Orange Compliance | FinTelegram News

Category: Orange Compliance

May 26, 2023

The Strange €100-Million German-Austrian Crypto Bond Scheme!

Euroinvest was a small bank in Vienna that was a notorious Internet share trading institution in the New Economy hype. The bank was controlled by the brothers Franz Wanovits and Johann Wanovits. In 2013, the latter was sentenced to five years in prison and ordered to pay 10 million in damages for share price manipulation of Telekom Austria. Euroinvest was renamed into Blue Rock and launched the Blue Coin Select 20 crypto bond most recently.

May 17, 2023

Spanish Regulator Issues Warning Against Offshore Broker GMI

Spanish regulator CNMV has warned against offshore broker Global Market Index (GMI). This is operated through some offshore companies in St. Vincent & The Grenadines, Vanuatu, and Mauritius. Global Market Index Limited in Mauritius is registered as an investment dealer with the FSC Mauritius. The broker is mainly active in the Asian region and has no authorization for European activities.

April 18, 2023

Unauthorized Offshore Broker AMarkets Received Orange Compliance Rating!

Against offshore broker AMarkets, the Italian regulator Consob issued a warning in December 2021 and blocked their website for Italian visitors. Since then, clients from EEA jurisdictions cannot easily register. However, Similarweb statistics show that AMarkets' various pages are still visited by clients from EEA countries and the United States. The broker is a member of the Financial Commission but has no regulatory permission that we know of. We have given AMarkets an Orange Compliance rating.

April 17, 2023

Introducing Online Portfolio Manager And Financial Educator Elite CurrenSea!

The Elite CurrenSea (ECS) acts as a portfolio manager offering management of client funds on a profit-sharing basis. They call this the high-yielding Flag Method. They promise high returns of up to 17% per month. To this end, they work as an introducing broker with regulated and unregulated offshore brokers. The operator is SonderSpot OÜ, registered in Estonia. ECS works with VTMarkets, RannForex, or Exness with Elite CurrenSea. We have assigned an Orange Compliance rating.

April 11, 2023

Offshore Broker TitanFX With Orange Compliance Rating!

TitanFX is an offshore multi-asset broker licensed by the VFSC in Vanuatu and the FSC Mauritius. It offers its services to retail and corporate clients. TitanFX's website is mainly visited by Japanese clients, but people in the Netherlands and the United States are also among the website users, Similarweb analysis shows. We believe that TitanFX is affiliated with the FCA-regulated Pelican Trading and TradeNext or shares some resources with it We have given TitanFX an Orange compliance.

April 9, 2023

Offshore Broker Scheme FopFX About To Terminate Fondex Operation; Orange Compliance Rating!

We have already brought several reviews about the TopFX broker scheme, which is regulated through entities in Cyprus and Seychelles. The broker scheme also includes the Fondex brand, which will be terminated soon. TopFX's clients come primarily from Italy, with around 90% of the 900,000 website visitors in the last 28 days coming through the offshore broker's website. Fondex website visitors come primarily from the United States, where the scheme has no authorization. We have awarded an Orange Compliance.

March 21, 2023

Attention: Offshore Broker Alchemy Group

Last year, the Spanish watchdog CNMV warned against the offshore broker Alchemy Markets, part of the Alchemy Group, including the Vanuatu-based FXPIG and the FCA-regulated Alchemy Prime. This global broker scheme uses the same brand and trading style across domains and websites, potentially or intentionally misleading customers. We have done a new review and assigned an "Orange Compliance" rating to the Alchemy Group. Here is our updated review.

February 28, 2023

Attention: Orange Compliance Rating For Expanding Offshore Broker Moneta Markets!

FinTelegram is known and hated primarily for its critical reviews. In this respect, we may (somewhat) disappoint this expectation with our new review of Moneta Markets by David Bily. We have upgraded the broker's compliance rating from red to orange, honoring the regulatory actions taken in recent months and the positive customer feedback. However, some of the broker's key target markets are still covered without regulatory permissions. Here is our updated review.