07.11.2024
TradeWin24 Blocked, Clients Furious!
No sign of Owners and Directors!
No sign of Owners and Directors!
On the Serbian brokerage and financial market, it would seem that nothing new is happening. While Interactive Brokers continues to increase the number of investors who, quite logically, place their trust in it, brokers founded in Serbia continue to struggle in the absurdity of their own business model in the era of large online brokerage players and increasingly give themselves over to resale arrangements, while only a small number attempt to develop their own trading platforms, such as Erste Bank, and capture the part of the market that Interactive Brokers still leaves to domestic brokers. The quiet summer period is usually marked by very little information about Serbian brokers, especially negative information.
Enter TradeWin24. So that Serbian investors would not fall asleep from the lack of news on the Serbian brokerage market, TradeWin24 brokerage house, the former bankrupt Sinteza Invest Group, always makes sure to keep things lively. It continues to prove the old Serbian saying that you cannot make a pie out of filth, and its modus operandi is always the same: establish a company, blur the regulatory picture for the average investor, take their money, and shut the company down. In just a few months, we recorded the following at TradeWin24:
BLOCKED TRADING BY SERBIAN INVESTORS THROUGH TRADEWIN24!
For some Serbian investors, though not for us who had been warning all along, the news came like a bolt from the blue: TradeWin24 clients could no longer access their accounts, transactions were not going through, and funds already transferred to TradeWin24 could no longer be seen on the company’s phantom platform. We warned and warned that TradeWin24 founders Miroslav Radaković, Srdjan Bošković, and Djordje Mandić are financial swindlers, gamblers, kleptomaniacs, and, most importantly, financial ignoramuses who do not understand even the basics of investing, and that any partnership with them in brokerage business would cost dearly anyone who came into contact with them. It is therefore no surprise that their transfers to Interactive Brokers have been blocked, because their reputation is becoming known to a broader circle of people who sooner or later, more or less painfully, learn the truth about this financial scheming group.
What actually happened? Several clients who still “trade” through TradeWin24 complained that they could not access their funds, some said they could not see their money in their accounts, while others said they could not send funds through TradeWin24 to brokerage accounts abroad. According to our reliable sources, in addition to their inability to ensure continuous and secure service for Serbian clients, the reasons for the new chaos created by TradeWin24 are twofold.
1. The first reason is that TradeWin24 received an informal ban on reselling Interactive Brokers services. As the largest brokerage house in the world, and even in tiny Serbia, Interactive Brokers absolutely does not want suspicious clients or suspicious transactions being conducted through them, and that is precisely what TradeWin24 has been doing.
2. The second reason is competitive. NLB Bank, through which transactions were routed to TradeWin24 accounts abroad, is also the owner of the NLB Trader application, and it stopped further transactions because, quite logically, why would it support a competitor while at the same time bearing the enormous reputational risk of cooperation with TradeWin24, which could lead it into legal trouble.
As in previous cases, TradeWin24 does not speak voluntarily, and neither does the Securities Commission, which should be reacting urgently. The only information communicated through official channels was TradeWin24’s response to questions from Djordje Ostojić, owner of the YouTube channel “Lične finansije,” who relayed the company’s statement. In its incoherent statement, TradeWin24 claims that it did everything correctly and that the problems are not its fault but somebody else’s, just as always before. Who that “someone else” is always remains a new question for TradeWin24, part of the same insolence and scheming that has been repeating itself for years. The only interesting part of their statement is the mention of the Securities Commission, which is supposedly familiar with the entire issue and allegedly knows what the problem is.
So why then does the Securities Commission, which never seems to interfere in its own work, not issue a statement explaining what is happening with TradeWin24? And while already on the subject, why not explain how it gave a license in the first place to the phantom scheming organization called TradeWin24? It does not need to explain how its offices are largely filled with party loyalists, but it could explain how inspector Goran Kuprešanin, the very image of Serbian bureaucracy and incompetence, who led oversight of the now-bankrupt Sinteza Invest Group, resurrected today as TradeWin24, became Secretary of the Securities Commission immediately after that catastrophe, instead of facing the consequences of his incompetence and retiring from public service.
Enter TradeWin24. So that Serbian investors would not fall asleep from the lack of news on the Serbian brokerage market, TradeWin24 brokerage house, the former bankrupt Sinteza Invest Group, always makes sure to keep things lively. It continues to prove the old Serbian saying that you cannot make a pie out of filth, and its modus operandi is always the same: establish a company, blur the regulatory picture for the average investor, take their money, and shut the company down. In just a few months, we recorded the following at TradeWin24:
- Trading by Serbian investors through TradeWin24 blocked.
- The disappearance of director Stefani Marunović, who had been at TradeWin24 since its founding.
- The hiding and disappearance of shareholder Stanko Popović, one of TradeWin24’s founders.
BLOCKED TRADING BY SERBIAN INVESTORS THROUGH TRADEWIN24!
For some Serbian investors, though not for us who had been warning all along, the news came like a bolt from the blue: TradeWin24 clients could no longer access their accounts, transactions were not going through, and funds already transferred to TradeWin24 could no longer be seen on the company’s phantom platform. We warned and warned that TradeWin24 founders Miroslav Radaković, Srdjan Bošković, and Djordje Mandić are financial swindlers, gamblers, kleptomaniacs, and, most importantly, financial ignoramuses who do not understand even the basics of investing, and that any partnership with them in brokerage business would cost dearly anyone who came into contact with them. It is therefore no surprise that their transfers to Interactive Brokers have been blocked, because their reputation is becoming known to a broader circle of people who sooner or later, more or less painfully, learn the truth about this financial scheming group.
What actually happened? Several clients who still “trade” through TradeWin24 complained that they could not access their funds, some said they could not see their money in their accounts, while others said they could not send funds through TradeWin24 to brokerage accounts abroad. According to our reliable sources, in addition to their inability to ensure continuous and secure service for Serbian clients, the reasons for the new chaos created by TradeWin24 are twofold.
1. The first reason is that TradeWin24 received an informal ban on reselling Interactive Brokers services. As the largest brokerage house in the world, and even in tiny Serbia, Interactive Brokers absolutely does not want suspicious clients or suspicious transactions being conducted through them, and that is precisely what TradeWin24 has been doing.
2. The second reason is competitive. NLB Bank, through which transactions were routed to TradeWin24 accounts abroad, is also the owner of the NLB Trader application, and it stopped further transactions because, quite logically, why would it support a competitor while at the same time bearing the enormous reputational risk of cooperation with TradeWin24, which could lead it into legal trouble.
As in previous cases, TradeWin24 does not speak voluntarily, and neither does the Securities Commission, which should be reacting urgently. The only information communicated through official channels was TradeWin24’s response to questions from Djordje Ostojić, owner of the YouTube channel “Lične finansije,” who relayed the company’s statement. In its incoherent statement, TradeWin24 claims that it did everything correctly and that the problems are not its fault but somebody else’s, just as always before. Who that “someone else” is always remains a new question for TradeWin24, part of the same insolence and scheming that has been repeating itself for years. The only interesting part of their statement is the mention of the Securities Commission, which is supposedly familiar with the entire issue and allegedly knows what the problem is.
So why then does the Securities Commission, which never seems to interfere in its own work, not issue a statement explaining what is happening with TradeWin24? And while already on the subject, why not explain how it gave a license in the first place to the phantom scheming organization called TradeWin24? It does not need to explain how its offices are largely filled with party loyalists, but it could explain how inspector Goran Kuprešanin, the very image of Serbian bureaucracy and incompetence, who led oversight of the now-bankrupt Sinteza Invest Group, resurrected today as TradeWin24, became Secretary of the Securities Commission immediately after that catastrophe, instead of facing the consequences of his incompetence and retiring from public service.
`And as a reward, he gets to spend taxpayers’ money on pointless trips around the world, taking part in even more pointless seminars from which nobody benefits except himself. We understand that perhaps this is also a way to sideline him, since he refuses to retire, but as long as rotten compromises are being made when it comes to expertise and competence, our capital market will remain exactly that, rotten and backward, just as it is now. As for the expertise of the Securities Commission and the incompetence of Jovan Kuprešanin in connection with TradeWin24 (Sinteza Invest Group), we will write in greater detail in one of our upcoming articles.`
CEO STEFANI MARUNOVIC ABANDONS SINKING SHIP!
The news broke like a bolt from the blue that Stefani Marunović, the former director of TradeWin24 and previously a coffee maker at Sinteza Invest Group, had been thrown out of TradeWin24. Ms. Marunović is, in one sense, as insignificant as she is important to the TradeWin24 story. What is this about? After brutally robbing the clients of Sinteza Invest Group, Miroslav Radaković, Srdjan Bošković, and their financier errand boy Srdjan Mandić knew that the Securities Commission would revoke their licenses. They also knew that, because of their reputations, they would not be able to qualify as investors or directors in a new brokerage house, since the Commission’s rules treat the reputation of an individual as crucial for the establishment of a brokerage firm. So they devised a plan to bypass that requirement by appointing Stefani Marunović, a coffee maker at Sinteza Invest Group, as director and thereby removing the reputational obstacle. Marunović, of course, accepted the role seriously, immersed herself in it, and began genuinely believing that she was the CEO of TradeWin24, rather than a fictitious figure used to blur the fact that the real directors were Radaković and Bošković.
Before the ink on her directorial signatures had even dried, Marunović was thrown out, because the parody called TradeWin24 was effectively over. The small number of retail clients moved to Interactive Brokers or to other Serbian brokers, while TradeWin24 remained only as a vehicle for the private trading of its directors and pseudo-founders. After everything, Marunović evidently felt used and sought both business and emotional comfort with her lover in a phantom project with the peculiar name “Finansijski putokaz,” which, according to them, is a “financial-media agency focused on financial markets, crypto, economics, and investing.” Her obsession with educating others and running investing courses was simply transferred from TradeWin24 into this company. What remains unclear is how a coffee maker could teach anyone anything about financial markets, when her closest contact with the stock market was making sandwiches and vacuuming offices for Miroslav Radaković, also known as the “Bernie Madoff of Žarkovo,” the biggest financial fraudster in the Balkans.
The disappearance of the former director of TradeWin24 is yet another sign of the company’s complete collapse. While sources inside TradeWin24 claim that she was dismissed because their “visions did not align,” Marunović herself has remained silent. We asked her for comment, but by the time of publication she had not replied.
Instead of the former coffee maker, TradeWin24 appointed as general director yet another figure who could best be described as a “useful idiot.” Djordje Mandić, one of the founders of Sinteza Invest Group, left a deep mark on its bankruptcy, and since the real directors Radaković and Bošković remain hidden, the well-known Mandić now serves as an administrative errand boy and additional financier of Radaković, the gambling hedonist. How long this financing role will continue remains to be seen, probably, as the saying goes, until the very last euro.
`THE HIDING AND DISAPPEARANCE OF SHAREHOLDER STANKO POPOVIĆ (FOUNDER OF TRADEWIN24)
To ensure that the dark series surrounding TradeWin24 continues, Stanko Popović, the former founder of TradeWin24 and owner of Elixir Group, who allegedly distanced himself from the company, made sure of it. In fact, from the very beginning Stanko Popović lacked the courage to appear in any direct connection with TradeWin24, so he pushed the formal ownership onto his wife, Snežana Popović, who, according to records from the Serbian Business Registers Agency, was one of the founders of TradeWin24 with a 20% share. According to the latest agency records, Snežana Popović transferred her share to lawyer Igor Marković, who appears as a director in a number of companies linked to the owners of TradeWin24. This suggests a possible maneuver in which, at least on paper, the Popović family has no connection to TradeWin24 for reputational reasons, while still retaining part of the ownership through lawyer Marković.
The second possibility is that the Popović family genuinely exited TradeWin24, and that Marković is taking over their share, because in that case the real owner of TradeWin24, Srdjan Bošković, would end up holding the largest stake, which would be risky in the context of a qualifying holding in a brokerage house and the potential consequences of his future manipulations of clients.
In any event, the disappearance of businessman Popović, shown in the photograph, as a founder of TradeWin24 is yet another sign of how unprofitable TradeWin24 is and how much it has become the private toy of two men without a compass, Srdjan Bošković and Miroslav Radaković, for their legendary catastrophic trades and manipulations through which they robbed the clients of Sinteza Invest Group, a subject we will cover in greater detail in the next article.