German BaFin investigates Trade Center broker scam
The German regulator BaFin recently issued a warning against the illegally operating broker Trade Center a/k/a TradeCenter (www.tradecenter.fm) and announced investigations against the Estonian operator Promfix OÜ. Well, better late than never, right? Trade Center is an old scam; in February 2020, the Spanish CNMV issued an investor warning against it. But it is still active! As payment processors, we have found GCG Cashier as well as Netpay International via merchant Vekolle Limited.