European regulators warn of 22 forex and crypto scams - including Capital365

The beginning of June is full of a huge list of warnings from European regulators. Forex scams, crypto and clones impersonating legally operating financial companies - these are the entities that hit the "black lists". There are names that investors may associate as similar to those known, for example, by Trading Platform 26, BTCoin Group, Capital365 or Greendax. This is likely to be a deliberate measure to increase the chances of a fraudulent success.

Below we publish a complete list of new entities entered on the alert lists in such countries as Great Britain, Switzerland, France, Austria, Italy and Spain.

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.

FCA warns against 3 scams

British regulator, Financial Conduct Authority (FCA)added 3 entities to the list of warnings. We have a whole range of scams, that is: earning on cryptocurrencies, on a clone pretending to be another company and on a Forex broker. Of course, all three do not have any consent to conduct this type of activity, and they certainly do not provide the services they advertise.

Crypto BTC Earner

• Web page: www.cryptobtcearner.com

Official FCA message

direct energy

Fraudsters use the data of a legally operating entity (the so-called clone), thus trying to increase their credibility.

• Web page: www.direct-energy.ltd

Name of the legally operating entity:

• Direct Trading Technologies UK Ltd
• Reference number: 795892
• Valid domain: www.dttfs.co.uk

Official FCA message

CryptoFirst Fx Miners

• Web page: www.4xempires.com

Official FCA message

Swiss FINMA warns against Capital365

Swiss financial regulator FINMA has issued a warning against one entity that "pretends" to be a Forex broker - Capital365.

Capital365

• Web page: www.capital365.fm

Official FINMA announcement

France warns against 5 entities

French regulator AMF reports 6 scams trying to lure people investing in the Forex market. These are:

buxberg

• Web page: www.buxberg.com

Riptide Fx

• Web page: www.orkanfx.com

BBanc

• Web page: www.bbanc.com

Word Wide Brokers

• Web page: www.ww-brokers.com

Also on FSMA's alert list.

greendax

• Web page: www.greendax.com

Alto Fx

• Web page: www.altofx.com

AMF Alert List

MFSA adds 2 entities to the list

The Maltese financial supervision, MFSA, has published a message in which it informs about the addition of UltimateBitCash and Amrica Fx Trade to the list of illegally operating entities. In both cases, the fraudsters write on their websites that they have all the required approvals and licenses to conduct investment intermediation activities, which is not true. Additionally, UltimateBitCash partially uses the data of a legally operating company.

UltimateBitCash

• Web page: www.ultimatebitcash.com

Official statement of the MFSA

Amrica Fx Trade

• Web page: www.amricafxtrade.com

Official statement of the MFSA

Austria's FMA warns of Social Swap

The Austrian regulator, FMA, announced that three entities were added to the list of warnings.

Greenfield Investment

Scam recidivist. Earlier, this entity was informed by the Polish supervision - KNF. The domains listed are greenfieldinvestment.net and greenfieldinvestment.co.uk. This time, the warning concerns another page belonging to the scammers:

• Web page: www.greenfieldinvestment.pro
• Entity name: Greenfield Investment Limited / Verit Commerce Limited

Official FMA message

financex

• Web page: www.financex.info
• Entity name: Big Box Limited

Official FMA message

ROICRAFT

• Web page: www.roicraft.co

Official FMA message

Italian Consob reports 5 entities

The Italian regulator of financial markets, CONSOB, warns of 5 scams related to both the cryptocurrency market and the currency market. All the sites listed below have been blocked by surveillance, but still, be careful with these entities, because practice shows that it is only a matter of time for new active sites to appear.

Coinevo

• Web page: www.coinevo.io
• Entity name: Lilac Group LLC

In May 2022, another website of this entity was blocked - coinevo.co.

MB Invest

• Web page: www.investmb.eu

BTCoin Group

• Web page: www.btcoingroup.com

Level Profit

• Web page: www.levelprofit.com / www.levelprofit.vip

Trading Platform 26

• Web page: www.tradingplatform26.com

Likely related to Level Profit.

AlphaFxPrime

• Web page: www.alphafxprime.com

Press release CONSOB

3 warnings from Spain

The Madrid regulator CNMV has issued a warning against 3 scams:

Alchemy Markets

• Web page: www.alchemymarkets.com
• Entity name: Alchemy Global Limited

Reco Investing

• Web page: www.recoinvesting.com

Investkaizen

• Web page: www.investkaizen.com
• Entity name: Invest Kaizen Sistemas Integrales De Gestión, SL

List of CNMV Alerts