In January 2023, FinTelegram warned against the broker scam Portrades, operated through Bulgarian boiler rooms and the offshore entity Signix Ltd, registered in the Marshall Islands. Bulgarian Tera Solutions was the payment agent. As a payment facilitator, we have once again discovered ShinePays, which processes victims’ credit/debit card deposits. We hear that Portrades vanished with the victims’ money, and they did not pay their affiliates.
Key Data
| Trading name | Portrades |
| Related scams | Xprestrade, BenneFX |
| Scam activity | Forex and CFD broker |
| Domains | https://portrades.com https://port-trades.com https://por-trades.com |
| Social media | LinkedIn, Twitter |
| Legal entities | Signix LTD, Marshall Islands Tera Solutions EOOD, Bulgaria |
| Jurisdictions | Marshall Islands, Bulgaria, South Africa |
| Authorization | No |
| Contact data | 1800-121-3637 +91 555 234-8765 |
| Payment options | Credit/debit card |
| Payment processors | ShinePays (https://gate.shinepays.com) |
| Warnings | ASC |
Report Scammers
If you have any information about the vanished broker scam Portrades, or other scammers and their facilitators, please let us know via our whistleblower system, Whistle42.
