While reviewing the brokerages for you, we put the main focus on the companies being blacklisted by some regulatory body. These are companies you should always avoid, regardless of how good their offer might sound. Read our 24Trading review and find out everything about this unregulated company.

24Trading Details

24Trading Regulation and Security

The brand is owned by Grey Matter Enterprise Ltd based in Saint Vincent and the Grenadines. The broker does not have any regulation whatsoever. Once we checked the company, we found another brand of the same owner, SolidInvest. More details about this broker you can find in our SolidInvest review.

The company is not regulated and saying so, we can say it’s not safe nor secured for clients to invest with such a brokerage.

Warnings From Financial Regulators

We found a couple of warnings against the owner of 24Trade – Grey Matter Enterprise Ltd. The company was accused of fraud in several EU countries.

Grey Matter Enterprise Ltd is blacklisted by the German BaFin and warned not to provide services in this country.

The same warning came from the Italian CONSOB.

Besides these regulatory bodies, the Spanish CNMV warned their citizens against the company and invited everyone scammed to file a complaint.

Withdrawal issues with 24Trading

As many clients reported, it’s nearly impossible to withdraw the funds from 24Trading.

In terms and conditions, we can see that the minimum deposit is $250, while in the account types we can find the minimum of $3,000. This made us a little bit confused.

However, whatever is the amount you decide to deposit, a low chance that you will get any money back. As per 24Trading reviews, clients cannot access their accounts after the withdrawal request has been submitted. Also, the so-called account manager does not answer phone calls nor emails anymore.

The company states that withdrawal can be made to the same account or card used to make a deposit. However, it’s done proportionally to deposit made using this particular method. Meaning that if your withdrawal amount exceeds your deposit amount, there is no option to get the fund difference until making the next deposit.

Also, what we found strange is that the company says fees might apply, but we couldn’t find the list of fees anywhere.

It takes 3-5 business days to process the withdrawal request for bank transfer and 1-2 days for card withdrawals. In addition, it takes up to 6 business days for the funds to be transferred to your account.

However, since there is clearly a withdrawal issue, be aware of it.

Scammed by 24trading?

If you were in any way misled or scammed by 24Trading, we advise you to report it immediately. You are not the only victim of the 24Trading scam and there is a way to get your funds back. You need to file a dispute and request a chargeback.

But what is a chargeback? It’s a way to return funds to your account in case you were scammed.

Contact us via chat immediately and let’s start the procedure!

What is 24trading?

24Trading is an unregulated offshore trading brokerage.

Is 24trading a scam?

The broker is not regulated and blacklisted by several authority bodies.

Is 24trading regulated?

No, the broker doesn’t have a regulation for providing financial services.

OPTrust claims to be a smart investment tool for clients to earn money. However, even just a short glance at their website proves otherwise. Read our OPTrust review to find out everything about the brokerage.

About OPTrust Regulation and License

OP Trust hasn’t listed the owner behind the scenes or any of the relevant information. All we can see is some address in Switzerland, implying the company is based there. However, instead of listing the FINMA regulation number, we found two offshore licenses – from Belize and Mauritius. As there’s no official ownership, we cannot determine under which regulatory jurisdiction OPTrust broker belongs.

Beware of potential fraud!

In addition, we strongly advise you not to invest in Tredero, AskForBit and ImperialFunding fraudulent brokers.

OPTrust Warnings From Financial Regulators

Since the broker was declared Swiss-based, no wonder FINMA, the regulatory body of Switzerland, was the one to issue the warning against OP Trust. They said it’s an unregulated domicile, and anyone involved should be aware they are dealing with a fraudulent trading firm.

Fund Withdrawal Issues With OPTrust

Since the broker is not registered anywhere, has no official regulations, and cannot be found, it feels safe enough to defraud clients. Imagine giving your funds to a person whose name or address you don’t know. Finding them later would be a hassle, right? It’s the same with unregulated fraud brokers.

According to OP Trust reviews, clients, mostly Canadians, are complaining about being unable to withdraw their funds as the broker refuses to process requests. And once they insist too much, their accounts are being suspended. 

False Claims About the Trading License

As mentioned, the broker claims to have two offshore regulations – IFSC Belize and FSC Mauritius. After checking both of these registers, we found nothing about the OPTrust broker. Since the company didn’t list the official owner, searching by their official name was impossible.

However, none of these regulators has anything about op-trust.com nor OPTrust trading name.

Traders About OPTrust Scam

Those who alerted about this scam firm were traders in the first place. All those who were ever involved with OPTrust have only one thing to say – stay away. None of them were able to get their money back and what’s worse is that they could not log in to their trading accounts anymore.

If something similar happens to you, let us know.

Also remember the names of the FX Quote 247, Smart Trade Group and CFreserve trading scams and avoid them at all costs! Moreover, always check the background of online trading companies before investing!

How Does Online Trading Scam Work?

Online trading scams are a part of participating in the financial market. Unfortunately, many firms nowadays open offshore headquarters and operate without regulations. It became simple to open a website and claim to be a financial service provider without anything to back it up. If, as is the case with OPTrust, you notice that the broker has regulations different than the headquarters and no official owner, start being suspicious.

For example, every legit firm will opt for a Tier1 license coming from the FCA, ASIC, or BaFin. These regulators oblige companies to form compensation funds worth around 700,000 EUR for reimbursing clients, which is your guarantee. With firms such as OPTrust, there are no guarantees, and your money is not safe.

Scammed by OPTrust? – Tell Us Your Story

If you were scammed by OPTrust or a similar bogus broker, don’t get desperate just yet. There is a solution – filing a dispute and requesting a chargeback.

But What Is A Chargeback?

This is a way for your bank to reverse a fraudulent transaction within 540 days since it occurred. For further details, please contact us via online chat. Book a free consultation with our experts who will evaluate your case and give you the best solution. Don’t let scammers run away with your hard-earned money; let’s make this first step!

What Is OPTrust?

OPTrust is an unregulated Forex and CFD online trading provider.

Is OPTrust A Scam Broker?

Totally! Broker has been blacklisted in Switzerland as an unregulated online fraud.

Is OPTrust Regulated?

This company is not regulated and provides financial services illegally.

There are many reasons for brokers to open offshore headquarters, like FXrally. Sometimes it’s just more straightforward, and there are lower taxes. However, the supervision is looser, and you should be quite careful. Investigate your brokerage well and ensure that you won’t be scammed.

Read our FXrally review and learn everything.

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What About FXrally Regulation?

FXrally is owned by Giant Solutions Ltd from the British Virgin Islands. This offshore island has a financial regulator, but quite a loose one. For example, while the UK FCA and Australian ASIC require brokers to have compensation funds of over 700,000 EUR, the FSC of the BVI has no such requirements. In fact, it’s enough for the broker to fill out the form and pays a small fee, and it’ll be licensed.

Just for the record, this company couldn’t even do this much, so it operates completely illegally.

Why Is It Important For A Broker To Be Licensed?

Brokers must be licensed to provide legitimate financial services and ensure funds’ safety. Since we’ve already determined that FXrally has no regulations whatsoever, every penny that you invest with this firm is at risk.

What is more, we strongly advise you not to invest in Profitrade247, Invest Union LTD and Clearpoint Fin fraudulent brokers.

How Reliable Is FXrally Broker?

FXrally is a scam broker. The company is registered in the British Virgin Islands and has no financial regulations. Don’t invest your funds, they’re not safe.

Traders Reviews About FXrally

 FXrally has quite negative reviews. Here’s just one example.

“This is a complete SCAM. This company is linked with Fxrally.co. They have stolen thousands of pounds of my family and friends hard earned money. Easy to put money in but impossible to get any out. Lies and excuses all the time as to why you can’t withdraw your funds. In the end they ran my account into defecit so there was nothing left to ask for. We dealt with a trader calling himself Orestis and another South African man calling himself Chris..although we have no way of knowing that these are their real names. As family we are devastated. They have taken my pension payout which I worked 30 years for and my Sons savings for a years travel which he has been saving for 3 years. I don’t know how these “people” live with themselves. We have now reported these scammers to financial institutions and instructed a team of solicitors specialising in these scams to investigate.”

– Trustpilot Customer

What Platforms Does FXrally Offer? – Available Trade Software  

While advertising 3 and more platforms, in reality, FXrally offers only a proprietary WebTrader. There are some false claims that you can invest in all assets via MT4, but there’s no link to download the platform or anything more than a claim. Thus, we can conclude that this fraudulent firm is luring clients into investing, but once they sign up, they’ll get nothing better than a WebTrader.

FXrally Mobile Trader

Besides WebTrader, the company provides a basic mobile app based on it.

All About FXrally Accounts

Customers can choose between 3 FXrally account types.

1. Starting plan – 250 EUR
2. Advanced plan – 5,000 EUR
3. Expert plan – 20,000 EUR

Accounts differ in sessions with the account manager, access to EAs, and trading education.

FXrally Broker – Countries Of Service

According to our review, FXrally provides its services in the UK, Australia, and Canada. Note that these are just the main targets, while the scam is widespread. Wherever you are, you should be avoiding FXrally and its trading scheme.

FXrally Range of Trading Instruments & Markets

While claiming to have it all, FXrally doesn’t offer crypto trading. Instead, customers will have access to:

• Forex market
• Commodities
• Indices
• Shares

Also remember the names of the Exindex, Margex and NovaTechFx trading scams and avoid them at all costs! Moreover, always check the background of online trading companies before investing!

FXrally Minimum Deposit

The broker requires quite a standard initial deposit of 250 EUR. However, it’s too much for an unregulated firm. Legitimate brokers mainly have Micro accounts starting with as low as $10 and much lower risks. Thus, that’s what we recommend.

Details Of The Scam Bonus Policy

The company requires those who have accepted the bonus to fulfill ridiculous requirements. For instance, you’ll be prompted to repay the bonus amount divided by four in lots. It means that for $100 bonus, you will have to repay 25 lots or $2,5 million. 

And that’s how scammers keep their scheme and prevent customers from withdrawals.

FXrally Unknown Trading Conditions

Besides the initial deposit, this firm has never specified any trading conditions. We know nothing about leverage and spread. It means that the risks and costs of your trading with this firm are unknown, and that’s not something you want.

FXrally Deposit, Withdrawal Methods, and Fees

Again, we’re facing a lack of basic information. The broker has never specified which payment methods it accepts. So you’re risking being prompted for funds paid in crypto, and then getting a withdrawal is way more challenging.

High Inactivity Fee

This company charges some hefty fees, among which is an inactivity fee. For instance, if your account is not active for more than 30 days, the broker has the right to charge you a $100 fee each month.

Payment Method Of Legitimate Brokers

Besides standard payment methods, such as credit cards and bank transfers, legitimate firms accept e-wallets like PayPal and Skrill. Also, if you invest with your credit card, you’re entitled to a chargeback within up to 540 days, giving you some kind of financial security.

Scammed by Invest FXrally Broker? – Let Us Hear Your Story

If you or someone close to you has been scammed by an FXrally broker, let us know. Our chargeback specialists may be able to assist you with the refund procedure.

But What Is A Chargeback?

This is a way for your bank to recover the funds directly from the merchant. If you have any issues, do not hesitate to book a free consultation with our experts. We might be able to help and recover your money before the broker vanishes.

What Is FXrally?

FXrally is an online trading brokerage based in the British Virgin Islands, without regulation.

Is FXrally a Scam Broker?

This firm operates without a license from an offshore country.

Is FXrally Available in the United States or the UK?

The broker provides its services to both UK and US residents.

Does FXrally Offer a Demo Account?

No, FXrally doesn’t offer a Demo account, only Live ones.

As can be seen, BVVE presents itself as one of Europe’s leading exchanges. The problem with this is that the company is absolutely anonymous. It doesn’t share ownership details, founders, or any relevant legal information.

Can we truly trust these companies? This honest BVVE review reveals all the secrets. Make sure to remember our advice because it can be applied all over the trading world.

Legal info: Is BVVE Legit or A Scam?

In the first place, the BVVE company is trying to mislead traders into thinking it is a legitimate firm. They even lead to the unregulated crypto exchange Bitvavo—but not the original and trusted Bitvavo.com. Instead, it is some random domain with unregulated services.

Not to mention this company is not regulated anywhere. Primarily not in the US or Germany where they mainly promote their services. In addition to that, if they are so trusted company, why don’t we see any BVVE reviews?

Who are BVVE’s Victims?

Without regulations, the company won’t hesitate to scam traders all over the world. But this is obviously looking for whales. Their most targeted countries are: 

• Germany
• United States
• Australia
• Netherlands

With this in mind, we strongly recommend all traders share their experiences in the comments section below. Ultimately, our refund experts can analyze it and offer adequate solutions. Especially if the key problem is withdrawals.

Leverage, Commissions, Spreads, Fees and Taxes

It’s important to realize that the BVVE trading firm doesn’t reveal any trading-related fees. In addition, it appears some details are hidden and masked in their footer. That’s clearly not a good sign. All in all, without transparent conditions, you can only expect issues.

However, even if the company shares the conditions, we can’t trust any of those without adequate regulations. You can prove that with our honest Csecrypto.co review.

Bonuses

When it comes to welcome bonus deals, the BVVE exchange doesn’t have any. That’s in one way positive since we all know how bonuses with unregulated companies work. If you don’t, make sure to read our Prime Quotes review and find out.

BVVE Trading Features

Since the company claims this brand is operated by Bitvavo, it’s not surprising the main feature here is the BVVE mining. As can be seen, traders were funding this mining program and raised allegedly $80 million in the first round. 

However, if this program was so successful, shouldn’t it be more popular?

Trading Platforms Available

The platform here is web-based, which is never good. In general, such platforms are often manipulated by the company’s staff to make traders believe fictive results. That’s almost always the case with unlicensed firms. Consequently, traders can understand why nobody trusts BVVE Bitfarm features.

Available Trading Assets

With the 3.0 technology development, the BVVE DeFi mining has become even more advanced. This leads to faster mining of popular cryptos like: 

• Bitcoin
• Ethereum
• Litecoin

However, this company’s main goal is to make traders believe in and invest in allegedly proprietary BVV tokens. Since Blockchain Valley Virtual already has the BVV token in the market, we wonder what other name they will try to steal.

Account Types

In general, trusted exchanges rarely condition traders to deposit more money or have a bigger trading volume to get some benefits. In some cases, that can be quite useful. But with companies that are not licensed, it’s only a trick to deposit more money. Especially if the company is forcing purchases of proprietary tokens. Therefore, watch out for it.

Mobile Trading App

Surprisingly, the company truly offers iOS and Android mobile apps. However, these can’t be found in any trusted store. Primarily because the name of the app is taken by a legitimate firm. 

Instead, with this exchange, traders download APK files directly from the company’s website.

Demo Account

To be fair, even with some top-tier exchanges, we can’t see a demo account offered. However, those companies have transparent fees and costs. That’s why with this firm, it would make a big difference.

Education

If traders only knew how cryptos work, they would never look at companies like BVVE. That’s exactly why we can’t get here any proper education from this firm. 

Instead, we recommend traders opt for top-tier licensed firms and learn more about cryptos first.

BVVE Withdrawal

Considering zero transparency, missing regulations, and withdrawal policies, troubles are inevitable with this firm. Traders often overlook the fact the company is not regulated, primarily because they are lured with fictive profits. However, once they require withdrawals, all kinds of issues occur, starting with verification, AML laws, non-existent fees, etc.

Instead, they should simply keep in mind that all the funds they are sending to unregulated firms end up straight in their pockets. All the profits presented on their platforms are fairly fictional. In a nutshell, there’s nothing to be withdrawn.

Customer Support

If a customer seeks assistance for whatever reason, the only way to reach the company is via e-mail. That’s not the most convenient option when you are trusting someone with your money. Anyway, without working hours revealed, traders might wait for a response forever.  

Key Information To Consider About BVVE

The most disturbing detail is that this firm is trying to clone legitimate exchanges. That’s a deal-breaker for any experienced trader. Even if they don’t do that, their services are absolutely non-transparent. In the end, traders can only expect issues. When those happen, it’s crucial to react on time and don’t let swindlers vanish with your money.

Unfortunately, we’ve all been in the same situation when someone tricked us for money. But once you know the way to recover it, it’s way easier. If you also want to get your money back, our refund experts offer a free first consultation regarding refund options. Book yours today!

FAQ Section

What is BVVE?

BVVE is an anonymous crypto trading company presenting itself as a trusted exchange that is cloning legitimate company Bitvavo.

How Much Are BVVE Fees?

The fees with BVVE company are not transparent. Consequently, traders can expect fees made up when the company needs it.

How to Get a Withdrawal From My BVVE Account?

With zero transparency, traders can’t expect clean withdrawals with this firm. At first glance of a withdrawal issue, we suggest you talk to our experts about the refund options.

We have come across a couple of very suspicious websites intended for mobile users. Although the domain names are somewhat different, the website content is completely identical. Both usdtrsp.com and usdtuxa.com use graphics stolen from other, renowned cryptocurrency exchanges.

The sites in question are quite opaque and contain almost no useful information about parent companies, owners, licenses, etc. Stay secure when trading crypto, learn more about online frauds in our Usdtrsp review!

Usdtrsp Scam Signs

Absolutely nothing can be learned about the anonymous conduct operating the usdtrsp.com website. The poorly designed web presentation is devoid of any visually attractive details. The whole website is only a rudimentary skeleton, copy-pasted across a number of scam schemes.

With that in mind, we searched several databases of prominent regulators like FCA, BaFin, ASIC, FINMA, and CySEC. This nameless firm holds no valid license.

That means that your investments aren’t safeguarded, your personal data can easily be stolen, all the while any semblance of trading is completely false and made up. It’s another one of the run of the mill online cons like Canz Trades.

High ROI Hoax

As a false crypto investment service, the Usdtrsp website promises traders a high annual return on their crypto investments. Nothing is more attractive than a chance to generate stable passive income based on one investment and without any particular effort.

That’s the core of all the lies the boiler room agents present to you. In the meantime, your funds are immediately transferred to an anonymous wallet and irreversibly gone. Victims from these countries have already lost significant amounts of cash:

• United States
• Germany
• United Kingdom
• Netherlands

Secret Fees, Secret Everything

Any information that a trader would consider important when making a decision about investing here or skipping the deal is simply absent from this website. It’s clear that the people behind the scheme target novices with little experience.

This shady service provider doesn’t reveal any of the trading costs, commissions or taxes pertaining to trading or transfers. Such disturbing lack of transparency would never be allowed for a regulated platform.

Referral Bonuses

Yet another bait and an allegedly guaranteed source of constant income is the referral program. By publishing your referral link and getting people to join through it is how Usdtrsp claims you can generate more cash. The stated commission you get per affiliate is 5%.

Zero Trading Transparency

All of the trading features you’ll come across on these websites are allegations, false advertisements – all smoke and mirrors. You won’t find anything tangible at all, be it a trading app, financial instruments, or else. Besides a single simplistic trading utility, there’s basically nothing, in a conundrum similar to the Binatex fraud.

Missing Trading Software

No trading app exists with this investment firm. Clients can opt to a number of different investment plans directly through the mobile site instead. The main Usdtrsp platform is thus a single web page, with a few buttons and no disclosure on how the company generates the alleged profits.

Only A Dozen Assets Available

When you try to explore the trading instruments offered on the site, you have to go to the Markets page. Here you will only find about two dozen crypto instruments listed and paired with USDT. Some of them are BTC, ETC, UNI, LTC, LINK, DOGE, FIL, ETH, BSV, EOS. 

Suspicious Accounts

The company offers a number of allegedly tiered trading accounts, ranging from VIP0 to VIP5. These offer no benefits except the raised “daily receipt limit”.

Anyone can create a Usdtrsp login, and use one of these alleged investment plans:

• 5,000 USDT for 7 days, 1.00% ROI
• 5,000 USDT for 14 days, 3.00% ROI
• 5,000 USDT for 30 days, 5.00% ROI
• 5,000 USDT for 60 days, 7.00% ROI
• 5,000 USDT for 90 days, 9.00% ROI

The thing that drew our attention is that there’s no way to track your investment through the website. The company never says by which means they are able to generate any profit either.

Insecure Withdrawal System

Users must use their TRC20 wallet to directly transfer the funds to the receiving wallet. Their application has no transaction tracking capability, so it’s up to the client to provide a proof instead. These blind transfers are ill advised, and are indicative that the company doesn’t have a developed security system.

Withdrawals are done through the boiler room agents, which aren’t too keen on giving up on their ill-gotten money. For help with asset recovery, contact our chargeback experts via the live chat.

Email Customer Support

It seems that the only method you’re allowed to use to contact the Usdtrsp support is the email address. The uninterested and unresponsive client service at this platform doesn’t care about your issues and quality of experience obviously.

Reputable firms that are transparent and client-oriented otherwise use at least several more channels, like phones, chats and online forms. 

Get Help With Fund Recovery!

High yield investment schemes are oftentimes fraudsters disguised as genuine financial services providers. Usdtrsp scam isn’t even well disguised. Their fraudulent intentions are so painfully obvious just from the look of their messy website.

If you already have thrown in your cash, there’s still hope. If you contact our money recovery service, we can guide you through a chargeback process and ensure you get your stolen funds back. To book a free consultation, you can use the live chat option.

FAQ Section

What Is Usdtrsp?

This is a sham investment platform that lures in victims by promising high yields. Do not fall for the lies and get our chargeback professionals to help you recover lost funds.

Is Usdtrsp Trustworthy?

No, without a valid authorization, you cannot call any financial services provider trustworthy.

What Are Currencies in Usdtrsp?

Some of the crypto currencies listed on the site are BTC, ETC, UNI, LTC.

Ambitcap claims to be a trusted firm, yet it doesn’t reveal what legal entity runs it. That’s especially surprising since the company claims to be registered in Switzerland.

Luckily, investigating any details nowadays has become a piece of cake. Still, it can be time and energy-consuming. That’s why we have it all covered in this unbiased Ambitcap review.

Legal info: Is Ambitcap Legit or a Scam?

If you didn’t know, all Swiss-based firms should have a license from the local regulatory agency FINMA. But of course, with low transparency about legal information, it’s hardly believable that Ambitcap company has been registered there. Indeed, they are not. The company has no other top-tier regulations required to operate in Europe, America, or Australia.

Another proof this company is an absolute scam is multiple warnings from trusted regulators, starting with Australian ASIC, Spanish CNMV, and Belgian FSMA.

Who are Ambitcap’s Victims?

Since the company’s domain was registered in 2023, it’s not surprising there are no Ambitcap reviews available. As with the domain age, we can check the website traffic. This leads to the potential target countries of a company. In this case, those are: 

• Spain
• Australia
• Canada
• Portugal
• France

Some of these can be proven by warnings issued by respective regulators. For the others, it’s just a matter of time before they start publishing warnings. All in all, too many warning signs for an investment firm. If you get scammed by them, don’t hesitate to reach our refund experts for advice.

Leverage, Commissions, Spreads, Fees and Taxes

One of the key issues with the Ambitcap investing firm is non-transparent fees, spreads, and commissions. Without these, traders will never know what are the true costs of investing. At least not until the moment they want to withdraw the funds. That’s where the cards will be unfolded.

Nevertheless, one of the transparent conditions reveals the company doesn’t operate according to regulations. As can be seen, there is a leverage of up to 1:200 offered, while all EU regulators allow a maximum of 1:30.

Bonuses

Another trick the Ambitcap Forex broker uses is the welcome bonus. Even though bonuses might be attractive to inexperienced traders, these often include malicious clauses preventing traders from withdrawing the funds. Of course, with this company, bonus conditions are not revealed.

Ambitcap Trading Features

Generally, the company presents us with some state-of-the-art trading tools and advanced trading features. However, they don’t precisely reveal any details about those. Even though they offer an MT5 download option, that doesn’t mean they offer it to traders.

Nevertheless, the company also promotes remote controlling apps like AnyDesk and ScreenLeap. These are very well-known features of scammers. Keep in mind never to allow access to those. If instructions are not good enough to guide you on how to set up something, then it’s not meant for you.

Trading Platforms Available

If the company was truly offering the MT5 platform, a WebTrader option would be available along with demo accounts. None of that is the case with this platform. Even if you get the MT5, it will be pointless if the company doesn’t allow you to withdraw your profits.

Available Trading Assets

One of the most popular assets with this broker is Ambitcap stocks. With ease of understanding, that’s quite a nice thing to promote to traders. However, they quickly opt for other options if needed, such as: 

• Forex – USD/EUR, AUD/NZD
• Commodities – gold, crude oil
• Indices – NASDAQ, FTSE100
• Cryptos – BTC, LTC
• NFTs

Account Types

The minimum deposit requirement appears to be $1.500. However, they will likely accept anything above $250 in most cases. 

All in all, very quickly after you deposit those $1.500, you’ll be practically forced to deposit more. Simply because of limitations with leverage and a 7-day trial of managed accounts. That’s where the company’s manipulative platform shows you the best results ever. Anyway, all options are: 

• Basic – $1.500
• Silver – $25.000
• Gold – $50.000
• Platinum – $150.000
• VIP – Custom        

Mobile Trading App

Indeed, the company advertises the Ambitcap platform to be available on a mobile device. Thus with all the warnings against them, we highly doubt any of that truly works. To find out how unregulated firms manipulate traders through platforms read our Reltex Group review.

Demo Account

Besides live Ambitcap account types, the company should also offer a demo or micro accounts. At least to give traders a chance to explore their costs without too much risk. Of course, that’s not the case. They want to catch traders unprepared.

Education

If the company were truly legit, they would intend to educate their traders properly. Sadly, with this brokerage traders won’t have any adequate education to improve their trading skills. That tells you all about this company.

Ambitcap Withdrawal

Important to realize is that the withdrawal procedure is an absolute mystery. Without transparent processing time and fees, everything is highly questionable. At least, traders know the options: bank withdrawals, e-wallets, cryptos, and wire transfers.

But be sure none of that will ever happen with Ambitcap scam broker. If you are interested in finding out more about crypto investments and all of their pros and cons, read our Gate.io review as well.

Customer Support

In general, the company provides us with 4 phone lines from the UK, Canada, Australia, and Spain. But none in Switzerland, where they allegedly operate. This shows you they mainly use VOIP services to hide their location. 

Anyway, these useless contact options appear to be available from 7 AM to 7 PM GMT +1 (Monday – Friday).

Key Information To Consider About Ambitcap

With all the warnings and missing regulations, there’s nothing to consider but withdrawing or refunding funds deposited with this broker. For this reason, our team offers a free first consultation and step-by-step guide on how to refund funds from these scam brokers. 

Time is the key. Don’t waste it before it’s too late. Get in touch now and start your refund process today!

FAQ Section

What is Ambitcap?

Ambitcap is a trading firm allegedly operating from Switzerland since 2023 without authorization from domestic regulator FINMA.

Is Ambitcap Legit?

Absolutely not. The company is not licensed in the first place and also there are warnings from ASIC, CNMV, and FSMA issued against them.

How to Get Money Back From a Scam Broker?

With a wide range of payment methods swindlers use to extort money, we suggest all traders talk to our refund experts first before making any moves.

The first thing we can notice is that Alphas Crypto company doesn’t reveal any ownership details whatsoever. They do not reveal their address or contact information. Still, they want us to trust them blindly with our money.

Isn’t that interesting? Luckily, this unbiased Alphas Crypto review has all the details you need to decide if you should keep your money away from them.

Legal info: Is Alphas Crypto Legit or A Scam?

In general, we can’t expect an anonymous company like this to be legitimate. There’s only one thing that might change anyone’s opinion: a license obtained with FCA, BaFin, ASIC, or similar top-tier regulators. Logically, that’s not the case, primarily because brokers can’t manipulate their customers with those. Without it, anything is possible.

On the positive side, numerous traders reported their cases to authorities, and warnings started piling up. Primarily from the FCA, but also their move was followed by FI, CONSOB, FMA Austria, ISOCO, and MFSA. If the company tells you now they will protect your money in any way, do you still trust it?

Who are Alphas Crypto’s Victims?

With the domain registered in 2023, this company had plenty of time to build its credibility. Of course, with the Alphas Crypto reviews, we can see they didn’t. Most of their victims come from top-tier regulated countries like: 

• United States
• France
• Turkiye

AUSFOREX is a similar broker to this one. Even though both platforms try to look legit, traders expose their intentions. For that reason, we encourage you to share your opinion in the comments below and contact our refund team directly if you want advice on getting your money back.

Traders Reviews

Frozen accounts are one of the most common things traders experience when getting scammed. They can’t even request a withdrawal, not to mention anything else. At least, such cases are reported on Sitejabber and Trustpilot platforms. But with mostly negative reviews, why not trust them?

The key difference comes from knowledge of how to refund the money. With this in mind, it can only be beneficial for any victim to talk to our refund experts. The first meeting is completely free, and you can find all the details you need about the refund process.

Leverage, Commissions, Spreads, Fees and Taxes

Important to realize is that only traders who deposit more than €100.000 can get fairly acceptable spreads. In this case, the minimum spreads start from 0.8 pips, but in most cases, that’s only valid for some assets.

Nevertheless, this company doesn’t share any fees or commissions. Luckily, their leverage of up to 1:500 exposes their scamming activities. Any trader who knows what regulated limitations are will know this is all a trap.

Bonuses

In general, scam brokers tend to offer welcome bonuses to new customers. In the first place, because of shady clauses that nobody reads. Thus, without transparent T&Cs and bonus policies, whether this platform offers any remains unknown. 

But if you read our CapitalexPro review, you will find out how to avoid trading traps in general.

Alphas Crypto Trading Features

The company’s benefits regarding its platform include seamless design, customizable interface, technical indicators, charting tools, and one-click trading. Thus, with any top-rated software like cTrader or Meta Trader, these are only basic features. As can be seen, this broker doesn’t offer any advanced trading options whatsoever.

Trading Platforms Available

In most cases, the aforementioned platforms can be assigned to legitimate brokers. However, there are cases when offshore brokers without a license use them as well. Therefore, a trusted platform should never be a criterion when choosing a broker.

But if the broker uses only proprietary web-based platforms, that’s a criterion to stay away from them. In the first place, those platforms are often manipulated.

Available Trading Assets

Usually, tradeable assets play a big role in choosing a broker. But not with unregulated ones. Anyway, the company’s offer consists of: 

• Forex – USD/JPY, EUR/NOK
• CFDs – platinum, NASDAQ, IBM
• Cryptos – ETH, DOT

Account Types

Alphas Crypto account type options present us with some support and analytical features as the key benefits. Thus, they require traders to invest at least €100.000 for those features. All the options are: 

• Silver – €5.000
• Gold – €25.000
• Platinum – €100.000
• VIP – €250.000

In reality, the company’s minimum deposit requirement is most likely around €250. Be sure they don’t want to lose a client if they don’t want to deposit €5k straightforwardly.

Mobile Trading App

One of this company’s big disadvantages is the lack of trusted mobile apps. If you are an iOS or Android user, we suggest you opt for more proficient brokers for seamless trading.

Demo Account

Even though the platform access is not limited, virtual funds are not granted to traders to explore all the features. That’s especially a big problem when it comes to testing fees and commissions. That’s why trading with top-tier regulated brokers makes a big difference.

Alphas Crypto Withdrawal

As can be seen, the company has been promoting transfers via wire transfer, bank card, and crypto. But in most cases, those are just cryptos. These firms still think crypto transfers are untraceable. For that reason, we are not surprised they don’t reveal processing time and fees.

Consequently, the company can serve us various excuses for not approving any Alphas Crypto withdrawal request. Luckily, traders have alternatives nowadays.

Customer Support

With only e-mail as the contact option, this company is certainly not the most trusted one. They are trying to keep their anonymity on the highest level. In most cases, it doesn’t work for experienced traders. Instead, traders should opt for brokers with transparent contact options and legal information to feel secure.

Key Information To Consider About Alphas Crypto

As can be seen, the Alphas Crypto scam broker is trying to manipulate every single trader, whether with fictive trading platforms, shady trading conditions, or withdrawal policy. Whatever you do, withdrawals are practically impossible. That’s why traders reach out to our refund experts for assistance. Refund options are almost always available.

Even if the client was sending cryptos, there are tools like CipherTrace that can solve our problems. In the end, we always recommend traders leave it to professionals to avoid additional mistakes. Get in touch with our refund team and start your chargeback process today!

FAQ Section

What is Alphas Crypto?

Alphas Crypto is an anonymous trading firm that has been operating since 2023 and has already been found on numerous warning lists.

Where is Alphas Crypto Located?

The company’s headquarters are unknown and that adds up to the company’s low credibility score.

How to Get Money Back From a Scam Broker?

In most cases, if traders can’t use chargeback they need CipherTrace for crypto tracking and alternative refund methods. For detailed assistance, contact our refund experts.

DakkenGroup is an offshore broker claiming to offer cutting-edge technology solutions, full access to financial markets, and more. Upon receiving numerous complaints, we’ve decided to review DakkenGroup and its operations and present all the facts.

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What About DakkenGroup Regulation?

DakkenGroup is a brand of Clandestiny Group LLC, based in Saint Vincent and the Grenadines. This Caribbean island is known as an offshore haven since it doesn’t have a financial regulator dealing with Forex and binary options firms. The FSA declared itself not in charge and directed brokers to opt for a license in the country of service.

Why Must a Broker Have a License?

Most Tier1 license providers, such as FCA, ASIC, and BaFin, are ensuring that your broker follows the rules, keeps your funds in segregated accounts, and has a compensation fund to recover your money in case of issues. Those are the main reasons to look for a licensed firm from a reputable country. 

DakkenGroup is not just an offshore broker but also has no financial regulations. It means it can use funds for the company’s expenses or even vanish without consequences.

On top of that, we want to invite you to read our recently updated reviews of the scam brokers Intel Trading, Exindex and ApexCrypt. Be careful with these brokers.

DakkenGroup Warnings From Financial Regulators

DakkenGroup has been blacklisted by the Spanish regulator, CNMV. The authority body issued an official warning, stating that the firm provides financial services it has no approval to provide, including Forex trading and giving financial advice.

Traders Reviews About DakkenGroup Scam

If you check portals for reviews, such as Trustpilot, the broker has a negative rating. Many clients report that broker is taking money, and account managers promise everything and anything, but once you ask for a payout, they will simply stop responding.

Supported Trading Platforms – Available Trading Software

DakkenGroup offers 2 platforms – MT5 and WebTrader. Since MT5 is one of the most prestigious software in the trading industry, it’s good that you have access to it. The platform has a vast number of charts and indicators and probably the most superior trading tools such as EAs, social trading, and more. On the other hand, WebTrader is a little simpler tool with fewer features, more suitable for market beginners.

It would be a good offer if a broker weren’t unregulated. As such, it provides leverage of up to 1:400, while the EU and UK regulators set a limit to 1:50 or 1:30 for the Forex market.

Everything About DakkenGroup Accounts

DakkenGroup has 4 account types:

1. Ripple account – $250
2. Ether account – $15,000
3. Bitcoin account – $100,000
4. Luxury account – $1,000,000

Since the difference is quite extensive, going from a minimum deposit of $250 to $1 million, we checked what you get for the money. The leverage goes from 1:100 to 1:400; you’re entitled to more perks such as support, personal account manager, etc. Yet, nothing is worth a million dollars with an illicit firm.

DakkenGroup Range of Trading Instruments & Markets

DakkenGroup offers trading in 4 major markets:

• Currency pairs
• Commodities
• Indices
• Cryptocurrencies

Yet, the broker is mainly focused on crypto, while other assets are not as present.

At the same time, avoid scammers such as Margex, Fin Venture and ZMarket Global . If possible, tell us about your scam experience.

DakkenGroup – Bad Trading Conditions

Besides unregulated leverage, the broker says to offer a fixed spread from0.5 pips. It’s good, but they never mentioned the limit, so you can get 0.5 pips for EUR/USD pair, while the broker may charge 3 pips for BTC trading. And not knowing such a thing is always a minus.

Furthermore, the company maintains the right to charge an inactivity fee of 10% each month if your account is inactive for more than 6 months. There are also high commissions for withdrawals, starting from 25 USD/EUR on the minimum withdrawal amount of 100 USD/EUR, and a Bonus Policy requiring you to have a turnover of 25 times the bonus amount before being able to request a withdrawal.

DakkenGroup Deposit, Withdrawal Methods, and Bonuses

The company accepts several payment methods for deposits and withdrawals, including:

• Debit/credit card
• Skrill
• Wire transfer
• Cryptocurrencies

Depositing via a crypto wallet is always the riskiest since following these transactions is complex. 

The minimum deposit is $250. The minimum withdrawal amount is $100, with 50 units charged for wire transfer, 25 units for cards and e-wallets, and an additional 10% processing fee for the latest method. 

As mentioned, if you take any bonuses, you cannot withdraw your money before repaying the amount 25 times. So, suppose you got $100; you have to trade $2,500 before getting a payout. Implying you have to invest more to reach such an amount, which is the point of this clause.

Scammed by DakkenGroup Broker? – Let Us Hear Your Story

If you are a victim of DakkenGroup or a similar bogus broker, let us know. Our chargeback specialists may be able to help you with it and recover your funds.

But What Is A Chargeback?

Banks have their way of recovering stolen funds. Chargeback is just one of them, and it’s time-limited. Therefore, it’s crucial to start right away and increase your chances of success.

Contact us via online chat to book a FREE consultation, and let’s get your money back before it’s too late!

What Is DakkenGroup?

DakkenGroup is an online trading provider based offshore without a proper license.

Is DakkenGroup a Scam Broker?

The broker is blacklisted in Spain for providing unauthorized financial services.

Is DakkenGroup Available in the United States or the UK?

DakkenGroup operates in the UK and US both.

Does DakkenGroup Offer a Demo Account?

No, DakkenGroup doesn’t offer a Demo account. You have to invest your money right away.

Whenever clients see a broker regulated by CySEC, a tier 1 regulatory body, they believe they are dealing with a legit brokerage. However, don’t rush just yet. Let’s see our NordFX review and see what is happening with this brokerage.

NordFX Regulation and Security

NordFX is a brand owned by NFX Capital CY Ltd from Cyprus, regulated by CySEC. However, the company has another entity in Vanuatu, NFX Capital VU INC, regulated by VFSC. Having a CySEC brand at your disposal is always good, but what happens if you are assigned to an offshore one? Since both of these entities have the same website, you can never know to which one you belong, and your funds belong.

And if you belong to an offshore entity, you have no compensation fund and no guarantee that you will be reimbursed in case of a scam.

We would advise you to stay away from such brokerage and also Finetero, AG Kapital and HQ Trade.

Warnings From Financial Regulators

Since the broker is operating in several EU countries as a registered CIF, it was odd to see that one eminent EU regulator, such as CMVM from Portugal, issued a warning against NordFX. Yet, this regulator stated that NordFX is running a scheme in Portugal, and everyone who has been a victim should report a broker immediately.

http://www.cmvm.pt/en/SDI/FinancialIntermediaries/Pages/CMVM-Issues-Warning-for-Investors-concerning-Nord-Group-Investment-Inc–(NordFX)-.aspx

Fund Withdrawal Issues

With several different entities and one regulatory warning, we are not surprised to see that clients are experiencing withdrawal issues with NordFX. According to some NordFX reviews we’ve seen, the broker also has an operation in India, besides Cyprus and Vanuatu. Some of the clients also reported Mauritius as a location they heard from NordFX broker’s employees.

Now, when you have too many countries, too many regulatory bodies, and too many support teams, of course, you will have space to play with clients and their funds.

As per NordFX reviews by investors, the broker is processing withdrawal requests extremely slow and requesting clients to submit documents to all the entities, just for them to realize money will never come to their bank.

Traders Opinion

As aforementioned, NordFX has many entities, and clients are highly disappointed by the service they are provided with. On many websites, the total score of the broker is lower than 3/5 simply because clients are unable to withdraw funds, and the support the company is giving is way below standard for a CySEC brokerage.

For sure, you should be aware of this broker’s multiple regulations and understand that you can be assigned to any entity and fall under any regulatory rules. Or better said, no rules.

How Does Online Trading Scam Work?

As’s the case with many brokers, you are seeing some trading ads and signing up. Yes, the broker might seem legit and regulated, like NordFX, but here comes the catch. Not everything that appears amazing is amazing. Once you invest the money (the broker is offering you to start with $10), you are being asked for more on the same day. Simply, from $10, you cannot make a profit. And we will agree. It’s too risky. However, the broker should then set some realistic investment account and not falsely promise to invest with such a little money.

Also, another scam we often see, and we saw with NordFX as well, is a lottery. For lucky customers who reach a certain number of trades, profit, etc., will be provided some special conditions. All this to extort more money. A legit broker does not need such games since his regulation and trustworthiness are behind it.

Scammed by NordFX?

If you were scammed by NordFX, you should know that there is a possibility of getting your money back. You should file a dispute and request a chargeback.

But what is a chargeback? It’s a way to refund your card in case you were scammed online. Contact our support via chat and get all the details about the process.

Do not let a scam broker walk away, get your money back now!

What is NordFX?

 NordFX is an online trading brokerage from Cyprus with an entity in Vanuatu.

Is NordFX a scam?

Since the broker was running a scheme and was blacklisted by CMVM, we can say it’s suspicious.

Is NordFX regulated?

Yes, the broker is regulated by CySEC and VFSC yet blacklisted by CMVM.

Is NordFX available in the USA?

No, the broker does not provide financial services to the USA residents.

For a regulated broker, we found ApmeFX to be not transparent and not legitimate. Since we tried to get some answers from CySCEC and couldn’t, we decided on our own research. We’ve checked who ApmeFX broker is and what they are hiding from their investors.

Let’s read our AmpeFX review.

ApmeFX Regulation and Security

ApmeFX is among newer brands on the financial market, owned by APME FX Trading Europe Ltd. The company is based in Cyprus and is regulated by CySEC. All the CySEC regulated brokers, as well as FCA and ASIC, for example, need to be transparent. It comes as part of their regulation. You need to have all the information about deposits, withdrawal, and trading conditions. Unfortunately, ApmeFX does not give us any of those.

Based on it, we can conclude that the ApmeFX broker is neither safe nor secure.

Fund Withdrawal Issues

If you have a broker that does not give you basic information such as deposit requirements, payment methods, and trading conditions, how do you expect to make some profit? How do you expect to withdraw this same profit?

According to ApmeFX reviews, the broker is not allowing clients to take the money out. Once you deposit, funds will be invested, but if you decide you need them out for any personal reason, there are two outcomes. Either your account will be blocked, or your funds will be lost on the financial market.

Beware of the ApmeFX scam and brokers such as Eurivex, TeraFX, NBH Markets.

Traders Opinion

What are regular traders thinking of ApmeFX? Nothing good. According to their reviews, the broker is making fund withdrawals and pressuring new clients to invest money immediately. If you started a trading account with $250 and on the same day you were asked to add another $1,000, would you do so?

The broker does not have the brightest reputation among traders, and we cannot say it’s not for a good reason.

How does an online trading scam work?

Most likely, you will see an ad about investing. Nowadays, the most popular are Bitcoin ads promising you up to $15,000 profit from the minimum investment. After you sign up, some of the trades can even be profitable. The company works hard on gaining your trust.

Yet, the issue will arise once you are asked for money. Either you will add more and hope for higher profits or refuse to invest further. Whatever the choice is, your account will be suspended after a while since the broker has no intentions to give you money back.

Scammed by ApmeFX?

If you were scammed by ApmeFX, there is a possibility of getting your money back. Global Fraud Protection recently received a significant amount of complaints about the broker and decided to help clients get a refund.

Let us know about your story on chat. We will book a free consultation and give you all the details you need about the chargeback process. Do not hesitate. Get a refund today!

What is ApmeFX?

ApmeFX is an online trading brokerage regulated by CySEC.

Is ApmeFX a scam?

ApmeFX is a broker with severe accusations related to withdrawals.

Is ApmeFX regulated?

ApmeFX is a broker regulated by the Cyprus authority body, CySEC.