The Spanish regulator CNMV issued several investor warnings against several scam brokers earlier this week. These include LMFX operated by Global Trade Partners Ltd, Macedonia, and GTP Global Solutions Ltd in St. Vincent and the Grenadines and FinmaxFX operated by Max Capital Limited in Vanuatu and Gatelinas UAB in Lithuania. As payment processors, both scams are the usual suspects.
At the beginning of October 2020, the two broker scams were still active.
At LMFX, customer victims can lose their money via Instacoin. At FinmaFX, for example, the Russian payment processor Certus Finance is used once again. The two scams are white label implementations from different scam factories.
