Investor Warning – Trade Com Group, GlobalSpotFX, Spotfinex, FXonspot, and TopEuroFX scams

Trade Com scam network with GlobalSpotFX Spotfinex FXonspot and TopEuroFX
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ProfxCredit, FMA Crypto, Coinmond, GlobalSpotFX, Spotfinex, FXonspot, and TopEuroFX are associated with a Trade Com Limited, which does not appear to exist. In January and August 2020, the UK FCA issued investor warnings against the FXonspot scam; in September 2020, the Spanish CNMV. Until recently, the Google App Store offered the Spotfinex trading app. This has been renamed TopEuro FX (www.topeurofx.com) and is still available for download. As facilitating payment processors, we have discovered Payecards and Estonian Woodstock OÜ with the Lithuanian e-Money Institution Finolita Unio.

White-label scams

The specific scams of the Trade Com racket do not change their appearance. They are white-label mutations. Neither the design nor the colors are changed. The processes across all scams are identical anyway. Only the domain, the logo, and the texts are adapted to the current brand. Currently, this is TopEuroFX. Do not fall for the scams of the Trade Com group.

Payment Processors

We have discovered Payecards and Woodstock as a payment facilitator in Trade Com scams.

We want to know more about the Trade Com scammers and their scams. If they have any information, we would be grateful if you share it with us.

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