WikiFX report: THE APPTRADER PLATFORM IS ON THE LIST OF KNF WARNINGS

February 10, 2022 Polish Financial Supervision Authority announced the expansion of the list of public alerts to include two new entities - these are AppTrader (investment platform www.apptrader.com) and Acme Partners sp. z oo with its seat in Warsaw (not related to the CFD / Forex / Crypto industry).

KNF warns against AppTrader

We are extremely pleased with the activity of the KNF Office in recent months. New entities are added to the list of alerts virtually every week. And not because their activity suddenly increased. On the contrary, we subjectively feel that there are fewer scammers, but still, they need to be put in order.

This time it was AppTrader, the Forex / CFD pseudo-investment platform, which he warned against in May last year French Financial Supervision (AMF). Currently, the website identified in the announcement - www.apptrader.com - is no longer available. However, it did not state that the same company, i.e. RT GLOBAL LTD, also owned a second website - www.app-trader.biz. Fortunately, it is also unavailable. Nevertheless, it is worth being vigilant, because other, similar ones may jump in their place.

The KNF announcement states that the reason for all three entities is the notification about the suspicion of committing a crime under Art. 178 with art. 69 sec. 2 points 2 and 3 of the Act on Trading in Financial Instruments, i.e. conducting activities in the field of trading in financial instruments without the required permit or authorization. The proceedings were initiated by the KNF Office and the case is being conducted by the District Prosecutor's Office in Warsaw.