Beware of 30 new investment scams, including an XTB clone!

The first half of December 2023 is full of further announcements about investment frauds detected in Europe. As many as 30 Forex, crypto and AI-related scams appeared on the warning lists of regulators from countries such as Italy, Great Britain, Luxembourg, France and Greece. 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 XTB, using the name XTBCO Ltd. 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.

Italy – Commissione Nazionale per le Società e la Borsa

The Italian supervision authority CONSOB warns, among others: against a clone pretending to be a legally operating XTB broker and 5 other entities.

XTBCO

• Web page: xtbco.com
• Entity name: Xtbco Ltd

FXCrue

• Web page: fxcrue.com

Sgbfinancesa.io

• Web page: Sgbfinancesa.io

Ariel System

• Web page: arielsystem.pro

Fxg Markets Investment

• Web page: fxgmarkets.com

Link Financial Limited

• Web page: linkfinancialltd.com

Official CONSOB warning list

Great Britain – Financial Conduct Authority

FCA, the UK regulator, warns against 4 investment scams, including one clone impersonating a legally operating company.

Highworld Capital Associates Llc

• Web page: highworldcapitalassociates.com

Forex Demystified

• Web page: forexdemystified.org

Fx Advance Trade Global

• Web page: fxadvancetradeglobal.com
• Entity name: Fxadvance Tradeglobal Ltd

Ziraat Bankasi (maple)

• Web page: Ibank.ziraatbintl.com

Official FCA Alert List

AMF warnings

The French regulator AMF has included as many as 18 entities on the list, although these are mainly variations of two different names. It is also clear that artificial intelligence (AI) is a new trend that has also been picked up by fraudsters.

Iimmediateconnect.ai

• Web page: Iimmediateconnect.ai

Immediateconnect.co

• Web page: Immediateconnect.co

The-immediateconnect.com

• Web page: The-immediateconnect.com

Immediateconnect.com

• Web page: immediateconnect.com

Immediate-connect.com

• Web page: Immediate-connect.com

Immediategranimator.org

• Web page: Immediategranimator.org

Immediategranimator.com

• Web page: Immediategranimator.com

Immediategranimator.io

• Web page: Immediategranimator.io

Immediateconnect.org

• Web page: Immediateconnect.org

Immediateconnect.me

• Web page: Immediateconnect.me

Immediateconnect.com

• Web page: Immediateconnect.com

Granimator.org

• Web page: Granimator.org

Augworldi.com

• Web page: Augworldi.com

Immediatebitcoin.io

• Web page: Immediatebitcoin.io

Granimator.me

• Web page: Granimator.me

Granimator.live

• Web page: Granimator.live

Quantumprimeprofit.io

• Web page: Quantumprimeprofit.io

Official AMF Alert List

The Greek regulator HCMC warns

HCMC, the financial supervision authority from Greece, has included one entity on the warning list:

tradingav.org

• Web page: tradingav.org

Official HCMC warning list

CSSF Warnings

The Luxembourg regulator, CSSF, warns against the scam:

Lux-bond

• Web page: lux-bond.com

Official CSSF Alert List