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Tag: PO Trade

April 8, 2024

Attention: Spanish Financial Watchdog CNMV Issued Warning Against PO Trade!

FinTelegram has already issued several warnings against the offshore broker PO Trade, which is included on our Red Compliance List. PO Trade and PocketOption are the trading names of this offshore broker scheme which has legal entities in various offshore jurisdictions such as Marshall Islands or St. Lucia. We recently published a report on fake reviews of PocketOption on Trustpilot. The Spanish CNMV issued a warning against PO Trade on April 8, 2024.

February 25, 2024

Urgent Warning: Offshore Broker PocketOption Deceives with Fake Reviews On Trustpilot!

PocketOption is an offshore broker that has secured a spot on FinTelegram's Red Compliance List due to its dubious operations. Allegedly, PocketOption is managed by Infiniti Trade LLC, a firm with registration in Costa Rica. Similarly, PO Trade, closely linked with PocketOption, is run by PO Trad Ltd, which is based in St. Lucia. Trustpilot informs that it found fake reviews of PocketOption and deleted them. Stay far away.

February 16, 2024

Russian-Controlled High-Risk Payment Processor Payeer Facilitates Pocket Option and PO Trade Broker Schemes!

The Russian-controlled high-risk payment processor Payeer has been on our radar since 2021. Since then, the operating companies behind the payment facilitator have changed several times. We have also discovered Payeer to be a facilitator of scams during this time. Currently, Payeer is one of the payment facilitators for the (interconnected) offshore broker schemes Pocket Option and PO Trade, alongside Advcash and Perfect Money. Here is our latest update.

September 19, 2023

Offshore Broker PocketOption Addresses The Russian Market With A Network Of Domains And Websites!

We downgraded Russian-controlled offshore broker PocketOption to our black compliance list a few weeks ago in light of its numerous regulatory warnings. In recent months, PocketOption a/k/a PO Trade a/k/a PO has also addressed the Russian market, which is actually blocked by Western sanctions, through a network of new domains and websites and acquired retail traders. Here is an update on PocketOption.

July 22, 2023

Downgrading: More Regulatory Warnings Against Offshore Broker PocketOption

We have warned several times in recent months about the offshore broker Pocket Option a/k/a PocketOption or PO Trade, which was previously on our Red Compliance list. One of our readers brought to our attention that there are warnings against PocketOption from regulators worldwide. The offshore broker scheme is on the warning lists from the U.S. over Brazil and Europe to Malaysia. We have therefore downgraded PocketOption and placed it on our black compliance list.

July 6, 2023

Updated Review On Red-Listed Offshore Broker Scheme PocketOption!

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.

January 30, 2023

Warning Against Russian PocketOption and PO Trader Broker Schemes Disguised As Ice Cream Seller!

In December 2022, we brought our initial report on the offshore broker PocketOption, allegedly operated by the offshore entity Gembell Limited in the Marshall Islands. PocketOption is connected to PO Trade, operated by PO Trade Ltd. The Russian Evgenii Kalashnikov controls the schemes. According to the latest Similarweb statistics, PockeOption acquired almost 18% of its clients in the U.S. Deposits are possible with credit/debit cards, Jeton, Perfect Money, Webmoney, Advcash, or via crypto. Stay far away and protect your financial health.

December 27, 2022

Investor Warning Against Offshore Broker Schemes PocketOption And PO Trade!

The offshore broker PocketOption is allegedly operated by the offshore entity Gembell Limited in the Marshall Islands. We found that PocketOption is connected to PO Trade and controlled by the Russian Evgenii Kalashnikov. Both offshore schemes supposedly do not accept clients from the U.S. or EEA, however, it was no problem to register as a resident of these regulatory regimes. Deposits are possible with credit/debit cards, Jeton, Perfect Money, Webmoney, Advcash, or via crypto. Stay far away and protect your financial health.

December 22, 2021

Consob issued pre X-Mas warnings against 15 illegal financial websites!

On December 20, 2021, the Italian regulator Consob issued a warning against a total of 15 websites that offer illegal financial services or are scams. In contrast to the last weeks, Consob did not announce a blackout of the websites. Among those warned is also the offshore broker Moneta Markets and its operator Vantage Global Limited. In addition, the Italian regulator has also warned about several fraudulent Bitcoin marketing campaigns. Below is the list of the latest warnings:

November 24, 2021

Attention! Stay away from CryptoMarginPro and TradeCryptoVariety schemes!

The UK FCA has again issued warnings against two unregulated crypto trading schemes. These are CryptoMarginPro (www.cryptomarginpro.com), operated by the offshore entity PO TRADE LTD, registered in Saint Lucia, and TradeCryptoVariety (www.tradecryptovariety.com), which TradeCryptoVariety Ltd allegedly operates in Sweden. However, the website gives an address in San Diego, United States. Stay Far Away; we believe these schemes are scams!

May 17, 2021

Investor Warning – Broker scam LedgerOptions and Czech Tifiya Group

We have received information from victims that LedgerOptions is currently active and hunting for victims via fraudulent marketing campaigns. In our brief review, we were able to determine that LedgerOptions is a typical white-label scam allegedly operated by Marshall Islands-registered Ledgeroptions Limited. Payments of victims are processed by Tifiya Group in the EU. Do not fall for this scam; stay far away from these scams.

Cash Cow Crypto: U.S. CFTC Enforcement Sets Records in FY 2024 with $17.1 Billion in Monetary Relief!

The U.S. Commodity Futures Trading Commission (CFTC) achieved a landmark year in FY 2024, securing over $17.1 billion in monetary relief, including $2.6 billion in civil penalties and $14.5 billion in restitution. The agency’s groundbreaking actions spanned digital asset (crypto) markets, voluntary carbon credits, and major compliance cases, highlighting its leadership in safeguarding market integrity.

U.S. DOJ’s Whistleblower Pilot Program: 250+ Tips in Just Months!

Whistleblowers are the only effective way to fight financial crime. The U.S. DOJ whistleblower pilot program has already proven effective, generating over 250 tips of potential misconduct since its launch in August, according to Principal Associate Deputy Attorney General Marshall Miller. According to a Reuters report, the initiative targets corporate malfeasance and encourages internal self-disclosure by companies.

Online Gambling: Lokinvestigation in Curaçao, its Maltese Connections, and How to Shut Down!

For many years, the far-far-away Curacao was the regulatory mecca of global online gambling. But that is over. The Lokinvestigation, spearheaded by opposition politician and forensic investigator Dr. Luigi Faneyte, reveals systemic failures and alleged corruption in Curaçao’s online gambling sector. With ties to Maltese investors and global financial networks, the report demands transparency but also carries political implications.

KTM’s Collapse: How Pierer and Blazicek Possibly Misled Investors and Profited Amid a €2.9 Billion Crisis!

The recent insolvency filing by KTM AG, Europe's largest motorcycle manufacturer, has unveiled significant managerial failures under CEO Stefan Pierer and Chairman of the Supervisory Board Josef Blasicek of Pierer Mobility AG. Despite clear indicators of financial distress, the company continued to distribute substantial dividends, misleading investors about its fiscal health. Here is an investor update on the KTM case.

Investor Briefing

Investor Briefing: Why Elon Musk’s SpaceX is valued at $350 Billion!

SpaceX, Elon Musk's private aerospace company, is reportedly in discussions to sell insider shares at a valuation of approximately $350 billion. This would be double what the company was reportedly selling shares at one year ago. In December 2023, Bloomberg reported SpaceX shares were being sold at a $175 billion valuation. Musk's closeness to Trump is apparently paying off.