Impersonation of Velos Global Markets Pty Ltd (velosmarkets.com.au and others)

What Is This Scam?

This scam involves fraudsters creating fake websites and using misleading email addresses to impersonate Velos Global Markets Pty Ltd, a legitimate Australian financial services company. The scammers operate multiple cloned websites designed to look like the genuine business, tricking consumers into believing they are dealing with an authorized and regulated financial institution. Victims are typically approached through these fraudulent channels and may be solicited to open trading accounts, deposit funds, or provide personal and financial information under the false pretense of legitimate investment services.

The scam targets retail investors and traders seeking forex and financial market access. Victims may be promised favorable trading conditions, low fees, or exclusive investment opportunities. Once funds are deposited or personal information is shared, victims either lose their money through unauthorized trading or become victims of identity theft and further financial fraud.

Who Are They Impersonating?

The fraudsters are impersonating Velos Global Markets Pty Ltd, a legitimate Australian financial services company. The genuine company's official website is velosmarkets.com.au. This legitimate entity is registered in Australia with the following details:

• Company Name: Velos Global Markets Pty Ltd
• ACN (Australian Company Number): 604251416
• Regulatory Authority: ASIC (Australian Securities and Investments Commission)

By impersonating this established company, scammers leverage its reputation and regulatory standing to gain consumer trust and credibility.

Evidence & Regulatory Action

ASIC has issued an official investor warning through moneysmart.gov.au regarding the impersonation of Velos Global Markets Pty Ltd and its variants. This alert was published on 14 October 2025 and is actively listed on ASIC's Investor Alert List.

The regulatory warning specifically names multiple fraudulent domains associated with this scam, confirming that ASIC recognizes these websites as imposters operating without authorization. The alert classifies this activity as an active imposter scam targeting Australian consumers.

Red Flags

• Suspicious domain names that mimic the legitimate velosmarkets.com.au but use variations such as velosfx.com, vgmfx.com, velosgb.com, or velostrade.com
• Email communication from [email protected] or other non-official addresses claiming to represent Velos Global Markets
• Unsolicited contact offering investment opportunities or requesting deposit funds
• Pressure to act quickly or invest large sums without proper due diligence
• Inability to independently verify the sender through official ASIC registries or the legitimate company website
• Requests for personal identification documents, banking details, or cryptocurrency transfers
• Poor website design, spelling errors, or inconsistencies compared to the official site

What To Do If You Have Been Contacted

If you receive unsolicited contact from any of these fraudulent websites or email addresses, take the following steps:

• Do not click any links or download attachments from suspicious emails
• Do not provide personal information, banking details, or identification documents
• Do not transfer any funds or cryptocurrency
• Verify independently by visiting the official Velos Global Markets website directly (velosmarkets.com.au) and contacting them to report the impersonation
• Report the scam to ASIC via their online reporting system on moneysmart.gov.au
• Report the fraudulent email to your email provider and mark it as phishing or spam
• If you have already lost money or shared personal information, report the incident to your bank and local law enforcement immediately
• Monitor your financial accounts and credit reports for suspicious activity