The UK Financial Conduct Authority (FCA) has issued an investor warning against the broker scam RedRock500 (www.redrock500.com). The website does not provide any information about the operators of the scam. Estonia is stated as the competent jurisdiction in the Terms and Conditions. A business center in Limassol is given as the address. Deposits are possible only after contacting boiler room agents a/k/a account manager. RedRock500 is an AirSoft white-label scam.
The German regulator BaFin issued a Cease and Desist Order against RedRock500 back in July 2021. In April 2021, the German law firm Resch, specializing in investor protection, issued a fraud warning against the scam. On Trustpilot, the broker has received a 2.3-star rating with a corresponding “Poor” trust level. It seems that the scam is already in the final phase of its “rip-off cycle” and will soon disappear altogether.
If you have information about RedRock500‘s operators and facilitators, please share it with us through our whistleblower system, Whistle42. We have also recently issued a Request 4 Information regarding AirSoft. We would appreciate any additional information on this as well.
