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SCAM ALERT: CAUTION ADVISED WITH “IMMEDIATE MATRIX” ONLINE SCHEME

With the acceleration of online investing and trading, there has been an increase in malicious attempts by those trying to take advantage of unsuspecting investors to fraudulently benefit themselves. 

We’ve been made aware of an online scheme by Immediate Matrix and are advising the public to exercise heightened caution. Banxso has received reports and firsthand user feedback indicating potentially fraudulent practices associated with this platform.

In this instance, the following concerns have been raised regarding misleading advertising that this scheme is doing:

  • Ponzi Scheme-like Activities: Engaging users in investment activities with promises of high returns with little to no risk, indicative of a classic Ponzi structure.
  • Fabricated Reviews: The use of fake reviews to falsely boost the scheme’s credibility.
  • Unrealistic Promises: Advertising highly improbable financial gains, setting unrealistic expectations for investors.
  • Misuse of Celebrity Endorsements: Utilizing names of well-known individuals without their consent and employing deep fake AI technology to create misleading videos.

This company bears no association and/or existing relationship with Banxso whatsoever. Banxso fosters a business model displaying client transparency and, accordingly, we distance ourselves from the disingenuous approach taken by Immediate Matrix.

Our Commitment


Banxso is committed to providing investors with a safe and secure platform, with a focus on safeguarding you against potential fraud.

We remain continuously cognisant of our regulatory requirements as well as responsible marketing conduct when marketing to members of the public.

As part of our efforts, Banxso continually implements system security, data integrity and business continuity processes to ensure the proper protection against cyber and data risks. We also actively monitor our marketing profile along with stringent internal vetting and sign-off procedures to ensure that all our marketing is compliant with all regulatory requirements and marketing codes.

How to protect yourself


We urge everyone to conduct thorough research and exercise caution before participating in online schemes.

It is important to educate yourself about the various ways that criminals can access your information and data. This includes ensuring that you never disclose any confidential information to anyone online or use it on a website that is not trusted and secure. 

  • Verify Information: Look for credible, independent reviews and background information before investing. If it is too good to be true, it probably is.
  • Question Promises: Be sceptical of schemes that promise quick, high returns with minimal risk.
  • Report Suspicious Activity: If you suspect that you’ve encountered or fallen victim to a scam, report it to the relevant authorities immediately.

Like anything, it is important that you only share your information with trusted service providers, like Banxso, which are licensed by the regulators and are fully compliant with all investing and marketing codes.