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Urgent Warning Against the Trade Tech Broker Scam Facilitated By MoonPay!

Investor warning against Trade Tech broker scam
Spread financial intelligence

The Spanish regulator CNMV has warned against the broker scam Trade Tech. It is allegedly operated by Zermatt Group LLC, registered in St. Vincent & The Grenadines. Potential victims can lose their money via credit/debit card deposit or via crypto. As a payment processor, we have once again discovered MoonPay, via which potential victims buy their cryptos using credit/debit cards. Stay far away and protect your money!

Trade Tech Key Data

Trading nameTrade Tech
Fraud activityBroker scam
Domainshttps://tradetech-solutions.com
Legal entitiesZermatt Group LLC
JurisdictionSt. Vincent & The Grenadines
Payment optionsCredit and debit cards, crypto
Payment processorsMoonPay (via Moon Pay Limited)
AuthorizationNo
Trustpilotnot yet rated
Compliance ratingBlack
WarningsCNMV

Short Trade Tech Narrative

There is actually nothing to tell about Trade Tech, a/k/a Trade Tech Solutions, broker scam. The usual suspects are at work. The offshore company was established in January 2023 by Wilfred Services in St. Vincent & The Grenadines. This agency probably establishes around 80% of all scam operators in this offshore destination.

The crypto-payment facilitator MoonPay is deeply integrated into the scam via APIs. With these two payment processors, potential victims buy cryptocurrencies (USDT) via credit/debit card, and these are automatically transferred to the scammers’ wallets. When the API is called, the wallet addresses are automatically transferred.

MoonPay has already come to our attention many times as scam facilitators over the last few months.

Report Scammers

If you have any information about Trade Tech, its operators and facilitators, or other scammers and their activities, please let us know via our whistleblower system, Whistle42.

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