Category: FSC Mauritius

FinTelegram assigns orange compliance rating to TitanFXO
Categories
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.
Read More
Offshore broker Tredero and its Cyprus connectionsI
Categories
January 8, 2023

Introducing Offshore Broker Tredero And Its Cyprus Connections!

The offshore broker Tredero is apparently a scheme controlled through Cyprus. Officially, Tredero is operated by Oneprime Ltd, which has a dealer/broker license from FSC Mauritius. However, payments are processed through Cyprus-based MIW Solutions Ltd. Tredero also accepts clients from Canada or the EEA regions and offers a leverage of up to 1:500. We discovered ShinePays as a payment gateway for credit/debit cards, SWIFT, e-wallets, and crypto.
Read More
Offshore broker Axiory on FinTelegramO
Categories
April 21, 2022

Offshore broker Axiory with super-high leverage does not accept clients from UK and EU!

Axiory offshore broker is operated by Axiory Global Ltd, regulated by FSC Belize, and Tradit Ltd, regulated by FSC Mauritius. It does not acquire clients in the UK, and EU whereby registration is algorithmically blocked and not possible. Thus Axiory abides by regulatory requirements in these countries. Axiory also does not allow pre-KYC deposits, positively differentiating itself from many other offshore brokers. It offers leverage of up to 1:777. However, in Eu
Read More
BDSwiss offshore broker review April 2022I
Categories
April 15, 2022

Interesting – BDSwiss Group complained about the “present tense” style of reports!

In the last few hours, first Evripidis Oskis, Reputation Officer, and Haris Constantinou, Legal & Compliance officer of CySEC-regulated BDSwiss Holding Ltd, complained about the latest FinTelegram review about their offshore activities. Especially the headline concerning "continues its illegal offshore onboarding activities" would be false. At least in the "present tense," argues the Legal & Compliance Offer. The FCA banned the BDSwiss Group in 2021. In March 2022, German BaFin launched an investigation saying that BDS Markets has no permission to offer ist regulated services in Germany.
Read More
BDSwiss Group and its offshore activitiesA
Categories
April 11, 2022

Attention! CySEC-regulated BDSwiss continues its illegal offshore onboarding in Europe

The BDSwiss Group d/b/a BDSwiss, Swiss Markets, and BDS Trading. These are the trading names of BDSwiss Holding Ltd, regulated by the Cyprus CySEC. The offshore entity BDS Markets, regulated by FSC in Mauritius is part of this BDSwiss Group. The FCA banned BDSwiss Group in June 2021 The German BaFin launched an investigation saying that BDS Markets has no permission to offer ist regulated services in Germany. In our review, all CySEC-approved domains were redirected to the offshore broker websites. Here is another update!
Read More
Fortrade transferes offshore activities from Belarus to MauritiusU
Categories
March 2, 2022

Ukraine War – Fortrade transfers Belarus offshore activities to Mauritius!

LLC Fort Securities BLR is one of the offshore brokers of the Fortrade Group. It is licensed by the National Bank of Belarus (NBRB) and used to the now-vanished FX Trade Premium. The UK FCA issued a warning against this illegal broker (report here). Recently, the German BaFin has announced an investigation against this Belarusian entity, and its now-vanished Invest365. Amid the Russian invasion in the Ukraine ForTrade transfers its Belarus activities to Fortrade Mauritius Ltd, the group informed.
Read More
Alpari works with ForTrade and Forex TimeR
Categories
December 29, 2021

R4I – Connections between Alpari, Forex Time, and ForTrade!

The Spanish regulator CNMV has recently issued an investor warning against the broker Alpari, operating illegally in Europe via the offshore entity Alpari Limited, registered in St. Vincent & The Grenadines. We uncovered Praxis Cashier as a facilitating payment processor. From the information available to FinTelegram, it seems that die Alpari Group is related to the Forex Time Group and the ForTrade Group. Both are brokers regulated by the UK FCA and the Cyprus CySEC.
Read More
I
Categories
February 14, 2021

Investor Warning – FinmaxFX scam and its global payment facilitators

The Spanish regulator CNMV had already warned against FinmaxFX in October 2020. The scam is operated by Max Capital Limited in Vanuatu and Gatelinas UAB in Lithuania. Max Capital is licensed by the offshore regulator VFSC. This offshore license does not authorize the broker to operate in other regulatory regimes. Based on our review, we qualify FinmaxFX as a scam designed to defraud. As payment facilitators for the scam, we have discovered Webmoney, Jeton, VLoad, advcash, and Aveia. The illegal active broker is still active, as are the payment facilitators.
Read More