Category: CNMV

Urgent investor warning against TradeCMF broker scamA
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October 12, 2023

Attention: Spanish Watchdog Warned Against TradeCMF Broker Scam!

TradeCMF is one of dozens of white-label broker scams active on the Internet at any time. They usually have a short lifespan and disappear after a few months with their victims' money. TradeCMF is allegedly operated by CMF Group Ltd, which is registered in the Marshall Islands. Potential victims can lose their money via bank deposits, credit/debit cards, and e-wallets. The Spanish regulator CNMV has issued a warning. Stay far away.
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Investor warning against Trade Tech broker scamU
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October 12, 2023

Urgent Warning Against the Trade Tech Broker Scam Facilitated By MoonPay!

The Spanish regulator CNMV has warned against the broker scam Trade Tech. It is allegedly operated by Zermatt Group LLC, registered in St. Vincent & The Grenadines. Potential victims can lose their money via credit/debit card deposit or via crypto. As a payment processor, we have once again discovered MoonPay, via which potential victims buy their cryptos using credit/debit cards. Stay far away and protect your money!
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Investor warning against NinjaTraderA
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September 14, 2023

Attention: Spanish Watchdog Warns Against CFTC-Regulated NinjaTrader

The Spanish financial regulator CNMV has warned against the broker scheme NinjaTrader. NinjaTrader Group and its legal entities operate this broker and the Infinity Futures brand. NinjaTrader Group holds CFTC registrations as an Introducing Broker and futures commission merchant. However, the scheme does not have regulatory permission to operate in EEA jurisdictions. You should, therefore, be cautious as an EEA resident.
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Latvian Racket and Finex GroupA
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August 1, 2023

Another Regulatory Warning Against Vanished FinexTrader Broker Scam!

FinTelegram has warned several times about the Latvian Racket, a cybercrime organization attacking consumers with broker scams and boiler rooms. One of these scams is FinexTrader, against which several financial regulators have issued warnings over the last two years. Recently, the Spanish CNMV. In our review on 1 August 2023, the scam's website was not accessible. It seems the scammers vanished with their victims' money.
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investor warning against Euroxtradefx broker scamU
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July 25, 2023

Urgent Warning Against EuroxtradeFX Broker Scam Facilitated By Cardeta!

The Spanish regulator CNMV has issued a warning against EuroxtradeFX, which is allegedly operated through a legal entity in St. Vincent & The Grenadines. We have not found this company. EuroxtradeFX also falsely claims to be a member of the Financial Commission, a dispute resolution organization. As a supporting payment processor for credit/debit card deposits, we have once again found Cardeta. Stay far away and protect your financial health.
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Investor warning against ELV Markets broker scamA
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July 12, 2023

Attention: Warning Against ELV Markets Broker Scam Focused On LATAM!

The Spanish regulator CNMV has warned against the ELV Markets broker scam. According to the website, the operators are Elvmarkets Ltd, registered in St. Vincent & The Grenadines, and ELV Markets Ltd, registered in the Marshall Islands. Potential victims can lose their money via cryptocurrency deposits. ELV Markets seems to be primarily focused on the LATAM markets. More detailed information about the operators is, of course missing. Stay far away and protect your money.
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offshore broker Lonmarkets aka Londonex on FinTelegramC
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July 12, 2023

CNMV Follows FinTelegram And Warns Against Londonex Broker Scam!

We previously reported in April 2022 on the upcoming launch of Londonex, an offshore broker then registered in St. Vincent & The Grenadines. In the meantime, the broker, which clearly qualifies as a scam, is allegedly operated by two entities in Saint Lucia. Earlier this week, the Spanish regulator CNMV issued warnings against Londonex, a/k/a LonMarkets. Stay far away, protect your financial health and their private data.
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CNMV warns against PrimeBitU
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July 10, 2023

Urgent Warning Against Crypto-Powered Multi-Asset Broker PrimeBit!

In April 2021, the Spanish regulator CNMV warned against the crypto-based trading platform PrimeBit, allegedly operated by PrimeBit Ltd, registered in St. Vincent and the Grenadines. In essence, PrimeBit is just another unauthorized multi-asset broker that accepts deposits only in cryptos and offers a leverage of 1:200. PrimeBit has no regulatory permission to do so. We consider Primebit a scam and have put it on our black compliance list. Stay away!
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FinTelegram warns against Gainful Markets broker scamU
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July 4, 2023

Urgent Warning Against Gainful Markets Broker Scam

The Dutch and Spanish regulators AMF and CNMV issued warnings against the Gainful Markets broker scam. The website does not provide any information about the operator. Allegedly, the scam is operated through Singapore and the Netherlands. We cannot verify this. Potential victims may lose their money via credit/debit cards. They should stay very far away. Keep your financial health and protect your data.
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investor warning against TradeCentrix broker scamI
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July 4, 2023

Investor Warning Against TradeCentrix Broker Scam Facilitated By BridgerPay

Spanish regulator CNMV issued a warning against the TradeCentrix broker scam yesterday. The website does not provide any information about the operator. The phone number provided on the website is also associated with the OpaBitcoin and auroxtrade broker scams. As a payment facilitator for credit/debit cards, we found Israeli-Cypriot BridgerPay. You should stay far away and protect your financial health and their data.
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CNMV WarningsB
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June 12, 2023

Broker Scam Global News Trade Vanished Into The Dark With Victims’ Funds!

Over the past few weeks, Pristine Group LLC, registered in St. Vincent & The Grenadines, has been active with a series of broker scams. FinFix, NvestPro, MetaversesWorld were some of them, and another Global News Trade. Today, the Spanish regulator CNMV issued a warning against Global News Trade. However, the scam broker's website and investors' money have already disappeared. Do not do business with unauthorized brokers.
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Investor Warning against Royal Investment ConsortiumA
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June 12, 2023

Attention: Spanish Regulator Warns Against The Royal Investment Consortium Scheme

Over the last months, FinTelegram warned against the Royal Investment Consortium scheme. Several financial markets regulators, such as the Italian Consob, the Maltese MFSA, CSSF Luxembourg, or FSC Mauritius, have warned against Frank Rottmann's investment scheme. Today, the Spanish CNMV warned against this fraudulent investment scheme. Please stay far away. Protect your money and your financial health.
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