Illegal Broker Activities | FinTelegram News

Category: Illegal Broker Activities

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.

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.

July 2, 2023

Italien Regulator Consob Orders Black-Out Of Five Illegal Financial Websites!

On 28 June 2023, the Italian regulator Consob announced that it ordered four illegal financial websites to be blacked out. The total number of black-out orders increase to 919. 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:

Illegal Broker Activities

June 30, 2023

Urgent Warning Against Crypto-Powered Broker Scam XENITHFINEX!

The XENITHFINEX broker scam has been active for a short time. The operator is allegedly UK-registered Xenith Finance Limited, founded in 2013. We could not verify this. Deposits of potential victims are only possible via crypto. For this purpose, you should link your crypto wallet to XENITHFINEX via WalletConnect. In doing so, you should also disclose your secret phrase. Stay far away, protect your financial health and your data.

Illegal Broker Activities

June 30, 2023

Broker Scam Portrades Vanished With The Victims’ Funds!

In January 2023, FinTelegram warned against the broker scam Portrades, operated through Bulgarian boiler rooms and the offshore entity Signix Ltd, registered in the Marshall Islands. Bulgarian Tera Solutions was the payment agent. As a payment facilitator, we have once again discovered ShinePays, which processes victims' credit/debit card deposits. We hear that Portrades vanished with the victims' money, and they did not pay their affiliates.

June 26, 2023

Italian Watchdog Orders Black/Out of Three Illegal Financial Websites!

On 22 June 2023, the Italian regulator Consob announced that it ordered three illegal financial websites to be blacked out. The total number of black-out orders increase to 994. 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:

June 22, 2023

Attention: Please Do Not Fall For The LondonBit Broker Scheme!

The UK regulator Financial Conduct Authority (FCA) warned against the broker scam LondonBit on June 21, 2023. The website does not provide any information about the operators; the jurisdiction stated is the Marshall Islands. LondonBit runs on the Airsoft platform and is one of the hundreds of scam brokers using it. Currently, there are no payment options available. It could be that LondonBit is already preparing its disappearance with the victims' funds.

June 22, 2023

Attention: Do Not Fall For The LionChains And ExpoChains Broker Scam!

The German regulator BaFin has issued a warning against the broker Scam LionChains. The website does not provide any information about the operators. The scam is allegedly operated through an unnamed offshore entity in St. Vincent & The Grenadines. For contact, the website gives phone numbers in the UK and Germany. The phone numbers are also linked to the ExpoChains scam. Stay far away and protect your money and data.

June 22, 2023

Investor Warning Against Cyprus-based BitinvestX Broker Scam!

The German regulator BaFin has issued a warning against the broker Scam Bitinvestx. This is allegedly operated through Businesoft Limited, registered in St. Vincent & The Grenadines. We have not found this company. The address given on the website is Leontiou Machaira 58 in Limassol, Cyprus. Also given is a Cyprus telephone number. The credentials are also associated with the vanished UnicornFX and PrimaryFXMarkets scams. Stay far away and protect your financial health.

June 21, 2023

Urgent Warning Against Russian Broker Scam GloballFinance A/K/A Global Finance!

The German BaFin has issued a warning against the broker scam Globall Finance a/k/a Global Finance on June 21, 2023. Sailor Consulting LLC, allegedly registered in St. Vincent & The Grenadines, is listed as the operator. We have not found the company in the company register. We suspect that the scam is operated by Russians. Deposits are possible via mainly Russian payment facilitators via bank wire, crypto and credit/debit cards. Stay far away.

June 20, 2023

Please Share Information About The Vanished Broker Scams GreenLine, GreenLinePro, And Grow Pro Markets!

We issued several warnings in 2022 against the broker scams GreenLine a/k/a GreenLinePro and Grow Pro Markets, operated through an Israeli team in Cyprus around Ori Nagar. Nagar was arrested on a warrant issued by German authorities. The scams have since disappeared with their victims' money. We would like to know more about the operators to assist victims and law enforcement with information. Please share your information with FinTelegram.

June 19, 2023

Italian Consob Orders The Black-Out Of Four Illegal Financial Websites

On 15 June 2023, the Italian regulator Consob announced that it ordered four illegal financial websites to be blacked out. The total number of black-out orders increase to 991. 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: