Tag: Saxo Bank

MTBankFX closes it international forex operationM
Categories
March 1, 2024

MTBankFX to Cease International Investment Operations Amidst Belarus’s Financial Turmoil

In a move reflecting the volatile financial landscape of Belarus, MTBankFX, a prominent Belarusian retail broker, has declared the end of its international investment services, Finance Magnates reports. This decision, effective June 1, 2024, prompts clients to liquidate their positions by May 30, 2024, marking a strategic withdrawal from global markets due to escalating risks and regulatory challenges.
Read More
Kai Petersen and his global scam networkF
Categories
October 13, 2020

FinTech Service – I did not do that! Confessions of an alleged scammer and scam facilitator!

On May 8, 2018, the German regulator BaFin issued an order that Kai Petersen's FinTech Service GmbH, registered in Dusseldorf, Germany, should cease support for scam brokers. An appeal against this order was denied by the court in Frankfurt. In September 2019, the U.S. SEC filed a complaint against Kai Petersen and his Israeli partners Gil Beserglik and Raz Beserglik charging them with binary options fraud. FinTelegram has reported and Kai Petersen has contacted FinTelegram to contest on of ten counts.
Read More