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Tag: The Financial Commission

Broker platforms

May 29, 2022

The Financial Commission Certifies Broker 4X Solutions!

The Financial Commission announced the certification of trading technology provider 4X Solutions. The certification would be part of its ongoing efforts to help ensure brokers and traders are operating in a fair and transparent environment with commonly accepted standards for trading technologies. The core product of 4X Solutions is a MetaTrader copy trading platform that can be used standalone or as a foundation for a more specialized application through API integration. Allegedly, 15,000 traders use the 4X Solutions platform.

April 25, 2022

Whistleblower Request – Russian Serenity Financial, GrandCapital, and Jekaterina Soldatova

Until August 2020, Estonia-based Serenity Financial d/b/a SerenityPay (www.serenity-financial.io) operated as a licensed crypto payment processor and Exchange operator. The license was terminated. As a contact email, SerenityPay has provided the email [email protected], which is associated with the Russian offshore broker operator GrandCapital. Jekaterina Soldatova is the only registered director. She also holds board positions with six other Estionan entities. We want to learn more about SerenityPay and Soldatova.

April 21, 2022

Offshore broker Axiory with super-high leverage does not accept clients from UK and EU!

Axiory offshore broker is operated by Axiory Global Ltd, regulated by FSC Belize, and Tradit Ltd, regulated by FSC Mauritius. It does not acquire clients in the UK, and EU whereby registration is algorithmically blocked and not possible. Thus Axiory abides by regulatory requirements in these countries. Axiory also does not allow pre-KYC deposits, positively differentiating itself from many other offshore brokers. It offers leverage of up to 1:777. However, in Eu

April 19, 2022

Attention! Investor warning against crypto investment scam CalcusFX

The UK FCA issued a warning against the crypto investment scam CalcuxFX on 12 April 2022. A few days later, The Financial Commission, a private external dispute resolution (EDR) organization with Russian owners added the investment scam to its warning list. The decision was allegedly made upon reviewing CalcusFX's allegedly submitted application to become a member. The purported UK-registered operator CNG (Group) Limited has been sent into administration in March 2022. Stay away, save your money, data, and mental health.

Offshore Broker

April 17, 2022

Attention! FTechnics-powered offshore broker Agra Markets is new on the radar!

Agra Markets is a new offshore broker operating through Agra Markets LLC in St. Vincent & The Grenadines. The offshore entity was only incorporated in Nov 2021. On 29 Mar 2022, The Financial Commission (always a good place for unregulated offshore brokers) announced Agra Markets as a new member. The social media channels on Facebook, Instagram, or LinkedIn are currently not filled. Agra Markets is at the start. Be super careful with unregulated offshore brokers. You will most likely lose all your money.

Offshore Broker

April 17, 2022

The Financial Commission expels unregulated EGMarkets from membership!

The Financial Commission, a private external dispute resolution (EDR) organization for unregulated and regulated online brokers expelled the unregulated Nigerian broker Eagle Global Markets a/k/a EGMarkets from the membership in the organization. Allegedly, EGMarkets breached contractual obligations and did not pay its membership fees. Consequently, EGMarkets clients will not be eligible for reimbursement from The Financial Commission’s compensation fu

FSA SVG

April 6, 2022

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

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.

Wirecard’s Jan Marsalek Confirmed as Russian Spy Mastermind in UK Espionage Conviction

A London court has delivered a seismic verdict in the ongoing saga of Wirecard, the collapsed German fintech giant: six Bulgarian nationals have been convicted and sentenced for spying on behalf of Russian intelligence, acting under the direct orders of Wirecard’s fugitive former COO, Jan Marsalek. This marks the first time a court has definitively established that Wirecard, under Marsalek’s leadership.

Odebrecht Scandal: Former BankerPeter Weinzierl Extradited to U.S., Held Without Bail in Brooklyn Jail

Former Meinl Bank CEO Peter Weinzierl has been extradited from the United Kingdom to the United States and is currently in custody at the Metropolitan Detention Center (MDC) in Brooklyn. The 59-year-old Austrian banker faces charges related to his alleged involvement in laundering over $170 million in bribes connected to the Odebrecht corruption scandal.

KBH Andelskasse Conviction Exposes Deep-Rooted Fintech-Driven Money Laundering Network

The recent conviction of former KBH Andelskasse CEO Bo Stengaard marks a pivotal yet incomplete chapter in one of Denmark’s most alarming money laundering scandals. While Danish media focuses on Stengaard’s four-month suspended sentence, a broader compliance investigation reveals a sophisticated network involving payment firms Clearhaus and FCA-regulated Moorwand.

Speculative Buy (With Guts)

The Invisible Backbone of Web3: Is Aleph.im the Missing Link Between DeFi and AI?

Aleph.im is one of the most underrated infrastructure plays in Web3 — offering decentralized compute, storage, and indexing services that could power the next wave of AI x DeFi applications. Unlike most layer-1 vanity projects, Aleph.im solves real problems for real dApps: it lets decentralized applications operate without relying on centralized backends like AWS.

Startup on Trial

Startup on Trial: Elizabeth Holmes and Theranos – Visionary or Fraudster? The Final Appeal Denied

Elizabeth Holmes, once celebrated as the world’s youngest self-made female billionaire, is now serving an 11-year prison sentence for defrauding investors in her blood-testing startup, Theranos. In May 2025, the 9th U.S. Circuit Court of Appeals dealt her what may be the final legal blow, denying her bid to have her 2022 conviction reheard.