The Italian Consob has ordered the blackout of the website of the broker scam SwissPremiumFX (www.swisspremiumfx.com) on March 29, 2021. The scam is allegedly operated by the offshore companies KBS Capital Markets Ltd, Marshall Islands, and Axis Solutions Ltd, Commonwealth of Dominica. At the beginning of March 2021, the German BaFin initiated investigations against this scam operator in connection with the Swiss24 broker scam. The licensed Estonian crypto payment processor Larco Global OÜ acts as a scam-facilitator.
Currently, the only way to lose money in the SwissPremiumFX broker scam is through the Larco payment option. Via the payment page of SwissPremiumFX, when you select Larco, you are redirected to the website www.larco-global.com. You will be welcomed by the registration page, where Axis Solutions has already been entered as the respective affiliate. Larco is the trading style of the Estonian Larco Global OÜ with Jevgenijs Voroņinskis as the registered director.
We have also discovered Larco last at the Swiss24 broker scam (www.swiss24.io). Axis Solutions Ltd is a notorious scam operator also associated with the RoyalTradeFX and AxisTrading scams. The German BaFin has opened investigations against Axis Solutions Ltd in March 2021. Please read the report here.
KBS Capital Markets Ltd has already attracted attention with its scams TopCapitalFX (www.topcapitalfx.com) or IMC Trades (www.imctrades.com), whose website has already been blocked by Consob in September 2020.