A bit late! German BaFin investigates BrokerXP scam
The German financial market regulator BaFin announced on Sept. 7, 2021, that it is investigating the illegally operating broker BrokerXP (www.brokerxp.com). The Edinburgh-based and now dissolved M&A Mergers and Acquisitions Consultancy LP is alleged to have been the operator. The General Partners of this Scottish entity were Aviant Marketing Limited in the Marshall Islands and Maytech Innovations Limited. We discovered Praxis Cashier as the payment processor. BrokerXP does not seem to work anymore and is about to close down.