European regulators warn of 12 Forex / Crypto scams

The beginning of June is full of warnings against scams operating under the guise of the Forex market and cryptocurrencies. Below is a list of illegal entities that are warned against by regulators from such countries as Switzerland, Spain, Luxembourg, France, Great Britain, Germany and Poland - a total of 12 entities were entered on the "black lists". We warn you against using the services of these companies and we recommend vigilance when establishing new cooperation with unknown brands.

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 Crypto Gain Trading

British regulator, Financial Conduct Authority (FCA), informed about illegal activities carried out under the website www.cryptogaintrading.com. The Crypto Gain Trading entity does not have any permits, yet offers brokerage in financial instruments.

Crypto Gain Trading

• Web page: www.cryptogaintrading.com
• Entity name: Crypto Gain Trading

Official FCA message

IsTrade on the Swiss list of warnings

Swiss financial regulator FINMA warns of an offshore entity that offers brokerage in Forex, commodities, stocks, bonds and a whole bunch of CFDs. Interestingly, the website he runs is available in as many as 6 languages, including Polish and Indian.

isTrade

• Web page: www.istrade.cc
• Entity name: Dulcet Group LLC

Official FINMA announcement

German BaFin warns against 2 scams

BaFin, the German regulator of financial markets, added two entities to the "blacklist":

Flip Access

• Web page: www.flipaccess.com
• Entity name: Flip Access PLC

Official BaFin announcement

Win ICoins

• Web page: www.winicoin.com

Official BaFin announcement

The Polish PFSA adds 2 entities to the list

Over the last year, the Polish Financial Supervision Authority has taken a firm grip on illegally operating entities and practically every month adds a few, and sometimes even a dozen or so, new items to the list of warnings. This time it was LiteGap and InvestPark. In both cases, the websites are no longer functional. Other regulators have already warned against LiteGap, including from France.

LiteGap

• Web page: www.litegap.com

Official communication from the Polish Financial Supervision Authority

Finu Trade

• Web page: www.investpark.biz
• Entity name: Investpark.biz Sp. z o. o. with its seat in Bielsko-Biała

Official communication from the Polish Financial Supervision Authority

CNMV from Spain warns against 2 scams

The Spanish regulator, CNMV, announced the addition of 2 entities to the list of warnings:

Alliance Investment

• Web page: www.allianceinvest.co

Bliz Trades

• Web page: www.bliztrades.com

Official CNMV Alert List

French AMF adds 3 entities to scam lists

AMF, the French financial supervision authority, announced that the list of warnings was extended by 3 items. These are:

TradeHorizon

• Web page: www.trade-horizon.com

Trade Horizon 2

• Web page: www.tradehorizon2.com

Merger Capital

• Web page: www.mergers-capital.com

Official AMF Alert List

Luxembourg regulator warns against Extra Global Trading

Finally, a warning from Luxembourg. The financial supervision there, the Commission de Surveillance du Secteur Financier (CSSF), included an entity called Extra Global Trading on the list of warnings, which operates the website www.extragt.com. Reason? Of course, the lack of permits to conduct investment intermediation activities, as well as impersonating a legally operating company - Global Asset Advisors & Management SA.

Extra Global Trading

• Web page: www.extragt.com

Official CSSF Alert List