CySEC-regulated FXVC attacks European consumers with offshore entity Gstaad Brokers
FXVC is operated by Finteractive Ltd, a broker regulated by CySEC with the approved domain www.fxcv.com/eu under the license 238/14. Its offshore entity Gstaad Brokers Ltd, regulated by the FSA in Seychelles, operates on www.fxvc.com/int and illegally solicits EU residents, onboarding them without proper onboarding or KYC and AML verification. In April 2021, the UK FCA banned FXVC for its inappropriate practices, including misleading financial promotions. Moreover, the FXVC trading platform is used by big broker scams.