Another regulator warning against FX Leader broker scam facilitated by Praxis Cashier
The FMA issued an investor warning against the broker scam FX Leader (www.fx-leader.com) allegedly operated by FX-leader Limited, St. Vincent and the Grenadines. In July 2020, the German regulator BaFin issued a cease and desist order against the scam broker (read this report). The FX Leader scam is directly linked to the SwisCapital (www.swiscapital.com) scam. The latter already vanished and was operated by the offshore entity ScissCapital Limited, also registered in St. Vincent and the Grenadines.