Tag: Bitwallet

CNMV warns against VantageMarkets broker schemeA
Categories
April 12, 2023

Attention: Another Regulatory Warning Against Red-Listed Vantage Group!

Vantage Prime Group LLC d/b/a VantageMarkets (VantageMarkets.co.uk) is regulated in the UK by the FCA. In addition, the VantageMarkets scheme runs offshore entities through which it performs onboarding of clients in the EEA region, in violation of the regulatory requirements of the FCA and ESMA regulators. Italian Consob has ordered the black-out of the VantageMarkets. Recently, Spanish CNMV issued another warning. We have assigned a Red Compliance rating to the Vantage Group.
Read More
FinTelegram assigns orange compliance rating to TitanFXO
Categories
April 11, 2023

Offshore Broker TitanFX With Orange Compliance Rating!

TitanFX is an offshore multi-asset broker licensed by the VFSC in Vanuatu and the FSC Mauritius. It offers its services to retail and corporate clients. TitanFX's website is mainly visited by Japanese clients, but people in the Netherlands and the United States are also among the website users, Similarweb analysis shows. We believe that TitanFX is affiliated with the FCA-regulated Pelican Trading and TradeNext or shares some resources with it We have given TitanFX an Orange compliance.
Read More
Regulatory warnings against VantageMarketsA
Categories
February 13, 2023

Attention! Another Regulatory Warning Against FCA-Regulated Vantage Group!

Vantage Prime Group LLC d/b/a VantageMarkets (VantageMarkets.co.uk) is regulated in the UK by the FCA. In addition, the VantageMarkets scheme runs offshore entities through which it performs onboarding of clients in the EEA region, in violation of the regulatory requirements of the FCA and ESMA regulators. The Italian Consob has ordered the black-out of the VantageMarkets offshore broker website (VantageMarkets.com). It is not the first regulatory warning. Be very careful when dealing with this broker scheme.
Read More
FinTelegram introduces offshore broker YadixO
Categories
February 3, 2023

Offshore Radar: Introducing The Yadix Broker Scheme

The offshore broker Yadix is operated by Quantix FS Limited, registered in the Seychelles. The offshore entity is registered with the FSA Seychelles but is not permitted to offer its financial products in other regulatory regimes. According to Similarweb, more than 57% of visitors to the Yadix website in the last 28 days came from Egypt, but also around 17% came from Germany. Yadix is likely to be operated from Cyprus as well. Be very careful.
Read More
Cyprus-based offshore broker XBPrime and its networkT
Categories
December 11, 2022

The Defamation Campaign Of Cyprus Broker Scheme XBPrime!

We brought an initial review of the XBPrime broker operated by the offshore entity MarketFinancials Ltd, a securities dealer registered by the FSA Seychelles. The truth is that XBPrime is run out of Cyprus via M&N Equity Research Ltd. The offshore entity is said to be owned by Cyprus-registered Proverial Ltd, where Israeli Asher Afriat is registered as a director. This guy also used to be the director of the CySEC-regulated K-DNA Financial Services Ltd, which later became FTX (EU) Ltd.
Read More
Offshore broker XBPrime and FTX EuropeO
Categories
November 16, 2022

Offshore Broker XBPrime And Its Connections To FTX Europe!

We brought an initial review of the XBPrime broker operated by the offshore entity MarketFinancials Ltd, a securities dealer registered by the FSA Seychelles. The payment agent is Cyprus-registered M&N Equity Research Ltd. The offshore entity is said to be owned by Cyprus-registered Proverial Ltd, where Israeli Asher Afriat is registered as a director. He is also a director of the CySEC-regulated FTX (EU) Ltd (formerly K-DNA Financial Services Ltd), which operated as FTX EU. CySEC recently suspended the license of FTX Europe (report here).
Read More