Licensing
To receive such a document, the broker needs to be activated. However, FXamo doesn’t think so and has made 3 attempts to seem like a managed company.
For the first time, a broker is lying if he says his work is “accepted” by the FCA. The second deception is that he has permission from the FSA regulator. No one is presenting us with a license. Broker Tribunal looked for evidence of its provision on the main FSA web resource. It was all pointless. The FSA did not provide the FXamo document.
3rd lie: FXamo representative made a false document that it has been managed by VFSC since November 2021. The Vanuatu Economic Services Commission has not issued a license to Fxamo. The scammers, using Photoshop, entered personal information into a printout that they picked up on the Internet.
Even if this permission was real, it would definitely not have meaning in the Russian Federation. From 2021, only those intermediary rights issued by the Central Bank of Russia play a role.
Sign 6.16 “Stop line”
Sign 6.16 “Stop line” is used to indicate the stopping place for vehicles at controlled intersections, railway crossings and toll booths on toll roads.
The sign is installed to the right of the road or above the carriageway. It is permissible to install a sign above each traffic lane.
Sign 6.16 is used independently or with marking 1.12.
If the sign is used independently, then the distance from the sign to the traffic light, barrier or near rail has the same values as for marking 1.12 (see above).
If the sign is used in conjunction with markings 1.12, then it is installed in the same cross section with the markings.
Now a few words about fulfilling the requirement to stop at the Stop Line. Marking 1.12 or sign 6.16 “Stop line” is a place (line) on the roadway in front of which the driver must stop when further movement is prohibited (at a prohibiting traffic light signal or a traffic controller’s gesture (clause 6.13 of traffic rules) and at the request of sign 2.5 “Traffic without stopping is prohibited").
Thus, when there is a 1.12 marking on the roadway or there is a 6.16 sign, you need to stop in front of the stop line (before the 6.16 sign). More precisely, not ON the line, but BEFORE the line. Photo and video recording cameras record the crossing of the stop line not by the front wheels, but by the front bumper of the car, i.e. its protruding part.
Crossing (driving) the stop line, or going beyond the stop line at a prohibiting signal entails sanctions under Article 12.12. Part 2 of the Administrative Code. At the time of writing, the fine for a stop line is 800 rubles.
The stop line before entering an intersection is by no means the boundary of the intersection. Those. crossing a stop line is NOT entering an intersection. The boundaries of the intersection are determined according to the term “intersection” from the beginning of the curves (clause 1.2 of the traffic rules).
The stop line (marking 1.12 or sign 6.16) directly AT the intersection is the place where the driver is obliged to stop at a prohibitory traffic light signal or a prohibitory gesture from a traffic controller (clause 13.7 of the traffic rules), if he did not manage to leave the intersection while the permissive signal was on for him .
What does the FXamo resource look like?
By going to the fxamo.com resource, you can immediately find a bright picture with a recommendation to gain “real income from trading”. Something similar is observed on the web resources of most scammers.
You should go to the “Contacts” option to see what communication options the scammer recommends. The office states the following about itself: there are 3 branches - in London, Hong Kong, Sao Paulo. Each office has a telephone number and e-mail. Initially, everything looks official.
However, these branch addresses are considered a lie by Fxamo, which the scammer uses to preserve the legend that it has international status. So, the usual verification, for example, of UK addresses indicates: the FXamo broker does not have any branch in England.
FXamo scammers
Another trick used by the scammer is to claim that they have several permits at once. Thus, FXamo claims that it is managed by the FSA, but does not provide the required documentation. In addition, the work of the office is “approved” by the British Regulation of Official Conduct in the Field of Economics (FCA), but there is no mention of Fxamo on the portal of the office itself.
For greater reliability, the Fxamo representative intended to deceive about the presence of a VFSC (Vanuatu Economic Services Commission) permit. This regulator is not considered reliable, but the broker does not even have its permission, which is also simply verified.
The Fxamo scam “compensates” for falsification of permits and addresses with colorful descriptions of its advantages. This technique is used by many scammers, and this project is no exception.
The advantages given by the office are considered ordinary “water”. Thus, the size of the spreads has not been established, and even if a leverage of 1:500 is actually provided, in the case of scammers this threatens even faster deprivation of funds at the slightest fluctuation in quotes, regulated by the intermediary himself.
Information about 12 years on the market and management of British law is a complete lie. In fact, the intermediary has no connection with the English authorities, which has been confirmed, and the usual domain age verification shows the following.
It should be pointed out: almost 4 years on the market is quite a long time for scammers, but they still don’t talk about 12 years. In addition, judging by the dates of the responses, the intermediary did not work at first, although the name was registered - almost all of the responses on the Internet were “fresh”.
What is the fine for running a STOP sign?
In the Administrative Legislation of Russia, there is Part 2 of Article 12.12 of the Code of Administrative Offenses of the Russian Federation, which establishes a fine of 800 rubles for failure to comply with traffic rules by stopping in front of a stop line indicated by a sign or markings. However, the article directly states that this should happen when there is a prohibitory signal from a traffic light or a traffic controller .
It is indicated above what exactly and under what conditions will be considered crossing the stop line, and in the event of a red light or a corresponding instruction from the traffic controller, Part 2 of Article 12.12 of the Code of Administrative Offenses is applicable.
But what if there is no traffic controller or traffic light, but there is a STOP sign? Then the circumstances matter:
- In the simplest case, they will indicate Part 1 of Article 12.19 of the Code of Administrative Offenses of the Russian Federation - violation of stopping rules: 500 rubles, and for MSK and St. Petersburg - 2500 rubles (Part 5) .
- If as a result the car drives into a pedestrian crossing or public transport stop - 1000 rubles, for MSK and St. Petersburg - 3000 rubles (parts 3 and 3.1 of Article 12.19 of the Administrative Code, and for MSK and St. Petersburg - part 6).
- The same, but for tram tracks - 3,000 rubles for the capitals (Part 6, Article 12.19) and 1,500 rubles for other regions (Part 3.2, Article 12.19).
- If an obstacle is created for the movement of other vehicles or in the tunnel, then 2000 rubles or 3000 rubles for MSK and St. Petersburg (part 4 and part 6 of article 12.19).
Separately, it is necessary to consider cases during moving. In this situation, at best, Part 2 of Article 12.10 of the Code of Administrative Offenses (violation of crossing rules), which implies a fine of 5,000 rubles , is applicable, but the first part (stopping at a crossing) can also be interpreted, which can lead not only to a five thousand fine, but also to deprivation of rights for a period of 3 to 6 months , and in case of repeated similar violation - for 1 year.
Fxamo – scam or not?
It's better to start with resource analysis. The authors write that the organization was opened in 2008 and is considered one of the main brokers. However, if you try to find responses about Fxamo on the Internet, it turns out that they are missing. There is a very simple explanation for this situation: the resource started working only a few months ago and has low traffic. Namely, the scammers lied about their age and reputation.
It is also possible to analyze the permission of a given office. The type of intermediary is managed by the offshore country of Vanuatu, but the management itself is not listed on the web resource, which is quite easy to check. It turns out that the resolution was done in Photoshop and it is meaningless.
Well, the last fact in favor of Fxamo being a scam is the well-known web portal template. This pattern is used by a rather prolific group of scammers who are looking for new Fxamo representatives every month to defraud honest citizens.
What is the essence of deception?
Under the guise of a CFD intermediary, Fxamo employees offer clients to open deposits for profit in economic markets. But in reality, there is no profit; all funds transferred to this office remain with the scammers forever.
Typically, people register with Fxamo through ads on Facebook and other social networks. Scammers are distributing advertisements about fabulous trading robots Telegram 10, Obshcheye Delo and similar ones. Then, to authorize the robots, you will need to transfer $200-500 to a deposit, which is lost quite quickly.
Another Fxamo deception scheme is trading with so-called managers. On a rigged platform, the user is shown an imitation of trading, and subsequently the user of the type wins a large amount. However, it will not be possible to withdraw this winnings without first paying “tax”, “connecting insurance”, and other fees invented by scammers. Paying for all this, of course, is pointless, since the scam functions only to accept finance, and the income on the account is simply outlined in the program.
In addition, Fxamo managers do not neglect to deceive citizens into obtaining loans and are themselves determined to finance users. The only difference here is that loans from intermediaries have no validity and are considered exactly the same fake as income on the site. But despite this, swindlers use threats of legal proceedings and debt collectors to force victims to pay a fictitious debt.
Regulations for the installation of road signs
The documents regulating the procedure for using road signs are:
- Technical means of organizing traffic. Rules for the use of road signs, markings, traffic lights, road barriers and guide devices. GOST R 52289-2004.
- Technical means of organizing traffic. Road markings. GOST R 51256-2011.
- Technical means of organizing traffic. Road signs. General technical requirements. GOST R 52290-2004.
The location of road signs is developed and approved by the authorities. According to the Federal Law “On Road Safety”, citizens must be informed about the ban or change in traffic patterns at least 20 days before the installation of a sign prohibiting entry, stopping or parking, or warning about one-way traffic. This may be a publication on the official website of the executive authority or local government body to which the corresponding road is attached, information stands near the installation site of new signs, and other means.
How Fxamo Scams: Scam Scheme Review
The essence of the deception is that representatives of the pseudo-intermediary ingratiate themselves with naive users and promise them big money from Fxamo. The charlatans' goal is to convince traders to open one of their trading accounts. Taking into account that trading uses its own platform, scammers can easily draw results to create the illusion of successful activity. Difficulties begin when a person tries to withdraw money. Then his profile is simply blocked.
In the responses, the company’s users describe that they were not allowed to withdraw their earnings under various pretexts. This is how the scammers manage to extract some more money. If the client does not have money to replenish his account, he is recommended to take out a loan. As a result, he ends up in a debt hole from which it is difficult to climb out. Judging by the responses, FXamo representatives will be able to threaten with bailiffs and legal proceedings, driving citizens to depression.
Administrative punishment
The driver passed sign 2.5 without stopping - an administrative traffic violation. Punishment under the Code of Administrative Offenses will be assigned depending on the location of the violation. In the city, it is determined according to Article 12.16 (Part 1) and is 500 rubles. But only if there was no violation of the rules for crossing roads. For example, turning left or making a U-turn is prohibited. Then the fine increases to 1500. The penalty for driving through railway crossings is 1 thousand rubles (Article 12.10, part 2). Appointment procedure: the traffic police inspector draws up a protocol and issues a fine. Stationary video cameras also record driving beyond the stop line and ignoring the requirements of road markings.
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Trading conditions, account types, Fxamo personal account
The list of trading tools provided is quite large. However, it is necessary to take into account the lack of liquidity providers; all proposed contracts are CFDs (transactions for difference). Intermediary trading tools:
- Currency pairs;
- raw materials;
- cryptocurrencies;
- stock;
- jewelry.
To start operating, you must register and open one of the proposed types of deposits. There are only 3 of them among intermediaries.
The minimum deposit amount is $500. Every skilled trader will agree that this is excessive - many other brokers recommend starting with minimum deposits, which is preferable for beginners. Moreover, the broker does not offer to launch a demo account, which also does not add decisiveness.
On the other hand, beginners are recommended to undergo training - either individually or in a group. Naturally, this will require you to leave personal information, which will prevent subsequent annoying calls asking you to open an account.
It's interesting to take a look at FXamo's personal account. At first, there is nothing dubious, but observant experienced clients will immediately notice the method of replenishment - cryptocurrency.
New clients should remember: not a single decent Fxamo representative ever accepts funds on bank cards or cryptocurrency wallets, since brokerage houses do not have the right to do this (only using a current account is allowed). Because of this, the screenshot of the personal account is another confirmation of the charlatan activities of the broker.
Specifics of installing traffic signs
Installation of road signs by experienced installers involves variability in work, depending on the given purpose: we fix non-permanent signs with temporary supports, concrete stationary products into the ground, asphalt. If you need to install a temporary road sign, we will promptly install a support structure made of durable metal, taking into account the specified height, deliver it, and place it in the specified location.
The racks can be welded onto regular crosspieces or reinforced ones to achieve increased resistance to wind gusts and vibrations. Also, the production and installation of traffic signs is available to customers in the form of metal structures for a group of signs with additional accessories.
The advantages of contacting S-Project: a full range of work from the development of a road sign installation scheme to the implementation of a design solution!
The conditions for using signs determine the choice of supports. We will study the area for the future placement of the sign and suggest the most rational method of attaching it:
- Steel pipes (racks) with galvanized protection.
- City lighting mast. Its relevance is due to the fact that the project falls within the installation area of a technical safety device.
- U-shaped base: two posts holding a sign, an information board, a pointer.
- L-shaped base: a massive structure, mainly used on highways.
- Metal guy: a stretched cable across a road or route, indispensable when placing only a guide or prohibition sign without additional information.
We carry out all installation work in compliance with the current road GOST.
Installation of traffic signs involves a range of related services:
- clarification of standard size, shape, color;
- production;
- layout approval;
- sale;
- delivery;
- installation.
Call: 8(495)971-3-971 , we will coordinate and install a road sign in Moscow, the Moscow region or in another region of Russia. Thanks to our large-scale material and technical base, we will develop and implement any design solution in the shortest possible time. You can buy a road sign from us, regardless of size, color and shape. Remember that timely resolution of formalities will make it possible to complete the work without delays!
Methods for depositing/withdrawing money on fxamo.com
To replenish your account, the pseudo-broker Fxamo recommends using only cryptocurrency (bitcoin). And this is natural, since such transfers are not easy to control. The user is given virtually no opportunity to confirm that he made transfers of company finances.
What is considered a conclusion is that it is practically impossible. In the responses, traders say that the company is preventing this in various ways. For example, it does not want to accept documentation for account verification, which is why clients will not be able to withdraw their own finances.
Exposure
It should immediately be emphasized that the entire myth of the office is one deception. This is a simple resource like an intermediary office. There is no documentation or permits confirming legal activities. Gullible citizens are deceived by stories that the office is governed by English law, etc. In reality everything is anonymous.
A trading platform is just a program that simulates trading. In reality, scammers do not have direct access to real exchanges, Forex, etc.
A real scam pattern. Charlatans persuade you to deposit as much money as possible, then they drain your deposit to 0 or simply block your profile. The user will not be able to return his own money because, first of all, scammers never compensate for finances, and also, you transfer funds to third-party details, in addition, you agree to the terms of the intermediary:
High Risk Warning: CFDs carry a high level of risk and may not be suitable for all investors. A high degree of leverage can work both for and against you. Before you decide to trade trades for difference (CFDs), you need to assess in detail the purpose of your work, your experience and risk appetite. There is a high probability of partial or complete loss of your invested funds, because of this you should not deposit capital that you cannot afford to lose.
They directly tell you that no one will compensate for anything. You are contributing funds that you may lose.
User rights
The authorization form on the FXamo web portal is identical to the authorization form for other intermediaries. The presented office is a new organization of the charlatan group: Timatrade, ImcFx, KeyOnCapital, ForexIm, FxBase, Rickglobal, Cryptoks. They duplicate the same resource. They also completely copy the text of regulatory documentation regulating relations with users.
At its discretion, the office can ask to transfer additional money, and the trader must do this within the specified time frame. Otherwise, the organization has the right to close his trading manipulations.
The FXamo representative will be able to receive the trader’s personal data and creditworthiness information from third parties. In addition, the Company has the right, without prior notice, to present them to its employees, service providers, and other offices that are part of the Organization’s group.
Who has the right to install
The installation of signs is regulated by two acts:
- GOST 52290-2004, which mentions that road signs must meet the requirements of GOST R52290 and R50597.
- Federal Law 196-F3 was adopted on December 10, 1995. The last revision was dated July 26, 2017.
The traffic management directorate has the right to install signs. The traffic police do not install signs, but only check that they are installed correctly and that drivers comply with their requirements. Installation takes place in accordance with the traffic pattern.
If it is necessary to install signs in connection with the construction of any facility, the decision on installation is made by the State Administrative and Technical Inspectorate.