ECN Broker Review 2024: Is it a Scam or Legit?

The world of online trading and investment is dynamic, and one major problem is the rise of shady brokers posing as reliable brokers. Due to this, we face countless types of scams such as Forex Scams, Cryptocurrency Scams, Romance Scams, Binary trading scams, CFD Scams, and many more.  A thorough investigation is necessary on the suspected fraudulent acts that have brought ECN Broker to light recently. We aim to provide a fair evaluation with verified facts and data from reliable and trustworthy sources through our thorough ECN Broker review.

ECN Broker Website – https://ecn.broker/

Website Availability – Yes

Address shown – Saint Vincent and the Grenadines

Warned By – Not Recommended By Review Website Like Report Scam

Domain Age of ECN Broker 

Domain Name: ecn.brokerRegistry Domain ID: ca38383412e5431e853992f8b0d17706-DONUTSRegistrar WHOIS Server: whois.gandi.netRegistrar URL: https://www.gandi.netUpdated Date: 2024-03-20T05:19:13ZCreation Date: 2016-11-10T15:51:14ZRegistry Expiry Date: 2025-11-10T23:59:59Z

Important elements that show if ECN Broker is a fraud

ECN.Broker, which was founded in 2015 and claims to have origins in Saint Vincent and the Grenadines, claims to be a forex broker. With the most widely used MetaTrader4 platform in the world, leverage of up to 1:1000, changeable spreads on over 260 trading assets, and four different account types available, ECN.Broker seems to be a competitive competitor in the forex industry. However, traders should be aware that there are significant disadvantages and even dangers hidden below its attractive offers.

Regulatory Concerns

The absence of regulation regarding ECN.Broker is a major cause for worry. With its headquarters in Saint Vincent and the Grenadines, the broker does business in a region renowned for having lax regulations regarding forex trading companies. The reliability of the trading environment and the safety of the client’s assets are called into doubt by this lack of strong control. Without the safeguards offered by reliable regulatory organizations, traders would find themselves open to possible misconduct or conflicts.

Absence of Demo Accounts and Live Chat Support

ECN.Broker’s apparent lack of important assistance features raises doubts about its genuine commitment to customer happiness. ECN.Broker does not provide demo accounts, compared to many other well-known brokers in the market. This hinders potential customers from the chance to test the platform and refine their trading methods without taking any risks. In addition, the lack of live chat support makes the accessibility problem even worse by making it more difficult for traders to get immediate help when they need it or are having urgent problems navigating the site.

Lack of Transparency

The lack of live chat assistance, demo accounts, and regulatory monitoring all add to the opaque nature of the ECN.Broker trading environment. Traders could be working in an environment where there is a lack of transparency, which could expose them to unreported risks or adverse trading circumstances. Insufficient channels for explanation or remedy may provide difficulties for clients in evaluating the credibility and dependability of the broker’s activities.

Victimized by the ECN Broker scam? Get your lost money back!

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If you are the one who got scammed by ECN Broker or other fraud, the best solution recommended for getting your lost money back is Report Scam Community

We are one of the few legit recovery assistance and Chargeback organizations that are concerned with a victim’s recovery from losses. We are a committed team of Recovery specialists who have already helped hundreds of scam victims in recovering their lost money. Report Scam provides free consultation and anyone can register by filling out a very short complaint form.

ECN Broker Review: ECN Broker Scam Conclusion

Although ECN.Broker offers an enticing array of tools and services, such as leverage options and a large selection of tradable assets, potential traders should proceed with care before using the platform. To reduce the possible hazards connected with uncontrolled trading settings, traders are urged to carry out extensive due research and investigate substitute possibilities with stricter regulatory monitoring and strong support systems.

Also, to prevent yourself from scams like – Forex scams, Binary scams, Romance/Dating scams, Cryptocurrency scams, or any other scams, you should pick a broker or company regulated by some major regulators like FCA, FINMA, SEC, FMA, ASIC, etc. Check the Scam Broker Reviews 2024, Scam Broker Reviews 2023, and Scam Broker Reviews 2022 we have published to check if your broker is a scam or a legit broker.

Read about Chargebacks

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

Note: The ECN Broker review written above is influenced by the other ECN Broker reviews already on the web. We are not liable for any legal action from the ECN Broker company. In case of any query please mail us at [email protected].

Due to the absence of key legal information about this dubious investment firm, we have reason to believe that the provider is deceitful. In our Centennial Enterprise review, we scrutinize the scarce content on the website to expose the schemesters.

Read our analysis to find out how to identify shady providers such as this one, or CoinEgg, and why you must avoid them. Learn how to recover your hard-earned money in case you are a victim of cyber fraud.

Legal Info: Is Centennial Enterprise Regulated?

The suspicious website has provided the U.S. address, purporting that the Centennial Enterprise investment venture was founded in New York. However, there is no information about this company’s legal background, filings, track record, or any other relevant metric we could use to assess its legitimacy.

We did some more research but got no results. It seems that this platform is a relatively new scheme designed to rob users of their funds. It is not a transparent financial provider, which is why we urge you to steer clear of it.

Please avoid anonymous imposters like Centennial Enterprise. Instead, opt for reputable companies that are supervised by leading financial authorities like the FCA (UK), CFTC (US), ASIC (Australia), IIROC (Canada), MAS (Singapore), BaFin (Germany), etc.

To obtain authorization under these regulatory agencies, investment firms must meet some demanding requirements such as putting forward a substantial operating capital and regularly filing transaction reports.

Who Are Centennial Enterprise’s Targets?

According to WHOIS, the centennial-enterprise.com website domain was created on September 21, 2023. Since then, the financial swindlers behind the platform have been targeting primarily traders and investors who reside in the following countries:

• United States;
• Canada;
• China.

All these countries have tight financial market regulations and watchdogs that enforce stern laws to prevent unauthorized entities from running their schemes. China is especially off-limits to foreign providers.

One common rule in all these jurisdictions stipulates that each market participant must obtain a permit to operate. To reiterate, Centennial Enterprise has no such authorization, meaning its whole monkey business has been created to steal money. 

Trader Reviews – Sharing Experiences

We did not find any Centennial Enterprise reviews on forums because there are none. The absence of user feedback supports our previous claims about the firm operating fraudulently. Unlike Paybis, this provider is both unregulated and vague. 

We recommend you always check what individuals say about a certain platform before investing your money. Negative reviews may just save you from getting scammed. Diligently check the company you are interested in to find out if it appears on regulatory warning lists.

How the Investment Scheme Works

Digital con artists indulging in investment schemes usually employ deceptive tactics to exploit unsuspecting traders and investors. For instance, the Centennial Enterprise Forex package is nothing but a hoax leveraging the popularity of the currency market to lure in potential users.

A common system these fraudsters use is the Ponzi scheme model. In this illicit structure, initial investors receive funds obtained from fresh members, enabling the wrongdoers to create an illusion of a stable system and profitability.

Such operations eventually collapse, with the crooks disappearing with the money and the victims finding themselves financially devastated. As soon as you notice a recruitment-focused approach from the company, it is most likely running a Ponzi.

Cybercriminals entice potential victims with unrealistically high returns with minimal risk, exploiting the appeal of quick profits. They promote fake or non-existent products or services, using cunning marketing strategies to accomplish their shady goals. 

Centennial Enterprise plans

These virtual tricksters are promoting significantly high returns on investments (ROI) in short periods. The outlined plans are simply implausible. There is no way a company with no track record can generate such insane ROI so quickly, plus guarantee clients they will profit in advance. 

As soon as you stumble upon promises like that, know that you are communicating with a cutthroat rather than a serious, honest, and transparent firm. There is no doubt in our minds that these plans are fake.

Deposit and Withdrawal Process

The company accepts payments exclusively via cryptocurrencies. Per the website, Centennial Enterprise crypto deposit options include Bitcoin, Ethereum, Litecoin, Tether, and USDC. Typical of cyber frauds. 

Since crypto transactions are especially tricky and complex, investing in this platform means you will not be able to withdraw your funds on your own. The reason why scammers prefer such payments is that they are extremely hard to trace and reverse, plus allow them to remain anonymous and continue running their schemes.

Reversing cryptocurrency transactions is an intricate process that demands significant effort and advanced software. Professional assistance is essential for tracking the wallet that received the funds. Fortunately, our team of experts is available to help you recover your funds. Contact us in case of Centennial Enterprise withdrawal issues.

Key Facts To Consider About Centennial Enterprise

We shall wrap up our review with a summary of the main points we have outlined – Centennial Enterprise is an investment scam targeting users from the United States, Canada, and China. This dubious company has absolutely no credentials or history, meaning it is a hoax.

Since the platform is out to rob you of your funds, we advise you to stay away. Please do not risk your money here. In case you have fallen victim to the Centennial Enterprise scam and cannot withdraw your funds, please get in touch with us. We offer professional help to retrieve your funds!

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 Centennial Enterprise?

Centennial Enterprise is an anonymous group of cyber criminals running a bogus website to scam unwary investors.

Is Centennial Enterprise Legit?

No, this platform is not a legitimate financial provider. It does not have any license to offer services.

How to Get Money Back From an Investment Scam?

You can book a consultation with us and explore refund options. Contact us to learn how a chargeback works.

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According to the company, the Royal FX Bank trading brand has been operated by Banks Associates. This firm is allegedly registered in the United Kingdom. With more than five years of experience, they present themselves as a trusted and reliable brokerage.

However, many tiny details tell the opposite story. For instance, their recent domain change. To find out the other problems, read this Royal FX Bank review carefully.

Legal info: Is Royal FX Bank Legit or A Scam?

When the company claims to be fully licensed, that adds some weight to its business. Not to mention that it claims to have three licenses and to provide insurance for traders. So, let’s take a look. If you search for Royal FX Bank or Banks Associates, you won’t find any details in the registers of FCA, BaFin, or ASIC, for instance.

Instead, you can only find warnings from multiple regulators across Europe. Experienced traders are already used to the fact the Spanish CNMV is the first one in the line to expose scammers. The move was also followed by FSMA, A-TVP, AFM, and Finanstilsynet. After all these warnings, the company decided to change its domain and pretend they were a different brand.

Who are Royal FX Bank’s Victims?

Even though the company claims they registered five years ago, the domain age shows it was only two years ago, in 2022. The new one was created in January 2024. It’s quite surprising there are no Royal FX Bank reviews available. 

However, website traffic shows they are mainly targeting victims from: 

• Canada
• United States
• Mexico
• United Kingdom

Thus, without authorization from any of these countries. That’s why we strongly recommend you report the broker to local authorities wherever you are from. But also, feel free to contact our chargeback experts to start the funds’ recovery process.

Leverage, Commissions, Spreads, Fees and Taxes

In some way, the company is trying to clone legitimate firms. They offer fairly not-so-high leverage. It only goes up to 1:100, and still, that’s breaching most top-tier regulatory guidelines. Most of the trading costs are hidden.

The only partially transparent cost is spread, starting from 0.2 pips. But with Royal FX Bank broker, that’s most likely way higher than that. Also, the company advertises a 1% commission for crypto exchange options.

Bonuses

One big sign the company is not regulated is the bonus offer. Once you join them, you can get 100€  on the first deposit. 

Of course, to withdraw any funds after that, you must reach the minimum trading volume. Usually, an insanely high one. In this case, it’s 30 times the bonus amount plus the deposit.

Royal FX Bank Trading Features

It seems one of the key features is the Royal FX Bank crypto exchange services. Yet, that’s another service they offer without a license. Besides, the company claims to provide its proprietary app. Thus, that app can’t be found in trusted stores.

Trading Platforms Available

Generally, trusted platforms are cTrader, Meta Trader, DAS Trader PRO, or similar. Sadly, none of those options are available with this company.

Instead, traders should prepare for shockingly poor WebTrader. Not the best option if you are like any experienced trader. Especially since the company is known for misleading traders.

Available Trading Assets

Tradeable assets are usually traders’ last concern. In general, you can find a few suitable options or use advanced tools to make the best out of your trading journey. Also, these same assets can be found almost everywhere. But for the record, you can trade: 

• Forex – EUR/AUD, USD/JPY
• Commodities – crude oil, cotton
• Shares – Amazon, VISA
• Indices – DAX30, ASX200
• Cryptos – ETH, ADA

Account Types

Pretty much the main difference between the account types is if you are getting personal account manager and portfolio management. And that would cost you up to 250.000€. Anyway, the Royal FX Bank minimum deposit is set to 250€  and all account options are: 

• Bronze – 250€ 
• Silver – 25.000€ 
• Gold – 100.000€ 
• Diamond – 250.000€ 

Mobile Trading App

As mentioned, the company has been advertising its mobile trading app. However, in the AppStore or PlayStore, there are no such options available. As can be seen, everything with this broker or Astro Invest revolves around manipulating customers.

Demo Account

The company decided not to offer a demo account to avoid exposing all of the platform’s flaws. Fairly, after all the tricks they have been presenting us, we have to think about whether a demo account should even be created with them. 

If you are still unsure about the right brokerage, try out a demo account with any top-tier licensed firm without any risk or fear.

Education

Even though the company presents a section about education on its website, anyone can realize that it’s far from a proper education. In fact, there’s just a basic intro about trading in general. Yet, there’s zero useful content for anyone who wants to learn how to trade.

Royal FX Bank Withdrawal

After all the problems revealed, the Royal FX Bank withdrawal is highly questionable. Overall, the withdrawal procedure is highly transparent. Yet, without regulations, it doesn’t mean anything. The company can always make up something to avoid the rules.

Nevertheless, the processing time is up to 5 business days. The withdrawal fees are the following: 

• $50 for wire transfers
• $25 for card transactions + $10 processing fee
• $25 for e-payments

Also, there’s a 10% withdrawal fee if the trader didn’t make 200 trades or didn’t verify their account. Also, don’t forget the bonus policy. All in all, there’s a high chance you won’t get a withdrawal.

Customer Support

Another highly suspicious detail about the Royal FX Bank trading company is its customer support. Without transparent working hours and zero quick contact options, you can only pray for a quick response, especially since only e-mail and web contact forms are available. 

Another broker with extremely poor support and general service is the Everix Edge.

Key Information To Consider About Royal FX Bank

With all the facts about the Royal FX Bank scam broker, you know that your funds are not protected with them anyhow. Starting with lies about regulation, multiple warnings, untrusted platforms, and shady withdrawal policies.

All in all, it’s a sign to run away from them as fast as possible. But obstacles are inevitable. To learn how to avoid them, get in touch with our refund specialists. Book your meeting right away for a free first consultation.

FAQ Section

What is Royal FX Bank?

Royal FX Bank is a trading firm allegedly based in the United Kingdom that has been operating since 2022 mainly in jurisdictions where such services require strict regulation.

Is Royal FX Bank Legit?

No. The company is misleading traders with information about the licenses. On top of that, there are multiple warnings against the company.

How to Get Money Back From a Scam Broker?

In some cases you can use chargebacks but mostly, for higher amounts traders opt for alternative methods. To explore your options, contact us for a free first consultation.

As can be seen, Morfin FX LLC is a company registered in Saint Vincent and the Grenadines. With its registration in 2021, the company could raise its reputation to a top-notch level if it wanted to.

However, once reality hits us in the face, it’s usually too late to do anything on your own. Luckily, there are ways we will present you in this Morfin FX review that may suit you in those situations.

Legal info: Is Morfin FX Legit Or A Scam?

When traders hear the company is regulated and they are presented with a license number, they quite often buy that story. However, knowing where to look for information could save you a ton of money. For instance, this firm claims to be regulated by the FSA SVG with license number 1539LLC2021.

Indeed, the FSA database shows they have been registered there. But there’s a statement from 2021 where the FSA tells you they are not issuing Forex trading or binary options trading licenses anymore. Therefore, you know all this is just a fairy tale of this broker. 

If they truly wanted to be legitimate, they would have FCA, BaFin, ASIC, or similar licenses. However, they don’t.

Who are Morfin FX’s Victims?

This company has not been exposed because, since 2021, it has been mainly targeting countries with low-tier regulatory oversight. At some point, they will also realize what’s happening. Anyway, if you come from many of the following countries, open your eyes wide: 

• United Arab Emirates
• Saudi Arabia
• Qatar
• Kuwait

Another problem is that the company presents us with fake Morfin FX reviews. Yet, you can’t find any of those positive reviews on any independent platform. As can be seen, there are already too many reasons not to trust them. 

But if you did, reach out to our refund experts for advice on how to get your money back. You’ll definitely need it.

Leverage, Commissions, Spreads, Fees and Taxes

If you don’t recognize all the problems with Morfin FX broker already, check their trading costs. In fact, the company does not reveal any of those. Therefore, the only thing you can expect with it is manipulation. 

And the best way to avoid that is by choosing top-tier regulated brokers. However, if you check our Bitdach review, you will know how to recognize ones that don’t have high-quality licenses.

Bonuses

In the account presentation, the company mentions bonus offers. Of course, to get more details about them, you have to register with them. And that’s not the smart move, considering all the misleading and missing details. 

Anyway, if you ever accept any bonuses, make sure to check the bonus policy. You don’t want your withdrawals affected by it.

Morfin FX Trading Features

One big advantage, or better said, a big lie, is the Morfin FX MT5 availability. When it comes to advanced features and trading strategies, such as copy trading, social trading, or EA, you won’t have any.

Yes, you are wondering how if the MT5 is available. But in reality, that’s not the case.

Trading Platforms Available

Once you complete the Morfin FX login procedure, you will realize there’s no sign of the MT5 platform. Instead, you’ll be provided with a dashboard and a dysfunctional platform choice option. It appears that this company is actually offering crypto wallet services as well—of course, without authorization.

Available Trading Assets

Obviously, all trading with this broker is mainly focused on crypto. Therefore, other assets go into the second plan, such as: 

• Forex – USD/EUR, EUR/JPY
• Commodities – gold, crude oil
• Shares – AMD, BMW
• Indices – NASDAQ, FTSE100

Account Types

If you were expecting at least something transparent, that would be the account type’s offer. Sadly, this firm doesn’t even reveal the minimum deposit requirements. But to be fair, not even the account-type presentation gives some relevant information. Anyway, you can choose between three programs: 

• Beginner
• Regular
• Partner

Mobile Trading App

Besides the company’s web-based platform, traders can also use a proprietary mobile app. Yet, it’s only available in PlayStore, and only over 100 people have used it. If you compare it to any top-tier regulated firm, you will see how poor that is. 

Therefore, to keep your money with safe investment firms, we suggest you read our tips from the Ex Cap review.

Demo Account

According to the company, some of the accounts include a demo account. However, once you register with them, such options are nowhere presented. Therefore, it remains a question if that’s another misleading detail just to get your contact information.

Education

Fairly, the company’s education program is not something promising. For instance, they offer UpSkill presentations with just 30 topics covered. Yet, very few of those can truly benefit you in live trading. Instead, you should look for companies offering mentorship, 1-on-1 sessions, and webinars.

Morfin FX Withdrawal

If the company clearly tells you they will charge you fees and don’t reveal them, you know something is wrong. That’s actually what the Morfin FX withdrawal policy says. Not to mention, the fees depend on the withdrawal amount. Which is quite a nonsense.

With only Morfin FX crypto payment methods available, you can forget about clean withdrawals. Especially since they claim they can decline any withdrawal request if they find some information missing. But that’s just a trick to test the waters to see if they can get more money out of a trader.

Customer Support

As mentioned, the Morfin FX LLC is based in SVG. Yet, their offices appear to be in the UAE. Therefore, the phone number with the UAE country code is not surprising. 

Also, there is an e-mail, a web contact form, and a chatbot available for contact options. But keep in mind that you can’t expect any responses on weekends.

Key Information To Consider About Morfin FX?

First, the company lies about its regulatory status, which is already an enormously big red flag for them. Their platform also looks more like a crypto exchange than a trading platform. Lastly, but most importantly, there are non-transparent trading conditions and withdrawal procedures.

They give us zero reasons to trust them. But if you did, you should request a withdrawal immediately. Since problems are expected, we suggest you talk to our refund specialists first. In case any issue occurs, you’ll know what to do. After all, the first consultation is free, and you should make it worth it.

FAQ Section

What is Morfin FX?

Morfin FX is a company registered in Saint Vincent and Grenadines that has been operating physically from the UAE since 2021.

Is Morfin FX Legit?

No. The company is misleading traders about its FSA license. Yet, they don’t have any trusted licenses like FCA, ASIC, or BaFin.

How to Get Money Back From Morfin FX Broker?

In this case, you’ll most likely need the CipherTrace tool and our professional assistance with it to track your crypto transfers. For more information, feel free to contact us.

As can be seen, this company presents itself as New Zealand-based and has allegedly been trusted by almost 50.000 traders since 2023, when it was first registered. We highly doubt it, and there are numerous reasons for that.

But after you read this honest Epic Trust review you will also think the same. Make sure to take notes because it could help you in the future to recognize investment scams. Also, don’t miss out on our comprehensive High Rise Market review.

Legal info: Is Epic Trust Legit or A Scam?

Even though the company presents transparently its legal information, these were not found in the place where we were hoping for. Apparently, this firm is operated by Propio Holdings Limited, registered in New Zealand. However, this firm was not found in the register of the FMA NZ (Financial Markets Authority). 

Also, the company claims to be regulated by the SEC and IIROC, but that’s not the case. This is primarily because another brand ended up on the FMA’s warning list. But once you check the duplicate website, you will see it’s exactly the same as the Epic Trust’s. If the EpicTrust is any close to legit, you decide.

Who are Epic Trust’s Victims?

According to the Propio Holdings Limited registration date, this firm has been operating since 2001. However, the domain age shows that this website was created in November 2023. The 22-year gap is not realistic. Not to mention zero Epic Trust reviews would confirm such long-lasting activities.

Anyway, the countries this company is targeting the most are: 

• United States
• United Kingdom

Yet, the company’s disclaimer says some services might not be available to residents of the US and New Zealand. So, how come they don’t offer some if they are regulated by the SEC? Quite strange. Anyway, if you experience any trouble while trading with this company, contact our refund specialists for consultation.

Leverage, Commissions, Spreads, Fees and Taxes

Another big issue with Epic Trust investment firm is that the company doesn’t charge any fees or commissions. That should definitely make any trader wonder how they make money then. 

It’s quite clear, through your deposits on their fictive platform. However, if you read our Trubluefx review you will quickly learn how to recognize those.

Bonuses

According to the company’s presentation, traders won’t be offered any welcome bonuses. However, there’s a 10% referral bonus on any of the accounts the client chooses. But we hope you won’t be leading other people into these pitfalls.

Epic Trust Trading Features

One of the main features of this investment firm is the Epic Trust Bitcoin investments. Of course, they are presenting their expert advisors as the main benefit of that trading option. However, that’s also the pitch served by the other company that ended up on a warning list.

Trading Platforms Available

Before paying any money, you should know that after you complete the Epic Trust login procedure, you still won’t see the platform they are using for trading. Instead, they will just present you with a dashboard where you can see active investments, portfolios, profits and losses, and other investment details. 

However, without trusted regulations, there’s a high chance all those details are completely fictive and manipulated.

Available Trading Assets

Tradeable assets are generally our last concern when the company is not licensed. Even if they offer you thousands of assets, that practically doesn’t matter if you can’t withdraw your profits. Anyway, the company advertises investments in: 

• Cryptocurrencies – BTC, ETH
• Forex – USD/EUR, USD/JPY
• Commodities – gold, crude oil
• Indices – NASDAQ, S&P500
• Stocks – Amazon, Nvidia
• ETFs – Russell2000, QQQ
• Pre-IPOs     
• NFPs

Account Types

Once you see the offers the company presents, you will ask yourself why they don’t simply invest for themselves. With the option to make a 30% return on investments daily, it’s quite a logical question. 

However, if they do that with their own money in the real market, without experience, they would lose everything. That’s why they offer traders fictive deals for the same investments.

With quite high Epic Trust deposit requirements, it’s hard to believe they have almost 50.000 active investors. Anyway, all the options are: 

• Starter plan – $5.000 / 20% daily profit for 60 days
• Standard plan – $10.000 / 25% daily profit for 90 days
• Business plan – Unlimited deposit / 30% daily profit for 120 days

Mobile Trading App

Since you are not trading yourself, a dedicated mobile app is fairly not necessary with this firm. However, accessing your portfolio more securely would be appreciated. Yet, the company practically doesn’t offer any account protection features.

Demo Account

Unfortunately, demo or trial accounts with this company are not part of the offer. In general, traders have the option to trust them with $5k or find another investment firm that requires less. To be honest, there are plenty of better and more secure options.

Education

Knowing that the company invests for you, they didn’t think proper investment education is necessary. But then, you won’t know if what they tell you is true. That’s why we suggest you first educate yourself properly before throwing any money into investments.

Epic Trust Withdrawal

Another suspicious detail about this company is the Epic Trust withdrawal procedure. Firstly, they claim to send money in a crypto wallet. 

Also, they claim to process it immediately. Not to mention, they don’t reveal any withdrawal fees. But to be fair, if the company was any close to legit and if they were doing this, many more traders would talk about them. Yet, they are not.

Customer Support

One quite disturbing detail with this company is a lack of quick contact options. They don’t have adequate customer service or transparent operating hours. So, your best shot is to send them an e-mail and hope they will respond. 

If you think that’s the way a trusted investment firm operates, feel free to continue with the journey.

Key Information To Consider About Epic Trust?

First, the registration date is irregular. Second, the copy-pasted company has been found on the FMA warning list, which means it is not legit, either. Lastly, but most importantly, Epic Trust scam company is not in the SEC or IIROC register of regulated companies.

With all this in mind, we strongly recommend you withdraw your funds immediately. If any problem occurs, feel free to contact us for advice.

FAQ Section

What is Epic Trust?

Epic Trust is an investment firm allegedly based in New Zealand that has been operating since 2023 and not 2001 as they claim.

Is Epic Trust Legit?

No. The company is not regulated by the FMA NZ, SEC, or IIROC. Also, they are promising returns and that’s not a sign of a legitimate firm.

How to Get Money Back From a Financial Fraud?

Since this company mainly operates with cryptos, you might need the CipherTrace tool in the funds’ recovery process. For detailed guidance, contact our refund specialists for a free first consultation.

Fivestarpips Review 2024: Is it a Scam or Legit?

The world of online trading and investment is dynamic, and one major problem is the rise of shady brokers posing as reliable brokers. Due to this, we face countless types of scams such as Forex Scams, Cryptocurrency Scams, Romance Scams, Binary trading scams, CFD Scams, and many more.  A thorough investigation is necessary on the suspected fraudulent acts that have brought Fivestarpips to light recently. We aim to provide a fair evaluation with verified facts and data from reliable and trustworthy sources through our thorough Fivestarpips review.

Fivestarpips Website – www.fivestarpips.com

Website Availability – No

Address shown – NA

Warned By – Finansinspektionen (Sweden)

Domain Age of Fivestarpips 

Domain Name: fivestarpips.comRegistry Domain ID: 2771071504_DOMAIN_COM-VRSNRegistrar WHOIS Server: whois.godaddy.comRegistrar URL: https://www.godaddy.comUpdated Date: 2023-04-06T15:47:05ZCreation Date: 2023-04-06T15:47:05ZRegistrar Registration Expiration Date: 2024-04-06T15:47:05Z

Important elements that show if Fivestarpips is a fraud

The Swedish Financial Supervisory Authority, Finansinspektionen (FI), is concerned about the actions of those acting as Fivestarpips and allegedly giving Swedish investors the chance to trade stocks. However, after closer examination, several concerning differences have surfaced, leading FI to strongly caution prospective investors.

Website Dysfunctionality Raises Red Flags

Among the main causes for concern is the website of Fivestarpips appearing to be broken. The website malfunctions, raising doubts about the legitimacy of the operation despite claims to be a legal commercial company. The absence of an online presence is frequently a red flag for fraudulent activity, which leads FI to investigate more.

Unverifiable Existence of Fivestarpips

The outcomes of FI’s inquiry into Fivestarpips are concerning. In addition to not having FI’s approval to do securities activity in Sweden, the entity’s legitimacy as a legitimate firm has also been questioned. The legality of Fivestarpips’ operations is seriously questioned in light of the lack of any official recognition or regulatory control.

Absence of Authorization and Oversight

Moreover, FI has made it clear that Fivestarpips isn’t regulated by FI and is not permitted to provide financial services in Sweden. Investors are exposed to serious risks due to this lack of regulatory permission since they would be doing business with a company that is not compliant with existing laws and regulations. Doubts about Fivestarpips’ operations are further heightened by the fact that no notice of cross-border activity from other European Economic Area (EEA) nations has been received.

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

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If you are the one who got scammed by Fivestarpips or other fraud, the best solution recommended for getting your lost money back is Report Scam Community

We are one of the few legit recovery assistance and Chargeback organizations that are concerned with a victim’s recovery from losses. We are a committed team of Recovery specialists who have already helped hundreds of scam victims in recovering their lost money. Report Scam provides free consultation and anyone can register by filling out a very short complaint form.

Fivestarpips Review: Fivestarpips Scam Conclusion

The alleged actions of Fivestarpips highlight how crucial it is to exercise extreme caution and due research when navigating the financial world. It is important for investors to exercise caution when giving their cash to any organization and to stay aware of businesses operating outside of regulated structures. People can reduce the dangers connected with fraudulent schemes and protect their financial well-being by being educated and paying attention to regulatory warnings.

Also, to prevent yourself from scams like – Forex scams, Binary scams, Romance/Dating scams, Cryptocurrency scams, or any other scams, you should pick a broker or company regulated by some major regulators like FCA, FINMA, SEC, FMA, ASIC, etc. Check the Scam Broker Reviews 2024, Scam Broker Reviews 2023, and Scam Broker Reviews 2022 we have published to check if your broker is a scam or a legit broker.

Read about Chargebacks

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

Note: The Fivestarpips review written above is influenced by the other Fivestarpips reviews already on the web. We are not liable for any legal action from the Fivestarpips company. In case of any query please mail us at [email protected].

Aerofinancing Review 2024: Is it a Scam or Legit?

The world of online trading and investment is dynamic, and one major problem is the rise of shady brokers posing as reliable brokers. Due to this, we face countless types of scams such as Forex Scams, Cryptocurrency Scams, Romance Scams, Binary trading scams, CFD Scams, and many more.  A thorough investigation is necessary on the suspected fraudulent acts that have brought Aerofinancing to light recently. We aim to provide a fair evaluation with verified facts and data from reliable and trustworthy sources through our thorough Aerofinancing review.

Aerofinancing Website – www.aerofinancing.com

Website Availability – No

Address shown – 30 St Mary Axe, London EC3A 8BF, 2880, Broadway, New York, NY 10025

Warned By – Finansinspektionen (Sweden)

Domain Age of Aerofinancing

Domain Name: AEROFINANCING.COMRegistry Domain ID: 2813039932_DOMAIN_COM-VRSNRegistrar WHOIS Server: whois.namebright.comRegistrar URL: http://www.NameBright.comUpdated Date: 2024-02-25T21:16:53ZCreation Date: 2023-09-11T18:20:34ZRegistry Expiry Date: 2024-09-11T18:20:34Z

Important elements that show if Aerofinancing is a fraud

Concerns have been voiced by Finansinspektionen (FI) about Aerofinancing, an organization that purports to provide Swedish investors with chances for securities trading. After conducting an inquiry, FI discovered disparities in Aerofinancing’s authenticity and license to conduct business in Sweden.

Lack of Authorization

According to FI’s inquiry, Aerofinancing isn’t allowed by FI to offer any other financial services or undertake securities activity in Sweden. Furthermore, the company’s operations and integrity are seriously questioned because it is not FI’s responsibility. Aerofinancing says it offers financial services, but its validity is called into question because it isn’t included among the businesses that FI has authorized.

Cross-Border Activities

Concerns are made worse by the fact that FI has not been notified of Aerofinancing’s cross-border operations within the European Economic Area (EEA). The possible hazards related to Aerofinancing’s activities are highlighted by the lack of regulatory monitoring from other EEA nations.

Lack of Domicile Authorization

Aerofinancing indicates that it is based in a certain nation, but it is not authorized to offer financial services by the relevant regulatory body in that nation. This disparity calls into question the company’s regulatory compliance and openness.

Investor Warning

Investors and the general public are cautioned by FI not to do business with unlicensed companies such as Aerofinancing. FI has a Warning List of companies that aren’t allowed to provide financial services to reduce risks. Investors seeking a list of fully approved financial service providers in Sweden are advised to go to FI’s Company Register.

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

Get a Free Consultation

If you are the one who got scammed by Aerofinancing or other fraud, the best solution recommended for getting your lost money back is Report Scam Community

We are one of the few legit recovery assistance and Chargeback organizations that are concerned with a victim’s recovery from losses. We are a committed team of Recovery specialists who have already helped hundreds of scam victims in recovering their lost money. Report Scam provides free consultation and anyone can register by filling out a very short complaint form.

Aerofinancing Review: Aerofinancing Scam Conclusion

Given FI’s results, Swedish investors wishing to be requested by companies such as Aerofinancing should proceed with care and strict research. The inherently risky nature of doing business with such firms is highlighted by the absence of regulatory authorization and possible cross-border irregularities. By strict monitoring and enforcement, FI is still dedicated to defending the rights of investors and preserving the integrity of Sweden’s financial markets.

Also, to prevent yourself from scams like – Forex scams, Binary scams, Romance/Dating scams, Cryptocurrency scams, or any other scams, you should pick a broker or company regulated by some major regulators like FCA, FINMA, SEC, FMA, ASIC, etc. Check the Scam Broker Reviews 2024, Scam Broker Reviews 2023, and Scam Broker Reviews 2022 we have published to check if your broker is a scam or a legit broker.

Read about Chargebacks

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

Note: The Aerofinancing review written above is influenced by the other Aerofinancing reviews already on the web. We are not liable for any legal action from the Aerofinancing company. In case of any query please mail us at [email protected].