Regulators warn against 29 new Forex/Crypto scams

The beginning of October 2023 brings another large pool of warnings against Forex and Crypto scammers. This time, regulators from countries such as Great Britain, Canada, Italy, Greece, Japan and New Zealand warn against 29 entities. These are both "illegals" Forex/CFD brokers, as well as clones that impersonate legally operating companies and entities simulating activities in the cryptocurrency industry. The list included, among others: a scam that pretends to be Dukascopy Bank, using the name Dukasbanka. Details below.

We recommend that you be particularly vigilant when establishing new cooperation and warn against using the services of unregulated entities.

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.

Below we present a list of entities included in the warning lists divided by countries/regulators who decided on it.

Greece – Hellenic Capital Market Commission

• HOTCAPITALSTOX.COM

Great Britain – Financial Conduct Authority

• citynationfx-trading
• CRYSTAL FX
• GBG Limited / gbglmtd.com (clone of a legally operating company)
• Asset Flow Traders
• GainGround

Italy – Commissione Nazionale per le Società e la Borsa

• Stockplus-it.com
• Alfacapitalmarketsltd
• Fintech Market
• AfexEU
• Aiontrader

Romania – Financial Supervisory Authority

• BITCOIN ERA (https://bitcoin-era.ro)
• SAFE INVESTMENT GROUP LLC / BRIDGEWATER ASSOCIATES (UK) LIMITED / BRIDGEWATER ASSOCIATES LT / RCE BANQUE – https://rcebanque.company/, https://rcebanque.org/, https://rcebanque.tech/, http:// capital-group.tech/

Canada – Ontario Securities Commission

• BMG Crypto
• Trader-CR
• FirstCapital1
• Megahodl Limited
• Quantum Code
• Mobilizoptions aka MobilizOptions LTD
• GoldnRise aka GoldNrise
• Investus Pro aka Invest US Pro
• Nexon Groups
• Dukasbance (clone of a legally operating company)
• CA Trade Pro
• CONNFT.AI

France – Autorité des marchés financiers

• Atypical investments

Japan – Financial Services Agency

• FairGrowth Investment Management Ltd
• HLMI Markets International Limited

New Zealand – Financial Markets Authority

• brownprime
• Finex Group