All brokers registered in Australia and the UK should have some sort of credibility. Thus, if there’s no proof of that, it’s highly probable nothing the company offers can be trusted.

Luckily, it’s quite easy nowadays to investigate the company and find out if they are trusted or not. To save time and frustration, simply read this Wealth Trade review if you want your money to be safe.

Legal Info: Is Wealth Trade Legit Or A Scam?

Generally speaking, the company wants to present itself as trusted, yet it doesn’t reveal who owns it. There are no transparent registration and license details even though it claims to be FCA-regulated. On top of all this, it claims to be based in Australia. So, let’s find out quickly if these are all lies or not.

If you check the FCA and ASIC databases and look for Wealth Trade, you won’t find any results. This means nothing this company offers can be trusted, especially its security.

In addition, the company claims to have been in business for 7 years and to have more than 450,000 users. Yet, there are zero Wealth Trade reviews to prove that, even though they falsely claim to have more than 3,000 positive reviews on Trustpilot.

Who Are Wealth Trade’s Victims?

One of the ways to prove they have not been in the business for 7 years is by checking their domain. It appears they have only been around since December 2023. For the time being, they were mainly  targeting: 

• United States
• Colombia
• Spain
• Canada

Luckily, if you are one of their victims, our refund experts can advise you about refund options. For some more tips on how to expose fake investment offers,  check our Toro Invest and Dracomi reviews.

Investment Costs With Wealth Trade

Important to realize is that Wealth Trade investment plans don’t include any fees or commissions. Practically, they are generating your profits completely free. 

But does that make any sense? Definitely not. Fairly, it’s a clear sign they will just keep your deposit for themselves.

Bonuses

Since the company generates free returns for its users, it would be greedy to look for bonuses. Thus, you should be careful anyway because you never know what trick the company might use.

Wealth Trade Trading Features

As can be seen, the company offers investment and portfolio management on its innovative trading platform. However, none of those features can be truly trusted, with zero credibility and no licenses. 

All in all, you can’t expect any advanced options or features, no matter what the company advertises.

Trading Platforms Available

The company’s innovative platform is fairly far from innovative. It’s only available as a web-based solution that can be easily manipulated. To be fair, that’s the only way they can present you with a guaranteed 20% return daily.

Available Trading Assets

Apparently, there are more than 2000 assets available for trading in the Wealth Trade account. Thus, without adequate licenses, it’s hardly believable that any data can be fully trusted. 

In any case, the advertised options are: 

• Forex – USD/GBP, EUR/CHF
• Commodities – gold, crude oil
• Indices – NASDAQ, NYSE
• Stocks – Microsoft, Tesla

Account Types

Once you complete the Wealth Trade login process, you’ll be required to activate some of their investment plans. Every plan requires progressively higher deposits and brings higher daily returns. But can you withdraw returns? We highly doubt it.

Nevertheless, you can choose:

• Basic – $200 / 3% daily / after 24 hours
• Business – $2.000 / 5% daily / after 2 days
• Executive – $5.000 / 10% daily / after 4 days
• VIP – $8.000 / 20% daily / after 7 days

Mobile Trading App

Tracking your Wealth Trade portfolio would be more convenient in trusted mobile apps. Thus, if you check AppStore or PlayStore, you won’t find any. 

Fairly, that doesn’t seem as innovative as the company claims to be. Not to mention, they want us to believe they have won awards for its platform.

Demo Account

The only way to determine whether Wealth Trade is legit is to approve withdrawals. Consequently, demo accounts don’t make much sense here. On the other hand, a trial with a guaranteed refund would be a much better option. Still, without regulations, it wouldn’t make a big difference.

Education

According to the company’s presentation, a video library is offered to users. However, if the company invests on your behalf, do you truly need education? 

In reality, yes. But not the one coming from a scam company. After all, they will teach you only details that suit their scamming activities.

Wealth Trade Withdrawal

The biggest concern with a Wealth Trade scam company is the withdrawal. No matter what profits they present you with, if you can’t withdraw them, there’s no point in investing. In general, companies like these might even allow small withdrawals to happen. But only to make traders believe it’s all legit.

Thus, when traders start depositing more money, they realize they are getting scammed. But what else do you expect from a company that hides withdrawal policies and fees?

Customer Support

Another issue with this investment firm is extremely poor contact options. With only e-mail and live chat available, it’s clear you can’t expect top-notch assistance. Especially if you compare these to top-tier licensed firms that mainly offer direct phone lines.

Key Information To Consider About Wealth Trade

First of all, traders have to remember all details about this company are fake, starting with Australian registration, FCA license, fake Trustpilot reviews, and guaranteed returns. Literally, every bit of a detail is designed to trick you.

And still, we understand if you fall for those tricks. After all, every trader wants quick results. But not all quick results will be real. In case you fall for these fake offers, we strongly advise you to apply for a refund immediately. To get step-by-step guidance, feel free to contact our chargeback experts.

FAQ Section

What is Wealth Trade?

Wealth Trade is an anonymous investment firm that presents itself as a trusted Australian-based firm with more than 500,000 clients.

Is Wealth Trade Legit?

No. Wealth Trade is a fake investment firm with low transparency and no regulatory oversight. In addition, all the numbers presented are completely fake.

Where is Wealth Trade Located?

The company is allegedly based in Australia. If you encounter any irregularity with them, contact our refund experts for advice.

The Cryptex.to scam crypto platform wants to convince you that they’re your one-of-a-kind opportunity to get rich overnight by trading and staking digital coins with them. Without revealing a single piece of information pertaining to their registration and legitimacy, these cons expect everyone to believe their word for it. 

Reality is different and this Crypto.to review will show you how risky it is to trust promising deals that will eventually cost you dearly.

Nothing is Known About the Firm

It remains a complete mystery as to who owns the Cryptex.to exchange and what company the brand belongs to. Legal disclaimer in the footer of the homepage claims that Cryptex is a reputable brand with multiple trademarks, yet the owner of these is still not revealed. 

Nowhere online are there any traces of those behind the scheme, so we had no other choice but to base our investigation on searching through databases of regulators. 

After inquiring with CNMV, FCA, ASIC, NFA, and CySEC, no results were shown. Such anonymous platforms are better avoided, including a notorious fraud going by the name of Abyss World Asset.

Same Ole Crypto Fraud

The Cryptex.to coin staking scheme is based on lies about high returns and staking rewards. Clients from all over the world, including the following countries are convinced that their financial growth should be based on investing in the mentioned fraudulent project:

• Germany
• Switzerland
• Austria
• France
• United Kingdom

While it goes without saying that suspiciously attractive new crypto projects should not be trusted, still many inexperienced investors fall for the lies. 

No matter how promising or alluring the statements of con artists like AI2Trade sound, you shouldn’t fall for them. After all, these miscreants are ready to say anything that would convince you to give them access to your assets.

High Ratings From Dishonest Reviews

Valuable insight provided by the Cryptex.to reviews on Trustpilot considers the fake ratings and more fraudulent tactics that swindlers resort to. Review selling networks are often engaged by unscrupulous exchanges to help them boost their online ratings. This has a strong influence on newbies that don’t read all the comments.

Unfortunately for the schemers, the truth is starting to surface, as defrauded users accuse the firm of stealing assets, displaying false information and impersonating other clients.

Furthermore, some of the targets were asked to pay payout fees in advance, which is yet another sign of scam. If you’re facing similar issues, contact us for recovery options.

Not an Honest Approach to Fees

Scarce information concerning costs doesn’t clarify all the aspects of paying for the company services. There’s zero deposit fees and a default fee for withdrawing in a particular digital currency:

• 10% BTC
• 10% ETH
• 8% ADA
• 10% HEX
• 2% PLS

Except for statements about being free to change these fees at any time without prior notice, the company doesn’t reveal any more details related to charges.

Referral Bonus – Sign of Ponzi Scheme

Clients who have registered for a Cryptex.to login can take part in the referral program. This is advertised by the company as a great solution for passive income. 

The affiliate structure encompasses 20 levels of participants and promises daily rewards. This is exactly the mechanism of pyramid schemes and ponzi scams.

Fewer Features Not Worth the Cash

Besides several staking options for not more than a few coins, there’s not much to discuss when it comes to specialized tools and technology. The platform consists mostly of advertisements of high passive income from referral programs and staking. Other than that, there’s no dedicated trading software or any reasons to invest here.

Only for Ponzi Scheme Participants

To successfully register for the platform, interested clients have to provide an email or username of a so-called “Upline Sponsor”.

This means that only those referred to the company by the existing members can join the community. Otherwise, the portal is closed off for those that don’t have contact with someone who’s already a member.

Simplified Staking Solution

The provided Cryptex.to app isn’t a typical crypto trading software. Instead, it’s only a terminal for fund transfers via digital currencies and a platform used to stake coins. 

Other than that, it doesn’t have any additional options, such as margin trading in the traditional sense. Lack of advanced functions and tools doesn’t quite make this software seem like a prestigious technological solution.

Only Several Assets Available

The Cryptex.to wallet supports only some of the most traded digital currencies. While popular exchanges grant access to hundreds and thousands of coins, this platform can’t exactly say the same. The only few assets available are: BTC, ETH, ADA, HEX and PLS.

Long Time to Payouts

Unless you decide to become a part of the financial pyramid scam and try to earn from alleged referral bonuses, payouts come between 36 and 84 months. That’s how long you stake your funds for. 

The same few crypto coins available for depositing and staking are also used for withdrawals. However, not a single person up till now has been able to withdraw a single cent from this unscrupulous site. As various negative reviews and complaints suggest, the firm steals all of the deposited coins and disappears without ever paying the clients their profit.

Can’t Be Contacted

We’re pretty confident that the platform doesn’t even have a client support office or any similar form of client assistance. Since there’s no communication channels enabled, there’s not a single possible way to get in touch with the help desk. Besides FAQs, nothing else is available if you want to learn more about your problem and how to solve it.

Don’t Wait – Report the Cons to Us!

Passive income indeed sounds like a dream come true – stable earnings without much effort. However, such ideas sold by financial cons and cybercriminals don’t actually help you profit and they’re completely useless. The sole purpose of such advertising strategies is luring victims into the financial trap. 

Don’t become one of the many struggling to pull out their investments from fake crypto investment sites. Contact us today and let our recovery experts handle your case. Don’t forget – your first interview is completely free of charge!

FAQ Section

What is Cryptex.to?

Cryptex.to claims to be a regulated staking platform, while they’re an anonymous crypto stealing scheme.

Is Cryptex.to Legit?

No, this firm owns no operational license and is, in fact, an illicit entity unknown to authorities or anywhere online.

How to Withdraw Crypto From My Cryptex.to Account?

You will not be able to withdraw anything from your account. Better contact our legal advisors and financial recovery specialists for help.

Futile attempts to appear legit and trustworthy can’t do anything for these financial cons any longer. After CBR and Finacom posted their official warnings against the conduct, the empire of lies is starting to crumble. 

Don’t let yourself become one of the victims that has believed the illusion about quick gains. Read this Llds Group review and educate yourself on how to avoid frauds.

False Claims Debunked

As an alleged New Zealand- based online trading platform, the Llds Group broker would need a FMA license to operate legally. However, one look at the database of this financial authority proves that the business has no license.

Furthermore, the fraudsters have put up a forged certificate which they claim is issued by the Financial Commission – an independent self-regulatory organization operating out of Hong Kong. Just recently, this authority has debunked those claims by posting their own public warning about the company. Several days after that one, came the warning from CBR (Russia).

Unlicensed Forex dealers pose a serious threat on your funds and financial future. Therefore, avoid this firm and other frauds like GCXcrypto, and only choose regulated investment portals to do business with.

Mimicking Forex Advisors

Active since June 2023, the Llds Group scam has managed to deceive and defraud countless investors, primarily from these countries:

• Netherlands
• Germany
• Finland
• Switzerland

Bear in mind that sudden phone calls and emails from alleged financial advisors and investment professionals won’t result in anything good. All that these scam agents have to offer you are ways to go bankrupt. 

Of course, this is masked with promises of quick gain and the most competitive trading conditions. Don’t be fooled – blacklisted platforms can’t offer anything of value.

Lies Show Through

There’s practically no Llds Group reviews online that speak anything positive about this broker dealer. Therefore, the company tried to employ foul tactics that include posting fake reviews to deceive the public eye. 

However, the attempt failed. Trustpilot filters detected the false ratings and prevented any more posts due to the rules being breached. The majority of the reviews already uploaded were negative anyway. Clients complained about the rude attitude of the company representatives and funds casually disappearing, never to be released.

Fees Not Fully Revealed

Besides claims about clients being solely responsible for paying all potential fees and costs, the company doesn’t clarify any of them specifically. 

Llds Group trading commission is allegedly only $1 per deal for the cheapest account, while other packages don’t even feature trading costs. Spreads start at 2.3 pips, which is far inferior compared to competition. 

Furthermore, leverage isn’t even shown – neither on the site or inside the trading area. This is another red flag you simply can’t ignore and also detected with N Exchange.

Seemingly Rich in Features but Still Unreliable

Besides a range of packages clients can choose from, there’s also a web terminal that facilitates social trading and also allegedly features signals. 

The Llds Group Forex fraud apparently makes an effort to leave a false impression of a feature-rich portal. However, after a more thorough investigation, we have opposing evidence to show you.

Unlicensed Trading Operations

All trading processes, including closing and opening positions on this platform are not performed on a licensed live server. That is because the company that runs the portal doesn’t have a brokerage certificate. The illicit and blacklisted entity behind the simplistic web app doesn’t want you to earn. 

With the help of data manipulation, swindlers only want to maintain an illusion of profit being accumulated, while none of it is real.

Useless Choice of Assets

Despite how it may seem at first, the trading instruments groups allegedly supported are all for naught. When the trading environment isn’t safe and is just a simulated ecosystem, buying and selling of products doesn’t happen in reality. Anyway, these are some of the instruments the portal claims to provide access to:

• Forex – EUR/USD, EUR/CHF, USD/AUD
• Equities – Bayer, Barclays, Airbnb
• Crypto – BTC, ETH, LTC
• Commodities – Coffee, Wheat, Cocoa
• Metals – Platinum, Gold, Silver
• Indices – DAX, CAC, NIKKEI

Lots of Promises and None Delivered

If you look at any Llds Group account advertised on the website, you’ll find plenty of attractive features that allegedly come with the purchase of the bundle. 

Regardless of how alluring these options and tools sound, you should ask yourself how realistic they are. Lastly, can the company that’s been publicly labeled as scam be able to even provide any of the services? Please also bear in mind that the costs of the packages are far higher than what their competitors offer:

• Basic – $250
• Standard – $1.000
• Silver – $5.000
• Gold – $25.000
• Platinum – $50.000

Phishing For Credit Card Details

The Llds Group withdrawal and deposit procedure seems simple enough, albeit a bit janky because of the poor quality of the website and additional software. The firm allegedly allows clients to make payments or payouts from the platform via bank card, cryptos or bank wires.

The firm requires a way to identify the client each time a payment is effected. This is done by providing the copies or photos of both sides of the card, as well as customer ID or passport. Needless to say, this gives the swindlers all of the information they need in order to clear out entire bank accounts.

Non-existent Customer Service

Customer support can only be reached with a valid Llds Group login. The only method at clients’ disposal is email, done through the “write to your manager” tab in the dashboard. This makes sure that the victims will always end up relying on the people that brought them into the scheme in the first place.

Got Defrauded? We Can Help!

This fraudulent operation has been placed on numerous regulatory blacklists. While the advertisements seen on the llds-group.com website seem enticing, there is nothing but financial ruin to be found on the platform.

Many people have already fallen victim to this notorious online scheme. If you are one of the unlucky traders, contact our legal experts for help. Together, we can fight the cybercriminals back and recover your hard earned money!

FAQ Section

What is Llds Group?

It is an online fraud posing as a forex trading broker. If you need help recovering funds from this scam, book a free consultation with our legal team.

Is Llds Group Legit?

No, the company is completely illegal. It has already been issued several regulatory warnings for their illicit conduct.

Where is Llds Group Located?

The firm is allegedly operating out of New Zealand, but the actual whereabouts of any office remain unknown.

IVG Capital purports to be a long-standing offshore trading brand operating off the coast of Saint Lucia. This company offers high-leverage trading but rather expensive account tiers.

Also, the entire setup seems fishy, just like Wibcoin. We have thus undertaken to analyze the business in our truthful IVG Capital review and show readers why they should avoid using this platform. 

Legal Info: Is IVG Capital Regulated?

The IVG Capital broker has serious issues regarding its regulatory status. While it claims to operate from Saint Lucia and London, it lacks authorization from the offshore regulatory body and the UK’s Financial Conduct Authority (FCA). 

Their alleged registration in Saint Lucia does little to its credibility. Without verifiable credentials from official authorities, IVG Capital’s corporate background and address remain shrouded in mystery. The business is unregulated and, therefore, shady.

Instead of trusting anonymous imposters, we recommend choosing firms regulated by recognized financial authorities like the FCA (UK), ESMA (EEA), CFTC (US), ASIC (Australia), IIROC (Canada), and MAS (Singapore). 

These companies follow strict regulations, ensuring they provide clients with negative balance protection, segregate funds in top-tier banks, and sometimes offer compensation schemes.

Who Are IVG Capital’s Targets?

According to WHOIS, the ivgcapital.com website domain was created on August 24, 2021. Since then, the digital tricksters behind the platform have mainly been targeting unsuspecting traders and investors from the following jurisdictions: 

• United States
• United Kingdom
• South Africa
• Australia
• Portugal

These countries have put some pretty strict rules in place to keep online scams such as Bitforex at bay and make sure their financial markets are locked down tight. Participants need proper licenses and approvals to operate legally. 

IVG Capital, however, doesn’t seem too bothered about playing by the rules. They’re just running their business without regulatory green lights, thus violating the law.

Trader Reviews – Sharing Experiences

We found 15 IVG Capital reviews on Trustpilot. As of this writing, the broker received an average score of 4.5/5. Although the website has been active for nearly three years, the positive comments started appearing just this year, which is suspicious.

On the other hand, other analyses of this platform have arrived at the same conclusion as us – it’s a hoax designed to rob users of their money. With that in mind, we believe the positive feedback is dishonest, i.e., incentivized.

When looking for a reliable brokerage platform, it’s crucial to listen carefully to the experiences of other traders and investors. Their honest reviews and feedback can provide valuable insights and help avoid scams. Before diving into any new financial opportunity, take the time to read through genuine user reviews and check regulatory warning lists as well.

Which Trading Platform Is Available?

The IVG Capital platform is quite basic—it’s just a web interface with no dedicated desktop or mobile app. The tools seemed ineffective, and we couldn’t even test the platform properly since the IVG Capital login page blocked us. But that’s not the most significant issue here.

The real problem is that the phony broker has proven to be a murky business. With its questionable background and lack of regulation, using its trading platform would be risky. It’s best to steer clear and avoid its trading terminal altogether.

We recommend opting for a licensed provider that supports reliable third-party software like MetaTrader 4, MetaTrader 5, or cTrader. These platforms offer advanced tools like automated and algorithmic trading, sophisticated charting, multiple timeframes, live market reports, and expert advisors.

Trading Info – Leverage, Spreads, Commissions

The minimum cost of opening an IVG Capital account is 1,000 USD, significantly more than what reliable and licensed brokers charge. The spreads and commissions seem favorable, provided they are real and not just a ruse. 

As for the maximum leverage, the dishonest broker promises 1:500, which is exceptionally high. When it comes to leverage trading, don’t rush into it unless you’ve got a lot of experience. High leverage can be super risky and lead to significant losses, so there are strict limits for retail clients in Europe and Australia (1:30) and North America (1:50).

Can Traders Use a Free Demo Account?

Yes, the IVG Capital demo account is available. It’s always best to try the platform with virtual funds before investing real money. That way, you can get ahead of the fraudsters and their shady tactics. However, the problem is using actual funds.

You shouldn’t risk your actual cash from day one. Reputable brokers understand this and always provide risk-free demo trading. Why gamble with an untrustworthy platform when you can find proven platforms?

Deposit and Withdrawal Process

The website lists several payment methods for depositing and withdrawing funds:

• Credit/debit cards
• Wire transfers
• E-wallets (Skrill & Neteller)
• Cryptocurrencies

While depositing funds may seem easy, getting your money back out through withdrawals is entirely different – fraught with complications. If you cannot secure a withdrawal, it’s time to explore alternative avenues to recover your funds.

Suppose you initially funded your account using a MasterCard or Visa credit/debit card. In that case, you can attempt to initiate a chargeback through your bank, provided the transaction occurred within the past 120 days.

For wires, you can recall the transaction through your bank, but only if the funds haven’t already been siphoned into the scammer’s account. Reversing e-wallet payments requires contacting the issuer directly and requesting a chargeback.

Retrieving cryptocurrency payments, however, is an infinitely more arduous undertaking. Recovering stolen digital assets requires advanced tools like CipherTrace and professional assistance. Fortunately, our experienced team is here to guide you through this intricate process.

Key Facts To Consider About IVG Capital

IVG Capital claims to be an offshore trading brand that offers users high leverage and a web platform. However, the business is unregulated and, therefore, uncertain. The main targets are American, British, South African, Australian, and Portuguese traders.

We do not recommend trading on such platforms due to their unregulated status. If you are a victim of the IVG Capital trading scheme, 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 IVG Capital?

IVG Capital is an offshore trading brand promoting web Forex/CFD trading with high leverage.

Is IVG Capital Legit?

No, this platform is not reliable. It is not regulated and has no license to operate in the markets.

Where is IVG Capital Located?

IVG Partners Group Ltd claims to be incorporated in Saint Lucia, an offshore tax haven with lax laws and poor regulations.

The Millbank Capital broker claims to be a leading hedge fund, based in the heart of London. If that sounds impressive, wait till you see what the leading Australian regulatory body has to say about this monkey business. 

Despite blatantly lying about their regulation and legitimacy, this Forex dealer shouldn’t be trusted and we have solid proof for that. Keep reading our Millbank Capital review to find out why we don’t recommend this false online financial service provider.

Regulators Quickly Detect Scam

As an alleged part of a bigger reputable corporation, the Millbank Capital scam states to be headquartered in London, UK. This blatant lie is easily debunked if you look at the FCA register of regulated firms – no such entity has entered this database.

That is not the end of the lies for this swindler. Apparently, they are neither operating out of London, or regulated at all. Looking through several other registers (CNMV, BaFin, CySEC, NFA, ASIC) we only found warnings. 

The Millbank Capital Australia scheme was exposed by the regulatory body in charge of overseeing the brokerage activities in that country – ASIC. A day later, the alert was reposted by IOSCO. 

All this evidence points to the fact that the company is not reliable. Moreover, it doesn’t protect clients’ funds and displays predatory tendencies, just like Sure Trade Group which also claims to operate from London.

Complaints Filed From Every Corner

In spite of the site being established in 2016, it was only updated in 2023 to serve for fraudulent financial purposes. 

Another solid proof of the company being anonymous among Forex investors is the fact that there’s no Millbank Capital reviews found online. However, there are complaints against this unscrupulous firm and they mostly come from traders residing in:

• Australia
• New Zealand
• United Kingdom
• United States

It seems that the scam operators have set their sights on English speaking investors. Boiler room agents are unstoppable when it comes to endless phone calls and spam messages. 

If you give them even a moment of your time, they will do their best to convince you to invest in their scheme. While you will be depositing huge sums and expecting a large payout, you will end up empty handed.

Broker Pays All Costs?

Legal documentation found on this site couldn’t be more misleading. A short section that refers to fees, states that the broker doesn’t charge fees and commissions for executing trades. 

Furthermore, the platform also doesn’t charge any fees for deposits and withdrawals. The broker dealer also claims to be solely responsible for covering the fees from third parties, such as banks during wire transfers.

While all this seems attractive and generous, it can’t be true, coming from a blacklisted online trading portal. Another evidence of the firm operating unsupervised is increased leverage ratio of 1:400.

Features Can’t Be Viewed

Since only Millbank Capital login is available and new members aren’t accepted, no one can register for an  account at the time being. That has prevented us from accessing the trading area and exploring the trading technology – if any was available at all. 

That isn’t the only downside, however. Buying any of the accounts offered will cost you dearly, keep reading this review to see why. 

User-Friendly Yet Hidden from Users

The Millbank Capital platform is described as easy to use, comprehensive and intuitive. While there’s advantages to using web traders since you don’t need downloads or installing, there’s also huge risks. 

You see, plenty of unregulated brokerage schemes like CFX Fund rely on manipulated web terminals as a part of the deception. Easily modified, these simplistic trading solutions are used to maintain an illusion of trading, while nothing happens in reality.

Hundred Assets – Inaccessible

Out of several allegedly available groups of tradable assets, we couldn’t verify the presence of a single one since there’s no platform to look into. These are the instrument groups supposedly provided:

• Shares – Boeing, Barclays, Porsche
• Indices – FR40, HK50, AUS200
• Commodities – Cotton, Sugar, Silver
• Forex – EUR/USD, USD/GBP, EUR/AUD
• Cryptocurrencies – BTC, ETH, TRX, XRP

Accounts Grant no Benefits

If you intend to buy a Millbank Capital account, you should be prepared to pay a ridiculous sum that even millionaires frown upon. It is claimed that these packages contain premium service, market insights, support around the clock and other alluring features. 

Don’t forget this is a blacklisted portal we’re reviewing, though, so it’s no wonder they lie about the services yet overcharge them:

• Starters Account – $ 10,000
• Silver – $ 25,000
• Gold – $ 50,000
• Platinum – $ 100,000
• Diamond – $ 250,000
• Corporate – $ 1,000,000

Reasons for Blocked Payouts

When it comes to the Millbank Capital withdrawal policy – there’s none. Instead, there’s some partial and insufficiently clear information posted as a part of legal documents. For example, the broker hints potential trading volume requirements, but has entirely forgotten to clarify if bonuses are available.

As we’ve previously suggested, the con claims not to charge withdrawal commission, but that is just an empty promise. These financial swindlers tend to pile all sorts of taxes and fees to get your account balance to zero and prevent you from withdrawing, so beware.

Wrong Contact Details

Getting in touch with the praised Millbank Capital support office is practically impossible. All of the phone numbers are inactive and the email address won’t accept new messages. So much for the alleged 24/7 customer assistance.

Share Your Experience and Recover Funds!

Due to the increased number of Millbank Capital complaints, ASIC has conducted an investigation of this suspicious online trading platform and discovered an illicit operation. This should be enough to keep anyone from investing into this deal.

However, if you have already committed your funds to this portal and were robbed in the process, there’s still hope. If you contact our recovery professionals promptly, you can tell us what you think about this firm and we’ll do our best to properly advise you in the chargeback process.

FAQ Section

What is Millbank Capital?

The company is a false online trading firm that posts claims about being licensed, yet isn’t.

Is Millbank Capital Legit?

As a matter of fact and in contrast to their claims, the conduct has been blacklisted. If you’re having issues with withdrawals, contact us immediately.

Who Owns Millbank Capital?

The company allegedly belongs to a bigger conglomerate called Millbank Capital Group.

Managed portfolios in this firm are allegedly built by financial experts and target sustainable, long-term income. This is probably how every single textbook fraudster advertises their unlicensed services. After all, who wouldn’t like a stable income with minimum effort? 

Things work differently in reality, so better read this META OTC review if you don’t want to become another victim of these notorious swindlers.

New Fake Regulator in the Game

The fake Forex provider which goes by the name of META OTC broker claims to be operated and owned by a company called OTC LIMITED, allegedly located in the UK. Looking through the database of the regulatory body in charge of supervising brokers, FCA, we found only one similar company – OTCX Trading Limited. 

However, it’s clear that this entity is a regulated firm that has nothing to do with the first mentioned scammer. The official website of the licensed conduct is otcxtrading.com and not meta-otc.com. To support their claims, the con artists claim to be registered with a suspicious and entirely illicit regulator – Ifinma.

On the other hand, the fraudulent broker claims to be operating under the laws of Estonia, but is also blacklisted by the regulator in that country (FI) along with CNMV, FSMA, IOSCO, and AFM. This is proof enough about the firm being a scam, so better avoid them along with NOOBEX.

Who Are They Aiming to Entrap?

The website states that the firm has been ruling the online financial markets and putting clients first since 2016. However, it is apparent that the scheme has been operating since 2023 and is relatively new in the Forex world. Lack of META OTC reviews is another proof of their anonymity. 

The illicit business has been employing aggressive advertising strategy on clients from various countries, though, including but not limited to:

• Italy
• Mexico
• Chile
• Spain
• Greece

Most common tactics that quickly turn interested traders into financial hostages pertain to high passive income and unrealistic returns on investment. 

So if you get an unsolicited phone call or email from this firm, make sure to break off all contact and contact us for help with recovery if needed.

Fees are Only Hinted

Every piece of information provided by this firm about META OTC trading fees concerns promises about free service and lowest costs in the industry. That couldn’t be any further from the truth because the company is completely untransparent and dishonest about the whole subject. 

Therefore, fees could only be found as vaguely mentioned in the legal documents. For example, it is said that deposits and withdrawals are subject to processing and handling fees, but they remain unrevealed. Only the inactivity fee of 10% monthly is somewhat better defined.

When it comes to the trading parameters, leverage is said to be up to 1:500 and trading commission just 0.08% which attracts customers seeking for higher trading exposure.

What to Expect

Signing up for a new META OTC login is a quick and not an overly demanding process. Once that is complete, clients get access to the trader’s dashboard and software.

However, performing any other operation is halted until you confirm your identity. For an anonymous platform to ask for users to reveal their sensitive information is just outrageous.

Poorly Designed Trading Area

Attempting to trade on the rudimentary META OTC app is useless until you deposit. However, from the looks of the platform itself, you get a pretty clear idea that the whole deal is not worth your money. 

You see, the overly simplified software only leaves an impression of being intuitive and user-friendly. In actuality, it is so heavily devoid of any functionality and analytical tools. In essence, it doesn’t differ from a common, heavily manipulated webtrader that AGIMX scam uses.

40.000 Promised Assets

It’s obvious that the site is trying to impress potential future clients and unsuspecting victims by promising a lot. One of the elements of the lies is certainly the asset availability.

Out of everything that is supposed to be available, we only located several instruments for the following groups:

• Forex – EUR/USD, AUD/NZD, CAD/EUR
• Index – FTSE100, S&P500, JPN225
• Commodities – Coffee, Sugar, Wheat
• Shares – Alcoa, Coca-Cola, Boeing
• Crypto – BTC, ETH, LTC

Zero Account Variations

To urge their clients to deposit real cash immediately, these fraudsters have only enabled the default live trading account. Not even separate account types or packages exist. 

Demo account also isn’t available as you’re instantly required to deposit. The minimum deposit requirement or what features this one live account unlocks are not made public. 

Illusion of Education

There’s a whole separate section of the website that promotes seemingly rich learning materials. It appears all of it is locked behind the sign up page. 

Sadly, even after we created an account we weren’t presented with any learning options. It seems like this feature isn’t even there, it just exists as an advertisement to motivate clients to open an account.

Scammers Don’t Allow Withdrawals

Instantaneous and allegedly fully automated, the META OTC withdrawal should be the fastest form of payout we’ve seen yet. Whatever these miscreants advertise however is significantly different from reality. With hidden fees and trading volume requirements lurking behind every corner, don’t expect to be able to withdraw a single penny from your account.

Bank transfers and crypto payments are said to be the accepted funding methods, but we couldn’t verify these statements. Processing time is estimated to 10 days, which is just too suspiciously long for today’s age and technology.

Fake Contact Data

You can hardly get in touch with a company that claims their phone number to be “+4444444444”. Information like this is proof of a sloppy illicit firm that doesn’t care about their customers. You can try and contact them via email, but you’ll probably get no answer.

We Help Victims of Fraud!

If you’re still wondering something like: “Is META OTC legit?”, the answer is negative. With false registration information and multiple regulatory warnings issued against this business, it’s clear their intentions are not honest and fair. 

Therefore, contact our recovery specialists promptly and enjoy the best chargeback services there are. Our first consultation costs nothing!

FAQ Section

What is META OTC?

META OTC is a fraudulent broker, only registered with a fictitious authority and presenting false corporate information.

Is META OTC Legit?

No, the fake regulation and regulatory blacklists prove the conduct to be illicit and anonymous.

How to Withdraw Money From My META OTC Account?

In order to be able to perform transactions, you will need to verify your account, which we don’t recommend you do. If you are facing difficulties, however, contact our recovery specialists immediately.