Tag: Infinite Trade

Most recently, the Belgian FSMA has placed the offshore broker scheme PocketOption a/k/a PO Trade on its blacklist. Over the past few years, several regulators have already warned against the unregulated broker. For a few weeks, PocketOption has been operated by Infiniti Trade LLC, a company registered in Costa Rica. Before that, it was Gembell Limited. We have added PocketOption to our Red Compliance list.

The Spanish regulator is still working at full speed against the many scams. On November 15, 2021, the CNMV issued warnings against 18 illegal providers of financial services. We have already reported about a few of these scams like 53Capital Trade, IGM Holdings, or SolidStocks. These are scams that have been operating for a longer period of time. Others are likely to be new mutations. Below is the list of brands and their domains against which the CNMV has issued a warning.