Romanas Kalinauskas

UK FCA warns against broker scam ApcoFX operating with Estonian crypto entities

The UK FCA has issued an investor warning against the scam broker ApcoFX (, allegedly based in Germany and London. The scam is being developed in cooperation with the Estonian crypto payment processors CryptoFactory OÜ and their crypto exchange Bitxtech ( and Zichain OÜ and their Rashbe ( Crypto Payment Platform. Both companies have one of the worthless Estonian FIU licenses.

Investor Warning – FairBit broker scam, Praxis Cashier, and Estonian cypro payment processors

The UK regulator FCA issued an investor warning against the Forex broker Scam FairBit ( 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.