Fraudulent websites have particularly catchy and captivating phrases and imagery that motivates inexperienced Forex newcomers to invest and fall for the dirty tricks.

Too bad for them, it doesn’t work on prominent regulatory bodies that publish warnings on such schemes. In this SMT Capital review, we’ll discuss one unscrupulous project that you should be especially cautious of. 

Regulatory Warnings Say It All

Simple, yet solid reason why this suspicious business couldn’t be regulated is the fact that FINMA, supervisory authority in Switzerland, has not licensed them. It could very much be that the brand is not even based where they claim to be. We’re most probably discussing an offshore scheme with no license or legal registration. 

While going through the registers of FCA, ASIC, NFA, SRO and others, we found an ASC, CSA, CONSOB and IOSCO warning.

We’ve previously exposed GCI Financial, which operates with the same goal of earning by robbing customers. That’s why they do not provide the appropriate fund safety in form of segregated accounts, compensation plans and negative equity protection.

Extortion Strategy At Work

The site smtcap.com did not exist prior to September 2023, as we may see in the WhoIs database. Many of the victims live in these countries:

• Netherlands
• United Kingdom
• United States
• Australia

The fraud relies heavily on the boiler room agents to attract new victims. These agents are known for harassing people by phone, and pressuring them into investment.

To get a more firm grip on their victims, the company insists on installing AnyDesk and ScreenLeap remote control software. With it, they can gain access to secure files on your computer, which allows the agents to extort you with sensitive information they’ve gathered!

Known Fraudulent Scheme

Many of these faux companies, including AuxCapital, employ review seller networks as well. Additionally, there’s a large amount of misleading SMT Capital reviews on popular streaming services like YouTube as well.

The deceptive content did not go unnoticed with TrustPilot, however, with the platform openly warning their readers about the fraud. If you’ve invested with this firm, contact our legal experts for help with getting your funds reimbursed.

Fees Deducted Directly From Clients’ Account

As the legal documentation on this site states, the company is free to, at their sole discretion, deduct whatever amount they wish directly from the user’s total balance. All that without any prior notice. Nothing is a better proof of segregation of funds not existing than that. 

The firm that has the liberty to control the client’s capital is not the one that should be trusted. Moreover, all of those charges are never defined, so you can expect to be robbed under the pretense of them applying  

In addition, you’re also exposed to trading conditions that work in their favor, not yours. That’s leverage, for example, which goes up to 1:200 on this portal. 

Bonuses Don’t Allow Withdrawals

Pricier account types bring another feature that is advertised as beneficiary but is actually another financial trap. Those are cash rewards that vary and can reach 75% of the deposited sum. 

Unfortunately, as legal conditions state, it isn’t possible to perform a single withdrawal until trading volume requirement is reached. The details of this condition are not revealed. 

Overview Of The Trading Environment

The tools that are offered for your “prosperous financial journey” are incredibly basic and poorly implemented. It’s important to note that many of these con schemes only offer some semblance of trading, with no access to the actual markets. All of the prices are deliberately tampered with to make you lose money on every speculation.

Unusable MT4

The program that is available through SMT Capital broker is a MetaQuotes demo of MT4. It is intended as a technology demonstrator, and any trading on it is fictitious.

When choosing a reliable firm to invest your money with, pay close attention to the provided software and its functions.

Mixed Bag Of Assets

SMT Capital Forex provider claims to offer margin trading, as well as cryptocurrency staking options. While the range of assets seems diverse, the broker doesn’t openly discuss either the full selection of instruments or the spreads clients should expect.

Here’s an overview of what’s allegedly available:

• Forex – EUR/USD, GBP/CHF, AUD/CAD, USD/JPY
• Cryptocurrencies – BTC, ETH, XRP, ADA, DOT, DASH
• Stocks – AAPL, TSLA, IBM, AT&T
• Commodities – Gold, Brent, Natural Gas, Cocoa
• NFTs – Azuki, Meebits, Moonbirds, Clonex

Obstacles to Account Creation

Without the required Promo code, a new SMT Capital trading account cannot be created. Due to such circumstances, we could not discover if the advertised features are indeed available. 

Some of the more attractive options with each pricier account are claimed to be personal account manager, free withdrawals and 24/7 support. Many of these features could be bought for far less money on regulated platforms. Here’s the prices that this fraudster forces:

• Basic – $1,500
• Silver – $25,000
• Gold – $50,000
• Platinum – $150,000
• VIP – “Ask You Manager”

Unprotected Transfers

Financial swindlers waiting on your deposit all convince you that you’re perfectly safe and your data is stored securely. But as soon as you share your credit card information, thieves gain access to your bank accounts and empty them. 

It’s even worse if you choose crypto currencies as a transaction method – they’re fully anonymous and it’s a headache to try and backtrace the money flow. 

Cyber thieves also want you to think that generating the withdrawal request goes through the SSL protected online portal, but that’s a lie, too. You’ll never cash in a single penny, and more excuses and reasons will always come up to stop you from trying to withdraw anything. 

Need Assistance? Don’t Hope For It!

By only providing one communication channel, in this case online form, the company makes sure you won’t be bothering them with questions. 

While scam agents can easily reach you and pester you for days to invest, contacting them when you want is next to impossible. When you try to send an inquiry, it will just sit in their email inbox forever and you’ll never get a response.

Got Defrauded? Get Your Money Back!

On the surface everything seems great with this firm – low percentage of losing clients, large selection of assets, MT4, crypto staking included… In reality, this SMT Capital scam is rotten to the core, and is already on the blacklist of numerous regulators.

If you’ve committed funds to this company’s trading account, you should try to get it back as soon as possible. Our experienced legal team can help with your endeavors, so book a free consultation via the live chat for more information.

FAQ Section

What is SMT Capital?

It is a blacklisted offshore broker that doesn’t operate under legal supervision.

Is SMT Capital Legit?

No, the brand is a total sham and they only try to rob unsuspecting retail traders.

Can I Recover Money from a Scam Brokerage?

There’s always hope and our legal experts are here to provide you support. Contact us for more info.

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

This dubious offshore brokerage should be approached with caution. CarbonCapitalFX operates under lax regulations, giving them ample room to carry out shady practices. 

Our CarbonCapitalFX review delves into their licensing, trading tools, fees, instruments, and payment methods. Take a look before considering CarbonCapitalFX as your broker.

What is more, we strongly advise you not to invest in Cambrill, Kot4x and Finotive Funding fraudulent brokers.

Can CarbonCapitalFX Be Considered a Broker With Licensing Compliance?

Upon closer look, CarbonCapitalFX’s website reveals contradictory information about their base of operation. Despite being supposedly run by Trident Trust Company Ltd in the British Virgin Islands (BVI) FSC, their T&C section claims they are operated by Carbon Capital Ltd from Saint Vincent and the Grenadines (SVG). 

Yet, neither regulator is known for strict guidelines for FX brokers. In fact, their lack of requirements, such as minimum capital and fund segregation, makes them risky options. Upon investigating CarbonCapitalFX’s regulation status and numerous complaints, we learned that this is a broker with lax regulation and unethical intentions. 

All in all, we don’t recommend trading with them. You should try and find licensed providers you can trust.

Note that CarbonCapitalFX does not possess licenses from Tier 1 regulators such as the FCA, ASIC, or BaFin. This means the broker lacks Tier 1 regulation, which may pose potential risks to traders.

CarbonCapitalFX is a suspicious offshore brokerage operating under lax regulations in the British Virgin Islands and Saint Vincent and the Grenadines. You should avoid this company.

Traders’ Opinions on CarbonCapitalFX

It is surprising to see that CarbonCapitalFX has a 4/5 rating on TrustPilot, despite many red flags about this broker. There are 4 reviews in total. Some traders may have had positive experiences with this broker. However, it’s critical to take into consideration the overall pattern of negative reviews and shady practices. 

As with any online review platform, it’s crucial to approach user ratings with a healthy dose of skepticism. Moreover, always conduct thorough research before making any investment decisions.

Trading Platform on CarbonCapitalFX

CarbonCapitalFX provides its clients with the option to pick between two trading venues, the popular MetaTrader 5 and its own CarbonTrader. While MT5 offers a solid range of advanced tools and automated trading, one trader reported issues with the platform being slow and the indicators and charting being messed up. 

On the other hand, CarbonTrader appears to be a web-based online platform, but without a demo account, it is difficult to determine whether it has the same features as MT5. However, despite the availability of these platforms, CarbonCapitalFX’s unlicensed status remains a major concern. Bear that in mind. 

What Financial Instruments Does The Platform Include?

CarbonCapitalFX offers a variety of trading instruments. Here is a list of the trading assets available on the platform:

• Forex currency pairs
• Indices
• Spot metals
• Spot commodities
• Shares
• Crypto 

However, it’s important to note that the broker’s regulatory status may impact trading safety and security.

CarbonCapitalFX Countries Of Service

Uncovering CarbonCapitalFX’s operational presence took a fair bit of investigation. To our surprise, we stumbled upon a list of countries where the broker offered services, despite operating without regulatory clearance. The countries in question were:

• United States
• United Kingdom
• Trinidad and Tobago
• India
• Canada

However, our findings also indicate potential bogus activities associated with CarbonCapitalFX. Hence, we urge anyone with concrete evidence of such practices to come forward and share them with us. 

What Are The Different CarbonCapitalFX Account Types?

CarbonCapitalFX shows traders two trading accounts to choose from. These accounts are as follows:

• Platinum Account
• Carbon Account

Keep in mind that this broker is suspicious. Investing your money with them won’t be such a wise move.

Can a Trader Use a Demo Account?

If you are looking for a free demo account to familiarize yourself with CarbonCapitalFX’s trading platform, you’re out of luck. The shady company does not offer a demo account, which means you’re forced to open a live account. It’s like jumping into a deep pool without knowing how to swim.

The lack of a demo account not only puts traders at risk but also raises suspicions about CarbonCapitalFX’s credibility. As a suspicious firm, it’s not worth taking the risk. It’s always better to stay safe and opt for a broker that offers a demo account and follows all regulatory norms.

Terms of Service – CarbonCapitalFX

If you take a closer look at CarbonCapitalFX’s web page and terms and conditions, you cannot help but notice an alarming number of discrepancies. It almost seems like the shady broker lifted the document off the internet but failed to make the necessary changes. This resulted in a jumbled mess of legal documentation.

Traders look for transparency and clarity in their dealings with brokers, and CarbonCapitalFX’s lack thereof is a big cause for concern. What’s a further pity, the broker has reserved the right to freeze clients’ accounts at its own discretion. 

Leverage, Spreads, and Fees

We found no evidence of hidden fees, which is a relief. CarbonCapitalFX adheres to offshore leverage standards, capping it at 1:500. 

While this may be enticing for some traders, it’s wise to remember that a high leverage ratio also comes with high risk. So, traders must be careful while trading with such high leverage. 

CarbonCapitalFX – Bonus Program

CarbonCapitalFX offers a 50% deposit bonus as a sign-up incentive. Still, traders must be cautious before accepting such offers from suspicious brokers. 

Such bonuses often come with complex terms and conditions, making withdrawal impossible. It’s crucial to read the fine print before accepting such offers.

What to Do if You Encounter a Problem with CarbonCapitalFX

If you encounter any problems with CarbonCapitalFX, don’t hesitate to reach out to us. Our team of experts is here to help you in any way possible.

If you suspect that CarbonCapitalFX has violated any laws or if you’re facing withdrawal issues, our team can help you get your money back. We understand the importance of your investments and will do everything to ensure you’re fairly compensated.

What Is CarbonCapitalFX?

CarbonCapitalFX is a suspicious forex broker that offers financial services and promises high returns.

Is CarbonCapitalFX a Regulated Broker?

No, CarbonCapitalFX is not a fully regulated broker. It operates without a Tier 1 license, making it a risky choice.

Is CarbonCapitalFX Available in the United States or the UK?

CarbonCapitalFX claims to offer its services in the US and the UK. However, it lacks the necessary licenses to operate there.

Does CarbonCapitalFX Offer a Demo Account?

No, CarbonCapitalFX does not offer a free demo account. Traders must open a live account and invest 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

You’ve decided to start trading; good for you! However, you must be very careful when choosing a broker. These people will handle your hard-earned money, and you must take extra caution. If you are looking for information on this broker, this detailed DGTL Trade review is perfect for you.

After doing some research, things aren’t looking very promising, and we highly advise you to read the full article before taking action.

Is DGTL Trade a Secure And Regulated Platform? 

We didn’t find much information on DGTL Trade corporate information. Many details are not disclosed, such as owner, headquarters, registration numbers of the company, etc. Missing data does not sound very trustworthy, yet the company claims they are very transparent.

DGTL Trade broker is not regulated by any reliable regulatory body. That alone is suspicious enough alongside other warning signs. We looked through ASIC, FCA, and BaFin licenses, and there is no trace of this so-called brokerage. They don’t have Tier1 regulation whatsoever. 

In top of that, we seriously recommend you not to invest in the fake brokers BullCFDs, Amplixx, and 5Markets. Do not trade with these unlicensed brokers if you want to save your money!

How Unsafe Is An Unlicensed Broker?

We will give you a few insights on safety when working with unlicensed companies. For example, if the FCA licenses a company, your funds will be safe because the authorities force strict regulations.

Rules are being followed, as well as risk-reducing measures, such as negative balance protection and leverage restrictions. Yet if you are trading with unregulated brokers, your funds are exposed to fraud risks.

​​Is DGTL Trade a Legit Broker or a Scam?

DGTL Trade is an unlicensed company that is very shady on background information. Blacklisted as a scam by BCSC this company is not reliable, there are just too many red flags.

DGTL Trade Warning Issued by the BCSC

BCSC exposed DGTL Trade as a scam, and they published a warning. This company is violating regulations and financial laws, and it is highly advised not to get involved with them. This is a major red flag!

If you invest money with DGTL Trade, there is a big chance you will never see your money again, let alone earn some more. 

Traders’ Experience With DGTL Trade 

The situation for this broker is not so good in the comment section. This is just one of many examples of DGTL Trade reviews.

“ABSOLUTELY 100% SCAM!!!” 

– Trustpilot Customer

DGTL Trade Broker – Countries Of Service

The DGTL Trade broker is operating with clients from:

• Canada
• Belgium
• Bulgaria
• Switzerland

DGTL Trade Offers MetaTrader 4?

The company claims it offers an MT4, one of the leading Forex platforms many companies use. But the truth is that DGTL Trade is using a Webtrader, and in terms of functionality, it’s nowhere near MT4. MetaTrader 4 has many features such as complex indicators, automated trading, analysis tools, and many more.

Conversely, Webtrader is a poor trading software with nothing to offer. 

DGTL Trade Mobile Trading

Mobile trading is not enabled since there’s no actual MT4.

All About DGTL Trade Accounts          

Broker offers four account types:

• Beginners – 5,000 EUR
• Medium – 15,000 EUR
• Retirement – 30,000 EUR
• VIP – 50,000 EUR

Accounts differ in terms of spread, leverage, and other perks.

Range of Trading Instruments and Markets

Available assets for trading are:

• Cryptocurrencies – BTC, ETH, XRP
• Commodities – gold, silver, oil
• Indices – Dow Jones, DAX30, FTSE100
• Forex – EUR/USD, GBP/USD, CAD/AUD

So, you should avoid Invest Flow forex broker and similar brokers such as WealthsailingForex, Exindex and ZuluTrade.

Trading Conditions

The firm determines its own trading conditions. Thus, we have a situation with leverage.

About Leverage And Spreads

Leverages depend on the account type. It goes from 1:100 with a beginner account to 1:400 for the VIP account. Many jurisdictions impose a leverage cap of 1:30, the ratio that protects your funds.

Spreads vary as well, from 2.8 pips for a beginner customer and 0.1 pips for the VIP customer. This alone indicates higher trading risks.      

DGTL Trade Withdrawal and Paying Methods

The minimum withdrawal amount is 50 EUR. The only information on fees is that there is no charge when you send a request for a withdrawal. The payment methods are:

• credit/debit cards
• wire transfer

Yet the system was not working, so this information could not be verified. 

DGTL Trade Bonuses – As A Method Of Fraud

Whenever a client makes their first deposit, a bonus is added. The bonus usually means something good, but it will not come in handy in this case. Things get tricky when a client wishes to withdraw money.

They must trade a minimum trading volume of the bonus amount divided by four in lots to withdraw bonus funds.

So, for example, for 200 EUR, a client would need to trade 50 lots or 5 million euros, which is insane. Beware!

Customer Support – Communication Channels

The company will try to reach out through various ways of communication. They will be very persistent in getting in touch with you. Phone calls, WhatsApp, Telegram, email, etc. Some will even create fake social accounts, so beware.

They are not that responsive when it comes to answering back.

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

We are very sorry if you came across this article after being scammed. The sad truth is that you are not the only one. Many people fall for the idea of easy money; companies promise everything until you make a deposit, and they usually go silent.

However, don’t despair. There is still something that you can do – file a dispute for a chargeback. 

But What Is A Chargeback?

A chargeback is a way for your bank to recover funds from the merchant. Contact us today, and let’s get started.

What Is DGTL Trade?

DGTL Trade is an unregulated broker. Since the company is very shady on basic corporation information, many details are left unknown.

Is DGTL Trade a Scam Broker?

Yes, DGTL Trade is a scam broker. It’s not regulated, and BCSC issued a public warning against the scheme.

Is DGTL Trade Available in the United States or UK?

The company is not working with clients from the United States. They are working with clients from the UK.

Does DGTL Trade Offer a Demo Account?

No, broker is not offering 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

Cupiro claims to “empower you to be the best trader you can be.” Since the firm is relatively new and established this year, it could explain why it still didn’t get a license. However, there are some concerning facts about the company elaborated through our Cupiro review.

In the meantime, we would like to invite you to read our latest updated reviews of the scam brokers Finazio , Roicraft and Global Ventures . Be careful with these brokers.

What About Cupiro Regulation?

Cupiro is a brand of Rebelism Limited, based in the British Virgin Islands. The company is registered there, and we appreciate the information. However, having offshore headquarters always raises certain questions. Was the company established there for an easier tax system, or do they have a more vicious goal in mind? It’s a question only the regulation should explain.

Why Must a Broker Have a License?

A broker must have a license in order to fulfill certain regulatory requirements and create a safe trading environment. Tier1 regulators obligate Forex firms to form humongous compensation funds and use them to reimburse clients if there’s an issue.

Sadly, Cupiro didn’t get a license yet, and it’s unclear whether it plans to obtain one. This, along with the fact firm is based offshore, leads us to believe that your funds might be at risk.

Cupiro Warnings From Financial Regulators

Despite being a young broker, Cupiro already got its place on the list of regulatory warnings. The Canadian AMF of Quebec issued an official warning and placed cupiro.io on the list of fraudulent domains operating without a license.

At the exact time, also avoid scammers such as Warden VC Broker , CryptoPro24 and DCMGroup. If you can, tell us about your scam incidents.

Traders Reviews About Cupiro Scam

While you may be astonished by Cupiro reviews on Trustpilot, check again. All the reviews were written in the past 7 days, and even though the company says not to accept US clients, you will see reviews from this country. 

However, here’s an example of a review from Canada, just to confirm the regulatory warning.

“This company is a crypto currency scam. I work for the bank and I spoke to a customer that has been scam by this company. Please do not give them money.”

– Trustpilot customer

Cupiro Charges Unusual Hefty Fees

Some Cupiro complaints led us to check the company’s Terms and Conditions. It showed us that the firm is charging a rather high inactivity fee, $85 per month, if your account wasn’t active for 3 months in a row. Furthermore, after 6 months, they have the right to close your account and keep your funds.

There is a clause stating, “If you do not have sufficient available funds deposited with the Company or in your bank account to pay the purchase price of an Order along with the respective fees and commissions, the company may refuse to execute the order.” Per se, it looks alright, but it practically means that the broker will try to charge your bank account instead of explaining and informing you that you need to deposit more funds. 

While stating there are no deposit and withdrawal fees, the Terms and Conditions says it’s only if you withdraw using a credit card. Wire transfer withdrawals have a $30 withdrawal fee.

If you do not verify your account within 15 days of opening an account, you will be charged $30.

Supported Trading Platforms – Available Trading Software

Cupiro offers WebTrader along with desktop and mobile apps. Yet, if you try to download it, you will be warned that the app comes from an untrustable source and it may cause damage to your device.

The web version is pretty functional yet limited. It has fewer charts and indicators than MT4 or MT5 and doesn’t support social trading.

All in all, the platform is not bad, but it could always be better to find a licensed broker offering MetaTrader.

Everything About Cupiro Trading Accounts

Cupiro offers 3 different account types.

1. Micro – $250
2. Standard – $2,500
3. Pro – $25,000

While regulated firms use the name Micro for accounts requiring as low as $10, Cupiro considers the minimum deposit of $250 to be micro. Accounts differ in leverage and spread.

Cupiro Range of Trading Instruments & Markets

The offer of trading instruments is pretty average, including:

• Currency pairs
• Commodities
• Indices
• Shares
• Cryptocurrencies

The leverage is unregulated and goes from 1:100 up to 1:300.

Cupiro Deposit and Withdrawal Methods

Cupiro says to accept the following payment methods:

• Debit/credit card
• Wire transfer
• eWallets
• Bitcoin

However, using your card might be tricky as there’s no button to process the transaction. On the other hand, eWallets are not specified, and you cannot choose any. 

It leaves us with wire transfers and Bitcoin. Wire transfers take up to 7 business days, while Bitcoin transactions are hard to track. It seems that the broker thoroughly thought about which option should actually be enabled and which one should remain just a paper-written option.

Scammed by Cupiro Broker? – Tell Us Your Story

If you were scammed by Cupiro broker, let us know. Our chargeback specialists may have a solution for you to get a refund. Since time is of utmost importance for finances, contact us right away!

But What Is A Chargeback?

This is a way for your bank to reverse the fraudulent online transaction. Contact us to book a free consultation, and let’s get your money back now!

What Is Cupiro?

Cupiro is an online Forex and CFD trading provider based offshore, without any regulations.

Is Cupiro A Scam Broker?

Cupiro has been blacklisted in Canada for providing unauthorized financial services.

Is Cupiro Available in the United States or the UK?

Cupiro says not to accept US clients while it’s available in the UK.

Does Cupiro Offer a Demo Account?

Yes, Cupiro offers a Demo account so that clients can test the platform before investing.

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

Dominion Markets wants you to believe you’re trading with a safe and reliable broker that holds your funds in segregated accounts. Seeing their website gives you a feeling of utmost safety and privacy. However, not everything is as it seems to be.

Read our Dominion Markets review to see where the issue is.

Dominion Markets Regulations and Security

Dominion Markets is an online trading brokerage owned by the same-named company – Dominion Markets LLC from Saint Vincent and the Grenadines. The brand was established in 2020, along with many others. Why? Assumingly, brokers used the fact the world was facing a global pandemic and people were looking for an additional source of income. As SVG doesn’t have an official regulator, rather just an FSA register, so it was fertile to start a fraudulent business.

If you want to start trading, consider Tier1 regulated brokerages in the UK, Australia, and Germany.

Fund Withdrawal Issues

Have you ever tried to get money back from someone who clearly just came to scam you? If so, remember how you had to chase him and beg, as if it’s something that doesn’t belong to you.

According to Dominion Markets reviews, clients of this brokerage feel the same. As if they are trying to get something that is not theirs. Despite them being the ones who invest and make a profit, getting a payout is nearly impossible. The broker refuses to process withdrawal requests and delays clients until it suspends all of the accounts. Once your account is suspended, you’re losing every track of your funds.

Traders Opinion

As mentioned, clients are severely hit by withdrawal issues. Besides, there are many complaints regarding deposit methods since it appears that this company brokerage only allows deposits via cryptocurrencies. Once clients try to reverse the transaction, the process is way more complicated than when depositing using your debit/credit card.

Beware of Dominion Markets scam and similar bogus brokers such as 4x trade, Arb-capital, Daxiron, and Arrowteks!

How Does Online Trading Scam Work?

Every online trading scam looks similar. Everything starts from an advertisement about future life and luxury. From there, you’re being persuaded to make an initial deposit. In the case of Dominion Markets, it’s $100, which you think you can afford to lose. However, the broker’s constant pressure to invest more and more until you have nothing left is something you cannot afford. And the goal of offshore scammers is precisely that. To leave you with nothing and disappear.

Scammed by Dominion Markets?

If you were scammed by Dominion Markets or a similar scheme, let us know. We’re dealing with such frauds for years, and there is a legit way to get your money back – a chargeback.

But what is a chargeback?

Once you have been scammed, you’re entitled to get your money back. For that, you need to undergo certain procedures and file sufficient evidence. Contact our support team via online chat to tell us your story. Our experts will help you file a dispute and fight for your money!

What is Dominion Markets?

Dominion Markets is an online trading brokerage without any kind of trading regulation.

Is Dominion Markets a scam?

The broker is unregulated and has a lousy reputation among traders.

Is Dominion Markets regulated?

No, this firm is not regulated and cannot provide financial services legally.

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

This shady crypto exchange is operated under BlueData OU management. This company is established in 2018 with headquarters in Estonia. With this in mind, you might think that you will enjoy some kind of protection.

Thus, the company is not one of those that bother with security. Since they don’t provide literally any information about their operations. Read this Xchangepro Review carefully to learn more about crypto scams.

Legal info: Is Xchangepro legit or a Scam?

Xchangepro.net was operating with the license in Estonia. Thus, that’s the only one they had. Since they lost it in 2020. However, the company doesn’t have DASF (Digital Asset Service Provider) license.

Considering the missing license, you can’t expect any kind of protection. But generally, if you are not trading with a trusted and licensed crypto exchange you are in trouble.

Xchangepro User-Experience Reviews

For more than 5 years, it’s quite strange there are only 5 reviews about the company. At least on the Trustpilot platform. However, it’s more than enough to expose the Xchangepro scam.

In fact, all comments point out some irregularities. But mainly issues during withdrawals. Don’t miss out on the chance to get your money back by contacting our specialized team for assistance.

https://www.trustpilot.com/review/xchangepro.net

Who are Xchangepro clients?

As can be seen, the company doesn’t have any country restrictions. So, wherever you are coming from, you are not safe with the Xchangepro scam company. Their scammed clients mainly come from:

• Japan
• Germany
• United States

With 3 strictly regulated countries, it’s just a matter of time before regulators expose them. Before that, you are on your own and our suggestion is to get the money out of there. Yet, if you get issues during the withdrawal procedure contact our team for advice.

Xchangepro Fees and Commisions

Generally, legitimate crypto exchanges provide customers with fully transparent costs. Whether for deposit and withdrawal or trading fees. On the other hand, scam companies tend to hide as much information as possible.

For this reason, information about Xchangepro fees is not available. But also, the Xchangepro login option is available for existing clients.

Xchangepro Trading Features

Xchangepro site provides quite dull information about trading software. Even though promotion appears in the form of a mobile app, there is no such app in trusted stores. Most likely the company provides you with third-party software or web-based one.

Trading companies are growing like mushrooms. On every corner and every part of the world. But you need to catch up with new tricks. Therefore, read our UltraBrokerz review.

         Is Xchangepro legit?

No. The company is completely mysterious and its transparency is close to zero. But even the information provided by the company is irrelevant to the business. On top of that, there are many negative reviews.

         Available Trading Assets                     

According to the advertisement, the company is specialized in cryptos. As the fastest-growing investment class, cryptos quickly became very popular. With fast potential returns are coming fast losses as well. Especially with shady companies like Xchangepro.

         Mobile Trading App

Even though it appears that the company has a mobile app, such an app doesn’t exist. But even if it does, it wouldn’t be comparable to licensed and trusted exchanges. All the information provided on their app would be unsafe and open for sale.

         Demo Account

A huge downside of the Xchangepro platform is missing a demo account. Investors can’t see what features their platform offers and if that suits them at all. Instead, the company went for the anonymous way.

         Education

If you are expecting an education from a scam crypto exchange, you are in the wrong place. In fact, they can only teach you the wrong side of investing. Most likely the one that suits them the most. Luckily, this company doesn’t offer any educational program that would ruin your investing knowledge.

Xchangepro Withdrawal

Since the company doesn’t provide information about funding methods, what to expect for withdrawals. On the positive side, if you are doing a purchase with a debit or credit card, you are good. Simply, because you can file a chargeback within the first 540 days.

However, with more and more alternative methods, such an option is not possible in many cases. Considering the company’s low transparency, most likely you won’t have the option to withdraw any of the funds.

Customer Support

Even though contact options look legit, don’t hope much for it. In general, you can try reaching this company via phone, e-mail, an online contact form or live chat. But their response solely depends on the reason for your call.

If you want to deposit the money, you can expect kindness. On the other hand, if you are reporting an issue you can forget about the assistance.

Key Information To Consider About Xchangepro?

Firstly, the company is based in Estonia and doesn’t have a DASF license. Secondly, the company doesn’t provide transparent access to the investing platform and doesn’t offer registration on the website. Most likely new investors are lured through catchy adverts. Lastly, many traders reported withdrawal issues. Which is a major warning sign and a reason to avoid the company.

We are hoping that you didn’t invest any money here. But if you did, contact us as soon as possible. Our expert team is equipped with the necessary knowledge and technology to assist you with the refund procedure.

But most importantly, you don’t have any obligations. Not even costs for the first consultation. So, you decide. Do you want to get back your hard-earned money or not? We are waiting for your message.

FAQ Section

Is Xchangepro Trustworthy?

No. Xchangepro company is just losing its credibility and reputation over time with its customer service and withdrawal issues.

What Is Xchangepro's Official Website?

The official website that the company is using is xchangepro.net and operates since 2018.

Where Are Xchangepro's Headquarters?

Xchangepro headquarters is in Estonia. Thus, the company doesn’t comply with European laws and regulations. If you had any irregularities with them, contact us to find the solution.

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

AF Group broker says clients have several reasons to trade with them. Some of the mentioned benefits are full transparency, prioritizing clients, and full responsibility for their support and services. Generally speaking, these are great perks. Or so would they be if they were real.

Read this detailed AF Group review to learn more about this vicious scammer.

To add to the foregoing, we strongly advise you to ignore brokers such as FutureProfit, EuroInvestec, and Novelis Capital.

How Safe Is It to Start Trading with AF Group?

AF Group’s main issue is the lack of transparency. While they claim to provide “healthy trading and serve in full transparency,” we know nothing. There’s no name of the owner, legal jurisdiction, or anything of value. If things go wrong, traders will be unable to start legal action. And that’s how their main benefit just collapsed.

As per prioritizing clients, this is true for as long as clients make deposits. Once they ask for a withdrawal, they see the broker’s true nature.

And speaking of responsibility, they did everything they could to avoid it. By staying anonymous, they directly disabled traders from pursuing responsible ones and recovering stolen funds.

Reasons Not to Trust an Unlicensed Broker

There are a whole lot of reasons to avoid unlicensed brokers. As you can see in the AF Group example, they can sell anything and hold to nothing.

You can be promised profits, trading software, and impeccable service. Yet, since no authority body controls their activities, such firms don’t need to provide anything they don’t want.

So Is AF Group a Decent Broker or a Scam?

Should you trust AF Group with your money and should this be your broker of choice? This detailed AF Group review will break it down for you.

Warning Issued by the Central Bank of Russia (CBR)

The Central Bank of Russia issued an official warning against AF Group. According to it, this firm provides illegal financial services to Russian citizens.

Usually, when one regulator bans the broker, others are to follow. Thus, we can expect afgroup.pro to be blacklisted in more countries.

What Do Traders Think Of AF Group?

Due to numerous issues, AF Group complaints are overwhelming the market. Customers say that they cannot get withdrawals, no matter what.

According to reviews, the company dissuades clients by promising bigger returns and better market opportunities. However, these alleged opportunities quickly turn to market losses, and eventually, traders have nothing to withdraw.

AF Group Trading Platform – Available Trade Software

Speaking of the missing information, here’s the biggest problem. AF Group says to offer AF Group WebTrader. Unfortunately, access to this state-of-the-art software is disabled. The broker requires customers to wait for their accounts to be approved. From our experience, you can end up waiting for several hours.

Since we weren’t immediately approved, we cannot confirm whether this web-based platform is available or is a part of the scam. However, we’re sure that finding a legit firm with MetaTrader is a far better choice. MT4 and MT5 have set themselves as industry standards, and choosing either of these platforms ensures fund safety and a variety of trading features.

AF Group Accounts Overview

AF Group has 6 accounts on offer, all requiring higher deposits. 

1. Starter – 250 EUR, 10% welcome bonus, leverage 1:20-1:80
2. Premium – 2,500 EUR, 15% welcome bonus, leverage 1:80-1:100
3. Premium Plus – 25,000 EUR, 10% welcome bonus, leverage 1:100-1:200
4. Business – 50,000 EUR, 20% welcome bonus, leverage 1:120-1:200
5. Luxury – 75,000 EUR, 22% welcome bonus, leverage 1:200-1:300
6. Black Pearl – 100,000 EUR, 24% welcome bonus, leverage 1:500

Besides bonuses and leverage, accounts vary in terms of spread and enabled trading strategies, e.g., hedging and scalping.

Welcome Bonus and Referral Program Fraud

The company offers a 10-24% welcome bonus and a 20-26% refer a friend bonus. This is advertised as the generosity of AF Group, which is willing to participate with you in the trading process.

However, the Deposit&Withdrawal Policy has a clause referring to non-deposited funds. According to it, clients cannot withdraw their money before reaching 25 times the deposit plus the bonus amount. This has just turned generosity into fraud.

AF Group Broker – Countries Of Service

AF Group mainly targets residents of Australia and Bulgaria. However, others are not spared either. According to the CBR warning, we know they operate in Russia.

It’s only a matter of time before other regulators react, and we’ll see the full picture of the AF Group trading scam.

Ensure you don’t find your name on their list of victims. Avoid this bogus website by all means.

AF Group Range of Trading Markets

AF Group offers trading in the following markets:

• Currency pairs – EUR/GBP, AUD/CAD, USD/NOK
• Commodities – gold, silver, corn
• Indices – AU200, BE20, DAX30
• Stocks – Amazon, Google, Nvidia
• Cryptocurrencies – BNB, USDT, SOL

However, remember the names of the BullGeko, Fibofix, and CFD Capital and stay away from them! Before investing, always check the history of online trading organizations!

What Is Known About AF Group’s Trading Conditions?

Leverage and spread are vital when determining whether to engage with the broker. These are the main indicators of costs and risks that every investor is concerned about. 

If the leverage exceeds the regulatory cap, it’s risky and indicates that you cannot trust your broker. The spread shouldn’t be too low. Otherwise, the firm cannot profit from commissions but plans to vanish with your deposit.

About Leverage and Spreads

The leverage with AF Group ranges from 1:20 to 1:500. Not only is this gap too wide, but the leverage violates regulatory rules. As per the spread, it can be fixed or floated, depending on the account type. According to the website, it ranges from 0.4-1.5 pips, which is relatively solid.

AF Group Minimum Deposit and Unfavorable Withdrawal Terms

The minimum deposit is set to be 250 EUR. Legitimate brokers have way lower demands, allowing you to start with $10. 

Regarding withdrawal terms, there are hefty fees and bonus clauses. Both of these make the withdrawal process unnecessarily complicated. The minimum withdrawal amount for wire transfers is $250, which is quite a lot.

Methods of Making a Deposit

According to the Deposit Policy, customers can invest using:

• Debit/credit card
• Wire transfer

We cannot confirm or deny this without access to the platform or our account.

Scammed by AF Group Broker? – Let Us Hear Your Story

Being scammed by a phony broker such as AF Group is not a shame. These people will do everything in their power to extort your funds. However, you have to fight back. You must recover what’s rightfully yours, and we’re here to assist with the chargeback process.

But What Is A Chargeback?

This is a way for your bank to get your money back directly from the merchant. Our experts will evaluate your case during a free consultation to help you out. Don’t waste time; let’s act now!

What Is AF Group?

AF Group is a fraudulent trading platform that has been banned in Russia.

Is AF Group a Scam Broker?

AF Group has been blacklisted in Russia due to scam activities and illicit financial offers.

Is AF Group Available in the United States or the UK?

AF Group operates in the UK but doesn’t provide its services to US residents.

Does AF Group Offer a Demo Account?

AF Group doesn’t offer a Demo account or any access to trading software before account approval.

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

With every passing day, scams and cons become more advanced. The people behind Finhubvest have done their homework, and their website looks the part of an authorized brokerage. The more you look, however, the more cracks begin to appear in their shiny facade.

Many discrepancies and contradictory information that exist on the site are there to confuse potential investors. Our Finhubvest Review will peel this fraud one layer at the time, exposing all the bad stuff that lies inside.

Finhubvest Lies To Their Clients About Legal Information

Finhub Vest has disclosed a company registration number, they are allegedly a registered entity in St. Vincent and the Grenadines. Because the FSA no longer handles authorization of different Brokerages, it would be necessary for Finhub Vest to obtain a trading license in another region.

Upon closer inspection, we found out that the allegations of company registry are just that – empty claims with no proof. There is no entity under the name of Finhub Vest LTD registered in SVG. Finhub Vest also advertises that they are a “Safe Regulatory Environment”, but they do not provide any license information.

We’ve researched the databases and registries of many different regulatory bodies around the world. Nowhere, not in the BaFIN, CySEC, FINMA, NFA, FCA and many more, have we found any information about Finhubvest or any company with a similar name. This proves our suspicion – Finhub Vest is an unlicensed entity.

An unregulated broker like Finhub Vest has no regard for any regulatory standards. Because they answer to no-one, there’s nothing stopping them from doing a runner and disappearing with their client’s money. Many scammers do exactly that, like PayBito for instance.

The Finhub Vest Fraud Is A Danger To Anyone

Finhubvest has been spreading like a disease since 2022, when they first launched their finhubvest.com platform. They also use social networks, such as Facebook, Instagram, LinkedIn and Twitter to solicit their bogus brokerage.

Most of the finhubvest.com victims live in these countries:

• United States
• India
• Nigeria
• Brazil

Although the high quality of the finhubvest.com website does its part in sealing the deal when it comes to investments, it is the Boiler Room Agents that do most of the hard work. Boiler Room Agents don’t know when to quit, and will keep pestering you until you give in and deposit money with the company they are working for.

Spreads, Fees And Other Pricing Information About Finhubvest

The finhubvest.com website seems to have been made by a professional, and contains a lot of information about different markets, pricing, and other crucial points of online trade. Allegedly, spreads are tight, starting from 0.1 Pips, but we couldn’t find any FX pairs with spreads tighter than 1.7 in the table.

Finhub Vest Terms and Conditions states that they reserve the right to charge any fees at any time. One of these is a Chargeback Fee for withholding a Bank Card Payment, which is $100, plus additional $100 if the company deems necessary. Dormant accounts will be charged a $5 fee monthly, after 90 days of inactivity.

Bonus As A Bait For New Clients

When it comes to bogus brokers like Finhub Vest, a bonus is one of those things that serve to attract, and later entrap a victim. These fraudulent entities, like FameEX for instance, abuse the bonus clause of their Terms and Conditions to prevent withdrawals.

Since the Terms and Conditions found at finhubvest.com don’t even mention a bonus, we suspect this is one of the main mechanisms for preventing a payout from their platform.

General Trading Conditions Found On FinhubVest.Com

The trading software that Finhubvest offers is industry standard, and their accounts seem to have reasonable costs. This apparent transparency and abundance of information makes it seem like Finhub Vest is a legitimate company.

After checking the legal information, however, we know better than to trust them. You should take every piece of information below with a grain of salt, since scammers are known to change their conditions on a whim.

Trading Platforms Available

Finhubvest advertises the most widely used trading programs, MT4 and MT5. The advertisement for MT4 on finhubvest.com will take you to the Platform Download page, but you won’t find a download link on it.

MT5 Trading Platform is available, but it’s not specific to the Finhub Vest brokerage. The basic demo of MT5 is provided. There is no Finhub Vest Login either, it will automatically log you in to the MetaQuotes Demo Profile.

Finhubvest Offers An Array Of Trading Assets

On paper, you may trade a wide variety of different assets through Finhubvest. We don’t believe their claims for a second, seeing how they don’t have a functional Trading Application. Nevertheless, the broker advertises a selection of instruments, divided in a few most popular classes.

Here are the main groups of finhubvest.com Trading Instruments:

• Forex (URS/USD, GBP/CHF, AUD/CAD, USD/JPY)
• Cryptocurrencies (Bitcoin, Ethereum, Ripple)
• Stocks (Alibaba, Google, Tesla, Twitter)
• Metals (Gold, Oil, Cocoa)
• Indices (JPN225, UK100, US30)

Finhubvest Account Types

There are some discrepancies concerning the Finhubvest Account Types information. One page of their website claims that there is a minimum deposit requirement for these accounts, while the other mentions some rather steep prices. It’s all a strategy to confuse and exploit the clients.

Here are what the finhubvest.com Accounts look like:

• Micro – $100
• Uniglobe Premium – $500
• ECN Classic – $1 000
• ECN Elite – $10 000
• Uniglobe VIP – $50 000

Free Demo Account On Finhubvest

Considering that you may only trade with finhubvest.com through a Demo version of MT5, this is an interesting claim to say the least. Sure, it’s free, but it doesn’t reflect the actual trading conditions found on Finhub Vest. This means that any research you might conduct is quite useless.

There is a burning question on everybody’s mind – if the only trading application is a Demo, why should you deposit any real money at all?

The Way Finhubvest Handles Withdrawals Is Questionable

Not much information is given about the withdrawals from the Finhubvest platform. First of all, the links that should lead to legal documents are dead, and don’t function. The Terms & Conditions document is quite vague in this regard, and their Trading Application doesn’t have an integrated payout function.

Withdrawals are always questionable with scam brokers like Finhubvest. Should you encounter problems with your payout, it would be prudent to seek professional help. Our legal experts are available around the clock, and you may book a free consultation at any time.

In The End, There Are No Positive Aspects Of Dealing With Finhubvest

Nothing is as it seems with this broker. Finhubvest is just another fraudulent company, no matter how hard they try to hide it. Lots of conflicting information, lack of a workable trading platform and insane minimum deposits all reek of scam. The finhubvest.com website might seem attractive, but it’s just a shiny bait for new victims.

Many people have already complained to us about their bad experience with Finhubvest. If you have been duped by these professional con artists, you shouldn’t stay quiet about it. We would like to hear your story, and provide legal help in resolving your issues. Our team of recovery experts are experienced and devoted, and you may book a consultation session for free using the Live Chat on our website.

FAQ

Does FinHubVest Have a License?

No, FInhubvest is an unlicensed brokerage. They do not have any authorization to provide any of the services they advertise on finhubvest.com website.

Can I Access FinHubVest's Trading Platform From Mobile Devices?

The MT5 application is fully compatible with all desktop and mobile devices, but the Finhubvest scam does not feature a fully functional version of the application, only a Demo.

Does FinHubVest Give a Deposit Bonus When Opening an Account?

Finhubvest offer various bonuses, including a bonus of up to 100% on deposits, and up to 20% for trades. This is all another part of the scam strategy, however, and there are many hidden caveats when accepting any bonuses from scam brokers.

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

CoinW presents us with a flashy website that is comparable to other high-quality cryptocurrency exchanges. One thing that makes you doubt the quality of service is the server’s poor response times. It’s clear that the website outgrew the original data setup. Buttons and links frequently return the “Server is busy” error, and glitch out.

You wouldn’t expect a reliable cryptocurrency exchange to have such poor data processing capability. Our CoinW Review will tell you all about the warning signs of dealing with a crypto scam!

CoinW Is Not Licensed Anywhere

CoinW lists a rather large number of parent companies on their website “About” page. Each of these firms is active in separate jurisdictions. The Terms & Conditions document states that legal disputes fall under the jurisdiction of the court of St. Vincent and the Grenadines.

COINW LINK LTD is allegedly registered in Canada, and BBT INC in the US. LCT Holding Polish Limited Liability Company should be a Polish company, and LCT Holding UAB LLC, judging by its name, should be registered in Lithuania.

The New SRO of Canada, NFA of the US, Lithuanian LB and Polish KNF registers do not contain any entity CoinW has mentioned as parent companies. A check-up with the FSA register returned no results either.

We have checked the databases of other financial regulators as well, notably BaFIN, CySEC, FINMA, ASIC, FSMA and AMF. None of them have any information on CoinW parent companies, or this cryptocurrency exchange in particular. This tells us that the CoinW Exchange is operating without any license.

How Does The CoinW Fraud Work?

The first cryptocurrency-related content on the www.coinw.com website dates back to 2018.

Most of the coinw.com website traffic comes from these regions:

• Turkiye
• India
• Indonesia
• Nigeria
• Bangladesh

The www.coinw.com website has a large visitor count, and does well as an independent marketing tool. The company also uses viral advertising through their social network activity on X and Telegram.

This allows the CoinW Boiler Room Agents to reach out to a larger audience. You see, CoinW is a so-called Romance Scam. CoinW agents pretend to be romantically interested in their targets, and manipulate the victims into investing with the company. Many frauds like Exobit use a similar strategy.

CoinW are also a sponsor for the Globe Soccer Awards, but this hardly proves their legitimacy. If you remember  the CoinCasso scam, you also remember their sponsorship of the Paris Saint-Germain football club!

Testimonials Indicate Scam

The vast majority of reviews on Trustpilot are from satisfied CoinW clients, but this might be indicative of the involvement of Review Seller Networks.

When you see some of the testimonials with 1-star rating, you will see that they complain about well-established scam strategies:

“ They will fake a love affair for one month.Then your so called lover talks of investing . Small amoiunt .at first. I invested 200 and earned 81. i tried to withdraw they said t Wanted me to invest 3000 to get my money out. I would have to get small loan to do that. […] “

“ Scam. Even most of their reviews are fake. They have fake love interests who will talk to you for almost a month then mention investing. They’ll lure you with small investment then use a large one, They’ll say you can’t get money back until you pay 30% on all assets not just the profit. […] “

Reach out to our legal professionals for help in your CoinW chargeback. You may contact us via the live chat, and book a free consultation at any time.

Costs Of Trading With CoinW

The leverage for trading various cryptocurrency instruments on CoinW is 1:200. This is not in line with regulation in most jurisdictions. In the EEA, for instance, max crypto leverage is 1:2, and in the US and Canada leverage for crypto assets is 1:5.

Depending on the VIP status, clients can expect different costs of fees. Maker and Taker fees start at 0.2% and drop to 0.01% with more trading volume. There is no information about deposit and withdrawal costs on the site. This lack of transparency is common with other scams like CMMCI Securities.

Hefty Bonuses To Lure Investors

When we created a CoinW Login, we received an email from the company claiming that we were allotted $1640 of bonus funds. Upon logging into the trading floor, we have received another bonus of USDT 1000.

That’s more than $2 500 worth of bonuses for just creating an account! Bonuses are forbidden in many jurisdictions, including the EEA. CoinW scam actively uses bonus policies to prevent clients from withdrawing.

Trading Features Are Not What Was Advertised

At first glance, the trading features found on CoinW are very similar to those found with other cryptocurrency exchanges. The CoinW scam is set up in such a way to seem like they offer great deals to their clients.

As you will see in our CoinW Review, there are many hidden traps for unwary traders. Whatever it is that they are promising are just parts of the fraudulent marketing scheme.

Basic Web Trading Platform

The CoinW trading platform is web-oriented. It is a simple charting software, with charts imported from TradingView. Although these charts are frequently updated with real market data, there is no benefit from viewing them from CoinW.

You get a simple interface with Buy and Sell functions. The ability to use Limit Order, Market Order and Grid Trading is supported as well.

Unlisted Mobile App

The Mobile Apps that CoinW uses are not listed in either App Store or Google Play. They are only available via a direct download through a QR code.

The absence of an official listing with Apple or Google allows CoinW to hide the usage statistics from their clients. It also allows them to distribute malware via their mobile apps, and for this reason we do not recommend installing CoinW software on your phone.

Many Coins On Offer

CoinW allows trading of different Cryptocurrency related instruments. Because CoinW is an unregulated exchange, we cannot recommend using their services.

Here is what this exchange allegedly offers:

• Cryptocurrencies (Bitcoin, Ethereum, Ripple, Cardano, Dash)
• Crypto ETFs (Bitcoin, Ethereum, Doge, Shib)

VIP Tiers As Account Subtypes

As with many crypto exchanges currently operating, there is only a single trading account available for CoinW. Unlike with legitimate companies, CoinW does not offer a demo account.

Instead of different account types, you rise through VIP levels depending on the trading volume you have achieved. Here is an overview of different VIP levels:

• VIP v1 – basic
• VIP v2 – 680CWT/month
• VIP v3 – 2 680CWT/month
• VIP v4 – 12 800CWT/month
• VIP v5 – 38 600CWT/month
• VIP v6 – 86 600CWT/month

Poor Education Quality

The education at CoinW is quite basic. Clients receive a trading app tutorial on their first login to the trading floor. Other education materials include different articles that cover only the basics.

The education materials are there just to give their clients some idea of legitimacy. Unfortunately, you won’t learn any more than you would with a relevant wikipedia article.

Problematic Withdrawals

The withdrawal policy is not discussed on coinw.com. In theory, any client may withdraw at any time, and the withdrawals are processed in an automated and instantaneous fashion. However, the exchange does not outline the costs of withdrawals, only that a single free withdrawal daily is available.

For help with your CoinW withdrawal issues, contact our recovery experts.

Customer Support Avoids Important Topics

CoinW customer support is available 24/7 via the live chat. We were able to chat with a company representative, but this person actively avoided answering many of our questions. When it came to technical support with the web software, we were told to install a mobile app instead.

All the while the agent addressed us as “dear”, which was quite unnerving. It’s very possible that the same Boiler Room Agents work in the Customer Service department as well.

The CoinW Scam In Short

CoinW is an unlicensed cryptocurrency exchange. They are frauds who try to ride out the current cryptocurrency craze. Their website might look the part, but this company is an active romance scam with a reputation of defrauding people.

Romance frauds are exceptionally harmful since they play with their victims’ emotions. Let us hear your story and offer a helping hand. The funds you have trapped with CoinW are not lost! Contact us via the live chat and book a free consultation at any time. Our recovery experts will guide you through the chargeback process.

FAQ Section

What Is CoinW?

CoinW is a dangerous unlicensed firm pretending to be a cryptocurrency exchange.

Is CoinW A Scam or a Legit Exchange?

No, CoinW does not have any license, and does not submit to regulation from any authority! If you have deposited assets to the CoinW scam, contact our legal professionals for help with chargeback.

Is There A Cap On How Much Money Can Be Made From CoinW?

While cryptocurrency markets provide a lucrative opportunity for limitless profits, CoinW is an illicit company that does not provide actual cryptocurrency related services.

Where Is CoinW Located?

It is unclear where CoinW’s location might be. They allege The US, Canada, Poland, Lithuania, St. Vincent and the Grenadines, and we have found clues that the company might actually be from Singapore.

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

EENmarket is another offshore broker owned by the notorious Bodacious Consulting LLC, already well-known among regulators. Since the firm is unlicensed, we’ve checked how their brand EENmarket operates and what are the main issues clients are experiencing. Read our review and find out.

What About EENmarket Regulation?

EENmarket is owned by Bodacious Consulting LLC and is based in Saint Vincent and the Grenadines. Since this offshore island has no financial regulator, we’ve looked into the company’s regulations with the FCA, ASIC, BaFin, and several other Tier1 license providers. As suspected, the EENmarket never obtained a license and provided financial services illegally.

EENmarket Is Not The Only Scam Broker In The Company

The company owner already made it to the blacklist of the Spanish CNMV and the Italian CONSOB, thanks to the other brand they own – UnionsMarket. It looks like this brand scammed many, earning its place as a fraudulent investment service provider.

In addition, we recommend you to read our most current updates on the scam brokers GetPrimeCrypto, GreenlinePro, and BlueRoyalInv. Be cautious while dealing with these brokers.

Traders Reviews About EENmarket

EENmarket investors are not quite thrilled with what they get. While at the beginning everything seems perfect, the issue starts when they ask for a withdrawal. Basically, this firm will go above and beyond to prevent you from getting your money back, up to a point they’ll install AnyDesk or TeamViewer on your device, wipe off your bank account, and disappear.

What Platforms Does EENmarket Offer? – Available Trade Software

EENmarket offers a proprietary WebTrader, allegedly making it easy to access the software without any installation. Furthermore, the company claims to provide live prices, news, historical data, and dozens of technical indicators. While there are certainly some indicators, this WebTrader cannot be compared to MT4 or MT5.

Trading Using a Web Trader

Trading on WebTrader is far less secure than using MetaTrader. When all of your information is processed via the web, there’s always an option of data breach and lags. Furthermore, as it’s a proprietary platform built and owned by the broker, the trading company has access to your trades and funds and can easily manipulate them.

All About EENmarket Accounts

There are 3 EENmarket account types:

1. Individual – 250 EUR
2. Premium – 2,500 EUR
3. Business – 25,000 EUR

Accounts differ in bonuses, spread, leverage, etc.

Does The Broker Have A Demo Account?

The broker doesn’t offer a Demo account, meaning you will have to deposit the money first and then check out the offer.

Countries Where EENmarket Operate

Based on our review, the firm mainly operates in:

• Germany
• Slovenia
• Serbia
• UK
• Czech Republic

EENmarket Range of Trading Instruments & Markets

EENmarket offers trading in currency pairs, commodities, indices, and shares. While crypto is the most popular asset at the moment, it looks like the the broker is not trying to follow the trends and stay competitive. And it’s just a reason more to avoid this fraudulent offshore firm.

About EENmarket Trading Conditions – Spread and Leverage

The company offers a raw spread, starting with 0 pips on the Individual account and leverage from 1:100 to 1:300. If you know that leverage regulators approve is up to 1:50 for the Forex market, you can already understand why EENmarket is considered a risk. Besides, legitimate firms profit from spreads and fees, so if this company charges none, it makes it clear that the goal is not to charge fees and increase the trading volume but to steal every penny you invest.

EENmarket’s Fraudulent Bonus Policy

While the firm approves bonuses, it also has very specific requirements to repay the funds. For instance, if you accept any money, you cannot withdraw your profit before having a rollover of the deposit plus the bonus amount 25 times. This means you will need to deposit more and enter the never-ending cycle of repaying bonuses.

However, keep away from scammers such as GMGroup and Tradiso. If possible, tell us about your scam experience.

EENmarket Deposit, Withdrawal Methods, and Fees

Clients can deposit and withdraw funds using:

• Debit/credit cards
• Wire transfer

Allegedly, it takes up to 5 days for the funds to appear after you submit a withdrawal request. However, the broker never specified any fees and commissions you would have to pay, leaving it to its employees to discretionary decide and take from you any money they want.

Scammed by EENmarket Broker? – Let Us Hear Your Story

If you were scammed by EENmarket, let us know. Our chargeback specialists are here to hear you and help you file a dispute.

But What Is A Chargeback?

This is a way for your bank to recover the funds directly from the merchant. Contact us via online chat to book a free consultation, and let’s get your money back before the broker vanishes.

What Is EENmarket?

EENmarket is an online Forex and CFD provider without financial regulation.

Is EENmarket a Scam Broker?

EENmarket is based offshore, and its owner has been blacklisted all around Europe for scam activities.

Is EENmarket Available in the United States or the UK?

Yes, the firm provides its services in both the UK and the US.

Does EENmarket Offer a Demo Account?

No, EENmarket doesn’t offer a Demo; only 3 Live account types.

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