The abundance of these small-time scammers advertising revolutionary ways of getting rich is starting to concern us. The broker we’re discussing today is yet another SVG-based scam that we’re here to expose in our VastWealth review.��

All the warning signs are there, wherever you look. Whether you want to get information on their license, or the trading platform, or the environment itself – you can’t. The scarce pieces of info given on the website do not reveal much. These details only serve to disguise the truth of VastWealth being a horrible brokerage altogether.�

On top of already disturbing red flags found all over, there’s even warnings issued against this sham. Nothing could save VastWealth from the conclusion we’re about to draw in the following review – they’re a swindler, through and through.

What Are the Risks Involved When Trading with VastWealth?

Trading at VastWealth is as risky as trading with any other scammer of this caliber. The broker’s location being SVG implies they had no chance of being regulated by the jurisdictional authority – SVGFSA. Vallencio LLC is registered with this entity, but this financial agency doesn’t regulate brokers anymore. So, they couldn’t have a trading license.�

Furthermore, after checking databases of premium regulators like FCA, BaFin, CySEC, ASIC, CNMV and FSMA, we only found the warnings issued.

You should never settle with anything less than a broker with a prestigious license. We always enforce this belief for the sake of your safety as a trader. For example, VastWealth will offer you leverage of up to 1:400 and fake trading conditions to get you to invest and rob you of your funds quicker.�

Regulated brokers cannot do this because the presence of a license and external supervision prevents them from acting the way VastWealth does. Heavily regulated broker dealers have to provide segregated bank accounts as a way of keeping your investments safe. When the broker cannot access your funds, they cannot misuse them like VastWealth openly does.�

Seeing the scarily high leverage of 1:400 will certainly trigger your scammer detection senses. However, there’s always worse. GroupTFM is a similar fraud offering leverage of terrifying 1:600 max.

�Remember that the UK, EEA and AU have leverage capped at 1:30. It’s only slightly higher in the US (1:50), but the general idea remains the same and it serves to prevent quick loss.�

When trading under regulation, you can rely on the financial ombudsman to protect you in case of dispute through a compensation fund. Not with VastWealth, though. This financial swindler will defraud you any way they can and do their best to get away with it unpunished!

The warnings issued on this cyber criminal confirm all our doubts about this dubious broker. Monafoli is another fake brokerage brand also blacklisted by FCA and for a good reason! Take a look what the financial authorities have to say about this fraudulent scheme:

• FCA
• CSA
• CNMV

VastWealth Reviews and Comments

The first warning you’re faced with when visiting the VastWealth page at TrustPilot is the one about fake reviews detected. Apparently, the company pays review-writers that leave positive ratings and evaluations to raise the VastWealth reputation.�

Unluckily for VastWealth, this doesn’t help much in masking their wrongdoings. Most of the customers have an exceedingly negative opinion on this financial services provider. Here is how some of them go:

Vastwealth is a scam investment platform that almost ripped me off of a considerable amount of money. The experience was terrible, and I regretted ever signing up for the platform.[…]

Please please avoid this company, it is a scam, you will never see a penny return.
They WILL keep calling to invest more money, do not fall into their trap, I’m writing from personal experience. AVOID THEM

Total SCAM . Deposit $250 , watch it grow, try and make a withdrawal. Conveniently you can’t access your account. STAY WELL AWAY!

Where Does the Broker Operate? – Countries of Service

VastWealth doesn’t filter their clients much – they just want you to sign up and start investing. The website is only available in English, so you’d assume they mostly target English native speakers. However, the reports show the victims do not just come from the primarily English-speaking areas. The countries where this scam mostly operates are:

• Cyprus
• United Kingdom
• United States

How Does the Scam Work?

Being an unscrupulous scheme of fake foreign exchange demands wearing a certain mask and image. VastWealth builds theirs on fake promises, arrogance and boastfulness. Not only do they claim to be the leading Forex and CFD exchange company, but they also supposedly have the best security systems, 24/7 customer support and unmatched trading conditions.��

Under the excuse of providing the customers with a revolutionary trading environment, VastWealth finds it only justified to boost the prices for their illusory services. We’ll later discuss just how expensive the trading accounts and tools are.�

However, the devoted agents will not reveal this about their company. Their skill lies in the fact that they can convince you these fabrications to be the only truth! With a lot of patience and persistence, boiler room agents at VastWealth can convince you to invest. By the time you get a hunch of something bad going on, the swindler has you dancing in the palm of their hand already.

What Products are Offered?

Under ridiculously high exposure to risk and with undefined, but supposedly lowest spreads on the market, you can trade the following instruments at VastWealth:

• Forex (AUD/USD, EUR/USD, USD/CHF, GBP/USD, USD/JPY)
• Commodities (Gold, Silver, Natural Gas, Crude Oil)
• Crypto (BTC, ETH, XRP, LTC)
• Indices (S&P 500, NASDAQ 100, NIKKEI 225, ASX 200)
• Stocks (Yahoo, Apple, Alibaba, Twitter, Visa, Toyota)

VastWealth Platforms and Accounts

Not surprising in the least, the VastWealth technological solution to your trading demands is not available without an account. Advertised as an “online trading gateway to more accessible, more innovative, safer trading”, this platform sounds like something we’ve all been waiting for.�

However, if it was that rich, revolutionary and innovative, we’d have already heard of it. We highly doubt it could even compare to the stand alone apps like MT4, MT5 and cTrader. The VastWealth webtrader is probably nothing more than bogus software that the swindler easily manipulates and modulates according to their goals.�

Account opening with this insincere broker is not working without a Promo Code. What a shame that we couldn’t witness the greatness of this unscrupulous trading app. What’s even more saddening is the fact that this denied us the opportunity to spend a horrendous $5,000 to buy a starter account.�

Here’s what the packages cost at VastWealth:

• TEST – $5,000 �
• STANDARD – $25,000
• PRO – $100,000
• VIP – $250,000+

Withdrawing Profits From Your Broker Account

Confusion hit us hard with this one. VastWealth allows withdrawals only if the withdrawal amount is over $500,00. After that, the Terms and Conditions doc says: “We do not charge fees for any deposit or withdrawal transaction, but we do not guarantee that all transactions will be free of charge”.�

So, you’re supposedly able to perform transactions without being charged but it’s not guaranteed these wouldn’t cost you anything? At this point, this dastardly scheme only manipulates words and plays mind games with users to find excuses to block payouts.�

We’ve already pointed out that the scammed victims complain about the disturbingly recurring phone calls and email spamming while the cashout is never processed.�

I Was a Victim of the VastWealth Scam, What Should I Do?

Are you suspecting to be the next VastWealth victim? If you’ve invested real cash with this defrauding criminal and the payouts aren’t happening, then your doubts are probably justified. That’s a reason enough to contact our support team instantaneously.�

Describe your problem to us and we’ll offer you useful advice. Not only will it cost you nothing, but you will immediately feel better after sharing your story and experience. Needless to say, your knowledge of this or any other scammer helps us build a strategy to pursue them and alert the authorities in charge of such cases. So, for the sake of regaining your capital, reach out to us today.

How trusted is VastWealth?

VastWealth is not a trusted brokerage, although they claim so. Their statements are all lies and they are not regulated to provide their services. If anything, they’ve actually been blacklisted for their engagement in scams.

Does VastWealth Offer a Demo Account?

As far as the site explains, the broker does not utilize a Demo account for trial trading with risk-free conditions.

Can I Trade Crypto and CFDs With VastWealth?

These are advertised tradable instruments but we cannot confirm or deny if it is true, as the platform-testing wasn’t an option at the time of writing this review. Either way, trading with an unlicensed broker is not profitable however you look at it.

Presented as “representative of the FCA” since 2016, Top-Respect is misleading many clients to believe they are dealing with a legit business. However, we did all we can to expose the fraud and give you exact information. Read our Top-Respect review and check what to do in case you were scammed.

Top-Respect Regulation and Security

Top-Respect is a shady anonymous broker that for sure didn’t deserve any respect. The owner is not explicitly listed, while the broker says it’s a leading company in the FCA market. However, since the FCA is a regulatory body, we are unsure what an FCA market is. We are sure that the broker is not regulated by the FCA or any other authority body.

Since we are dealing with an illicit brokerage, beware of scams.

Warnings From Financial Regulators

Since the broker published on the website an FCA regulation number 163299, of course, this regulatory body reacted. However, the regulation mentioned above belongs to London and Oxford Capital Markets Limited, and this company has no relations with Top-Respect brokerage.

The FCA listed Top-Respect as a clone firm and a fraudulent broker, advising all the citizens that have been scammed to file a complaint immediately.

Fund Withdrawal Issues

Since we are dealing with a broker pretending to be a legit company, do not be surprised to hear you won’t be able to withdraw your money. According to several Top-Respect reviews we found, clients are trying to withdraw for months with no success.

At first, everything sounds thrilling. You might even make some profit. But after you’ve deposited a significant amount, you will not be able to withdraw not your initial investment and not your profit.

Beware of this and do not fall for the Top-Respect scam. Also, stay away from scam brokers such as Zenfinex, MigoTrade, and PatronFX.

How Does Online Trading Scam Work?

Like you can see in the example of Top-Respect, many brokers are advertising something they cannot fulfil. In this particular case, you see a broker registered by the FCA. However, it’s all just an ad — misleading information for you to deposit the money. And once you do, your hard time starts. You might invest more and more, but withdrawing will be nearly impossible.

And the worst part, you have nobody to complain to. There is no regulator and no supervisor. So you need to fight for a refund yourself.

Scammed by Top-Respect?

If you were among many victims of the Top-Respect scam, you would be pleased to hear there is a possibility of getting your money back. First, you need to file a dispute and request a chargeback.

But what is a chargeback? In the likely case that a fraudulent broker scammed you, a chargeback is a way for your bank to return the money and refund your card. For successful chargeback, you need to provide evidence and present your case. Again, the best would be to ask experts for advice.

Contact us via chat, book your free consultations, and let’s get your money back.

What is Top-Respect?

Top-Respect is an online trading platform blacklisted by the FCA.

Is Top-Respect a scam?

The broker is blacklisted by the FCA and has no regulations at all.

Is Top-Respect regulated?

Top-Respect claims to be regulated by the FCA but is blacklisted by this authority body.

Many offshore brokers tend to present themselves as legitimate trading firms. They do that by presenting us with fake regulations and funds protection measures. In reality, once you start trading with those brokers, none of those measures truly exist.

The situation is the same here. That’s why we have this honest SeguroFX review to present you with key disadvantages this broker has, the ones they use to present as advantages.

Legal info: Is SeguroFX Legit or A Scam?

In the first place, SeguroFX claims to be regulated by the RMI under the Banking Act in the Marshall Islands. If such regulation existed, all brokers there would have it. In any case, whether they have it or not, it can’t be trusted. Compared to FCA, BaFin, or ASIC, such regulations don’t include any features for protecting trusted funds.

Another reason why we can’t trust what this company says is multiple warnings against them. If the AMF, CONSOB, and A-TVP are wrong, then we are wrong. In most cases, they are not.

Who are SeguroFX’s Victims?

Since 2023 when this trading brand was established, we can see their services offered worldwide. Even though they thought Italian and French authorities wouldn’t recognize their scam activities, they were wrong. It’s not a smart move to target countries like: 

• Italy
• France
• Brazil
• Canada
• Argentina

After traders reported issues with the SeguroFX broker, warnings started piling up very quickly. All we need is your experience in our comments section about any of these firms. Ultimately, our team can advise you on refund steps and help regulators expose these frauds.

Traders Reviews

Even though the company has been around only for a few months, negative reviews have already been posted about it. It seems this firm is not very comfortable providing withdrawals for its customers. But what else can you expect from an unregulated broker?

Leverage, Commissions, Spreads, Fees and Taxes

One of the biggest problems with SeguroFX brokers is a lack of transparency about trading conditions. Not even the leverage is transparently published. In any case, anything above 1:50 should be a warning sign.

When it comes to fees, spreads, and commissions, prepare yourself for surprises. This broker doesn’t reveal any of those.

Bonuses

Indeed, it appears some of the SeguroFX account offers include bonus deals. Thus, the company’s T&Cs don’t reveal transparent bonus conditions. Consequently, traders can expect problems withdrawing any of the bonus funds or funds generated with it. A perfect example of such a scam is the OroTrader broker.

SeguroFX Trading Features

The only feature that can be considered advanced with this trading firm is trading signals. Thus, without regulations, it’s hard to believe any of those. 

In general, everything else on the company’s platform is highly speculative. But to learn how to diversify trusted features from fake features, check our IV Markets review.

Trading Platforms Available

One of the key aspects of any brokerage is the trading platform. If there’s no trusted option available, there’s nothing you should hope for with that broker. 

Sadly, that’s exactly the case once you open the SeguroFX account. With their web-based software, traders can only expect manipulations. Instead, we suggest all traders stick to cTrader or MetaTrader with a top-tier licensed firm.

Available Trading Assets

Whatever you want to trade with this brokerage, you’ve got it. The key question is if you can trust the data presented about those assets. It’s widely known scam brokers use fictive platforms to present traders with fictive data and results. Therefore, how can you trust them? 

In any case, if you still opt to do so, you can trade: 

• Forex – USD/JPY, EUR/SEK
• CFDs – gold, CAC40, Amazon          
• Cryptos – ETH, LTC

Account Types

When you look at the accounts offered by SeguroFX Forex broker, you will realize it’s all delusional. They don’t reveal minimum trading requirements, and they will certainly require you to deposit more money for their fictional services and features, such as 1-on-1 sessions, spread reduction, VIP Trading support, individual training, and many more. In reality, none of those features truly exist.

Mobile Trading App

If you still choose to trade with this broker, completing the SeguroFX login process won’t give you access to trusted apps. Be sure to check it since their platform is completely web-based. 

Instead of trusted apps, traders have to use their browsers to access their trading accounts. Certainly, that’s not the safest method around.

Demo Account

One of the significant disadvantages of the web-based SeguroFX app is the lack of a demo account feature. We have all realized trading conditions are mysterious. At least they could’ve given us a chance to test them via demo. Sadly, that’s not the case.

Education

Of course, the education with this broker can be expected only in a live session with their so-called “experts.” But we strongly advise all traders not to fall for it. 

All those programs will certainly lead you to deposit more money. However, you won’t be able to withdraw any.

SeguroFX Withdrawal

Considering the company’s bonus policy, lack of regulations, and multiple warnings, it’s not reasonable to expect withdrawals from them. Not to mention, the company doesn’t reveal processing time or fees for withdrawal requests. 

Ultimately, that will give them an advantage over traders and allow them to make rushed decisions. In most cases, the ones will cost them everything they have.

Customer Support

Contact options with the SeguroFX scam broker are a clear sign that you should not trust them. There are only e-mail and web contact forms available. Of course, there are no transparent working hours during which traders can expect answers.

Key Information To Consider About SeguroFX

In the first place, traders need to realize this company is not regulated. After all, multiple warnings were not issued without a reason. Secondly, they have non-transparent conditions, and the trading platform is absolutely untrusted. With all this in mind, there’s only one thing expected – manipulation.

If that happens, we urge traders to talk to our refund experts about options to recover their funds. Ultimately, it could be too late if they don’t do it on time. At least our first consultation is free of charge. So, there’s nothing to worry about when you book it. Do it today if you don’t want to lose all of your funds forever.

FAQ Section

What is SeguroFX?

SeguroFX is a scam broker that has been operating since 2023 from the Marshall Islands.

Is SeguroFX Legit?

No. The company is not licensed by any top-tier authority. Instead, they appear on a warning list of the AMF, CONSOB, and A-TVP.

How to Get Money Out of My SeguroFX Account?

To withdraw any of your finds you might need our experts’ professional assistance with CipherTrace. Get in touch now and find out more details about the fund’s recovery options.

It is important to realize that this trading firm presents itself as Danish-based. We all know how strict Denmark is when it comes to following rules and guidelines. After all, it wouldn’t be one of the countries with the highest standards in the world.

Still, some brokers dare to ruin that status or at least try to. Luckily, this Orbonex review helps all traders recognize this scam on time and avoid all potential traps.

Legal info: Is Orbonex Legit or A Scam?

The company should be regulated by the Danish DFSA. Unfortunately, this register doesn’t have any records of Orbonex firm being licensed. This might be concerning since they present themselves as a company with security as the top priority.

We didn’t lose hope and tried checking top-tier regulators across Europe, such as FCA, BaFin, CONSOB, and similar. Thus, the results were similarly disappointing. Regardless of the company’s fake security encryption and cybersecurity, they don’t have any funds protection measures, such as negative balance protection or segregated accounts for deposits.

Who are Orbonex’s Victims?

In the absence of real Orbonex reviews, it’s hard to tell the true demographic of the company’s clients. Nevertheless, with the domain registered in February 2024, it’s reasonable that we can’t see many comments. 

Anyway, the domain traffic shows us what countries are potential targets. Those are mainly: 

• Canada
• Lithuania

Whatever your country is, we invite you to share your experience in our comments section. Also, if you were a victim of brokers like Merjes Group or InvestusPro. All these swindlers have the same goal. That’s to rip traders off. If that’s your destiny with them, contact our refund team as soon as possible for assistance.

Traders Reviews

So far, we can see comments about Orbonex broker only on one platform. Apparently, these are positive, similar to the ones presented on the company’s website. But it’s hard to believe anything like that, especially since the company is only a few months old.

That’s why we always encourage traders to share experiences anywhere they can. With a bigger number of comments, it’s easier to make a conclusion. In any case, if you experience any irregularity with this firm, reach out for detailed advice.

Leverage, Commissions, Spreads, Fees and Taxes

One of the leading problems, besides missing Orbonex Forex options, is non-transparent trading conditions. All fees, commissions, and spreads are completely hidden from the public. Sadly, registration with this broker requires a promo code, and we can’t get access to the platform to explore.

They most likely lure traders through fictive ad campaigns to get started, and promo codes are received through the fake referral program. At least the company offers something that complies with regulations. That’s leverage of up to 1:50.

Bonuses

Offering bonus funds is a standard tactic among scammers to prevent traders from withdrawing funds. Of course, Orbonex trading firm will also use the same trick. Before traders meet certain requirements, they can’t withdraw any funds. Sadly, those requirements are unknown.

Orbonex Trading Features

One of the offers that might be attractive to traders is the Orbonex AI trading features. Thus, scam brokers are highly expected to manipulate and provide fake results. Especially when you see the company offering AnyDesk and TeamViewer. These are usually signs that they will try to find where traders keep their funds and just rip them off.

Trading Platforms Available

Apparently, this trading firm offers highly reputable Meta Trader 5. Even though they provide download options, access to WebTrader is limited. 

However, a highly suspicious registration process might also prevent traders from revealing the truth. In any case, if you register with them and see anything else but MT5, you know they are scamming you.

Available Trading Assets

Surprisingly, the company doesn’t offer Forex pairs as one of the most popular options for traders. Instead, you can trade:

• Commodities – gold, natural gas
• Stocks – IBM, AMD
• Cryptos – ETH, LTC
• Indices – ASX200, NASDAQ
• NFTs           

Account Types

To be fair, all account types with this firm include some fictional benefits for traders. Those are expert support, full-protected trades, monthly market research, and education, just to name a few. Thus, for those they will require you to pay more and more money. 

In any case, all options are: 

• Starter – $250
• Bronze – $10.000
• Silver – $25.000
• Gold – $50.000
• Platinum – $100.000
• Black – Invitation only

Mobile Trading App

According to the company, mobile apps for iOS and Android are available. Thus, we realized that after missing regulations, they can’t be trusted for anything, especially when they advertise remote-controlling apps they use to steal money.

Demo Account

If the company offered a demo account, access to the MT5 platform would not be limited. But when it doesn’t offer one, it’s usually a sign that some details must be hidden.

Education

Besides blog posts and articles, the company also offers educational programs with analysts. But also, webinars and live sessions. Thus, without a license, can you truly trust those?

Orbonex Withdrawal

Another huge problem with this company is a lack of Orbonex withdrawal process transparency. They practically don’t reveal what methods traders can use, how long it takes, or how much it will cost. 

This combination is the perfect soil for manipulation. Especially with their shady bonus policy. Therefore, you can consider withdrawals practically impossible.

Customer Support

As can be seen, the company provides us with phone numbers in the UK and Canada. But they don’t have Danish ones. In any case, the company promotes 24/5 support and in most cases over WhatsApp.

Key Information To Consider About Orbonex

As mentioned, the key issue with the Orbonex scam broker is a lack of regulations. Consequently, everything else becomes questionable. On top of that, the company has a shady withdrawal and bonus policy and a registration process. Not to mention they use AnyDesk and TeamViewer apps. Certainly not for something legit.

Therefore, if you get ripped off by this broker, don’t waste a bit of time. Get in touch with our experts and find out quickly how to recover your money. Most importantly, the first meeting is completely free. Book yours now.

FAQ Section

What is Orbonex?

Orbonex is a misleading trading firm that has been offering services since February 2024.

Is Orbonex Legit?

Definitely not. The company is not regulated in Denmark by DFSA or any other top-tier regulator in Europe.

How to Get Money Back From a Scam Broker?

Since payment methods are highly questionable and the company uses remote-controlling apps, you will certainly need refund assistance. For guidance, reach our refund specialists.

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Apexspan Review 2024: Is Apexspan a Scam or Legit?

The rise of scammers acting as trustworthy brokers is a major problem in the world of online trading and investing. 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 Apexspan to light recently. We aim to provide a fair evaluation with verified facts and data from reliable and trustworthy sources through our thorough Apexspan review.

Apexspan Website – https://apexspan.com/Website Availability – NoAddress shown – Unit 1411 14 floor Cosco Tower 183 Queen Road Central Hong Kong Beachmont Business Centre 183 Kingstown Saint Vincent and the GrenadinesWarned By – Australian Securities and Investments Commission (Australia)Domain Age of ApexspanDomain Name: APEXSPAN.COMRegistry Domain ID: 2852093215_DOMAIN_COM-VRSNRegistrar WHOIS Server: whois.namesilo.comRegistrar URL: http://www.namesilo.comUpdated Date: 2024-02-03T15:14:48ZCreation Date: 2024-02-03T15:14:39ZRegistry Expiry Date: 2025-02-03T15:14:39Z

Key indicators that indicate whether Apexspan is a scam

Apexspan website (https://apexspan.com/) is presently unavailable, adding to concerns about its legitimacy. The Australian Securities and Investments Commission (ASIC) has blacklisted Apexspan, indicating its unregulated status. Moreover, Apexspan dubious promises of significant earnings align with scam patterns, undermining trust. Such assertions often lure unsuspecting individuals into financial traps.

This warning highlights the potential risks associated with engaging Apexspan’s services. Consumers should remain wary, recognizing the red flags associated with unrealistic promises and unregulated entities. Vigilance is paramount to avoid falling victim to scams like those purported by Apexspan.

Unfavorable fraud complaints and negative Apexspan reviews

According to Apexspan Review, a scam broker may be recognized by the number of negative reviews and scam reports from clients and business associates. The number of negative reviews and reports of fraud involving Apexspan causes doubt in the minds of potential investors. Several allegations of financial losses, unethical behavior, and fraudulent tactics cast doubt on the company’s validity. Before entrusting any brokerage business with its assets, potential customers should research the firm and go through other people’s experiences.

Investors should take negative reviews and fraud complaints linked to Apexspan seriously, as these occurrences could point to possible dangers and problems that might harm their financial interests. It’s essential to continue being informed and watchful to safeguard your financial interests.

How to Guard Your Investments Against Fraud

Although trading in financial markets such as cryptocurrency, binary options, and forex may be profitable, hazards such as the possibility of coming across dishonest brokers are involved. A proactive and vigilant strategy is necessary to safeguard your investments against fraudulent businesses and frauds such as Apexspan. When interacting with questionable brokers, take into account the following precautions:

• Before engaging a broker, do extensive research on the broker’s legitimacy. Investigate licenses, regulatory status, and track record.
• Check online Apexspan reviews, forums, and social media platforms for feedback and experiences shared by other traders. This can provide valuable insights into the broker’s reputation and reliability. You can also check our list of scam brokers 2024.
• Only choose brokers that are properly regulated and licensed by recognized financial authorities.
• Ensure the broker has a physical address and contact details that can be verified.
• Evaluate the broker’s customer support services before opening an account. Prompt and efficient customer support is essential for addressing queries, concerns, and issues.
• Remember that trading involves inherent risks, and no broker can guarantee consistent profits.
• Review the broker’s withdrawal policies and procedures. Ensure they provide clear and straightforward processes for withdrawing funds.
• Don’t rush into decisions. Take the time to evaluate all aspects of a broker’s legitimacy and make an informed choice.

Traders can lessen their risk of falling victim to Apexspan or other scams and preserve their financial assets by following the above-mentioned suggestions and keeping cautious. Keep in mind that extensive research and due investigation, such as reading a Apexspan review, are critical to ensure a safe and dependable trading experience.

Apexspan Review: Apexspan Scam Conclusion

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

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

Get a Free Consultation

If you are the one who got scammed by Apexspan 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.

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

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Xera Review 2024: Is Xera a Scam or Legit?

The rise of scammers acting as trustworthy brokers is a major problem in the world of online trading and investing. 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 Xera to light recently. We aim to provide a fair evaluation with verified facts and data from reliable and trustworthy sources through our thorough Xera review.

Xera Website – https://web.xera.pro/

Website Availability – Yes

Address shown – NA

Warned By – Australian Securities and Investments Commission (Australia)

Key indicators that indicate whether Xera is a scam

Xera, accessible through web.xera.pro, operates without a disclosed address and has been cautioned by the Australian Securities and Investments Commission (ASIC). This suggests potential regulatory non-compliance or unauthorized financial services targeting Australian consumers. Lack of ASIC licensure underscores risks associated with engaging Xera’s services.

Australian consumers should exercise caution, as dealings with unlicensed entities could pose financial hazards. ASIC’s warning emphasizes the importance of verifying the legitimacy of financial service providers. Potential users should conduct thorough research and seek licensed alternatives to ensure financial safety and regulatory compliance.

Unfavorable fraud complaints and negative Xera reviews

According to Xera Review, a scam broker may be recognized by the number of negative reviews and scam reports from clients and business associates. The number of negative reviews and reports of fraud involving Xera causes doubt in the minds of potential investors. Several allegations of financial losses, unethical behavior, and fraudulent tactics cast doubt on the company’s validity. Before entrusting any brokerage business with its assets, potential customers should research the firm and go through other people’s experiences.

Investors should take negative reviews and fraud complaints linked to Xera seriously, as these occurrences could point to possible dangers and problems that might harm their financial interests. It’s essential to continue being informed and watchful to safeguard your financial interests.

How to Guard Your Investments Against Fraud

Although trading in financial markets such as cryptocurrency, binary options, and forex may be profitable, hazards such as the possibility of coming across dishonest brokers are involved. A proactive and vigilant strategy is necessary to safeguard your investments against fraudulent businesses and frauds such as Xera. When interacting with questionable brokers, take into account the following precautions:

• Before engaging a broker, do extensive research on the broker’s legitimacy. Investigate licenses, regulatory status, and track record.
• Check online Xera reviews, forums, and social media platforms for feedback and experiences shared by other traders. This can provide valuable insights into the broker’s reputation and reliability. You can also check our list of scam brokers 2024.
• Only choose brokers that are properly regulated and licensed by recognized financial authorities.
• Ensure the broker has a physical address and contact details that can be verified.
• Read through their terms and conditions, privacy policy, and risk disclosures to understand their policies and procedures.
• Evaluate the broker’s customer support services before opening an account. Prompt and efficient customer support is essential for addressing queries, concerns, and issues.
• Be wary of brokers that make extravagant promises, such as guaranteed profits or high returns with minimal risk.
• Remember that trading involves inherent risks, and no broker can guarantee consistent profits.
• Review the broker’s withdrawal policies and procedures. Ensure they provide clear and straightforward processes for withdrawing funds.
• Don’t rush into decisions. Take the time to evaluate all aspects of a broker’s legitimacy and make an informed choice.

Traders can lessen their risk of falling victim to Xera or other scams and preserve their financial assets by following the above-mentioned suggestions and keeping cautious. Keep in mind that extensive research and due investigation, such as reading a Xera review, are critical to ensure a safe and dependable trading experience.

Xera Review: Xera Scam Conclusion

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

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

Get a Free Consultation

If you are the one who got scammed by Xera 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.

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

Welcome to the CMTPRO Review, dear trader. Blinded by the fake shine of the fraudster’s corporate-looking website, with each passing moment you are tempted to invest. What you don’t know is that there is a vile scheme slithering like a snake underneath the green, futuristic facade.

Worry not, for we are here to warn you about the dangers and risks associated with this unscrupulous entity. 

What is more, we strongly advise you not to invest in Limit Markets, OnspotBNK and SwissRoi fraudulent brokers.

How Safe Is The CMTPRO Broker?

Not safe at all! In case you haven’t noticed, the broker went full-anonymous mode on its website. Who’s behind the provider, where is it from, and what about a license? These are the questions one should be asking. Unfortunately, we’re afraid that CMTPRO has no answers.

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

There’s no telling what could happen if you trust such a dubious broker with your funds. Instead, opt for providers that are formally and officially registered with top-tier regulators such as the FCA, BaFin, CySEC and ASIC. 

These authorities make sure the provider has substantial operating capital (for example, the FCA requires GBP 730,000) as well as a hefty indemnification clause in case of bankruptcy. Also, your funds are stored in segregated accounts in Tier 1 banks in the respective country.

So Is CMTPRO a Decent Broker or a Scam?

CMTPRO is an unregulated and fraudulent broker that tries to cheat traders from Belgium, Germany, Spain, Portugal and the UK. There’s plenty of evidence to prove this provider is illicit.

Warnings From Financial Regulators As a Red Flag About Scam

Not only is CMTPRO dishonest and unlicensed but it has also been blacklisted by several well-known organizations such as the Financial Services and Markets Authority (FSMA), The National Securities Market Commission (CNMV), and the Financial Supervisory Authority of Norway, which oversees the financial markets. Uh oh, that’s a bad look. The broker got what it deserved if you ask us. Such fraudulent activity had to be sanctioned.   

What Trading Software Does CMTPRO Offer?

CMTPRO claims to offer “the world’s most popular trading platform, MetaTrader.” Yet, it’s nowhere to be found. It seems the phony broker went way over its head on this one. MT is a phenomenal trading platform and we highly doubt that this scammer was able to obtain it. In reality, CMTPRO offers only a basic and unpolished WebTrader and a mobile version as well.

Mobile Trader 

Although this platform can indeed be accessed on both Android and iOS mobile devices, we don’t recommend you trade on it. It’s still WebTrader and therefore, ineffective. In general, mobile platforms fail in comparison to PC ones, i. e. issues constantly keep popping up.

Web Trader

As for the controversial WebTrader, this browser-based platform is far from ideal. Compared to Meta Trader platforms, it’s primitive and lackluster. Advanced features such as automated trading and analytical tools are missing. Furthermore, without an official license, it’s regularly subjected to manipulation by scammers.

What Сan Be Traded?

 According to CMTPRO’s website, the following instruments are available:

• Forex pairs – EUR/USD, GBP/AUD, CAD/USD…
• Commodities – gold, silver, crude oil…
• Indices – AU 200, BE 20, S&P 500, GER 30…
• Shares – Amazon, Apple, Google, Microsoft…
• Cryptocurrencies – Bitcoin, Ethereum, Litecoin & Ripple.

Not bad, we must add. While it may seem like an abundant offer, don’t forget that this financial swindler is unregulated. Thus, these assets only serve as bait in the grand scheme of things.

CMTPRO  – Countries Of Service

From what we gathered, CMTPRO is a relatively new scam entity. Fortunately, Belgium’s FSMA was quick to strike a warning against the fraudster. After more research and review-reading, we came to the firm conclusion that this illicit broker targets traders from the following countries:

• Belgium;
• Germany;
• Portugal;
• Spain;
• UK.

Furthermore, we highly recommend that you avoid the scam brokers HighTrustCapital, Equalpros, and Shangquan.

What Do We Know About CMTPRO Account Types?

CMTPRO was a bit unclear about the specificities of its account types. Apparently, it all boils down to what seems like a retail and professional trading account. However, the details about each type were not disclosed. See for yourself.

Can a Trader Open a Free Demo Account?

CMTPRO did not provide a free demo account. Thus, traders cannot see what they’re getting. It seems that the awful scheme knows no boundaries. Any legitimate broker is obliged to include a demo account.

About Leverage, Spreads, and Fees

As you may already know, CMTPRO promised an extremely favorable spread level of 0.0 pips. Yet, the realization was far from successful because we got 2.2 pips for EUR/USD on the trading platform. That’s as wide as a four-lane road and not competitive at all.

As for the leverage, it caps at 1:500. Outrageous! Bear in mind that each EU member state has to impose a leverage limit of 1:30 for retail clients. Our cyber fraudster exceeded that limit by a considerable mileage. As for commissions, which matter little now, here’s the table provided by CMTPRO.

High Minimum Deposit and Withdrawal Terms

As for the minimum deposit, CMTPRO says it requires traders to pay $250 to start. Also, the scammer alleges that every deposit and withdrawal is free of fee. There’s a discrepancy here – in the T&C, the broker claims the minimum deposit is $100. What’s the catch here? With all the ambiguity surrounding CMTPRO, you ought to avoid investing.

Choice Of Payment Methods

It’s clear that the fraudster stole the legal section. Nevertheless, from what we found, the acceptable payment methods include the classic – credit/debit cards, wire transfers and e-payments (it wasn’t specified which ones). The whole withdrawal process is rather vague.

Scammed by CMTPRO Broker? – Let Us Hear Your Story

If you fell into the trap of this bogus website, do not despair. It could’ve happened to anybody. We can try to make things better by revealing two ways you can get a refund. The chances might be slim but it’s definitely worth giving it a shot. Ever heard of a chargeback or a recall?

A Chargeback and a Recall?

• A chargeback is performed by the issuing bank within 540 days of the transaction.
• It is used to reverse credit/debit card transactions.
• In case of a wire transfer, you can request a recall at your bank.
• For it to work, the transaction must not have gone through.

What Is CMTPRO?

CMTPRO is an anonymous bogus provider that lied about offering trading services.

Is CMTPRO a Scam Broker?

CMTPRO is definitely a scam broker. It’s unregulated and blacklisted by several authorities. 

Is CMTPRO Available in the United States or the UK?

CMTPRO is available in the United Kingdom but not in the United States.

Does CMTPRO Offer a Demo Account?

CMTPRO does not offer a free demo account on its website.

Merrix broker seems extremely suspicious and untrustworthy even at a glance. You don’t need to be a Forex veteran to recognize when a shady brokerage is trying to deceive you and extort your money. All you need to do is take a look at the poorly designed website, and the lack of transparency will immediately signal that the platform is not genuine.

After all, several authorities labeled this company as a scam but didn’t do so without strong evidence. If you want to find out more about this evil scheme, read our Merrix review. 

Nothing but a Deceiver

Hardly any information exists about this nameless company running the website in question. All we know about them are the public warnings recently issued by major regulatory bodies. FSMA, CSA, AMF, CNMV, CONSOB, and FSC have all posted alerts concerning fraudulent operations put to motion by this notorious trickster. 

The platform appears to engage in unscrupulous activities, steals crypto investments, and provides zero safety to clients’ funds. Therefore, it would be best to avoid this scheme altogether and invest with a transparent Forex provider that can guarantee the safety of your funds. ProTrade24 is also known as a con artist, and a warning was issued against them, so beware.

Victims All Over Europe

The merrix.pro website was established on 25.07.2023. The lease on the domain is only valid for a single year, and is due to expire soon, which means you should start a recovery procedure as soon as possible.

The fraudsters mostly target people from these nations:

• Belgium
• Sweden
• Canada
• Netherlands
• Ireland

This self-proclaimed company functions as a scam call center, otherwise known as a “boiler room.” It employs agents, who use aliases and constantly go through phone books in search of new marks.

Following a script, they introduce themselves as finance experts and urge victims to invest. Afterward, they will show fake profits on a doctored trading platform, which gives them an excuse to launch an up-front fee scam.

Misleading Online Reviews

Immediately upon looking into the Merrix reviews on the web, you start seeing the signs of fraud. Nearly all of the comments, positive and negative, revolve around various aliases instead of the actual service. The quoted names are, of course, the boiler room agents we discussed earlier, but there’s another layer of deception involved.

Many of the TrustPilot ratings are written by the so-called review seller networks, organizations that specialize in creating fake online content. Thus, the company’s overall review score remains positive despite the actual client feedback.

Hidden Costs as Another Red Flag

Due to the site not revealing any information pertaining to costs, we could not determine if account funding and similar charges exist. What is certain is that despite these details being hidden, victims of the Merrix scam have complained about being asked to pay ridiculous withdrawal taxes. 

At that, the starting leverage ratio is marked to be 1:100, which is another proof of the platform operating illegally in the EEA. Other costs include high spreads of 3.5 pips on EUR/USD. 

Shabby Tools Don’t Instill Trust

To access any of the website features, you must first register for your Merrix login. After that, you’re urged to deposit ridiculous sums that do not bring any benefits. Keep reading this review to learn about abysmal prices and lack of basic trading features.

Rigged Platform

After seeing this unreliable and hardly responsive web trader on countless scam sites, we can confidently claim that it’s completely useless. Its only purpose is to lead victims to believe their investments are lucrative and that their profit is actually growing. 

Naturally, everything is just an illusion that breaks into pieces as soon as you ask for a withdrawal and learn that nothing is real.

Not Many Assets to Trade

Except for the information found inside the platform, there’s no other intel about the available tradable products except these:

• Forex – EUR/USD, EUR/CHF, USD/GBP
• Crypto – BTC, ETH, LTC
• Commodities – Oil, Coal, Cotton
• Indices – Dow Jones, Nasdaq, Ibex
• Shares – Tesla, Facebook, Disney
• NFTs – Moonbirds, Azuki, Beanz

Don’t Overpay for Fake Service!

Every Merrix account is overly expensive, without an obvious reason, except because the fraudsters want to get rich quickly. None of the advertised services are really available, and all your deposits will just line the scammers’ pockets. All the lies come at an extremely high price:

• Basic – $10.000
• Advanced – $50.000
• Advanced Plus – $250.000
• Advanced Pro – $500.000
• Expert – $1.000.000
• Advanced Plus – $2.000.000

Refrain from Crypto Transfers

In spite of selling the basic package for ten thousand dollars, the fraudsters actually accept minimum deposits of just $250 via crypto channels. These are known as a way for cyber thieves to easily steal huge sums while covering up their tracks and avoiding legal consequences. You can’t recover lost crypto without legal help and specialized software. 

Besides that, the Merrix withdrawal information isn’t available in the form of a payout policy or any other legal document, which is another example of fraudulent practice.

Email Support Only

If you compare shady portals like the Merrix website to reputable Forex dealers, you will see a significant deficit in communication options. That is because, in most cases, there’s no client support desk at all, like in the case of CFX Fund and similar deceivers. You can be sure that your emails will remain unanswered.

Get Your Money Back From a Scammer!

This self-proclaimed forex broker is nothing but a well disguised scam. The fraudsters have taken extensive measures to hide their true intentions from the general public, but they couldn’t deceive the financial regulatory agencies.

These con websites only last for a year or so before they get taken down one way or another. Do not delay – contact our legal experts immediately to start a fund recovery process. We are available 24/7 via the live chat, and our first consultation is free of charge.

FAQ Section

What is Merrix?

It is a dangerous online fraud that poses as a forex broker to deceive its clients.

Is Merrix Legit?

No, this is a bogus company that does not exist in any register. Numerous financial regulators have posted warnings about this firm.

How to Get Money Back From a Scam Broker?

Gather all of the information you have of your interaction with the fraudsters, and book a consultation with our expert team.

The first thing we can realize about this firm is a lack of legal transparency. Yes, indeed, they provide T&Cs, but you can’t find any details about founders, addresses, or legal entity info. Fairly, that’s always a sign to take a step back and rethink your investment choices.

Another problem with this firm is the scamming pattern. They are running pretty much the same brands like gevetex.com that are still active and numerous more that have already gone inactive, such as koypex.com and koygex.com. 

To avoid being scammed by these guys, make sure to read this Bitoneu review carefully.

Legal info: Is Bitoneu Legit or a Scam?

We believe that after the intro you already have an opinion this company is an absolute scam. Indeed, it is. But we want you to find out what tricks they are using so you can avoid them in the future. Most importantly, our advice can be used to stay away from any other investment firm.

The key problem with this exchange is a lack of regulatory oversight. Without FCA, BaFin, ASIC, or similar licenses, you can’t trust their services anyhow. Especially since such an anonymous company like this claims to have a quarterly trading volume of $137 billion.

Who are Bitoneu’s Victims?

If the company was so good, there would be at least some Bitoneu reviews publicly available. But when you realize their domain was registered in February 2024, nothing should surprise you. Mainly targeted countries so far are: 

• Germany
• Netherlands
• United Kingdom
• Sweden
• Norway

If you have any experience, we invite you to share it in our comments section. In most cases, we expect negative comments. Same as the ones we see in the Sure Trade Group review. However, you shouldn’t lose hope in recovering the funds since our refund experts can help you. Get in touch for more details.

Leverage, Commissions, Spreads, Fees and Taxes

Generally, trading fees are fixed for regular users at 0.2% regardless of whether you are a maker or taker. However, if you opt for the company’s VIP account, which we will cover later, you can get fees of 0.14%. To be fair, Bitoneu exchange with these fees can’t compete with any top-tier licensed firm.

Bonuses

Bonus funds with crypto exchanges are often a good thing. Primarily in the ICOs. However, with such shady activities with Bitoneu crypto exchange, you shouldn’t accept any. So far, there’s no indication they might offer them.

Bitoneu Trading Features

The problem with this platform is that traders don’t have trusted wallet access. Instead, they will be purchasing cryptos that will be presented on a spot trading platform. This way, the company gets hold of your real money while you will be trading with virtual.

Trading Platforms Available

Without a trusted Bitoneu app, we can’t truly trust the platform. Their web-based solution is everything but not trusted. 

We’ve seen many scam firms using similar platforms, and it never ends well, primarily because the profits presented to traders are completely fictive.

Available Trading Assets

Unfortunately, without a functional platform and constant system errors, it’s hard to see what assets they offer. But with all the flaws the company has, we hope you won’t even choose to register with them. If you do, you can expect popular options like: 

• Bitcoin
• Ethereum
• Litecoin, etc.

Account Types

We mentioned earlier so-called VIP accounts. These accounts include VIP support, fast withdrawals, and 5-10 VIP trading signals. 

But there’s a catch. The deposit requirement for this account is unknown. Therefore, if you have in your balance anything above 0.1 BTC, you need to activate VIP to be able to request a withdrawal. That’s exactly how they scam their victims and extort everything from them.

Mobile Trading App

Once you complete the Bitoneu login procedure, you will realize the mobile apps are not available. But that shouldn’t surprise you since they are here only for your money and not experience. 

To avoid similarly suspicious companies, we suggest you read our TrustKeyFx review as well.

Demo Account

To sum up, no. The Bitoneu exchange is not one of those companies interested in improving your experience. Their goal is just to extort money and disappear.

Education

As can be seen, this exchange provides zero educational material for customers to learn about cryptos. Not to mention advanced options like webinars and 1-on-1 advisory sessions. 

But if you think about it, it makes sense. They don’t want you to know what tricks they are using to scam you.

Bitoneu Withdrawal

Considering the company’s missing regulations and zero transparency, you can consider withdrawals as the mission impossible. 

Regardless of what they say, you can expect numerous excuses from the company’s side when you request a withdrawal, starting with verification problems, AML laws, and non-existent fees. Luckily, there are solutions to that as well.

Customer Support

Important to realize is that the company advertises support available 24/7. Thus, the only contact option is e-mail, and this way they can easily filter whom they respond to. Keep that in mind if you seek their assistance.

Key Information To Consider About Bitoneu

With numerous brands shut down, and absolute anonymity, problems with this firm are inevitable. Therefore, don’t waste time trying to find a solution with them. Instead, reach our refund experts who can advise you accordingly for all refund options.

Even if you were sending crypto, our team has access to the CipherTrace tool for crypto transfer tracking. Book your first free consultation right away and find out all steps to recover your money.

FAQ Section

What is Bitoneu?

Bitoneu scam company is a crypto exchange potentially operating from Malta since the T&Cs are governed by the Maltesian laws.

Is Bitoneu Exchange Legit?

No. Bitoneu is an absolute scam company. Firstly, they don’t have VASP licenses. Secondly, they run multiple copy-pasted brands like gevetex.com.

What is CipherTrace?

CipherTrace tool helps our experts track scam crypto transfers and guide victims through the fund’s recovery process. If you also need assistance, contact us.

The first sign not to trust this firm is its low legal transparency. They don’t reveal any founders or contact options. But at least they mention somewhere that the company might be based in Australia. This is most likely a fake detail but never mind.

Luckily, some details can always expose swindlers. If you read carefully, you will find all you need to know in this unbiased Profit Rex review.

Legal info: Is Profit Rex Legit or a Scam?

Usually, when tech companies develop some advanced tools they proudly present who created them. However, with Profit Rex, that’s not the case. Another problem is that the company doesn’t charge anything for the software. Fairly, if the tool is so advanced, it would cost a fortune. All this combined gives you a bigger picture.

But the last warning sign should be when you register. You will get automatically redirected to the so-called best broker in your area. If it’s an unregulated one, make sure to stay away from them.

Who are Profit Rex’s Victims?

Even though this company was registered in 2023, there are no publicly available Profit Rex reviews. At least not apart from the fake ones they present on their landing page. 

Luckily, the website analytics show us where these services are advertised the most. The countries at risk are: 

• Italy
• Poland
• France
• Sweden
• Spain

Services that traders can expect after signing up can be seen in our Erzinex scam broker review. Therefore, if you have experience with this affiliate campaign, share it with us in the comments below. Ultimately, our refund team can advise you if you experience trouble withdrawing your funds.

Leverage, Commissions, Spreads, Fees and Taxes

Generally speaking, all trading conditions depend on the broker you work with. But if the company is not licensed properly, it truly doesn’t matter what they offer. The only thing you should watch for is the leverage. If you get anything above 1:50, you should get worried.

Bonuses

If you decide to sign up for the Profit Rex bot, you will need to make the initial deposit. 

However, if you potentially continue thinking about it, you might get bonus offers from brokers. That’s purely to put pressure on clients to deposit earlier. But with scam brokers, it’s also a tactic to prevent traders from withdrawing money.

Profit Rex Trading Features

Profit Rex crypto trading bot offers automation features and real-time trading signals. It’s a solution available for web-based, proprietary platforms and mobile apps. Sadly, it’s not compatible with top-rated software options like cTrader or Meta Trader.

Trading Platforms Available

Whatever trading software the broker uses they will tell you the Profit Rex platform is integrated there. In most cases, such software doesn’t even exist. 

Simply, the company’s agents will modify what you see on their web-based platform and it will look automated. In reality, it’s all fake. That’s why it’s important to use trusted apps and for advice about the right ones, check in our TruthGPT review.

Available Trading Assets

Another disadvantage of this software is that it’s only available for crypto trading. Thus, after completing the Profit Rex login process, you will most likely have access to more tradeable assets, such as: 

• Forex
• CFDs
• Cryptos

Thus, this software, if it exists, is not compatible with those. So, be careful what brokers tell you.

Account Types

In general, to get started you just have to deposit the initial $250. That’s the promoted optimum for the software to work properly. But for other account type options, you’ll have to register and find out yourself. Yet, we wouldn’t recommend it.

Mobile Trading App

Apparently, this software is accessible on iOS and Android devices. However, if it were truly available for those devices, it would be available in the PlayStore and AppStore. But it’s not.

Demo Account

Demo account options are usually a part of the deal with trusted brokers. Swindlers often don’t offer it because it would expose all their trading costs and fake features. 

In any case, if the company is not licensed, a demo account is practically meaningless.

Education

When it comes to trading education, it’s always better to learn with top-tier licensed firms. However, if you register with Protif Rex, you might get misleading educational programs. So, you better stay away from it.

Profit Rex Withdrawal

According to the company, the Profit Rex withdrawal doesn’t include any fees. However, these details don’t depend on them since they don’t collect the money.

Instead, you have to watch out for the policy of the broker you work with. If they are hiding processing time, methods, and fees, you better close your account as fast as possible.

Customer Support

The only way to reach out to Profit Rex scam company is the e-mail. But in most cases, traders forget who they signed up with and they blame brokers. In any case, if you choose brokers with top-tier licenses you can forget about these irregularities.

Key Information To Consider About Profit Rex

Everything about this company is absolutely suspicious. Starting with addresses, contact options, pricing, and reviews. If you sign up with them and get scammed, don’t worry. You are not alone. Numerous traders fall for these traps.

On the positive side, our refund experts are there to advise you about the recovery process. Regardless of the payment methods used. If you have a negative experience after signing up with this company, get in touch for a free first consultation.

FAQ Section

What is Profit Rex?

Profit Rex is a company allegedly based in Australia that has been offering automated software solutions and trading signals for crypto investors.

Is Profit Rex Legit?

If Profit Rex was legitimate they would offer far more transparent services. If you get scammed by this company, reach our refund experts for refund assistance.

How to Avoid Being Scammed Online?

If you somehow sign up through these affiliate campaigns, just keep in mind you should only trade with brokers that have top-tier licenses like FCA, ASIC, or similar.