ICM Trader is a brokerage brand owned by ICM Trader LLC, incorporated in the SVG since 2020. At some point in the past, the broker was licensed, but that is no longer the case. Nonetheless, this faux online trading website continued to offer their services on a global level and to traders of all sorts.

Why that is unacceptable and how the broker manages to persist despite their illicit conduct is what the following ICM Trader review discusses.

ICM Trader – Legit No More

Before we dive into this dubious case, we have to make it clear that any connection between ICM Trader and IC Markets – a reputable brokerage, doesn’t exist. Naming a company similar to a known one is an old move, particularly pulled off by financial swindlers to boost their credibility and appear legitimate. 

At some point in the past, ICM Trader was regulated by the offshore entities of SVGFSA and VFSC, but not any more. VFSC license is either gone or expired and SVGFSA doesn’t regulate brokers any longer. ICM Trader still tries to seem legit by publishing the details of their now invalid SVGFSA license.

Nonetheless, the Tier 1 regulatory breaches are all visible – no segregated bank accounts, no negative balance protection, no compensation funds and sky-high leverage of maximum 1:500. Additionally, ICM Trader offers CFD trading on Crypto, banned in many parts of the world back in 2020. EuroPrime is one of the brokers that got banned for such activities.

Victims Over the Years

The ICM Trader domain was registered back in 2011. During the course of years, it has persistently been used in gathering traders from all over the world and then ruthlessly taking their funds. Take a look at the list of countries with the most casualties:

• Malaysia
• United States
• Vietnam
• Germany 

Some sort of an offshore license, or at least claims of it, are often enough to fool young investors into depositing. What’s more, ICM Trader offers trading on the popular MT4 and lists other supposed benefits of becoming their customer. The taste of wealth soon turns sour in the mouth of a defrauded victim as they learn the promises of riches turn to rags. We’re here to help in such cases. 

Leverage, Spreads and Other Unsaid Costs

The maximum ICM Trader leverage offered goes up to 1:500 on Forex. We always warn our readers that the high leverage brings more negative than positive. Not only because the risk is greater, but the loss may be complete and instant. 

Spreads that ICM Trader features depend on the account type. In one case, spreads can be as low as 0.0 pips with $7 commission per lot traded. Otherwise, spreads start from 1.3 pips on EUR/USD, which is fairly attractive.

Although we’ve combed through the legal docs, additional costs do not show. Despite that, expect ICM Trader to charge withdrawal fees.

Bonuses With Malicious Clause

Joining the platform brings you a 10% bonus. The higher the deposit, though, the higher the bonus and the trading volume requirements. To withdraw a bonus, you have to first trade a number of lots. The formula is as follows:

Credit bonus / 5 = lots to be traded

For example, a $1,000 deposit brings a 10% bonus ($100). You need to trade 20 lots to get a $100 cash reward. One standard lot is 100,000 units. We’ll leave the rest of the big numbers to you, so the shock hits properly and so you can wage if it’s worthy or not.

What ICM Trader Promises

If we take a look at the seemingly attractive offer, we’ll quickly discover we cannot just easily open an account with ICM Trader. What’s more, the platform isn’t accessible without being a registered user first. Additionally, the Demo account isn’t mentioned anywhere. 

MT4 Platform

Do not be quick to believe that MT4 presence is a confirmation of the broker’s credibility. Unlicensed entities often promise trading on the most advanced and superior technological solutions to appear serious. 

That is the case with ICM Trader, as well. What makes the entire deal a flop is the fact that unlicensed brokers do not have a proprietary trading server or the access to most of the world’s markets. The trading you’re conducting at an illicit site is most commonly artificial.

Banned Trading Assets

Some of the available trading instruments are CFDs on Crypto, which are known to be prohibited in some strictly regulated areas. Other products are found on most other platforms:

• Forex (EUR/USD, EUR/GBP, USD/CHF, USD/JPY, AUD/NZD)
• US Stocks (3M, Caterpillar, Pfizer, Boeing, Apple, Walt Disney)
• Spot and CFDs on Metals (Gold and Silver)
• Indexes (Dow Jones, FTSE 100, S&P 500)
• Energies (WTI, Brent, Gas)
• CFDs on Crypto (BTC, ETH, LTC, ETC)

Two Inaccessible Account Types

You see, opening an account with ICM Trader isn’t that smooth and easy as promised. There’s a form to submit and it contains your basic info and contact details so the boiler room employees can contact you and persuade you into investing.

Lower and upper deposit limit for the accounts supposedly doesn’t exist and the offer is detailed, but we cannot verify it. There’s no word on the existence of the Demo version. The two packages ICM Trader promises are:

• ICM DIRECT (ECN)
• ICM ZERO

Troublesome Withdrawals

Because of the scarce withdrawal information and no access to the client zone, we can’t assure you your payouts will be processed quickly and seamlessly. If you’re familiar with Canz Trades and how misleading they get, you have an idea of how difficult and long the ICM Trader withdrawals can take. 

After all, this is an unregulated website we’re talking about. Their identity is unknown and for all we know, the transactions are not secure and the risks of loss and identity theft stand. 

What About Education?

While self-advertising as exceptionally helpful to beginners, the broker doesn’t have any sort of educational resources. The website has a separate section called Academy. We assume that was meant to contain learning material but the page is completely blank.

Customer Support

Contacting the support service is supposedly made easier through the existence of an email, phone and online form. From our experience with ICM Trader, no one responds to the emails and the phone may ring to eternity without answer. It may as well be that the support office doesn’t even function. 

Rely On Us For Help

Although licensed at first, the only regulation that ICM Trader ever followed is an offshore one. Now, they’re just another SVG broker that no one should trust. However, we understand if their unrealistic conditions and master persuasion managed to push you into investing. 

If that is the case, you can get help from us. Our recovery experts can advise you on how to start a chargeback, contact the responsible authorities and get your funds back as quickly as possible. 

FAQ Section

Is ICM Trader A Good Broker?

No, this broker is unregulated and risky, while also offering bad trading conditions. So contact us promptly if you’ve invested here, because your funds are at risk!

How Much Is The Minimum Deposit For ICM Trader?

There’s no minimum deposit requirement at ICM Trader.

Is ICM Trader Good For Beginners?

We do not recommend you to start here. The education does not exist and the support service is unresponsive.

A premium looking website is not exactly a guarantee that the company you’re dealing with is a legitimate entity. This broker may have ramped up the site aesthetics, but they fail to provide any verifiable legal information.

As expected, trading on the platform turned out to be utterly fictitious, with the company itself turning out to be a major money pit. Don’t fall for the scam – read our IM Markets review!

Fake Licenses Explained

As a SVG-based entity, the IM Markets broker, according to SVGFSA, was legally incorporated in 2023. The website openly claims to also be strictly regulated by entities like NFA and FINTRAC. 

The first mentioned regulator clarifies that the business is not a member, and therefore, not licensed. FINTRAC, on the other hand, doesn’t regulate brokers in Canada – CIRO does now, and the company doesn’t appear in their register.

Since SVG registration means nothing as FSA there doesn’t regulate brokers, we can openly call this conduct unlicensed. Because of their proneness to lies, you can’t expect them to follow any legal directive and offer you compensation options and negative balance insurance. 

We’d also like to share our concerns about another similarly-operating brokerage – MALDO FX, that also conducts their business completely illicit.

How Does The Scam Function?

The immarkets.com domain was first introduced in April 2023, which you can check in the WhoIs register. Our advanced tools have determined the main focus of the scammers to be these nations:

• Malaysia
• France
• United States
• Italy

This broker is a completely unknown entity on the web, with not even any IM Markets reviews to speak of. It is basically a fraud call center, with employees known as boiler room agents constantly being on the phone, harassing their marks.

To make the offer seem lucrative, they introduce themselves as finance experts, and seek for deposits. In the end, the deposits only end up lining the swindlers’ pockets, and become exceedingly difficult to recover. Should you need assistance with recovery, contact our legal experts.

Why Transparency Matters

The single piece of information found on the site pertaining to trading parameters is the available leverage being 1:1000. Quite high for strict regulatory standards of Tier 1 authorities, this parameter is characteristic for offshore and unregulated online trading companies. 

Besides spreads, which we saw were labeled as tight, starting from 0.1 pips, none other costs and fees are revealed. Even what is known is questionable to say the least, as there’s no license to back any of these claims.

Hidden Bonus Withdrawal Terms

The firm offers various cash rebates and bonus incentives on deposits:

• $100 on first-time deposits
• 250% up to $1.000 one-time credit bonus
• 25% cumulative bonus
• 2% cash-back up to $250

No particularities on how these work are given anywhere. What’s even more concerning is that it only says that terms and conditions apply, but legal documents do not include any information about these offers.

Lousy Features Won’t Help You Earn

Besides being secret, badly designed, poorly thought-through, all of the elements of the offer are questionable in their functionality and purpose. From an underperforming web trader to mysterious account types, we were also not pleased to learn about support ignoring user inquiries. Here’s our impressions explained.

Shabby Web Software

The IM Markets app is only available in a web trader version. Although the site does provide links for Google store downloads, they do not work. 

Sporting only several basic customization tools and order placing actions, nothing else is available. What is typical with such software solutions is that they’re usually heavily manipulated by swindlers in order to show falsified data. 

Rudimentary Asset Groups Offered

Although the portal says that there’s more than 700 available assets to buy and sell, that claim is not verifiable. As for the web presentation, it only has these several instrument groups listed, with accent on shady and unclarified IM Markets crypto trading conditions:

• Forex – EUR/USD, EUR/CHF, EUR/GBP
• Indices – DAX, DOW, CAC
• Crypto – BTC, ETH, XRP
• Commodities – Coffee, Sugar, Gold

“Rich” Offer of Two Account Types

The fake online trading services provider boasts about having various packages. There’s no separate web page elaborating on this. 

However, during the registration process for an IM Markets login, you can apparently choose between a STP and an ECN account type. Don’t expect to be notified about the featured options and tools or the IM Markets deposit requirements.

Surprise! Demo Account Works

In order to conceal their devious tracks, illicit brokerage portals often do not provide access to the trial version of the accounts or software. This one does, however, and even equips you with $10.000 of virtual cash for trading.

Be careful, though, as the trading environment is purely artificial, and will show alluring profits just to force you into investing. 

Hidden Withdrawal Policy

The IM Markets scam accepts payments through several distinct channels. These include the traditional bank cards, but also some suspicious e-wallet services, as fishy as the broker itself.

Without access to the actual live trading account and deposit/withdrawal page, there’s no telling what you’ll be in store for. To resolve issues with payouts from this company, contact our legal experts.

Nobody Answers Support Tickets

Unlike legit companies like StormGain for instance, the customer support here is quite shabby. The live chat option will see you redirected to another site, and placed on hold indefinitely. There aren’t any other support options available, making sure that you rely on your boiler room agent for virtually everything.

Lost Money On a Scam? Contact Our Experts!

The only thing that gives a good impression about this group is their website, which itself lacks any meaningful functionality. Any licenses reported on the site itself are counterfeit, and the platform itself doubles as a phishing scam.

Investing with unlicensed companies holds significantly more risk than doing business through a regulated entity. Your funds are not safe with unlicensed brokers – contact our legal experts for help with asset recovery!

FAQ Section

What is IM Markets?

It is a con circle that poses as a forex broker to steal the clients’ funds.

Is IM Markets Legit?

No, the licenses presented on the website are all made up. The company doesn’t have any legal backing.

What is a Chargeback?

It is a legal procedure through which you may recover lost funds. Contact our expert team via the live chat to learn more.

The first impression of this so-called cryptocurrency exchange is nothing to write home about. It’s a one-page website that lacks much of the important legal information about the company. While the firm is legally registered, it doesn’t have the necessary license for the services they allegedly provide.

Online investments are as lucrative as they are dangerous. There are many unscrupulous firms like Usdtrsp that are looking to defraud unwary investors. Keep reading our AllPaySoft review to learn more.

Registered, But Not Licensed

The crypto boom is shaking the world, and many companies are trying to grab their piece of the cake. The firm operating the allpaysoft.io website is one of the firms that is operating in a more shady manner.

While the exchange is legally registered, as can be seen in the Lithuanian register of companies, it was not issued the all-important trading license by the FCIS.

All the more alarming is the fact that the exchange in question was blacklisted by CSA. Additional CONSOB and IOSCO warnings followed suit, further diminishing any idea that the company might be operating legally.

Our research has prompted us to check the databases of other regulators, including FCA, FINMA, NFA, AUSTRAC and CBR. None of the databases we’ve inquired had any information about the firm, however.

Regulatory oversight is very important for investors, lest you get burned by an unscrupulous firm like CryptoKg. Unlicensed companies don’t offer the necessary security solutions or compensation funds required by regulatory standards. More often than not, they just take the money and run.

Who The Swindler Preys On

In less than two years, how long this domain has been operational according to WhoIs, many victims started complaining of their suspicious services. So far, the majority of defrauded investors come from these countries:

• Italy
• Spain
• United Kingdom
• Germany
• Greece

Due to vague online presence, we have to assume that the con artist employs boiler room agents to gather new victims. These talkative, skillful and very convincing scam promoters are quick to promise just about anything to get targets to sign up. 

Naturally, all these promises turn out to be cheap lies, because as soon as you deposit, the cyber criminal disappears into thin air with your cash.

Extravagant Service Costs

The website itself only promotes services of buying and selling crypto, nothing besides these. Although the offer isn’t overly diverse or attractive, the provider doesn’t shy away from overcharging for their underwhelming features.

Firstly, every client is charged with an exchange fee of 7% for a clients’ purchase of a digital currency. Selling digital cons is charged with a 5% exchange fee. If you attempt to perform a transaction without having enough balance on your trading account, you will be denied the service but will still be charged $50. 

Weak Offer Of Features

A half-empty website doesn’t promise much, especially in terms of variety of services, tools and features. Simple terminals to just buy and sell crypto do not equal reputable software. Additionally, signing up demands sharing sensitive personal information, and why would you do that when the platform owners remain fully anonymous?!

No Trading Happens Here

The domain in question represents a simple buy-sell crypto portal that doesn’t allow any kind of trading or exchange. Because of that, there’s no trading terminal featured. 

A proper diversity of services, exchange and trading options guarantee a bigger clientele. However, this cyber thief only aims to steal your deposits and doesn’t go into detail when it comes to trading features and services.

Crypto Currencies Available

Buying and selling crypto tokens via this portal only functions for Bitcoin. While we see advertisements promoting the company’s impeccable services and a wide range of supported currencies, it simply doesn’t work in reality. If you take a look at the exchange terminal, the only option available is BTC.

To make the false offer additionally attractive, the price of a BTC given is around $2000 less than its current value expressed in FIAT.

Single Account For All

The company offers only a single account type for all of their traders. While not uncommon for a cryptocurrency exchange, this one doesn’t transparently say which costs or functions are tied in with their AllPaySoft account.

There is no demo account either, which means the clients can’t test the trading environment before committing their funds.

Swift Payouts Promised

All of the payments conducted on this shady website are allegedly instant and the AllPaySoft withdrawals are quick and safe. Sadly, no safety is involved with anonymous crypto transactions. The service provider also doesn’t show the mandatory transparency, as they only hint at withdrawal fees occuring, without actually revealing them. 

Additionally, the reason why a majority of crypto swindlers force these transfers is because they keep their incognito status this way. 

Please avoid these monetary channels whenever you can. Although there’s ways to track them and we can help you with that, it is better to prevent a potential catastrophe and only invest via safe methods like credit cards.

Shabby Customer Support

Means by which you can contact the company include a phone line, and email. When we tried to call the phone, however, nobody answered.

Unfortunately, the firm does not say anything about the work hours of their customer support, so it’s a trial and error deal finding out when they’d bother to respond. If you encounter any problems, you can’t really expect a prompt resolution from the support.

Lost Money On Fake Exchange? We Can Get It Back!

Dealing with this exchange carries more risks than any trader should be willing to accept. The company might be legally registered, but is not actually licensed to provide their services. The website lacks the necessary transparency that is required from a legit firm as well.

If you’ve hit a snag with this crypto exchange and find your money stuck, get in touch with our legal experts. With their help, you may start a chargeback and recover your funds. We are available 24/7 in the live chat, and our first consultation is free of charge!

FAQ Section

What is AllPaySoft?

It is a false crypto exchange platform allegedly adjusted for professional and amateur traders alike.

Is AllPaySoft Regulated?

Not only is the firm not regulated, but they’re also a confirmed scam, as several reputable authorities report.

Is It Possible to Recover Stolen Crypto?

Yes! If you contact our legal professionals, they can help you with their advanced software solutions that serve for tracking and monitoring crypto transfers.

EuropeFX is an online broker specializing in forex and CFDs. The parent company that operates this broker is Maxiflex Ltd. This company has had trouble with regulators in the past, formerly being known as Maxiflex Global Investments Corp Ltd. Regulators have censured this organization over misleading marketing practices and falsified endorsements.

Warnings From Financial Regulators

After Brexit, all the companies that wanted to continue operating in the UK needed to opt for the FCA license. However, many of them did not do so and just kept working with the UK clients. Therefore, the FCA issued a warning against several brokers including EuropeFX and confirmed the broker no longer has an authorization to provide CFD trading in the UK.

Getting Started with EuropeFX

Traders with EuropeFX have access to a relatively standard range of assets. CFDs are available also on stocks, indices, and commodities. There is also a variety of forex pairs available. The forex spreads are very favorable, as low as 0.1 to 0.4 pips. However, this is, unfortunately, too good to be true. On top of spreads, EuropeFX charges a hefty commission on all forex lots.

EuropeFX Trading Platforms

The Australian financial regulator ASIC is currently investigating the operations of EuropeFX. They have placed an asset restrain order against the broker, severely limiting their operations within Australia. Above all, this investigation centers on transparency and marketing practices. There are many online user reviews of EuropeFX that allege the broker to disclose the risks inherent to trading CFDs inadequately.

Beyond this investigation, the UK’s FCA has rescinded permission for EuropeFX to trade CFDs within the UK. As a CySEC registered broker, they enjoyed passporting rights with the UK, allowing them to do business with UK citizens. As of June 2020, the firm may no longer sell or market CFDs to the UK residents. EuropeFX bears the mandatory risk disclaimer for CFDs on their website but in a very obscure position. This ban was part of a sweeping effort by the FCA that removed the passporting rights of many online brokers.

Account Bonuses

The broker has four different types of accounts. These are bronze, silver, gold, and platinum. The minimum deposit for the bronze account is €1,000, ten times the typical minimum deposit for online brokers. The platinum account requires €10,000 and offers various premium services like in-house forex experts and reduced lot commissions.

Negative User Reviews

In conclusion, EuropeFX gives traders access to the dangerously high leverage of 1:200. In the EU, the legally mandated maximum is 1:30. Higher leverages allow new traders to lose more at once, and they often don’t understand this until it’s too late.

Unable to Withdraw Your Funds?

CFDs are complicated investments, even for the pros. Has a broker misled you about the risks you face when trading CFDs at leverage? There are clear rules on what brokers can and can’t do. Let our experienced team evaluate your case and find the best option to retrieve your funds. Call us today for a free consultation.

Is EuropeFX a legitimate company?

EuropeFX is owned by the company Maxiflex Ltd, a company well-known for binary options scams. So we cannot say that EuropeFX is a trustworthy company. Maxiflex Ltd changed its name, hoping to cover its past. Legit broker does not mind operating under the same name for several years.

Is EuropeFX safe?

EuropeFX does have a CySEC regulation, but it is not considered safe. The owner of the company is a company related to binary options scams. Maxiflex Ltd, the owner of EuropeFX, changed its name recently, probably since everyone discovered its connection to binary option scams.

Is EuropeFX a con?

EuropeFX is CySEC regulated broker. The company can conduct its services within the EEA zone with a regulation. However, the owner of the EuropeFX brand is related to binary options scams, so we advise caution.

What is the EuropeFX withdrawal fee?

EuropeFX withdrawal fee is 25 EUR fixed, not related to the payment method you use to withdraw your funds. This is a big amount of money, 10% of the minimum deposit with the broker. Usually, legit brokers have no reason to charge their clients for withdrawals. They have legit ways of making money.

Does EuropeFX support automated trading?

This broker offers its clients’ Robot trading, an automated trading system. Usually, this is the effective method of scam brokers to extort money from their clients. The broker will convince you that an automated system can make guaranteed money, and this is usually how the scam occurs.

Where is EuropeFX based?

EuropeFX is based in Limassol, Cyprus. It is regulated by CySEC. However, be careful when opening an account with this broker, it is surrounded by scamming past and bad reviews. We advise opening an account with more trustable brokers regulated by FCA or ASIC.

Conveniently named Roicraft, this broker calls itself Roi, reminding you of the return on investment. Of course, it’s a psychological trick to ensure that you have profits in your mind when seeing the website. This is further encouraged by the broker’s presentation of a savings account and a promise that you can make up to 3.9% annually. 

Read our Roicraft review for more information about this firm.

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What About Roicraft Regulation?

Long story short, Roicraft has no regulations.

This firm didn’t bother to provide investors with basic information like the company owners, name of the CEO, or anything similar. We’re given an address in Canada, but this can easily be fake detail since there’s no supporting evidence. Roicraft has never entered any company register in this country.

In addition to the above, we strongly advise you not to invest in 7Online,  Oriontero and 365Falcon fraudulent brokers.

Why Must a Broker Have a License?

A broker needs to have a license to regulate its business and operate according to legal standards. Furthermore, the license ensures that the company will form a compensation fund. In the case of Tier1 regulated brokers, these funds have to be over 700,000 EUR, and are meant to be used to reimburse clients. That’s your money-back guarantee in case of any issue.

Unfortunately, Roicraft hasn’t thought of its clients and hasn’t gotten any regulation. The company operates according to its own rules, which can never be suitable for an investor.

Traders’ Reviews About Roicraft Scam

As expected, the majority of Roicraft reviews are from Canada. The broker’s alleged headquarters is in this country, and it’s using this information to lure investors into investing. Clients are signed up through fraudulent ads such as Invest In Stocks or Investors Education, promising high ROI. However, clients complain that none of them ever saw a penny back from this unregulated firm.

Supported Trading Platforms – Available Trading Software

As’s the case with the most information, Roicraft didn’t show much about its trading platform either. There’s a section called All About Trading, indicating that the firm provides you with terrific investment software available on both desktop and mobile devices. Allegedly, you can expect to get numerous charts, a customizable layout, and many available assets.

Since we cannot confirm this, we will not go deeper into the review. All we can surely say, it’s always better to find a legitimate transparent broker offering MT4 or MT5.

Everything About Roicraft Trading Accounts

There are 6 Roicraft account types.

1. Standard – $10,000
2. Bronze – $25,000
3. Silver – $50,000
4. Gold – $100,000
5. Premium – $250,000
6. VIP – $1,000,000

Accounts differ in the welcome bonus, account manager seniority, withdrawal fees, and commissions.

Roicraft Range of Trading Instruments & Markets

Roicraft offers to invest in the following trading markets:

• Forex
• Commodities
• Indices
• Shares
• Cryptocurrencies

The company’s primary focus is shares and ROI on those. 

Also remember the names of the 24Funds, EverProTrader and Mag Markets trading scams and avoid them at all costs! Moreover, always check the background of online trading companies before investing!

Roicraft Deposit and Withdrawal Methods

Roicraft accepts several payment methods for deposits, including:

• Bank wire transfer
• Debit/credit cards
• Wallet

The minimum deposit depends on the payment method – for cards, it’s $250, while for the wire transfer is $500. The same methods are accepted for withdrawals, but nothing is said about fees you’ll have to pay or the time necessary for the company to process the withdrawal request. 

Roicraft offers a welcoming bonus of up to 75%, so you should be quite careful as it doesn’t come for free. You will need to repay the bonus amount plus the initial deposit 20 times to get your money back.

Fund Withdrawal Issues

The broker doesn’t say much about withdrawals. However, most complaints are about this issue, and clients claim that getting money back is virtually impossible. The broker is keen to assist with deposits, and account managers are always available until you submit the withdrawal request. This is when your account access will be suspended, and your friendly manager will suddenly disappear.

If you recognize yourself in our story, you need to file a complaint immediately!

Scammed by Roicraft Broker? – Tell Us Your Story

If you were scammed by Roicraft, we’re here to help. Our chargeback specialists will be glad to assist with the matter and help you file a dispute.

But What Is A Chargeback?

A chargeback is a way for your bank to retrieve stolen funds from the merchant. Contact us via online chat to book a FREE consultation with our experts, who will then evaluate your case and give you an honest opinion regarding a refund. Don’t let scammers run with your hard-earned money; let’s get it back!

What Is Roicraft?

Roicraft is a scam online Forex and CFD trading provider with no license. If you invested money with this firm, contact us for assistance with a refund.

Is Roicraft A Scam Broker?

Roicraft has no license and doesn’t provide any information about the owner behind the scene.

Is Roicraft Available in the United States or the UK?

Roicraft provides its services in the UK, while there are no special restrictions for the US either.

Does Roicraft Offer a Demo Account?

Roicraft doesn’t offer a Demo account. If you want to start trading, you will have to open a Live account.

This company is already known as scamming one. They don’t provide any trusted licenses to their clients. Based on previous Grand Capital reviews we found that they are a sister company of GCOption.

All these companies are offshore, mostly from ST. Vincent and Grenadines and Seychelles. Therefore, country regulations are not competent in comparison with Tier 1 Regulations like FCA, BaFin or ASIC.

Let’s go through our thorough GrandCapital review and learn more.

GrandCapital is Not a Legitimate Scam Broker?

Grand Capital offers a variety of trading assets for its clients. But for trading with those assets you should have a license. Early at the start, a red flag. The company offers as well too high leverage, up to 1:500 which is not allowed in regulated companies.

As a result, people often end up losing money. Even if they make some, they can’t withdraw it. Because the company is not regulated and nobody controls its procedures.

This company is hiding its location and ownership through different branches. None of these has Tier 1 regulation. They can do whatever they want and exactly that happens if you look at Grand Capital reviews.

Arguments For Trading With a Licensed Broker

Licensed brokers always offer you straightforward conditions. You know what you are getting into and that is going to happen.

A lot of companies and GrandCapital broker as well, are trying to mimic licensed companies. So, don’t fall for cheap tricks. Do your research first as we did.

In the Tier 1 Regulators database research, we couldn’t find any information about GrandCapital trading. Except for warnings.

Information On Any Warnings Issued by Financial Regulators Regarding GrandCapital

When you find warnings against the company you know it’s serious. We hope that after this GrandCapital review, you will never think of investing in these companies.

There are multiple warnings issued from regulators like FCA, Consob and CMVM. If this is not enough for a conclusion nothing is.

Analysis of Customer Reviews Related to GrandCapital

But let’s dig deeper together and see what other people think. In Grand Capital reviews we could only find complaints. Around 40% of these comments were rated 1-star.

Everything besides that were bots with a 5-star rating.  At the moment of writing, there were 29 reviews on TrustPilot.

Description Of The Trading Platform Offered by GrandCapital

GrandCapital broker offers 3 different options for trading: Meta Trader 4, Meta Trader 5 and Web-trader. It is a very good improvement compared to some other trading companies.

MT 4 and MT5 are available for download. That is a good choice because the company shouldn’t have back-end entry. And to manipulate market prices in some way. 

What Financial Instruments Does The Platform Include?

Like many other trading companies, they offer standard assets:

• Forex                        USD/JPY, CAD/NZD, HKD/USD
• Commodities            Gold, Natural gas, Cotton
• Indices                      DJI30, DAX30 , CAC40
• Stocks                      Nvidia, Coca-Cola, McDonald’s
• Cryptocurrencies       BTC, BNB, BCH

Assets like cryptocurrencies are highly volatile and dangerous for non-experienced traders. There is still a lot of speculation about it. Therefore, we suggest traders stick with something easier to understand.

Those would be stocks or commodities.

MetaTrader 4 & 5

Both of these platforms are available for mobile download. Whether it’s for Android or iOS both offer fantastic trading tools. MT5 however, have more advanced social and AI tools that can improve your trading results.

We always recommend sticking to these platforms compared to web-based ones.

WebTrader

Web traders are often unreliable. Especially if the company created the whole UI/UX. Those could be accessed from the back end and used to mislead clients.

That’s actually how most trading companies scam people.

GrandCapital Fraud Risk Zones – Service Countries

We found a lot of complaints in GrandCapital reviews. Looks like they are scamming traders from:

• UK
• Italy
• France
• Belgium
• Australia

People from these countries should be more informed about regulations. GrandCapital as an offshore company needs to have a license for the country they are trading in. And they don’t have it.

GrandCapital Features, Requirements, And Benefits of Each Account Type

Grand Capital offers a range of different real trading accounts. Those are Standard, MT5, Micro, ECN Prime, Crypto and Swap free.

The biggest benefits/investment ratio is on the MT5 account. It gives you more trading opportunities with lower commissions, but in the end, it requires a bigger investment.

GrandCapital Demo Account

Besides real accounts, the company offers a Demo account. These are not favorites amongst traders. You get used to throwing away virtual funds and you don’t care if you win or lose.

Once you get used to that, you can easily lose your first real deposit.

What Bonuses Does GrandCapital Broker Offer?

GrandCapital broker offers a 40% bonus on any deposit. They claim that any profits made with it are fully withdrawable. Of course, sometimes you have hidden conditions that you need to match to withdraw money.

According to the company, you can get that bonus every 6 months, by depositing 10% of the initial sum.

GrandCapital Terms and Conditions

To be honest, the company did a very good job in presenting their offer. It’s almost like with a regulated company. That is the difference that holds us back to trade with the GrandCapital.

Nothing of that can hold when it comes to withdrawing the money.

Leverage, Spreads and Commission

Trading conditions are pretty much fair. Except for leverages. They range from 1:1 up to 1:500. Which is too risky. Spreads are standardized from 0.4 up to 1 pip.

The biggest difference between accounts is commission, ranging from 0$ up to 50$ depending on the account type and asset that you are trading.

GrandCapital Broker Scammed You? – Please Tell Us Your Story

If you were scammed by GrandCapital you should not be ashamed at all. They did a very good job there. For non-experienced clients, it looks all nice and shiny.

If you deposited any money here, no worries. A chargeback is an almost magical weapon.

What Is the Chargeback Procedure?

Standardized procedures in banking systems when people are facing scams. You can file a chargeback request in the first 540 days.

It can be used as an advantage for Debit/Credit card purchases. Otherwise, you need to commit to a different procedure.

FAQ About GrandCapital Broker

What Is GrandCapital?

This is an offshore unregulated trading company offering a variety of trading assets through trusted trading software.

Is GrandCapital a Scam Broker?

Yes. They wouldn’t be offshore if they are clean and they are not regulated by any Tier 1 Regulator.

Is GrandCapital Available in the United States or the UK?

The company only offers services to UK clients, from those mentioned above.

Does GrandCapital Offer a Demo Account?

Yes. A demo account is surprisingly available. Besides that, you have a micro account, which is often better.

The only means to contact the frauds directly is through a contact form on the website. All the links that lead to legal documentation are dead, and there is no trading platform to speak of. Surely, this is not how a legitimate company operates. While writing this GroupTFM Review we had to dig deep to find any information. What we found proves that GroupTFM is a scam company.

How Reliable is GroupTFM? Are They a Scam Company?

Our every attempt of finding credible information about GroupTFM regulation and licenses was fruitless. Their website is so opaque and vague, we couldn’t even find information about where their company HQ would be situated. 

For brokers, a trading license obtained from a regulator in a developed nation is paramount. Not any license provides enough security. On the example of TegasFX you can learn how loose an offshore license is and why it’s important to have a Tier 1 regulation.

In the EU, one of the most important regulatory standards is MiFID, enforced by ESMA. EU standards include a minimum trading capital of at least €730 000, and a compensation scheme of €20 000. There is a limit on leverage,set at 1:30. Bonuses are not allowed in the EU, but their traders enjoy Negative Balance Protection and Segregated Bank Accounts.

Although not a member of the EU, Switzerland is part of the EEA. This means their regulation is fully compliant with EU standards. There are some variations when it comes to the UK, however. Their regulator, the FCA, requires a starting capital of £730 000, and a compensation fund of £85 000. The UK does not conform to the MiFID.

We have checked the databases of many Tier-1 regulators when it comes to GroupTFM and their license. Neither the FCA, BaFIN, FMA, FINMA, CONSOB, CNMV and CySEC from Europe, Australian ASIC nor the Canadian New SRO contain any information about this broker. This is solid evidence that GroupTFM is unregulated.

We don’t find this surprising in a bit. GroupTFM has a leverage as high as 1:600 and bonuses up to 35%, yet this pack of hyenas offer their services in many EU nations. This is an unlawful, illicit practice that leads us to the conclusion that GroupTFM is indeed a scam company.

In Which Countries is the GroupTFM Scam Most Active?

The victims of GroupTFM scam are most predominantly citizens of EU nations, as well as the UK. These countries have developed and stable economies, and their residents have above average disposable income. For scammers, this is the most popular hunting ground.

GroupTFM actively targets the people of the following countries:

• Germany
• Spain
• Austria
• Switzerland
• United Kingdom

Reviewing GroupTFM Trading Software Was Difficult

Scammers call their trading platforms “cutting edge” and “innovative”. Most of them, just like Finviz Pro from our previous review, fall short of their promises. The Web Trader they use is a simplistic, and somewhat obsolescent trading software. You may run it from a web browser, with no download necessary.

What distinguishes GroupTFM is that these guys aren’t even trying to provide a trading platform. Although the scammers allege the existence of a trading program, it simply isn’t there.

The buttons on the website that should lead to the trading program are directed to the account creation page. The dashboard, after logging in, contains the “deposit” and “withdrawal” links, but not the trading platform proper.

Tradable Assets Offered By GroupTFM

Allegedly, GroupFTM offers a diverse set of different trading instruments. These are separated into a selection of categories. Unfortunately, there isn’t much information about individual assets and their trading conditions. Since the trading software is non-functional, we couldn’t reliably test all of the broker’s claims.

Here is a short list of what is offered on GroupTFM:

• Forex – EUR/USD, GBP/USD, AUD/CAD, CHF/USD
• Cryptocurrencies – Bitcoin, Ethereum, Polkadot, Cardano, Dogecoin
• Stocks – Burberry, Lloyds, Walmart, Amazon
• Indices – JP225, UK100, SWI20, US30, US500, USTEC
• Commodities – Brent, Gold, Cocoa, Sugar

GroupTFM Account Types

Legitimate brokers nowadays always offer a selection of different accounts. These would include different market strategies and trading platforms to cater to personal preferences of traders.

This is, again, not the case with GroupTFM. The accounts only differ in accumulated deposits. A client would advance to a different account type if they reach a certain deposit threshold.

Let’s have a look at these tiered accounts now:

• Basic – $250
• Premium – $2 500
• Business – $25 000

Needless to say, there is no demo account available with GroupTFM. Not that it would matter, though, since you can’t really test anything when there is no platform to trade on.

How Does the GroupTFM Scam work?

GroupTFM is quite an obscure broker, even when compared to other scammers like TegazFX. How did they manage to swindle so many people, then? There are two main methods this scam company uses. One is the promise of guaranteed income through automated trading.

AI seems to be all the rage these days, and the scammers have come aboard the bandwagon. GroupTFM claims to utilize advanced computing algorithms to predict the market positions, and allow their clients to earn passive income. This is a bold statement indeed – the technology for this doesn’t exist yet, and nobody can guarantee profits.

Another spider’s web is in the referral program. Clients are encouraged to recruit more people to the GroupTFM website. Doing so will earn them some bonus funds on their trading accounts. This, coupled with the tiered account types is more reminiscent of a Pyramid Scheme than to how a broker operates.

Withdrawing Profits From Your Broker Account

The general lack of information on the GroupTFM website also covers the Withdrawal Policy. The links that should direct you to legal documentation don’t work, and are simple placeholders. GroupTFM claims that their accounts will be updated with deposits and withdrawals instantly, but this is far from true.

We have come across much criticism online when it comes to withdrawals. Because there is no actual company information, the swindlers simply cut off communication when you try to withdraw and leave you hanging. The payout might even be impossible without legal aid.

I Was a Victim of GroupTFM Scam, What Should I Do?

If you, or somebody you know, has become a victim of GroupTFM scam, you should take immediate action. The more you wait, the slimmer the chances of recovering your lost money. Our staff is working tirelessly to obtain as much information as possible about these swindlers, and give them the justice they deserve.

Contact our team of experts today, via the online chat for the quickest response time, and take the full advantage of the free consultation. Your money might not be lost after all! With your help, we can aid you and many others recover funds from GroupTFM.

Is GroupTFM a Regulated Broker?

GroupTFM is an anonymous company that lacks any regulation or authorization to provide their services to the public.

Does GroupTFM Have a Referral Program?

GroupTFM has a referral program that encourages clients to recruit more members to the fraudulent site.

Does GroupTFM Offer a Demo Account?

There is no demo account available for traders on GroupTFM.

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

Artis Finance presents itself as a platform for trading premium assets with cutting-edge technology, but caution is warranted. Established in 2023, details about its registration and office locations remain undisclosed. Furthermore, the lack of licensing raises red flags regarding regulatory compliance. The Financial Supervisory Authority of Romania has explicitly stated that the entity operating under the trade name ARTIS FINANCE, accessible via https://artisfinance.pro/, is not authorized to provide investment services or activities. Potential investors should heed this warning and exercise diligence before engaging with Artis Finance or similar entities to safeguard against potential financial risks and scams.

Artis Finance Website – https://artisfinance.pro/

Website Availability – Yes

Address shown – NA

Warned By – Financial Supervisory Authority (Romania)

Important elements that show if Artis Finance is a fraud or not

Unregulated Status

One of the primary warning signs that investors should be wary of, as noted in the Artis Finance 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 Artis Finance 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 Artis Finance Review. For prospective investors, the amount of unfavorable reviews and stories of fraud using Artisfinance.pro 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 Artis Finance before trusting their investments to any of them.

Investors should take negative reviews and fraud complaints linked to Artis Finance 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 Artisfinance.pro. 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 Artis Finance 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 Artisfinance.pro 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 an Artis Finance review, are critical to ensure a safe and dependable trading experience.

Victimized by the Artis Finance scam? Get your lost money back!

Get a Free Consultation

If you are the one who got scammed by Artis Finance 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.

Artis Finance Review: Artis Finance Scam Conclusion

As the Artis Finance Review indicates, there are solid indications that Artisfinance.pro 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 Artis Finance review written above is influenced by the other Artis Finance reviews already on the web. We are not liable for any legal action from the Artisfinance.pro company. In case of any query please mail us at info@reportscam.net.

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

The Financial Supervisory Authority of Romania has explicitly stated that ASSETACE, operating through websites https://www.asset-ace.org/ and https://user.asset-ace.net/, lacks authorization to offer investment services or activities. This contravenes the regulations outlined in Law no. 126/2018 concerning financial instruments. Potential investors should exercise extreme caution when considering engagement with ASSETACE, as their operations may pose significant risks. Lack of regulatory approval suggests a potential lack of oversight, exposing investors to the possibility of fraudulent activities or financial losses. It is advisable to seek guidance from authorized financial institutions and conduct thorough due diligence before proceeding with any investment endeavors involving ASSETACE.

Asset Ace Website – https://www.asset-ace.org/, https://user.asset-ace.net/

Website Availability – Yes

Address shown – NA

Warned By – Financial Supervisory Authority (Romania)

Domain Age of Asset Ace

Domain Name: asset-ace.orgRegistry Domain ID: 2d57457331e24417aea113df5bada94d-LRORRegistrar WHOIS Server: http://whois.nicenic.netRegistrar URL: http://whois.nicenic.netUpdated Date: 2024-03-04T01:09:28ZCreation Date: 2023-01-19T01:08:47ZRegistry Expiry Date: 2025-01-19T01:08:47Z

Important elements that show if Asset Ace is a fraud or not

Unregulated Status

One of the primary warning signs that investors should be wary of, as noted in the Asset Ace 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 Asset Ace 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 Asset Ace Review. For prospective investors, the amount of unfavorable reviews and stories of fraud using Asset Ace 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 Asset Ace before trusting their investments to any of them.

Investors should take negative reviews and fraud complaints linked to Asset Ace 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 Asset Ace. 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 Asset Ace 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 Asset Ace 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 an Asset Ace review, are critical to ensure a safe and dependable trading experience.

Victimized by the Asset Ace scam? Get your lost money back!

Get a Free Consultation

If you are the one who got scammed by Asset Ace 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.

Asset Ace Review: Asset Ace Scam Conclusion

As the Asset Ace Review indicates, there are solid indications that Asset Ace 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 Asset Ace review written above is influenced by the other Asset Ace reviews already on the web. We are not liable for any legal action from the Asset-ace.org company. In case of any query please mail us at info@reportscam.net.

Give this broker a rating

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Average rating 0 / 5. Ratings 0

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As a company with consistent focus on innovation, best-in-class user experience, and breadth of the offering, Wealth Arbitrage doesn’t quite manage to deliver the promised services. Being anonymous and completely unregulated doesn’t stop this shady trading platform from making bold statements about aiming to become a number one brokerage worldwide. 

We just wonder how they plan on achieving that when they have a defunct platform, anonymous leadership team and no trading license! Read our take on this monkey business in the following Wealth Arbitrage review.

Wealth Arbitrage is an Illegal Entity

Wondering what kind of company owns this brand, we looked everywhere on the site for some pieces of legal information. No such data exists on the Wealth Arbitrage website. 

This full-blown scam doesn’t reveal a single clue as to what the parent company is and where its headquarters are. Not to mention a total lack of license and regulation that every single broker needs in order to be taken seriously. 

In our search for their license, we did a scan of several databases, like FCA, ASIC, CySEC, NFA and BaFin, but no results came up. Wealth Arbitrage is a newly registered scam that doesn’t truly offer funds safety, segregation of capital, risk-reducing measures or compensation funds. No investments are safe here!

How Wealth Arbitrage Deceives Investors

Several months, how long this petty construct exists, were enough for this broker to become omnipresent online. Their scam agents from their hidden boiler rooms tirelessly pester people they find on social networks to invest into their sham. 

Naturally, convincing isn’t all that hard for them when they have mastered persuasion. These miscreants are able to see right through your defenses and weaknesses, especially if they engage in emotional manipulation aside from their mind games. 

One rational look at their unrealistically attractive offer is enough to let you know that what they’re selling is completely fake. Rookie traders aren’t always informed or experienced enough to detect the scam intentions though, and investors from these countries have already fallen victim to fraud:

• Netherlands
• Canada
• Belgium
• Sweden

Victims Speak Up

It’s of crucial importance not to remain quiet about being dragged into a fraudulent scheme such as Wealth Arbitrage, FirewoodFX and similar ones. Not only do you keep other traders from falling into the trap, but you can also prevent the swindlers from building reputation based on false reviews. 

These are evident on the Wealth Arbitrage Trustpilot page. Negative ones posted by the actual victims are starting to pile up though, and it’s not looking good for this faux broker:

“Don’t trust this company. I dealt with Lucas Feinberg, through bunq I invested first 250 euro but in a few weeks time up to 10.000. Virtually nice profits were made every day but when I wanted to withdraw money I couldn’t get money back. First they asked to invest more through ‘blockchain’ to clear my accounts . I was a fool and believed it. They work smart and guide me through by anydesk so all money is gone . This are criminals”

“Wealth-Arbitrage is a big SCAM. I invested $250 the minimum in May this year. Within a week or 2 I was being pushed to invest a further $3000. Eventually I asked for the account to be closed and my $250. Mark who waa the account manager begun to get aggressive and extremely rude. I have reported this company to the Canadian Anti Fraud Centre. FOR THOSE WHO ARE RATING THIS COMPANY 5 STARS ARE FAKE! NOTICE HOW THEY ARE FROM GB OR USA !! THE NUMBER BEING USED TO CONTACT ME WAS 07766 85944. ALSO WHEN YOU GO TO THEIR WEB PAGE AND GOOGLE THE FAKE CEO NAME NOTHING SHOWS. PLS REPORT THIS FIRM TO YOUR FRAUD AUTHORTIES AND POST REVIEWS EVERYWHERE.”

Expensive Service

Although Wealth-Arbitrage advertises their platform, tools and costs as most amiable and lucrative, do not be quick to believe so. The leverage goes up to 1:50, which isn’t overly high, considering some illicit brokers offer several thousand times bigger. However, the leverage where Wealth Arbitrage offers their services is limited to 1:30. 

As for the other trading costs, the broker didn’t find it fit to publish fees on their website and properly inform traders of the expenses. This lack of transparency can later result in astronomical fees, especially the ones occurring during money transfers.

Poor Choice of Tools and Features 

This is the aspect of Wealth Arbitrage that you need to see. Also, this is where the fraudsters show their real face and intentions. The promised Wealth Arbitrage platform is a desktop malware and a non-existent web trader. When no trading is possible, there’s no use of promising a variety of tradable instruments. In the end, when you see the prices of the packages, you’ll easily give up on investing a single dime.

Malware Instead of Platform 

Advanced, fresh and revolutionary, the Wealth Arbitrage software should be the most comprehensive and helpful trading terminal. Unfortunately, all our attempts to download it went down the drain when our browser repeatedly refused to accept the suspicious file. After logging into the user area, the web trader wasn’t accessible either. Not without contacting the support office and investing first.

Instrument Classes 

The offer of financial instruments at Wealth Arbitrage isn’t overly impressive. Either way, that doesn’t matter much when the trading platform is out of reach. Here’s the tradable assets groups that the website lists as available:

• Crypto (BTC, ETH, LTC, ETC, SOL, LUNA, DOGE, DOT)
• Forex (EUR/USD, USD/JPY, EUR/GBP, EUR/CHF, AUD/USD)
• Metals (Silver, Gold, Platinum)
• Indices (HK50, ES35, DE40, FR40, UK100, US500)
• Energies (Oil, Natural Gas)
• Futures (Gold, Dow Futures Mini)
• Shares (Facebook, Netflix, Disney, 3M, Boeing, Tesla)

Unreasonable Account Prices

Perhaps the least attractive bit of the entire Wealth Arbitrage arsenal are their overpriced packages. While not even remotely useful or rich in features, these accounts are simply too expensive to be worth the risk. Especially when they’re sold by an unregulated broker like this one and many others, FCTrading being one, too.

• Beginner – 5,000 EUR
• Trader – 10,000 EUR
• Expert – 25,000 EUR
• VIP – 50,000 EUR
• Exclusive – 100,000 EUR

Mobile Trading App

Android users at Wealth Arbitrage are offered to be able to trade on the go via their nameless mobile app. After so many unpleasantries with the desktop and web terminal, we were simply reluctant to risk contaminating our mobile devices with more malware. Please avoid downloading suspicious software to your machine. Especially if it’s offered by an unlicensed financial services company.

Demo Account

Opening a Wealth Arbitrage account immediately requires you to contact the support service in order to discuss depositing. That instantaneously made us doubt the existence of risk-free trading. After also carefully examining the website offer, we determined that the broker doesn’t even mention the possibility of opening a free Demo.

Withdrawal Issues

Wealth Arbitrage claims to accept all major credit cards and bank transfers. We weren’t able to verify these claims as our access to the user panel was extremely limited without initial deposit. We advise caution, though. This unregulated entity can claim just about anything they wish, all in order to seem reliable and convincing. 

All of their victims report about withdrawal obstacles and problems that involve additional fees, usually even higher than the withdrawal sum itself. What this broker does is do anything in their power to discourage the victims from trying to take their initial investment back.

Unreliable Support

All the company contact information is based on an email ([email protected]) and an online form. There is no chance to chat directly with a support agent, request a callback or contact the broker through a phone number. It’s no surprise ex customers have complained about the support service not functioning and being completely unreachable.

Few Key Facts to Remember

Before investing in suspicious businesses, please make sure to double check if your broker of choice is indeed what they claim to be. Your biggest ally is your knowledge and the abundance of information. However, slip ups can happen, and we’re well aware how convincing swindlers are. 

In case of a fraud, please do not wait. Feel free to contact us through any of the channels we provide and tell us about your experience. Our support team can help you overcome the disdain and issue a chargeback successfully. 

FAQ Section

What is Wealth Arbitrage?

Wealth Arbitrage is an anonymous brokerage services provider without a license or regulation.

Is Wealth Arbitrage Legit?

No, this firm is not in any way honest, transparent or legitimate. Any information about the company name, status and legal background is omitted from the website.

How To Get Money Back From Wealth Arbitrage?

The best way to deal with these cyber criminals is to get in touch with our legal experts team that can help you recover the funds stocks with fraudsters behind Wealth Arbitrage.