The Polish Financial Supervision Authority warns against Forus Capital, Medco Finance and MyProfitLive Trading

On October 27, 2023 Polish Financial Supervision Authority announced that three new entities posing as operating in the investment / Forex industry have been added to the list of public warnings - these are Forus Capital, Medco Finance Limited and MyProfitLive TRADING. Details below.

Watch out for these entities!

The KNF's public warning list is a collection of entities that violate Polish law regarding banking and investment activities. As a rule, these are ordinary fraudsters who operate illegally, without appropriate consents and licenses, and their only goal is to extort funds from unaware investors.

This time, the following three entities were added to the list. All websites have already been effectively blocked/disabled, but don't let that fool you. Often, scammers return with only slightly modified names of their "companies" and website addresses, and then continue their criminal activities.

The KNF warns against:

• platform Forum Capital operating using the website www.foruscapital.ltd
• Medco Finance Limited based in Great Britain, operating through the website www.medcofinance.com
• MyProfitLive TRADING (also operating under the name Myprofitlive Services LLC), operating through the online platform https://myprofitlive.com/

Stay alert!

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.