The German Federal Financial Supervisory Authority (Bundesanstalt für Finanzdienstleistungsaufsicht – BaFin) has ordered Euro Wealth OÜ, operating Prestige Financial Markets brokerage brand to cease offering illegal cross-border trading services to German investors. BaFin said that the above-mentioned company offers German clients CFDs on currencies, equities, commodities, indicia and cryptocurrencies and it is not authorized to do so. The regulator also noted that Euro Wealth OÜ was formerly known as Allpro Tech OÜ, and Nostro Technology OÜ. Euro Wealth OÜ is a company registered in Estonia, but the local Finantsinspektsioon itself warned investors that the entity is not authorized to provide investment services in the country. Furthermore, UK’s Financial Conduct Authority (FCA) has added Prestige Financial Markets owned by AllProTech OÜ to its warning list in August 2018. Besides, both Italy’s CONSOB and NZ’s FMA have issued warnings against GlobalFXm – a brokerage brand operated by Nostro Technology OU. An obvious bucketshop.