Shantha Lakshmi

My Painful Experience with IFEX Capital…
My Painful Experience with IFEX Capital – Please Read Before You Make Any Deposit

I am sharing my experience so others are aware before trusting IFEX Capital.

I deposited ₹37 lakhs INR plus transaction charges, making my total loss around ₹40+ lakhs INR. My account managers — Mr. Mohammad Aliyan, Mr. Henry Brown and Mr. Marvin — constantly pressured and misled me with repeated promises, including an assured withdrawal of ₹48 lakhs INR by July 2025, which was even “approved” internally but never released.

Instead, I was asked to pay fabricated charges like “SEBI fees” and “withdrawal taxes,” which are not part of genuine regulated trading practice. Under continuous pressure and threats to secure my funds, I was forced to take loans and borrow from friends and relatives. Once the deposits were made, all support stopped from account managers.

As a single mother, this situation has pushed me into an unbearable financial and emotional crisis. I am struggling with loan repayments, school fees, rent, medical expenses for my elderly parents, and repayments to friends who supported me. The account manager I trusted is now missing and uncontactable, leaving me to suffer alone while the company benefited from my deposits.

This journey started in February 2025, and till today I continue to feel stressed, trapped and hopeless because of how this has been handled. For more than 2 months, I have been chasing IFEX support and Compliance daily for support. Despite being a regulated company, they have stayed silent, denied responsibility, and are now trying to push me toward accepting a token $2,000 ‘goodwill settlement’ — which does not even begin to reflect the scale of my losses caused by their staff’s misguidance and false commitments.

The only reason I trusted IFEX Capital was because they are an FSC-regulated company. That trust has been broken. This is not just about trading risks — it is about misguidance, fabricated charges and abandonment of clients once deposits are made. I am certain I am not the only client who has been treated this way, and I fear many others may be pressured into the same trap.

I have raised this matter with IFEX Compliance and now escalated it to the Financial Services Commission of Mauritius for further investigation.

The only mistake I made was trusting IFEX Capital. If you are considering depositing here, please rethink a hundred times. When you are sitting in a different country and the company suddenly goes unreachable, you are left with no option but to stay stuck, hoping and praying for a resolution that never comes.

If you have faced a similar situation, please connect with me. I would like to learn what process you followed. My email: shantha030963 gmail.com.

I am left with no other words, but at the very least I want to bring awareness so that no one else is affected in the way I have been.

My Painful Experience with IFEX Capital – Please Read Before You Make Any Deposit

I am sharing my experience so others are aware before trusting IFEX Capital.

I deposited ₹37 lakhs INR plus transaction charges, making my total loss around ₹40+ lakhs INR. My account managers — Mr. Mohammad Aliyan, Mr. Henry Brown and Mr. Marvin — constantly pressured and misled me with repeated promises, including an assured withdrawal of ₹48 lakhs INR by July 2025, which was even “approved” internally but never released.

Instead, I was asked to pay fabricated charges like “SEBI fees” and “withdrawal taxes,” which are not part of genuine regulated trading practice. Under continuous pressure and threats to secure my funds, I was forced to take loans and borrow from friends and relatives. Once the deposits were made, all support stopped from account managers.

As a single mother, this situation has pushed me into an unbearable financial and emotional crisis. I am struggling with loan repayments, school fees, rent, medical expenses for my elderly parents, and repayments to friends who supported me. The account manager I trusted is now missing and uncontactable, leaving me to suffer alone while the company benefited from my deposits.

This journey started in February 2025, and till today I continue to feel stressed, trapped and hopeless because of how this has been handled. For more than 2 months, I have been chasing IFEX support and Compliance daily for support. Despite being a regulated company, they have stayed silent, denied responsibility, and are now trying to push me toward accepting a token $2,000 ‘goodwill settlement’ — which does not even begin to reflect the scale of my losses caused by their staff’s misguidance and false commitments.

The only reason I trusted IFEX Capital was because they are an FSC-regulated company. That trust has been broken. This is not just about trading risks — it is about misguidance, fabricated charges and abandonment of clients once deposits are made. I am certain I am not the only client who has been treated this way, and I fear many others may be pressured into the same trap.

I have raised this matter with IFEX Compliance and now escalated it to the Financial Services Commission of Mauritius for further investigation.

The only mistake I made was trusting IFEX Capital. If you are considering depositing here, please rethink a hundred times. When you are sitting in a different country and the company suddenly goes unreachable, you are left with no option but to stay stuck, hoping and praying for a resolution that never comes.

If you have faced a similar situation, please connect with me. I would like to learn what process you followed. My email: shantha030963 gmail.com.

I am left with no other words, but at the very least I want to bring awareness so that no one else is affected in the way I have been.

I am sharing my experience so others are aware before trusting IFEX Capital.

I deposited ₹37 lakhs INR plus transaction charges, making my total loss around ₹40+ lakhs INR. My account managers — Mr. Mohammad Aliyan, Mr. Henry Brown and Mr. Marvin — constantly pressured and misled me with repeated promises, including an assured withdrawal of ₹48 lakhs INR by July 2025, which was even “approved” internally but never released.

Instead, I was asked to pay fabricated charges like “SEBI fees” and “withdrawal taxes,” which are not part of genuine regulated trading practice. Under continuous pressure and threats to secure my funds, I was forced to take loans and borrow from friends and relatives. Once the deposits were made, all support stopped from account managers.

As a single mother, this situation has pushed me into an unbearable financial and emotional crisis. I am struggling with loan repayments, school fees, rent, medical expenses for my elderly parents, and repayments to friends who supported me. The account manager I trusted is now missing and uncontactable, leaving me to suffer alone while the company benefited from my deposits.

This journey started in February 2025, and till today I continue to feel stressed, trapped and hopeless because of how this has been handled. For more than 2 months, I have been chasing IFEX support and Compliance daily for support. Despite being a regulated company, they have stayed silent, denied responsibility, and are now trying to push me toward accepting a token $2,000 ‘goodwill settlement’ — which does not even begin to reflect the scale of my losses caused by their staff’s misguidance and false commitments.

The only reason I trusted IFEX Capital was because they are an FSC-regulated company. That trust has been broken. This is not just about trading risks — it is about misguidance, fabricated charges and abandonment of clients once deposits are made. I am certain I am not the only client who has been treated this way, and I fear many others may be pressured into the same trap.

I have raised this matter with IFEX Compliance and now escalated it to the Financial Services Commission of Mauritius for further investigation.

The only mistake I made was trusting IFEX Capital. If you are considering depositing here, please rethink a hundred times. When you are sitting in a different country and the company suddenly goes unreachable, you are left with no option but to stay stuck, hoping and praying for a resolution that never comes.

If you have faced a similar situation, please connect with me. I would like to learn what process you followed. My email: shantha030963 gmail.com.

I am left with no other words, but at the very least I want to bring awareness so that no one else is affected in the way I have been.