European regulators warn of 25 Forex / Crypto scams

There is a real flood of new alerts against illegal actors. Among them are typical forex and cryptocurrency scams, the only purpose of which is to extort funds from unaware investors who have not even tried to create a neatly made website. There are also scammers who use the data of legally operating companies, impersonating them (so-called clones), thanks to which they want to increase their credibility and mislead inattentive traders. However, the goal is the same - to take advantage of inattention and seize funds from victims who wanted to invest in Forex, stocks and cryptocurrencies.

Below we publish a total of 25 warnings from regulators in countries such as the United Kingdom, Malta, Austria, Switzerland 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 13 actors

The British regulator is not slowing down. Financial Conduct Authority (FCA) is one of the leading institutions in terms of the number of published warnings against illegal companies from the Forex / cryptocurrency industry. This time the "black list" was extended by another 13 positions. These are:

Fortrades Ltd (clone)

• Web page: www.fortradesltd.com
• Entity name: Fortrades Limited

This entity uses the data of a legally operating company, thanks to which it tries to gain trust among potential victims.

Data of a legally operating company:

• Entity name: Fortrade Limited
• Reference number: 609970
• Correct site: www.fortrade.com

Official FCA message

Asset Exchange Holdings (clone)

• Web page: www.assetexchangeholdings.com / www.assetexchangeholdingsltd.com

This entity uses the data of a legally operating company, thanks to which it tries to gain trust among potential victims.

Data of a legally operating company:

• Entity name: The Asset Exchange Ltd
• Reference number: 729827
• Relevant site: www.thecarloancentre.co.uk

Official FCA message

Crypto Capital Invest

• Web page: www.cryptoncapitalinvest.com
• Entity name: Crypto Capital Invest Limited

Official FCA message

Cryptocurrency Trading Limited

• Web page: www.cryptocurrencytradinglimited.com
• Entity name: Cryptocurrency Trading Limited

Official FCA message

GlobalCryptoMart

• Web page: www.globalcryptomart.xyz
• Entity name: Ultra-Cinbase Limited

Official FCA message

Broker Express LTD (clone)

• Web page: www.brokerexpressltd.com

This entity uses the data of a legally operating company, thanks to which it tries to gain trust among potential victims.

Data of a legally operating company:

• Entity name: Broker Express Limited
• Reference number: 781430

Official FCA message

AFL Planning (clone)

• Web page: www.aflplanning.com

This entity uses the data of a legally operating company, thanks to which it tries to gain trust among potential victims.

Data of a legally operating company:

• Name of the entity: AFL Financial Planning Services Limited
• Reference number: 516642
• Correct site: www.aflfp.com

Official FCA message

Auxi Market

• Web page: www.auximarket.com

Official FCA message

Traders-Income Ltd

• Web page: www.traders-income.ltd
• Entity name: Traders Income Limited

Official FCA message

CFX Golden Trade

• Web page: www.cfxgoldentrade.com

Official FCA message

Crypto Market International

• Web page: www.cryptomarket.international

Official FCA message

AFW Associates LLC

• Web page: www.afwassociatesllc.com

Official FCA message

AOL Global Investment Capital

• Web page: www.aolinvestmentcapital.com

Official FCA message

Switzerland issues two warnings

Swiss financial supervision, FINMA, warns against:

Abaton Finance Limited (clone)

• Web page: www.abatonfinancelimited.com

This entity uses the data of a legally operating company, thanks to which it tries to gain trust among potential victims.

Data of a legally operating company:

• Name of the entity: ABATON FINANCE SA

Official FINMA announcement

SwissActive

• Web page: www.swissactive.eu

Official FINMA announcement

The Austrian FMA warns against 2 scams

The Austrian supervisory authority FMA warns against:

InvestingExpert

• Web page: www.investingexpert.co

Official FMA message

24FB Trade

• Web page: www.24fb-trade.com
• Entity name: Facebook Trade Limited

Official FMA message

Malta warns against Perfect Choice Trade

MFSA, the regulator of financial markets in Malta, warns against:

Perfect Choice Trade

• Web page: www.perfectchoicetrade.com

Official statement of the MFSA

CNMV from Spain warns against 7 scams

The Spanish regulator, CNMV, announced the addition of 7 entities to the list of warnings:

IMMEDIATE EDGE PRO

• Web page: www.immediate-edge.co / www.immediateedgepro.com

Finu Trade

• Web page:www.finutrade.com
• Entity name: Shadorte Limited

AIKO

• Web page:www.aiko.io

RoyalFX24

• Web page: www.royalfx24.com

magicodao

• Web page:www.magicodao.com

Place Trade

• Web page: www.placeatrade.com
• Entity name: Focus Markets LLC

IB Finance

• Web page: www.ib-finanzas.com
• Entity name: SunMedia LLC

Official CNMV Alert List