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.