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stoxDC is another illegal broker on the PandaTS white-label broker platform. Heimdall Developments Ltd, registered in the Commonwealth of Dominica, allegedly operates the scheme. The payment gateway is operated by the anonymous Hong Kong-based SysPG (https://syspg.net). Customers can make deposits using credit and debit cards and AdvCash. For deposits via AdvCash, Website2 (https://website2.website) is acting as a fake merchant. We were alerted by a victim of the stoxDC broker scam that this and other broker scams until recently operated under the same PandaTS Vendor ID.
Key data
| Trading name | stoxDC |
| Domain | www.stoxdc.com |
| Domain registrar | NameCheap |
| Legal entity | Heimdall Developments Ltd |
| Jurisdiction | Commonwealth of Dominica |
| Platform | PandaTS |
| Attacking languages | English, Spanish, German |
| Related scams | Daxiron, Marketrip, Coinnery, Moneta Markets, Evest, via vendor IDs 01b873028f9a3983a45f and 6bfd77a231a34cc5ac8f |
| Payment processors | SysPG (https://syspg.net) AdvCash (www.advcash.com) |
The narrative
The noteworthy thing about stoxDC and the documents provided by a whistleblower is that they prove that PandaTS operates many illegal brokers and broker scams. Moreover, the information suggests that the very same PandaTS clients operate a portfolio of illicit PandaTS broker platforms. The Israelis Mahor Lahav and Shmuel Gutman are the well-known owners of PandaTS.
It is also interesting that deposits from stoxDC victims are settled through the Belize-registered payment processor Advanced Cash Limited d/b/a AdvCash via the fake merchant Website2. The website provides the Indian phone number +91 8527758839 for contact purposes.
Discuss or share
Should you want to state your opinion on this stoxDC report, please feel free to leave a comment. You can also confidentially share information about the scam and its platform operator PandaTS with us through our whistleblower system, Whistle42.
