We have recently started monitoring the Key Way Group, founded by Romanian entrepreneur Octavian Patrascu, and published an initial review. The group operates the online broker Capex through Key Way Investments Ltd, a CySEC-regulated entity, and also runs ClickTrades via KW Investments Limited, an offshore company registered in Seychelles.
In our June 14, 2022 review, we found that Capex appears to violate ESMA and CySEC regulations by allowing pre-KYC deposits in unlimited amounts via bank wire. Below is a breakdown of our findings.
Key Data
- Trading Name: Capex
- Related Brands: ClickTrades, Key Way Investments
- Domains:
- Legal Entities:
- Key Way Investments Ltd (Cyprus)
- KW Investments Ltd (Seychelles)
- Jurisdictions: Cyprus, Seychelles
- Regulators:
- CySEC (License No. 292/16) – Key Way Investments Ltd
- FSA Seychelles – KW Investments Ltd
- Payment Options:
- Bank wire, e-wallets, alternative payment methods
- Payment Providers:
- Unicredit Bank AG (via Payabl.cy Ltd d/b/a Payabl)
- Astrobank Public Company Ltd
- PayPal, Rapid, Skrill
- Key Individuals:
- Octavian Patrascu
- Constantin Patrascu
- Anghel Ciprian
- Mircea Ursache
- Madalina Rotaru
Capex Pre-KYC Deposits via Bank Wire
💰 Bank transfers to Capex bank accounts are processed through Unicredit Bank AG via Payabl.cy Ltd and Astrobank Public Company Ltd in Cyprus.
💰 Pre-KYC deposits were observed in our test transactions, allowing users to deposit even before verifying their email address, identity, or residency.
💰 Deposit limits (pre-KYC):
- Up to €100,000 via credit/debit cards, Skrill, Neteller, PayPal
- Up to €5,000 via Rapid
🚨 These practices raise concerns regarding compliance with ESMA and CySEC regulations, which typically require KYC verification before funding accounts.
Payabl’s Role in Processing Payments
📌 Payabl.cy Ltd, previously known as PowerCash21, has a history tied to high-risk payment processing.
📌 Key figures behind Payabl include:
- Franky RC Schoonbaert (a.k.a. Frank Schoonbaert)
- Nissim Zarfati
- Ruediger Trautmann (former Wirecard executive)
📌 Follow the Payabl profile on PayCom42 for further insights.
Share Your Information
If you have any details about Key Way Group, Capex, ClickTrades, or the individuals and partners involved, please share them via our whistleblower platform, Whistle42.