PayRetailers | FinTelegram News

Tag: PayRetailers

December 22, 2023

NordFX Update: The Broker Is Now Registered In St. Lucia!

FinTelegram included the offshore broker NordFX in its REd Compliance list as it is operating without authorization. The broker uses a formerly CySEC-regulated entity acting as a payment agent. NordFX has informed us that the operator, NFX Capital VU Ltd, is no longer registered in Vanuatu but in St. Lucia. Traders conclude their client agreement with this unregulated offshore entity. The offshore broker "will not be held responsible for the accuracy of any information available on this site."

Offshore Broker

October 25, 2023

Unauthorized Offshore Broker NordFX Included in Red Compliance List!

FinTelegram issued a warning against NordFX, a retail broker operating without authorization, back in early 2023. The broker, formerly regulated by CySEC, currently has no license known to us and is mainly active in Asia and South America, with the formerly CySEC-regulated entity acting as payment agent. Most recently, it has attracted attention due to the "Mega Super Lottery". We have added NordFX to our Red Compliance list.

CNMV
ticker

May 16, 2023

Attention: Another Warning Against Trades Universal Scam!

The Spanish regulator CNMV has again warned against the broker scam Trades Universal, allegedly operated by the offshore entities Everest Capital Ltd and Universal Scale Investment Ltd in the Marshall Islands. It is already the second CNMV warning against the scam. Potential victims may lose their money via credit and debit card deposits. Stay far away and save yourself from losing your money and misusing your data.

February 9, 2023

Attention! Be Super-Alerted When Working With Offshore Broker NordFX

A few weeks ago, we brought our initial review about the offshore broker NordFX and connected it with a warning. Whistleblowers informed us that the operators of NordFX were three Russians living in the Netherlands. They would also be behind the company Nord Group Investments Inc., which we could not find. We were informed that the NordFX operators were under criminal investigation. We would like to know more and ask our whistleblowers for additional information. Be very careful!

Offshore Broker

January 11, 2023

Be Cautious With Unauthorized Offshore Broker NordFX!

NordFX is an offshore broker registered in Vanuatu that operates through several websites, primarily in Asia, and offers leverage of up to 1:1,000. The website says no clients from North America and the EU are accepted. However, we could register as EU residents in our review. NordFX has an extensive portfolio of payment processors. In our review, pre-KYC deposits via crypto were possible in theoretically unlimited amounts. Be careful when dealing with NordFX.

December 21, 2022

Investor Warning Against Trades Universal Broker Scam!

The Spanish regulator CNMV has issued a warning against the broker scam Trades Universal which is allegedly operated by the offshore entities Everest Capital Ltd and Universal Scale Investment Ltd in the Marshall Islands. As a payment processor we have discovered PayRetailers. Potential victims may lose their money via credit and debit card deposits. Stay far away and save yourself from losing your money and misusing your data.

June 27, 2022

Update! Axi Group & Its Offshore Broker Activities With NewFX, DBFX, And Others!

FinTelegram already issued some reports on Maltese boiler room operator Capital Solutions Ltd, controlled by the Italian Gennaro Lanza, and its related offshore brokers such as NewFX, Dubai FXM, DBFX, or DBinvesting. Recently, we exposed a relationship between these schemes and Axi Group and One Financial Markets. Upon our reports, the access to these offshore for EU residents has been blocked but UK residents can still register and trade with them. In our new review, we found new payment processors and other interesting connections. Here is the update!

May 4, 2022

Urgent warning! Cyprus-controlled offshore broker NewFX still solicits European consumers

the Spanish CNMV and other EU regulators issued investor warnings against the unauthorized offshore broker NewFX. Upon our report, NewFX changed its operating entity and domain. Currently, the operator allegedly is New Finance LLC, registered in Delaware; the active domain is www.newfx.us. NewFX is connected to other offshore brokers such as DBFX or OnspotBNK and to the FCA-regulated One Financial Markets. In our new review on 3 May 2022, we found Praxis Cashier as one of the facilitating payment processors.

November 4, 2021

Attention! Stay away from BenefFX and Gloffix broker scams!

The fraudulent Bitcoin Up marketing campaign today promotes the BenefFX broker scam. After registering with Bitcoin Up, prospective victims are redirected to BenefFX's cashier page. There, victims can lose their money via credit and debit cards as well as PayRetailers and AcePay. The scam is allegedly operated by the offshore entity Optium Ltd, registered in the Marshall Islands. Key Solutions Ltd in Bulgaria is stated as the payment processor. BenefFX attacks victims in English, German, Chinese, Spanish, Italian, and Arabic.

April 2, 2021

Investor Warning – Broker scams TradesRun, 24tradex, BGold Capital, and their Balkan boiler rooms

The TradesRun broker has been operated under several domains by several offshore entities such as Evergo Ltd, Marshall Islands. So were 24tradex and BGold Capital scams. However, these offshore companies are always fake. The truth is, that these scams are operated by the Albanian boiler room of 3 FID Tech (a/k/a 3fidtech), owned by the Albanian Brisilda Duraku, who is also the (former?) beneficial owner of Global-Tech DOO in Belgrade. This boiler room company is the criminal entity behind many scams such as Brokerz, Tradixa a/k/a Tradi-Xa, Globalixx, Golden-CFD, and many more.

The Unraveling of Rabidi and the Rise of the SoftSwiss Network: Our Updated Forensic Report

A few months ago, FinTelegram released a first forensic report on the bankruptcy of Rabidi N.V., a Curacao-registered online casino operator with hundreds of millions in revenues — and no traceable assets by the time of its collapse in May 2024. That report already raised serious questions about the opaque structures behind Rabidi’s operations and its successor, Liernin Enterprises Ltd.

DeFi Decoded: Smart Contracts – The Code Behind the DeFi Revolution

Smart contracts are the invisible architects of decentralized finance. These self-executing lines of code run everything from token swaps to lending platforms without middlemen. But while they offer autonomy, they also introduce new risks—bugs, exploits, and irreversible mistakes. In this fourth installment of our FinTelegram DeFi Series, we explain what smart contracts are.

CFTC

Despite New Crypto Friendlyness: No Settlement Between U.S. CFTC And KuCoin?

A planned settlement between the U.S.CFTC and crypto exchange KuCoin is now in limbo due to a reported policy shift within the CFTC. This change is attributed to the Trump administration’s new approach, which deprioritizes enforcement actions against crypto companies. As a result, a CFTC attorney said that it is "unlikely that such authorization will be granted in the near term" regarding the settlement approval.

SEC’s New Era: Paul Atkins Sworn In—Will Crypto Finally Get the Regulatory Clarity It Deserves?

The U.S. Securities and Exchange Commission (SEC) has entered a new chapter with the swearing-in of Paul S. Atkins as its 34th Chairman, a move widely anticipated to mark a dramatic pivot in how the agency approaches crypto and DeFi regulation. For years, the financial industry—especially the burgeoning digital asset sector—has bristled under the SEC’s “Regulation by Enforcement” strategy.

Crypto Mogul Changpeng Zhao – Fallen, Rich, and Rising Again?

As spring 2025 blooms and Easter’s themes of rebirth fill the air, Changpeng Zhao emerges as one of the most controversial figures of startup mythology: a man who fell spectacularly, paid a price—then rose again, wealthier and louder than ever. Once the almighty architect of Binance, CZ now resides in Dubai with a net worth that Forbes estimates at $63 billion.