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stoxDC is another illegal broker on the PandaTS white-label broker platform. Heimdall Developments Ltd, registered in the Commonwealth of Dominica, allegedly operates the scheme. The payment gateway is operated by the anonymous Hong Kong-based SysPG (https://syspg.net). Customers can make deposits using credit and debit cards and AdvCash. For deposits via AdvCash, Website2 (https://website2.website) is acting as a fake merchant. We were alerted by a victim of the stoxDC broker scam that this and other broker scams until recently operated under the same PandaTS Vendor ID.
|Legal entity||Heimdall Developments Ltd|
|Jurisdiction||Commonwealth of Dominica|
|Attacking languages||English, Spanish, German|
|Related scams||Daxiron, Marketrip, Coinnery,|
Moneta Markets, Evest,
via vendor IDs 01b873028f9a3983a45f
|Payment processors||SysPG (https://syspg.net)|
The noteworthy thing about stoxDC and the documents provided by a whistleblower is that they prove that PandaTS operates many illegal brokers and broker scams. Moreover, the information suggests that the very same PandaTS clients operate a portfolio of illicit PandaTS broker platforms. The Israelis Mahor Lahav and Shmuel Gutman are the well-known owners of PandaTS.
It is also interesting that deposits from stoxDC victims are settled through the Belize-registered payment processor Advanced Cash Limited d/b/a AdvCash via the fake merchant Website2. The website provides the Indian phone number +91 8527758839 for contact purposes.
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