WIKIFX Warning: Beware of these Domains Owned by a Scam Broker

No fraudster would abandon schemes that are unlawful and immoral yet provide quick money.

According to WikiFX, a Dominican forex business has been defrauding traders since 2020 and has been uncovered. The prior website was up and running before being shut down. It has recently returned with new websites and trade names: Equity Broker and InvestCore.

WikiFX has been monitoring the aforementioned websites in order to prevent unlawful actions. WikiFX is collaborating with 30 financial authorities to identify additional websites held by this single scam forex broker.

A History of Deception with Endless Warnings

The deceptive history of the scheme stretches back to 2020. It utilized the trade name “Paragon Finance” to defraud people that year. The Austrian Financial Market Authority (Austria FMA) revealed the name last year. The authorities' warning websites (www.paragon-finance.io and www.paragon-finance.cc) have now been suspended.

In 2021, the fraudster established three more websites under the trade names PrimoTrade and HashTrade. However, the firm did not change its address and continued to share the Dominica address with Paragon Finance. In that year, BrokersView reported on the experiences of victims duped by the fraudsters (PrimoTrade or HashTrade).

Furthermore, the firm's bold fraud drew the notice of FX authorities.

The UK Financial Conduct Authority (FCA) has warned both PrimoTrade and HashTrade, informing the public that they are not permitted to offer financial services in the UK.

Furthermore, HashTrade was cautioned by the Italy Commissione Nazionale per le Società e la Borsa (CONSOB) and the Austria FMA.

Today's Dominican Scammer

All websites controlled by Praragon Finance, PrimoTrade, and HashTrade are now unreachable. However, the fraudster will not relent once he has tasted the joy of deceit. The company is now known as Xertz Consulting Ltd, and it uses Equity Broker and InvestCore to continue its fraudulent activities. It has not, however, altered its address. The following websites are in operation: “https://equity-broker.co/,” “https://investcore.pro/,” and “https://investcore.ltd/.”

Nonetheless, the German and Spanish forex authorities, BaFin and CNMV, have become aware of the fraud, particularly the former.

BaFin states unequivocally that these two dealers are connected. In addition, the company is linked to Paragon Finance and HashTrade.

A trader feedback about how he scammed by HashTrade

Based on the evidence provided above, we can conclude that this unlicensed Dominican forex broker is currently operating illegally.

We advise traders who have been duped by the aforementioned websites to file a complaint with WikiFX so that they may reclaim their investments.

WikiFX is open to all traders who want to expose their negative experiences with their brokers. Simply go to the WikiFX official website, www.wikifx.com, and choose Exposure from the navigation menu. You may also contact WikiFX customer service for immediate help.

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