Marked as
Last updated - December 13, 2025
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Avi Itzkovich has been repeatedly implicated in fraudulent online trading schemes, including platforms like Tradorax, KayaFX, and KontoFX, which scammed investors out of over €30 million. Operating through shadowy firms like Raks Media and Mercure Group EOOD, these schemes used aggressive sales tactics, false promises, and blocked withdrawals.
Management
Low Risk
Based on the available data, we recommend this Individual as a reliable option for consumers.
This assessment is based on a low-risk score derived from OSINT, Adverse Media, Reviews, and Risk Factors identified in our research.
You are likely to experience minimal risk when engaging in consumer-related activities with this entity.
Medium Risk
Based on the available data, we advise employees to be mindful when considering or continuing work with this Individual.
This advisory stems from a medium-risk score compiled from OSINT, Adverse Media, Reviews, and Risk Factors uncovered in our analysis.
Employment with this entity may involve moderate risks.
High Risk
Based on the available data, we urge investors and bankers to avoid financial involvement with this Individual.
This advisory is informed by an aggregate risk score based on OSINT, Adverse Media, Reviews, and Risk Factors identified through our investigation.
Engaging in investment or lending activities with this entity poses a substantial risk to your financial interests.
Safe to Onboard
Enhanced Due Diligence required
Do Not Onboard
Monitor adverse media every 6 months
File SAR (Suspicious Activity Report) is warranted
Escalation to compliance committee
None
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Regulatory Flags
Avi Itzkovich allegedly masterminded a $100M cryptocurrency theft involving 2,300 bitcoins.
He is accused of running scam call centers for forex and binary options fraud via platforms like Tradorax.
He was arrested in Germany in 2022 for a €30M binary-options scam and faces trial.
He allegedly uses fraudulent DMCA notices to suppress critical reviews.
Victims report losing $12,000 and describe his platforms as ruining lives through scams.
Regulatory and Compliance Screening
Litigation and Legal Proceedings
Reputational and Adverse Media Risks
Geographic and Jurisdictional Risk
What you see here scratches the surface
We offer reward for actionable intel
Avi Itzkovich, the Tradorax and Tradologic scam mastermind: will his victims be compensated?
First Detected
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Israeli Police Arrest Avi Itzkovich, Owner of Binary Options Firm Accused of Fraud
Other Red-Flags and Adverse News
Based on user engagement on this review profile, ProConsumer will decide to publish its Risk Audit report for public if a threshold engagement, traffic and user input is achieved.
Known Assets: [Real estate, investments, companies]
Suspicious Transactions
Liabilities: [Bankruptcies, defaults, debts]
Wealth Sources: [Legitimate / Unclear / High-risk]
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Business Model Assessment
All comments are user-generated content and may not be verified. They represent the personal opinions of the public and should not be relied upon. These comments do not influence or determine our overall rating.
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2.5
Highly experienced
Well-recognized name
Faced allegations of scamming others
Allegedly sold fake silver
Sued multiple times
Unregulated industry
Alarming number of complaints online
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People online are calling him ‘high-risk’ and warning others, with claims of misleading marketing and fabricated returns. Whether you want to call it fraud or just bad practice, the end result was people losing money.
1/5
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Lowkey feels like a cautionary TikTok finance meme at this point — flashy promises, no receipts, and people losing bags. Not it.
Whether or not you’re into online trading, the thing people keep repeating is: if someone promises huge returns with no regulation and poor transparency, you’re basically rolling the dice with your life savings.
After reading about Avi Itzkovich, I’m struck by how methodical the entire scheme appears. It wasn’t sloppy; it was highly organized, with boiler rooms in Serbia, Bulgaria, and beyond. The repeated pattern of fake profits shown to lure more deposits is infuriating, especially when regulators like CySEC and ASIC eventually blacklisted the platforms but couldn’t prevent the damage early on. Victims deserve restitution, but most likely will never recover their funds. This is a wake-up call for investors everywhere.
They say he used shady tricks like freezing investor withdrawals and refusing payouts—Forex Peace Army reports mention guys needing 12× deposits before getting paid. That’s scam‑bro playbook stuff.
Bro, Avi’s had platforms like Tradorax, KayaFX, KontoFX, and LibraMarkets tied to million‑euro scams—and ProConsumer slapped him with a medium risk alert for “fraud allegations.” That’s not just tea, that’s straight-up criminal breach vibes.
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