Tag: IC Markets Global

We have received a critical comment regarding our Request 4 Information regarding Spectrum Payment Services Limited d/b/a CardOneMoney in connection with its offshore client Raw Trading Ltd, registered in Seychelles. We were asked why we find it worth mentioning that a broker has a business relationship with a UK Financial Conduct Authority (FCA) regulated payment institution. We wouldn't make a story out of anything there. Alright, we see it differently. Here's our response to the comment.

The UK FCA issued an investor warning against the offshore activities of the CySEC-regulated IC Markets group, operating in Europe through various domains and websites via offshore entities in Seychelles and the Bahamas. FCA also warned against the scam broker International Markets a/k/a IC Markets. The FCA has issued a warning against ZoomGlobalFX, which is allegedly part of the CySEC-regulated IC Markets group. Some of the illegal brokers vanished with their websites after the FinTelegram repor

FinTelegram is frequently contacted by law enforcement agencies in various jurisdictions with requests for information. It has become known in the international law enforcement scene that FinTelegram has indeed valuable information and contacts. In our respective discussions, we recommend starting enforcement actions against facilitating payment processors. They are the backbone and payment data hubs of the ever-expanding cybercrime universe and its scams.