German regulator BaFin issued a warning against white-label broker Scam Gelion24 on July 31, 2023, and announced investigations. The website claims that the operator would be Boundless Limited, registered in St. Vincent & The Grenadines. We have not found this company. The terms and conditions state Poland as the competent jurisdiction. Potential victims can lose money via credit/debit cards and cryptocurrency deposits. Stay far away!
Key data
| Trading names | Gelion24 |
| Domain | https://gelion24.com https://gelion24.info https://webtrader.gelion24.cc |
| Social media | not disclosed |
| Legal entity | Boundless Limited (fake) |
| Contact data | |
| Jurisdiction | St. Vincent & The Grenadines Poland |
| Authorization | No |
| Payment options | Debit/credit card |
| Payment processors | ABNCBP SecurePaymentGateway (https://securepaymentgateway.io) PrMoney (https://prmoney.com) PayMatch (https://paymatch.com) |
| Compliance rating | Black |
| Warnings | BaFin |
Customers are shown exorbitant profits on their member accounts, which are not paid out. Displaying fake winnings in the dashboard is the usual method of how scammers trick their victims into making more and more deposits. Under the pretext of another tax, fee, or “crypto commission,” they are urged to make further deposits, the BaFin informs. In the process, employees send out fake certificates of supposed “broker licenses” of the customers, which illegally bear the logos of European supervisory authorities.
Share information
If you have any information about Gelion24, its operators, and its facilitators, please share it through our whistleblower system, Whistle42.
