The online broker Eurotrader offers investors both forex and CFDs. Their base of operations is in the Marshall Islands, and they have a registration with the financial regulator there. Unfortunately, this jurisdiction is often used to avoid the stricter rules set by regulators like the FCA and CySEC. This isn’t necessarily a problem, but there are signs that something isn’t right. The broker’s parent company, Eurotrade Global Ltd, also operates the broker ET Global Investments Ltd in the UK, without the required FCA authorization.

Eurotrader Contradictory Account Types

Another major red flag concerning this broker is a lack of consistency on their own website. In the account types section, they list four different accounts, Bronze, Premium, Platinum, and Exclusive. They say that the higher accounts offer better spreads, higher leverage, and a higher maximum number of positions. However, in the trading accounts and conditions, they list their accounts as Micro, Gold, and VIP. These accounts show similar benefits but with different values from the previously mentioned accounts. It’s not clear which is right or how a broker could make such an oversight.

Eurotrader Minimum Deposit and Demo Accounts

It takes a minimum deposit of $250 to open an account with Eurotrader, while most brokers require only $100. The broker says that they offer a demo account for traders to familiarize themselves with their offerings. Traders can register, but the demo account is nonfunctional and doesn’t actually allow users to make virtual demo investments. The lack of transparency and clarity of communication shown by this broker should give any potential clients a reason to question them.

Lackluster Spreads

The demo account doesn’t let traders check out the broker’s spreads, but even the spreads that the broker lists on their website aren’t very attractive. Their EUR/USD spread is 1.4, while most investors would be looking for closer to 1.0. This pair is typically a good indicator of a broker’s spreads in general, and it’s indicating that Eurotrader doesn’t have much to offer.

We Help Victims Stand Up To Offshore Brokers

Dealing with offshore brokers can be very difficult for traders who don’t know how to handle them. These brokers offer their services to residents of countries with strong financial regulators that instill trust in financial service providers. Unfortunately, these offshore brokers don’t have any of the trader protections that their clients expect. If you’ve lost money trading with an offshore broker, contact us today for a free consultation on how we can help recover your funds.

Is Eurotrader a scam?

Eurotrader is a broker without regulation, operating offshore, from the Marshall Islands. Therefore, it is not safe nor legit. Offshore brokers are hard to track in case of scams. This is why it is always better to trade with tier-1 regulated broker such as FCA or ASIC.

Is Eurotrader regulated?

No, Eurotrader broker is not regulated by any authority body. It is conducting financial services illegally in all the countries. Be aware of this broker!

Where is Eurotrader based?

Eurotrader is an offshore broker, based in the Marshall Islands. It’s an offshore broker, that cannot be trusted. Brokers are going offshore to escape being sued for their actions. That is why we can consider this broker not safe.

A platform allegedly dedicated to help you grow and improve as a trader should be properly regulated and supervised by financial authorities. In this case, this HighBTCStock review is talking about an outright scammer that blatantly lies about their legal status and licenses. 

The “perfect” trading conditions, how the fake platform describes their risky environment are not something you wish to define your trading potential and success. Keep reading to learn about the tricks these cheap fraudsters use and how to combat scam in case you’ve fallen victim to it.

Legal Issues

In the legal sense, this firm is nothing short of a fictitious entity with no registration or Forex license. The fake UK address is too general to be associated with a particular firm. 

Additionally, the main regulatory body in the country, FCA, has no information about this shady company. It could as well be a one-man-firm that only tries to appear legit online, but only consists of one fake online trading website.

Funds invested with this business are not protracted with the usage of segregated bank accounts. No compensation plans or risk-reduction strategies are employed, either. You should stay away from Met500 as well, since they also claim to be a reputable UK firm, but are nothing else but a fraudulent scheme in reality. 

Paid Reviews Skew Reputation

Visiting the firm’s TrustPilot page, you’d think that they are clean as a whistle. Almost all of the comments are positive, and sing praises about the quality of service.

So, how come there aren’t any testimonials on other sites like SiteJabber? Looking into the comments in more detail reveals that they were actually posted by review seller networks, and do not constitute genuine client opinions.

How The Scheme Functions

By searching through the WhoIs database, we found out the highbtcstock.com fraud was launched in July 2023. Most of the victims reside in these nations:

• Spain
• France
• Portugal
• Netherlands
• Italy

Instead of using any form of public advertising, faux companies like this or IS6 rely on boiler room agents to do the dirty work. They solicit the services of an unlicensed firm, often by phone, or online chat services. Seeing their reputation on ratings sites, some people eventually decide to invest.

Unfortunately, that’s where the problems start, as the investments are stolen by these swindlers. It’s still possible to recover the money, so get in touch with our legal team for more information.

Untransparent About Conditions

The trading terms explained on the website are quite vague. The promised leverage is up to 1:200, which breaches the UK regulatory standard of 1:30 maximum. 

Other than that, nothing else is known about the costs. None of the legal papers clarify these parameters. Although there’s a separate web page that should elaborate on this subject, only useless rubbish and weasel words are used to call these unknown trading conditions flexible and lucrative. No actual proof of their profitability exists. 

Disappointingly Bad Trading Features

Without first using the referral code to create an account, you won’t be able to access the majority of the features. That doesn’t matter much though, because all of these glorified options and tools are completely counterfeit and do not actually appear on the platform at all. The sign up requirement prevents you from even exploring the trading environment.

Questionable Web Software

Successful trading doesn’t rely on promises made by fake Forex dealers. Industry leading brokerage powerhouses make sure traders have access to the latest technological solutions. When it comes to the HighBTCStock platform, advertisements say it’s an advanced piece of software for a fully customized trading experience. 

However, reaching this miraculous terminal is impossible without an account that first requires an invitation code. In such circumstances, we may as well say that no platform is provided at all and it won’t make any difference.

No Listed Assets

Not only is the website not transparent enough in this sense, but we could not determine the available assets from the platform, either. Here’s what the site partially markets as tradeable asset groups:

• Forex (EUR/USD, USD/GBP, EUR/CHF, USD/JPY)
• CFDs (on stocks, commodities, indices and currencies)
• Crypto (BTC, ETH, and LTC)

Tiered Account Insanity

There’s a mind boggling amount of different HighBTCStock account tiers, with ever increasing costs.

What’s interesting is that the claimed benefits include “access to trading room” and “access to trading”, but only for accounts that already cost €250,000 and more! If this were true, the owners of cheaper accounts won’t be able to trade at all, even though they’ve invested a small fortune!

Here’s an overview of minimum deposits:

• Bronze – €10,000
• Silver – €25,000
• Gold – €50,000
• Platinum – €100,000
• Diamond – €250,000
• Premium – €500,000
• VIP – €1,000,000
• Islamic – on demand

Transfer Methods

Under the pretense of providing the safest and quickest monetary transactions, this cyber criminal allegedly supports following channels:

• Credit Cards
• Wire transfers
• Crypto
• E-wallets

Of course, the taxes, fees and potential trading volume requirements aren’t even remotely mentioned. All for the purpose of giving you an impression of the fastest and swiftest transactions in the world. A separate official document wasn’t uploaded, so you won’t have a chance to get a glimpse of truth that way either.

Unreachable Customer Support

It’s only possible to get in touch with this faux broker through a contact form on the website. You can also risk going back to the boiler room agent that got you into the mess in the first place, and waste your money.

Unfortunately, dealing with these unlawful entities means you forfeit any warranties, and that includes an honest customer support team.

Safety First!

Double checking your Forex dealer is always recommended – you never know what you may find or what records are stashed in the databases of the regulatory bodies. That’s why we always advise our audience to only invest with properly regulated brokerage brands with multiple licenses. 

If, by any chance, you were already tricked into depositing with this sham, please contact us immediately and before it’s too late. Our legal experts and recovery professionals can guide you through the process of taking your funds back. 

FAQ Section

What is High BTC Stock?

It is an unlicensed forex service provider, operating through boiler room agents.

Is HightBTCStock a Regulated Broker?

No, the company is not registered or regulated anywhere in the world, and is operating with no license!

What Can I Do If I Was Scammed Online?

Get in touch with our legal team. With their guidance, you may file a chargeback and start fighting back for your money!

BiteBTC is one of those companies offering you a wide range of investment offers without any pedigree. Some of their main features are API-automated trading options, but we all know how it usually ends.

In any case, once you complete reading this BiteBTC review, you will know why to avoid them. After all, their licensing says it all.

Legal Info: Is BiteBTC Legit Or A Scam?

There are numerous indications that the BiteBTC exchange is nothing but a scam. Primarily because the company doesn’t have any Digital Asset Service Provider (DASP) license, neither are they listed as a reliable crypto exchange.

Therefore, all the money you are sending to this company is a waste. Not to mention that many of the company’s features on the website don’t work properly. So, you can imagine what’s happening after you complete the BiteBTC login procedure.

Who Are BiteBTC’s Clients?

Without regulations, any company can target any country they want. It’s all about preferences. Yet, experienced traders already know how to distinguish between scams and trusted companies. On the other hand, inexperienced traders from the following countries don’t know: 

• India
• United States
• France
• Indonesia
• Spain

 If you are coming from any of those, let us know what’s your experience with this exchange. Ultimately, our refund specialists can analyze your case and offer you a step-by-step solution.

Traders’ Reviews

As the leading warning sign, we can definitely put it in the first place BiteBTC Trustpilot reviews. In fact, 18 out of 18 comments come with a negative experience, which is quite a disturbing sign. 

It appears that everything about this crypto exchange is fake. Starting with the trading platform, fees, market data, and withdrawals. Not to mention, the company doesn’t have any customer support features. So, you can imagine the misery of their clients. If you were also one of those who were defrauded, contact our refund experts for advice.

Investment Costs With BiteBTC

One of the key aspects of any crypto exchange is its fees. Whether we are talking about exchange fees, transaction fees, or anything else. Apparently, this firm offers a 0.2% trading fee for all cryptos and variable deposit and withdrawal fees.  

BiteBTC Trading Features

If you were wondering is BiteBTC a trustworthy exchange, here comes another clue. Not only do they have a poorly designed web-based platform, but they only have 40 followers on BiteBTC’s Twitter account. That tells you enough about their credibility.

Trading Platform Available

As mentioned, instead of trusted apps, this company offers a web-based trading platform. In general, experienced traders know these platforms are easily manipulated. But we are here to educate inexperienced clients. Don’t buy it, and never settle for anything that’s not proven.

Available Trading Assets

The company name says everything. This firm only offers crypto trading options. However, even those are highly questionable since they are not regulated. In any case, you can invest in: 

• Bitcoin
• Litecoin
• Ethereum
• Ripple, and more.

Account Types

If you didn’t realize through all of the facts this is a scam, here are some other clues. Firstly, you can check Reddit comments about this firm. 

But another clue is that the company doesn’t offer any promotion, which is generally the case with licensed exchanges. Once you trade higher volumes, you get better conditions. But with this scam company, that’s not the case.

Mobile Trading App

Of course, without dedicated mobile trading apps, you can’t trust any brokerage. Especially if they only offer web-based platforms like BiteBTC scam crypto exchange. But to find out why you should look for a reliable software choice, read our Lewcoin review.

Demo Account

Understandably, every scam firm is hiding its trading conditions and doesn’t offer a demo account. But in any case, we suggest you look for Tier 1 licensed exchanges and avoid any irregularities. 

In any case, before you start trading with this firm, check Tokenlab BiteBTC fees.

Education

Another key fact is that this crypto exchange doesn’t offer any education about cryptocurrencies. This is highly suspicious, considering the volatility of cryptos. Not to mention, these features are not predictable either. But to see what education features not to trust, check our Vlom review as well.

BiteBTC Withdrawal

According to many BiteBTC reviews, many traders were facing withdrawal problems. Since the company is not offering a transparent withdrawal policy, nothing more is expected. 

So, you can expect a wide range of problems with this firm. Primarily verification and AML law issues. But also, non-existent fees and taxes you have to pay. All in all, every downside of unregulated crypto exchange is present here.

Customer Support

If you were looking for ways to get in touch with the company’s representatives you can expect a lot of trouble. In the first place, they don’t offer any kind of support options, which is quite surprising. Yet, they expect you to believe they are going to handle your money well.

Key Information To Consider About BiteBTC

As one of the first warning signs, we can list the awful reviews about the company. Literally, every single person involved with this firm was scammed. Of course, without regulations, nothing more is expected. In any case, with such an anonymous and mysterious approach, you can only expect problems. Especially during withdrawal procedures.

That’s why we have a refund team prepared to help you with any obstacle you are finding. The only thing you have to do is book the first free consultation. No obligations, no hidden fees, or anything else. Get in touch today and find out everything you need to know on how to get your money back.

FAQ Section

What is BiteBTC?

BiteBTC is an anonymous scamming crypto exchange that has been manipulating crypto investors all over the world since 2017.

How Much Volume Does BiteBTC Have?

Currently, the BiteBTC crypto exchange has just over $1M in the trading volume. Compared to some Top-Tier licensed exchanges, this is peanuts.

Where is BiteBTC Located?

To be honest, this firm doesn’t reveal it’s headquarters. But regardless of their office address, you can get your money back quickly. Get in touch to find out how.

Fidelis Wealth Management Review 2023 – Is Fidelis Wealth Management legit or a scam?

In the dynamic realm of online trading and investments, the rise of deceptive entities pretending to be reputable brokers poses a significant concern. Fidelis Wealth Management has garnered attention recently due to suspected fraudulent activities, generating apprehension and necessitating thorough scrutiny. Through this extensive Fidelis Wealth Management review, our objective is to offer an impartial evaluation by presenting verifiable facts and information obtained from reputable and trustworthy sources.

Fidelis Wealth Management, operating at https://fwm-lmtd.com, raises suspicion as a broker. While their website is accessible, the provided address in Lancy, SWITZERLAND (Av. des Morgines 12, 1213), demands scrutiny. Furthermore, the Financial Conduct Authority (FCA) in the United Kingdom has issued a warning. Potential clients are urged to exercise caution, considering the FCA’s alert and the need for thorough due diligence. In the dynamic landscape of financial services, vigilance is paramount. Verify details, heed warnings, and prioritize the security of your investments when considering Fidelis Wealth Management.

 Website – https://fwm-lmtd.com

Website Availability – Yes

 Address – Av. des Morgines 12, Lancy, SWITZERLAND, 1213

 Warned By – Financial Conduct Authority (United Kingdom)

Domain Age of Fidelis Wealth Management

Identifying a Scam Broker: Key Indicators

Unregulated and Unlicensed

One of the foremost indicators of a potential scam broker, as emphasized in the Fidelis Wealth Management Review, is the absence of regulation and licensing. Legitimate brokers are required to obtain licenses from reputable financial regulatory authorities, a crucial step in guaranteeing adherence to stringent industry standards and rules.

Investors face a heightened risk of encountering fraudulent practices when dealing with unregulated and unlicensed brokers. The absence of clear regulatory oversight and licensing poses significant concerns regarding the broker’s credibility and the security of clients’ assets. It is crucial to exercise caution and conduct due diligence when engaging with such brokers to safeguard your financial interests.

Negative Feedback and Scam Reports

The prevalence of negative feedback and scam reports from clients and industry professionals, as emphasized by Fidelis Wealth Management Review, is a telltale sign of a scam broker. Several reports of fraudulent operations, immoral behavior, and financial losses raise doubts about the company’s credibility. Before entrusting their investments to any brokerage firm, potential clients should conduct research and examine the experiences of others. To protect your financial interests, it’s critical to stay knowledgeable and vigilant.

Poor Customer Support and Withdrawal Issues

Scam brokers frequently use delayed or denied withdrawal requests to keep clients’ assets and prevent them from leaving the platform. Customers become frustrated and have worries about the company’s honesty when payments are not available or are delayed for an extended period.

Protecting Your Investments From Scams

Trading in markets like Forex, Binary Options, and Cryptocurrency can be lucrative, but it comes with risks, including potential encounters with deceitful brokers. Protecting your assets from scams like Fidelis Wealth Management and other fraudulent entities requires vigilance and a proactive approach. Here are essential precautions to consider when dealing with dubious brokers:

• Before engaging a broker, do extensive research on them. Investigate their licenses, regulatory status, and track record.
• Check online Fidelis Wealth Management reviews, forums, and social media platforms for feedback and experiences shared by other traders. This can provide valuable insights into the broker’s reputation and reliability. You can also check our list of scam brokers 2023.
• Only choose brokers that are properly regulated and licensed by recognized financial authorities.
• Ensure the broker has a physical address and contact details that can be verified.
• Read through their terms and conditions, privacy policy, and risk disclosures to understand their policies and procedures.
• Evaluate the broker’s customer support services before opening an account. Prompt and efficient customer support is essential for addressing queries, concerns, and issues.
• Be wary of brokers that make extravagant promises, such as guaranteed profits or high returns with minimal risk.
• Remember that trading involves inherent risks, and no broker can guarantee consistent profits.
• Review the broker’s withdrawal policies and procedures. Ensure they provide clear and straightforward processes for withdrawing funds.
• Don’t rush into decisions. Take the time to evaluate all aspects and make an informed choice.

Traders can lessen their risk of falling victim to Fidelis Wealth Management or other scams and preserve their financial assets by following these suggestions and keeping cautious. Keep in mind that extensive research and due investigation, such as reading a Fidelis Wealth Management review, are critical to ensure a safe and dependable trading experience.

Are you a victim of the Fidelis Wealth Management scam? Get your lost money back!

If you are the one who got scammed by Fidelis Wealth Management or other fraud, the best solution recommended for getting your lost money back is Report Scam Community

We are one of the few legit recovery assistance organizations that are concerned with a victim’s recovery from losses. We are a committed team of Recovery specialists who have already helped hundreds of scam victims in recovering their lost money. Report Scam provides free consultation and anyone can register by filling out a very short complaint form.

Fidelis Wealth Management Review: Fidelis Wealth Management Scam Conclusion

Given the facts and traits frequently linked to fraudulent businesses, it is impossible to ignore the concerns surrounding Fidelis Wealth Management, as indicated in the Fidelis Wealth Management Review, as a possible scam. When choosing a broker, traders and investors should proceed with extreme caution, making sure they select a reputable, licensed, and regulated company. Making sure a broker is legitimate, looking for unbiased evaluations, and doing extensive research are all crucial steps in safeguarding against fraud and financial losses.

Also, to prevent yourself from scams like – Forex scams, Binary scams, Romance/Dating scams, Cryptocurrency scams, or any other scams, you should pick a broker or company regulated by some major regulators like FCA, FINMA, SEC, FMA, ASIC, etc. Check the reviews of brokers and also read the policies and terms and conditions.

To read more about Scam Brokers and their Reviews, Visit Scam Brokers 2023 Page to avoid Cryptocurrency trading scams, Forex trading scams, or other online scams.

Note: The Fidelis Wealth Management review written above is influenced by the other Fidelis Wealth Management reviews already present on the web. We are not liable for any legal action from the Fidelis Wealth Management company. In case of any query please mail us at info@reportscam.net.

Globalasseststrade.org Review 2023 – Is Globalasseststrade.org legit or a scam?

In the dynamic realm of online trading and investments, the rise of deceptive entities pretending to be reputable brokers poses a significant concern. Globalasseststrade.org has garnered attention recently due to suspected fraudulent activities, generating apprehension and necessitating thorough scrutiny. Through this extensive Globalasseststrade.org review, our objective is to offer an impartial evaluation by presenting verifiable facts and information obtained from reputable and trustworthy sources.

Exercise caution with GlobalAssetsTrade.org, a dubious broker. The website, https://globalasseststrade.org/, is currently unavailable, raising concerns about its legitimacy. With no disclosed address, transparency is lacking. The Australian Securities and Investments Commission (ASIC) has issued a warning, underscoring the potential risks associated with this entity. Stay vigilant and consider this cautionary alert when evaluating your investment options, as the absence of website availability and regulatory warnings signal potential red flags in the financial landscape. Protect your assets by staying informed and steering clear of questionable brokers like GlobalAssetsTrade.org.

Website – https://globalasseststrade.org/

Website Availability – No

Address – NA

Warned By – Australian Securities and Investments Commission (Australia)

Identifying a Scam Broker: Key Indicators

Unregulated and Unlicensed

One of the foremost indicators of a potential scam broker, as emphasized in the Globalasseststrade.org Review, is the absence of regulation and licensing. Legitimate brokers are required to obtain licenses from reputable financial regulatory authorities, a crucial step in guaranteeing adherence to stringent industry standards and rules.

Investors face a heightened risk of encountering fraudulent practices when dealing with unregulated and unlicensed brokers. The absence of clear regulatory oversight and licensing poses significant concerns regarding the broker’s credibility and the security of clients’ assets. It is crucial to exercise caution and conduct due diligence when engaging with such brokers to safeguard your financial interests.

Negative Feedback and Scam Reports

The prevalence of negative feedback and scam reports from clients and industry professionals, as emphasized by Globalasseststrade.org Review, is a telltale sign of a scam broker. Several reports of fraudulent operations, immoral behavior, and financial losses raise doubts about the company’s credibility. Before entrusting their investments to any brokerage firm, potential clients should conduct research and examine the experiences of others. To protect your financial interests, it’s critical to stay knowledgeable and vigilant.

Poor Customer Support and Withdrawal Issues

Scam brokers frequently use delayed or denied withdrawal requests to keep clients’ assets and prevent them from leaving the platform. Customers become frustrated and have worries about the company’s honesty when payments are not available or are delayed for an extended period.

Protecting Your Investments From Scams

Trading in markets like Forex, Binary Options, and Cryptocurrency can be lucrative, but it comes with risks, including potential encounters with deceitful brokers. Protecting your assets from scams like Globalasseststrade.org and other fraudulent entities requires vigilance and a proactive approach. Here are essential precautions to consider when dealing with dubious brokers:

• Before engaging a broker, do extensive research on them. Investigate their licenses, regulatory status, and track record.
• Check online Globalasseststrade.org reviews, forums, and social media platforms for feedback and experiences shared by other traders. This can provide valuable insights into the broker’s reputation and reliability. You can also check our list of scam brokers 2023.
• Only choose brokers that are properly regulated and licensed by recognized financial authorities.
• Ensure the broker has a physical address and contact details that can be verified.
• Read through their terms and conditions, privacy policy, and risk disclosures to understand their policies and procedures.
• Evaluate the broker’s customer support services before opening an account. Prompt and efficient customer support is essential for addressing queries, concerns, and issues.
• Be wary of brokers that make extravagant promises, such as guaranteed profits or high returns with minimal risk.
• Remember that trading involves inherent risks, and no broker can guarantee consistent profits.
• Review the broker’s withdrawal policies and procedures. Ensure they provide clear and straightforward processes for withdrawing funds.
• Don’t rush into decisions. Take the time to evaluate all aspects and make an informed choice.

Traders can lessen their risk of falling victim to Globalasseststrade.org or other scams and preserve their financial assets by following these suggestions and keeping cautious. Keep in mind that extensive research and due investigation, such as reading a Globalasseststrade.org review, are critical to ensure a safe and dependable trading experience.

Are you a victim of the Globalasseststrade.org scam? Get your lost money back!

If you are the one who got scammed by Globalasseststrade.org or other fraud, the best solution recommended for getting your lost money back is Report Scam Community

We are one of the few legit recovery assistance organizations that are concerned with a victim’s recovery from losses. We are a committed team of Recovery specialists who have already helped hundreds of scam victims in recovering their lost money. Report Scam provides free consultation and anyone can register by filling out a very short complaint form.

Globalasseststrade.org Review: Globalasseststrade.org Scam Conclusion

Given the facts and traits frequently linked to fraudulent businesses, it is impossible to ignore the concerns surrounding Globalasseststrade.org, as indicated in the Globalasseststrade.org Review, as a possible scam. When choosing a broker, traders and investors should proceed with extreme caution, making sure they select a reputable, licensed, and regulated company. Making sure a broker is legitimate, looking for unbiased evaluations, and doing extensive research are all crucial steps in safeguarding against fraud and financial losses.

Also, to prevent yourself from scams like – Forex scams, Binary scams, Romance/Dating scams, Cryptocurrency scams, or any other scams, you should pick a broker or company regulated by some major regulators like FCA, FINMA, SEC, FMA, ASIC, etc. Check the reviews of brokers and also read the policies and terms and conditions.

To read more about Scam Brokers and their Reviews, Visit Scam Brokers 2023 Page to avoid Cryptocurrency trading scams, Forex trading scams, or other online scams.

Note: The Globalasseststrade.org review written above is influenced by the other Globalasseststrade.org reviews already present on the web. We are not liable for any legal action from the Globalasseststrade.org company. In case of any query please mail us at info@reportscam.net.

The first Alter-Coin.net website is unavailable and as for the second one, it’s all fumbled and messy. To make matters worse, it’s all but transparent in terms of the information it provides.

We undertook to expose this anonymous cyber trading scam in our Alter-Coin.net Review. Please read our analysis to learn how to identify fraudsters and what to do in case they get the better of you and steal your money.

Legal Info: Is Alter-Coin Regulated?

No. We found a regulatory warning issued against this anonymous website by the Manitoba Securities Commission (MSC) on November 7, 2023. 

The Canadian financial market authority says that “ALLTERCOIN and alter-coin.net are not (and never have been) registered in Manitoba to engage in the business of trading securities or advising anyone with respect to investing in, buying, or selling securities,” adding that this broker claims to be operating from Switzerland.

Do not believe this lie, this certainly isn’t a Swiss brokerage firm. It’s an anonymous trading hoax designed to fool users and take their money, just like Coinbitio.

Instead of trusting unlicensed imposters, you should stick to regulated providers operating under the supervision of esteemed financial authorities such as the FCA (UK), CFTC & NFA (US), ASIC (Australia), IIROC (Canada), BaFin (Germany), MAS (Singapore), CySEC (Cyprus), etc.

Who Are AlterCoin’s Targets?

According to godaddy.com/whois, the now unavailable altercoin.net.com website domain was created on December 6, 2022, while alter-coin.net appeared on August 20, 2023. Since then, the financial swindler has mainly been offering services to unwary traders who reside in the following countries:

• Canada;
• Moldova.

Canada is known for heavy financial market regulations, especially when it comes to digital assets. One such law stipulates that each financial market participant is required to possess a necessary license or permit, and Alter-Coin.net does not, according to the MSC.

This phony broker is directly violating Canadian regulations by offering leverage north of 1:100 when the legal cap for retail clients in that country is 1:50.

Trader Reviews – Sharing Experiences

On sitejabber.com, both of the scammer’s websites received relatively positive feedback. However, we doubt these reviews are honest given the shady background of the broker and the disorganized websites. 

There are two complaints though. One user posted a screenshot of the AlterCoin trader platform so we got to see how it looks. “It’s a fraud, still trying to get my money back,” the unfortunate victim said. Analysis pages such as webparanoid.com gave the broker an embarrassingly low trust score, indicating poor website traffic. 

Fake reviews are a common trick scammers use to create an illusion and deceive traders so please avoid trading on unregulated platforms (e.g. RRR Capital) and instead stick to transparent and licensed providers.

Which Trading Platform Is Available?

Alter-Coin.net claims to offer a fairly simple web-based platform that supports popular trading instruments and options such as Forex currency pairs, indices, commodities, stocks, and cryptocurrencies.

However, the demo account is only available after you open a live account and deposit real money in it, i.e. not something you’d want to do. We saw the platform on the review screenshot and all we can say is you should avoid using it, it’s lackluster.

If you want a pure trading experience, you should stick to licensed providers that support proper third-party software such as MetaTrader 4, MetaTrader 5, or cTrader. 

MT platforms are arguably the best in the industry, enabling traders to utilize innovative tools such as automated & algorithmic trading, advanced charting, live market reports, branch optimization, 20+ timeframes, EAs, a user-friendly interface, etc.

Leverage, Spreads, Commissions, Demo Account

The maximum leverage that Alter-Coin.net offers is 1:150, which, as we mentioned, is significantly higher than the legal cap for retail clients in North America (1:50). High leverage can amplify potential profits but also potential losses, and the latter usually occurs.

As for the spreads, the broker simply mentioned “tight spreads” without disclosing any values. There are seemingly no trading commissions, according to the website.

The demo account is available under one unfavorable condition – you must first open a real trading account and fund it. Once the real account is set up, you should contact your personal account manager for the demo version.

What’s the point in having a free demo account if you first have to deposit real funds? If you are a beginner, you should not be risking real money straight away, which is why every legitimate firm nowadays offers a demo account. 

Deposit and Withdrawal Process

Alter-Coin.net states that there are three available payment methods that can be used to fund live trading accounts:

• Credit/debit cards (MasterCard, VISA);
• Wire transfers;
• Cryptocurrencies.

In case you deposited funds via MasterCard or VISA credit/debit cards, you can request a chargeback at the issuing bank within 540 days and reverse the transaction. Wires can be reversed via a recall but this action can only work for transactions yet to be completed.

The reason why scammers prefer crypto payments is that they are extremely hard to trace and reverse, plus such a method allows them to remain anonymous and run their schemes.

To reverse crypto transactions, you’re going to need to seek out professional assistance as these types of payments can be a nightmare to refund. Luckily, we have a team of experts that can help you recover your funds.

Key Facts To Consider About Alter-Coin.net

To sum up our AlterCoin review, our verdict is that this platform is a scam that targets mainly traders from Canada and Moldova.

We do not recommend this platform because it is unregulated and blacklisted by the Canadian MSC. Several traders reported withdrawal issues. In case you have also lost money to the Alter-Coin.net scam, you must seek our professional help to recover your funds!

Use the form below to book your free consultation with Scam Brokers Reviews and tell us more about your case. Our team will gladly guide you through the fund recovery process and assist you every step of the way.

Book your consultation with us today and start the chargeback process.

FAQ Section

What is Alter-Coin.net?

Alter-Coin.net is an anonymous trading scam pretending to be a legitimate Swiss broker with high leverage and a web platform.

Is AlterCoin a Legit Broker?

Absolutely not. This broker has no trading license! Alter-Coin.net appears on the MSC’s warning list.

Can I Recover Crypto Stolen by a Scam Broker?

Yes, but not on your own. Hence, we recommend you book a consultation with us and give us the details. Our team can help you.

The Spanish watchdog managed to catch this fraudster red-handed during the summer. We did our own investigation to uncover the malevolent plot. 

Hence, our unforgiving Fortune Capital Trade FX Review will open your eyes to the truth about this investment platform. Please read our analysis to find out how you can recover your hard-earned funds from dubious firms such as Fortune Capital Trade FX and Noble Markets. 

Legal Info: Is Fortune Capital TradeFX Regulated?

The trickster’s website claims this business is based in New Zealand (registration number #1168820). However, this registration ID belongs to a different company – Propio Holdings Limited. Fortunate Capital LTD was actually incorporated in the UK until its dissolution on March 14 this year.

As mentioned, we found a Fortune Capital Trade FX warning issued by the Spanish financial market authority, the CNMV. The warning appeared on July 10, 2023, saying that “Fortune Capital LTD is not authorised to provide the investment services…” This means that the firm is illicit.

Instead of trusting unlicensed imposters, you should stick to regulated providers operating under the supervision of esteemed financial authorities such as the FCA (UK), CFTC & NFA (US), ASIC (Australia), IIROC (Canada), BaFin (Germany), MAS (Singapore), CySEC (Cyprus), etc.

Who Are Fortune Capital Trade FX’s Targets?

According to godaddy.com/whois, the fortunecapitaltradefx.com website domain was created on August 20, 2022. Since then, the financial swindler has mainly been targeting unwary traders who reside in the following countries:

• United States;
• United Kingdom;
• Dominican Republic;
• Armenia.

The US and UK in particular are known for heavy financial market regulations, especially when it comes to digital assets. One of the key laws stipulates that each financial market participant is required to possess a necessary license or permit.

By now you know that Fortune Capital Trade FX is a virtually anonymous website with no authorization to operate anywhere. Even the firm’s website is bogus, per webparanoid.com. 

Trader Reviews – Sharing Experiences

Fortune Capital Trade FX received nothing but negative feedback on popular forums such as trustpilot.com and scamadviser.com. These complaints helped us understand how the investment scam functions.

“Each time you try to do a withdrawal they ask you to do another deposit to activate the withdrawal,”

one trader stressed, indicating that the firm attempted to charge an illegal upfront fee. 

There are a couple of fake reviews as well. It’s a common trick scammers such as Fortune Capital Trade FX and Time Markets use to create an illusion and deceive traders. For that reason, please avoid trading on unregulated platforms and instead stick to transparent and licensed providers.

How the Investment Scam Works

Judging by what we read on the forums, we concluded that this investment scheme works like any other – withdrawal issues are inevitable. Shady bonuses with strings attached are awarded to traders to prevent them from withdrawing funds while the scammer promises unrealistic daily returns.

Furthermore, it seems that Fortune Capital Trade FX demands an illicit upfront fee before allowing users to withdraw any funds whatsoever. 

There is also a referral program in-store. This is actually a Ponzi scheme in disguise, a plot designed to pay existing investors with funds collected from new investors. Please do not drag your close ones into this mess. In case you’ve already deposited your funds, we can help you recover the money.

Which Trading Platform Is Available?

The unscrupulous provider did not reveal whether there is a trading platform available or not, who takes over clients’ money and where it is invested, etc.

Nevertheless, if you want a pure trading experience, you should stick to licensed providers that support proper third-party software such as MetaTrader 4, MetaTrader 5, or cTrader. 

MT platforms are arguably the best in the industry, enabling traders to utilize innovative tools such as automated & algorithmic trading, advanced charting, live market reports, branch optimization, 20+ timeframes, EAs, a user-friendly interface, etc.

Available Investment Plans

Deposit and Withdrawal Process

The shady company did not disclose which payment methods can be used to deposit funds. However, we found out that funds can be withdrawn to Bitcoin wallets. Fees and the minimum deposit requirement are unknown as well, which just shows the alarming lack of transparency.

The reason why scammers prefer crypto payments is that they are extremely hard to trace and undo, plus such a method allows them to remain anonymous and run their schemes.

To reverse crypto transactions, you’re going to need to seek out professional assistance as these types of payments can be a nightmare to refund. Luckily, we have a team of experts that can help you recover your funds.

Key Facts To Consider About Fortune Capital Trade FX

To sum up our review, our verdict is that this investment platform is a pure scam that targets mainly traders from the United Kingdom, the United States, the Dominican Republic, and Armenia.

We do not recommend this platform because it is unregulated and blacklisted by the Spanish CNMV. Several traders reported withdrawal issues. In case you have also lost money to the Fortune Capital Trade FX scam, you must seek our professional help to recover your funds!

Use the form below to book your free consultation with Scam Brokers Reviews and tell us more about your case. Our team will gladly guide you through the fund recovery process and assist you every step of the way.

Book your consultation with us today and start the chargeback process.

FAQ Section

What is Fortune Capital Trade FX?

Fortune Capital Trade FX is an anonymous investment scam that is blacklisted by the Spanish CNMV.

How Does Fortune Capital Trade FX Operate?

Fortune Capital Trade FX is operating illegally without a license, despite the company’s dissolution in March 2023.

Is There a Way to Recover Money From an Online Trading Scam?

It is possible. We recommend you book a consultation with us and tell us how it happened. We have experts who can trace your crypto payment.

One of the first things you realize is that this company presents itself as Swiss-based. Yet, they claim to operate according to the laws of Saint Vincent and the Grenadines.

But once you see the legal name, Asset Imperial Ltd, you know they are not registered in Switzerland since their companies have endings like AG, GmbH, etc. In any case, we will present you with all the key facts in this detailed Asset Imperial review.

Legal info: Is Asset Imperial legit or a scam?

Generally speaking, very few offshore companies have some significant credibility. But the ones that don’t have any regulations can’t be trusted at all. That’s exactly the case with Asset Imperial company. They claim to be registered and regulated in Switzerland, yet FINMA‘s warning will deny those statements.

Not only do they not have domestic FINMA regulation, but they also lack any other. Especially the top-tier category, including FCA, BaFin, and ASIC. From now on, you should question anything this investment firm offers.

Who are Asset Imperial’s clients?

Since there are no Asset Imperial reviews, we can’t rely on other traders’ opinions. Luckily, advanced research tools show us where their victims mostly come from. Those are:

• United Kingdom
• Spain
• India
• United States
• Belgium

For a company registered in 2023, they are spreading quite quickly. But after this honest Asset Imperial review and a warning from FINMA, that will end soon.

Leverage, Commissions, Spreads, Fees and Taxes

One of the most controlled conditions in trading is the leverage. Primarily due to the extremely high risks involved with higher leverage. In addition to that, if the company doesn’t have negative balance protection, you are done.

The facts are that EU regulators allow a maximum leverage of 1:30. But the assetimperial.com broker offers 1:200. However, none of the other costs, like spreads, fees, or commissions, are revealed. Only the spreads are advertised as tight. But that’s hardly believable.

Bonuses

Another shady thing about this company is their bonus offer. Even though it’s not transparently presented, the T&Cs reveal the catch.

Keep in mind that any bonus higher than 10% of your invested capital is subject to extra obligations. But, if you check carefully, you will notice that they are non-specified ones. To find out what potential problems can occur, check our MegaTrader FX review.

Asset Imperial Trading Features

As can be seen, one of the most advertised features is crypto trading. They will also promote their safe, transparent, and reliable platform features. But the reality is, they are far from it. Most importantly, they are not using any reliable trading technology at all.

Trading Platforms Available

Even though they advertise the MT4 Margin Web Trader, that’s a notorious lie. If they had an MT4 web trader, they would also offer desktop and mobile apps.

Instead, you’ll be provided with a suspicious and untested proprietary web-based platform. A platform that doesn’t offer any advanced features, such as social trading, EAs, or auto-trading.

Available Trading Assets

If you want to see what the available instruments are, you will realize the broker is not as transparent as they claim. But according to them, there are all five main instrument classes available:

• Forex – GBP/EUR, EUR/HUF, AUD/HKD
• Commodities – natural gas, gold, silver
• Indices – ASX 200, DAX 30, BE 20
• Shares – Walt Disney, American Airlines, General Motors Company
• Cryptocurrencies – LTC, BTC, ETH

Account Types

You know what’s the time when the company doesn’t have any significant difference in account types. Practically, they require you to invest more money without any benefits in return. In fact, only the leverage gets higher, but that’s not a benefit. Anyway, the options are:

• Basic – $250
• Silver – $5.000
• Gold – $25.000
• Platinum – $50.000
• VIP – $100.000
• Savings – $150.000

Mobile Trading App

If the company has a reliable app, it would advertise it transparently. However, the Asset Imperial scam broker is hiding its flaws adequately. In any case, iOS and Android users won’t have a suitable option to trade on a mobile.

Demo Account

Another key fact is that the company doesn’t offer a demo account. Which is a standard package with MetaTrader 4, but also with any other reliable brokerage. To find out why a demo account is necessary, check our Kridex review.

Education

If you are looking for a brokerage that will teach you how to trade properly, Asset Imperial is not the one for you. According to their website, they don’t offer any educational packages. But even if they do, you can’t trust them. Primarily because of missing regulations.

Asset Imperial Withdrawal

Now, we finally talk about the most important thing in trading – withdrawals. The company advertises card transfers, wire transfers, and crypto. All the withdrawals should be processed within 5 business days.

But also, that’s the same time it takes for the funds to reflect on your account. Thus, without transparent fees, it’s hard to believe you will get to that point.

Customer Support

If you have any questions, the broker is available from 9 AM – 6 PM GMT. You can reach them via e-mail and phone. But also an online contact form. 

However, without any public reviews, you should reconsider investing here. Otherwise, you could be the first one complaining about their customer service.

Key Information To Consider About Asset Imperial

In the first place, you have to keep in mind this firm is not regulated. They are most likely offshore-based, and their trust score is quite low. On top of that, there is a warning from trusted regulator FINMA. After all, their transparency says it all.

Since various issues are inevitable, prepare your nerves. Keep in mind that with these firms, the best option is a refund. A more or less complicated procedure is expected, depending on the funding methods. We know what you are going through. Therefore, don’t hesitate to reach out to our refund specialists for detailed guidance.

FAQ Section

What is Asset Imperial?

Asset Imperial is an offshore firm with alleged addresses in Switzerland. However, the FINMA has exposed its scamming activities and lack of domestic registration.

Should I Trust Assetimperial.com With My Money?

Not at all. Without a license, transparent trading software, and conditions, you can expect various issues. But mostly manipulations from the broker’s side.

What Can I Do If I Was Scammed Online?

We strongly suggest you book a free first consultation with our chargeback experts. You can get all the necessary tips for getting your money back. Book yours now!

The poor design and childish aesthetics of this website successfully conceal the ulterior motives of its owner. Under the shiny surface, however, lurks a hungry beast.

Find out more about identity misappropriation, cryptocurrency fraud and means to stay protected in our Coinsdrom review.

Trying To Fake Canadian License

The crypto exchange that appears on the coinsdrom.com website is owned and operated by Clearcrest Inc. UAB. The parent company is legally registered in Lithuania, with a registration number 306094970.

This is where the legality ends, unfortunately. This exchange appears on the blacklists of AMF, CSA and IOSCO, while simultaneously hosting a link to a counterfeit license, allegedly issued by FINTRAC.

The parent company is not clean either, as it operates at least two additional cryptocurrency exchange platforms. These are voltcoins.com which is blacklisted by BSCS and clearcrest.io . In all three instances, the parent company is listed as involved with unlicensed activities.

Although the company registration checks out, we were unable to verify the license status with LB or FCIS. Searching the registers of other prominent regulators, such as BaFIN, CySEC, NFA, AUSTRAC and FINMA returned no results either, meaning that this firm is not regulated anywhere in the world.

The risks of dealing with this firm, or other unlicensed entities like Bitmarket-Trader for instance, include asset loss and/or data misappropriation.

Misleading Advertisements

The WhoIs database shows that the coinsdrom.com domain was launched in 2022. Although operating from Lithuania, the website mostly targets these demographics:

• Italy
• Canada

The exchange is active on Facebook and Instagram social networks, and features a channel on Youtube. While the company does not have its own LinkedIn page, it appears on the profile of an alleged owner.

All these profiles greatly downplay the risks of cryptocurrency investment, making it seem as though trading crypto is an easy road to riches. Any deposited money goes down the drain with these illicit firms, and recovering any of it requires the work of a professional.

Paid Reviews Entice Investors

In order to cover up their illegal activities, the company uses review seller networks to post fake reviews on TrustPilot. Checking other review sites, like SiteJabber and Reviews.io confirmed our suspicion, as these hold no content about the firm whatsoever.

Noticing these fakes is sometimes difficult, but not with this firm. You see, all comments are posted in batches with only a couple of hours of time difference between them.

Nothing About Fees And Costs

The site is by no means transparent when it comes to fees, commission or any other charges that the client would incur by using their services, with The Terms and Conditions document being opaque as well.

The only cost that is clearly outlined is for a hard-copy of company correspondence to the client, which is €0.3 per page + shipping. Besides this, there is also a past due fee of 1% of account balance for every 60 days the client fails to pay any fee.

When dealing with a cryptocurrency exchange, make sure the applicable costs are clearly displayed for everyone. Regulated exchanges normally charge Maker and Taker fees, as well as transaction, deposit and withdrawal fees.

Hidden Features And Services

It’s impossible to test the actual trading environment without subjecting yourself to a very intrusive KYC procedure. A demo is not available as well, so we weren’t able to verify any of the claims when it comes to the trading features. Not that there’s much to verify either, as the website is full of weasel words instead of actual data.

Unknown Trading Platform

Unfortunately we could not gain access to the trading floor propper, because any Coinsdrom.com login requires clients to be verified. The website makes no advertisements on how their platform works, besides that it only features FIAT to Crypto exchange.

This is yet another hallmark of fraudulent firms like Coinpark. It all boils down to empty promises, and the clients must allocate actual money in order to access the trading floor.

Microscopic Range Of Assets

While the site advertisements mention a few crypt coins including USDT and LTC, the Terms and Conditions explicitly state that only BTC or ETH for FIAT exchange may take place.

This is way worse than anything a regulated exchange would offer. With the current state of the market, many exchanges offer tens of thousands of coins and tokens for purchase, trade, swap and speculation.

Account Parameters Are Omitted

Only one Coindrom.com account type is provided for all clients. Registering is a total pain, however, as the company insists on a very intrusive verification process.

The KYC procedure is divided into 3 ranks, with larger volume orders requiring more strict verification. These are the verification ranks, with minimum order volumes:

• Rank 1 – €200
• Rank 2 – €5,001
• Rank 3 – €75,001

This policy leads us to believe that the Coinsdrom.com scam is oriented towards identity theft first, and financial fraud second.

No Mention Of Withdrawals

While many exchanges that facilitate the sale of crypto assets for FIAT employ direct wallet transfers, there’s nothing denoting this might be the case with Coinsdrom.com withdrawal.

One thing is certain: all payments are final, and there are no refunds. Payments allegedly take some time to process, and the clients are told “Don’t worry! It might take a while.”

It’s clear that whoever runs this one-man company never intended to let their clients withdraw any money. If you need help recovering your assets, you may rely on our chargeback experts.

Customer Service Not Guaranteed

The help desk provided for customer support is not very helpful. It contains an FAQ section that is intended to instill some idea of confidence with clients, while freeing the company from any liability.

If the customer so chooses, they may use a phone landline, email or a contact form on the site. None of these support methods actually work, by the way, as our ticket was never addressed.

Lost Money On Crypto Scam? Get Help Here!

The website contains a lot of evidence that we’re dealing with cryptocurrency investment fraud, combined with an identity theft scheme. Not only is the company unregulated and blacklisted, they use some practices that contradict laws in many jurisdictions.

There are still ways to recover the money lost on this exchange. Gather all the data you can, and get in touch with our legal experts via the live chat on our site.

FAQ Section

What is Coinsdrom.com?

It is an unlicensed cryptocurrency exchange that is used as a front for fraudulent activities.

Is Coinsdrom Exchange Regulated?

No, this company is not regulated in any jurisdiction. Multiple regulators have placed it on a black list of companies.

Can I Recover Stolen Crypto?

It is possible to recover stolen cryptocurrencies in some cases. Book a free consultation with our experts for more information.