We’ve decided to review a couple of offshore brokerages to understand if those companies are legit or not. In case you see that the broker is based on some island or similar, you want to know if your funds are safe. Read our UltraBrokerz review and find out everything about this particular company.

UltraBrokerz Regulation and Security

The broker is owned by Quantu Group Ltd and is based in Saint Vincent and the Grenadines. However, what confused us is the fact that the broker listed the London address on their official website UltraBrokerz.com. On this particular address are several UK companies offering offices and co-working space. However, UltraBrokerz or Quantu Group Ltd is not one of the companies listed on this address. So, why is the broker pointing out this place? Probably in the sad attempt to mislead the clients to believe it’s a UK-based company. The broker is not listed in the register of FSA SVG nor the UK FCA.

The company is not regulated, not legit, and not trustworthy, such as Cfxdtrade, Electrum24 and OpoForex brokers.

Withdrawal Issues with UltraBrokerz

Here, we will list a couple of facts about UltraBrokerz company since there are many complaints and withdrawal issues with the brokerage.

For a start, the broker is using a web trader. This is a way less secure trading platform than MT4 or MT5. Therefore, your deposit is not safe, and your profit is not safe.

Another thing, the leverage broker offers goes up to 1:400. Meanwhile, regulated companies are limited to up to 1:50 due to regulators’ intentions of keeping your funds safe.

The minimal lot size is 0.1, while regulated brokers allow you to start from 0.01 lots. It means that you need more funds to enter the trade, and you are risking more. Not too appealing for non-experienced traders.

The minimum deposit is $250 and can be made only using a debit/credit card and wire transfer. As per the broker’s website, if you do not log in to your account for six months, the company will start charging you 10% for every month of inactivity. The company is charging you a fixed fee of 50 EUR/USD/GBP for wire transfer withdrawals and 25 USD/GBP/EUR for card withdrawals plus the processing fee of 10USD/7EUR/5GBP. The minimum amount for withdrawal is 250 units for wire transfer and 100 units for card withdrawals. Bear in mind that you will have fee deductions on this amount.

After everything is revised, we do not understand the need to charge such a high fee for withdrawing your funds. Moreover, the limit for withdrawal is exceptionally high. You should be able to get your funds back whenever you want, in any amount you wish.

Scammed by UltraBrokerz?

If you were scammed by UltraBrokerz, do not panic. It’s crucial to stay calm and take a few steps 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 were a victim of an online scam. 

Contact our support for further information via chat!

What is UltraBrokerz?

UltraBrokerz is an online trading brokerage with no regulation.

Is UltraBrokerz a scam?

The broker has no regulation for providing financial services.

Is UltraBrokerz regulated?

Any authority body does not regulate UltraBrokerz.

If you’re looking for a legit brokerage, you can immediately close the web page of 365 Capital FX. However, if you’re already involved, you probably just want your money back. Let’s see who this company is and how you can file a dispute for a chargeback.

Read our 365 Capital FX review and get all the information in one place!

Regulations and Security

365 Capital FX is a brand owned by Sand Ltd from the Marshall Islands. The company was established this year, and as it’s the case with many offshore scams, it has no proper financial regulation. Therefore, we can safely say that your funds are at tremendous risk with this particular broker. Moreover, you have no guarantees that you will get your initial deposit back as well since there’s no valid regulator and there’s no compensation fund. When investing, better find a Tier1 regulated company licensed by the FCA, ASIC, BaFin, and similar firm regulatory bodies.

365 Capital FX Warnings From Financial Regulators

Since broker provides financial services without proper regulation, some authority bodies have noticed it and decided to publish an official warning. The first one to do so was the UK FCA, while we also got a warning from an independent financial regulator, FINACOM.

Both of these warnings contain the same – 365 Capital FX is a fraud, and you should file a complaint against it immediately.

Fund Withdrawal Issues With 365 Capital FX

Being unregulated means you have no authority body that would oversee your activities. And unfortunately, company is using this fact a lot. Firstly, they ask clients for an initial deposit of $2,500, which is 10 times more than an average in the industry, and after you invest those funds, the account manager will keep asking for more. No matter how much you invest, it’ll never be enough.

However, once you want to withdraw your profit, your account will be suspended, and your account manager will be unavailable. This is a scam most offshore companies use to defraud their clients. If something similar happens to you, let us know immediately.

Traders About 365 Capital FX Scam

As you can imagine, traders have nothing good to say about the 365 Capital FX brokerage. They are highly disappointed with the treatment they get after investing such a high amount of money. The broker’s proprietary web trader is not as good as it should be, it has lots of lags, and the broker’s employees don’t assist clients in the case of an issue.

As previously discussed, withdrawals are nearly impossible, so the entire trading experience with the broker can be described as a large disappointment. So, please avoid 365 Capital FX forex broker and similar brokers such as Smart Trade Group, CCG Trade and CJC Markets.

How To Know If You Were Scammed Online?

If you cannot withdraw your funds, it’s evident that you have been scammed. However, you should be suspicious if you notice that your broker is pushing you to invest more and refusing to process your withdrawal request, or someone from the company asks for access to your online banking. If you notice any unknown transactions on your card after depositing with a brokerage, let us know. We will help you file a dispute and request a chargeback.

Scammed by 365 Capital FX?

If you were scammed by 365 Capital FX or a similar brokerage, let us know. Our team of experts will help you file a dispute and request a chargeback.

But What Is A Chargeback?

A chargeback is a way for your bank to reverse the transaction if you have been scammed online. Contact us via online chat to book a free consultation with our specialists and get your money back. Don’t let scammers go away for free!

What is 365 Capital FX?

This is an online trading brokerage blacklisted by the UK FCA for providing unregulated services.

Is 365 Capital FX a scam broker?

No, company has been blacklisted by the UK FCA for providing illegal financial services.

Is 365 Capital FX regulated?

Instead of regulation, 365 Capital FX has been blacklisted for fraud.

Without further ado, let’s dig into this high-level scam. OpoFinance’s website looks good, right? Well, that’s the point, to appear stunning and to convince you it has substance. However, there’s a vile scheme slithering beneath the shiny blue exterior.

This fraudulent broker even has a license and that is our first target for unleashing a barrage of arguments against it. The next section of the OpoFinance Review will prove why this regulation cannot be trusted.

In addition to the above, we strongly advise you not to invest in TargoSwiss, Eurinvesting and HighTrustCapital fraudulent brokers.

Is OpoFinance a Safe Provider Or a Scam?

You have a fine-looking website and you mentioned you’re regulated, what else is there to add in order to defraud? Nothing really, but even that is not good enough for us. There is a thing or two you should know about the fraudster’s regulation, i. e. the one issued by Seychelles’ FSA, which does exist. 

The only problem for OpoFinance is that the FSA does not regulate foreign exchange markets, “this falls under the purview of the Central Bank of Seychelles,” says the FAQ section on the FSA’s website.

Furthermore, there’s mention of St. Vincent and the Grenadines, the infamous nest of scammers. This place also cares not about regulating the financial market and the laws there are quite permissive. The Financial Commission membership found on Opo’s website is irrelevant considering everything said. Therefore, it’s safe to say that this financial swindler is an outright scammer!

OpoFinance is an unregulated offshore scam. The company has been in the business with no license, lurking potential victims.

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

To further support our claim, we’ve checked the websites of several Tier 1 regulators such as the FCA, BaFin and CySEC. Of course, they’ve got nothing on our fraudulent broker. For your funds to be safe, your provider has to be regulated by one of these institutions.

OpoFinance Offers MT4 and MT5 Platforms?

This is yet another clever trick used by the con artist. Why not copy the test from the most successful student in class? For those who do not know, Meta Trader 4 and 5 are two incredible trading platforms, arguably the best in the business and OpoFinance knows this. That’s why the broker was sure to include them in the offer.

However, the download files weren’t so clean. Coupled with the shady background of OpoFinance and the dirt we found about the broker, it is not recommended you trust the platforms. Proceed with caution because the software could be subject to manipulation.

Can I Trade From Any Device?

You can trade from any device, indeed. Quite a neat and convenient option. Since OpoFinance is out to steal your money, it came prepared. The more possibilities it offers, the better the chance of victims taking the bait, so be careful.

What Do We Know About OpoFinance’s Account Types?

OpoFinance offers the following account types or rather trading packages:

• Standard – min. deposit $100, spread from 1.8 pips, no commission;
• ECN – $100, spread from 0.8 pips, $6 commission;
• Social Trade – $250, spread from 2.5 pips, no commission;
• ECN Pro – $5,000, spread from almost zero, $4 commission.

Each of these accounts has leverage set to 1:500. It’s a bit strange that the second-best account type has wider spreads than the weaker two. Also, it was stated that all accounts provide clients with Meta Trader 4, with no mention of MT5.

Demo Trading Account

No legit provider will omit a demo account. OpoFinance, of course, knows this and that’s why it managed to include one. The scam broker has patience, it is ready to wait for the unsuspecting victim to lower guard. Per the website, the Standard, ECN and ECN Pro accounts have demo versions available.

Also remember the names of the SevenSeasFX, BUX Forex and Proforbex trading scams and avoid them at all costs! Moreover, always check the background of online trading companies before investing!

Range Of OpoFinance’s Scam

Aside from offering you the classic trading role, i. e. an account, a platform and popular trading assets such as Forex pairs, CFDs and crypto, OpoFinance also has an “Introducer” program in store. 

This referral mechanism places you at the bottom of the so-called pyramid scheme where the one on top rules at the expense of the rest. The shady broker promises extra profits for every new client you manage to drag into this scam. This way, it uses you as a scapegoat for the defrauded public.

Its website is available in the following languages: English, Persian, Arabic, Indonesian, Thai, French, and Chinese (traditional).

OpoFinance Deposits & Withdrawals

For payment methods, Opo accepts credit/debit cards, wire transfers, various cryptocurrencies and the PerfectMoney e-wallet. Crypto and wire transfers may charge commissions while the rest are free. The processing time is either instant, 24 hours or depending on the blockchain. Provided that everything here is true, it seems pretty legit but you could still be at risk.

What Is Known About OpoFinance’s Trading Conditions?

The $100 required to start trading is reasonable. Spreads were a bit wider than usual for EUR/USD (1.9 pips). The part where OpoFinance really messed up is the leverage. Setting it at 1:500 is insane for retail traders. Even professionals have to be careful there. The losses that could stem from that may be enormous and that’s why most regulators have restricted leverage to 1:30-1:50.

Scammed by OpoFinance Broker? – Let Us Hear Your Story

It’s unfortunate if you’ve been scammed by this fraudster and we feel for you. However, you have to keep your head up and consider ways to fix the situation. We can help you there. The three methods you should know about – chargeback, recall and crypto tracing. 

But What Is A Chargeback, Recall and Crypto Tracing?

A chargeback can be requested at the issuing bank within 540 days. It can reverse credit/debit card transactions. For wire transfers, the process is called a recall but it needs to be done before the completion of the transaction. 

Crypto payments can be traced to a wallet in an exchange. Then, you simply request a refund but it won’t be easy.

What Is OpoFinance?

OpoFinance is a clever scheme designed to look like a legitimate broker.

Is OpoFinance a Scam Broker?

OpoFinance is a scam broker because its license is not appropriate.

Is OpoFinance Available in the United States or the UK?

The broker does not accept US clients but does accept UK clients.

Does OpoFinance Offer a Demo Account?

OpoFinance does offer a demo account on its website.

The online CFD and forex broker ROinvesting operates out of Cyprus. There, they have a registration with the Cyprus regulator, CySEC. Their parent company is Royal Forex Ltd. The company also operates similar brokers, GMO Trading and RoyalForex. Both of them have less than stellar reputations due to their high account and withdrawal fees.

Trading with ROinvesting

The suite of assets at ROinvesting is a bit lacking, with subpar currency pair offerings and a fairly standard swatch of CFDs on stocks, commodities, indices, and cryptocurrencies. Trading with the broker is through the popular MetaTrader 4 platform, with all of the tradings and charting features that traders are familiar with. They have leverage available up to the ESMA mandated limit of 1:30, but our ROInvesting review found reports that the broker is advertising the professional leverage of 1:500 for their retail accounts. High leverage can be dangerous and is typically offered by unregistered brokers like TradeFX.

Bad Reviews for ROinvesting and Company

Together with the other brands in the Royal Forex Ltd family, GMO Trading, and Royal Forex, ROinvesting has many negative user reviews online. The broker offers investment advice to traders through their account representatives. Many client reviews say that these representatives are far too aggressive, always pushing traders to deposit more money and open more positions. There are also the typical complaints about difficulty making withdrawals from the broker.

Broker Charges Massive Fees

The main reason that traders would want to shy away from this broker is their high fees. The minimum deposit with this broker is $250, above average but nothing shocking. The real trouble starts with withdrawal fees. Any withdrawal made before trading, like a trader changing their mind to close their account, will incur a fee of $50. There is another fee for any withdrawal of under $100.

Those are bad enough, but the inactivity fees that this broker charges are genuinely scandalous. After two months of inactivity, they charge a monthly fee of $80. The cost of the inactivity fees rises over time. After ten months of inactivity, this broker will charge a trader’s account $500 per month. We don’t see how any investor could choose a broker with this kind of fee structure.

Don’t Let a Broker Deny You Your Funds

You shouldn’t be leaving your money with a broker that has a fee structure so bad that their regulator issues a fine for it. If you have found your deposit eaten away by inactivity fees or held hostage by withdrawal fees, contact us today to look at alternative ways to get your money back.

FAQ

Is ROInvesting a legitimate broker?

ROInvesting is a broker registered by CySEC. This broker is owned by Royal Forex Ltd, a company also related to GMO Trading. All the brands of this company have very negative user reviews. Despite the CySEC regulation, we can say that this broker shouldn’t be trusted.

How the ROinvesting operates and is it a scam?

ROInvesting is operating highly suspiciously. The broker is charging massive fees to its clients and has many negative reviews. They are charging an incredible 50$ per withdrawal, and even more if the client wants to withdraw less than 100$. The broker is offering leverage up to 1:500, which is illegal by CySEC regulation.

Is ROinvesting legit?

ROInvesting is a CySEC regulated broker. It is a brand of Royal Forex Ltd, a company that owns several other brands. For every brand, there are multiple bad reviews. Clients are claiming that they cannot get their funds back, or even worse, they are overcharged for withdrawals. Therefore, we can consider the company not legit.

If you are looking for a regulated online brokerage, yes, MultiBank FX can be considered one. However, do not hold your breath just yet. You need to know many things about the broker before jumping into anything and giving your money away.

Read our MultiBank FX review and gather all the intel.

MultiBank FX Regulation and Security

MultiBank FX was founded as a part of MultiBank FX International Corporation from the British Virgin Islands. The company has a status of a regulated broker since they obtained a license from BVIFSC. First, however, let us present you with some little-known facts about the BVI license. Once you opt for FSC regulation, you need to pay a fee of $1,500 and have the initial capital in the same amount. There is no obligation of any kind to form a compensation fund for reimbursing clients. Now you can understand how not valuable this particular license is.

You are dealing with an offshore broker, and you should be aware of the MultiBank FX scam.

Fund Withdrawal Issues

If you’ve decided to start a trading account, you must have an ultimate goal – making a profit. Now, besides the broker’s capability to assist you in the process, you need to clarify if there is a chance you can withdraw your funds. Based on several MultiBank FX reviews we’ve come across, the answer is no. Let us show you why.

We’ve taken into consideration the MultiBank FX trading platform and have nothing to say. The broker offers MT5 and a web version of MT4. It sounds like it did put some thought into trading platforms after all. However, having a proper platform is not everything. The leverage this broker offers goes up to 1:500, similar to many other illegal offshore brokerages.

The minimum deposit required by MultiBank FX has not been disclosed anywhere. Payment methods are wide-ranged, while we are left unanswered about any fees or commissions. However, if you try to check the withdrawal section, you’ll find nothing. Highly suspicious for allegedly regulated brokerage.

How Does Online Trading Scam Work?

Suppose you’ve submitted your personal details for an ad related to online trading. You’ve received a call, made your deposit, and ended with a personal account manager. If the company is bogus and not trustworthy, such as MultiBank FX, this account manager will have only one idea – to extort more money. And after you’ve given more funds, most likely, your account will be suspended, and your access to capital will be blocked.

Beware of the MultiBank FX scam and similar illegitimate operations, such as CMMCI, EZDSK.

Scammed by MultiBank FX?

If you have been involved in a scam with MultiBank FX or any other illicit broker, do not hesitate to inform us about it. You need to file a dispute and request a chargeback.

But what is a chargeback? A chargeback is a method of refunding your card in case you have been scammed online.

Contact our support via chat and book your free consultations immediately.

What is MultiBank FX?

MultiBank FX is an offshore online trading platform.

Is MultiBank FX a scam?

MultiBank FX is based offshore and has many negative reviews related to withdrawals.

Is MultiBank FX regulated?

MultiBank FX has a regulation coming from BVIFSC.

Investing online has been quite attractive for the last ten years. This type of trading can yield large profits and provide investors with the desired financial stability. However, investors risk losing their entire capital when dragged into a scheme.

Read our honest Meteor Trade review to determine whether this is the right broker for you.

What is more, we strongly advise you not to invest in CentroBanc, Capital Markets Strategy Ltd and BUX Forex fraudulent brokers.

Does Meteor Trade Have a Forex License?

Meteor Trade broker operates under two domains, meteortrade.co and meteortrade.pro. It seems the company falsely presented itself as a part of the FCA-licensed company, Meteor Investment Management Ltd.

The truth is that Meteor Trade is an offshore trading brokerage owned by the already infamous Incendiary Group Ltd from the Commonwealth of Dominica. This firm owns two other scam brands, Trade Union and InFlux Finance, both unregulated.

Of course, Meteor Trade is no different and practices Forex trading without a valid license.

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

Licensed brokers need to follow strict rules and impose lots of security measures. For instance, in the US, brokers need to maintain a minimal operational capital of $20 million, while in Australia the minimum is 1 million AUD.

Unregulated offshore scammers don’t have minimal capital or negative balance protection, nor do they follow ESMA-imposed leverage limits. They can simply vanish with your funds.

So Is Meteor Trade a Scam?

Meteor Trade is not a regulated trading firm. The brokerage is based in the Commonwealth of Dominica but has not entered the FSU register. The company has been banned by the UK FCA.

Warning From the Official Regulators CNMV and FCA

We have two warnings for you if you need official proof of the Meteor Trade scam. The UK authority body FCA stated that Meteor Trade is a clone firm of an FCA-licensed business. Therefore, those involved cannot be reimbursed from the FSCS compensation scheme or get assistance from the Financial Ombudsman.

Further, the Spanish CNMV issued a similar warning, banning meteortrade.co.

What Do Traders Think Of Meteor Trade?

Instead of us doing the big talk, we’ll show you the Meteor Trade reviews. Here’s an example from Trustpilot.

“If I could give them no stars I would!! This company is false a huge fraud!!! I lost so much money! Also watch out as they use false names!! They pretend they care and gain your trust and then in the end they take your money and run!!!”

What Platform Does Meteor Trade Provide?

Meteor Trade supports lackluster WebTrader we’ve seen numerous times before. It may be suitable for trading beginners, but even they would soon see the lack of features. The platform has basic tools, not support social trading or EAs.

By all means, MetaTrader is more reliable than any web-based trading platform. Thus, we recommend you find a legitimate firm offering MT4 or MT5. These two have been industry standards for over ten years and offer the broadest range of features.

Platform Access For Android And iOS

This brokerage doesn’t offer access to any mobile apps. Simply said, both Android and iOS users will have to use their web browsers.

Once again, you won’t have to face this issue with MetaTrader. Both versions have advanced mobile apps for easy trading.

Old Fraud With a Different Domain

As mentioned, this trading firm has two domains. The one under meteortrade.pro has already vanished, but the scheme remains the same.

When a trading brokerage gets enough funds and too many complaints, they tend to close the website. Hence, clients cannot access their funds or submit withdrawal requests any longer. It’s important to stay away from such scammers.

Meteor Trade Accounts Overview

You can choose from the five account types on offer.

1. Newbie – $100, account insurance, welcome bonus
2. Basic – $250, trading signals
3. Standard – $1,000, margin call at 40%
4. Classic – $10,000, one-click trading, account manager
5. Exclusive – $50,000, personal advisor, margin call at 100%

As you can tell, each account has slightly more benefits than the other.

Meteor Trade – Countries Of Service

This trading brokerage mainly targets the EEA zone, with victims coming from:

• Romania
• Germany
• Slovakia
• UK
• Spain

Also, remember the names of the TradeSimple, FastEarnings247 and Fx24trade trading scams and avoid them at all costs! Moreover, always check the background of online trading companies before investing!

Meteor Trade Range of Trading Markets

You can invest in the following trading assets:

• Currency pairs – EUR/GBP, USD/SEK, CAD/AUD
• Commodities – gold, palladium, crude oil
• Indices – DJIA, CAC40, AU200
• Shares – Amazon, Apple, BMW

Surprisingly, cryptocurrencies are not on offer.

What Is Known About Meteor Trade’s Trading Conditions?

Trading conditions are another sign of business practices. If the brokerage sticks to leverage limits and don’t overcharge spread, we can tell it operates in good faith.

When it comes to Meteor Trade, it’s everything but good. Here’s what we got.

Details About Leverage and Spreads

The spread starts at 3 pips for EUR/USD pairs, which is double the industry average. Therefore, this trading firm decided to rip off its customers at the very beginning.

Further, the leverage is not specified. Your funds are at risk since offshore scammers have no leverage cap.

Welcome Bonus and Withdrawal Problems

Typically, offshore brokers offer welcome bonuses despite the regulatory ban. Then, they add malicious clauses about bonus terms.

For instance, Meteor Trade requires its customers to repay the bonus plus the initial deposit 25 times before being eligible for a withdrawal. It’s a scam tactic that prevents you from getting what’s rightfully yours.

Meteor Trade Minimum Deposit and Withdrawal Terms

The minimum deposit is $100, which may sound tempting. While you think you have nothing to lose, this broker is preying on you to upgrade your account.

Further, the company charges an inactivity fee but says to contact the account manager for more details. Thus, transparency is not the bright side.

Methods of Making a Deposit

The deposit can be made using the following:

• Wire transfer
• Debit/credit card
• Crypto wallet

Be careful with crypto deposits, as these transactions are non-refundable and are not subject to a chargeback.

Scammed by Meteor Trade Broker? – Let Us Hear Your Story

Trading online can be lucrative but also cause heavy monetary losses. It mainly depends on the company you choose. If you find yourself scammed by the Meteor Trade, let us know. Our chargeback experts may be able to help with fund recovery.

But What Is A Chargeback?

This is a way for your bank to reverse the transaction. If you can prove that you have been a scam victim, they can get your money back from the merchant.

Book a free consultation, let us evaluate your case and let’s find the right method for recovery!

What Is Meteor Trade?

Meteor Trade is an unregulated scam firm based in the Commonwealth of Dominica.

Is Meteor Trade a Scam Broker?

Meteor Trade is a scam brokerage banned in the UK and Spain.

Is Meteor Trade Available in the United States or the UK?

The company offers its services in the UK but not in the US.

Does Meteor Trade Offer a Demo Account?

No, Meteor Trade doesn’t offer a Demo account to its customers.

If you’re about to start trading, you must find the right brokerage. Choosing an investment firm is vital since they keep and manage your funds. If you fall into the hands of scammers, you risk losing your entire life savings.

Thus, read this detailed IKICI review carefully to avoid being defrauded.

Additionally, we strongly advise you to avoid the fraudulent brokers Meteor Trade, CentroBanc, and Capital Markets Strategy Ltd.

The Truth About IKICI Regulation

Checking out the regulation section, one may think that IKICI is the best broker. According to the website, the company holds several licenses, including ASIC, FCA, CySEC, DFSA, FSCA, and IFSC. Furthermore, they’re allegedly affiliated with BlackRock Inc. and Ameriprise Financial Inc.

Knowing that Tier1 regulators have strict demands, requiring brokers to have millions in capital to ensure they don’t go bankrupt, we have to suspect everything said above. Additionally, IKICI leverage and other trading conditions don’t comply with regulatory regimes, being another red flag.

After checking the databases of the aforementioned authorities, we discovered that everything IKICI said was a blatant lie. We’re dealing with another bogus scammer, most likely based offshore.

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

If IKICI were a licensed firm, they’d have to comply with regulatory rules. For instance, ASIC requires brokers to have minimal operational capital of 1 million AUD, while both FCA and CySEC limit leverage to 1:30.

Since all the regulations are false, IKICI can run its business from an offshore country. Thus, if an issue arises, taking legal action is nearly impossible.

​​Is IKICI a Legit Broker or a Scam?

IKICI is not a licensed Forex and CFD trading provider. Since providing investors with false regulations, this trading brokerage has been banned by the UK authority body, FCA.

A Warning About IKICI Broker From the FCA

Since the firm falsely says it holds an FCA license, this regulatory body has issued a warning. According to it, this trading firm is not regulated, and customers cannot be compensated from the FSCS fund.

Furthermore, victims are not entitled to assistance from the Financial Ombudsman. Hence, they need to fight for their funds alone.

IKICI’s Reputation On The Trading Market – Opinion of Traders About the Broker?

IKICI doesn’t have a good reputation. According to reviews, getting a withdrawal from this scam firm is nearly impossible as their employees cut all contact once the request is submitted. Since the firm lies about its licenses and trading terms, traders are not pleased.

If you have issues like this, make sure to file a report immediately.

What Platform Does IKICI Provide?

IKICI provides the same lackluster platform as many offshore scammers. It contains some basic features, such as pending orders, but nothing more advanced. Auto trading and social trading are not enabled.

If you want to trade sophisticatedly and with a wide array of TAs, you should find a legitimate firm providing MT4 or MT5.

IKICI Accounts Overview

IKICI has three different account types.

1. Beginner – $1,000, leverage 1:20
2. Amateur – $25,000, leverage 1:50, no swap, PAMM account
3. Professional – $50,000, leverage 1:100, index and ETF trading, deposit insurance

As you can tell, the gap between the first two accounts is rather large, putting pressure on customers to invest $25,000.

Opening a Personal PAMM Account

PAMM or Percentage Allocation Management Module implies one large account where multiple investors add their funds. Then, the pool is managed by the designated broker from the company, and they receive a percentage for their work. The profit is also split as a percentage based on initial participation in the pool.

This type of trading can be suitable when a broker is regulated and trustworthy. Offshore scams don’t have licensed account managers and cannot provide quality service.

IKICI – Countries Of Service

The brokerage mainly offers its services in Australia and Austria.

However, knowing this trading platform is unlicensed, you should withhold from investing wherever you reside. Unregulated scheme firms can vanish with your funds, and the recovery procedure might be lengthy. The best decision is to look for a locally regulated trading company.

IKICI Range of Trading Markets

If you still want to trade with an IKICI broker, you can do it with the following instruments:

• Currency pairs – EUR/USD, AUD/CAD, GBP/NOK
• Indices – DJIA, NASDAQ, DAX30
• Shares – Amazon, BMW, Apple
• Cryptocurrencies – BTC, ADA, MATIC
• Commodities – gold, natural gas, coffee
• ETFs – EEM, DIA, ISF

Despite the large offer, we advise you to stay safe and not invest.

Also, avoid the trading frauds Axiance, CFDtrades, and Finvis at all costs! Moreover, before investing, always look into the past of internet trading firms!

What Is Known About IKICI’s Trading Conditions?

Another proof that IKICI cannot be regulated is its trading conditions. The company offers leverage of up to 1:100, while the maximum cap in the US and Canada is 1:50 and even lower in other jurisdictions.

The spread is competitive, starting at 0.6 pips. It’s probably the only solid thing we’ve seen since we started this review.

IKICI Minimum Deposit, Withdrawal Terms

IKICI requires an exceptionally high minimum deposit of $1,000. That’s four times higher than average and 100x more than regulated brokers demand.

As per withdrawal terms, we don’t know much. This firm has no legal documents or any Withdrawal Policy.

Methods of Making a Deposit

If you wish to make an initial deposit, you can only do it through crypto. This firm takes BTC and USDT. Note that digital currency is the riskiest payment option due to the anonymity of the transaction processing.

If you wish to get your funds back, you’ll have to find crypto-tracing specialists.

Scammed by IKICI Broker? – Let Us Hear Your Story

If you cannot get money back from IKICI or any other scam broker, don’t be ashamed to report it. Your story can help others as well.

Our recovery specialists will book a free consultation for you, evaluate the case, and try to find the best option to get your money back. Don’t give up. Let’s fight together!

What Is IKICI?

IKICI is a fraudulent online trading brokerage lying about its regulatory status.

Is IKICI a Scam Broker?

IKICI is a scam brokerage exposed by the UK regulatory body, FCA.

Is IKICI Available in the United States or the UK?

The company offers services in the EU, UK, and Australia but not in the US.

Does IKICI Offer a Demo Account?

Yes, IKICI offers a risk-free Demo as a lure for potential investors.

There are so many inconsistent things about Crypto EU broker that we just had to research. We have to try and understand who this firm is and whether or not your money is safe. Read this review and you will understand the level of scheme you’re being dragged into.

What About Crypto EU Regulation?

Crypto EU claims to be based in the UK and working under the FCA regulation. However, the company registration number they provided, HE 367623, belongs to Cyprus-based firm Degalmo Enterprises Limited. So, does the firm operate with an FCA or CySEC license?

Why Must a Broker Have a License?

Brokers ought to have a license to prove they’re legitimate firms, and they’re going to deal carefully with your funds. While Crypto EU claims to provide a high level of security and keeps funds in EU banks, there’s no proof of that. It turns out that neither CySEC nor the FCA have ever regulated broker, and the Cyprus-based firm has nothing to do with this online scheme. 

Furthermore, we found one more company using the same registration number, with exactly the same website – UXTrades. It seems that the scam is widespread, and Crypto EU is just a part of it.

Additionally, we want to invite you to read our recently updated reviews of scam brokers StocksKey, DakkenGroup and Intel Trading. Be careful with these brokers.

Traders Reviews About Crypto EU Scam

The majority of Crypto EU reviews come from:

• Germany
• France
• UK
• Netherlands

Clients complain about withdrawal issues, the fact the firm is not actually regulated, and the non-existing trading platform. Basically, it looks like the firm is there to take an initial deposit and disappear.

Supported Trading Platforms – Available Trading Software

We don’t really know what kind of a platform the broker offers. Nothing on the website indicates whether the platform exists and which one it would be. The Account Types section implies that Android trading is enabled, but it doesn’t mention any apps or a WebTrader you can get.

We also have no information about leverage, spread, or other essential trading conditions. And that’s the main reason to avoid this illicit investment firm.

Everything About Crypto EU Accounts

The broker offers 3 account types.

1. Bronze – $25,000
2. Silver – $75,000
3. Premium – $150,000

Upgrading brings daily signals, a personal educational session, and multiple trading assets. However, we’re unsure whether you have to start with $25,000 initially or the firm will accept something lower.

Crypto EU Range of Trading Instruments & Markets

According to its website, the broker offers to invest in:

• Currency pairs
• Commodities
• Indices
• Shares
• Cryptocurrencies

Since there’s no Demo account or even a platform, we couldn’t verify this.

Furthermore, we highly recommend that you avoid the scam brokers Dualix, Gravity Trade, and FNPMarkets.

Crypto EU – Bad Trading Conditions

Well, technically, we cannot qualify trading conditions as bad since we don’t know any. And that’s a bad sign itself. If you don’t know the leverage, you’re unaware of the risks. If you have no information about spread, you cannot know the commission you will be charged, and you can easily be defrauded. And, of course, if you have no platform, you cannot place any trades, so without the further add-on, we will conclude – Crypto EU is a scam boiler room that you should avoid.

Scam Trading Bonuses

The company offers bonuses but never mentions its malicious Bonus Policy. According to it, you have to repay the bonus amount plus the initial deposit 25 times before being able to submit a withdrawal request. And that’s just another way to make you invest more and more and put you in a loop without payouts.

Crypto EU Deposit and Withdrawal Methods

The trading company says to accept the following payment methods:

• Debit/credit cards
• PayPal
• China UnionPay
• iDeal
• Bitcoin

Again, there’s no way for us to confirm these methods. If you decide to go with this firm, we advise you to use a credit card, as you’re entitled to request chargeback within 540 days.

Are You Already Involved With Crypto EU? – Share Your Story With Us

Suppose you have been scammed by Crypto EU or a similar bogus broker. Let us know and our chargeback specialists may assist you with a refund.

But What Is A Chargeback?

This is a way for your bank to reverse the transaction and recover your funds. Since the process is time-limited, it’s important to act now. Contact us right away to book a free consultation, and let’s start.

What Is Crypto EU?

Crypto EU is an unregulated Forex and CFD trading provider.

Is Crypto EU a Scam Broker?

Crypto EU faked its trading firm and headquarters, indicating it was a scam firm.

Is Crypto EU Available in the United States or the UK?

The broker provides its services in the UK but doesn’t operate in the US.

Does Crypto EU Offer a Demo Account?

Crypto EU doesn’t offer a Demo account, only Live types.

ESSOMILLANNI claims to be an offshore investment company based in Saint Vincent and the Grenadines (SVG). That’s bad news right off the bat but it doesn’t end there.

We also found some complaints against the fraudulent company and its duplicitous scheme. Read our ESSOMILLANNI Review to learn the truth and find out how to protect yourself from cyber scams. 

Legal Info: Is ESSOMILLANNI Legit?

ESSOMILLANNI claims to be an investment company based in SVG, a notorious offshore domain. SVG and Forex don’t belong in the same sentence because trading is not regulated in that jurisdiction. SVG’s Financial Services Authority explicitly says on its website that it regulates only the banking sector.

There is basically no financial market authority overseeing and regulating the monkey business of ESSOMILLANNI. Hence, there is no reason for you to trust this anonymous investment firm or any other SVG-based scammer such as invcenter. 

Instead, find a licensed provider that’s regulated by a reputable financial market authority such as the FCA (UK), CFTC & NFA (US), BaFin (Germany), IIROC (Canada), ASIC (Australia), CySEC (Cyprus), MAS (Singapore), etc. You will thus be entitled to numerous benefits such as negative balance protection, segregated funds, and even a compensation scheme.  

Who Are ESSOMILLANNI’s Victims?

According to godaddy.com/whois, the ESSOMILLANNI website domain was created on September 15, 2021. Since then, the cyber con artist has mainly been offering unregulated Forex trading services to traders residing in the following countries:

• Italy;
• Germany;
• Vietnam.

We found some complaints from German traders but more about that later. Needless to say, ESSOMILLANNI has no license to operate anywhere. Rest assured that all the ESSOMILLANNI News on the website is fake, fictional.

Jurisdictions with heavy regulations such as Italy and Germany are off-limits to shady offshore providers such as ESSOMILLANNI and orbitrade. The latter is blacklisted so we must urge financial regulators to issue warnings against ESSOMILLANNI as well.    

If you want to learn how to recover your funds from online scams, book a free consultation with us.

Trader Reviews

What do traders think about ESSOMILLANNI? We hopped over to trustpilot.com and scamadviser.com to find out. When there are few reviews and most of them are negative, it speaks volumes about how awful of a scam ESSOMILLANNI really is. Please heed these warnings and don’t give the scammer a dime!

This one is obviously manipulated! You can carry successfully for a while, but at the point where you get into a winning range that would be payable, the trader stops you… So again just a simple scam, but reasonably intelligently done!

• Trustpilot user, March 19, 2023.

This platform is deceptive, fake reviews and very fake promises to lure unsuspecting victims. I has been a victim, incurring a huge sum in debt. No email I sent were returned.

I am putting this out here for everyone to witness and keep away from this platform…

• Scamadviser user, January 3, 2023.

ESSOMILLANNI Trading Assets

According to the company’s website, there are three available asset classes that can be traded:

• Forex currency pairs – EUR/USD, GBP/USD, AUD/JPY…
• Stocks – Boeing, Apple, Nike, Microsoft…
• Crypto – BTC, ETH, LTC, USDT…

To reiterate, the company is not licensed to provide Forex and CFD trading services. You shouldn’t be trading instruments on an unregulated platform. Offshore Forex scams such as ESSOMILLANNI and stockcore often rely on offering super high leverage and attractive spreads. However, this company did not reveal anything about the trading conditions.

If you fell victim to the ESSOMILLANNI Scam, we can help you get your hard-earned money back. 

ESSOMILLANNI Withdrawal Process

ESSOMILLANNI listed several methods that can be used to deposit and withdraw funds:

• BTC;
• ETH;
• LTC;
• PerfectMoney; etc.

The minimum deposit is 10 USD and the minimum withdrawal amount is just 1 USD. The company doesn’t charge any fees. The bad news is that the majority of payment options are cryptocurrencies. Thus, the scammer can accept payments and remain anonymous.

What’s even worse is that such transactions are extremely hard to reverse. You will need professional assistance, which we happen to offer. We can help you by tracing your transaction and making the whole refund process possible. 

Customer Support and Referral Program

ESSOMILLANNI claims to offer 24/7 customer support through email and Telegram. The company states that its email support team will respond to inquiries and questions within 24 hours.

It is also emphasized that users can contact ESSOMILLANNI via Telegram for an instant solution. We must stress that proper customer support, while a positive aspect, does not necessarily indicate the legitimacy of an investment platform. Scammers can also provide responsive customer support as a tactic to gain trust.

The ESSOMILLANNI affiliate program allows participants to earn additional profit by referring new investors to the platform. Commissions are structured based on the deposits made by the investors brought in.

The initial commission rates are as follows: 3% – 2% – 1% – 0.5% – 0.25% from each deposit. These commissions are immediately added to your balance and can be withdrawn. The whole referral program smells like a Ponzi scheme.

Key Information To Consider About ESSOMILLANNI

ESSOMILLANNI is an unreliable offshore investment scam, claiming to be based in SVG. This scammer, active since 2021, mainly targets users from Italy, Germany, and Vietnam.

Please avoid this company at all costs. If you lost money to the ESSOMILLANNI Scam, please contact us for help. Our experts can trace your transaction using CipherTrace, an advanced crypto-tracing software. Once we trace your transaction to a wallet within an exchange, you can request a refund from the exchange.

Here you can book a free consultation and find out what to do for a start.

FAQ Section

What Is ESSOMILLANNI?

ESSOMILLANNI is an offshore investment scam. This fraudulent company is not regulated or licensed to provide Forex trading services.

Is ESSOMILLANNI A Legit or Scam?

ESSOMILLANNI is a scam, 100%. This company is not licensed to provide services. If you are a victim of this scam, contact us for help.

Wha Is The Investment Conditions in ESSOMILLANNI?

All you have to do is deposit the minimum requirement of 10 USD. Don’t do it because ESSOMILLANNI is a scam.

Secure and friendly trading platform provided by TradersHome offers no safety and quality trading. This SVG-based firm is so devious and cruel in their scam operations they earned a place on blacklists of multiple regulators. 

By now, our readers are probably well familiar with the principles of SVG unscrupulous firms. Stay tuned to read more on the newest scam methods presented in the following TradersHome review.

Multiple Blacklists

Small businesses existing in SVG and engaging in brokerage activities aren’t overseen by the domestic regulator. This has allowed TradersHome to profit by defrauding customers, which has come to the attention of several reputable regulators. The following financial watchdogs have blacklisted TradersHome as scam:

• Financial Commission
• CONSOB
• FINANSTILSYNET
• CNMV
• DFSA
• AMF
• NSSMC

Nothing is a better confirmation of a broker being a scammer than when they get a public warning against them. TradersHome is unsafe for trading, doesn’t store funds in segregated bank accounts and freely access the clients’ deposits. 

Apart from financial security, they lack negative balance protection, leverage restriction to 1:30 and compensation funds. Fantex operates in similar ways. Avoid both at all costs!

Number of Victims Increases

It seems that offering unrealistic trading conditions, state-of-the-art software and lowest costs in the industry is producing good results for TradersHome. More victims are buying into their lies and the number of defrauded investors is another reason why authorities have put a stigma on this broker. 

None of the promises of getting rich will come to life. Entire profit made is fake and the withdrawals are impossible. Scam agents may convince you otherwise, but believe us when we say the financial authorities have the means to detect swindlers. And TradersHome is one of them. The countries where they mostly operate are the following:

• Ukraine
• France
• United Kingdom
• Germany

Refuse any suspicious offer sounding too good to be true. And if you want to take back your investment, feel free to contact us. We can work on filing a chargeback and getting your capital back promptly. 

Fake Reviews Can Mislead You

TradersHome has a claimed profile on TrustPilot and they seem to be getting nothing but positive feedback. Let us tell you immediately that these come from the reviews selling networks and none of them sound credible. It is far better to trust what regulators say. 

We’ve found one review that is actually honest:

“I had an account and the first weeks it all went fine. […] Last week, all trades were closed and my account is even negative. DO NOT trust them as you are not important because only money counts for them. They have all kind of tricks and traps to get you in and create their situation to explain why it is your fault it goes wrong. They also ask more and more money. DO NOT risk your money. Tradershome is not regulated and they do whatever they want with you and your account.”

Secret Costs

One way to recognize fraud is the lack of transparency. Especially when it comes to trading costs, fees and potential commissions that the broker charges. TradersHome offers ridiculously high leverage of 1:400, which is against all regulatory rules of Tier 1 licensing entities. Moreover, the transparency fails when they should share the spreads and other costs, like withdrawal fees. Legal docs are also very unenlightening about any of these elements.

Unreachable Web Trader

The website boasts about featuring the latest technological discovery in the field of online trading. Alas, this revolutionary web trader is not available for any kind of preview unless you open an account first. Since that didn’t work, we got no chance to try it out. 

Despite the obstacles, we can already assume why TradersHome is being so mysterious about their terminal. The web trader is the simplest form of a trading platform and is borderline useless. Scammers easily manipulate it to their benefit so that explains why it is found so commonly among unregulated firms. 

Tradable Asset Groups

The TradersHome offer of financial instruments doesn’t stand out among others in any way. On the contrary, it’s quite limited and includes only the basic and most popular products like:

• Global Currencies (EUR/USD, EUR/CHF, USD/AUD, USD/JPY)
• Spot Commodities (Spot Gold, Spot Silver, and Crude Oil)
• Spot Indices (S&P 500, Dow Jones, Nikkei)
• Spot Energies (WTI Crude Oil , Natural Gas, and Brent)
• Cryptocurrencies (BTC, BCH and ETH)
• Shares (Tesla, AstraZeneca, Ferrari, Porsche)

Pricey Account Types

The six account types that the broker offers are promising low floating spreads, no slippage and best ordering execution. We highly doubt that is actually the case, especially considering that TradersHome has multiple warnings on them for operating without a license. 

To refer to the anonymity problem yet again, the packages aren’t precise about the features they include. Everything seem to be wrapped in secrets except the jokingly high prices:

• Student – $250
• Starter – $2,500
• Premium – $10,000
• Advanced – $25,000
• Pro – $50,000
• VIP – $100,000

Demo Account

How helpful would it be if TradersHome allowed newbie investors to trade risk-free during a certain period. It is absolutely crucial to first get familiar with the trading environment before you invest. However, because TradersHome has things to hide, they do not allow trial-trading. 

TradersHome Withdrawals as a Greatest Problem

Due to not being allowed into the client area, we cannot say what funding methods are available and how withdrawals work. Let us just warn you that unscrupulous websites make it extremely hard to take back your initial investment. Their tricks and excuses include additional documents being necessary, like photos of your ID, credit cards and passports. This is a great addition for their identity theft side projects.

Also, to instantaneously make it even less possible to get a hold of your frozen investment, scams like GfxRoyal and TradersHome can cut off any communication channels. Let us elaborate on that.

Customer Support Doesn’t Reply!

When we struggled with opening an account we used the online form to reach out to support service. Even after enough waiting, we got no reply whatsoever. The error with the TradersHome login said to use online chat to ask the support for help, but that feature doesn’t exist on the site! 

TradersHome provides email addresses, a phone number and online submission form to get in touch with the customer support. We doubt any of them work. It wouldn’t be a first.

TradersHome – Final Thoughts

Once again we’d like to remind you to stay aware of the number of blacklists where TradersHome appears. That is your proof of this firm being nothing but a dastardly scheme profiting off the misery of others. 

If such fate becomes your burden, please contact us immediately. As soon as you find out you’ve been scammed, reacting quickly is of vital importance. You can avoid the headaches and the endless wait by referring to our legal experts for help. We can offer you guidance, and the first consultation isn’t even being charged!

FAQ Section

Is TradersHome Regulated?

No, they’re not and multiple Tier 1 regulators confirm that – CONSOB and CNMV being just some of them.

Which platforms are supported by TradersHome?

What TradersHome advertises is a web trader. However, without an account, we could gain insight into the offer.

For which type of trader is TradersHome best suited?

No one! This website is a complete scam and an anonymous cyber thief, so stay away and contact us momentarily if you’re having issues with withdrawing funds!