Officially, PGSellers is an online education provider selling courses, ebooks, or education packages to would-be online traders. However, we have already discovered PGSellers as an illegal payment processor forYuanPay, IGM Holdings, HQ Trade,  FinoCapital, and others.

PGSellers is a registered merchant with several payment services providers and is owned by the British Paul Solinsky, who is also a director and beneficial owner of Ecore Merchant Service (profile).

We are aware that the sellers of so-called education packages or courses for consumers who want to learn online trading operate primarily as Introducing Brokers (IB) and as illegal payment processors for scams. Victims of various scams have sent us payment documents showing that they have made deposits via PGSellers‘ bank accounts at PayPal, Deutsche Handelsbank, or Klarna. We included PGSellers in our Black Signal Compliance list based on our findings.

In March 2022, PGSELLERS filed an application for a voluntary strike-off.