As can be seen, this brokerage is registered in Saint Kitts and Nevis as RRT Line Group LLC. This trading group has been there since January 2024, and that’s a sign to rethink your choice of depositing with them.

However, we know these firms usually use lucrative ads to make traders join them. But to see what else you can expect from them, check out this PrimeBanque review carefully.

Legal info: Is PrimeBanque Legit or a Scam?

Usually, the first sign of a trading scam is missing trading licenses. When a company operates from any offshore country, it should primarily obtain licenses in countries where it offers services. Sadly, with this firm, zero license details are provided, and most likely, the company doesn’t have any.

To be sure, we checked the FCA, ASIC, CFTC, SEC, BaFin, and CySEC registers, which traders trust the most. Sadly, none of these databases hold records of PrimeBanque being regulated.

Who are PrimeBanque’s Victims?

In the absence of PrimeBanque reviews, we have to check the company’s traffic analytics and find out who their customers are. It’s not surprising since their domain was registered in January 2024. Anyway, it appears they are mainly targeting traders from: 

• United Kingdom
• Netherlands
• Austria
• Belgium
• Switzerland

To be fair, all top-tier regulated countries, and it’s just a matter of time before they end up on a warning list. If you want to stay clear from swindlers, read our FCTrading review as well. Also, contact us directly for advice on refunds if needed.

Leverage, Commissions, Spreads, Fees and Taxes

Even though the PrimeBanque broker mentions spreads, fees, and commissions, none of those are fully transparent. Of course, the more money you deposit, the better discounts on fees you can get. 

Nevertheless, the main problem with the company is its leverage of up to 1:1000. Yet, all countries they are targeting allow a maximum of 1:30 for retail traders to be offered.

Bonuses

Bonus funds are a good trick for any unregulated firm to prevent traders from withdrawing any funds. Bonus clauses contain shady requirements, and that’s the key problem. Unfortunately, the PrimeBanque account types don’t reveal if there are any bonus offers available.

PrimeBanque Trading Features

One of the interesting features of this company is dividends. Apparently, these range between €1.000 and 15.000€ depending on the account type. Regarding trading, the company advertises comprehensive analysis tools, but with their platform, we highly doubt those are available.

Trading Platforms Available

At some point, the company mentions they offer MT4 WebTrader. However, once you get into the platform, you realize that’s a lie. 

Instead, traders are offered a proprietary web-trader with charting options imported from TradingView. Trading features available are only mandatory ones, without anything more. Certainly, there’s nothing advanced and sophisticated about this platform.

Available Trading Assets

If you still choose to trade with this firm, the list of tradeable assets will definitely satisfy you. There are all five main categories available and a lot of options, such as: 

• Forex – USD/AUD, EUR/SEK
• CFDs – natural gas, Boeing, CAC40
• Cryptos – ETH, ADA, DOT

Account Types

The key features traders get if they deposit more money are reduced swap fees, higher dividends, managed account sessions, and higher leverage. Even though it seems you need a lot of money to get started, these brokers often accept anything above €250 to sign up. 

Anyway, all options are: 

• Standard – €10.000
• Advanced – €25.000
• Platinum – €100.000
• Expert – €250.000
• VIP – €500.000
• Professional – €2M

Mobile Trading App

A trick the company uses to present the PrimeBanque app is to advertise it as download-free. But that means you have to access it via a browser, and that’s not a good sign. 

If you read our Lux Trading Firm review, you will find out why trusted apps make a big difference.

Demo Account

Generally, the company doesn’t offer advanced features requiring traders to use demo accounts. Still, with hidden costs, it might be necessary. Sadly, it’s not available.

Education

Often seen with unregulated brokers is also a lack of educational programs. The whole education with them usually relies on sessions with their so-called specialists. But keep in mind those are not licensed staff members who can truly help you learn anything.

PrimeBanque Withdrawal

Another detail traders have to worry about is the PrimeBanque withdrawal process. The company doesn’t reveal any details about methods, processing time, or withdrawal fees. Consequently, they have prepared the field to make excuses for not approving withdrawals.

That’s why top-tier licenses are highly important in trading. In any case, if you get a request to pay upfront fees for a withdrawal, be smart and ignore it.

Customer Support

Interesting details can be seen in the company’s phone details. They presented us with a UK phone number, which clearly shows they use VOIP services. After all, they don’t have an office in the UK. 

Besides, traders may try reaching them via e-mail. The usual response should be 24/5.

Key Information To Consider About PrimeBanque

To summarize, there’s nothing traders should believe in this trading firm. In the first place, it is because they are not licensed. On top of that, they are a freshly registered broker with highly suspicious and non-transparent conditions. All those are signs to keep your money away from them.

However, if you fall for some of their tricks, it’s not the end of the world. Simply reach out to our refund consultants and find out how to get your money back. Don’t worry, the first meeting is free. Book it now.

FAQ Section

What is PrimeBanque?

PrimeBanque is an offshore FX and CFD trading firm that has been operating since January 2024.

Is PrimeBanque Regulated?

No. PrimeBanque is not regulated anywhere, especially not by top-tier authorities like FCA, BaFin, or CFTC.

How to Get Money Out of My PrimeBanque Account?

Considering missing regulations you will most likely need alternative refund methods. For all options, we suggest you talk your case through with our experts. Send us a message right away.

Even at first glance, the company’s website has problems. First, it doesn’t reveal any legal information, such as addresses, owners, or contact options. Second, it doesn’t provide transparent access to the platform.

Consequently, with such low transparency, what can you expect but to get scammed? Nevertheless, our advice from this Etchrg.com review can surely help you avoid future scam attempts.

Legal info: Is Etchrg.com Legit or A Scam?

Regardless of the company’s transparency, it should have a license to operate in the crypto trading world. Those required licenses are called DASP or VASP (Digital/Virtual Asset Service Provider). The most trusted ones usually come from authorities like FCA, ASIC, BaFin, and other top-tier regulators.

However, the problem is that none of these databases have records of Etchrg being licensed. Clearly, it’s a sign to stay away from them. Don’t trust them if they mention funds protection features like segregated accounts or other security measures. It’s all designed just to rip off traders and vanish with their funds.

Who are Etchrg.com’s Victims?

With the domain registered in 2024, it’s not surprising we can’t see any Etchrg.com reviews. Luckily, website traffic can show us the primary targets of this exchange. Those are: 

• Saudi Arabia
• Egypt
• United Arab Emirates
• Kuwait

Other firms that have similarly anonymous businesses are Bsetcoinss and Netbtccoin. We strongly recommend you check our reviews about them as well. Ultimately, if any of these firms hold your crypto, contact us for recovery assistance.

Leverage, Commissions, Spreads, Fees and Taxes

It is important to realize that Etchrg.com exchange doesn’t share trading costs with the public, and we couldn’t find any after registration. Consequently, you can expect trouble while investing with them. To avoid that, simply stick to licensed firms.

Bonuses

Usually, with exchanges, traders get bonuses when new ICOs (initial coin offerings) are being made. We can’t expect such promotions since this firm doesn’t offer much. But if you get some, you won’t know the conditions since legal documents don’t exist.

Etchrg.com Trading Features

Besides regular exchange services through third parties, with Etchrg.com crypto exchange traders can also participate in staking programs. 

These programs require 5.000 USDT and can last between 7 and 90 days. Return rates are fixed, and traders can expect 1-9% annually depending on the program chosen.

Trading Platforms Available

Important to realize is that this firm doesn’t offer any charting features, proprietary purchasing options, or Etchrg.com app.

Therefore, you’ll have to scan and analyze cryptos on other platforms and then use this one for what you want. Then, you can stick with that other exchange where you track your crypto.

Available Trading Assets

Once we completed the Etchrg.com login process, we could see there were only 16 cryptocurrencies available for trading. Mainly the most popular ones are offered, such as: 

• BTC
• ETH
• BCH
• ETC
• BSV and a few more

Account Types

If you want to improve your staking percentages, you must choose one of five VIP membership offers. Each offer requires a higher deposit but also gives a higher return. 

The problem is that the cheapest option is only available for one month, and then it’s automatically canceled. Practically, they are forcing you to deposit more money this way. In any case, all options are: 

• VIP 1 50 USDT
• VIP 2 1.000 USDT
• VIP 3 3.000 USDT
• VIP 4    55.000 USDT
• VIP 5 100.000 USDT

Mobile Trading App

To sum up, no. As can be seen, the company’s web-based platform doesn’t exist, not to mention mobile apps, especially not trusted ones.

Demo Account

A demo account is another feature that’s not even necessary with this scam firm. With the platform absent overall, a demo feature is not needed.

Education

On the other hand, to trade cryptocurrencies safely, you better equip yourself with proper knowledge. Otherwise, these crypto exchanges can manipulate you as they want. 

After all, that’s why they don’t offer any educational programs whatsoever. They want to keep you crypto-illiterate.

Etchrg.com Withdrawal

Understandably, for the Etchrg.com withdrawal procedure, traders should have maximum patience. With unclear fees, there could be a lot of manipulation around it. 

But before you get to that point, you can expect other irregularities. Such as the ones with verification of your account, compliance with AML and KYC laws, etc. But we strongly recommend you don’t bite too much. Otherwise, it might cost you.

Customer Support

When it comes to customer service, that’s another disappointing thing with this firm. The only option available is live chat, and to be fair, they can easily ignore you there. If you are looking for a withdrawal, good luck.

Key Information To Consider About Etchrg.com

Nothing about the Etchrg.com scam company looks promising, starting from their website and platform. Not to mention, they are an absolutely anonymous and unregulated firm that wants your money. If you trust them, make sure you also know how to recover your money.

In case you don’t know, feel free to send us a message and get a consultation from our refund specialists. Tools like CipherTrace our team uses can be helpful in crypto scams. Primarily because it can track crypto transfers and help find your money. Don’t waste any time and contact our team right away.

FAQ Section

What is Etchrg.com?

Etchrg.com is an absolutely anonymous crypto exchange that has been active since January 2024.

Is Etchrg.com Legit?

No. Without trusted regulations, transparent legal information, and trusted apps, this firm can’t be considered legit.

Is It Possible to Recover Stolen Crypto?

If you have stolen crypto you have to track it down first and that’s why our experts use the CipherTrace tool. To make your first step, feel free to contact our team.

The suspicious scope of business this firm was practicing was mainly oriented towards stealing deposits from retail Forex investors. 

Their fraudulent strategies and unscrupulous methods are revealed in the following SMM Limited review. Please pay attention to the following lines if you are one of the victims that has lost their life savings to a cyber criminal with a now inactive site.

Unregistered and Unregulated

Earning the trust of their unsuspecting victims was a prioritized goal of the SMM Limited scam. In order to appear legit and trustworthy, these charlatans used to claim they were registered in London, UK. Once we checked the address in the UK Companies House the name that came up was Bristol Holdings Of London Ltd. This company was dissolved in July 2019, long before the broker in question was established. 

Since every online financial services provider in the UK has to obtain a FCA license if they intend to run a legit business, we immediately checked this database or regulated entities. However, the company we’re reviewing is not among legally incorporated firms. 

Therefore, it’s crucial to note that trading platforms similar to this one and GSI Markets, which is notorious with several authorities, are never safe for investing with.

Reviews Reveal the Con Scheme

While the majority of information is wiped clean, we can get a good feeling of how the fraud functioned by reading the SMM Limited reviews.

On TrustPilot the mods have detected the deception and frozen the company’s account due to the large number of fake reviews. The situation is much the same on SiteJabber and Reviews.io, while numerous Redditors openly warn people about the company.

Reading the comments, it became obvious that the platform functioned as a boiler room fraud. It involves numerous individuals working by phone, and soliciting the service to unwary investors. The fraudsters start with small amounts at first, but these quickly spiral out of proportion.

Eventually, the victim becomes suspicious and wishes to withdraw the alleged profits, only to be met with a cold shower and blocked communication.

Who Are The Main Targets?

The website history is so well hidden that there is no information about it on WhoIs. Analyzing other aspects of the site, we have managed to determine that smm-limited.co was launched in 2024.

Traffic data suggest that the fraudsters are most active in these areas:

• United Kingdom
• Lithuania
• Germany
• Canada

The company used several social network profiles to gain more traction, including CrunchBase and various affiliates on LinkedIn and YouTube.

If you’re one of thousands whose money was stolen by these charlatans, contact our experts. With the site shut down, the time is of the essence and it is important to start a recovery procedure as soon as possible.

Stealth Fees

One certain characteristic of an illicit trading portal is the fact that fees are never transparently communicated with the clients. These hidden costs typically encompass a range of additional taxes, commissions and payments demanded from clients. 

None of these costs were previously disclosed and are subject to constant changes. Examples are hidden withdrawal terms and fees, inactivity fee, conversion fee and other taxes. At that, these miscreants have also never revealed even the basic trading parameters, such as leverage and spreads.

Other Red Flags

Lack of transparency is just one of the reasons why no one should ever invest with dishonest portals like Pionex and the one we’re reviewing now. Paired up with hidden fees are always dysfunctional software, over expensive packages and completely useless tools. The following offer is no better.

Modified Web Terminal Facilitates Scam

Vast majority of fake brokerage firms offer a simplistic, rudimentary web software for trading. Little do the victims know how heavily manipulated and controlled this trading terminal is. By modifying the data, price movements and market events, financial swindlers can easily cause harm to retail Forex traders. 

Therefore, you should stay away from unreliable investment options and schemes and only stick to strictly regulated software and Forex providers.

Unclear Choice of Assets

It’s not uncommon to see suspicious sites blabbering about a rich palette of financial instruments available, while there’s no actual proof of that. SMM Limited trading instruments were never revealed on the site. As a matter of fact, besides Forex and crypto assets no other tradable assets are even remotely mentioned. 

Live Trading Accounts Only

Since there was never any explanation given about the available packages, we can assume that only live trading accounts were available. Since the SMM Limited website is not inaccessible, it is difficult to determine what was the minimum deposit requirement. 

Some of the victims report about being asked to make a deposit of 200 USD/EUR/GBP in order to gain access to live trading server. None of the other features or available tools were discussed.

More Extortion Through Payout Fees

Unlocking the SMM Limited withdrawal option was typically conditioned by advanced fees. Victims were led to believe they’d be able to cash in their fictitious profits if they pay large sums in advance. Moreover, the only available funding method was crypto. 

It is never a good idea to make crypto purchases. Besides being instant and hardly reversible, these transactions are extremely hard to track unless you have the skills and software for the purpose.

Zero Customer Care

No helpline whatsoever was available for the clients that were facing transaction issues or other difficulties. After all, boiler room operators are only available when they want to convince you to deposit. Otherwise, you can’t establish communication with them if they don’t want to.

Got Scammed? Contact Our Experts!

The fraudulent operation known as SMM Limited broker used to solicit unlicensed financial services to unwary investors. Any trading on the site was just a ruse, intended to encourage further spending from the victims.

It is becoming exceedingly urgent that you start a recovery procedure soon, since the swindlers are likely to go into hiding. Use the live chat on our site to book a free consultation with our experts, and start fighting back for your money!

FAQ Section

What is SMM Limited?

It is a fake online broker fraud, perpetrated through the use of a boiler room.

Is SMM Limited Legit?

No, the company is completely fake. Their services are unlicensed and unregulated, and the firm is known for stealing from their clients.

Can I Get Money Back If a Broker is Inactive?

It is possible to recover the funds even after the scammers have gone offline. Contact our professional team via the live chat to learn more.

Orbid.org purports to be a transparent and successful brokerage firm operating in the United Kingdom. However, something is off about this business. It’s reminiscent of the FCF Markets scheme. We made that claim on solid grounds. 

Do not get fooled by the enticing website with smooth transitions and alluring offers. This company offers an unregulated trading platform that automatically raises concerns about fraudulent activity. Read our full Orbid.org review to learn why.

Legal Info: Is Orbid.org Regulated?

Is the Orbid.org Forex broker registered as a legal entity? The answer is yes; the firm was incorporated in the UK on July 4, 2023. However, the country’s Financial Conduct Authority (FCA) has not approved this business.

The British watchdog never issued a license to this firm to provide trading services, meaning it operates unregulated. That’s a huge issue, especially considering how heavily regulated the UK is in terms of financial markets. Due to the lack of security, the funds you place on Orbid can vanish overnight, leaving you without compensation.   

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 Orbid.org’s Targets?

According to WHOIS, the orbid.org website domain was created on June 22, 2023. Since then, the firm has been accepting traders from the following jurisdictions: 

• Poland;
• Hungary;
• Slovakia;
• Czechia.

All four are EU member states, meaning their respective financial watchdogs implement joint European Securities and Markets Authority (ESMA) regulations. One fundamental rule stipulates that each market participant must obtain a MiFID passport to operate. This way, ESMA ensures digital con artists like Ixxen are not defrauding traders and investors.

Not only is Orbid.org unlicensed, but it also violates European regulations by offering bonuses and leverage higher than the legal cap for retail clients of 1:30.

Trader Reviews – Sharing Experiences

We’re having doubts about the Orbid.org reviews on trustpilot.com. Up to 73% of the comments are positive, while only 24% are pure complaints. There’s a great chance the former are incentivized in some way. The situation is a bit different on scamadviser.com, where there are fewer reviews but more negative ones.

“These scammers are abusing my number by spoofing it as a calling number and offering crypto business to people,”

one ScamAdviser user claims. 

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

Which Trading Platform Is Available?

The Orbid.org trading platform is virtually unknown since the website does not reveal any relevant details. There is no Orbid.org app either. 

Nevertheless, the one image provided shows a classic web trading interface. It looks like any other browser-based terminal: basic charts, graphs, and indicators, but no advanced tools. Add to that the broker’s unreliable nature, and you will have a problem. The platform may be rigged to steal users’ funds.

Therefore, opt for licensed providers offering reliable third-party software like the aforementioned MetaTrader 4, MetaTrader 5, or cTrader. MT platforms provide a wide range of advanced tools, including automated and algorithmic trading, superb charting, multiple timeframes, live market reports, expert advisers, branch optimization, and more.

Orbid.org Account Types

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Trading Info – Leverage, Spreads, Commissions

In addition to the suspicious tiers from the table, the broker also offers a Professional and Orbid.org VIP account. Regardless, all accounts are overpriced, so don’t bother.

The maximum leverage traders can use is 1:66 for Forex, which is higher than the legal limit in force in Europe (1:30), as mentioned. High leverage can lead to excellent profits, but it’s extremely risky. If the market moves against you, the losses will be devastating.

According to the website, the fees vary from instrument to instrument; Forex trading incurs a 1.5% commission, gold 3%, and indices 2.5%. 

Can Traders Use a Free Demo Account?

No, which is a red flag. Despite the website advertising it, the Orbid.org login page does not offer any such option. Without it, you cannot access the platform and practice with virtual funds, meaning you must invest real money straight away.

If you are a beginner, that would be unwise. As most brokers nowadays offer risk-free trading, we advise you to consider more reliable options.

Deposit and Withdrawal Process

The website did not disclose which payment options are available for making deposits and withdrawing funds. Judging by the negative reviews, withdrawal issues are likely on this platform. In that case, you can only explore refund options.

For MasterCard or Visa credit/debit card payments, you can request a chargeback at the issuing bank within 120 days to get a refund. To make a strong case, provide bank officials with ample evidence and relevant documents. On the other hand, 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. Our team can help.

Key Facts To Consider About Orbid.org

Orbid.org is a UK-based broker offering several account types and multiple asset classes. The firm operates without authorization from the FCA—in other words, illegally. This scheme’s primary targets are Polish, Czech, Hungarian, and Slovakian traders.

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

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

Book your free consultation here and start the chargeback process.

FAQ Section

What is Orbid.org?

A UK-based Forex brokerage firm. The platform, accessible via three account tiers, supports popular trading instruments.

Is Orbid.org Broker Legit?

No, this broker is not legit. The firm operates without the regulatory approval of the UK’s FCA watchdog.

How to Get Money Back From a Scam Broker?

Having Orbid.org withdrawal issues? Book a consultation with us and explain what’s happening. We can help you get your money out.

Anonymous and unsupervised by a financial authority, this questionable financial services provider promises a lot. From high returns to quick payouts and safest trading conditions, these cons are willing to publish whatever it takes to gain traffic. 

Alas, the fraudulent nature of the scheme is obvious once you realize the cheap website template has already been recycled countless times by other frauds. Keep reading our ProTrade24 review to find out the truth about this blacklisted sham.

Unverifiable Claims

The ProTrade24 broker, allegedly owned by a company with the same name operates from several domains, with protrade24.com already being out of function. 

For now, only protrade24.net remains active and it’s already been identified as a fraud by the regulatory authority of Germany. BaFin has investigated the conduct and issued a public warning which states that the broker operates without a mandatory Forex license. 

Furthermore, the firm claims to be headquartered in the UK, but FCA has no entry under this name in their database of regulated financial services providers. 

Nothing is a more valid proof of scam like a company being blacklisted. Therefore, don’t expect to be offered safety of funds, segregated accounts or compensation plans by these charlatans. StreakPips displays somewhat of a similar unscrupulous strategy and tactics, so you better not invest with them, either.

Targeting the Vulnerable

Both of the domains were created recently, the older one being protrade24.com from late 2023. This company doesn’t have any social links. They instead use the old “boiler room” strategy to contact the victims directly. This one is mostly active in these nations:

• Italy
• Greece
• Germany
• Spain
• Austria

Boiler rooms usually target people who are not very tech savvy, and pull them into the gray world of unregulated investments. Allegedly, all you have to do is seize the moment, and invest – momentarily, without a second to think.

The company’s boiler room agents will allegedly do all the rest, and you can just kick back and relax. These empty promises quickly turn the deal sour, though, when the victims realize they’ve been had. The money might be stolen, but that doesn’t mean it’s disappeared, so contact our experts to begin recovery.

Horrible User Experiences

While the ProTrade24 reviews on the web are not numerous, they all point out to the site being an online scam. The stories posted on TrustPilot all talk about known fraudulent strategies, such as targeting the pensioners and promising them unrealistic returns.

The platform’s current trust score is only 2.9 stars, albeit there aren’t many comments to begin with. As the situation develops, we can expect the company to start posting fake reviews, which is another strategy used by other shady firms like Finhubvest.

Same Web Template, Same Costs

As we’re already well familiar with this cheap site template that’s been copy pasted countless times before, all costs that are mentioned are just 0.75% fees. This includes 0.40% administration fees and 0.35% management fees. 

To fool victims into rushed deposits, the ProTrade24 scam advertises low spreads ranging from 1.5 pips to 0, with the maximum leverage being up to 1:500. 

Trading Tools are a Disgrace

Inexplicably costly trading accounts are just the tip of the iceberg. For such insane prices, you’ll be getting nothing but a rudimentary web terminal with little to no useful analytical and advanced trading tools. What’s more, beginners can’t count on any form of education and proper user support.

Inactive Trading Room

Since accessing the trading area doesn’t require registering for a ProTrade24 login, we could examine the trading terminal a bit. The trading platform is composed of an unmoving graph and only two active buttons: buy and sell.

Other functions do not seem to be working, including the simplistic customization tools. Such an oversimplified software is known to be heavily manipulated by the cons, so don’t even attempt to trade here!

Crypto Assets Only

As the great crypto craze continues, the vast majority of fraudulent and doctores platforms are starting to focus only on providing digital currencies. The faux online brokerage brand we’re reviewing is also gravitating towards that. Therefore, the only instruments found inside the platform are major coins, such as BTC, ETH, LTC, XRP, DOT, DOGE and others.

Account Types Meet No One’s Expectations

Although advertised as rich in features and a great way to financial markets, the ProTrade24 account types are just overpriced lies. These bogus packages promise everything from secure trades, signals and account managers to premium market analysis and education. 

Of course, none of these features are actually featured anywhere. That didn’t stop these miscreants from putting up abysmal price tags on each:

• Standard – $5,000
• Silver – $25,000
• Gold – $50,000
• Platinum – $100,000
• VIP – Invitation

Don’t Invest Crypto Here!

Promised high returns and quick payouts may seem like an attractive offer, but beware. Anonymous websites that force crypto transactions only are a dangerous place for multiple reasons. One major drawback and threat to your financial freedom is the riskiness of crypto funding procedures. 

Hardly trackable and barely reversibel (if ever), these should only be conducted with a trustworthy platform. Apart from that, this sham is known for charging hidden fees so you can expect that too as soon as you try to cash in any profit.

24/5 Bogus Support

It’s promised that the client service office is available every work day except weekends. Ways to reach out to the support office are:

• Email
• Phone
• Web form

However, as it turns out, not one user inquiry is ever answered. Whether that’s because no one cares or there’s no support office at all, but all user requests remain ignored.

Scammers Took Your Money? Get It Back!

The company that is supposed to be behind this brokerage simply doesn’t exist. The website is only a facade to further the deception orchestrated by the con artists. There is no trading, and any profits are fictitious.

If you, or somebody you know has become a victim of an online fraud, contact our experts. With our help, you stand a chance of recovering the stolen money. You may reach us 24/7 via the live chat, and our first consultation is free of charge.

FAQ Section

What is ProTrade24?

It is an online con scheme operating under the guise of a forex brokerage.

Is ProTrade24 Legit?

No, the company is a known fraudulent entity. The German BaFIN has issued an investor warning about this group.

How to Get Money Back From a Scam Broker?

Gather all the information you can, and contact our recovery experts for help with ProTrade24 withdrawal. We are available around the clock via the live chat on our site.

Apparently, this trading brand is operated by CFX Fund Management Ltd, which is registered in the UK. Even at first glance, we can see there will be some irregularities since the company offers bonuses.

But that’s just the beginning of problems. To learn when to back out from any investment deal, you better read this CFD Fund review until the end.

Legal info: Is CFX Fund Legit or a Scam?

As a UK-based firm, this broker should primarily obtain a license from the FCA. Sadly, they didn’t, and they didn’t even consider any other top-tier license alternative. Such as BaFin, ASIC, or CFTC. 

Logically, a lack of regulations led to numerous traders being scammed, and of course, that resulted in multiple warnings, starting with Austrian FMA, Spanish CNMV, and Belgian FSMA.

Who are the CFX Fund’s Victims?

In less than a year, the company already destroyed its reputation. With a new domain, they tried to escape the bitter truth, but it didn’t work. Now, traders just have to prepare themselves if the company disappears, which is highly expected. Especially the ones coming from: 

• Belgium
• Canada
• Austria
• Ireland
• United States

If you are coming from any of these, contact us for a refund consultation as soon as possible. But also if you experience any issues with brokers like Forexland or Finkea.com.

Traders Reviews

If you didn’t realize this company is only scamming traders, check the CFX Fund reviews. Whether you look at Trustpilot or Reviews.io, the situation is the same. 

With an absolutely horrifying rating, it’s clear this broker is only there to rip off inexperienced traders. If you become their victim, reach out to our refund team immediately for assistance in recovering funds.

Leverage, Commissions, Spreads, Fees and Taxes

To avoid exposing themselves as a scam from the first minute, the CFX Fund broker decided to hide its leverage. But keep in mind all UK brokers can offer only 1:30 to retail traders. 

Another problem with this firm is hidden trading costs, such as spreads, commissions, and fees. Apparently, the company’s spreads start from 0 pips, but be sure that’s possible, potentially only for a few assets.

Bonuses

More problems with CFX Fund Forex company traders can expect if they accept any bonuses from the company. Ironically, the company can cancel all bonuses if they suspect any fraudulent activity on your account. Thus, they are the ones performing those scamming activities.

Bonus conditions limit traders from withdrawing any funds unless they meet certain trading conditions. In this case, to reach one standard lot ($100k) for every $1 bonus added.

CFX Fund Trading Features

Besides CFX Fund Trade Station, there’s nothing else that might attract traders to this broker. But to be fair, with all the issues with this broker, even that station is highly suspicious.

Trading Platforms Available

In the absence of a trusted trading platform, traders can only experience manipulation here. One of the key features the company presents us with is seamless switching between the web trader and mobile version. In any case, social trading, copy trading, or EA features are not part of the deal.

Available Trading Assets

Apparently, the company offers more than 200 assets from five different classes. Not even thousands of options can make them look legit or attractive. In any case, the options are: 

• Forex – USD/JPY, AUD/SGD
• CFDs – gold, FTSE100, Walt Disney
• Cryptos – BTC, BNB

Account Types

Of course, the company’s account types require more and more money but give zero relevant benefits in return. For instance, if you deposit $10k, you can get: 

• Personal account manager
• Trading platform introduction
• Risk management strategies and guidance
• Basic market education sessions

Not to mention, the company claims this is their minimum deposit requirement. However, we believe they will accept anything above $250 to get traders started. Anyway, other options are: 

• Silver – $25.000
• Gold – $50.000
• Premium – $100.000
• Platinum – $250.000
• VIP – $500.000
• VIP+ – $1M+

Mobile Trading App

If you were hoping for a trusted CFX Fund app, we have to disappoint you. The company doesn’t have any and is especially untrustworthy. For this reason, we strongly recommend you stick with top-tier licensed brokerages.

Demo Account

If you want to explore this company’s platform, you must prepare for harassment. The only option to get access to the platform is by registration. Even then, you won’t have a demo account option.

Education

Overall, the company doesn’t have any specific trading academy or educational program. However, their guidance from account managers can be considered some kind of education. Thus, it is a misleading one.

CFX Fund Withdrawal

Apparently, withdrawal requests are processed within 7 business days. That’s 7 times longer compared to any top-ranked broker. 

In any case, the company will charge traders a wide range of fees, the most important one being a hefty 5% withdrawal fee. In case you don’t pay those, your CFX Fund login credentials might get blocked.  

Customer Support

Considering numerous CFX Fund withdrawal issues that can happen, you will certainly need assistance from the company. According to them, their customer support replies within 1 hour and 24 hours during workdays. 

Contact options available are e-mail, phone line, and a live chat, which the company mentions. Thus, it’s nowhere to be seen.

Key Information To Consider About CFX Fund

Besides all the misleading details from the CFX Fund scam broker, the most essential fact is a lack of regulation. But also warnings from trusted regulators. With this in mind, problems are inevitable with any brokerage. Therefore, it’s quite important to know how to get your money out without their assistance.

For that purpose, our refund team offers a free first consultation where traders can learn about all the options. One of the most popular tools helping us today is CipherTrace for crypto transfer tracking. Since we are fully equipped and know what to do, don’t hesitate to reach out if you get scammed.

FAQ Section

What is CFX Fund?

CFX Fund is a fake FX and CFD trading firm allegedly registered in the United Kingdom.

Is CFX Fund Regulated?

Definitely not. Especially not by the FCA. Instead, the company has been found on a warning list of the FMA, FSMA, and CNMV.

How to Get Money Back From a Scam Broker?

In this case, traders might need the CipherTrace tool to track their crypto and for that, we strongly recommend you reach our refund experts to assist you.