We actually strive almost 24/7 to capture the incoming scam messages in our database, analyze them and make the cross-connections. It is almost a Sisyphean task. The number of reported scams that come in every day we can carefully record in our database, but we can’t report on every single scam. Today we receive a report from a victim of the illegally operating NATA Trade broker (www.nata-trade.com). Allegedly, the broker is operated by NATA Trade Limited, which is registered in New Zealand. What is certain is that the payment facilitator is once again Ran Cohen‘s Israeli-Cypriot BridgerPay.
The illegal NATA Trader will almost certainly be a scam as well. The website lists HSBC, citibank, Volksbank, and Raiffeisen Bank as liquidity providers. We can safely rule out that these financial institutions cooperate with NATA Trader. Volksbank and Raiffeisen Bank do not do such things. Especially not for unlicensed and illegally acting brokers. This, on the other hand, does not bother BridgerPay. But we already know that, don’t we?
NATA Trade Limited is no stranger in the scammer scene. No, Sir! Only recently, the Italian Consob ordered the black-out of the company’s website www.natatrade.com, cooperated by BIM LLC. The company was also the operator of the BimFX24 scam against which the UK FCA issued a warning already in January 2021. Needless to say, that BridgerPay was also the facilitator in the BimFX24 scam. This bothers the VISA partner BridgerPay exactly zero.
Stay far away from NATA Trader and, if you are a legally operating merchant or broker, BridgerPay. The latter has been linked to scams so many times in the last few months of our research activities that BridgerPay‘s involvement as a payment processor indicates with high probability that the provider is acting illegally or is a scam.
If you have any information about scams, operators, and facilitators, please share it with our research team. You can use our whistleblower system for this purpose.