AllCryptoMarkets was a typical online trading fraud. The brand has never listed its owner, legal jurisdiction or headquarters. According to the website, it was enough to comply with the laws and regulations of your country.

However, brokers cannot just decide where the jurisdiction will be. It’s determined upon establishing a registered business in the country of service.

Since we cannot uncover this, we can already conclude that AllCryptoMarkets was not a legitimate firm.

What About AllCryptoMarkets Regulation?

AllCryptoMarkets has never disclosed the owner or legal jurisdiction. Of course, not to mention any license or business registration number. Usually, when firms hide this core information, they’re based offshore or in Eastern European boiler rooms, away from legitimate regulators and their oversight.

Why Is It Important For A Broker To Be Licensed?

Any broker that wants to have a legitimate business needs to opt for a license. Regulators have been divided into 3 tier zones based on the requirements they have for Forex firms. The offshore zone is the loosest, while regulators such as the UK FCA, Australian ASIC, and German BaFin can be considered the firmest.

Since we already confirmed that AllCryptoMarkets has no regulations whatsoever, not even offshore ones, you can conclude that running away with funds was not that hard.

Also, we want to invite you to read our recently updated reviews of fraudulent brokers Battle Trade, Capartners LTD and Finvis. Be careful with these brokers.

How Reliable Is AllCryptoMarkets Broker?

AllCryptoMarkets was a fraudulent online trading broker. The website is currently inactive. Since the firm provided no information about owner or headquarters, not to mention regulation, it easily vanished with clients’ funds.

Traders Reviews About AllCryptoMarkets.com

Surprisingly, AllCryptoMarkets reviews were quite solid. The firm looked legitimate, and if you wanted to get the impression from others, you would say you’re in the right place. It was easy for fraudulent firms to open several accounts and write their own reviews.

However, the utmost proof of the scheme was when this broker vanished with all the clients’ funds and never even tried to return the stolen money.

What Platforms Does AllCryptoMarkets Offer? – Is There Any Platform At All?

While it was hard to reach the part where you could see the platform, once you finally got there, you were provided with a basic WebTrader. Unlike many firms that allow clients to check their software before investing, AllCryptoMarkets made everything difficult.

You had to sign up with the broker’s employee on the line and get a special code to gain access to the platform. This was a bit extreme, and the firm probably tried to hide that it had nothing to offer.

No Signup Page – Scam Calls And Promo Codes

If you wanted to register with this broker, you couldn’t do it directly from the website. You needed their employee on the line, a special page, and a promo code. Only if you have all three could you finally create an account and access a trading platform.

AllCryptoMarkets.com Broker – Countries Of Service

The firm mainly operated in Australia, New Zealand, and Cyprus. However, scammers rarely choose. Once they figure that they could steal the funds, they will go anywhere.

We’re sure that AllCryptoMarkets scam victims are to be found all over the world, and we have a message for you. Report the scam right away.

AllCryptoMarkets.com Trading Instruments – Lure Into Scheme

Once you finally get a view of the platform, you can be amazed by the broad range of trading instruments. This firm surely wanted to cover all the assets and provide market diversity. Clients could invest in:

• Currency pairs – EUR/USD, GBP/USD
• Commodities – gold, oil, silver
• Indices – NASDAQ, FTSE100
• Shares – Amazon, Apple, Google
• Cryptocurrencies – Bitcoin, Ethereum, Ripple

While the offer was quite large, it was all a lure for innocent clients to buy the story. This firm was nothing but a fraud, proving it when it disappeared with all the funds.

In the meantime, avoid scammers like BSTrade, TradingBloom and Warden VC. If possible, tell us about your scam experience.

AllCryptoMarkets Minimum Deposit

The website’s main page suggested that the initial deposit is $250. This is pretty much a standard, and we have nothing against it. However, when required by an illicit scheme, this deposit is too high.

There’s no reason to risk as much with an anonymous fraud if you can open an account with a legitimate firm and start with as low as $10.

AllCryptoMarkets Trading Conditions

AllCryptoMarkets indeed chose trading conditions carefully, trying to look more attractive.

Leverage And Spreads

The spread was quite tight, ensuring to beat the competition. At the same time, the leverage was up to 1:500, with the broker’s promises that it’ll work in your favor and you will be able to make higher profits with the company investing alongside you.

In reality, high leverage can bring higher returns but also higher losses. While you can make 500 times more money, you can lose the same.

AllCryptoMarkets Deposit, Withdrawal Methods, and Fees

The broker accepted deposits via:

• Debit/credit cards
• Wire transfer

However, all the transactions were through a third-party processor called Jubiter. This is a favorite tool of scam brokers, converting your deposits to crypto and make transactions harder to track.

Fees were insignificant since this firm was not after legitimate profits. Instead, it aimed to steal your money and vanish, which ultimately happened.

Scammed by AllCryptoMarkets Broker? – Let Us Hear Your Story

If you or someone close to you has been scammed by an AllCryptoMarkets broker, let us know. Our chargeback specialists have experience dealing with these types of scams and can help you out.

But What Is A Chargeback?

This is a way for your bank to reverse the transaction and recover stolen funds if you can provide sufficient evidence. Contact us via online chat to book a free consultation, and let’s recover your funds before it’s too late.

What Is AllCryptoMarkets?

AllCryptoMarkets is an online trading Forex and CFD provider that vanished with clients’ funds.

Is AllCryptoMarkets a Scam Broker?

AllCryptoMarkets is a scam brokerage that vanished without returning clients’ money.

Is AllCryptoMarkets Available in the United States or the UK?

The broker provided its services to UK citizens but not to the US.

Does AllCryptoMarkets Offer a Demo Account?

No, there was no Demo account with the AllCryptoMarkets broker.

The FewaTrade Review will spit facts about this copycat scammer, whose sole intention is to steal your money. Despite analyzing countless similar schemes, these fraudsters never cease to amaze us with the lengths they go to.

Anyways, this case will be cracked using valid arguments against the illicit broker so stay tuned. First, we must address the most important issue, which is the lack of a license.

Additionally, we strongly advise you to avoid the fraudulent brokers OpoFinance, TargoSwiss, and Eurinvesting.

Is FewaTrade a Safe Company Or a Scam?

Not only is FewaTrade a preposterous scammer, but it is also a copycat. The phony shamelessly used the website of yet another fraudulent broker known as FidnaFX. There’s also mention of a certain Axos Trade FX on the home page. Moving on, we’ve got a fake US address and a UK phone number, side by side. 

Additionally, the legal section of FewaTrade says that the provider operates under OliNo Energy B.V. Upon searching for this company, we’ve found one such entity based in the Netherlands. 

Here you can see that the company has no “children,” i. e. subsidiaries. So, there’s your proof that FewaTrade is unlicensed and risky.

Dealing with FewaTrade is not recommended. The firm is unlicensed and has many negative reviews.

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

We’ve checked the websites of top Tier 1 regulators that could be associated with this fraud and found nothing. No info on FewaTrade on the UK’s Financial Conduct Authority (FCA) or the US Commodity Futures Trading Commission (CFTC) and National Futures Association (NFA). Never trust con artists like this one and instead opt for licensed providers.

What Platforms Does FewaTrade Offer? – Available Trade Software

You know when teenagers start caring about the latest fashion and begin to wear similar shirts or put on popular sneakers to show off? Scammers aren’t that different. They all go to the TradingView website and pick up a couple of charts to seem legit.

In addition to that, they brag about offering the “No. 1 Trading Platform” when all they really have is an awful and recycled web-based trader. Plus, there’s no demo account available to allow clients to see the platform before using it.

What Can I Trade?

The listed trading assets are more or less the usual – Forex currency pairs, commodities, indices, stocks, etc. A special emphasis was placed on cryptocurrencies, which include Bitcoin, Litecoin, Ethereum and Ripple. Allegedly, you can trade on a PC, tablet or mobile phone.

The “Crypto” section is where the scam broker really starts tearing into its own lies. Now, Meta Trader 4 is suddenly mentioned for Bitcoin trading. If the fraudster really had Meta Trader 4, wouldn’t it be logical to display it on the very first page? After all, that is the leading software in the game.

What Do We Know About FewaTrade Account Types?

There’s no information at all regarding the broker’s account types. Naturally, we assume that there are none. At least FewaTrade isn’t getting ahead of itself and is aware of the limitations that accompany its scheme. The fraudster’s one and only goal is to get that $100 initial deposit.

Can a Trader Use a Demo Account?

There’s no demo account available. Why you might ask? Because the scammer has nothing to offer, no trading platform for you to check out. Its plan is to persuade you to invest the minimum deposit. Once you do, it’s game over and you’ve lost. 

Also, avoid the trading frauds Winnex Consulting, RevolutExpert, and PilotGain at all costs! Moreover, before investing, always look into the past of internet trading firms!

Deposits & Withdrawals

Here we see an old-fashioned textbook scam. Pre-paid credit! FewaTrade cannot be serious! Of course, this type of credit is not linked to any bank account, thus the process is completely anonymous and perfect for fraud. As you may have imagined, that’s the only relevant piece of information on the unscrupulous broker’s website about payments.

The only thing we’ve found is a “Live Payouts” section designed to fool you into believing Fewa actually pays clients. This table was made in a clever way to randomly generate these fake Bitcoin payments.   

What Is Known About FewaTrade’s Trading Conditions?

This section gives rise to uncertainties, mainly due to insufficient data. What we do know is that the leverage can be set at 1:20. Most crypto exchanges reduced the allowed leverage from 1:100 to 1:20 to avoid a regulatory storm so our scammer actually managed to get it right this time, probably accidentally.

Spreads weren’t disclosed, they were simply described as “competitive.” For Ethereum trading, a margin of 50% must be met.

Why Do Scammers Prefer Cryptocurrencies?

Nowadays, even kids learn how to hide their phone numbers when doing prank calls. The same goes for scam brokers. They prefer crypto because it is hard to track down and allows them to remain anonymous. From the shadows, they prey on unsuspecting victims’ wallets.

Scammed by FewaTrade Broker? – Let Us Hear Your Story

We feel for you if you’ve been scammed by this fraud, especially considering the pre-paid credit condition. Your only hope is the police in this case. However, we can mitigate your pain by reporting the scammer!

The main takeaway here is to never trust such liars that do not own a license. Instead, always look for transparency when giving your money to a provider.

What Is FewaTrade?

FewaTrade claims to be a broker that’s part of OliNoEnergy B. V.

Is FewaTrade a Scam Broker?

FewaTrade is indeed a scam broker because it is unlicensed and fake.

Is FewaTrade Available in the United States or the UK?

The broker provided a US address and a UK phone number, implying that it mainly targets individuals from these two countries.

Does FewaTrade Offer a Demo Account?

FewaTrade does not offer a demo account on its website.

EuroTrades broker has been with us for quite a while, but it’s changing its form. While it used to be an offshore broker owned by Trade Up Ltd, along with SimpleTrades and Trades.com, this company currently goes on its own. Is it because the Italian regulator issued a warning against Trade Up Ltd or because this firm is actually trying to be legitimate?

 Read our EuroTrades review to find out.

Is EuroTrades Regulated? – Important Things to Know

As mentioned, the broker EuroTrades was owned by Trade Up Ltd from the Marshall Islands. The company had no license whatsoever and didn’t follow any rules, resulting in the regulatory warnings.

Currently, the EuroTrades Forex broker is on its own, stating that the owner is Eurotrades.com, but not providing us with any details related to the company.

What’s Wrong With A Trading License? 

Since looking for the EuroTrades regulation gave no results, we can conclude that nothing has changed. If the firm is still unregulated, your funds are still at risk.

Regulatory Warning Against EuroTrades Fraud

Despite splitting with Trade Up Ltd, EuroTrades’ complaints didn’t stop. That’s how we got an official warning from the Belgian regulator, FSMA.

Official Warning Issued by FSMA – Evidence of Fraud

FSMA announced that eurotrades.com is an unregulated domain that operates without a license conducting scheme. Beware.

In addition to the above, we strongly advise you not to invest in GMGroup, Warden VC and FullMarkets  fraudulent brokers.

Where Is EuroTrades Trading Scam Active?

EuroTrades trading scam mainly affects:

• Poland
• Croatia
• Italy
• UK
• Greece

Note that this firm can target anyone as an illegal broker, and don’t give your money to fraudsters.

EuroTrades Platform Review – Available Trading Software

While we may praise the EuroTrades trading platform as the only good thing, even this aspect is not as perfect. The company provides MT4, but trading terms are far from ideal.

EuroTrades MetaTrader 4

As we all know, MT4 is the best platform out there, and with the MT5 makes a perfect duo. But if you have an illicit broker that offers you leverage up to 1:400, the platform doesn’t matter. Regulators across the globe limit leverage for the Forex market to 1:30 or 1:50, while other assets are at an even lower limit. Yet, it seems that EuroTrades just doesn’t care and does whatever. Also, the spread is undisclosed and there’s no Demo account.

Mobile Trading App for Apple and Android

As with any MT4, EuroTrades login is enabled via mobile too. Both Android and iOS users can access their accounts quickly. Yet, with the same unregulated conditions.

EuroTrades Trading Instruments – What Can I Trade?

EuroTrades makes quite a fuss when it comes to trading instruments. They say they provide CFDs, and then they list all the CFDs underneath as separate assets. However, from our understanding, clients can trade with:

• Currency pairs
• Commodities
• Indices
• Shares

Also remember the names of the Gitex Capital, IGM Holdings and TudoFX trading scams and avoid them at all costs! Moreover, always check the background of online trading companies before investing!

Trading Accounts – Demo & VIP Accounts

There are 4 EuroTrades account types, including:

• Micro – $1
• Classic – $1,000
• Eurotrades Premium – $5,000
• VIP – $30,000

Accounts differ in leverage, withdrawal charges, and the account manager’s seniority level.

Demo Account – Trial Account

While we would like to check out everything stated on the website, the EuroTrades Demo account doesn’t exist, and we are unwilling to deposit money with a scam firm.

EuroTrades Deposit Methods – How To Deposit?

EuroTrades’ minimum deposit is only $1, but realistically, you cannot make any profits from that. This is why you will be constantly pressured to invest more. The company allows depositing only via credit/debit card and cryptocurrencies, indicating that something is not good. You cannot trade crypto, but the company can make money from you depositing it into their wallet.

If you really want to check out EuroTrades broker, do it via credit card; you will have up to 540 days to request a chargeback.

Scammed By EuroTrades Broker? – Talk To Our Recovery Experts

If you fall victim to the EuroTrades scam, it’s time to contact our specialists. We’re here to hear you out and help you file a dispute for a chargeback.

Contact us via online chat to book a FREE consultation, and let’s get your money back from scammers right away!

Can I Trade Cryptocurrencies And CFDs With EuroTrades Broker?

You can trade CFDs, but cryptocurrencies are not an option with EuroTrades.

Does EuroTrades Have a Mobile Trading App?

Yes, EuroTrades has an MT4 mobile trading app for Android and iOS.

Are My Funds Safe With EuroTrades?

The broker has been blacklisted in Belgium for fraudulent activity, meaning your funds are not safe with such.

Deceptive tactics of this illicit firm shouldn’t be taken lightly. Under the mask of a legally established and heavily licensed conduct lies a malicious intent to defraud every single victim that falls for the trickery. 

After thorough research we bring you this AAAFund review to teach you about some clues you can use to recognize such schemes and rely on what authorities recommend. 

How Clones Operate

Having a similar name like a regulated firm helps these miscreants appear legit, but only until you consult the jurisdictional authorities. The AAAFund scam tries to forge connection to AAA PERFORMANCE LTD, which is a supervised UK firm, as FCA confirms. Their website is actually aaaperformance.co.uk and not aaafund.io – the swindler we’re reviewing. FCA has issued a warning on that matter.

After determining that this is nothing but a poor attempt at building fake credibility, we’d like to advise you not to engage in any trading activities on this domain. Speaking of faux brokers, you should also know of VastWealth – another financial swindler also blacklisted by the diligent FCA.

Lies Instead of Genuine Service

Nothing that faulty or seemingly flashy brokerage sites have to offer could be any useful to Forex investors. However, they skillfully try to conceal their real purpose and intentions with the help of boiler room agents. These are eager to dive into pestering potential victims to invest in these untrustworthy but attractive deals. 

It takes patience and a lot of verbal skills to convince anyone to risk their capital, but the scam agents do it by using promises of quick gain, facilitated trading through AI software and a ton of bonuses. 

Apparently, this fake Forex dealer is especially focused on the following audience:

• Italy
• United Kingdom
• Albania
• Argentina

Active for less than a year, this domain was created in April, 2023, and still mercilessly robs traders that fall for the trickery.

Reviews Display Contempt

Customers that were dragged into the sham have apparently nothing good to say about any aspect of the services offered at aaafund.io

According to the Trustpilot ratings, these swindlers have earned an average score of only 2.8 out of 5, and reasons for that are many. Apparently, the customer support pays no heed to their duties, withdrawals do not happen and the overall treatment of clients is beyond shameful. 

Trading Terms Unrevealed

Besides the leverage ratio ranging from 1:100 up to 1:500 and spreads of 3 pips, no other concrete trading conditions are given. 

Instead of explicitly stating what is the trading commission present on each account type, we can only find descriptions such as “fixed” and “negotiable”. That is not even nearly enough transparency to help potential investors decide if the offer is any good or not. 

The lack of legal documentation additionally lowers the value of the entire deal. Blacklisted platform that offers no clarification on anything, including the fees, doesn’t quite instigate trust and motivation to invest in it.

Trading Tools and Features

Overly expensive accounts, a hardly functional platform and a bunch of glitches easily reveal the potential of it all. While the boiler room agents may try to convince you that schemes like this one and GroupTFM are worth your cash, we strongly advise you not to invest a single penny in any of these fictitious services and features. Here’s each of them described. 

Software You Can’t Trust

The overly simplified web terminal is easily accessible, as soon as you register for a trading account. The messy layout doesn’t help sort the information and the lack of any advanced functionality is beyond disappointing. 

Everything we saw here only reminded us of a number of other fraudulent sites that use dirty tricks like market data tampering in order to manipulate traders. That is why, after all, the majority of these textbook frauds actually force usage of this single web trader.

Choice of Markets

The AAAFund trading process is questionable at best, so we cannot simply claim the instrument groups provided do anything except try to appeal visually to the victims. The range of asset allegedly available for buying and selling are the following:

• Forex (EUR/USD, EUR/GBP, USD/CAD)
• Commodities (Wheat, Sugar, Cotton)
• Crypto (BTC, ETH, LTC, ADA, DOT)
• Indices (NASDAQ, DAX, CAC, FTSE)
• Metals (Silver and Gold)
• Stocks (Tesla, Meta, Nvidia)

Exorbitant Account Prices

Signing up for an account on this server offers hidden benefits if you use a Promo code. Since we had none, we signed up regularly and were surprisingly allowed to do so despite not entering the said code. 

Although the registration process is quick, the sensitive information you’re required to share could easily be stolen, so refrain from buying a membership here. 

Packages themselves offer just empty promises of astonishing service and very little transparency. The prices though are quite funny for a worthless product:

• Basic – $250
• Standard – $20,000
• Advanced – $200,000
• VIP – $500,000

Questionable Payment Methods

Out of several advertised funding channels, only bank wire seems to be enabled for transactions. Upon gaining access to the client dashboard, each user is urged into sharing their bank details. Doing that will subject your personal data to theft and misuse, so please refrain from it. 

Instead of legal documents that should explain how the AAAFund withdrawals and deposits work, we only found a contact form on the page that should be dedicated to legal matters. 

Where Has Support Gone?

While encouraging their customers to rely on them for guidance, it seems that the support office members do not even exist. What are then discontent users supposed to do when no one replies to their online tickets and emails? 

The fraudsters apparently do not care about that in the slightest, and only want to build a wrong impression about their concern and care for clients.

Don’t Forget – We Offer Chargeback Support!

Dealing with fraudulent cybercriminals online is oftentimes harder than you’d expect it, especially if you lack experience with online trading platforms. That’s why we’re here – our legal professionals can help you every step of the way. 

By offering their guidance and wisdom, our chargeback experts can aid you in the process of getting your money back. Contact us today and book your free interview!

FAQ Section

What is AAAFund?

The site is a fraudulent attempt to scam Forex newbies based on cloning legitimate firm’s data.

Is AAAFund a Legit Broker?

No, not in the slightest. The business is not registered legally and has a FCA warning published against them.

How to Recover Money From a Scam Brokerage?

Although we cannot guarantee 100% effectiveness, every issue is worth the try. Contact us for details and input on what to do in case of scam.

Markets Invest is not one of those fully transparent brokers. They are hiding their ownership, license details and exact office address. For a UK broker, that’s quite disappointing.

Is it just a technical error or they are hiding something, we are about to discover in this MarketsInvest review. Stay tuned because you can learn how to protect yourself in some specific situations.

Legal Info: Is MarketsInvest Legit Or A Scam?

MarketsInvest is one very easy broker to be investigated. To find out if they are legit, you just have to check the FCA register. Since they are not there, you can consider it already a scam. But before we jump to a conclusion, we didn’t lose hope. Instead, we checked other trusted regulators. For instance, BaFin, ASIC and CFTC. Yet, the results were the same.

Consequently, all their promises about Tier 1 banks, segregated accounts and protection become questionable. Therefore, nothing positive to expect from this broker. Here is proof and a warning from the FSMA.

Who Are MarketsInvest’s Clients?

The company claims to be registered since 2019. Even though the domain has existed since 2013, that’s hardly their ownership the whole time. Instead, they might be buying domains and changing brands from time to time. Especially since their current domain is for sale. Currently, they are targeting traders from:

• France
• Italy
• Portugal

If you were one of their victims, feel free to contact our refund team for advice.

Investment Costs With MarketsInvest

Considering their lies about regulations, you can’t trust their trading costs either. Primarily because the broker offers leverage that is not allowed by any reliable regulation. 

Instead of 1:30, you can get up to 1:200. Even though they claim to have tight spreads from 0 pips and low commission, it’s hardly believable.

MarketsInvest Trading Features

All their trading services are focused on trusted software and regulations. We already denied trusted regulations. Now, the software that the company offers is MT4. Besides, you can choose also TradeEvoliuton, FIX API and Direct ECN.

According to the company, you can also use automated trading features. However, without regulation everything is questionable.

Is MarketsInvest Legit?

Marketsinvest.com broker is far from legit, primarily because of misleading traders about regulations. Secondly, they offer highly risky trading conditions without any protection. 

We’re not to mention missing details, terms and conditions. But also the office address and much more relevant information. Another shady broker example you can find in our CMMCI Securities review.

Available Trading Assets

Tradeable assets with this broker are not something to brag about. They only offer a few categories with missing cryptocurrencies. Even though that’s the most favorable choice nowadays. Anyway, you can choose from: 

• Currency pairs – GBP/AUD, HKD/SGD
• Commodities – gold, crude oil
• Indices – CAC40, DowJones
• Shares – Nvidia, IBM

Account Types

Account types with Markets Invest don’t offer many tradeable benefits. At least not transparently. Thus, without regulation that could be their tool to make you deposit more money. Anyway, the options are: 

• Beginners traders
• Professional traders

Mobile Trading App

In general, the company has good software choices. But the most important ones, like MT4, offer also mobile apps. Therefore, we suggest you stick with it, primarily due to high reliability and no option for manipulation. To see how that works, we suggest you check our Fantex review.

Demo Account

Surprisingly, the MarketsInvest scam broker doesn’t offer a demo account. Even though that’s the standard package with some software choices. Even though they offer micro lot trading, you still have to deposit money with this scam broker.

Education

Important to realize is that the MarketsInvest broker doesn’t have any educational package. For UK brokers, especially regulated, that is not possible. But yes, MarketsInvest is not regulated.

MarketsInvest Withdrawal

Of course, the company has a disclaimer that all the delays during withdrawal might be up to the bank. This might be true, but without regulation, it seems like an excuse for them. Or at least cover up story. 

Allegedly the company doesn’t charge any withdrawal fees and they process withdrawals mostly on the same day. But if you hear some AML laws excuses or get request to pay the fee, know that you are in a problem.

Customer Support

Another anomaly with this scam broker is their customer service. It seems they are available only via e-mail and live chat. Yet, there is no other more transparent option available. Generally speaking, these shady options leave them room to ignore all of your requests. Especially if you have withdrawal problems.

Key Information To Consider About MarketsInvest?

In the first place, the company is misleading traders about regulations. They are a completely anonymous company without legitimate registration. Also, there is a highly suspicious domain. Even if we exclude that, the company doesn’t offer any protection. But they offer risky trading conditions. Ultimately, it all comes down to withdrawals.

If you experience any problems there, don’t hesitate to reach out for assistance. Our refund team can advise you on the following steps. Most importantly first meeting is free. So, what’s stopping you? Get in touch now.

FAQ Section

What is MarketsInvest?

MarketsInvest is an anonymous broker offering FX and CFD trading features since 2019. Allegedly from the UK.

Is MarketsInvest Regulated?

No. The company doesn’t have any valid licenses. Especially not FCA. Instead, they have a warning from FSMA.

When was MarketsInvest founded?

According to the company in 2019. In any case, if you have any withdrawal problems with them, contact our refund team immediately for assistance.

Promises in broken English, simplistic design, and cheap mobile website layout are pretty much everything this site has to offer. 

The company running the scheme is completely anonymous and shares absolutely no information about their business. This is an immediate warning sign that can’t be overlooked. However, this Gemostones review has more to present you with, so read on.

Key Signs of Fraud

The Gemostones exchange’s simplified website doesn’t disclose any particularly valuable corporate information. Some traces of legal documents are present, but they, too, reveal nothing of use to our investigation. The exact location of the company’s headquarters, its phone number, or anything else remains a secret.

The Terms of Service mention one company called Management US Holdings, Inc., but without any additional information, we couldn’t determine if this firm even exists. However, the name resembles BAM Management US Holdings, Inc., the owning company of Binance. 

Of course, these two have nothing in common, and the Gemostones crypto scam is not part of a reputable conglomerate.

How They Entice Victims

Promises of passive income and stable earnings have never left anyone indifferent. This idea is especially attractive to novice traders who don’t have enough knowledge and experience to profit big yet. That’s why they fall for these common lies and attempt to earn quickly by investing in such suspicious proposals. 

This financial swindler has been using these tactics since the website’s inception in October 2023. So far, they have mostly managed to steal from investors that reside in these countries:

• United States
• United Kingdom
• Canada

We advise you to immediately contact our support if you have invested money in this portal and are unable to withdraw it. Our recovery solutions can help you track and recover your assets.

Users Don’t Believe Promotions

The company owners are well aware that traders are willing to risk their life savings for a well-presented lie about quick profit. That’s why they posted a false Gemostones review on one of the most frequented sites – Reddit. 

However, it appears that the traders are not buying it and are starting to see through the deception, saying that the offer sounds fake and is simply too good to be true. This is a typical strategy by every other textbook fraud, including Forex Titan Exchange.

All Costs Hidden

Another warning sign that can’t be missed is secret costs. The company doesn’t reveal the maximum trading leverage or other costs. Therefore, handling fees, network fees, transfer fees, and other potential charges are all unrevealed. 

This is a common occurrence with platforms that are trying to scam you out of your money, so don’t trust them when they claim not to charge any costs.

Feeding the Ponzi Scheme

Bonuses on this site comprise affiliate commissions that work on five levels that are unlocked after you create a Gemostones login. Your first affiliates bring you 5% of their deposit, next-level referrals bring 4%, and so on until the last level and the 1% bonus. This is how typical Ponzi schemes operate, so it would be wise not to become a part of it all.

Worthless Offer of Tools

Just one look at this sloppy website is enough to determine that it can’t be trusted and has nothing of value to offer. Advanced and established crypto portals ensure that their interface is comprehensive and intuitive while packed with many various features. None of that is available on this useless site.

Binary Options Trading App

The Gemostones app sports a simplistic user panel with only long and short buttons. It does not offer advanced analytical options, so clients can’t rely on it for market insight and more complex feedback. Not even the rudimentary and most common customization options are available.

Narrow Choice of Coins

Very limited and shamefully small, the Gemostones coin offer only has several most popular currencies to display. Some frequently traded digital assets like TRX, XRP, ETH, DOGE, BCH, BTC, ADA, LUNCH, and MKR exist. That’s all there is, and these currencies are traded against USDT. 

How to Register

While we do not recommend it, if you are determined to join the site, you can easily do so by providing essential contact information and a password. You won’t even have to confirm your identity to deposit crypto. However, to be allowed to submit a withdrawal request, you must pass a KYC process.

Withdrawal Troubles

After analyzing the Reddit comments, it appears that almost every user who has deposited anything on this site has issues with taking back their funds. The mandatory Gemostones withdrawal policy doesn’t exist on the site, so it’s not possible to find out how the payouts are conducted.

The FAQ page claims that mining rewards are sent to the user automatically every 14 days, but none of that can be verified. Considering that such statements come from an unlawful mining site, they’re likely lies.

No Response from Support

Defrauded clients also complain about unclear instructions from support agents and general rudeness. Once we tried to test the effectiveness of the customer service, we didn’t even get a response. Chat agents seemed uninterested in replying to our inquiries.

Get Help With Lost Assets!

All swindlers are the same – all they want is to get you to invest, just like InvestoSea does. Once you ask for a payout the troubles start. If you are facing these difficulties, we advise you to act quickly and get help from our recovery experts.

Our team of legal professionals can help you recover your funds in a quick, efficient, and hassle-free way. Book a free consultation today.

FAQ Section

What is Gemostones?

This is a fraudulent campaign that promotes stable income and massive mining rewards but only steals deposits.

Is Gemostones Legit?

Absolutely no proof exists about this firm being a legally incorporated entity with a license.

How to Withdraw My Crypto From Gemostones?

This scheme doesn’t allow any withdrawals to be made. Better contact our CipherTrace professionals that can trace crypto and help you restore your assets.

There is not much to talk about here but we nonetheless decided to do the complete Bingsaub Review and expose this crypto scam once and for all. This website is not what it presents.

Do not confuse this fake brokerage with the real BingX. If you want to learn the whole truth about the Bingsaub trading scam, keep reading. Also, we offer a solution to getting your money back if you are a victim!

What Is Bingsaub?

The most accurate answer is that Bingsaub is an anonymous website, claiming to offer a legit trading platform for cryptocurrencies. The financial swindler behind it promises hefty profits and superb trading conditions.

Nothing could be further from the truth though. The most important thing to stress here is that Bingsaub keeps pointing to some kind of connection with BingX, even using the latter’s name and logo on the website.

BingX is yet another scam broker, blacklisted by several European authorities such as the Norwegian FI and the Spanish CNMV. If there is indeed a connection between these two entities, that means trouble.

For that reason, please avoid shady unregulated brokers such as Bingsaub, BingX and FirstCapital1. Instead, find a reliable provider that operates under a reputable jurisdiction like the FCA (UK), BaFin (Germany), CFTC (US), ASIC (Australia), IIROC (Canada), etc.

What We Discovered About Bingsaub’s Regulation

In search of information regarding Bingsaub’s alleged regulation, or better yet, the name of the domain where the broker is based, we came across a short sentence in the legal documentation mentioning that all disputes are to be resolved under the arbitrage of Belize.

Could Bingsaub thus be an offshore operator based in Belize? Not really, as the Belize regulatory authority, the FSC has no data on this entity. 

This additionally confirms our claims that the Bingsaub trading scam is not regulated. There are no warnings against this anonymous website yet, meaning we must urge regulators to issue them and flag Bingsaub as a fraud.

Where Is the Bingsaub Scam Active?

When it comes to domains, i.e. countries in which Bingsaub tried to find victims, there are three in particular where the cyber con artist was active. Here is the list:

• United States;
• Germany;
• Canada.

All three of these are domains with strict regulations. Scammers are not welcome there. Especially not for anonymous crypto trading websites such as Bingsaub or Simplii Cryptos.

What Do Traders Think About Bingsaub?

Are there any complaints against the broker? You bet there are. We checked various forums such as Scamadviser and Reddit in search of other Bingsaub reviews. 

Unfortunately, it seems that the illicit broker managed to defraud several traders. Bingsaub uses the most frequent scam method – get the client to invest as much as possible, provide him with a rigged platform, cease all communication, embezzle his funds and disappear.

DO NOT TRUST THIS WEBSITE! To withdraw money, you first have to make a new transaction… The online customer service of this website never responds. It is a total fake!

– Scamadviser user, April 9, 2023.

The profit is fake. It doesn’t exist. They just take your investment and then make up numbers. They make up big profit numbers so you’re tricked into paying big fees to access it. But you can’t, because it’s not real…

– Reddit user, May 25, 2023.

What Is Bingsaub’s Range of Products?

Bingsaub offers only one trading asset class – cryptocurrencies. The platform allegedly includes all the popular coins of today, traded against either US Tether or Bitcoin:

• BTC/USDT;
• ETH/USDT;
• LTC/USDT;
• ETH/BTC; etc.

That being said, this makes Bingsaub even more dangerous and risky. The crypto market is extremely volatile, which is why you shouldn’t be trading these assets with an unregulated and dubious broker such as our little fraudster.

Trading Platform

Judging by the website content, Bingsaub offers a web-based trading terminal. There is no demo account so we couldn’t check the platform for ourselves. 

Nevertheless, our experience with scam brokers offering browser-based platforms such as AuxCapital tells us that this platform is nothing special. WebTraders usually offer just some basic charts and graphs and nothing else.

Bingsaub does not support valid third-party software such as MT4, MT5, SiriX, or cTrader, which is a huge disadvantage.  

Can I Trade on a Mobile Device? 

Yes, Bingsaub included a QR code that clients can scan using either Android or iOS system mobile devices. This link is supposed to launch the platform download process.

However, we do not recommend you download this software considering all that we previously outlined regarding the Bingsaub scam. There are many legitimate brokers that offer better services.

Is Profit Withdrawal Possible?

We highly doubt it. Even more so after reading what traders had to say about Bingsaub and how the scam works. 

Bingsaub’s withdrawal policy is vague, i.e. we could not find any info regarding the available payment methods or fees. But given that the theme of this broker is crypto, we assume that all payments are made via cryptocurrencies (BTC, ETH, USDT, etc.).

What Can Bingsaub Fraud Victims Do? – Start the Chargeback Process

Bingsaub is a foul crypto trading scam. You should avoid this financial swindler at all costs. If you are a victim of Bingsaub’s scheme, please contact us for help.

Getting your money back is possible and we will gladly help you with the whole process. Book a free consultation with us as soon as possible to go through the available refund methods. Our team specializes in using advanced software for tracing crypto transactions.

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

How Trusted Is Bingsaub?

Not trustworthy at all. Bingsaub is an anonymous crypto trading scam with no valid trading license. There are complaints against Bingsaub.

Can I Trade Crypto and CFDs With Bingsaub?

Bingsaub offers exclusively crypto asset trading. There are no CFDs available on the platform.

Does Bingsaub Have a Demo Account?

No, Bingsaub does not offer a risk-free demo account for practice.

The online forex and also CFD broker eXcentral is one of several brokers that the company Mount Nico Corp Ltd operates. They have offices in Cyprus, where they also maintain registration with CySEC. Along with eXcentral, the company also offers financial services as NicoFX and GreatSky. Despite their registration, the broker seems to be providing leverage above the mandated limits.

Trading with eXcentral

eXcentral has a diverse portfolio of assets to choose from. There are many different currency pairs and also an above-average selection of CFDs. Their CFD offerings cover stocks, commodities, indices, and also several cryptocurrency options. The spreads aren’t great at this broker. Their EUR/USD spread is about 1.8 pips. This pair can reveal the general quality of a broker’s offerings. However, a savvy investor would be hoping for much closer to the 1.0 pip.

Trading Platform

The broker gives traders access to the standard MetaTrader 4 platform. The advanced trading tools offered by this platform are useful to experienced traders. The charting and analytical tools allow traders to develop a better understanding of the markets and their positions. The broker has demo accounts available for any traders that would like to try them out before putting down a deposit.

eXcentral Trading Conditions

The minimum deposit to open an account with eXcentral is $250. The broker discloses very little about their trading conditions. Most of the information available is through their demo accounts. At least within the demo account, the broker offers leverage up to 1:400. If this is available in real positions, the broker is offering dangerously high leverage. The ESMA regulation on leverage caps it at 1:30 and most CySEC brokers, like PatronFX, abide by that limit.

Family of Brokers Largely the Same

Our eXcentral review uncovered two other brokers from the same company, NicoFX and GreatSky, have almost identical offerings. GreatSky has about the same spreads as eXcentral, along with offering high leverage. NicoFX has even higher spreads, with the EUR/USD pair at 2.6 pips. There isn’t anything unique between the three brokers. It seems like the parent company is simply trying to cast their net as wide as possible.

Problem with withdrawing funds 

Considering the confusion related to the eXcental broker and the company owner, we are not surprised to see withdrawal issues. If you don’t know where to ask for a withdrawal, there are low chances you will get it. The broker is owned by a company from Cyprus and has an international entity in South Africa.  In total, there are 4 companies somehow related to the eXcentral brand. 

We had a chance to hear from clients that the company is making a hard time withdrawing funds. For example, you are asked to submit new documents and to email another entity constantly. 

All this sounds like the broker is conducting a well-thought scam. Beware!

How does online trading scam work? 

Do not be surprised to know that even regulated brokers are running schemes. Most likely, they have one regulated entity and some sort of international or an offshore entity they use for scamming clients. For example, in the case of an eXcentral broker, this entity is in South Africa. 

Usually, clients are misled to believe they are investing in a regulated company. Once they deposit a significant amount of funds, the access to their trading account is blocked, and there is no response from the broker again. Watch out for an eXcentral scam.

Fight to Get Your Money Back Today

Even registered brokers can act against their clients’ best interests. When you find yourself unable to withdraw your funds from your broker, don’t wait another moment. As time passes, your refund chances are shrinking. Contact us today to get the chargeback process started and recover your money sooner.

FAQ

What is eXcentral?

EXcentral is an online trading brokerage owned by Mount Nico Corp Ltd from Cyprus.

Is eXcentral a scam?

The broker has several entities and many bad reviews related to withdrawal issues.

Is eXcentral trustworthy?

Based on many eXcentral reviews by investors, the broker cannot be trusted.

When you open their website, you are greeted with in-your-face text with large fonts and captivating images to incentivize your trading desires. But beyond the appealing design lies a dark secret.

This is not a legitimate trading platform. It’s a Forex and CFD hoax like Mega26. Therefore, we encourage you to read our Verbex Group review and learn the truth about this despicable scheme.

Legal Info: Is Verbex Group Regulated?

There is no valid legal documentation that would shed light on the background of this trading business, and there is no license or address, either. We only found two phone numbers corresponding to the UK and US area codes.

After consulting the internet, we discovered that the Ontario Securities Commission (OSC) recently warned against this fraudulent entity. Verbex Group is undoubtedly an anonymous website and not a legitimate trading firm. Sending them money is a terrible idea.

Instead, we recommend choosing firms regulated by recognized financial authorities like the FCA (UK), CFTC (US), ASIC (Australia), IIROC (Canada), and MAS (Singapore). These companies follow strict regulations, ensuring they provide clients with negative balance protection, segregate funds in top-tier banks, and sometimes offer compensation schemes.

Who Are Verbex Group’s Targets?

According to WHOIS, the verbexg.com website domain was created on January 18, 2024. Since then, the virtual thieves behind the platform have mainly been targeting traders and investors from the following countries: 

• United States
• United Kingdom
• Canada
• Switzerland

These countries have heavily regulated financial markets, enforced by stringent laws to prevent virtual scams and maintain financial stability. The regulation prohibits unauthorized entities like Verbex Group or SwissBorg from operating within their jurisdictions. Following the OSC’s warning, these fraudulent actors are unwelcome everywhere.

Trader Reviews – Sharing Experiences

We checked several forums for Verbex Group reviews. As of writing, the Forex black hats have received 26 comments and an average score of 2.5/5 (poor) on trustpilot.com. Many users expressed dissatisfaction regarding the platform and accused the firm of shady practices. 

“Investing in this platform should have been my greatest mistake ever. Everything turned out so bad. I begged for a withdrawal, but their support team did nothing,” one user wrote.

When looking for a transparent brokerage firm, it’s vital to consider the experiences of fellow traders and investors. Their candid reviews and straightforward feedback offer valuable insights. Before committing to a new investment, take the time to review genuine user testimonials and consult regulatory warning lists.

Which Trading Platform Is Available?

The Verbex Group trading platform’s website lacks detailed information about its functionalities. No app or download link is available, preventing us from evaluating it directly. We suspect it’s a web-based trading terminal, but the Verbex Group login page restricted our access to certain areas.

Typically, web platforms feature basic interfaces, limited tools, and advanced trading capabilities. They are also prone to manipulation, particularly if the broker is unlicensed. For this reason, we recommend opting for a regulated provider that supports established third-party software like MetaTrader 4, MetaTrader 5, or cTrader. These platforms offer advanced features such as automated and algorithmic trading, sophisticated charting, multiple timeframes, live market reports, and expert advisors.

Verbex Group Account Types

Trading Info – Leverage, Spreads, Commissions

Verbex Group offers a maximum leverage of 1:400, which is extremely high and risky. Such leverage can lead to substantial losses, so regions like Europe and Australia limit leverage for retail clients to 1:30 and North America to 1:50. Only experienced traders should consider using high leverage.

The website does not disclose trading costs, i.e., spreads and commissions. It’s alarming how negligent these crooks are. Although the minimum deposit for a classic Verbex Group account is 250 USD, which may seem reasonable, we strongly caution against trading with this untrustworthy provider.

Can Traders Use a Free Demo Account?

It’s unwise to risk your money immediately. Testing the platform with virtual funds before committing real capital is a smart strategy, allowing you to spot potential cyber risks early. 

Reputable brokers recognize this and typically offer risk-free demo accounts. Unsurprisingly, Verbex Group does not provide such an option, which is a significant omission, particularly for novice traders.

Deposit and Withdrawal Process

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

• Credit/debit cards
• Wire transfers

If you cannot get a withdrawal, it’s time to explore other ways to recover your funds. Allow us to explain how to go about it.

If you funded your account using a MasterCard or Visa credit/debit card, you can request a chargeback through your bank if the transaction occurred within the last 120 days. For wire transfers, you may be able to recall the transaction through your bank, but only if the funds haven’t yet reached the scammer’s account.

If you’ve lost crypto on the platform, that’s tough. Recovering cryptocurrency payments is considerably more difficult. It requires advanced tools like CipherTrace and expert assistance. Fortunately, our experienced team is ready to guide you through this complex process.

Key Facts To Consider About Verbex Group

Verbex Group is an anonymous website posing as a legitimate Forex/CFD brokerage firm. The Canadian OSC exposed this scheme to prevent traders from falling victim to it. The con artists mainly target American, British, Canadian, and Swiss users.

We do not recommend trading on such platforms due to their unregulated status. If you have fallen prey to the Verbex Group scam, seek our professional help to recover your funds! A chargeback is your best option. Use the form below to book your free consultation with Scam Brokers Reviews and tell us more about your case. Our team will gladly guide you through the fund recovery process and assist you every step of the way.

Book your free consultation here and start the chargeback process.

FAQ Section

What is Verbex Group?

It is an anonymous website with no regulatory credentials or trading license deceiving users.

Is Verbex Group Legit?

No, this platform is not legitimate. The OSC has issued a regulatory warning against the platform.

Who Owns Verbex Group?

The Verbex Group broker is owned by a group of anonymous cyber fraudsters, not a legal entity..

It’s not clear what this firm exactly is – while they claim to offer online trading on premier software, they also have investment plans and financial advisory services. Regardless of the amenities they promise, they’re an unregulated platform with predatory tactics.

Read the remainder of our Optimum Market review for a detailed analysis and instructions on how to recover stolen funds.

Not the Only Scam Out There

Whether intentional or not, but the site we’re reviewing is a copy of another scam site called ultimateinvestment247.com. This is probably the work of one ghost company or an organized scam group that has initiated multiple unscrupulous websites to increase their chances of reaching more victims.

Since the Optimum Market broker claims to operate out of the US, we immediately checked with the NFA register and determined that the business is not a regulated financial services provider.

In addition, the firm doesn’t appear in any other register of licensed Forex dealers. That means they’re not authorized by any premium authority, including CySEC, BaFin, FCA or any other.

Debunking a Romance Scheme

Examining the optimummarket.org scam website revealed two things. First the domain itself is listed for sale, which means that the website hosted on it is probably pirated. Second, the site was first created in late 2023.

The fraud is mostly targeting people from these nations:

• Turkiye
• Netherlands
• United States
• Canada
• South Africa

The fraud is orchestrated through a pig butchering scheme, better known as a romance scam. It involves scam promoters on several social networks who pose as entrepreneurs on sites like Threads, Instagram and TikTok.

These swindlers make first contact with the marks through online chat or dating services like Tinder or Badoo. Under the pretense of a love interest, they encourage a long distance relationship, and squeeze the victim for money through a “mutual investment fund”.

Any Optimum Market reviews posted on the site serves to create connection between the promoters and the platform. If you have invested any money with this scheme, contact our legal team as quickly as possible.

Horrible Approach to Transparency

Optimum Market trading fees are not published anywhere on the website. Clients are, therefore, unable to get information about the true costs of services or what taxes they’re obligated to pay. In that regard, legal papers reveal nothing related to costs and the firm is completely nontransparent about their conduct and prices. 

This includes all details about trading parameters, including trading commissions, leverage and fees, as well as other charges, like account maintenance, administrative costs and transaction fees.

Make-Believe Trading Environment

Shifting focus onto the trading amenities provided on the site, and immediately we can see that it’s a far cry from anything a regulated firm would offer. 

The site itself is barebone, and riddled with typing errors and dead links. It only offers a pretense of trading which is intended to keep the victims occupied and spending.

Charts Don’t Equal Software

In order to be able to open and close positions, acquire in-depth market data and perform complex analysis, traders need sophisticated trading technology. Sadly, none of that is provided on this portal.

To deceive victims into believing there’s advanced software offered, these swindlers have simply imported some tables and charts from TradingView. There is nothing even remotely resembling a proper trading app, as seen on the sites of reputable trading firms.

AI and Crypto Scam

Besides promising superior AI trading tools and strategies, victims are encouraged to create an Optimum Market login in order to trade various crypto coins. According to the user area and some simplistic charting, the only available instruments are crypto pairs:

• BTC/USDT, LTC/USDT, ETH/USDT, XRP/USDT, TRX/USDT and DOGE/USDT

Ridiculous Promises of High Returns

Tiered Optimum Market accounts are one of those big lies fraudsters peddle to their victims. The incremental increase in pricing is by design, as it gives the schemers the excuse to come back with another financial proposition.

Alleged benefits, like higher returns, are there only to make the offer seem more inciting. Here’s an overview:

• AMATEUR AI – $200, 5% ROI
• PROFESSIONAL AI – $750, 5% ROI
• VARIETY AI – $100,000, 80% ROI
• FIXED AI – $50,000, 80% ROI
• SUPERIOR AI – $100,000, 50% ROI

If you take a look at our Prolific Earning review, you will learn about a similar scheme that promises unrealistic profit.

Ludicrous Claims of Withdrawals

The website contains numerous false advertisements related to payouts. There’s the 200% original investment payout, and there’s the $50 cash back guarantee.

This makes it seem as though you’re instantly getting double your investment + fifty bucks on the side for each deposit! All the while, site visitors are bombarded with allegations of some huge payouts to random people in one country or another.

The con artists don’t even try to explain how any of this would work, mind you. There isn’t even a single mention of any Optimum Market withdrawal in the Terms and Conditions document. This sort of informational opacity is quite common with other schemes like BBSlimited.

Support Won’t Help You

If you attempt to contact the firm via email, the only available communication channel, be prepared to be ignored. You will most likely either never get a reply to your ticket or the email won’t even go where it was meant to. 

This is painfully common with swindlers nowadays, as they only want to create an illusion of a support desk existing, while none is provided.

Got Defrauded? Contact Our Experts!

Have no doubts about the Optimum Market legit status – the firm is as crooked as they get! This online investment scheme uses numerous underhanded strategies to part the victims from their money. Marks are dragged into the scheme through a combination of fake romance and false advertisements, only to get ripped off in the end.

Our experts have a way to recover the money from this fraud, however. You may reach us at any time by using the live chat on our website.

FAQ Section

What is Optimum Market?

The broker is a fake online trading platform that lies about high profits and steals clients’ investments.

Is Optimum Market Legit?

No, this business has not entered any regulatory database and is not known to authorities.

Where is Optimum Market Located?

The firm claims to be headquartered in the US, but no proof of that exists. If these cons have stolen your funds, please contact our recovery experts immediately.