Illegal Broker Activities | FinTelegram News

Category: Illegal Broker Activities

August 27, 2023

Urgent Warning. The Portrades Broker Scam Still Attacks Consumers in Europe And North America!

FinTelegram has already issued a warning against Portrades broker scam in January 2023. The scam is still operating with various domains and is operated through the offshore company Signix Ltd in the Marshall Islands. Bulgarian companies Luko Solutions and Tera Solutions are payment processors for the victims' credit/debit card payments. Stay far away and protect your financial health.

August 8, 2023

Attention: Scam Broker MilleniumOne With New Website

FinTelegram warned against the MilliniumOne broker scam, which chased European consumers via deceptive marketing campaigns with the promise of quick riches. For example, victims are caught for the MillenniumOne broker scam via the Elite Trader campaign. There they are asked to call the responsible account manager about the deposit. Stay far away and preserve your financial health. In today's review, we found that the scam's website vanished. They are gone with the victims' funds.

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.

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.

July 24, 2023

Italien Financial Watchdog Orders Black-Out Of 4 Illegal Financial Websites!

On 21 July 2023, the Italian regulator Consob ordered four illegal financial websites to be blacked out. The total number of black-out orders increase to 927. The Italian financial watchdog has the authority to order ISPs to inhibit access from Italy to illegal financial websites. So far, the Italian regulator is, unfortunately, the only one in Europe with this authority. Below are the websites Consob has ordered to be blacked out:

July 16, 2023

Urgent Warning Against DgtlFuture Broker Scam

We have received a report from a victim that he lost several thousand euros via the DgtlFuture broker scam. The website does not provide any information about the operators. There are also no links to social media accounts. Potential victims can lose their money via PayPal and Cardeta. We think this scam is connected to the vanished DGTFuture, which we warned against already. Stay far away and protect your financial health.

July 14, 2023

Consob Orders To Black-Out 4 Illegal Financial Websites

On 14 July 2023, the Italian regulator Consob ordered four illegal financial websites to be blacked out. The total number of black-out orders increase to 923. The Italian financial watchdog has the authority to order ISPs to inhibit access from Italy to illegal financial websites. So far, the Italian regulator is, unfortunately, the only one in Europe with this authority. Below are the websites Consob has ordered to be blacked out:

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.

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.

July 12, 2023

Urgent Warning Against SafeAsset Broker Scam Promoted By BitIQ And Fake Celebrities!

Currently, sponsored articles keep popping up in the Google Feed in which celebrities promote the fraudulent Bitcoin scheme BitIQ and promise naive readers that they can get rich quickly. Anyone registering with BitIQ (currently running on the zweistucken.com website) is immediately redirected to the scam broker SafeAsset (SafeAsset.xyz). There is no information about the operators on the website. Stay very far away and protect your financial health.

July 10, 2023

Austrian Regulator Finally Follows FinTelegram And Warns Against Broker Scam Keler Group!

Since early 2022, FinTelegram has warned against the Keler Group broker scam. Our initial review revealed that the scam asked its victims to make deposits via the crypto stablecoin USDT, which had to be purchased with credit cards via the Bulgarian AllCoinSwapper and the licensed Estonian crypto payment processor Mercuryo. Last week, the Austrian FMA issued a warning against Keler Group. Stay away!

July 4, 2023

UK Lawyer Targets Vanished CySEC-Firm Broker 24Option!

Giambrone & Partners, a law firm with a strong track record in financial fraud litigation, is currently involved in a group litigation against Rodeler Ltd, a CySEC-regulated investment firm trading as 24Option. Allegedly, Rodeler violated numerous regulations, pressuring inexperienced investors into risky trades later identified as fraudulent. Consequently, the FCA prohibited 24Option from conducting regulated or marketing activities in the UK.