Warnings: Status Markets, RevolutionFX, Pattern Trader…
Table of Warnings
FCA warns against Status Markets and GS4 Trade brokers
The British Financial Conduct Authority (FCA) has placed the Status Markets platform on its list of warnings. The off-shore company MarCo Global Projects Ltd, registered in the Marshall Islands, which is not authorised to offer investment services in Europe, is responsible for the platform.
The British regulator also warns against investing its funds in the gs4trade.com platform. As in Status Markets, the company is registered in the so-called tax haven in the Marshall Islands and does not have a license to offer its products in Europe.
FCA warns against:
COMPANY: MarCo Global Projects Limited
COMPANY: GS4trade Invest Limited
11 warnings from the Spanish CNMV regulator
The MorganFx platform appeared among the entities blacklisted by CNMV. The company Preqster LTD, which is responsible for this platform, is also responsible for fraud with the same profile previously listed in the warning list of the Italian financial regulator CONSOB. The website Preqster Limited previously used to extort investors’ funds was called Pips500 and was available at URLpips500.com. As of today, the Pips500 website is not available.
CNMV also warns of the PrimerySwissGroup.cc platform, which previously offered its services at the URL primeryswissgroup.com, changed after CONSOB issued a warning in April 2021 domain to primeryswissgroup.cc.
CNMV warns against:
COMPANY: Preqster Limited
COMPANY: ZORO Global Limited
COMPANY: Servicios Bursátiles Internacionales Limited
Primery Swiss Group
Odin Forex / ODIN SERVICE GROUP
COMPANY: Gold Bach Invest Limited
COMPANY: Savi Holdings Limited
A dishonest broker uses the data of another properly registered company to gain a potential investor’s trust. The impersonator has no connection with, and is not to be confused with, the genuine entity.
Compay’s data that the “marketsi.co.uk” dishonest broker uses:
Company’s name: SAFECAP INVESTMENTS LTD
Reference number: 2381
COMPANY: Richness Empire Limited
AMF warns against NeoPlacement.com platform
The French Financial Markets Authority (AMF) listed a not licensed platform to offer investment intermediation services on its list of warnings.
AMF warns against:
Watch out for Pattern Trader SCAM
We would like to warn our readers against a rogue broker offering their services via Pattern-Trader.app.
Consultants contact a potential client by phone informing about an inactive trading account on their website. The callers introduce themselves using popular Polish names and surnames to build trust in the interlocutor. However, they are revealed by the Eastern accent popular among similar scams, which indicates a potential fraud and raises the first suspicions.
When asked for a license number, a consultant and the authority that granted permission to offer investment services cannot provide a reliable answer by offering the document to be sent to the e-mail address provided by the interlocutor. The company’s representative also does not provide information about the company responsible for the pattern-trader.app platform.
We also did not find out from what source our contact details, including telephone number, and first name and surname, come from. Most likely, the company obtained the data in a dishonest way, and by revealing the source of the data, they would admit to violating the provisions on the protection of personal data.
The opinions we found on the web show that the Pattern-Trader.app platform refers you to unregulated brokers after completing the registration process. In most cases, it was AspenHolding, an unregulated broker, against which the Polish KNF and Italian CONSOB published warnings.
ForexRev warns against: