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BINARY OPTION OTC TRADING with MT4 INDICATOR|80% WIN RATE|100% NONREPAINT
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Armin Ordodary
In the era of CFDs and binary options, large international forex operations emerged. With the peak occurring in or around 2015, many of them began operating between 2010 and 2012. Legislators and regulators needed some time to recognize emerging trends and devise effective countermeasures. The beginning of 2014 saw regulators issue warnings about binary options, signaling changes in the FX market. It took three more years for regulators to formally restrict binary options. A few international forex entities misled thousands of retail investors between 2012 and 2017. One of the groups associated with binary options, forex, and cryptocurrency trading activities is Lau Global Services Corp. Media has requested additional information to establish an EFRI funds recovery campaign.
The FSM Smart Operations by Armin Ordodary
The FSM Smart platform (www.fsmsmart.com) has been actively gaining clients through their Serbian office Upmarket d.o.o., according to information provided to the media by whistleblowers. Benrich Holdings Ltd., a company based in Cyprus, is the only shareholder in this office. Armin Ordodary, a resident of Cyprus, is a director of both companies. Upmarkt is one of the Lau Global Services Corp group’s several offices. FinTelegrem has information that indicates FSM Smart and Armin Ordodary are connected to the Lau network.
The Lau network includes a few minor branches, including the Serbian Upmarkt d.o.o. Kiev, Ukraine, has served as something of a center for additional offices that have already been identified in other jurisdictions. For instance, call center addresses in Kiev were noted by the Russian website. Apart from E&G Bulgaria, Lau Global Services Corp is one of the biggest financial enterprises operating in various regions. Even with so many offshore connections, this operation appears to be run out of Ukraine and the Balkans.
However, let’s begin with FSM Smart and work our way up to the larger picture. Early in 2018, the FSM Smart platform made its debut. Investor cautionary note regarding the current FSM Smart (www.fsmsmart.com) activities:
August 2018: In the summer of 2018, the Financial Markets Authority (FMA) of New Zealand issued a warning on FSM Smart.
November 2018: The Canadian regulatory body in Manitoba (MSC) issued an investor warning against FSM Smart, while the financial market regulatory organization in Switzerland, FINMA, issued a warning against the company. FSM Smart’s contact address is reportedly Hertensteinstrasse 51, 6004 Luzern in Switzerland.
The Global Network of Lau
There are indications of connections between the operators of FSM Smart and other entities, such as MTI Markets (www.mtimarkets.com). According to reports, Lau Global Services Corp., the company behind this platform, was also linked to the following other financial services:
TradingMX (www.tradingmx.com)
LGS Corp. (www.lgs-corp.com)
TradingBanks (www.tradingbanks.com)
Trade12: https://www.trade12.com
MTI Markets (www.mtimarkets.com)
Grizzly (www.grizzly-ltd.com)
The following companies have been linked to the Lau Global Services group by the Media team:
Belize’s Lau Global Services Corp.
Serbian Upmarkt d.o.o.
Global Fin Services Ltd (UK), Exo Capital Markets Ltd (Marshall Islands), and MTI Investments LLC or MTI Markets Ltd (Marshall Islands)
Malta-based Grizzly Ltd.
Cyprus-based R Capital Solutions Ltd.
Cyprus-based Benrich Holdings Ltd.
SIO Ltd (Cyprus)
Eyar Financial Corp Limited (Vanuatu)
Most of these businesses don’t have a website or aren’t active on social media. Armin Ordodary, a resident of Cyprus, appears to be involved in the Lau network. Over the last few months, many of the websites and social media accounts linked to him have gone offline. One exception is his connection to SIAO Ltd. The reason for this remains unclear.
Regulators from multiple jurisdictions issued numerous warnings regarding the brands and businesses connected to Lau Global Services Corp:
August 2015: MXTrade and Lau Global Services were mentioned in an investor alert by the Italian CONSOB.
September 2015: MXTrade and Lau Global Services were named in an investor alert from the Cyprus agency CySec.
April 2016: The Belgian Financial Services Authority (FSMA) issued a cautionary statement to investors.
November 2016: The Australian regulator ASIC issued an investor warning regarding MXTrade.
November 2016: The New Zealand regulator FMA issued a warning regarding EXO Capital Markets Ltd. trading as Trade12.
November 2017: The Guernsey regulator issued an investor warning about Exo Capital Markets Ltd. trading as Trade12.
Numerous other warnings were issued regarding various trading platforms.
The Facebook page of Lau Global Service Corp is still accessible, even though many of the network’s websites have since gone offline. It is reported that R Capital Solutions Limited, a financial services firm registered in Cyprus (HE329922) with license number 246/14, approved and regulated by the Cyprus Securities Exchange Commission, was previously associated with the MXTrade brand. In 2015, the MXTrade name and customer base were transferred to Lau Global Services. R Capital Solutions, however, denies any direct connection with MXTrade, as stated in an official release.
Connections to Grizzly Ltd. and Other Entities
Lau Global Services is also a shareholder in Grizzly Ltd., a Malta-based company that formerly operated payment services for financial platforms, according to Offshore Leaks Database. This can be seen, for instance, on an old MTI Markets website. Shlomo Matan Shalom Avshalom, an Israeli, is listed as a director of Grizzly Ltd. Various sources and forums indicate that Grizzly Ltd was associated with the Lau network and possessed multiple trading brands.
The companies involved in financial services frequently make structural changes to avoid detection. In particular, the front shell firms, often operated by third parties, change frequently.
Individuals Found in the Network
The individuals associated with FSM Smart include Mathew Bradley, Ali Mahmoudi, and Armin Ordodary, a resident of Cyprus who is reportedly a former Windsor Brokers employee. Born in January of 1991, Armin Ordodary has registered multiple forex trading domains between 2013 and 2014. In addition, he serves as the director of Bythos Yachts Management OÜ in Estonia.
Armin Ordodary’s Business Involvement
At this time, it is unclear whether Armin Ordodary played a major role in the network or was a secondary figure. What is known is that he has been associated with various businesses and initiatives within the forex industry. He has ties to both the Nepcore project and SIAO Ltd, a provider of FOREX services. Additionally, he has been linked to the Upmarkt office in Serbia, which worked with FSM Smart. He also provided marketing services for Lau’s financial operations through Nepcore.
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