The German regulator BaFin has issued a warning against the MajorTrade broker scam allegedly operated by Cynosure Consulting Ltd, registered in the Commonwealth of Dominica. This white-label scam currently appears to be increasingly targeting German-speaking customers who may lose their money with credit and debit cards as well as crypto deposits. Please stay very, very far away from MajorTrade and save yourself financial losses as well as misuse of your personal data.
Key Data
| Trading name | MajorTrade |
| Domains | https://majortrade.co https://webtrader.majortrade.cc |
| Legal entity | Cynosure Consulting LTD |
| Jurisdiction | Commonwealth of Dominica |
| Attacking languages | English, Spanish, Italian, Russian, Polish, German |
| Contact data | +48838881134 +74953744106 |
| Payment options | Credit and debit card crypto |
| Payment processor | ABNCBP cashier |
| Warning | BaFin |
Short Narrative
The content of the website and the information available to BaFin justify the assumption that unauthorized banking transactions or financial services are being offered in Germany via the platform. The website indicates an address in Dominica as the place of business. The responsible persons explain to the customers, among other things, that the company is licensed in Germany. This is not the case, according to BaFin.
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If you have any opinions about our warning, feel free to comment. If you have any information about MajorTrade, please share it with us via our whistleblower system, Whistle42.
