ITGSolution Review

About ITGSolution

ITGSolution operates under the trading name “ITGSolution” and the legal entity Dev Global LLC, incorporated August 2021 in St. Vincent & The Grenadines, and appointing Euro‑Caribbean Trustees Ltd as corporate agent. It offers deposits via credit/debit cards, bank wire, using payment processors including PraxisPay, BP Wallet, and Jeton and claims to provide investment services. The Spanish regulator CNMV issued a warning on April 10, 2023, stating DEV GLOBAL LLC (ITGSolution) is not authorised to provide investment services under applicable Spanish law. The UK’s Financial Conduct Authority likewise issued a warning on July 13, 2023, stating ITGSolution is not authorised to provide financial services in the UK. Both regulators advise consumers to avoid this firm, underscoring the lack of regulatory protection and potential risk to client funds.

Multiple reputable sources categorize ITGSolution as a scam. FinTelegram reports that the scheme has been active since January 2023, targeting investors in Europe and Canada, highlighting the use of non‑regulated payment facilitators and confirming the absence of any regulatory authorisation. Numerous customer complaints document difficulties withdrawing funds, repeated solicitations for further deposits, and loss of contact post‑investment.

Pros and cons

Pros

• No confirmed legitimate regulatory authorisation—this is not a pro, but clarifies there are no purported strengths in regulation or oversight.

Cons

• Operating without regulatory authorisation; added to warning lists by CNMV (April 10, 2023) and FCA (July 13, 2023).
• Use of unregulated payment processors (PraxisPay, BP Wallet, Jeton) and obscured jurisdictional oversight.
• Documented customer complaints of blocked or unfulfilled withdrawal requests after investment.