KNF warns against Traderprof and EZCFDs

March 7, 2022 Polish Financial Supervision Authority added three new entities to the list of warnings - Soft Update Ltd to which the brand belongs Traderprof / Trader Prof and Xvector LTD and GW Global solutions LTD, who manage the brand EZCFDs / EZ CFDs. We warn you against using the services of these companies. Details below.

Note on TraderProf and EZ CFDs

The crusade of the Polish regulator continues. We are regularly informed about adding new entities to the KNF's "black list" that operate illegally, and most often their only goal is to obtain as many funds as possible from unaware investors in the shortest possible time. The techniques are the same all the time, but we regularly receive signals from readers that scammers are becoming more and more insolent and are trying to "squeeze out" the last penny from the injured.

We warn you against falling into the tricks of frauds, such as:

• a request to delegate access to the computer by AnyDesk or other external software,
• providing access to bank accounts, investment or cryptocurrency wallets,
• buying financial instruments based on the recommendations of calling "brokers",
• depositing funds via crypto exchange offices or to external crypto wallets,
• adding funds to the account to allow us to withdraw the deposit (pretexts vary, e.g. tax).

Coming back to the KNF statement. 3 entries have been added to the list of warnings. Those are:

• Soft Update Ltd (operating at: www.traderprof.com, www.traderprof.club, www.traderprof.today, www.traderprof.online, www.traderprof.biz, www.traderprof.review, www.traderprof.blog) , www.traderprof.website, www.traderprof.best, www.traderprof.live and www.traderprof.xyz),
• Xvector LTD based in St. Vincent and the Grenadines (owner of the domain https://ezcfds.com/),
• GW Global solutions LTD based in St. Vincent and the Grenadines (the entity is responsible for the execution of transactions on financial instruments on the forex platform operated at https://ezcfds.com/).

The KNF announcement states that the reason for entering on the list in the case of all three entities is the notification concerning the suspicion of committing a crime under Art. 178 of the Act on Trading in Financial Instruments, i.e. conducting activities in the field of trading in financial instruments without the required permit or authorization. The proceedings were initiated by the KNF Office and the case is being conducted by the District Prosecutor's Office in Warsaw.

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.