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Investor alert! DeliTrader broker scam still chasing European victims.

BaFin investigates Delitraders broker scam
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The DeliTrader (www.delitrader.com) broker scam has been on our radar screen for months now, and we brought the first report in September. Various regulators have also issued warnings against DeliTrader. Germany’s BaFin announced investigations in September 2021. In November, the Italian Consob ordered the black-out of the scam’s website. Now, on Nov 29, 2021, Spain’s CNMV warned against the trading fraud. However, the scam is still active. Stay far away, keep your money and spare yourself frustration!

BrandsDeliTrader, EuroCapitals
Legal EntityMiva Solutions LLC
JurisdictionSt. Vincent & The Grenadines
WarningsBaFin, Consob, CNMV

Miva Solutions LLC, registered in St. Vincent and the Grenadines, operates DeliTrader. This offshore entity also operates the illegally active broker EuroCapitals (www.eurocapitals.com). Both brokers are members of the International Financial Market Regulation Center (IFMRC) and thus claim to be regulated. This claim is complete nonsense, of course.

The BaFin points out that IFMRC is neither a nationally nor internationally legitimized supervisory authority. The IFMRC website (www.ifmrc.org) has no imprint, nor is there any indication of the organization’s place of business. It is also unclear who founded it or is a member of this association. IFMRC is not a regulator but a scam-facilitating organization.

CategoriesCNMV CONSOB

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