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Tag: ShinePays

Urgent Warning. The Portrades Broker Scam Still Attacks Consumers in Europe And North America!

Black Compliance Ben -
FinTelegram has already issued a warning against Portrades broker scam in January 2023. The scam is still operating with various domains and is operated through the offshore company Signix Ltd in the Marshall Islands. Bulgarian companies Luko Solutions and Tera Solutions are payment processors for the victims' credit/debit card payments. Stay far away and protect your financial health.

Broker Scam Portrades Vanished With The Victims’ Funds!

Illegal Broker Activities tamir -
In January 2023, FinTelegram warned against the broker scam Portrades, operated through Bulgarian boiler rooms and the offshore entity Signix Ltd, registered in the Marshall Islands. Bulgarian Tera Solutions was the payment agent. As a payment facilitator, we have once again discovered ShinePays, which processes victims' credit/debit card deposits. We hear that Portrades vanished with the victims' money, and they did not pay their affiliates.

Introducing Offshore Broker Tredero And Its Cyprus Connections!

FSC Mauritius tamir -
The offshore broker Tredero is apparently a scheme controlled through Cyprus. Officially, Tredero is operated by Oneprime Ltd, which has a dealer/broker license from FSC Mauritius. However, payments are processed through Cyprus-based MIW Solutions Ltd. Tredero also accepts clients from Canada or the EEA regions and offers a leverage of up to 1:500. We discovered ShinePays as a payment gateway for credit/debit cards, SWIFT, e-wallets, and crypto.

Whistleblower Request: Anonymous Payment Gateway Operator ShinePays

High-risk payment processors Ben -
Most recently, we uncovered the anonymously operating payment gateway ShinePays in the Portrades broker scam. However, in recent years, we have discovered ShinePays as a facilitating payment gateway in many other broker scams. There is no official website. We suspect that the gateway is associated with another payment processor. It connects to the high-risk payment processor and merchant service provider Pacific Pay. We would like to know more about the background of ShinePays.

Urgent Warning Against Broker Scam Portrades!

Illegal Broker Activities Ben -
Today we have discovered Scam Portrades, a broker that appears to be operated through Bulgarian and is supposedly operated through Signix Ltd, registered in the Marshall Islands. Bulgarian Tera Solutions is named as the payment agent on the website. As a payment facilitator, we have once again discovered ShinePays, which processes victims' credit/debit card deposits. Stay very far away and save yourself from losing your money and misusing your data.

Investor Warning Against PandaTS White-Label Broker Scam Ortegazak!

CNMV Ben -
The Spanish regulator CNMV has issued an investor warning against the brokerage scheme Ortegazak. The operator is alleged to be Ortega Group Ltd though no jurisdiction is specified. Ortegazak is a white-label scam on the Israeli-Cypriot PandaTS platform. Payment options stated are credit and debit cards as well as Bitcoins which can be deposited by potential victims via the ShinePays gateway. Stay far away from Ortegazak and protect yourself from financial losses and the theft and misuse of your data.

Warning! The Daxiron aka DaxGlobe broker scam still attacks European consumers!

Illegal Broker Activities tamir -
We have reported and warned about the vanished PandaTS-powered broker Daxiron time and again. The offshore entity Synnfrey Sol Ltd, registered in the Commonwealth of Dominica, is the stated operator. In or around February 2022, the scam vanished, switched brand and domain to Daxglobe, and continued to attack victims across all regulatory regimes on this planet. Like Daxiron, Daxglobe deceives its victims with fake documents to prove its legitimacy and show profits. We received a fake deposit statement allegedly issued by Blockchain.

Urgent Warning! Daxiron broker scam with new Domain!

Illegal Broker Activities Ben -
The Daxiron broker scam operates with the new domain www.dax-iron.com. FinTelegram has warned several times over the last months against the Daxiron broker scam, which is only one of many broker scams running on the Israeli-Cypriot white-label platform PandaTS. The UK Financial Conduct Authority (FCA) joined FinTelegram in issuing a warning against Daxiron. We understand that law enforcement agencies in various countries investigate PandaTS and its clients. Here is an update!

Another warning against broker scam Tredexo facilitated by Paypound!

FMA Ben -
Early December 2021, FinTelegram warned against the Tredexo (www.tredexo.com) broker scam attacking victims in English and German. ABAX Inc., registered in St. Vincent & The Grenadines, is allegedly the operator. Notorious Paypound is one of the payment processors. Potential victims can lose their money via credit and debit cards and Bitcoin deposits. The Austrian FMA followed FinTelegram and issued a warning against Tredexo. Stay far away and keep your money.

Attention! Bitcoin Trader fraud campaign chases victims for BenefFX broker scam!

Affiliate Scams Charlene Lensburg -
In our morning roundup today, we discovered that the Bitcoin Trader (www.bitcointrader.site) fraud marketing campaign is hunting potential victims for the BenefFX (www.beneffx.com) broker scam today. The operator of the scam, who bills itself as "being beneficial" is Optium Ltd, registered in the Marshall Islands, and the payment agent is Bulgarian Key Solutions Ltd. We issued an investor warning back in November 2021. Stay far away and save yourself losses and mental issues.

Tredexo broker scam attacks European consumers!

Illegal Broker Activities Ben -
The Tredexo (www.tredexo.com) broker scam is currently hunting for European victims. ABAX Inc., registered in St. Vincent & The Grenadines, is allegedly the scam operator that attacks victims in English and German. Through PaynetEasy's ShinePays cashier (https://gate.shinepays.com), potential victims can lose their money via credit and debit cards as well as Bitcoin deposits. Stay far away and keep your money.

Urgent warning! Do not fall for the DAXIRON broker scam!

Affiliate Scams Ben -
The ongoing crypto hype causes many scammers to look for new greedy victims via fraudulent marketing campaigns like YuanPay. Today, the website VIP Offer (https://vipoffer.net) is running this YuanPay campaign hunting victims for the DAXIRON (www.daxiron.com) broker scam allegedly operated by Synnfrey Sol Ltd on Commonwealth of Dominica. After registering with YuanPay, one was redirected to DAXIRON's payment page, where one can make deposits with credit and debit cards via ShinePays cashier.

FinTelegram is a cyberfinance intelligence and compliance platform investigating financial crime, regulatory violations, and the rails, entities, and ecosystems that facilitate them. Combining investigative journalism, whistleblower intelligence, and forensic compliance analysis, we map risk across payments, banking, crypto, and offshore structures to support transparency, accountability, and informed action.

Contact us: [email protected]

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