The Spanish regulator CNMV has issued a warning against the broker FlowTrade which is allegedly operated by Flow Trade 24 (Europe) Ltd, a subsidiary of the FCA-regulated Aim Partners Ltd. We have not found this operator and think it is a fake. The FlowTrade scam abused Aim Partners to pretend respectability to potential victims. Stay far away and protect your financial health.
Capital Gates Key data
| Trading names | FlowTrade |
| Domains | https://flowtrade24.com |
| Attacking languages | English, French, Spanish, German |
| Social media | not disclosed |
| Legal entity | Aim Partners Ltd Flow Trade 24 (Europe) Ltd |
| Contact data | Amstelplein 1, Rembrandt Tower, 11th Floor, 1096 HA Amsterdam, Netherlands |
| Jurisdiction | United Kingdom Netherlands, Switzerland |
| Authorization | No |
| Payment options | debit/credit card, Skrill crypto |
| Payment processors | MoonPay |
| Compliance rating | Black |
| Warnings | CNMV |
Facilitating Payment Processors
In our review on January 23, 2024, we once again found MoonPay as a payment facilitator for the FlowTrade broker scam. MoonPay is deeply integrated into Scam via an API. Anyone who wants to deposit money with FlowTrade can first buy cryptos via MoonPay using a credit/debit card, which are then immediately transferred to the FlowTrade wallet.
We are noticing MoonPay more and more frequently as payment facilitator for unauthorized schemes and scams. Apparently, the KYC/AML does not work with this aggressive crypto payment processor.
Share information
If you have any information about FlowTrade, the other scam brands, their operators, and facilitators, please share it through our whistleblower system, Whistle42.
