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Blue Stars FX Review 2024: Is Blue Stars FX 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 Blue Stars FX to light recently. We aim to provide a fair evaluation with verified facts and data from reliable and trustworthy sources through our thorough Blue Stars FX review.

Blue Stars FX Website – https://bluestarsfx.com/

Website Availability – Yes

Address shown – NA

Warned By – Australian Securities and Investments Commission (Australia)

Domain Age of Blue Stars FX

Domain Name: BLUESTARSFX.COMRegistry Domain ID: 2806515420_DOMAIN_COM-VRSNRegistrar WHOIS Server: whois.rrpproxy.netRegistrar URL: http://www.key-systems.netUpdated Date: 2023-08-17T12:02:25ZCreation Date: 2023-08-17T11:47:05ZRegistry Expiry Date: 2024-08-17T11:47:05Z

Key indicators that indicate whether Blue Stars FX is a scam

Blue Stars FX, accessible via bluestarsfx.com, lacks a disclosed address and has been cautioned by the Australian Securities and Investments Commission (ASIC). This suggests potential regulatory concerns or unauthorized financial services targeting Australian consumers. Without ASIC licensure or authorization, Blue Stars FX operations raise red flags about legitimacy and regulatory compliance.

Australian consumers are advised to exercise caution, as dealing with unlicensed entities carries inherent risks. ASIC’s warning underscores the importance of verifying the legitimacy of financial service providers before engaging with them. Users should prioritize safety and seek licensed alternatives to mitigate potential financial hazards.

Unfavorable fraud complaints and negative Blue Stars FX reviews

According to Blue Stars FX 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 Blue Stars FX 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 Blue Stars FX 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 Blue Stars FX. 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 Blue Stars FX 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 Blue Stars FX 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 Blue Stars FX review, are critical to ensure a safe and dependable trading experience.

Blue Stars FX Review: Blue Stars FX Scam Conclusion

As the Blue Stars FX Review indicates, there are solid indications that Blue Stars FX 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 Blue Stars FX scam? Get your lost money back!

Get a Free Consultation

If you are the one who got scammed by Blue Stars FX 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 Blue Stars FX review written above is influenced by the other Blue Stars FX reviews already on the web. We are not liable for any legal action from the Blue Stars FX company. In case of any query please mail us at info@reportscam.net.

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Octaprimaxtrade Review 2024: Is Octaprimaxtrade 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 Octaprimaxtrade to light recently. We aim to provide a fair evaluation with verified facts and data from reliable and trustworthy sources through our thorough Octaprimaxtrade review.

Octaprimaxtrade Website – https://octaprimaxtrade.com/

Website Availability – No

Address shown – Wayne Pennsylvania USA

Warned By – Australian Securities and Investments Commission (Australia)

Domain Age of Octaprimaxtrade

Domain Name: OCTAPRIMAXTRADE.COMRegistry Domain ID: 2855342878_DOMAIN_COM-VRSNRegistrar WHOIS Server: whois.yoursrs.comRegistrar URL: http://www.realtimeregister.comUpdated Date: 2024-02-14T21:39:16ZCreation Date: 2024-02-14T21:39:14ZRegistry Expiry Date: 2025-02-14T21:39:14Z

Key indicators that indicate whether Octaprimaxtrade is a scam

Octaprimaxtrade, represented by octaprimaxtrade.com, lacks online availability, indicating potential issues. With an address in Wayne, Pennsylvania, USA, and a warning from the Australian Securities and Investments Commission (ASIC), caution is advised. The absence of website access and ASIC’s warning suggest regulatory concerns or unauthorized financial services targeting Australian consumers. Users should exercise vigilance and refrain from engaging with Octaprimaxtrade until its legitimacy can be verified.

The lack of online presence and ASIC’s warning underscore the risks associated with this entity, urging users to conduct thorough research before any involvement to safeguard against potential financial risks.

Unfavorable fraud complaints and negative Octaprimaxtrade reviews

According to Octaprimaxtrade 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 Octaprimaxtrade 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 Octaprimaxtrade 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 Octaprimaxtrade. 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 Octaprimaxtrade 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 Octaprimaxtrade 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 Octaprimaxtrade review, are critical to ensure a safe and dependable trading experience.

Octaprimaxtrade Review: Octaprimaxtrade Scam Conclusion

As the Octaprimaxtrade Review indicates, there are solid indications that Octaprimaxtrade 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 Octaprimaxtrade scam? Get your lost money back!

Get a Free Consultation

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

Scrolling through the Adar Capital website, one can already conclude that the broker is a fraud. There is no license, and their legal documents are childish and provide mismatching information.

Read our comprehensive Adar Capital review. It will show you why we believe that your funds are not safe with this cyber-fraud.

Additionally, we strongly advise you to avoid the fraudulent brokers Crypto Portfolio, PrimespotWay, and Crypto1Capital.

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Adar Capital Has a Legal Forex License?

Adar Capital is a Sonorous Group LLC brand registered in March 2022 in Saint Vincent and the Grenadines. This is an instant red flag since SVG doesn’t have a regulator overseeing Forex and CFD trading brokers.

Rarely do brokers comply with the FSA directive and obtain regulation in the country of service. Most of them ignore the rules and hide under the authority’s radar. 

Just in case, we’ve searched for Adar Capital and its owner in the registers of the FCA, ASIC, BaFin, CNMV, etc. Instead of a license, we found a warning stating that Adar Capital imposes itself as an FCA-regulated firm.

Reasons Not to Trust an Unlicensed Broker

Unlike real FCA-licensed brokers that must keep clients’ funds in segregated accounts and participate in the FSCS compensation fund with 85,000 GBP per customer, unlicensed brokers have no obligations. Furthermore, the FCA demands brokerage companies maintain a minimum capital of 730,000 GBP, so they cannot easily declare bankruptcy.

You have no guarantees with offshore scammers. They can vanish anytime, and recovering your funds is not an easy task.

Is Adar Capital a Trustable Broker?

Adar Capital is an offshore-based Forex and CFD brokerage. The UK regulator has blacklisted the company for falsely presenting as a part of an FCA-regulated trading firm.

Fraud Warning From the Financial Conduct Authority (FCA) in the UK

The UK FCA issued an official warning after learning that Adar Capital presents itself as a legitimate firm. The brokerage uses the details of a legit company, Sky Blue Management Ltd.

After numerous complaints, the FCA decided to put an end to fraud. They also warned customers that they would not be entitled to assistance from the financial ombudsman or the FSCS compensation fund.

What Do Traders Think Of Adar Capital?

Similar to regulators, traders only have complaints about Adar Capital. According to reviews, this scam firm is pressuring clients into investing, falsely presenting itself as a legit business.

Once clients invest their funds and request a withdrawal, Adar Capital employees freeze their trading accounts. They steal as much as possible and disappear, knowing they can hide offshore. This is a common tactic for financial swindlers.

What Platform Does Adar Capital Provide?

Adar Capital offers WebTrader. Allegedly, it includes comprehensive charting tools, four different forms of transaction execution, and an automated trading system.

Since creating an account is impossible without making an initial deposit, we cannot access the platform. Yet, we have to warn you about the dangers of web-based software. Since all the data is stored on the cloud, brokers can access your trades and simulate trading outcomes – making it look like you won or lost significant amounts of money.

Is The Platform Available On Mobile Devices?

The platform is only available via a web browser. There are no mobile apps available for Android or iOS.

If you’re looking for a more advanced platform with a wide array of features, you can find a brokerage offering MT4 or MT5. Both versions come with mobile apps, desktop apps, and WebTrader.

Adar Capital Accounts Overview

Adar Capital has 3 accounts on offer.

1. Standard – 250 EUR, leverage 1:100, spread 0.13 pips
2. Premium – 2,500 EUR, leverage 1:300, spread 0.12 pips
3. Platinum – 25,000 EUR, leverage 1:500, spread 0.0 pips

Allegedly, none of the accounts have additional commissions.

Adar Capital – Countries Of Service

Adar Capital broker mainly operates in:

• Spain
• US
• Germany
• Switzerland

Also, avoid the trading frauds Investery Group, Onotex, and Capartners LTD at all costs! Moreover, before investing, always look into the past of internet trading firms!

Adar Capital Range of Trading Markets

Adar Capital offers customers access to four markets.

1. Currency pairs – EUR/USD, AUD/CAD, GBP/SEK
2. Commodities – gold, natural gas, coffee
3. Shares – Alphabet Inc., Amazon, Coca-Cola
4. Indices – S&P500, NASDAQ, FTSE100

Cryptocurrencies are not available.

What Is Known About Adar Capital’s Trading Conditions?

Offshore brokers often offer allegedly appealing trading conditions. They give access to high leverage and low spreads, luring customers into a scam. Once you sign up, leverage will ensure you lose funds quickly. The broker may not charge a high spread, but all other commissions will be high.

Leverage and Spreads

The leverage cap in the EEA zone and the UK is 1:30. US and Canadian regulators have set a limit of 1:50. Opposing all laws, Adar Capital offers up to 1:500.

The spread is advertised as relatively low, ranging from 0.13-0.0 pips.

Adar Capital Minimum Deposit and Withdrawal Terms

Adar Capital requires a minimum deposit of 250 EUR. This is typical for fraudulent companies. On the other hand, legitimate firms have Micro accounts starting at as low as $10.

As per withdrawal fees, we have the following clause “Withdrawals are subjected to withdrawals processing and handling fees. These fees will be deducted from the transferred withdrawn amount. The fee regulation is available on Adar.capital.” Yet fees are nowhere specified.

Methods of Making a Deposit

The company enables deposits via:

• Debit/credit card
• Wire transfer

The same method is available for withdrawals, with restrictions if an account has received a bonus.

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

If you fall victim to an Adar Capital scam, you should know that you’re not alone. We’re here to help you with the refund.

Contact our staff via online chat to book a free consultation with our chargeback specialists. We’ll evaluate your case and find the best way to help.

But What Is A Chargeback?

This is a way for your bank to recover funds directly from the merchant. Our consultants will explain everything to you upon case evaluation. Don’t waste more time. Let’s act now!

What Is Adar Capital?

Adar Capital is an offshore financial trading brokerage with no regulations.

Is Adar Capital a Scam Broker?

Adar Capital is a scam broker banned in the UK for impersonating another company.

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

The broker is available in both countries without a license.

Does Adar Capital Offer a Demo Account?

Adar Capital doesn’t offer a Demo account, only 3 Live types.

Boiler room operations are an ever concerning phenomenon. Fraudulent brokerage firms partner up with them to promote their unscrupulous services easier. As unsuspecting individuals fall prey to the promises of quick gains, they lose thousands of dollars worth investments. Read this Finkea.com review in order to avoid such pitfalls. 

Nothing Legal About Them

The Finkea.com broker is so anonymous and secretive about their corporate information that you won’t be able to find a single piece of data about their business. There’s no phone numbers, physical address or any jurisdictional court mentioned in charge of the legal matters and solving disputes.

As it also appears, the conduct is not overseen by any Tier 1 authority or any other entity, including FCA, BaFin, NFA, ASIC, CySEC and others.

That right there is proof enough that this malicious campaign only aims to steal clients’ deposits. Considering that DeCapitals operates in the same manner, please also stay away from this fraudulent website.

Who is Victimized

With the domain creation date being November 2022, it’s hard to believe this company’s words about being in the business for over a decade. What is quite obvious, however, is the con’s preference to pester EEA investors for cash and these countries are especially affected:

• Netherlands
• Belgium
• Germany
• Sweden

Through the works of notorious boiler room agents, these miscreants are prepared to ruthlessly call their targets for days. Some victims report about being constantly contacted for over a year. 

This strategy is employed in order to lead targets to think that they won’t be having another shot at fortune and riches unless they immediately invest in this scheme. Of course, all particularities of the offer are a complete lie.

Traders Say “People Deceivers”

Nothing reveals the true state of matters and how a company conducts business better than user feedback. The amount of outraged customers grows by the day. 

As Finkea.com reviews on Trustpilot show, customers are terrorized by constant cold-calling and inability to take back their investments. Other popular review sites feature no ratings for this firm which speaks about their popularity.

Trading Terms Only Half Revealed

Different parts of the site provide entirely opposite info about the Finkea.com trading conditions. In account types, leverage given ranges from 1:10 to 1:50, while legal docs say it’s 1:400. Lastly, the Forex instruments page claims that currencies are traded under leverage of 1:500. Other fake brokerage platforms like EliomFX are also known to come up with these malicious strategies.

The situation is the same with spreads and commissions. To impress future clients, these cons claim that starting spreads are 0.0 pips and no commission is charged. That is not possible in any scenario. 

Hidden Bonus Conditions

Only after creating a new Finkea.com login and depositing first money to their account, the victims of the sham will be introduced bonus incentives. It isn’t clarified how much these bonus sums amount to. 

In order to withdraw them, traders have 60 days to reach the trading volume requirement. The number of lots you need to trade is: bonus amount divided by 4.

Deposits Required to Access Tools

A quite obvious reason why anonymous platforms shouldn’t be trusted is the fact that they always try to extort money one way or another. These fraudsters demand deposits to be made before they allow access to any features. That should tell you enough about their real goals.

WebTrader of Questionable Existence

The entrance to the trading room is denied so you’re forced to contact the support center. Alleged account managers that work there are nothing but scam operators that want to pressure you into depositing, in order to allow you to use the advertised web trader. 

There are also download options for the alleged proprietary Finkea.com app, but we don’t recommend you download any suspicious file and end up infecting your machine with malware.

Affinity for Crypto Assets

Finkea.com crypto trading takes a central part of the unscrupulous scheme. Here’s a list of other tradable products groups included:

• Currency Pairs – EUR/USD, EUR/GBP, USD/CHF
• Crypto Currencies – BTC, ETH, XRP, SOL
• Indices – NASDAQ, DOW, CAC
• Metals – Gold, Silver
• Energies – Oil, Coal, Natural Gas
• Futures – Commodities and stock futures
• Shares – Tesla, Meta, Disney

Packages With Unrealistic Options

Trading signals, around the clock connection to support, free learning materials and an abundance of other fictitious tools are featured with each account type. Of course, some accounts include even more attractive features to justify the insane pricing:

• Beginner – € 5.000
• Trader – € 10.000
• Expert – € 25.000
• VIP – € 50.000
• Exclusive – € 100.000

Payment Processing

Scammers sure have a way with words. This charlatan assures their clients that all Finkea.com withdrawal requests are processed and completed the same day. As a special advantage of investing here, fast crypto to crypto transactions are mentioned. 

This is nothing to boast about, as almost every swindler only enables crypto transactions to remain anonymous and effectively prevent victims from tracing them. Such a strategy allows cyber criminality to flourish and avoid legal repercussions. Without proper legal support, you won’t be able to get your stolen investment back.

No Form of User Support

Clients that are struggling with denied payouts or other difficulties (and there’s plenty with scam portals) can’t count on adequate customer service. The only two ways to contact this platform are:

• Online form
• Email

Neither of these guarantees fast and comprehensive answers. As a matter of fact, nothing guarantees you’ll get an answer at all.

Get Help With Fund Recovery

As proven by the information provided through our investigation, this online trading firm is nothing but another unscrupulous attempt to rob retail traders. 

If you too have been trying to withdraw your stuck investment but to no avail, you should immediately get the legal support you need. Our chargeback assistants can guide you through the process and help you restore control over your capital.

FAQ Section

What is Finkea.com?

Finkea.com is a website meant to lead inexperienced Forex traders into a financial trap.

Is Finkea.com Legit?

Surely not because they lack any evidence of being registered and regulated by a prominent authority.

How to Get Money Back From a Scam Broker?

To succeed in claiming your lost funds, you should have efficient legal support. Our chargeback specialists are always at your disposal so book a free consultation today.

Choosing a trustworthy crypto provider has become increasingly difficult as of late, considering the number of fraudulent platforms that operate through boiler rooms or financial pyramids.

In order to stay safe and profit on volatile crypto markets, you should learn to recognize what companies are not trustworthy. One such crypto portal is exposed in our Kuisk review, so read on.

Compliance and Safety Risks

Although the Kuisk exchange claims to provide maximum safety of funds, mitages all risks and safeguards clients’ assets, no solid proof exists to confirm such claims. The website is owned by notorious cyber thieves related to other known scammers and running multiple illicit schemes. 

Those are CRYPTO ARBY TRADE LIMITED, blacklisted by the Russian regulatory authority – CBR. Besides being known for unscrupulous campaigns, it was never revealed where this company operates from. There is indeed a company with the same name that used to be in the UK Companies House database. However, that business was dissolved in December 2022. 

Speaking of which, you should also watch out for Digibits FX, which is also known to engage in similar fraudulent tactics while promising their victims the best trading conditions imaginable.

Con Strategy Explained

The main company website, kuisk.com, was constructed in January 2024. The domain in question is listed as available for purchase, meaning that the con artists never intended to keep it after the original 1-year lease period.

This is quite common for financial frauds, and is one of the main reasons why you should consider taking legal action as soon as possible. Should you decide to do so, our experts are at your disposal.

The fraud uses a so-called boiler room, or better known as a scam call center. Their agents mostly target people from these areas:

• Germany
• United States
• Switzerland
• Denmark

These swindlers rely on a predetermined script to pitch their idea to the marks, usually by phone. Any invested funds simply end up lining their pockets.

Users Are Disgruntled

Considering the company age, you wouldn’t exactly expect a lot of customer feedback. The number of Kuisk reviews is rather slim, and could be considered an insignificant sample for statistical purposes.

However, it’s difficult to ignore the fact that all the ratings you find on TrustPilot and other similar sites are negative. The clients all complain about being defrauded, and cite some well known con strategies.

Insufficient Info on Fees

The tiered fee structure promoted by the Kuisk crypto scam is based on getting discounts from increased monthly trading volume. While your starting fees are set to 0.30%, if you climb high enough and have over 2 millions of monthly trades, you will unlock Maker / Taker fees of -0.05% / 0.05%, with cashback of up to 116%.

Both deposits and withdrawals are also charged. Every order you place costs 1% while deposit is charged depending on the crypto coin you invest. For example, funding your trading account with Bitcoins costs 

0.000016 BTC. None of the withdrawal fees is disclosed.

Referral Fraud

Another way to entrap existing customers and drag new victims into the scheme is through the affiliate campaign. 

This is also a tiered structure that deludes users to invite more people in order to gain passive income. According to the website you can get up to 60% commission paid by your affiliates. 

Deceptively Rich in Features

The company sure tries hard to leave an impression of having a diverse range of tools and options. There’s futures, spot and options trading platform, proprietary wallet, instant swap, as well as the Kuisk P2P trading. 

Unfortunately, despite the seemingly rich offer of activities, the portal lacks a license and therefore cannot be considered a genuine service provider.

Minimalist Software

Now, there’s nothing particularly outstanding to mention about the Kuisk app that we haven’t already seen. The simplified user interface may help novices navigate the markets easier and keep an eye on price changes. However, any advanced functions and progressive analytical features are amiss.

Taking into consideration that the platform is run by fraudulent and anonymous cyber criminals, we advise you to stay away from it.

Limited Availability

The site offers a solid number of crypto coins you can swap, and use for trading options, futures and spot trading. However, only spot trading is available to newly registered users. Others have to pass a level 3 verification we will soon discuss. 

For now, we will mention some of the more popular crypto assets available: BTC, ETH, BCH, ETC, XRP, LTC, ADA, DASH, DOGE, BOT, BNB, EOS, SHIB, LINK and ZEC.

Account Verification Levels

Registering for a Kuisk login only gets you so far. While you can spot trade and swap currencies, you will have to confirm your identity before being allowed to engage in trading options and futures. 

That means providing pieces of personal information, such as ID number, passport, drivers license. This is a risky procedure, considering that con artists are known for identity theft. 

After account confirmation you are also able to try Kuisk staking, which requires you to deposit an amount of crypto coins and wait between 14 and 90 days to gain between 0.1% and 0.3% per day.

Quick Payouts Trap

Withdrawing funds from your Kuisk wallet is allegedly completed between 5 and 30 minutes with maximum security and safety precautions. 

That is quite hard to believe, having in mind the true intentions and the fraudulent nature of this business. For your own safety and peace of mind, please only choose well regulated platforms to invest with. 

Forever Busy Support Agents

The only way to establish communication with the support office is through the barely active online chat. The feature is only available to the website registrants, not visitors. 

However, once you send a message, you will have to wait at least 30 minutes for a reply. Then you have to explain your issue again for the support agents to ignore it once more. 

Lost Money On a Scam? Get it Back!

There are no merits in dealing with companies that are unregulated, or licensed only in an offshore nation as is the case with 77markets. Any alleged trading benefits are there only to make you invest more money, simply for it to be stolen again and again.

You may use the live chat option on our website to book a free consultation with our recovery experts. With their help, you can fight back to recover your stolen investment!

FAQ Section

What is Kuisk?

It is an unregulated cryptocurrency exchange scam, operated by a well-known scam entity.

Is Kuisk Legit?

No, this exchange is operating with no license or supervision from any relevant authority.

What is CipherTrace?

It is a software tool that helps to track crypto transactions. Contact our experts to learn how it can help us get your stolen crypto back.

One of the leading signs of an Atlas Trading scam is a lack of legal details, such as addresses, founders, legal entity names, etc. However, this firm claims to have been in the business since 2005. If that’s true, they could hear from somebody that the approach doesn’t work.

Anyway, these are just a few of the numerous irregularities you can see. We’ll reveal them all in this unbiased Atlas Trading review.  

Legal info: Is Atlas Trading Legit or A Scam?

One of the most important things in trading is licenses, primarily because they ensure transparency from the broker and protection for traders. However, not all licenses bring equal security to clients. That’s why traders should opt for tier-1 regulated brokers, such as ones who have FCA, BaFin, ASIC, or similar.

Unfortunately, this broker doesn’t have any. Especially not the most trusted ones. Consequently, all their statements about potential security fall down the drain.

Who are Atlas Trading’s Victims?

We mentioned that the broker claims they have been operating since 2005. Thus, the company’s domain age shows us a different story. Additionally, we would see many more Atlas Trading reviews if they had been around for so long. But that’s not the case, there’s only one comment on Trustpilot.

To understand better who the victims of this broker are, we are checking their website traffic. That can easily show you where the company is mainly advertised. Those countries are: 

• Croatia
• Slovenia
• Bosnia & Herzegovina
• Italy

If you become a victim of this broker, keep in mind our refund experts are available for consultation. Get your first free meeting right away and recover the money lost in this scam.

Leverage, Commissions, Spreads, Fees and Taxes

Another reason not to trust Atlas Trading broker is their trading conditions. Or, to be precise, the lack of transparency. Fees, commissions, and spreads remain unknown until you start trading with them. 

Yet, it’s too late to back out once you realize how much it will cost you. Especially since the company offers leverage of up to 1:300, your balance can be wiped off in the blink of an eye. Believe it or not, they can make it so. 

To avoid similar brokers, we also invite you to read our Pegsec and Wise Income reviews.

Bonuses

Another trap Atlas Trading Forex firm could be using is welcome bonuses. Even though they don’t reveal any potential offers, don’t be surprised if you get some. After all, they are hiding legal documents for a reason.

Atlas Trading Trading Features

The only feature worth mentioning with this company is social trading. However, the problem with that is a lack of credibility of those. With unregulated brokers, it’s all potentially fake. Especially since they claim to have an award-winning platform, while web traders are hardly that good.

Trading Platforms Available

After you register for an Atlas Trading account, you will realize they don’t offer any trusted software. Firstly, it’s not widely used third-party software, such as cTrader or Meta Trader. Secondly, the platform doesn’t have a downloadable app. 

So, the only thing left is a proprietary web-based platform with zero trust score primarily because those platforms are easily manipulated.

Available Trading Assets

Another detail that can decide if you will choose some broker is their offer of instruments. If it’s good and you have many options, it’s usually a sign to stay with them. But only if they are regulated properly. 

Anyway, if you stay with this broker, you can trade: 

• Forex – USD/EUR, AUD/SGD
• Commodities – gold, platinum
• Shares – Alibaba, Amazon      
• Indices – CAC40, FTSE100
• Cryptos – ETH, LTC

Account Types

When it comes to account types, it looks like you need at least $5.000 to get started. However, these swindlers will often accept anything above $250. Their primary goal is to get traders on board. 

After that, they will offer a wide range of fictive features to make traders deposit more. Such as discounts on fees, webinars, risk-free trades, assistants, etc. Thus, for these features, you’ll have to pay: 

• Bronze – $5.000
• Silver – $15.000
• Gold – $50.000
• Platinum – $100.000
• Diamond – $250.000
• Premium – $500.000
• VIP – $1M+

Mobile Trading App

In general, with the missing Atlas Trading app for iOS and Android devices, there’s no sense to trust this broker. After all, in allegedly 19 years of existence, they could make it 10 times already. But yes, they are trading only for a couple of months, at least with this trading name.

Demo Account

Unfortunately, completing the Atlas Trading login procedure won’t give you access to a demo account. Therefore, testing fees, commissions, and spreads are not an option.

Education

Apparently, traders have included educational material through all account types. Offer includes materials such as VODs, e-books, and even webinars. But without a license, can you truly trust it? Definitely not.

Atlas Trading Withdrawal

The key point with this firm is the Atlas Trading withdrawal procedure. The whole trading part is meaningless if traders can’t withdraw their money. 

Yet, when a company hides withdrawal policy, methods, and fees, it’s clear what traders can expect. But even if they have it transparent, keep in mind they are not a regulated company. Consequently, they don’t have to comply with those details.

Customer Support

More disappointment traders can go through if they try reaching out to this brokerage. With the absence of some more legitimate contact options, traders can’t expect a quick response from the company especially if they are looking for withdrawal assistance. In any case, the only contact option with this firm is a web contact form.

Key Information To Consider About Atlas Trading

Every bit of detail with this broker is suspicious. Starting with the founding date, platform, conditions, and, most importantly, withdrawals. Therefore, we suggest you withdraw your money on time.

In case of any trouble, keep in mind you can book a consultation with our experts at any time. Once you find out what your refund options are, you will know exactly what the next necessary step is. Even if you were sending cryptos, we’ve got you covered with CipherTrace. Therefore, don’t waste time, and contact us today!

FAQ Section

What is Atlas Trading?

Atlas Trading is a trading firm that presents itself as a 19-year-old business that offers FX and CFD trading services, yet without regulations.

Is Atlas Trading Legit?

Absolutely not. All details coming from this broker are misleading and without trusted licenses, nothing can be trusted with them.

How to Get Money Back From a Scam Broker?

Since withdrawals are highly questionable, at first sight of a withdrawal issue contact our refund experts for alternative options of getting your funds back.

Forex Trading Germany: A Profitable But Risky Practice

Due to the opportunity for large benefits, forex trading Germany became one of the most popular investment options. Understanding that there are risks involved in forex trading is important. Aspiring traders must take caution since, with the possibility of large profits, there is always the risk of falling victim to Forex scams. Here’s a step-by-step guide to starting Forex trading in Germany that will help you stay safe from fraud, manage regulations, and understand the complexities of taxes.

Understanding Regulatory Oversight

The Federal Financial Supervisory Authority (BaFin) is the leading regulatory body in Germany for Forex trading. Forex brokers are required by BaFin to comply with strict guidelines for risk management, financial stability, transparency, and other areas to lawfully operate in Germany. The purpose of these rules is to protect traders’ interests and uphold the reliability of the financial markets.

Rules and Regulations

BaFin sets strict requirements for acquiring a license to conduct trade in Germany as a Forex broker. This includes specifications for authorized capital, personnel qualifications, risk control procedures, operational transparency, and safe deposit facilities. Compliance with these standards not only protects the authenticity of Forex brokers but also builds trust among traders over the security of their capital.

Investor Protection Measures

Germany has strong investor protection laws in addition to regulatory control to reduce the risks involved in Forex trading. Germany abides by EU-wide laws as a member of MiFID II, which are designed to standardize norms across Forex brokers doing business in the EU. Moreover, the EdW Trader Insurance Compensation Fund in Germany provides traders with a means of justice if a broker becomes insolvent. This initiative offers an extra degree of protection and peace of mind by compensating businesses up to €20,000.

Taxation Considerations

In Germany, the tax rate that applies to profits earned from Forex trading is based on the trader’s yearly income. Earnings up to EUR 25,000 are subject to a 15% tax rate; earnings beyond this amount are subject to a 25% tax rate. Traders need to comprehend their tax responsibilities and investigate any advantages and deductions that may be offered to them. Consulting with a tax specialist may be very helpful in minimizing tax obligations and ensuring adherence to legal requirements.

How to Avoid Forex Scams?

Forex traders may be drawn to the market by the possibility of financial gain, but it’s important to be on alert for potential fraud and scams. Ponzi schemes, unregulated brokers offering huge profits, and phony brokerage companies are just a few of the fraudulent strategies that are included in forex scams. To protect themselves against Forex frauds, prospective traders must:

• Conduct thorough research: Investigate a Forex broker thoroughly to ensure that they are reputable and comply with regulations before doing business with them. Verify if they are registered with BaFin and carefully read through comments and reviews left by other dealers online.
• Exercise caution with unrealistically high returns: Brokers that offer very large profits with little risk should be avoided. Choose trustworthy brokers that have a track record of reliability and transparency.
• Prioritize security of funds: To ensure that trader funds are kept separate from the broker’s operating capital, look for Forex brokers that provide separate accounts. Additionally, to protect against online risks and illegal access, choose brokers who use strong security procedures.

Conclusion

For those looking to profit from financial fluctuations and worldwide market patterns, forex trading Germany offers a potentially profitable opportunity. However, there are risks associated with investing, such as regulatory complexity and Forex scams, even with the possibility of reward. Aspiring traders may start trading Forex with confidence and reduce the chance of becoming a victim of fraudulent schemes by following regulatory rules, putting conservative risk management measures, and choosing brokers carefully.

Victimized by the Forex scam?

Reporting the scam to the Report Scam Community is the simplest way to get your money back if you were the victim of a forex scam.

As a committed team of recovery specialists, we have helped many scam victims get their money back. Anyone can register for a free consultation with Report Scam by filling out a quick complaint form.

Forexland is a Forex brokerage firm purporting to operate from the Marshall Islands, which is an offshore jurisdiction. The website offers the renowned MetaTrader 4 (MT4) platform for trading currency pairs and precious metals.

Although the broker hopes to draw users with promises of high leverage, tight spreads, and low fees, the business has several issues. Read our Forexland review to learn whether this firm is trustworthy or a lurking cyber scam like AEFOREX.

Legal Info: Is Forexland Regulated?

Based on the information available on the website, the Forexland broker is based in the Marshall Islands. However, there is no evidence to support that claim. Older sources suggest the firm operated in other offshore domains as well.

What we can say for sure is that this business is not regulated. Forexland is not authorized to provide services under top-notch financial jurisdictions, meaning the website operates illicitly. Funds you place on this platform can easily disappear overnight. 

We thus recommend you stick to regulated firms operating under the supervision of reputable financial market authorities such as the FCA (UK), ESMA (Europe), CFTC (US), ASIC (Australia), IIROC (Canada), MAS (Singapore), etc.

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

Who Are Forexland’s Targets?

According to WHOIS, the forexland-fx.com website domain was created on October 20, 2021. Since then, the firm has been accepting traders from the following jurisdictions: 

• United States;
• Canada;
• Japan;
• Cyprus.

All four countries have heavy regulatory laws in force for their markets. Their respective financial watchdogs meticulously monitor all participants and transactions to prevent digital hoodwinkers from defrauding traders and investors.

The anonymous Forexland FX platform, like X-F24, is not eligible to operate under these regulators. The shady broker violates regulatory rules by offering leverage much higher than allowed. 

Trader Reviews – Sharing Experiences

We found several negative Forexland reviews on scamadviser.com. Traders expressed their frustration in the comments. They said the broker defrauded them and prevented them from withdrawing any funds. 

“It is just so devastating because they keep on coming up with excuses when you want to withdraw. You won’t be able to come to a conclusion if you have been scammed or not,” a ScamAdviser user stressed, which aligns with our assessment of the platform.

User feedback is crucial for distinguishing the right providers from the malicious ones. Before investing, you should always read what traders and investors think about a specific company or platform. 

Which Trading Platform Is Available?

The Forexland MT4 platform is available for Windows, MAC, and browsers. Users can also download the Forexland app and use the Android or iOS versions of the platform. Generally, MT4 is a cutting-edge software that equips traders with advanced tools such as automated trading bots, multiple timeframes, superb charting, etc.

The website also promotes Forexland copy trading, allowing users to tailor their strategies based on the industry’s best-performing traders and algorithms.

However, even the best software cannot compensate for the lack of a regulatory license. The broker’s unreliable nature casts doubt on the MT platform’s legitimacy. Therefore, opt for licensed providers offering reliable third-party software like the aforementioned MetaTrader 4, MetaTrader 5, or cTrader.

Forexland account

Trading Info – Leverage, Spreads, Commissions

The maximum leverage traders can use scales up to 1:500, which is significantly higher than the legal limit in force in Europe and Australia (1:30) or North America (1:50). High leverage can help reap enormous profits, but it’s extremely risky. The bulk of your funds are at risk if the market suddenly moves against you.

As for the spreads, the broker listed decent and competitive numbers for the benchmark EUR/USD pair, starting from 0.8 pips. Trading metals incurs a $6 commission, presumably per lot.

The trading conditions seem favorable, but this could be a ruse to lure traders. Also, remember the provider’s problematic background and the complaints against the platform.

Can Traders Use a Free Demo Account?

No, which is a red flag. The Forexland login page does not offer a demo account option anywhere. You cannot access the platform and practice with virtual funds without it, meaning you must invest real money right off the bat.

If you are a beginner, that would be a terrible move. As most brokers nowadays offer risk-free trading, we recommend you consider other legitimate options.

Deposit and Withdrawal Process

The website listed two payment methods that can be used to make a deposit and withdraw profits free of charge:

• Wire transfers;
• Crypto.

Judging by the reviews, it’s unlikely that you will be allowed to withdraw your money from this platform. In that case, you can only explore refund options.

Reversing wire transfers is possible via a recall. You can request it at your bank, but keep in mind that wires are only reversible if the money has not yet been transferred, i.e., if the transaction is not complete.

Recovering stolen crypto is more challenging. It requires utilizing advanced software such as CipherTrace and professional assistance. Luckily for you, our team can help you out.

Key Facts To Consider About Forexland

Basically, Forexland is an anonymous website posing as a legitimate Forex brokerage firm. This scheme is primarily targeting American, Canadian, Japanese, and Cypriot traders. Users who trusted this firm ended up getting scammed. 

We do not recommend trading on this platform due to its unregulated status. If you have lost money to Forexland, you must seek our professional help to recover your funds! A chargeback is your best option.

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

Book your free consultation here and start the chargeback process.

FAQ Section

What is Forexland?

Forexland claims to be an offshore brokerage firm operating in the Marshall Islands and providing trading services.

Is Forexland Legit?

No, this platform is not licensed to offer services. Your hard-earned funds are at risk.

How to Get Money Back From My Forexland Account?

If you encounter Forexland withdrawal issues, contact our team. We can help you get your money back quickly.

For a company that claims to have achieved a record breaking success, they sure change their websites often. The corporate information about this entity is all over the place, and finding any concrete data is almost out of the question.

As expected, everything you see on the site is intended to prolong the illusion of trading. Our MWM Group review will show you just how rotten this whole organization is, and how you may recover the money from this scam.

Multiple Domains at Work

For fraudulent companies like the MWM Group scam, establishing several domains means increased chances of entrapment of unsuspecting victims while avoiding legal repercussions at the same time. With several of them already being shut down or expiring, it’s evident that this fraudulent campaign isn’t going to last long. 

The company behind this dangerous scheme is completely anonymous and not registered or regulated anywhere. While there’s no corporate info disclosed, legal documents suggest Bulgarian courts to have jurisdiction over legal company matters. However, FSC, the financial regulator in that country, hasn’t issued this firm a brokerage license.

In order to avoid falling victim to this unscrupulous broker dealer, please consider signing up with a properly regulated entity, like FairMarkets, for instance.

How the Scam Functions

So far, we’ve managed to count 4 separate websites, with mwm-group.co being the oldest one. While the firm claims to be 20 years on the stock market, the scam dates back to December 2023.

The fraudsters are most interested in these regions:

• United States
• Netherlands
• Sweden
• Poland
• United Kingdom

The company boiler room agents work tirelessly in a fraudulent call center in an attempt to attract their victims. They also use social network portals like YouTube and Medium to influence a larger number of people.

The fraudsters use a predetermined script to manipulate their marks, and urge them to install AnyDesk and TeamViewer remote access software. Abusing these programs lets the con artists clean out their victims’ bank accounts in one swoop. Recovering the money is rather difficult, but possible with the help of our professionals.

Reviews Are Fakes

With all the different websites, MWM Group reviews are expectedly scattered all over the place. A large number of them can be seen on TrustPilot and SiteJabber, though.

Taking the time to read the comments, we’ve noticed that they are all repetitive, and that they do not reflect the actual conditions presented by the broker. This tells us that the ratings were paid content, posted by review seller networks in order to deceive the public.

Why are Real Costs Never Shown

As fraudulent entities like SeguroFX have a tendency to do, this charlatan also tends to hide actual costs. With the lack of transparency when it comes to fees and commissions also comes doubt that this broker is hiding something terrifying. That is sudden taxes and charges that usually come with withdrawals, so beware of firms that are not honest about how much they charge for their services. 

The only trading parameter known is the leverage, which starts at 1:100 with the tendency to be increased up to 1:300. All other MWM Group trading costs remain a secret.

Fictitious Trading Amenities

These con artists don’t exactly benefit from actual market exposure. The only thing they need is to make you believe you’re trading something on their platform. If you consider these two facts, then their amenities are well up to the task. If you actually compare this con scheme to how an actual brokerage works, the trading features are abysmally bad.

Invisible Web Platform

The ghost trading software the company only vaguely mentions requires you to first open an account to access it. However, once you get to the trading area, you won’t find anything but a simple web form. 

Here, you get prompted to update your personal info and share your bank account details and credit card data. There’s no trace of the software, so our advice is to stay away from this fraudulent portal.

What Assets are Described?

The website attempts to appear professional by introducing CFD and Forex trading markets to site visitors. However, this shady Forex dealer never lists a single trading instrument class. 

There’s no information on what tradable assets are available. In addition, since there’s no platform to begin with, we believe that no trading ever takes place here.

Ludicrous Funding Requirements

MWM Group broker only offers tiered live trading accounts, like many other charlatans. The company agents incorporate them into their ruse, promising greater returns for higher investments.

The more expensive ones require an insane amount of cash to fund:

• Bronze – $5,000
• Silver – $15,000
• Gold – $50,000
• Platinum – $100,000
• Diamond – $250,000
• Premium – $500,000
• VIP – $1,000,000

Payments Require Account Managers

Notorious professional advisors and account managers are needed if you want to make a deposit or even a MWM Group withdrawal request. To force you to contact them, the miscreants have not disclosed any information about transactions. 

Even if you do everything according to their rules, legal docs warn you that you can have your account closed without any prior notice by the company at any time. Is there a better reason not to invest here?! 

Customer Support Not Included

The only contact you, as a client, have with the company is through the boiler room agent that first called you. They are known to often change phone numbers, and your only link to the firm hangs by a thread.

Once they determine they can’t squeeze any more from you, they simply cut you off. There is no help desk, nor any customer service option of any kind.

What Can You Do If You’ve Become a Scam Victim?

Taking everything we’ve seen into consideration, we can firmly conclude that this self-proclaimed company is an online scam in disguise. There are no redeeming qualities when it comes to this firm – it’s rotten to the core.

If your funds are trapped on a closed MWM Group website, feel free to book a consultation with our expert team. You may reach us at any time via the live chat, and have proven recovery strategies.

FAQ Section

What is MWM Group?

It is a fraudulent entity pretending to be a world-leading online forex brokerage.

Is MWM Group Legit?

No, the company is completely illegal, with its only purpose being to steal your money!

How to Get Money Back From an Inactive Broker?

Contact our legal team as soon as possible! We are available around the clock via the live chat, and our first consultation is free of charge.