Tag: Online-Trading

Investor warning against Online-Trading broker scam and its network!

FCA tamir - October 7, 2021

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.

Toxic Brokers – FCA warns against QTECK and Online-Trading Scams

Compliance Charlene Lensburg - November 20, 2020

St. Vincent & the Grenadines is a popular offshore destination with scammers. This is where they establish their offshore companies as operators of broker scams like QTECK or Online Trading. These legal entities are usually by Wilfred Services in Kingstown, St. Vincent & the Grenadines. At QTECK, Praxis Cashier is again integrated as a payment processor. The FCA issued investor warnings against these broker scams today.

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