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Tag: Svetlana Umarova

Attention! Another warning against Finomarkets broker scam!

CNMV Ben -
We have already warned against the Finomarkets (www.finomarkets.com) scam several times. A few weeks ago, the Spanish regulator CNMV warned, and now the UK FCA issued an investor warning. The Finomarkets website does not specify an operator or a competent jurisdiction. Coinicash is the facilitating payment processor for credit and debit card payments with Texcent and AdvCash, who process the payments. Victims’ deposits are represented and miscoded as purchases of cryptocurrencies on the Coinicash exchange.

Investor warning – FinoMarkets facilitated by Coinicash, AdvCash, and Texcent

CNMV tamir -
Spanish financial markets authority CNMV issued a warning against FinoMarkets on September 13, 2021. The scam's website does not specify an operator or a competent jurisdiction. However, we have again Coinicash acting as a payment processor for credit and debit card payments. Coinicash is again facilitating in its capacity as a registered merchant with Texcent and AdvCash, who actually process the payments. Victims' deposits are apparently represented and miscoded as purchases of cryptocurrencies on the Coinicash exchange.

Investor warning against Billion Forex broker scam as part of FCA-regulated Billion Key

Compliance Mark Lagarde -
The logo of the broker scam Billion Forex resembles the one of Red Bull and this could be intentional. Currently, there are no warnings against the scam by a financial market regulator but FinTelegram already has whistleblower information and complaints. The scam is operated by BillionTraders Services OÜ, Estonia, and Billion Traders Ltd, St. Vincent and the Grenadines. They claim to be part of FCA-regulated Billion Key Ltd. TEXCENT is the facilitating payment processor.

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