The recipe for an online scam is quite simple: a professional-looking website, “competent” documents, attractive promises, modern trading platforms… But what is this cocktail lacking to form a reliable investment firm? Let’s find out!

What About ZMarket Global Regulation?

The broker’s official website doesn’t provide any information about the license or regulation. Moreover, we are not offered any data about the company’s owners or the organization that operates all the processes. All customers are allowed to know that the company’s main office is located in Luxembourg. Well, does this mean that a reliable financial authority regulates the broker? We have done our own investigation but have found no licensing, auditing, or regulatory data of ZMarket Global, which indicates that we are dealing with an illegitimate broker.

ZMarket Global Warnings From Financial Regulators?

The first red flag indicating that the broker is an unlicensed anonymous organization is the lack of a company name in Commission de Surveillance du Secteur Financier (CSSF) databases. It is a local institution responsible for the supervision of brokers within Luxembourg. The second important evidence against the broker was that on January 10, 2022, AMF, the reliable French regulator, blacklisted the organization due to the absence of a license.

In addition, we strongly advise you not to invest in FullMarkets, CryptoSpotFX and TradingTech fraudulent brokers.

Withdrawing Issues and Bonuses

Is it possible to withdraw funds from an account opened with a ZMarket broker? According to statistics collected from reviews websites, only 1/5 of customers are satisfied with the company’s services. Is it worth the risk and getting involved in cooperation with an anonymous foreign organization? Absolutely not. In addition, here is another proof of the company’s dishonesty: they offer bonuses and too high leverage. As you know, the laws of the EU prohibit the bonus system in any form, while the maximum allowed leverage is 1:30. ZMarket Global prefers to break laws. You can find promises of bonuses in their terms and conditions, while the levagere goes up to 1:200.

ZMarket Global Web and Mobile Trading

The broker offers two trading platforms to choose from: MetaTrader5 and WebTrader. You can open positions and use all the advanced virtual instruments using the desktop and mobile versions, which is really convenient. However, offering top software can be another tricky technique to lure you into a trap of deception.

Most Of The Victims Live in France and UK

AMF’s interest in the actions of a broker directly depends on the number of deceived victims living in France. Most clients who have had negative experiences with the fraudulent broker are citizens of the United Kingdom and France. Unfortunately, most of the actions of financial authorities cannot save those who have already suffered from scammers, but they can help avoid new cases. That is why you should always check the details of the broker you are interested in.

Traders About ZMarket Global Scam

We didn’t find enough feedback from traders about this dubious organization. Neither positive nor negative. However, there are several honest reviews from expert sources who are also convinced that this broker is a scammer.

How to Avoid a Sophisticated Scam Scheme

Knowledge is power. And also a way to avoid scammers. Any fraudulent scheme can be revealed through meticulous research. Check the regulation data, look for feedback from investors, inspect the compliance of the broker’s proposals and laws. No one is immune to scams, so it’s best always to choose brokers with a 5-star rating.

Also remember the names of the SeaLTD, MigoTrade and Tetra Invest trading scams and avoid them at all costs! Moreover, always check the background of online trading companies before investing!

Scammed by ZMarket Global? — Tell Us Your Story

If you have any broker complaints or withdrawal issues, please contact our managers via Online Chat to apply for free assistance. Our experts never remain indifferent to people’s personal stories and are always here to help you get your money back and faith in honest trading.

But What is a Chargeback?

Each recovery funds company performs dozens of chargebacks every month to help scam victims get their money back quickly and effortlessly. We will help you collect strong evidence and file a claim against a broker. Chargeback is a modern way of dealing with thieves that allows you to avoid initiating a lawsuit.

What Is ZMarket Global?

This is a fraudulent organization that should be avoided when starting a trading activity.

Is ZMarket Global A Scam Broker?

Yes. In addition to negative feedback from disappointed customers, the reliable French regulator regarded the company as a 100% fraud.

Is ZMarket Global Regulated?

No, we have not found any trace of organization in the databases of reliable regulators.

This shiny new website with golden graphics certainly seemed enticing at a glance. As soon as we noticed the costs for trading accounts with this firm, however, we knew something was not right

Follow our SafeCrown review as we peel back the layers of this sham and show how rotten it all is on the inside.

 Forged Legal Information

To either confuse traders, leave a positive impression, or simply avoid legal scrutiny, this firm uses a bunch of falsified legal information. If you check out the site footer, you’ll see one firm being mentioned – New Traders Holdings. This entity is allegedly incorporated under UK laws, but it cannot be found on the UK Companies House register.

Below that, there’s more confusing information. It also says that the website is run by a firm called Corny Solutions LLC, which allegedly operates out of SVG. Inquiring with the SVGFSA database returned no results, either.

Just Part of a Bigger Scheme

There is nothing legitimate about the SafeCrown scam. Since the company isn’t even registered at the addresses they claim to exist on, it’s a question whether this entity is real.

While going through regulatory databases, we found several warnings posted on the account of their illicit financial activities. CNMV was the first to sound the alarm, but the warning was reposted by FINANSTILSYNET,  FI, FIN-FSA, FSMA, and FCA. According to the authorities, this domain belongs to a larger fraudulent group that runs websites like newtradersholdings.com, lyxmont.com, isotrader.cc, and so on.

Different Websites, Same Goal

The trio of fraudulent domains, safecrown.net, safecrown.org, and safecrown.info, were launched at approximately the same time. The oldest of the bunch is .net variant, created in February 2024, which is the only one you’ll find any SafeCrown reviews talking about.

The TrustPilot page that contains customer testimonials has an average score of 2.7 stars, despite the swindlers’ best efforts to pump up the numbers.

Here are the areas these con artists seem most interested in:

• Canada
• United Kingdom

Spend Millions and Receive a WebTrader

Despite all the praise sung in the trading platform advertisements, the software itself is borderline useless. SafeCrown platform is your basic mass-produced WebTrader, completely devoid of any advanced features. The charting feature is ripped straight from TradingView, and the interface is sluggish and buggy. It’s a far cry from its industry-standard competition like MT4, MT5, or cTrader.

Accounts aren’t very inventive, either. These are the so-called tiered accounts, with the only differences being higher bonuses, higher leverage and larger “rewards”. They are all ludicrously pricey, with the most expensive one costing a whole million:

• Basic – $5,000
• Silver – $10,000
• Gold – $25,000
• Platinum – $100,000
• Diamond – $1,000,000

Avoid These Trading Terms

One of the easiest methods to use in order to tell the difference between a legitimate broker and a fraud is by examining the trading conditions. 

For instance, EU and UK-regulated firms can’t allow leverage higher than 1:30, while the SafeCrown trading portal offers exposure of up to 1:1000. Verbex Group is another example of an illicit platform that offers similar trading conditions.

Besides that, no other fees are even remotely outlined. You won’t be able to learn about spreads, swaps, and other trading costs. Also, all legal information is kept hidden, and there is no way to access legal documents on the site.

Huge Bonuses Promoted

We all know that cybercriminals will throw all kinds of baits to lure victims into investing in their fake platforms. This sham does this, too, by offering high bonus incentives. Depending on the account type you decide to buy, your cash bonus can be up to 125%! 

Naturally, no withdrawal terms are disclosed and you will most likely be subject to additional financial extortion under various excuses related to bonuses.

Don’t Expect Any Payouts

When it comes to money flow, the single supported payment channel is Payepo (payepo.com). This completely unknown digital wallet service looks about as reliable as the broker itself. Withdrawals are handled through SafeCrown crypto transfers if they are handled at all, since there is no withdrawal policy. Additionally, fraudsters like this one and Excellence Markets aren’t exactly known to release the stolen money.

The only place you’ll find any info on payouts is in the FAQ section on the site. Besides the privacy-invading identification requirements and the 24-hour processing time, little else is disclosed.

Messages to Support Left Unanswered

You’re probably aware that reputable online investment brands display the utmost care and interest in the opinions of their clients. After all, a satisfied customer is the best proof of good practice. Sadly, these charlatans can’t even mimic a well-established brokerage powerhouse. 

That’s because no one tends to the client’s needs. The only way to get in touch with the support office is via an online form, but no one replies to the inquiries anyway!

Get Your Investment Back!

Do you feel your entire deposit is stuck on this unscrupulous investment website? Do countless issues come up when you attempt to make a withdrawal? That probably means you’re being targeted for a scam.

To avoid legal turmoil and headaches related to chargebacks, you can rely on our team of recovery experts. Our chargeback professionals can help you recover your lost investments, so contact us without hesitation.

FAQ

Is SafeCrown a Reliable Forex Broker?

No, it is a fraudulent website with an unknown ownership structure. Never invest funds in unregulated companies!

How Can I Recover Money From Online Scammers?

Request a free first consultation by using the live chat on our website. Our legal team will walk you through the fund recovery procedure.

In contrast to the heavy advertising and faux statements, this broker is no game-changer in the sea of other Forex providers. Refined competitive trading environments are only offered by legitimate investment powerhouses, not textbook scams. 

You’ll quickly change your mind about this firm once you read the remainder of our MoneraCap review. Crooks don’t get blacklisted for nothing, but if it’s any comfort, your stolen funds can still be recovered.

Broken Site Reveals Nothing

Considering that the majority of the pages on this website are deleted, finding out more about who operates the project was a real piece of work. The half-broken site barely functions, yet the MoneraCap broker dares to call their service diverse and rich.

Because all of the links to legal documents and company information are inactive, you will not be able to learn more about the firm background. There is one address in Switzerland listed on the site, but there’s no evidence in the Swiss business register that this firm even exists. The same results came up when we looked at the UK Companies House register, since that website provides a phone number for that country.

Scam Spotted

Diligent financial watchdogs usually don’t take long to recognize a fraudster and take regulatory action. That is exactly what CNMV has recently done. Along with several other similarly-functioning cons, the MoneraCap crypto scam has also been blacklisted as unauthorized. 

In order to offer EU clients their investment services, firms have to acquire a license, which means they provide segregation of funds, compensation plans, and negative balance insurance. The fact that the business is now blacklisted means that you won’t be able to invest safely on their platform or make any money at all.

Reasons for the CNMV Alert

The investment scheme we’re reviewing has been stealing deposits mostly from traders in the following countries:

• Spain
• Germany
• Netherlands
• Poland

Although the website is relatively new, as it’s only been operating since September 2024, it’s understandable why CNMV has flagged it as illicit. This also explains the absence of MoneraCap reviews online.

The unscrupulous entity has primarily been targeting Spanish investors, but no one is truly safe. If you find yourself unable to make any withdrawals from this site, please contact us promptly.

No Value on Offer

Sometimes, it is hard to distinguish lies from the actual state of things when empty promises constantly bombard you. These charlatans boast about having a diverse range of trading accounts, yet there is no evidence that this is truly provided. 

Protected trades, free withdrawals, and bonuses are some of the alleged features, which, even if they were available, wouldn’t justify these ridiculous prices:

• Basic – $250
• Silver – $5.000
• Gold – $25.000
• Platinum – $100.000
• VIP – on inquiry

Immediate Folex has somewhat similar pricing, so don’t trust the authenticity of their offer, either.

AI Trading – Another Hoax

The MoneraCap app is actually advertised as a premium AI trading software that is supposed to make educated investment decisions on behalf of traders. All you have to do is deposit cash and sit back while this remarkable technology piles money for you. 

While it’s easy to spew lies in order to manipulate people into throwing their cash away, these miscreants don’t have a single proof for their claims. We didn’t see a single display of this amazing software anywhere on the site, and the download links are inactive. 

Not Straightforward

Instead of being honest and transparent about the costs they charge, these swindlers only create an illusion of straightforwardness. Rarely anything is defined clearly when it comes to concrete trading conditions.

For example, the maximum leverage seems to be 1:50, which is somewhat within certain regulatory limits. All other MoneraCap trading terms remain hidden. What’s worse is that scarce legal documentation only makes mention of “trading commissions, account maintenance fees, withdrawal fees, and other applicable charges,” but none are shown.

Getting Your Funds Back

Everything pertaining to payouts on this site remains a complete mystery. We were unable to locate any documents that explain how the MoneraCap withdrawal works. That most likely means that no payouts will be allowed at all.

The only time T&C mentions withdrawals is to say that the following payment methods are supported:

• Bank transfers
• Credit/debit cards
• Electronic payment systems

Which exact channels are available is not known. Payout processing time and fees are also kept secret, and it is only stated that they depend on the transaction method chosen. Lynx AI also lacks honesty concerning this subject, so avoid them as well.

No Point in Reaching Out

Good luck if you’re facing difficulties concerning account funding or platform functionality. You’re all alone in it, as the customer support office is non-existent.

First off, the web page titled “Contact Us” will take forever to load. There, you will find an inactive phone number and an email address no one opens. No other details on the site point to specific contact information or particular details, so there’s absolutely no way to get in touch with customer service. 

Chargeback is Still Possible

We understand your disappointment, anger, and frustration. However, dwelling on it for too long may mean your funds are lost forever. That’s why we encourage all scam victims to contact our recovery agents and book a free consultation.

Our professional team can track where your deposits have landed and help you build a chargeback case. We are always available, and you may contact us at your convenience.

FAQ

Who Owns The MoneraCap Broker?

It remains unknown who is behind this scheme. They allegedly operate out of Switzerland, but the exact company name is not revealed.

Is There A Way To Get My Money Back?

As long as you act quickly and contact our recovery experts as soon as possible, we may be able to help you start a chargeback procedure and retrieve stolen assets.

When traders invest with anonymous firms, it’s like throwing money into a fire. The money simply disappears, especially if the company is not properly regulated.

All these little details can guide you in making a proper decision about what trading companies you should choose. Thus, if you are inexperienced, you have to watch out for a few dirty tricks. Stay with us because we’ll reveal them all in this Achievers World FX review.

Legal Info: Is Achievers World FX Legit Or A Scam?

Achievers World FX is allegedly based in Greece—at least, that’s what the company’s website shows. They also mention being registered in 2016, but these details can’t be true, primarily because the company’s domain was registered in 2022. The only possible thing is that they were running a different brand that was exposed as a scam.

Fairly, you can expect that from this one as well. In the first place, the company is not regulated, especially not by tier-1 authorities like FCA, BaFin, CFTC, or similar. And secondly, because the Canadian CSA issued a warning against them in October 2022.

Who Are Achievers World FX’s Victims?

Generally, when a company exists for 8 years, there should be some reviews about it. Sadly, Achievers World FX reviews don’t exist. That’s surprising even for a company registered in 2022. Luckily, with all the tools available nowadays, our research team found the countries that are the primary targets of this investment firm. Those are: 

• Germany
• United Kingdom
• Spain
• United States
• Austria

All these countries have top-tier regulators and none of them issued a license to this scam company. Therefore, we suggest you apply for a chargeback as soon as possible. But first, book a free consultation with our experts to find out what are the necessary steps.

Leverage, Commissions, Spreads, Fees and Taxes

One reason you shouldn’t trust Achievers World FX investment firm is that it is completely opaque about operating costs. According to its presentation, it generates income for traders and doesn’t get anything in return. 

Simply, that doesn’t make sense. Every business includes some fees or commissions. With this in mind, you know there will be trouble regarding payouts.

Bonuses

Getting any bonuses from a company that generates free money for investors is kind of absurd. Thus, with companies like this, you can literally expect anything. Their goal is just to get as much money as possible from their users. And bonuses are one of the ways to do so.

Achievers World FX Trading Features

The most advertised feature here is the Achievers World FX crypto and Forex trading. Of course, they will do all the investments on behalf of investors and give them up to 3% daily returns. The problem with these offers is that they fairly look like a Ponzi scheme.

Trading Platforms Available

Another huge issue with this company is the legitimacy of investing data. Practically everything in the company’s dashboard can be modified to look legit. 

However, when you know the company is not licensed, you can be assured they are not investing legitimately. Therefore, after completing the Achievers World FX login process, you can only expect fictive details.

Available Trading Assets

One of the reasons why the company focuses on only two asset classes is arbitrage. It’s the fastest way to get the money out of traders since arbitrage trading truly makes sense. But only with trusted firms. Anyway, it looks like the company only invests in: 

• Forex – USD/GBP, EUR/JPY
• Cryptos – BTC, BNB, ETH

Account Types

Most features in the Achievers World FX account types are quite similar, starting with contract length and automatic reinvestment after package expiration. However, the difference comes from daily returns and minimum deposit requirements. These are the details that expose this Ponzi scheme. 

Anyway, you can choose: 

• Prima – $200 minimum / 1.75% daily
• Evergreen – $5.200 minimum / 1.9% daily
• Aggressive – $20.200 minimum / 2.1% daily
• Angel – $50.200 minimum / 2.3% daily
• Moon – $200.000 minimum / 3% daily

Mobile Trading App

More disappointment traders can experience when they realize the Achievers World FX app for mobile devices doesn’t exist. Even though it doesn’t make a big difference, it shows a bit of professionalism if the company offers trusted iOS and Android apps.

Demo Account

With a minimum deposit requirement of $200 and zero proof of work, traders might expect a demo or trial account option. Unfortunately, that’s not an option with this company. But at least you get a hint that you shouldn’t trust them.

Education

Even though the company invests on your behalf, having proper investment education makes a huge difference. However, the only reason this company doesn’t have any is that they want to keep traders uninformed. Otherwise, everyone would know they are an absolute scam.

Achievers World FX Withdrawal

Since legal details are missing, the withdrawal policy is non-existent. Consequently, the company can make up any excuse not to approve any payouts, even though they mention that the payouts are instant. 

All in all, at first glance, if you encounter an issue such as verification problems or non-existent fees, you should apply for a refund.

Customer Support

According to the company’s presentation, their support is available 24/7. Thus, only via e-mail and web contact form. If you want to reveal their hidden phone number, allegedly protected from spam, you’ll have to ask them directly. 

Still, with zero transparency from Achievers World FX scam company, you shouldn’t rely on their support.

Key Information To Consider About Achievers World FX

The first reason not to trust this firm is a lack of regulatory oversight and a warning from a trusted regulator. On top of that, they promise returns, hide legal and contact details, and manipulate traders through affiliate programs. All in all, zero reasons to trust this firm.

We recommend you withdraw your money immediately, and you will recognize all the scam signs we mentioned. If any of those happen, get in touch with our refund experts to get step-by-step guidance on the refund process.

FAQ Section

What is Achievers World FX?

Achievers World FX is an investment firm allegedly registered in Greece that has been operating since 2022 and not 2016 as they claim.

Is Achievers World FX Legit?

Not at all. The company guarantees big returns and operates without a license. Getting scammed is pretty much expected.

Who Owns Achievers World FX?

Achievers World FX company doesn’t reveal its ownership details. If you have issues with this anonymous firm, get in touch for refund assistance.

While online trading can be pretty profitable, investors should be on constant watch for fraudulent firms. Since there’s a lot of money, there are a lot of scammers too. Before investing a penny, ensure to check your brokerage, confirm that it has all the necessary regulations, and only then let yourself be involved. 

Read our detailed Trade Unity review and find all the reasons against the brokerage.

What is more, we strongly advise you not to invest in FTM Trade, AktienAG and EarningCrypt fraudulent brokers.

How Safe Is the Trade Unity Platform?

The broker is an anonymous financial services provider. We have no information about the company owner, the legal jurisdiction, and the basic legal documents are inaccessible. Simply said, it’s not safe. 

From the FCA warning we found, it seems that Trade Unity pretends to be a brand of Trade Unity Capital, a part of UK-regulated Unity Trade Capital Ltd. However, this is false information. If the broker tries to convince you about legitimacy, don’t buy it; you’re exposing your funds to risk.

With everything being said, it’s clear that Trade Unity is an unregulated attempt of a trading website.

Reasons Not to Trust an Unlicensed Broker

There are plenty of reasons to avoid unlicensed trading firms. These companies do not follow any rules, can provide risky trading conditions, and disappear with your funds. Without an authority body and a compensation fund, you have low chances of recovering your hard-earned money if something goes wrong.

So Is Trade Unity a Decent Broker or a Scam?

Trade Unity is not a legitimate investment service provider. The company is entirely anonymous, while the UK FCA has issued an official warning since it appears to be a clone firm of a UK-regulated brokerage.

Warnings From Financial Regulators

Upon receiving numerous complaints, the UK regulatory body issued an official warning. It seems that the firm employees were telling clients that the brand is a part of an FCA-regulated brokerage. Thus most of them filed a complaint with the FCA when they couldn’t withdraw their money.

Since the broker is a clone firm, the FCA could not reimburse victims but only issue a warning against the Trade Unity trading scam.

What Do Traders Think Of Trade Unity?

One may think that the trading company is a good brokerage based on its reviews on Trustpilot, Facebook, and other social media. However, take a look at the company’s profile. It’s not verified, and the broker is not replying to bad reviews. Therefore, they’re trying to collect as many good ones as possible, written by their employees, while they don’t bother to answer those who are really defrauded.

Most negative reviews refer to clients’ inability to get their money back after being dragged into the scheme.

Trade Unity WebTrader Platform – Software Tools

If you’ve ever been involved with an unregulated broker, you’ve seen this exact WebTrader. The broker uses the same software as many others, branding it with its logo. Customers can see available trading instruments, apply several indicators on three chart types, and get market alerts. Nothing beyond basics.

What Is The More Efficient Software?

Whether an experienced investor or a beginner, we recommend MetaTrader if you’re about to start trading. Both MT4 and MT5 have plenty of trading tools, including EAs and social trading. Anyone will find this software quite satisfying, enabling you to customize your trading, create your own strategies, and more.

Trade Unity Accounts Overview

The trading accounts look similar to what other bogus firms offer. Each gives unregulated trading conditions and promotes the firm. Here’s what you can get:

1. Starter – 250 EUR
2. Basic – 2,500 EUR
3. Advanced – 25,000 EUR

The leverage ranges from 1:200 for the Starter account to 1:400 for the Advanced one. Other than that, perks are the same – 24/5 support, WebTrader, and over 200 trading assets.

Trade Unity Broker – Countries Of Service

As per our research, Trade Unity broker mainly targets European citizens. The majority of reviews come from:

• Germany
• Switzerland
• France

Wherever you reside, note that Trade Unity doesn’t have a valid financial license.

Also, remember the names of the XE Prime, CoinEvo and Tower Bridge trading scams and avoid them at all costs! Moreover, always check the background of online trading companies before investing!

Trade Unity Range of Trading Markets

Trade Unity provides customers with access to most major markets, excluding cryptocurrencies. This can be considered a significant disadvantage in today’s trading climate, where crypto is one of the most tradable assets. You can access the following markets:

• Forex – EUR/USD, AUD/CAD, GPB/CHF
• Commodities – gold, corn, soybeans
• Indices – S&P500, DJIA, DAX30
• Shares – TSLA, GOOGL, BAC

What Trading Terms Does Trade Unity Offer?

Since the firm is unlicensed, it can choose its own trading terms. Therefore, we have an unregulated leverage ratio and high spreads.

About Leverage and Spread

The leverage ranges from 1:200 to 1:400, depending on the account type. Just for comparison, the EU and UK regulators have a strict leverage limit of up to 1:30. In contrast, in Australia and the US, this limit goes up to 1:50. While leverage can increase your potential earnings, it can also increase your losses. The spread starts at 3 pips for EUR/USD pair.

Minimum Investment Amount

Trade Unity requires a minimum deposit of 250 EUR. While this would be a standard requirement if the firm were licensed, it’s too high for bogus brokerage.

Trade Unity Deposit, Withdrawal Methods, and Fees

The broker has never specified deposit or withdrawal methods or fees. Since the Terms and Conditions cannot be accessed, we cannot gather the information. Note that scam firms will usually ask you to deposit your funds using crypto since these transactions are virtually untraceable and not subject to a chargeback.

Always stick with credit/debit card deposits. If something goes wrong, you have up to 540 days to file a dispute and get your funds back.

Scammed by a Trade Unity Broker? – Let Us Hear Your Story

If you have been a victim of the Trade Unity scam, know that you’re not alone. We’ve assisted numerous online trading fraud victims in filing a dispute for a chargeback and recovering their funds.

But What Is A Chargeback?

This is a way for your bank to reverse card transactions and get your money back from the merchant. For more details, contact us via online chat to book a free consultation with our experts. Let’s start right away.

What Is Trade Unity?

Trade Unity is a Forex and CFD trading provider without financial regulations.

Is Trade Unity a Scam Broker?

Trade Unity is a scam brokerage blacklisted by the UK regulator, FCA.

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

The firm provides its services to UK residents but doesn’t operate in the US.

Does Trade Unity Offer a Demo Account?

No, Trade Unity doesn’t offer a Demo account, only a platform overview.

E Forex is the suspect of our today’s review. Read a detailed analysis of the investment company to understand whether it is legitimate and whether you need to cooperate with it.

What About E Forex Regulation?

When visiting the official EForex broker website, you will definitely notice a separate section related to achievements and certificates. However, should we trust logo pictures without any trustworthy evidence? Let’s find this out.

Apart from the fact that the official website remains silent about management, you’ll find quite strange content in the ‘About us’ section. Although the site’s default language is Vietnamese, users are offered an English version.

As for the English passages, they are completely illiterate and disgustingly translated, despite the words “professional” repeated several times. In addition, most of the content is not available in any other language besides Vietnamese.

A negligent strategy of creating content indicates a lack of interest in caring for international potential leads, so it seems like the site is hanging on the net aimed at random inexperienced risk investors.

E Forex Warnings From Financial Regulators

So, they present themselves as a reliable company regulated by ASIC and Vanuatu. Our experts checked both databases but were confused. ASIС claims that the organization has been deregistered. 

In addition, we can observe the classic image of fraudulent broker registrations without any detailed information about the owners and addresses. 

As for Vanuatu, there is no more information in the PDF file attached to the main registration data than is available on the suspicious broker’s web page. No location data, no updates on Ho Chi Minh City and Kuwait City offices, and no public information about the owners.

In addition to the above, we strongly advise you not to invest in IdealinvestFX, TradingTech and Smart Trade Group fraudulent brokers.

E Forex Trading Instruments

EForex claims that their clients will be protected by a reliable MT4 trading platform, which is their only significant advantage so far. Indeed, MetaTrader 4 is an excellent choice due to its wide functionality, the ability to build detailed charts, use trading assistants and install additional software.

However, we cannot be sure that this is not just another trick of scammers to create an image of a trustworthy company, so we would recommend cooperating with regulated brokers offering the same conditions.

Withdrawing Funds Issues

According to complaints from previous clients, problems will start as soon as your investment begins to generate income. As it often happens in the case of deceiving brokers, you will be charged extra money, taxes, percentages of earnings, etc.

So, if you are faced with an organization that inclines you to pay commissions that weren’t mentioned in terms of cooperation, you probably won’t see your investments in your bank account.

Most Of The Victims Live In Europe

Doubtless, the claims of the scammers about certification, which is so important for EU citizens, make them believe in broker’s reliability. Most of the deceived people are citizens of Italy, Spain, and Portugal, while we still have no idea about the physical location of the company’s owners.

Traders About E Forex Scam

We found some reviews from dissatisfied traders available in open sources. Among the most widespread problems were ignoring clients’ issues by tech support, unreasonable closing of positions, and, of course, the sudden disappearance of managers after questions about the withdrawal of funds.

While we didn’t find much feedback, 100% of what we’ve seen was negative.

How Do Scammers Manage to Deceive People? 

There is no universal structure of investment fraud, but we know for sure that organization’s managers are experienced manipulators who don’t care about your financial status, life hardships, and morality itself. For them, only your money matters. So throughout time, their methods become more sophisticated, and people don’t always understand that they are being defrauded.

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

Scammed by E Forex Trading Company? – Tell Us Your Story

In contrast to our antagonists, our team of experts is never indifferent to any story. Our experienced professionals are glad to hear your claims regarding the scammers you are facing at any time.

But What Is A Chargeback?

Chargeback is what will return you faith in trading and a happy life without worrying about financial troubles. Contact our team in any way convenient for you, and we’ll do our best to solve your problem.

What Is E Forex?

EForex is a “society” that positions itself as a reliable broker offering a wide range of opportunities for trading and increasing capital. However, their statements have little to do with reality and are fake.

Is E Forex A Scam Broker?

It is definitely a fraudulent association as it turned out from our research and numerous complaints from deluded retail traders.

Is E Forex Regulated?

We didn’t find any regulatory data that would point to the reliability of this organization, since the EForex trading company doesn’t have any secure licence.

Atomic Trade is a broker that claims to provide FX and CFD trading services. Yet, they are completely anonymous broker without any essential information provided. Furthermore, their non-competitive trading conditions may make it difficult for professional traders to make deposits with them.

If you want to gain a complete understanding of this broker, it’s essential to read this Atomic Trade review thoroughly.

Also, avoid the trading frauds Atomic Trade, Volofinance, and Skilling at all costs! Moreover, before investing, always look into the past of internet trading firms!

Bitchain Is A Fraud Broker Without License?

As anonymous broker, we can’t guess what country regulations they comply with. Therefore, we are checking only the most trusted ones. Like FCA, BaFin and ASIC.  As expected from a broker like this, they are not in any of those databases.

Furthermore, there is the first sign of a scam. With this in mind, you know that you can’t have any fund protection measures here. From guaranteed stop loss, negative balance protection or anything more demanding than that. All funds that traders deposit here are already thrown away.

Unlicensed and anonymous broker. They don’t provide any legal information about their ownership. Uncompetitive trading conditions and trading software. There are no pros.

Warning Issued by Financial Authorities

Additionally concerning fact is the warning from the Canadian CSA. Since February 2023 they are on their warning list for unauthorized activities.

As that being said, it’s just a matter of time when other regulators will expose this investment scam. Check it out yourself.

The Opinions of Traders On About Bitchain

Another key point is that 85% of reviws on Trustpilot are with a 1-star rating. Even though it’s only 13 in total it’s quite relevant.

Most traders complained about withdrawal issues. Primarily, brokers don’t allow withdrawal until they stop responding to any communication.

What Platforms Does Bitchain Offer? – Available Trade Software 

Trading software plays a key role in choosing a broker. Many traders are looking now for algorithmic and copy trading.

Those are mostly available with Meta Trader and some other platforms. Yet, this broker doesn’t have any of those trusted software. But only a proprietary platform.

Web Trader

Bitchain trading company only offers poorly designed web-based software. Because of its fairly unattractive features, it’s not good even for beginners.

Only basic indicators and charting options are available. Moreover, it’s eligible for market manipulation. Which makes it even more dangerous.

Bitchain ‘s Trading Assets and Instruments

Bitchain broker proudly presents access to all 5 major instrument classes. However, without reputation nothing becomes relevant. Those classes are:

• Currency pairs (Forex)           GBP/EUR, USD/SGD, EUR/NOK
• Indices                                  UK 100, US 500, AU 200
• Shares                                  Amazon, General Motors, Walt Disney
• Commodities                        natural gas, crude oil, cotton
• Cryptocurrencies                   BTC, BCH, BNB

The scary fact about trading here is the leverage of up to 1:600. This can wipe your account balance in a blink of an eye.

Bitchain Countries Of Service

As you can see from many Bitchain reviews, they are not quite an honest broker. They are mainly scamming traders from:

• Germany
• United States
• Nigeria
• Brazil

Germany and the United states primarily have very strict regulations. It’s just a matter of time before this broker is going to vanish.

Bitchain List of Account Types

The broker has listed 7 account types. What they offer is:

• Basic            $250
• Bronze          $5.000
• Silver            $10.000
• Gold             $25.000
• Platinum       $100.000
• Diamond       $250.000
• Black            On request

Mainly benefits are coming from advisor support, webinars and educational materials. Traders don’t get any trading benefits or better trading conditions. Important to realize is that it takes 5 business days to approve a withdrawal with a basic account.

Information About Demo Account

As expected from a shady broker like Bitchain, they don’t offer a demo account. Not only that but not even micro-accounts.

Therefore, traders don’t have any risk-free options. Which is crucial to determine if the broker suits your needs or not.

Negative Balance Protection

In general, the regulation requires the broker to have strict trading conditions. They are mostly protecting traders. One of the features is negative balance protection which prevents traders from getting into debt.

However, Bitchain scam broker doesn’t have that feature available. So, don’t be surprised if they tell you that you owe them money.

What Kinds of Bonuses Does Bitchain Offer?

This scam broker provides traders with welcoming bonus. The bonus range from 35 to 75 percent of the initial deposit. These are heavily banned worldwide. Especially in the EEA zone.  

The main reason for that is a hidden clause that traders don’t know. In fact, they need to make trading volume 30-50 times bigger. Only then they can request a withdrawal.

Terms of Service for Bitchain

All terms of service are questionable with this broker. They don’t have regulation and whatever they say is fictive.

From funding methods, they only accept debit/credit cards and cryptos. It’s worth mentioning that due to AML policies traders need to request a withdrawal with the same method used for a deposit.

Leverage, Spreads and Fees

A leverage of 1:600 violates for instance all EU regulations. Spreads starting from 3 pips are quite unattractive. Especially with the industry average of 1.5 pips. Moreover, they have insanely high fees. Primarily for withdrawals $35 and a 10 % fee for an unreached target. 

Scammed by a Bitchain Broker? – We Want To Hear Your Story.

You are not the first or last that got scammed. But it’s important to share your experience. Only that way traders can know what to expect. Let us know what happened to you. In the best case, we can assist you with our fund recovery expert team. Get in touch now to book your free first consultation!

What Is the Chargeback Procedure?

We always suggest traders make deposits with debit/credit cards. In case anything goes wrong you can file a chargeback request. However, you can only do that in a certain period. Don’t let them get away with it. Contact us!

What Is Bitchain?

Bitchain is an anonymous trading company without any credibility for providing its services.

Is Bitchain a Scam Broker?

Yes. Unlicensed broker with a warning from the regulator and many negative reviews.

Is Bitchain Available in the United States or the UK?

Bitchain broker only offers services to US clients, but not UK ones.

Does Bitchain Offer a Demo Account?

No. Traders don’t have any risk-free option for trading with this broker.

The site operated by this company may look nice and fresh, but it hides a dark secret. This dangerous boiler room actively targets beginner traders looking to make quick cash overnight. The entire scheme is set up to keep dragging its victims down until it clears out their entire bank account.

Follow us as we analyze the dangers of online fraud and find ways to recover lost money. Our TradeState review will show you all.

Another SVG Entity

The website operated by the TradeState broker is located in Saint Vincent and the Grenadines. The small offshore nation is famous for its local regulator that doesn’t supervise online trading activities. 

This means that firms can be legally incorporated but not licensed to operate as brokerage agents. Sadly, because the jurisdictional authorities do not sanction illicit activities, financial fraud runs amok. Indeed, after checking with SVGFSA, it turns out that the entity does exist and it has entered the register under the name of TRADE STATE GROUP LLC. Registration number (3275) checks out with the regulator’s database.

Authorities Alert Traders

As we’ve already discussed, it isn’t enough for a brokerage brand to just register their business. They have to obtain a license from a financial authority and be under legal supervision. Obviously, this little sham broker isn’t.

Multiple public warnings were issued on account of how the TradeState Forex dealer conducts business and which trader group it targets. Since the website is primarily in Spanish, the jurisdictional regulator in that country was the first to publish an alert. The CNMV warning was quickly reposted by FI, A-TVP, FSMA and FIN-FSA. This solidifies our doubts about the real intentions of this false online trading platform. It is evident that no security measures are implemented and traders risk losing their entire deposits. 

Target Areas Revealed

The company’s website, trade-state.com, has been operational since October 2023, which is why we couldn’t find any TradeState reviews. The people running the con circle mostly focus on targets from these areas:

• Spain
• Australia

This doesn’t mean that the swindlers don’t contact marks from other nations as well. If you’ve had a run-in with these cyber criminals, contact our recovery experts as soon as possible!

Costly Accounts and Broken Download Links

The account types are tiered and offer very little in return for an exponentially higher required deposit. Here’s what they cost:

• Standard – $200
• Pro – $1,000
• Master – $5,000
• Elite – $10,000

Downloading any actual trading software from Trade-State.com is an impossible task. Instead of a trading platform, you get a .pdf file, which contains additional links. These, in turn, contain keywords for numerous known fraudulent brokerages – and none of them to a software download page.

A demo is allegedly available as well, but the lack of any tangible app makes this moot. However, that doesn’t stop the cons from claiming to offer access to these instrument groups:

• Metals – Gold, Silver, Platinum
• Stock CFDs – Tesla, Meta, Ford
• Commodities – Wheat, Cocoa, N.Gas
• Crypto – BTC, ETH, LTC, LUNA
• Indexes – NASDAQ, IBEX, CHINA50

Trading Terms Scream Scam

As widely known, trading conditions offered in the EU, UK, and similarly regulated countries have to limit maximum leverage to 1:30. That’s why you’ll immediately recognize WellVest.pro and the TradeState scam for their leverage of 1:500 and potentially even more.

Alongside the increased exposure, spreads vary from 2.6 pips for the starter account to 0.8 pips for the most expensive package. Unfortunately, no other clarifications were made regarding costs, fees, and hidden taxes, which is yet another red flag on its own.

Withdrawals Get Stonewalled

Accessing the client area, we have managed to learn the supported payment methods to be bank transfer, cryptocurrency transfer, and an e-payment provider called FairPay. For withdrawals, only bank transfers and crypto transfers are available. As expected, there is no automatic payment processing, and clients need to fill in a form and hope for the best.

What’s worse, the Terms and Conditions document is a single page long and never outlines any TradeState withdrawal policy whatsoever. Ultimately, you’ll have to go through the person who pestered you to invest in the first place and risk falling for an up-front fee scam.

Automatic Responses Only

Trying to get in touch with customer support is a futile business. Although there are several channels allegedly supported, your questions won’t be answered whatever you do. 

We tried to send an email and fill in the online form, but no response ever came. All we ever got were automated system responses pertaining to creating a new account.

The only way to actually reach out to the customer support office is through whatever agent recruited you in the first place. This isn’t a smart thing to do, as you’ll only subject yourself to more manipulation and extortion.

I Got Scammed! What Can I Do Now?

Unfortunately, there are numerous deceitful companies like this one or CustomTrade that are only looking to take advantage of traders. This website doesn’t provide any service or product and instead exists only to steal your money.

If you’ve invested any funds with this fraudulent entity, feel free to seek help from our expert team. You may reach up at any time by using the live chat, and book a free first consultation at your convenience.

FAQ

Should I Trust This Broker?

If you wish to trade safely and gain profit, you should not deal with this portal. It’s been blacklisted multiple times!

What is the Minimum Deposit on This Platform?

The minimum amount you can invest to start trading is $200. However, should you face issues while trying to take your deposit back, contact us promptly.

The flashy site hosted by this so-called online broker is created with the sole purpose of making a good first impression. Once you take your time to scratch the surface, though, you’ll notice just how hollow everything is.

Unfortunately, different links that lead to the same page and missing website objects are the least of your worries. Read the remainder of our EasyAlgo review to learn more about how to recognize an online fraud and recover money from one.

 A Fake Company With Falsified Credentials

If we are to believe the swindlers operating this hoax platform, the easy-algo.ai domain is owned by a Cypriot firm called EasyAlgo Ltd. EU & UK. Inquiring at the Cyprus Company Registrar shows that the registration number is completely bogus. Whoever runs the site has gone to great lengths to completely obfuscate any other information. The Terms of Use document, for instance, does not exist on the site.

All of this tells us that we are dealing with a dangerous anonymous group. The sole purpose of the EasyAlgo AI scheme, just like with Stonley Trading, is to rob you blind.

Blacklisted By Several Regulators

Every broker-dealer company registered in Cyprus must have a valid CySEC license to offer their services. Since the firm is not even registered as a business entity, it naturally means that it cannot be a license holder.

The next problem is the alleged EU and UK branches. While CySEC licensees can have their authorization extended to include a MiFID II passport, any companies operating in the UK must be authorized by FCA as well. In this case, as you might have guessed – there is no FCA authorization. Searching with other regulatory bodies in the EU, we discovered several investor warnings. These were published first by CNMV, and then forwarded by FSMA and A-TVP.

Recent Trading Fraud

The problematic website was first created in October 2024, but still, you’d expect a few EasyAlgo reviews here and there. In this case, there are none.

The majority of fraud victims are people from these countries:

• Canada
• Germany
• Spain
• France
• United Kingdom

Do not shy away from pursuing justice! Contact our legal team via the live chat and start working on getting your money back from these schemers!

Insultingly Bad Offer of Tools and Features

With the amount of advertisements and promotions related to an allegedly supreme trading platform, we expected to see some state-of-the-art software. Alas, while exploring the client area, we stumbled upon a rudimentary web app. The same web trader can be found on countless other fraudulent sites. It supports only a few simplistic operations and tools. There’s no sign of the exceptionally competent technological miracle that was supposed to feature separate versions for CFD and ETF trading.

Account types also promise to provide numerous attractive features like free signals, webinars, and 1-on-1 education, but you shouldn’t trust these empty words. Here are the prices:

• Basic – 250 € 
• Silver – 5.000 €
• Gold – 25.000 €
• Platinum – 250.000 €
• Managed – invitation only

All Fees Are Hidden

Starting leverage, according to the platform, is capped at 1:10, although buying any of the account types can significantly increase it. Therefore, the maximum exposure is set to 1:400. No other trading parameters are displayed anywhere on the site except for the EasyAlgo TradingView imported data.

Fraudulent firms aren’t exactly known for their transparency, so it’s no wonder we couldn’t find any information on costs. When these crucial elements are missing, you can expect hidden fees and other ruthless conditions to be used in order to prevent you from requesting a payout.

Not Likely To Allow Withdrawals

Immediately after account creation you will be redirected to the payment page inside the client area. No KYC, just cough up the cash as soon as possible.

There are two separate tabs, allowing victims to deposit via fiat or cryptocurrencies. However, there are no actual dialogs or forms that one could use to make a deposit. This is done so the currency flow is strictly controlled by the swindlers. Any notion of an EasyAlgo free giveaway is just a lure for unwary traders.

Since there is no Terms document, there is no withdrawal policy either. Still, clients may opt to request a withdrawal from the client area, but with no automatic payment processing, you’re basically shouting at a wall.

No Support When You Need It

The website itself does not feature any live chat, nor are there any call center phone numbers listed. The only way to contact the firm, then, is to either send an email or fill in a contact form.

No matter which of the two you choose, it is unlikely anybody will call you back. The fraudsters have designed the scheme so that once they cut you off, you can’t get back at them.

We Help Scam Victims!

Everything that seems out of place with this firm is all by design, as is the case with QWEBank.com scheme. Many people, including participants in the EasyAlgo Reddit discussion, have already complained about this con-circle’s predatory behavior.

If you’re one of thousands of victims of this scam, feel free to contact our recovery experts. We are available around the clock and offer the first consultation absolutely free of charge.

FAQ

How To Withdraw Funds From This Site?

Swindlers won’t allow you to take your money back from this portal. Please consult our legal professionals for help with chargeback.

What Is The Minimum Deposit Required?

As the site suggests, the smallest amount of money you can start trading with is 250 €.

The website claims that LionTrader is a legitimate New York-based broker offering ideal trading conditions with a wide range of trading instruments from forex to metals. However, the broker simply isn’t regulated anywhere, most definitely not in the United States or the United Kingdom, which essentially means that we are dealing with a blatant scam.

We have looked up the contact information for the company’s representatives but to no avail. It implies that these scammers are very anonymous. They have the ability to steal your money at any time and vanish altogether.

What is more, we strongly advise you not to invest in DashStamp, Solana Markets and Gis Capital fraudulent brokers.

Is LionTrader a Licensed Broker? 

LionTrader claims to have a New York City headquarters, a London office, and all necessary licenses and authorizations.  All of this sounds wonderful, but it is simply untrue. Neither the US nor the UK has any regulations concerning LionTrader. 

We checked the registers of the relevant local regulatory bodies, including the FCA (Financial Conduct Authority) in the UK and NFA (National Futures Association) in the US. However, no organization or broker going by the name of LionTrader could be found there. Using that data, we came to the conclusion that LionTrader does not have Tier 1 regulation. 

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

It would be awful to lose money to scammers. By signing up with and making investments with an unlicensed broker, you are essentially wasting your money on an illegal and utterly pointless venture. There is no reason for it. We advise our readers to rely on European, UK, US, Australian, or any other licensed brokers for that matter.

Worldwide regulated brokers offer several services that unregulated brokers are unable to, including consumer protection, protection against negative balances, reports on every transaction, segregation of client funds, and many more services.

Is LionTrader a Licensed Broker Or A Fraud?

LionTrader is an unlicensed Forex and CFD trading provider. The company claims to be regulated and licensed, which we confirmed is not the case.

What Trading Software Does the LionTrader Broker Offer? 

The webpage contains no trading software at all. All visible links point to the same source of irrelevant “website construction toolkits.” Is this a joke or a clever marketing ploy? All we know is that LionTrader.io moves further and further away from the definition of a broker.

Furthermore, there is no way to verify that the trading information is accurate without having access to the user section of the website, as there is no real evidence of any software on the site operating as a trading platform.

LionTrader Accounts Overview

LionTrader appears to be offering six account types. Here’s a small overview of all the accounts offered:

• Standard – $300 deposit, leverage 1:200, 1.2 spread.
• Gold – $500 deposit, leverage 1:200, 0.7 spread
• Premium – $10,000 deposit, leverage 1:200, 0.5 spread

• Standard – $500 deposit, leverage 1:200, 1.2 spread
• Gold – $1000 deposit, leverage 1:200, 0.7 spread
• Premium – $50,000 deposit, leverage 1:200, 0.5 spread

LionTrader – Countries Of Service

Liontrader is scamming traders in the US, UK and Canada. We have received numerous complaints from traders in those countries against this broker. As a result, we urge our readers to avoid this broker when deciding where to invest. Better safe than sorry.

Also remember the names of the AFX Trade LLC, AktienAG and Finvis trading scams and avoid them at all costs! Moreover, always check the background of online trading companies before investing!

What Is Known About LionTrader’s Trading Conditions?

With a normal account and no trading commission taken, the spreads advertised in the LionTrader presentation start at just 1.2 pips. As far as the maximum leverage is concerned, it is said to be as high as 1:200. But the reality is that the website is not trustworthy being unregulated and all remains unchanged.

On the LionTrader website, there is no info concerning payment methods, and since we were unable to register for a trading account right away, we are unsure of the precise nature of the available payment options. 

Nevertheless, we can make a rather accurate estimate. Remember that regulated brokers accept payments through bank wire transfers, popular e-wallets like PayPal, and credit/debit cards like VISA and Mastercard. In contrast, scammers like LionTrader typically prefer to trick you into depositing your money in bitcoins or other crypto coins.

The minimal deposit is $300, according to the website. And that’s basically all the payment-related information we have. Nothing more is provided by the broker.

Scammed by LionTrader Broker? – Let Us Hear Your Story

The most typical course of action is to submit a chargeback request, but only if the user made their investment using a credit or debit card. Due to this, there aren’t as many investment scams today using credit cards. The good news is that MasterCard and VISA both have up to 540-day chargeback periods if money was invested using a card.

Wire transfer deposits are more difficult to recover, so if at all possible, we advise contacting the bank to resolve the issue.

But What Is A Chargeback?

When a consumer successfully disputes something on their account statement or transactions report, the charge is returned to the payment card in the form of a chargeback. Debit cards (and the associated bank account) and credit cards both have the potential for chargebacks. 

A chargeback is a type of refund since it refunds money that was previously deducted from an account. It differs from a canceled charge in this regard because it is never fully authorized for settlement.

Chargebacks, which are focused on charges that have been fully processed and resolved, can frequently take several days to complete since they must be reversed through an electronic procedure involving several companies.
If LionTrader scammed you, contact our chargeback experts for assistance, schedule a free consultation, and we will do whatever we can to help you get your money back.

What Is LionTrader?

LionTrader is an unregulated broker, that claims to be trading with Forex, CFDs metals, and cryptocurrencies.

Is LionTrader a Scam Broker?

After doing extensive research on the company, we concluded that LionTrader is a scam broker.

Is LionTrader Available in the United States or UK?

LionTrader claims to have a headquarters in New York City, a London office, and all essential permits and authorizations. Neither the US nor the UK has any regulations regarding Lion Trader.

Does LionTrader Offer a Demo Account?

LionTrader claims to offer a demo account, but there is no way to access the demo account.