Attention: Do Not Fall For The Broker Scam TradeFlow Facilitated By MoonPay!

tamir
Tue, 23 Jan 2024 18:10:25 +0000
Black Compliance, CNMV, Illegal Broker Activities, Aim Partners, Flow Trade 24 (Europe), FlowTrade, MoonPay

The Spanish regulator CNMV has issued a warning against the broker TradeFlow which is allegedly operated by Flow Trade 24 (Europe) Ltd, a subsidiary of the FCA-regulated Aim Partners Ltd. We have not found this operator and think it is a fake. The TradeFlow scam abused Aim Partners to pretend respectability to potential victims. Stay far away and protect your financial health.

The Spanish regulator CNMV has issued a warning against the broker FlowTrade which is allegedly operated by Flow Trade 24 (Europe) Ltd, a subsidiary of the FCA-regulated Aim Partners Ltd. We have not found this operator and think it is a fake. The FlowTrade scam abused Aim Partners to pretend respectability to potential victims. Stay far away and protect your financial health.

Capital Gates Key data

Trading names | FlowTrade
Domains | https://flowtrade24.com
Attacking languages | English, French, Spanish, German
Social media | not disclosed

Legal entity

Aim Partners Ltd
Flow Trade 24 (Europe) Ltd

Contact data

Amstelplein 1, Rembrandt Tower, 11th Floor,
1096 HA Amsterdam, Netherlands

Jurisdiction

United Kingdom
Netherlands, Switzerland

Authorization | No

Payment options

debit/credit card, Skrill
crypto

Payment processors | MoonPay
Compliance rating | Black
Warnings | CNMV

Facilitating Payment Processors

In our review on January 23, 2024, we once again found MoonPay as a payment facilitator for the FlowTrade broker scam. MoonPay is deeply integrated into Scam via an API. Anyone who wants to deposit money with FlowTrade can first buy cryptos via MoonPay using a credit/debit card, which are then immediately transferred to the FlowTrade wallet.

We are noticing MoonPay more and more frequently as payment facilitator for unauthorized schemes and scams. Apparently, the KYC/AML does not work with this aggressive crypto payment processor.

Share information

If you have any information about FlowTrade, the other scam brands, their operators, and facilitators, please share it through our whistleblower system, Whistle42.