Tag: Spectrum Payment Services

GO Markets broker scheme review on FinTelegramI
Categories
January 31, 2023

Introducing CySEC Broker GO Markets And Its Offshore Mutation!

GO Markets is an Australian multi-asset broker regulated by CySEC in Cyprus. Besides, as is common with many CySEC-registered brokers, the broker scheme operates an offshore mutation regulated by the FSC Mauritius. This allows the strict ESMA and CySEC regulations to be bypassed, higher leverage can be offered, and pre-KYC deposits can be accepted. GO Markets offers a leverage of up to 1:500 and accepts clients from the EEA area without any problems. Here is our initial review.
Read More
Offshore broker Skilling facilitated by Spectrum Payment ServicesC
Categories
October 18, 2022

CySEC-Regulated Skilling Continues To Onboard EEA Residents Via Its Offshore Entity!

Skilling Ltd, a Cyprus Investment Firm (CIF) regulated by CySEC, is doing business as Skilling. The broker scheme also offers offshore onboarding to EEA residents outside of ESMA and CySEC rules. This is done through Skilling (Seychelles) Ltd, with whom clients then enter into a Client Agreement. More than 70% of the website visitors are from Sweden. EEA consumers should be cautious with offshore Skilling as any investor compensation scheme or ombudsman does not protect them.
Read More
Update on Equals Group of fintech companiesA
Categories
March 31, 2022

An FCA warning & an update on Equals Group with its network of payment processors!

The UK FCA issued a warning against WorldWiseFX a few hours ago, stating that this company would act as a clone of the FCA-authorized CurrencyWave Ltd. Indeed, the websites of CurrencyWave and WorldWiseFX are almost entirely the same. Both claim to act as agents for FCA-regulated firms. However, CurrencyWave is a registered agent of Equals Connect Limited, an FCA-authorized payment processor of the Equals Group, along with 64 other agents. Here's an update on the Equals Group.
Read More
Offshore broker IC Markets onboards European consumersS
Categories
February 23, 2022

Some offline brokers associated with CYSEC-regulated IC Markets vanished!

The UK FCA issued an investor warning against the offshore activities of the CySEC-regulated IC Markets group, operating in Europe through various domains and websites via offshore entities in Seychelles and the Bahamas. FCA also warned against the scam broker International Markets a/k/a IC Markets. The FCA has issued a warning against ZoomGlobalFX, which is allegedly part of the CySEC-regulated IC Markets group. Some of the illegal brokers vanished with their websites after the FinTelegram repor
Read More