Tag: FX24

No, IFMRC is not a regulator but a scam indicator!

Compliance Charlene Lensburg - September 22, 2021

BaFin found that the operator of the DeliTraders scam, Miva Solutions LLC, would have a certification from the International Financial Market Regulation Center (IFMRC). However, BaFin points out that IFMRC is neither a nationally nor internationally legitimized supervisory authority. The IFMRC website has no imprint, nor is there any indication of the organization's place of business. It is also unclear who founded it or is a member of this association. In this respect, IFMRC is not a regulator.

Italien Consob ordered black-out of FX24 facilitated by BridgerPay

CONSOB tamir - March 6, 2021

This week the Italian Consob ordered the black-out of the FX24 broker scam website operated by Swiss Management Corporation Ltd. The scam also operates with the domain www.fx24.live, which is not mentioned in the Consob order. The scam operator Swiss Management Corporation is registered with the private forex "regulator" IFMRC. A fake regulator for a fake company We have once again identified the unregulated Cyrpus-based BridgerPay as the payment gateway for credit and debit card deposits.

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