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The Hidden World of Depth of Market: Unlocking Opportunities in the Canadian Dollar/New Zealand Dollar Pair Trading isn’t just about numbers; it’s about deciphering stories hidden beneath charts and data points. The "Depth of Market" (DOM) is one of those hidden gems in Forex trading that, when understood correctly, can open doors to advanced trading strategies and untapped opportunities. This article will take you deep into the concept of DOM, with a spotlight on the Canadian Dollar (CAD) and New Zealand Dollar (NZD) pair. And yes, there will be humor—because who says trading can’t be fun? Why Most Traders Overlook Depth of Market (And Why You Shouldn’t) Imagine hosting a garage sale and seeing the entire neighborhood lining up. Some folks are eager to buy, while others are just curious. Knowing who’s ready to buy or sell and how much they’re willing to pay? That’s the essence of Depth of Market. DOM Defined: Depth of Market shows the volume of buy and sell orders for a specific currency at various price levels. It’s like peeking behind the curtain at an auction, spotting the serious bidders versus the window shoppers. Here’s the kicker: Most traders ignore DOM because it seems “too advanced” or they’ve been burned by unreliable interpretations. But mastering it can give you a ninja-like edge in spotting liquidity pools and executing trades with precision. The CAD/NZD Pair: A Quiet Contender with Big Moves The Canadian Dollar (CAD) and New Zealand Dollar (NZD) aren’t as flashy as EUR/USD, but they’re like that underdog in a movie who quietly steals the show. The pair is influenced by unique factors like commodity prices (think oil for CAD and dairy for NZD) and economic data from their respective central banks. Why trade CAD/NZD? - Lower Correlation: Unlike major pairs, CAD/NZD often dances to its own rhythm, giving traders diversification opportunities. - Volatility with Predictability: While it’s not as wild as exotic pairs, CAD/NZD offers enough movement for profitable trades without giving you a heart attack. Pro Tip: Use Depth of Market to identify significant buy or sell clusters in the CAD/NZD pair. It’s like spotting a wave before it breaks, so you can ride it for maximum profit. How to Use DOM Like a Pro 1. Spot Liquidity Pools: DOM reveals where large orders are sitting. These liquidity pools act as magnets, pulling price action toward them. For example, if you see a cluster of buy orders at 1.1000 for CAD/NZD, it’s likely the price will gravitate there. 2. Avoid Slippage: Ever entered a trade and felt like your broker did a magic trick—poof, your profit vanished! Using DOM, you can avoid entering trades at thinly traded price levels where slippage occurs. 3. Scalping Opportunities: For scalpers, DOM is a treasure map. You can identify price levels with high activity and jump in for quick, small wins. Just don’t get too greedy—scalping is like eating chips; too many at once and you’ll regret it. A Step-by-Step Guide to DOM Trading - Set Up Your Platform: Choose a trading platform that offers real-time DOM data. MT5 and NinjaTrader are popular choices for advanced traders. - Analyze Order Flow: Look for price levels with unusually high buy or sell orders. These levels act as potential support or resistance zones. - Confirm with Indicators: Combine DOM insights with technical indicators like Moving Averages or RSI for stronger trade setups. Think of it as pairing fine wine with cheese—they’re good alone, but together, they’re unforgettable. - Execute with Precision: Use pending orders to enter trades at key levels revealed by DOM. This reduces the risk of slippage and ensures optimal entry points. Common Pitfalls and How to Avoid Them - Overanalyzing: DOM data is like a buffet—too much, and you’ll feel overwhelmed. Stick to major price levels and avoid chasing every spike in order flow. - Ignoring Fundamentals: While DOM is powerful, it doesn’t replace fundamental analysis. Keep an eye on CAD/NZD news, such as interest rate announcements or commodity price changes. - Neglecting Risk Management: Advanced tools like DOM can give you confidence, but overconfidence leads to mistakes. Always use stop-loss orders and trade within your risk tolerance. Advanced DOM Strategies for CAD/NZD 1. Hidden Orders Tactic: Some institutional players use hidden orders to mask their intentions. If you notice sudden, unexplained price moves in CAD/NZD, it could be a sign of hidden liquidity. 2. Volume Imbalance Analysis: Look for imbalances where buy orders vastly outnumber sell orders (or vice versa). These imbalances often precede breakout moves. 3. Time-of-Day Patterns: CAD/NZD activity peaks during the overlap of Asian and North American trading sessions. Use this window to spot high-probability setups. Conclusion: Master the Depth, Master the Market The Depth of Market is your backstage pass to understanding the dynamics of the Forex market, particularly with the CAD/NZD pair. By leveraging DOM, you can: - Identify liquidity pools and key price levels. - Execute trades with surgical precision. - Gain insights that most traders overlook. So, the next time someone tells you trading is all about guesswork, show them your DOM screen. It’s like having a crystal ball—minus the mysticism. —————– Image Credits: Cover image at the top is AI-generated Read the full article
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Armin Ordodary
In the era of CFDs and binary options, massive international arose. 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 the end of the FX gold rush. It took three more years for regulators to formally outlaw binary options. A few international forex scammers duped hundreds of thousands of retail investors between 2012 and 2017. One of the groups that created a wave of illicit binary options, and cryptocurrency trading methods is Corp. Media has requested additional information to establish an EFRI funds recovery campaign.
The FSM Smart by Armin Ordodary
The fraudulent FSM Smart (www.fsmsmart.com) has been aggressively gaining clients through their Serbian boiler room 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 boiler room. Armin Ordodary, a resident of Cyprus, is a director of both companies. Upmarkt is only one of the Lau Global Services Corp several boiler rooms.
The has only a few minor branches, including the Serbian Upmarkt d.o.o. Kiev, Ukraine, has served as something of an epicentre for additional boiler rooms that have already been discovered in other jurisdictions. For instance, call centre addresses in Kiev were discovered by the Russian website. Apart from E&G Bulgaria, Lau Global Services Corp is unquestionably one of the biggest illicit broker enterprises on the planet. 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 illicit FSM Smart made its debut. Investor cautionary note regarding the current FSM Smart (www.fsmsmart.com) :
August 2018: In the summer of 2018, the Financial Markets Authority (FMA) of New Zealand issued a warning on FSM Smart.
In November 2018, the Canadian watchdog in Manitoba (MSC) issued an investor warning against FSM Smart, while the financial market regulatory organisation in Switzerland,
FINMA issued a warning against the company. FSM Smart’s contact address is reportedly Hertensteinstrasse 51, 6004 Luzern in Switzerland.
The Global Services Network of Lau
It is clear that there are connections between the operators of the FSM Smart and other con artists, such as MTI Markets (www.mtimarkets.com). According to reports, Corp., the company behind this unlawful broker, also ran the following other illicit:
TradingMX
(http://www.tradingmx.com)
(www.lgs-corp.com) LGS Corp.
(www.tradingbanks.com) TradingBanks
Trade12: https://www.trade12.com
mtimarkets.com, the website of MTI Markets
(www.grizzly-ltd.com) Grizzly
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 (Vanatu)
Most of the businesses don’t have a website or aren’t active on social media. Armin Ordodary, a resident of Cyprus, appears to be involved. The last several months have seen the disappearance of all the websites and social media accounts he is directly related to going offline. Only to bring up his SIAO Ltd. The reason behind this is the question.
Regulators from many jurisdictions issued numerous warnings to the brands and businesses connected Corp.
August 2015: MXTrade and Lau Global Services were the targets of an investor alert by the Italian CONSOB;
September 2015: MXTrade and Lau Global Services were the targets of an investor alert from Cyprus agency CySec;
April 2016: The Belgian Financial Services Authority (FSMA) cautioned investors.
Nov. 2016 saw the Australian regulator ASIC issue a warning to investors about MXTrade; Nov. 2016 saw the New Zealand regulator FMA issue a warning to investors about EXO Capital Markets Ltd. trading as Trade12;
Nov. 2017 saw the Guernsey regulator issue a warning to investors about Exo Capital Markets Ltd. trading as Trade12;
numerous other warnings regarding the various trading styles (domains/brands)
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Best Forex Brokers in Australia: Expert Reviews & Best Options
When it comes to forex trading, selecting the right broker can make all the difference in your trading journey. Australia is home to a growing forex market with numerous brokers offering various services, platforms, and pricing models. In this article, we’ll explore the Best Forex Brokers in Australia, providing expert reviews and helping you make an informed decision about the best options for your trading needs.
What Makes a Forex Broker the Best in Australia?
When looking for the Best Forex Brokers in Australia, several key factors come into play. Here’s what you need to consider:
Regulation and Licensing: The first thing to check when evaluating any broker is their regulation. In Australia, brokers must be licensed by the Australian Securities and Investments Commission (ASIC). This regulatory body ensures brokers operate under strict rules to protect traders' interests.
Trading Features: A broker’s platform should offer user-friendly features, fast execution speeds, and reliable technology. Look for brokers with platforms like MetaTrader 4 (MT4) or MetaTrader 5 (MT5), which are widely recognized for their advanced charting tools and reliability.
Customer Support: Top-notch customer support is essential for addressing any issues or questions you may have. Whether it’s a phone call, live chat, or email support, a good broker should provide responsive customer service.
Fees and Costs: Consider the overall cost of trading. Different brokers offer various spreads, commissions, and overnight fees. A good broker should offer competitive pricing without hidden charges.
Security and Trustworthiness: Ensure your broker provides robust security measures for protecting your funds and personal data. The best brokers in Australia will have encryption, segregated accounts, and other security features.
Top Forex Brokers in Australia for 2025
Here are some of the Best Forex Brokers in Australia that have gained a reputation for their reliability, customer support, and competitive pricing:
EightcapKnown for its low-cost trading and competitive spreads, Eightcap is a popular choice among Australian traders. It offers advanced platforms like MetaTrader 4 (MT4) and MetaTrader 5 (MT5), providing traders with a wide range of tools for technical analysis.
IC MarketsIC Markets is one of the leading brokers in Australia, offering low spreads and fast execution speeds. It's a favorite for scalpers and high-frequency traders, providing access to MT4, MT5, and cTrader platforms.
FP MarketsFP Markets offers a range of trading instruments, tight spreads, and low commissions. With a reputation for excellent customer support, it’s a great choice for traders looking for reliability and performance.
OctaOcta provides competitive spreads and offers MT4 and MT5 platforms, giving traders flexibility and advanced trading features. It also provides educational resources to help new traders succeed in the forex market.
BlackBull MarketsBlackBull Markets is a well-regulated New Zealand-based broker that offers an Australian presence. Known for its transparency, tight spreads, and institutional-grade liquidity, it caters to both beginners and experienced traders.
XMXM offers a wide range of account types, ensuring there’s something for everyone. It’s particularly popular for its educational resources, making it a great choice for beginners. XM also provides access to a variety of trading platforms, including MT4 and MT5.
FXProFXPro is a global forex broker renowned for its advanced trading tools and features. With a strong focus on security and customer support, FXPro offers competitive spreads, an extensive range of instruments, and access to MT4, MT5, and cTrader.
FBSFBS is an international broker with a strong reputation in Australia. Known for its user-friendly platforms and flexible account types, FBS provides traders with competitive spreads, reliable support, and educational resources to enhance their trading skills.
These brokers stand out in the industry for their regulatory compliance, features, and reliability. Always check the latest reviews to make sure the broker meets your specific trading requirements.
How to Pick the Best Forex Broker in Australia?
When selecting a broker, it’s essential to ensure they align with your trading style and goals. Here are some tips for choosing the Best Forex Brokers in Australia:
Risk Management and Leverage: Choose a broker offering leverage that matches your risk tolerance. While high leverage can increase potential profits, it can also amplify losses.
User-Friendly Platforms: Ensure the broker’s platform is intuitive and suitable for your experience level. If you’re a beginner, look for brokers offering demo accounts to practice without risking real money.
Educational Resources: A broker offering quality educational tools can be a game-changer for beginner traders. Look for brokers providing video tutorials, webinars, and trading guides.
Trading with a Forex Broker in Australia: What to Expect
Australian brokers cater to traders from around the world, providing access to major forex markets and currency pairs. Here’s what to expect:
Market Conditions and Popular Currency Pairs: Australian forex brokers typically provide access to major, minor, and exotic currency pairs, allowing you to diversify your trading strategy. Popular pairs like AUD/USD, EUR/USD, and GBP/USD are commonly available.
Trading Hours: Forex markets operate 24 hours a day, five days a week. Australian brokers provide excellent access during peak trading times, particularly during the Asia-Pacific session, which overlaps with other global markets.
Currency Exchange Rates: Australian brokers offer competitive exchange rates that can influence your trading profits. Keeping track of economic events and news will help you make better decisions.
Common Pitfalls to Avoid When Choosing a Forex Broker in Australia
While choosing a broker, avoid these common pitfalls:
Unregulated Broker: Trading with unregulated brokers involves great risk. Stick to brokers licensed by ASIC for added peace of mind.
Hidden Fees: Always look for transparency when it comes to pricing. Some brokers hide fees in the spread or charge for withdrawals, so it’s crucial to check the fine print.
Unreliable Platforms: Avoid brokers that use unstable or outdated trading platforms. Always test the platform before committing to live trading.
Why Trust Expert Reviews of Forex Brokers in Australia?
Expert reviews play a vital role in identifying trustworthy brokers. Independent reviews give you insights into a broker’s reputation, customer service quality, and regulatory standing. Reading expert reviews helps you avoid brokers with hidden fees or poor customer support, ultimately helping you make a more informed choice.
Conclusion
Choosing the Best Forex Brokers in Australia is crucial for a successful trading experience. By considering factors like regulation, trading features, customer support, and fees, you can identify a broker that aligns with your trading goals. The brokers listed above are trusted by traders and regulated by ASIC, ensuring that your trading experience will be safe, reliable, and profitable.
FAQ Section
What is the best forex broker in Australia for beginners?Many brokers, like FXTM and XM, offer excellent educational resources for beginners and demo accounts to practice trading.
Is trading forex in Australia safe?Yes, as long as you choose a broker regulated by ASIC, your trading will be protected by strict regulations.
How do I open a forex trading account in Australia?Most brokers offer easy online registration processes. You'll need to provide identity verification and fund your account before starting to trade.
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Armin Ordodary and the FSM Smart Fraud
Media released a request for information about the broker fraud FSM Smart and its operator, Armin Ordodary, at the beginning of March 2017. We did, in fact, learn some important facts. After speaking with insiders, we were given the assurance that Armin Ordodary would merely serve as a front for a bigger organization. Not long after we requested it, FSM Smart modified its domain. The fact that the Scam Broker is still active online is another reality. We must reiterate our request for information because this is intolerable.
Verified FSM Intelligence Regarding Armin Ordodary
Following the most recent call, we were informed that Armin Ordodary was the manager and founder of both the white-label broker platform provider NepCore and the SIAO Group. In the interim, both businesses have shut down their websites.
We have received confirmation that Armin Ordodary is a manager and shareholder of DOO, the upmarket Serbian company. This is purportedly a marketing firm that introduces fresh victims to broker scams, not a boiler room.
It has come to our attention that the Iranian-born resident of Cyprus and his businesses are merely a small component of a worldwide criminal network.
Information about the illicit broker scheme FSM Smart (www.fsmsmart.com) and its aggressive client acquisition strategy through Upmarkt d.o.o., a Serbian boiler room, was provided to the media by whistleblowers. Benrich Holdings Ltd., a company based in Cyprus, is the only shareholder in this boiler room. Armin Ordodary, a resident of Cyprus, is a director of both companies.
The Warnings to Investors About Armin Ordodary
Early in 2018, the illicit broker was introduced. Currently, investors are advised not to participate in the FSM Smart scheme (www.fsmsmart.com and www.fsmsmarts.com).
The UK Financial Conduct Authority (FCA) warned investors against the plan in March of 2019.
ASIC, an Australian agency, warned investors not to participate in the broker scheme in April 2019.
August 2018: A warning was released by the Financial Markets Authority (FMA) of New Zealand;
October 2018: A warning was issued by FINMA, Switzerland’s financial market supervisory authority;
In November 2018, the Manitoba-based Canadian watchdog, MSC, issued a warning to investors about FSM Smart.
According to reports, the FSM Smart contact address is Hertensteinstrasse 51, 6004 Luzern in Switzerland.
FSM Smart (Armin Ordodary’s Brainchild)
As one of the oldest and most innovative Forex brokers in the world, FSMSmart has elevated the entire industry to new heights. Both FSMSmart and its operations manager, FSM Smart Ltd., are well-known in the financial services industry.
Over 140 countries worldwide have benefited from the Company’s noteworthy and well-founded financial services thanks to its brave service and steadfast dedication.
Because of the company’s vast market expertise and experience, FSMSmart provides top-notch services. As we enhance our existing technology to enable the vast and volatile industry to establish a reliable and sound trading system, we continue to give the enormous value of the market to our clients.
The Company’s founding members, who have been in the brokerage and forex industries for more than 50 years and who have been directing and instilling values in FSMSmart from its foundation, are financial professionals and adept financial service providers.
FSMSmart is constantly coming up with new ideas and methods to ensure that our clients have a luxurious and fulfilling experience. In addition, the company strives to offer the finest possible trading circumstances and top-notch client support while carefully selecting Account Managers to ensure success in forex trading.
Financial Conduct Authority
The UK government has no control over the Financial Conduct Authority (FCA), a financial regulator that is funded by fees collected from participants in the financial services sector. The FCA protects the integrity of the UK financial markets by regulating financial companies that offer services to consumers.
It focuses on how financial services companies, both retail and wholesale, are expected to behave. Similar to the FSA, which it replaced, the FCA is set up as a company limited by guarantee.
To establish regulatory standards for the financial industry, the Financial Policy Committee, the Prudential Regulation Authority, and the FCA collaborate. The FCA is responsible for the conduct of around 58,000 businesses which employ 2.2 million people and contribute around £65.6 billion in annual tax revenue to the economy in the United Kingdom.
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Armin Ordodary, FSM Smart and Lau Global Services (2024)
In the era of CFDs and binary options, massive international forex scams arose. 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 the end of the FX gold rush. It took three more years for regulators to formally outlaw binary options. A few international forex scammers duped hundreds of thousands of retail investors between 2012 and 2017. One of the criminal groups that created a wave of illicit binary options, forex, and cryptocurrency trading methods is Lau Global Services Corp. Media has requested additional information to establish an EFRI funds recovery campaign.
The FSM Smart Broker Scheme by Armin Ordodary
The fraudulent broker scheme FSM Smart (www.fsmsmart.com) has been aggressively gaining clients through their Serbian boiler room 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 boiler room. Armin Ordodary, a resident of Cyprus, is a director of both companies. Upmarkt is only one of the Lau Global Services Corp scheme’s several boiler rooms. FinTelegrem has information that indicates FSM Smart and Armin Ordodary are involved in the “Lau Scheme.
The “Lau Scheme” has only a few minor branches, including the Serbian Upmarkt d.o.o. Kiev, Ukraine, has served as something of an epicentre for additional boiler rooms that have already been discovered in other jurisdictions. For instance, call centre addresses in Kiev were discovered by the Russian website Forex Scam (www.forex-scam.net). Apart from E&G Bulgaria, Lau Global Services Corp is unquestionably one of the biggest illicit broker enterprises on the planet. 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 illicit broker FSM Smart made its debut. Investor cautionary note regarding the current FSM Smart (www.fsmsmart.com) scheme:
August 2018: In the summer of 2018, the Financial Markets Authority (FMA) of New Zealand issued a warning on FSM Smart.
In November 2018, the Canadian watchdog in Manitoba (MSC) issued an investor warning against FSM Smart, while the financial market regulatory organisation in Switzerland,
FINMA issued a warning against the company. FSM Smart’s contact address is reportedly Hertensteinstrasse 51, 6004 Luzern in Switzerland.
The Global Services Network of Lau
It is clear that there are connections between the operators of the FSM Smart scams and other con artists, such as MTI Markets (www.mtimarkets.com). According to reports, Lau Global Services Corp., the company behind this unlawful broker, also ran the following other illicit broker schemes:
TradingMX (http://www.tradingmx.com)
(www.lgs-corp.com) LGS Corp.
(www.tradingbanks.com) TradingBanks
Trade12: https://www.trade12.com
mtimarkets.com, the website of MTI Markets
(www.grizzly-ltd.com) Grizzly
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 (Vanatu)
Most of the 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 Scheme.” The last several months have seen the disappearance of all the websites and social media accounts he is directly related to going offline. Only to bring up his SIAO Ltd. The reason behind this is the question.
Regulators from many jurisdictions issued numerous warnings to the brands and businesses connected to Lau Global Services Corp.
August 2015: MXTrade and Lau Global Services were the targets of an investor alert by the Italian CONSOB;
September 2015: MXTrade and Lau Global Services were the targets of an investor alert from Cyprus agency CySec;
April 2016: The Belgian Financial Services Authority (FSMA) cautioned investors.
Nov. 2016 saw the Australian regulator ASIC issue a warning to investors about MXTrade; Nov. 2016 saw the New Zealand regulator FMA issue a warning to investors about EXO Capital Markets Ltd. trading as Trade12;
Nov. 2017 saw the Guernsey regulator issue a warning to investors about Exo Capital Markets Ltd. trading as Trade12;
numerous other warnings regarding the various trading styles (domains/brands)
The Facebook page of Lau Global Service Corp is still accessible, even though the majority of the network’s illicit broker websites have since gone offline. It is purported that R Capital Solutions Limited, a financial services firm registered in Cyprus (HE329922) with licence number 246/14, approved and regulated by the Cyprus Securities Exchange Commission, was the previous owner and operator of the MXTrade brand. 2015 saw the alleged transfer of the MXTrade name and customer base to Lau Global Services. R Capital Solutions, however, disputes that it ever had any relationship with MXTrade in a corresponding statement:
R Capital Solution’s declaration about MXTrade
But from what I’ve read in a few forums, it appears that R Capital Solutions was working with MXTrader up to the middle of 2015. Emails obtained by Media appear to indicate that R Capital Solutions did, in fact, run MXTrader up to the middle of 2015.
Lau Global Services is also a shareholder in Grizzly Ltd., a Malta-based company that formerly operated payment services for such illicit and dishonest broker schemes, 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. Grizzly Ltd was involved in the “Lau” Scheme and possessed several illicit trading brands, according to various sources and forums.
The legal companies involved in illicit broker schemes typically make regular changes to deceive Google, law enforcement, and clients. In particular, the front shell firms that are usually run by “monkeys” are changing a lot.
Individuals Found in the Network
The individuals listed in the FSMSmart network include Mathew Bradley, Ali Mahmoudi, and Armin Ordodary, a resident of Cyprus who is purportedly a former Windsor Brokers employee. Born in January of 1991, Armin Ordodary has registered multiple forex trading domains during the years of 2013 and 2014. In addition, he serves as the director of Bythos Yachts Management OÜ in Estonia.
The well-established ties that Armin Ordodary
We are unable to determine at this time if Armin Ordodary was a lieutenant in Cyprus or one of the scheme’s masterminds. In actuality, we have managed to determine his affiliation with businesses, endeavours, and undertakings within the illicit brokering landscape. He has ties to both the Nepcore project and SIAO Ltd, a provider of FOREX services. Additionally, we are aware that he oversees the Upmarkt boiler room in Serbia, which provided services to FSM Smart. He offered marketing services for the “Lau Scheme’s illicit trading styles through Nepcore.
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Armin Ordodary and the FSM Smart Fraud (2024)
Media released a request for information about the broker fraud FSM Smart and its operator, Armin Ordodary, at the beginning of March 2017. We did, in fact, learn some important facts. After speaking with insiders, we were given the assurance that Armin Ordodary would merely serve as a front for a bigger organization. Not long after we requested it, FSM Smart modified its domain. The fact that the Scam Broker is still active online is another reality. We must reiterate our request for information because this is intolerable.
Verified FSM Intelligence Regarding Armin Ordodary
Following the most recent call, we were informed that Armin Ordodary was the manager and founder of both the white-label broker platform provider NepCore and the SIAO Group. In the interim, both businesses have shut down their websites.
We have received confirmation that Armin Ordodary is a manager and shareholder of DOO, the upmarket Serbian company. This is purportedly a marketing firm that introduces fresh victims to broker scams, not a boiler room.
It has come to our attention that the Iranian-born resident of Cyprus and his businesses are merely a small component of a worldwide criminal network.
Information about the illicit broker scheme FSM Smart (www.fsmsmart.com) and its aggressive client acquisition strategy through Upmarkt d.o.o., a Serbian boiler room, was provided to the media by whistleblowers. Benrich Holdings Ltd., a company based in Cyprus, is the only shareholder in this boiler room. Armin Ordodary, a resident of Cyprus, is a director of both companies.
The Warnings to Investors About Armin Ordodary
Early in 2018, the illicit broker was introduced. Currently, investors are advised not to participate in the FSM Smart scheme (www.fsmsmart.com and http://www.fsmsmarts.com).
The UK Financial Conduct Authority (FCA) warned investors against the plan in March of 2019.
ASIC, an Australian agency, warned investors not to participate in the broker scheme in April 2019.
August 2018: A warning was released by the Financial Markets Authority (FMA) of New Zealand;
October 2018: A warning was issued by FINMA, Switzerland’s financial market supervisory authority;
In November 2018, the Manitoba-based Canadian watchdog, MSC, issued a warning to investors about FSM Smart.
According to reports, the FSM Smart contact address is Hertensteinstrasse 51, 6004 Luzern in Switzerland.
FSM Smart (Armin Ordodary’s Brainchild)
As one of the oldest and most innovative Forex brokers in the world, FSMSmart has elevated the entire industry to new heights. Both FSMSmart and its operations manager, FSM Smart Ltd., are well-known in the financial services industry.
Over 140 countries worldwide have benefited from the Company’s noteworthy and well-founded financial services thanks to its brave service and steadfast dedication.
Because of the company’s vast market expertise and experience, FSMSmart provides top-notch services. As we enhance our existing technology to enable the vast and volatile industry to establish a reliable and sound trading system, we continue to give the enormous value of the market to our clients.
The Company’s founding members, who have been in the brokerage and forex industries for more than 50 years and who have been directing and instilling values in FSMSmart from its foundation, are financial professionals and adept financial service providers.
FSMSmart is constantly coming up with new ideas and methods to ensure that our clients have a luxurious and fulfilling experience. In addition, the company strives to offer the finest possible trading circumstances and top-notch client support while carefully selecting Account Managers to ensure success in forex trading.
Financial Conduct Authority
The UK government has no control over the Financial Conduct Authority (FCA), a financial regulator that is funded by fees collected from participants in the financial services sector. The FCA protects the integrity of the UK financial markets by regulating financial companies that offer services to consumers.
It focuses on how financial services companies, both retail and wholesale, are expected to behave. Similar to the FSA, which it replaced, the FCA is set up as a company limited by guarantee.
To establish regulatory standards for the financial industry, the Financial Policy Committee, the Prudential Regulation Authority, and the FCA collaborate. The FCA is responsible for the conduct of around 58,000 businesses which employ 2.2 million people and contribute around £65.6 billion in annual tax revenue to the economy in the United Kingdom.
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Is XPR ready to take flight? 🦅 The market's buzzing. Stay tuned for potential explosive growth. Trade ⤵️
XPR #crypto #investment
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ARMIN ORDODARY, FSM SMART AND LAU GLOBAL SERVICES
In the era of CFDs and binary options, massive international forex scams arose. 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 the end of the FX gold rush. It took three more years for regulators to formally outlaw binary options. A few international forex scammers duped hundreds of thousands of retail investors between 2012 and 2017. One of the criminal groups that created a wave of illicit binary options, forex, and cryptocurrency trading methods is Lau Global Services Corp. Media has requested additional information to establish an EFRI funds recovery campaign.
The FSM Smart Broker Scheme
The fraudulent broker scheme FSM Smart (www.fsmsmart.com) has been aggressively gaining clients through their Serbian boiler room 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 boiler room. Armin Ordodary, a resident of Cyprus, is a director of both companies. Upmarkt is only one of the Lau Global Services Corp scheme’s several boiler rooms. FinTelegrem has information that indicates FSM Smart and Armin Ordodary are involved in the “Lau Scheme.”
The “Lau Scheme” has only a few minor branches, including the Serbian Upmarkt d.o.o. Kiev, Ukraine, has served as something of an epicentre for additional boiler rooms that have already been discovered in other jurisdictions. For instance, call centre addresses in Kiev were discovered by the Russian website Forex Scam (www.forex-scam.net). Apart from E&G Bulgaria, Lau Global Services Corp is unquestionably one of the biggest illicit broker enterprises on the planet. 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 illicit broker FSM Smart made its debut. Investor cautionary note regarding the current FSM Smart (www.fsmsmart.com) scheme:
August 2018: In the summer of 2018, the Financial Markets Authority (FMA) of New Zealand issued a warning on FSM Smart.
In November 2018, the Canadian watchdog in Manitoba (MSC) issued an investor warning against FSM Smart, while the financial market regulatory organisation in Switzerland,
FINMA issued a warning against the company. FSM Smart’s contact address is reportedly Hertensteinstrasse 51, 6004 Luzern in Switzerland.
The Global Services Network of Lau
It is clear that there are connections between the operators of the FSM Smart scams and other con artists, such as MTI Markets (www.mtimarkets.com). According to reports, Lau Global Services Corp., the company behind this unlawful broker, also ran the following other illicit broker schemes:
TradingMX (www.tradingmx.com)
(www.lgs-corp.com) LGS Corp.
(www.tradingbanks.com) TradingBanks
Trade12: https://www.trade12.com
mtimarkets.com, the website of MTI Markets
(www.grizzly-ltd.com) Grizzly
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 (Vanatu)
Most of the 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 Scheme.” The last several months have seen the disappearance of all the websites and social media accounts he is directly related to going offline. Only to bring up his SIAO Ltd. The reason behind this is the question.
Regulators from many jurisdictions issued numerous warnings to the brands and businesses connected to Lau Global Services Corp.
August 2015: MXTrade and Lau Global Services were the targets of an investor alert by the Italian CONSOB;
September 2015: MXTrade and Lau Global Services were the targets of an investor alert from Cyprus agency CySec;
April 2016: The Belgian Financial Services Authority (FSMA) cautioned investors.
Nov. 2016 saw the Australian regulator ASIC issue a warning to investors about MXTrade; Nov. 2016 saw the New Zealand regulator FMA issue a warning to investors about EXO Capital Markets Ltd. trading as Trade12;
Nov. 2017 saw the Guernsey regulator issue a warning to investors about Exo Capital Markets Ltd. trading as Trade12;
numerous other warnings regarding the various trading styles (domains/brands)
The Facebook page of Lau Global Service Corp is still accessible, even though the majority of the network’s illicit broker websites have since gone offline. It is purported that R Capital Solutions Limited, a financial services firm registered in Cyprus (HE329922) with licence number 246/14, approved and regulated by the Cyprus Securities Exchange Commission, was the previous owner and operator of the MXTrade brand. 2015 saw the alleged transfer of the MXTrade name and customer base to Lau Global Services. R Capital Solutions, however, disputes that it ever had any relationship with MXTrade in a corresponding statement:
R Capital Solution’s declaration about MXTrade
But from what I’ve read in a few forums, it appears that R Capital Solutions was working with MXTrader up to the middle of 2015. Emails obtained by Media appear to indicate that R Capital Solutions did, in fact, run MXTrader up to the middle of 2015.
Lau Global Services is also a shareholder in Grizzly Ltd., a Malta-based company that formerly operated payment services for such illicit and dishonest broker schemes, 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. Grizzly Ltd was involved in the “Lau” Scheme and possessed several illicit trading brands, according to various sources and forums.
The legal companies involved in illicit broker schemes typically make regular changes to deceive Google, law enforcement, and clients. In particular, the front shell firms that are usually run by “monkeys” are changing a lot.
Individuals Found in the Network
The individuals listed in the FSMSmart network include Mathew Bradley, Ali Mahmoudi, and Armin Ordodary, a resident of Cyprus who is purportedly a former Windsor Brokers employee. Born in January of 1991, Armin Ordodary has registered multiple forex trading domains during the years of 2013 and 2014. In addition, he serves as the director of Bythos Yachts Management OÜ in Estonia.
The well-established ties that Armin Ordodary
We are unable to determine at this time if Armin Ordodary was a lieutenant in Cyprus or one of the scheme’s masterminds. In actuality, we have managed to determine his affiliation with businesses, endeavours, and undertakings within the illicit brokering landscape. He has ties to both the Nepcore project and SIAO Ltd, a provider of FOREX services. Additionally, we are aware that he oversees the Upmarkt boiler room in Serbia, which provided services to FSM Smart. He offered marketing services for the “Lau Scheme’s illicit trading styles through Nepcore.
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ARMIN ORDODARY AND THE FSM SMART FRAUD
Media released a request for information about the broker fraud FSM Smart and its operator, Armin Ordodary, at the beginning of March 2017. We did, in fact, learn some important facts. After speaking with insiders, we were given the assurance that Armin Ordodary would merely serve as a front for a bigger organization. Not long after we requested it, FSM Smart modified its domain. The fact that the Scam Broker is still active online is another reality. We must reiterate our request for information because this is intolerable.
VERIFIED FSM INTELLIGENCE REGARDING ARMIN ORDODARY
Following the most recent call, we were informed that Armin Ordodary was the manager and founder of both the white-label broker platform provider NepCore and the SIAO Group. In the interim, both businesses have shut down their websites.
We have received confirmation that Armin Ordodary is a manager and shareholder of DOO, the upmarket Serbian company. This is purportedly a marketing firm that introduces fresh victims to broker scams, not a boiler room.
It has come to our attention that the Iranian-born resident of Cyprus and his businesses are merely a small component of a worldwide criminal network.
Information about the illicit broker scheme FSM Smart (www.fsmsmart.com) and its aggressive client acquisition strategy through Upmarket d.o.o., a Serbian boiler room, was provided to the media by whistleblowers. Benrich Holdings Ltd., a company based in Cyprus, is the sole shareholder in this boiler room. Armin Ordodary, a resident of Cyprus, is a director of both companies.
THE WARNINGS TO INVESTORS ABOUT ARMIN ORDODARY
Early in 2018, the illicit broker was introduced. Currently, investors are advised not to participate in the FSM Smart scheme (www.fsmsmart.com and http://www.fsmsmartscams.com).
The UK Financial Conduct Authority (FCA) warned investors against the plan in March of 2019.
ASIC, an Australian agency, warned investors not to participate in the broker scheme in April 2019.
August 2018: A warning was released by the Financial Markets Authority (FMA) of New Zealand.
October 2018: A warning was issued by FINMA, Switzerland’s financial market supervisory authority.
November 2018: The Manitoba-based Canadian watchdog, MSC, issued a warning to investors about FSM Smart.
According to reports, the FSM Smart contact address is Hertensteinstrasse 51, 6004 Luzern in Switzerland.
FSM SMART (ARMIN ORDODARY'S BRAINCHILD)
As one of the oldest and most innovative Forex brokers in the world, FSMSmart has elevated the entire industry to new heights. Both FSMSmart and its operations manager, FSM Smart Ltd., are well-known in the financial services industry.
Over 140 countries worldwide have benefited from the Company's noteworthy and well-founded financial services thanks to its brave service and steadfast dedication.
Because of the company's vast market expertise and experience, FSMSmart provides top-notch services. As we enhance our existing technology to enable the vast and volatile industry to establish a reliable and sound trading system, we continue to give the enormous value of the market to our clients.
The Company's founding members, who have been in the brokerage and forex industries for more than 50 years and who have been directing and instilling values in FSMSmart from its foundation, are financial professionals and adept financial service providers.
FSM Smart is constantly coming up with new ideas and methods to ensure that our clients have a luxurious and fulfilling experience. In addition, the company strives to offer the finest possible trading circumstances and top-notch client support while carefully selecting Account Managers to ensure success in forex trading.
FINANCIAL CONDUCT AUTHORITY
The UK government has no control over the Financial Conduct Authority (FCA), a financial regulator that is funded by fees collected from participants in the financial services sector. The FCA protects the integrity of the UK financial markets by regulating financial companies that offer services to consumers.
It focuses on how financial services companies, both retail and wholesale, are expected to behave. Similar to the FSA, which it replaced, the FCA is set up as a company limited by guarantee.
To establish regulatory standards for the financial industry, the Financial Policy Committee, the Prudential Regulation Authority, and the FCA collaborate. The FCA is responsible for the conduct of around 58,000 businesses which employ 2.2 million people and contribute around £65.6 billion in annual tax revenue to the economy in the United Kingdom.
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ARMIN ORDODARY AND THE FSM SMART FRAUD
Media released a request for information about the broker fraud FSM Smart and its operator, Armin Ordodary, at the beginning of March 2017. We did, in fact, learn some important facts. After speaking with insiders, we were given the assurance that Armin Ordodary would merely serve as a front for a bigger organization. Not long after we requested it, FSM Smart modified its domain. The fact that the Scam Broker is still active online is another reality. We must reiterate our request for information because this is intolerable.
VERIFIED FSM INTELLIGENCE REGARDING ARMIN ORDODARY
Following the most recent call, we were informed that Armin Ordodary was the manager and founder of both the white-label broker platform provider NepCore and the SIAO Group. In the interim, both businesses have shut down their websites.
We have received confirmation that Armin Ordodary is a manager and shareholder of DOO, the upmarket Serbian company. This is purportedly a marketing firm that introduces fresh victims to broker scams, not a boiler room.
It has come to our attention that the Iranian-born resident of Cyprus and his businesses are merely a small component of a worldwide criminal network.
Information about the illicit broker scheme FSM Smart (www.fsmsmart.com) and its aggressive client acquisition strategy through Upmarket d.o.o., a Serbian boiler room, was provided to the media by whistleblowers. Benrich Holdings Ltd., a company based in Cyprus, is the sole shareholder in this boiler room. Armin Ordodary, a resident of Cyprus, is a director of both companies.
THE WARNINGS TO INVESTORS ABOUT ARMIN ORDODARY
Early in 2018, the illicit broker was introduced. Currently, investors are advised not to participate in the FSM Smart scheme (www.fsmsmart.com and http://www.fsmsmartscams.com).
The UK Financial Conduct Authority (FCA) warned investors against the plan in March of 2019.
ASIC, an Australian agency, warned investors not to participate in the broker scheme in April 2019.
August 2018: A warning was released by the Financial Markets Authority (FMA) of New Zealand.
October 2018: A warning was issued by FINMA, Switzerland’s financial market supervisory authority.
November 2018: The Manitoba-based Canadian watchdog, MSC, issued a warning to investors about FSM Smart.
According to reports, the FSM Smart contact address is Hertensteinstrasse 51, 6004 Luzern in Switzerland.
FSM SMART (ARMIN ORDODARY'S BRAINCHILD)
As one of the oldest and most innovative Forex brokers in the world, FSMSmart has elevated the entire industry to new heights. Both FSMSmart and its operations manager, FSM Smart Ltd., are well-known in the financial services industry.
Over 140 countries worldwide have benefited from the Company's noteworthy and well-founded financial services thanks to its brave service and steadfast dedication.
Because of the company's vast market expertise and experience, FSMSmart provides top-notch services. As we enhance our existing technology to enable the vast and volatile industry to establish a reliable and sound trading system, we continue to give the enormous value of the market to our clients.
The Company's founding members, who have been in the brokerage and forex industries for more than 50 years and who have been directing and instilling values in FSMSmart from its foundation, are financial professionals and adept financial service providers.
FSM Smart is constantly coming up with new ideas and methods to ensure that our clients have a luxurious and fulfilling experience. In addition, the company strives to offer the finest possible trading circumstances and top-notch client support while carefully selecting Account Managers to ensure success in forex trading.
FINANCIAL CONDUCT AUTHORITY
The UK government has no control over the Financial Conduct Authority (FCA), a financial regulator that is funded by fees collected from participants in the financial services sector. The FCA protects the integrity of the UK financial markets by regulating financial companies that offer services to consumers.
It focuses on how financial services companies, both retail and wholesale, are expected to behave. Similar to the FSA, which it replaced, the FCA is set up as a company limited by guarantee.
To establish regulatory standards for the financial industry, the Financial Policy Committee, the Prudential Regulation Authority, and the FCA collaborate. The FCA is responsible for the conduct of around 58,000 businesses which employ 2.2 million people and contribute around £65.6 billion in annual tax revenue to the economy in the United Kingdom.
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Armin Ordodary and the FSM Smart Fraud Allegations Fact-cheked (2024)
In March 2017, the media published a request for information regarding the broker fraud FSM Smart and its operator, Armin Ordodary. Indeed, we discovered a few noteworthy facts. We received confirmation that Armin Ordodary would just be a front for a larger organization after consulting with insiders. Shortly after we made the request, FSM Smart changed its domain name. Another reality is that the Scam Broker is still functioning on the internet. This is unacceptable, so we must reiterate our request for information.
Verified FSM Intelligence Regarding Armin Ordodary
Following the most recent call, we were informed that Armin Ordodary was the manager and founder of both the white-label broker platform provider NepCore and the SIAO Group. In the interim, both businesses have shut down their websites.
We have received confirmation that Armin Ordodary is a manager and shareholder of DOO, the upmarket Serbian company. This is purportedly a marketing firm that introduces fresh victims to broker scams, not a boiler room.
It has come to our attention that the Iranian-born resident of Cyprus and his businesses are merely a small component of a worldwide criminal network.
Information about the illicit broker scheme FSM Smart (www.fsmsmart.com) and its aggressive client acquisition strategy through Upmarket d.o.o., a Serbian boiler room, was provided to the media by whistleblowers. Berlin Holdings Ltd., a company based in Cyprus, is the only shareholder in this boiler room. Armin Ordodary, a resident of Cyprus, is a director of both companies.
The Warnings to Investors About Armin Ordodary
Early in 2018, the illicit broker was introduced. Currently, investors are advised not to participate in the FSM Smart scheme (www.fsmsmart.com and http://www.fsmsmarts.com).
The UK Financial Conduct Authority (FCA) warned investors against the plan in March of 2019.
ASIC, an Australian agency, warned investors not to participate in the broker scheme in April 2019.
August 2018: A warning was released by the Financial Markets Authority (FMA) of New Zealand;
October 2018: A warning was issued by FINMA, Switzerland’s financial market supervisory authority;
In November 2018, the Manitoba-based Canadian watchdog, MSC, issued a warning to investors about FSM Smart.
According to reports, the FSM Smart contact address is Hertensteinstrasse 51, 6004 Lucern in Switzerland.
FSM Smart (Armin Ordodary’s Brainchild)
As one of the oldest and most innovative Forex brokers in the world, FSMSmart has elevated the entire industry to new heights. Both FSMSmart and its operations manager, FSM Smart Ltd., are well-known in the financial services industry.
Over 140 countries worldwide have benefited from the Company’s noteworthy and well-founded financial services thanks to its brave service and steadfast dedication.
Because of the company’s vast market expertise and experience, FSMSmart provides top-notch services. As we enhance our existing technology to enable the vast and volatile industry to establish a reliable and sound trading system, we continue to give the enormous value of the market to our clients.
The Company’s founding members, who have been in the brokerage and forex industries for more than 50 years and who have been directing and instilling values in FSMSmart from its foundation, are financial professionals and adept financial service providers.
FSMSmart is constantly coming up with new ideas and methods to ensure that our clients have a luxurious and fulfilling experience. In addition, the company strives to offer the finest possible trading circumstances and top-notch client support while carefully selecting Account Managers to ensure success in forex trading.
Financial Conduct Authority
The UK government has no control over the Financial Conduct Authority (FCA), a financial regulator that is funded by fees collected from participants in the financial services sector. The FCA protects the integrity of the UK financial markets by regulating financial companies that offer services to consumers.
It focuses on how financial services companies, both retail and wholesale, are expected to behave. Similar to the FSA, which it replaced, the FCA is set up as a company limited by guarantee.
To establish regulatory standards for the financial industry, the Financial Policy Committee, the Prudential Regulation Authority, and the FCA collaborate. The FCA is responsible for the conduct of around 58,000 businesses which employ 2.2 million people and contribute around £65.6 billion in annual tax revenue to the economy in the United Kingdom.
0 notes
Text
Armin Ordodary and the FSM Smart Fraud (2024)
Media released a request for information about the broker fraud FSM Smart and its operator, Armin Ordodary, at the beginning of March 2017. We did, in fact, learn some important facts. After speaking with insiders, we were given the assurance that Armin Ordodary would merely serve as a front for a bigger organization. Not long after we requested it, FSM Smart modified its domain. The fact that the Scam Broker is still active online is another reality. We must reiterate our request for information because this is intolerable.
Verified FSM Intelligence Regarding Armin Ordodary
Following the most recent call, we were informed that Armin Ordodary was the manager and founder of both the white-label broker platform provider NepCore and the SIAO Group. In the interim, both businesses have shut down their websites.
We have received confirmation that Armin Ordodary is a manager and shareholder of DOO, the upmarket Serbian company. This is purportedly a marketing firm that introduces fresh victims to broker scams, not a boiler room.
It has come to our attention that the Iranian-born resident of Cyprus and his businesses are merely a small component of a worldwide criminal network.
Information about the illicit broker scheme FSM Smart (www.fsmsmart.com) and its aggressive client acquisition strategy through Upmarkt d.o.o., a Serbian boiler room, was provided to the media by whistleblowers. Benrich Holdings Ltd., a company based in Cyprus, is the only shareholder in this boiler room. Armin Ordodary, a resident of Cyprus, is a director of both companies.
The Warnings to Investors About Armin Ordodary
Early in 2018, the illicit broker was introduced. Currently, investors are advised not to participate in the FSM Smart scheme (www.fsmsmart.com and http://www.fsmsmarts.com).
The UK Financial Conduct Authority (FCA) warned investors against the plan in March of 2019.
August 2018: A warning was released by the Financial Markets Authority (FMA) of New Zealand;
October 2018: A warning was issued by FINMA, Switzerland’s financial market supervisory authority;
In November 2018, the Manitoba-based Canadian watchdog, MSC, issued a warning to investors about FSM Smart.
According to reports, the FSM Smart contact address is Hertensteinstrasse 51, 6004 Luzern in Switzerland.
FSM Smart (Armin Ordodary’s Brainchild)
As one of the oldest and most innovative Forex brokers in the world, FSMSmart has elevated the entire industry to new heights. Both FSMSmart and its operations manager, FSM Smart Ltd., are well-known in the financial services industry.
Over 140 countries worldwide have benefited from the Company’s noteworthy and well-founded financial services thanks to its brave service and steadfast dedication.
Because of the company’s vast market expertise and experience, FSMSmart provides top-notch services. As we enhance our existing technology to enable the vast and volatile industry to establish a reliable and sound trading system, we continue to give the enormous value of the market to our clients.
The Company’s founding members, who have been in the brokerage and forex industries for more than 50 years and who have been directing and instilling values in FSMSmart from its foundation, are financial professionals and adept financial service providers.
FSMSmart is constantly coming up with new ideas and methods to ensure that our clients have a luxurious and fulfilling experience. In addition, the company strives to offer the finest possible trading circumstances and top-notch client support while carefully selecting Account Managers to ensure success in forex trading.
Financial Conduct Authority
The UK government has no control over the Financial Conduct Authority (FCA), a financial regulator that is funded by fees collected from participants in the financial services sector. The FCA protects the integrity of the UK financial markets by regulating financial companies that offer services to consumers.
It focuses on how financial services companies, both retail and wholesale, are expected to behave. Similar to the FSA, which it replaced, the FCA is set up as a company limited by guarantee.
To establish regulatory standards for the financial industry, the Financial Policy Committee, the Prudential Regulation Authority, and the FCA collaborate. The FCA is responsible for the conduct of around 58,000 businesses which employ 2.2 million people and contribute around £65.6 billion in annual tax revenue to the economy in the United Kingdom.
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ARMIN ORDODARY, FSM SMART AND LAU GLOBAL SERVICES (2024)
In the era of CFDs and binary options, massive international forex scams arose, 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 the end of the FX gold rush. It took three more years for regulators to formally outlaw binary options. A few international forex scammers duped hundreds of thousands of retail investors between 2012 and 2017. One of the criminal groups that created a wave of illicit binary options, forex, and cryptocurrency trading methods is Lau Global Services Corp. Media has requested additional information to establish an EFRI funds recovery campaign.
The FSM Smart Broker Scheme by Armin Ordodary
The fraudulent broker scheme FSM Smart (www.fsmsmart.com) has been aggressively gaining clients through their Serbian boiler room 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 boiler room. Armin Ordodary, a resident of Cyprus, is a director of both companies. Upmarket is only one of the Lau Global Services Corp scheme's several boiler rooms. FinTelegram has information that indicates FSM Smart and Armin Ordodary are involved in the “Lau Scheme.”
The "Lau Scheme" has only a few minor branches, including the Serbian Upmarket d.o.o. Kiev, Ukraine, has served as something of an epicenter for additional boiler rooms that have already been discovered in other jurisdictions. For instance, call center addresses in Kiev were discovered by the Russian website Forex Scam (www.forex-scam.net). Apart from E&G Bulgaria, Lau Global Services Corp is unquestionably one of the biggest illicit broker enterprises on the planet. 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 illicit broker FSM Smart made its debut. Investor cautionary note regarding the current FSM Smart (www.fsmsmart.com) scheme:
August 2018: In the summer of 2018, the Financial Markets Authority (FMA) of New Zealand issued a warning on FSM Smart.
In November 2018, the Canadian watchdog 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 Services Network of Lau
It is clear that there are connections between the operators of the FSM Smart Scheme and other con artists, such as MTI Markets (www.mtimarkets.com). According to reports, Lau Global Services Corp., the company behind this unlawful broker, also ran the following other illicit broker schemes:
TradingMX (http://www.tradingmx.com)
(www.lgs-corp.com) LGS Corp.
(www.tradingbanks.com) TradingBanks
Trade12: https://www.trade12.com
mtimarkets.com, the website of MTI Markets
(www.grizzly-ltd.com) Grizzly
The following companies have been linked to the Lau Global Services Group by the Media team:
Belize’s Lau Global Services Corp.
Serbian Upmarket 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 the 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 Scheme.” The last several months have seen the disappearance of all the websites and social media accounts he is directly related to going offline. Only to bring up his SIAO Ltd. The reason behind this is the question.
Regulators from many jurisdictions issued numerous warnings to the brands and businesses connected to Lau Global Services Corp.
August 2015: MXTrade and Lau Global Services were the targets of an investor alert by the Italian CONSOB;
September 2015: MXTrade and Lau Global Services were the targets of an investor alert from Cyprus agency CySec;
April 2016: The Belgian Financial Services Authority (FSMA) cautioned investors;
Nov. 2016 saw the Australian regulator ASIC issue a warning to investors about MXTrade; Nov. 2016 saw the New Zealand regulator FMA issue a warning to investors about EXO Capital Markets Ltd. trading as Trade12;
Nov. 2017 saw the Guernsey regulator issue a warning to investors about Exo Capital Markets Ltd. trading as Trade12;
numerous other warnings regarding the various trading styles (domains/brands)
R Capital Solution's Declaration About MXTrade
The Facebook page of Lau Global Service Corp is still accessible, even though the majority of the network’s illicit broker websites have since gone offline. It is purported that R Capital Solutions Limited, a financial services firm registered in Cyprus (HE39292) with licence number 246/14, approved and regulated by the Cyprus Securities Exchange Commission, was the previous owner and operator of the MXTrade brand. 2015 saw the alleged transfer of the MXTrade name and customer base to Lau Global Services. R Capital Solutions, however, disputes that it ever had any relationship with MXTrade in a corresponding statement:
Individuals Found in the Network
The individuals listed in the FSMSmart network include Mathew Bradley, Ali Mahmoudi, and Armin Ordodary, a resident of Cyprus who is purportedly a former Windsor Brokers employee. Born in January of 1991, Armin Ordodary has registered multiple forex trading domains during the years of 2013 and 2014. In addition, he serves as the director of Bythos Yachts Management OU in Estonia.
The Well-Established Ties that Armin Ordodary
We are unable to determine at this time if Armin Ordodary was a lieutenant in Cyprus or one of the scheme’s masterminds. In actuality, we have managed to determine his affiliation with businesses, endeavours, and undertakings within the illicit brokering landscape. He has ties to both the Neoproject and SIAO Ltd, a provider of FOREX services. Additionally, we are aware that he oversees the Upmarket boiler room in Serbia, which provided services for the FSM Smart. He offered marketing services for the “lau Scheme`s illicit trading styles through Nepcore.
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Text
ARMIN ORDODARY AND THE FSM SMART FRAUD (2024)
Media released a request for information about the broker fraud FSM Smart and its operator, Armin Ordodary, at the beginning of March 2017. We did, in fact, learn some important facts. After speaking with insiders, we were given the assurance that Armin Ordodary would merely serve as a front for a bigger organization. Not long after we requested it, FSM Smart modified its domain. The fact that the Scam Broker is still active online is another reality. We must reiterate our request for information because this is intolerable.
VERIFIED FSM INTELLIGENCE REGARDING ARMIN ORDODARY
Following the most recent call, we were informed that Armin Ordodary was the manager and founder of both the white-label broker platform provider NepCore and the SIAO Group. In the interim, both businesses have shut down their websites.
We have received confirmation that Armin Ordodary is a manager and shareholder of DOO, the upmarket Serbian company. This is purportedly a marketing firm that introduces fresh victims to broker scams, not a boiler room.
It has come to our attention that the Iranian-born resident of Cyprus and his businesses are merely a small component of a worldwide criminal network.
Information about the illicit broker scheme FSM Smart (www.fsmsmart.com) and its aggressive client acquisition strategy through Upmarkt d.o.o., a Serbian boiler room, was provided to the media by whistleblowers. Benrich Holdings Ltd., a company based in Cyprus, is the only shareholder in this boiler room. Armin Ordodary, a resident of Cyprus, is a director of both companies.
THE WARNINGS TO INVESTORS ABOUT ARMIN ORDODARY
Early in 2018, the illicit broker was introduced. Currently, investors are advised not to participate in the FSM Smart scheme (www.fsmsmart.com and http://www.fsmsmarts.com).
The UK Financial Conduct Authority (FCA) warned investors against the plan in March of 2019.
ASIC, an Australian agency, warned investors not to participate in the broker scheme in April 2019.
August 2018: A warning was released by the Financial Markets Authority (FMA) of New Zealand;
October 2018: A warning was issued by FINMA, Switzerland’s financial market supervisory authority.
In November 2018, the Manitoba-based Canadian watchdog, MSC, issued a warning to investors about FSM Smart.
According to reports, the FSM Smart contact address is Hertensteinstrasse 51, 6004 Luzern in Switzerland.
FSM SMART (ARMIN ORDODARY’S BRAINCHILD)
As one of the oldest and most innovative Forex brokers in the world, FSMSmart has elevated the entire industry to new heights. Both FSMSmart and its operations manager, FSM Smart Ltd., are well-known in the financial services industry.
Over 140 countries worldwide have benefited from the Company’s noteworthy and well-founded financial services thanks to its brave service and steadfast dedication.
Because of the company’s vast market expertise and experience, FSMSmart provides top-notch services. As we enhance our existing technology to enable the vast and volatile industry to establish a reliable and sound trading system, we continue to give the enormous value of the market to our clients.
The Company’s founding members, who have been in the brokerage and forex industries for more than 50 years and who have been directing and instilling values in FSMSmart from its foundation, are financial professionals and adept financial service providers.
FSMSmart is constantly coming up with new ideas and methods to ensure that our clients have a luxurious and fulfilling experience. In addition, the company strives to offer the finest possible trading circumstances and top-notch client support while carefully selecting Account Managers to ensure success in forex trading.
FINANCIAL CONDUCT AUTHORITY
The UK government has no control over the Financial Conduct Authority (FCA), a financial regulator that is funded by fees collected from participants in the financial services sector. The FCA protects the integrity of the UK financial markets by regulating financial companies that offer services to consumers.
It focuses on how financial services companies, both retail and wholesale, are expected to behave. Similar to the FSA, which it replaced, the FCA is set up as a company limited by guarantee. To establish regulatory standards for the financial industry, the Financial Policy Committee, the Prudential Regulation Authority, and the FCA collaborate. The FCA is responsible for the conduct of around 58,000 businesses which employ 2.2 million people and contribute around £65.6 billion in annual tax revenue to the economy in the United Kingdom.
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Armin Ordodary and the FSM Smart Fraud (2024)
Media released a request for information about the broker fraud FSM Smart and its operator, Armin Ordodary, at the beginning of March 2017. We did, in fact, learn some important facts. After speaking with insiders, we were given the assurance that Armin Ordodary would merely serve as a front for a bigger organization. Not long after we requested it, FSM Smart modified its domain. The fact that the Scam Broker is still active online is another reality. We must reiterate our request for information because this is intolerable.
Verified FSM Intelligence Regarding Armin Ordodary
Following the most recent call, we were informed that Armin Ordodary was the manager and founder of both the white-label broker platform provider NepCore and the SIAO Group. In the interim, both businesses have shut down their websites.
We have received confirmation that Armin Ordodary is a manager and shareholder of DOO, the upmarket Serbian company. This is purportedly a marketing firm that introduces fresh victims to broker scams, not a boiler room.
It has come to our attention that the Iranian-born resident of Cyprus and his businesses are merely a small component of a worldwide criminal network.
Information about the illicit broker scheme FSM Smart (www.fsmsmart.com) and its aggressive client acquisition strategy through Upmarkt d.o.o., a Serbian boiler room, was provided to the media by whistleblowers. Benrich Holdings Ltd., a company based in Cyprus, is the only shareholder in this boiler room. Armin Ordodary, a resident of Cyprus, is a director of both companies.
The Warnings to Investors About Armin Ordodary
Early in 2018, the illicit broker was introduced. Currently, investors are advised not to participate in the FSM Smart scheme (www.fsmsmart.com and http://www.fsmsmarts.com).
The UK Financial Conduct Authority (FCA) warned investors against the plan in March of 2019.
August 2018: A warning was released by the Financial Markets Authority (FMA) of New Zealand;
October 2018: A warning was issued by FINMA, Switzerland’s financial market supervisory authority;
In November 2018, the Manitoba-based Canadian watchdog, MSC, issued a warning to investors about FSM Smart.
According to reports, the FSM Smart contact address is Hertensteinstrasse 51, 6004 Luzern in Switzerland.
FSM Smart (Armin Ordodary’s Brainchild)
As one of the oldest and most innovative Forex brokers in the world, FSMSmart has elevated the entire industry to new heights. Both FSMSmart and its operations manager, FSM Smart Ltd., are well-known in the financial services industry.
Over 140 countries worldwide have benefited from the Company’s noteworthy and well-founded financial services thanks to its brave service and steadfast dedication.
Because of the company’s vast market expertise and experience, FSMSmart provides top-notch services. As we enhance our existing technology to enable the vast and volatile industry to establish a reliable and sound trading system, we continue to give the enormous value of the market to our clients.
The Company’s founding members, who have been in the brokerage and forex industries for more than 50 years and who have been directing and instilling values in FSMSmart from its foundation, are financial professionals and adept financial service providers.
FSMSmart is constantly coming up with new ideas and methods to ensure that our clients have a luxurious and fulfilling experience. In addition, the company strives to offer the finest possible trading circumstances and top-notch client support while carefully selecting Account Managers to ensure success in forex trading.
Financial Conduct Authority
The UK government has no control over the Financial Conduct Authority (FCA), a financial regulator that is funded by fees collected from participants in the financial services sector. The FCA protects the integrity of the UK financial markets by regulating financial companies that offer services to consumers.
It focuses on how financial services companies, both retail and wholesale, are expected to behave. Similar to the FSA, which it replaced, the FCA is set up as a company limited by guarantee.
To establish regulatory standards for the financial industry, the Financial Policy Committee, the Prudential Regulation Authority, and the FCA collaborate. The FCA is responsible for the conduct of around 58,000 businesses which employ 2.2 million people and contribute around £65.6 billion in annual tax revenue to the economy in the United Kingdom.
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Armin Ordodary, FSM Smart and Lau Global Services
The FSM Smart Broker Scheme by Armin Ordodary
The fraudulent broker scheme FSM Smart (www.fsmsmart.com) has been aggressively gaining clients through their Serbian boiler room 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 boiler room. Armin Ordodary, a resident of Cyprus, is a director of both companies. Upmarkt is only one of the Lau Global Services Corp scheme’s several boiler rooms. FinTelegrem has information that indicates
The “Lau Scheme” has only a few minor branches, including the Serbian Upmarkt d.o.o. Kiev, Ukraine, has served as something of an epicentre for additional boiler rooms that have already been discovered in other jurisdictions. For instance, call centre addresses in Kiev were discovered by the Russian website Forex Scam (www.forex-scam.net). Apart from E&G Bulgaria, Lau Global Services Corp is unquestionably one of the biggest illicit broker enterprises on the planet. 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 illicit broker FSM Smart made its debut. Investor cautionary note regarding the current FSM Smart (www.fsmsmart.com) scheme:
August 2018: In the summer of 2018, the Financial Markets Authority (FMA) of New Zealand issued a warning on FSM Smart.
In November 2018, the Canadian watchdog in Manitoba (MSC) issued an investor warning against FSM Smart, while the financial market regulatory organisation in Switzerland,
FINMA issued a warning against the company. FSM Smart’s contact address is reportedly Hertensteinstrasse 51, 6004 Luzern in Switzerland.
The Global Services Network of Lau
It is clear that there are connections between the operators of the FSM Smart scams and other con artists, such as MTI Markets (www.mtimarkets.com). According to reports, Lau Global Services Corp., the company behind this unlawful broker, also ran the following other illicit broker schemes:
TradingMX (http://www.tradingmx.com/)
(www.lgs-corp.com) LGS Corp.
(www.tradingbanks.com) TradingBanks
mtimarkets.com, the website of MTI Markets
(www.grizzly-ltd.com) Grizzly
The following companies have been linked to the Lau
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 (Vanatu)
Most of the 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 Scheme.” The last several months have seen the disappearance of all the websites and social media accounts he is directly related to going offline. Only to bring up his SIAO Ltd. The reason behind this is the question.
Regulators from many jurisdictions issued numerous warnings to the brands and businesses
Connected to Lau Global Services
August 2015: MXTrade and Lau Global Services were the targets of an investor alert by the Italian CONSOB;
September 2015: MXTrade and Lau Global Services were the targets of an investor alert from Cyprus agency CySec;
April 2016: The Belgian Financial Services Authority (FSMA) cautioned investors.
Nov. 2016 saw the Australian regulator ASIC issue a warning to investors about MXTrade; Nov. 2016 saw the New Zealand regulator FMA issue a warning to investors about EXO Capital Markets Ltd. trading as Trade12;
Nov. 2017 saw the Guernsey regulator issue a warning to investors about Exo Capital Markets Ltd. trading as Trade12; numerous other warnings regarding the various trading styles (domains/brands)
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