Garantio Finance is a relatively new crypto broker on the market. The company claims to offer the ultimate crypto bot, ensuring you will profit from the digital currency market. However, even crypto trading firms have to be regulated. There’s a mismatch in the information regarding Garantio Finance’s regulatory status, which we will present in this review.

Also, we recommend you not to invest in the fraudulent brokers Green Capitalz, Geneticrypto and Bontobel.

Is Garantio Finance a Licensed Broker?

Under the Terms and Conditions, Garantio Finance claims to be a brand of Invest PTY LTD, a brokerage registered and regulated in Australia. However, our research didn’t find any connections between legitimate brokerage and garantio.finance. 

Furthermore, none of the praise reviews mentions Garantio Finance’s regulation. It’s pretty suspicious since every legitimate firm points it out as the first benefit of trading with them.

In the end, we searched through the ASIC register and didn’t find any mention of the Garantio Finance broker. 

How Unsafe Is An Unlicensed Broker?

Unlicensed brokers provide no money-back guarantee, no negative balance protection, and are not transparent when it comes to trading conditions. Garantio Finance claims to be Australian-based, but the only way to contact the firm is by using a phone number with the country code of Bermuda. Our best guess is that the trading company is another offshore crypto cyber-fraud you want to avoid.

So Is Garantio Finance a Decent Broker or a Scam?

Garantio Finance claims to be regulated by the Australian regulator ASIC. However, our investigation showed differently. Garantio Finance broker cannot be trusted.

Traders’ Experience With Garantio Finance

You will find a lot of praise if you check Garantio Finance reviews in Trustpilot and similar websites. Note that illicit brokers usually write their own reviews at the beginning to attract more customers. 

Since the firm doesn’t have a single bad review, it clearly indicates that these reviews are dishonest. Even the most regulated brokers have unsatisfied customers. It comes with the business.

What Platforms Does Garantio Finance Offer? – Available Trade Software

The broker offers a proprietary WebTrader, allegedly fully synchronized with MT4. While this may be true, it only means that you can access the web-based MT4 for social trading and copy trades from other investors on the market. This doesn’t mean you will be given all the perks you would typically get if the firm offered real MT4.

Therefore, even the trading platform is not a good excuse for you to start trading with this fraudulent firm. One WebTrader will never provide you with enough charts, indicators, and other advanced features available on MetaTrader4 and MetaTrader5.

All About Garantio Finance Accounts

Customers have access to 5 Garantio Finance account types. They are:

• Student Group – 250 EUR
• Intermediate Group – 2,000 EUR
• Advanced Group – 5,000 EUR
• Crypto Group – 1 BTC
• VIP – Contact Account Manager

Besides the increasing deposit requirements, accounts differ in education sessions, account manager assistance, access to automated trading, and available market areas.

Also remember the names of the 5Markets, AreaTrading and Soltechx trading scams and avoid them at all costs! Moreover, always check the background of online trading companies before investing!

Live Trading

Garantio Finance claims to offer classic Live trading, automated trading, copy trading, and crypto exchange. Since it offers only a web-based platform, it’s hard to imagine the quality of EAs or social trading. Since there’s no Demo account and we were unwilling to invest a penny with this shady scheme, we cannot say more besides what the website gives us.

Garantio Finance Range of Trading Instruments & Markets

Since the firm allegedly offers the best crypto bot, this is the only available trading asset – cryptocurrencies. Customers can invest in the most popular digital coins, including:

• BTC
• ETH
• XRP
• LTC, and more

Note that a solid range of coins doesn’t necessarily mean that the broker is good.

What Trading Terms Does Garantio Finance Provide?

The broker doesn’t say much about trading terms. We know nothing about spread and leverage, meaning proper risk management is impossible. Furthermore, the Terms and Conditions don’t provide sufficient information regarding trading costs and withdrawals.

Thus, all this is proof that the firm is not actually licensed in Australia. Legitimate brokers follow strict rules and are very transparent regarding trading terms.

Deposit, Withdrawal Methods, And Fees

According to the T&C, this trading brokerage accepts the following payment methods:

• PayPal
• Debit/credit cards
• Wire transfer
• Cryptocurrencies

However, upon registering an account, you’ll be allowed to invest only through Bitcoin. This is the preferred investment method for scheme brokers since crypto transactions are virtually impossible to trace and chargeback is not applicable. 

The firm charges an inactivity fee of up to 100% in case the account is automated and the customer is not trading alone, they do not answer to the broker for longer than 3 months, and the company thinks that account maintenance costs exceed the value of the account. All in all, they can take everything you have just because you don’t pick up your phone.

Customer Support – Communication Channels

Broker customer support uses different communication channels to reach their customers. Usually, they’re approaching potential and existing clients through phone calls and emails. So, if you do not answer, you may receive various offers through WhatsApp or social media accounts.

The best thing you can do for yourself and your funds is to avoid the Garantio Finance scheme.

Scammed by Garantio Finance Broker? – Let Us Hear Your Story

If you have been involved with Garantio Finance, there’s a high chance you lost your money due to a scam. In such a case, contact us for assistance with the refund procedure. 

Our experts have vast experience dealing with crypto scams, tracing transactions, and finding perpetrators. Contact us immediately, and let’s start working on your case before the broker vanishes with your hard-earned money.

What Is Garantio Finance?

The broker is an unregulated crypto trading platform pretending to be legitimate.

Is Garantio Finance a Scam Broker?

Garantio Finance is a trading scheme that provides customers with false details about the company owner and regulations.

Is Garantio Finance Available in the United States or the UK?

The broker operates in the UK but not in the US.

Does Garantio Finance Offer a Demo Account?

No, Garantio Finance doesn’t offer a Demo account, only Live trading.

Trading can be quite a profitable endeavor if one knows what they’re doing. Most people who are new to the market rely on their broker to assist. But sometimes, these brokers are dishonest and can do more damage than help.

One such will be elaborated on in our detailed TradeMarketsPro review.

Is TradeMarketsPro a Trustworthy Forex and CFD Broker?

TradeMarketsPro is an anonymous online trading brokerage without a license. We’ve tried searching through their legal documents for any helpful information about the owner, but we found nothing.

In the Contact Us section, the company mentioned a UK address. Any brokerage firm that wants to provide trading services from the UK must do so with FCA approval. The Financial Conduct Authority is an official regulator of the country, requiring brokers to maintain a minimum capital of 730,000 GBP, invest in the compensation fund of up to 85,000 GBP per account, and limit leverage for retail traders to 1:30.

TradeMarketsPro says to be based in the UK but has no FCA license. The company is relatively new but has already earned a negative reputation.

Another important thing that FCA requires is transparency. Namely, investors must know who they are dealing with and under which terms. With TradeMarketsPro, we have no such details, which is proof of this company’s illegal status.

Where Does the Broker Operate? – Countries Of Service

The domain of the company entered the GoDaddy WHOIS database on the 18th of November, 2022. Since then, the company has been placing ads all over the internet.

There are two countries that are the main targets of the TradeMarketsPro scam. These are:

• Australia and
• Sweden.

The broker is also targeting other areas, but not as much. Wherever you reside, be vigilant and stay away from fraudsters.

Trading Software Comparison

Now that we’re clear on where let’s see how. How does TradeMarketsPro conduct its fraud?

The company uses only one trading platform, and it’s the most basic WebTrader. You can review assets, place pending orders, or execute your trade immediately and see several charts. Nothing special and nothing advanced.

With a WebTrader, you depend on the internet connection and the speed of your browser. This is why most legit brokers offer third-party solutions, such as MT4, MT5, or cTrader. With each of these, you have many more features. In addition, you can use them through a desktop or a mobile app.

What Financial Instruments Can You Trade?

This brokerage gives access to five asset classes, those being:

• Currency pairs – EUR/USD, GBP/NOK, AUD/SEK
• Commodities – gold, silver, crude oil
• Indices – AU200, BE20, NASDAQ
• Shares – Amazon, Apple, Google
• Cryptocurrencies – BTC, BCH, USDT

Since crypto CFD trading was banned in the UK in 2021, this is yet another proof that the company cannot offer legal trading services in the country.

Leverage, Spreads, and Fees

The leverage is nowhere to be found, while the company advertises different discounts on swaps and commissions. However, they don’t specify the initial amount you will have to pay. All in all, it seems as if you need to invest first, then find out about trading expenses.

Account Types Offered by TradeMarketsPro

Customers can choose from one of the four account types this brokerage offers. These are:

· Basic – $250

· Gold – $25,000

· Platinum – $100,000

· VIP – $500,000

Each higher account brings in more margin loans, sessions with a market analyst, swap discounts, and more assistance from the company side. However, it’s not remotely enough to justify paying money to an unlicensed scheme broker.

Can a Trader Use a Demo Account?

Another thing we’re missing is the TradeMarketsPro Demo account. You cannot use the free trial because you’d understand how lousy the offer is.

While the brokerage promises user-friendly, flexible, and secure trading, you have no safety of any kind. If something goes wrong, you cannot file a dispute with the regulator or get reimbursed from a compensation fund.

Are Legal Documents Really Legal?

There’s not much information in the Terms and Conditions, while the Privacy Policy is even more obscure. You can find some basic things about trading, presumably taken from similar scam sites, such as Bitchain.

However, you won’t find anything about legal jurisdiction, the owner you can name in a lawsuit, or similar. As a matter of fact, such legal documents without any legal points further prove that TradeMarketsPro cannot be trusted.

What Should I Do If I Was Scammed by TradeMarketsPro?

If TradeMarketsPro scammed you, it’s crucial to start legal action immediately. You must request a chargeback or any other type of fund recovery.

Since this company didn’t list available payment options, we advise you to consult with professionals. We’ve been working on fund recovery for years and have assisted numerous clients so far. Therefore, don’t hesitate to book a free consultation and share your story!

What Is TradeMarketsPro?

TradeMarketsPro is an anonymous unregulated trading brokerage allegedly based in the UK.

Is TradeMarketsPro Available in the United States or the UK?

The firm is available in the UK but doesn’t offer services to the residents of the US.

Is My Money Safe With TradeMarketsPro?

Since the broker is unregulated, there are no guarantees that you will be able to withdraw your profit from the TradeMarketsPro account.

Upon receiving numerous complaints about BUX Forex, we’ve decided to review their business. The broker started operating in June 2022 and has already shut down its domain. Typically, when something like this happens, it’s clear that the brokerage was founded with one goal – to extort as much money as possible.

Read our comprehensive BUX Forex review to find out more.

In addition, we strongly advise you not to invest in GFE Markets, RevolutExpert and Pibexa fraudulent brokers. So don’t fall for these dishonest scam brokers!

Is BUX Forex a Licensed Broker?

BUX Forex claims to be owned by BUX Financial Services Limited, based in the UK. This company has an FCA license and is perfectly safe to trade with. 

However, the issue is that BUX Forex is unrelated to a regulated brokerage. BUX Financial Services Limited operates under buxmarkets.com and has no other domains. Thus, BUX Forex is an anonymous, unregulated trading firm that can easily run its business offshore.

Reasons Not to Trust an Unlicensed Broker

Unlike genuine UK-licensed brands, BUX Forex doesn’t need to have minimal operational capital, limit leverage, or keep clients’ funds in segregated accounts. Regulators imposed all these measures to reduce risks.

Scammers don’t comply with any rules or regimes and provide unlicensed financial services. That puts clients at risk as the firm can vanish at any time, just like BUX Forex did.

Is BUX Forex a Trustable Broker?

BUX Forex is an illegal brokerage, allegedly operating from the UK. The company shut down its domain, leaving thousands of customers without their money. The UK regulator has issued a warning against fraud.

Warnings From Financial Regulators

Once we checked BUX Forex’s alleged license with the FCA, we found a warning instead. Since the regulation is false, this authority body warned citizens that BUX Forex is a clone firm and to be careful.

When a company is not under the FCA umbrella, clients cannot get reimbursed from the FSCS compensation scheme or get help from the Financial Ombudsman. That’s why dealing with bogus trading platforms is not recommended, as your money is at risk.

What Do Traders Think Of BUX Forex?

BUX Forex is not very popular among traders. Since the domain was shut down, clients have reported the firm. They can no longer access their funds or trading accounts and all the alleged profits.

As they describe, BUX Forex has good advertisement, presenting itself as a trustworthy, FCA-licensed brokerage. Once the money was gone and their withdrawal request was not approved, traders understood that they had been dragged into a scam.

What Platform Does BUX Forex Provide?

A part of this broker’s advertisement strategy was trying to sell MT5. Allegedly, they offer access to MT5 as WebTrader, desktop, and mobile app.

Once we wanted to check the platform, we were prompted to download a proprietary trading app. Since there are numerous risks when downloading an unknown file, we withheld it.

Instead of risking your money and personal data with unknown software, you can start trading with a legit brokerage. They offer actual MetaTrader, whether MT4 or MT5. With these two, you’re securing yourself the best trading experience with the largest number of TAs.

BUX Forex – Countries Of Service

BUX Forex mainly operates in:

• Netherlands
• Cyprus
• UK
• US
• Belgium

Since the firm is not licensed, your funds are at risk.

So, you should avoid BSTrade forex broker and similar brokers such as RoboFXtrade, TopTrade500 and K7 Trade.

BUX Forex Range of Trading Markets

This brokerage offered access to all five markets:

• Forex – EUR/USD, AUD/CAD, GBP/SEK
• Commodities – gold, oil, silver
• Indices – Dow Jones, NASDAQ, FTSE100
• Shares – Amazon, BMW, Google
• Cryptocurrencies – USDT, USDC, SOL

Note that we cannot confirm this without platform access.

BUX Forex Minimum Deposit and Withdrawal Terms

BUX Forex broker didn’t bother much with transparency. It didn’t list any account types, minimum deposits, or withdrawal terms. 

Since the website has been shut down, it’s no longer possible to submit a withdrawal request. We’re unsure if this will be possible in the future, so the best thing you can do is to report the scam and try to recover your funds.

Methods of Making a Deposit

While the website promised various payment methods, BUX Forex disappointed us once again. The only available option is crypto, that being:

• BTC
• USDT

Scammers will try to convince you that your funds are lost for good once you use digital coins. Don’t fall for it, and start the recovery process today!

Scammed by BUX Forex Broker? – Let Us Hear Your Story

If you fall victim to a BUX Forex scam, let us know. Our recovery specialists may be able to assist you with the refund.

Don’t let scammers keep your hard-earned money. And don’t be ashamed of telling your story. We’re here to help! Book your free consultation now, and let’s begin!

What Is BUX Forex?

BUX Forex is an unlicensed clone trading brokerage banned in the UK.

Is BUX Forex a Scam Broker?

BUX Forex is a scam brokerage that the UK FCA has banned.

Is BUX Forex Available in the United States or the UK?

The brokerage provides its services in the UK and the US with no regulations.

Does BUX Forex Offer a Demo Account?

BUX Forex doesn’t offer a Demo account to its clients.

If you try to find any helpful information on the Action Sure broker website, you won’t be able to. It’s missing any tabs or details about the company’s operations. They’re inviting you to trade, promising training and fund protection. 

Did they deliver? Let’s see in our detailed Action Sure review.

Is Action Sure an Unregulated Forex and Crypto Scam?

First of all, the entire website is in French, meaning they’re luring French-speaking customers. However, the company has no valid address or legal documents where we would be able to see the owner, legal jurisdiction, and more.

Based on this mere indication of language, we searched for regulations in the registers of AMF, FINMA, FSMA, IIROC, and other Tier 1 records. As you can assume, our search yielded no results.

If actually licensed, Action Sure broker would need to follow specific rules, including transparency about trading conditions and legal information. We know nothing about the leverage, minimum deposit, or anything of value. Therefore, we can conclude this is just another bogus website extorting money from inexperienced investors.

Warning Issued by Financial Authorities

Since the company targets French-speaking clients, no wonder that the French regulator was the one to issue an official warning. In May 2023, AMF added action-sure.com to a list of fraudulent Forex sites.

The regulator warned that this company has no authorization to offer Forex trading and is, therefore, blacklisted. This is the official proof of our claims that should definitely dissuade you from investing.

Where Does the Broker Operate?

The domain of this brokerage was registered in March 2022, but WHOIS details are hidden. It usually means they didn’t want to display the owner or headquarters publicly.

According to traffic research, the company mainly operates in the following countries:

• France,
• US,
• UK,
• Canada,
• India.

Since the French regulator has already issued a ban, we expect others to join as well. Your story can help us out and provide more evidence for everything we’re trying to prove.

Action Sure Platforms – Software Comparison

If we were to believe this website, it says that Action Sure offers WebTrader and some sort of MT4 distribution. However, once we registered an account, we were only granted access to browser-based software.

It remains unknown whether there are certain conditions you must fulfill before getting MetaTrader or if it’s not actually on offer. It wouldn’t be the first time to see unlicensed brokers abusing the popularity of third-party tools and advertising them as their own.

All in all, we advise you to stick with legitimate companies that will provide you with MT4 or MT5 access instantly without promising something they cannot deliver.

What Assets Can I Trade?

Suppose you still want to register with Action Sure, which we don’t recommend. Here are the available trading assets you’ll be given:

• Currency pairs – EUR/USD, GBP/NOK, AUD/SEK
• Cryptocurrencies – BCH, USDT, MATIC

The company is educating its investors about what the spread is and what types of spreads exist, but without giving exact details. In addition, leverage and other fees are also hidden, leaving us with nothing. 

False Achievements of Action Sure Broker

The website claims the following:

• 9,998 open positions daily,
• 450 registered customers a week,
• 800 daily traded value.

However, these numbers are unreal even for some licensed companies, not to mention fraud like Action Sure. In addition, they claim to provide their clients with fund segregation, privacy, risk management tools, and a trustworthy platform.

Yet, we don’t know where the money is held, in which banks. Additionally, we cannot guarantee that your details will be private as the brokerage is not under regulatory supervision. Finally, they claim to monitor your trades and warn you about risks, but without specifying if they offer negative balance protection, Stop Loss, or any other useful feature.

All in all, lots of boasting without backup evidence.

Action Sure Withdrawal Procedure

Another thing we’d like to know is the payment system. Can you use your debit card, bank transfer, crypto wallet, or something else?

Unfortunately, the brokerage was so eager to display its phony achievements that it forgot to include a section about deposits and withdrawals. All you can see is that there’s no commission for a deposit. Yet, how much you’ll have to pay remains hidden.

Without legal documents, we’re unsure if getting your money back is even possible or if the whole idea of this website is to trap your money and vanish. This is why we urge you to be careful with scammers such as Action Sure and Axiau.

Action Sure Broker scammed me, What Are My Options?

If you fall victim to trading fraud, it’s important to report it immediately. It’ll raise awareness and pressure authorities to react.

You can also contact our chargeback experts and CipherTrace crypto analysts to help you with fund recovery. We’ll book a free, non-obligatory consultation and find a way to collect enough legal evidence for a dispute. You’re not alone! We stand with you!

What Is Action Sure?

Action Sure is an unregulated trading brokerage banned by French authorities.

Does Action Sure Offer a Demo Account?

No, Action Sure doesn’t offer its customers a risk-free Demo account.

Is Action Sure a Regulated Broker?

No, Action Sure is not regulated. Instead, the company is banned by the French AMF.

PolaxGroup is the perfect platform if you want to lose money. The more we investigate this platform, the more pieces of evidence of fraud keep popping up. Negative reviews, regulatory warnings, lies, etc. Even the website has been taken down due to a regulatory warning.

That is why you should read our PolaxGroup Review and learn how to identify cyber trading scams. Also, we can help get your money back from such schemes.

Legal Info: Is PolaxGroup Regulated?

PolaxGroup claims to have an office in Switzerland. This is a lie, of course, and the fake address was exposed by the Financial Conduct Authority (FCA) on August 4, 2023. The warning against the platform from the UK regulator resulted in the scammer shutting down the previous website and switching to the new one (polaxgroup.co).

Therefore, we do not recommend you trade on this platform, or any other unlicensed offshore provider such as SPmarket24. You won’t benefit from security features such as negative balance protection, segregated funds, or a compensation contract, which is available via the UK FSCS agency.

You should find a regulated broker operating under the supervision of a reputable financial authority such as the FCA (UK), CFTC & NFA (US), ASIC (Australia), IIROC (Canada), CySEC (Cyprus), etc.

Who Are PolaxGroup’s Targets?

According to godaddy.com/whois, the polaxgroup.co website domain was created on September 5, 2023. For about a month now, the cyber con artist has been targeting primarily traders who reside in the following countries:

• United Kingdom;
• Netherlands;
• Israel;
• Canada;
• Thailand.

Each of these jurisdictions is unique in a certain way in terms of regulations. To reiterate, the PolaxGroup brokerage was recently flagged as a scam by the UK’s FCA.

The fraudulent provider is not compliant with the regulations in force in these states. For instance, it offers a maximum leverage cap of 1:50 but the legal limit in the UK and the rest of Europe is 1:30 for retail clients.

The webparanoid.com data shows that the trickster’s website has extremely low traffic, i.e. number of visits. 

Trader Reviews – Sharing Experiences

Whichever trading forum we checked, negative reviews were not missing. The broker received numerous complaints on sites such as scamadviser.com and trustpilot.com. Traders expressed their frustrations due to withdrawal issues, saying that the firm “refused to accept withdrawal and they have stopped responding in the chat and email…”

You can read a detailed summary of how the scheme works and which deceitful methods are used on personal-reviews.com as well. As for the good feedback, the reviews.io forum warned us that the positive “reviews on this page do not meet our trust signals are were likely submitted by PolaxGroup.”

Please avoid trading on unregulated platforms and instead stick to licensed and transparent brokerage companies that provide safe trading conditions.     

Which Trading Platforms Are Available?

It turned out that PolaxGroup supported only a simple web-based platform, devoid of any remotely advanced features and tools. The online trading terminal looked unpolished and lackluster with just some basic charts and indicators.

There was no mobile trading app available. This just shows that the whole trading thing is not serious at all. Providers that only offer a web platform (e.g. UltraBrokerz) are usually up to no good.

You ought to stick to licensed brokers that support credible and proven third-party trading software such as MetaTrader 4, MetaTrader 5, or cTrader if you want access to cutting-edge options. 

Available Live Account Types

Leverage, Spreads, Commissions, Demo Account

The maximum leverage that PolaxGroup offers is 1:50. As mentioned, the legal cap in Europe is 1:30. High leverage allows traders to control larger positions with a relatively small amount of capital, but significantly increases the risk of greater losses.

Trading costs, i.e. spreads and commissions were not disclosed so traders were basically left in the dark in that department.

If you are a novice, you shouldn’t be risking real money straight away. Try out a demo account first. All legitimate brokers nowadays have a demo account option. Those that do not, like PolaxGroup, are most often phonies.

Deposit and Withdrawal Process

PolaxGroup failed to specify which funding options are available. Since the payment methods are not disclosed, fees are unknown as well. Judging by the trader reviews, it’s highly unlikely that you will be allowed to withdraw funds or get a refund. 

In that case, you should know that funds deposited via MasterCard and VISA credit/debit cards can be refunded via a chargeback, which can be requested at the issuing bank within 540 days. 

Wire transfers can be reversed via a recall but this action can only work for transactions that are not yet complete. As for crypto payments, you’re going to need professional assistance to get your money back.

Key Facts To Consider About PolaxGroup

To sum up, PolaxGroup is an anonymous scam broker that defrauded several unsuspecting traders. This website was illegally offering services mainly to traders from the UK, the Netherlands, Canada, Thailand, and Israel.

We do not recommend this platform because it is blacklisted and many traders had major issues with it. In case you’ve already deposited funds into your account, you must seek our professional help to recover your money!

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 chargeback process and assist you every step of the way.

Book your consultation with us today and start the chargeback process.

FAQ Section

What Is PolaxGroup?

PolaxGroup is an anonymous Forex trading scam that deceived several unsuspecting traders.

Is PolaxGroup A Scam?

Yes, PolaxGroup is definitely a scam. The fraudulent scheme was exposed by the UK’s FCA.

How Does PolaxGroup Work?

The fraudster is hiding behind a web platform, using it to steal money. If you cannot withdraw your funds, we can help you.

Some would confuse Supreme Capital for a UK-based brokerage based on its domain. This firm operates offshore and doesn’t follow any regulatory rules. This is why we believe that you should read this review before being involved with a scheme. Your funds are at risk.

Is Supreme Capital a Licensed Broker?

Supreme Capital did not list a company owner or an official address. According to the Terms and Conditions, the company complies with the laws of Saint Vincent and the Grenadines. But, here’s the thing. SVG doesn’t have a valid financial regulator. As a matter of fact, there’s an FSA directive instructing brokers to opt for a license in the country of service.

Upon checking with FCA, ASIC, BaFin, etc., we have confirmed that Supreme Capital is not regulated and operates illegally.

How Unsafe Is An Unlicensed Broker?

Unlicensed brokers are dangerous since there’s no authority to supervise their activities. Legit brokers have compensation funds to reimburse potential victims. You have no such thing with unlicensed firms, meaning there’s no money-back guarantee.

What is more, we strongly advise you not to invest in HubbleBIT, ETHProfits and Bitonext fraudulent brokers.

So Is Supreme Capital a Decent Broker or a Scam?

Supreme Capital is a scam online trading brokerage. The firm operates according to the laws of Saint Vincent and the Grenadines and has no valid financial license.

Traders’ Experience With Supreme Capital

Even though the company has existed for several months, Supreme Capital reviews are already negative. Customers shared how they were pressured to invest money all the time, but nobody could get a withdrawal. Once they complained to the UK regulator, they figured the firm was offshore and unlicensed. And this is when their fight for money began.

What Platforms Does Supreme Capital Offer? – Available Trade Software

The trading company offers a proprietary WebTrader available on desktop and mobile versions. Allegedly, the platform brings “power and flexibility” to its investors. Once we accessed it, we figured it was nothing but a basic TradingView chart with the attached indicators. Customers can see a complete list of trading assets, margin level, amount of money, and open trades. But that’s all.

To start trading, find a legitimate company providing MT4 or MT5.

Mobile Trader

There’s a Supreme Capital mobile app based on WebTrader. Even these tools are not as sophisticated. However, we will give it slack. Unlike many offshore scammers, this one tried to provide its clients with iOS and Android platforms.

All About Supreme Capital Accounts

You can choose from one of the seven Supreme Capital accounts. They are:

1. Basic – $250
2. Silver – $10,000
3. Gold – $50,000
4. Platinum – $100,000
5. Diamond – $250,000
6. VIP – $500,000
7. Millionaire Club – $1M

Accounts differ in spread, leverage, number of trading signals, sessions with account managers, and more.

Does the Broker Use SSL? – Secure Socket Layer

The broker has SSL encryption on the website. However, this doesn’t mean that your funds are safe. SSL or Security Socket Layer should protect your confidential information, such as passwords and credit card numbers, from hackers. Moreover, this firm offers a proprietary WebTrader, meaning that they can access your funds and trade through the platform and change everything. You can see a significant profit or severe losses and wonder how it happened so quickly.

SSL is a fantastic tool, but only when provided by a legitimate investment brokerage.

Supreme Capital  Broker – Countries Of Service

According to our research, the broker mainly operates in:

• US
• Canada
• Germany
• Australia

Supreme Capital Range of Trading Instruments & Markets

Customers can trade in all major markets, including:

• Currency pairs – EUR/USD, USD/GBP, GBP/CAD
• Commodities – oil, gold, silver
• Indices – Dow Jones, NASDAQ
• Shares – Amazon, Tesla, Google
• Cryptocurrencies – BTC, ETH, XRP

Also, remember the names of the PrimeDeltas, IB Finanzas and ConcordInvest trading scams and avoid them at all costs! Moreover, always check the background of online trading companies before investing!

What Does Trading Terms Supreme Capital Provide?

Supreme Capital has not specified a spread, so we don’t know much about trading costs. Besides, as per the leverage, it ranges from 1:5 to 1:400. In the EU and UK, regulators have a strict limit of up to 1:30, while in the US and Australia, this limit is 1:50. Likewise, if a retail trader is highly experienced, the leverage can be slightly increased.

As you can tell, the firm goes against regulatory rules and offers significantly higher leverage. Also, that could lead to major financial losses.

Supreme Capital Deposit, Withdrawal Methods, And Fees

The company accepts only one payment method – cryptocurrencies.

According to the website, there are no deposit or withdrawal fees. However, here’s the odd thing. The withdrawal processing time is 7-10 working days. Since crypto transactions are mainly instant, we’re unsure why it would take so long for the firm to return your funds. It’s probably another way to delay you and make you wait for funds you will never get.

Minimum Investment Amount

The minimum deposit with Supreme Capital is standard – $250. However, this firm is not regulated, meaning that even a penny is at risk. Regulated firms allow you to start with as low as $10 and have fewer risks than unregulated offshore fraud. Thus, there’s no reason to consider investing with a Supreme Capital broker.

Customer Support – Communication Channels

The broker’s customer support contacts clients via:

• Phone calls
• Emails
• Messages
• WhatsApp and Telegram
• Social media

They will offer you all kinds of bonuses and lure you into investing. But be careful. Because you’re dealing with offshore fraud.

Scammed by a Supreme Capital Broker? – Let Us Hear Your Story

Supreme Capital is a fraudulent broker. Falling victim is not as hard. But once you’re scammed, you shouldn’t give up. Fight for what’s rightfully yours. Let’s file a dispute for a chargeback together and let’s recover your funds before it’s too late.

But What Is A Chargeback?

A chargeback is a way for your bank to recover funds from the merchant. If you have been scammed, it’s of utmost importance to react quickly. Book your free consultation with us and let’s start the procedure.

What Is Supreme Capital?

Supreme Capital is an offshore Forex and CFD trading provider without licenses.

Is Supreme Capital a Scam Broker?

The firm is based offshore and has no valid financial regulations.

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

Supreme Capital is available in both countries without a license.

Does Supreme Capital Offer a Demo Account?

Yes, the broker offers a Demo account to hook you into investing.

As per the company statement, a broker you can trust. To find it is true, we need to check everything first. For a company that doesn’t provide an office location and phone number where it can be reached, it’s hard to believe.

FXsway broker is owned by FxSway LLC based in St. Vincent and Grenadines. General financial jurisdiction belongs to the FSA of SVG. However, they dissociate themselves from providing FX and CFD trading licenses. Therefore, companies operating in other countries should have a license from local authorities. Let’s dig deeper in our FXsway review.

What is more, we strongly advise you not to invest in Place a Trade, Athens Market and Cryptics fraudulent brokers.

Is FXsway A Scam Broker?

So, we followed the instructions of FSASVG. Based on FXsway reviews, they are scamming traders from the UK, the US, Canada and Australia. Therefore we checked the database of some Tier 1 regulators.

In any of these, from FCA, ASIC or CFTC, we couldn’t find any records of FXsway broker. As that being said, we can say that this broker is fraudulent. Now we are just looking for more confirmations.

 FXsway has a very low-quality website with a lot of irregularities, starting from the license, office and ownership information. Whoever is looking a for a stable and reliable trading company already knows that this is not the right choice. 

Reasons for Using a Regulated Broker for Trading

Transparency and security are key things in trading these days. Nobody wants to trade with a broker that doesn’t offer clarity on trading conditions and, especially, withdrawing policies. That’s where regulation comes into play. Even if something bad happens, you have someone to reach out to – regulators.

FXsway Software

The very interesting thing about this broker is their trading software – MT4. One of the rare that puts this into a first plan. It’s a very good choice for both experienced and non-experienced traders. Fast executions, a lot of trading tools and many more.

MetaTrader 4 Platform

As an industry standard, this is one of the best programs you can use for FX and CFD trading.

It provides a variety of TA tools, social and copy trading. Everything that you need to become a successful trader. 

However, we need to mention that all of that is questionable if the broker is illicit.

MetaTrader 4 Mobile

MT4 mobile is one of the most used options for trading It’s very user-friendly and has fast executions. So, wherever you are you can place your trades and make profits on the go.

FXsway’s Trading Instruments

The availability of the assets is very good. The company offers assets from different classes like:

• Forex                        USD/GBP, USD/SEK, AUD/SGD
• Commodities             natural gas, gold, silver
• Indices                      BE20, DowJones, AU200
• Shares                      Apple, Tesla, Microsoft
• Cryptocurrencies       BTC, BCH, LTC

Trading instruments are a story in itself. Since the broker is not regulated, all trading conditions about these are speculative. Many trading platforms tend to affect the prices in their favor. That way client is losing money and they have the perfect opportunity for a new pitch.

FXsway Service Countries 

According to FXsway reviews, they are scamming traders from:

• US
• UK
• Canada
• Switzerland

All mentioned countries have very high regulations and we doubt the broker will end up without any penalties or punishment in some way. But for now, think about your money and keep it safe.

List of FXsway Account Types

Besides the minimum of 10$, nothing much is presented in these account types. They are offering:

• Standard – Leverage up to 1:500 / Spreads from 0.8pips / Commission from 7$ per lot
• VAR – Leverage up to 1:500 / Spreads from 1.2 pips / Commission from 0$ per lot
• PRO – Leverage up to 1:500 / Spreads from 0.4 pips / Commission from 9$ per lot
• Mini – Leverage up to 1:500 / Spreads from 0.1 pips / Commission from 1$ per lot

All of this would be shiny in bright if it’s confirmed by some license. No reputable license will allow leverage of 1:500. 

PAMM Accounts

PAMM accounts are multiple traders combined accounts. The broker trades with a bigger pool and every client gets its percentage based on the interest he deposited. 

A very good option in reality, but with a scam broker it can be very dangerous. We suggest you stick with a regulated broker in the first place.

FXsway Promotions

Another luring scheme is on the radar. Becoming an affiliate is easy, especially with their assistance. The more clients you bring, the more money you get as a commission. But think about it twice if you are getting commission from their trades or their deposits.

FXsway Deposit and Withdrawal Policies

The good thing, before depositing any money is that you can use their demo account to check how it all works. However, the company offers only crypto transfers as deposit and withdrawal methods.

These are extremely tricky because they are encrypted and very hardly traceable. Many clients had issues with withdrawals, where the broker is asking for additional documentation, additional fees and taxes and many more excuse. Be careful and look for a licensed broker on time.

FXsway Terms and Conditions

Even though the spreads available for trading are quite interesting, they don’t match standard ones. Because with licensed companies you get fixed spread, here it is floating.

On top of that, the leverage they provide is bizarrely high and it brings a lot of risks. According to ESMA and MiFID rules, only 1:30 is allowed for retail traders.

Were You scammed by an FXsway Broker? – We Want To Hear Your Story.

Many people got caught in this fraudulent scheme. If it was you, let us know. Our expert team can assist you with fund recovery. Contact us today to find your first steps!

What Is the Chargeback Procedure?

A chargeback is a reversal card transaction. It can happen when you report to the merchant and bank fraudulent activity. However, you need to provide the necessary documentation. 

Our team is doing that for years now and helping people over the world to recover their money. Don’t waste your time and contact us now!

What Is FXsway?

It’s a non-licensed offshore trading broker operating since 2021 in St Vincent and Grenadines and scamming traders from the UK, US, Canada and Switzerland.

Is FXsway a Scam Broker?

Yes. A lack of regulations, low transparency and negative customer reviews are just some of the confirmations.

Is FXsway Available in the United States or the UK?

According to FXSway research, they provide services to both mentioned countries. It’s not excluded that some more are their targeted countries.

Does FXsway Offer a Demo Account?

Yes. Surprisingly you can check their demo account and find why not to invest anything here.

If you have read the title, you know what we’re dealing with here. Our Cryptowall Trading Review focuses on further explaining how the anonymous crypto exchange scam works.

We will analyze the deceptive content of Cryptowall Trading’s bogus website and also repost the regulatory warning we found against this platform and talk more about it. Last but not least, we shall explain how you can recover your funds from cyber scams.

Legal Info: Is CryptowallTrading Legit?

First, we shall analyze Cryptowall Trading’s illusive legal background. The platform was allegedly founded by a Leipzig-based company. WHOIS shows that the website was created in May this year. 

Since Cryptowall Trading claims to be a well-known German crypto exchange, let’s see what the German financial market regulator has to say about it. Namely, we’re referring to the Federal Financial Supervisory Authority (BaFin). Unsurprisingly, BaFin issued a warning against Cryptowall Trading on August 15, 2023 (bafin).

The German regulator suspects that Cryptowall Trading is an unauthorized provider and the likelihood of that being true is high considering that no such company exists in BaFin’s register. It’s safe to say that we’re dealing with an unregulated and dangerous financial swindler. We had a similar case in Ixxen. 

Instead of believing the lies of these fraudsters, you should find a reliable provider that operates under the watchful eye of a renowned financial market regulator such as the aforementioned BaFin, or the FCA (UK), CFTC & NFA (US), ASIC (Australia), FINMA (Switzerland), CySEC (Cyprus), IIROC (Canada), etc.  

Who Are Cryptowall Trading’s Targets?

According to godaddy.com/whois, the Cryptowall-trading.de website domain was created on May 3, 2023. That was relatively recently so it didn’t take BaFin long to notice the scammer. Other websites such as webparanoid.com also warned against Cryptowall Trading.

After doing some research, we found out that the illicit crypto exchange has primarily been targeting traders from the following countries:

• United Kingdom;
• Germany;
• Austria;
• Switzerland;
• Italy.

German speakers seem to be the main targets. Needless to say, a provider must be regulated in order to legally offer services in these domains. All of these jurisdictions are known for heavy financial regulations regarding digital assets. Unauthorized companies cannot operate unless they obtain a license, which is evident in BaFin’s warning.

If you cannot withdraw money from Cryptowall Trading, we offer our professional assistance.

Trader Reviews

We managed to find only two reviews for Cryptowall Trading. We forum we found them on was scamadviser.com. Both reviews, i.e. complaints were in German so we took the liberty to translate them into English for the sake of our review.

Although it may be a rough translation, the point these unfortunate traders wanted to make is clear – Cryptowall Trading is a scam and should be taken down immediately! Do your best to avoid phony platforms like Cryptowall Trading and Orotrader 

Without ever having created an account, I was contacted by email claiming to have opened one. Apparent website phishing attempt. Just block and ignore email

Scamadviser user, July 18, 2023.

Tapping of data… A wrong HR entry is used… The names are also stolen from other companies… It’s definitely fraud and identity theft

Scamadviser user, July 6, 2023.

Cryptowall Trading App 

Cryptowall Trading claims to offer a trading app for Windows, Linux, Android and iOS devices. The mysterious app is supposed to provide a convenient way for users to utilize the platform’s features.

However, it’s important to stress once more that the platform is unregulated and extremely risky. Another alarming fact is that there is absolutely no information about the fees, crypto coins, wallet, demo account, etc. All the links on the website just take you back to the top of the home page.

Do not forget about BaFin’s warning; Cryptowall Trading is not a legitimate exchange. The app & platform may as well be rigged.

Did Cryptowall Trading steal your money? Let us know by booking a consultation with our team.

Cryptowall Trading Payment Process

Cryptowall Trading has no deposit & withdrawal policy or any legal documentation for that matter. Thus, we don’t know which payment methods the scammer accepts, minimum deposit and withdrawal requirements, related fees, or the payment processing time.

Depending on the method used to deposit funds, there are ways you could request a refund. For instance, MasterCard and VISA card transactions can be reversed via a chargeback, which can be requested at the issuing bank within 540 days.

But for crypto payments, you’ll need professional assistance. Luckily for you, our experts regularly trace crypto transactions with CipherTrace, an advanced software. Once we trace your payment to a wallet within a crypto exchange, you can request a refund from the exchange. 

Customer Support 

Cryptowall Trading cunningly posted links to various social media such as Facebook and LinkedIn on the website. But as we already mentioned, all the links are broken. 

There is, however, a link to the scammer’s private WhatsApp chat. We assume that this is the main communication channel between the trickster and the unsuspecting victims. Aside from WhatsApp, there is a phone number, web form, and email. 

Key Facts To Consider About Cryptowall Trading

To recap and wrap up the review, Cryptowall Trading claims to be a German cryptocurrency exchange. This platform has been active since May 2023, mainly targeting traders from Germany, Austria, Switzerland, Italy, and the UK.

In mid-August this year, the German regulator BaFin launched an investigation into the unauthorized and fraudulent activities of Cryptowall Trading. That’s reason enough to avoid this shady platform at all costs. 

If you’re a victim of the Cryptowall Trading scam, please book your free consultation with our team and tell us more about your case. If you need professional assistance in recovering your funds, our team will gladly guide you through the chargeback process or trace your crypto transaction using CipherTrace.

Book your consultation with us today and start the chargeback process.

FAQ Section

What is Cryptowall Trading?

Cryptowall Trading is an anonymous crypto exchange scam that claims to be a well-known German platform.

Is Cryptowall Trading a Legitimate Company to Trade With?

No. The German regulator BaFin launched an investigation into Cryptowall Trading, claiming that the platform is unregulated.

What Should I Do If I Have Been Scammed by Cryptowall Trading?

You should book a consultation with us and tell us how it happened. We can help you recover your funds.

Rapidnex is a doomed Australian broker with a questionable past full of shady activities that made ASIC revise and deny their license. Now primarily a crypto trading platform, the Rapidnex website still advertises other instrument classes as available, but to no avail. Proper trading is absolutely not possible when the site enables a bogus platform and fake conditions.

Anyhow, once a properly regulated broker is now nothing but a fraudulent scheme. The following Rapidnex review describes in detail what happened and why this entity is now dangerous for your funds.

Tier 1 License Lost

RAPID (QLD) PTY LTD is the owning company of Rapidnex. It was established back in 2012 and was properly licensed by the Australian regulator – ASIC. As evident, the register now says that the status of the company is such that they’re subject to a strike-off action, which is in progress. 

Strike-off means that ASIC is undertaking the process of removing a company from their register. The causes for that could be that the company hasn’t paid an annual fee, is inactive, has no liquidator or has breached regulations.

Another company address is allegedly in the UK. But FCA has no record of this company, either. That means that the broker doesn’t ensure funds’ security and deposits are at risk. 

Traders Swindled

Rapidnex has a most common approach to deception. Forex optimists are usually less experienced and less knowledgeable traders that easily get tangled up in the web of lies. Tireless boiler room agents facilitate the process of recruitment and extort money easily by promising huge gains. 

Investors from the following countries have suffered the most so far:

• Australia
• Netherlands
• United Kingdom

Please beware of trading offers that sound too good to be real – their purpose is to force you into investing. Contact us if you need help in recovering the funds lost to this or any other suspicious entities.

What Victims Say

The Rapidnex page on Trustpilot is packed with negative reviews. User complaints must have alerted ASIC of the shady operations going on behind the curtains. Moreover, their business name there is “Turbo trade”, which makes things all the more suspicious. 

A contrast to that is their Sitejabber page that features high ratings. We suspect these come from the company itself of review seller networks that profit by selling untruthful reviews.

Trading Conditions Imply Regulatory Breaches

Basic conditions at Rapidnex directly suggest ASIC violations. For example the software shows 1:100 to be the available leverage. The website, on the other hand, shows a 1:90 ratio as highest available, which is another rule breaker. 

Spreads start from 0.0 pips on EUR/USD, which is not quite believable coming from a company lined up for deregistration. TradeCare365 also has attractive conditions that are not plausible in practice.

Poorly Designed Tools and Features

Out of the entire Rapidnex offer, nothing could possibly attract an investor’s attention. The Tradingview-based web terminal, shockingly expensive accounts and limited number of assets don’t add to the general impression. Let’s revise these elements separately.

Rudimentary Web App

The Rapidnex platform represents an unstable and utterly unreliable basic web app. It was built on a Tradingview widget that doesn’t show the real prices and statistics that the broker charges and enforces. 

Such software doesn’t compare to industry leaders like MT5 and cannot perform well. RoboInvest employs practically the same software.

Limited Assets

Besides the most common and most traded instrument classes, there’s nothing out of the ordinary at Rapidnex:

• Forex (EUR/USD, EUR/GBP, USD/AUD, CAD/EUR)
• Commodities (Sugar, Cotton, Coffee, Soybean)
• Crypto (BTC, ETH, LTC, DOT, SOL, EOS)
• Indices (Dax, Dow Jones, Nasdaq, Nikkei)
• Metals (Gold and Silver)

Accounts Cost a Fortune

There’s only three Rapidnex accounts and they’re not at all affordable. The packages sure promise some unrealistic features. These are personal broker, trading signals, live streams and weekly webinars, but they’re are just overpriced: 

• Silver – $10.000
• Gold – $50.000
• Platinum – $100.000

BitMarket Capital has just as pricey accounts that don’t have anything much to offer.

Standard Account as Demo

During a limited time, every trader can try their luck on a trial account. This is referred to as the Standard account with a free margin of $100.000. The trading conditions on it are purposely designed to make trading look a piece of cake so you’d invest real cash right after.

Implausible Withdrawals

Funding channels available at Rapidnex are only credit cards and crypto. Shady payment service providers are who unlicensed brokers usually partner up with to defraud clients and perform personality theft and compromise other data. 

If you pick credit card funding, you may have a better chance at withdrawing funds. These are more safe and transparent ways of transfering funds and they also allow chargeback.

Customer Support

The Rapidnex support office has several available phone numbers, emails and an online form as a way of getting in touch. The diligence of the customer service team is questionable, though. Also, online chat and callback features aren’t available.

Let Us Help You Withdraw

It has become obvious by now that this company is not a good option to choose as your broker partner. If you’ve already invested here, however, there’s a chance to regain your lost funds. 

If you contact us promptly, our recovery experts can walk you through a chargeback process and help you establish control over your invested capital. Your first consultation is always free.

FAQ Section

What Is Rapidnex?

Rapidnex is an ex ASIC authorized brokerage brand in the deregistration process. They still offer their services, though.

Is Rapidnex Legit?

No, this broker is no longer licensed.

What Are The Rapidnex’ Platforms?

The only available trading platform is a rudimentary web trader.

How To Get Money Back From rapidnex.com?

Act quick and contact our recovery team and we’ll help you get your stolen funds back.

There are many offshore brokers currently on the financial market. We have to make it clear, some of them are regulated, some are not. When it comes to Energy Markets broker, there are many things to say. And none of these things is good. Read our Energy Markets review and find out what to do if you got scammed by this offshore brokerage.

Energy Markets Details:

Energy Markets Regulation and Security

Energy Markets is a brand owned by Donnybrook Consulting Ltd. The company is based in the Commonwealth of Dominica and has no regulation for its operations. This means that the company operates illegally, and there is no regulatory body you can complain to get your funds back.

The broker was using the website www.energy-markets.io, however, this domain was shut down due to too many scam reports. Currently, there is an active website www.energy-markets.cc that the scam brokerage is using only to get more registrations.

However, when there is no regulation, there is no security.

Warnings From Financial Regulators

This is a subject we could discuss till the end of this article. Energy Markets broker and the company owner are reported and blacklisted so many times it’s even hard to count. But let’s try.

The first regulatory body to issue a warning against this scam brokerage was the Italian CONSOB:

Afterward, the warning from the Spanish CNMV came, listing all the brands of Donnybrook Consulting Ltd as a scam:

The same warning came from Belgium FSMA, stating that the brokerage is a scam and warning citizens against trading with the Energy Markets broker.

Lithuanian LB issued a warning against Donnybrook Consulting Ltd as well.

And in the end, there is a Hungarian MNB that blacklisted the scam company as well.

Now you understand the level of scam this broker is conducting.

Can you make money with Energy Markets?

Since you’ve had a chance to see all the security warnings issued against this broker, the answer is no. However, we would like to discuss a couple of things. The broker is using the MT4 trading platform, which is probably the only positive thing to say in this entire review. The minimum deposit with Energy Markets is $500, which is double than any regulated brokerage. And the leverage is 1:200, again higher than any regulated brokerage can offer. There is a reason for brokerages to limit the leverage – it’s putting your funds at too high risk.

So no, you cannot make money with an offshore unregulated scam company.

Scammed by Energy Markets?

If you were scammed by Energy Markets, there is a solution. You can file a dispute and request a chargeback.

But what is a chargeback? It’s a way of refunding your card in case you were a victim of an online scam. Contact our support via chat immediately, book your free consultations, and you will know the first step you need to make in order to get your money back!

What is Energy Markets?

Energy Markets is an online trading brokerage with no regulation.

Is Energy Markets a scam?

Since the broker is offshore and has no regulation, we can say that Energy Markets is running a scheme.

Is Energy Markets regulated?

The broker is based in the Commonwealth of Dominica and has no regulations.