The GlobalCFD Broker Scam: Updated Overview
Recent Actions by Consob Against GlobalCFD
In February 2021, the Italian regulator Consob issued a blackout order for the GlobalCFD broker scam website located at www.globalcfd.co. Recently, Consob extended its enforcement by blocking the scam’s new domain, www.globalfxcfd.com.
Operators and Structure
The GlobalCFD scheme is reportedly managed by GlobalCFD Ltd alongside D&D Venture Project Ltd, operating through the Marshall Islands. These entities continue to run the scam despite multiple regulatory interventions.
Payment Processors Involved
As with many broker scams, certain payment processors are consistently involved. In this case, the processors facilitating transactions for GlobalCFD include:
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iPayTotal
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Itez (a crypto payment processor)
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WE4BTC
Ongoing Facilitation Despite Warnings
It remains concerning how these broker scams manage to operate over extended periods, even after public warnings from financial authorities. More worrying is the role of payment processors that continue supporting these operations despite regulatory alerts.
Current Status of Payment Processing
During the most recent review:
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iPayTotal remains actively processing payments for GlobalCFD.
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WE4BTC (www.we4btc.com), operated by the licensed Estonian KeyPay Global OÜ, is still facilitating transactions.
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Itez, run by licensed Estonian DataBridge OÜ, appears to have discontinued deposit options for GlobalCFD, although it was previously active in February 2021.
Final Note
If you encounter broker scams like GlobalCFD or identify payment processors enabling their activities, it is essential to report them to the relevant authorities to help prevent further investor losses.
