FinTelegram has warned about the IGC Markets (www.igcmarkets.com) broker scam several times. Today, the scam is being promoted by the fraudulent marketing campaign Bitcoin Prime via the website https://xwdtbrshkv.xyz/bitcoin-prime/ and mainly targets German-speaking victims. As a payment processor, we have discovered the mysterious crypto payment processor Coinsxo (www.coinsxo.com) in BoxiPay cashier. Its website does not provide any information about the legal entity of the operator. Cyprus is stated as the Coinsxo jurisdiction.
The Coinsxo crypto payment processor also works with the domain www.zcoinpay.com and performs the checkout for IGC Markets through the domain https.//checkout.zcoinpay.com).
The offshore entity MaxxMedia LLC, registered in St. Vincent & The Grenadines, is the alleged operator of the scam. The Austrian Financial Market Authority (FMA) has followed with a warning against IGC Markets today. Do not fall for this scam and avoid registering with fraudulent marketing campaigns at all costs. On Trustpilot, IGC Markets has a 2.7-star rating with a corresponding “Poor” trust level.
