A few days ago the Israeli project DX.Exchange started with the goal of tokeniszing securities trading. The company has given itself a global structure for the regulated trading of blue-chip NASDAQ stocks. To this end, an operating company in Estonia has been set up which obtained two crypto licenses. Furthermore, DX.Exchange cooperates with MPS MarketPlace Securities Ltd, a broker regulated by CySEC in Cyprus. The operators of DX.Exchange are experienced people from the FOREX and Binary Options sector and should, therefore, understand their business. Evidently, the crypto crowd finds the project exciting. Almost 90,000 members have already registered on the Telegram channel.
MPS MarketPlace will hold the stocks on behalf of the token owners and will keep them in segregated accounts and depots as requested by law, according to DX.Exchange CEO Daniel SKOWRONSKI (LinkedIn profile). DX’s offering is compliant with Europe’s Mifid II directive, he claimed in a Bloomberg article.
Tokenzing securities trading is seen as one of the game changers in the financial trading industry and thus may be a killer application for the blockchain. We find the project of tokenizing securities for trading via the blockchain very exciting and are working on a detailed analysis which will appear in the next few days. Stay tuned!
CySEC Compliance Issue – Regulated FXORO illegally chases EU clients via its offshore entity
We first registered with an EU address on the offshore entity of the CySEC-regulated FXORO, which is marketed through the subdomain https://global.fxoro.com. There we could choose between two account types, each offering leverage of 1:400. Only 1:30 is allowed in the EU in the first place. After that, we wanted to register on the CySEC-regulated FXORO on its approved website www.fxoro.com with the same credentials. This was not possible because our data from the offshore registration was already there. Thus it's evident that FXORO uses only one client database for the two mutations.
Fraud campaign Elite Trading Club targets victims for The Live Market broker scam
Today a certain Danny Jarell contacted us by via email. He told us that we could collect money that someone we don't know has deposited for us. All we had to do was click the link. We did that and ended up at the scam campaign Elite Trading Club presented on the FX Offers website. Anyone who registers there will be redirected today, for example, to The Live Market a/k/a TheLiveMarket broker scam, which TLM Holdings GmbH allegedly operates in Australia. Stay away. Far, far away!
Broker scam Winbitx chasing victims via Bitcoin Profit campaign
The white-label broker scam Winbitx is currently hunting for new victims using, among other things, the Bitcoin Profit campaign. This campaign promises investors millions in profits even when the crypto markets crash. After registering with Bitcoin Profit, you are immediately redirected to the payment page of the broker scam Winbitx. The cashier is once again PayNetEasy, where once again the UK payment processor Pay Credits for credit and debit card payments are integrated.