We’re dealing with yet another shady entity of Donnybrook Consulting Ltd, after we’ve already seen several, including OFXB and OptiMarket. Our main goal was to determine whether this brand is yet another scam entity or if the owner actually tried to have one legit and regulated firm. 

Read our EuroFX review and find out more.

EuroFX Regulations and Security

Since we already know Donnybrook Consulting Ltd, we know it has no regulations whatsoever. Despite false claims that EuroFX has been regulated by the UK FCA and FSC of Mauritius, none of these allegations is true. Moreover, the UK FCA issued an official warning announcing that EuroFX is an unregulated scam you shouldn’t trust. 

Therefore, there’s no security of the funds nor a compensation fund we can talk about. All you can do is file a dispute and request a chargeback if you ever have any issues with this fraudulent company.

EuroFX Warnings From Financial Regulators

As mentioned, the FCA published an official warning back in 2017, stating that EuroFX operates illegally.

Since the broker changed its domain, other regulators have noticed it and joined the warning.

We have an official statement from the Italian CONSOB about the EuroFX scam. Another warning came from Spanish CNMV. And for the end, Belgium FSMA followed all of the above and issued a warning itself.

Fund Withdrawal Issues With EuroFX

With everything being said, learning that EuroFX causes issues with withdrawals was not news. It was something expected, and unfortunately, it happens a lot. According to EuroFX reviews, clients that decided to invest with this fraudulent firm got all the assistance up to the point they submitted a withdrawal request. Once they did, broker’s account managers stopped responding, customer support was unavailable, and most of them could not even access their accounts anymore.

If you recognize yourself in this story, let us know immediately. In addition to this, you should avoid scam brokers such as SeaLTD, Future 500 FX and OBRinvest.

Traders About EuroFX Scam

The first thing we noticed is that all the traders have had a similar experience. They started small, made a significant profit, were lured into investing more funds, and once they did, they never heard from EuroFX again. It seems like a rather convenient pattern where you will see some fake numbers on the platform, be convinced you hit the jackpot with such a good account manager just to realize you’ve been scammed all along.

Don’t fall for the EuroFX scam!

How To Know If You Have Been Scammed Online?

If you cannot withdraw your funds or log in to your trading account, it’s evident that something is wrong. However, if you notice some subtle signs, such as making significant profit overnight, ask yourself whether it’s maybe too good to be true. Knowing EuroFX’s reputation, we wouldn’t be shocked if you’re being lured into investing more funds based on false profit.

Some brokers have become technologically advanced enough to change market prices on the platform, so if you notice that real-time prices and what you see on your trading account don’t match, report it instantly.

Scammed by EuroFX? – Tell Us Your Story Today

If you were scammed by EuroFX or a similar bogus broker, let us know. We’re here to advise you on the chargeback process and help you file a successful dispute.

But What Is A Chargeback?

A chargeback is a way for the bank to reverse fraudulent transactions provided that you have enough evidence. Contact us via online chat, tell us your story and book a free consultation with our specialists. Let’s get your money back now!

What Is EuroFX?

EuroFX is an online trading brokerage without regulations.

Is EuroFX A Scam Broker?

Yes, broker has been blacklisted in the UK, Italy, Spain, and Belgium.

Is EuroFX Regulated?

Despite false claims, this brokerage company is not regulated and operates illegally.

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

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

Report a Fraud Case & Claim a Refund from Scammers

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

File a Complaint

EuroFxFinance has been blacklisted by the Italian regulator and shortly after shut down its website. All those involved with the broker were left with no money and had nowhere to complain as the company was operating illegally. Read our Euro FX Finance review and find out everything about this fraudulent online trading firm.

EuroFxFinance Regulations and Security

EuroFxFinance is allegedly a brand of EurofxFinance Limited, based in Dubai. However, to operate from this country, any company would need to opt for a DFSA license. This regulatory body is considered one of the firmest financial authorities in the world. Despite false claims to be fully licensed, Euro FX Finance never got a license in Dubai, while the company is nowhere registered.

It means you can equally easily deal with an offshore firm or someone who opened a website without establishing any entity anywhere. Beware of the EuroFxFinance trading scam.

In addition, we strongly advise you not to invest in OPTrust, Tredero and EuroFX fraudulent brokers.

EuroFxFinance Warnings From Financial Regulators

Since we’ve determined that EuroFxFinance operates without any regulations, no wonder it was blacklisted by the regulators. One who noticed the company’s illicit activities is the Italian regulator, CONSOB. According to their warning, Euro FX Finance operates without a license and scams clients in the EU.

Fund Withdrawal Issues With EuroFxFinance

Unregulated companies are usually established with one goal – to extort as much money as possible and disappear. From what we saw, EuroFxFinance followed this exact pattern. Account managers took funds from thousands of clients, but the broker shut down its website and disappeared once payout came in turn. All those involved are now left to find their refund solution as no regulator will take responsibility for a fraudulent unlicensed trading firm.

If you were involved with the EuroFxFinance broker and had any issues, file a complaint immediately!

Also remember the names of the AvaChoice, GrandTrade and Profit Markets CFD trading scams and avoid them at all costs! Moreover, always check the background of online trading companies before investing!

Victims Of EuroFxFinance Scam

According to EuroFxFinance reviews, most victims are coming from Italy, Spain, Albania, and Germany. However, we shouldn’t forget that besides the USA, this fraudulent company had no restrictions. It means that clients from countries such as Australia, South Africa, and Singapore were also defrauded and facing issues with withdrawals.

Traders On EuroFxFinance Scam

Currently, going offline is the biggest problem for all EuroFxFinance scam victims. Since the website is down, nobody can log in to their trading account and access the funds. Support from the brokerage will not reply, account managers are unavailable and every possible contact is cut.

Therefore, traders’ complaints are mainly focused on withdrawals and amounts of money they have lost due to fraud.

How Does Online Trading Scam Work?

Many companies, including EuroFxFinance, don’t care about their investors or any terms and conditions. All they want is money. Once you apply for a trading ad, everything will be simple and easy. You’ll get help making an initial deposit, account managers will sound lovely and promising. Everything will go smoothly; you may even make some profit for a start.

However, asking for withdrawal is a game-changer as the company will never process your request. This is where you will be ignored and access to your trading account will be suspended. 

Scammed by EuroFxFinance? – Tell Us Your Story

If you were scammed by EuroFxFinance, don’t get desperate just yet. There is a possible solution – a chargeback.

But What Is A Chargeback?

This is a way for your bank to reverse the fraudulent transaction if you can prove that you have been scammed. Contact us via online chat, book free consultation with our experts, and let’s get your money back!

What Is EuroFxFinance?

It is an online CFD and Forex trading brokerage without a license.

Is EuroFxFinance A Scam Broker?

Yes, EuroFxFinance has been blacklisted in Italy for fraudulent activities.

Is EuroFxFinance Regulated?

Company is unregulated and provides financial services illegally.

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

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

Report a Fraud Case & Claim a Refund from Scammers

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

File a Complaint

5Markets is another offshore broker without proper regulation. The company is registered with the FSA in Saint Vincent and the Grenadines through an external brokerage. It means it’s just a shell firm covering for an illicit business. Read our 5Markets review and find out all the reasons not to trust this brokerage.

5Markets a Secure And Regulated Platform?

5Markets is owned by Uncanny Services LLC, registered in Saint Vincent and the Grenadines. After we had reviewed numerous brokers from this country, we concluded one thing. A third party establishes all these firms, and the owners probably never set foot on the island. Thus, the registration is shady, and so are the companies. If something happens, you won’t be able to get your funds back from an alleged investment company with an alleged headquarters.

How Unsafe Is An Unlicensed Broker?

Upon reviewing CONSOB, FSMA, FCA, ASIC, and other Tier1 registers, we concluded that 5Markets is not regulated. This means that you have nowhere to file a complaint and there’s no compensation fund. For instance, Tier1 regulated firms must have over 700,000 EUR at any time to reimburse potential victims. With 5Markets and similar bogus firms, you have no guarantees.

Also, we want to invite you to read our recently updated reviews of fraudulent brokers CryptoGo365, GF Markets and 4xhub. Be careful with these brokers.

5Markets Warnings From Financial Regulators

5Markets and its owner, Uncanny Services LLC, were blacklisted by the Spanish CNMV. This authority body stated that 5Markets provides unregulated services, including Forex trading and financial advising.

The same warning was later republished by the Belgian FSMA.

Though, Is 5Markets a Legit Broker or a Scam?

5Markets is a fraudulent online trading brokerage. The firm is registered in Saint Vincent and the Grenadines and has no regulation. The broker was blacklisted in Spain.

Traders’ Experience With 5Markets

Traders are not entirely happy with their 5Markets experience. Thus, it resulted in many complaints and regulatory warnings. According to reviews, 5Markets doesn’t let customers withdraw their funds. Instead, the firm is simply blocking customers’ accounts and stopping responding. 

If you notice that you cannot withdraw your funds for over 3 business days and cannot log in to your account for more than a few hours, it’s time to get help.

What Platforms Does 5Markets Offer? – Available Trade Software

5Markets offers a typical WebTrader. 

WebTrader Platform – Platform Features

It’s a TradingView chart with several indicators. While regulated brokers provide MT4 or MT5 and ensure that their traders have top-notch trading tools, offshore brokers like 5Markets don’t bother too much. Their goal is to have as many clients as possible, not to keep them long. Therefore, we have basic trading software with little to no functionalities.

All About 5Markets Accounts – Demo Account

5Markets offers 3 Live account types and no Demo account. If you want to start trading, you can choose one of the following:

• Student – 250 EUR
• Pro – 1,000 EUR
• Pro+ – 2,499 EUR

Accounts differ in spreads, leverage, welcome bonuses, and more.

5Markets Broker – Countries Of Service

The broker can be found in:

• Italy
• Spain
• Greece
• UK
• Turkey

5Markets Range of Trading Instruments & Markets

Surprisingly, the broker doesn’t offer crypto trading. Clients can access:

• Currency pairs – EUR/USD, GBP/USD, USD/JPY
• Commodities – gold, oil, silver
• Indices – Dow Jones, S&P500, NASDAQ
• Shares – Amazon, Apple, Google

In the meantime, avoid scammers like FinanBelt, Empire FXM and Citadelex. If possible, tell us about your scam experience.

5Markets Trading Conditions

Unregulated brokers determine their own conditions, making them appealing to traders so that they will join.

About Leverage And Spreads

Spreads start with 0.1 pips, which is fantastic. However, it means that the broker makes low commissions. This indicates that their utmost goal is not to earn commission but your entire deposit. The leverage is unregulated and goes up to 1:500, against all the rules.

5Markets Deposit, Withdrawal Methods, And Fees

With unregulated brokers, there’s an issue with payment methods as well.

What Payment Methods Does The Broker Accept?

This company accepts only cryptocurrencies. It’s the least safe method. Crypto is hard to trace, and recovering your funds is quite uncertain. Instead, invest with legitimate brokers allowing you to use credit cards, PayPal, or any other safe method.

Why Do Scammers Prefer Cryptocurrencies?

Once you transfer funds from one wallet to another, the transaction itself is encrypted. Thus, tracking the money and finding it is a challenge. Scammers count on people’s ignorance and hope that they will not be able to get the money back.

Minimum Investment Amount

The minimum investment with 5Markets is 250 EUR. While this is the industry standard, giving funds to unregulated brokers is risky. As you can see from the regulatory warnings, the broker is not safe. Furthermore, the firm doesn’t approve any withdrawal requests. Any money you invest could easily be stolen.

Customer Support – Communication Channels

The firm contacts customers using the following channels:

• Phone calls
• Messages
• Emails
• WhatsApp and Telegram
• Social media

If you see the name 5Markets and you’re prompted to invest, just ignore the firm for your own safety.

5Markets Bonuses – As A Method Of Fraud

The company gives a 5.2-12.4% welcome bonus and the same amount for referring a friend. However, the clause about bonuses in the Terms and Conditions is quite blurry, stating that the company can cancel incentives anytime. There are no specifications on the necessary rollover before you can get your money back. And that’s not something you want.

Scammed by 5Markets Broker? – Let Us Hear Your Story

If you were scammed by 5Markets or a similar bogus broker, let us know. Our chargeback specialists will be here to hear you out and assist you with the refund.

But What Is A Chargeback?

This is a way for your bank to recover funds stolen from your credit card. Contact us via online chat to explain what happened and we will find a way to recover the money together. You’re not alone.

What Is 5Markets?

The firm is an online trading brokerage without regulation.

Is 5Markets a Scam Broker?

5Markets is a scheme firm blacklisted in Spain and Belgium.

Is 5Markets Available in the United States or the UK?

The broker is available in both countries but without a license.

Does 5Markets Offer a Demo Account?

No, 5Markets doesn’t offer a Demo account for its traders.

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

TrustGarden is an anonymous investment firm that didn’t care enough to provide its investors with the necessary information. Instead, the brokerage employs experienced account managers to sell stories about legitimacy and stellar success. Read our TrustGarden review and find it all out.

What About TrustGarden Regulation?

With the slogan “Learn to trade from the best,” we would think that you would get assistance from Warren Buffet himself. However, the sad truth is that TrustGarden is another scheme firm allegedly based in the Marshall Islands with a UK support number. Its employees are surely not what anyone would consider the best. 

The Terms and Conditions vaguely suggest that the governing law is the law of Estonia. Knowing the reputation of this Eastern European country when it comes to financial institutions, we’re absolutely ready to believe that TrustGarden is a scam.

To add to the foregoing, we strongly advise you to ignore brokers such as MarketsOcta, AllCryptoMarkets, and Battle Trade.

Why Is It Important For A Broker To Be Licensed?

A broker must have a valid financial license to prove it belongs under regulatory supervision. Furthermore, Tier1 supervised Forex firms have compensation funds to reimburse potential victims and are risking being penalized by the authorities.

You can’t expect much if a firm is unlicensed, as’s the TrustGarden broker. It can vanish at any moment with all of your funds.

Is TrustGarden a Legitimate Broker Or A Fraud?

TrustGarden is not a legitimate Forex and CFD trading provider. There are no information about the firm itself, besides the fact that it belongs under the Estonian governing law.

Traders’ Reviews of TrustGarden

TrustGarden’s Trustpilot account was flagged for misuse, and there seem to be a lot of fake reviews. After deleting them, the broker’s score fell to 2.1 stars, with a rating poor. Here’s an example.

“Trustgarten is a fraud account, they show you profits and constantly demand additional payments, in particular agent dr Marco Nicolo is a shabby liar.

 However, no payment will be made.”

– Trustpilot Customer

What Platforms Does TrustGarden Offer? – Trading Software

TrustGarde offers Sirix, the best web-based platform you can find. However, it means nothing when provided by an illicit trading firm. Despite the platform’s quality, your funds are at risk.

The broker can easily manipulate your trades and show you fake profits to convince you to invest more. Besides, the trading conditions don’t have to comply with any regulatory standards, making investment risky.

If you want to start trading, our best advice would be to find a legitimate firm with MT4 or MT5.

All About TrustGarden Accounts – Swap-Free and Demo Account

TrustGarden has several account types. Swap-free or Islamic accounts enable investors to place trades without overnight costs prohibited by Shariah law.

The Demo account is available and ready for platform testing. Yet, note that your real issues will start once you deposit real funds and need to get a withdrawal.

When it comes to Live accounts, there are 5 of them.

1. Green – 5,000 EUR
2. Premium – 25,000 EUR
3. Platinum – 50,000 EUR
4. Executive – 100,000 EUR
5. Presidential – 250,000 EUR

Please remember the names of the BigBitMarket, VideForex, and Gravity Trade, and stay away from them! Before investing, always check the history of online trading organizations!

TrustGarden Broker – Countries Of Service

Our research has shown that TrustGarden broker is mainly active in:

• Italy
• UK
• Germany
• Spain
• South Africa

Range of Trading Instruments and Markets

TrustGarden customers can trade in four markets:

• Forex – EUR/USD, USD/JPY
• Commodities – oil, gas, gold
• Indices – NASDAQ, FTSE100
• Shares – Amazon, Google, Apple

Bonuses – As A Method Of Fraud

TrustGarden approves deposit bonuses, but its employees won’t inform you about the clause coming along. Apparently, if you accept any “non-deposited funds,” you cannot place a withdrawal since these funds are not eligible to be withdrawn, and proving that your profit was made from your own funds and not bonuses is nearly impossible. 

Contact Information And Customer Service

The broker listed a UK phone number for all the information. However, we tried dialing it and it seems that it’s out of service. Of course, we’re absolutely sure that you will hear how busy the line was and the company’s employees are constantly helping someone.

The truth is, most firms use different VoIP servers just for outbound calls, while you can never reach them. That would explain how TrustGarden has a headquarters in the Marshall Islands and a support team in the UK without a registered office there.

TrustGarden Minimum Deposit

This firm requires a standard minimum deposit of 250 EUR/GBP, according to the FAQ section. However, since the Green account is listed at 5,000 EUR, you won’t get any perks with 250 EUR.

Instead, you’ll be pressured and prompted to upgrade and even left on your own until you pay the money. Scam brokers have not scrupulous, so don’t expect any sympathy.

TrustGarden Trading Conditions

As mentioned, offshore and unregulated brokers create their own trading conditions. Since they don’t depend on regulators and believe that they won’t be penalized, they decide on their own spread, leverage, and other trading costs. And most times, these are unfavorable for the customer, despite their appealing looks.

High Leverage And Spreads

TrustGarden spread varies from 0.5 pips to 3 pips, depending on the account type. This gap is too big, and it’s unfair that those with significant capital have to pay less. On the other hand, the leverage is fixed at 1:200, while EU and UK regulators have strict limits of 1:30.

TrustGarden Deposit, Withdrawal Methods, and Fees

The broker accepts a vast number of payment methods, including:

• Wire transfer
• Debit/credit cards
• Neteller
• Skrill

While this is all nice, investing money with unregulated brokers cannot benefit you in any way. Fees are not disclosed, meaning you’ll have to find it out upon paying the money.

Scammed by TrustGarden Broker? – Let Us Hear Your Story

To sum up, if you were scammed by TrustGarden or a similar bogus broker, let us know. Our chargeback specialists will be happy to assist you with the refund process.

But What Is A Chargeback?

A chargeback is a way for your bank to recover the funds from the merchant if you have used your debit/credit card. Contact us via online chat to book a free consultation, and let’s find a way to reimburse you before TrustGarden vanishes like many others.

What Is TrustGarden?

TrustGarden is a fraudulent online trading brokerage without a license. We do not recommend you to trade with this scam broker.

Is TrustGarden a Scam Broker?

TrustGarden is a scam broker based offshore, without a valid regulation.

Is TrustGarden Available in the US or UK?

The firm is available in both countries without appropriate regulations.

Does TrustGarden Offer a Demo Account?

Yes, TrustGarden offers a Demo account to test their system.

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

At first glance, many brokers look quite legitimate. LBLV especially since its first registration in 2006. The company owner is LBLV Ltd from St. Vincent and Grenadines. As an offshore country known as a nest for scammers, one red flag is already waving.

To find out what this offshore trading company offers, read through this LBLV review.

Is LBLV a Regulated and Licensed Broker?

LBLV broker is far from regulations. The simple reason for that is the many discrepancies you can find on their website. But the primary one is the lack of licensing at all. Since SVG country doesn’t offer licenses for FX and CFD trading business, they must opt for somewhere else. Logically in the countries where they operate.

Unregulated offshore broker. LBLV company earned a warning from the FCA. Untrusted trading software. Insanely high minimum deposit requirement. No cryptos are available.

However, if you look at the database of FCA, BaFin or ASIC you can’t find any results about LBLV broker. Except for a warning. Thus, these regulators are Tier 1 ranked. Any company with such regulation has very strict policies and high trust standards. For instance, our review of Trade Capital Markets and ICM Capital Limited can show you exactly the difference between licensed and non-licensed brokers.

Warning Issued by Financial Authorities

As shown above, this broker already earned a warning from the most trusted regulator. The firm is not authorized to provide services in the UK, therefore FCA warned its traders.

Because they are one of the first on the radar. Instead of getting on their plate, you can be patient and find a regulated broker. But be sure that they will suit all your needs. Making tons of profits is not the same as withdrawing tons of profits. That’s not available with this offshore investment scam.

The Opinions of Traders On About LBLV

Another major red flag comes from numerous user-experience reviews. More than 45% of traders had similar issues. Out of 181 in total number, that’s huge.

Most of the comments are pointing out the same thing. That you won’t get your withdrawal at all. So, to avoid that you should rethink your decision of investing hard-earned money here.

LBLV Platforms – A Software Comparison

LBLV trading company proudly promotes web-based software. Besides they claim to have a proprietary web app available for all devices. Thus, while trying to download mobile apps from AppStore or PlayStore you are redirected to login.

Which leads to conclusion that you can’t see what platform they have unless you complete registration. But then it’s too late and you can expect a call from their agents. Even though they advertise automated trading, EAs, hedging and netting but also copy trading, everything is questionable. This broker is not regulated, therefore nobody monitors their activities.

         What Financial Instruments Does The Platform Include?

Instruments available on this platform are:

• Currency pairs (Forex)           USD/EUR, EUR/SEK, EUR/HUF
• Commodities                        gold, platinum, crude oil
• Indices                                  DAX 30, Dow Jones, Nikkei 225
• Shares                                  Amazon, Pfizer, Tesla

Important to realize is that this broker is missing one very popular group. Those are cryptocurrencies. With raising demand they became attractive for many traders. Especially with high volatility that can bring a lot of profits. However, this broker doesn’t offer it.

LBLV Countries Of Service

As we can see in LBLV reviews, this broker is mainly scamming traders from:

• Brazil
• United Kingdom
• Saudi Arabia

But don’t expect that any other country is not welcome. Without proper licensing, these brokers don’t hesitate to reach out everywhere. Between Australia and Canada, everything is possible.

Account Options Offered by LBLV

LBLV trading company has insanely high minimum deposit requirements. Traders are wondering on what basis. Thus, their offer consists of:

• Rookie          $5.000
• Basic            $25.000
• Premier         $50.000
• Elite          $100.000
• Elite Plus      $250.000
• VIP               $1M

What’s more concerning is that you don’t see any trading benefits if you deposit more money. All accounts have almost the same options and the same floating spread. However, VIP members can get private EU Bank account. But knowing that this is a scam broker, it should be taken with reserve.

         Can a Trader Use a Demo Account?

If they are doing anything legitimately, they would offer a demo account. On the contrary, traders don’t have a risk-free option here.

For instance, some regulated brokers offer at least a micro account starting at $10. But here you must risk $5.000 for testing out. Once you send the money, you may as well forget about it.

Terms of Service for LBLV

What’s bothering us the most is their shady withdrawal policy. For any withdrawal request upon approval, you must wait up to 9 days to get your money. That’s more than enough time for them to make up the reason why it didn’t go through. From non-existent fees, bonus policies, AML laws and many more.

As for funding methods, traders can choose:

• Debit/Credit cards
• Bank/Wire transfers
• e-Payments
• Crypto payments

The best option is not to deposit any money. But if you do, make sure you do it with the card. That way you can get a chargeback if something goes wrong.

         Leverage, Spreads and Fees

This company has granted leverage of 1:400, depending on the asset traded. However, that violates all EU regulations. Primarily ones from the FCA where they should have a license.

After all, their average spread on major pairs starts from 0.3 pips. The industry average covers around 1.5 pips. But have in mind that advertised spread rarely meets the reality. Additionally, their commissions and fees are non-transparent. Therefore, you never know when they will make up something to be paid. Exactly what offshore scam brokers do.

 What Should I Do If I Have LBLV Problem?

Since they lack regulations, you must opt for a solution elsewhere. Luckily, our fund recovery team is equipped with the knowledge and patience to assist you with the problem. You are not the first or last who got scammed by these swindlers.

So, to start your fund recovery process you can book a meeting already today. Our first consultation is completely free. Contact us now!

What Is LBLV?

LBLV is an offshore broker operating from St. Vincent and Grenadines since 2006.

Is LBLV a Regulated Broker?

No. The broker doesn’t have any Tier 1 regulations. But they got a warning.

Is LBLV Available in the United States or the UK?

US traders are safe, but UK ones are the primary targets of this broker.

Does LBLV Offer a Demo Account?

No. The only way to get access to the platform is by depositing $5.000.

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

London Bit is allegedly based in the UK, but the company has no physical address to show. Phone numbers, emails and a contact form won’t get you in touch with the London Bit employees. This company is a known scam entity, and as you will see later in our London Bit Review, it’s on the blacklist of the UK’s FCA.

Although at first glance the LondonBit.co.uk website looks the part of a reputable investment company, it doesn’t contain any of the crucial information when it comes to trading. This scam tries really hard to appear legit, going so far to create a myriad of legal documents, many of which contradict each other.

Does London Bit Have Regulation?

Finding information about the LondonBit fraud was not a very difficult task. This group of swindlers has chosen one of the most heavily regulated and monitored regions to be the base of their scamming operation. The region in question is the UK, and their financial regulator, the FCA, is considered one of the toughest out there.

It didn’t take long to find out that the London Bit Scam has already caught the attention of the FCA. One quick search of the FCA company register quickly yielded all relevant results about LondonBit. This includes the company website domain, contact phone numbers and emails.

You can see the FCA Scam Warning about LondonBit in more detail by following the link below:

• https://register.fca.org.uk/s/unauthorised-firm?id=0014G00003AmJlTQAV

Now that we’ve seen the FCA in action, we should review which risk mitigation strategies this financial regulator imposes on the brokers who wish to trade in the UK. One of the main requirements is the starting capital of at least £730 000, and a compensation scheme of £85 000. Maximum leverage allowed by the FCA is 1:30 for Forex and Securities, while 1:3 is the allowed maximum for Cryptocurrencies.

Other safety measures include Segregated Bank Accounts, and Negative Balance Protection. Furthermore, bonuses are not allowed in the UK, and every company must provide full transaction transparency to the authorities.

As we can clearly see, London Bit blatantly ignores the regulatory standards set by the jurisdictions they operate in. Although they claim to feature Segregated Bank Accounts, LondonBit’s Terms and Conditions clearly state that “any funds held in our segregated client funds account will be pooled with, and not kept separate from, funds belonging to other clients”.

Additionally, examining these same Terms and Conditions thoroughly reveals that a client may become indebted to the company! London Bit makes multiple mentions that the client is responsible to provide additional funds to clear different transaction fees, losses, and so forth in due time. This contradicts the Negative Balance Protection, and is against the law in the UK, EU, and many other jurisdictions.

Besides the FCA, we have checked the registry databases of other regulators around the globe. After inquiring the registries of CySEC, BaFIN, MNB, KNF, New SRO, ASIC, NFA, CBR, and HKMA, the search yielded no results. This, combined by the clear Scam Warning issued by the FCA, is rock-solid proof that London Bit is a Scam company!

Client’s Opinions on LondonBit

It isn’t difficult to find the trader’s comments about London Bit. They are numerous and widespread over all of the most popular personal review platforms. The number of these reviews is disproportionate to the age of LondonBit, which started operating some time in early 2023.

The reason for this is not what you’d think. Many of the comments were posted by so-called Review Seller Networks, which explains the overall average score LondonBit enjoys online. We will delve more into this topic in the next part of our LondonBit Review.

If you filter out the fake comments posted by Review Seller Networks, you will get a very different picture about London Bit, take a look:

“ Went to invest a small amount first, then they tried to make me get a loan from the bank to invest a lot more and when I didn’t agree they tried to threaten me, and now I can’t even take my initial investment out and can’t get in contact with them. This company is a massive scam!! And anyone who invest with them will lose they money. […] “

“ SCAM!!! DO NOT INVEST ANY MONEY!!! YOU WILL LOSE EVERYTHING! THE POSITIVE REVIEWS HERE ARE NOT REAL! […] “

“ It appears to be very legitimate however it’s not when you look for their online presence. There’s none other than paid for articles on websites which if you read to the bottom of these says it has been paid for. […] “

If you have already deposited money with the London Bit scam, consider seeking legal help in recovering your assets. Book a free consultation with our team of experts and start a chargeback process today.

How Unaware People are Conned by London Bit

The well-made website and alleged quality of service does not explain the large increase of the number of London Bit victims over such a short timescale. As we’ve seen, this fraudulent company uses Review Seller Networks to boost their online reputation.

These networks are just what their name suggests – paid agents who flood the internet with overly positive reviews, skewing the public’s opinion, and making the company that hired them seem more reliable.

The victims of the London Bit scam are most numerous in these nations:

• United Kingdom
• Poland
• Hungary
• Brazil

No scam is complete if it is using just one strategy to defraud people. London Bit is no different, and they also utilize what they call “Account Managers”. This is just a fancy name for Boiler Room Agents, a group of highly talented individuals who excel in persuasion tactics.

These people will stop at nothing to part you from your hard earned cash. For them, there is no level too low to stoop down to if they think they can squeeze out more money from you.

If you have been contacted by someone who claims to be a London Bit employee, or if you have transferred money to this faux broker, we’d like to hear your story. Let us help you, as we have helped so many others, in charging back your lost funds.

How This Scam Broker Hides Their Intentions

There are a few things you should consider any time you are starting out with a new broker. The first is, of course, the relevant legal information and licensing. The availability and security of financial channels comes right after that, for you should always strive to make your financial transactions traceable, in the case of a legal dispute. 

Choice of Trading Software is quite important as well since it’s difficult to earn money while using a program that doesn’t suit your needs. The selection of Trading Accounts dictates which trading strategy you may use, and it’s another important factor of online trade.

London Bit doesn’t disclose any of this information publicly. They purposely hide all this information, because they don’t want you to know what you’re dealing with before you’ve already given them your money. Even after you’ve created an account and accessed their Trading Application, the information about charges like commission, spread and fees is nowhere to be found.

Regulated and trusted brokerages always display all of this essential data prominently on their website, as transparency is the key of successful business.

London Bit Trading Software

As we’ve mentioned before, you won’t find any relative information about London Bit Trading Software other than the fact that it exists, and an advertisement about it being “Award Winning”.

We’ve in fact accessed this trading application and what do you know – it’s a Web Trader, just like with the EliomFX Scam! Scammers use the Web Trader because of its inherent lack of security. This application allows them to tailor the trading information, and make their clients lose vast amounts of money to bad trading outcomes.

How Are Deposits And Withdrawals Handled At London Bit?

The London Bit website features a large number of logos of different E-Wallet and Bank Card companies, but all this is just false advertising. Only when you complete the London Bit Login, will you find out the real truth. It’s similar to how the TradeQuo scam works, but on a whole new level.

London Bit only accepts Cryptocurrency Transfers, and the Base Currencies that this broker allows are Bitcoin and USDTether. As you might already know, Crypto Transfers are quite difficult to track without using special software such as CyberTrace. This helps the scammers hide from authorities and avoid paying taxes on their ill-gotten profits.

A Lot Of Talk About Compliance But No License

London Bit tries to appear as a good, well-established company with a professional leadership team. Their legal documentation does seem like it was written by somebody who is well versed in legal parlance, but as we’ve mentioned before, Terms and Conditions contain clauses that contradict the current regulatory framework.

You’d be surprised how hefty and seemingly comprehensive all the Legal documents are with London Bit. If this seems to you like they’ve covered every nook and cranny, you’re right. Once you’ve clicked on the “I accept Terms” button, you’re trapped like a fly in a spider’s web.

The scammers have you in their hand, and they will cite these pseudo legal documents in their favor whenever you complain. London Bit will even threaten legal action due to some invented violation of terms and whatnot!

They will try anything to cover up the fact that they are the ones who are breaking the law. Among all the documents in the “Legal” section, you won’t find license and regulation information anywhere. As we’ve seen earlier in our London Bit Review, this scam company has none to show. 

Customer Support with London Bit

Unfortunately, reviewing the London Bit customer support has proven to be more difficult than we anticipated. The Customer Support Agents don’t answer the phone, and don’t reply to emails. We have tried using the Contact Form on the website, but to no avail.

There is allegedly a Live Chat option on their Client Portal, but the button that should start a chat does not work. The swindlers can call you at any time, but should you encounter any issues, they are nowhere to be found.

Who Exactly is a London Bit Broker?

London Bit is a bunch of sleazy scammers who operate from the UK, and have already been placed on the FCA’s blacklist of unauthorized companies. They have a website that boasts excellent corporate design, and a logo that looks the part… But that’s about all the good things we have to say about the London Bit.

London Bit scam uses Review Seller Networks in conjunction with Boiler Room Agents to attract new victims to their platform. This, combined with the convoluted and seemingly comprehensive legal documents on their website have proven to be a surefire method of stealing people’s money.

If you have found yourself on the receiving end of the London Bit Scam, don’t delay in seeking financial compensation from the fraudsters. Our team of legal experts has ample experience in resolving problems just like yours. We’d like to hear from you – use the Live Chat option on our website to book a free consultation with our Chargeback professionals. Don’t give up on your investment, contact us today!

FAQ:

What Does London Bit Do?

London Bit is a fraudulent organization that pretends to be an online brokerage. They specialize in lies and deceit. The people behind the London Bit Scam will stop at nothing to get the money from your pockets.

Is the London Bit Safe?

London Bit is known to the UK’s financial regulator, the FCA, to be a scam company that operates without authorisation. It is a dangerous entity that has a history of defrauding people through deceit, and threats.

How Can I Delete an Account in London Bit?

The Terms and Conditions document on the London Bit website contains the necessary account closure procedures. This document is not to be trusted, as it is full of contradictory information. The ugly truth is that London Bit can cancel your account at any time, but you can’t delete an account until the scammers let you.

Can I Get My Money Back From London Bit?

Recovering your lost assets is possible through the help of our team of legal experts. Contact us today via the Live Chat and book a free consultation. With the help of our experienced team, you can start a chargeback process.

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 broker is presenting itself as a UK-based one. Also, they claim to have more than 60K active clients in their database. But for a broker that exists only since 2022, that’s highly unlikely possible.

Many more details and fake statements, you can find in this unbiased AcapitalGroup.co review. Get yourself educated to avoid getting scammed.

Legal Info: Is AcapitalGroup.co Legit Or A Scam?

AcapitalGroup.co broker claims to be FCA licensed. However, the name of the UK-licensed entity is not linked to them anyhow, neither is that entity longer authorized. Therefore, they are misleading you to believe in their regulation.

On top of that, there is a warning issued by France AMF in 2023. If that’s not enough for you, don’t worry. More is yet to come.

Who Are AcapitalGroup.co’s Clients?

According to whois.com, their domain was registered in 2022. For that time, they were mainly scamming a few countries. But if you share your opinion with us about your experience, we can prevent them from expanding. Scammed traders mainly come from: 

• Portugal
• Philippines

Don’t forget that our chargeback team offers you a free first consultation if you have withdrawal problems.

Traders Experience

As can be seen, Sitejabber reviews are not something to brag about. Out of 5 comments available, already 4 contain AcapitalGroup.co complaints. Mostly about withdrawal problems.

Therefore, all the signs are telling you to avoid this broker. But if you already got scammed by them, reach out to our refund team as soon as possible.

Leverage, Commissions, Spreads, Fees and Taxes

One more warning sign is coming from AcapitalGroup.co shady trading conditions, starting with a leverage of up to 1:200, while UK-regulated brokers can offer a maximum of up to 1:30. As for all other costs, these remain unknown with this scam broker.

Bonuses

Another huge red flag comes from the bonus offer of up to 100%. This way, the broker tricks you into depositing more money into their pockets. Yet, to get any profits out you need to meet certain requirements. In their case, requirements are unknown. 

AcapitalGroup.co Trading Features

All the trading features of AcapitalGroup.co scam broker are based on manipulations. That’s why their main software is WebTrader. With back-end access, they can easily control the data and present you with fictive results.

Is AcapitalGroup.co Legit?

Absolutely not. The company is misleading traders about regulations. Also, they are completely untransparent about the trading conditions and features.

Not to mention a warning from a trusted European regulator. Knowing that there are many more shady brokers out there, we invite you also to read our EuroPrime review.

Available Trading Assets

As for the tradeable assets, we can only make an assumption. Since the company doesn’t provide insight into the platform. Anyway, they claim to offer: 

• Forex – USD/EUR, EUR/NOK
• Commodities – natural gas, silver
• Indices – ASX200, DAX30
• Shares – Adidas, Netflix

Account Types

With AcapitalGroup.co scam broker, traders can choose between 6 accounts. Except for leverage, none of the financially beneficial conditions are mentioned. Instead, they just provide you with more fake educational programs and support from their dedicated managers. Those account types are: 

• Start – $250
• Gold – $15.000
• Platinum – $50.000
• Diamond – $100.000
• Elite – $300.000
• Institutional – $500.000

Mobile Trading App

As with many things about this broker, the mobile app is non-existent. Therefore, iOS and Android users will have to go through browsers to access their accounts. But to avoid these troubles, we strongly suggest you choose a licensed broker with MetaTrader or cTrader.

Demo Account

This scam broker doesn’t offer a demo account either. But that’s reasonable since they are hiding all of their scam activities. With a demo account, they would expose their flaws and shady software.

Education

As for the education, the company offers various tools, but also advisory services from their so-called agents. But without a license, the broker can’t have a genuine goal with that education. Another broker you should be careful with and it’s features you can find in our FoxicaTrading review.

AcapitalGroup.co Withdrawal

In the first place, the company is missing a withdrawal policy. Therefore, the processing time, methods and fees remain unknown. After all, they are not licensed and withdrawal problems are inevitable. 

Otherwise, there wouldn’t be already that many negative reviews. Not to mention a warning from the AMF.

Customer Support

The contact options are quite solid. They offer phone line, e-mail and web form with working hours Mon–Sun 9 – 22. But if that support will be helpful it only depends on your intention. Whether you want to deposit or withdraw the funds.

Key Information To Consider About AcapitalGroup.co?

In the first place, the broker is not regulated at all. On top of that, they are falsely claiming to be licensed. Therefore, you shouldn’t be surprised by the AMF warning. With shady trading conditions and no withdrawal policy, you can expect various problems, but primarily, withdrawal ones.

In those cases, our refund team is at your disposal for the consultation. Don’t hesitate to reach out because the first meeting doesn’t cost you anything. At least you can get guidance to get your money back and advice about more reliable brokers.

FAQ Section

What is AcapitalGroup.co?

AcapitalGroup.co is an FX and CFD broker operating allegedly from the UK since 2022.

Is AcapitalGroup.co Scam Or Legit?

AcapitalGroup.co is an absolute scam. They are not regulated and there is a warning from French AMF. If you need withdrawal assistance, you can contact our chargeback team.

How Does AcapitalGroup.co Work?

They present themselves as a licensed broker and mislead traders. Once they join, they will manipulate them with shady trading software. Once they everything from you, they will vanish.

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

Union Markets broker claims to “offer you the resources, platforms, and tools to maximize your trading success.” However, is it possible that the company trying to succeed at the expense of your gullibility? Let’s find out.

What About UnionMarkets Regulation?

UnionMarkets broker is operated by an offshore company named Dip Exelio LLC. The organization is based in St. Vincent and the Grenadines. However, it is important to remember that the SVGFSA has stated that they don’t have the power to regulate organizations, as this is outside the scope of their intended activities. In addition, the broker positions itself as a German company. Despite this, the databases of BaFin, a German regulator with a high level of trader confidence, indicate that they don’t supervise the UnionMarkets brokerage. This is direct evidence that the company doesn’t have legitimate regulation.

UnionMarkets Warnings From Financial Regulators

Obviously, BaFin is always up to date. On 01/12/2022, the regulator published an official warning stating that “Dip Exelio LLC, St. Vincent and the Grenadines, has not been granted authorization under the KWG to conduct banking business or provide financial services.” Moreover, the financial authority made it clear that BaFin does not regulate the broker. This means that this investment company does not have the right to cooperate with investors from Germany. According to current laws, the activities of brokers not approved by reliable financial regulators are prohibited in most countries. Despite this, Dip Exelio LLC provides financial services and conducts banking business.

By the way, the list of warnings about the broker is not limited to the publication of BaFin. On January 27, 2022, the Austrian FMA announced that https://unionmarkets.com doesn’t possess a license that would allow transactions in a supervised country.

In addition to the above, we strongly advise you not to invest in Trading 360, FNPMarkets and Truexoption247 fraudulent brokers.

Withdrawing Issues

It is clear that the broker’s goals are not related to the fulfillment of the conditions of honest cooperation. Lack of regulation is the most important evidence of the company’s fraudulent activity. This is why most clients failed to withdraw money from their accounts opened with UnionMarkets scam broker. 

Who is at Risk?

We analyzed forums, website reviews, and other data from open sources and found that the majority of UnionMarkets complaints were from citizens of:

• The USA;
• Germany; 
• Netherlands; 
• United Kingdom; 
• Romania.

Traders About UnionMarkets Scam

While scrolling through various feedback websites and forums, we found that most UnionMarkets reviews are negative. Investors explain their low assessment of the broker’s services by the inability to withdraw funds. Also, people were outraged by high commissions, and managers’ sudden disappearance after making large deposits. 

The Sophisticated Scam Scheme in Action

With the rapid development of technology, scammers have gained access to modern deception tools. Now anyone can launch a legitimate-looking website and reach thousands of potential traders using powerful promotion methods. However, the Internet can also be useful for investors. The World Wide Web is the largest source of information. Luckily, you can avoid scammers by checking regulation data, client and expert reviews as well as blacklists of financial authorities. 

Also remember the names of the MaxiPlus Trade, Arrowteks trading scams and avoid them at all costs! Moreover, always check the background of online trading companies before investing!

Scammed by UnionMarkets? – Tell Us Your Story

If you have any UnionMarkets issues, you can always contact a reliable funds recovery company. Submit your request via Live Chat and get protection from graduates with extensive experience in winning fraudulent cases. Sign up for your first free assistance, and we will help you get your hard-earned money back! 

But What Is A Chargeback?

Chargeback is a procedure by which you can dispute a payment made with a credit card and return your money. Most scammers avoid getting involved in litigation. This is why they are often willing to compromise and return misappropriated funds. Our team will help you collect key evidence to win your case and perform a chargeback. Remember that in matters related to online fraud, it is extremely important to act quickly.

What Is UnionMarkets?

UnionMarkets is an unregulated anonymous financial organization that should not be trusted.

Is UnionMarkets A Scam Broker?

Yes, the broker has been caught in fraudulent activity, as BaFin and FMA warnings prove.

Is UnionMarkets Regulated?

No, the broker is not regulated by reliable financial authorities. Moreover, we did not find any verified information about the Union Markets license.

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

InvestMarkets presents itself as a Belize-based trading brokerage with an offshore license. However, they also claim to be part of the same group owning CySEC-regulated Forex TB Limited.

You’re probably wondering if the firm is legit. Let’s delve into this unbiased InvestMarkets review and check whether or not you can trust it. Keeping your money safe is our utmost goal.

Is InvestMarkets a Regulated Forex and CFD Brokerage?

InvestMarkets is a trading brand of Arvis Capital Limited, registered in Belize. The company holds IFSC regulations and has entered the authority register. However, this database is relatively poor in terms of information, not telling us anything about the owner, contact details, address, or even the registration date.

Furthermore, the company says to cooperate with a Cyprus-based payment provider, Toumpaka Limited, with registration number HE405187. While this company does exist, we cannot confirm the relationship between the two.

Finally, the brokerage says to be part of the same group of companies owning Forex TB Limited, a CySEC-regulated trading brokerage. We think this might be bait because offshore regulations are quite loose and cannot be compared to European ones. We found the exact same claims with the other two brands, SaveInvest Ltd and GlobalTradeClub, but without any evidence.

Warning Issued by Financial Authorities

The final straw confirming this broker cannot be related to the EU was the warnings we found. Brazilian CMV was the first to publish a notice against the firm in February 2023. According to this authority, the broker operating under the domain investmarkets.com/international has no approval to offer financial services.

In March of the same year, the Spanish CNMV issued its own alert, stating the same. Finally, Belgian FSMA and Italian CONSOB republished this warning, closing the story about InvestMarkets’ ties with Europe.

Traders’ Opinions on InvestMarkets International

Traders’ reviews about InvestMarkets broker are pretty mixed. We found 135 Trustpilot reviews at the time of writing, with the broker rating average.

The company has 43% of negative comments, including here 1, 2, and 3 stars. The majority of negative impressions come from bad account managers who are pressuring people to invest more and more. Additionally, we found some concerning accusations of trade altering and stealing clients’ funds. Be wary.

Where Does the Broker Operate?

Considering itself an international firm, this brokerage operates pretty much everywhere. However, the traffic analysis shows that the majority of clients come from:

• Switzerland,
• UAE,
• India,
• South Africa,
• Mexico.

All these countries have their respective regulators and usually don’t accept offshore licenses. Therefore, we can say that InvestMarkets is soliciting investors without being appropriately registered within these legal jurisdictions.

Trading Platforms Choice – Software Comparison

If you’re keen on trading with InvestMarkets, you’ll do fine with the trading platform. The brokerage offers WebTrader and distribution of MT4.

The browser-based software is quite simplified, enabling you to open instant and pending orders and review your trading history. We found an introductory video, which is quite a nice touch, especially for inexperienced investors. You can watch it and get to know the software and all its features.

You can check out the MT4 terminal if you’re a trading pro. It’s available as a desktop app and in the web version. With it, you will get many more features, including social trading, EAs, etc. There’s a good reason why MetaTrader is the most popular software among retail traders such as yourself.

Additionally, you can use InvestMarkets mobile app for a quick and convenient login. 

Leverage, Spreads, and Fees

The platform shows a leverage of 1:400 for currency pairs. This is exceptionally high, knowing that the EU limit is 1:30, which applies to the UK and Australia. The spread is also relatively high, starting at 3 pips for EUR/USD pair for the Basic account. In addition, you will have to pay swaps and other trading commissions.

What Financial Instruments Can I Trade?

You can choose between five asset classes traded through CFDs:

• Currency pairs – EUR/USD, AUD/HKD, EUR/NOK
• Commodities – gold, silver, palladium
• Indices – NASDAQ, FTSE100, DAX30
• Shares – Amazon, Alibaba, Samsung
• Cryptocurrencies – BTC, BCH, USDT.

The range is quite solid, and we confirmed it via the platform.

Account Types on Offer

Speaking of different account types, here are the four you can choose from:

• Basic – $250
• Gold – $25,000
• Platinum – $100,000
• VIP – $250,000

The minimum deposit is pricey for a regulated brokerage, and we’re surprised to see it. Usually, Tier 1 licensed companies have Micro accounts, starting at as low as $10. Each higher account brings in lower spreads and more assistance and trading education.

Can I Use a Demo Account?

You will receive $100,000 in virtual funds to trade and feel the market, platform, and commissions. You can register for the InvestMarkets Demo account and test the system risk-free. Then, you can decide whether to deposit the money and start trading.

We were quite pleased to see a Demo account on offer. It will do you good to see how much you’ll be charged before paying from your pocket.

InvestMarkets Withdrawal Procedure

Once you log in to your account, you’ll find a banking tab through which you need to submit a withdrawal request. The company states that all charges are processed through a bank account or an e-wallet. This goes directly against AML policies since payment has to be reversed through the same means of deposit.

Note that the company is charging withdrawal fees for all except VIP clients. Therefore, be prepared for deductions. And, if your request is declined or delayed without an appropriate reason, ensure you report it right away.

What Should I Do If I Have a Problem With InvestMarkets Broker?

If you’re experiencing any trouble with your InvestMarkets account, let us know immediately. We can help you file a dispute for a chargeback and collect legal evidence for the regulators.

Problems can happen, but resolving them sooner rather than later is essential. Get in touch to book a free consultation, and we’ll evaluate the case in detail. We’ll then be able to tell you if you can get your money back and how.

What Is InvestMarkets?

InvestMarkets is an offshore trading brokerage registered and regulated in Belize.

Does InvestMarkets Offer a Demo Account?

Yes, InvestMarkets offers its clients a risk-free Demo account with $100,000 in virtual funds.

Is My Money Safe With InvestMarkets Broker?

While the company holds an offshore regulation, it’s important to note that several EU regulators, including CNMV and CONSOB, banned it.

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

Delta ICO claims to be a cryptocurrency project centered around the firm’s native DELTA ERC-20 token. The Delta exchange, allegedly founded in the Netherlands, offers clients opportunities for earning through referrals and staking.

According to the website, which is a nightmare to navigate, the project was conceived in November 2018 and the development of the platform began shortly after. Throughout 2020, the ICO was in the preparation phase and the platform itself was launched in January 2022.

ICO stands for Initial Coin Offering, a popular fundraising method used by cryptocurrency startups to raise capital by issuing and selling their own tokens or coins to investors. The website says that the platform has raised 293 BTC so far, i.e. around 10 million dollars.

Given the unknown legal background of this exchange, we highly doubt this is true. Is this platform another hoax like AllCryptoCapital? To find out, please read our Delta ICO Review in which we reveal the truth about the exchange. 

Legal Info: Is Delta ICO Regulated?

The website claims this business was founded in the Netherlands. Yet, there is no information about the company in the database of the Dutch AFM regulator, which is in charge of supervising the digital asset market in that country.

Since the Netherlands is part of the European Economic Area (EEA), the AFM enforces common regulations of the European Securities and Markets Authority (ESMA), issuing a MiFID passport to all entities licensed to operate across the old continent. 

One of the key benefits MiFID providers offer clients is a compensation contract worth up to 20,000 EUR in case something goes wrong, plus protection for the financial ombudsman. 

Since Delta ICO is unregulated, the exchange isn’t liable to cover you. Therefore, we recommend you trade firms that are licensed to operate under the jurisdiction of top-tier financial market authorities such as the FCA (UK), CFTC & NFA (US), ASIC (Australia), IIROC (Canada), MAS (Singapore), CySEC (Cyprus), etc. 

Trader Reviews – Sharing Experiences

Traders do not seem to be satisfied with the exchange with many even claiming to have been scammed. At the time of this writing, Delta ICO had 6 negative reviews on trustpilot.com and 15 on scamadviser.com.

“You can scream you shout send them 100 messages there going to block your WhatsApp there go to ignore you,” one trader said, indicating that withdrawing funds from this platform is extremely difficult. 

If you want a detailed explanation of how the scammer manipulates users by claiming shady addresses and wallets, you can read an alarming Reddit thread about the plot. User reviews exposed the scheme, as was the case with BCH Advance.

Who Are Delta ICO’s Targets?

According to godaddy.com/whois, the deltaico.com website domain was created on April 11, 2022. Since then, the crypto exchange has mainly been targeting unwary traders who reside in the following countries:

• United Kingdom;
• United States;
• Ireland.

To reiterate, Delta ICO is not eligible to operate in the EEA due to the lack of a MiFID passport, i.e. valid license. The US is an entirely different jurisdiction with even heavier regulations but that doesn’t mean that brokers and exchanges can operate without a permit. 

We have already stressed the fact that if you invest money in this platform, you cannot count on regulatory help or compensation so be cautious.

Delta ICO Token

Let’s discuss the Delta token – DELTA. It is the native ERC-20 token of the platform, designed to facilitate various services for cryptocurrency traders and investors. Operating on the Ethereum blockchain as part of the Ether Delta ICO, the token is supposed to support premium features, advanced portfolio tracking, and price alerts. 

Per the website, the total supply is 1,327,818,222 DELTA tokens, and the current Delta ICO price is 0.000099 ETH (~ 0.2 USD). As for the raised amount, the exchange claims that 9,772.45 ETH has been collected so far, which is around 19 million dollars.

If you recall, at the beginning of the review, we mentioned how we read about nearly 300 BTC being raised, which is half the alleged amount on the second part of the website. It’s such a large discrepancy that we cannot take Delta ICO seriously on it.

Referral Program

The exchange offers a referral program, which allows users to earn commissions off of referrals and achieve passive income.

Users can earn DELTA tokens through the platform’s referral program by inviting friends and also through staking, contributing to the network’s growth and stability. The token acts as both a utility within the Delta ICO ecosystem and a mechanism for attracting new users.

The whole concept is presented as a way for the exchange to incentivize users to bring new members to their platform, which is understandable. Just keep in mind that referral programs offered by anonymous websites most often turn out to be Ponzi schemes in disguise. Do not drag your friends and family into it.

Deposit and Withdrawal Process

Delta ICO accepts payments only via two cryptocurrencies – Bitcoin and Ethereum. The minimum transaction amount is set at 0.15 ETH or 0.1 BTC. On the other hand, the maximum transaction amount is capped at 100 ETH or 10 BTC.

The reason why scammers prefer crypto transactions is it allows them to remain anonymous, plus this type of payment is extremely hard to trace and undo.

Reversing crypto payments is pretty complex and requires professional assistance. Luckily for you, we specialize in various fund recovery methods so please don’t hesitate to book a consultation with us.

Key Information To Consider About Delta ICO

To sum up our review, Delta ICO is an unregulated crypto exchange slash ICO business that has been active for about a year now. In the meantime, this firm has received negative feedback from users with some even accusing the firm of being fraudulent.

We do not recommend this platform because it is most likely an anonymous hoax. Should you experience any withdrawal issues, be sure to let us know.

If you cannot withdraw your funds from the Delta ICO exchange on your own, we offer our professional services and assistance. Book your free consultation with Scam Brokers Reviews today!

Book a free consultation with us and start the chargeback process.

FAQ Section

What is DeltaICO?

Delta ICO is an anonymous crypto exchange that started out as an ICO project, offering a native DELTA token.

Is DeltaICO a Regulated Exchange?

No. Delta ICO is not a regulated exchange. The firm is not registered with the Dutch AFM.

Is It Possible to Recover Stolen Crypto?

It’s possible to recover the money that you deposited via crypto. Book a consultation with us and we’ll explain how it works.

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