The Spanish regulator CNMV warned against the broker scam Oro Markets earlier this week. It is allegedly operated by ECB7 Capital Ltd, registered in St. Vincent & The Grenadines. However, we have not found this offshore entity. It is likely to be a fake. Potential victims can lose their money via credit/debit cards and crypto. Payment facilitators are Mercuryo and MoonPay. Stay far away and protect your data and financial health.
Oro Markets Key Data
| Trading names | Oro Markets |
| Activity | Scam trading scheme |
| Domains | https://oro-markets.com/ |
| Legal entities | ECB7 CAPITAL LTD |
| Jurisdiction | St. Vincent & The Grenadines |
| Contact data | [email protected] [email protected] + 44 20 3051 4668 |
| Related individuals | Or Ohayon |
| Payment options | Crypto |
| Payment facilitators | Mercuryo, MoonPay, Itez |
| Authorization | No |
| Compliance rating | Black |
| Warnings | CNMV |
Payment Processors Mercuryo And MoonPay
We have discovered Mercuryo, MoonPay, and Itez as payment processors for deposits via credit cards. As usual, these crypto payment processors buy Bitcoins (BTC) via credit card and forward them to the wallet address of Oro Markets.
By clicking a deposit button, you will be redirected to MoneySwap OÜ, an external payment service provider. Please acknowledge that our company doesn’t exercise control over the process of funds transfer. Our company is not responsible for any losses, failures or problems caused by, related to MoneySwap OÜ, or other associated parties. For all support related inquires please contact directly MoneySwap OÜ Support at [email protected]
Oro Markets scam facilitated by Mercuryo
We have pointed out several times that crypto payment processors like Mercuryo or MoonPay do not have efficient KYC, making it very easy for scammers to defraud customers. Especially Mercuryo, which Russians control, has often come to FinTelegram’s attention as a facilitator of scams. Most recently, Mercuryo lost its crypto license in Estonia.
Read our Mercuryo reports here.
In our September 6, 2023 review, only Mercuryo and MoonPay worked as payment options for credit/debit card deposits.
Share Information
If you have any information about Oro Markets, its operators, and its facilitators, please let us know through our whistleblower system, Whistle42.
