Attention! PandaTS-powered broker scam stoxDC attacks European consumers!

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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.

Key data

Trading namestoxDC
Domain registrarNameCheap
Legal entityHeimdall Developments Ltd
JurisdictionCommonwealth of Dominica
Attacking languagesEnglish, Spanish, German
Related scamsDaxiron, Marketrip, Coinnery,
Moneta Markets, Evest,
via vendor IDs 01b873028f9a3983a45f
and 6bfd77a231a34cc5ac8f
Payment processorsSysPG (https://syspg.net)
AdvCash (www.advcash.com)

The narrative

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.

Discuss or share

Should you want to state your opinion on this stoxDC report, please feel free to leave a comment. You can also confidentially share information about the scam and its platform operator PandaTS with us through our whistleblower system, Whistle42.

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