The German regulator BaFin warns against the Pioneer Trade Ltd crypto investment scheme, allegedly operated by the UK-registered Pioneertrade Ltd or Digital Currency Group. Bafin points out that this scheme does not have a license to conduct banking business or provide financial services. The UK Companies House lists Hamza Iftikhar, a Pakistani, as director and beneficial owner. The website promises up to 3,000% profits within six months. Stay very far away!
Key Data
| Trading name | Pioneer Trade Ltd |
| Activity | Crypto investment scheme |
| Domain | https://pioneer-tradeltd.com |
| Legal entity | Pioneertrade Ltd |
| Related individual | Hamza Iftikhar |
| Jurisdiction | United Kingdom |
| Authorization | No |
| Warning | BaFin |
Short Narrative
The Profit Trade Ltd crypto scheme offers various investment plans on its website that promise up to 50% returns over 30 days. Deposits are only possible via cryptocurrencies. Stay very far away from this crypto scheme and save yourself from financial losses.
Share Information
If you have any information about Profit Trade Ltd, its operators and facilitators, please let us know via our whistleblower system Whistle42.
