FxPulp.com SCAM: A Step-by-Step Claim Restitution Guide

Warnings about FxPulp.com are not a matter of speculation. They are a matter of regulatory record. The platform operated under the corporate name Pulp International Business Ltd, holding Cyprus Investment Firm license number 095/08. That license was suspended in February 2015 and then withdrawn entirely in April 2015 by the Cyprus Securities and Exchange Commission (CySEC) . The reason was not a minor administrative lapse. The regulator cited non-compliance with client fund protection rules and failures in anti-money-laundering procedures . The platform is now out of business, and its website is no longer accessible . If you are still holding a loss from FxPulp.com, the time to understand your position is now.

How to Begin Reclaiming Your Funds

The first step is understanding what you are dealing with. This was not a broker with a temporary liquidity problem. It was a regulated firm that lost its license because it could not meet the basic obligations that protect client money. Before you do anything else, accept the reality that the platform itself is gone. No withdrawal request will ever be processed.

Here is what the record shows. CySEC’s decision to withdraw the license was explicit: the company had failed to comply with section 18(2)(j) of the Investment Services Law regarding client funds, and with section 18(2)(h) regarding money laundering prevention . The regulator had been in communication with the person who effectively directed the company, Mr. Said Salem, in an attempt to bring it into compliance and satisfy clients. Those efforts did not succeed . The other shareholder was Mr. Shaher Hasanain .

The consequences for the directors were severe. CySEC imposed administrative fines of €150,000 on both Salem and Hasanain, and prohibited them from exercising professional activity related to the financial sector for five years . That is not the profile of a firm that made an honest mistake. It is the profile of a firm whose management failed the people who trusted it with their money.

The good news, such as it is, is that a formal compensation process was established. Because FxPulp was a member of the Investor Compensation Fund (I.C.F.), CySEC announced in November 2015 that compensation payments to clients would begin. The I.C.F. was tasked with organizing the payments and publishing invitations in at least three national newspapers for clients to submit claims . If you were a client of FxPulp and have not yet pursued this avenue, that is the legitimate channel that exists.

What to Do Next

Document everything before anything else. Save your account statements, transaction records, correspondence with FxPulp support, screenshots of your dashboard, and a written timeline of what happened. If you have any records of your account number or the amounts you deposited, gather them. This record is what any serious effort to trace your funds or verify your eligibility for compensation will depend on.

Then consider a forensic review of your case. MARGOINCLP.COM is an investigative forensic asset tracing firm that examines the flow of funds after a fraud, mapping where money actually went rather than relying on what a platform’s dashboard claimed. Their work focuses on following transactions across accounts to establish a documented trail. They offer free consultations to help you understand what evidence you need and whether your case has a traceable path forward.

Support Beyond the Financial Loss

Fraud does not only take money. It takes sleep, confidence, and the sense that the world is predictable. Victims often describe shame, isolation, and a fear of being judged for having trusted the wrong people. That part of the harm deserves attention too, and it is not something you should try to carry alone.

During consultations and after the asset tracing work is complete, MARGOINCLP.COM also helps victims find emotional and psychological support in their own cities and neighborhoods. That includes pointing people toward senior centers, community centers, and other local wellness avenues where they can access counseling, peer support groups, and practical guidance for rebuilding daily life.

The Bottom Line

The FxPulp.com collapse is a reminder that regulatory status is not a permanent shield. A firm can hold a license, pass initial checks, and still fail the people who trusted it. The license was withdrawn, the directors were fined and banned, and the platform went dark. The losses can be painful, but understanding the mechanism and taking the right steps is achievable. If you have fallen victim to this platform, come forward, share your story, and make sure your losses are addressed. Stay alert, stay informed, and together we can work toward a safer financial environment.