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Whistleblower Call – Please let us know more about Bulls&Bears Trades scam!

Spread financial intelligence

In recent days, the UK FCA and the Spanish CNMV have warned about the broker scam Bulls&Bears Trades (www.bullsbearstrades.com). The alleged operator listed on the website is Bulls&Bears Trades Limited, with an address in London. The website claims that this operating entity is FCA-regulated providing the data of the FCA-regulated company Exinity UK Ltd, which is supervised by the UK regulator with the reference number 777911. Please let us know more about this scam and its operators.

This firm is not authorised or registered by us but has been targeting people in the UK, claiming to be an authorised firm. This is what we call a ‘clone firm’; and fraudsters usually use this tactic when contacting people out of the blue, so you should be especially wary if you have been cold called.

UK Financial Conduct Authority warning

As payment processors, we have once again discovered ABNCBP cashier, through which customers can lose their money via credit and debit card deposits. As another payment option, credit and debit card deposits are possible via the SecurePaymentGateway (www.seucrepaymentgateway.io). And finally, Flutterwave (www.flatterwave.com) is also available for deposits. Stay far away from Bull&Bears trades. Save yourself from losing your money, having your data stolen and misused, and the frustration that comes with it.

We would like to know who is running the scam. If you have any information about it, please share it with us through our whistleblower system, Whistle42.

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