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Tag: TC Pay

Update: ‘Gen-Z of Broker’ Opofinance And Its Compliance Rating!

Compliance Rating tamir -
In October 2022, we issued a warning against the offshore brokerage scheme Opofinance, operated by offshore entities in the Seychelles and St. Vincent & The Grenadines. Opofinance operates under a securities dealer license from the FSA Seychelles in most regulatory regimes worldwide without a license. In doing so, Opofinance also violates regulatory requirements and falsely claims that membership with the Financial Commission will protect investor funds. Compliance rating: Red!

Be Cautious With Unauthorized Offshore Broker NordFX!

Offshore Broker Ben -
NordFX is an offshore broker registered in Vanuatu that operates through several websites, primarily in Asia, and offers leverage of up to 1:1,000. The website says no clients from North America and the EU are accepted. However, we could register as EU residents in our review. NordFX has an extensive portfolio of payment processors. In our review, pre-KYC deposits via crypto were possible in theoretically unlimited amounts. Be careful when dealing with NordFX.

Warning! Offshore Broker Opoforex Is Now Opofinance But Acts Still Unauthorized!

FSA Seychelles Ben -
Opofinance (previously Opoforex) is an unregulated offshore broker operated by Opo Group Ltd in the Seychelles and Opo Group LLC in St. Vincent & The Grenadines (SVG). The offshore broker is a member of The Financial Commission, a private dispute resolution organization. The broker has an offshore securities dealer license from the FSA Seychelles, which does not authorize Opofinance to offer financial services in Europe, North America or any other regulatory regime. Traders are not protected under any regulatory regime outside Seychelles.

The Financial Commission member Opoforex continues it illegal activities in Europe!

FSA SVG tamir -
Two weeks ago, we issued a warning against the offshore broker scheme Opoforex, registered in St. Vincent & The Grenadines (SVG) in Feb 2021 by corporate builder Wilfred Services Ltd. The Financial Services Authority (FSA) VSG has clarified in Feb 2022 that it does not regulate or authorize forex or CFD brokers. Opoforex has no authorization to offer its services in Europe or other regulatory regimes but continues to solicit consumers. Stay away from Opoforex and other offshore brokers.

Attention! Be cautious with unauthorized offshore broker Opoforex!

Illegal Broker Activities tamir -
Opoforex is an unregulated offshore broker operated by Opo Group LLC, registered in SVG. The offshore entity was incorporated in Feb 2021 by corporate builder Wilfred Services Ltd. Opoforex is a member of the The Financial Commission, a private dispute resolution organization. The website of the offshore broker states that it would be authorized in SVG for investment services. This is not true. The FSA VSG has clarified in Feb 2022 that it does not regulate or authorize forex or CFD brokers. Opoforex has not authorization to offer its services in Europe or other regulatory regimes.

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.

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