Citizen Prime FX Scam
About Homayun Ahmed
Homayun Ahmed (also known as Ahmed Al Hussain or “ForexBossAhmed”) is a UK-based Bangladeshi-born individual connected to a series of online investment frauds, most notably the Habibsons forex pyramid scheme in Whitechapel, London.
Background & Rise
Ahmed reportedly launched Habibsons Capital and associated ventures like FutureFX and Axis Bank, presenting them as legitimate forex and investment platforms targeted especially at the Bangladeshi community in London and beyond.scammerhomayunahmed.blogspot.com
His charismatic persona and local community outreach enabled him to gather trust—and capital—from vulnerable investors who believed in guaranteed high return
Introduction
Citizen Prime FX (operated via citizenprimefx.com) is a trading platform that promotes high-return forex and CFD investments. Multiple independent watchdogs have flagged the platform as unregulated, anonymous, and high risk, and advise investors to treat it as a potential forex scam.TraderKnows
2. License and Regulation Claims
According to its official site, Citizen Prime FX claims regulatory status—though it fails to display any concrete license from recognized authorities. Public records show it is not regulated by any official financial body, and lacks transparency regarding its corporate office or leadership.TraderKnowsWikiFX
Background & Rise
- Ahmed reportedly launched Habibsons Capital and associated ventures like FutureFX and Axis Bank, presenting them as legitimate forex and investment platforms targeted especially at the Bangladeshi community in London and beyond.scammerhomayunahmed.blogspot.com
His charismatic persona and local community outreach enabled him to gather trust—and capital—from vulnerable investors who believed in guaranteed high returns.reportscam.net+3scammerhomayunahmed.blogspot.com+3Financial Options Recovery+3
Modus Operandi
Ahmed orchestrated a classic forex pyramid scheme: early investors were paid using funds from new recruits—not actual trading profits. As recruitment slowed, payouts ceased, leading to firm collapse.Financial Options Recovery+7Economy.pk+7herald+7
He used social platforms like WhatsApp and Snapchat, often under the alias “ForexBossAhmed,” to pitch trades, collect payments quickly, and manipulate users.Traders Union+11Reddit+11scammerhomayunahmed.blogspot.com+11
Multiple Reddit users describe tactics like funneling funds through unsuspecting third-party accounts to evade traceability:
“The accounts he use are Revolut victims … he takes the money out the moment you send him money”
“The money probably left the account already moment you send him … he takes it out … moves it therefore your bank can’t do … anything”Reddit
Collapse & Current Status
As demands for withdrawals intensified, Ahmed failed to honor them—often citing bogus “release” or “deposit” fees to stall clients. Eventually, many clients were refused payout entirely.Reddit
According to the same Reddit discussions, he changed phone numbers frequently and relocated, reportedly to Dubai, to evade investigation.Reddit
Wider Pattern of Fraud
Even after the demise of Habibsons, Ahmed allegedly launched similar schemes such as MSAMarkets, promoting them with familiar tactics: promised returns up to 100% monthly, new websites spun up rapidly, and no visible regulatory oversight.scammerhomayunahmed.blogspot.com
⚠️ Key Takeaways
Operated unregulated forex pyramid schemes, relying on recruitment-based payouts instead of genuine trading.
Targeted immigrant communities with persuasive, community-based sales tactics.
Leveraged WhatsApp and crypto transactions to obscure trails and avoid chargebacks.
Fled the UK as complaints grew, now believed to reside in Dubai under new aliases.
📊 Why This Was Devastating
| Impact Area | Details |
|---|---|
| Victims | Thousands affected, many losing life savings—especially within his own community. |
| Dunning Methods | Use of fake testimonials, high-pressure tactics, and repeated demands for extra “fees.” |
| Legal Exposure | Cases remain under investigation; multiple reports filed with Action Fraud and FCA authorities. |
🧠 Learn to Spot Similar Schemes
From broader consumer guidance:
Promises like “risk‑free” or guaranteed profit are impossible in forex markets.Reddit+6Economy.pk+6herald+6Financial Options Recovery+2Traders Union+2
Legitimate firms operate with transparent leadership, regulation (e.g. FCA), physical offices, and clear fee schedules. If any of these are missing or shady, it’s a red flag.Economy.pkFinancial Options Recoveryinfinancefx.com
Pyramids collapse when recruitment dries up. Victims often lose everything with no trading actually happening.herald+2herald+2
Homayun Ahmed’s case exemplifies how charisma, insider identity, and community trust can be weaponized in pyramid-style forex scams. If you’d like more details—such as timeline, regulatory actions, or victim stories—I can expand further.