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FCA warns against broker scam AccepTrade facilitated by Praxis Cashier

FCA warns aganst AccepTrade broker scam
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The UK regulator FCA issued an investor warning against the broker scam AccepTrade (www.acceptrade.com) on September 30, 2020. According to the information on the website, this scam is operated by an AccepTrade Ltd in Dominica. Once again Praxis Cashier from Amit Klatchko is used as a payment processor and Estonian Transcoin is integrated for crypto deposits.

Fake TrustPilot rating

On the scam’s website, an excellent TrustPilot rating of 4.5 stars is shown. However, this rating does not refer to AccepTrade, but to the domain service provider SAV.com which is operated by Emerge Media Inc.

Payment Processor

The payment processor or payment integrator is the Praxis Cashier of the Cypriot Praxis Cashier System Ltd of Amit Klatchko. The payment service providers Paystruct, Klarna, and Transcoin are integrated. The latter is also used to process Bitcoin deposits from customer-clients. Transcoin (www.transcoin.io) is operated by the Estonian Beldev Consulting OÜ (companies register entry) which holds an Estonian crypto license.

CategoriesFCA

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