The UK Financial Conduct Authority (FCA) issued a warning against eMarkets Trader (www.emarketstrade.com) saying that this online broker has been providing financial services or products in the UK without FCA authorization. This illegal broker site is operated by the Cyprus KALESSICA LTD.
According to the information available to FinTelegram, eMarkets Trade is associated with the Bulgarian-Israeli network of illegally operating online trading sites. The website www.emarketstrade.com is officially operated by the Cyprus KALESSICA LTD which was founded in February 2018.
That said, one may wonder why VoguePay accepts a cybercrime perpetrator such as eMarkets Trade as a client. Maybe the company should apply anti-money-laundering (AML) rules more strictly?
Report Illegal Broker Sites
Illegally operating broker sites are part of fast-growing global cybercrime activities. Millions of investors are defrauded by those broker sites. Hence, it is important to warn investors before such illicit sites. If you are a victim of an illegally operating broker site such as eMarkets Trade, SafeMarkets or Golden Markets please provide information to FinTelegram using our whistleblower system: