R4I – Vanishing FasTrading and UpCFDs broker scams

Investor warning FasTrade and UpCFDs broker scams
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Since around the beginning of 2021, the two broker scams FasTrading (www.fastrading.com, www.fastrading.co and www.fastrading.net) and UpCDFs (www.upcfds.com and www.upcfds.info) have been on the move, attacking consumers in Europe. TLM Global Services Ltd is stated as the operator of the FasTrading scam. The operator of the UpCFDs scam is said to be Top Solution Ltd. Both companies are registered in St. Vincent and the Grenadines at the same address. There resides the notorious company builder Wilfred Services Ltd who builds these offshore entities for scammers. The FMA has recently issued a warning against UpCFDs.

On FasTrading‘s Facebook page, some victims have already come forward with postings and scam warnings in February 2021. As a result, FasTrade went silent on Facebook and stopped making new postings. The UpCFDs scam has also gone silent on its Facebook page since February 2021.

While FasTrade has been attacking victims in English, Arabic, and Russian, the UpCFDs scam has been attacking victims in German and Croatian. Currently, it looks like both scams have already more or less disappeared.

We would like to know who is behind this scam. Who are the beneficial owners, who operate(d) the boiler rooms, and what payment processors did the scams work with? If you have any information about this, we would be grateful if you could share it with us. Would you please use our Whistle42 whistleblower system?


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