Tag: IGC Markets

IGC Markets is a very aggressive scam broker deploying fraudulent marketing campaigns such as Elite Trader or Bitcoin Loophole to chase victims. The offshore entity MaxxMedia LLC, registered in St. Vincent & The Grenadines, is the alleged operator. Several European regulators have already issued warnings against the scam. In December 2021, the UK FCA issued a warning and on 7 Jan 2022, the German BaFin announced investigations. Below is another update.

FinTelegram has warned several times against the IGC Markets broker scam that chases victims via fraudulent marketing campaigns such as Elite Trader or Bitcoin Loophole. The offshore entity MaxxMedia LLC, registered in St. Vincent & The Grenadines, is the alleged operator. The Austrian Financial Market Authority (FMA) has followed with a warning against IGC Markets. Today, the UK FCA issued a warning against the IGC Markets scam. Do not fall for this scam and avoid registering with fraudulent marketing campaigns at all costs.

In our reviews today, we have discovered that currently, via Yuan Pay a/k/a Yuan Pay Group scam campaign, the broker scam Tandem Markets (www.tandemmarkets.com) is being promoted. This scam is operated by the same boiler rooms and marketing companies as Global Morgan (www.globalmorgan.com). Currently, there are no warnings from regulators against either scam. Stay far away and keep your money and data.

FinTelegram has warned about the IGC Markets broker scam several times. Today, the scam is being promoted by the fraudulent marketing campaign Bitcoin Prime and mainly targets German-speaking victims. As a payment processor, we have discovered the mysterious crypto payment processor Coinsxo in BoxiPay cashier. Its website does not provide any information about the legal entity of the operator. Cyprus is stated as the Coinsxo jurisdiction.

We have warned several times in September 2021 against the IGC Markets broker scam that hunts for new victims via fraudulent marketing campaigns such as Elite Trader or Bitcoin Loophole. The offshore entity MaxxMedia LLC, registered in St. Vincent & The Grenadines, is the alleged operator of the scam. The Austrian Financial Market Authority (FMA) has followed with a warning against IGC Markets today. Do not fall for this scam and avoid registering with fraudulent marketing campaigns at all costs.

A few days ago, we issued a warning against IGC Markets when it was chasing victims via the fraudulent Bitcoin Loophole campaign. IGC Markets is attacking German consumers via the German-language Elite Trader campaign running on the website InsaneOfferForYou. The campaign promises that investors can earn more than €15,000 per day. In fact, one is registered as a future victim of the IGC Markets scam and loses its data and money. Stay far away.

Bitcoin Loophole fraud campaign leads us to IGC Markets broker scam today. The operator of the scam is allegedly MaxxMedia LLC registered in St. Vincent & The Grenadines. Deposits from potential victims are possible via Bitcoin and via credit and debit cards. However, before depositing via credit cards, victims have to contact the support a/k/a boiler room by phone or email beforehand. The scam is still relatively young and aggressive in its search for victims. Do not fall for it.