FCA warns against PumaTS scam RoyalStox with Praxis Cashier

FCA warns against RoyalStox of PumaTS and Leverate network
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The UK regulator FCA has issued an investor warning against the scam broker RoyalStox (www.royalstox.com). Marom Partners Limited operates this on St. Vincent and the Grenadines. The scam is part of the PumaTS network and connected to their Activ8 trading servers. It’s another full-blown scam without any special features. The scam works with the payment processors Praxis Cashier and QubePay for crypto payments. Both are integrated into the scheme’s PayBox.

Praxis Cashier

It is indeed the case that the integration of Praxis Cashier with a broker represents an initial warning signal. Amit Klatchko‘s PayTech is, of course, also used by regulated providers. Still, the majority of clients come from the grey and black markets. Praxis Cashier System Ltd, registered in Cyprus since August 2016, is not a regulated payment processor and, to the best of our knowledge, does not hold a license under any regulatory regime. Klatchko likes to boast that it has integrated considerably more financial service providers into its platform (www.praxiscashier.com) than its competitors.


The payment platform QubePay (www.qubepay.com) which has been in operation since 2016, is operated by Qubic Financial Services Ltd, which is registered in Dublin, Ireland, with the Company Number: 595296. The only appointed director is the Brit Soneya Khan. The Irish entity has the UK subsidiary QubePay Limited which runs the crypto payment platform www.qubepay.co.uk. The QubePay group of companies is controlled by the UK-registered Compose Finance Ltd (Companies House) controlled by the Swedish financial and security export Jacob Felix Parker-Bowles (see his website).

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