Attention! UK regulator warns against GS4Trade broker scam

FCA and BaFin warn against Gs4Trade broker scam
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TODAY, the UK Financial Conduct Authority (FCA) issued an investor warning against the GS4Trade (www.gs4trade.com) broker scam running on the SIRIX platform of Israeli Leverate. The scam is allegedly operated by GS4trade Invest Limited, which is registered in the Marshall Islands. GS4Trade attacks consumers in English and German languages. A German phone number for support is provided. The social media icons attached to the website are not linked to any accounts, typical for scams. Stay far away and save yourself money and frustration.

Already in July 2021, the German regulator BaFin had warned against GS4Trade and announced the launch of an investigation. A few days ago, BaFin updated its warning and informed that the boiler room agents behind GS4Trade claim that they would be regulated and supervised by the UK FCA to their (potential) victims. This would not be true, BaFin states.

On Trustpilot, GS4Trade has a 2.6-star rating with a corresponding “Poor” trust level.

If you have any information about the GS4Trade scam, its operators, and its facilitators, we would be grateful if you share it with us.

CategoriesBaFin FCA

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