Tag: FXTradePremium

FinTelegram has reported several times about crypto payment processor Payeer which is controlled by Russian nationals. We have already discovered Payeer as a payment processor in scams several times. The Estonian FIU announced that Payeer had lost its license. The Estonian FIU exposed deficiencies, and the license would have been invalidated. However, Payeer decided to renounce their license to avoid the revocation. Now, the scheme operates with a crypto license in Lithuania!

ForTrade is a broker brand operated by legal entities licensed by various recognized regulators such as the UK FCA, the Cypriot CySEC, or the Australian ASIC. In addition, the ForTrade Group runs offshore entities in Belarus and Mauritius, as FinTelegram has already outlined. BaFin issued a warning against Invest365 and LLC Fort Securities BLR in March 2022. On March 16, 2022, BaFin updated the warning after discussions with ForTrade and outlined that ForTrade Group would not involved in the Invest365 scam, but it would be a case of identity theft. Here is the update!

The FCA issued an investor warning against the scam broker FXTradePremium on 20 August 2020. According to the information on the website, the scam is operated in Minsk via the Fort Securities LLC registered in Belarus with registration number 193075810. This is actually one of the companies of the CySEC regulated investment company ForTrade Cyprus Ltd (CIF No 385/20).