Axen Trade is an offshore, unlicensed trading firm. There are very few reasons to even consider a broker. If, however, you were already involved, then you know all the issues. Read our Axen Trade review and discover all the facts and measures to protect your funds from bogus investment websites.

Also, we want to invite you to read our recently updated reviews of fraudulent brokers Kapital Consult, Traders Powers,  and Europa Trade Capital. Be careful with these brokers.

Is Axen Trade a Licensed Broker?

Axen Trade Forex brand belongs to Axen Capital LLC, a firm registered in Saint Vincent and the Grenadines. This information itself is a reason to be worried. SVG doesn’t have a financial regulator. FSA declared itself unauthorized for Forex, CFD, and binary options firms, directing them to opt for a license in the country of service. 

Upon checking registers of the FCA, ASIC, BaFin, CONSOB, and more, we confirmed what we already suspected. Axen Trade is not a legitimate broker.

How Unsafe Is An Unlicensed Broker?

Trading with unlicensed brokers equals depositing funds in a bank that’s not under the Central Bank’s oversight. Your funds are at risk, and the firm can declare bankruptcy anytime, leaving you with no funds. Be careful when choosing an investment firm and seek those licensed by Tier1 authorities.

Is Axen Trade a Decent Broker or a Scam?

Axen Trade is not a legitimate brokerage. The firm is registered in Saint Vincent and the Grenadines and has no regulations. The consumer index is low, indicating that the website cannot be trusted.

Traders’ Experience With Axen Trade 

Another proof that the trading company is a scheme firm is Trustpilot reviews. According to them, the firm is excellent and has no negative reviews whatsoever. Even the most regulated firms have unsatisfied clients, and that’s quite normal. Being entirely positive, we’re convinced that broker employees write Axen Trade reviews to lure customers into fraud.

If you check other websites, you will find plenty of complaints about withdrawal issues.

Axen Trade Offers Access to MetaTrader 5

Axen Trade was a pleasant surprise when it came to a trading platform. The firm offers MT5, the latest version of MetaTrader, and the industry’s best software. You will find a vast number of charts and indicators as well as advanced features, such as social trading and automated trading.

Yet, don’t be deceived. Despite the solid platform choice, this firm is still unlicensed and your funds are at risk.

Mobile App – Trading On The Go

The trading company offers an MT5 mobile app for Android and iOS devices. Every MetaTrader comes with a dedicated mobile app, so this one is not an exception either.

Axen Trade Broker – Countries Of Service

According to our research, the firm broker mainly operates in:

• UK
• US
• UAE

There are numerous other countries where you can find the firm. If you come across the name Axen Trade, run as far as possible.

Please, remember the names of the PrimeDeltas, EJMarkets, and EENmarket and stay away from them! Before investing, always check the history of online trading organizations!

Axen Trade Range of Trading Instruments & Markets

The broker offers a solid range of trading instruments, including:

• Forex – EUR/USD, GBP/JPY, AUD/CHF
• Commodities – gold, corn, soybeans
• Indices – Dow Jones, DAX0, NIKKEI225
• Shares – Google, Tesla, Facebook
• Cryptocurrencies – DOGE, ADA, XRP

What Trading Terms Are Offered By Axen Trade?

The broker decides on its own trading terms. Since the firm is unlicensed, it doesn’t have to follow any regulatory rules or directives.

Minimum Investment Amount

There are no account types and the minimum deposit is not specified. If you want to invest with the brokerage, you will have to wait for a phone call from the broker’s employees, who will evaluate your financial situation and say any amount they want.

About Leverage and Spread

The leverage is against regulations, going up to 1:500. In the EU and the UK, the limit for Forex market leverage is 1:30. In contrast, in the US and AU, this limit is set to 1:50. Since leverage can put you at high risk, it’s clear that the firm tries to be appealing without thinking about risk management.

Axen Trade Fees, Payment, and Withdrawal Methods

The only payment method Axen Trade accepts is cryptocurrencies. This is a favorite tool of fraudulent investment firms since crypto transactions are virtually untraceable and you’re not eligible for a chargeback. As per withdrawal fees, the company claims to deduct withdrawal-related charges and other commissions but doesn’t specify any.

Bonuses – A Fraudulent Method

While most major regulators prohibit bonuses and other incentives, scam brokers use them to prevent clients from withdrawals. Axen Trade approves deposit bonuses with a clause that a customer must trade the awarded bonus amount divided by two in lots before submitting a withdrawal request.

Simply speaking, if you get a $200 bonus, you have to trade 100 lots, equal to $1 million. Now tell us whether this is a perk or a fraudulent method to dissuade you from getting what’s rightfully yours.

Scammed by Axen Trade Broker? – Let Us Hear Your Story

If you were scammed by Axen Trade or a similar bogus brokerage, let us know. Our recovery specialists may be able to assist you with getting a refund. While crypto transactions are virtually anonymous, there are ways to uncover the wallet and follow the funds. 

Contact us via online chat to get in touch with our experts and we will find the best method to find your stolen crypto. Time is of utmost importance, so act now.

What Is Axen Trade?

Axen Trade is an offshore trading firm without any financial regulations.

Is Axen Trade a Scam Broker?

Axen Trade is a scheme broker based in SVG without a license.

Is Axen Trade Available in the United States or the UK?

The firm provides trading services in both the US and UK.

Does Axen Trade Offer a Demo Account?

No, the broker doesn’t offer a Demo account, only Live trading.

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

Exposing scammers is not easy. Many people fall into their traps daily, and it’s understandable why. You don’t have experience, and the agents are using a lot of patience and tricks to get you into opening an account with their company, like PrimeDeltas.

In this detailed PrimeDeltas review, we will point out some red flags, and if you want to keep your money safe, read carefully.

What is more, we strongly advise you not to invest in ACE FX, AltimaTrade and Absolute Markets fraudulent brokers.

Is PrimeDeltas a Secure And Regulated Platform?

This company is an offshore broker owned and operated by Delta Nomines Ltd. The only information is that the firm is registered in Belize. But is it? Let’s check PrimeDeltas regulations. The company is allegedly regulated by the IFSC. Upon reviewing this information, we have confirmed that the broker is not in their register. 

If you check the Terms and Conditions, you will see that the agreement with the client is “subject to the laws of Estonia and St. Vincent and the Grenadines (SVG).” This is a high alert per se, indicating that PrimeDeltas is just another unlicensed scheme. 

This firm is an offshore, unregulated trading firm. The corporation is exposed as a scam by the Spanish regulatory body, CNMV.

How Unsafe Is An Unlicensed Broker?

We’ve stated that regulation is crucial. For example, the client’s account is always segregated from the company’s account. Scam companies will just take the money, and you will never hear from them again.

PrimeDeltas Warnings From Financial Regulators

The Spanish National Securities Market Commission exposed the company as a scam. This same warning was later republished in Belgium and Norway. This is a major red flag. Beware! It is not safe to invest with this company.

Traders’ Experience With PrimeDeltas

PrimeDeltas is a fraudulent broker, as we have already proved. So, unsurprisingly, the reviews are entirely negative. Many clients involved with this scheme firm cannot get a payout now. If you’re one of them, it’s important for you to act quickly and request a chargeback.

What Platforms Does PrimeDeltas Offer? – Available Trade Software

When it comes to the trading platform, the website claims the company is using cutting-edge technology. All that is only to find out that PrimeDelta is using a web-based trading solution. This is not even close to the industry standards like MT4 and MT5. 

PrimeDeltas WebTrader Platform – Platform Features

Unlike MetaTrader4 and Metatrader5, the Webtrader has basic features, such as placing orders and customizing charts but other than that, its abilities are pretty limiting. 

All About PrimeDeltas Accounts – Demo Account

PrimeDeltas is offering three types of accounts. They are:

• Basic – 250 EUR
• Standard – 2,500 EUR
• Premium – 25,000 EUR

The broker charges a commission of 3.5 € per lot for the Premium account. The leverage goes from 1:100 to 1:200. All in all, nothing here is worth your time or money.

There’s no PrimeDeltas Demo account, so you’ll have to invest your own funds.

PrimeDeltas Broker – Countries Of Service

PrimeDeltas is operating in the following countries:

• Spain      
• Portugal       
• Italy
• Germany 
• UAE

Also remember the names of the Brokeragea, WealthsailingForex and NewFX trading scams and avoid them at all costs! Moreover, always check the background of online trading companies before investing!

PrimeDeltas Range of Trading Instruments & Markets

The available assets are:

• Forex – EUR/USD, GBP/USD, AUD/USD
• Shares – Apple, Amazon, Facebook
• Indices – Dow Jones, NASDAQ
• Digital currencies – BTC, ETH, XRP
• Commodities – gold, silver, oil

Despite a solid choice of trading assets, PrimeDeltas remains a trading scam.

PrimeDeltas Trading Conditions

Like other scammers, this firm decides on its own trading conditions. And, of course, those are not in your favor.

About Leverage And Spreads

The leverage goes up to 1:200, while the regulators allow up to 1:30 or 1:50, depending on the country. Spread is not disclosed, leaving you to guess trading costs.

PrimeDeltas Deposit, Withdrawal Methods, And Fees

Legitimate brokers offer clients many payment methods, to name a few: PayPal, Neteller, or Skrill. The only option in the deposit menu with PrimeDeltas broker is to deposit by credit card and the provider is Gamechangers. Since we’ve never heard of it, we advise you to stay away.

The withdrawal fees depend on the deposit method and usually vary from 25 € to 100 €.

PrimeDeltas Bonuses and Promotions – As A Method Of Fraud

PrimeDeltas offers a deposit bonus of 15-25%. Yet, the Terms and Conditions have a clause stating that you cannot get your funds back unless you have a minimum trading volume of 25 times the deposit plus the bonus amount. While bonuses may look like an advantage, in fact, they’re made to prevent you from getting your money back. Don’t fall for it.

Scammed by PrimeDeltas Broker? – Let Us Hear Your Story

Did you lose money to PrimeDeltas? We are sorry to hear that! Unfortunately, these things happen, but don’t panic. There is a way to restore your money if you react quickly enough.

Our team will get in touch with you as soon as possible to hear from you and help you start the chargeback procedure. Don’t wait. Book your free consultation now, and let’s get you started.

What Is PrimeDeltas?

PrimeDeltas is an unregulated offshore broker based in Belize.

Is PrimeDeltas a Scam Broker?

Yes. This company is an unregulated broker blacklisted in Spain, Norway, and Belgium.

Is PrimeDeltas Available in the United States or UK?

PrimeDeltas operates in both the US and the UK.

Does PrimeDeltas Offer a Demo Account?

The broker doesn’t offer a Demo account, meaning you will have to pay to trade.

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

Invest Union LTD is a fraudulent online trading website. Legitimate companies post their owner, license number, and other relevant details on the main page. With this company, you won’t find any of these. There’s a generic support email and a UK phone number that can’t be reached. 

Read our Invest Union LTD review to find out more.

What About Invest Union LTD Regulation?

Invest Union LTD is an anonymous brand. There is no official owner behind the scenes and no headquarters. Even the Terms and Conditions don’t give these details or anything about the governing law. The Italian regulator CONSOB related this scheme firm to UBSblockchains, a fraudulent payment service provider.

All this indicates that this firm is just another cyber-fraud to avoid.

Why Is It Important For A Broker To Be Licensed?

Brokers have to be licensed so that they would ensure funds’ safety. If a company is regulated by a Tier1 license provider, such as FCA, ASIC, or BaFin, there is a compensation fund. In case of any issues, the regulator can quickly reimburse you.

With Invest Union LTD, there are no guarantees whatsoever.

Also, we recommend you not to invest in the fraudulent brokers Clearpoint Fin, AreaTrading and Crypto Lloyds.

So Is Invest Union LTD A Decent Broker Or A Scam?

Invest Union Ltd is a fraudulent brokerage. The company has been blacklisted in Italy, Belgium, and Estonia and marked a scam

Invest Union LTD Warnings From Financial Regulators

Invest Union LTD has been warned by Italian regulator CONSOB. Since the broker’s website is in Italian, it seems that this country is the main target, so no wonder that CONSOB was the first to notice fraudulent activities.

After CONSOB, the same warning was issued in Belgium.

And Estonia.

Traders Reviews of Invest Union LTD

The company has been rated poor on Trustpilot, scoring 2.3 stars. The majority of customers complain that once they invested funds, these funds were trapped, and they couldn’t get a withdrawal, no matter what they did. Be wary, and don’t invest a penny in this online scam.

What Platforms Does Invest Union LTD Offer? – Available Trade Software  

The company offers a similar WebTrader to many other fraudulent firms. There’s nothing special about it, including no tools like EAs and social trading.

If you decide to start investing, we advise you to find a legitimate investment firm with platforms such as MT4 or MT5. We won’t exaggerate if we say that this software is about a hundred times better and safer for you.

All About Invest Union LTD Accounts

Invest Union LTD offers 3 account types.

1. First Level – 250 EUR
2. Premium – 2,500 EUR
3. Luxury – 25,000 EUR

Accounts differ in leverage, spread, and some perks, such as a dedicated account manager.

Invest Union LTD Broker – Countries Of Service

This company trading scam is mainly active in:

• Italy
• US
• UK
• Turkey
• Belgium
• Germany

Also remember the names of the Investing Dream, ZuluTrade and Warden VC trading scams and avoid them at all costs! Moreover, always check the background of online trading companies before investing!

Invest Union LTD Range of Trading Instruments & Markets

Invest Union LTD offers investing in all 5 major markets, including:

• Forex
• Commodities
• Indices
• Shares
• Cryptocurrencies

While this offer may look solid, note that investing money with an unregulated scheme broker is not recommended.

Invest Union LTD Minimum Deposit

The company requires a pretty standard initial deposit of 250 EUR. However, the company has no regulations, and every penny you invest is at risk. Instead of trying and losing with a fraudulent scheme, invest your funds with a regulated firm. Many of them offer Micro accounts starting with as low as $10. Far safer and far better for any trader.

Bonus Policy Details

This broker has a typical scam Bonus Policy. Without specifying anything, the company indirectly signifies that you won’t be able to make a withdrawal since there’s a clause stating: “Unless otherwise explicitly agreed, Non-Deposited Funds are not available for Withdrawal/Refund.” Thus, profits made from these funds are not withdrawable either. And proving how much you made of your own funds and how much of a bonus is pretty hard.

Invest Union LTD Unfavorable Trading Conditions

Since this company is not obligated to follow regulatory rules, it determines its own trading conditions.

High Leverage and Spread

While the UK and EU regulators have a limit of 1:30 for the Forex market, this company enables leverage of up to 1:300. This means that your funds are at 10 times higher risk. The spread starts from 1.3 pips, which is pretty much a standard but comes with high commissions.

Invest Union LTD Deposit, Withdrawal Methods, and Fees

The company accepts credit cards and wire transfers, but safer payment methods such as PayPal are not enabled. Besides, the Withdrawal Policy indicates that you’ll have to pay a fee of 50 units for wire transfers and 25 units for credit card withdrawals. Too high and too unnecessary.

Benefits Of Paying With Visa And MasterCard Credit Cards

If you’re using your credit card to deposit, you’re entitled to a chargeback within up to 540 days since the transaction occurred. That’s why we always advise this as a preferred payment method.

Scammed by Invest Union LTD Broker? – Let Us Hear Your Story

If you were scammed by Invest Union LTD broker, let us know. Our chargeback specialists may be able to assist with a refund procedure.

But What Is A Chargeback?

This is one of the ways to recover your funds directly from the merchant. Contact us via online chat to book a free consultation and get more details about recovering your funds. Let’s start now!

What Is Invest Union LTD?

This firm is a fraudulent online trading website without a license.

Is Invest Union LTD a Scam Broker?

Invest Union LTD is a scam brokerage banned in Italy, Belgium, and Estonia.

Is Invest Union LTD Available in the United States or the UK?

Yes, this company is available in both countries.

Does Invest Union LTD Offer a Demo Account?

There’s no Demo account with Invest Union LTD broker.

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

Regulation and security

AFX Capital is a brand name of the AFX Capital Markets Ltd, a company registered in Limassol, Cyprus. AFX is an online trading broker regulated by CySEC, Cyprus regulator, and FCA, Federal Conduct Authority of the UK. Meanwhile, due to a lot of complaints and their inability to fulfill the requested forms, their license is currently under suspension. This broker is listed as unregulated at the moment and is providing trading services against the law. If you check the reviews of this company, you will see that many people listed AFX Capital as not legit. Therefore, our review on AFX Capital finds this broker unsafe.

In which countries is AFX Capital operating?

AFX Capital is accepting clients from all over the world except US residents. As mentioned previously, this broker had a CySEC license and was able to provide financial services to European clients, along with FCA, which was allowing them to conduct financial services in the UK. Currently, according to our review, cannot provide legal services to any country. Therefore, AFX Capital is reviewed as untrusted for any country. 

Instruments to trade with AFX broker

With AFX Capital broker, clients are allowed to trade with Forex, Commodities, Indicies, and Shares. They do not, however, offer Cryptocurrency trading. When it comes to other assets, their offer is a little bit weak compared to other companies. Our review showed that they do not allow trading on Japanese or German share markets, which are important markets for any CFD trader. Trades are starting from as little as 0.01 LOT. They are offering their clients MT4 platform, along with web trader, mobile trader, and specially designed iTrader, for iPhone users. The minimum deposit with this broker is 200$ and can be made via debit/credit card, and wire transfer. We will notice here that you can’t use any other payment solution, such as PayPal, which is considered a trustable payment solution.

Scammed by AFX Capital Market? Here is what to do!

As our review on AFX Capital broker showed, this broker is unsafe and not trusted. They currently do not have any valid license for FX trading or CFD trading. Yet, people are still joining them and getting scammed. If you are one of these people, and cannot get your money back, we are here to help. Let our professional employees evaluate your case, see what are the options and how you can get your money back. Don’t waste more time, contact us today!

Is AFX regulated?

AFX Capital did have regulations of CySEC (Cyprus) and FCA (the UK), but they are currently suspended. Until they are renewed, this broker is considered unregulated.

What is AFX?

AFX Capital is part of AFX Capital Markets LTD, an online trading brokerage. The company is providing services of trading on the Forex market, Stock market, and Commodity market. This broker is currently not regulated due to their license suspension.

Is AFX safe?

Since the regulation of AFX Capital has been suspended since 2019 (FCA) and 2020 (CySEC) due to many complaints and their inability to fulfill requirements, our review finds this broker not safe to trade with.

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

Not only that this broker offers services offshore, but also offers them without a license. They are registered in St. Vincent and Grenadines under the name Leadernet OU. 

Even though they provide a UK-based phone number to reach out to, we believe that is just one of the misleading tactics of this bogus scammer. Nevertheless, we will do an in-depth analysis in our FXLeader review, and find all facts about why not to trade with this broker.

What is more, we strongly advise you not to invest in Valuta Markets, PrimeXBT, and InterCapital fraudulent brokers.

Is FXLeader a Scam Broker Without License?

Since Saint Vincent and Grenadines don’t provide licenses for trading on FX and CFD markets, this broker can’t have that one. Therefore, we are looking for the most trusted Tier 1 regulators, such as FCA, BaFin and ASIC. For one thing, we are sure after checking their register. That is to say that the FXLeader broker is not on the list and it’s a complete scam.

As a non-regulated company with issued warnings against them and a lot of red flags, FXLeader is not attractive. There are very high leverage and variable spreads as well.

Reasons for Using a Regulated Broker for Trading

Traders are looking for regulated brokers primarily because of security. Another key point is trading conditions. Those are very strict and they should comply with ESMA and MiFID II regulations. Under those circumstances, you can’t get scammed because the authority is monitoring every activity of the broker.

Financial Watchdogs’ Red Flags and Warnings

Given these points, we are not surprised that many financial regulators already issued a warning against FXLeader trading company. Some of those are FCA (UK), CONSOB (Italy), FMA (Austria), and CBI (Ireland). 

In other words, if you were still considering investing with this broker, now you won’t. Without a doubt.

Trading Software Is Available On The FXLeader Platform

Point often overlooked is a trading platform. In this case, FXLeader only provides poorly designed web traders. That is, to say, the worst option for any experienced trader. Compared to an industry-standard MT4/MT5 or cTrader, this one is not even for beginners.

Firstly, they don’t provide a mobile version that makes your trading more effectively. They also don’t provide advanced trading features like EAs, social trading, copy trading or advanced indicators. Thirdly and most importantly, those are often manipulated by the broker and they can’t be trusted.  

Trader’s Reviews of FXLeader 

Out of 35 comments on the Trustpilot customer experience platform, more than 35% were 1-star rated comments. Given that clients are mostly complaining about withdrawals and the reliability of the broker, we wouldn’t trust it either. 

We have already too many red flags with the FXLeader broker. Obviously, this is not where it ends.  

FXLeader Trading Instruments

Despite all the negative facts about FXLeader trading, we expected many more assets available. However, they only provide 2 different classes:

• Forex – USD/SGD, EUR/NOK, EUR/JPY
• Cryptocurrencies – BTC, ETH, XRP

With leverage up to 1:200, these are extremely dangerous. Regardless of the leverage and volatility of cryptos, if the broker is illicit, you can’t expect anything good.

FXLeader Service Countries

As can be seen in FXLeader reviews and research, they are scamming traders from:

• United States
• United Kingdom
• South Africa
• India
• Pakistan

As much as regulators try to warn people about these scams, they somehow get scammed. With this in mind, don’t fall for cheap tricks and advertisements for easy money. That’s how they lure their clients into a swindler’s net.

FXLeader Account Types

Even though the minimum deposit requirement is only $250, we would never trust that money to a non-regulated broker. As can be seen on the FXLeader website, they don’t offer any specific account types. 

Whatever you decide to deposit above $250 would suit them fine. Ultimately, the goal is to extract as much money as they can before they vanish.

FXLeader Deposit and Withdrawal Policies

All things considered, we can’t expect this broker to comply with any policies. If they had, it would be perfect. However, this broker is so anonymous that they don’t provide any specific deposit or withdrawal policies. So, to deposit any money here would be a suicidal mission.

Payment Methods Available

Like most trading companies they accept bank transfers, cards, and e-transfers. On the contrary, they don’t accept any withdrawals with these methods according to FXLeader reviews. Many people had trouble with this broker when they request a withdrawal. Given that, you better start looking for the licensed broker on time.

FXLeader Terms & Conditions – What You Need to Know

Since this broker is offshore and non-licensed all conditions are questionable. Especially because of all mentioned warnings against them. 

Whatever they had as T&Cs they were violating those. For this reason, stay away from this broker and keep your money safe.

Leverage, Spreads, and Fees

Definitely, their trading conditions are nothing better than other facts about this broker. Leverage that goes up to 1:200 is against any rules and regulations. 

On top of that, non-existent fees and non-transparent variable spreads among other things are stopping us from trading with this broker. Think twice before investing any money with this broker.

What Should I Do If I Have an FXLeader Problem?

Although this broker is not-regulated and you don’t have the authority to look for it, you still have a solution. Our expert recovery team can assist you in fund recovery. 

Let us hear your story. You still might be entitled to a chargeback. Don’t let these scammers get out with your money. Contact us today for a free consultation!

FAQ

What Is FXLeader?

FXLeader is an offshore trading company that is scamming traders all over the world. Without transparent trading conditions, it’s not suitable for most traders.

Is FXLeader a Scam Broker?

Yes. Besides a lack of licensing, there are many issued warnings from financial regulators.

Is FXLeader Available in the United States or the UK?

As can be seen in FXLeader reviews they are scamming traders from both mentioned countries.

Does FXLeader Offer a Demo Account?

No. Besides all the negative facts this broker doesn’t even specify live trading accounts.

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

Universal Global FX is a relatively unknown CFD and FX trading platform. Their website is plain, simple and packed to the brim with the soulless corporate imagery, likes of which we have seen on many social networks over the years.

This anonymity is not a sign of poor corporate performance, however. The business this firm is running is quite successful, albeit for all the wrong reasons. Our Universal Global FX Review will show you how these predators line their wallets with stolen money.

About Universal Global FX Fake License

Universal Global FX claims to be regulated by Vincent Spherical Sector Conduct Authority, with a license number 191/12. This VSSCA is not a government or an independent regulatory agency. Instead, they are a known fraudulent entity that issues fake licenses to equally illicit companies. These so-called licenses carry no legal or financial weight, and are in no way proof of company legality.

We can’t stress enough how important it is for a broker to be regulated and authorized for their services. Many financial regulators have imposed strict rules on what a broker must provide in order to mitigate the huge risks involved with CFD and FX trading. These conditions can range from leverage restriction, to negative balance protection and segregated bank accounts to name the few.

The main corporate HQ of Universal Global FX is allegedly in Kyiv, Ukraine. This would mean that they fall under the jurisdiction of the NBU, main Ukrainian financial regulator. Our inquiry into the NBU databases returned no results, meaning the company is not registered or regulated in the Ukraine. The same was true with BaFIN, CySEC, FCA, FINMA, CBR and ASIC.

The Scam Is Most Active In Europe

Universal Global FX is keeping a low profile. The scam platform was first launched in 2021, but has managed to avoid detection from the authorities so far. We know the truth behind this company, however.

These are the Universal Global FX main hunting grounds:

• Turkey
• Cyprus
• Montenegro

Do not shy away from legal action if you have been defrauded by these swindlers. We provide recovery assistance for the victims of such fraudulent companies.

Trading Costs On Universal Global FX

You’d expect 1.0 Pips or below from a regulated broker, but Universal Global FX scam has spreads of 71344 Pips for some currency pairs! The lowest spread we could find when it comes to FX is 12 Pips, for EUR/USD, which is still insanely pricey.

Leverage on this platform is also very high, starting from 1:200 up to 1:400 which is over the 1:30 limit in the EU. Some victims of the Universal Global FX scam have told us that the company asked for 3% of the trading volume to be paid up front in order to withdraw. Unfortunately, the site universalglobalfx.com does nothing to corroborate or disprove this claim.

Trading Features On Universal Global FX

Investigating the trading features of this company turned out to be an arduous task. The company only offers false advertisements about their alleged achievements, with little tangible data. Many other scam entities like CIBFX hide much of the information from their clients as well.

There is concrete information about account types and trading platforms. Our Universal Global FX Review will disclose them in as much detail as possible.

Main Trading Software

The main trading platform on Universal Global FX is called MTR. This is just another name for a Web Trader. All scammers, including CMMCI Securities we reviewed before, claim their Web Trader to be the ultimate software. Ultimate for fraudulent activities, perhaps, but for trading it’s a far cry from cTrader, MT4 or MT5.

There Is An Android App As Well

This faux broker features a mobile trading app, with the creative name of Universal Global. It is only available for Android users, and the iOS version is said to be “coming soon”. The app doesn’t have a rating on Google Play. It has been downloaded less than 100 times, which tells us that the Universal Global FX claim of 274 000 users is an outright lie.

Trading Assets Diversity

You won’t find information about trading instruments on universalglobalfx.com. You need to create a Universal Global FX Login first, and access the Web Trader.

Here is the abbreviated list of different trading assets:

• Forex (EUR/USD, USD/JPY, GBP/CHF, AUD/CAD)
• Cryptocurrencies (Bitcoin, Ethereum, DogeCoin, Ripple)
• Stocks (Facebook, Caterpillar, Pfizer, Coca-Cola)
• Indices (Dow Jones, Nikkei, Hang Seng, DAX)
• Commodities (Brent, Natural Gas, Cocoa, Coffee)

Trading Accounts At Universal Global FX

The selection of trading accounts is not very diverse. These are what we call “tiered accounts”, which offer almost completely the same trading conditions. The only variable is in the minimum deposit amount.

Universal Global FX offers these types of accounts:

• Basic – $500 min. deposit, leverage up to 1:200
• Gold – $5 000 min. deposit, leverage up to 1:400
• Diamond – $10 000 min. deposit, leverage 1:400

Demo Account Is Available

Universal Global FX offers a demo account. The amount of virtual currency available to the clients is $10 000, which is in line with the Diamond account. Trading conditions are not the same with the Demo and Live accounts. Maximum leverage is set at 1:100, and this means that the clients will not be able to use it for precise marketing conditions examination.

Education Is Below Any Quality Line

We can only describe the Universal Global FX education as shabby. Only the most basic introduction to trading is available. There are no advanced tutorials, only basic articles. There is some market analysis available, but hardly something a professional will find acceptable.

Universal Global FX Withdrawal Policy

The company website does not have a Terms and Conditions document. Even if it had one, scammers are known to blatantly ignore any customer agreement. Many people have told us that this company doesn’t let them withdraw at all, and if they complain, their account gets deleted from the platform.

Contact us for legal support in case you have any issues with Universal Global FX withdrawal.

Customer Support

Customer support is allegedly available through live chat, call back or email. This is unfortunately not the case. There is no multilingual support, as it is only available in Turkish language. Nobody ever returned our emails, and we never received that call back. When it comes to Live Chat, only the chatbot was available, and we weren’t connected to an actual person.

Universal Global FX Shows Bleak Prospects

The company Universal Global FX is a scam with no redeeming qualities. This broker outright lies to their clients, and robs them blind. The agency that allegedly regulates them is equally fishy as the broker itself. Trading conditions are incredibly costly.

Being defrauded by professional con artists like this firm is nothing to be ashamed of. Our legal experts have become notorious with scammers because of our high recovery success rate. Don’t delay – contact us through the Live Chat and book a free consultation today.

FAQ Section

Is Universal Global FX Legit or Scam?

Universal Global FX is a fraudulent company. Their only goal is to steal the client’s money.

What Are Universal Global FX Trading Conditions?

The spreads with this faux broker are unlike anything we have seen before. Every aspect of trading through Universal Global FX will lead to inevitable asset loss.

What Are Universal Global FX Withdraw Methods And Fees?

Universal Global FX does not disclose any withdrawal conditions, or fees. If you have troubles withdrawing from this platform, consider seeking our legal aid in recovering the lost money.

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

Coinbitio exchange is operating from who knows where. They don’t reveal any headquarters or address information.  On top of that, the company doesn’t reveal even ownership details. But it’s important that they claim to have top security and insanely high trading volume.

However, Whois wouldn’t agree with that. To see what you can expect from a company registered in July 2023, read our Coinbitio review carefully.

Legal Info: Is Coinbitio Legit Or A Scam?

Coinbitio.com company is operating without any authorization. Generally speaking, crypto exchanges offer security through Digital Asset Service Provider (DASP) licenses. Also, depending on the country, companies can be found in Tier 1 registers like FCA, BaFin or ASIC. But this scam company is far from that.

They are not listed anywhere.  So, all the security and details they offer, become very questionable. You can confirm that by checking their other two domains with the exact same information. For example, bittup24.com and koterex.com.

Who Are Coinbitio’s Clients?

We can’t expect many reviews from a company that exists for 2 or 3 months. However, analytics show that they are targeting rich countries. In the first place: 

• United States
• Cyprus

Keep in mind that both countries have strict regulations. Therefore, you have much better options. But if you already deposited money with this exchange, you can contact our refund team for advice.

Investment Costs With Coinbitio

Important to notice is that the Coinbitio crypto exchange only reveals maker and taker fees. Those are 0.2% for Regular and 0.14 for Premium users. But, the requirements for Premiums are not disclosed. 

Instead of going into the unknown, you can choose a more transparent and reliable company, not Coinbitio trade scam options. If that’s not enough for you, check Reddit comments about them as well.

Bonuses

So far, Coinbitio crypto company doesn’t offer any bonuses. Practically, there’s not even a single feature or offer that can motivate you to deposit here. Only their bogus lies. But to find out how bonuses can easily trick you, read our Trustpac review.

Coinbitio Trading Features

All the trading features are based on lies. With their fictive trading platform, they will present you with different crypto investment options. But that’s all data collected from other sources and presented as the real-time option.  However, keep in mind that web traders are easily manipulated.

Available Trading Assets

As mentioned, all the assets are completely fictive. Nevertheless, they claim to offer cryptos. But also, they claim to have a quarterly volume of $137 billion. But that’s the same number on all three platforms. Anyway, some of the cryptos available are: 

• BTC/USDT
• LTC/USDT
• ETH/USDT + more

Account Types

Account types with Coinbitio are science-fiction. Allegedly, there are two options: 

• Regular
• Premium

However, the conditions to reach out to Premium are not presented. So, it’s up to this scam company to decide. But most likely when they feel you have more money in your pockets.

Mobile Trading App

Aside from everything mentioned so far, a mobile app can tell you a lot about the company. In fact, many exchanges offer iOS or Android apps for quick exchanges. But that’s not the case with the Coinbitio scam company.

Demo Account

Besides missing mobile apps, they also miss out a demo account. Even though, access to the platform is available and free. But to try it out, you’ll have to deposit money. Thus, the minimum remains unknown.

Education

If you are looking to learn more about crypto, this company is not the right place. Even if we exclude all the legal and regulatory problems, they don’t offer any education. So, run away on time!

Coinbitio Withdrawal

Important to realize is that the company is charging 1% for all deposits and withdrawals. But also 21% for the first withdrawal. So, let’s say you invested $1.000. 

On their fake platform, they make up like you made $20K in profits. But they require you to send them another $4K for fees. Once you send that money, you’ll never hear from them again. So, avoid non-existent fees with unregulated companies.

Customer Support

Another important fact is the missing contact options. The company doesn’t reveal any. So, after you send them your last money, do you think you will ever hear from them again? Definitely no.

Key Information To Consider About Coinbitio?

Primarily, the company is not licensed or authorized to provide services anywhere. Especially not in the US or Cyprus. Also, they are offering quite suspicious conditions and policies. Not to mention unknown and untested platform.

After all, your withdrawal issues are inevitable. Therefore, you have to be prepared. Get in touch with our refund team to find your best options. CipherTrace might be one of those. Contact us today!

FAQ Section

What is Coinbitio?

Coibitio is a fraudulent crypto exchange presenting itself as secure and trusted, but they are completely opposite.

Is Coinbitio Legit or Scam?

The company is an absolute scam. They are misleading traders with false information on multiple platforms. If you are one of those, contact our refund team as soon as possible.

Can I delete my account from Coinbitio?

This option is not available. You can block the account. To do this, you can create a corresponding ticket.

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 first thing you notice about the company is that they don’t reveal any information about the owner. On top of that, very briefly and hidden, you can find details about the governing law, which means their real location.

Considering offshore registration, we can already assume some patterns. But not to jump to conclusions, read this Sparklo review carefully.

Legal Info: Is Sparklo Legit Or A Scam?

In T&Cs we can see that the governing law is the British Virgin Islands. With offshore registration, we can’t expect much, especially not reliable regulations. In fact, Sparklo investment firm doesn’t have any.

Generally, we are checking mainly Tier 1 regulatory databases. Primarily due to the maximum security that those institutions, such as FCA, BaFin and ASIC, offer. However, the search of sparklo.finance didn’t bring any results in their registers.

Who Are Sparklo’s Clients?

As can be seen, Sparklo operates mainly in strictly regulated countries. This is strange considering that they don’t have any regulations. Some of the targeted countries are: 

• United States
• Italy
• United Kingdom
• India
• Australia

Have in mind that any company controlling third-party funds must have a license. In case you got involved with this broker make a withdrawal as soon as possible. But if you experience any issues, feel free to reach out to our experts for advice.

Investment Costs With Sparklo

Currently, the company only offers a presale of its token. Sparklo crypto price prediction is not available anywhere. Even though they are trying to copy the Bitcoin principle with their 21M coin supply. Even though they claim to offer lower costs on higher deposits, detailed percentages are not revealed.

Bonuses

So far, the company doesn’t have any bonus offers or promotions. But in the future, it’s not excluded they will invent something new. Just be aware of bonus withdrawal policies. Because those can easily prevent you from withdrawing your money.

Sparklo Trading Features

Practically, Sparklo company is trying to revolutionalize commodities trading. Through various tokens, they present you with various investment options. However, the company doesn’t have any credibility to be in that position. One of the signs of that is Sparklo Twitter account with only 1k followers.  

Is Sparklo Legit?

With their poorly designed website and lack of transparency, of course, they are not legit. On top of that, they are mysterious about investment conditions and overall features. Not to mention shady contact options like Telegram. If you still think that offshore companies are legit, check our FxOnUs review.

Available Trading Assets

Usually, legit companies offer transparent access to tradeable assets. In this case, the company promotes its Sparklo token. Thus, other investment options are gold, silver and platinum. Besides, nothing more is revealed by the company. Yet, if you check Sparklo Reddit comments you will already see raised concerns about the company.

Account Types

Another shady fact is the Sparklo account type offers. Of course, with a higher deposit, you get better investment conditions. But also some fake VIP services like first access to new releases, exclusive access to NFTs and VIP account manager. Anyway, there are 3 options: 

• Silver – $10.000
• Gold – $35.000
• Platinum – $70.000

Mobile Trading App

In general, legit investment firms offer iOS and Android apps to track your portfolio. However, with Sparklo there’s no such feature. To understand the importance of a dedicated app, check our Interactive Trading review.

Demo Account

Since the company does the hard work for you, they thought that the demo account is pointless. Thus, it would be a great option to check what technology they use. But also to check the reliability of the software. But Sparklo remains mysterious on the topic.

Education

Important to realize is that the company doesn’t offer any educational program. Many traders don’t understand cryptos completely. Especially not new features like NFTs and commodity tokens. Thus, this company thinks that’s irrelevant.

Sparklo Withdrawal

Another warning sign is that the company doesn’t have a transparent withdrawal policy. Not even the funding methods. Therefore, whatever issue crosses your mind, you can expect it with this company. Don’t fall for those fairy tales and cheap Sparklo coin price. Because you’ll end up throwing your hard-earned money into their pockets.

Customer Support

To make everything even worse, the company doesn’t have any transparent contact details. The only option to reach out to them is through Telegram. This platform is encrypted and they don’t leave traces there.

But they will pitch you on the story that e-mails are not reliable. Have in mind that legitimate firms have transparent addresses, phone lines and multiple contact features.

Key Information To Consider About Sparklo?

Sparklo crypto investment firm is primarily not regulated. On top of that, their contact options are quite mysterious and cheesy. With offshore registration, they are practically anonymous company. So, none of the funds deposited there are not safe.

Considering all these issues, you can expect withdrawal problems in the first place. In case you do so, don’t worry. There are different solutions to that. Even if you were transferring crypto, you can trace it with CipherTrace software. Thus, access to the software is the problem. Luckily, our expert team can assist you with that. Get in touch today to find out more details.

FAQ Section

What is Sparklo?

Sparklo is an anonymous investment operating from the British Virgin Islands and a firm offering presale in a proprietary token.

Is Sparklo Scam Or Legit?

There is no proof of Sparklo’s scam activities. Yet, all their misleading details lead to that conclusion. You should rather work with licensed brokers and avoid bad luck.

What is the contract address for Sparklo and what chain is it on?

The contract address is 0x74c20fe64f7ffDA6e7c9ff82304458A2A446037B. Sparklo is an ERC20 token built on the Ethereum blockchain.

Where can I buy Sparklo (SPRK) tokens?

The only way is on the presale site sparklo.finance. If you experience any issues, especially withdrawal ones, book a consultation with our team immediately.

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 pretentious attitude from the Equitiz claims is evident in the way the blacklisted broker markets their services. While offering nothing of value, this unregulated company has already been detected by the authorities. 

For running their previous unscrupulous domain, Equitiz has already been blacklisted. The second that site went black, the swindler resurfaced with a new one. 

Sadly for them, the newest domain was immediately spotted by FCA. Let’s discuss the particularities and reasons why authorities consider this entity dangerous – keep reading our Equitiz review to find out.

Regulatory Warnings On Both Domains

Despite the claims that the website owners make about being a reputable Swiss broker, Equitiz is not known as one to FINMA, the regulatory body in Switzerland. 

Since there’s no other legal information on the site, we had to investigate the matter on our own. After a thorough research all we managed to find was a FCA warning on equitiz.co. That is not all, though. The old scam run on equitiz.com was also blacklisted by CNMV. The alert was later reposted by CONSOB and A-TVP.

That is how Equitiz joined the long list of scam-prone sites that advertise false services, do not use proper fund protection, compensation plans or corresponding AML measures. 2Invest was blacklisted for the same reason.

Interaction With Targets 

Equitiz acts towards potential victims as any other textbook fraudster does. Central Plus Finance is another example.

Everything is peachy while you’re interested in investing. The phone calls occur as long as you’re willing to put your cash into their dangerous propositions.

As soon as you deposit, however, especially if it’s a larger amount, the con artist will immediately vanish. Others might even allow you a small withdrawal, just to motivate you to keep throwing your cash down the grinder. Any bigger payout is never happening.

Poor Reputation Confirms Brokers Intentions

The broker in question is present on Trustpilot with a claimed profile. A generally poor rating is what the company has gotten from their customers so far. Even the Trustpilot website will warn you about the regulatory warning that the brokerage has received. 

Despite trying to surpass the negative reviews, Equitiz wasn’t able to do much with the paid ratings. True objective of the swindlers still shows through. 

Opposing Information On Costs

The financial swindlers behind this site are almost convincing with their attractive conditions, but not entirely. The slip ups like different leverage shown is what gives them away. 

For example, one part of the web presentation claims the maximum leverage available is 1:50, while it’s 1:500 on another page. 

What is even more concerning is the fact that none of the other trading costs and potential taxes and commissions are revealed. 

Welcome Bonus Is Available

Even if you’d otherwise choose not to receive a bonus, the fraudster will add it to your account. This amount goes up to 100% of the deposit, only if you buy more expensive accounts. 

Beware of such traps, as this feature is already banned in strictly supervised zones because brokers use it as an excuse to prevent payouts.

Mediocre Set Of Trading Features

The most important part of the trading process, the platform, is nowhere to be found on the site. Offer of available instrument groups is also far from sufficient. Add overly expensive accounts to that and you’ll realize you never want to invest here. 

Non-existent Trading Software

Every reputable broker will provide their traders with industry standard trading software like MT4, MT5 or cTrader. Equitiz platform is nowhere to be seen on their website, however.

Besides a few pictures about the alleged platform, there is no other info about any app. While it might be available through the client portal, we were prevented from accessing it.

High Cost Trading Accounts

Creating a trading account for Equitiz login is impossible without a promo code. This way, the swindlers prevent website visitors from assessing the actual trading conditions.

There is no demo, only a few tiered accounts. These allegedly grant some benefits like higher bonuses, trading signals, and insurance.

The minimum deposits are not exactly cheap:

• Basic – €250
• Silver – €5,000
• Gold – €50,000
• Platinum – €100,000
• VIP – €250,000

Selection Of Trading Assets

Without proper access to the Equitiz platform, we may only rely on advertisements about financial assets. The selection of instruments is always exaggerated with these fraudulent firms, and E8 Funding uses this exact strategy.

The broker claims to offer these instruments:

• Forex (EUR/USD, GBP/CHF, USD/JPY)
• Cryptocurrencies (BTC, ETH, XRP, LTC)
• Commodities (Gold, Silver, Cocoa, Coffee)
• Stocks (Tesla, Amazon, Meta Platforms)

Withdrawal Methods Left Out

Yet another reason why you shouldn’t trust Equitiz withdrawals to go smoothly, is the omittance of the withdrawal policy and information on the sole process. Not only the missing information concerns the methods of transactions, but the fees, taxes and processing time are also unknown. 

The information is probably kept in the user area, but the lack of official papers is another regulatory breach and a strong excuse why not to get involved with this site. 

Passive Customer Service

Regardless of the several communication channels presented on the website, Equitiz support doesn’t seem responsive. These are the methods to allegedly contact the service provider:

• Physical Address
• Phone numbers
• Email
• Online Form

Just like in any other case of scam, the support agents at equitiz.co will not respond to you or allow contact unless they wish to do so.

Scammed? Get In Touch With Our Pros!

This company only offers promises with nothing to substantiate their claims. Equitiz is an unlicensed brokerage, and is not bound by any law or regulation. Firms like these are known to take the money, but deny any withdrawals.

If you’ve deposited to this blacklisted broker, reach out to our team of experts to find out about your chargeback options. You may book a free consultation at any time via the live chat.

FAQ Section

What Is Equitiz?

This is an unregulated broker with blacklists on both domains they were running.

Is Equitiz Regulated?

No, and financial watchdogs like FCA, CNMV, CONSOB and ATVP confirm that in their public alerts.

What Are The Equitiz’ Platforms?

The brokerage brand doesn’t reveal their platform or provide free access to it without login created via promo code.

Can I withdraw my funds from equitiz.co?

Most likely not. We’d propose contacting our legal experts for a chance for a quick chargeback.

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

Despite WaveSolution’s claims of being a reputable “global regulated broker” with more than a decade of experience, it is actually a deceitful scam. They claim to be licensed and authorized, but this is a blatant lie, and they exhibit all of the telltale signs of a scam.

If you’re contemplating trading forex pairs, indices, shares, ETFs, soft and energy commodities, precious metals, futures, bonds, or crypto with WaveSolution’s advertised tight spreads and generous leverage, think twice and read on. The following WaveSolutions review contains essential information that you should consider before making any decisions.

Also, we recommend you not to invest in the fraudulent brokers AppleTrade, XtreamForex and SageFX.

WaveSolutions is Not Licensed?

WaveSolutions is an unregulated Forex and CFD broker that operates from an offshore location. They claim to provide traders with a state-of-the-art trading platform, comprehensive educational resources, and an extensive range of trading instruments. 

However, before you sign up with any broker, it is essential to verify whether they are regulated by a reputable authority. In this case, our investigation has revealed that WaveSolutions is not a licensed broker.

The Regulation

The broker operates offshore and does not have Tier 1 regulation. We searched the databases of the FCA, ASIC, and BaFin to verify whether any of these bodies regulated WaveSolutions, but the broker did not appear on the lists. 

You should definitely keep this in mind. 

Trading Platform and Other Apps on WaveSolutions

WaveSolutions provides a copy of the MT5 trading platform that is accessible from any device with an internet connection. 

The platform offers a user-friendly interface, and traders can access a range of analytical tools, charts, and indicators. However, you should keep in mind that this platform is fake. This goes without saying! 

WaveSolutions’s Trading Assets and Instruments

WaveSolutions provides traders with access to a wide range of trading assets, including currency pairs, commodities, indices, and shares. 

Some of the popular instruments include EUR/USD, USD/JPY, gold, silver, NASDAQ, and Apple shares. However, keep in mind you are dealing with an unregulated entity. 

So Is WaveSolutions a Decent Broker or a Scam?

WaveSolutions is an unregulated offshore brokerage from the Marshall Islands. If you invest with this firm, you cannot count on assistance from authorities.

Countries of Service

WaveSolutions provides services to traders worldwide, except for the following countries: the United States, Iran, North Korea, Syria, Sudan, and Cuba. This is what they state. 

Yet, beware of the fact that this broker is unregulated. This is important to consider. 

Account Types

WaveSolutions claims to offer various trading accounts but you cannot see any of them on their web page. This is suspicious by all means. 

Many brokers offer at least 3 account types. For instance: Basic, Standard, and VIP. The minimum deposit required to start trading is apparently $250. Stay away from this broker as you can see they are up to no good. 

Can a Trader Use a Demo Account?

It is not clear if this broker offers any type of demo account. 

All legit brokers offer a free demo account that traders can use to test the platform and practice trading strategies without risking real money. That way you can see if you like the broker at all. This is important to remember. 

Terms and Conditions – What You Should Know

Traders who sign up with WaveSolutions are subject to the broker’s terms and conditions. It is important to read these carefully to understand the risks and fees associated with trading with WaveSolutions. This may be the only thing that they provided on their website. 

Leverage, Spreads, and Fees

When we first accessed Wavesolution’s platform, we were promised tight spreads. However, the benchmark EUR/USD spread was as high as 5.4 pips, which is unacceptable. A spread is only considered acceptable if it is below 1.5 pips. It’s clear that Wavesolution’s promises are just empty words. 

Regarding maximum leverage, Wavesolution claims it can go as high as 1:500. But given their untrustworthy website and their false claims about regulation, it’s hard to believe anything they say. Instead, we recommend checking out our list of brokers that offer leverage as high as 1:500, so you can be sure you’re dealing with reputable companies.

Scammed by a WaveSolutions Broker? – We Want To Hear Your Story

If you have been scammed by a WaveSolutions broker, we want to hear your story. Our platform provides a safe space for victims to share their experiences and receive support from others who have gone through similar situations. By sharing your story, you can help prevent others from falling victim to similar scams.

Our experts can also provide guidance on what steps to take next. This may include reporting the scam to the relevant authorities or pursuing legal action to recover your losses. Remember, you are not alone, and there is help available.

What Is the Chargeback Procedure?

The chargeback procedure typically involves contacting your bank or credit card company and providing evidence that the transaction was fraudulent. This evidence may include documentation of the scam, such as emails, chat logs, or other communications with the fraudulent broker. It is essential to act quickly and provide as much evidence as possible to support your claim.

The chargeback process can vary depending on your bank or credit card company’s policies. It is important to understand your rights and duties as a client and to seek legal advice if necessary. Remember, taking action to recover your funds is crucial in stopping scammers.

What is WaveSolutions?

WaveSolutions is a brokerage firm that offers trading services in various financial markets. The company claims to be a regulated broker.

Is WaveSolutions a Scam Broker?

Based on the findings and discussions, it appears that WaveSolutions is an outright scam broker. The company falsely claims to be regulated.

Is WaveSolutions available in the United States or the UK?

It is unclear whether WaveSolutions is available in the United States or the UK.

Does WaveSolutions offer a demo account?

There is no information to indicate that WaveSolutions offers 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