In March 2021, we issued an investor warning against the broker scam Crystal Ball Markets (www.crystalballmarkets.com), mainly active on Instagram and social media. The scam operator is Crystal Ball Markets LLC, registered in January 2020 with registration number 262. The offshore entity was founded by the notorious company builder Wilfred Services Ltd. Since March 2021, the supporting payment processors have changed. Currently, the (potential) victims are asked to make their deposits primarily through PayPal or via cryptocurrencies. Stay away! Stay happy!
Amazingly, PayPal supports illegally acting financial service providers like Crystal Ball Markets. We believe that this violates PayPal’s terms and conditions. iPayTotal was the preferred payment processor until March, but it collapsed and disappeared in the spring of 2021.
Fortunately, Crystal Ball Markets is unlikely to be particularly successful. On Instagram, the scam broker is followed by just 258 people, 91 people like the Facebook page, and on Twitter, you can see 5 followers. Do not fall for the scam and stay far away.