The BearsBulls scam belongs to that category of textbook frauds with the most recurring and cheapest brokerage site template on the market. The perpetrators apparently have no knowledge of Forex or anything related to it, so the information on the site is kept to a bare minimum. 

However, that doesn’t make them less dangerous than any elaborate sham at all. Our BearsBulls review explains how this scheme operates and what you can do in case of stolen funds.

One Desperate Swindler

The scarce legal documents found on the website declare that the scheme is run by a company allegedly called BearsBulls Group AS, registered in the UK. However, we quickly proved that to be a complete lie, as the UK Companies House has no such entity registered, and FCA, the main regulatory body, has never licensed them.

There’s practically no information available about this business, at all. However, FinTelegram was the first to discover their apparent connection with scam affiliate campaigns and has alerted the public about it. Otherwise, no known particularities exist. 

While proper licensing matters, sometimes even the presence of a regulation doesn’t suffice, especially if it’s an offshore one, like in the case of TMi Markets. So only pick the companies that are properly supervised.

How Boiler Room Fraud Works

The BearsBulls broker scheme is very young, with the bearsbulls.com site being created in January 2024. This explains the lack of any BearsBulls reviews on popular platforms, as well as the negligible online presence as a whole.

Measuring website traffic tells us that the majority of victims live in these areas:

• Germany
• United States
• Denmark
• Austria

The vast majority of these con schemes, including Finpro Business for instance, work as so-called boiler rooms. These are scam call centers, where boiler room agents work to get new victims to join. They do so by phone, social networks, instant messaging services, or emails.

Most commonly, they will introduce themselves as some finance expert from a major brokerage. Then, following a script, they start persuading their marks to invest. The money, however, ends up in the con artists’ own pockets. Recovering it is still possible, so contact our professionals for help.

Trading Under Risk

The biggest warning about a company’s fraudulent intentions and lack of regulation is the available leverage. If an online trading firm offers leverage higher than 1:30 or 1:50, you can immediately tell they’re not well licensed. In this case, the exposure is set to a maximum of 1:1000, which is terrifyingly high.

No such term as fees, spreads and commissions are even remotely mentioned on the site, however. That suggests the potential existence of hidden fees, although the cons always like to claim how they charge nothing.

Bonuses With Hidden Clauses

Deposit bonus available ranges from 10% to 25%, depending on the package you decide to purchase. Beware, however, of the malicious bonus terms, such as trading volume requirements. Swindlers purposely omit any details related to this problem, so they can have victims caught by surprise later.

Features are a Waste of Money

This alleged “best crypto and forex broker” with a “best platform for margin trading” is nothing but a common deceiver targeting Forex novices. If you take a closer look at the features, you’ll see nothing worth your investment. From defunct BearsBulls trading software and dirty expensive accounts, everything you find is practically useless.

Trading Room

Easily accessible, even without a BearsBulls login, the web-based terminal available doesn’t even resemble reliable, fast and feature-rich software. 

The evident lack of advanced options and progressive analytical tools efficiently prevents users from making educated decisions on the market. Therefore, it’s wise to rather choose a renowned platform like MT4, MT5 or cTrader, instead of anonymous and easily manipulated terminals. 

Shabby Choice of Instruments

Judging from the quality of the BearsBulls trading platform, it’s questionable whether any actual trading takes place on the platform. The company does include some trading instruments, however, but the selection is nothing spectacular.

Let’s look at a few examples now:

• Forex – EUR/USD, AUD/CAD, CHF/GBP, USD/JPY
• Cryptocurrencies – BTC, ETH, ADA, XRP, DOGE
• Stocks – Lufthansa, Heineken, Siemens, Volkswagen
• Commodities – Brent, Cocoa, Platinum
• Indices – CAC 40, DAX40, NASDAQ

Overpriced Promises

Every single of the packages sold by these swindlers allegedly features options like daily signals, fund managers, dedicated analysts, bonuses and similar. 

Cyber criminals will spark interest in their victims while promising whatever their targets want to hear. However, once you see the prices, you’ll understand that it’s all just plain robbery:

• Basic – $2.500
• Silver – $10.000
• Gold – $25.000
• Platinum – $100.000

Swift Withdrawals? Not Likely!

While you may feel secure with the promises made by these miscreants, let us immediately tell you they’re all lies, especially concerning payouts. The site doesn’t have a separate BearsBulls withdrawal policy and doesn’t go into details about how transactions are performed. You’ll only be notified about KYC being mandatory. 

Furthermore, the site also claims to process requests in just 3 days without any additional costs, but that simply sounds too good to be true.

Zero Client Care

The company website doesn’t feature a dedicated support page. Instead, you’ll have to refer to the contacts, where you’ll find a phone number that nobody answers, and a dysfunctional email address. This is a common strategy that makes you rely on the con artist that pulled you into the scam in the first place.

Lost Money On a Scam? Get It Back!

This broker, if you can call it that, is a fraudulent circle intended to quickly and efficiently part you from your money. The swindle does not exist as an entity outside of its boiler room. It’s not a registered firm, nor does it have any necessary business license.

The people that run these bamboozles are real tough customers. If you need help recovering the money from these swindlers, contact our legal expert via the live chat. We’re available 24/7, and our first consultation is free.

FAQ Section

What is BearsBulls?

The site is run by fraudulent individuals that are looking to profit by deceiving Forex investors.

Is BearsBulls Legit?

No, despite their claims about being a reputable UK firm. The conduct doesn’t exist and it owns no license.

How to Get Money Back From a Financial Scammer?

It is wise to consult a legal expert who can help you start chargeback. Our team of recovery professionals can help you with constructive advice and guidance.

Despite purporting to be a decade-long successful business, Senior Wealth Partners’ website is just a few months old. The content on it is fraudulent, to say the least.

The fake testimonials could not help the poorly executed scheme either. It’s just as bad a fraud as FXMargine.com. Bear with us as we expose the digital con artist in our Senior Wealth Partners review. 

Legal Info: Is Senior Wealth Partners Regulated?

The website claims this business belongs to Capital Securities Group AG, based in Switzerland. A simple check of the Senior Wealth Partners broker on the website of the Swiss Financial Market Supervisory Authority (FINMA) debunked this lie.

According to FINMA’s warning, the platform is fraudulent and not a legitimate entity by the same name. Therefore, all funds you place on the platform can easily disappear. 

We thus recommend you stick to regulated firms operating under the supervision of renowned financial market authorities such as the FCA (UK), ESMA (Europe), CFTC (US), ASIC (Australia), IIROC (Canada), MAS (Singapore), etc.

Such companies are subject to stringent regulations and must offer clients negative balance protection, segregation of funds in top-tier banks, and, in some cases, compensation schemes.

Who Are Senior Wealth Partners’ Targets?

According to WHOIS, the Senior Wealth Partners website domain has existed since October 25, 2023, contrary to the firm’s claims of being founded in 2013. For nearly half a year, the phony broker has been targeting unwary traders from the following jurisdictions: 

• United Kingdom;
• Canada;
• Sweden.

All these countries have tight regulatory laws in force for their respective markets. Their watchdogs oversee all market participants to prevent financial swindlers from conducting fraudulent schemes.

To reiterate FINMA’s alert, Senior Wealth Partners is not authorized to provide trading services in its alleged home country. Trading on this platform – operating unregulated just like TheWavesMines – is a terrible choice.

Trader Reviews – Sharing Experiences

This is where it gets tricky. The 121 Senior Wealth Partners reviews on trustpilot.com are mostly positive (4.4/5). However, we have reason to suspect that they are all fake, generically written around the same date.

Among the duplicitous comments, there are also honest complaints that emphasize the same point we are trying to get across – this platform is illicit!

User feedback is generally important. You should always read what traders and investors think about a certain company before risking any hard-earned money. Negative reviews are indicative of potential schemes.

Which Trading Platform Is Available?

The Senior Wealth Partners platform is a web interface that supports the trading of popular financial instruments Forex currency pairs, stocks, commodities, and indices.

Due to Senior Wealth Partners login irregularities, we could not check it out for ourselves. In general, browser-based terminals feature elementary tools such as charts and graphs but lack advanced tools.

The absence of desktop and mobile versions is a disadvantage. Moreover, the lack of regulatory oversight casts doubt on the platform’s operation. Hence, we suggest you choose licensed providers that offer recognized third-party software such as MetaTrader 4, MetaTrader 5, or cTrader. 

Senior Wealth Partners account types

Trading Info – Leverage, Spreads, Commissions

Senior Wealth Partners’ trading conditions are virtually unknown. The website has not specified how much leverage traders can use, the spreads between the bid/ask prices, and the commissions the broker charges per trading lot.

The con artist did, however, disclose welcome bonuses despite not being allowed in Europe. These pesky incentives do not come without a cost though. There’s a bonus policy stipulating that traders must generate a significant trading volume to be eligible for a withdrawal. You don’t want a clause like that in your contract.

Can Traders Use a Free Demo Account?

There is no risk-free demo account available on the website, which raises concerns. That’s a big red flag as most brokerage companies nowadays include a free account traders can use to practice their skills.

Once you feel you have mastered the basics of trading with virtual funds, you can switch to using real money. Just don’t forget to trust transparent firms.

Deposit and Withdrawal Process

The website listed several payment methods that can be used to make a deposit and withdraw profits free of charge:

• Credit/debit cards;
• Wire transfers;
• E-wallets.

Given the provider’s dubious background and regulatory warning, Senior Wealth Partners withdrawal issues seem likely. If you cannot pull out your funds from the account, there are ways to potentially recover funds.

For MasterCard or VISA credit/debit card payments, you can request a chargeback at the issuing bank within 120 days to get a refund. Wires transfers, on the other hand, are reversible but only if the money has not yet been transferred.

Key Facts To Consider About Senior Wealth Partners

Senior Wealth Partners is a group of anonymous thieves running a bogus website and shady platform. Despite claiming to be legit, this broker is blacklisted in Switzerland.

We do not recommend you trade on this platform due to its unregulated status. In case you have lost money to the Senior Wealth Partners scam, you must seek our professional help to recover your funds! A chargeback is your best option.

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

Book your free consultation here and start the chargeback process.

FAQ Section

What is Senior Wealth Partners?

SWP is essentially a trading scam feeding off of fake reviews and targeting unsuspecting traders.

Is Senior Wealth Partners Legit?

No, this platform is not legit. There is no trace of this company in the Swiss business register.

How to Get Money Back From a Scam Broker?

Get in touch with Scam Brokers Reviews and explore potential refund options such as chargeback or recall.

Once you start digging deeper, you realize Integra Asset Management hides so many details, starting with its legal name and documents. Yet, the company presents us with some company numbers that are probably not valid anywhere.

But that’s not the only problem you can find here. Keep reading this unbiased Integra Asset Management review if you want to avoid getting ripped off.

Legal info: Is Integra Asset Management Legit or A Scam?

Upon searching the company’s provided number F004737, you can come up with the company registered in Dubai. Not only that but this business is also licensed by the DFSA. However, this firm was licensed in 2018, and this broker’s website has been active since December 2023. Therefore, facts simply don’t add up.

But the key sign this firm is an absolute scam is the lack of UK regulations. Apparently, they are a UK-based firm and yet, the FCA database doesn’t have any records on them. Neither does any other top-tier regulatory authority like ASIC, BaFin, or CFTC. But hold on, there are many more fake details.

Who are Integra Asset Management’s Victims?

As mentioned, the company’s presence in the markets has only been visible since December of last year. Since then, they claim to have more than 130.000 active users. Thus, Integra Asset Management reviews number don’t match in percentages. Nevertheless, some countries are more targeted than others, such as: 

• United Arab Emirates
• United States
• United Kingdom

Generally, Integra Asset Management trading firm is not authorized to trade anywhere. Therefore, you should apply for a chargeback no matter your residence country. If you need assistance, let us know.

Traders Reviews

In general, the company’s reviews don’t look promising. So far, there are only seven comments available about them. Not even on some popular forums do they talk about them. This tells you enough about the company’s credibility.

All the problems with Integra Asset Management broker are related to withdrawals and disappointing customer service. If you are going through the same with this firm, leave a comment below. You can also contact our refund team to get started with the recovery process today.

Leverage, Commissions, Spreads, Fees and Taxes

Another big disadvantage of this company is hidden trading costs. Starting with spreads and commissions, but also other fees—even non-trading-related ones. 

If only the company offered transparent documents, we would be able to find more. However, keep in mind that without trusted licenses, no documentation would change the company’s goals.

Bonuses

The most disturbing fact about this firm is its bonus policy. Some of the Integra Asset Management account types include bonuses of up to 30.000€. Keep in mind those are fictive funds and are most likely non-withdrawable.

But also, if you accept those, you won’t be able to complete regular withdrawals either. Simply, without transparent policies and licenses, they can make up any rules they want. To learn how to recognize some more tricks, read our SimpleWealthFX review as well.

Integra Asset Management Trading Features

Literally, the only features the company presents as advanced are deposit protection and 24-hour personal support. Even though that’s a standard for any tier 1 licensed firm. 

Anyway, if you are looking for truly advanced options like EAs, copy, and social trading, opt for another broker.

Trading Platforms Available

Scam brokers manage to present traders with profits through shady platforms—very often, web-based ones with limited functionalities. That’s exactly the case with this firm as well. Again, looking for trusted software like cTrader or Meta Trader can only guide you to another brokerage—hopefully, more trusted.

Available Trading Assets

Overall, the tradeable assets offered look decent. Still, if you won’t be able to withdraw the funds, what’s its worth? But if you look at any of the best-ranked brokers out there, you will find the same deals, such as: 

• Forex – USD/JPY, EUR/MXP
• Indices – DAX30, CAC40
• Commodities – platinum, crude oil
• Cryptos – BTC, USDT, ETH
• Bonds – US T-Bond, EU Bond

Account Types

With quite a low Integra Asset Management minimum deposit requirement, it’s quite easy to get traders on board. However, they will pitch you for higher deposits, and in return, you won’t get any significant benefits. 

So, expect the pitch for: 

• Classic – 100€
• Silver – 2.500€
• Gold – 10.000€
• Platinum – 50.000€
• VIP – 100.000€

Mobile Trading App

When it comes to mobile apps, that’s another point of disappointment with this brokerage. Sadly, you’ll need a browser to trade on a mobile device. Definitely not the most convenient method. 

Ultimately, it’s even harder to recognize tricks the company is using there to present you with fake results.

Demo Account

If the company were offering its platform transparently, it would offer you a demo account in the first place. To be fair, they offer a 7-day trial for classic accounts. Still, you have to make a deposit. Thus, there’s no guarantee you will see that money ever again.

Education

Surprisingly, the company doesn’t offer any educational programs that are expected for a trading firm. Yes, you get personal support once you start depositing more money. However, that support is solely there to push you into a bigger hole.

Integra Asset Management Withdrawal

Apparently, every Integra Asset Management withdrawal is processed within three business days. But very often, within a couple of hours. 

Thus, with only crypto payments accepted, we highly doubt you will see any withdrawals at all. Especially since the company doesn’t reveal any fees or special conditions. Therefore, you can expect a wide range of issues there.

Customer Support

Another issue with his company appears to be its customer service. As some traders reported, they were unable to reach them when they needed assistance. Even though the working hours are transparent, between 9 AM and 9 PM (Monday through Friday) London time, that doesn’t mean anything.

If you can’t solve the issue via phone or e-mail, don’t worry. This firm has another scamming trick on its sleeve. That’s the Integra Asset Management AnyDesk offer. Once they get control of your device, it becomes way easier for them to wipe your bank account balance off.

Key Information To Consider About Integra Asset Management

The key detail about Integra Asset Management scam brokerage is a lack of regulations. On top of that, there are hidden conditions, untrusted platforms, shady support, and you name the rest. All in all, they represent zero credibility.

That’s why we recommend you request a withdrawal immediately. In case you experience any trouble, you can apply for a refund with our professional assistance. But before you make your first step, you can contact our experts and have the first consultation completely free. Book yours right away.

FAQ Section

What is Integra Asset Management?

Integra Asset Management is a practically anonymous investment firm presenting itself as UK-based.

Is Integra Asset Management Regulated?

No. This trading company doesn’t have any required licenses to operate in the UK, US, or UAE. Nor any other country.

How to Get Money Back From My Broker Account?

In the best-case scenario, you can apply for a chargeback. Often, trades need different methods. For more information, feel free to contact our refund experts.

Apparently, MENA Global Market has been registered in Saint Vincent and the Grenadines but physically operates from Mauritius. What a combination! Surely not the best choice for registering a trading firm.

Nevertheless, we won’t jump to conclusions before thoroughly analyzing the company. Hopefully, that would save you a lot of time as well. Therefore, read this MENA Global Market review until the end.

Legal info: Is the MENA Global Market Legit?

Even if the company is offshore registered, we can’t say it’s not legit. For instance, if it has an FCA, BaFin, ASIC, or similar license, the company could be absolutely trusted. However, those are just dreams with the MENA Global Market. Unfortunately, many other signals make this broker untrustworthy.

Onwards, whatever this broker claims should be questioned, starting with their tier 1 banks as liquidity providers. But also negative balance protection. Mostly, features that are related to withdrawals will cause the most trouble.

Who are the MENA Global Market’s Clients?

According to the company’s domain age, they have been active since 2022. Yet, there are no publicly available MENA Global Market reviews. This is quite surprising for a company that claims to have $10 billion in Bitcoin daily trading volume.

In any case, the company’s traffic and victims mainly come from: 

• United Arab Emirates
• Egypt
• United States

But regardless of your country, we invite you to share your opinion about the company in the comments below. After all, if you have any issues, our refund team will analyze your case and offer you an adequate solution.

Leverage, Commissions, Spreads, Fees and Taxes

General spreads with MENA Global Market broker start at 1.5 pips. This is considered industry average, and it would be acceptable if that’s the reality. But you can get that low spread on very few assets in most cases. Nevertheless, the company offers swap-free accounts and also accounts without commissions. Yet, the commissions applied on some accounts are not specified.

The worst part of these conditions is the leverage of 1:500. Even though the company offers negative balance protection, you can still lose everything quickly.  

Bonuses

From one point of view, it’s good the company doesn’t have any bonus offers. That would be simply another way to scam you.

However, with unregulated brokers, you never know when the company will come up with such deals. After all, they can update all their conditions without prior notice. So, watch out.

MENA Global Market Trading Features

As can be seen, the company’s main feature is lightning-fast execution and so-called “razor-sharp” spreads. Yet, we wouldn’t say that 1.5 pips are razor-sharp. Anyway, this broker can’t compare its offers to any mediocre trading firm. Not to mention top-tier regulated ones.

Trading Platforms Available

Besides missing regulations, another reason to avoid this firm is its trading software. Instead of trusted Meta Trader, for example, they opted for a WebTrader.

What you won’t have with this platform is social and copy trading, EAs, or the availability of advanced trading strategies, such as scalping, hedging, or netting. Therefore, we suggest you stick to tier-1 licensed firms. But first, read our Paybis review for more clarity about the crypto world.

Available Trading Assets

Generally speaking, if the company is not trusted, its asset offer is practically meaningless. Especially if you can find their entire offer with some better-ranked brokerage. In any case, with this company, you can trade: 

• Forex – EUR/AUD, HKD/SGD
• Commodities – platinum, silver
• Shares – IBM, AMD
• Indices – S&P500, CAC40
• Cryptos – ETH, DOT

Account Types

Overall, the company’s trading accounts don’t differ much. Practically, the only difference comes with spreads and if the commission is applied. Yet, they will require you to pay more money for those benefits. 

The options are: 

• Standard – $500           
• PRO – $5.000
• VIP – $10.000

Mobile Trading App

One quite surprising thing about this brokerage is the availability of iOS and Android apps. Sadly, there’s quite a low download rate for those, which tells you enough about the apps and the company’s credibility. 

On top of that, reviews of the app point out it’s a scam. Here, you have it in writing.

Demo Account

Another positive thing is the availability of the MENA Global Market demo account. With these, traders can easily explore all the features the platform offers. But without a license, we highly doubt they will stay there for long.

Education

Important to realize is that the company doesn’t offer any educational packages. However, they proudly present the availability of the MENA Global Market Islamic account. At least you get something out of them. But in the end, that won’t matter if they keep all of the money you deposited.

MENA Global Market Withdrawal

As can be seen, the MENA Global Market trading platform accepts payments via a wide range of methods. Allegedly, those are all available for withdrawals as well. Sadly, the company’s withdrawal policy doesn’t exist. They do not reveal withdrawal details in the T&Cs.

With this in mind, prepare your nerves if you apply for the payout. But also, keep in mind all the tricks the company might use to prevent you from making MENA Global Market withdrawals. These include verification problems, AML laws, and non-existent taxes.

Customer Support

With e-mail, phone numbers, and web contact forms, traders have many options to reach out to this broker. 

However, without precise working hours, you can expect longer delays in replying. Possibly a complete ignorance as well. But to see why transparent customer service makes the difference, check our Fred Trading review.

Key Information To Consider About the MENA Global Market

All in all, if the MENA Global Market regulation existed, the story would be completely different. This way, you can only expect manipulation and issues. Therefore, we suggest you stick to proven brokerages that operate with adequate licenses.

Still, it’s not hard to get scammed nowadays. We have all fallen to some tricks at some point. The key is to know what to do when that happens. That’s why our refund experts offer the first refund consultation completely free. If you think this broker holds your money without a reason, get in touch with our team.

FAQ Section

What is MENA Global Market?

MENA Global Market is an offshore investment company registered in Saint Vincent and Grenadines and offices in Mauritius.

Is MENA Global Market Legit?

No. The company operates without maximum transparency and most importantly without adequate licenses.

How to Withdraw Money From My MENA Global Market Account?

In the best way, you can apply for a chargeback. But most likely, you’ll need the CipherTrace tool throughout the refund process. For more details, talk to our refund team.

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Monese Review 2024: Is it a Scam or Legit?

The world of online trading and investment is dynamic, and one major problem is the rise of shady companies posing as reliable brokers. A thorough investigation is necessary on the suspected fraudulent acts that have brought Monese.com to light recently. We aim to provide a fair evaluation with verified facts and data from reliable and trustworthy sources through our thorough Monese review.

Monese Website – https://monese.com/

Website Availability – Yes

Address shown – Eagle House, 163 City Road, London EC1V 1NR. UK

Warned By – Not Recommended By Review Website Like Report Scam

Domain Age of Monese

1. Domain Name: monese.com
2. Registry Domain ID: 1828830249_DOMAIN_COM-VRSN
3. Registrar WHOIS Server: whois.godaddy.com
4. Registrar URL: https://www.godaddy.com
5. Updated Date: 2019-09-11T05:33:11Z
6. Creation Date: 2013-09-25T09:08:38Z
7. Registrar Registration Expiration Date: 2024-09-25T09:08:38Z

Important elements that show if Monese is a fraud

The Alleged Association of Monese

Monese represents itself as a registered agent of PrePay Technologies Limited and has been approved by the Financial Conduct Authority (FCA). Still, there are questions about how legitimate these connections are. Though these connections could provide a sense of credibility, they don’t relieve the worries of unhappy clients who are still dealing with accusations of wrongdoing against Monese.

Disconcerting Account Restrictions

Many users have experienced mysterious limitations on their accounts, and Monese has not provided a clear explanation for these measures. People get even more frustrated when there is a lack of clear communication because they feel helpless in the face of the company’s seemingly arbitrary decision-making.

Customer Dissatisfaction

Monese Reviews are filled with complaints from users who complain about having their accounts suddenly banned without warning or option. These incidents serve as an unsettling reminder of the significant and unchecked authority that Monese has over its customers, leaving many of them feeling betrayed by the same organization that they trusted with their financial matters.

The need for more clarity and justice in its operations is highlighted by the fact that Monese runs the danger of losing the trust and confidence of its clients in the absence of accountable and transparent procedures.

How to Guard Your Investments Against Fraud

Although trading in financial markets such as cryptocurrency, binary options, and forex may be profitable, hazards such as the possibility of coming across dishonest brokers are involved. A proactive and vigilant strategy is necessary to safeguard your investments against fraudulent businesses and frauds such as Monese.com. When interacting with questionable brokers, take into account the following precautions:

• Before engaging a broker, do extensive research on the broker’s legitimacy. Investigate licenses, regulatory status, and track record.
• Check online Monese reviews, forums, and social media platforms for feedback and experiences shared by other traders. This can provide valuable insights into the broker’s reputation and reliability. You can also check our list of scam brokers 2024.
• Only choose brokers that are properly regulated and licensed by recognized financial authorities.
• Ensure the broker has a physical address and contact details that can be verified.
• Read through their terms and conditions, privacy policy, and risk disclosures to understand their policies and procedures.
• Evaluate the broker’s customer support services before opening an account. Prompt and efficient customer support is essential for addressing queries, concerns, and issues.
• Be wary of brokers that make extravagant promises, such as guaranteed profits or high returns with minimal risk.
• Remember that trading involves inherent risks, and no broker can guarantee consistent profits.
• Review the broker’s withdrawal policies and procedures. Ensure they provide clear and straightforward processes for withdrawing funds.
• Don’t rush into decisions. Take the time to evaluate all aspects of a broker’s legitimacy and make an informed choice.

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

Victimized by the Monese scam? Get your lost money back!

Get a Free Consultation

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

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

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

Read about Chargebacks

To read more about Scam Brokers and their Reviews, Visit Scam Brokers 2024 Page to avoid Cryptocurrency trading scams, Forex trading scams, or other online scams.

Note: The Monese review written above is influenced by the other Monese reviews already on the web. We are not liable for any legal action from the Monese company. In case of any query please mail us at [email protected].

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DeiFunded Review 2024: Is it a Scam or Legit?

The world of online trading and investment is dynamic, and one major problem is the rise of shady companies posing as reliable brokers. A thorough investigation is necessary on the suspected fraudulent acts that have brought Deifunded.com to light recently. We aim to provide a fair evaluation with verified facts and data from reliable and trustworthy sources through our thorough DeiFunded review.

DeiFunded Website – https://deifunded.com/

Website Availability – Yes

Address Shown – L45, 680 George Street, 2000, Sydney, Australia

Warned By – Not Recommended By Review Website Like Report Scam

Domain Age of DeiFunded

1. Domain Name: deifunded.com
2. Registry Domain ID: 2822968771_DOMAIN_COM-VRSN
3. Registrar WHOIS Server: whois.godaddy.com
4. Registrar URL: https://www.godaddy.com
5. Updated Date: 2023-10-20T03:32:12Z
6. Creation Date: 2023-10-19T06:50:27Z
7. Registrar Registration Expiration Date: 2024-10-19T06:50:27Z

Important elements that show if DeiFunded is a fraud

DeiFunded presents itself as a promising avenue for traders worldwide, boasting transparency and simplicity in its approach to earning opportunities. With a focus on accessibility from any corner of the globe, it claims to empower individuals seeking financial independence through trading. However, a closer look reveals a spectrum of DeiFunded reviews on platforms like Trustpilot, showing a more complex picture of the platform’s performance.

Mixed DeiFunded Reviews Reflecting User Experiences

While some customers praise DeiFunded for allegedly being transparent and simple to use, others are disappointed and frustrated with their experiences. Negative reviews draw attention to a variety of problems, such as orders that don’t execute right away or bugs in trading platforms like MT5. For example, complaints over orders not being completed put doubt on the design of the platform and its effectiveness as a trading solution.

Challenges and Delays in Payouts

Extended payout delays are one of the complaints made by consumers; some have complained about having to wait weeks to get their money. These delays cast doubt on the platform’s capacity to maintain its financial health and keep its word, in addition to undermining user confidence.

A mixture of encouraging comments and unsettling evaluations seem to have damaged DeiFunded’s efforts to offer a smooth route to trading success. These issues must be resolved if the platform is to maintain its good name in the competitive environment of online trade and fulfill its promise of openness and dependability.

How to Guard Your Investments Against Fraud

Although trading in financial markets such as cryptocurrency, binary options, and forex may be profitable, hazards such as the possibility of coming across dishonest brokers are involved. A proactive and vigilant strategy is necessary to safeguard your investments against fraudulent businesses and frauds such as Deifunded.com. When interacting with questionable brokers, take into account the following precautions:

• Before engaging a broker, do extensive research on the broker’s legitimacy. Investigate licenses, regulatory status, and track record.
• Check online DeiFunded reviews, forums, and social media platforms for feedback and experiences shared by other traders. This can provide valuable insights into the broker’s reputation and reliability. You can also check our list of scam brokers 2024.
• Only choose brokers that are properly regulated and licensed by recognized financial authorities.
• Ensure the broker has a physical address and contact details that can be verified.
• Read through their terms and conditions, privacy policy, and risk disclosures to understand their policies and procedures.
• Evaluate the broker’s customer support services before opening an account. Prompt and efficient customer support is essential for addressing queries, concerns, and issues.
• Be wary of brokers that make extravagant promises, such as guaranteed profits or high returns with minimal risk.
• Remember that trading involves inherent risks, and no broker can guarantee consistent profits.
• Review the broker’s withdrawal policies and procedures. Ensure they provide clear and straightforward processes for withdrawing funds.
• Don’t rush into decisions. Take the time to evaluate all aspects of a broker’s legitimacy and make an informed choice.

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

Victimized by the DeiFunded scam? Get your lost money back!

Get a Free Consultation

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

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

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

Read about Chargebacks

To read more about Scam Brokers and their Reviews, Visit Scam Brokers 2024 Page to avoid Cryptocurrency trading scams, Forex trading scams, or other online scams.

Note: The DeiFunded review written above is influenced by the other DeiFunded reviews already on the web. We are not liable for any legal action from the Deifunded.com company. In case of any query please mail us at [email protected].

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We will try to keep our Long Asia review as simple as possible so you can understand the sophisticated scheme behind the platform. Our point is to give out the main reasons why this brokerage firm is fraudulent.

To do so, we shall concisely explain the regulatory issues with Long Asia, back up our claims with user feedback, and explain how the scam works. If you have fallen victim to this trickster, or any other fraud such as Eutradex, stick until the end of the review to learn how to recover your funds.  

Legal Info: Is Long Asia Regulated?

The legal structure of the Long Asia broker is intricate and casts doubt on the firm’s legitimacy. They claim to be the online trading brand of Long Asia Group, which includes Long Asia Liquidity (Indonesia), Long Asia Group NZ Limited (New Zealand), and LongAsia Asset Management (Hong Kong).

After investigating Hong Kong’s Securities and Futures Commission (SFC) database, we found a company called Long Asia Asset Management (HK) Limited, but the domain name did not match our subject. 

There is also a regulatory warning against Long Asia Liquidity, issued by the Singaporean Monetary Authority (MAS). It appears that the provider may be conducting unlawful business to mislead clients.

We thus recommend you stick to regulated firms operating under the supervision of renowned financial market authorities such as the FCA (UK), ESMA (Europe), CFTC (US), ASIC (Australia), IIROC (Canada), MAS (Singapore), etc.

Such companies are subject to stringent regulations and must offer clients negative balance protection, segregation of funds in top-tier banks, and, in some cases, compensation schemes.

Who Are Long Asia’s Targets?

According to WHOIS, the longasiagroups.com website domain was created on May 13, 2022, despite sources saying this shady operation started earlier. For some time now, the financial swindlers running the brokerage have been targeting unsuspecting traders from the following jurisdictions: 

• United States;
• Germany;
• Malaysia.

These three countries have respectable regulatory laws in force for their markets. Their respective financial watchdogs oversee all participants to prevent digital cons like Bitcp from running deceptive schemes.

As we already stressed, Long Asia is not authorized to provide trading services whatsoever. Relying on this platform is extremely risky and you’ll see why in the next section.

Trader Reviews – Sharing Experiences

Popular trading forums such as wikifx.com, trustpilot.com, and forexpeacearmy.com are flooded with negative Long Asia reviews. So much so that we can safely say that this firm is illicit. Withdrawal issues are a recurring theme on both websites.

“Long Asia Capital and Long Asia Group have been ignoring my withdrawal requests for over 4 months. They are not responsive to emails or phone calls and are withholding 42K USD without any justification…”

Trustpilot user.

User feedback is critical. You should always read what traders and investors think about a certain company or platform before investing. Negative reviews are indicative of cyber fraud.

Which Trading Platform Is Available?

The available platform is Long Asia MT4, i.e. MetaTrader 4. Widely regarded as the industry’s leading software, the platform boasts sophisticated features such as automated trading, multiple timeframes, advanced charting, EA advisors, etc.

However, due to Long Asia login and withdrawal issues, we do not recommend you download this particular software as it may contain malware.

The lack of regulatory oversight also raises concerns about the platform’s legitimacy. Therefore, we suggest you opt for licensed providers that offer the same software.

Long Asia account types

Trading Info – Leverage, Spreads, Commissions

Long Asia’s trading conditions are dubious. The maximum leverage traders can use significantly exceeds legal caps for retail clients in Europe (1:30) and North America (1:50). 

Note that trading with such high leverage is a double-edged sword; you can amplify potential profits if you bet correctly, but if you do not, there’s a chance you lose everything. The spreads and commissions seem realistic but it matters given every other fraudulent aspect of this platform.

Can Traders Use a Free Demo Account?

There is no risk-free demo account available on the website. That’s a big red flag in our book as nearly all legitimate brokerage firms nowadays include a demo account traders can use to practice and improve their skills.

Once they feel comfortable trading with virtual funds and learn risk management techniques, they can switch to using real money and start their journey. That’s why it’s important to include a demo.

Deposit and Withdrawal Process

The website listed several payment methods that can be used to make a deposit and withdraw profits free of charge:

• Credit/debit cards;
• Wire transfers;
• Tether.

Considering all that we have exposed so far, it’s highly unlikely that you’ll be able to withdraw your money from this platform. If you cannot pull out your funds from your Long Asia account, there are ways to potentially recover funds.

For MasterCard or VISA credit/debit card payments, you can request a chargeback at the issuing bank within 120 days to get a refund. Wires transfers, on the other hand, are reversible but only if the money has not yet been transferred.

Recovering stolen crypto is more challenging and requires advanced software such as CipherTrace, as well as professional assistance. Whatever the case, our team can help you with recovering stolen funds.

Key Facts To Consider About Long Asia

To wrap up our Long Asia Group review, let’s outline the main points we’ve made: this platform belongs to digital thieves running a bogus website. Despite claiming to be legit, the firm is not authorized to provide trading services. Many users have reported issues.

We do not recommend you trade on this platform due to its unregulated status. In case you have lost money to the Long Asia scam, you must seek our professional help to recover your funds! A chargeback is your best option.

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

Book your free consultation here and start the chargeback process.

FAQ Section

What is Long Asia?

A virtually criminal brokerage firm concealing its true intentions and thus prompting many traders to raise their voices.

Is Long Asia Legit Brokerage?

No, this firm is not authorized to provide trading services. Many traders lost money to this scheme.

How to Get Money Back From a Trading Scam?

In case you experience Long Asia withdrawal issues, contact our team and get familiar with how a chargeback works.

Grossfield Limited presents itself as a UK-based registered company with the number 01611036. Indeed, these details appear in the country’s registers. So, why traders don’t trust this firm?

Unfortunately, all the answers are in front of our noses. Yet, most traders oversee them in their greediness for more money. Luckily, we present you with essential information in this Grossfield Limited review that will help you in the future as well.

Legal info: Is Grossfield Limited Legit Or a Scam?

Important to realize is that the company we found in the database has operated since 1982. However, the broker’s website we are analyzing was put online in October 2023. That’s the first sign this firm is not legitimate.

The second sign is a lack of regulations. If the company was truly operating in the UK, they would provide exact license details. Yet, the FCA database only holds records of the regulated company being cloned by multiple firms. By Grossfield Limited as well. To learn how to recognize frauds at first glance, read our 24k Markets review.

Who are Grossfield Limited’s Victims?

Generally, through Grossfield Limited reviews, traders might say they are legit. However, when you know they are targeting the UK without a license, you know they are not. Anyway, most of their victims who reported issues since October 2023 come from: 

• Lithuania
• United Kingdom
• Ukraine

It’s just a matter of time before Grossfield Limited broker also ends up on a warning list. Luckily, you can help us with that by sharing your opinion about this firm. But also, you can contact us directly for a refund consultation if any withdrawal issues occur.

Traders Reviews

Across two different platforms, we can find quite contradictory reviews about this firm. For instance, on Sitejabber all reviews appear positive. However, on Top-Trade, the situation is opposite. To avoid guessing if you will get scammed or not, you should simply stay patient and look for another broker.

You don’t want to rush into something that has huge potential to be a fraud. But if you somehow end up there, let our refund specialists know more about your case.

Leverage, Commissions, Spreads, Fees and Taxes

Spreads starting from 0.8 pips can be quite intriguing. However, with unregulated brokers, the spreads are rarely that low. In addition to that, the company claims to have low commissions or no commissions for certain accounts. Yet, they also claim to be the main player in financial markets. But they are not.

Nevertheless, what proves the company’s scam activities is its leverage of 1:200. Yet, all UK-regulated brokers offer a maximum of up to 1:30 for retail clients. If you check our OQtime review, you will realize that every scam broker has similar leverage.

Bonuses

Another problem with this company is a lack of legal documents. This way, they prevent traders from finding out if some bonus offers are available. Anyway, Grossfield Limited account types don’t reveal any.

Grossfield Limited Trading Features

One of the main features the company promotes is trading signals. Unfortunately, trading signals rarely work. Especially if the company is not licensed. But they manage to make traders believe those signals through the shady platform.

Trading Platforms Available

Keep in mind that regulated companies often use platforms like cTrader, Meta Trader, or DAS Trader PRO. With these, you don’t have to worry about manipulation behind the scenes, primarily with spreads, leverage, and general information on your account. 

However, with the web-based Grossfield Limited trading platform, all of that is highly possible.

Available Trading Assets

Unfortunately, you can’t see what assets they offer before you sign up and complete the Grossfield Limited login process. Anyway, they advertise 4 out of 5 main categories where you can expect assets like: 

• Forex – USD/JPY, EUR/SEK
• Commodities – natural gas, gold
• Shares – Amazon, Tesla
• Indices – ASX200, FTSE100

Account Type

One quite surprising detail is that the company requires at least 2.000 € to get started. But in reality, they will most likely accept far less than that. Nobody would throw away 2.000 € to an unregulated broker. Anyway, the options are: 

• Bronze – 2.000 €
• Silver – 5.000 €
• Gold – 20.000 €
• VIP – 100.000 €

Mobile Trading App

Requiring 100K for a deposit and not offering trusted apps is a shame. Especially when you know that some top-tier licensed firms offer those with far lower requirements. So, if you prefer mobile trading and advanced trading strategies, this broker is simply not for you.

Demo Account

To avoid getting scammed with shady platforms you should always look for companies offering demos. Indeed, with a demo account, you might get used to throwing money away. Yet, that’s not the point. 

The point is to review the company’s features and find misleading details. Sadly, with this company, that’s not part of the deal.

Education

One of the huge disadvantages of this firm is a lack of educational programs. This clearly tells you how interested they are in educating their traders. After all, if traders knew everything, how would the company scam them?  

Grossfield Limited Withdrawal

Of course, when it comes to Grossfield Limited’s withdrawal procedure, they will require a vast of documents for verification. Thus, they don’t provide any details about processing time, fees, or any specific clauses. Keep in mind that non-licensed brokerages often use tax or non-existent fee tricks to extort your last money.

Customer Support

Usually, support options don’t mean much nowadays without a license, either. For example, this company offers UK phone numbers and e-mail. Yet, without transparent working hours disclosed. So, if they don’t reply to you, they can simply say they are not working. But you’ll never know what they are up to.

Key Information To Consider About Grossfield Limited?

All in all, everything about Grossfield Limited scam broker is suspicious. Starting with the trading software, registration details, and conditions. Not to mention, the withdrawal policy is absolutely trash. With all the warning signs presented, you can’t expect any good experience with this firm.

Therefore, we suggest you request a withdrawal as soon as possible. In case any problems occur, you can apply for a refund on time. If you need assistance or advice, send us a direct message, and we’ll notify our refund experts so they can contact you.

FAQ Section

What is Grossfield Limited?

Grossfield Limited is a fake UK-based brokerage offering FX and CFD trading services since October 2023.

Is Grossfield Limited Legit?

No. This brokerage is not authorized by the FCA or any other top-tier regulator to provide its services anywhere.

How to Get Money Back From a Scam Broker?

Depending on the funding method, you can use different refund options. For detailed analysis and advice, feel free to contact our chargeback team.

Overall, crypto trading has been considered dangerous. But it becomes even more hazardous if you trade with unregulated brokerages or exchanges, and it is even more dangerous if you use auto-trading software allegedly designed by famous tech guys.

All these combinations are highly possible when you want to trade with an unlicensed firm. Luckily, this Tesla X Trading review will help you stay away from those.

Legal info: Is Tesla X Trading Legit or A Scam?

In the first place, it looks like Tesla X Trading doesn’t bother sharing any legal information. Allegedly, this software was designed by Elon Musk himself. But have you ever seen it posted on his X account? Probably not. It’s complete nonsense. The biggest issue is that this platform operates as an affiliate program.

Once you register, your personal information is sold to who knows where—but definitely not to a legitimate company. Therefore, you have to stick with common sense and avoid this company completely.

Who are Tesla X Trading’s Victims?

Even though the company presents us with fake Tesla X Trading reviews, they don’t reveal where those clients come from. That’s quite suspicious, but luckily, analytical tools can show us what countries they mainly target. Those are: 

• United States
• Germany
• Canada
• United Kingdom
• Turkiye

However, if you know about regulations, you will also know that most of these countries strictly regulate investment services. So, if you are from the UK, for example, and the brokerage assigned to you is not FCA-regulated, you better run. In case you are already in that situation, contact our refund team as soon as possible.

Traders Reviews

As can be seen, Tesla X Trading reviews are only available on the company’s website. However, there is no other independent website or platform where traders talk about it. Based on these reviews, you might think the company is legit.

Yet, these reviews don’t seem too relevant. This is especially true since the company is using Elon Musk’s name to its advantage. Nevertheless, if you truly have experience with this software, let us know what broker you were working with. Also, don’t hesitate to contact us directly if you experience any trouble.

Leverage, Commissions, Spreads, Fees and Taxes

Another key issue with the Tesla X Trading platform is that no fees are allegedly involved. With a platform that reportedly has an accuracy of 98,7%, they should be charging it a lot. And the moment you realize it’s not the platform they offer is when you realize you are redirected to another firm.

Therefore, all conditions solely depend on those brokers. Your future also depends on them. And if you read our LDN Global Markets review, you will find out that’s not the best option.

Bonuses

Since the Tesla X Trading app has the mentioned outstanding results, there’s practically no need for any bonuses. After all, the app generates free money for you since no costs are included. 

However, keep in mind that some scam brokers might use bonuses to attract traders into deposits.

Tesla X Trading Trading Features

Overall, everything with the Tesla X Trading investment platform goes around the automation of crypto trading. With the crypto volatility and extremely high leverages these companies probably offer, it’s quite easy to make big returns. Fictive, of course, since nothing is properly regulated there.

Trading Platforms Available

One of the biggest failures of such platforms is that these are all allegedly web-based ones. So, they present you that in a way that you don’t have to download anything. But in reality, this allows them to share the platform with multiple shady brokerages. Mostly ones that use also WebTraders with apparently integrated auto-trading systems. 

On the other hand, if you choose a tier-1 license broker that uses cTrader or Meta Trader, you won’t have to worry about those mind games.

Available Trading Assets

Even though the Tesla X Trading scam doesn’t specify what cryptos can be traded with it, you can practically guess it. Most likely the most popular ones. Such as: 

• Bitcoin
• Litecoin
• Ethereum
• Dogecoin
• Shiba, etc.

Account Types

Generally, to access the Tesla X Trading bot, you just have to complete the registration form. Consequently, you’ll be redirected to a specific brokerage, most likely the best in your area. 

To get started with them, you are required to deposit as low as 200 euros. For additional benefits and options, traders must consult with their designated brokers.

Mobile Trading App

As mentioned, this trading app has not been developed for iOS and Android devices. Therefore, you will have to access your bot via a browser, and that’s already too much trouble. Why simply not use MT5 and have it all in one place? To see what platform tricks can also be used against traders, read our Tokencan review.

Demo Account

Unfortunately, with any of these affiliated campaigns traders don’t have any proof the software works. Only the kind words of samaritans behind the software. 

Sadly, none of those brokers would also allow you to use a demo account. If that’s not a sign there’s something shady happening, nothing will be.

Education

Of course, the Tesla X Trading crypto AI software doesn’t include any educational programs. After all, software is doing everything for you. Your job is just to deposit money and relax. But if that’s the case, why don’t they simply use it themselves and make a fortune?

Tesla X Trading Withdrawal

Important to note is that the Tesla X Trading withdrawal depends only on the broker you are assigned with. Apparently, withdrawals are processed within 24 hours. 

Yet, with unknown policies and conditions, you never know when obstacles can arise. Such as verification problems, fees, or anything else. This is not possible with a fully transparent tier-1 licensed firm.

Customer Support

When it comes to contact options, the company is quite conservative there. To keep their anonymity at the highest level they only provide an e-mail address for contact. That doesn’t comply with the mission of the company that created such an outstanding system.

Oh, right, they didn’t.

Key Information To Consider About Tesla X Trading

Generally, whatever you look at with this campaign, you will find something unclear—starting with ownership details, legal information, contact options, and most importantly, costs and proofs. With this in mind, you know there’s something wrong with it. Not to mention that nobody truly talks about this platform.

Therefore, if you invested in this campaign, let us know more about your experience. After all, once our experts analyze your case, they can advise you on further steps, even if you need to recover your money. Also, you can book the consultation right away and stop wasting any time. Get in touch now.

FAQ Section

What is Tesla X Trading?

Tesla X Trading is an affiliate campaign offering a crypto trading bot that was allegedly developed by Elon Musk.

Is Tesla X Trading Legit?

No. With zero transparency and proof the software works, this company is far from legitimate. On top of that, they mislead traders to believe it’s Elon’s work.

How to Recover Money From a Scam Broker?

It depends on the funding method you were using, but the best option is a chargeback. For all options, contact our refund experts for a free first consultation.

Apparently, the High Rise Market company was registered in 2022, not too close to the soil they are mainly active in—nothing more than Saint Vincent and the Grenadines. This is not the greatest start, especially once you find out their other offices are in North Macedonia and Azerbaijan.

In general, nobody would dare to go and check it out. So, in many cases, traders opt to believe the broker. Luckily, this High Rise Market review will show you why you should not.

Legal Info: Is High Rise Market Legit Or A Scam?

Indeed, finding High Rise Market LLC in the FSA (Financial Services Authority) of Saint Vincent and the Grenadines is not hard. However, this registration doesn’t mean they are authorized to provide FX and CFD trading services. Especially not in countries where they operate. Instead, the company should have at least one of the following licenses: FCA, CFTC, ASIC, BaFin, CySEC, or similar.

Contrary to the FSA database, none of these have any records of the High Rise Market being regulated. Not only is the security compromised, but everything this broker advertises is bogus.

Who Are High Rise Market’s Victims?

Since the company claims it can trade anywhere except the US, Italy, Spain, North Korea, Japan, and Turkey, its targeting areas are quite strange. Firstly, the High Rise Market reviews show customers from South Africa, Australia, and Singapore. But that’s a minority.  

Considering their 4.000 new clients as displayed on the website, the number should be much higher. Especially since they operate for almost a year, according to their domain age. Anyway, most of the company’s traders come from:

• Turkiye
• Cyprus
• Canada
• United States
• United Kingdom

You will realize that some of the countries match the restricted ones, but all of these have rigorous regulations. Obviously, this brokerage doesn’t seem to care. Therefore, we suggest you withdraw your funds as soon as possible. If an issue comes up, contact our refund team for advice.

Traders Reviews

Generally, the biggest issue with the High Rise Market broker is a lack of regulations, as can be seen from the company’s reviews. Consequently, it doesn’t matter what tools or assets the company provides. After all, if you can’t get your profits out, what’s the point of it?

If you have some more detailed experience, leave a comment below. Also, don’t hesitate to contact us as soon as you experience withdrawal issues.

Leverage, Commissions, Spreads, Fees and Taxes

Even though the leverage is not revealed on the company’s website, traders expose their highly dangerous offer of 1:500. Without negative balance protection, that can cause you to lose everything in a matter of seconds.

Nevertheless, if you don’t lose money that way, no worries. There are undeclared fees and commissions waiting for you around the corner. At least the starting spread from 1.2 pips is known. But you better don’t believe it’s that low.

Bonuses

Surprisingly, there are no bonus deals to attract traders to use the High Rise Market app. This is quite refreshing, knowing that this is a common trick among offshore brokerages. But to learn some other tricks, we recommend you check our TradeBetta review as well.

High Rise Market Trading Features

According to the company, their award-winning platform is far easier to use than Meta Trader 5. But without those awards being transparently presented, we highly doubt. 

Anyway, the company’s main advertised features are related to trading signals. Most likely, fake ones.

Trading Platforms Available

After you complete the High Rise Market login procedure, don’t be surprised if you don’t see MT5 available. We tried creating an account, but the page is not secure in the first place. 

We tried getting through anyway, and the page was not found. So, it shows you they only gain new customers via referrals or shady ad campaigns on social networks.

Available Trading Assets

Generally, all the assets the High Rise Market Forex broker offers should be your last concern. In the end, withdrawing profits is the key thing that matters here. Especially because their offer can be found with any top-tier licensed firm. It consists of: 

• Forex – USD/EUR, EUR/SEK
• Commodities – natural gas, platinum
• Shares – Airbus, Boeing
• Indices – CAC40, ASX200
• Cryptos – ETH, DOT

Account Types

One key problem with this brokerage is that the minimum deposit requirement is not disclosed. However, the average amount unregulated companies look for is $250. But when you know tier-1 licensed firms allow you to start with $10, why would you make that move? 

Anyway, there are three account types available: 

• Standart – 1.2 pips starting spread
• Gold – 0.8 pips starting spread
• VIP – 0.6 pips starting spread

Mobile Trading App

If the High Rise Market MT5 platform was truly available, the company would offer download options for mobile apps. Yet, iOS and Android app download links don’t exist on their website, which is not even surprising at this point. Anyway, to find out more about untrusted apps, read our ZBTCEX review.

Demo Account

Another huge disadvantage of this trading company is a lack of a demo account. Even though they have it, the situation is the same as for the registration. The page is unsafe and it leads you to an error page. But if the High Rise Market regulation existed, this wouldn’t be possible.

Education

Generally, the company’s education program is absolutely meaningless. They only provide an economic calendar and knowledge base with few answers about trading overall. In reality, nothing useful in real trading.

High Rise Market Withdrawal

Another suspicious thing is the High Rise Market withdrawal procedure. Generally, USD withdrawals are processed within 24 hours, while all other withdrawals take up to 2 business days to be processed.

On top of that, the company charges a $30 withdrawal fee for amounts lower than $1.000 (or 16 EUR for lower than 800 EUR). But you can only imagine the rip-off during withdrawal if they charge 5% for card deposits.

Customer Support

In general, the customer support doesn’t sound promising either. Yet, there are at least a few contact options. Those are e-mail, North Macedonian phone number, and WhatsApp. However, working hours are not disclosed.  

Key Information To Consider About High Rise Market

Since the company is registered offshore and has no regulations, you can only expect problems. Starting with trading costs, platform manipulation, and withdrawal issues. At first glance of an issue, you should report it to local regulators.

On the other hand, if you want to immediately get your money back from this broker, contact us. Our refund specialists offer the first refund consultation completely free, where you can find out all the necessary steps to get the money back. Book yours now.

FAQ Section

What is High Rise Market?

High Rise Market is an offshore brokerage registered in Saint Vincent and Grenadines but also with offices in Azerbaijan and North Macedonia.

Is High Rise Market Legit?

No. The company is not licensed by any trusted authority. Especially not by the FCA and CFTC even though they provide services in the UK and the US.

How to Get Money Back From a Scam Broker?

In the ideal case, you can apply for a chargeback. But if that’s not an option, you can use alternative methods. For more detailed information, contact our refund experts.