PilotGain is one of the anonymous new brokers trying to exploit inexperienced investors. Their fraudulent operation was uncovered and exposed by the German authorities.

Since it’s clear that the firm is not legitimate, we decided to highlight the main issues. Read our detailed PilotGain review and gather all the information.

Is PilotGain a Regulated Broker?

PilotGain is not a regulated broker. Despite the website stating “we’re regulated by the law,” the firm has no license whatsoever.

The Terms and Conditions say that the broker works under Bulgarian laws. Bulgaria is an EU country; it has a Tier2 regulator, FSC. The search through its databases gave no results for PilotGain.

Furthermore, we checked other reputable license providers, such as ASIC, BaFin, and CONSOB, and found no traces of this firm.

In top of that, we seriously recommend you not to invest in the fake brokers Olympus Brokers, TradeSimple, and AF Group. Do not trade with these unlicensed brokers if you want to save your money!

Reasons Not to Trust an Unlicensed Broker

Unlicensed brokers are hard to deal with. They use all kinds of lures and manipulate clients into activating their trading accounts based on false pretenses. Once you’re in, getting your funds back is a complex, almost impossible task.

Don’t trust unlicensed firms. They can vanish with your funds at any time.

Is PilotGain a Legit Broker or a Scam?

PilotGain is not a legitimate Forex and CFD trading provider. The firm operates under Bulgarian governing laws without an FSC license. The German regulator issued a warning against the scheme.

A Warning About PilotGain by the German BaFin

The German regulator issued an official warning, stating that PilotGain offers unregulated financial services. According to it, customers dealing with this phony website are not entitled to a compensation fund.

Furthermore, the German Federal Criminal Police started investigating the company’s activities. It’s only a matter of time before PilotGain vanishes.

What Do Traders Think About PilotGain?

PilotGain is not a popular broker. As a matter of fact, it has numerous negative reviews. While being active for only a couple of months, this firm has already earned a reputation as a trading fraud.

Once clients requested a payout, this broker blocked their access to a trading account. Thus, it’s apparent that you should avoid PilotGain at all costs.

PilotGain Trading Platform – Available Trade Software

PilotGain said to offer a WebTrader. Once we registered an account, we were redirected to some kind of web platform but also requested to pay an initial deposit. We cannot review the platform because we’re unwilling to risk money with this shady firm.

Yet, we can advise you to find a legit firm with reputable software, such as MT4 or MT5. Both are quite advanced in features and provide fund safety.

Does the Broker Offer to Try Trading On a Demo Account?

This broker doesn’t offer a Demo account. Instead, clients are asked to deposit money right away. Besides, this is a frequent tactic used by scammers. They put pressure on their customers to invest before researching the brokerage and finding BaFin warning, for example.

Broker Offers AnyDesk and TeamViewer – Access To Your Bank Account

On the Home page, you can find links to download AnyDesk and TeamViewer. Also, both are remote desktop access apps, enabling the broker to access your PC or a mobile device. Once you approve their access, they can easily access your online banking or crypto wallet.

When scammers get ahold of your funds, there’s no need to elaborate on what happens next.

PilotGain Accounts Overview

The broker offers access to 6 account types.

1. Starter – $250
2. Trader – $500
3. Business – $1,000
4. Gold – $20,000
5. Platinum – $50,000
6. Diamond – $100,000

Each account brings more educational materials and assistance from the company’s side.

PilotGain Broker – Countries Of Service

Based on our research and customer complaints, PilotGain mainly operates in:

• Germany
• Norway

Since it’s a new brokerage, we expect it to expand to other areas as well. Be warned and stay away.

Also remember the names of the HubbleBIT, Fx24trade and Invest Union LTD trading scams and avoid them at all costs! Moreover, always check the background of online trading companies before investing!

PilotGain Range of Trading Markets

The firm is quite cryptic when it comes to trading assets. We know that it enables trading on the Forex market and several CFDs, including:

• Commodities – gold, silver, oil
• Indices – Dow Jones, NASDAQ, FTSE100
• Shares – Amazon, Apple, Google

The CFD section of the website is blocked and the platform is inaccessible. Therefore, we’re unsure if crypto is on offer.

What Is Known About PilotGain’s Trading Conditions?

There’s not a lot we know. The leverage is hidden, and so is the spread. If you want to evaluate a broker’s worth, you won’t be able to do so before making an initial deposit. Both website and the platform give no useful details before one makes an initial deposit of $250.

PilotGain Minimum Deposit and Unfavorable Withdrawal Terms

The minimum deposit stands at $250. However, the deposit page link is also blocked, meaning we know nothing about the available payment methods.

As per withdrawals, it’s stated that clients cannot withdraw their funds if they accept any bonuses. It stated, “Please note that non-deposited funds are not available for immediate withdrawal.” Yet, there’s nothing that would explain when you can get your money back.

Scammed by PilotGain Broker? – Let Us Hear Your Story

If you find yourself a victim of the PilotGain scam, let us know. Our chargeback experts may be able to assist you and help you get a refund. Book a free consultation today and let’s start working on your case together! 

But What Is A Chargeback?

It’s a way for your bank to recover what’s rightfully yours. They can take your funds directly from the merchant if the claim is justified. Contact us now and let’s start the process before it’s too late!

What Is PilotGain?

PilotGain is an unregulated Forex and CFD trading platform.

Is PilotGain a Scam Broker?

PilotGain is a scam brokerage blacklisted by the German regulatory body, BaFin.

Is PilotGain Available in the United States or the UK?

The broker is available in the UK but doesn’t operate in the US.

Does PilotGain Offer a Demo Account?

PilotGain doesn’t offer a Demo account and requests a deposit right away.

Unfortunately, many users start reading reviews only after falling victim to scams. We sincerely hope that you are not one of them!

However, if you’re here because you suspect that your investment isn’t in a safe place, know that you have the right to claim funds back!

Report a Fraud Case & Claim a Refund from Scammers

Legal Procedures for Recovering Your Money from Scammers Offer a Good Chance of Success. Start by Simply Reporting the Fraud.

File a Complaint

Fibofix is an offshore trading firm trying to confuse its investors about being based in Luxembourg. Since we know how schemes operate and what tricks they use, we can see right through it. Read our Fibofix review to find legitimate information.

What About Fibofix Regulation?

Fibofix states that its main advantage is “compliance with global standards and reliable regulation.” However, this regulation is nowhere to be found. 

The brand is owned by FiboFix Ltd, based in St. Lucia, with the alleged payment provider being Zex Systems Ltd from Luxembourg. We could not track this firm in Luxembourg, but we found the same-named office in the UK. It seems to be a shell firm made to cover for the Fibofix scheme, with Ukrainian as a director.

However, Fibofix is abusing the address in Luxembourg, making it the company’s official headquarters. As explained, the actual owner is in St. Lucia, and this firm has nothing to do with Luxembourg, the UK, or any other European country.

Why Is It Important For A Broker To Be Licensed?

Every broker should be licensed to provide legitimate financial services and ensure funds’ safety. Although Fibofix claims it operates according to reliable regulation, this Forex company is not licensed. Any funds you invest in are at tremendous risk.

In addition, we strongly advise you not to invest in DolfinIndex, BitnexLtd and FinexStock fraudulent brokers. So don’t fall for these dishonest scam brokers!

So Is Fibofix a Decent Broker or a Scam?

Fibofix is a scam trading broker. There’s an official warning in Luxembourg against the firm. The consumer index is 1, indicating that you should not trust the company.

Fibofix Warning From Financial Regulator CSSF

As an official proof that Fibofix broker is not based in Luxembourg, we have a CSSF warning. The financial authority of Luxembourg claimed that Fibofix is an unregulated scheme firm.

The same warning was later republished by the Italian CONSOB, Slovenian A-TVP, and Belgian FSMA.

Traders Reviews About Fibofix

Of course, Fibofix reviews are mainly negative. Since the firm follows its own rules and not regulatory prerogatives, investors have been defrauded and without the possibility of getting a refund. According to the comments, if you dare to submit a withdrawal request. The broker employees will simply block your trading account.

If you recognize yourself in this story, you should file a Fibofix complaint immediately.

What Platforms Does Fibofix Offer? – Available Trade Software

Fibofix offers a simple WebTrader. It would be more suitable to say that it’s a TradingView chart with the attached indicators. The platform has no advanced features such as EAs and doesn’t support social trading. In fact, all you can do is check the offered assets and margin level and place a trade.

If you want to start trading, we will always recommend a legitimate firm providing you with MT4 or MT5. It won’t be an exaggeration to say that this software is hundreds of times more advanced and safer than any web-based tool.

All About Fibofix Accounts

There are four brokerage accounts:

• Standart – $250
• Silver – $1,000
• Gold – $10,000
• Platinum – $25,000

The main difference is in leverage, bonuses, and so-called insured transactions. Some brokers will lead you to believe they have inside information about the market and can guarantee profits. This is not true, and it’s just a lure to upgrade your account and extort more money.

So, you should avoid Invest Flow forex broker and similar brokers such as Tower Bridge, ROICraft and EmiDeals.

Fibofix Broker – Countries Of Service

Our research has shown that Fibofix broker mainly targets residents of Germany and Iceland. However, since we proved that the broker is not legitimate, it can operate anywhere without appropriate supervision. Wherever you reside, the safest is to decline any offers coming from Fibofix or similar offshore schemes.

Fibofix Range of Trading Instruments & Markets

The firm offers trading with the following instruments:

• Forex – EUR/USD, USD/JPY, GBP/USD
• Commodities – corn, oil, gas
• Shares – Tesla, Amazon, Facebook
• Indices – Nikkei225, DAX30, UK 100
• Cryptocurrencies – BTC, ETH

Fibofix Minimum Deposit

Fibofix broker is charging a standard initial deposit of $250. Yet, risking any money with a fraudulent firm blacklisted in several European countries is pointless. Instead of worrying if you will ever see a penny back, you can simply deposit with a legitimate firm. Most of them have Micro accounts starting with as low as $10. That way, you’re ensuring funds’ safety and saving yourself an unnecessary headache.

Trading Bonuses – Methods Of Fraud

The broker offers 25-75% bonuses on your initial deposit. However, no broker would give you anything without getting something in return. For instance, Fibofix has the following clause, “The funds in the Client’s trading account are available for withdrawal only after the Client completes the required trading turnover on his account.”

The turnover is equal to the bonus amount multiplied by the leverage. The leverage is 35 for bonuses under 50% of the deposit amount and 40 for bonuses above 50% of the deposit amount.

Note that regulators prohibited bonuses and other incentives since scam firms were abusing them to prevent clients from withdrawals.

Fibofix Trading Conditions 

The firm offers a pretty low spread of 0.9 pips, but there are some hefty fees. In addition, the leverage is unregulated.

High Leverage 

This trading company offers leverage varying from 1:300 to 1:500. Just for your information, regulators have set a strict limit of 1:30 for the Forex market and only 1:2 for crypto. Therefore, it’s further proof that the trading company cannot be licensed or legitimate.

Fibofix Deposit, Withdrawal Methods, and Fees

The company accepts the following payment methods:

• Debit/credit card
• Wire transfer
• Crypto wallet

Only credit cards provide you with a certain level of security since you’re entitled to a chargeback within 540 days.

Payment Method Of Legitimate Brokers

Legitimate investment firms offer clients to invest using e-wallets such as PayPal and Skrill. This method allows up to 21 days money-back period, which ensures safety. Since the firm doesn’t have this option, we advise you to use your credit card.

Scammed by Invest Fibofix Broker? – Let Us Hear Your Story

If you were scammed by Fibofix, it’s time to seek help. Our chargeback specialists will be more than happy to hear from you and help you find the best refund solution. Book your free consultation right away.

But What Is A Chargeback?

This is a way for your bank to recover stolen funds. Contact us via online chat, and we will book your consultation with experts. Let’s start the refund process as soon as possible and increase your chances of winning the dispute. Act now!

What Is Fibofix?

Fibofix is a fraudulent online trading brokerage without regulations.

Is Fibofix a Scam Broker?

Fibofix is a scam broker blacklisted in Luxembourg, Italy, Belgium, and Slovenia.

Is Fibofix Available in the United States or the UK?

The firm is available in the UK but not in the US.

Does Fibofix Offer a Demo Account?

No, the firm doesn’t offer a Demo account.

Unfortunately, many users start reading reviews only after falling victim to scams. We sincerely hope that you are not one of them!

However, if you’re here because you suspect that your investment isn’t in a safe place, know that you have the right to claim funds back!

Report a Fraud Case & Claim a Refund from Scammers

Legal Procedures for Recovering Your Money from Scammers Offer a Good Chance of Success. Start by Simply Reporting the Fraud.

File a Complaint

FNPMarkets is another anonymous broker with no scrupulous, who’s all about extorting money. If you thought you would get something in return, those would be only promises. Nothing delivered. Read our FNPMarkets review for further information about this fraudulent investment firm.

What About FNPMarkets Regulation?

FNPMarkets broker is entirely anonymous. We have no information about the company owner, headquarters, governing law, or anything similar. There’s no phone number to use to contact the broker, so we have absolutely no knowledge of its location. It can be based offshore or have no headquarters at all, for all we know.

Based on everything said above, we can conclude that FNPMarkets is not regulated, and you have no guarantees for your funds if you start with this fraudulent firm.

In addition, we strongly advise you not to invest in ZMarket Global, FullMarkets and ABSystem fraudulent brokers.

FNPMarkets Warnings From Regulators

Our research has shown that AMF of Quebec has added fnpmarkets.co to a list of fraudulent entities after numerous complaints in Canada. The regulator has stated that FNPMarkets has no authorization to provide financial services, and not every investment with this firm is covered by any compensation fund.

Existing Withdrawal Issues With FNPMarkets Broker

With unregulated brokers, there are always issues. There’s a good reason why some firms decide to stay anonymous and hide their information. Once they extort money, they want to be able to just vanish, without any trace.

Of course, on their way, they don’t care who will be scammed or how much money clients will lose. As long as their banks are in plus, that’s all they care about. And that’s why FNPMarkets is ensuring that after submitting withdrawal requests, you cannot access your account.

Deposit Bonuses As A Scam Tactic

Some brokers, including here FNPMarkets, offer bonuses to clients. Once you invest, you’ll be offered up to a 15% bonus on your initial deposit. However, your account manager won’t bother to tell you that there are Terms and Conditions with this. If you want to make a withdrawal, you need to have a minimum trading volume of 25 times the bonus plus the deposited amount. So, if you start with the minimum deposit of 250 EUR and get a 15% bonus to that, you will need a rollover of 7,187 EUR just so that you can request a payout. Meaning you will need to deposit more. And here is how you’re dragged into the loop.

Areas Of FNPMarkets Trading Scam

According to our review, most victims of FNPMarkets live in Germany, Canada, Australia, the UK, and Georgia. Since the company is unregulated, it provides financial services illegally anywhere globally, so you should be careful. It can cost you a lot of money.

How Does Online Trading Scam Work?

Online trading scams are usually the product of fake ads and overpromises. Companies like FNPMarkets will develop a brilliant ad, selling you some fake crypto software or a new coin that will be a big thing. Once you go for it and invest, you’ll be bound by the bonus agreement and keep investing. And even after you pay off your entire bonus, you will still not get a penny back. Instead, your investment account will be blocked.

Also remember the names of the Mag Markets, MarketLTD and OriginInvest trading scams and avoid them at all costs! Moreover, always check the background of online trading companies before investing!

Scammed by FNPMarkets? – Tell Us Your Story

If you were scammed by FNPMarkets or a similar bogus broker, don’t hesitate to tell us your story. We may be able to assist you with the chargeback procedure and help you get what’s yours.

But What Is A Chargeback?

This is a way for your bank to reverse the money from the merchant if you can prove that you have been scammed. For more information, contact us via online chat to book a free consultation.

Don’t let scammers walk away with your money, fight back!

What Is FNPMarkets?

FNPMarkets is an online Forex and CFD trading provider without a license.

Is FNPMarkets A Scam Broker?

FNPMarkets has been blacklisted in Canada for fraudulent activity.

Is FNPMarkets Regulated?

FNPMarkets is not regulated and operates without legal authorization.

Unfortunately, many users start reading reviews only after falling victim to scams. We sincerely hope that you are not one of them!

However, if you’re here because you suspect that your investment isn’t in a safe place, know that you have the right to claim funds back!

Report a Fraud Case & Claim a Refund from Scammers

Legal Procedures for Recovering Your Money from Scammers Offer a Good Chance of Success. Start by Simply Reporting the Fraud.

File a Complaint

While the name itself sounds odd and too complicated, unveiling this broker’s true intentions was quick and straightforward. It’s a scam with the utmost goal of extorting money from clients. Read our Finance and Currency Limited review and find it all out.

What About Finance and Currency Limited Regulation?

Finance and Currency Limited claims it’s also their company name and has added some false registration numbers. However, they haven’t told us in which register to look. Since the address is allegedly in London, it was logical to check with the FCA and House of Companies.

In neither of those, we found Finance and Currency Limited. It means you’re dealing with a fraudulent trading firm that can easily be based offshore just for the sake of scamming clients.

In addition to the above, we strongly advise you not to invest in Mag Markets, Sapphire Markets and Profit Markets CFD fraudulent brokers.

Finance and Currency Limited Warnings

Since the brokerage listed its headquarters in the UK, the authority body of this country decided to issue an official warning. According to the FCA, Finance and Currency Limited is a clone firm that uses another company’s registration number and has no authorization to provide financial services.

Fund Withdrawal Issues With Finance and Currency Limited

Since we already proved that this trading firm is a fraud, would you really be surprised to hear that withdrawals are impossible? Numerous clients involved with the scam reported issues when it came to payouts. They stated they could not get their money back nor contact the company after submitting a withdrawal request.

Therefore, be aware that involving yourself with Finance and Currency Limited may lead only to losing your money before you gain anything.

Pay Extra Fees Before Withdrawal

Besides the inability to withdraw their funds, traders have reported that they have been prompted to pay extra under the name of alleged fees, taxes and more.

Since the broker had no other way to take the money when clients realized it was a fraud, they came up with a solution – they are asking clients to pay another 20-50% of their withdrawal amount for non-existing fees and block them afterwards.

Areas Of Finance and Currency Limited Scam

The broker is mainly present in the UK and Canada, according to reviews. However, nobody is immune since it looks like Finance and Currency Limited’s scam has no limits. The broker is present everywhere and provides unregulated financial services.

Traders About Finance and Currency Limited Scam

As expected, traders have no good words for the brokerage. In fact, most of them are furious and just want a way to get their money back. It seems that Finance and Currency Limited’s account managers are making clients download AnyDesk so they can access victims’ online banking and transfer the funds without approval.

Also remember the names of the ZumaFX , AssetDex and GlluckFX trading scams and avoid them at all costs! Moreover, always check the background of online trading companies before investing!

How Does Online Trading Scam Work?

Different companies are using various techniques to defraud clients. But it all comes to the same point – you will see an overpromising ad, leave your personal details, get enrolled in the business, and experience issues when trying to withdraw the money.

Some firms, such as Finance and Currency Limited, use AnyDesk and other software to take your funds without approval while also freezing your account when you try to get the money back.

Be aware that fraud is everywhere and let yourself invest only if the company is legitimate, with a Tier1 license.

Don’t Be Ashamed – Share Your Story With Us

Instead of keeping it to yourself, share with us what happened. Over the years, we’ve assisted many that a fraudulent trading firm has scammed. Our goal is to help you file a dispute and request a chargeback.

But What Is A Chargeback?

This is a way to reverse the transaction directly through your bank. Our experts will be happy to help you with this matter and lead you towards a successful dispute resolution.

Contact us via online chat to book a free consultation and let’s get back what’s rightfully yours.

What Is Finance and Currency Limited?

Finance and Currency Limited is a clone firm from the UK without regulation for providing financial services.

Can I Trade CFDs With a Finance and Currency Limited Broker?

Yes, you can trade CFDs on shares and indices with Finance and Currency Limited.

Is Finance and Currency Limited A Scam Broker?

Finance and Currency Limited has been marked as a fraud in the UK by their regulator.

Unfortunately, many users start reading reviews only after falling victim to scams. We sincerely hope that you are not one of them!

However, if you’re here because you suspect that your investment isn’t in a safe place, know that you have the right to claim funds back!

Report a Fraud Case & Claim a Refund from Scammers

Legal Procedures for Recovering Your Money from Scammers Offer a Good Chance of Success. Start by Simply Reporting the Fraud.

File a Complaint

TimeMarkets.com is operated by Time Markets Management Ltd. The company is allegedly registered in St. Vincent and Grenadines. Even though they provide UK addresses and phone numbers.

What makes this broker suspicious and why not trust them, find further in this unbiased TimeMarkets.com Review.

Legal info: Is TimeMarkets.com Legit or a Scam?

Time Markets broker presents itself as the UK one. However, their legal documents show us that legal actions should be taken in St. Vincent and Grenadines. Nevertheless, FSA in SVG doesn’t issue forex and CFD trading licenses.

For that purpose, we are checking Tier 1 registers of FCA, BaFin and ASIC. And voila. None of them hold any records of this scam broker. Therefore, all their promises fall down the drain. Especially ones regarding security.

Who are TimeMarkets.com clients?

The TimeMarkets.com scam is active since 2016. It’s quite a long existence for a scam broker. Yet, with more and more negative reviews it’s just a matter of time before they are exposed by regulators. Especially because they are mainly scamming traders from:

• Canada
• Israel
• Georgia

If your country is not on the list, feel free to expand it in the comments section. Let us know what was your experience with the broker. We are sure that our team can at least advise you on further steps.

Traders’ Experience

Checking TimeMarkets.com reviews makes you wonder if those are all fake. Out of 202 comments on Trustpilot, 15% of those are with the worst rating. Mainly commenting on irregularities in withdrawals and non-existent fees and taxes.

If you never traded before, you will quickly realize how big 15% is. If you want another proof, check our RaceOption review as well. But if you are sick of getting scammed, contact our team to see how you can get your money back.

Leverage, Commissions, Spreads, Fees and Taxes

For a so-called UK broker, this one has extremely high leverage. But don’t worry, the UK address is there just to make them look legit. But the truth lies behind their conditions. The leverage of 1:500 is extremely dangerous. Especially if the broker doesn’t have negative balance protection. Also, have in mind that EU regulators, especially FCA, limit brokers to 1:30.

As for the spread, the company advertises a floating spread from 0 pips. Without transparent commissions and overnight fees, it’s not transparent how much it would cost you to trade here.

         Bonuses

Another key fact is a welcome bonus. While these are banned in Europe many brokers are still offering those. Time Markets scam broker does it as well. Primarily because it contains a clause that prevents traders from withdrawing the profits.

TimeMarkets.com Trading Features

For a broker claiming to be from the UK, they are quite mysterious. The company doesn’t offer transparent information about trading software. Yet, they indicate it’s an award-winning platform. Yet, with so many misleading facts they offer most likely a basic web trader.

         Is TimeMarkets.com legit?

Nothing close to that. With their dangerous conditions and missing regulations, they are perfectly designed for their con activities. On top of that, they are misleading traders about general legal information to extort more money from them.

         Available Trading Assets

Generally speaking, the availability of all 5 major trading classes, shouldn’t trick you. Many scam brokers will give you many options to make themselves look legit. Anyway, you can trade with:

• Currency pairs          USD/AUD, EUR/JPY
• Commodities             natural gas, crude oil
• Indices                      DAX30, ASX200
• Shares                      Tesla, Microsoft
• Cryptocurrencies       BTC, LTC, ETH

         Account Types

Time Markets account types are showing you exactly how much they want from you. Yet, you don’t have any financial benefits from a higher deposit. Instead, you get so-called VIP and special strategies and other fake offers. Anyway, you can choose between:

• Bronze          $250
• Silver            $25.000
• Gold             $50.000
• Premium       $100.000
• VIP               $250.000

         Mobile Trading App

According to the company, the mobile trading app is available. Thus, they don’t present their software transparently. After all, neither PlayStore nor AppStore have such an app in their library.

         Demo Account

A good way to present your platform to new customers is through a demo account. However, the Time Markets scam broker doesn’t bother with it. They go straight to the point and don’t leave anything uncertain.

         Education

As for education, the company only provides basic education sessions. Thus, you can’t expect much of an education from non-licensed brokers. Instead, we always suggest traders choose Tier 1 licensed brokers.

TimeMarkets.com Withdrawal

In general, the main issue with any unregulated broker is a withdrawal. It looks like this broker uses all dirty tricks to prevent withdrawals from happening. Starting with non-existent fees and taxes, freezing traders’ accounts but also bonus policies. That’s why with unregulated brokers there are so many things that could go wrong.

Customer Support

For the contact options, Time Markets only provided a phone number from the UK. Most likely a VOIP connection that scam brokers are often using. Besides, you can contact them via an online contact form. Thus, they are only available 24/5.

Key Information To Consider About TimeMarkets.com?

In the first place, the company is not regulated. Therefore, all the promises and security become questionable. But after checking their reviews everything becomes crystal clear. A bogus swindler doing everything to extort your last penny.

In case you were one of their victims, don’t hesitate to contact our team for help. We can advise you on further steps if you experienced any kind of issues with the broker. Even with a refund if you have withdrawal issues. Book your free first meeting now!

FAQ Section

What Is TimeMarkets com?

TimeMarkets.com is an offshore broker that pretends to be legitimate and based in the UK.

Is TimeMarkets com Legit?

No. The company doesn’t have any kind of regulations and doesn’t offer any protection.

How To Get Your Money Back From TimeMarkets com?

The easiest option is a chargeback. Yet, sometimes unavailable options. But for more options, you can consult with our expert team. Contact us today to find out more.

Unfortunately, many users start reading reviews only after falling victim to scams. We sincerely hope that you are not one of them!

However, if you’re here because you suspect that your investment isn’t in a safe place, know that you have the right to claim funds back!

Report a Fraud Case & Claim a Refund from Scammers

Legal Procedures for Recovering Your Money from Scammers Offer a Good Chance of Success. Start by Simply Reporting the Fraud.

File a Complaint

Alterspots brokerage is apparently operating under the laws of the United Kingdom. That’s at least what they claim in T&Cs. Yet, they don’t reveal any specific details about ownership or address. In fact, that’s a very quick reminder not to trust this company.

Anyway, they manage to trick some inexperienced traders. There will always be someone who doesn’t know how to avoid the hit. Luckily, our Alterspots review reveals all of the risks and flaws of this company.

Legal Info: Is Alterspots Legit Or A Scam?

With unknown headquarters and legal names, it’s hard to know if they are registered at all. But if they are any close to legitimate, they would have some Tier 1 licenses. For instance, FCA, ASIC, or BaFin. With those, traders can feel a certain level of comfort and security.

However, digging through many Tier 1 regulatory databases didn’t bring up any positive results. Instead, this company appeared on one warning list. The Canadian Manitoba Securities Commission exposed this investment scam. The warning was later reposted by the CSA, also from Canada.

Who Are Alterspots’s Victims?

As it seems, this company was registered in August 2023. Or at least its domain was, according to who.is. Generally, that doesn’t mean they haven’t been in the business. On the contrary, it looks like they are experienced in what they are doing. But they do that through different brands. This one, in particular, is mainly targeting traders from:

• Canada
• Italy
• United States

Luckily for traders, they are targeting some strictly regulated countries. That means they won’t last long. But you are the only one who can help. Therefore, we encourage you to share your opinion about this company in the comments. Also, you can reach out to our refund specialists for refund assistance if needed.

Traders Reviews

Even though there are not many, Alterspots reviews can reveal what this company is all about. Generally, everything goes around manipulation. They are getting clients through shady auto-trading software campaigns such as Quantum AI.

Once traders build some fictive profits, boiler room agents make them deposit more. Yet, greediness always costs. In the end, once traders see insane profits, they want to withdraw it. Understandably. However, agents will use different tricks to prevent that from happening. If that’s your case as well, get in touch with our chargeback team as soon as possible.

Leverage, Commissions, Spreads, Fees and Taxes

Generally, the company has quite unclear trading conditions. The only cost known with this firm is the commission, which starts at 6%. Other fees, spreads, and overnight swaps remain unknown. Another big thing you have to worry about is the unknown leverage.

Even though they claim to offer negative balance protection, that doesn’t need to be true. But that feature is available after you deposit more than $50.000.

Bonuses

Generally, the company doesn’t transparently reveal any bonus offers. Yet, their T&Cs reveal that all the bonuses are subject to those terms. Anyway, keep an eye on bonus policies and conditions. Very often, you will see clauses requiring traders to reach insane turnovers to be able to withdraw anything.

Alterspots Trading Features

Alterspots crypto investment firm doesn’t offer any advanced features. Their best deal is related to unique trading signals and educational courses. 

But without regulations, all these features are very questionable. In any case, traders can’t use advanced trading tools like copy trading and social trading. Not to mention regular strategies like scalping and hedging.

Trading Platform Available

Another key fact about this firm is its trading platform. Unfortunately, all of the company’s accounts offer only web-based platform access. In general, these platforms can’t be compared to cTrader or MetaTrader, which are known for reliability and security. But that’s exactly what Alterspots broker wants to avoid.

Available Trading Assets

Overall, the tradeable instruments with this company look quite attractive. However, without any regulations, it’s hard to trust any detail regarding those assets. Especially its prices. 

For instance, their BTC price is currently $43k while the real price is $34k. Therefore, you can just imagine what else they can modify on their shady platform.

Account Types

Most of the services in the account types offer are fictive. Starting with negative balance protection and inclusive service features. Even though the minimum requirement appears to be quite high, this broker will accept anything above $250. But if you want to upgrade your account, you have to choose between:

• Basic – $9.999
• Silver – $19.999
• Gold – $49.999
• Platinum – $99.999
• Diamond – $199.999

Mobile Trading App

Mobile apps with Alterspots scam brokerage are another huge disadvantage. Simple because there are none. Instead, traders have to access their accounts through the browser. But if you check our Elmercado FNX review, you’ll see why that could cause problems.

Demo Account

Another key missing detail about this brokerage is a demo account. With their high deposit requirements, it’s obvious they are not fooling around. They go straight to the point, and the company believes someone will fall for their tricks. Hopefully, after our honest Atlerspots review, everyone gets properly warned.

Education

When you say Academy, you would expect something extraordinary, such as webinars, live sessions, and much more. Instead, this company considers only video materials and glossaries in its academy. To be fair, it’s quite a poor choice. To learn more about trusted educational programs, check our Ausprime review.

Alterspots Withdrawal

In general, the company presents on its website deposit and withdrawal methods. Yet, only depositing steps are revealed.

When it comes to withdrawals, the instructions are not necessary. Because you won’t have anything to withdraw. Especially when you realize the company doesn’t have a transparent withdrawal policy and fees. So, you can expect a lot of manipulation there.

Customer Support

Another poor thing about this firm is its customer service. With only the e-mail option available, you can only hope and pray for a response. Especially if you are looking for a withdrawal. Which is as well seen in the company’s reviews.

Key Information To Consider About Alterspots

A freshly registered investment firm without regulations is not a good sign. On top of that, they have shady conditions, unknown ownership, and negative reviews. All in all, not a single reason to trust them. But if you did, we suggest you contact us immediately.

After all, our refund team can guide you through the refund procedure step-by-step. But primarily, book your first consultation for free!

FAQ Section

What is Alterspots?

An anonymous brokerage without credibility, operating without regulations. That’s what Alterspots is all about.

Is Alterspots a Legit Broker?

Absolutely not. The company is not licensed by any regulatory body. On top of that, there are warnings issued against the company already.

How Can I Withdraw Profit From My Alterspots Account?

Withdrawing procedure with this brokerage is unknown. But if you can’t withdraw in a regular way, contact our refund team for alternative options.

Unfortunately, many users start reading reviews only after falling victim to scams. We sincerely hope that you are not one of them!

However, if you’re here because you suspect that your investment isn’t in a safe place, know that you have the right to claim funds back!

Report a Fraud Case & Claim a Refund from Scammers

Legal Procedures for Recovering Your Money from Scammers Offer a Good Chance of Success. Start by Simply Reporting the Fraud.

File a Complaint

If you need another example of shady offshore brokers, here it comes. BenefFX comes from an offshore country without regulatory supervision and represents everything they tell you to stay away from. Read our BenefFX review and find out the details.

What About BenefFX Regulation?

BenefFX is a brand of Optium Ltd from the Marshall Islands. The main reason for companies going offshore is to avoid any kind of regulatory supervision since it’s known how loose it is. Furthermore, their payment provider is Key Solutions Ltd from Bulgaria, a so-called Balkans boiler-room, the EU headquarters for all those companies who want to hide in the open. Besides, we’ve met this company already, serving as a payment provider for another scam, Gloffix.

Knowing all this, we can only advise you to stay away and not become the next BenefFX scam victim.

BenefFX Trading Instruments

According to its website, BenefFX broker offers trading on the 5 most significant markets, including:

• Forex market
• Commodities
• Indices
• Shares
• Cryptocurrencies

Yet, the diversity of assets is unknown, and there’s no Demo account to help us find more information. All of these assets come with unregulated leverage of up to 1:500, showing once again that this broker cannot withhold any EU regulations.

Fund Withdrawal Issues with BenefFX Broker

Since the company has no official regulation and their payment provider is highly suspicious and not trustworthy, there’s a big question of withdrawals. According to numerous clients, the broker avoids approving any requests. Instead, it’s ignoring traders and not responding to their emails or calls. If you’re too persistent, you may discover that your trading account has been blocked and that you can no longer access your money.

If you experienced something similar with the BenefFX broker, let us know.

In addition, we strongly advise you not to invest in ZeithCoin, UnionsMarket and Altman Finance fraudulent brokers.

Areas Of BenefFX Scam

Online trading scams are more sophisticated each day, and involving yourself with an unregulated broker can lead to only one outcome – losing your money. According to BenefFX complaints, the broker is mainly present in Turkey, Canada, Switzerland, and Germany. Yet, from what we’ve learned, there are no restricted areas except the USA, so wherever you are, you should be quite careful.

Traders About BenefFX Scam

Based on BenefFX complaints, the broker is problematic for withdrawals. But there’s more to add. Since there’s no reputable trading platform such as MT4 or MT5, rather just a Web trader, many clients cannot open/close trades, resulting in losing funds. The company claims it has nothing to do with them and refuses to refund clients for obvious platform problems.

How Does Online Trading Scam Work?

Whether you were ever involved in a trading scam or not, you have seen numerous ads on social media stating how you can easily make thousands of dollars if you just start now. Usually, you will be prompted to invest $250, it’s the most standard amount, and you will be told that this money will generate as much as you aim to make. However, once you let yourself into this rabbit hole, you will understand that you need to invest more to generate a decent profit. If your broker is anything like BenefFX, you will never be able to make withdrawals.

Scammed by BenefFX? – Tell Us Your Story

Let us know if you were scammed by BenefFX or a similar bogus broker. Our specialists may assist you in filing a dispute and requesting a chargeback.

Also remember the names of the EZDSK, SafeTrade365 and Trade99 trading scams and avoid them at all costs! Moreover, always check the background of online trading companies before investing!

But What Is A Chargeback?

That’s a way for your bank to reverse a fraudulent transaction and get your money back. Contact us via online chat to book a free consultation with our experts so that they can evaluate your case and give you an estimate. Don’t let scammers run with your hard-earned money, get it back now!

What Is BenefFX?

BenefFX is an online Forex and CFD trading provider based offshore.

Is BenefFX A Scam Broker?

BenefFX has numerous complaints and provides financial services illegally.

Is BenefFX Regulated?

BenefFX is not regulated and operates without any kind of authorization.

Unfortunately, many users start reading reviews only after falling victim to scams. We sincerely hope that you are not one of them!

However, if you’re here because you suspect that your investment isn’t in a safe place, know that you have the right to claim funds back!

Report a Fraud Case & Claim a Refund from Scammers

Legal Procedures for Recovering Your Money from Scammers Offer a Good Chance of Success. Start by Simply Reporting the Fraud.

File a Complaint

While promising a new life if you start trading, MaxiPlus Trade doesn’t offer any guarantees for such a promise. Instead of being regulated and following ESMA, MiFID, and other rules, MaxiPlus Trade broker only talks. As usual, when talking overcomes doing, something has to be wrong.

Read our MaxiPlus Trade review and find out why it’s not recommended to trade with this particular brand.

MaxiPlus Trade Regulations and Security

MaxiPlus Trade is owned by the notorious Seabreeze Partners Ltd. If this name sounds familiar, you might have come across other brands such as ProfitAssist, InvestFlow, or Bid Broker Stocks. All of these are blacklisted by at least one Tier1 regulatory body, showing us what kind of a business we are dealing with.

So, since the company is based in the Commonwealth of Dominica and has no regulations whatsoever, we would highly advise you to avoid it.

If you want to start trading, make sure to find a brokerage with a Tier1 license, such as the FCA, ASIC, or BaFin.

MaxiPlus Trade Warnings From Financial Regulators

Since we’ve already mentioned that Seabreeze Partners Ltd has been blacklisted in several countries for several different brands, no wonder MaxiPlus Trade is on the list as well. The UK FCA published an official warning, accusing MaxiPlus Trade of being a clone firm of an FCA-regulated company, MAXIS GBN.

Supposedly, broker’s employees tried to convince clients they all operate under the same license as a legitimate company. 

Beware of the MaxiPlus Trade scam, and don’t fall for their well-told story! We also recommend staying away from scammers such as FlexInvest or Global GT.

Fund Withdrawal Issues

Regulated or not, if a broker has been accused of not allowing withdrawals, it means that something is seriously wrong. However, if it has a license, in most cases, the license provider will make sure clients are reimbursed from the compensation fund. Since MaxiPlus Trade is offshore and unregulated, you have no guarantees for your funds.

Nobody could assist with the matter, which led to many complaints by desperate traders trying to get their money back.

If you experience such issues, contact us for assistance with the chargeback procedure.

Traders About MaxiPlus Trade Scam

There are lots of things traders are bothered about when it comes to MaxiPlus Trade. For a start, the company provides only a Web trader that is far from a secure platform. That’s why there are a lot of complaints about funds disappearing from the trading account.

The leverage is also too high, and those used to regulated trading conditions can’t find a proper way to invest when offered up to 1:300 leverage. And, as aforementioned, withdrawals are nearly impossible, which is the biggest issue.

How Does Online Trading Scam Work?

If you’ve ever wondered how people fall for the scam, let us tell you that it’s not as hard. Brokers are constantly coming up with new schemes and new fraudulent techniques. That’s why before starting anything, it’s of utmost importance to check the regulations. Besides, you should know more about the owner, headquarters, and all the relevant facts.

So, if you cannot withdraw your funds or have any sort of issues despite everything, you should report it immediately.

Scammed by MaxiPlus Trade? – Tell Us Your Story

If you were scammed by MaxiPlus Trade or a similar bogus broker, let us know. Book a free consultation with our chargeback specialist and make a thorough plan on how to get your hard-earned money back.

But What Is A Chargeback?

This is a way for your bank to reverse the fraudulent transaction. For further information, contact us via online chat, and let’s start the process. Don’t let scammers run with your funds!

What Is MaxiPlus Trade?

In simple terms, this is an online trading brokerage without a license.

Is MaxiPlus Trade A Scam Broker?

Broker has been blacklisted by the UK FCA and marked as a scam.

Is MaxiPlus Trade Regulated?

No, company is not regulated and provides services illegally.

Unfortunately, many users start reading reviews only after falling victim to scams. We sincerely hope that you are not one of them!

However, if you’re here because you suspect that your investment isn’t in a safe place, know that you have the right to claim funds back!

Report a Fraud Case & Claim a Refund from Scammers

Legal Procedures for Recovering Your Money from Scammers Offer a Good Chance of Success. Start by Simply Reporting the Fraud.

File a Complaint

The IndexEvolve broker is unavailable, and access to the website is suspended. This means that everyone who had a subscription to this fraudulent investment firm cannot access their funds. See more about the company itself and how to get your money back in our IndexEvolve review.

In addition to the above, we strongly advise you not to invest in Fin Venture, EUFinance and UnionsMarket fraudulent brokers.

Is IndexEvolve Regulated? – Beware Of Fraud

While the website was active, you could see all kinds of misinformation about the broker. Allegedly, the brand is owned by Evolve Invest Limited, with headquarters in the UK and Hong Kong. Furthermore, this firm was allegedly listed on the Hong Kong stock exchange. Unfortunately, all this is a bunch of nonsense since the company has no license and stock exchanges have never heard of this entity.

Does the Broker Have a Tier 1 Trading License?

Our review has shown that IndexEvolve regulation is not with the FCA or HKMA. Also, we couldn’t find anything with other Tier1 regulators, including the German BaFin, Australian ASIC, French AMF, and more. The conclusion is that the broker IndexEvolve was just another scheme firm that was extorting money and eventually vanished.

Scam Warnings From Financial Watchdogs

Don’t take our word for granted. The official regulators of Italy and Belgium have confirmed everything stated in this review by marking the IndexEvolve trading scam and publishing official warnings against it.

Official Warnings Issued by CONSOB and FSMA – Evidence of Fraud

The first warning came from Italy when CONSOB received too many IndexEvolve complaints. It was later republished by Belgian FSMA since there have been scam activity.

Where Is IndexEvolve Trading Scam Active?

Besides Italy and Belgium, we’ve found IndexEvolve reviews from Germany, South Africa, the UK, Spain, and Albania. Since the firm is unregulated, it has access to all countries. Illegally, of course. But it used it all the way until the moment it was blacklisted, then just vanished and left victims to seek help.

False Claims About Regulation – The License Doesn’t Exist

Along with lies about headquarters, the company falsely stated to have a license from the FSC of Mauritius and Securities Commission of Bahamas. Even though these two regulators are offshore, they withheld from regulating a scam firm such as IndexEvolve. And that should tell you a lot.

Supported Trading Platforms – Available Trading Software

Like many fraudsters, this one brags about providing you with the best tool, powerful platform, terrific trading software, etc. Guess what? As an IndexEvolve trading platform, all you will get is a WebTrader with no social trading or copy trading and a limited number of charts and indicators. As if you needed more reasons to avoid this company.

IndexEvolve WebTrader Platform

WebTrader itself is pretty standard, with few chart types and basic indicators. The leverage and spread are nowhere disclosed, meaning you’re going into investing blindfolded. Here, the best would be to try and use IndexEvolve Demo, but the firm is illegal, so it doesn’t matter anyway.

Mobile Trading App – MT4 and MT5 Are Unavailable

Sadly, there are no reputable platforms like MT4 and MT5. IndexEvolve login via mobile can be done from an app corresponding to a WebTrader, with some basic tools.

IndexEvolve Trading Instruments – What Can I Trade?

For those who are still willing to check read about this scheme firm, here’s the offer of trading instruments:

• Currency pairs
• Commodities
• Indices
• Shares
• Cryptocurrencies

Nothing we haven’t seen before. Just, this time, without a license. So no, it’s not recommended.

Also remember the names of the QuantumMarket, Radex Markets and Fortexo trading scams and avoid them at all costs! Moreover, always check the background of online trading companies before investing!

Trading Accounts Overview

While the website was active, there were 4 IndexEvolve account types. Here’s the list:

• Standard – $250
• Professional – $10,000
• Business – $30,000
• Business Plus – $100,000

Besides IndexEvolve’s minimum deposit, there’s not a big difference even if you invest 100k. You will get allegedly better experts and more affordable trading conditions. But we have no clue what it means since the company didn’t bother to explain.

IndexEvolve Deposit Methods – How To Deposit?

While we see no reason for anyone to invest with IndexEvolve, available payment methods for those persistent are:

• Visa
• MasterCard
• Bitcoin
• Litecoin
• Fast bank transfer

The safest method here is a credit card since you have up to 540 days to apply for a chargeback if you’re scammed. And that’s exactly what all the victims should do.

Scammed By IndexEvolve Broker? – Talk To Our Recovery Experts

If you were scammed by IndexEvolve or a similar firm, contact our recovery specialists. We’re here to listen and help. Knowing how hard a scam can hit, we are here to ensure you will see all your options and get the best possible refund choice. Book your free consultation today, and let’s start!

Can I Trade Cryptocurrencies And CFDs With IndexEvolve Broker?

Yes, trading crypto and CFDs are available with IndexEvolve broker.

Does IndexEvolve Give a Deposit Bonus When Opening an Account?

IndexEvolve matches your initial deposit up to 100%.

Is IndexEvolve a MetaTrader 4 Forex Broker?

IndexEvolve is not an MT4 broker; it provides only a WebTrader.

Does IndexEvolve Have a Mobile Trading App?

Yes, you have a mobile app based on the WebTrader.

Unfortunately, many users start reading reviews only after falling victim to scams. We sincerely hope that you are not one of them!

However, if you’re here because you suspect that your investment isn’t in a safe place, know that you have the right to claim funds back!

Report a Fraud Case & Claim a Refund from Scammers

Legal Procedures for Recovering Your Money from Scammers Offer a Good Chance of Success. Start by Simply Reporting the Fraud.

File a Complaint

If you have been involved with CFBroker, most likely, your experience hasn’t been good. Since the broker’s website is inactive, all of the clients who had their funds invested could not get withdrawals. For all the details about who CFBroker is and how to get your money back, read our CFBroker review.

CFBroker Regulations and Security

CFBroker is a brand of Seabreeze Partners Ltd from the Commonwealth of Dominica. This company is notorious among traders and regulatory bodies since it’s directly related to several scam brands, such as ProfitAssist, Tetra Invest, and Bid Broker Stocks.

The company is allegedly based in Belize but is running brands all over offshore countries. However, there’s no mention of CFBroker regulation since the broker doesn’t have one. Beware of the CFBroker scam.

CFBroker Warnings From Financial Regulators

CFBroker was directly warned and blacklisted by the Austrian FMA.

In addition, a regulatory body of Luxembourg, CSSF, issued the same warning, stating that CFBroker is a scam.

As mentioned, Seabreeze Partners Ltd itself was blacklisted several times, including warnings from Italian CONSOB, German BaFin, and independent regulator FINACOM.

Fund Withdrawal Issues

Ever since the broker’s website was shut down, clients have been reporting withdrawal issues. Before it happened, it was nearly impossible to get your money back, but clients could log in and see their funds. Yet, once the website was off, nobody could access their funds. Since there is no regulatory body, clients have no place to complain. Seabreeze Partners Ltd is not officially listed as a company, meaning there’s no official headquarters or official governing law of any jurisdiction.

If you have a similar experience with this company, let us know immediately.

Traders Opinion

Besides withdrawals, there have been many CFBroker reviews regarding the trading platform. There was a claim that it offers an MT4 and a web trader on the broker’s website. However, the MT4 was never available and there was no link for download, while the web trader had massive lags. In fact, there was no proper trading platform, which led to money loss. Also, the broker added some unfair fees and commissions, such as a 10% fee in case of a dormant account.

If you can’t get your money back from the CFBroker brokerage, let us know.

How Does Online Trading Scam Work?

Online trading scams usually start from an ad about trading and making lots of money. Of course, it’s possible, but not as these ads are showing. If you start from the minimum of $250, as this broker requires, making millions is not an option. However, the company’s brokers will convince you to add more money, use some alleged trading opportunities and double your profit.

The issue starts when you ask for a payout. Getting your money back is not possible and getting your initial deposit is a firm no. If you have been scammed by CFBroker or a similar bogus operation, let us know.

Scammed by CFBroker?

If you were involved with CFBroker, you can no longer access your account. Contact our support for assistance with the chargeback procedure.

But what is a chargeback?

It’s a way for a bank to reverse your funds if you prove you have been scammed. For that, the best is to get professional help. Our support team is waiting on the online chat. We would like to hear from you and help you get your money back. React before it’s too late.

What is CFBroker?

CFBroker is an online trading company without regulation, based in the Commonwealth of Dominica.

Is CFBroker a scam?

The company has been blacklisted by FMA and CSSF for conducting scams.

Is CFBroker regulated?

CFBroker is not regulated and has no authority to provide financial services.

Unfortunately, many users start reading reviews only after falling victim to scams. We sincerely hope that you are not one of them!

However, if you’re here because you suspect that your investment isn’t in a safe place, know that you have the right to claim funds back!

Report a Fraud Case & Claim a Refund from Scammers

Legal Procedures for Recovering Your Money from Scammers Offer a Good Chance of Success. Start by Simply Reporting the Fraud.

File a Complaint