Category: CMVM

Focus Markets and Eightcap broker schemesS
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May 18, 2022

Spanish Watchdog Warns Against Focus Markets and Place-a-Trade Broker

The Spanish regulator CNMV has issued a warning against the offshore broker Focus Markets LLC, St. Vincent & The Grenadine, d/b/a Place-a-Trade. While the website names this offshore entity as its owner and operator, the Client Agreement presents the ASIC-regulated Australian Focus Markets Pty Ltd as the contracting partner. In this Client Agreement, Eightcap is also named. The Focus Markets Group also operates the offshore broker schemes AnzoFX and AnzoCapital. Here is a research update.
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investor warning against TIOMarkets scam facilitated by Praxis Cashier and MonsasC
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February 21, 2022

Compliance Issue! FCA-regulated TIOmarkets and its offshore broker activities!

CNMV and Consob have already issued warnings against the offshore broker scam TIOmarkets. TIO Markets Ltd, registered in St. Vincent & The Grenadines, allegedly runs the fraud. The offshore entity claimed to be related to UK-registered TIO Markets, a financial institution regulated by the FCA. TIOmarkets is again chasing after new victims and fresh funds, offering a 50% discount on the required deposit for opening a VIP
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Scam broker network around Axis Solutions and KBS Capital MarketsI
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February 15, 2022

Investor warning against TopCapital24, SwissFXM, and Axis Solutions!

As reported by FinTelegram, the German BaFin announced an investigation into the broker scam operator Axis Solutions Ltd and its Swiss24 scam. Axis Solutions is also operating other scams like RoyalTradeFX or AxisTrading. The scams already vanished but TopCapital24 (https://topcapital24.com) and SwissFXM are the next ones attacking European consumers. The Spanish CNMV issued a warning against this latest white-label broker scam facilitated by the notorious payment processor Paypound. It is a huge network of scam brands and boiler rooms!
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investor warning 24NewsTrade and StockFXT
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September 13, 2021

The Baumont Group with 24NewsTrade and StockFX

EstonianFinantsinspektioon issued a warning against Baumont Solutions OÜ and the scam 24NewsTrade on April 13, 2020. Spanish CNMV issued a warning against Baumont Group Ltd and its scams StockFX and 24NewsTrade on June 15, 2020, The German BaFin issued a Cease and Desist Order against 24NewsTrade on May 25, 2021. This did not bother the scam operators. 24 News Trade is still online. On 11 Sept 2021, the Austrian FMA issued an investor warning.
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