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.