The WinBitX website looks tremendous. There are a vast number of trading assets and a fantastic choice of trading platforms, including MT4 and MT5. The minimum deposit is $250, which can be considered a standard. However, we still did some deeper checks on the broker in our WinBitX review to figure out whether this particular one is worth your money.

WinBitX Regulations and Security

After everything stated above, you would expect to see an address, company, registration number, and license. Something to point out you’re working with a legit company. However, none of these details are published on the WinBitX website. Unlike other scams, this company didn’t even try to defraud clients with a false registration. They left everything unanswered.

Since there’s no evidence of the headquarters or regulatory jurisdiction, we highly recommend avoiding WinBitX brokerage.

Fund Withdrawal Issues

Have you ever heard about an anonymous shady broker that pays the money out? Neither did we. Therefore, you can assume what kind of comments we’ve got from investors. Clients applied for a false ad, Bitcoin Profit, used by several other scam brands such as AroxCapital.

Once you fall for the pitch and invest any amount, the withdrawal will not be an option. The broker will suspend your account rather than pay what belongs to you.

Beware of the WinBitX scam and other brokers such as PKG Global, BankDeFX, and Konano.

Traders Opinion

Well, here we’ve been surprised. At first glance, WinBitX reviews look amazing. The broker has a score of 4.4/5 on Trustpilot, better than some of the regulated companies. Once we’ve checked these reviews, we saw they’re most likely fake. All of them are from the UK, from people that have this one review written. Sounds a bit odd, right? Especially since we know that the broker operates all around the EU, Australia, and South Africa.

We found some honest reviews we’d like to show you.

“Winbitx is a platform to scam people. I deposited into my trading account and I try to withdraw my money back after reading bad reviews abt them on play store but my money was not refund uptil now. BEWARE OF WINBITX

 THEY ARE SCAMMERS.

 ALL THE GOOD REVIEWS WRITTEN ABOUT THEM IS NOT TRUE. THE GOOD REVIEWS IS WRITTEN BY THEIR WORKERS. STAY AWAY FROM WINBITX THEY ARE SCAMMERS. GOD WILL JUDGE THEM FOR TAKING MY HARD EARN MONEY. CRIMINALS.”

How Does Online Trading Scam Work?

As mentioned, with WinBitX fraud, everything starts with the Bitcoin Profit ad. Clients are promised profit within a week if they only deposit a minimum of $250. Since the broker insists on crypto trading, you might be asked to deposit crypto as well, which we advise you to avoid.

After the initial deposit, some sort of account manager will come with more demand, selling you the story of an amazing investment opportunity. If you decide to go for it, you will transfer more funds to the broker.

Yet, once you want your money back, nobody will respond.

Scammed by WinBitX?

If you were scammed by WinBitX brokerage, let us know immediately. Our team of experts is ready to help you start the chargeback procedure.

But what is a chargeback?

This is a way to refund your card in case you have been scammed online. Our support team will explain the process after the evaluation of your particular case. Contact us now and bear in mind that the first consultation is free. Let’s get your money back!

What is WinBitx?

WinBitX is an online trading brokerage without a trading regulation.

Is WinBitx a scam?

WinBitX is a shady brokerage with no regulations or headquarters listed.

Is WinBitx regulated?

No, the broker has no regulations and hasn’t listed the owner, so that we couldn’t find the country of jurisdiction.

AXNEB does seem like a promising asset management company with a high return on investments (ROI). However, the question here is whether AXNEB offers a safe investment environment and does the company implement security measures.

Right off the bat, we found out that the company is not registered with the local regulatory authority. Therefore, you should first read our AXNEB Review before you invest in this scheme. 

Is AXNEB.com Legit or a Scam?

The AXNEB website claims that this business is based in London, UK. According to GOV.UK, AXNEB Ltd was incorporated on February 15, 2023. So is AXNEB legit? We don’t think so.�

First of all, we checked this address on Google maps but did not find any company on that location. But the biggest issue we have with AXNEB ltd is that the company is not regulated, i.e. registered with the UK’s Financial Conduct Authority (FCA).

In the UK, the FCA is the only valid financial market regulatory authority, meaning that all entities that deal with money and transactions must be registered with this body. AXNEB is not, which is why this company is not reliable.�

For that reason, why do not recommend that you invest in this unregulated asset management company. Avoid fraudulent proprietary companies such as SurgeTrade as well.

Where Does AXNEB Mainly Operate?

We did some research on our own but also consulted the data of sites such as similarweb.com for this section. Here are our findings:

• US;
• Germany;
• Vietnam;
• Russia;
• Brazil.

Per similarweb.com data, AXNEB’s website was visited around 104,000 times in March and 203,800 times in April 2023. Pretty impressive website traffic considering that it was created in mid Ferbuary this year.�

Nevertheless, around 21% of the visits are attributed to Russian traders. AXNEB assumingly tricked the majority of them, prompting the Russian regulator to react and issue a warning against this website, which you will see the next section. If you are among those who got scammed, we can help retrieve your funds.

A Warning Against AXNEB

As mentioned, many Russian users visited this website and probably invested money with this company due to promises of wealth. This drew the attention of the Bank of Russia, the main financial market regulator in that country.

The bank issued a warning against AXNEB on April 3, 2023. Now we must urge the FCA to do the same and warn traders and prevent them from investing money in an illicit business.

Trader Reviews

What about other AXNEB reviews, i.e. ones written by users themselves? We did not find complaints against the company on sites such as Trustpilot. However, it is suspicious that these reviews were written in early to mid April, just a month and a half after the AXNEB website was launched.�

That’s too short of a timeframe for those “users” to have profited. There is more material that indicates that AXNEB is indeed deceitful – this YouTube video, for example:

In the comment section, the author of the video and another user confirm to each other that AXNEB has cunning and unscrupulous practices:

Hmm…i can’t even login the site again… These guys are frauders. My money!!!

Reply:

Yeah.. they are Fraudsters. I warned everyone in my videos…

AXNEB Investment Strategies

Let’s make an overview of AXNEB’s investment strategies. According to the website, there are three options for new clients:

• Capital Boost – 1% daily return for seven calendar days, 107% ROI;
• Growth Gain – 1.5% daily return for 14 calendar days, 121% ROI;
• Smart Invest – 2% daily return for 21 calendar days, 142% ROI.

AXNEB even provided a profit calculator to supposedly make it more convenient for clients. The minimum investment is 25 $ and the maximum investment is 250,000 $.�

Accrual (accumulation or increase of payments or benefits over time) is every 24 hours and principal return (return of originally invested capital before counting any gains earned from the investment) is allegedly free of fee.

AXNEB encourages clients to invest in popular cryptocurrencies and fiat currencies by promising hefty ROI. However, assessing returns on a daily basis is a good lure but not realistic. The estimates on ROI are usually long term, not daily, which questions AXNEB’s competence.�

To reiterate, the company is not regulated so we do not recommend you trust these plans. Avoid ECforex as well, it’s another shady operator.

AXNEB.app

Despite a nice overview of the website content, there is no AXNEB app. This platform cannot be downloaded for mobile devices, meaning it is exclusively online.

Nevertheless, we still stand by our stance that AXNEB is not trustworthy. Contact us if this company trapped your funds. Avoid investing in this company or in shady brokerage websites such as EUFM.

Referral Program

AXNEB also runs a referral program, which entices traders and users to invite others to join in by offering lucrative commissions in return on each referral. The website says that these commissions will be immediately credited to the user’s account balance and can be withdrawn to the wallet or reinvested.

There are three levels of referrals that determine the commissions the user will be paid:

• Direct referral – 5%;
• Second level – 2%;
• Third level – 1%.

You always have to be careful when a shady company is offering a referral program since most of these are essentially Ponzi schemes. In this case, new AXNEB users invest crypto, which is then used to pay off earlier investors. The company tries to take your mind off of it by saying that “our expert team of traders will handle the work, while you enjoy the profits.”

AXNEB.com Withdrawal

According to AXNEB’s website, payments are made mainly via cryptocurrencies and converted to US dollars (value depends on value at time of transaction):

• ePayCore;�
• Ripple;�
• Dogecoin;
• Litecoin;�
• Ethereum;�
• USDT;�
• BNB;�
• Dash;�
• Stellar;�
• BitcoinCash.

The minimum investment is 25 $ while the minimum withdrawal amount is 5-10 $, depending on the payment method. The processing time for withdrawals takes up to 24 hours. A big disadvantage here is that the company does not accept payments directly via credit/debit cards and wire transfers, making a chargeback impossible.

Customer Support Service

The only way to contact AXNEB’s customer services is via one of the two emails on the website. There is no phone number, which is really suspicious, and not something you’d expect from a “legit” company.�

If you do decide to trust this dubious company, be prepared for unanswered messages and calls. As for other communication and marketing tools, AXNEB is active on social media such as Twitter, Facebook, Instagram, YouTube, and Telegram.

The Final Verdict on AXNEB

Our final verdict on AXNEB is that this low-level Ponzi scheme is not worth your hard-earned money. The company is not regulated, which is the biggest issue in our eyes. Furthermore, there are several users that have complained about AXNEB not enabling them to log into their accounts.

The essence of this investment scam is in the referral program that collects all the investments and then distributes small amounts of money to some users while AXNEB takes the lion’s share. Statistics show that when Ponzi schemes collapse, clients lose their money, which will inevitably happen with AXNEB. Do not invest!

If you have lost money to this investment scam, book a free consultation with us and learn how to get your money back!

What is AXNEB?

AXNEB is allegedly an asset management company but what this website really represents is a Ponzi scheme.

Does AXNEB Have a Referral Program?

Yes, AXNEB has a referral program, which is actually the main engine of this Ponzi scheme.

Are My Funds Safe With AXNEB?

No, AXNEB is not a regulated company, meaning you can easily get scammed and lost all your money.

We can all confirm that this firm has legitimately registered in the UK. If the ownership name truly belongs to them. Nevertheless, there are a few discrepancies about Sardis Markets that might reveal their true intentions.

Therefore, we suggest you read this Sardis Markets review carefully and let us know what you think about them in the comments below. For some additional tips, don’t miss out on our SwissCap and KitcoMarket reviews.

Is Sardis Markets Legit or a Scam?

Generally speaking, when a company claims to be registered in the UK, everything is easier. However, Sardis Markets documents don’t provide any relevant legal information. Instead, they just provide a registration certificate. And we should believe them in their word that it’s the right one. In any case, there’s an easy way to prove if the company is operating legally. We just have to check the FCA registers.

Sadly, searching for this trading company in their database didn’t yield any results. The same happens when you look for them in other regulatory databases like CySEC, ASIC, BaFin, or CFTC. This means the company’s activities are not monitored by anyone.

How Does Sardis Markets Work?

A fun fact is that there are no Sardis Markets reviews available. Therefore, company activities remain a mystery. Thus, with their leverage of 1:400, you can only imagine where it all goes. Not to mention, half of the company’s website is in Turkish and mixed with English. That tells you enough if their main offices are truly in England.

Nevertheless, the biggest issue we found is the free Forex signals they promote, which have an 85% success rate. These tiny details with unregulated brokers never end well. But let us know how that played out for you. Ultimately, if you experience problems, our refund specialists can give you advice on your next step.

Who Are Sardis Markets Victims?

Important to mention is that Sardis Markets broker claims not to offer services in Turkiye, the US, and the UAE. But also not in countries where they are not authorized to provide services. 

And if you check the company’s traffic, you will see most of it comes from: 

• Turkiye
• Montenegro
• United States
• Cyprus
• Canada

In fact, they are not authorized to provide services in any of these. Another problem is that the company’s certificate dates back to 2022. Yet, their domain was registered in April 2023. All in all, too many warning signs for so-called UK brokerage. So, if you face any issues with them, contact us as soon as possible for advice.

What Are Trading Platforms Available?

Another possible issue with this broker comes with its trading platform. Even though they offer Meta Trader 5, there’s also a proprietary platform available. So, you must be careful when trading to know which one you are using. 

Nevertheless, MT5 offers a wide range of possibilities, and it’s usually a good choice unless the company is not licensed, as in this case.

Is the Sardis Markets Mobile Trading App Available?

Indeed, the company provides links to MT5 iOS and Android apps. However, there are also proprietary apps available, and there are a lot of similarities with MT5. 

If you check the screenshots, you will realize they look exactly the same. And that’s a huge warning sign to avoid them.

What Financial Instruments Does The Platform Include?

If you are looking for a lot of investment options, this company got you covered. Thus, the reliability when you are trading those is quite questionable. Anyway, the following assets can be found in more than 90% of brokerages out there. Starting with:   

• Forex – USD/AUD, EUR/SGD
• Commodities – natural gas, crude oil
• Shares – Amazon, Tesla
• Indices – DAX30, S&P500
• Cryptos – BTC, DOT

Account Types Offered by Sardis Markets

Whoever created Sardis Markets account types didn’t think about benefits for traders. Instead, they just present benefits for themselves. Which can be seen through deposit requirements. In any case, traders can choose between: 

• Standart – $200
• Professional – $3.000
• VIP – $10.000

Can a Trader Use a Sardis Markets Demo Account?

As can be seen, Sardis Markets Forex company offers a demo account. Yet, that can also cause problems since you are leaving contact details to a suspicious company. 

Instead of choosing the Sardis Markets demo account, you may opt for a more secure and Tier 1 licensed firm.

Sardis Markets Fees, Spreads, Leverage and Commission

The key problem with this company is the leverage offered up to 1:400. This tells you they don’t operate under any European regulations whatsoever. In addition to that, the company advertises insanely high spreads with an average of 5 pips on standard accounts.

Keep in mind that the industry average is 1.5 pips for some currency pairs. Allegedly, other accounts include low commissions but still not précised how low. But with their ideology, this could be far more expensive than we expect.

Is the Sardis Markets Welcome Bonus Available?

This company has been offering highly suspicious bonuses. Even though these are not available if you choose maximum leverage, it’s still a valid offer. However, bonus offers are banned across Europe due to manipulative clauses. 

If you accept the bonus and experience Sardis Markets’ withdrawal issue, know there is a catch with it.

Is Sardis Markets Withdrawal Possible?

Important to note is that without the T&Cs, we are unable to check withdrawal policies. Even though the company claims to process withdrawals on weekdays at specific hours, that doesn’t need to be true.

After all, they are not licensed and can serve us with anything they want. In addition, the company doesn’t reveal any withdrawal fees or methods, so prepare yourself for surprises.

Key Information About Sardis Markets Broker

With Sardis Markets scam company you can expect a wide range of problems. If you didn’t invest with them, hopefully, you won’t after this review. But if you did and you can’t get your money out, let us know. Also, don’t forget to mention that to your local regulators who can investigate the company. And ultimately leave a warning for future traders.

In any case, the most important thing is to recover the funds. Some traders have thousands of dollars stuck with some brokers, mainly on crypto wallets. And that’s where our refund team gets into play. To find out what are steps to recover your funds, book your first free consultation with our team.

FAQ Section

What is Sardis Markets?

Sardis Markets is a highly suspicious FX and CFD trading firm that is allegedly operating from the UK but many details point out there could be issues with the company.

Is Sardis Markets Legit?

No. The company is not regulated by any authority especially not in the UK where they present to be registered.

What is a Chargeback?

Chargeback is a reversed card transfer that is completed after successful dispute resolution. For detailed guidance, feel free to contact our chargeback experts.

A massive security breach or an internal affair that cost the customers a total of $35 million? What’s it gonna be, Atomic Wallet?�

It seems that this unregulated exchange has been struggling with their slim security measures for a couple of years now. It just had to escalate at some point. The question is: who is really to blame? Read this Atomic Wallet review entirely and we will tell you.�

For starters, we’d like to introduce Atomic Wallet to our respective audience. Back in 2017, when crypto exchange still wasn’t fully regulated, Atomic Wallet emerged. Established by Konstantin Gladych and Charlie Shrem, this exchange was supposedly registered in Estonia. The purpose was to allow buying, staking and exchanging crypto. However, whether that’s true or not, the question about the regulation and proper license still stands. So read on as we search for what is really behind all this charade. �

Is Atomic Wallet safe?

The recent scandal which led to a loss of millions of dollars certainly suggests that this platform is not in the least safe or secure enough. We’d definitely support that assumption, given the fact that Atomic Wallet doesn’t provide any information about their legal status.�

While the website claims the company is registered in Estonia, we found no clues about it. According to the European Business Registry Association, EBR in Estonia operates through the Centre of Registers and Information Systems of the Republic of Estonia. However, Atomic Wallet, with their registry number, does not appear in the search results there.�

Neither are they found on the financial regulator’s database of licensed financial entities. FINANTSINSPEKTIOON allows you to look through their register of regulated bodies and Atomic Wallet doesn’t show up there, all search filters included.

This inevitably leads us to the single conclusion of this website not being properly protected and regulated. Because they do not implement the highest security measures dictated by Tier 1 licensing institutions, Atomic Wallet is experiencing problems every so often. It appears the security issues started back in 2021, when a significant number of users reported their funds were whipped out right from their wallets.

The occurrence of users losing their funds mysteriously has been happening ever since the company started offering their services. Atomic Wallet, by all means, fails to adequately protect their users and the funds. Such circumstances have led to the recent fiasco which Atomic Wallet has labeled as a security breach in the form of hacking.�

The criminals engaged in this action have snatched more than $35 million from the customers. The biggest single loss amounted to a little over $7 million. Was this really the work of an external enemy or Atomic Wallet owners themselves, or whoever runs the exchange? Time will tell. It’s all the same for the investors that have lost entire life-savings.�

For now, be wary of crypto scams in any form, as there’s countless ones going out there. If you truly wish to invest in digital coins without worry, you should only choose regulated service providers.��

Atomic Wallet Countries of Service

The recent breach of Atomic Wallet’s security measures is not the first such incident this firm and their clients had to cope with. Nevertheless, the company was well trusted on an international scale, and they have been conducting a successful business since 2017 on a global scale.

This is why it’s exceedingly important for any exchange to be properly regulated. Now that the money is gone, the victims of this mass hack have nowhere to go, as they cannot rely on insurance to reimburse their losses. It’s a sad affair either way, and we do not see how Atomic Wallet could recover their reputation after this scandal.

Most of Atomic Wallet’s clients reside in one of these nations:

• United States
• United Kingdom
• Germany
• Canada
• France

What Do The Traders Have To Say About Atomic Wallet?

When we look up the client testimonials about Atomic Wallet, we can see that the users of this platform are very satisfied overall. A large majority of clients gave them an excellent score of 5-stars, and the representatives of Atomic Wallet regularly respond to most of the reviews.

We can’t really ignore the past and the most recent problems with the company… Lately, all of the clients have posted their reviews to serve as a public bulletin board, warning others to withdraw their funds before another hack happens.

Let’s have a look at some of these mixed reviews:

Best wallet going. I made a bonehead error and could have lost a lot of money. Not with Atomic, they helped me recover my funds in three days. Coinbase has been over a month to reset my sms#. All my transactions have been fast and efficient.

Little slow or trading and such. Rest is great. Could use a few UI options to make it a bit more customizable like Exodus does. It’s not necessary but nice to have.

The wallet is not secure.
They do not want to take responsibility for what is happening. Almost all the money was taken from my wallet. Major currencies have withdrawn everything. My loss is 30.000$

Things You Need To Know�

Besides the claims of not charging extra fees, Atomic Wallet isn’t overly transparent about their conditions of exchange. Such lack of transparency vaguely reminds us of another unregulated crypto exchange – KoinDeFi.�

However, the company does declare itself as not obligated to pay the mining fees and transaction costs. These are entirely the responsibility of the client. The rates and the buying services are powered by a third-party provider, which, in its own sense, could be unreliable and risky to use.�

When we wanted to download the platform to our desktop machine and read the values and trading costs from inside of it, we first had to enter an email for subscriptions. But then the download was never initiated. It could be, due to the recent events, that Atomic Wallet is preventing newcomers from joining at the current time.�

Atomic Wallet Features

With years of excellent service, this Exchange has grown to become a powerhouse in the industry. Currently, they provide the ability to purchase or sell Cryptocurrencies, as well as exchange different Crypto coins.�

One of the more prominent features is the Stake option, which allows you to stake your Cryptocurrencies and receive revenue based on the price change. This would be a good opportunity for an investment in the Crypto market, were it not for the security lapses this Exchange has displayed in the past.

Available Software – Supported Devices by Atomic Wallet

Atomic Wallet uses their own proprietary software for all the features. The application in question holds the same name as the company propper, and receives regular updates. Quality of the software notwithstanding, some cybersecurity experts have been posting warnings online about the poor security of this application.

Even as flawed as it is, it could still be more functional than what some of the regulated exchange platforms offer, like GSTrade, for example. Unfortunately, we weren’t able to download the software at the time of writing this review.�

The main security feature of the Atomic Wallet is that the wallet keys are stored locally on the device, with one side encryption and no MultiSig. It is exactly this flaw that has been exploited time and time again by different groups of hackers.

Atomic Wallet applications can be run on most current operating systems, including Windows, Linux and MacOS. It is available to download through the Atomic Wallet website.

Mobile Trading App

The software support for Atomic Wallet does not end with personal computers. Their application is available for all current mobile devices. This includes Android and iOS. You may download the application through Apple Store and Google Play, or directly through the Atomic Wallet website.

Supported Assets

Atomic Wallet supports a large number of different assets that use different Blockchain implements. This does not only include Cryptos, but others like NFTs. There are more than 1400 different assets to exchange at Atomic Wallet.

Let’s have a look at a short list of different assets now:

• Coins – Bitcoin, Cardano, Ripple, Ethereum
• ERC20 – Amp, Stella, Balancer
• BEP20 – Mobox, SafePal, Vai, Vibing
• TRC20 – Just, BitTorrent, Sun, Zimbocash

Atomic Wallet Academy

Atomic Wallet Academy is a very well developed concept of education. It includes pretty much everything that you’d like to know about different cryptocurrencies, split into easily to digest chunks. It contains articles that go in depth about every topic, and are divided into different subsections and FAQs.

These articles are grouped into a number of sections about Blockchain Reviews, Crypto basics, Security and Crypto Glossary. That said, the interactivity with these articles is minimal. There are no webinars, or online videos to play.

Atomic Wallet Pros and Cons

Despite the comprehensive tools and an array of tradable products, Atomic Wallet still doesn’t own a proper license. Without it, the website cannot guarantee you absolute safety of funds. The fact that the highest security standards are not implemented is an additional reason for worry.�

With a total of 1400 assets to choose from, Atomic Wallet has an admirable pallet of instruments available. However, without the necessary security measures implemented, the trading conditions can be the most attractive ever, yet not reliable enough to motivate users to invest.�

How To Withdraw Money From Atomic Wallet

Cryptocurrency can be withdrawn from Atomic Wallet at any time by using separated Crypto Wallets for direct Crypto Transfers. Should you wish to withdraw in Real Currency, your funds may be exchanged at a given rate, and deposited on the Bank Account of your choice, per Anti Money Laundering agreement. One thing you should note is that Atomic Wallet does not have a separated legal document which outlines the Withdrawal Policy.

Although we do not wish to encourage fear mongering and spread panic, it would be wise to consider withdrawing your assets as soon as possible because of the evident lapses in security at Atomic Wallet. If you believe you have already lost a part, or the entirety of your investment, feel free to contact our legal experts through the Live Chat on our website. This ensures the quickest response from our Legal Team.

Customer Support

Yet another proof of lack of transparency at Atomic Wallet is the insufficient ways of contacting support. From a company that claims to be one of the world’s leaders in crypto exchange, you’d expect their customer service to be easily accessible.�

Instead of having at least several channels through which you could send your inquiries and requests for solving issues, there’s just a single online form. Needless to mention, heavily regulated financial services providers always enable callback requests, emails, a couple of phone numbers and even physical addresses of their offices. These are not supported by Atomic Wallet, unfortunately, and only because of this we rate their customer support below average.

Final thoughts About Atomic Wallet�

What we’d like to point out as a most concerning circumstance that revolves around the whole Atomic Wallet concept is the fact that they’ve never been licensed. That, in essence, is enough for them to earn the title of a scammer. Although the company has been relatively successful at what they do, the security is far from impressive or stable enough. Numerous customer complaints and scandals spurring from lost funds issues witness that.�

So, in accordance with our discoveries about this firm, we’d not be surprised to hear you’re having troubles, as well. In case of Atomic Wallet not willing to restore your investment or if you suspect a defrauding has taken place, please, feel free to get in touch with us.�

Our team of legal experts is here for your any issue. While the first consultation is free, the little thing we’d ask in return is any knowledge or info you have on this or any other scammer. If you’d like to share it with us, it would mean tremendously for our cause.�

What Is Atomic Wallet?

Atomic Wallet is a well trusted online exchange for blockchain-type assets. They have been in service since 2017, but have experienced a number of security issues over the years. If you are one of the customers that’s having issues with this firm, we can help you.

Is Atomic Wallet Regulated?

Atomic Wallet is not a regulated entity. Although they might be conducting an honest business, they lack many of the important safety standards that are now required from a crypto exchange.

Is My Money Safe With Atomic Wallet?

Although this company has a good reputation online, you should remember that Atomic Wallet is not a regulated entity. The recent security breaches have undermined the public confidence in Atomic Wallet significantly.

24Trades seems to be another typical boiler room. The firm has never disclosed its owner or legal jurisdiction, not to mention any regulations. Read our 24Trades review to find out all the details.

�

What about the 24Trades Regulation?

In the About Us section, 24Trades claims to be owned by 24Trades Financial Group, based in Switzerland. However, this firm doesn’t exist. To provide financial services from Switzerland, the broker ought to have a FINMA license, which is one of the firmest regulations. Thus, we highly suspect that 24Trades even bothered to apply.

Why Is It Important For A Broker To Be Licensed?

Every investment firm has to be regulated and controlled by a higher authority. Similar to banks, insurance companies, and other financial institutions, brokers need someone to supervise their activities and ensure that the business is done accordingly.

Since 24Trades is allegedly based in Switzerland, it should have FINMA regulation. However, as the company owner is false, not surprising to learn that FINMA has never issued a license to 24Trades or 24Trades Financial Group.

In furthermore to the foregoing, we definitely advise you not to invest in the fake brokers FiboTraders, CapitalCore, and Arkcoin.

Traders Reviews About 24Trades

24Trades have mainly negative reviews. Clients describe everything they go through with this fraudulent firm. For instance, the broker prompts clients to pay money in advance for alleged fees and taxes so that the withdrawal request would be approved. Yet, even upon paying, clients never saw a penny back.

How Reliable Is 24Trades Broker?

24Trades is a scam brokerage. The firm hasn’t disclosed any basic information about headquarters and legal jurisdiction. It’s a well-known boiler room you should avoid at all costs.

What Platforms Does 24Trades Offer? – Available Trade Software

Clients can trade on the 24Trades proprietary WebTrader. Many shady firms offer this same software, and there’s nothing special about it. Besides basic functions such as trading asset view and several charts and indicators, this platform has nothing.

If you want to start trading, ensure you find a legitimate broker with MT4 or MT5. This investment platform offers many trading tools and provides funds security.

All About 24Trades Accounts

Here’s a trading account overview if you’re still interested in trading with 24Trades.

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

Accounts differ in spread, leverage, commissions, and customer service availability.

24Trades Broker – Countries Of Service

According to our research, the 24Trades trading scheme is mainly active in:

• Canada
• UK
• Germany
• Austria

24Trades Range of Trading Instruments & Markets

The broker offers trading on all 5 major markets, including:

• Currency pairs – EUR/USD, GBP/USD
• Commodities – gold, oil, sugar
• Indices – NASDAQ, Dow Jones
• Shares – Amazon, Google
• Cryptocurrencies – BTC, XRP, ETH

Besides, noted the names of the Trade Union, Strategic FX and Fin Venture trading scams and avoid them at all costs! By the same token, always analyze the background of online trading companies before investing!

24Trades Minimum Deposit

The company requires a pretty standard initial deposit of 250 EUR. However, many legitimate firms have Micro accounts starting with as low as $10. Thus, there’s no reason to risk 250 EUR with a shady illicit firm when you can test the system and your skill with a safe broker and a lower minimum deposit.

Scam Bonus Policy – As A Way To Keep Your Money

 If you accept any 24Trades bonuses, you’ll have to comply with the malicious Bonus Policy. According to it, a client cannot submit a withdrawal request before reaching a rollover of 25 times the deposit plus the bonus amount.

This clause was made to prevent customers from getting a payout. Besides, many will invest more funds to reach a rollover sooner, but even then, they’ll not see their money back. This scam firm will simply come up with a new reason not to approve a withdrawal request.

24Trades Unfavorable Trading Conditions

As’s the case with many scammers, 24Trades has unfavorable trading conditions as well.

Leverage and Spread

While EU and UK regulators have set a leverage limit of 1:30 for the Forex market and only 1:2 for crypto, 24Trades provides up to 1:500.

The spread starts at 0.1 pips, and there are no commissions. Since the broker has no legitimate way to earn money, it’s clear that their utmost goal is your entire deposit.

24Trades Deposit, Withdrawal Methods, and Fees

The firm accepts the following payment methods:

• Debit/credit cards
• E-wallets
• Bank transfer
• Cryptocurrencies

However, there are some hefty withdrawal fees. For instance, you’ll have to pay 50 units for each bank transfer withdrawal and 25 units for cards and e-wallets. On top, there’s an additional $10 processing fee for the latest method. 

Cryptocurrency Deposit Risk

If you want to deposit via crypto, it comes with certain risks. Crypto wallets are anonymous and transactions are encrypted. If you want to reverse the transaction later, it’s quite challenging. That’s why scam brokers are exploiting this payment method often.

We always advise investing with your credit card as you’re entitled to a chargeback within 540 days.

Scammed by 24Trades Broker? – Let Us Hear Your Story

If you were scammed by 24Trades, let us know. Our chargeback specialists may be able to assist and help you get your money back.

But What Is A Chargeback?

This is a way for your bank to recover funds directly from the merchant. Contact us via online chat to book a free consultation; tell us your story, and let’s start the procedure before it’s too late.

What Is 24Trades?

24Trades is a fraudulent online trading Forex and CFD provider.

Is 24Trades a Scam Broker?

The firm has never disclosed its owner or headquarters.

Is 24Trades Available in the United States or the UK?

The broker provides services in the UK but doesn’t operate in the US.

Does 24Trades Offer a Demo Account?

No, 24Trades does not offer a Demo account.

A short glance at the broker’s website told us all we need to know. We are dealing with a hard-core scam. And that’s why we decided to expose everything, so nobody will ever fall for the Zeyfex scam again.

Read our Zeyfex review and find it all out.

Zeyfex Regulation and Security

Zeyfex is a brand of Zeyfex Ltd, allegedly based in Seychelles. It was quite a drama for us to resolve where the broker is from. In Terms and Conditions, they stated the company operates under the laws of Seychelles and has another entity in Saint Vincent and the Grenadines.

However, the broker does not have a regulation despite sad attempts to present itself as a CySEC and ASIC regulated brand. In the FAQ section, we found claims the company has regulations and is owned by a financial group from Cyprus. Do not fall for this well-organized scheme.

Fund Withdrawal Issues

As expected, an offshore brokerage without basic information makes clients have severe withdrawal issues. Since Zeyfex minimum deposit is $0, we are not sure how they expect anyone to start with them. According to Zeyfex reviews we found, once a client gets a call from the company’s support, they’re being asked to deposit in accordance with their financial situation. That’s the reason this broker does not list an explicit minimum.

Once you make your deposit and want a payout, it’s nearly impossible to get one. Beware of the Zeyfex scam and other brokers such as BSB-GLOBAL and Finetero.

Traders Opinion

If you try to find what other traders think of Zeyfex broker, the answer is nothing good. Since the broker is ignoring clients and their withdrawal requests, they have to say that Zeyfex is a scam. We believe so. After reading how broker does not allow clients to get their money, block their phones and emails, as well as their trading account, what else is left to say.

Do not deal with this fraudulent operation.

How Does Online Trading Scam Work?

Zeyfex and many other offshore scams are operating the same way. Posting an ad showing you rich life, luxury, cars, travels, etc. Once you submit your application, the company’s employees are calling you for the initial deposit. As explained, Zeyfex initial deposit is not determined, but employees give you an amount after evaluating your financial situation.

If you want a withdrawal, the broker is suspending your account, and your communication will stop.

If you recognize yourself here, get in touch with us immediately.

Scammed by Zeyfex?

Suppose you were involved with Zeyfex, a high chance you’ve been scammed by this illicit brokerage. In that case, you need to report it as soon as possible and request a chargeback immediately.

But what is a chargeback? This is a way to refund your card in case you were scammed online. Do not hesitate to contact us via chat and tell us your story. Our company has years of experience dealing with fraud, and we would be glad to assist you.

What is Zeyfex?

Zeyfex is an online trading brokerage without a regulation based offshore.

Is Zeyfex a scam?

Zeyfex broker has no regulation and has terrible security problems, according to reviews.

Is Zeyfex regulated?

No, Zeyfex is not regulated by any authority body for providing financial services.

According to the company, TradeBetta, an investment firm, operates from the UK under the ownership of Trade Betta LLC. Hopefully, we will see these details backed up with facts.

After going through the entire website and some regulatory databases, we highly doubt it. But we’ll avoid jumping to conclusions and present you with all the key details in this TradeBetta Review. Make sure to read it carefully!

Legal Info: Is TradeBetta Legit Or A Scam?

The first thing you notice about this company is that they present themselves as a UK-based firm. Yet, none of the registers in the United Kingdom reveal their existence. Neither does the company reveal registration details. On top of that, as an investment firm, the company should have an FCA license. And yet, they can’t be found in the FCA register. So, what does this tell you?

It only reveals that the company is not fully transparent with any of its customers. However, they expect you to trust them on their word. For instance, to provide strong security. Or use the best payment option – cryptos. Or that the company has 369k active accounts. In reality, none of this is true.

Who Are TradeBetta’s Victims?

Since the TradeBetta reviews practically don’t exist, it’s quite hard to determine what are their target areas. But the website traffic analytics lead us primarily to two countries: 

• Cyprus
• United States

And now we have to mention discrepancies with this firm. Isn’t it strange that the company with 369k clients has no reviews? Not to mention offering investment services in countries where regulation is mandatory. All in all, you shouldn’t trust these things because if they were true, they would be far more popular. But also licensed.

Anyway, if you get caught in this scam, feel free to reach out for refund assistance. And don’t forget to leave your comment below with your experience with this firm. Be helpful to other potential victims.

Leverage, Commissions, Spreads, Fees and Taxes

It’s important to realize that TradeBetta investment firm doesn’t reveal any trading costs whatsoever. Practically, you just invest a certain amount of money, and without any fees they make it work out for you. 

If you think about it, how do they pay for access to markets, their investment fees, etc? Only with your money — if they are doing it at all. But most likely, you are just transferring money straight to their pockets.

Bonuses

As can be seen, TradeBetta pricing plans don’t reveal any bonus deals. To be fair, is there a need for that if they can make you a fortune while investing with them? Definitely not. But still, bonuses can be a good trick to extort more money from customers. 

To learn some more tricks, make sure to check our Globalinwest review as well.

TradeBetta Trading Features

Just briefly mentioned, we can realize that TradeBetta plans might include the auto-trading feature. The company advertises a system picking trades for you. That’s never a good sign, and it mostly doesn’t end well. Primarily because the company itself often manipulates those systems.

Trading Platforms Available

When it comes to the trading platform, the company only provides a web-based dashboard. That’s where you can track the company’s current investments and your balance. 

Thus, with the company’s low transparency, there’s a high chance that the whole platform is completely fictive.

Available Trading Assets

Since traders are not trading themselves, a wide range of assets is not quite necessary. If the company knows what they are doing with what they have. That’s why we can’t make it as a bad thing that the company only offers investments in: 

• Forex USD/AUD, EUR/JPY
• Stocks  Amazon, Tesla                                                         
• Cryptos (mainly cryptos)  BTC, ETH, LTC

Account Types

The company’s account types differ only in the minimum deposit requirement and the tradeable assets. Still, all the crucial trading information, like fees and commissions, remains unknown. Anyway, the options are:

• Stocks – $1.000
• Forex – $2.500
• Cryptos – $500

Strategically they have made cryptos the cheapest. This way they make sure you choose the option with the lowest risk and the one that works for them the best.

Mobile Trading App

The company has allegedly been offering mobile access to the platform. Thus, it’s not through trusted iOS and Android apps but a web browser platform. This tells you how good their technology and development are.

Demo Account

Overall, investment firms rarely offer any risk-free or trial programs. Either you trust them or not. But you will often have many reasons not to trust them at all. 

In any case, for trading on a demo, we suggest you choose any Tier 1 licensed brokerage to avoid any surprises. But before that, make sure to read our Cosetek review.

Education

Another downside of this company is a lack of educational programs. Yes, you trust them with the money. But how can you understand anything they say to you? You can’t unless you are properly educated. And that’s exactly the catch. They want their clients uneducated so they can swindle them around.

TradeBetta Withdrawal

As a result of missing TradeBetta regulation, you can’t see transparent legal information, T&Cs, or withdrawal policy. The company is simply not obligated to share any of these. Therefore, the withdrawal procedure becomes even more complicated. Especially since the company mainly promotes crypto transfers.

If the TradeBetta scam company comes up with a non-sense excuse to decline withdrawal, there’s one thing to do. Apply for a refund immediately.

Customer Support

Generally, the company’s support options and working hours look promising. From Monday until Saturday, between 8 AM and 5 PM, you can reach them via phone, e-mail, or live chat. 

However, with a lack of reviews, it’s hard to determine if the company’s support is useful at all.

Key Information To Consider About TradeBetta

The key problem is the TradeBetta withdrawal. The company lacks regulatory oversight and transparent legal documents. Consequently, anything is possible. Not to mention, the company claims to have almost 370k clients and zero reviews. Things simply don’t add up.

Therefore, we strongly advise you to request a withdrawal immediately. In case you have trouble with it, contact our refund experts for a free first consultation.

FAQ Section

What is TradeBetta?

TradeBetta is an investment firm operating under the ownership of Trade Betta LLC, which is allegedly based in Nottingham, UK.

Is TradeBetta Legit?

No. The company operates without a license, transparent legal documents, and registration details.

How to Get Money Back From an Investment Scam?

Since this firm is polarizing crypto transfers, you will most likely need our CipherTrace tool access to track your crypto transfers. For more details, feel free to contact us.

Bitmart Pro primarily doesn’t reveal any ownership details. They are not even fully transparent with legal documents. So, you quickly realize that they are hiding something. But we couldn’t expect anything more from a company that exists only for a couple of months.

To see what exactly is not legit about this exchange, read this Bitmart Pro review carefully. But also, don’t skip our PrimoTrade review to find the tricks that brokers are using. 

Legal Info: Is Bitmart Pro Legit Or A Scam?

So to clarify, in the first place, Bitmart Pro claims to be regulated by MSB (US). Indeed, Bitmart LLC is in their register. However, it’s linked to a legitimate exchange, not this fake one. 

Not only that Bitmart Pro is not in the MSB register, but also not in any other, starting with FCA, BaFin and ASIC databases. So, whatever this clone firm tells you, ignore it. It’s all designed just to get your money.

Who Are Bitmart Pro’s Clients?

According to who.is, the Bitmart Pro domain exists only since February 2023. For that time, they managed to trick traders all over the world, but primarily the ones from: 

• Romania
• United States
• United Kingdom
• Turkiye

Therefore, we strongly advise you to do your due diligence before investing any money in shady exchanges. But if you already did and found something wrong, get in touch with our experts for advice.

Traders Reviews

Another warning sign about Bitmart-pro.com is its reviews on Trustpilot. There are already 7 comments and 90% of negative ones. Mainly pointing out that this company is an absolute scam. If you think so as well, let us know. Ultimately, our team can advise you about your further steps.

Investment Costs With Bitmart Pro

The company claims to have very low fees. However, those are not disclosed. Therefore, you are trading with them completely blindly. Also, the company doesn’t reveal transactional fees, withdrawal fees or any other. Yet, they would still tell you they are licensed.

Bonuses

So far, there’s no mention of bonuses. However, scam companies tend to use those as the last trick from the sleeve. Mostly to keep your money for themselves.

Bitmart Pro Trading Features

Bitmart Pro Exchange claims to offer a proprietary app. Yet, the app is not listed on trusted stores. Also, their download option on the website doesn’t work. So, what you can expect is a poorly designed web-based platform. Ultimately, be careful with those because manipulations can happen on every corner.

Is Bitmart Pro Legit?

Absolutely not. The company is trying to imitate legitimate exchange. On top of that, their whole offer seems to be fictive. Generally, there’s nothing positive that should attract anyone to invest here.

Available Trading Assets

Bitmart Pro Investments are based on cryptocurrencies. However, this company is far from a legit exchange. Instead, be careful if you are sending money straight to their pockets. Also, there are Bitmart Pro Futures, but also very suspicious like everything else. Anyway, their offer consists of: 

• BTC
• SOL
• DOGE
• ATOM
• XMR and more

Account Types

Unlike trusted exchanges, Bitmart Pro Scam company doesn’t offer any account types. Seems like everyone gets the same conditions the whole time. If those are also real in the end.

Mobile Trading App

Apparently, the mobile app is available. Thus, there’s no download option. Neither there is a link available that leads to PlayStore or AppStore. Therefore, we suggest iOS and Android traders stick with trusted companies.

Demo Account

A demo account with Bitmart Pro is a science fiction. As can be seen, the company is hiding all of its flaws. Therefore you can’t expect insight into the platform before you register with them. But even then, you don’t have virtual funds to try it out. After all, don’t let a demo account trick you. To see why, check our 12Trader review.

Education

Above all the mentioned flaws, this company doesn’t offer any educational package. So, anyone new in the crypto world doesn’t have any material to learn from. Not to mention live sessions or advanced tools.

Bitmart Pro Withdrawal

Considering missing regulations and non-existent conditions you can expect withdrawal problems. Especially because there are no transparent Bitmart Pro fees or withdrawal policies. Moreover, they only accept crypto payments. Which just adds up to their anonymity.

Customer Support

Another key fact is that the company doesn’t have reliable customer service. The only available contact option is their e-mail. So, if they find it suitable not to respond to you, they don’t need to. After all, you are on your own.

Key Information To Consider About Bitmart Pro?

The first thing you notice is that Bitmart Pro Trading is only based on lies. Primarily, they are poorly trying to clone a legitimate firm. Is there anything else necessary for you to avoid them? If that’s not enough, think about shady software and mysterious fees. But also, minimum contact options.

So, everything tells you to avoid this company. But if you didn’t for some reason, you better start the refund process immediately. Luckily, our CipherTrace software might help you with it. On the positive side, our refund team can give you advice and a first free consultation. Your job is just to book the meeting. Get in touch now to book yours!

FAQ Section

What is Bitmart Pro?

Bitmart Pro is a completely anonymous crypto exchange operating since February 2023.

Is Bitmart Pro a Scam or Trustworthy?

Bitmart Pro is an absolute scam considering that the company is trying to clone legit crypto exchange.

Is Bitmart Pro Fake Or Real?

Bitmart Pro is a fake exchange. If you already had withdrawal problems with them, feel free to contact our team for assistance to get your money back.

Bittra purports to be a legitimate American brokerage firm based in Colorado. The website entices readers to download the user-friendly mobile platform and buy and sell stocks, indices, commodities, bonds, and cryptocurrencies.

Although it seems like a fair offer, there are some legal discrepancies we must address. Read our in-depth Bittra review to find out whether this firm is a good choice or just another fraud like HaeCrypt.com. 

Legal Info: Is Bittra LLC Regulated?

The website provided a certificate of registration with the United States National Futures Association (NFA). However, we checked the Bittra broker on the NFA’s website and found out that the firm is not a member, i.e. not licensed.

This means the platform is operating without regulatory oversight, which carries huge risks for traders and investors. The absence of the Bittra regulation and an attempt to lie about it implies that the firm may be up to no good.

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 Bittra’s Users?

According to WHOIS, the bit-tra.com website domain was created on September 8, 2023, which was relatively recently. Since then, the broker has been accepting clients from the following jurisdictions: 

• Japan;
• United States;
• United Kingdom;
• Sweden.

All these countries have strong regulatory laws in force for their respective financial markets. Their watchdogs meticulously supervise market participants to prevent digital swindlers like AUSFITS from conducting fraudulent schemes.

As mentioned, Bittra is not authorized to provide trading services in its home country of the United States. Trusting this firm is risky.

Trader Reviews – Sharing Experiences

Bittra reviews on trading forums are pretty scarce. We found just a couple of them on wikifx.com and they are not positive. Users seem aware of the dangers stemming from the lack of a regulatory license and supervision.

One complaint indicates that the broker has carried out an investment course scam. The first red flags that appeared were non-responsive customer support and withdrawal issues. 

The point is that user feedback is important. You’d be wise to always read what traders and investors think about a certain platform before investing any hard-earned money. Negative reviews usually sound the alarm about potential schemes.

Which Trading Platform Is Available?

The Bittra trading platform is an exclusively mobile-based trading interface with user-friendly specifics. It supports widely traded instruments such as stocks, indices, commodities, cryptocurrencies, and bonds.

The lack of a desktop version casts doubt on the platform’s efficiency. Although mobile trading provides convenience such as making orders on the go, to engage in trading, you need the best overview possible, and a mobile device simply doesn’t provide that due to the screen’s limited dimensions.

We suggest you opt for providers that offer esteemed third-party software such as MetaTrader 4, MetaTrader 5, or cTrader. Make sure they are licensed as well.

Trading Info – Leverage, Spreads, Commissions

Bittra trading conditions are unknown. The website failed to specify how much leverage traders can use, what are the spreads on each asset, and how much the broker charges per trading lot. The lack of transparency regarding trading conditions raises concerns.

In general, trading with high leverage is a double-edged sword; potential profits are alluring but losses are more likely. If you score, you win big but it works both ways. Hence, regulators have imposed a leverage cap of 1:50 for American brokers.

Since the minimum deposit requirement for opening a Bittra account has remained a mystery, we cannot conclude whether you can earn well with this broker. 

Can Traders Use a Free Demo Account?

No, because the broker does not support a demo account. That’s a big red flag as most firms nowadays include a risk-free account traders can use to hone their skills.

The rule of thumb is to practice on a demo account first. Once you feel you’ve mastered the basics, you can switch to using real money, but don’t forget that unregulated platforms can steal it easily.

Deposit and Withdrawal Process

There is no information about the deposit and withdrawal methods and fees on the website. This comes as no surprise at this point. Given the provider’s shady background, Bittra withdrawal issues seem likely. Should your funds end up trapped in your 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 Bittra

Bittra is an American brokerage company with a non-transparent website and unknown trading conditions, operating an obscure mobile platform. Despite claiming to be licensed, this provider has no authorization to operate in the United States.

We do not recommend you trade on this platform due to its unregulated status. In case you have lost money to Bittra, 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 Bittra?

Bittra is a US-based brokerage firm that supports stocks, indices, commodities, crypto, and bonds trading.

Is Bittra Legit?

This platform is not legit due to the lack of a trading license and the absence of regulatory oversight.

How to Recover Money From a Financial Fraud?

Consider reporting the fraud and requesting a chargeback. We can guide you through the process. Give us a call.

The ZBTCEX company appears to be registered in China. Thus, no legal information, such as registration or license details, is available to back that up. With this in mind, it’s quite easy to predict where this all goes.

But stick with us in this honest ZBTCEX review if you want to keep your money safe in the future. Also, if you want to know how to recover funds lost in crypto scams.

Legal Info: Is ZBTCEX Legit Or A Scam?

Generally, the company did present itself in the best light possible. Thus, without Digital Asset Services Provider licenses, it’s hard to be trusted. Let’s just say this – in case they had an FCA, BaFin, or ASIC license, they wouldn’t get their website shut down.

So now, without regulations, all traders who got scammed don’t have any compensation. The company disappeared, and most of them didn’t know what to do next. This is especially true because, according to numerous ZBTCEX reviews, most of the transfers have been done through crypto.

Who Are ZBTCEX’s Victims?

With its services dating back to 2021, the company had plenty of time to build its reputation. However, they managed only to destroy it. And now, it’s not surprising the company vanished. Nevertheless, the ones who took the biggest hit were coming from: 

• United States
• Canada

Regardless, it’s important to learn how to recognize fraud. And that’s where our Bitetoro and Tipitek reviews might help you. As for crypto recovery, feel free to contact our refund team for advice on the next steps.

Traders Reviews

As can be seen, the ZBTCEX exchange has a terrible rating among traders. Many reviews point out all the issues traders can expect with this company. Primarily with their support and withdrawal-related problems.

Even on the Reddit platform, there’s much talk about the company being a fraud. After all, if they were not, they wouldn’t disappear. And all these traders in the end faced the same problem – frozen accounts. If that happens to you as well, feel free to contact our team for recovery options.

Leverage, Commissions, Spreads, Fees and Taxes

Overall, if the company operates without a license, none of its fees truly matter. Usually, T&Cs reveal those fees are subject to a change at any time without prior notice. So, one day, everything is fine, and the other, everything collapses. 

However, to make everything worse, this firm didn’t reveal any costs at all.

Bonuses

On the positive side, this crypto exchange didn’t offer any bonuses. At least nobody talks about it, or they don’t even realize that’s what causes problems. Anyway, it appears this firm has been offering loans. Which might be quite tricky since that can be considered loan-sharking.

ZBTCEX Trading Features

In general, all trading features with this company were related to crypto exchange services. Traders were lured to invest in crypto mainly due to its anonymity. On a fictive platform, they might be presented with fake positive results, and that’s when they start putting in more money. Thus, all features this company offered were not backed up by any regulation.

Trading Platforms Available

In addition to generally poor features, the company also offered only a web-based platform. ZBTCEX crypto exchange didn’t even develop adequate wallets or mobile apps. Therefore, if you see something like that in the future, make sure to run away.

Available Trading Assets

Tradeable assets with unregulated exchanges should be your last concern. After all, everything is fake, so why wouldn’t assets be? In any case, if you completed the ZBTCEX login procedure, you would see mainly the most popular crypto assets like: 

• BTC
• ETH
• LTC
• XRP
• ADA and a few more

Account Types

Currently, without a transparent user agreement, it’s hard to see if the company has any specific account classification. But fraudulent exchanges usually offer VIP or Premium packages to make traders deposit more money. Yet, in return, they get some completely fictional features, such as fast withdrawals that should be generally a rule for everyone.

Mobile Trading App

Another huge downside of this company is a lack of trusted mobile apps. Even if the apps were advertised on the ZBTCEX website, they couldn’t be found in trusted stores, such as the PlayStore or AppStore.

Demo Account

Before you start trading with any company, it’s recommended that you test their features through a demo account. Many trading firms offer that option. Exchanges offer it only if they offer crypto trading services. In any case, with this firm, such a feature was not an option.

Education

No matter what educational program this company might have been offering, without a license, it’s completely irrelevant.

Ultimately, their goal was to make traders believe they were making money. If they truly wanted you to be successful, they would be regulated in the first place.

ZBTCEX Withdrawal

The biggest problem here is the ZBTCEX withdrawal procedure. Many clients reported issues along the way, and their accounts were eventually frozen. Once the company realizes you won’t pay them any more money, they freeze your account and stop responding to you.

That’s all the result of missing DASP/VASP regulations. Even if the company had a transparent withdrawal policy, which we doubt, it would be useless without a license.

Customer Support

Another problem with the ZBTCEX scam company is its customer support. They have been using encrypted services like Telegram to communicate with their customers. They can simply remove you from their group if they don’t want to talk to you. Therefore, make sure to find companies with more transparent contact options and legal information.

Key Information To Consider About ZBTCEX

Firstly, the company was operating without a license. Secondly, they didn’t offer trusted software. Thirdly, the company has too many unsatisfied customers who mainly reported withdrawal issues. If that’s not enough to avoid the company, nothing will be.

Luckily, or not, the company vanished. So you can’t get scammed by them. Unless they resurrect with another trading brand. You will be prepared after this ZBTCEX review. Anyway, if you want to get your money back from this or any other company with the same issues, feel free to contact our refund experts.

FAQ Section

What is ZBTCEX?

ZBTCEX is an anonymous crypto exchange that was run on two domains of which both are inactive right now.

Is ZBTCEX a Legit Crypto Exchange?

Not at all. ZBTCEX company was not regulated by any regulatory institution. On top of that, many reviews point out disturbing problems with this firm.

What is CipherTrace?

CipherTrace is a tool for tracking crypto transfers that help our team in funds recovery procedures. To find out more details, get in touch.