The KNF enters 3 new scams on the list of warnings: Bbanc, Finance-Invest and Aqua Trade

On October 14, 2022 Polish Financial Supervision Authority added 3 new entities to the list of public alerts. They are: BBanc, Finance-Invest and Aqua Trade. All three illegally provide brokerage services in the CFD market. Details below.

Note on BBanc, Finance-Invest and Aqua Trade

Each of the aforementioned entities was on the list of warnings for the same reason - they do not have the required licenses and permits to conduct brokerage activities in Poland (and the European Union). It also means that with high probability we can talk about typical scams, the only purpose of which is to obtain funds from unaware investors.

The companies use the following websites:

• Bank operates via the internet platform https://www.bbanc.com
• Finance-Invest operates via the internet platform https://finance-invest.org
• Aqua Trade operates via online platforms https://aquatrade.cc and https://aquatrade.ws (currently blocked)

Be vigilant - scammers often return with only slightly modified names or websites.

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.