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Watch out for these entities. New warnings from Great Britain, Switzerland and Italy
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Watch out for these entities. New warnings from Great Britain, Switzerland and Italy

created Paweł MosionekNovember 7 2019

Three European regulators have announced in recent days that large numbers of entities operating on the Forex and cryptocurrency market have been added to the public warning lists. We warn against establishing any cooperation with the following companies.

6 sites blocked in Italy

CONSOB, or the Italian Commission for Stock Exchanges and Companies, announced the blocking of six websites belonging to illegally operating brokers on the Forex and cryptocurrency market. Among them is Aspen Holding, a company also known as Maxitrade and present on the list of public warnings of the PFSA from July this year


How to recover funds from a fraudster

MyChargeBack.com is an American company specializing in the recovery of funds extorted by unreliable companies and "scams" pretending to be honest Forex brokers, binary options brokers and cryptocurrency projects. If you've been scammed, there's a good chance that MyChargeBack.com will be able to help you!


Sites reported for blocking:

  • TomCom Limited - royalfxpro.eu;
  • Bonatech Ltd and Mitchell Group EOOD - ccxcrypto.com;
  • Next Trade Ltd and TLC Consulting Ltd - aspenholding.co and aspen-holding.com;
  • Trader Platinum - traderplatinum.com;
  • London Capital Trade Ltd - londoncapitaltrade.net.

Official CONSOB warning list

Maxitrade with a new name

Continuing the thread of Maxitrade, one of the loudest forex scams this year. Business Prometheus Ltdwho manages the site dowmarkets.com, it uses a fake license number on its website and provides a registration address identical to the one used by Maxitrade. This is probably another "brand" under which fraudsters operate.

Subject data:

  • Website: dowmarkets.com
  • Email: support-pl@dowmarkets.com
  • Tel: +48 2229 222 64
  • Address: Suite 305, Griffith Corporate Center, POBox 1510, Beachmont, Kingstown Saint Vincent and the Grenadines

Identical address data is also used by the parties:

  • forexminister.com
  • tradegf.com
  • maxitrade.com

Be sure to read: How to recover funds from Maxitrade [reader article]


Swiss warnings

FINMA, the institution regulating the Swiss financial market, announced that 4 entities were placed on the list of warnings. In each case, the reason is the same - not having the appropriate license and / or permits to provide financial services in Switzerland.

ProCapitalMarkets / Pro-CM LTD

  • Website: procapitalmarkets.com
  • Email: support@procapitalmarkets.com
  • Tel: +442039661938
  • Address: Suite 305, Griffith Corporate Center, Beachmont, Kingstown, Saint Vincent and the Grenadines

Official FINMA announcement

Pearl Bridge Financial

  • Website:  pearlbridgefinancial.com
  • Email: admin@pearlbridgefinancial.com
  • Tel: 0203 951 7010
  • Address: Klausstrasse, 8001 Zürich, Switzerland

Official FINMA announcement

HELVETIC PRIVATE CAPITAL GROUP AG

  • Website: helvetic-private-capital.ch
  • Address: Route de Divonne 45, 1260 Nyon, Switzerland

Official FINMA announcement

Globalpa AG (clone Globalpa Corporation AG)

  • Website: globalpa-ag.com
  • Email: info@globalpa-ag.com
  • Tel: +41445869730
  • Address: Chamerstrasse 172, 6300 Zug, Switzerland

Official FINMA announcement

Note on European Investment Trading

British regulator FCA added an entity called European Investment Trading to the list of warnings. The reason is the lack of a license and permits to conduct brokerage activities in the territory of Great Britain. The company has many registration addresses - from Ireland, through Germany, to Hong Kong.

  • Website: eiat.com
  • Email: europe@eiat.com; hongkong@eiat.com; info@eiat.com; dubai@eiat.com
  • Tel: 02037693438
  • addresses: First Floor Templeback, 10 Temple Back, Bristol, BS1 6FL, United Kingdom; LHT Tower, 31 Queens Road Central, Hong Kong; Gold and Diamond Park, 4th Interchange, Sheikh Zayed Road, Dubai, United Arab Emirates; OpernTurm, Bockenheimer, Landstraße, 60306, Frankfurt am Main, Germany

Official FCA message

We warn against using the services of unlicensed companies. Before opening an account, always make sure that the broker has the appropriate regulations and permits from the indicated institution supervising the financial market.

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About the Author
Paweł Mosionek
An active trader on the Forex market since 2006. Editor of the Forex Nawigator portal and editor-in-chief and co-creator of the ForexClub.pl website. Speaker at the "Focus on Forex" conference at the Warsaw School of Economics, "NetVision" at the Gdańsk University of Technology and "Financial Intelligence" at the University of Gdańsk. Twice winner of "Junior Trader" - investment game for students organized by DM XTB. Addicted to travel, motorbikes and parachuting.