Warnings: PatronFX, CryptoTrade Corp, Cash FX Group…
Table of Warnings
4 entities blacklisted by FINMA
The rogue broker OrbitGTM has made its second appearance on European regulators’ alert lists, a warning previously issued by the FSMA. Previously, the platform offered its services at the slightly changed URL orbitgt-m.com, today it is orbitgtm-pro.net.
FINMA warns against:
COMPANY: Aurora Solutions Limited (company based in Dominica)
18 warnings from FCA
FCA warns against:
COMPANY: Zion Finance Limited
SM Profile: @zionfinanceltd (Instagram) / www.facebook.com/ZionFinanceLTD
The company is registered with the UK Register of Companies under number 11404421 but is not licensed by the FCA to offer investment brokerage services.
COMPANY: Bit-Pay Limited
Secured Forex Options
Algo Trader Forex
A dishonest broker uses the data of another, properly registered company in order to gain the trust of a potential investor.
Company’s data that the “sterling.law” fake-broker uses:
Company’s name: Sterling & Law Group Plc
Reference number: 216784
Proprietary domain: www.sterlingandlaw.com
Bit Forex Fidelity
Global FX Lifestyle Profitable
Instant Capital FX
KNF warns against PatronFX
The Forex TB LTD company, responsible for the functioning of the PatronFX broker platform, has a CySEC license no. CIF 272/15 for offering investment intermediation services. As a standard, the reason for placing an entity on the list of the Polish KNF Office is a notification regarding the suspicion of committing a crime under Art. 178 of the Act on Trading in Financial Instruments, i.e. conducting activities in the field of trading in financial instruments without the required permit or authorization. However, it is not clear what caused the entity to be blacklisted by the Polish Financial Supervision Authority.
KNF warns against:
COMPANY: Forex TB Limited
CONSOB published 6 platforms on the public alert list
Vigo and CO LLC appeared in the press report of CONSOB. Previously, this company appeared twice in warnings published by CONSOB in the form of the level5x.com and onirofx.com platforms. Today we are dealing with a new instalment of this unfair brokerage practice at the URL of galicfx.com.
CONSOB warns against:
COMPANY: VIGO and CO LLC / 674 LLC
WEBSITE: www.iam-ltd.com / www.xvtrcv-client.com
COMPANY: iam-ltd Ltd / FX Publications, INC
Cash FX Group
WEBSITE: www.assetgroup.xyz / www.assetgroup.ltd
COMPANY: Assetgroup, Inc. / Widdershins Group Limited
WEBSITE: www.neotrade.pro / www.neotrade.io
COMPANY: Donnybrook Consulting Limited
Cryptotradecorp.co blacklisted by FMA
In December last year, on the basis of a report sent to our editorial office from an injured person, we published a warning about the dishonest broker CryptoTradeCorp. It wasn’t long before the scam platform hit the FMA regulator’s list of warnings.
FMA warns against:
COMPANY: Bright Space Limited