German regulator BaFin has issued a warning against LuxTrade a/k/a Monolux Trade Group and announced investigations. The broker scam’s website states Tristan Invest LLC, registered in St. Vincent & The Grenadines, as the operator. The company is not supervised by BaFin. The content on its website justifies the assumption that the company unauthorizedly operates banking business and financial services in Germany, BaFin writes. The payment options did not work today, the scam should be gone soon.
Key Data
| Trading name | Monolux Trade Group Monolux LuxTrade |
| Domain | https://luxtradegroup.de https://luxtradegroup.online |
| Legal entity | Tristan Invest LLC (est. May 2021) |
| Corporate advisor | St. Vincent Trust and Escrow Ltd |
| Jurisdiction | St. Vincent & The Grenadines |
| Payment options | not working |
| Warnings | BaFin |
Share Information
If you have any information about LuxTrade a/k/a Monolux Trade Group, its operators, and facilitators, please let us know through our whistleblower system, Whistle42.
