Warnings (17.03): Bit Capitals, Tradesboost, Axedo…
Table of Warnings
On the list of warnings appeared:
- U Trade FX – www.utradefx.net
- Bit Capitals – www.bit-capitals.com
- Axedo – www.axedo.co
- Tradesboost – www.tradesboost.net
FCA warns against U Trade FX
Financial Conduct Authority (FCA) has placed UTradeFx on its list of warnings. A dishonest broker uses another company’s license number. In this way, the broker tries to gain the trust of a potential investor. FCA declares that these entities are not related to each other and that the license number is being used illegally.
U Trade FX
COMPANY: Tradernet Ltd
data of the authorized company whose license number is used by UTradeFX.net
COMPANY: Trade Facts Ltd.
REFERENCE NUMBER: 401179
ADDRESS: Devon House, 58 St. Katharine’s Way London E1W 1JP
EMAIL: [email protected]
2 platforms on BaFin’s warning list
Bit-capitals.com, managed by Share Oracle Ltd., appeared on the blacklist of the German Federal Financial Services Authority. The company was responsible for the nava-gates.com platform, which in the same way extorted investors’ money. The FCA and FSMA had previously warned about the nava-gates.com platform. Besides, the company is a clone of the regulated broker BIT Capital GmbH, based in Berlin, bit-capitals.com uses the license number of the above-mentioned company.
Another platform mentioned today by the BaFin regulator is the Axedo broker, which informs clients about the possession of a license issued by the FCA, BaFin informs that this information is not true, the company is not regulated by any European regulatory authority. In the context of its operations, Share Oracle Ltd. uses the names Bit Capitals and Bit Capital LLC as well as the address of BIT Capital GmbH illegally.
COMPANY: Share Oracle Ltd.
data of the authorized company whose license number is used by Bit-Capitals.com
COMPANY: BIT Capital GmbH
COMPANY: Market LTD
Tradesboost on FINMA’s blacklist
The dishonest broker TradesBoost has published an attachment on its website that is to confirm the possession of a license for the provision of financial services. This statement is issued by the company “ZEOH Ltd.”, which deals with setting up companies, guarantees assistance in registering in Switzerland and placing “legal address of residence which is also the address of the company’s registered office”. In addition to this letter, the website does not provide the name of the company that deals with the platform’s financial settlements and does not provide the number of the European regulator’s license that would authorize investment activities.
ADDRESS: Brandschenkestrasse 42, 8002 Zürich