4 C
New York
Wednesday, March 25, 2026
spot_img

Tag: Andrey Pavlov

Offshore Broker Scheme FopFX About To Terminate Fondex Operation; Orange Compliance Rating!

Offshore Broker Ben -
We have already brought several reviews about the TopFX broker scheme, which is regulated through entities in Cyprus and Seychelles. The broker scheme also includes the Fondex brand, which will be terminated soon. TopFX's clients come primarily from Italy, with around 90% of the 900,000 website visitors in the last 28 days coming through the offshore broker's website. Fondex website visitors come primarily from the United States, where the scheme has no authorization. We have awarded an Orange Compliance.

Offshore Radar: CySEC-Regulated TopFX Switched Fondex To An ‘Offshore Only’ Scheme!

Offshore Broker Ben -
We brought our initial review for the TopFX broker scheme in Oct 2022. At that time, CySEC-regulated TopFX Ltd had been operating the two domains TopFX.com and Fondex.com. Since then, Fondex switched to the "offshore only" gear. Like the TopFX offshore mutation, Fondex is operated through TopFX Global Limited in Seychelles, which is registered as a securities dealer with the FSA Seychelles. The offshore mutations accept EEA residents and offer leverage up to 1:500. Here is our updated review.

cTrader Founder Andrey Pavlov, His CySEC-Regulated Broker TopFX, And Some Offshore Activities!

Illegal Broker Activities Ben -
Fondex a/k/a TopFX are broker brands operated by the CySEC-regulated investment firm TopFX Ltd. Besides, the broker scheme also works with an offshore broker that also recruits and registers consumers in the EEA countries. The offshore mutation of TopFX is operated through TopFX Global Limited in Seychelles, which is registered as a securities dealer with the FSA Seychelles. The offshore mutation also offers EEA residents leverage up to 1:500. The scheme is controlled by cTrader founder Andrey Pavlov.

Urgent Warning Against Offshore Broker Equinox Markets Powered By cTrader!

Broker platforms Charlene Lensburg -
Equinox Markets Limited, registered in St. Vincent & The Grenadines in September 2022, allegedly operates the broker scam Equinox Markets. The scam has been active since at least 2020, but has apparently reinvented itself with a new legal entity. The scammers eviently are about to switch to the cTrader broker platform where he is also hosted. The conversion may not be finished yet, then there are still numerous errors. In any case, you should stay far away from this offshore broker.

FinTelegram is a cyberfinance intelligence and compliance platform investigating financial crime, regulatory violations, and the rails, entities, and ecosystems that facilitate them. Combining investigative journalism, whistleblower intelligence, and forensic compliance analysis, we map risk across payments, banking, crypto, and offshore structures to support transparency, accountability, and informed action.

Contact us: [email protected]

Disclaimer: FinTelegram is an independent intelligence and compliance platform and does not provide investment, legal, or financial advice. Content published on this website, including references and links to third-party sources, is provided for informational, contextual, and educational purposes only and does not constitute a recommendation, endorsement, or solicitation. Readers must make their own independent assessment and obtain professional advice where appropriate. Past events and referenced materials are not a track record and should not be relied upon as an indicator of future results.

© Copyright - FinTelegram News powered by Cyber Intelligence Services LLC