Warning List
Now you are reading
Regulators from Spain and Australia warn against 29 FX and crypto scams

Regulators from Spain and Australia warn against 29 FX and crypto scams

created Forex Club19 March 2024

As many as 29 forex and crypto scams were added to the warning list in March 2024. Regulators from Spain and Australia inform about new entities that offer their services illegally and their aim is to extort funds from unaware investors. It happens that their names are confusingly similar to existing and legally operating companies (e.g. ATFX), but they also often refer to names that we associate well (e.g. Swiss, Axia, Cloud Crypto). Details below.

Watch out for these "brokers"!

How to recover funds from a fraudster

MyChargeBack.com is an American company specializing in the recovery of funds extorted by unreliable companies and "scams" pretending to be honest Forex brokers, binary options brokers and cryptocurrency projects. If you've been scammed, there's a good chance that MyChargeBack.com will be able to help you!

We warn against using the services of unlicensed companies. Before opening an account, always make sure it is correct the broker has the appropriate regulations and permits at the indicated financial market supervisory institution.

Below we present a list of entities included in the warning lists divided by countries/regulators who decided on it.

Spain – CNMV

The Spanish financial market regulator, CNMV, announced that as many as 17 entities have been added to the warning list.

Top Tier Capital

  • Web page: toptiercapital.org


  • Web page: bitbinx.ltd / bitbinx.com


  • Web page: cryptomaxitrade.com
  • Entity name: Cryptomaxitrade Ltd

Innovativefx Trade

  • Web page: innovativefxtrade.com

Sif – Swiss Investments Funds

  • Web page: globegraph.com


  • Web page: maxbreadinx.com

Universal Trade

  • Web page: universaltrade.io


  • Web page: crytomerge.co

Active Financial

  • Web page: activefinancial.trade


  • Web page: noventus-partners.io


  • Web page: livingtradefx.com

Bb Capitals / Broker Bank Capitals

  • Web page: bbcapitals.com

Axia Trade

  • Web page: axiainvestments.com
  • Entity name: Smarttool Trading Sc Limited

Dynasty Of Cryptos / Platinumhitech

  • Web page: dynastyofcryptos.com

Micron Group

  • Web page: microngroup.pro

Up Markets

  • Web page: upmarkets.com

Circulo De Inversión

  • Web page: circularodeinversion.com

Official CNMV Alert List

Australia – ASIC

Australian financial markets regulator, ASIC, warns against 12 entities that came across his "Black list" in March 2024:


  • Web page: comparefixedincome.com.hk


  • Web page: Atfx.at

Cloud Crypto

  • Web page: cloud-crypto.org
  • Entity name: Cloud Crypto Ltd

Banana Miner

  • Web page: Bananaminer.xyz

The Revenue CenterPro

  • Web page: revenuecenterpro.com


  • Web page: advancedmarkets.live


  • Web page: capitalmanagedinvestmentsltd.com


  • Web page: mexc-tobtc.top


  • Web page: omexbanc.net
  • Entity name: Omexbanc Inc 


  • Web page: Starfundsfx.com


  • Web page: vastrapidtrade.com

Choose Capital

  • Web page: choosecapital.com

Official ASIC warning list

What do you think?
I like it
Heh ...
I do not like
About the Author
Forex Club
Forex Club is one of the largest and oldest Polish investment portals - forex and trading tools. It is an original project launched in 2008 and a recognizable brand focused on the currency market.