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Rodeler Limited, 24option, and broker schemes [Part 1]

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24option is a forex and CFD broker platform operated by the licensed companies Rodeler Limited, Cyprus, and Richfield Capital Limited, Belize. FinTelegram has received information on its first report that some illegal and fraudulent broker schemes would misuse the license and company data of Rodeler and Richmond Capital. The respective perpetrators are evidently organized in a large scale operation that can harm Rodeler and 24option as well as misled investors. The FinTelegram Research Team will continue to investigate and report on this matter.

Rodeler Limited

The Cyprus-registered Rodeler Limited was established in October 2012 to operate the binary options platform 24option ( And they are still around with their Forex and CFD trading brand 24option. According to the Times of Israel, Roey Hayun, who has been serving a prison sentence for money laundering and running illegal gambling establishments in Israel is the founder of Currently, the company is run by Kfir Cohen and Uzi Baruch.

In 2013, the Ontario Securities Commission (OSC), Canada, has issued a warning against Rodeler Limited.

Rodeler Limited doing business as,,, and is not registered in Ontario, Canada to engage in the business of (i) trading in securities or (ii) advising anyone with respect to investing in, buying or selling securities.

OSC warning against Rodeler Limited (April 2013)

In July 2016 the subsidiary Rodeler DE GmbH was established in Cologne, Germany, to operate its boiler room and marketing activities. The German branch acts as a so-called tied and approved agent for Cyprus Rodeler Limited.

The Group of companies

According to the websites of Rodeler Limited ( and Richfield Capital Limited (, both companies are part of the very same group of companies. The latter has an agreement with a Wonderbridge Services Limited for the provision of payment services.

According to the information on, Cyprus-registered Wonderbridge Services is a subsidiary of Richfield Capital Ltd. The company’s director is Uzi Baruch, who is also director of Rodeler Limited. Given the fact, the Rodeler group of companies has

  • Rodeler Limited, Cyprus (regulated by CySEC)
  • Richfield Capital Ldt, Belize (regulated by IFSC)
  • Wonderbridge Services Ltd, Cyprus

This Rodeler group of companies is presented on a variety of illegally operating broker schemes as the operator. FinTelegram is currently investigating this situation. It may or may not be that some perpetrators illegally use Rodeler data to defraud investors.

Share Information

If you have information about the Rodeler group and/or broker schemes claiming to be part of this group our FinTelegram Research Team would be more than happy to learn about it. Please share your information via our whistleblower system:

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