Home / Regulators / CNMV / Spanish Watchdog CNMV warns against GlobalspotFX and Trade Com

 

The Spanish regulator CNMV has issued an investor warning against the scam broker GlobalspotFX (www.globalspotfx.com). The scam is allegedly operated by Trade Com Limited for an office in London. As a payment provider, we have found the Russian PayeCards (www.payecards.com). Already in July 2020, the Italian regulator CONSOB had issued a warning against the scam.

The entity Trade Com Limited is also known as the operator for other scams. In August 2020 the UK Financial Conduct Authority (FCA) issued a warning against the broker scam FXonspot and GlobalspotFX and their operator Trade Com. Its Terms & Conditions state that St. Vincent would be considered a place of jurisdiction.

 

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