Not a day goes by that the various financial regulators publish warnings against broker and investment scams. This week, the Spanish CNMV alone has already issued warnings against around 50 websites with illegal financial offers. The UK Financial Conduct Authority (FCA) warns against scams and schemes every day. Most recently, FCA issued a warning against the Online-Trading broker scam. The boiler rooms behind Online-Trading operate many more scams.
The KadoCapital scam attacks consumers in German and English with the Japanese approach with the slogan "The Art of Finance." The scam is actually a poorly done white label mutation. The UK FCA issued an investor warning against KadoCapital a few days ago. Allegedly, the scam is operated in the Commonwealth of Dominica.