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FCA warns against broker scam AccepTrade

ComplianceFCA
Ben
Author: Ben
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FCA warns aganst AccepTrade broker scam
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The UK regulator FCA issued an investor warning against the broker scam AccepTrade (www.acceptrade.com) on September 30, 2020. According to the information on the website, this scam is operated by an AccepTrade Ltd in Dominica. On the scam’s website, an excellent TrustPilot rating of 4.5 stars is shown. However, this rating does not refer to AccepTrade, but to the domain service provider SAV.com which Emerge Media Inc operates.

Payment Processor

The payment processor Paystruct, Klarna, and Transcoin are facilitating the scam. The latter is also used to process Bitcoin deposits from customer-clients. Transcoin (www.transcoin.io) is operated by the Estonian Beldev Consulting OÜ (companies register entry) which holds an Estonian crypto license.

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