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FCA warns against scam broker TradingTeck with Praxis Cashier

FCA warns against TradingTeck and SecVision
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The UK FCA issued a warning against the scam broker TradingTeck (www.tradingteck.com) on 9 September 2020. The broker is a brand of SecVision Limited, allegedly registered in St. Vincent and the Grenadines. The payment processor of the scam is once again Praxis Cashier from Amit Klatchko. Via the Praxis Cashier, credit and debit card payments as well as payments via Klarna can be made.

It is a relatively new scam. The domain was registered in November 2019, the website should be online since early 2020. The scam’s Twitter account was opened in February 2020 with hardly any activity. The scam should also be active in the Russian-speaking markets. Already in May 2020 the Russian review site Vklader warned against it.

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