Securities Authority warns against 'King of Trading' from Dubai

The Israel Securities Authority has issued a warning against Dmitri (Dima) Osmolovsky, operating from Dubai under the aliases dimafx and dimfx0 through the company Saving Capital. The authority warns that his activities may constitute managing investment portfolios without a license and referring to an unlicensed trading platform. Osmolovsky approaches Israeli investors in Hebrew on social networks, Telegram, and Discord, and directs them to the GODO trading platform. The authority emphasizes the licensing requirement and warns against the lack of supervision.

The Israel Securities Authority has published a warning to the investing public against Dmitri (Dima) Osmolovsky, known by the aliases dimafx and dimfx0, operating from Dubai through the company Saving Capital. According to the authority, Osmolovsky offers management of investment portfolios without a proper license, and also directs investors to open a trading account on the GODO trading platform, which does not hold a license from the authority. The activity is conducted through Hebrew-language publications on websites, social networks, Telegram groups, and Discord. In a podcast from last year, Osmolovsky presented himself as the "King of Trading" and spoke about his involvement in day trading of forex, gold, crypto, and futures, noting that all his profits are invested in real estate in Dubai. The authority emphasizes that portfolio management requires a license, and that unlicensed activity is not subject to supervision and the protection mechanisms applicable to license holders. Osmolovsky's location in Dubai is likely the reason the authority is limiting itself to a warning and not taking substantial legal action.