If you’re considering investing with XTrader, think again. Negative feedback and questionable activities have been associated with this broker. In this XTrader review, we will examine the reasons behind this broker’s notoriety for defrauding investors and emphasize the significance of regulatory supervision in the financial sector. To protect your investments and ensure a fair trading environment, it is essential to invest with a reliable and licensed broker. We have gathered significant evidences through our thorough research and let us go into the XTrader review in detail.
XTrader Information
XTrader Website – www.xtrader.ca
Website Availability – NO
Address shown – NA
XTrader Owned By – NA
Warned By – Ontario Securities Commission (Ontario)
Domain Age of XTrader
Domain Name: xtrader.ca
Registry Domain ID: 111059934-CIRA
Registrar WHOIS Server: whois.ca.fury.ca
Registrar URL: ca.godaddy.com
Updated Date: 2024-01-26T15:24:12Z
Creation Date: 2023-11-27T15:12:56Z
Registry Expiry Date: 2024-11-27T15:12:56Z
Why we call XTrader activities as XTrader fraud?
There are allegations that XTrader is an elaborate scam. People are questioning the broker’s reliability because its website, www.xtrader.ca, is currently down. There is no information available about its ownership or headquarters location. The Ontario Securities Commission’s (Ontario) blacklisting of XTrader only raises doubts. Prospective investors should act with extreme caution and avoid any dealings with XTrader to protect themselves from fraud. Before doing any financial transactions, ensure that the broker is legitimate and in good standing with the authorities.
Negative XTrader Reviews and the Importance of Research
Assessing Online Reputation
Check out a broker’s online reputation before transferring any money to them. While not every negative review is indicative of malpractice, a pattern of discontent among clients should raise red flags. Look through social media, review websites, and online forums to see what previous and current customers have to say about their experiences. Remember, an investment decision should be based on thorough research and not solely on enticing promises. It is advisable to proceed cautiously or look into other possibilities if XTrader has a lot of unfavorable reviews. Our reserach has found that XTrader has a number of online negative feedbacks given by its real customers.
Get a Chargeback from XTrader – If you’ve experienced financial losses due to deceptive practices, our team can assist you in seeking chargeback options to reclaim your funds.
Transparency and Communication
The absence of transparency and insufficient communication from brokers such as XTrader is a common complaint among investors. If you find a lack of transparency in a broker or it fails to address client concerns promptly, it may signal deeper issues within the organization.
Importance of Regulation in the Financial Industry
Upholding Industry Standards
Regulated brokers are held to stringent standards of conduct, ensuring fair and transparent practices. While regulation alone does not guarantee a flawless experience, it provides investors with recourse in case of disputes and instills confidence in the broker’s operations.
It is wise to keep your money away from XTrader if they are not regulated.
Major Regulatory Authorities
Learn about the regulatory framework so that you can distinguish trustworthy brokers from possible risks. The Financial Conduct Authority (United Kingdom), the Cyprus Securities and Exchange Commission (Cyprus), the Australian Securities and Investments Commission (Australia), and other respectable authorities have a proven track record of protecting investors. Brokers under these organizations’ regulations are more likely to uphold clients’ interests and follow industry best practices.
How to Protect Your Investments from Fraud
Before engaging a broker, do extensive research on the broker’s legitimacy. Investigate licenses, regulatory status, and track record.
Check online XTrader reviews, forums, and social media platforms for feedback and experiences shared by other traders.
A physical address and verifiable contact information should be provided by the broker.
Read through their terms and conditions, privacy policy, and risk disclosures to understand their policies and procedures.
Examine the customer care provided by the broker before creating an account.
Remember that trading involves inherent risks, and no broker can guarantee consistent profits.
Review the broker’s withdrawal policies and procedures.
Keep in mind that extensive research and due investigation, such as reading a XTrader review, are critical to ensure a safe and dependable trading experience.
XTrader Review – Conclusion
We dont recommend any trader to trade with XTrader as there are a plenty of negative feedbacks and suspicious activities done by XTrader. Keep your money safe and do not trde with XTrader.
Get a Free Consultation – We can assist you if you’ve been scammed by a scam broker or if you need help understanding the complexities of financial/investment scams. Our team specializes in recovering funds and offers useful resources to enable victims of scams. Take the first step back to financial stability by visiting Report Scam for a free consultation. Contact us right now to avoid going through this experience alone.
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 XTrader review written above is influenced by the other XTrader reviews already on the web. We are not liable for any legal action from the XTrader company. In case of any query please mail us at info@reportscam.net.
MyCapitalInvest24 Review: Is MyCapitalInvest24 scam or legit
If you’re considering investing with MyCapitalInvest24, think again. Negative feedback and questionable activities have been associated with this broker. In this MyCapitalInvest24 review, we will examine the reasons behind this broker’s notoriety for defrauding investors and emphasize the significance of regulatory supervision in the financial sector. To protect your investments and ensure a fair trading environment, it is essential to invest with a reliable and licensed broker. We have gathered significant evidences through our thorough research and let us go into the MyCapitalInvest24 review in detail.
Address shown – 175 Piccadilly, St. James’s, London W1J 9TB
MyCapitalInvest24 Owned By – NA
Warned By – Ontario Securities Commission (Ontario)
Domain Age of MyCapitalInvest24
Domain Name: MYCAPITALINVEST24.COM
Registry Domain ID: 2813174751_DOMAIN_COM-VRSN
Registrar WHOIS Server: whois.tucows.com
Registrar URL: http://www.tucows.com
Updated Date: 2024-05-10T20:17:20Z
Creation Date: 2023-09-12T10:57:32Z
Registry Expiry Date: 2024-09-12T10:57:32Z
Why we call MyCapitalInvest24 activities as MyCapitalInvest24 fraud?
MyCapitalInvest24, which operates through www.mycapitalinvest24.com, raises red flags as possibly being fraudulent. The website is down is one of the main tactics used by con artists. Even though its London address is 175 Piccadilly, St. James’s, ownership information is still unknown. The Ontario Securities Commission, a Canadian regulatory body, has placed it on its “blacklist,” which is concerning. This unsettling combination of events should raise concerns for anyone thinking about utilizing MyCapitalInvest24. Caution is necessary to protect against fraud and financial losses in the future.
Negative MyCapitalInvest24 Reviews and the Importance of Research
Assessing Online Reputation
Check out a broker’s online reputation before transferring any money to them. While not every negative review is indicative of malpractice, a pattern of discontent among clients should raise red flags. Look through social media, review websites, and online forums to see what previous and current customers have to say about their experiences. Remember, an investment decision should be based on thorough research and not solely on enticing promises. It is advisable to proceed cautiously or look into other possibilities if MyCapitalInvest24 has a lot of unfavorable reviews. Our reserach has found that MyCapitalInvest24 has a number of online negative feedbacks given by its real customers.
Get a Chargeback from MyCapitalInvest24 – If you’ve experienced financial losses due to deceptive practices, our team can assist you in seeking chargeback options to reclaim your funds.
Transparency and Communication
The absence of transparency and insufficient communication from brokers such as MyCapitalInvest24 is a common complaint among investors. If you find a lack of transparency in a broker or it fails to address client concerns promptly, it may signal deeper issues within the organization.
Importance of Regulation in the Financial Industry
Upholding Industry Standards
Regulated brokers are held to stringent standards of conduct, ensuring fair and transparent practices. While regulation alone does not guarantee a flawless experience, it provides investors with recourse in case of disputes and instills confidence in the broker’s operations.
It is wise to keep your money away from MyCapitalInvest24 if they are not regulated.
Major Regulatory Authorities
Learn about the regulatory framework so that you can distinguish trustworthy brokers from possible risks. The Financial Conduct Authority (United Kingdom), the Cyprus Securities and Exchange Commission (Cyprus), the Australian Securities and Investments Commission (Australia), and other respectable authorities have a proven track record of protecting investors. Brokers under these organizations’ regulations are more likely to uphold clients’ interests and follow industry best practices.
How to Protect Your Investments from Fraud
Before engaging a broker, do extensive research on the broker’s legitimacy. Investigate licenses, regulatory status, and track record.
Check online MyCapitalInvest24 reviews, forums, and social media platforms for feedback and experiences shared by other traders.
A physical address and verifiable contact information should be provided by the broker.
Read through their terms and conditions, privacy policy, and risk disclosures to understand their policies and procedures.
Examine the customer care provided by the broker before creating an account.
Remember that trading involves inherent risks, and no broker can guarantee consistent profits.
Review the broker’s withdrawal policies and procedures.
Keep in mind that extensive research and due investigation, such as reading a MyCapitalInvest24 review, are critical to ensure a safe and dependable trading experience.
MyCapitalInvest24 Review – Conclusion
We dont recommend any trader to trade with MyCapitalInvest24 as there are a plenty of negative feedbacks and suspicious activities done by MyCapitalInvest24 . Keep your money safe and do not trde with MyCapitalInvest24.
Get a Free Consultation – We can assist you if you’ve been scammed by a scam broker or if you need help understanding the complexities of financial/investment scams. Our team specializes in recovering funds and offers useful resources to enable victims of scams. Take the first step back to financial stability by visiting Report Scam for a free consultation. Contact us right now to avoid going through this experience alone.
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 MyCapitalInvest24 review written above is influenced by the other MyCapitalInvest24 reviews already on the web. We are not liable for any legal action from the MyCapitalInvest24 company. In case of any query please mail us at info@reportscam.net.
Quantum Star Review: Is Quantum Star scam or legit
If you’re considering investing with Quantum Star, think again. Negative feedback and questionable activities have been associated with this broker. In this Quantum Star review, we will examine the reasons behind this broker’s notoriety for defrauding investors and emphasize the significance of regulatory supervision in the financial sector. To protect your investments and ensure a fair trading environment, it is essential to invest with a reliable and licensed broker. We have gathered significant evidences through our thorough research and let us go into the Quantum Star review in detail.
Quantum Star Information
Quantum Star Website – www.quantumstar.net
Website Availability – NO
Address shown – NA
Quantum Star Owned By – NA
Warned By – Ontario Securities Commission (Ontario)
Domain Age of Quantum Star
Domain Name: QUANTUMSTAR.NET
Registry Domain ID: 2833352011_DOMAIN_NET-VRSN
Registrar WHOIS Server: whois.namesilo.com
Registrar URL: http://www.namesilo.com
Updated Date: 2023-11-28T11:06:26Z
Creation Date: 2023-11-28T10:50:55Z
Registry Expiry Date: 2024-11-28T10:50:55Z
Why we call Quantum Star activities as Quantum Star fraud?
QuantumStar’s dependability weakens as a result of its hidden license information, which puts into question its legality and raises concerns about possible fraud. These concerns are heightened when QuantumStar is cautioned by the Ontario Securities Commission (OSC), which also confirms that the company is not permitted to trade securities in Ontario. Giving money to a non-regulatory organization, such as QuantumStar, increases risk because monitoring organizations lack legal safeguards. To reduce the inherent risks connected with unregulated trading platforms, investors should exercise caution and select brokers who are regulated.
Negative Quantum Star Reviews and the Importance of Research
Assessing Online Reputation
Check out a broker’s online reputation before transferring any money to them. While not every negative review is indicative of malpractice, a pattern of discontent among clients should raise red flags. Look through social media, review websites, and online forums to see what previous and current customers have to say about their experiences. Remember, an investment decision should be based on thorough research and not solely on enticing promises. It is advisable to proceed cautiously or look into other possibilities if BrokerR has a lot of unfavorable reviews. Our reserach has found that BrokerR has a number of online negative feedbacks given by its real customers.
Get a Chargeback from Quantum Star – If you’ve experienced financial losses due to deceptive practices, our team can assist you in seeking chargeback options to reclaim your funds.
Transparency and Communication
The absence of transparency and insufficient communication from brokers such as Quantum Star is a common complaint among investors. If you find a lack of transparency in a broker or it fails to address client concerns promptly, it may signal deeper issues within the organization.
Importance of Regulation in the Financial Industry
Upholding Industry Standards
Regulated brokers are held to stringent standards of conduct, ensuring fair and transparent practices. While regulation alone does not guarantee a flawless experience, it provides investors with recourse in case of disputes and instills confidence in the broker’s operations.
It is wise to keep your money away from Quantum Star if they are not regulated.
Major Regulatory Authorities
Learn about the regulatory framework so that you can distinguish trustworthy brokers from possible risks. The Financial Conduct Authority (United Kingdom), the Cyprus Securities and Exchange Commission (Cyprus), the Australian Securities and Investments Commission (Australia), and other respectable authorities have a proven track record of protecting investors. Brokers under these organizations’ regulations are more likely to uphold clients’ interests and follow industry best practices.
How to Protect Your Investments from Fraud
Before engaging a broker, do extensive research on the broker’s legitimacy. Investigate licenses, regulatory status, and track record.
Check online Quantum Star reviews, forums, and social media platforms for feedback and experiences shared by other traders.
A physical address and verifiable contact information should be provided by the broker.
Read through their terms and conditions, privacy policy, and risk disclosures to understand their policies and procedures.
Examine the customer care provided by the broker before creating an account.
Remember that trading involves inherent risks, and no broker can guarantee consistent profits.
Review the broker’s withdrawal policies and procedures.
Keep in mind that extensive research and due investigation, such as reading a Quantum Star review, are critical to ensure a safe and dependable trading experience.
Quantum Star Review – Conclusion
We don’t recommend any trader to trade with Quantum Star as there are a plenty of negative feedbacks and suspicious activities done by Quantum Star . Keep your money safe and do not trde with Quantum Star.
Get a Free Consultation – We can assist you if you’ve been scammed by a scam broker or if you need help understanding the complexities of financial/investment scams. Our team specializes in recovering funds and offers useful resources to enable victims of scams. Take the first step back to financial stability by visiting Report Scam for a free consultation. Contact us right now to avoid going through this experience alone.
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 Quantum Star review written above is influenced by the other Quantum Star reviews already on the web. We are not liable for any legal action from the Quantum Star company. In case of any query please mail us at info@reportscam.net.
North-Questvest Review: Is North-Questvest scam or legit
If you’re considering investing with North-questvest.online, think again. Negative feedback and questionable activities have been associated with this broker. In this North-Questvest review, we will examine the reasons behind this broker’s notoriety for defrauding investors and emphasize the significance of regulatory supervision in the financial sector.
Warned By – Ontario Securities Commission (Ontario)
Domain Age of North-Questvest
Domain Name: NORTH-QUESTVEST.ONLINE
Registry Domain ID: D376503696-CNIC
Registrar WHOIS Server: whois.namecheap.com
Registrar URL: https://namecheap.com
Updated Date: 2024-01-09T20:56:30.0Z
Creation Date: 2023-06-25T00:00:00.0Z
Registry Expiry Date: 2024-06-25T23:59:59.0Z
Why we call North-Questvest activities as North-Questvest fraud?
Warning Issued by Ontario Securities Commission
A strong warning has been issued by the Ontario Securities Commission (OSC) concerning North-Questvest, a firm that may be a scam. The Ontario Securities Commission (OSC) is in charge of overseeing and regulating the country’s securities markets, making sure that investors have protection against fraud and fraudulent schemes. The recent suspicious activity raised a red flag by the OSC, indicating that North-Questvest could be operating illegally.
The inaccessibility of North-Questvest’s website, which was once at http://www.north-questvest.online/, raises more questions about its authenticity. Potential investors cannot obtain important information or get in touch with the firm directly if there is no working website, which is frequently a sign of fraudulent activity. It is also difficult to locate and validate the legality of North-Questvest because it does not provide a physical location or other contact details.
Suspected Scam and Unregulated Operations
The fact that North-Questvest is not regulated or registered by any established financial body is a strong clue that it may be a fraud. Businesses that engage in securities and investments are required by law to be regulated to guarantee that they follow certain rules and safeguard the interests of investors. Investor risk has increased since North-Questvest operates without any form of oversight due to a lack of regulatory control.
Furthermore, no details regarding North-Questvest’s ownership are known. Holding anybody responsible for the business’s operations or any possible misconduct is difficult due to the anonymity of the people who run it. Investors are strongly advised by the OSC to stay away from North-Questvest and to exercise caution when doing business with unregulated businesses.
North-Questvest Review – Conclusion
We dont recommend any trader to trade with North-Questvest as there are a plenty of negative feedbacks and suspicious activities done by North-Questvest. Keep your money safe and do not trde with North-questvest.online.
Get a Free Consultation – We can assist you if you’ve been scammed by a scam broker or if you need help understanding the complexities of financial/investment scams. Our team specializes in recovering funds and offers useful resources to enable victims of scams. Take the first step back to financial stability by visiting Report Scam for a free consultation. Contact us right now to avoid going through this experience alone.
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 North-Questvest review written above is influenced by the other North-Questvest reviews already on the web. We are not liable for any legal action from the North-questvest.online company. In case of any query please mail us at info@reportscam.net.
Generally, we can’t expect much from a company registered in January 2024. However, there are too many legitimate examples of how trusted firms operate. Sadly, this exchange didn’t follow them. Instead, they continued using fraudulent platforms to scam traders worldwide.
How can you be sure about it? Simply check other domains like bedebit.com, and you will see a lot of similarities. But for more clues, if you see some company for the first time, read this BITXLUX review carefully.
Regulated By:
No Regulations
Is This Company Safe?
No
Known Websites:
https://bitxlux.com/
Have Warnings From:
N/A
Registered In:
N/A
Operating Since:
2024
Trading Platforms:
WebTrader
Maximum Leverage:
N/A
Minimum Deposit:
N/A
Deposit Bonus:
N/A
Trading Assets:
Cryptos
Free Demo Account:
Not Available
How To Withdraw From This Company?
With multiple similar websites running, this firm appears to be scamming all over the world. With zero transparency and credibility, you can forget about clean withdrawals. In case you experience issues with it, contact us for refund advice as soon as possible.
Legal Info: Is BITXLUX Legit Or A Scam?
When a company presents itself as the most convenient platform for crypto investing, you immediately expect safe services. Thus, safe services are considered to be backed up by trusted licenses, such as the ones issued by FCA, CFTC, SEC, ASIC, BaFin, or similar authorities. Of course, this company doesn’t have any of those.
Not to mention their T&Cs, fees, platform, and everything else is hidden from the public. This way, they are forcing individuals to register with them and that’s when the harassment starts. On top of all, there are zero BITXLUX reviews available even though the company claims to have more than 3 million verified users.
Who Are BITXLUX’s Victims?
According to the company’s domain age, they have been around since January 2024. Fairly, for any online business, that’s more than enough to build a reputation. The problem with this is that the company targets all countries that require strict regulations for any investment firm. In this case, those countries are:
Germany
Bulgaria
Netherlands
Austria
Sweden
The same applies to EU Finance and NBI Markets companies, where regulations are missing. Therefore, traders can only expect a lot of manipulation. Luckily, there’s a way out. If you get tricked by any of these firms, reach out to our refund team as soon as possible for detailed guidance on how to recover your money.
Leverage, Commissions, Spreads, Fees and Taxes
The only detail transparently advertised is 0% commission trading. However, all other fees and conditions remain a mystery for the public. But even if you register with BITXLUX exchange and get access to those details, you shouldn’t trust it. After all, without a license, all that might be manipulated.
Bonuses
Overall, crypto exchanges offer bonuses during ICOs. In general, those are small amounts that motivate traders to invest in altcoins. However, with the BITXLUX crypto exchange, such promotions don’t exist. At least not transparently.
BITXLUX Trading Features
According to the company’s presentation, there are numerous trading options available. Starting with spot, futures, and options trading, instant swapping features, P2P trading, staking, etc. Also, the company offers crypto wallet features. But we wouldn’t recommend you use any of these.
Trading Platforms Available
Crypto exchanges usually offer trusted apps for most of their trading activities. However, it’s always a good option to have a desktop platform as well for those taking trading seriously.
Unfortunately, without the BITXLUX app for desktop devices, traders can only rely on their web-based one. This is certainly not the most convenient option, especially when the company is not licensed.
Available Trading Assets
As can be seen, the company advertises access to more than 150 cryptocurrencies. However, you won’t be able to confirm that before completing the BITXLUX login procedure. Anyway, the advertised options are:
Bitcoin
Ethereum
Dogecoin
Bitcoin Cash and many more.
Account Types
Widely popular options among exchanges are VIP programs that include lower trading fees for traders. But only for those who have higher trading volume. Fairly, it’s a win-win situation. However, with this company, such options don’t exist.
Mobile Trading App
Even though the exchange advertises crypto wallet features, the mobile app for it doesn’t exist. Surely not something you would expect from a company featured in Bloomberg, Forbes, and NewYorkTimes. Oh yes, they were not. It is another lie.
Demo Account
If the company wanted to offer us a demo account, we would have free platform access in the first place. Sadly, that would expose all the platform flaws. But most importantly, conditions for spot and margin trading.
Education
Generally, there are zero educational programs available with this exchange. But even if they offered some, could you trust them? After all the misleading details, definitely not.
BITXLUX Withdrawal
Since the company mainly promotes cryptocurrencies, you can only expect cryptos as the BITXLUX withdrawal option. But get ready for surprises since processing time and fees are not revealed. It all smells like a big farce. Luckily, there are ways around it as well.
Customer Support
Important to realize is that BITXLUX scam company offers zero contact options. Possibly, when you sign up, you’ll be contacted via Telegram or WhatsApp. But only because of encryption features. All in all, not something convenient for any investor.
Key Information To Consider About BITXLUX
With unregulated services, hidden platforms, and hidden trading conditions, there’s nothing to hope for with this exchange. After all, the company has been manipulating traders with fictive details, primarily about trading volume and the number of active traders. If that was the case, we could see some BITXLUX reviews.
Unfortunately, getting trapped by swindlers can be quite frustrating, especially if you don’t know how to get out of it. Luckily, our refund experts know, and that’s why they offer a free first consultation. Get in touch right away to book yours.
FAQ Section
What is BITXLUX?
BITXLUX is an anonymous crypto exchange that has been active since January 2024.
Is BITXLUX Legit?
No. The company doesn’t have any DASP/VASP license issued by any regulator not to mention top-tier ones.
What is CipherTrace?
CipherTrace tool is widely used for crypto tracking and our refund specialists use it in the refund process when victims get scammed via crypto. For more details, contact us.
Olymp Capitals Review: Is Olymp Capitals scam or legit
If you’re considering investing with Olympcapitals, think again. Negative feedback and questionable activities have been associated with this broker. In this Olymp Capitals review, we will examine the reasons behind this broker’s notoriety for defrauding investors and emphasize the significance of regulatory supervision in the financial sector.
Warned By – Ontario Securities Commission (Ontario)
Why we call Olymp Capitals activities as Olymp Capitals fraud?
Warning from the Ontario Securities Commission
A warning has been issued by the Ontario Securities Commission (OSC) regarding Olymp Capitals, a suspected fraud. This organization, which does operations behind the www.trade.olympcapitals.com website, has given prospective investors a lot to be concerned about. Due to the lack of oversight and transparency over Olymp Capitals’ operations, the OSC has issued a warning advising people against dealing with the company.
Details of the Scam
The fact that Olymp Capitals isn’t accessible online right now raises more questions about its reliability. The website, which was once located at www.trade.olympcapitals.com, is no longer operational, making it impossible for current and potential investors to access their accounts or any relevant data. Fraudulent operations sometimes utilize this sudden absence as a means of avoiding notice and accountability.
In addition, Olymp Capitals lacks important characteristics of a reliable investing company, such as a physical address and ownership data. Such fundamental information is lacking, which is a serious red flag. Furthermore, investors have no safeguards or channels of recourse in the event of fraudulent behavior because the firm is not subject to regulation by any recognized financial institution.
The OSC emphasizes that there are substantial risks associated with investing with unregulated firms. Without monitoring, unregulated businesses function without being subject to any regulatory requirements or operational best practices that safeguard investors. The possibility of fraud, poor management, and financial loss is frequently increased by this absence of control.
It is recommended that prospective investors carry out extensive due research and deal only with companies that are open, regulated, and whose contact details can be independently verified. This caution may help in preventing the significant financial losses that frequently come along with investment fraud.
Olymp Capitals Review – Conclusion
We dont recommend any trader to trade with Olymp Capitals as there are a plenty of negative feedbacks and suspicious activities done by Olympcapitals. Keep your money safe and do not trde with Olymp Capitals.
Get a Free Consultation – We can assist you if you’ve been scammed by a scam broker or if you need help understanding the complexities of financial/investment scams. Our team specializes in recovering funds and offers useful resources to enable victims of scams. Take the first step back to financial stability by visiting Report Scam for a free consultation. Contact us right now to avoid going through this experience alone.
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 Olymp Capitals review written above is influenced by the other Olymp Capitals reviews already on the web. We are not liable for any legal action from the Olympcapitals company. In case of any query please mail us at info@reportscam.net.
If you’re considering investing with Globalfxp.pro, think again. Negative feedback and questionable activities have been associated with this broker. In this GlobalFxp review, we will examine the reasons behind this broker’s notoriety for defrauding investors and emphasize the significance of regulatory supervision in the financial sector.
GlobalFxp Information
GlobalFxp Website – http://www.globalfxp.pro/
Website Availability – No
Address shown – 66 Wellington Street W, Toronto, ON M5K 1A1 & 12 Heneage Street, London, England, E1 5AZ
GlobalFxp Owned By – NA
Warned By – British Columbia Securities Commission (British Columbia), Comisión Nacional del Mercado de Valores (Spain), and Ontario Securities Commission (Ontario)
Why we call GlobalFxp activities as GlobalFxp fraud?
Warning from Regulatory Authorities
Financial regulators from several different countries have been watching GlobalFxp. The Comisión Nacional del Mercado de Valores (CNMV) in Spain, the British Columbia Securities Commission (BCSC) in British Columbia, and the Ontario Securities Commission (OSC) in Canada have all issued warnings against this company, suggesting significant concerns that GlobalFxp is a fraud. Despite lacking the legitimacy and governmental support necessary for such activities, this firm claims to provide trading services.
There is no credible information to support the authenticity of the addresses listed, even if they are in Toronto, Ontario, and London, England. Moreover, examinations into GlobalFxp show that the company is not registered with the UK’s Financial Conduct Authority (FCA), a significant regulatory oversight for any financial service provider purporting to be based in the UK.
Additional Red Flags
The website for GlobalFxp, which was once located at http://www.globalfxp.pro/, is no longer accessible. This sudden disappearance, which implies an intent to avoid notice and responsibility, is frequently used as an indicator of fraudulent operations. The suspicion is heightened by the fact that the addresses—66 Wellington Street W, Toronto, ON M5K 1A1, and 12 Heneage Street, London, England, E1 5AZ—do not match any recognized company operations associated with GlobalFxp. Furthermore, there is no ownership information available, which is rather strange for a reputable trading site.
It is strongly suggested that investors stay away from doing business with GlobalFxp. There is a significant danger of financial loss, as shown by the numerous regulatory organizations’ warnings and the lack of reliable information regarding the ownership and activities of the firm. Before making any investments, be sure that any financial service provider is duly registered and governed by the relevant authorities.
GlobalFxp Review – Conclusion
We dont recommend any trader to trade with GlobalFxp as there are a plenty of negative feedbacks and suspicious activities done by Globalfxp.pro. Keep your money safe and do not trde with GlobalFxp.
Get a Free Consultation – We can assist you if you’ve been scammed by a scam broker or if you need help understanding the complexities of financial/investment scams. Our team specializes in recovering funds and offers useful resources to enable victims of scams. Take the first step back to financial stability by visiting Report Scam for a free consultation. Contact us right now to avoid going through this experience alone.
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 GlobalFxp review written above is influenced by the other GlobalFxp reviews already on the web. We are not liable for any legal action from the Globalfxp.pro company. In case of any query please mail us at info@reportscam.net.
The online CFD and forex broker Admiral Markets it’s a popular choice among traders. They have over 90,000 active users today. They offer their services globally, operating out of the UK. Some of their regional offices include Australia and Estonia. They’ve been in business since 2001. They maintain the proper registrations with the relevant regulators, including the UK’s FCA and the Cyprus-based CySEC. Anyone trading with Admiral Markets has the consumer protections that these agencies provide.
Getting Started with Admiral Markets
Those interested in Admiral M Broker can set up a demo account to familiarize themselves with the platform before making an initial deposit. The minimum for this deposit is $200, about the middle of the road for similar brokers. They offer their services in several languages. Users can make their deposits through most of the popular online payment processors.
Admiral Markets Trading Platforms
Ad Markets Broker offers both MetaTrader4 and MetaTrader5. These are the two current versions of the most popular online trading platform. They also have a custom Web Trader platform if users would prefer to trade that way. They have a mobile app that is on both Android and iOS stores. Their app has some neat features and a good variety of automatic trading tools.
Account Bonuses
Broker offers a few different kinds of bonuses. This raises a few red flags, as the ESMA forbids many types of account bonuses. Admiral Club points provide users with a small premium on every trade they make. There are deposit bonuses on initial deposits over $15,000. This broker does not make the exact amount of these bonuses known to the public.
Negative User Reviews
In conclusion, the consensus among online user reviews is that traders should avoid this broker. The most common complaint is about difficulties making withdrawals. Many investors say that they are unable to withdraw their earnings due to complicated and unclear verification processes. They say that they cannot become an authorized users through Admiral Markets system, cutting them off from their funds.
Unable to Withdraw Your Funds?
Registered brokers have to meet certain conditions to maintain their registration. Are you having difficulties making withdrawals from your broker? Our team understands the most effective ways to process these issues. Call us today for a free consultation. With the details of your case, we’ll be able to determine if our fund retrieval system can work for you.
Is Admiral Markets regulated?
Admiral Markets has CySEC regulation along with the license from FCA and AFSL (Australian Financial Services License). It is operating under the name Admiral Markets UK Ltd, Admiral Markets Cyprus Ltd, and Admiral Markets Pty Ltd. Be aware that AFSL is a non-government organization, not the official Australian regulator (ASIC).
What trading platforms does Admiral Markets use?
Admiral Markets offers its clients MT4 and MT5 trading platforms. Clients can choose what is more suitable for them. Besides these platforms, Admiral Markets also has a web trader. In some cases, only one of the platforms is available, depending on the entity of Admiral Markets you belong to.
Is Admiral Markets a good broker?
When it comes to Admiral Markets, the most common users complaint is that they have a hard time withdrawing their funds. According to reviews, Admiral Markets has a complicated and unclear verification procedure, which makes it impossible to withdraw the money.
Here, we have an example of a very well orchestrated con. Vittaverse Review will tackle all the facets of this fraudulent company, and show you the minute details and problems of this broker. With only the company registration being legitimate, every other aspect of trading through this brokerage puts your finances at great risk.
Vittaverse is an unregulated entity, which is unlikely to return your invested funds. Seek help from your Bank, Financial Regulator or Reach out to our Recovery Specialists to aid you in recovering your funds.
Is Vittaverse a Regulated Broker? Which License Do They Own?
Vittaverse has made available the information on the address of their company HQ, and the company registration. This information checks out, as Vittaverse LTD is legitimately registered in St. Vincent and the Grenadines… But there is a problem with this.
You see, SVG has recently stopped regulating VASPs, or Virtual Asset Service Providers. We call them “online brokers” colloquially. After checking the databases of prominent financial regulators around the world, we found out that the company does not own any trading license.
The obvious dangers with unregulated brokers is that they answer to no-one. Because of this they quickly turn to defrauding their investors. There are other risks, however, and for this reason we should consider to which conditions a regulated broker must adhere for risk-mitigation purposes.
In the EEA, there is a MiFID transnational agreement, which is dictated by ESMA and requires complete financial transparency.. Regulators in the EU require from their brokers at least €730 000 of starting funds, and a compensation scheme of €20 000 before they issue a license. Additional requirements include Negative Balance Protection, and Segregated Bank Accounts. Maximum leverage is 1:30 for Forex and CFDs, and 1:2 for Cryptocurrencies. Bonuses are not allowed anywhere in the EU.
In Canada and the US, these requirements are somewhat different. Where Canada requires an initial capital of CA$1 000 000, the US is much more stringent with their US$20 000 000 requirement. Neither the US or Canadian regulators require Negative Balance Protection. The maximum allowed leverage is 1:50, and bonuses are allowed in both jurisdictions. The main difference is that Canada does require a Compensation Scheme, unlike the US. Of course, the brokerage must be completely transparent financially.
Now, we have mentioned that we’ve searched the databases of Tier-1 regulators around the world. These include BaFIN, FCA, CONSOB, FMA, FINMA, New SRO, NFA and CBR. Neither of them have any information about Vittaverse. This proves our claim that Vittaverse is an unlicensed broker.
Who are Vittaverse victims?
Vittaverse has been in their illicit business since at least 2022. In this time, they have managed to get into the wallets of citizens from many developed nations. They mostly attract their victims through the combination of competitive prices that regulated brokers simply can’t match, very large leverage of 1:500 and referral programs.
United States
Canada
Turkey
These promises of large financial returns for referring your business associates, friends or even family are well known with con artists. Many Pyramid or Ponzi schemes use these tactics to steal from more people. If you suspect that somebody has been soliciting the services of Vittaverse, or have already deposited money with these swindlers, consider seeking legal help as soon as possible.
Vittaverse’s Leverage and Spreads
Vittaverse openly advertises an exceptionally large leverage of 1:500 for their traders. This includes the majority of trading instruments, such as Forex Pairs and different CFDs. The leverage for Cryptocurrencies is lower, set at 1:10. This seems like the risk is lower, but as you remember, most of the developed countries do not allow the leverage on Cryptos to be higher than 1:3.
We couldn’t find any data on how tight or loose the spreads are at Vittaverse. This information is not shown openly on their website, and you may not see it through a trading application unless you verify your account. The lack of transparency with Vittaverse is yet another reason why we don’t recommend this brokerage.
So far, the most affected nations of the Vittaverse scam are these:
What Types of Bonuses Are There?
Vittaverse does not offer one-time bonuses for any deposits. Instead, this faux broker uses another fraudulent strategy that is even more dangerous. You will see later in our Vittaverse Review how these swindlers require concurrent payments that continually bleed your money. The dream of quick and labor-free income is just that, a pipe dream.
Vittaverse Trading Features
We’ve already reviewed some of the basics, such as spread and leverage. When it comes to trading assets, there is a rather large variety. This includes different CFDs, Forex Pairs and even Cryptocurrencies.
The trading applications are top-notch at Vittaverse, but there are many reasons why you should avoid this brokerage outright. Stay with us as we delve deeper into which bait Vittaverse uses to lure new victims.
Various Products That Vittaverse Offers
There is a very hefty selection of different tradable assets with this broker. The instruments are divided into several categories, with a great number of choices in each. As there are simply too many to just name them, we have created a list of categories with the most popular examples in each.
Here is what you may trade through the Vittaverse broker:
Forex – 103 pairs, including EUR/USD, AUD/CAD, USD/CHF and GBP/JPY
Cryptocurrencies – 136 coins, including Bitcoin, Ethereum, Litecoin, Dogecoin
Indices – 13 assets, including DAX, Nikkei, Nasdaq
Stocks – 119 assets, including Tencent, Apple, Tesla, Honda
Commodities – 16 assets, including Gold, Palladium, Wheat, Cocoa
ETFs – 16 assets, including GLD, USO, VEA, QQQ
Vittaverse Trading Account Selection
Vittaverse only offers a single trading account for their clients. Once you login to the main account, you may create multiple sub-accounts with this broker. Each of these are slaved to the main account. This is done in order to facilitate the various investment plans, of which we will discuss later in our Vittaverse Review.
The minimum initial investment with Vittaverse is $100. The main account is available through all of the trading platforms this broker offers.
There Is No Free Demo At Vittaverse
Vittaverse really tries hard to appear legitimate. Their dashboard does mention a demo account, but there are no options to create such an account. When we contacted the customer support, they directed us to a video tutorial, and indeed it contained the options to create a demo… But it was still unavailable in our dashboard.
It is quite possible that Vittaverse only offers the demo to verified clients who have already deposited funds, but that defeats the entire purpose of a demo. The majority of these scam brokers don’t offer a demo account, and Vittaverse is no different. You will notice that Coinexab employs the same strategy.
Vittaverse Uses Predatory Investment Plans
Investment plans at Vittaverse are made in such a fashion to encourage frequent recurrent payments. This broker advertises a 70-30% investment opportunities, with large returning benefits for successful trades. If you lose funds when speculation, well tough deal. You just lost a part of your benefits.
While the 4 daily lost investments sounds like a risk mitigation plan, it’s a play on your psyche. They use gambling entrapment strategies to make you spend more money in order to remain eligible for a large “investment bonus”! There is even an ongoing competition, with the first prize being a $500 000 in tradable funds injected by the company into your trading account.
Don’t fall for the trap! Their “Evaluation Process” is just another way to make you spend more of your money! 60 consecutive successful trades is an unrealistic target for which even the most seasoned professional traders would struggle to accomplish!
Trading Platforms Available at Vittaverse
You might say that we were pleasantly surprised when we found out that Vittaverse offers the industry standard MT5 and cTrader programs. This doesn’t change the fact that they are a fraudulent company, and you should not take the existence of these trading applications as a measure of honesty.
You should know that the majority of scam brokers, CapitalsWise for instance, use the Web Trader software instead. This platform has poor security, and swindlers use it to their advantage. They purposely tailor the market data to make you lose money faster.
Vittaverse Mobile Trading App
Both of the trading applications that Vittaverse offers are available on all mobile devices. cTrader and MT5 are some of the best trading applications around in this regard. They feature full compatibility with both Android and iOS.
Although this would be a welcome addition to the service of any licensed brokerage, we can’t really say the same applies with regulated brokers.
Vittaverse Withdrawal
Vittaverse Withdrawals are a difficult topic to discuss. There is a minimum currency amount for both deposits and withdrawals with this broker, but they may only be done with different Cryptocoins. These may be stable coins, like USDT or true Cryptos like Bitcoin. These transfers are exceptionally dangerous, as they don’t facilitate the chargeback options offered by more traditional fund transferring mechanisms like Bank Cards.
There are ways to track these transfers, however. Cypher Trace is one of the programs that allows you to find the origin and the destination of Crypto Transfers.
The problematic part comes with the Terms and Conditions, which do not cite any payout circumstances. Without verifying your account, or better said sharing your private information with the con artists, you can’t access deposits or withdrawals in your dashboard.
There are many people who have fallen for the Vittaverse trap, and now find themselves in a bind, unable to withdraw their money. If you have been fooled in such fashion, don’t hesitate to ask for legal help. It’s your money – don’t let the thieves just walk away with it!
Vittaverse Customer Support
Vittaverse customer support is available 24/7. Their agents are very quick to respond, especially through the Live Chat.
That said, they don’t seem to be able to answer your tickets properly. For instance, when we asked about creating a Demo account, the agent seemed completely unaware that the option for a Demo in MT5 is non-functional. They kept insisting that the Demo is available, and that we were doing something wrong instead.
However unreliable these Customer Support Agents are, you may contact them via Telegram, Instagram, Facebook, Email and Live Chat if you wish to.
Final Thoughts: Is Vittaverse a Good Broker or Not?
Although our first impression of Vittaverse was quite good, the thread quickly began to unravel. The more time we spent researching this company, the worse the foul stench of fraud became. The website is top-notch, and seemingly so are the trading conditions… But the company does not have any trading license whatsoever!
Besides the lack of regulation there are ample other reasons why we don’t recommend this broker. Their Terms & Conditions don’t cover the payout conditions, and their funding methods are Crypto only. Customer Support Agents don’t seem to know what they’re doing, and the website does not contain any Spread, Fee or Commission information. The Investment Plans require frequent deposits, and they try to pull more people into the whole scheme through a Referral Program.
If you have by any chance already deposited funds to this broker, you need to consider charging it back immediately. Don’t wait for the last train, and book your free consultation with our recovery agents as soon as possible. Our team of legal professionals is on hand, and we’d like to hear your experience so that we may help many more people who have already been defrauded by Vittaverse. You may connect with our company through Live Chat, for the quickest response, and remember – the first consultation is absolutely free!
What Is Vittaverse?
Vittaverse is an illicit offshore brokerage based in SVG. They are a company that should not be trusted, and if you have already deposited your money, you should consider seeking legal help as soon as possible!
Does Vittaverse Offer a Demo Account?
Don’t believe what Vittaverse advertises on their website, as they don’t feature a demo account for their platforms.
Is Vittaverse a MetaTrader 4 Forex Broker?
Although Vittaverse features cTrader and MetaTrader 5 support, this company does not offer MetaTrader 4 to their clients.
According to the company, Paramount Markets Limited is licensed in Saint Lucia with a number 2023-00643. Thus, with offices in the United Arab Emirates, we would expect much more from this firm.
In any case, they present themselves as a business established 10 years ago and with more than 25,000 traders. If these details are true or not, find out by the end of this FX Paramount review.
Withdrawing funds from this offshore broker is highly speculative considering too many misleading details. If you experience any issues, feel free to contact our refund consultants for refund options.
Legal Info: Is FX Paramount Legit Or A Scam?
First, we have to cover the company’s regulations. FSRA in Saint Lucia has never issued a license to this broker. Even if they did, such licenses don’t authorize them to provide services in any top-tier regulated country. Instead, the company should have FCA, BaFin, CFTC, ASIC, or similar regulations. Of course, they don’t.
Even though the company claims “Trust is their currency,” you can realize it’s all a farce. After all, with non-existent legal documents, you know what to expect here. On top of that, with the alleged 25,000 traders, you can’t find any FX Paramount reviews. This tells you all about their services.
Who Are FX Paramount’s Victims?
Some countries that are the primary targets of this broker require specific regulatory oversight. Yet, this firm doesn’t care. So, if you come from these countries, be careful:
United States
Germany
United Arab Emirates
Turkiye
Another problem is that the company claims to be active for more than 10 years. Yet, the domain they are using was registered in 2016. On the other hand, the other domain fxparamount.trade was registered in 2023. In any case, both of those were updated just recently in 2024. So, if you were one of their victims, get in touch as soon as possible for advice on refunds.
Leverage, Commissions, Spreads, Fees and Taxes
One of the positive things about the FX Paramount broker is its transparency about trading conditions. The potential problem might be whether they will comply with those or not. In any case, traders can expect spreads starting from 0.0 pips, commissions of up to $7 per lot, and even swap-free accounts—except for the Pro account, where the swap rates remain undisclosed.
In any case, the offered leverage goes up to 1:1000. Surely, this is not something any top-tier regulator would accept. Such high leverage can easily wipe out your account balance. This is highly possible if the company uses proprietary trading platforms where they can manipulate such details.
Bonuses
Without transparent legal details, it’s hard to inspect if the company offers any bonus deals. Transparently, not. But once you register, you can expect anything.
FX Paramount Trading Features
One of the advanced options with FX Paramount trading firm is the copy trading feature. This account doesn’t include any commissions, but there will be a 5% platform fee. Sooner or later, you will owe them something. Same as the traders who trusted Tyark brokerage.
Trading Platforms Available
According to the company’s presentation, Meta Trader 5 should be available. However, you learn with experience not to trust anything before you register. So, if you sign up and get anything else except MT5, you know you are getting scammed.
Available Trading Assets
Whatever your trading desires are, you can satisfy them with the assets offered in FX Paramount account types. All in all, you can trade all five major classes:
Forex – USD/GBP, AUD/NZD
Indices – ASX200, DAX30
Commodities – gold, platinum
Shares – IBM, Tesla
Cryptos – ETH, LTC
Account Types
When it comes to the account types, traders can choose between four options. Fairly, none of these look as greedy as you would expect from an unregulated broker. The minimum to start with is as low as $10, and all options are:
Standard – $10
ECN – $100
Pro – $5,000
Copy trade – $300
Mobile Trading App
If you are looking for the FX Paramount app for mobile devices, you’ll have the MT5 download option. However, that doesn’t necessarily mean you will have the option to trade on your account there. The same advice you got for the desktop platform works here.
Demo Account
Generally, when companies have Meta Trader in the offer, they usually offer a demo account. There’s nothing to be hidden. With this broker, that’s not the case, and that raises suspicion if they have MT5 at all.
Unfortunately, many brokerages have the same tactics, as can be seen from our BCInvesting review.
Education
When it comes to education, the company only provides one page with a few answers about Forex and trading in general. If you are looking for webinars, live sessions, or some advanced education, this broker is not the right place for it. Certainly, after this, not even the FX Paramount minimum deposit of $10 is worth it.
FX Paramount Withdrawal
The key concern with the FX Paramount withdrawal is the company’s withdrawal policy. They reserve the right to change processing time without prior notice. So, they can manipulate you all day long. With this in mind, can we trust the withdrawal conditions? Anyway, two options for a withdrawal are available: cryptos and wire transfer.
Withdrawals should be processed within 24 hours, and wire transfers should include a $50 withdrawal fee. On the positive side, cryptos include 0%.
Customer Support
As can be seen, the company advertises 24/7 customer support. Available contact options are e-mail, phone line, and call back request form. If you can’t get in touch with them, there’s only one thing to do. Apply for a refund as soon as possible.
Key Information To Consider About FX Paramount
In the first place, the company is misleading traders about regulations, the number of active traders, and the registration date. That’s more than enough to keep your money away from them. However, with low deposit requirements, copy trading options, and MT5, they can easily attract inexperienced traders.
Hopefully, you will find this FX Paramount review sooner and realize this broker is not genuine. If that’s not the case and your money is stuck with them, contact us immediately for free professional refund advice.
FAQ Section
What is FX Paramount?
FX Paramount is an offshore brokerage based in Saint Lucia and registered offices in the United Arab Emirates.
Is FX Paramount Legit?
No. FX Paramount broker misleads traders about license, registration details, number of traders, platforms, etc.
What Should I Do If a Scam Broker Has My Money?
In those situations, you should immediately report it to authorities and apply for a refund. For refund assistance, you can reach our experts anytime.
