The German regulator BaFin has issued a warning against the MajorTrade broker scam allegedly operated by Cynosure Consulting Ltd, registered in the Commonwealth of Dominica. This white-label scam currently appears to be increasingly targeting German-speaking customers who may lose their money with credit and debit cards as well as crypto deposits. Please stay very, very far away from MajorTrade and save yourself financial losses as well as misuse of your personal data.