A brokerage site promising to turn your trading dreams into reality is a site you should run far away from. Despite the deceptively attractive front and a false professional approach, this scheme runs on nothing but pure spite and malice. 

After all, the prominent regulatory houses that have blacklisted them prove that there’s no trusting this unlicensed financial service provider. Read this TradeCMF review for a detailed insight into an unscrupulous project run by anonymous and beyond anything greedy cyber criminals.

Financial Watchdogs Say Scam

The alleged corporate information found on CMF Group LTD is entirely fictitious, considering that not even a jurisdictional regulator in Marshalls, GLOFSA, has any information on this firm. 

While attempting to determine where they could be regulated, we consulted several reputable regulatory institutions and only found warnings. You see, Tier 1 regulators like CNMV, CONSOB and FSMA have all said the same about this business: they’re illicit and offer products and services without owning a license.

Situation cannot be clearer – this domain does nothing but defraud victims for their own benefit. Without financial compensation plans, leverage limitations and segregation of funds, you simply cannot trust to get good treatment from this firm.

Make sure you also read about FxOnUs. Being also located in a gray zone of Marshalls, they can’t be any less trustworthy.

Spanish Speaking Areas As Targets

Whois statistics show that the domain has been operating since February 2022. During the last eight months the majority of their victims turned out to be traders and investors from these countries:

• Spain
• Colombia
• Peru

Selling unrealistic hopes and dreams of becoming rich overnight, the scam agents relentlessly call their victims over the phone, flood their email inbox or stalk them on social networks. These tactics turn especially powerful and destructive when used in the process of a so-called Pig Butchering scam. 

This form of manipulation is particularly present on social media where the fraudster first gains the victims trust and then abuses the emotional attachment of the victim. It is wise not to access the overly attractive deals and choose a well-regulated service provider instead.

Unrealistic Trading Parameters

With all of the claims about making you rich in no time, the TradeCMF scam also insists on providing the best trading conditions on the market. 

These include abnormally high leverage of 1:500, which is anything but safe. Additionally, the starting spreads are set to 1.9 pips on major Forex pairs, while they go as low as 0.6 pips, but you have to pay a million dollars for that first!

The fee for maintaining a trading account is $50 per month, in case the account has been inactive for over 30 days.

Company Bonus Policy

While this broker never openly advertises any bonuses, their bonus policy is clearly defined in the Client Agreements document. As expected, it’s purposely tailored to prevent any withdrawals from the platform. 

The company requires a turnover equal to the bonus times 35 for deposit bonuses under 50%, and bonus times 40 for bonuses over 50% of the deposit. Even with the cheapest account and lowest bonus, the trading volume requirement is borderline impossible to reach.

Features Not As Advertised

Overall trading features seem favorable, but we need to remember that we’re dealing with a known fraudulent site here. 

Trading accounts are unreasonably expensive, and the availability of trading software is below the industry standard. While the trading instruments offer some diversity, there is no demo account for risk-free speculation.

Basic Trading Software

The main TradeCMF platform is a web trader, with an interface that is simple, yet incredibly counterintuitive to use. A selection of assets is provided, with a simplistic charting algorithm.

Some of the assets we’ve seen from the table show unrealistic market shifts. This tells us the con artists simply invent their own numbers and don’t rely on an external source for market data.

Although a separate desktop platform exists, our antivirus software prevented us from downloading the installation file.

Below Average Offer Of Assets

With nothing particularly exotic to trade on, the firm supplies these financial products for trading:

• CFDs on Stocks (Boeing, Facebook, Ferrari)
• Forex (EUR/USD, EUR/CHF, USD/GBP)
• Commodities (Soybean, Copper, Silver, Gold)
• Indices (S&P 500, DAX 40, FTSE 100)
• Crypto (BTC, ETH, LTC, XRP, NEO, IOTA)

Millions Required To Buy Accounts

The TradeCMF accounts are anything but affordable or modest. Unrevealed features cost an arm and a leg to acquire and it’s a question if they even exist. This is beyond ridiculous, considering that customers do not even know what they’re buying. Here’s the price list:

• Basic – 500$
• Gold – 10,000$
• Platinum – 50,000$
• VIP – 1,000,000 $
• Robo Trading – 5,000 $ minimum

Obstructive Withdrawal Policy

TradeCMF withdrawal is handled through the client dashboard, and the preferred method for the company is bank wire transfer. Additionally, clients may request a payout by credit card.

The clients need to satisfy a turnover requirement on their account before the company will allow any payouts. These are governed by deposit bonus rules, as we’ve discussed earlier in our TradeCMF review.

With the difficult payout policy, the fraudsters have made it difficult for any paying customer to withdraw any funds from their balance. Starting a chargeback process might be the only option, and you can do so with the help of our legal professionals.

Illusion Of Supportiveness

The fraudulent bunch running the website in question encourages you to contact their customer service at any time you wish and whatever your issue is. For such purposes, several communication channels were enabled:

• Phone
• Email
• Online Form
• Office Address

Do not be fooled by the deceptive friendliness – the cons do not wish to reply or be contacted at all. Another offshore scheme that will earn your trust then leave you hanging is GoldenrodFX.

Got Scammed? We Provide Straightforward Help!

Blacklisted trading portals are not places opened for Forex carrier building. Nothing but lies and deceit await you on these websites. The most efficient help you can get is on our website if you wish to regain control over your capital lost to cyber thieves. 

Please contact us any hour or day via the live chat or the online form in the bottom of this page. We provide extensive legal support to victims of fraud and can advise you on how to issue a chargeback. Our solution is within the reach of your fingertips!

FAQ Section

What Is TradeCMF?

It is an unregulated forex trading company which is already blacklisted by a number of regulators.

Is TradeCMF Legit?

The company is far from legit, as it possesses no license for their alleged business. It is already blacklisted by numerous regulatory bodies.

How to get your money back TradeCMF?

Starting legal action against these cybercriminals might be your only option. Contact our legal experts for help with TradeCMF chargeback!

Starting to invest has never been easier. There are thousands of companies available, and everyone offers pretty much the same things. However, there’s one key detail many companies don’t care about — security.

That’s why we can see huge amounts of money being stolen from people daily. Luckily, this FT Group review brings you everything you need to know about trading to protect yourself from those.

Legal Info: Is FT Group Legit Or A Scam?

To determine if FT Group is legitimate, you just have to check the company’s legal information. Unfortunately, none of those details are revealed on their website. So, you already know the answer. But we took a look at some Tier 1 databases to find out if we were judging them too quickly.

Sadly, none of the institutions like CFTC, FCA, BaFin, ASIC, or similar ever had records of the company’s license. With this in mind, you won’t be surprised once you see FT Group reviews. In any case, to find out if the offshore regulated broker is a bit different, read our WRC1.com review.

Who Are FT Group’s Victims?

Yes, we already got confirmation, but now we have to clarify all the reasons that make the FT Group broker a fraud. First of all, without a license, they cannot provide services in strictly regulated countries. Yet, they do, and the most targeted ones are: 

• United Kingdom
• Netherlands
• Belgium
• Lithuania

Secondly, the company claims to operate since 1994. Yet, their domain was registered in November 2023. If you are patient enough not to invest in them, you will see warnings against this firm popping up on every corner. But if you have already invested and regretted it, contact our refund specialists for advice.

Traders Reviews

If you are still not sure this company is an absolute scam, check out the Trustpilot comments. It looks like 85% of traders who were sharing their thoughts had negative experiences with this firm. Who knows how many more there are that didn’t say anything?

Generally speaking, all problems traders have are related to FT Group withdrawal issues and disastrous customer support. Therefore, contact our chargeback experts for a detailed guide if you want to get your money back from them.

Leverage, Commissions, Spreads, Fees and Taxes

Another key disadvantage of this brokerage is that none of the trading conditions are revealed. Before you complete the FT Group signup procedure, you better check all the details first. Ultimately, you can fall for their dirty tricks and lose all of your funds, especially if you don’t know what leverage, fees, and commissions are included in the trading.

Bonuses

Besides hidden costs, there are also hidden T&Cs. Consequently, we are unable to find if there are any hidden bonus clauses.

However, if you get any bonus offers, make sure to check the conditions first. Simply, bonuses are not as they sound. To find out how to protect yourself from shady tricks, read our Depnix review.

FT Group Trading Features

Since the company mainly advertises VIP advisor features and signals, you already know what to expect. It’s a lot of manipulation. Primarily through the fictive signals and expert advisory. But also with manipulative trading platforms, which we will talk about in a second.

Trading Platforms Available

When you look for a reliable trading platform, you should only use third-party software. These are less likely to be manipulated. Especially if you are using MT4, MT5, or cTrader. However, all scam brokers who don’t want to play fair games use WebTraders. And once you complete the FT Group login procedure, that’s exactly what you can see.

The problem with it is that you can’t use any of the advanced features. Even though they might advertise some, such as copy trading or EAs, you won’t get them. All those features with unregulated brokers are meaningless.

Available Trading Assets

According to the presentation, this firm has been offering more than 200 assets. These are divided into five major categories. But keep in mind there are far better companies with much stronger security offering the same. If not even more. 

Anyway, you can trade:

• Forex – USD/GBP, AUD/SGD
• Commodities – gold, natural gas
• Shares – Amazon, Tesla
• Cryptos – DOGE, DOT
• Indices – S&P500, NYSE

Account Types

Whatever account types you choose with this broker, you can’t expect anything good, even though it might look promising. There are basic and advanced account types that require between $250 and $1M deposit to get them started. Yet, the features you can expect if you deposit $1M are:

• Unlimited features (trading sessions, VIP signals, free withdrawals, free express withdrawals)
• Higher leverages
• Financial advisors
• Minimal spreads

Mobile Trading App & Demo Account

If you are a fan of mobile trading, the FT Group scam broker is definitely not a choice for you. Their mobile trading consists of using WebTrader on a mobile browser, which is usually a nightmare, especially if you use advanced trading techniques.

To make things worse, traders don’t even have a demo account option available. Therefore, with their low transparency and high minimum deposit requirement, there’s no reason to test them out at all.

Education

Overall, the education provided by this brokerage is only related to trading sessions with their analysts. These are fake, to remind you. 

If you check any Top-Tier licensed investment firm, you will realize how big a difference is in educational programs.

FT Group Withdrawal

As can be seen from the company’s reviews, all payments are done through crypto. That’s already a sign you won’t see any withdrawals because they don’t keep your funds in segregated bank accounts.

Regardless of missing regulations, the company doesn’t reveal processing time, fees, or any specific clauses related to the withdrawal procedure. Consequently, any problem you can imagine will happen.

Customer Support

We were honestly hoping there would be at least one positive thing about this firm, such as support options. But they have disappointed us there as well. 

Allegedly, they offer support 24/5, but only via web-contact form. Yet, that does not even work properly, according to some traders.

Key Information To Consider About FT Group

Literally, every single thing about this brokerage is questionable. It’s just a matter of time before they will end up on some warning list. Therefore, you shouldn’t even think of depositing with them. But if you did for some reason, we advise you to apply for a refund immediately.

If you don’t know how to, please contact our experts. After all, our first meeting is completely free, and you will find all the steps you need to recover your funds. Contact us today.

FAQ Section

What is FT Group?

FT Group is an anonymous brokerage presenting itself as a trusted and reliable FX and CFD trading firm that has been operating since 1994. None of that is true.

Is FT Group a Legit Broker?

No. FT Group is an absolute scam. Without regulation and with zero transparency, numerous negative reviews, and low credibility, this company can’t be classified as legit.

How to Get Money Back From a Scammer?

In the case of an FT Group scam broker, you will definitely need CipherTrace to track your crypto. If you need detailed guidance and access to CipherTrace, contact us.

As per the Global OMC Markets broker, traders should make their profits quickly. But does it mean being careless and rushing decisions? What kind of support is the company giving? Is OMC Markets regulated brokerage?

All this and much more are found in our OMC Markets review.

OMC Markets Regulation and Security

OMC Markets is a brand owned by Personal Found Ltd from Bulgaria. This should imply that we are dealing with an EU regulated broker. However, the reality is a little bit different. This specific company does not have regulation by Bulgarian FSC or any other regulator. It means that this company is another unregulated shady broker that’s trying to fraud clients.

Beware of the OMC Markets scam, such as Platin Markets, MultiBankFX and TitanFx.

Warnings From Financial Regulators

Since we already concluded that OMC Markets regulation doesn’t exist, we were not surprised to see that the broker is blacklisted all around Europe. The first official warning against OMC Markets forex broker came in 2019 by the Austrian FMA. That same year, the UK FCA blacklisted OMC Markets, stating that the broker is illicit and clients should immediately file a complaint. After these two regulators, German BaFIN published their warning, saying that this firm is among many potentially dubious trading platforms currently on the market.

Funds Withdrawal Issues

If you cannot withdraw your funds from the trading platform, the whole process makes no sense. That’s why we checked all the complaints about OMC Markets and focused on withdrawals and potential issues.

First of all, the broker uses a web trader for trade execution, which is not good. The web trader is less secure than the MetaTrader, and the broker can change market prices. Very bad for your profits.

Moreover, the leverage goes up to 1:500, which exposes your funds to tremendous risk. The spread for EUR/USD pair is almost 4 pips – double the standard in this industry. Payment methods are somewhat limited; only credit cards and wire transfers are accepted. And when it comes to fees and commissions, nothing is specified.

After you’ve seen all these trading conditions, combined with the fact this broker is unregulated, you can understand how likely it is to experience withdrawal issues.

How Does Online Trading Scam Work?

According to many OMC Markets reviews we had a chance to see, it’s always the same. You are signing up for an ad about trading and depositing your funds. Afterwards, you are being assigned with an account manager who’s trying to be your best friend and extort money at the same time. Once you pay all your money, your account is getting suspended, and your account manager is unavailable.

Do not fall for the OMC Markets scam.

Scammed by OMC Markets?

If you were scammed by OMC Markets, there is a possibility of getting your funds back. You should file a dispute and request a chargeback.

But what is a chargeback? Simply speaking, a chargeback is a way to refund your card in case you were scammed online. For further assistance in the chargeback procedure, contact our support via chat.

What is OMC Markets?

OMC Markets is an online trading brokerage without a regulation.

Is OMC Markets a scam?

The broker is based in Bulgaria and does not have a regulation for its work.

Are OMC Markets regulated?

No, this company is not regulated for providing financial services.

With the popularity of cryptocurrencies skyrocketing in recent years, fraudsters of all kinds are swooping down like vultures on inexperienced traders, trying to steal their way to wealth. We have come across yet another of these fake investment firms that have nothing to offer but hollow promises of grandeur.

See the remainder of our Avas Union review to learn how to recognise a scam when you see it, and get information on methods for fund recovery.

Public Warnings

The suspicious firm, supposedly established in Switzerland, is blacklisted by the jurisdictional regulator there – FINMA. This warning was later reposted by other reputable regulators that have detected the illicit activities of this firm in their jurisdictions as well. Financial watchdogs that have marked this company as illegal are CONSOB, AFM, FI, and the independent IOSCO.

Now that it has become apparent that this investment scheme is a fraudulent project, please be aware that they do not operate under legal supervision. Due to the absence of regulatory standards, you cannot expect proper fund protection and access to the financial ombudsman for compensation. Another shady service provider of a similar kind that you should avoid is Quickmatrixfx.

Who Does This Fraud Target?

This particular company says that they’ve been in business since 2018, but the website wasn’t around until January 2023 as we can see on WhoIs. These falsehoods are common with other faux firms like MALDO FX for instance.

The victims of this fraud mostly come from these countries:

• South Africa
• Italy
• India
• Kyrgyzstan

These sorts of illicit businesses rely on boiler room agents and client referrals to get new people to join. Mostly, company agents solicit the services by phone, claiming to be experts with insider knowledge about finance.

Everything these company agents say is a complete fabrication, intended to entice a victim into depositing. The money goes straight to the hands of the swindlers, however, and getting it out becomes impossible without professional help.

Investors Unaware Of Costs

The Avas Union scam markets their services in a way that you’d never think about how much they cost, what the occurring fees are and what trading conditions stand. All of the services and features are skillfully presented to deceive you into believing they’re lucrative, while the real costs are hidden. 

Since all of the legal papers are missing, these crucial aspects and characteristics of a trading environment are completely concealed. 

Referral Campaign

Without providing much detail, this unscrupulous business still invites existing customers to share their referral links and promote the company. 

According to the number of newly joined victims per referral, you are promised to get a certain income. This commission is currently advertised to be 10%, but without the specifics related to its withdrawal.

Provided Trading Features

If you don’t count a couple of pictures and aggressive advertisements, there really is no information about trading features with this company.

The con artists use weasel words and pseudo financial terminology to make it seem like they’re the real deal. Anything that exists on the website is only there to make the victim feel like they have some control over the situation, but the reality is much different.

Widgets Don’t Equal Trading Software

One of the deceptive techniques that this platform uses are imported charts from the TradingView. Although these pretty accurately present the price movement and allow market tracking, they aren’t a stand-alone trading software.

In order to create an illusion of trading and investing being done, the swindler borrows these charts to show an activity. In reality, no Avas Union platform exists in any shape or form.

Trading Instruments Not Included

A proven, reputable and regulated company is always open about their investment strategies. You can expect a long list of different instruments, assets, financial plans etc., but not with this one.

On the site of this faux business you will only find encyclopedic descriptions and general information about cryptocurrencies, agriculture, cannabis, forex and real estate, but nothing in-depth.

There aren’t any financial instruments to speak of, and no clear outline on how the company manages to turn a profit.

Plans To Invest In

High daily profit without any effort is what every other newbie investor believes these sort of unscrupulous companies provide. However, that is just another illusion carefully set up by the con artists. If you take a look at these Avas Union accounts, you’ll quickly realize there’s no way that they’re real:

• STARTER PLAN – 2.2% daily profit for 10 days – $100
• PREMIUM PLAN – 2.6%daily profit for 10 days – $4,000
• EXECUTIVE PLAN – 3.2%daily profit for 10 days – $15,000

No Withdrawal Options

All payment methods include cryptocurrency transfers over different networks, but the swindlers don’t sell crypto themselves. You’ll have to purvey it through some other platform, so the avasunion.com contains numerous links that lead to various crypto exchanges, some of them as fake as Avas Union themselves.

Accessing the client dashboard, we’ve noticed that the Avas Union withdrawal function doesn’t work. Instead of getting a payout, you’ll be urged to make more deposits. Tracking crypto requires expertise, so get in touch with our legal professionals via the live chat.

Useless Support Center

After several attempts to get in touch with an Avas Union support agent via online chat, all we managed to get is a greeting. All communication stops after that point. Although there’s also an email and online form available for sending support inquiries, nothing guarantees an answer. 

Beware Of Blacklisted Firms!

No matter how well regulated they claim to be, if the jurisdictional authorities label them as scam, that is a word set in stone. The case with the firm we’ve reviewed today is that of an apparent financial swindler that operates through a fake investment portal. 

Please immediately seek professional legal help if your funds are stuck on this site. Our legal experts and chargeback specialists can help you recover your capital with your first consultation, which is completely free.

FAQ Section

What is Avas Union?

This is a fraudulent investment firm, multiple times blacklisted by several reputable EEA financial institutions.

Is Avasunion.com Regulated?

No, and several regulators have confirmed that. The firm operates without a valid financial permit.

What Can I Do If I Lost Money with a Scam Investment Firm?

You should act quick and get in touch with our recovery team as soon as possible. They’re available via the online chat or the form at the end of every page.

In our dealings with a myriad of scam brokers so far, we have seen all kinds of fraudsters; but today, we are discussing an odd duck among financial swindlers — CoreGeneric Capital. This shady brokerage firm is considered unusual because it doesn’t define itself properly. So, whether it is a forex broker or, according to its website, international funds transfer for the exporter (whatever it means by that) or something third, it is still unclear.

Anyhow, one thing is obvious, CoreGeneric Capital operates unlicensed, unregulated, anonymously, and illegally —which are all characteristics of a pure investment scam. Therefore, we recommend going through the following CoreGeneric Capital review to get a better understanding of this phony broker and avoid this and similar frauds in the future.

What is more, we strongly advise you not to invest in JM Trade, Auto FX Trade and IntraO fraudulent brokers.

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Is CoreGeneric Capital a Legitimate Platform?

As introduced, the CoreGeneric Capital broker is not authorized by any financial market regulator to provide online financial trading services anywhere, which makes it an illicit brokerage firm. As such, this bogus entity can’t be trusted with money and is most likely involved in fraudulent trading activities. 

Among the scarcity of information on its website, we have discovered that it is allegedly registered in Poland. However, checking the relevant registers proves otherwise — it is not a registered business. But if we disregard this and suppose it is a Poland-based company; in that case, it must adhere to ESMA (European Securities and Markets Authority) legislation, which, in the first place, stipulates that all EU brokers must be transparent and licensed by respective financial authorities.

In Poland, forex providers are regulated by KNF (Komisja Nadzoru Finansowego). As expected, there is no info about CoreGeneric Capital in the KNF database.

Trading with unauthorized brokerage companies is at your own risk since no third parties control their business. That indicates that these brokerage services operate as they please and that there is no funds safety.

Why Is Trading On a Licensed Broker’s Platform Preferable?

Instead of relying on the dishonest nature of CoreGeneric Capital, investing with legitimate companies offers lots of advantages. One of many certainly is the protection of your funds. This is achieved by stringent rules these brokers comply with. For instance, the most reliable FX providers are those licensed by the Australian ASIC, English FCA, and German BaFin, because these tier-one regulators closely monitor every broker, ensuring that everything is by the book. Otherwise, a defaulting firm is penalized and suspended.

Also, traders of licensed brokerage companies are covered against negative events (e.g., brokers’ bankruptcy). For example, ASIC compensates for up to 100,000 AUD per trader. Anyway, this is unlikely to happen since ASIC brokers, as well as BaFin and FCA ones, are financially stable. In other words, due to licensing requirements, they must maintain enough operating capital (several million dollars).

Likewise, regulations lay down that brokers must mitigate risks inherent in trading by implementing negative balance protection and segregating funds in premium banking institutions. Put differently, your losses can’t exceed your initial investment, and you are not affected by a company’s insolvency.

How Reliable Is CoreGeneric Capital Broker?

CoreGeneric Capital is allegedly headquartered in Poland; however, it isn’t licensed under the Polish KNF or any other financial market regulator. By being anonymous and illegal and providing inadequate trading services, this phony broker also violates the mandatory ESMA legislation. Finally, it deceives traders by falsely promising MT5 and favorable conditions.

CoreGeneric Capital Offers Safe Trading Software?

On a very confusing CoreGeneric Capital website, it is promised the availability of MetaTrader 5 (MT5). Although this trading software is among the top platforms in the industry, it is missing here. This empty promise is used as a decoy to lure people into trading with this bogus brokerage firm. In reality, you get an inappropriate web trader that is not safe, nor trustworthy, and can’t ensure productive trading. 

For optimum results, choose genuine brokerage services that provide advanced programs like MT4, MT5, Sirix, and cTrader. With these options, you can enjoy plenty of powerful tools such as expert advisors, stop loss, and social trading.

CoreGeneric Capital Mobile Trader

If CoreGeneric Capital provided MT5, mobile trading would have been enabled here. But since this fraud broker doesn’t have any functional trading software, traders can’t enjoy the benefits of a mobile trading app. Modern trading platforms like MT4 and MT5 are accessible from any device, including desktops, smartphones, and tablets. This handy feature enables trading anywhere, anytime at no expense of quality.

CoreGeneric Capital Trade Range of Trading Markets

Speaking of trading markets available at CoreGeneric Capital, it remains unknown what trading instruments are at your disposal. As mentioned earlier, this unscrupulous broker is not transparent about its offering. As per its webpage, it can be assumed that traders can use forex (currency pairs) like USD/EUR, AUD/CAD, and GBP/CHF. Other than that, CoreGeneric Capital doesn’t reveal information on possible tradable assets. One more reason to stay away from this fictitious company.

CoreGeneric Capital – Countries Of Service

When it comes to where this cyber fraud operates, CoreGeneric Capital is geared toward scamming traders from

• UK
• Ireland
• Netherlands
• Canada.

If you are based in any of the aforesaid countries, opt for online brokers that are certified by FCA/UK, CBI/Ireland, AFM/Netherlands, and CFEC/Canada. Keep in mind that every brokerage company operating without evidence of being accredited and regulated by relevant financial authorities is an obvious scam. Lastly, don’t trust positive CoreGeneric Capital reviews on the internet because they are all fabricated.

Also, remember the names of the XTB Global, Bullden and Bitonext trading scams and avoid them at all costs! Moreover, always check the background of online trading companies before investing!

What Do We Know About CoreGeneric Capital Account Types?

With reference to the type of trading accounts offered by CoreGeneric Capital, it is again a dead end. Meaning there are zilch details about it. Normally, a broker has one or several account versions that suit different traders and differ in trading conditions. Additionally, as predicted, there is no demo account at CoreGeneric Capital. This option allows traders to practice trading, test platforms, and conditions for free and without risks. If this illegal broker enabled a practice account, you would expose its poor service.

Creating An Account With a Referral Code

Nonetheless, instead of being transparent, CoreGeneric Capital is unambiguous and foxy. It slyly applies an old dirty trick to rope you into investing. For instance, if a trader wants to open a live trading account here, it is only possible with a referral code, which you get from a company representative (e.g., an account manager). By doing so, this con artist is sure that you are ready to invest. So when the broker contacts you, it will try to charge you more than agreed. Thereby, a minimum deposit amount is at the whim of CoreGeneric Capital.

What Is Known About CoreGeneric Capital’s Trading Conditions?

In the matter of CoreGeneric Capital trading conditions, they are a closed book. Needless to say that it goes without any known legislation. However, it is to be expected from a crooked company. So no details on leverage, spreads, and trading fees. Since it is a blatant fraud, it can be presumed that the leverage ratio is too high (i.e., above the 1:30 EU rate).

Spreads are probably manipulated to appear attractive and profitable, e.g., zero or tight spreads. As for commissions, they are supposedly competitive. Bear in mind that this trading environment is made-up; in reality, it is inauspicious and fits only the needs of this broker scam.

Scammed by CoreGeneric Capital Broker? – Let Us Hear Your Story

Don’t feel embarrassed if you have fallen for this financial hoax. Anyone can be scammed. It is essential to act fast. Your first course of action should be to notify the authorities. Also, don’t forget to inform the community by posting negative reviews. In addition, it is possible to get money back thanks to a chargeback. More on that is below.

But What Is A Chargeback?

So if you are one of the unsuspecting victims of CoreGeneric Capital, there is a chance to retrieve your misappropriated funds. A chargeback process depends on the means of payment you have used. For example, credit cards and wire transfers are considered safe since they are fully reversible. With VISA and Mastercard, you can apply for a refund within 540 days. Bank transactions can be terminated but keep in mind that it can be done only if you haven’t approved a transfer.

Lastly, the most challenging to chargeback is a crypto wallet; that is why scammers prefer this form of payment. Anyway, with chargeback professionals, it is possible to reverse even this payment method. In relation to this, get in touch with our company; we can help you get your money back.

What Is CoreGeneric Capital?

CoreGeneric Capital is an anonymous broker claiming to be based in Poland but having no required license or regulations.

Is CoreGeneric Capital a Scam Broker?

Yes, it is; although it hasn’t yet been exposed by financial authorities, it is just a matter of time before it becomes.

Is CoreGeneric Capital Available in the United States or the UK?

Yes, it is; as a matter of fact, it operates everywhere without holding any valid broker’s license.

Does CoreGeneric Capital Offer a Demo Account?

No, it doesn’t, which is quite usual for scam brokers like CoreGeneric Capital.

You can only go so far with your fraudulent antics before you attract the attention of the authorities. A large public outcry, following a history of scheming and deception from this particular group, got them onto the blacklists of numerous regulators.

Now, the domain that hosted this predatory website is shut down, and the victims are left hanging with more questions than answers. Read more about online frauds in our Group 500 review.

Group 500 Regulations and Security

Group 500 is an anonymous brokerage without an owner, allegedly based in Switzerland. However, since there’s no FINMA regulation nor the official owner, we cannot confirm that Group 500 belongs under any regulatory jurisdiction. And that’s a first red flag among many others. If a broker is not regulated, there’s no security of the funds, and you have no guarantees that you will ever get your money back, even the funds you invested, not related to profit.

Thoroughly Blacklisted in the Entire World

Prior to the shutdown, the Group 500 website became known to financial authorities in multiple jurisdictions. The first to notice illegal activities was the FCA, quickly followed by FINMA.

The fraudulent group was active on the North American continent as well, which prompted BSCS, OSC, and CSA in Canada to place the website on the black list.

The list goes on, with additional warnings by AFM, CONSOB and MNB being the next financial authorities to post investor warnings. The independent agencies IOSCO and Financial Commission also had their say in the matter.

Fund Withdrawal Issues

As expected when dealing with a bogus broker, Group 500 doesn’t let clients withdraw their funds. According to Group 500 reviews, clients can invest their funds at any time. As a matter of fact, they are being encouraged to invest more and more. But once they want a payout, their accounts are being suspended, the account manager is suddenly unavailable, while the support department doesn’t answer emails or phone calls.

Beware of Group 500 scam and do not accept any offers coming from this broker.

So, you should avoid Group 500 forex broker and similar brokers such as Affluent Trade, Tredexo and BTCADA.

Bad Reputation Frozen in Time

Since the website was taken down, many ratings platforms like TrustProfile have withdrawn their dedicated company pages. The TrustPilot reviews still remain, however, although it’s impossible to post any new comments, with a similar situation developing on SiteJabber.

It seems that amid all of the complaints about failed Group 500 withdrawal requests, the company was in full damage control mode. It seems that the review seller networks remained on the sinking ship until the final moments, but to no avail.

How Does Online Trading Scam Work?

Unfortunately, with an increased number of online trading assets, cryptocurrencies entering the market as an unregulated asset itself, and offshore countries providing a safe haven, there’s been a lot of online trading scams. All of them start from an ad showing what you could possibly have. But the problem is not to make it; it’s to withdraw your funds. Making a profit, believe it or not, has become the easiest part of the process. A bit of following the news and reading charts can launch you to tremendous profits. If you’re dealing with fraud such as Group 500, you will never see this profit in your bank. And that’s an actual issue with online trading. Since many companies are unregulated, traders need to look for alternative money-back solutions and fight on their own.

Scammed by Group 500?

If you are a victim of a Group 500 scam, let us know. Our support department will schedule a free consultation where the experts of chargeback procedures will evaluate your case and help you file a dispute.

But what is a chargeback?

It’s a way for you to get your funds back to your credit card if you can prove you were scammed. For that, it’s best to let professionals collect the evidence and file a dispute for you.

Contact us via online chat immediately, and let’s get started before it’s too late.

What is Group 500?

Group 500 is an online trading brokerage without a license or a regulation.

Is Group 500 a scam?

Yes, Group 500 has been marked as a scam in the UK and Switzerland by official authorities.

Is Group 500 regulated?

This trading platform doesn’t have any kind of regulation for providing financial services.

Exton Global is a known fraudulent Forex & CFD broker. In the table below, you’ll see three website domains, two of which have been taken down due to illicit activity. Yet, the digital con artists refuse to give up.

Before making any kind of deal with this group of fraudsters, we urge you to read our Exton Global Review. Find out how the scheme works and how you can recover your funds if you’re a victim.

Legal Info: Is Exton Global Regulated?

The Exton Global broker brand has been exposed in the past. The UK and Swiss addresses are fake; there is no legitimate company under that name registered there. Moreover, we found two regulatory warnings against the platform.

On November 7, 2023, the Manitoba Securities Commission (MSC) blacklisted the firm for illegal activity. According to the Canadian regulator, Exton Global is “not (and never have been) registered in Manitoba to engage in the business of trading securities or advising anyone with respect to investing in, buying, or selling securities.”

Later that month, the Belgian Financial Services and Markets Authority (FSMA) also issued a warning against the fraudulent provider. This alert further implies that the firm is not authorized to operate in Europe due to the absence of a MiFID license, issued by European watchdogs.

Instead of trusting anonymous imposters, we recommend any regulated firm operating under the supervision of esteemed financial market authorities such as the FCA (UK), ESMA (Europe), CFTC (US), ASIC (Australia), IIROC (Canada), MAS (Singapore), etc.

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

Membership with Questionable Commission

The website shows a certificate issued by a certain Market Securities Insurance Commission. This document is purported to be a substitute for a trading license. However, that is impossible as credible licenses are indispensable.

We are now aware of the aforementioned commission and its track record. It could be fraudulent as well. Stick to proven institutions like the ones we listed in the previous section.

Who Are Exton Global’s Targets?

According to WHOIS, the only active Exton Global website domain (extonglobal.io) was created on January 16, 2024. The persistent financial swindlers behind the platform have been targeting mainly unsuspecting traders and investors in the following countries:

• Sweden;
• Norway;
• Denmark;
• Switzerland;
• Belgium.

All these countries feature renowned regulatory bodies that stringently oversee the markets to prevent virtual con artists like CrytFex from conducting fraudulent schemes. The five countries all require brokerage firms to obtain a MiFID passport. As mentioned, Exton Global has no such permit. 

Trader Reviews – Sharing Experiences

You can find many negative Exton Global reviews on trustpilot.com. Despite the alarming feedback, the digital tricksters are not backing down. For your part, you ought to read these complaints to understand how the scheme works.  

Exton Global withdrawal issues, poor customer support, and account freezing are just some of the recurring themes in the reviews. You’d be wise to avoid this platform. 

Which Trading Platform Is Available?

The available Exton Global trading platform is a rudimental WebTrader offering basic tools such as charts, graphs, and indicators. On the flip side, it lacks sophisticated options and can also easily be manipulated to rig prices.

You should be avoiding unreliable platforms such as ICBroker. Try to find a licensed firm that supports credible third-party software such as MetaTrader 4, MetaTrader 5, or cTrader. MT platforms support advanced features such as automated & algorithmic trading, advanced charting, real-time market reports, API integration, 20+ timeframes, Expert Advisors (EAs), and instant order execution.

Leverage, Spreads, Commissions, Demo Account

The maximum leverage is unknown. Bear in mind that top jurisdictions have legal restrictions for retail clients. For instance, brokers cannot offer more than 1:30 to retail clients in Europe or 1:50 in North America.

The minimum deposit is allegedly 20 USD, which is low but still not worth the risk. However, the fake website did not disclose the spreads but says the firm charges a 19% commission on profits. That’s utterly insane.

As for the demo account, there is none. That’s a huge red flag because risk-free demo accounts enable beginners to practice with virtual funds instead of risking real money right away. Then again, omitting such an option is a cunning move.

Deposit and Withdrawal Process

The website listed three payment methods that can be used to make a deposit and withdraw profits:

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

If you’ve funded your account, you are highly unlikely to get that money back on your own. Judging by the reviews, several traders reported withdrawal issues with the platform. Should that happen to you, get familiar with potential fund recovery methods.

For MasterCard or VISA credit/debit card payments, users can request a chargeback at the issuing bank within 120 days to get a refund. On the other hand, wire transfers can be reversed via a recall, but only work if the transaction is not yet complete.

Key Facts To Consider About Exton Global

Exton Global is nothing but an anonymous website claiming to be a legitimate broker. This site appears on the warnings lists of the MSC and FSMA. The provider offers a shady online platform, targeting mainly European traders from Switzerland, Belgium, Sweden, Norway, and Denmark. 

We urge you to avoid this provider due to its illicit nature. In case you have lost money to the Exton Global scam, you must seek our professional help to recover your funds! A chargeback is your best option.

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

Book your free consultation here and start the chargeback process.

FAQ Section

What is Exton Global?

Exton Global is nothing but a hoax brokerage brand selling fake Forex and CFD trading and defrauding users.

Is Exton Global Legit?

No, this provider has taken down two websites due to illicit activity. There are two warnings against the platform.

How to Get Money Back From a Scam Broker?

Consider requesting a chargeback or recall at the bank. We can help you throughout the process and increase your chances of success.

In today’s article, we are going to analyze the Syos Space broker, a textbook case of an investment scam. At a first glance, this shady brokerage firm may trick beginners with its seemingly legit website. However, detailed scrutiny reveals the disturbing truth about this forex provider.�

Let’s start this Syos Space review with some quick facts. It is the trading name of Coconors and Partners LLC, an offshore company registered in Saint Vincent and the Grenadines. Neither of those two entities is authorized to provide online financial trading services but several financial authorities blacklist both. Other than that, Syos Space has nothing to offer except lies and deception. So, please continue reading this in-depth analysis to avoid being defrauded by this financial swindler.

What is more, we strongly advise you not to invest in BitAurox, XpresTrade, and Abshire Smith fraudulent brokers.

Syos Space Is a Fraudulent Broker?

Shortly, yes, and here is why. First, it operates unlicensed and unregulated, which is illegal per se. Besides that, this indicates that no one controls and monitors its actions, meaning that Syos Space can be involved in fraudulent trading activities without consequences. Likewise, numerous watchdogs issued a warning against Syos Space and its holding company, Coconors, and Partners.

Syos Space is an unlicensed and unregulated broker behind online trading scams. Even though its website appears legit at first sight, it is warned against by several foremost financial authorities. Other than that, its terms of exchange are inauspicious and based on falsehoods.

Why Is Trading On a Licensed Broker’s Platform Preferable?

In contrast to trading with an unauthorized broker, a licensed brokerage company offers many advantages. Before anything else is the security of funds, ensured by strict regulations. For instance, the most reliable forex providers are those certified by the British FCA, German BaFin, and Australian ASIC. They are safe because they mitigate risks arising from trading by implementing negative balance protection and segregated accounts. On top of this, they cooperate with tier-one banking institutions and cover traders against adverse events (e.g., bankruptcy) with indemnification programs run by supervisory bodies. For example, FCA compensates up to 85,000 GBP.

Fraud Warnings From Financial Regulators

As mentioned, the list of supervisory authorities that warn against Syos Space is long, including the following ones.�

• FMA (Financial Market Authority) regulates forex brokers in Austria.

• FSMA (Financial Services and Markets Authority) is a Belgian financial regulator.

• FIN-FSA (Finish Financial Supervisory Authority) controls financial markets in Finland.

• CONSOB (Commissione Nazionale per le Società e la Borsa) is the government agency supervising the Italian securities market.

• CNMV (Comisión Nacional del Mercado de Valores) is responsible for regulating foreign exchange markets in Spain.�

So many alerts are more than enough grounds for keeping away from this fraudulent broker.

What Platforms Does Syos Space Offer? – Available Trade Software

The Syos Space trading platform is as good as this unscrupulous broker. This means that its web trader can’t deliver what is promised, i.e., successful results. The web trader is nowhere near enough advanced programs like MetaTrader 4, MetaTrader 5, Sirix, and cTrader. They enable profitable and safe trading thanks to the ease of use and cutting-edge tools (stop loss, expert advisors, copy trading, technical indicators, market analysis, etc.).

Trading From The Browser

Regarding the usefulness of the web trader, it has limited functionality since it is available only as an internet-based trading platform. In other words, if you use PCs or smartphones, you are restricted to trading from the browser. Unlike this, modern software (MT4, MT5) is versatile, and as such, it is accessible from different devices. For instance, it can be downloaded as a desktop or mobile trading app, fitting the needs of every user.

Negative Balance Protection

As pointed out, negative balance protection is applied to minimize inherent trading risk; that is to say, it prevents traders from losing more money than they invest. This valuable risk management tool is utilized only by legitimate brokers. By contrast, scam brokers like Syos Space don’t offer negative balance protection because it goes against their end goal. They don’t care about your financial safety but want to rip you off.

Arbitrage Bot – Automatic Trading

Syos Space allegedly offers an arbitrage bot, trading software enabling automated trading. This computer program gathers, analyses, and produces market information allowing better decisions and profitable trading. Although this program is a powerful tool, it is not available at Syos Space. For this feature and other benefits, we recommend opting for credible brokerage firms.

Syos Space – Countries Of Service

According to the Syos Space website, which is multilingual, it can be concluded that this bogus brokerage firm operates globally, focussing on scamming traders from

• Italy
• Poland
• Germany
• Czechia.

Not only that Syos Space isn’t authorized to provide services in these markets, but it is blacklisted by some of the supervisory agencies in respective countries. So, if you are based in any of the foregoing countries, pick brokers licensed under CONSOB/Italy, KNF/Poland, BaFin/Germany, and CNB/Czech R. Lastly, please ignore Syos Space reviews that are fabricated to lure traders.

Syos Space Trade Range of Trading Markets

When it comes to trading instruments, Syos Space reportedly provides access to the following markets.

• Forex: EUR/GBP, USD/JPY, AUD/CAD;
• Indices: DAX30, FTSE100, S&P500;
• Stocks: Google, Apple, Microsoft;
• Commodities: metals (gold, silver, copper), energies (natural gas, crude oil, electricity), and agricultural products (coffee, corn, wheat);
• Crypto: Bitcoin, Ethereum, Tether.

Since it is a blatant scam, please ignore this offer. Therefore, we advise investing with multi-asset brokers certified and regulated by a respective financial market regulator.

What Do We Know About Syos Space Account Types?

Speaking of trading accounts, Syos Space offers quite a lot of trading accounts, including the following ones.�

• Start: 250 USD deposit
• Bronze: 500 USD deposit
• Silver: 1,000 USD deposit
• Gold: 5,000 USD deposit
• Platinum: 10,000 USD deposit
• VIP: 50,000 USD deposit
• Pro: 100,000 USD deposit
• Diamond: 200,000 USD deposit.

Besides unreasonably high sums, these options come with manipulated and unrealistic trading conditions. All in all, this is a plain rip-off.

Details About Leverage and Spreads

With reference to trading conditions, Syos Space provides obscure information. From what is known, it can be concluded that its maximum leverage ratio is 1:100 as opposed to 1:30 (EU and UK) and 1:50 (US and Canada). Undoubtedly, leverage is adequate for making profits. In this case, it means that on one dollar your gain is one hundred. Anyhow, be aware of leverage since it is also risky. That is why it is restricted for retail traders in certain jurisdictions. As for other terms, such as spreads and trading fees, this shady brokerage firm is not transparent about it.

Minimum Deposit, Withdrawal Terms, and Fees

As regards the minimum deposit, it is set at 250 USD at Syos Space. This is too much, considering the status of this broker scam. In contrast, you can open a real trading account with a genuine broker for as low as 10 USD. Also, funding methods accepted by Syos Space are as safe as this financial swindler. Instead of secure payment methods like credit/debit cards and bank transfers, this fraudster insists on crypto payments because they are challenging for a chargeback (more about this in the following heading). Concerning withdrawals, don’t expect successful payoffs with this con artist.

What Bonuses Does Syos Space Broker Offer?

Commonly for fraudsters is the offer of bonuses. In the same way, Syos Space trading includes various bonuses such as a welcome bonus (from 10% to 30%) and a referral program that allegedly rewards you (cash) for inviting others to trade with this phony broker. Anyway, keep in mind that promotions always have unreasonable prerequisites in place to prevent you from redeeming them. In addition, since bonuses are mishandled, many financial regulators have prohibited them.

Was scammed by Syos Space Broker? – Let Us Hear Your Story

In case you have been defrauded by the Syos Space scam, we recommend notifying the relevant authorities. Also, don’t forget to leave negative reviews to help others avoid this fraud. Lastly, you can apply for cashback, which depends on the means of payment. In relation to this, continue reading.

But What Is A Chargeback?

For victims of this online trading scam, it is essential to act fast in order to retrieve funds. Your course of action is determined by the form of payment. For instance, you have 540 days to apply for a refund with VISA and Mastercard, while for bank transactions, you can cancel a transfer only if not approved. So, be careful. Most issues you will have with crypto payments are due to their anonymity and irreversibility.�

Nevertheless, our chargeback specialists can reverse even crypto wallets. Therefore, get in touch with us today. Finally, think twice before investing your hard-earned money.

FAQs About Syos Space

What Is Syos Space?

�Syos Space is an illegal broker that operates without licenses and regulations, providing unprofessional and unsafe services.

Is Syos Space a Scam Broker?

Yes, Syos Space is a scam broker exposed by several major financial authorities.

Is Syos Space Available in the United States or the UK?

No, Syos Space is not available in the US but is in the UK; anyhow, it is an obvious scam that should be avoided by all means.

Does Syos Space Offer a Demo Account?

No, Syos Space doesn’t offer a demo account; remember, a broker scam rarely provides this option.

NobleTrading company operates under the name United Capital Group LTD. This company is registered in the British Virgin Islands in 2015. Practically, they are completely anonymous company.

Important to realize is that the company’s website is currently not secured. This all goes along with their services that we will present to you in this NobleTrading Review.

Legal Info: Is NobleTrading Legit Or A Scam?

In the first place, NobleTrading should be licensed by the BVI Financial Services Commission. Thus, those registers were empty upon search of the broker. In fact, they are not licensed by any other Tier 1 regulator. Starting with FCA, BaFin or ASIC.

With this in mind, you know that all their promoted protection is fictive. Even though they claim to offer guaranteed stop-loss and segregated bank accounts for deposits that could be a lie.

Who Are NobleTrading’s Clients?

Strangely, the company doesn’t have any reviews on trusted platforms. Considering their existence since 2015, that’s very weird. Nevertheless, besides their restrictions, they are still reaching out to some clients. But mainly scammed ones come from: 

• United States
• Canada
• India
• Qatar
• Uzbekistan

Let us know if you are coming from any of these countries and what’s your experience with this broker. Have in mind that our experts can advise you on chargeback options. So, if that’s something you need, don’t hesitate to contact us.

Investment Costs With NobleTrading

On the positive side, the company provides some of the trading costs transparently. Such as spreads and leverage and commission. Their leverage goes up to 1:500 which wouldn’t be approved by any Tier 1 regulator.

Spreads for the basic account start from 3 pips. That’s quite expensive. However, regardless of the account type you are paying a commission. Quite costly to be honest from $5 – 10$ per lot.

Bonuses

Surprisingly, NobleTrading scam broker doesn’t offer bonuses. At least not on their website. But without regulation, you can expect special bonus offers if you start requesting a withdrawal.

NobleTrading Trading Features

Besides third-party MT4 software, there’s nothing good about their offer. Primarily because trading can cost you heavily. There’s no use of award-winning technology if the profits can’t be taken out.

Is NobleTrading Legit?

There’s no offshore broker without a license that operates legitimately. In the first place, this broker doesn’t have transparent legal documents. Secondly, they are not licensed. Lastly, their trading conditions are designed to rip you off. But even some brokers like PrimoTrade can have a less costly offer and still get all of your money.

Available Trading Assets

Another key fact about this broker is the missing stocks and crypto assets. In general, two most popular choices. Instead, you can trade: 

• Forex – USD/JPY, AUD/SGD
• Commodities – gold, natural gas
• Indices – FTSE100, DowJones

Account Types

With NobleTrading company, you can have 3 different account types. The higher deposit you make the better conditions you get. Allegedly. Your options are: 

• Basic – $100
• Standard – $500        
• Professional – $5.000

Mobile Trading App

Considering the available Meta Trader 4 it’s not strange that they offer a mobile app as well. Finally, traders can enjoy all the advanced features on their iOS or Android devices. But it’s better to stick with a demo account instead of risking your money with this shady broker.

Demo Account

More positive stuff coming! Throughout trusted MT4, traders can open a demo account first. Therefore, you can see the trading costs in live action.

Education

As for the education part, NobleTrading has quite a poor offer. There is only an economic calendar available and a basic knowledge base. In fact, nothing that you can’t google yourself.

NobleTrading Withdrawal

Even though there’s no withdrawal policy they have withdrawal details covered. Have in mind that USD deposits can cost you 2% if you are depositing with the card. In general, USD withdrawals are processed on the same day while others can take 2 business days. A withdrawal fee for amounts lower than $1000 is $30, while for the EUR account it’s 16 EUR.

According to the company, higher withdrawals are not charged with any fees. But that’s speculative considering the missing NobleTrading problems with the license. There are many tricks brokers are using to prolong withdrawals. Some of those you can also see in our 12Trader review.

Customer Support

If you are looking for NobleTrading help from customer service it’s going to be a rollercoaster. The company map puts them in the US. Even though their address is in the British Virgin Islands. However, the phone number comes from the UK. Most likely VOIP that is hiding its real location.

Besides, you can reach out via e-mail and web form. To be honest, nothing really promising.

Key Information To Consider About NobleTrading?

Primarily, the company is not regulated. In addition to that, there are many irregularities with their location and contact options. Also, trading with them can cost you a fortune. For a company that exists since 2015, there are no transparent user comments. Which is very suspicious.

In case you have any issues with this broker, the first choice is to talk to the authorities. Since it’s hard to define the governing law, you might as well apply for alternative methods. In this case, chargeback might be a suitable option. Don’t waste time anymore and start your refund process today. Contact us for detailed advice.

FAQ Section

What Is NobleTrading?

NobleTrading is an anonymous offshore broker offering FX and CFD trading services since 2015.

Is NobleTrading A Legit Broker?

No. The company is not licensed in the first place and they offer conditions that don’t comply with any Tier 1 regulation.

What Are The Account Types Of NobleTrading?

There are basic, standard and pro account. In any case, you can expect various issues, but primarily withdrawal ones. In such cases, you can contact our expert team for help.

FX Elite Trader presents itself as a smart investment in the future. However, we wouldn’t call it that way. Investing money in unregulated firms is far from smart, and the future doesn’t look as bright. Read our FX Elite Trader review and find out all the details.

What About FX EliteTrader Regulation?

This company is allegedly based in the Netherlands, implying it should be regulated by the AMF. Unfortunately, that’s not the case. Furthermore, we have no information about the owner since legal documents left the company name blank. Also, the governing law hasn’t been mentioned, and as the company is not AMF-regulated, you are not entitled to any compensation funds. All in all, if you get scammed by FX Elite Trader, you will be on your own. And that’s something we do not recommend.

In addition to the above, we strongly advise you not to invest in Holding Partners, Tradiso and Dominion Markets fraudulent brokers.

Fund Withdrawal Issues With FX Elite Trader Broker

As explained, FX Elite Trader is an entirely anonymous trading firm. It claims to be in the business since 2019, but we found nothing to back up the statement. Clients have reported numerous withdrawal issues, saying that their accounts are frozen once they want to get the money back. And since the brokerage is not regulated, they have nobody to complain to.

If you find yourself defrauded and unable to withdraw your funds, let us know.

FX EliteTrader Trading Software

Clients that have an account with an FX Elite Trader broker can choose between a proprietary Web trader and an MT5. Both are available for desktop, while MT5 has only an Android mobile version. Why is that? We cannot tell.

The Web trader itself looks solid, with a solid number of charts and indicators. Yet, it can never be compared to software such as MetaTrader that allows EAs, social trading, and more. However, when provided by an unregulated firm, the software doesn’t worth much. For example, basic trading conditions such as minimum deposit and leverage are not disclosed, so you have no idea what you’re putting yourself into. And that’s your queue to leave.

Areas Of FX Elite Trader Trading Scam

From all we know, FX Elite Trader is mainly focused on clients from the UK, Belgium, and the UAE. Yet, there are more victims around the globe, with the broker being unregulated and without any special restrictions. Note that involving yourself with this scam firm will lead to only one outcome – you will lose everything you have.

Traders About FX EliteTrader Scam

If you check FX Elite Trader reviews, you will find that the majority is negative. The broker is promising clients trading software with 90% of accuracy when opening trades. Unfortunately, there’s no such software, and it’s just a nice story to extort the money. Once the time for payouts comes, you will see all your funds disappearing under fake excuses – the market went against you, you opened a wrong trade, and more.

How Does Online Trading Scam Work?

Online trading scams usually start with a fake ad. FX Elite Trader is placing one about automated trading software that will magically make you money overnight. You may even make a profit initially so that the account manager has a valid reason to ask you to invest more. And once you do, you will never get a penny back. No matter how many withdrawal requests you submit, your funds will simply vanish.

If you recognize yourself in this story, it’s time to file a complaint.

Also remember the names of the HQ Trade, Limeberg and Finmax trading scams and avoid them at all costs! Moreover, always check the background of online trading companies before investing!

Scammed by FX EliteTrader? – Tell Us Your Story

Suppose you have been involved with FX Elite Trader. High chance that you have been scammed and can’t get your money back. In that case, you should file a dispute for a chargeback.

But What Is A Chargeback?

A chargeback is a way for your bank to return what you’ve lost due to scams. Contact us via online chat to book a free consultation, and let’s see how to get your money back before it’s too late!

What Is FX EliteTrader?

FX Elite Trader is an unregulated online trading company.

Is FX EliteTrader A Scam Broker?

FX Elite Trader is an anonymous shady firm with many negative reviews.

Is FX EliteTrader Regulated?

FX Elite Trader is not regulated and operates without approval.