Bridgerock AI purports to be a cutting-edge trading platform with top analytical tools, best trading conditions, and a transparent business model. However, there are no arguments to support these bold claims. 

With virtually no relevant legal information available, we have strong reason to believe that we are dealing with an anonymous scammer, as was the case with Starlight Capital. Our Bridgerock AI Review has all the answers you need.

Legal Info: Is Bridgerock AI Regulated?

Bridgerock AI is a virtually anonymous website with no information regarding the firm’s legal background and regulatory status. The suspicious Terms and Conditions suggest this business was founded in Belize. Yet, the IFSC authority does not have any data on the broker. 

Operating without a trading license is an alarming breach of laws due to the lack of regulatory oversight. Anybody who decides to invest in such a platform will face the risk of losing their funds under unexplainable circumstances. 

Finding a regulated financial service provider is crucial to protect your funds. We advise you to choose companies that are supervised by top-tier financial authorities, including the FCA (UK), ESMA (Europe), CFTC & NFA (US), ASIC (Australia), IIROC (Canada), JFSA (Japan), MAS (Singapore), and others.

Regulated brokers follow strict guidelines and provide safeguards such as negative balance protection, segregation of client funds in top-tier banks, and compensation plans to mitigate potential losses.

Who Are Bridgerock AI’s Targets?

The creation date of the bridgerock.ai website domain is unknown. We have found out in which areas the broker has been active though. According to our research, the financial swindler has been targeting mainly unwary traders and investors who reside in the following countries:

• United Kingdom;
• Australia;
• Spain.

All three are tightly regulated jurisdictions, known for stern laws and meticulous monitoring of the financial market. Their respective regulators make sure to prevent unauthorized entities from running fraudulent schemes.

One common rule they all have in force is that each financial market participant must obtain the necessary license or permit to operate. Bridgerock AI, as mentioned, has no authorization whatsoever. The broker directly violates regulations by offering leverage higher than allowed in these states (1:30).

Trader Reviews – Sharing Experiences

We found mixed Bridgerock AI reviews on Trustpilot and Sitejabber. Several users claimed they were defrauded by the illicit brokerage firm. All the feedback appeared recently so we suppose the website was created in the last two to three months.

Some of the traders pointed out how they experienced Bridgerock AI withdrawal issues. Digital con artists behind the platform are likely searching for potential victims through various social media platforms and by running shady marketing campaigns. 

Therefore, we strongly advise our readers not to share personal information with anonymous accounts and websites. It is crucial to analyze what users say about a certain provider before rushing in and investing considerable money.

Which Trading Platforms Are Available?

Bridgerock AI, like Invest Ehub, offers a polished yet ineffective web trading platform that supports popular instruments such as Forex currency pairs, indices, commodities, stocks, and cryptocurrencies. Although we managed to access the terminal, we couldn’t trade because there was no demo account option, raising concerns. 

Given the provider’s questionable background, it’s likely that the platform is being manipulated to deceive users by displaying fake profits.

For a more comprehensive and transparent trading experience, we urge you to choose a licensed provider that supports reliable third-party software such as MetaTrader 4, MetaTrader 5, or cTrader.

Bridgerock AI account types

Leverage, Spreads, Commissions, Bonuses

Bridgerock AI’s maximum leverage is limited at 1:200, significantly exceeding the European and Australian cap of 1:30. Trading with such high leverage entails enormous risk, as it may amplify both potential profits and losses, thus increasing the chances of terrible financial setbacks.

The platform displayed a competitive spread for the benchmark EUR/USD currency pair, but we find it suspicious. For such a tight spread, the broker surely charges commissions, which were not disclosed. Fraudulent providers often include hidden fees. 

There is a welcome bonus as well. However, it comes with strings attached; the bonus policy stipulates that the “required volume to be reached in order to withdraw a bonus is calculated by using the bonus amount multiplied times at a rate between 40-50,” which is not a desirable clause.

Deposit and Withdrawal Process

The website listed three payment methods that can be used to fund live trading accounts and withdraw generated profits:

• Credit/debit cards;
• Wire transfers;
• E-wallets.

There is a discrepancy regarding the Bridgerock AI minimum deposit; the Home page says you need only 250 USD to start trading but the lowest account tier costs a whopping 5,000 USD! Given the fraudulent aspects of this platform we have outlined thus far, withdrawal issues seem inevitable, meaning victims should consider potential fund recovery methods.

For funds deposited through MasterCard or VISA credit/debit cards, users have the option to request a refund through a chargeback at the issuing bank within 540 days. For wires, initiating a recall is a potential solution, but its success depends on whether the transaction is complete.

Key Facts To Consider About Bridgerock AI

Bridgerock AI is an anonymous website pretending to be a legitimate Forex trading platform. The main targets of this scheme are British, Australian, and Spanish traders. We do not recommend this platform mainly because it is not regulated or authorized by a financial authority. 

In case you have lost money to the Bridgerock AI scam, you must seek our professional help to recover your funds! A chargeback is your best option.

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

Book your free consultation here and start the chargeback process.

FAQ Section

What is Bridgerock AI?

Bridgerock AI is an anonymous brokerage platform offering Forex and CFD trading instruments and high leverage.

Is Bridgerock AI a Legit Broker?

No, this is not a legitimate broker because it is just a bogus website, not a transparent firm.

What is a Chargeback?

To reverse MasterCard and VISA transactions, you can request a chargeback at your issuing bank within 540 days.

If you saw the TRS Markets website trsmarkets.com, then you know that the broker is bragging with many regulations, licenses, and supervisions. Now, if you ever saw any of the regulatory body registers, you know it’s absolutely not true.

Read our TRS Markets review and find out what is wrong with this shady broker.

TRS Markets Regulation and Security

TRS Markets is owned by TRSM LTD, a company based in the UK. With this, we will not argue since the company was registered there in July 2020. However, to provide financial services, you need to have more than a registered company. All the UK-based brokerages need to have an FCA regulation. After reviewing the FCA register, we discovered TRS Markets has no regulation at all. Another statement from the website is that Luxembourg CSSF regulates the broker through connection with Northern Trust Global Services SE. And again, this is not correct. Northern Trust is a legit fund management company not related to TRS Markets in any way.

Now you know you have no reason to trust the TRS Markets broker. They are scammers, such as Glare Markets, LHK-Group and Migo Trade.

Warnings From Financial Regulators

As it usually happens with scam brokerages, some regulator notices their activities. In this case, the CSSF mentioned above from Luxembourg issued a warning stating that TRS Markets is not in any way regulated or licensed by this regulatory body. Also, they warned EU and EEA zone citizens not to fall for the scam.

Another warning came from the Italian CONSOB. TRS Markets is blacklisted, and citizens are warned about their illegal activities.

The financial organization from Hong Kong, FINACOM, received many complaints about TRS Markets and issued an official warning regarding the broker.

Fund Withdrawal Issues

As we already mentioned above, many regulators and financial organizations received complaints about the broker. And most of these complaints are related to withdrawal issues. Therefore, we’ve closely checked the TRS Markets website to discover terms and conditions of trading and withdrawing profit. First of all, the minimum deposit on the main page says to be $250, while in the Account types tab, we found $150. The leverage this broker provides is against any regulatory standards and goes up to 1:1000 for the Forex market. Trades are executed on the MT4 and Standard web trader.

The most suspicious are the payment methods – credit/debit card, wire transfer, and around ten different ways to deposit cryptocurrencies. Withdrawal methods are not even listed, so we can assume they’re the same as for deposits. Once you make your deposit via crypto, the transaction is tough to follow. Be aware of it.

Scammed by TRS Markets?

If you were scammed by TRS Markets, do not hesitate to report it. As you saw throughout our TRS Markets review, you are not the only victim of their scam. The broker has its way to pursue you to make a deposit and start trading. Yet, you are the one who has a way to get your money back. You need to file a dispute and request a chargeback.

But what is a chargeback? It’s a way of refunding your card in case you have been scammed online. 

Contact our support via chat for more details about the chargeback procedure.

What is TRS Markets?

TRS Markets is an unregulated online trading broker.

Is TRS Markets a scam?

TRS Markets has no regulation and is blacklisted around Europe and Asia.

Is TRS Markets regulated?

TRS Markets is not a regulated broker.

The vextrader.com domain belongs to an illicit offshore company. The website owners are having a hard time choosing whether they are an STP broker or an investment firm. The schemers also imply another sister website, vextrader.net, which is completely unaffiliated with the platform.

Doing some research, we’ve found multiple telltale signs of fraudulent activity. The firm is blacklisted by multiple regulators, and all their alleged legality has proven to be just empty claims. Stay with our Vextrader review to learn more about online forex frauds, and how to stay protected.

Completely Illicit Company

As with many other fraudulent firms like MaxProInvest, the scammers are playing the pretense game in an attempt to portray Vextrader legit. The people behind the vextrader.com website are trying to push the idea that the firm is allegedly licensed by FINTRAC and DED.

Any MSB the company had with FINTRAC has since been revoked, while DED never had jurisdiction over investment firms in the first place. The firm is allegedly based in Belize, but it doesn’t appear in the FSC register of licensees.

To find out what’s really happening with this company, we’ve inquired with other regulators. What popped up were fraud warnings by SC, followed up by another one from KNF.

It’s obvious, thus, that Vextrader is not operating an honest business, and that they are likely to take their investors’ money with no chance of a reimbursement. The same goes with any unregulated firm. 

History Of The Scam Domain

The domain behind the scheme was originally used to allegedly sell prepaid MasterCards to the German public. It materialized into the con we can see today in 2019, as you may see in the WhoIs register.

Here you can see where this scheme is most active:

• Malaysia
• Singapore
• Indonesia
• Finland
• India

This company owns a Facebook and an Instagram page, which allows them to influence a lot of people through viral advertising. This allows their boiler room agents to reach out to a large audience.

For them, every method is on the table, from romance scam to unsolicited phone calls and emails, and even threats and extortion. Whichever of these approaches the agents use, the pattern is always the same: ask for a little money at first, and then increase the stakes as the platform shows fake profits.

Sometimes it becomes difficult to resist these persuasion experts. If you have invested any funds with vextrader.com, reach out to our legal experts for a chargeback.

Trading Costs And Fees Remain Unknown

For a regulated firm that the Vextrader owners claim to operate, it wouldn’t be acceptable to be so untransparent and secretive about fees and costs. Not only does the platform not publish any of the fees they so generously charge, but none of the other costs are known either.

Transparent fees and other taxes and commissions are one of the key regulatory standards that a properly licensed company has to meet. As a rule of thumb, you don’t want to invest with any company that doesn’t clearly discuss their trading costs.

Trading Features Are Off Limits

Unfortunately we were unable to test the trading conditions with this platform. Without a proper Vextrader login, it was impossible to check any of the website advertisements first hand. Faux companies like this one and FxOnUs for instance, are not really known for the veracity of their claims.

Managed Funds Program

Instead of typical Vextrader accounts, the website advertises three major investment plans, allegedly in use for years already:

• Matrix – Average monthly profit – 9.66%
• Prism – Average monthly profit – 9.05%
• Paladin – Average monthly profit – 9.47%

The site doesn’t reveal any of the obligatory deposits or other conditions pertaining to managing the investments. All you will find is the talk about the unmistakable automated trading software we’ll further review.

Automated Trading Solutions

Piggybacking on the current AI craze, Vextrader platform is said to implement incredible automated trading solutions. Their trading bots, they claim, are straight out of sci-fi with a nearly infallible algorithmic AI. Of course, it’s all made up, such programs are far removed from reality.

When it comes to the actual software that runs the whole gig- nobody knows what it is. There’s not a single trading program on the site, and app download links on Google Play and App Store are defunct.

CFD And Forex Assets

Several instrument groups advertised as available for price speculating on vextrader.com are:

• Currencies (EUR/USD, EUR/GBP, USD/AUD, USD/CAD)
• Commodities CFDs (Cotton, Coffee, Cocoa, Corn)
• Indices CFDs (S&P500, NYSE, HK50, FR40)
• Spot Metals (Silver, Gold)
• Share CFDs (Airbnb, 3M, Bank of China)
• Crypto CFDs (BTC, LUNA, DOT, DOGE, XRP)

No Payout Policy

The website is silent about any withdrawal policy, and it contains no Terms and Conditions document. In fact, the company doesn’t even mention any info regarding the Vextrader withdrawal whatsoever!

This allows the fraudsters to invent any number of hurdles and constraints in order to prevent a payout. For help with asset recovery, contact our chargeback experts.

Alleged Award-Winning Support

The Vextrader support offices are claimed to communicate with their clientele via:

• Emails
• Phone
• Online Form

It’s questionable how diligent is the client service run by a blacklisted online trading company. Additionally, some other communication methods such as callback and online chat are missing.

Popular brokerage powerhouses provide plenty of choices when it comes to getting in touch with the customer service. In comparison to that, the firm in question remains far inferior.

How To Get Your Financial Loss Reimbursed

The name of the game with this firm is pretense legitimacy. Nothing on the vextrader.com website stands up to any scrutiny, as the company provides no license or regulation for their alleged business. What’s worse, the company has been placed on the blacklist of multiple financial regulators.

Getting your deposited funds out of the clutches of scammers may prove difficult without legal action. Contact our team of professionals through the live chat, and book your free consultation today. With our aid, you too can chargeback your lost money!

FAQ Section

What Is Vextrader?

This is a scam brokerage website that presents false regulatory information. If you’re having trouble withdrawing, please consult our legal experts.

Is Vextrader A Scam Or Legit?

The firm is a total scam, as they were blacklisted by two prominent regulators from different jurisdictions.

How Does Vextrader Work?

The platform demands investments that are supposed to return high profits based on automated trading software.

Tredero is one of the rare brokers that actually opted for the offshore license. However, it doesn’t make it any more legit as FSC doesn’t oblige companies to form a compensation fund. Instead, they are taking money to register the business and leave it at that. Read our Tredero review for further details about the brokerage.

Tredero Regulations and Security

Tredero is owned by Oneplus Ltd from Mauritius and has the FSC regulation. As mentioned, it doesn’t mean much as this regulatory body cannot help clients get their funds back. Tier1 regulators such as FCA and ASIC have a condition of a compensation fund worth around 730,000 EUR from which clients would be reimbursed in case of scams.

With FSC and similar offshore regulators, it’s not the case, so beware of potential trading scams.

In addition, we strongly advise you not to invest in AskForBit, Swissqb247 and CFDAdvanced fraudulent brokers.

Available Trading Software

If there’s one good thing to say, it’s about Tredero trading platform. The broker offers proprietary Web trader, but also MT5, the most recent MetaTrader version with the largest number of indicators.

Web Trader

For those who love web-based platforms, Tredero has a Web trader for FX and CFDs. According to the broker’s website, it contains a vast number of trading tools, including Take Profit and Stop Loss. However, since it’s a proprietary website, it will always be riskier than MetaTrader.

MetaTrader 5 Platform

Advertising it as software for experienced traders, Tredero offers MT5 as well. As mentioned, this platform has a broad range of indicators, charts, and order execution types. At the same time, it’s more secure than a Web trader.

Tredero App

Tredero has a proprietary app corresponding to a Web trader. It’s made for Android and iOS, and there’s a link to download the software on the broker’s website

Fund Withdrawal Issues With Tredero

Since we’ve already explained the issue of an offshore license, we can say it’s similar to having no regulations. Since there is no compensation fund and offshore regulators are hard to contact, brokers like Tredero feel free to scam clients. One of the ways is not processing withdrawal requests and blocking clients’ access to a trading account. If you cannot access your funds, you will never retrieve them. 

If you experience something similar, let us know.

Traders About Tredero Scam

According to Tredero reviews, there’s nothing good about the brokerage. It’s rated as poor on several websites, and clients are massively complaining about withdrawals. There are a few more issues in regards to trading conditions.

So if you try to find out about a minimum deposit, leverage, or spread, you won’t be able to get anything from the website. On the other hand, broker’s employees will evaluate your financial situation and ask for as much as they think you can afford.

Beware of the Tredero trading scam! Also remember the names of the FX Quote 247, ImperialFunding and MyBitChain trading scams and avoid them at all costs! Moreover, always check the background of online trading companies before investing!

How Does Online Trading Scam Work?

Online trading scams, especially those run by offshore companies, start with an overpromising ad. You will see magical software with an over 90% success rate, people becoming millionaires overnight. You might even read an article about all the money someone from your country made. Know that all these are fake posts by the broker itself to promote something they cannot deliver.

Once you fall for fraud such as Tredero, you will struggle to see your funds back. Offshore brokers tend to steal as much money as possible and disappear. Watch for anything suspicious about Tredero broker and report irregularities immediately.

Scammed by Tredero? – Tell Us Your Story

If you were scammed by Tredero or a similar bogus brokerage, let us know. Our chargeback specialists are here to hear your story and help you find the most suitable money-back solution.

But What Is A Chargeback?

This is a way for your bank to reverse the fraudulent transaction within 540 days since it occurred. For further details, contact us via online chat and book your free consultations with an expert. Don’t let scammers run with your hard-earned money!

What Is Tredero?

Tredero is a Forex and CFD online trading provider from Mauritius.

Is Tredero A Scam Broker?

Company has had negative reviews and is suspected to be a fraudulent firm.

Is Tredero Regulated?

Tredero is regulated by the FSC Mauritius and has no compensation fund.

The Liberty International Review starts off by emphasizing the fact that the broker can easily be mistaken for an airline. If not for all the trading features listed on the website, we would’ve thought that we were in the wrong place since we deal we financial providers, not charter flights.

But we’ve got to give it to the shady scammer, it does catch one’s attention. Nevertheless, what is hidden “in the clouds” will soon be revealed and the fraudster’s terminal is getting shut down.

Also, remember the names of the UF Solution, Solar Markets and CoreGeneric Capital trading scams and avoid them at all costs! Moreover, always check the background of online trading companies before investing!

Does The Liberty International Have a Forex License?

Jumping straight to the point, Liberty International does not have a Forex license. Let’s elaborate; the unauthorized broker provided phone numbers for the UK and Canada but in “Terms and Conditions,” it claims to be operating out of SVG. 

However, SVG’s financial regulator does not provide a Forex license and the laws over there are pretty permissive, hence why there are so many fraudulent brokers based in SVG. 

Furthermore, Liberty International obviously targets residents of the UK and Canada but is not licensed by the local financial authorities – the UK’s Financial Conduct Authority (FCA) and the Canadian IIROC.

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

As mentioned, our financial swindler is nowhere to be found on the websites of the FCA or the IIROC. Also, if you check what other Tier 1 regulators such as the German BaFin or the ASIC have to say about The Liberty International, you’ll find nothing.

Therefore, the broker is unlicensed and a threat. Instead of wasting your energy, find other providers that are regulated by the above-mentioned authorities and exist in their registers.

So Is The Liberty International Decent Broker or a Scam?

Liberty International is an unregulated financial swindler. The company falsely claims to reside in the UK, when it’s actually offshore. Numerous negative reviews indicate that it cannot be trusted.

What Trading Software Does The Liberty International Offer?

One thing to notice is that upon clicking on the “Trading platform,” it immediately opens and gives you a preview. Here we see a bare web-based platform with some basic features. If you’re a novice then this may seem captivating to you but in reality, it’s quite basic and unpolished. 

Additionally, manipulating this browser platform is a piece of cake for the scammer. This defrauding playground was probably taken from somewhere. 

The Liberty International Accounts Overview

Let’s take a look at the accounts that Liberty offers:

• Starter – min. deposit ($250), spreads from 1.6 pips;
• Basic – $10,000, 1.5 pips;
• Advanced – $50,000, 1.4 pips;
• Premium – $100,000, 1.3 pips;
• Fly High – $250,000, 0.0 pips.

Invest with this fraud and you can be certain that your funds are up in the air, no pun intended. These spreads are fake since you get 3.6 pips for EUR/USD on the web trader, which is laughably high and unprofitable.

VIP Program

The exclusive VIP program offers custom-tailored services, prioritized withdrawals and constant support. “Let’s reach the stars together,” the unscrupulous broker says. It seems Liberty cannot make up its mind about whether it’s an airline or a space agency and we know it’s everything but legit.

Terms For Bonuses

First we’ll tell you that bonuses are banned by most regulators. Liberty International acknowledges this at the beginning of its bonus policy. However, the clauses that condition bonuses are wicked and alarming.

For example – “all bonuses are available for withdrawal, provided that the granted Bonus has obtained a trading volume of 50,000 times its value,” which basically prevents you from withdrawing since it can’t be determined which profit was made using which funds (bonus or yours).

The Liberty International – Countries Of Service

On the bottom of the website, the broker says it doesn’t “accept traders who are residents of the United States, Cuba, North Korea, Iran and Syria…” Obviously, the target audience is from:

• UK
• Canada
• US.

It seems that Liberty International is keen on luring potential victims in search of offshore providers. But its anonymity should deter people immediately.

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

Leverage, Minimum Deposit and Fees

As usual with investment scams, the leverage for starters (1:100) caps way beyond the legal restriction for retail traders (1:30 to 1:50). The minimum deposit is $250 but what’s strange is that all the info is unavailable unless you contact your account manager. This type of non-transparency is a huge red flag.

There is a minimum withdrawal fee in place of 1% but not less than $/€/£30 and not more than $/€/£300. The minimum withdrawal amount is $/€/£100.

What Is Known About The Liberty International’s Trading Conditions?

• The broker claims that standard account spreads start from 1.6 pips but the truth is they started as high as 6.4;
• The maximum leverage of 1:100 for the standard account is way too high and illegal for retail traders;
• The bonus policy is quite shady;
• Withdrawal clauses were put together to prevent clients from making profits.

Scammed by The Liberty International Broker? – Let Us Hear Your Story

Do not be embarrassed or despair if you’ve been scammed by Liberty International. There are ways to alleviate the situation. The broker accepts payments via credit/debit cards, wire transfers and Bitcoin. Fortunately, each of these methods is traceable. 

How To Get Your Money Back?

• A chargeback can be requested for a card transaction with the issuing bank within up to 540 days;
• A wire transfer requires a recall, which can be performed only if the transaction hasn’t gone through;
• Crypto transfers can be traced to a wallet within an exchange and then you can request a refund from the exchange;

It is crucial to act quickly. Let us help you by reporting the scammer.

What Is The Liberty International?

The Liberty International in our case is an unlicensed and fraudulent broker.

Is The Liberty International a Scam Broker?

The Liberty International is a scam broker since it is unregulated.

Is The Liberty International Available in the United States or the UK?

The firm claims to be available in the UK but not in the US.

Does The Liberty International Offer a Demo Account?

The Liberty International does not offer a demo account on its website.

VanexFX broker operates under the flag of Vanex Global Co. Ltd. This company is allegedly registered in Thailand. However, the company presents itself as Vanuatu-regulated.

Even though they offer trusted trading software, don’t let that trick you. You will have proof now that you shouldn’t trust offshore brokers. Stay tuned in this VanexFX review for more details.

Legal Info: Is VanexFX Legit Or A Scam?

In the first place, the company claims to be regulated by Vanuatu Financial Securities Commission (VFSC).  Yet, searching in their register showed us that Vanex Global Co was not present. Instead, the company is using someone else’s license. In fact, their license number is listed as Vanex Limited in the VFSC register. Yet, there’s no connection to the VanexFX scam broker.

If that’s not enough for you, check other Tier 1 registers like we did. They offer services to US citizens. Therefore, they must have CFTC or NFA license. Yet, they don’t. Neither do they have any other Tier1 license like FCA, BaFin or ASIC.

Who Are VanexFX’s Clients?

According to WHOIS, the company registered its domain in 2020. For such a fresh company, we were expecting way more. Thus, they offer all the scam services you can imagine. Yet, mainly scammed traders are coming from: 

• Thailand
• United States
• Malaysia
• Indonesia

If you are coming from any of these countries, leave a comment below. Ultimately our fund’s recovery team can advise you on the refund process.

Trading Fees, Commissions, Spreads and Leverage With VanexFX

Even though the company claims to offer spreads from 0.1 pips and 0$ commission, it’s hard to believe it. Simply because they openly lied about their regulations. On top of that, the company offers highly risky leverage of 1:500, while in the US, the maximum allowed is 1:50.

Bonuses

Another key fact is that the company offers welcome bonus funds.  Considering that the company is missing legal documents you can expect withdrawal issues. Especially if you accept the bonus offer.

Because mostly you have clauses preventing you from withdrawals. Important to realize is that the VanexFX scam broker offers bonuses of up to $3.000.

VanexFX Trading Features

One of the main advantages of this offshore scam broker is their trading software. In fact, they offer the most reliable option in the industry – Meta Trader  5. With this software, you can forget about manipulations with the data. However, if you will get a withdrawal it all depends on a broker.

Is VanexFX Legit?

In the first place, the company is not regulated. On top of that, there are no reviews about the company. This can only add more suspicions. On top of that, there are o legal documents and a withdrawal policy. Therefore, they are far from legit.

Available Trading Assets

Another key fact is that the company has quite a poor instruments offer. They offer only 3 main categories. But don’t let these things trick you, because some scam brokers can offer way more but still get everything from you. One of the examples you can find in our FinmaxFX review. Anyway, you can choose here between: 

• Forex pairs  – EUR/USD, USD/JPY
• Commodities – WTI Crude oil,    Brent Crude oil
• Indices – DAX30, CAC40
• Bitcoin

Account Types

Surprisingly, the company doesn’t have account type classification. Therefore, everyone gets the same trading conditions. Thus, the minimum deposit requirement is not revealed.

Mobile Trading App

Like any MT5 user, the company has the right to use iOS and Android apps. This is a great sign. However, with scam broker like VanexFX, you should avoid it.

Demo Account

As a matter of fact, the company claims to offer a demo account. However, to get access to it you must complete full registration.  Generally, this is not recommended because you leave your details exposed to a scammer.

Education

Generally speaking, regulated companies offer a variety of educational programs. Starting with blogs, webinars, seminars and even live trading sessions. However, the VanexFX scam broker only cares about your money. Therefore, you can forget about education here.

VanexFX Withdrawal

Vanex FX is one of those companies not offering a withdrawal policy transparently. Therefore, you can expect a variety of issues. Starting with AML laws, verifications, non-existent fees and taxes, but also many more.

To be honest, something like this is expected from offshore unregulated broker. For that reason, it’s important to understand the warnings from this VaneFX Review.

Customer Support

Another key warning sign is the VanexFX customer support. The company offers an Australian phone number but also e-mail. Thus, we believe that the phone number is VOIP service. Often used as a tactic to manipulate traders.

Also, the company claims to offer a variety of social media platforms. However, none of those don’t exist.

Key Information To Consider About VanexFX?

Primarily, the company is lying about regulations. On top of that, they are hypothetically registered offshore. Which means anonymous. Therefore, yo should avoid them at all costs. Especially once you realize that they don’t offer transparent legal documents and withdrawal policies.

In case you were defrauded by this broker, don’t hesitate to contact us. Most importantly, free of charge you can have the first consultation with our team. Getting your money back could be easier than you think. Get in touch today to find out more.

FAQ Section

What is VanexFX?

VanexFX is an offshore broker operating since 2020 but without proper authorization.

Is VanexFX A Regulated Broker?

VanexFX broker is not regulated. Primarily, not domestically. But also they miss out on all the Tier 1 regulations. So, if you experience any withdrawal issues, contact us for assistance.

What Are The VanexFX’s Regulation And Safety Of Funds?

The company is not regulated by any trusted authority. Therefore, all of the fund’s protection features they are promising are completely fake.

A fully virtually anonymous website has little value to offer, like CA Trade Capital. At the time being they do not even accept new clients. Apparently, the fraudster prefers to sort their victims and choose them personally. There’s no location given on the site or a physical address at all. 

The US phone number may as well be fake. Not to mention there’s no word about any license at all for the service they offer. Hence the blacklists by Canadian authorities. But let’s start from the beginning. Read this CA Trade Capital review and be fully informed of the risks you take with this stranger.

Is CA Trade Capital a Scam Broker?

The unimpressive website and absence of crucial data very easily point at the fact that this company is not legit. Because a license is not easily obtainable (and by this we mean the Tier 1 license) every reputable broker brags about it. The anonymous ones like this firm and, for example, offshore brokers like The Traders Domain remain silent.

Another solid proof of CA Trade Capital not being licensed is the public alerts, issued by the jurisdictional financial authorities in Canada. We’ll list them for you in the next section of this review. All in all, both of the warnings make it clear that this broker is not licensed and never was licensed by the regulators issuing the alerts. Yet, as it seems, CA Trade Capital does offer their questionable services to Canadian traders. And many others, for that matter. 

That’s why we’ve checked the registers of most influential regulators like FCA, CySEC, ASIC, BaFin and CNMV. CA Trade Capital appears nowhere. 

 In short, the company is not a company you can trust. Nothing on the website points at the possible existence of a license. Even worse, the firm gives away no reliable address and is blacklisted in Canada. Staying away is a priority.

To even think of applying for a license, a firm has to bring proof of having a certain amount of operational capital. Then they need to implement the highest security measures, among which the segregated bank accounts stand out. 

Following that, leverage is restricted to 1:30 or 1:50 for CA and US. With negative balance insurance and compensation funds, traders can invest with a piece of mind, knowing their capital is not at risk. Ultimately, transparency is crucial and CA Trade Capital shows none. They do not even respect the leverage ratio and offer it at 1:100. So think well before getting involved in this sham. 

Warnings Issued by Financial Authorities 

Our research sources show this company as most active in the Canadian areas. Alas, since they operate without an authorisation, they’ve caught the attention of the local financial institutions. For now, the two jurisdictional regulators have issued warnings against CA Trade Capital. Read all the details here:

• FCAA
• CSA

The Opinions of Traders On CA Trade Capital 

Interestingly, if you go to the TrustPilot page for CA Trade Capital, you will find an alert. It says that the TrustPilot crew has detected a number of fake reviews on this site and has removed them. Thus, after the removal of fabricated statements, not many are left. The ones remaining clearly show the amount of discontent from the customers. Some of them say:

‘’DO NOT TRADE HERE ! DO NOT EVEN SPEAK TO ANYONE FROM HERE !’’

‘’This is a trap. First you put small amount and they will show couple positive trades to convince you to invest more. After they drain your bank by making bad decision.’’

‘’Any 5 stars are fake review. They ask for small money, they show you you can make lots of money, then they ask for a lot more money, then it is impossible to withdraw your money. Big big scam. It’s a no no’’

CA Trade Capital Platforms – A Software Comparison

What this company refers to as their trading platform is nothing more than a chart preview borrowed from the TradingView. It isn’t the first time we see an attempt one such scam makes in order to fake the existence of a terminal. Obviously, CA Trade Capital only wants to create an illusion of trading. No true buying and selling of financial instruments is happening at all. 

To avoid getting involved in such schemes, we highly recommend choosing a brokerage platform that includes premium software, like MT4, MT5 and cTrader.

What Financial Instruments Does The Platform Include?

Previewing the CA Trade Capital distribution implied the next financial instruments to be available for trading:

• Forex (EUR/USD, GBP/AUD, NZD/CHF, USD/JPY)
• Stocks (Bayer, Siemens, Volkswagen, Amazon, Tesla)
• Indices (UK100, DE40, FR40, ES35)
• Commodities (Aluminium, Copper, Cotton, Crude Oil)
• Crypto (ADA, BCH, CAKE, ETH, ETC)

CA Trade Capital Countries Of Service

On the market for just a bit less than a year and CA Trade Capital already has their preferred areas. It seems like the swindler mostly targets English speaking clientele. However, they do not limit their victims only to that group. As the number of complaints show, there are targets from other countries, as well. So far, most of the victims come from:

• Canada
• Germany
• United States

Account Options Offered by CA Trade Capital

Although perhaps fake, the offer of accounts at CA Trade Capital is still advertised as premium service. 

The packages are overly pricey compared to the industry average. And the conditions coming with buying them are unspecified and too vague to describe here. For example, spreads and leverage are only depicted as ‘’most competitive’’. The concrete numbers aren’t given, except the maximum leverage being 1:100. Either way, here are the profile types and their prices:

• Basic – $500
• Pro – $5 000
• Premium – $25 000
• Elite – $50 000

 Can a Trader Use a Demo Account?

While looking for the options to register, we’ve found no such feature that allows Demo account opening. As a matter of fact, opening any kind of account with CA Capital Trade was disabled at the time being. It implies the brokers preference to filter their victims first. 

Usually, traders should be able to get the Demo package and trade for free, while using virtual funds. Not with many fake brokers, though. Trade Capital is another fraud with a similar name and principles. They have too much to hide to allow you to be nosey with their features, so no Demo here, sir.  

Terms of Service for CA Trade Capital 

Anything remotely relating to the legal docs and perspective at the website is the short and uninformative Client Agreement doc. It doesn’t even stand as a separate document, but in the form of a short web presentation. 

It says that the company promises to protect your privacy and rights on one hand, while not allowing automated trading and using bots from your side. Nothing on the concrete conditions, obligations and processing steps. The company has left itself enough room to manipulate data and later renounce the blame completely.

Leverage, Spreads and Fees

As mentioned before while discussing the transparency problem, CA Trade Capital reveals little to no details about costs. Trading costs, maintenance fees and other charges are what every trader demands the broker to be clear about. That isn’t possible with this site. When the circumstances are such, you can expect all kinds of surprise fees and charges. It’s another way this type of fraudsters earn in the first place. 

We’ve already mentioned the leverage ratio being 1:100. The so-called CA Trade Capital platform is just a chart borrowed from TradingView. It’s a question if the parameters given there are truthful. Beginning spreads at EUR/USD are currently set at 0.00020 pips, which is unrealistic. 

What Should I Do If I Have a CA Trade Capital Problem?

The moment you start suspecting your broker of choice is working against you, take the necessary steps to secure your funds. There’s always a chance the criminal has already disappeared into thin air, so it’s crucial to react fast. 

Our dedicated team can organize a free consultation for you and offer support in taking action against scam. Use whichever way you prefer to contact us and book your free consultation today. We don’t judge and we don’t think being scammed is embarrassing. It happens to anyone and on a daily basis. That’s why reacting against such deeds can help many in the future. 

What Is CA Trade Capital?

CA Trade Capital is a fake brokerage firm without a license and completely anonymous. 

Is CA Trade Capital a Regulated Broker?

As the alerts by financial institutions suggest, this broker is not licensed. They offer their services to traders worldwide without any authorization. 

Does CA Trade Capital Have a Referral Program?

The site doesn’t explicitly say if they have this program or not, but the broker does occasionally organize bonuses, promotions and similar programs. 

Does CA Trade Capital Offer a Demo Account?

No, opening a Demo account and trading risk-free with virtual funds for a limited time isn’t available at CA Trade Capital. 

The first sign there will be trouble with this company is a lack of transparency. Information such as legal name, founders, addresses, and contacts remain unknown. Therefore, it’s common sense to be doubtful.

These things play a key role when choosing a place to invest your hard-earned money. If any of these is missing, things might get complicated. However, if you read this Megbitc review carefully, you might stay away from it.

Legal info: Is Megbitc Legit or a Scam?

According to the presentation, Megbitc exchange was founded in 2017 by Justin Hance. However, two different brands have the same presentation – Togbit and Coinlume. On top of that, the company’s domain appears to be registered in September 2023 and not 2017. This is already enough to believe they are nothing but a scam.

Another proof of that is that the company doesn’t have the necessary regulations. Institutions like FCA, ASIC, and BaFin offer licenses for digital service providers. Quite a suitable option for any crypto investor to feel safe. Yet, this exchange doesn’t have any.

Who are Megbitc’s Victims?

Due to crypto transfer anonymity, it’s easy to transfer funds from anywhere in the world. That’s why controlling crypto transfers is very important. Thus, many scam firms find ways to avoid that and still find their victims. Megbitc Bitcoin trading victims mostly come from:

• United States
• Poland
• Brazil
• Mexico
• Turkiye

Even though some might think cryptos are untraceable, there is a way to track your funds. Therefore, if you think this company is holding your money without permission, let us know.

Leverage, Commissions, Spreads, Fees and Taxes

Important to realize is that this firm does not offer spot trading, margin trading, or any similar service. Instead, they are just a basic crypto exchange. Therefore, we can only expect fees related to the transfer and conversion of crypto.

For regular traders, these fees are fixed at 0.2%, regardless of the position (maker or taker). However, Premium users can get a bit lower fees of 0.14%. Still, nothing is admirable when you compare it to some far more legitimate firms.

Bonuses

In general, the welcome bonus is not available with this crypto exchange. Yet, T&Cs reveal there could be bonus programs in the play. 

If you come to that point, just make sure to check the bonus policy first. Otherwise, you might end up trapped. Still, you can read our Crypto Comeback Pro review and find some additional tips on the protection of the funds.

Megbitc Trading Features

As can be seen, Megbitc crypto exchange has tried to simplify its offer. Therefore, all advanced features are excluded. Such as proprietary software, mobile apps, and advanced tools.

In general, not a single reason to trust them about anything. Yet, to be fair, there’s one interesting thing. But possibly not functional. That’s trading signals.

Trading Platforms Available

Generally, scam exchanges often use software that is easily controlled through the back end. This way, companies create non-existent urgencies. 

However, you should know that with some software options, such options are not available. Yet, with Megbitc web trader, it is.

Available Trading Assets

Cryptocurrencies, in their safest form, are one of the most speculative assets nowadays. Imagine when you add to that hypothetical trading with shady exchanges. Even if this company has any credibility, their offer would be considered poor.

Currently, there are only 7 options available transparently: 

• BTC
• ETH
• LTC
• XRP
• BCH
• DOGE
• ADA

Account Types

Generally, account types are optional for investors to get better trading conditions. However, with the Megbitc scam exchange, a Premium account appears to be mandatory. All traders with a balance higher than 0.25 BTC must activate Premium. If not, they won’t be able to transfer any of the funds.

Exactly, that’s where the catch is. Not to mention that deposit requirements, whether for regular or premium accounts, are not revealed.

Mobile Trading App

Trusted exchanges often offer third-party or proprietary mobile apps. Also, a key part of any exchange is the wallet app. Yet, none of these options are available with this scam investment firm. Their reputation is just getting worse and worse. But to see why mobile apps are crucial, read our Loom Investment review.

Demo Account

Since a demo account is not an option with this company, we expected at least platform access. Sadly, none of that is publicly available and transparent. 

Instead, you can choose any Top-Tier licensed broker to learn and understand markets better and trade safely.

Education

Another key fact is that you won’t have adequate educational support with this exchange. Literally, none of the options are available. Thus, that’s exactly what this company wants. Otherwise, you would recognize their tricks from a mile away.

Megbitc Withdrawal

Obviously, withdrawal procedures are fast only for Premium users. Or maybe it’s just a trick to get traders to deposit more money? All in all, withdrawal fees and processing time are not disclosed for any of the accounts. 

If you were expecting to get any money from this company, check their prior brand reviews and see how it played out.

Customer Support

One very disturbing fact is that traders don’t have the option to contact this firm. Possibly, when they sign up, they get invited to encrypted channels like Telegram and WhatsApp. Still, those details remain unknown to the public.

Key Information To Consider About Megbitc

Whatever you look at with this company, you can see warning signs. Starting with missing regulations, a shady platform, expensive costs, and zero contact options. If you want to go deeper into the details, you can.

In any case, there are many ways this company can trick its customers. It’s up to you if you will trust them or not. You are not the first nor last. However, if you get tricked somehow, know there’s a way to track your stolen crypto. Contact our refund experts now and see the magic of CipherTrace.

FAQ Section

What is Megbitc?

Megbitc is just one of numerous trading names used by the same group of people who are pretending to offer crypto exchange services.

Is Megbitc a Legit Crypto Provider?

Definitely not. If they were they would obtain a Digital Asset Service Provider license in the first place and trusted software.

What is CipherTrace?

CipherTrace is a crypto-tracking tool that helps our specialists, among other institutions, to track stealing or illegal crypto transfers. For more information, send us a message.

Is Bluecex legit? The answer is no! The exchange is a deceitful crypto website on a scam spree, just like Elviva Invest. It’s not a legitimate firm abiding by the law or a reliable platform. 

Our Bluecex review exposes their slithering tactics—from bogus crypto-focused company shills to fake promises of free Bitcoin. Read our analysis to avoid falling for their lies and schemes.

Legal Info: Is Bluecex Regulated?

The Bluecex exchange is not an Australian or Maltese entity, as the website claims. These fraudsters are likely operating from some dubious offshore location like Excent Capital, making it clear they don’t follow any regulations whatsoever.

While some offshore exchanges try to skirt the rules, most trusted players still pursue proper licensing to prove they’re on the right page. But Bluecex? There is zero evidence they’ve gone through any of those crucial vetting processes. Although we haven’t found a regulatory warning against them, we discovered a Bluecex complaint stating that the victim had lost $20,000. 

Instead of trusting unlicensed phonies, we recommend you trust firms that are regulated by esteemed financial market authorities such as the FCA (UK), ESMA (Europe), CFTC (US), ASIC (Australia), IIROC (Canada), MAS (Singapore), etc. 

Trader Reviews – Sharing Experiences

We found numerous Bluecex reviews on scamadviser.com indicating fraud. Users claim they have been swindled out of their hard-earned funds. Some outline Bluecex login issues, while others say they couldn’t make a withdrawal. 

“I got into this mess of an investment platform when a lady I met on a dating platform (Jane) convinced me to invest. At first, everything was going well until I requested for withdrawal. Long story short, I was compelled to make more and more deposits for one bogus tax or another,”

– one user wrote. 

All the elements of a romance scam are there. Before investing money online, check what regulators and users say about a particular platform or website to ensure you deal with a transparent entity.

Who Are Bluecex’s Targets?

According to WHOIS, the bluecex.com website domain was created on September 20, 2023. Since then, the shady exchange has mainly been providing illicit services to investors who reside in the following countries:

• United States
• United Kingdom
• Canada
• South Africa
• Indonesia

These states are known for their strict financial regulations and vigilant watchdogs who monitor the markets closely. The U.S., in particular, is known for being extremely demanding. They also carefully examine participants to stop fraudsters from scamming people.

There’s no room for digital con artists like Bluecex. Swipe their website through a scam-detector.com check, and you’ll see it has received an embarrassingly low trust index of 21%. 

How the Crypto Platform Works

There is no Bluecex app for mobile devices or desktops. The exchange operates solely through a web-based platform comprising rudimental tools and an unpolished interface. It lacks advanced features that make crypto trading efficient.

Furthermore, the exchange’s fraudulent status and shady background cast doubt on the online terminal and its reliability. For all we know, it may be rigged and manipulated. 

For that reason, we don’t recommend you use it. Instead, find providers that support reputable third-party software such as MetaTrader 4, MetaTrader 5, or cTrader. These sophisticated platforms offer cutting-edge tools, such as automated trading, live market reports, lightning-fast execution, superb charting, etc.

Fee Structure

When we opened the “Fees” page on Bluecex’s website, we were treated to a blank table. There was no information about the exchange’s trading commissions (maker/taker fees) or the amounts it charges for deposits and withdrawals.

All the site says is that the “first trades,” whatever that implies, are free of charge. How many trades? When do the commissions kick in? These are logical questions one may have, but the only real answer is that the platform is despicable. 

Customer Support

The website doesn’t even offer a page for customer support. Instead, users have an unprofessional FAQ section. Bluecex is not present on social media platforms and doesn’t offer a phone number or email.

There is a disturbing lack of transparency and carelessness. You have no way of contacting them to report an issue or ask a question. Please avoid sending them any money if you value your assets.

Funding Options and Refund Methods

The website hasn’t disclosed which payment methods the exchange accepts, i.e., how to make a deposit or a Bluecex withdrawal. At this point, it’s unsurprising. We’re here to explain how you can retrieve the funds you have sent these virtual tricksters. Three common payment methods are credit/debit cards, wire transfers, and crypto transactions.

A MasterCard or VISA card transaction can be reversed through a chargeback, which you can request from your issuing bank within 120 days of the transaction. Wire transfers can be recalled if the transaction is still incomplete.

Scammers often prefer crypto transactions for anonymity, making it easier for them to avoid detection and continue their fraudulent activities. Reversing crypto transactions is difficult and typically requires specialized tracing software like CipherTrace. Fortunately, our team is skilled at helping victims recover their funds.

Key Information To Consider About Bluecex

Bluecex is a hoax; it’s a fake exchange designed to rob users of their money or digital assets. This scheme’s main targets are investors from the US, UK, South Africa, Canada, and Indonesia. We do not recommend the exchange because it is not operated by legitimate individuals but by criminals after your money.

We offer professional services and assistance if you have fallen victim to the Bluecex crypto scheme and cannot withdraw your funds. Use the form below to book your free consultation with Scam Brokers Reviews.

Book a free consultation with us and start the chargeback process.

FAQ Section

What is Bluecex?

It’s an anonymous website offering fake crypto trading services. The scheme aims to seize your assets.

Is Bluecex Legit?

Absolutely not. The bogus site has already defrauded several investors, so you must avoid using it.

What is Bluecex Used For?

Allegedly, it’s a cryptocurrency exchange. In reality, it’s a fraudulent website collecting money for the scammers.

What we’ve got here is a shady broker with a seemingly perfect website. A lot of key facts have been included there. It’s enough to convince the average person that this is indeed a legitimate broker but the PrevailFX Review has an eye for detail. Thus, we shall expose the dark secret hidden behind the tempting lies of this fraudster and prevent it from prevailing in its scheme.

In addition to the above, we strongly advise you not to invest in Nexta Capital FX, Golden Bridge Capital and RacFX fraudulent brokers.

Is PrevailFX Regulated By a Financial Regulator?

No. Shocker, right? Well, not really and we’re going to tell you why. This is a typical offshore provider, based in St. Vincent and the Grenadines. SVG is a notorious scam haven that houses countless evildoers due to its favorable laws and lack of regulation.

The island’s financial regulator, i. e. the Financial Services Authority (FSA) does not issue Forex licenses, as per its official website. Therefore, a provider based in SVG can be registered with the FSA but that does not guarantee the safety of your funds.

Why Is Trading With a Licensed Broker Preferable?

If you yearn for full security of your money, as well as transparency, you ought to find yourself a reliable and legitimate broker. By that, we mean a provider that is regulated by top-tier financial market authorities such as the FCA, BaFin, ASIC, etc. Our financial swindler, however, cannot possibly fit those shoes because it operates offshore.

​​Is PrevailFX a Legit Broker or a Scam?

PrevailFX is a shady unregulated broker based in SVG that appears legitimate but isn’t. It mainly targets traders from the US, UK and Canada.

PrevailFX Provides Access To Meta Trader 4? – Trading Platform

What better way to attract potential victims than to promise the industry’s best software, Meta Trader 4? Of course, PrevailFX knows this and that’s why it included it. However, there’s one problem here – MT4 does indeed provide traders with all the features mentioned on PrevailFX’s website but that will never compensate for the missing license.

If you attempt to download the program, your PC will warn you about suspicious files. This implies that the software was taken from who knows where.

Trading on PC, Mobile Device and Tablet

PrevailFX claims that its platform can be accessed on multiple devices – PC, mobile and tablet. Regardless of where you use it, the result will be the same. You risk losing money either way. Plus, non-desktop versions of this software may have some issues.

Partnerships – Referral Program

This is a cruel, yet cunning trick that scammers love. Essentially, a referral program requires you to invite friends to join you. As you may have already guessed, by doing so, you are drawing new victims into this scheme.

Partnership programs are actually misdeeds in disguise that are intelligently presented as the real deal to make you develop a sense of being part of something bigger. A bigger evil plot to be more specific.

Introducing Broker

In this section on the website, you can see what we were talking about. You’re promised rewards for every client to manage to win over. This is a shameless attempt to scam as many people as possible.

Multi Account Manager

Trade multiple accounts from a single MT4 interface. That’s what it says. Well, if the previous concept is designed to draw more victims, this one is designed to make you invest as much as possible from multiple accounts in order to fill the scammer’s pocket.  

Which Assets Can The Investor Trade?

Here’s a list of the alleged trading assets with examples:

• Forex – EUR/USD, GBP/USD…
• Indices – GER30, US30…
• Commodities – brent, copper, corn…
• Crypto – Bitcoin, Ethereum, Litecoin…

As you can see, PrevailFX did include all the popular instruments. Provided that you really get to trade these, it’s pretty cool. However, do not forget that you’re dealing with an unlicensed fraudster.

What Do We Know About PrevailFX Account Types, Leverage and Spreads?

Clients can choose from three different account types:

• Standard – $50, leverage 1:500, spread 1.5 pips;
• Pro – $250, leverage 1:500, spread 0.4 pips;
• VIP -$5,000, leverage 1:250, spread 0.0 pips.

PrevailFX went way over its head on this one. Leverage up to 1:500? Do you know how dangerous that is? A novice would probably lose every cent instantly. That’s why regulators limited leverage to 1:30 (UK, EU) to 1:50 (US, Canada) for FX major pairs. Spreads below 1.0 pips are acceptable, anything above it won’t bring profits.

Also, remember the names of the Winnex Consulting, AlphaPrime and CoinmasFX trading scams and avoid them at all costs! Moreover, always check the background of online trading companies before investing!

Demo Account

Every legitimate broker will provide you with a free demo account so you can check out the features. PrevailFX was smart to include one. This implies that the scam broker is patient and will gladly wait for unsuspecting victims to lower their guard. Thus, be careful.

Minimum Deposit and Withdrawal Terms

On PrevailFX’s website, we are told that the fraudulent broker accepts payments via credit cards and Bitcoin. No wire transfers? Strange. Scammers sure love crypto payments. This way, they preserve their anonymity. 

One more alarming fact we’d like to point out is that on the website, there are three instances where a different min. deposit amount is mentioned. First, it says PrevailFX charges just $10 as the minimum deposit. The FAQ section says $25. Finally, the standard account requires you to pay $50. Who’s lying here?

Scammed by PrevailFX Broker? – Let Us Hear Your Story

If you’ve been scammed by this phony broker, we feel for you. However, you must keep your head up and consider ways to get a refund. We can assist you there. Let us tell you more about chargeback and crypto tracing.

A Chargeback And Crypto Tracing?

A chargeback is used to reverse credit/debit card payments. It can be requested within 540 days at the issuing bank provided that you haven’t given copies of your personal documents to the scammer.

Crypto tracing, as the name suggests, will lead you to a wallet within a crypto exchange. Then, submit a refund request to the exchange. It might be a long shot but it’s worth trying.

What Is PrevailFX?

PrevailFX is an offshore financial provider that claims to be based in SVG.

Is PrevailFX a Scam Broker?

PrevailFX is a scam broker because it is anonymous, shady and unregulated.

Is PrevailFX Available in the United States or the UK?

PrevailFX is available to clients from both the US and the UK.

Does PrevailFX Offer a Demo Account?

PrevailFX does offer a free demo account on its official website.