One of the first signs to not trust this firm is a lack of transparency. Primarily, Verify Markets doesn’t reveal ownership details, a registration number, license, or address. But be sure they will ask you for your details for verification of the account.  

These discrepancies should very quickly ring a bell. But there are many, many more we will reveal in this Verify Markets review. Make sure to read it carefully and make notes.

Legal Info: Is Verify Markets Legit Or A Scam?

Generally, the company’s non-transparency is actually transparency. This way, they clearly show you what are their goals. You just have to know how to recognize it. Firstly, the company is not revealing licensing details. Most probably because they don’t have any. But to make sure, we were checking some top-tier regulatory databases like FCA, BaFin, IIROC, CFTC, and ASIC.

Sadly, none of these hold records of Verify Markets being regulated. But if you read the company’s T&Cs and see the governing law for disputes is the one of Estonia, everything is clear. Unfortunately, many scam brokers have their fictitious companies registered there.

Who Are Verify Markets’s Victims?

One of the biggest lies in the industry is that this brokerage has more than 1.8M active users. Yet, there are only a few Verify Markets reviews available. 

On top of that, they claim their existence dates back to 2006. Yet, the domain age shows their platform was registered in November 2023. For this short time, they were mainly scamming traders from:

• Spain
• Portugal
• Netherlands
• Australia
• Belgium

Yet, any customer who has their money stolen has the right to apply for a chargeback or use other refund methods. To explore your options, contact our refund experts.

Traders Reviews

The only way to deposit with this broker is if you didn’t see the Verify Markets reviews. Currently, there are 11 comments on Trustpilot, and all are negative. Traders are already showing their disappointment in this brokerage. So it’s just a matter of time before warnings start piling up.

Before that happens, we suggest you withdraw your money from the account. Feel free to contact us if you can’t for some excuse the broker is making.

Leverage, Commissions, Spreads, Fees and Taxes

A leading sign of an investment scam is a lack of transparency. In the first place, the company is hiding all of the trading-related costs. Therefore, at any point, they can modify their conditions, and you will end up paying them money without a reason.

Nevertheless, even if all the details were transparent, the company would still be unregulated, which adds up to another problem. That’s the leverage of up to 1:200. There’s no negative balance protection, costs are hidden, and you can lose your whole balance in the blink of an eye. Isn’t that a recipe for a disaster? Another broker you should watch out for the same reason is Trade4Winner.

Bonuses

Generally speaking, a company’s T&Cs reveal that bonuses are possible. However, there are no Verify Markets account types that we can look at to see more about the bonus. Luckily, their shady bonus policy reveals that all profits gained with the bonus are not the client’s funds.

So, if you have a $100 bonus and you get lucky and make an insane amount of money, it’s not yours. The company may say it’s gained with a bonus and not your money.

Verify Markets Trading Features

As can be seen, Verify Markets Forex broker is least focused on Forex. Their main activities go around cryptocurrencies. But also they are offering trading signals from the company’s experts. You can imagine how big of an expert they are without a license.

Trading Platforms Available

On top of all these shady features, there is another one – the company’s purely web-based trading platform. Such platforms are easily manipulated from the back end and that’s the only way they can present their signals as legit. To fake the results, of course.

But to avoid that, make sure to trade with licensed brokers and use trusted software technology. For more details and recommendations, read our E8 Funding review.

Available Trading Assets

When it comes to regular trading, this broker offers the main four categories except for cryptos. But hold on. They offer crypto staking services. And most likely, that’s the company’s main offer. 

Anyway, clients can trade with: 

• Forex – USD/EUR, EUR/SEK
• Commodities – gold, silver
• Shares – IBM, Netflix
• Indices – DAX30, FTSE100

Account Types

Important to realize is that the company is not even revealing the minimum deposit requirement. Not to mention any other details related to the account types. But there are two quite suspicious options with this broker: 

• Locked staking of cryptocurrencies
• Savings account

Mobile Trading App

Another big lie is about the broker’s mobile apps. Allegedly, their platform has dedicated apps for iOS and Android devices.

However, it can’t be found in AppStore or PlayStore. Some of those fake 1.8 million users would say something about it if it existed. But also if they exist.

Demo Account

To avoid exposing this scam faster than usual, the company opted not to provide a demo account. That’s already a sign to avoid their services. In any case, you have two options. Register with them and risk getting harassed on the phone, or be patient and choose your broker wisely.

Verify Markets Withdrawal

Another clear sign of a scam can be seen in Verify Markets’ withdrawal policy.  Allegedly, the company is keeping funds in segregated bank accounts. For that reason, they will charge you a wide range of non-disclosed fees if you are withdrawing more than 20% of your balance. Of course, those fees must be paid upfront. But if you do that, be sure the money is gone.

Also, they claim to be processing withdrawals within ten business days. That gives them more than enough time to make excuses not to approve your request. All in all, too many suspicious conditions.

Customer Support

If these reasons are not enough for you, make sure to check the company’s contact options. As can be seen, the company would rate their support with five stars. Yet, they respond only five days a week and only via e-mail. That’s definitely not something 5-star support would look like.

Key Information To Consider About Verify Markets

Literally, every single thing about Verify Markets scam broker is suspicious. Starting with legal details, withdrawals, conditions, and platform. Generally, too many mines you can step on. To avoid that, you should simply avoid registering with this broker.

But if you already did and they’ve got your money, contact us as soon as possible. You can learn how to recover your money through our first free consultation. If you like the idea, you can continue with our assistance, but if you don’t like it, it’s still your call. Book your first free meeting now.

FAQ Section

What is Verify Markets?

Verify Markets is a broker with unknown legal ownership and address who offers suspicious FX and CFD trading services.

Is Verify-Markets.com Legit?

Definitely not. The company is lying about the registration date, the number of users, and its features. On top of that, the company is not licensed anywhere.

How to Get Money Back From a Trading Scam?

With this broker, you will most likely need to use CipherTrace to track stolen cryptos. For detailed guidance and advice, feel free to contact our refund team.

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White Hill Investments 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 White Hill Investments to light recently. We aim to provide a fair evaluation with verified facts and data from reliable and trustworthy sources through our thorough White Hill Investments review.

White Hill Investments, a Singapore-based private equity firm, offers investment advisory, asset management, and private capital services. However, suspicions have arisen regarding its legitimacy. Despite its website’s accessibility (https://whitehill-investments.com/), caution is advised. The Monetary Authority of Singapore has issued warnings about this entity, raising concerns about potential fraudulent activities. Investors are urged to exercise prudence, conducting thorough due diligence before engaging with White Hill Investments to safeguard against financial risks.

White Hill Investments Website – https://whitehill-investments.com/

Website Availability – Yes

Address shown – 165 Bukit Merah Central #05-3679, Singapore 150165

 Warned By – Monetary Authority of Singapore (Singapore)

Domain Age of White Hill Investments

Domain Name: WHITEHILL-INVESTMENTS.COMRegistry Domain ID: 2831697259_DOMAIN_COM-VRSNRegistrar WHOIS Server: whois.namecheap.comRegistrar URL: http://www.namecheap.comUpdated Date: 2023-11-22T11:21:08ZCreation Date: 2023-11-22T00:42:23ZRegistry Expiry Date: 2024-11-22T00:42:23Z

Important elements that show if White Hill Investments is a fraud or not

Unregulated Status

One of the primary warning signs that investors should be wary of, as noted in the White Hill Investments Review, is the absence of regulation and license. Legitimate brokers need licenses from respectable financial regulatory organizations to guarantee compliance with legal requirements and industry standards.

Withdrawal problems and poor customer service

Withdrawal requests may occasionally be delayed or denied by scam brokers to keep their victims’ money and prevent them from leaving the platform. When payments are delayed or go missing, customers become annoyed and start to doubt the company’s honesty.

Negative White Hill Investments Reviews and unfavorable scam reports

A scam broker may be identified by the number of negative reviews and scam reports from customers and business associates, as highlighted by White Hill Investments Review. For prospective investors, the amount of unfavorable reviews and stories of fraud using Whitehill-investments.com raises suspicions. The company’s legitimacy is called into question by several claims of financial losses, unethical behavior, and fraudulent practices. Prospective clients should investigate brokerage firms and go through other people’s experiences with White Hill Investments before trusting their investments to any of them.

Investors should take negative reviews and fraud complaints linked to White Hill Investments seriously, as these occurrences could point to possible dangers and problems that might harm their financial interests. It’s essential to continue being informed and watchful to safeguard your financial interests.

Heightened Risks for Investors

Dealing with unregulated and unlicensed brokers significantly increases the risk of encountering fraudulent practices. The lack of clear regulatory oversight and licensing raises concerns about the broker’s credibility and the safety of clients’ assets. It is imperative to approach such brokers with caution, conducting thorough due diligence to protect your financial interests.

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 Whitehill-investments.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 White Hill Investments 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 White Hill Investments 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 White Hill Investments review, are critical to ensure a safe and dependable trading experience.

Victimized by the White Hill Investments scam? Get your lost money back!

Get a Free Consultation

If you are the one who got scammed by White Hill Investments 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.

White Hill Investments Review: White Hill Investments Scam Conclusion

As the White Hill Investments Review indicates, there are solid indications that Whitehill-investments.com may be a scam, and these worries are tough to dismiss given the characteristics and facts that are often associated with fraudulent organizations. Traders and investors should exercise great caution when selecting a broker, choosing a reputable, licensed, and regulated organization. Ensuring the legitimacy of a broker, seeking objective assessments, and conducting thorough research are all essential measures in preventing fraud and monetary losses.

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 White Hill Investments review written above is influenced by the other White Hill Investments reviews already on the web. We are not liable for any legal action from the Whitehill-investments.com company. In case of any query please mail us at info@reportscam.net.

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Zico Global Pro Station 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 Zico Global Pro Station to light recently. We aim to provide a fair evaluation with verified facts and data from reliable and trustworthy sources through our thorough Zico Global Pro Station review.

Zico Global Pro Station Website – https://zicoapc.com/ and https://zicesib.com/

Website Availability – No

Address shown – NA

Warned By – Monetary Authority of Singapore (Singapore)

Domain Age of Zico Global Pro Station

Domain Name: ZICOAPC.COMRegistry Domain ID: 2809133915_DOMAIN_COM-VRSNRegistrar WHOIS Server: whois.matbao.netRegistrar URL: http://www.matbao.netUpdated Date: 2023-08-27T17:33:45ZCreation Date: 2023-08-27T17:33:44ZRegistry Expiry Date: 2024-08-27T17:33:44Z

Zico Global Pro Station Review: A warning concerning Zico Global Pro Station issued by the MAS 

Zico Global Pro Station has received a warning from the Monetary Authority of Singapore (MAS). The warning indicates that Zico Global Pro Station may be operating without the necessary authorization or regulatory oversight from MAS. This lack of regulation raises concerns about the legitimacy and reliability of Zico Global Pro Station’s services. Investors are urged to exercise caution when dealing with Zico Global Pro Station and to verify the credentials and regulatory status of any financial service provider before engaging with them. Compliance with regulatory requirements helps ensure the safety and protection of investors in the financial markets.

According to Report Scam, Zico Global Pro Station is an unlicensed broker

Zico Global Pro Station has come under suspicion as a potential scam, with concerns raised over its legitimacy and operations. The lack of website availability and absence of a physical address raise red flags regarding the transparency and credibility of the organization.

Two websites associated with Zico Global Pro Station, namely zicoapc.com and zicesib.com, are inaccessible, further complicating efforts to verify the legitimacy of the entity. This lack of online presence hinders potential investors or consumers from accessing vital information about the company’s services, products, or regulatory compliance.

The Monetary Authority of Singapore (MAS), a reputable regulatory body overseeing financial activities in Singapore, has issued a warning about Zico Global Pro Station. Such alerts from regulatory authorities are significant indicators of potential risks associated with engaging in business with the flagged entity. The warning from MAS serves as a cautionary measure for consumers to exercise diligence and avoid transactions with Zico Global Pro Station.

The suspicion surrounding Zico Global Pro Station underscores the importance of due diligence when engaging in financial activities, particularly in the realm of online investments and trading. Investors and consumers are encouraged to thoroughly research and verify the legitimacy of companies before entrusting them with funds or engaging in transactions.

In light of the warning from MAS and the lack of transparency regarding Zico Global Pro Station’s operations, individuals are advised to refrain from conducting business with the entity until its legitimacy can be verified through credible means. Taking proactive steps to protect oneself from potential scams is crucial in preserving financial security and well-being.

Victimized by the Zico Global Pro Station scam? Get your lost money back!

Get a Free Consultation

If you are the one who got scammed by Zico Global Pro Station 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.

Zico Global Pro Station Review: Zico Global Pro Station Scam Conclusion

As the Zico Global Pro Station Review indicates, there are solid indications that Zico Global Pro Station may be a scam, and these worries are tough to dismiss given the characteristics and facts that are often associated with fraudulent organizations. Traders and investors should exercise great caution when selecting a broker, choosing a reputable, licensed, and regulated organization. Ensuring the legitimacy of a broker, seeking objective assessments, and conducting thorough research are all essential measures in preventing fraud and monetary losses.

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 Zico Global Pro Station review written above is influenced by the other Zico Global Pro Station reviews already on the web. We are not liable for any legal action from the Zico Global Pro Station company. In case of any query please mail us at info@reportscam.net.

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Tax evasion facilitation conditions in the offshore zones are known to attract unscrupulous brokerage companies. Loose regulatory standards only encourage illicit online trading firms like the Fyntura.com broker to prosper by defrauding retail Forex investors.

It’s time to expose yet another greedy, fraudulent scheme that holds nothing sacred when it comes to earning cash quickly. Keep reading our Fyntura.com review for a detailed report on this shameless fraudster.

Seychelles-Based

Even if Fyntura Limited, the dubious owner of the website in question, was indeed legally operating out of Seychelles, their regulation would mean next to nothing. 

It’s known that loose regulators do not impose strict licensing conditions, such as segregation of funds, compensation plans and risk-reducing methods. That’s why doing business with any of these miscreants, regulated or not, will bring you nothing but loss and stress. 

Sometimes even regulated companies like ZuluTrade tend to show predatory behavior towards clients and get blacklisted for not being licensed properly. However, the Fyntura.com scam is clear in their intentions and they do not intend to spare anybody. Stay away from this portal. 

Deceptive Online Content

The company advertises their services as the “newest broker in 2024”. Interesting, considering that WhoIs says the fyntura.com domain has been active since at least 2021.

The fraudsters are targeting these particular areas:

• United States
• United Kingdom

Many of the defrauded victims were lured to the platform through various affiliate YouTube videos, with people allegedly showing a get rich quick scheme. It is the company’s boiler room agents who use this misleading online content to get new clients to join eventually. 

Their goal, just like with LQDFX, is to steal as much money as possible, and they do this by phone, email or online chat services. It is possible to get the money back, but recovery requires the expertise of a professional.

Fake Reviews Drown the Truth

Examining the online testimonials with the TrustPilot platform, it’s obvious that the fraudulent firm is using review seller networks to post fakes. Comments talk about how trading is great, how quick and easy it is to earn money, and similar nonsensical topics.

The damning evidence of fraud here is not that there are satisfied consumers. It’s that there are no Fyntura.com reviews on any other notable platform, like SiteJabber for instance.

Appealing Terms Facilitate Scam

Not even the most popular and globally acclaimed brokerages can compare with this one. Too bad all their conditions are just a part of the false marketing meant to delude potential victims. Starting spreads are 0.7, while the other accounts have it at 0.0 pips. 

Commission is $2 at most, otherwise it’s either $1 or not charged at all. The same stands for withdrawals. Sounds too good to be true? That’s because it is! Standard leverage is 1:500, which pushes you into unplanned loss quicker.

Withdrawable Bonus? Not!

The 100% cash bonus added to deposits is withdrawable, as the site claims. However, if you read the rest of the text on that very page, it also says that it’s not withdrawable! However, the alleged profit you’d make using the bonus is available for payouts, which we also honestly doubt.

Don’t Bet Your Money On These Features

The problem with all these faux companies is that they don’t actually offer any actual trading. The features are only visually copied from legit companies, but don’t really work as they should. This makes them woefully inadequate even for practice, since the swindlers usually misrepresent the market data.

Seemingly Cheap Packages

Low costs, high leverage and cheap sign up requirements sure look attractive at first. That is, until you create a new Fyntura login and get to the client area.

The alleged Fyntura.com account types costing $10 are a total sham. The minimum deposit differs, with the tendency to increase up to $5.000. At that, the bundles do not clarify what options they feature, so we see no point in depositing anything at all.

Expensive Access to Web Trader

The Fyntura.com MT4 platform could be downloaded for desktop usage or accessed via web browser. Since we do not trust this nameless swindler, we advise all readers to refrain from downloading suspicious installation files in order to avoid malware. 

Secondly, accessing the web terminal is impossible, even if you choose a demo variant, because the error about demo creation keeps repeating. The live version is also unresponsive. While MT4 represents the peak of today’s technological solutions for online trading, it’s common to see it misused like this. 

Minute Asset List

The company is trying hard to mimic the actual trading asset information found with regulated brokers. The selection of instruments, however, is tiny.

Here’s what’s on offer:

• Forex – EUR/USD, EUR/GBP, USD/CAD, EUR/CHF
• Cryptocurrencies – USDC/USD, BTC/USD, ETH/USD
• Commodities – XAU/USD, XAU/EUR, USO/USD, 
• Indices – UK100, J225, AUS200, DCHI

No Withdrawal Disclosure

There’s no clear outline on which payment methods the firm accepts, or by which means you may request a Fyntura.com withdrawal. Now, there is some semblance of a Withdrawal Policy document, but this is just a quasi-legal paper packed to the brim with weasel words.

Without automatic payment processing, you must rely on your boiler room agent for any transactions. This might seem like an inconvenience for clients, but it’s all by design. Should you require help getting your money out of this platform, contact our professionals.

Uninformative Support

Friendly and kind, but with the most vicious tendencies in mind, the customer service via online chat will attempt to push you into reckless investing. You’ll quickly see through the mask once you start asking questions about their legal status. Another channel available for contact is email. 

Scammers Stole Your Investment? Contact Our Experts!

Everything about the Fyntura.com Forex trading service is actually a carefully orchestrated ruse. Be it advertisements, online contents, or simply the stuff you’ll hear from the company employees, it’s all a pack of lies.

Investing with an unlicensed firm carries significant risk to both your wallet and your online security. In the case you need help getting your funds back from these scammers, book a free consultation with our experts. We are available 24/7 for your convenience.

FAQ Section

What is Fyntura.com?

It is an unlicensed brokerage scam, promising quick riches to rookies with the end goal of stealing their money.

Is Fyntura.com Legit?

No, the company is completely illegal, as it has no registration, nor any sort of authorization or license for their business.

What is CipherTrace?

It is a cutting edge cryptocurrency transfer tracking software. Contact our legal team via the live chat to learn how we may use it to help you recover lost money.

Self-advertised as the world’s most powerful trading app, this total scam of an online trading portal has an insatiable appetite for Forex novices. 

At that, these miscreants claim to be a group of professionals, passionate for profitable trading. Why is that just a bunch of gibberish and how to protect your funds from such traps is revealed in our GBFX review.

FCA Exposes the Con

Being the diligent regulatory body they are, the Financial Conduct Authority quickly discovered a petty fraudster that’s trying to pass as legit as a firm. This mess of a company was previously claimed to be FCA authorized. Their supposed license number was 717714, which belongs to another firm, GB Finance UK Ltd, that has nothing to do with the GBFX regulation.

Now they’ve come up with a fake ASIC license number, which is 000123/456, according to the swindler’s homepage. All their tries to appear credible are pathetic failures and this company is undoubtedly a sham. 

If you want to enjoy proper fund protection, access to compensation plans and risk-reducing measures, make sure you choose a regulated firm!

That doesn’t just mean that any license would do, like we saw in the case of the unscrupulous Wiolin broker.

Fraudsters’ Deception Strategy

The GBFX scam, allegedly dating back to 2019, was actually created in October 2023. With the gbfx-intl.com domain being so young, it’s still early to see any GBFX reviews online.

Mostly, it works through the boiler room agents to attract new clients. They do this through unsolicited phone calls, chat messages and emails, similarly to how Mayrsson TG operates.

Here’s where their main targets lie:

• United Kingdom
• United States

Following a pre-written script, these agents make all sorts of extraordinary promises, with the get rich quick scheme being among the favored ones. Any invested money, unfortunately, ends up lining the swindlers’ own pockets. If you had a run in with these cybercriminals, contact our experts for help with recovery.

Trading Conditions Unavailable

The lack of transparency is painfully obvious with this one. Links to the legal documents are all inactive and just force the current webpage to refresh. The absence of legal papers isn’t the only red flag. 

If the company was so advanced and client-oriented, they’d be open with their real trading terms, but only fictitious values are given. For example, undefined commissions are 0.8% and leverage is 1:500. 

Loyalty and Referral Bonus

The presence of bonuses is another sign of fraud that you can’t ignore. A so-called Loyalty program awards clients with 1% on daily deposits. 

The other incentive is given in the form of a referral bonus: 5% of what your direct referrals deposit, plus 2% for the indirect referrals and an additional 1% for affiliates up to 5th generation.

Inadequate Trading Environment

It’s difficult to call GBFX International a forex trading broker. To be one, you’d have to have certain facilities that permit online trading, such as a functional trading app, for instance. You’ll find nothing of the sort here, and any idea of trading is simply an enticement for more investments.

No Trading App Available

Many of these con sites revolve around presenting an idea of trading to their victims, with the lie becoming obvious only after a deposit. There is no GBFX app to speak of, nor is there any trading amenity.

The charts you’ll see in the client dashboard don’t even relate to any trading information, or instruments. Instead, they showcase “annual sales” and “members count”, certainly not something expected from a broker.

Are There Any Instruments?

Mostly you will see some instruments sprinkled around in a few separate tickers or crawls, without any full disclosure. The information in these widgets is copied from TradingView, but it’s not exactly up to date, and lags significantly.

Here’s the information that appears on the site:

• Forex – EUR/USD, AUD/NZD, CHF/GBP, USD/JPY
• Shares – Apple, Tesla, Google

Of course, this is all a trap for your investment. Without a discrete trading app, you won’t be able to use any of these.

Unknown Account Parameters

The advertisements on one of the web pages say that you need to select your preferred type of an account prior to creating a GBFX login. This is simply not true, since there is no selection dialog, nor is there any information about different account types. You just create one, and that’s it.

This is more than you can say about GBFX demo – while there is a button that should lead you to the demo creation screen, it returns you to the top of the page instead.

Lackluster Education Materials

The provided education is about as informative as reading a wikipedia page, maybe even less. The different topics are arranged in a number of categories, or “classes” as they are called. These don’t address anything in depth, of course, since they aren’t really intended to teach you anything.

No Withdrawal Option

Although the cons promise swift and fast withdrawals with no fees charged, there’s no way to validate these foolish claims. Once we managed to get access to the user panel, there was only an option to deposit funds, without the possibility to even request a withdrawal. 

The only funding channel available is crypto, and you have to link your wallet upon signing up. All in all, GBFX withdrawals simply do not happen!

Support Doesn’t Care

Responding to the users’ appeals seems to be something not in this service’s job description. Besides the email, the only way to reach out to the so-called support team is via the online form. Neither is ever used or opened, so you can be sure your requests will be left ignored.

We Deal With Cyber Thieves!

If you want to fight back cyber cons and get back what has been stolen from you, you should get proper legal support in the process. Our chargeback professionals can advise you and guide you through the procedure, while supporting you every step of the way. Contact our chat agent and book your free consultation at any time!

FAQ Section

What is GBFX?

It is a potential clone of a FCA authorized company, trying to piggyback on the success of their legitimate competition.

Is GBFX Legit?

No, the company is completely illicit. It functions as a fraud call center, with no actual trading happening on the site.

How to Get Money Back From a Scam Broker?

Contact our chargeback experts! With our help, you can start a recovery procedure and get your stolen money back.

One of the first signs you should avoid this brokerage is their anonymous approach. RedStarChain expects you to throw away thousands of dollars, and they are not prepared to share their legal name. Neither do they reveal legal documents.

So, what could make you think you will earn anything with them? Let’s find out in this unbiased RedStarChain review how traders get tricked.

Legal Info: Is RedStarChain Legit Or A Scam?

To check the company’s regulations, we first have to know who runs the company. Since the legal name is not revealed, we’ll have to try our luck with their domain. Luckily, the company presents itself as UK-based, and the FCA filters allow us to do so. If you expected this broker to be a fraud, you were right. They were nowhere to be found in the FCA’s database.

Not only that, but they are not listed in any other top-tier regulated entity database. Consequently, features like negative balance protection, segregated bank accounts, and compensation schemes become highly questionable. If they were offering any, you shouldn’t trust it a bit.

Who Are RedStarChain’s Victims?

As can be seen, the company claims to have more than 300.000 users right now. Since their domain was registered in December 2023, we highly doubt it. Of course, RedStarChain reviews do not back up that story. 

Nevertheless, if you are coming from the following countries, keep your eyes wide open: 

• France
• Switzerland
• Begium

The company’s website has been published in English and French. This tells you there’s a possibility they are primarily targeting French speakers. Regardless of your language and residence, feel free to contact our refund specialists if you think this broker stole your money.

Traders’ Reviews

Since the company’s offer is quite suspicious, traders will most likely opt to see the reviews. Fairly, those look quite positive. Yet, all the accounts leaving those positive reviews on Sitejabber have 0 helpful votes. Also, that’s their only review. It all looks staged. 

Also, there are a few comments on Reddit you should also check. It appears the company has been offering auto-trading systems and social trading features. Nevertheless, if you know something about RedStarChain social trading or any of its features, leave a comment below. But if you want to recover your money straightforwardly, contact us directly for a refund consultation.

Leverage, Commissions, Spreads, Fees and Taxes

Another sign this company is not genuine is its leverage of 1:400. Bear in mind that all European brokers, according to ESMA, can offer a maximum of 1:30 to retail traders. You should withdraw your funds immediately if you get anything higher than that.

Another problem with the company is that they are not charging any fees. Neither do they disclose spreads or commissions. This should make you wonder how they make money then.

Bonuses

The answer to the previous question is through deposits. The point is to get as many deposits as possible. And one of the ways to accomplish that is with bonus deals.

Of course, to withdraw any bonuses, you have to reach a minimum trading volume of 25 times the deposit amount plus the bonus added. If you try it out, you will see it’s practically impossible. Anyway, to learn more tips, read our Everest Trust review.

RedStarChain Trading Features

The main problem with this brokerage is the RedStarChain RSC Trader. It’s a proprietary platform offering a wide range of services. As mentioned, the key feature the company promotes is social trading. But without regulations, who can put trust in those services?

Trading Platforms Available

Important to realize is that proprietary platforms can never be compared to cTrader or Meta Trader, primarily due to a lack of credibility. The company promotes a wide range of benefits. 

However, there are no download options or demo accounts to test it out. With this in mind, you should rethink your broker choices. Otherwise, the RedStarChain withdrawal procedure might be longer than you think.

Available Trading Assets

The company’s instruments offer is quite solid. With over 2000 assets, from RedStarChain stocks and cryptos to ETFs and options. Yet, without a license, it’s all worthless. Anyway, the options are: 

• Stocks – AMD, IBM
• Options – Tesla, Microsoft
• ETFs – Russell2000, QQQ
• Cryptos – BTC, LTC

Account Types

Surprisingly, all account types with this broker contain the same features. Which is quite odd since they require more and more money every time for a deposit. Yet, trading conditions still remain unknown. Anyway, the options are: 

• Beginner – $2.000
• Standart – $4.500
• Intermediate – $8.500
• Advanced – $45.000
• Integral – $100.000

Mobile Trading App

According to the presentation, the company offers apps available across all platforms. Yet, PlayStore and AppStore don’t have RSC Trader registered there. So, after completing the RedStarChain login procedure, make sure to research everything before depositing.

Demo Account

Another disadvantage of this brokerage is a lack of demo accounts. Obviously, they will lure traders to deposit as quickly as possible. They won’t give you enough time to explore all the options. 

But if you check any top-tier licensed firm, you will see a demo account as an essential. To avoid similar tricks with shady brokers, read our DCY Markets review.

Education

If you are looking to trade properly, adequate education is quite important. Sadly, with the RedStarChain scam broker, you won’t get any. Obviously, their goal is to make you use their fictive social trading options and make fictive profits. Only that way they can ask you for more money.

RedStarChain Withdrawal

One thing is sure about this broker. They will charge you withdrawal fees. Those would be $50 for wire transfers, $25 for credit cards and e-payments, plus $10 for card processing. If you think that’s all, think about it again: who are you working with?

In case you request a withdrawal before making a turnover of 200 times, you will be charged an additional 10%. But also, there can be all other possible fees this broker makes up. Get your nerves ready, especially since processing time is not revealed.

Customer Support

As can be seen, the company has been offering two contact options. Those are e-mail and UK phone numbers. If we can trust those, we highly doubt it. Primarily because the company doesn’t disclose working hours. But also, don’t forget they are not regulated.

Key Information To Consider About RedStarChain

Obviously, all warning signs lead to one conclusion – that you will get scammed by this broker. Firstly, they are not licensed and they present themselves as UK-based. In addition to that, the company is hiding trading costs, using a shady platform, and having quite hefty withdrawal fees.

But before even applying for any withdrawals, you can expect a wide range of obstacles. Anyway, if you experience a problem withdrawing your funds, don’t worry. You are not alone. Our refund specialists are there to consult you on your next step. Most importantly, without any obligations or costs for the first meeting. Don’t wait for anything, and book yours now.

FAQ Section

What is RedStarChain?

RedStarChain is an anonymous investment firm allegedly operating from the United Kingdom with more than 300.000 clients.

Is RedStarChain Legit?

Not at all. As a UK-based brokerage, the company should have an FCA license or TPR. Yet, they don’t. Thus, they don’t have any other licenses either.

How to Recover Money From a Scam Broker?

If you are transferring crypto, CipherTrace is your best option. But for card transfers, we always recommend a chargeback. In both cases, feel free to contact our experts for guidance.

From the advanced trading features this company offers, we were expecting finally something refreshing. However, all those features can’t be trusted for a single reason. Luckily, this Crypto Vortex review will reveal it if you keep on reading.

If you are one of those who are burned with calls, scamming tricks, and pressure from unprofessional agents, you are at the right place. Learn how to avoid even getting in those situations and how to recover money from those who got their hands into your pockets.

Legal Info: Is Crypto Vortex Legit Or A Scam?

As can be seen, the company presents itself as UK-based. To be precise, Manchester-based. Honestly, that’s refreshing since all swindlers claim to be in London. Anyway, the whole UK is monitored by FCA when it comes to financial activities. Companies must obtain a trading license or be on the TPR (Temporary Permission Regime) to operate legitimately in the country.

Note that this broker doesn’t have any authorizations. Sadly, checking other top-tier regulatory databases didn’t bring any good results either. If you like, you can check BaFin, ASIC, CFTC, IIROC, CySEC, and whatever other regulator you want. The results will be the same.

Who Are Crypto Vortex’s Victims?

Important to realize is that this firm doesn’t reveal any details about the founders, registration date, or legal names. Therefore, we have to rely on the company’s domain age to find out how long they have operated. It appears to be a bit less than six months. For this time, they have mainly targeted traders from: 

• United Kingdom
• France
• United States

Still, don’t forget the company is not authorized to provide services in any of these countries. So, if you are one of their victims, share your experience with our team that will help you with a solution.

Traders Reviews

If the company was any close to legitimate, they would be far more known than they are. So far, there are only 5 Crypto Vortex reviews on Trustpilot about the company’s services. And already, we have people who witnessed fraudulent activities.

Apparently, once you request withdrawals, the company starts ignoring you, which is a clear sign that you should avoid them. If you are going through a similar situation with this or PremiumFunds broker, let us know. Ultimately, our refund specialists can guide you through the recovery process.

Leverage, Commissions, Spreads, Fees and Taxes

Through all the T&Cs, the company mentions fee structure. Also, it appears to give you a direct link to that page. However, it doesn’t work, and all trading fees and costs with Crypto Vortex broker remain unknown.

However, the key concern is the leverage the company offers for CFD trading. Bear in mind that all top-tier regulators impose certain leverage limits. For instance, in the UK and Europe, it’s mostly 1:30. On the other hand, Canadian and US companies can offer 1:50.  

Bonuses

One of the rarely positive things about Crypto Vortex trading company is that they don’t offer any bonuses. Even though it might sound strange, bonuses are one of the tricks swindlers are using against innocent traders. 

We suggest you read our tips from the Margin1 review to avoid bonuses and other traps.

Crypto Vortex Trading Features

Generally speaking, the company advertises highly competitive features. Some of those are copy trading, trading bots, derivatives and margin trading, and crypto conversion services. Thus, without Crypto Vortex regulation, can we trust those?

Trading Platforms Available

Trading software can be quite important when it comes to choosing a broker. Usually, inexperienced traders mostly choose brokers with MetaTrader. More proficient ones favor cTrader or DAS Trader Pro. However, none of these matters if the company is not licensed. 

But to make everything even worse, the company doesn’t offer any of these. Instead, they opted for a web-based platform with charts provided by TradingView. Practically, such platforms are essential for losing money quickly.

Available Trading Assets

Among other hypothetically good features, the company also offers a wide range of assets. Besides regular ones, traders can also play with a wide range of perpetual markets, launchpools, lotteries, and NFTs. But the core of the business relies on: 

• Forex – USD/EUR, AUD/JPY
• CFDs – gold, NASDAQ, IBM
• Cryptos – BTC, LTC

Account Types

Another worrying detail about Crypto Vortex scam broker is that they don’t reveal deposit requirements. Neither do they have some specific account type classification. Therefore, all traders get the same conditions even though those are unknown.

Mobile Trading App

Generally, with brokers offering copy trading and other advanced features, mobile apps play a key role. Unfortunately, with this company, trusted iOS and Android apps don’t exist. 

Since they also offer crypto investing features and promote high-security standards, you can realize it’s all fake now.

Demo Account

Usually, when we see mysterious brokers, we prefer exploring their features through a demo account. But very often, demo accounts are not available. This is also the case with this investment company.  Thus, once you register with them, you will quickly realize there’s no reason to make any deposits.

Education

The company should have a rich educational program with all the non-conventional offers. Of course, this is if they want their traders to be successful. Since they don’t, you should look for education somewhere else.

Crypto Vortex Withdrawal

As can be seen from the poor T&Cs, Crypto Vortex withdrawal can only be processed through crypto. That’s enough of a big sign to avoid sending them any money. 

Nevertheless, processing time and withdrawal fees are not disclosed. But of course, the company can decline the request if some applicable law prevents the execution of it. That’s too many grey zones where they can manipulate traders.

Customer Support

When it comes to supporting, it’s obvious it’s all fake. The company’s address in the UK is fictitious, and most probably, so is their UK phone number. Other contact options are e-mail and web contact forms. Yet, you can only pray for a quick response without working hours disclosed.

Key Information To Consider About Crypto Vortex

Every single thing about this broker is suspicious. Starting with their features, legal information, withdrawals, and contact options. Simply, that’s the downside of unregulated brokers. Therefore, prepare your nerves for a wide range of obstacles.

Anyways, with all those problems expected, you have our refund specialists at your disposal. Feel free to contact us and book a free first consultation about refund options. You are not the first nor last who got scammed by these swindlers. But you shouldn’t be the first who would let it slip. Book your meeting now.

FAQ Section

What is Crypto Vortex?

Crypto Vortex is a mysterious investment platform for a wide range of products, presenting itself as a UK-based brokerage.

Is Crypto Vortex Legit?

Absolutely not. In the first place, the company lacks transparency. But that’s only possible due to missing regulations.

What is CipherTrace?

CipherTrace is a crypto tracking tool that allows institutions to track down crypto transfers and prevent illegal activities. Our team uses it for refunds. For more details, contact us.

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Ascend Angels Pte Ltd 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 Ascend Angels Pte Ltd to light recently. We aim to provide a fair evaluation with verified facts and data from reliable and trustworthy sources through our thorough Ascend Angels Pte Ltd review.

Ascend Angels Pte Ltd Website – https://www.ascendangels.com/

Website Availability – Yes

Address shown – 20A Tanjong Pagar Road, Singapore 088443

Warned By – Monetary Authority of Singapore (Singapore)

Domain Age of Ascend Angels Pte Ltd

Domain Name: ascendangels.comRegistry Domain ID: 2601776835_DOMAIN_COM-VRSNRegistrar WHOIS Server: whois.godaddy.comRegistrar URL: https://www.godaddy.comUpdated Date: 2023-04-05T08:59:55ZCreation Date: 2021-03-30T23:26:58ZRegistrar Registration Expiration Date: 2025-03-30T23:26:58Z

Ascend Angels Pte Ltd Review: A warning concerning Ascend Angels Pte Ltd issued by the MAS 

Ascend Angels Pte Ltd has received a warning from the Monetary Authority of Singapore (MAS). The warning indicates that Ascend Angels Pte Ltd may be operating without the necessary authorization or regulatory oversight from MAS. This lack of regulation raises concerns about the legitimacy and reliability of Ascend Angels Pte Ltd’s services. Investors are urged to exercise caution when dealing with Ascend Angels Pte Ltd and to verify the credentials and regulatory status of any financial service provider before engaging with them. Compliance with regulatory requirements helps ensure the safety and protection of investors in the financial markets.

According to Report Scam, Ascend Angels Pte Ltd is an unlicensed broker

Ascend Angels Pte Ltd has come under suspicion of being a scam, with concerns raised about its legitimacy. Despite the availability of its website at https://www.ascendangels.com/, caution is warranted due to the potential risks associated with engaging in financial transactions or services with this entity.

The company lists its address as 20A Tanjong Pagar Road, Singapore 088443. However, the warning issued by the Monetary Authority of Singapore (MAS) further underscores the need for vigilance when dealing with Ascend Angels Pte Ltd.

MAS serves as Singapore’s central bank and financial regulatory authority, responsible for ensuring the stability of the country’s financial system and safeguarding the interests of consumers. The issuance of a warning by MAS indicates that Ascend Angels Pte Ltd may be operating without the necessary authorization or may be engaged in activities that pose risks to investors or consumers.

Individuals should exercise caution and conduct thorough due diligence before engaging with any financial entity, especially if there are doubts about its legitimacy or regulatory compliance. Verifying the authorization status of companies, checking for any regulatory warnings or alerts, and seeking advice from trusted financial professionals can help mitigate the risk of falling victim to scams or fraudulent schemes.

In conclusion, while Ascend Angels Pte Ltd maintains a website and appears to have a physical address, potential investors or consumers should heed the warning issued by MAS and proceed with caution when considering any financial transactions or services with this entity.

Victimized by the Ascend Angels Pte Ltd scam? Get your lost money back!

Get a Free Consultation

If you are the one who got scammed by Ascend Angels Pte Ltd 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.

Ascend Angels Pte Ltd Review: Ascend Angels Pte Ltd Scam Conclusion

As the Ascend Angels Pte Ltd Review indicates, there are solid indications that Ascend Angels Pte Ltd may be a scam, and these worries are tough to dismiss given the characteristics and facts that are often associated with fraudulent organizations. Traders and investors should exercise great caution when selecting a broker, choosing a reputable, licensed, and regulated organization. Ensuring the legitimacy of a broker, seeking objective assessments, and conducting thorough research are all essential measures in preventing fraud and monetary losses.

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 Ascend Angels Pte Ltd review written above is influenced by the other Ascend Angels Pte Ltd reviews already on the web. We are not liable for any legal action from the Ascend Angels Pte Ltd company. In case of any query please mail us at info@reportscam.net.

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Metherworld 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 Metherworld to light recently. We aim to provide a fair evaluation with verified facts and data from reliable and trustworthy sources through our thorough Metherworld review.

Metherworld, operating through its website https://metherworld.com/, is currently flagged as an unregulated broker, highlighting potential risks for investors. The absence of valid regulation raises concerns about the legitimacy and adherence to industry standards by Metherworld.

The negative review on WikiFX, expressing dissatisfaction with the platform’s educational resources, further casts doubt on the credibility of Metherworld. The reviewer emphasizes the lack of useful content for forex and crypto learning, suggesting that the platform may not be suitable for investors seeking comprehensive educational support.

Investors are strongly cautioned to exercise vigilance when considering involvement with Metherworld due to its unregulated status. Regulatory oversight is crucial in the financial industry to ensure transparency, fair practices, and investor protection. The absence of such regulation can leave investors exposed to potential risks, making thorough research and due diligence imperative.

The negative feedback on educational resources adds to the skepticism surrounding Metherworld’s capabilities as a reliable platform for learning and trading. Investors, particularly those new to forex trading, are advised to explore educational resources offered by established and reputable brokers with a proven track record.

In light of the unregulated status and negative reviews, potential users should carefully weigh the risks before engaging with Metherworld. Seeking guidance from established educational resources and regulated brokers is essential to mitigate potential pitfalls associated with unregulated platforms.

Metherworld Website – https://metherworld.com/

Website Availability – Yes

Address shown – Estonia

Warned By – Not Recommended By Review Website Like Report Scam 

Domain Age of Metherworld

Domain Name: METHERWORLD.COMRegistry Domain ID: 2566197942_DOMAIN_COM-VRSNRegistrar WHOIS Server: whois.namecheap.comRegistrar URL: http://www.namecheap.comUpdated Date: 2023-09-19T12:07:00ZCreation Date: 2020-10-16T06:19:13ZRegistry Expiry Date: 2032-10-16T06:19:13Z

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

Get a Free Consultation

If you are the one who got scammed by Metherworld 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.

Metherworld Review: Metherworld Scam Conclusion

As the Metherworld Review indicates, there are solid indications that Metherworld may be a scam, and these worries are tough to dismiss given the characteristics and facts that are often associated with fraudulent organizations. Traders and investors should exercise great caution when selecting a broker, choosing a reputable, licensed, and regulated organization. Ensuring the legitimacy of a broker, seeking objective assessments, and conducting thorough research are all essential measures in preventing fraud and monetary losses.

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 Metherworld review written above is influenced by the other Metherworld reviews already on the web. We are not liable for any legal action from the Metherworld company. In case of any query please mail us at info@reportscam.net.

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FuturBTC backs their supposedly supreme trading offer with claims about aspiring to provide the best trading experience through simplicity. Therefore, they advertise a trading platform which they describe as comprehensive yet rich. 

Some trading conditions that are offered with that are questionable to say the least. Not only do they breach the Tier 1 licensing standards but they entirely benefit only the fraudsters. Such a trading environment is highly suspicious and unfair, especially from a UK-based brokerage. 

UK firm or not, FuturBTC appears to be completely unregulated in any shape or form. As a matter of fact, to boost their reputation among customers, FuturBTC uses another famous scam technique. This involves forged licenses and fabrications about regulation. Read all about it in our FuturBTC review ahead. 

Is FuturBTC Regulated By A Financial Authority?

Forging licenses and faking regulations are the easiest thing for a scammer to do. In fact, FuturBTC has a deal with a sham website known for counterfeiting licenses. Other fraudsters of this kind have also teamed up with this fake regulator to supposedly issue them credible licenses. 

The site we’re referring to is Crypto Conduct Authority. This site not only backs swindlers in their claims about regulation, but also issues forged licenses. These, of course, carry no meaning or value, considering that they do not come from a real regulator. 

The one and only regulator that is competent to license and oversee the UK brokers is FCA – Financial Conduct Authority. Currently supervising over 50 000 business entities in the UK makes this financial authority the main and leading regulator in this field. 

However, getting a license from FCA isn’t an easy thing to do. Especially for fraudulent entities like FuturBTC. As evident from the lack of company info, this is no example of a stable and long-lasting business conduct. Leading team at FuturBTC probably isn’t able to invest 730 000 GBP, how much is needed when applying for a FCA license.  

FCA certificate means the broker offers segregated bank accounts for safe-keeping of clients’ funds. Leverage is limited to 1:30, while FuturBTC offers as high as 1:200. Next obligatory features are negative balance insurance and compensation funds. Along those lines are also rules about absolute transparency and monetary reports in due time. 

Not to jump to conclusions too soon, we’ve also checked several other Tier 1 databases for the possible license of FuturBTC. But neither CySEC, ASIC, BaFin or CONSOB supervise this entity. FuturBTC is a sham through and through!

Where Does FuturBTC Mainly Operate?

FuturBTC scam actively preys on people from European nations. This is nothing we haven’t seen before, as many scam brokers, like Ikon CFD for instance, use the same region for their nefarious deeds.

Scammers have made their website opaque for a reason, and require a referral code to create an account. This way, the “outsiders” can’t access the site, and the news of fraudulent behavior is more difficult to spread. Instead, the people behind FuturBTC.Com rely on their own client base, coupled with fake personal reviews, to attract more victims.

If this seems familiar, it’s because Pyramid schemes work this way as well. A person who has genuinely good intentions will drag you down with them out of their own folly.

There is nothing more defeating than compromising the people close to you, so the damage FuturBTC deals is not just financial. If you feel like somebody has been pushing this sort of an agenda on you, please consider seeking our legal advice to help you with the problem at hand.

FuturBTC.Com is a relatively new scam, and has been launched in early 2023. These are the nations where this fraud is the most widespread:

• Switzerland
• United Kingdom
• France

What do Traders Say About FuturBTC?

One of the alarm signals when it comes to any company, and not just VASPs, is the complete absence of bad client testimonials. No matter how good a product, company or their service is, it is impossible that it fits every individual perfectly.

When you find a firm that seemingly excels in every aspect, it seems uncanny at best and suspicious at worst. FuturBTC is one such company. Wherever you see user feedback, you will never find bad scores.

If you look a bit deeper, you will notice how repetitive these alleged customer reviews are. Many of them have been put together from pre-determined blocks of text. It’s like with a used car salesman – they claim their 20 year old rust buckets are all in mint condition. We don’t believe this for one second!

FuturBTC’s Fees and Charges

No insight into the trading platform hasn’t helped us much in determining the trading costs at FuturBTC. Terms and Conditions, as a part of legal documentation, isn’t transparent about this trading circumstance either. 

Finally, the section of the website which should provide detailed info about account types and the options they feature is vague altogether. All things considered, FuturBTC shows no transparency when it comes to costing and the fees they charge.  

There’s a part of the website that should explain this domain, but it is also not informative in any way. FuturBTC only claims not to charge any fees for deposits, withdrawals and trading, but that is just unrealistic. All the broker leaves you with is a recommendation to call their support office if you want to know more. 

Bonuses

Just how untransparent the broker is about the costs, the same kind of attitude is displayed when it comes to bonuses. FuturBTC states how they do offer a welcome bonus. It entirely depends on the amount of deposit you’re willing to give the fraudster. 

However, nothing concrete is said about the bonus sum available or the additional conditions following it. By this we mean the malicious bonus clause, otherwise known as the trading volume requirement.  

Trading Features Offered by FuturBTC

Scam brokers can get away with offering seemingly incredible market prices and conditions. This is because they don’t in fact profit from their traders’ business success, but rather from robbing them blind. 

The trading conditions at FuturBTC will look amazing to any novice trader, and this is the reason why FuturBTC.Com is such a dangerous entity. With the number of cryptocurrency owners skyrocketing in recent years, many people who do not have a background in finance choose to invest with Crypto Coins.

Let’s take a moment to review what you can expect from this so-called Crypto broker in the few following paragraphs.

Trading Platforms Available

FuturBTC.Com features a webpage that will correctly introduce you to the problems of selecting a good broker with a reliable trading platform. They cite many different pros and cons, compatibility issues, different features to look for… And then offer you a Web Trader. It’s no different from what other scammers like EUFM offer.

If you are looking for a reliable online broker, we suggest choosing one that features reliable third party platforms like cTrader, MT4 and MT5.

Available Trading Assets

Nothing is simple at FuturBTC. The selection of trading assets is quite well hidden. The broker does mention Forex, different types of CFDs, and Cryptocurrencies, but they don’t elaborate on this.

There is no comprehensive list of trading instruments, and we couldn’t find expected commission or spread for trading these assets either.

The following list of instruments is the little information we could gather:

• Cryptocurrencies – Bitcoin, Ripple, Ethereum, Dash
• Forex – EUR/USD, AUD/CAD, GBP/EUR, CHF/USD
• CFDs on Stocks – PayPal, Tesla, Alibaba, IBM
• CFDs on Commodities – Gold, Crude Oil, Natural Gas, Cocoa
• CFDs on Indices – Dow Jones, Nasdaq, S&P500

Account Types

This is the part of the FuturBTC.Com that most overtly reflects their predatory nature. Although the main page of the site advertises low deposits of €250, on the account creation page we see something that directly contradicts this.

In reality, the cheapest trading account costs €10 000. This is insane especially compared to legitimate brokers that offer Micro accounts for as little as €1. Here is what they look like:

• Bronze – €10 000
• Silver – €25 000
• Gold – €50 000
• Platinum – €100 000
• Diamond – €250 000
• Premium – €500 000
• VIP – €1 000 000

Islamic Account

With FuturBTC, an Islamic account is also available. Unlike the main account types that we already reviewed, the Islamic account type does not disclose the deposit amounts. Trading conditions are similar to those in more high-end main accounts. For this reason, we believe that Islamic accounts are equivalents of Gold, and more costly accounts.

Demo Account

Unfortunately, the only trace of a demo account is an unverifyable claim from the FuturBTC website. As we mentioned before, account creation requires a referral code which we couldn’t obtain.

With regulated brokers, a demo account is an invaluable tool for market analysis and a risk-free test environment for rookies and professionals. Fraudulent brokers, on the other hand, use demo accounts to show unrealistic profits to their victims and hook them more easily.

Mobile Trading App

One of the advertisements on FuturBTC is about how their trading application has excellent compatibility with all mobile devices. Although this in itself is not a lie, we should remember that their trading application is the Web Trader. As we mentioned before, it runs from a Web Browser, and today all portable devices feature some kind of Web Browsing software.

Education

Education is allegedly available to FuturBTC.Com clients, but only when they have already created an account. For this reason we could not review the quality of their education materials.

It’s not like we can’t make an educated guess from our experience with these kinds of entities… Usually with scammers it’s just basic guidelines a 13-year-old can give you: buy low, sell high.

FuturBTC’s Withdrawal Process and Policies

In order to supposedly facilitate the funding process, FuturBTC allows deposits and withdrawals to be done through:

• Credit Cards
• Bank Wire
• Crypto 

Since we were denied access to the client area, we can’t confirm if all these funding methods are indeed available. Being an unlicensed brokerage site allows FuturBTC to manipulate the information and deceive customers however they find fit. That’s why you shouldn’t trust whatever claims they throw at you. That also refers to the promised withdrawal time being 5 (five) business days. 

FuturBTC further assures users they do not change any fees upon transactions. We have reasons to believe otherwise. Not being overseen by any authority gives FuturBTC just enough space to claim one thing then do another. 

It wouldn’t be a surprise if they had sudden fees occurring during transactions, trading, withdrawing and depositing funds. So pay close attention to this aspect when choosing your broker dealer.

Customer Support

Contacting the support team at FuturBTC works through an online form or phone number provided on the website. Most reputable brokers will provide an email address too, but also the concrete physical address of each of their offices. The location that FuturBTC has put up on the website seems fake, and it’s a question if anyone ever answers the calls. 

What is evident from the complaints issued against the firm is the difficulty in contacting support agents, which seem to ignore and deny the messages and calls. 

FuturBTC Review Conclusion: Key Information

Based on everything we managed to dig out on FuturBTC, they’re an unregulated and completely anonymous brokerage company. It seems that the website owners only enforced confidence and fake regulations to boost their reputation and credibility. With the attractiveness of their offer, we don’t doubt some less experienced traders may have fallen into the investment trap. 

If the same has happened to you, please contact us promptly so we can help you build an effective action plan. Taking the right steps in the right moment is key to recovering what was unrightfully taken from you. Don’t you want these cyber criminals to face justice for what they’ve done to you and many other honest traders? 

We’re sure you agree with us and will make the proper decision when it’s about battling scam. Our contact team will respond shortly and give you the advice you seek through a free consultation. All you have to do is reach out to us.

What is FuturBTC?

FuturBTC is a fraudulent brokerage website without a valid license. Because of that, we urge you to contact us promptly, in case you’ve already invested here.

Are My Funds Safe With FuturBTC?

Investing with a fake broker is not a lucrative way of doing business. Such entities cannot guarantee safety of funds, so investments are doomed to be stolen from traders.

Does FuturBTC Give a Deposit Bonus When Opening an Account?

Although the website isn’t transparent about the deposit amount or the conditions pertaining to it, FuturBTC still claims to offer the welcome bonus which depends on the amount you invest.