B Kaz Trading Ltd: Cyprus Front Company Scam Using Trading 212

In investment referrals carried out under the Trading 212 name, payments were found to be received not by the platform itself but into the account of a company named B Kaz Trading Ltd. The word “Trading” in the name gives, at first glance, the impression of a payment to a brokerage; yet the recipient shown on the payment receipt is a Cyprus-registered limited company with no documented official link to the platform.

🚩 How Is Payment Directed to This Company?

The scheme starts with the name of a well-known global platform. The investor is told they will trade through Trading 212TR; account opening and the “balance top-up” step are handled by a representative. The instruction to deposit money is given not through the platform's own payment screen but through an IBAN sent by message.

The owner of the IBAN is not Trading 212 but B Kaz Trading Ltd. The transfer is made from a bank in Türkiye as a FAST/EFT (Turkish domestic transfer systems) payment of the personal type. The receipt contains no wording related to an investment service, which makes it harder to prove later for what purpose the money was sent.

🔍 What Has Been Established

🧾 Why a Cyprus-Registered Company?

The practical effect of tying collection to a Cyprus-registered company is gaining time. The Turkish Republic of Northern Cyprus (TRNC) has a legal order separate from Türkiye; an attachment order obtained in Türkiye is not directly enforceable there, and a separate enforcement judgment is needed for compulsory enforcement. While this process runs, there is time for the account to be emptied.

On the other hand, the act itself is committed in Türkiye: the investor is persuaded in Türkiye and the payment leaves an account in Türkiye. Where the name is registered does not prevent the matter from being investigated in Türkiye.

🔗 Other Examples of the Same Method

It had been established before that investment platforms receive payments into accounts of Cyprus-registered companies. Articles on similar arrangements: Eğmez Prestige Investment LimitedTR and Dental Technology Investment LTDTR. The common point is that, even when the brand on the front changes, the money is sent to a foreign-registered name unrelated to its line of business.

❓ Frequently Asked Questions

For detailed information and legal support, you can contact Savun Law & Consultancy.