Guardian Capital AG describes itself as a
“leading provider of online foreign exchange (FX) trading, CFD trading, and related services.”
However, according to a recent Behind MLM article, the platform may be a
“Malaysian trading Ponzi scheme.”
Here are highlights of the article that substantiate the allegation.
The platform “guardiancapitalag.asia” was just registered a few months ago, in December of 2018, there is no information about the ownership or management of the business, and an incomplete address in Switzerland is listed. Upon further research, Behind MLM discovered that Darren Yaw is named as the co-founder of the company and he resides in Malaysia, according to his Facebook profile. As a result, the review surmises that Guardian Capital AG is not based in Switzerland, but in Malaysia.
In addition, Yaw appears to be the co-founder of the World Crypto Asset Blockchain Alliance (WCBA), which, as its website explains, is hosts cryptocurrency seminars. Behind MLM indicates that the WCBA website does not have an Alexa ranking, which may suggest that the website is a “flop.” Moreover, there is no indication, at least on the WCBA website, that there it is connected to Guardian Capital AG. This seems odd, given that Yaw may be affiliated with both.
Moreover, the WCBA website may even disclaim its involvement with Guardian Capital. Those who visit the website may see a pop-up that states
“WCBA Global have been made aware of the notice of our company’s has no longer partnership with GCG Asia Ltd. We hereby wish to clarify that WCBA Global have no working business relationship with GCG Asia Ltd. or any of its affiliated companies. WCBA Global are not GCG Asia Ltd’s clients in any capacity and have never held an account.”
These are a number of red flags that may raise suspicion as to Guardian Capital AG.