Escovest Scam Warning: FCA-Listed Forex and Crypto Site

Escovest is a platform that claims, through the domain escovest.com, to offer forex, CFD and crypto asset trading, presenting itself as if it were based in London. On 20 July 2026 the UK Financial Conduct Authority (FCA) added this site to its list of firms operating without authorisation. As of October 2026 the domain's name server record has been removed and the site cannot be reached.

📇 Contact Details in the FCA Entry

• Domain: escovest.com — registered on 6 September 2025
• Stated address: 1 Canada Square, Canary Wharf, London E14 5AB
• Phone: +1 365 277 71 52 (Ontario, Canada area code)
• Email: [email protected]

The address belongs to one of London's best-known office towers, while the phone number is a North American line.

🚩 How the Derivatives and Crypto Front Works

In the warning network of the International Organization of Securities Commissions (IOSCO), Escovest's products are classified as forex, CFDs, options and crypto assets. In schemes of this kind the investor is shown a rising balance on a dashboard, then a larger deposit is requested, and the withdrawal request is held up with reasons such as tax, commission or a verification fee. Moving part of the money to crypto exchange accountsTR is also a common step.

⚖️ Authorisation Status in Türkiye

Escovest is not authorised in Türkiye by the Capital Markets Board (SPK) and is not on the list of SPK-authorised intermediary institutions. SPK Decision No. 8/297 of 24.02.2017 expressly characterises the offering of services to investors in Türkiye by overseas leveraged trading sites as unauthorised activity.

🔗 Similar Crypto-CFD Platforms

We have previously reviewed other sites that show a London address and promise crypto and CFD trading.

🧭 The Process for Escovest Victims

1. The amounts sent by card, bank transfer or crypto transfer are traced, and the routes for recovering money sent abroad are assessed.
2. The scheme of showing a fake balance and blocking withdrawals is treated as qualified fraud committed through information systemsTR.
3. The holders of the accounts the payment reached are identified in the investigation.

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

❓ Frequently Asked Questions