Tag: Monolux Trade Group

Investor Warning Against LuxTrade a/k/a Monolux Trade Group!

BaFin Ben - June 14, 2022

German regulator BaFin has issued a warning against LuxTrade a/k/a Monolux Trade Group and announced investigations. The broker scam's website states Tristan Invest LLC, registered in St. Vincent & The Grenadines, as the operator. The company is not supervised by BaFin. The content on its website justifies the assumption that the company unauthorizedly operates banking business and financial services in Germany, BaFin writes. The payment options did not work today, the scam should be gone soon.

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