The Austrian Financial Market Authority has issued a number of investor warnings in recent days. Among them are again scam customers of the notorious Cypriot payment processor Praxis Cashier System Ltd (d/b/a Praxis Cashier and Praxis Pay) of Amit Klatchko. Specifically, the FMA warns against the broker scams Tradixa, GFXRoyal (GFX Finance), HBC Market (HBC Markets), and BSB Global.
The Italian regulator CONSOB blacklisted a further seven scam brokers on 3 August 2020. This means that the brokers’ websites will soon no longer be accessible for Italian customer victims. At present, the Italian watchdog is the only regulator using this sensible measure. The number of sites blacked out since July 2019 has thus risen to 268.
The UK regulator FCA issued an investor warning against the Forex broker Scam FairBit (www.fairbit.com) on August 4, 2020. The scam is officially operated by Gama Solutions Ltd. registered in St. Vincent and the Grenadines. The Scam lures with a super great Fair-Bit Trade engine that would generate large profits for the victims. Praxis Cashier is the payment processor, again.
The UK Watchdog Financial Conduct Authority (FCA) has issued an investor warning against the Praxis Cashier scam client Profits Trade (www.profitstrade.com). According to information on the scam’s website, it is operated by the company ProfitsTrade Ltd in Dominica. The Praxis Cashier is facilitating this broker scam, with Klarna and LeaderPay also being offered as payment options
The German regulator BaFin has issued a cease and desist order against the Praxis Cashier scam clients FX Leader which is connected to the SwisCapital broker scam. The FX Leader domain has linked to the SwisCapital CFD broker platform allegedly operated by a ScissCapital Limited, a company allegedly registered in St. Vincent and the Grenadines.
The UK Watchdog Financial Conduct Authority (FCA) has issued an investor warning against the Praxis Cashier scam client Profits Trade (www.profitstrade.com). According to information on the scam’s website, it is operated by the company ProfitsTrade Ltd in Dominica. The Praxis Cashier is facilitating this broker scam, with Klarna and LeaderPay also being offered as payment options.
The UK Watchdog Financial Conduct Authority (FCA) has issued an investor warning against the Praxis Cashier scam client Profits Trade (www.profitstrade.com). According to information on the scam’s website, it is operated by the company ProfitsTrade Ltd in Dominica. The Praxis Cashier is facilitating this broker scam, with Klarna and LeaderPay also being offered as payment options.
The German regulator BaFin has issued a cease and desist order against the Praxis Cashier scam clients FX Leader which is connected to the SwisCapital broker scam. The FX Leader domain has linked to the SwisCapital CFD broker platform allegedly operated by a ScissCapital Limited, a company allegedly registered in St. Vincent and the Grenadines.
The German regulator BaFin has issued a cease and desist order against the Praxis Cashier scam clients FX Leader which is connected to the SwisCapital broker scam. The FX Leader domain has linked to the SwisCapital CFD broker platform allegedly operated by a ScissCapital Limited, a company allegedly registered in St. Vincent and the Grenadines.
The Spanish financial market supervisory authority CNMV this week issued an investor warning against the unauthorized and thus illegally operating Forex broker DBFX Limited (www.dbfxtrades.com). According to information on the website, the company is registered in Vanuatu and is a subsidiary of the CySEC-registered investment company Belight Capital Group Ltd. The company’s license has been suspended in April 2020.
