Brokerage platforms are made to be alluring with their conditions and allegedly impressive backgrounds. These are oftentimes fabricated, as our TradeAi Group review shows.

Namely, the TradeAi Group broker claims to be one of the leading global trading organizations, catering to the needs of both novices and professionals. However, no substantiated proof of such claims exists, and we fear there’s a lot more to what meets the eye.

Real or Fake Association With the Cyprus Firm?

The website in question is quite shady and far from sufficiently transparent about their line of work, regulations and business conduct in general. Oneworld LTD is mentioned as the parent company. According to CySEC, this firm is regulated, not as an investment company, however, but as an ASP (administrative services provider). 

That puts a lot of doubt on the legitimacy of this anonymous brokerage business. Moreover, we can confirm they’re not regulated by any prominent authority like FCA, BaFin, ASIC and CNMV, whose databases we’ve searched.

Compared to proven fraudsters like FXBravo, this online platform is no better. Segregation of funds, compensation plans and AML measures in combination with risk-reducing strategies are some of the hallmarks of a reliable brokerage. These swindlers have none of it to offer.

Fraudulent Scheme Uncovered

The website that hosts the fraudulent scheme, tradeai-group.com, was launched in July 2023. The primary targets are citizens of these nations:

• United Kingdom
• Ireland
• Belgium
• Netherlands
• Denmark

Majority of online frauds, including this one or MyProfitLive for instance, rely on the boiler room agents to get new victims to invest funds.

These persuasion experts rely on a pre-written script to entrap their marks and steal the money. Depending on the payment method, the money is more or less difficult to recover, but recovery is ultimately a task for a professional.

Fake Online Content

Looking at the TradeAi Group reviews out of context, you will see just how repetitive the majority of them are. If you pay a bit more attention, you will see that separate people have somehow managed to post identical texts on at least 4 separate platforms – TrustPilot, SiteJabber, Reviews.io and TrustedReviews!

This is not mere coincidence, but the work of the notorious review seller networks. These are paid individuals whose job is to post misleading content, and set the foundation for the work of scam agents.

Fees Make it Not Worth the Trouble

If you’re attracted by high leverage, you’re advised to pick a regulated broker that can offer you up to 1:500 ratio instead of this sham that uses his setting as a bait. 

Additionally, other trading terms such as spreads and commissions are not revealed, only marked as “standard”, whatever that is supposed to mean. 

However, fees are what you should be especially careful about. This fraudster is particularly ruthless and charges:

• 3.25% management fee per 6 months
• 3.50% quarterly trading commission per quartal
• 25% fee for early withdrawal
• 30% benchmark fee

Bonus With Hidden Clauses

Depending on which account type you decide to buy, you may become eligible for a bonus between 50% and 100%. However, this is not withdrawable unless you meet the impossible requirements. The minimum trading volume required, according to legal docs, is (bonus amount + Deposit) x25.

Is Any Feature Of Use?

Unfortunately, the answer to this question is not a positive one. From the rudimentary web app and shabby trading conditions to unrealistic promises of returns, everything here is simply too good to be true. That efficiently deems it untruthful and exaggerated.

All Too Familiar Web App

TradeAi Group Forex trading software is a plain and rigged web terminal that doesn’t quite instill trust. Considering how simplified it is, it is evident that it’s devoid of any advanced functionality and options for in-depth analysis. 

Such platforms are known to be heavily manipulated by an abundance of false online financial services providers, so make sure you’re choosing a regulated firm to sign up with.

Products Provided

Creating a TradeAi Group login opens way to buying and selling the following asset groups:

• Crypto (Bitcoin, Dash, Dogecoin, Ethereum)
• Forex (EUR/USD, USD/JPY, EUR/CHF)
• Indices (SWI20, US30, US500, USTEC)
• Shares (HSBC, LLOYDS, PHIL-MOR)
• Commodities (Coffee, Cotton, Gold)

Costly Minimum Deposits

Looking into the TradeAi Group account types, you’ll see the usual tiered live trading accounts, all too common with financial swindlers. Those that invest more funds are promised benefits like guaranteed ROI from 9% to 15% monthly, for instance.

When compared to the $10 micro accounts popular with regulated firms, the prices are incredibly steep:

• Bronze – €5,000
• Silver – €25,000
• Gold – €100,000
• Platinum – €250,000
• VIP – €500,000
• Diamond – €1,000,000

Unfortunately, creating an account can’t be completed unless you’ve already been contacted by an agent beforehand.

Vague Withdrawal Policy

The company advertises various payment methods like bank cards and direct bank payments, but since we couldn’t access the dashboard we couldn’t verify any of this. The legal documents made available to the clients are purposely vague and full of weasel words, but still contain some clues about TradeAi Group withdrawal.

Bank wire withdrawal, for instance, has a minimum of $500 and a bank card withdrawal a $100 minimum. Now, notice how the deposits can only be done in EUR and withdrawals in USD? This is contrary to AML regulation, and is forbidden by international law.

24/7 Support is a Joke

Getting in touch with the customer service on this portal is incredibly complex. Although you will see advertisements about it being available around the clock, no one bothered to reply to our inquiry for hours. Allegedly available methods of communication are:

• Email
• Phone
• Online form

Need Help With Chargeback? Count On Us!

Forex markets are a dynamic ecosystem that can be both a gateway to financial success, but also a reason to permanently give up on trading. That’s why we always advise caution.

If you’ve already been sucked into a TradeAi Group scam investment trap, there’s still a way to get your deposit back. Contact our legal advisors and chargeback experts for detailed information.

FAQ Section

What is TradeAi Group?

The platform is a fraudulent attempt, designed to steal investors’ deposits and prevent them from withdrawing anything.

Is TradeAi Group Legit?

According to our investigation, the license is not real, and association with the said firm is fabricated, so the answer is no.

How to Withdraw Profits From My TradeAi Group Account?

You can attempt to submit your withdrawal request but the cons will come up with countless reasons to prevent it. Therefore, you should contact our legal crew for support.

0 (0)

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

DexTech faces suspicion of fraudulent activity with its website https://efin.com operational. The company lists its address as Dammstrasse 16, 6300 Zug. However, caution arises as the Swiss Financial Market Supervisory Authority (FINMA) has issued warnings against it. Despite website accessibility, potential investors are advised to exercise diligence before engaging with DexTech due to regulatory alerts. Such warnings from credible financial authorities indicate possible risks associated with the company’s operations, prompting individuals to tread carefully when considering any involvement with DexTech and its purported activities.

DexTech Website – https://efin.com

Website Availability – Yes

Address shown – Dammstrasse 16, 6300 Zug

 Warned By – Swiss Financial Market Supervisory Authority (Switzerland)

Domain Age of DexTech

Domain Name: EFIN.COMRegistry Domain ID: 2333489_DOMAIN_COM-VRSNRegistrar WHOIS Server: whois.ascio.comRegistrar URL: http://www.ascio.comUpdated Date: 2021-03-13T05:20:05ZCreation Date: 1997-09-29T04:00:00ZRegistry Expiry Date: 2030-09-01T04:16:50Z

Important elements that show if DexTech is a fraud or not

Unregulated Status

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

Investors should take negative reviews and fraud complaints linked to DexTech 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 DexTech. 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 DexTech 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 DexTech or other scams and preserve their financial assets by following the above-mentioned suggestions and keeping cautious. Keep in mind that extensive research and due investigation, such as reading a DexTech review, are critical to ensure a safe and dependable trading experience.

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

Get a Free Consultation

If you are the one who got scammed by DexTech 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.

DexTech Review: DexTech Scam Conclusion

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

Give this broker a rating

Click on a star to rate it!

Submit Rating

Average rating 0 / 5. Ratings 0

No rating so far! Be the first to rate this broker

0 (0)

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

ProfitFife, allegedly operating from Australia, faces suspicions of fraudulent activities. Its website, profitfife.com, is inaccessible, raising concerns about its legitimacy. The National Securities and Stock Market Commission of Ukraine has issued warnings regarding the platform. This convergence of indicators suggests potential scam involvement, prompting caution among investors. Due diligence and scrutiny are essential when engaging with such entities to mitigate financial risks. Investors are advised to verify credibility through reputable sources and exercise prudence in their financial endeavors to avoid falling victim to potential scams.

ProfitFife Website – https://profitfife.com

Website Availability – No

Address shown – Australia

 Warned By – National Securities and Stock Market Commission (Ukraine)

Important elements that show if ProfitFife is a fraud or not

Unregulated Status

One of the primary warning signs that investors should be wary of, as noted in the ProfitFife 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 ProfitFife 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 ProfitFife Review. For prospective investors, the amount of unfavorable reviews and stories of fraud using Profitfife.com raises suspicions. The company’s legitimacy is called into question by several claims of financial losses, unethical behavior, and fraudulent practices. Prospective clients should investigate brokerage firms and go through other people’s experiences with ProfitFife before trusting their investments to any of them.

Investors should take negative reviews and fraud complaints linked to ProfitFife 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 ProfitFife. 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 ProfitFife 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 Profitfife.com or other scams and preserve their financial assets by following the above-mentioned suggestions and keeping cautious. Keep in mind that extensive research and due investigation, such as reading a ProfitFife review, are critical to ensure a safe and dependable trading experience.

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

Get a Free Consultation

If you are the one who got scammed by ProfitFife 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.

ProfitFife Review: ProfitFife Scam Conclusion

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

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

Read about Chargebacks

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

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

Give this broker a rating

Click on a star to rate it!

Submit Rating

Average rating 0 / 5. Ratings 0

No rating so far! Be the first to rate this broker

Welcome to the PrimeOakmont Review. Since we read numerous complaints and found several warnings issued against this fraudulent broker, we decided to do this review and put the final nail in PrimeOakmont’s coffin. The scammer’s website was taken down but that didn’t stop us from releasing the truth. Sit back and begin reading about this atrocious plot to defraud traders.

​​What’s more, we strongly recommend that you avoid the fraudulent brokers APM Capital, Decode Global, and TigersFM.

PrimeOakmont Is a Scam Platform?

Our little crypto scammer is a far cry from a regulated broker. We found three different phone numbers on the hoax website – one for the UK, one for Canada and one for Poland. Hence, there’s reason to believe that PrimeOakmont targets traders from these countries. Luckily, the Canadian regulators were quick to react to this threat but more on that later.

Needless to say, such a shady broker cannot possibly be registered with the respective regulators, especially with the UK’s FCA since that institution has high demands.

PrimeOakmont is an outrageous scam broker that offers crypto trading. There are multiple warnings against the broker issued by Canadian regulators. PrimeOakmont targets traders from Canada, Germany, Slovenia, Poland and the UK.

Some Reasons Why It Is Better To Trade With a Licensed Broker

As mentioned, the shady broker is unregulated. Let’s see what you’ll miss out on if you trust PrimeOakmont with your money.

You won’t have your funds stored in a segregated bank account, there’s no negative balance protection, and no compensation scheme in case the broker goes bankrupt. Plus, the broker does not have to have a high minimum operating capital. What you will get is extremely high leverage that will certainly lead to trading losses.

Public Warnings Issued by Canadian Regulators

It seems PrimeOakmont managed to piss off multiple financial market watchdogs in Canada. That landed the financial swindler on the controversial blacklist. Therefore, there shall be no dealings with PrimeOakmont henceforth. Check out the warnings below by the OSC, the CSA, the BCSC and the FCSC.

What Trading Software Does PrimeOakmont Offer?

We expected a sublime trading platform but got WebTrader. What a shame. But with such an amazing advertisement, it’s no wonder newbie traders believe in it. In reality, WebTrader is a simple browser-based platform that lacks advanced tools and features.

Moreover, given PrimeOakmont’s illicit status, we have reason to believe that this platform is rigged! Yes, the fraudster sets up fake numbers and charts while only accepting deposits. No profits here, folks. 

What Сan Be Traded? – Assets List

According to PrimeOakomont’s website, this con artist deals only with crypto assets:

• Bitcoin;
• EOS;
• Ripple;
• Ethereum;
• Litecoin.

Cryptocurrencies and the whole concept, in general, is relatively young and therefore, risky. With all the controversies and crashes going on lately, this territory is really unpredictable. This gives rise to countless scams, like our case here. PrimeOakmont is undoubtedly a crypto scam.

What Are Traders Saying About PrimeOakmont?

At the time of this writing, there were a total of 38 reviews on TrustPilot. However, the website made a clear statement saying that several reviews were removed on suspicion that they were fake. We believe that every single positive review on Trustpilot was written by the scammer’s agents or bots.

As for the real reviews, we found several that confirm our claims of PrimeOakmont being a scam. One user from Great Britain wrote the following:

Do not answer a call from this company.

They are the 😈. Do not give them 5 secs. If you do, then they will suck you in and scam you in taking any money you have.

The good reviews on here are fake.

I warn you, if you answer a call and deal with these people you will have your money taken. Be aware of these brokers, they are clever with their chat and if you even let them talk to you, you will end up taking their bate, then you will lose your money.

– Trustpilot Customer, June 17, 2022

AnyDesk and TeamViewer 

The good old “verification” programs. The inclusion of these two apps took the scam to a new level. AnyDesk and TeamViewer allow one user to access the desktop of another. PrimeOakmont disguised this as customer support. In reality, the fraudster yearns to gain access to your PC and any finance-related personal documents on it. You must never allow this!

PrimeOakmont  – Countries Of Service

The website of this scammer has been active since August 2021 up until recently. From what we gathered, PrimeOakmont mainly targets unsuspecting victims from the following countries:

• Canada;
• Germany;
• Poland;
• Slovenia;
• United Kingdom.

Fortunately, the Canadian financial market regulators found out about this and issued warnings. We hope they reach traders in time to prevent the realization of this terrible plot.

Also, remember the names of the Solar Markets, BCH Advance and Zetano trading scams and avoid them at all costs! Moreover, always check the background of online trading companies before investing!

What Do We Know About PrimeOakmont Account Types?

PrimeOakmont offers six different account types:

• Mini – EUR 250;
• Silver – EUR 1,001;
• Gold – EUR 5,001;
• Platinum – EUR 50,001;
• Diamond – EUR 100,001;
• VIP – EUR 250,001;

Definitely not worth risking with the financial swindler. The leverage ranges from 1:200 to a whopping 1:1000! Withdrawals, if any, allegedly take up to five business days.

Can a Trader Open a Free Demo Account?

No demo account here, people. This screams scam right in our faces. Any legitimate broker will include a demo account. After all, how are you supposed to know what you’re getting?

About Leverage, Spreads and Fees

As mentioned, leverage goes all the way up to 1:1000. Considering that the legal limit for crypto trading is 1:5, you do the math. Volatile markets such as the crypto ones are dangerous at high leverage, hence the 1:5 cap.

When it comes to spreads and commissions, we know nothing about them. Prime Oakmont wasn’t transparent at all.

High Minimum Deposit and Withdrawal Terms

The minimum deposit is not unusual – EUR 250, albeit too high due to Prime Oakmont’s unregulated status. There are bonuses. This is bad news because bonuses are illegal. They always come with strings attached that would prevent you from withdrawing money.

Choice Of Payment Methods

The unscrupulous broker accepts only Bitcoin payments. How typical of PrimeOakmont. Scammers sure love their crypto because it allows them to remain anonymous while conducting their wrongdoings. Crypto transactions are considered irreversible but that’s not entirely true.

Scammed by PrimeOakmont Broker? – Let Us Hear Your Story

That’s terrible news. Don’t worry buddy, we’re here to help! Aside from reporting the foul scammer, we can also tell you about a potential method of getting a refund. We call it crypto tracing. If you need anything else, don’t hesitate to give us a call!

But What Is Crypto Tracing?

• Crypto transactions allow full anonymity;
• These assets include Bitcoin, Ethereum, Tether, Ripple, Dash, etc;
• Nevertheless, they can be traced to a certain wallet within a crypto exchange;
• Once that’s done, you can request a refund from the exchange and hope for the best.

What Is PrimeOakmont?

PrimeOakmont is an unregulated offshore scam broker based in Seychelles that offers crypto trading.

Is PrimeOakmont a Scam Broker?

PrimeOakmont is an obvious scam broker since it has been blacklisted by multiple Canadian regulators.

Is PrimeOakmont Available in the US or UK?

The broker is available in the United Kingdom but not in the United States.

Does PrimeOakmont Offer a Demo Account?

PrimeOakmont does not offer a demo account on its website.

According to the company’s legal documents, Hxeyy trading brand belongs to the “so-called” Scottish Group. The same firm is running another copy-pasted website, csecrypto.co. Even if the Scottish Group was licensed, this would be problematic.

In general, if the company operates legitimately and is successful, there’s no need for another brand. Unless they are expanding in other jurisdictions. In any case, this Hxeyy.co review reveals all the secrets of this bogus scam.

Legal info: Is Hxeyy.co legit or a scam?

At least one thing is guaranteed about this firm: It’s not legit. This is primarily because the company is not licensed by any current authority worldwide, especially not by top-tier ones like FCA, BaFin, ASIC, or CFTC. Consequently, the fund’s protection measures are set to zero.

In addition, the company is hiding many important details, such as ownership information, addresses, and transparent contact information. All these details led to numerous negative Hxeyy.co reviews.

Who are Hxeyy.co’s Victims?

If you think the company’s customers are not victims, make sure to check their registration date. In particular, their current domain was registered in January 2024. Thus, the company claims to have more than five years of experience in digital asset services. Not with this trading brand, for sure. 

Nevertheless, countries that are mainly targeted by this company are: 

• United States
• Canada

Important to realize that both countries have quite strict regulations. Yet, this firm didn’t acquire any of the necessary licenses to provide services there. If you were using Hxeyy.co wallet as well, and if you experience any issues, contact our refund experts immediately for a refund consultation.

Traders Reviews

To be fair, the Hxeyy.co crypto exchange doesn’t have exact reviews. However, their predecessor, csecrypto.co has tons of negative comments on the Reddit platform. If you check the previous platform domain age, you will see they were registered in November 2023. And now you understand how they have five years of experience. They just change their name when they get exposed.

Nevertheless, the biggest issue with this company is obviously the withdrawal procedure. Luckily, crypto transfers are nowadays easily traceable. If you want to get your funds back, feel free to contact us for consultation.

Leverage, Commissions, Spreads, Fees and Taxes

Another key disadvantage with Hxeyy.co trading company is zero cost transparency. Literally, zero information is provided, resulting in unexpected fees, taxes, and other costs. That’s why it’s important to work with top-tier licensed firms. Unfortunately, Ton Fx is not one of them.

Bonuses

Bonus incentives with scam firms are quite often. However, this firm, with its quite poor presentation, doesn’t provide any details about it. But you shouldn’t be surprised if they offer you some bonuses. Don’t trust it a bit because they will trick you into paying them more money.

Hxeyy.co Trading Features

All the features of Hxeyy.co exchange can be questionable, primarily due to missing regulations. They can present you with anything they want. But if they will deliver it remains a mystery. 

On top of that, all the features available there are pretty basic ones. If you are looking for any advanced options like social and copy trading, look elsewhere.

Trading Platforms Available

In addition to poor features, the company offers only a web-based platform. The company’s staff can easily modify what traders see and make them believe the fictive profits they are gaining. 

Consequently, they decide to throw more money away. Logically, everyone would fall for it. But now you know the trick. If you want to learn more, check our Delta-stock.com review as well.

Available Trading Assets

Tradeable assets with this company are only related to cryptocurrencies. Even though three trading options are available – spot, contract, and options – these are only tied to crypto assets. These include: 

• BTC
• ETH
• ECHO
• GENA
• MAGIC and many more

Account Types

Usually, with crypto exchanges, traders get better fees if they have a higher trading volume. It’s a win-win situation. However, scam exchanges are only a trick to extort more money from a client. 

With Hxeyy.co scam company, that will be another mystery. They don’t reveal any information about any promotions or benefits.

Mobile Trading App

If you want to use trusted iOS and Android apps, you better find a Tier 1 licensed firm. Non-regulated ones often use proprietary apps that are not even listed in trusted stores. 

But to make everything worse, this firm doesn’t offer that. Instead, you can use their fairly non-optimized WebTrader on a mobile.

Demo Account

As with many other exchanges, this one doesn’t include a demo account in its offer — if there’s any legitimate offer at all. In any case, if you check any Tier 1 licensed brokerages, you can play with a demo before you invest any money. Here, that’s not the case.

Education

To be a successful trader, you primarily need adequate knowledge. Tools are practically useless if you don’t know how to use them. Sadly, with Hxeyy.co company, you won’t have the satisfaction of learning about the crypto world.

Hxeyy.co Withdrawal

Without a clear withdrawal policy, traders can expect any obstacle they can think of during the withdrawal procedure. But keep in mind that even if they have a policy, it’s worthless without a license. In any case, top-tier exchanges offer withdrawals within 24 hours. 

With this one, we highly doubt it’s that quick. Especially with non-transparent fees, they will ask you to pay, extending the process even more.

Customer Support

The only available contact detail is the e-mail address. Thus, working hours, live chat, phone lines, or social networks are not part of the deal. Which is a clear sign the company will vanish eventually.

Key Information To Consider About Hxeyy.co

Whatever you look at with this company, there’s something suspicious. However, the primary problems are a lack of transparency and missing regulations. Therefore, you can’t expect anything good from them. Thus, you shouldn’t be ashamed if you get scammed. These swindlers know how to persuade inexperienced traders. The key is to do something about it.

That’s why our refund specialists offer the first consultation completely free. Ultimately, the choice is yours if you want to proceed or not. Don’t let these swindlers get away with your money. Book your meeting today!

FAQ Section

What is Hxeyy.co?

Hxeyy.co is a fraudulent and anonymous crypto exchange allegedly operating under the ownership of Scottish Group which also runs another scamming exchange.

Is Hxeyy.co Legit?

Absolutely not. The company is completely non-transparent and operates without any regulations for digital asset service providers.

What is CipherTrace?

CipherTrace tool helps authorities follow crypto transfers and our team uses it for funds recovery procedures. For more information, don’t hesitate to reach out.

Nixse investment company is trying hard to present itself as transparently as possible. It provides legal information, address, and contact details like any other legitimate firm. Thus, there’s one simple catch with it.

If you don’t recognize it, you could end up with a huge problem. That’s why we invite you to read this Nixse review carefully if you want to avoid investment scams in the future.

Legal Info: Is Nixse Legit Or A Scam?

A lack of regulations is one of the first signs this company is not genuine. That’s the catch that makes the whole business different. If they were licensed, we could trust what they claim to offer. Without trusted regulations like FCA, ASIC, BaFin, or CFTC, it’s all meaningless. Not to mention, the company has been found on multiple warning lists, primarily of Canadian CSA and Dutch AFM.

Another huge problem is that this firm has an exact copy-pasted website on another domain, Ava Xchange. Since the registration number is the same, it is most likely run by the same group of swindlers. Nobody is insane enough to copy unregulated brokers if they want to do it the right way.

Who Are Nixse’s Victims?

Surprisingly, this company has been operating for quite a while. To be precise, since 2020. Yet, their reputation was destroyed with Nixse reviews. Primarily because those reveal they are mainly targeting traders from: 

• France
• United Kingdom
• Germany
• Canada

You will notice these are all countries with top-notch regulatory oversight. Thus, Nixse is not regulated by any of those. And this is just one in thousands of companies running similar schemes. For more details, read our 24 Era and BitPlus Capital reviews.

Traders Reviews

As can be seen on the Trustpilot platform, the Nixse app is not as credible as the company presents it to be. Many traders reported issues with withdrawals, unexpected losses, frozen accounts, and disastrous support.

The main problem lies in the Nixse NX Trader, which is completely manipulated by these fraudsters. All these problems could be avoided by choosing Tier 1 licensed brokers. But first, you should recover the money lost with this firm. For detailed guidance, please tell us more about your experience.

Leverage, Commissions, Spreads, Fees and Taxes

One of the major red flags with this company is a lack of transparency in trading conditions. Practically, the company doesn’t reveal any costs, and they expect you to trust them in their word. 

Not to mention, the company presents its high leverage of up to 1:400 as a benefit. But if they were regulated, it would be a maximum of 1:30 or 1:50.

Bonuses

Once traders complete the Nixse login procedure and choose their account type, they can also get a bonus credit. It’s only 15% for the basic account, while for the others, it’s not disclosed. 

Thus, the problem lies in the fact that bonus policies are hidden. Most likely because of shady clauses that will cause problems during Nixse’s withdrawal in the future.

Nixse Trading Features

According to the Nixse website, there are advanced charting and trading tools available. But also automated ordering features. Thus, without a reliable platform, it’s hardly believable that such features truly exist.

Trading Platforms Available

As can be seen, Nixse broker highly promotes its proprietary NX Trader trading platform. Allegedly, it’s available for download on desktop devices. Thus, the download button leads you to the login page and, consequently, to Webtrader. 

If they can’t link a button to an appropriate download page, what makes you think they can create auto-trading features?

Available Trading Assets

Generally, the company’s instrument availability is quite solid. There are more than 500 assets available over five main categories. Thus, market data about those is highly questionable without regulations and trusted trading software. 

In any case, you can trade:

• Forex – EUR/AUD, CHF/JPY
• Indices – DAX30, ASX200
• Shares – IBM, AMD
• Commodities – palladium, platinum
• Cryptos – BCH, ETH

Account Types

Another problem with this brokerage is the account types offered. They require traders to pay $10k and more for fictional benefits, such as technical market signals, analyst price targets, advanced educational tools, VIP events, etc. Practically, this is a basic offer with Tier 1 licensed brokerages. 

Anyway, traders can choose between:

• Silver – $10.000
• Gold – $25.000
• Platinum – $100.000
• VIP – $250.000
• Black – $1M+

Mobile Trading App

The same problem applies to desktop apps; download options for mobile apps don’t lead to trusted stores. Instead, it gets you on a login page of this company. But that’s the downside of missing Nixse regulation.

Demo Account

Considering the high requirements for a Silver account, a demo account is something absolutely necessary here. Yet, this company doesn’t care about it. They point straightforwardly to your pockets and want you to hand them money. But most likely, they will accept far less than $10k to get you started.

Education

It should be noted that this broker doesn’t offer any details about its educational program. It only mentions that traders can get some kind of education from them. Fairly, with all the problems mentioned so far, we wouldn’t trust this either.

Nixse Withdrawal

With all the issues traders were reporting, withdrawals will probably never happen. No matter what the company claims, it’s not a licensed business. Therefore, they are not obligated to comply with any laws or regulations. 

Nevertheless, withdrawal processing time takes five days and will most likely include verification of banking details.  Which is the oldest trick to prolonging the process. Not to mention that withdrawal fees are not disclosed. So, you can expect more delays there.

Customer Support

Even though the company’s support might look promising, it appears to be useless. At least according to the company reviews. 

Nevertheless, it’s refreshing to see phone lines and live chat available as contact options. But also, there’s an e-mail address. Yet, with all the complaints against it, especially during the withdrawal procedure, don’t rely much on it.

Key Information To Consider About Nixse

The key problem with this company is that they are not regulated and have been found on warning lists. But also, that there’s another exactly the same brand. 

All in all, the company is far from legitimate, and we recommend that you request a withdrawal immediately. If any unexpected problem occurs, our team is at your disposal to consult for a refund.

FAQ Section

What is Nixse?

Nixse is an FX and CFD trading firm allegedly based in Taiwan that has been active since 2020.

Is Nixse a Legit Broker?

No. The company is primarily not regulated and on top of that, there are warnings against them from CSA and AFM.

How to Get Money Back From a Trading Scam?

The easiest way is always a chargeback. But if it’s available. Also, there are other options but we recommend you talk it through with our refund specialists.

0 (0)

Inefex Review 2024: Is it a Scam or Legit?

Within the financial industry, brokers are essential in helping investors all over the world with their trading activity. However, not every broker follows the law and does business with the same ethics. The offshore brokerage Inefex has been under investigation lately because of issues with its general reliability, transparency, and regulatory standing. This comprehensive Inefex review explores every aspect of the company and illustrates why investors should take care when considering its offerings.

Inefex Website – https://www.inefex.com/

Website Availability – Yes

Address shown – Suite 803, 8th Floor, Hennessy Tower, Pope Hennessy Street, 11328, Port Louis, Mauritius

Warned By – Not Recommended By Review Website Like Report Scam

Domain Age of Inefex

Domain Name: inefex.com

Registry Domain ID: 2482399048_DOMAIN_COM-VRSN

Registrar WHOIS Server: whois.godaddy.com

Registrar URL: https://www.godaddy.com

Updated Date: 2024-01-10T10:01:31Z

Creation Date: 2020-01-20T03:16:35Z

Registrar Registration Expiration Date: 2025-01-20T03:16:35Z

Questionable Regulation and Lack of Transparency

The regulatory position of Inefex, or rather its absence from regulation, is one of the main issues. Under the ownership of Novir Markets Ltd. and registered in Mauritius, an offshore country renowned for its lax regulatory framework, Inefex functions independently from the supervision and examination applied by respectable financial regulators. For prospective investors, the lack of a legitimate regulator creates suspicions since it suggests that their money is neither protected nor held accountable.

Moreover, Inefex’s lack of transparency hinders its efforts to project credibility as a brokerage. Even though their website seems professional, a closer look shows some obvious flaws. Furthermore, the secrecy surrounding the company’s activities gets worse by the absence of social media connections and other communication channels. An observant trader should see these shortcomings as red flags, suggesting possible problems with accountability and accessibility.

Inadequate Trading Conditions and Platform Functionality

Inefex does not offer compelling trading conditions as compared to industry norms. Its trading platform isn’t as advanced or useful as popular platforms like MetaTrader 4 (MT4) and MetaTrader 5 (MT5), even though it provides fundamental functions for placing orders, customizing charts, and doing technical analysis. This shortcoming makes it more difficult for traders to carry out complex trading methods successfully and efficiently, which disadvantages them in the competitive financial markets.

Furthermore, Inefex offers leverage at unacceptably high ratios—up to 1:500 for all account kinds. These kinds of leverage are extremely risky for traders and are uncommon with authorized brokers. High leverage can boost possible gains, but it also greatly raises the risk of significant losses, particularly in unpredictable market circumstances. Reputable authorities usually place restrictions on retail traders’ leverage to reduce these dangers, which emphasizes Inefex’s contempt for responsible risk management procedures.

Challenges in Customer Support and Withdrawal Process

Not only does Inefex offer poor trading conditions and platform functioning, but it also falls short when it comes to customer service and fund withdrawal procedures. With just a few customer service options—phone, email, and chat—traders could find it challenging to get help quickly or to fix problems with their accounts. The whole user experience is compromised by this lack of prompt and helpful support, which also reduces confidence in the brokerage’s dedication to client happiness.

For traders trying to access their money, further complications and irritation are added by the use of withdrawal fees and different restrictions according to account type. Legitimate brokers work to make withdrawal procedures easy and free of extra costs, but Inefex’s withdrawal restrictions might scare off investors and cast doubt on the company’s intentions.

Mixed Inefex Reviews By Users

A brief look at websites like Brokersview.com and Trustpilot reveals a variety of Inefex reviews. While some users could be happy with what they experienced, others would be worried about things like bad customer service or trouble making withdrawals of money. The absence of thorough comments and a strong web presence, however, cast doubt on the veracity and legitimacy of these evaluations.

Inefex Review Conclusion

As the Inefex Review indicates, Inefex markets itself as an offshore brokerage with dubious regulatory standing, poor trading circumstances, and mediocre customer service. When thinking about using its services, traders should proceed with care because the hazards of funding opaque and unregulated businesses significantly exceed any possible rewards. To protect their money in the volatile and dynamic world of financial markets, investors are encouraged to instead look for respectable brokers with a history of regulatory compliance, transparency, and client happiness.

Reclaiming Lost Funds with Report Scam

Report Scam offers support to victims of the Inefex scam to recover funds. To help with the process of recovering lost money, our team provides in-depth assistance and free consultation.

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

Give this broker a rating

Click on a star to rate it!

Submit Rating

Average rating 0 / 5. Ratings 0

No rating so far! Be the first to rate this broker

While Opson International has a somewhat solid main page, the first thing to notice is the lack of security. The broker doesn’t have an SSL system, meaning that every detail you expose on their website, including personal information and banking details, can easily be stolen. No reputable broker would allow such a thing, and that’s how our suspicions started.

Also, read our Opson International review to find out more.

�

What About Opson International Regulation?

Opson International is allegedly a brand of Opson International Technology Services Co. Limited and is based in Hong Kong. Again, allegedly, the firm has existed since 2013. So, with such a long history, it must have obtained a license.

In addition to the above, we strongly advise you not to invest in VideForex, Finazio and Roicraft fraudulent brokers.

Why Must a Broker Have a License?

Upon checking HKMA of Hong Kong and other Tier1 registers, we’ve concluded that Opson International is not regulated. The firm does exist and has been registered in Hong Kong since 2018 but has never obtained a license. Furthermore, there’s a similar brand named SichCapitalz, also related to this fraudulent firm. In the same way, It seems that they have been marked a scam and shut down their operation.

Traders Reviews About Opson International Scam

As expected, traders’ reviews about trading company are negative. On the whole, clients are sharing their experiences, explaining how this firm was convincing them to invest the money and taking their personal information just for them to discover that all the money was stolen from their bank accounts.

Where Does Opson International Actively Operate?

The firm seems to provide the majority of its financial services to the residents of:

• US
• UAE
• Canada
• UK

However, there are no restricted areas, so you should be careful.

Supported Trading Platforms – Available Trading Software

The broker showed its incompetency to provide financial services when it hasn’t shown the platform. There’s a section dedicated to it, but all you will find is basic information about CFDs and margin.

So, the firm is anonymous, trading conditions are not disclosed, and the platform is nowhere to be found. In this way, we’re unsure if there is one.

Thus, if you want to start trading, find yourself a legitimate broker offering MT4 or MT5.

Everything About Opson International Trading Accounts

Again, we’re facing a broker’s lack of information. There are no account types, and you have no idea about the perks and deposits. Furthermore, the company is not mentioning the minimum deposit or withdrawals, so we’re entirely confused about the procedure.

All we know is that you’re required to invest money before being able to see anything on the website since there’s no Demo account available.

Opson International Range of Trading Instruments & Markets

Since there’s no platform, we are having a hard time verifying the list of trading instruments. However, the broker claims to offer:

• Currency pairs
• Commodities
• Indices
• Shares

As you can see, there are no cryptocurrencies.

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

Opson International Deposit and Withdrawal Methods

We’re missing information about the initial deposit. Yet, the firm claims to accept different e-wallets, local payment solutions, and more. Nothing is specified, while the option to register an account is out of function, so we couldn’t even confirm whether or not you can deposit with this firm. From all we know, this can be another scheme where employees will take your credit card and deduct money without your approval.

Be careful and avoid shady firms such as Opson International.

Scammed by Opson International Broker? – Tell Us Your Story

As you can conclude, being scammed by Opson International is relatively easy. The firm gives no information, the website is entirely non-functional, and the company is anonymous and unregulated. Therefore, if you have any withdrawal issues, it’s time to file a dispute for a chargeback.

But What Is A Chargeback?

This is a way for the bank to refund the money if you have been a victim of an online scam. Since the process is time-limited and requires certain expertise, we would love to assist. Contact us via online chat to book a FREE consultation, and let’s get your money back before this firm is gone.

What Is Opson International?

Opson International is an unregulated Forex and CFD trading provider from Hong Kong. If you have been scammed by this firm, contact us for assistance with the refund.

Is Opson International Scam Broker?

Opson International is a scam, unlicensed trading firm. It has no platform and doesn’t provide any important information.

Is Opson International Available in the United States or the UK?

The company offers its services in both the UK and the US.

Does Opson International Offer a Demo Account?

No, Opson International doesn’t offer a Demo account. We highly doubt there’s even a trading platform with this firm.

One of the first things we realize about XetraCoin is a lack of transparency, primarily about ownership and legal details. This is quite surprising for a company presenting itself from the United States.

In any case, once you read this XetraCoin review, you will know exactly what to do next. But also, you will be prepared for future endeavors if you decide to continue with your trading career.

Legal Info: Is XetraCoin Legit Or A Scam?

The first scam sign was already revealed. But what are the others? First, as a US-based company, XetraCoin should be regulated. To be fair, they claim to be but don’t reveal authority. Some of the favorable choices should be the CFTC, SEC, or NFA. Yet none of these databases hold any records of this company being licensed, which will later be logical once you see XetraCoin reviews.

In any case, without regulations, this company can do anything they want. Practically they are anonymous and once they decide to disappear, they will do that. But traders will be left with nothing and without any compensation scheme due to missing regulations. Keep that in mind when choosing your broker.

Who Are XetraCoin’s Victims?

Overall, the company’s target areas are not very common. But we know from experience that they will keep spreading their scamming network. After all, they have been in the business only since 2023. 

Nevertheless, if you are coming from the following countries, be extremely careful: 

• Greece
• Cyprus
• Netherlands
• Israel

No matter where you are, you definitely have a domestic company that is far more reliable. So, be wise when choosing a broker, and make sure to educate yourself about the trading world. You can start with our RedStarChain review, and if you need refund advice, contact our refund team.

Traders Reviews

Considering the company’s short lifespan, it’s not surprising there are only 6 comments on Trustpilot. However, those are more than enough to expose the company’s shady activities. 

It appears that all traders experience the same issues, such as fictive trading platforms, manipulations, non-existent fees, taxes, and, most importantly, withdrawal problems. If that’s your case as well, contact our chargeback experts for consultation before it’s too late.

Leverage, Commissions, Spreads, Fees and Taxes

It’s important to realize that the company doesn’t reveal any investment costs. Allegedly, they offer tight spreads and high leverage. However, none of those details are precisely explained, which is already a red flag for a broker.

In any case, if you know what limitations regulated brokers have, you will be safe. For instance, European brokerages mostly offer leverage of 1:30 while US and Canadian brokers offer 1:50. And to see how high leverage can impact your account, read our Verify Markets review.

Bonuses

As can be seen, XetraCoin account types reveal that all accounts include $0 gift bonuses. But it’s not revealed if the bonuses will be offered at some later stage. In any case, with unregulated brokerages, it’s never a good idea to accept any.

XetraCoin Trading Features

Apparently, the company has been offering multiple platform choices with “so-called” advanced features. Yet, those features are just the basic ones any trusted platform has. 

In general, if you check the company’s offer, you won’t see anything advanced about it. But the key is in their ad campaigns, which mainly advertise auto-trading platforms. Whenever you see those, be extremely careful.

Trading Platforms Available

According to the company’s presentation, multiple platforms are offered. One of those advertised is MetaTrader, and the other is its proprietary web-based platform. 

Thus, after registration, you realize that MetaTrader is not part of the deal. After all, the company can’t manipulate details on MT, and that’s why they manipulate customers to use their own platform.

Available Trading Assets

If there’s one thing the company has no reason to hide, it is its instrument availability. They briefly mention you can trade assets from all top 5 categories.  Yet, without any more details revealed. In any case, you can expect: 

• Forex – USD/EUR, AUD/SGD
• Cryptos – BTC, DOT, XRP
• CFDs – gold, Amazon, Tesla, NASDAQ

Account Types

Considering the extremely high XetraCoin minimum deposit requirement, you should seriously rethink your decision to deposit with them. Firstly, their account types don’t reveal any relevant details. Only fictive returns that they have failed to present properly. Most likely, they considered providing fixed returns in percentages and not in specific currency. 

The options are: 

• Starter – $5.000 – $10.000 deposit / 1-month plan / 15-20% return
• Silver – $10.000 – $50.000 deposit / 1-month plan / 20-25% return
• Gold – $50.000 – $100.000 deposit / 1-month plan / 30-35% return Gold
• Platinum – $100.000 – $1.000.000 deposit / 1-month plan / 50-5% return Gold

Mobile Trading App

Quite smartly, the company presents its platform availability on mobile devices. Yet, they don’t reveal that they didn’t develop the app. Instead, they claim to have an optimized platform for all mobile devices, which is rarely the case with scam brokers.

Demo Account

With their high deposit requirements, a demo account is more than necessary with this company. However, they don’t offer it and that’s another clear sign they are hiding something. Hopefully, you won’t fall for their cheap tricks to deposit money with them.

Education

Another reason not to trust brokerages like XetraCoin is because of the lack of educational programs available. Generally, every result in trading is based on knowledge. Sometimes on luck, of course. 

But still, to be consistent, you need adequate education. Which you won’t have with this firm.

XetraCoin Withdrawal

One of the most concerning details about this company is the XetraCoin withdrawal. Firstly, the company is not licensed even though they claim to be. Secondly, they don’t reveal any withdrawal policies. Which wouldn’t even matter without regulations.

Thirdly and lastly, they don’t reveal any fees, processing time, or methods. And there you go, a perfect recipe for a scam.

Customer Support

If you have any issues with the XetraCoin scam broker, you should reach out to their famous support. Allegedly, it’s available 24/7 and operates via e-mail, phone line, and live chat. 

However, many traders failed to reach them when seeking withdrawals. Especially for the XetraCoin crypto deposits.

Key Information To Consider About XetraCoin?

In general, there are zero reasons to trust this fake investment firm. But we understand that we sometimes get deluded with fancy ads about our future. It can happen to anyone. Nevertheless, you realize now why unregulated brokers with untrusted platforms can be a problem.

And if you have ever been scammed by those, there are three things to do. Firstly, report them to the local regulators. Secondly, leave a review anywhere you can. Lastly and most importantly, contact us for a free first refund consultation.

FAQ Section

What is XetraCoin?

XetraCoin is a fraudulent and anonymous investment firm presenting itself as a trusted and reliable brokerage based in the US.

Is XetraCoin Regulated?

No. The company claims to be licensed but no regulatory databases hold any records of this company being regulated.

How to Get Money Back From a Scammer?

The easiest, yet not always available, method is chargeback. But very often traders need CipherTrace to recover crypto. For more details, contact our refund specialists.

As it seems, Exallt has been operating under the name Fluxlogy LLC. This company has been registered in Saint Vincent and the Grenadines and with this in mind, you can already predict what comes next.

Important to note is that numerous warnings connect this company to RJM Financial Services. Most likely, their predecessor owner. Nevertheless, our unbiased Exallt review brings all the necessary details to the light of the day.

Legal Info: Is Exallt Legit Or A Scam?

Since the company offers a UK phone line, it most likely presents itself to be from the UK. You will see that it is targeting mostly Europe and Canada. That’s why we are checking top-tier regulatory databases from those areas, such as FCA, BaFin, FMA, ASIC, and IIROC.

Thus, it didn’t take long to realize this company has never been regulated. Therefore, whatever funds protection they are talking about, you may forget it. After all it’s not surprising there are numerous negative Exallt reviews. But also warnings from trusted authorities, such as CNVM, FSMA, A-TVP, Finanstilsynet, FI and IOSCO.

Who Are Exallt’s Victims?

Generally speaking, through the company’s reviews and website traffic, it’s easy to determine who are their victims. Those mostly come from countries like: 

• United Kingdom
• Bulgaria
• Austria
• Canada
• Germany

But don’t think you are safe if you are coming from any other place. These swindlers have no limitations. Further proof can be found in our Victoria Coins review. But if any of these got your money, don’t hesitate to reach out for advice.

Traders Reviews

If we disregard regulations and low transparency, there is still proof of the Exallt broker scam. Primarily Trustpilot reviews. Currently, there are only 24 comments, and more than 60% negative. It’s not surprising since the company was registered in 2023.

Nevertheless, reading those comments can give you an idea of what to expect from this firm. Primarily manipulations with Exallt WebTrader, withdrawal problems, and no response from their support. Yet, with all these issues, you can still get your money back if you know the right steps. And if you want to find them out, send us a message right away.

Leverage, Commissions, Spreads, Fees and Taxes

One of the signs this company can’t operate in Europe is its leverage of up to 1:400. For a reason, European regulators and ESMA limit the leverage to 1:30. 

Important to realize is that none of the other trading conditions are revealed, such as swap rates, commissions, etc. At least we know traders can expect fixed, floating, and variable spreads. Yet, we are not sure how big those are.

Bonuses

On the positive side, without bonuses available, there’s one thing less to prevent your Exallt withdrawal. That’s a conclusion based on the company’s presentation. 

However, if you get any bonus offers along the way, hopefully, you will remember not to accept them. If you do, be sure there will be withdrawal problems.

Exallt Trading Features

The company presents its platform as the smarter, clearer, and smarter way to trade. Thus, once you complete the Exallt login procedure, you will realize it’s too far away from that. 

Most importantly, this broker doesn’t offer any advanced features whatsoever, such as EAs, copy trading, or social trading. Unfortunately, not even hedging, scalping, and netting are possible with such a mediocre platform.

Trading Platforms Available

We have to give credit to the company because they have developed a desktop application. There’s a download option available besides the mentioned WebTrader. 

But ask yourself, is downloading software from a fraudulent website a smart move? Definitely not. That’s why we advise you to download only third-party tools like cTrader or MetaTraders. Again, with licensed brokers.

Available Trading Assets

As can be seen, tradeable assets with this brokerage are quite standardized. Even the TBX Capital scam broker has the same offer. That doesn’t mean anything without a license. 

Anyway, you can trade assets like: 

• Forex (currency pairs) – USD/AUD, EUR/SEK
• Commodities – gold, platinum
• Shares – MasterCard, Google
• Indices – DAX30, ASX200
• Cryptocurrencies – BCH, LTC, USDC

Account Types

Another huge disadvantage of this broker is Exallt account types. Those will require more and more money, while in return you only get higher leverage and higher maximum trade size. Everything else is the same as with the previous account type.

In any case, the company claims the test account starts with $5.000. But nobody is crazy enough to throw away such an amount of money. Therefore, be careful because they will take even less than that from you. 

Anyway, the options are: 

• Test – $5.000
• Standard – $25.000
• PRO – $100.000
• VIP – $250.000

Mobile Trading App

Another problem with this firm is the lack of trusted mobile apps. Without iOS and Android apps, brokers can hardly compete with top-tier software solutions. Not to mention that trading via browser has never been a good experience.

Demo Account

If we trust the broker that Exallt minimum deposit is $5k, at least they should offer a demo account. In general, trusted and licensed brokers offer exactly that for testing. Thus, with Exallt scam broker you have to pay before testing.

Education

When it comes to education, this company offers only short articles about a few topics. Practically, it is something completely useless when it comes to trading on real accounts. To sum it up, they don’t have adequate education.

Exallt Withdrawal

One of the key issues with this company is, of course, withdrawal. In the end, it all comes to that. Even if they offer the worst rates and software, if they give you your money, you might stay with them. 

Unfortunately, that’s not the case here. Especially because the processing time takes 15 business days. However, with Tier 1 licensed firms, you get a withdrawal within 24 hours.

In any case, such a long time gives them enough time to make an excuse not to approve it. On top of all, they charge €75 for a bank transfer processing fee. Moreover, none of the other fees are not disclosed. So, be prepared for surprises.

Customer Support

It’s hard to know if the company’s support is reliable or not. But one thing is sure. Without regulations, you can’t trust it at all. Anyway, this company can be reached via e-mail and phone line. Most likely useless ones if you are looking for a withdrawal.

Key Information To Consider About Exallt

The only thing you should remember about this firm is that it’s not regulated anywhere. On top of that, there are numerous warnings against their founders. So, you better keep your money safe. 

If this, or any other swindler, gets hold of your money somehow, contact our refund experts for consultation. The first meeting is free, and you can start your recovery process today!

FAQ Section

What is Exallt?

Exallt is an offshore brokerage registered in Saint Vincent and Grenadines that has been offering FX and CFD trading services since 2023.

Is Exallt a Legit Broker?

Absolutely not. The company is not regulated anywhere and many regulators issued a warning against them.

How to Get Money Back From a Trading Scam?

You either apply for a chargeback or use alternative refund methods. For detailed advice, feel free to contact our refund experts today.