FinTelegram and EFRI recently launched the EFRI PSP Class Action Campaign to uncover payment service providers (PSPs) that support and facilitate illegal broker schemes such as XTraderFX, SafeMarkets, Golden Markets, Option888 or
Identified Payment Services Providers
Find below the list of recently uncovered PSPs working with illegal broker schemes for bank wires. Unfortunately, all of those uncovered illegal PSPs are either EU-registered companies and/or are working with EU banks mostly in Germany and Hungaria. We advise not to make any transactions and/or bank wires with these illegally operating PSPs:
|WORKPLACE CONSULTING GMBH||DE40440100460412627461
|DAVIS CONSULTING AND MORE GMBH||DE11440100460414901469|
|NETWORK CONSULTING GMBH||DE87440100460415570468
|INTELLESTATE BAU GMBH||DE62440100460413173466|
|CROW ESTATE KFT.||HU18104044675052687774541018|
|ARMCORP EAST EUROPE LTD||HU48103000021053115249020016
|GREKQI GROUP S.R.O.||CZ4927000000001026453010|
|W2P SOLUTIONS LIMITED||BG07DEMI92401400206781|
German BaFin Ordered StronIT To Pay Back
We have been informed by EFRI members that the German financial market watchdog BaFin ordered the illegally operating German PSP StronIT (see FinTelegram report) to pay back the remaining money to the clients of illegal broker schemes. FinTelegram reached out to BaFin for a statement and further information.
Report Payment Services Provider
If you are aware of any payment services provider (PSP) working with illegal broker schemes please report them into the EFRI PSP Class Action Campaign.