Indices, Stocks
Maximum Leverage:9:20
Free Demo Account:No
Accepts US clients:No

OptiMarkets Warnings From Financial Regulators

Warnings against the OptiMarkets came from the Italian CONSOB and French AMF. As per these regulators, OptiMarkets is a scheme broker without permission to provide financial services in related countries and the EEA zone in general.

On the other hand, Donnybrook Consulting Ltd was blacklisted by Spanish CNMV (four times since last year for different brands), Belgium FSMA, and Lithuanian LB for its other brands. The reason is always the same – conducting a scam.

optimarket-scam

If you have been scammed by an OptiMarkets broker, get a free consultation from anti-fraud experts. The consultation is absolutely free. Book a consultation.

EuroFX review: Another scam (eurofx.trade, eurofx.cc, eurofx.com)

EuroFX broker details:

Broker status:Unregulated Offshore Company
Regulated by:Unlicensed brokerage
Scammers Websites:www.eurofx.trade, www.eurofx.cc, www.eurofx.com
Blacklisted as a Scam by:FCA, CNMV, FSMA, CONSOB
Owned by:Donnybrook Consulting Ltd
Headquarters Country:UK / Mauritius
Foundation year:2017
Supported Platforms:MT4
Minimum Deposit:$250
Cryptocurrencies:Available
Types of Assets:FX, commodities, indices, shares, cryptocurrencies
Maximum Leverage:1:100
Free Demo Account:No
Accepts US clients:No

Since we already know Donnybrook Consulting Ltd, we know it has no regulations whatsoever. Despite false claims that EuroFX has been regulated by the UK FCA and FSC of Mauritius, none of these allegations is true. Moreover, the UK FCA issued an official warning announcing that EuroFX is an unregulated scam you shouldn’t trust. 

EuroFX Warnings From Financial Regulators

As mentioned, the FCA published an official warning back in 2017, stating that EuroFX operates illegally.

Since the broker changed its domain, other regulators have noticed it and joined the warning.

Euro Forex Investment Limited (EuroFX) scam

We have an official statement from the Italian CONSOB about the EuroFX scam. Another warning came from Spanish CNMV. And for the end, Belgium FSMA followed all of the above and issued a warning itself.

Therefore, there’s no security of the funds nor a compensation fund we can talk about. All you can do is file a dispute and request a chargeback if you ever have any issues with this fraudulent company.

OFXB review: another scam broker ofxb.io

The broker’s website is not active, so there is not much information.

I found several warnings from financial regulators that this company is a scammer.

ofxb scam

I think this data will be enough to understand that this was another dirty scheme of Donnybrook Consulting Ltd.

If you have lost money with this broker, this is not the end. Fight for your capital! Don’t leave scammers like this unpunished. Fill out the form at the end of this article and get a free consultation.

Energy Markets io review: Another scam by Donnybrook Consulting Ltd

Another broker who stopped its activities and scammed its customers. 

Broker nameEnergy Markets
CountryDominica
RegulationNo
Minimum Deposit$500
Leverage1:200
Trading platformsMT4
Available assetsforex, commodities, indices, stocks
Websitewww.energy-markets.io


It is enough to read traders’ reviews about Energy Markets as soon as it becomes clear that it is just another fraud scheme:

traders' reviews about Energy Markets


Before you start trading, carefully check the reputation of the broker and make sure your money will be safe. 

Orbitrade review: part of a larger scheme

Broker status:Offshore Broker
Regulated by:Unregulated brokerage
Scammers Websites:www.orbitrade.io
Blacklisted as a Scam by:CNMV, CONSOB, FSMA, DFSA, LB
Owned by:Donnybrook Consulting Ltd
Headquarters Country:Commonwealth of Dominica
Foundation year:2020
Supported Platforms:Web trader
Minimum Deposit:$250
Cryptocurrencies:No
Types of Assets:FX, commodities, indices, shares
Maximum Leverage:1:100
Free Demo Account:No
Accepts US clients:No

As we already mentioned, DonnyBrook Consulting Ltd, the company owner behind OrbiTrade, has its own reputation. It was warned many times by different regulatory bodies for different brands.

As you have already realized all the brokers that were managed by Donnybrook Consulting Ltd operate under the same scheme:

They attract clients with paid advertising, then when a young trader makes a deposit employees of Donnybrook Consulting Ltd call and persuade them to invest more money. After more and more traders try to get their money back – the broker deletes the site and opens a new site and so on in a round.

Be very careful and trust only brokers with good reputations, such as FXTM.

Neo Trade review: is neotrade.pro scam?

neotrade.pro review

This website is also managed by Donnybrook Consulting Ltd.

I think all the information I wrote above will be enough to understand that you should not trust Neo Trade broker.

Conclusion

I hope this big review was useful to you and now you know how to check a broker before you start trading with it. I wish you the best of luck in investing. 

Investing is your successful future, be as careful as possible! 

Good luck) 

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