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September 1, 2020

FMA warns against IFX Banc and Global Payment Solutions

On September 1, 2020, the FMA issued an investor warning against IFX Banc (www.ifxcapitals.com and www.ifxbanc.com) which is allegedly operated by Global Payment Solutions LLC in Podgorica, Montenegro. A quickly conducted review by FinTelegram revealed that the Bulgarian Ankor Group Investment Ltd is also stated as the operator. Once again, the Cypriot Praxis Cashier System Ltd of Amit Klatchko appears as a payment processor along with the Estonian AllGlobalPay.

August 7, 2020

Investor Warnings – Austrian FMA warns against broker scams – illegal payment processors exposed

The Austrian Financial Market Authority has issued a number of investor warnings in recent days. Among them are again scam customers of the notorious Cypriot payment processor Praxis Cashier System Ltd (d/b/a Praxis Cashier and Praxis Pay) of Amit Klatchko. Specifically, the FMA warns against the broker scams Tradixa, GFXRoyal (GFX Finance), HBC Market (HBC Markets), and BSB Global.

August 6, 2020

CONSOB blacked out another six scam brokers

The Italian regulator CONSOB blacklisted a further seven scam brokers on 3 August 2020. This means that the brokers' websites will soon no longer be accessible for Italian customer victims. At present, the Italian watchdog is the only regulator using this sensible measure. The number of sites blacked out since July 2019 has thus risen to 268.

August 5, 2020

Investor Warning – FairBit broker scam, Praxis Cashier, and Estonian cypro payment processors

The UK regulator FCA issued an investor warning against the Forex broker Scam FairBit (www.fairbit.com) on August 4, 2020. The scam is officially operated by Gama Solutions Ltd. registered in St. Vincent and the Grenadines. The Scam lures with a super great Fair-Bit Trade engine that would generate large profits for the victims. Praxis Cashier is the payment processor, again.

August 3, 2020

UK Watchdog FCA warns against Praxis Cashier client Profits Trade

The UK Watchdog Financial Conduct Authority (FCA) has issued an investor warning against the Praxis Cashier scam client Profits Trade (www.profitstrade.com). According to information on the scam's website, it is operated by the company ProfitsTrade Ltd in Dominica. The Praxis Cashier is facilitating this broker scam, with Klarna and LeaderPay also being offered as payment options

August 3, 2020

Investor Warning against Praxis Cashier scam clients FX Leader and SwisCapital

The German regulator BaFin has issued a cease and desist order against the Praxis Cashier scam clients FX Leader which is connected to the SwisCapital broker scam. The FX Leader domain has linked to the SwisCapital CFD broker platform allegedly operated by a ScissCapital Limited, a company allegedly registered in St. Vincent and the Grenadines.

August 3, 2020

UK Regulator FCA warns against Praxis Cashier client Profits Trade

August 3, 2020

UK Watchdog FCA warns against Praxis Cashier client Profits Trade

August 3, 2020

Investor Warning against Praxis Cashier scam clients FX Leader and SwisCapital

August 3, 2020

Investor Warning against Praxis Cashier scam clients FX Leader and SwisCapital

July 25, 2020

Spanish Watchdog warns against DBFX scam broker of Cyprus Belight Capital Group

The Spanish financial market supervisory authority CNMV this week issued an investor warning against the unauthorized and thus illegally operating Forex broker DBFX Limited (www.dbfxtrades.com). According to information on the website, the company is registered in Vanuatu and is a subsidiary of the CySEC-registered investment company Belight Capital Group Ltd. The company's license has been suspended in April 2020.

July 22, 2020

Investor Warning: BlueSave broker scam and its payment processors

It appears that the brands belonging to the PumaTS Scam Broker Network are currently very high on the priority list of the financial market regulators across the EU. The FCA issued another investor warning against the PumaTS BlueSave operating under the domain www.bluesave.io. And once again, a company registered in St. Vincent and the Grenadines is the scam operator. Cyprus Praxis Pay, Estionan Tinkbit, and Russian 4bill are the facilitating payment processors.