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  • Broker scams LincolnFX, ZurixCorp, and its payment processors

    The UK watchdog FCA and the Spanish regulator CNMV issued investor warnings against the scam broker LincolnFX operated by Lincolnfx.capital Ltd. It's still online on August 5, 2020. The FinTelegram Research team has received documents from some of the scam's victims and thus has taken a closer look. Consequently, facilitating payment processors like Plus Exchange or Titan Payments as well as interesting connections have been identified.

     
  • Investor Warning – FairBit broker scam, Praxis Cashier, and Estonian cypro payment processors

    The UK regulator FCA issued an investor warning against the Forex broker Scam FairBit (www.fairbit.com) on August 4, 2020. The scam is officially operated by Gama Solutions Ltd. registered in St. Vincent and the Grenadines. The Scam lures with a super great Fair-Bit Trade engine that would generate large profits for the victims. Praxis Cashier is the payment processor, again.

     
  • Investor Warning – FairBit broker scam, Praxis Cashier, and Estonian cypro payment processors

    The UK regulator FCA issued an investor warning against the Forex broker Scam FairBit (www.fairbit.com) on August 4, 2020. The scam is officially operated by Gama Solutions Ltd. registered in St. Vincent and the Grenadines. The Scam lures with a super great Fair-Bit Trade engine that would generate large profits for the victims. Praxis Cashier is the payment processor, again.

     
  • UK Watchdog FCA warns against Praxis Cashier client Profits Trade

    The UK Watchdog Financial Conduct Authority (FCA) has issued an investor warning against the Praxis Cashier scam client Profits Trade (www.profitstrade.com). According to information on the scam's website, it is operated by the company ProfitsTrade Ltd in Dominica. The Praxis Cashier is facilitating this broker scam, with Klarna and LeaderPay also being offered as payment options

     
  • Investor Warning against Praxis Cashier scam clients FX Leader and SwisCapital

    The German regulator BaFin has issued a cease and desist order against the Praxis Cashier scam clients FX Leader which is connected to the SwisCapital broker scam. The FX Leader domain has linked to the SwisCapital CFD broker platform allegedly operated by a ScissCapital Limited, a company allegedly registered in St. Vincent and the Grenadines.

     
  • UK Regulator FCA warns against Praxis Cashier client Profits Trade

    The UK Watchdog Financial Conduct Authority (FCA) has issued an investor warning against the Praxis Cashier scam client Profits Trade (www.profitstrade.com). According to information on the scam's website, it is operated by the company ProfitsTrade Ltd in Dominica. The Praxis Cashier is facilitating this broker scam, with Klarna and LeaderPay also being offered as payment options.

     
  • UK Watchdog FCA warns against Praxis Cashier client Profits Trade

    The UK Watchdog Financial Conduct Authority (FCA) has issued an investor warning against the Praxis Cashier scam client Profits Trade (www.profitstrade.com). According to information on the scam's website, it is operated by the company ProfitsTrade Ltd in Dominica. The Praxis Cashier is facilitating this broker scam, with Klarna and LeaderPay also being offered as payment options.

     
  • Investor Warning against Praxis Cashier scam clients FX Leader and SwisCapital

    The German regulator BaFin has issued a cease and desist order against the Praxis Cashier scam clients FX Leader which is connected to the SwisCapital broker scam. The FX Leader domain has linked to the SwisCapital CFD broker platform allegedly operated by a ScissCapital Limited, a company allegedly registered in St. Vincent and the Grenadines.

     
  • Investor Warning against Praxis Cashier scam clients FX Leader and SwisCapital

    The German regulator BaFin has issued a cease and desist order against the Praxis Cashier scam clients FX Leader which is connected to the SwisCapital broker scam. The FX Leader domain has linked to the SwisCapital CFD broker platform allegedly operated by a ScissCapital Limited, a company allegedly registered in St. Vincent and the Grenadines.

     
  • BaFin issues another Cease and Desist Order to illegal payment processor TrustSecure

    The unauthorized and thus illegally operating German payment processor TrustSecure GmbH has been operating since 2017. Initially, the company was founded at the end of 2017 as SCRI-Alpha 961 GmbH as an asset management company. Already in January 2018, the company was renamed to Trustsecure GmbH and Serghei Grodetchi with official residence in Düsseldorf was appointed as managing director. The BaFin issued another cease-and-desist order to TrustSecure in the context of the broker scams FDM Trade Online and TradesPrime.