SwapSpace has become a popular platform for crypto traders seeking the best exchange rates across multiple exchanges. As an exchange aggregator, it simplifies finding optimal rates by compiling offers from over a dozen reputable crypto exchanges worldwide. 

In our SwapSpace review, we’ll examine the platform’s interface, supported cryptocurrencies, and non-custodial model. We’ll also analyze its unique features, such as instant swapping without registration and the swap tracker. Our goal is to determine if this platform is a safe option for users.

Legal Info: Is SwapSpace Regulated?

As an exchange aggregator, SwapSpace is not regulated by any financial authority or body. It does not custody user funds or assets, nor does it facilitate trades on its own platform. Instead, it merely compiles and displays exchange rates and trade facilitation services offered by various integrated crypto exchanges.

SwapSpace’s regulatory compliance and legal status largely depend on the exchanges it partners with. According to the website, Its integrated exchanges are well-established platforms that adhere to relevant regulations in their respective jurisdictions. 

Major partners like Binance, Changelly, ChangeNow, and others have secured operating licenses and registrations as needed. The company is based in Saint Vincent and the Grenadines (SVG), which has no crypto regulations and is known for housing countless shady acts. 

The platform claims to follow all applicable laws and carry out required compliance measures, such as KYC and AML checks, through its exchange partners when necessary. However, as an unregulated entity, SwapSpace lacks the investor protection that regulated platforms offer.

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

Trader Reviews – Sharing Experiences

As of this writing, there are 505 SwapSpace reviews on trustpilot.com. The exchange received an impressive average score of 4.6/5. Countless users have taken to the forum to express their satisfaction with the platform. There were bound to be some complaints, but that’s normal for any business.

A Reddit thread we found explains how a user recovered funds lost on SwapSpace, indicating that the whole thing got resolved. As far as user feedback goes, the platform has garnered some nice comments about its performance.

Before investing money online, always check what regulators and users say about a particular platform or website to ensure you are dealing with a transparent entity and not cyber crooks like UFMInvest. 

Who Are SwapSpace’s Targets?

The SwapSpace exchange was founded in 2019. Since then, it has mainly been providing services to investors who reside in the following countries:

• United States
• United Kingdom
• Germany

These three states are renowned for having heavy financial regulations and unforgiving watchdogs that oversee the markets. They meticulously scrutinize participants to prevent fraudsters like Cred Capital from deceiving users. Since SwapSpace is a pure exchange, it is not subject to regulatory oversight, which is a disadvantage for users.

How the Crypto Platform Works

The exchange operates as a non-custodial platform, meaning users do not need to go through any SwapSpace login or SwapSpace app to create accounts to access the service. Instead, the process is simple – visit the website and select the cryptocurrencies you wish to exchange. The firm will fetch real-time rates from its integrated partner exchanges.

Once you choose your desired exchange rate, SwapSpace will provide the deposit address to which you can send your crypto funds. After depositing, the exchange handles the actual trade and sends the received crypto directly to your personal wallet address. There is no intermediary wallet involved.

The entire process doesn’t require users to sign up or share any personal information, except when an integrated exchange demands KYC/AML checks for larger trade volumes. 

SwapSpace generates revenue through commissions from the exchanges for trades. While convenient, this non-custodial model means the firm never has control over user funds. It merely fetches and displays rates, facilitating the connection between traders and their partner exchanges. The individual exchanges used are responsible for secure transfers.

Fee Structure

One of the major advantages of using SwapSpace is its fee-free model. The firm does not charge users any deposit fees, withdrawal fees, or trading commissions. As an aggregator platform, it generates revenue by receiving a share of the trading fees from the cryptocurrency exchanges integrated into its system. 

These exchanges charge their standard trading fees, displayed to the user when selecting an exchange rate.

Essentially, users pay only the trading fees of whichever exchange they choose to execute their trade, with no additional charges from SwapSpace. This fee structure is uniform across all the supported cryptocurrencies on the platform.

Customer Support

Regarding user queries and issues, SwapSpace support is available across multiple channels. The website provides an email contact form and a live chat option for users to contact the customer service team quickly.

SwapSpace is also active on major social media platforms like X, Telegram, and Reddit. The company’s Telegram and Discord channels are particularly active for support inquiries.

Funding Options and Refund Methods

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

• MasterCard
• Visa
• ApplePay
• GooglePay

As a non-custodial platform, the funding process is straightforward. Users must set up their own private crypto wallets before using the service. However, if you suspect unwanted practices, explore alternative withdrawal methods.

A MasterCard/VISA card transaction can be reversed via a chargeback. You can request a chargeback at your issuing bank within 120 days of the transaction. Reversing crypto transactions is challenging and requires specialized tracing software like CipherTrace. Fortunately, our team is experienced in assisting victims in recovering funds.

Key Information To Consider About SwapSpace

SwapSpace is a crypto exchange aggregator that allows quick rate comparison and swapping across multiple integrated exchanges. Its pros include no registration required, wide coin support, and no additional fees. Its cons are a lack of regulation, dependence on partner exchanges for security, and limited direct customer support. 

We offer professional services and assistance if you have issues with the SwapSpace crypto platform and cannot withdraw your funds. Use the form below to book your free consultation with Scam Brokers Reviews.

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

FAQ Section

What is SwapSpace?

SwapSpace is a crypto exchange aggregator that allows quick rate comparison and swapping across multiple integrated exchanges.

Is SwapSpace Reliable?

It isn’t a regulated exchange but integrates with regulated partner exchanges. Call us if you have SwapSpace withdrawal issues.

How to Use SwapSpace?

To use SwapSpace, select your crypto pair, choose the best exchange rate, provide a withdrawal address, and swap instantly without registration.

AlphaPrime is an old scheme under a new domain. This trading firm was known under alphafxprime.com until the Maltese regulator banned it. 

Then, we’ve got alphaprimefx.co, same scam in the new suit. Read this detailed AlphaPrime review and gather all the information.

Does AlphaPrime Have a License From the Regulatory Authority?

AlphaPrime is said to be a brand of Alpha FX Europe Limited, licensed by the UK FCA, Maltese MFSA, and Italian CONSOB.

However, here’s the issue. The legitimate firm has only one domain, that being alphafx.co.uk. All other resembling websites are false. That was confirmed by the MFSA warning.

Allegedly, AlphaPrime is registered in Cyprus, while their support phone number has a Dutch country code. If this bedevil is not enough, the Terms and Conditions don’t specify anything in regards to legal jurisdiction or the actual owner.

In addition, we strongly advise you not to invest in Adar Capital, PrimespotWay and Crypto Portfolio fraudulent brokers. So don’t fall for these dishonest scam brokers!

Reasons Not to Trust an Unlicensed Broker

Unlicensed brokers tend to imitate regulated trading firms to attract potential investors. However, they do not provide the level of security you’d get with a legit brokerage. There’s no fund safety, compensations, or negative balance protection.

If an unregulated firm vanishes, tracking perpetrators can be tricky since most of these firms are anonymous, such as AlphaPrime.

​​Is AlphaPrime a Legit Broker or a Scam?

AlphaPrime presents itself as a legitimate broker regulated by the FCA, MSFA, and CONSOB. In fact, the domain alphaprimefx.co is just a clone of a legit brokerage. The consumer index is low, indicating withdrawal issues.

AlphaPrime Awards – Company Achievements

Trying to confirm its legitimacy, AlphaPrime listed its alleged awards:

• Best Trading Experience 2019 – World Finance Awards
• Most Innovative Broker 2018 – FXEmpire
• Best Customer Service Global 2017 – World Finance

Since the website was registered in 2021, there’s a slim chance they could win any awards before registration.

Warnings From Financial Regulators 

The Maltese regulator, MFSA, issued an official warning stating that AlphaPrime is a clone firm. While the domain is different, all other information, from address to phone number, matches our AlphaPrime here.

We suspect this shady firm changed its domain after the warning, but it cannot hide it. A scam remains a scam, however, you name it.

What Do Traders Think Of AlphaPrime?

Most traders tried filing a dispute with regulators and asking for their funds back. Of course, since AlphaPrime is not actually licensed, this was impossible.

Then, they realized that they had been scammed and started looking for alternative money-back solutions. Numerous negative reviews are warning future investors not to make the same mistake.

What Platform Does AlphaPrime Provide?

AlphaPrime allegedly gives access to WebTrader. It also says it offers proprietary apps for mobile phones, both Android and iOS. However, our research has shown differently.

Web Terminal

Broker’s WebTrader terminal is quite dull, without any special features. There are pending orders, the ability to open and close trades, and several technical indicators.

If you’re looking for a more advanced tool, you can always check out MT4 or MT5. Both offer a wide range of TAs, EA, access to social trading, and much more.

Mobile Trader

AlphaPrime’s mobile trader is allegedly available on both platforms. However, once we tried downloading it, we got the file “unconfirmed.crdownload.”

Since we’re unwilling to open any files being unconfirmed, we cannot verify if there’s really a mobile app. If you find a MetaTrader broker, you’ll get an app, no questions asked.

AlphaPrime Accounts Overview

This brokerage offers four account types, those being:

• Micro – $250
• Standard – $2,500
• Premium – $25,000
• Gold – $100,000

Allegedly, each gives access to MT4, which we have already confirmed is untrue. Further, the leverage and spread decrease with account upgrades while the margin level increases.

So, you should avoid BSTrade forex broker and similar brokers such as AFX Trade LLC, Geneticrypto and Fibofix.

AlphaPrime Range of Trading Markets

Customers can trade in the following markets:

• Forex – EUR/USD, GBP/CAD, AUD/NOK
• Indices – NASDAQ, FTSE100, IBEX35
• Shares – Google, Facebook, Microsoft
• Commodities – gold, platinum, corn

It’s unclear whether crypto trading is enabled since BTC is listed under currency pairs.

What Is Known About AlphaPrime’s Trading Conditions?

The easiest way for the broker to attract investors is by offering favorable trading conditions. However, you should be worried when those go against the regulatory regime. 

Leverage can significantly increase your trading power but can also lead to heavy monetary losses. Let’s see what AlphaPrime offers.

Leverage and Spreads

While the European regulatory cap for leverage is 1:30, AlphaPrime offers a range of 1:100-1:500. This is an official confirmation of its illegal operations.

The spread ranges from 0.2-1 pips, which is quite solid. Yet irrelevant when the broker is unlicensed.

AlphaPrime Minimum Deposit and Withdrawal Terms

AlphaPrime requires its customers to deposit a minimum of 250 USD or EUR. However, the payment methods are not specified.

The Withdrawal Policy is also obscure, not to mention withdrawal terms and costs. All in all, it seems that getting a payout is not an option. According to reviews, customers who submit withdrawal requests can no longer access their trading accounts.

Scammed by AlphaPrime Broker? – Let Us Hear Your Story

If you were scammed by AlphaPrime or a similar phony website, let us know. Our chargeback experts will evaluate your case. We may be able to assist with fund recovery. Let’s get in touch!

But What Is A Chargeback?

This is a way for your bank to reverse a fraudulent transaction and recover stolen funds. For more information, book a free consultation with our experts.

We’re here to help!

What Is AlphaPrime?

AlphaPrime is a clone firm of a legitimate brokerage, Alpha FX Europe Limited.

Is AlphaPrime a Scam Broker?

AlphaPrime is a scam broker exposed by the Maltese regulator, MFSA.

Is AlphaPrime Available in the United States or the UK?

The broker is available in the UK but doesn’t operate in the US.

Does AlphaPrime Offer a Demo Account?

No, AlphaPrime doesn’t offer a Demo account and requires an initial deposit immediately.

Welcome to the RXK Capital Review. In this quick analysis, you’ll learn why this offshore provider is extremely risky and dangerous. Everything from its trading platform to conditions and payments is dubious. Without further ado, let’s expose this fraudster once and for all.

Furthermore, we strongly advise you not to invest in the bogus brokers BN93, TBanque, and ENS Invest. If you want to save money, don’t trade with these unlicensed brokers!

RXK Capital Is a Fraudulent Broker Without a License?

We’ll start off by saying that RXK Capital is unlicensed. There is ample evidence for this presupposition. The most obvious is the fact that the broker is operated by RXK Management Ltd, based in Saint Vincent and the Grenadines (SVG).

This little island in the Caribbean Sea is notorious for being home to a lot of vile scams and frauds. They love SVG due to its favorable tax system and lax rules. 

Plus, the local Financial Services Authority does not regulate the Forex market. Therefore, RXK Capital cannot possibly possess a valid license.

RXK Capital is an illicit offshore investment scam that claims to offer Forex, CFD and crypto trading. The broker intends to defraud unsuspecting traders from Germany, Sweden and the United Kingdom.

Why Is It Safer To Choose Regulated Brokers?

Needless to say, without a license, RXK Capital surely doesn’t provide enough security to its clients. By that, we mean segregated funds, negative balance protection, leverage restriction, and indemnification.

Also, we don’t know whether the broker has a considerable operating capital (i. g. a minimum of 730,000 EUR in the EU). That’s not a provider you want. Instead, opt for those that are regulated by the likes of the FCA, CySEC, ASIC, etc.

A Warning Issued by BaFin

An SVG-based offshore broker is shady enough, but coupled with the fact there’s a warning issued against RXK Capital, it makes matters far worse. Yup, the stern German financial market watchdog, BaFin, has warned traders about this con artist.

This text ought to deter you from trusting such a foul provider. We honestly hope it reaches other traders as well.

RXK Capital Software – How Safe Is Trading Platform?

RXK Capital advertises an “award-winning platform” suitable for beginners and adapted for multiple devices such as the PC, Mac & mobile. However, the fraudster is simply selling snake oil.

The platform in question is WebTrader, a rudimental and oversimplified browser-based platform. As such, it lacks advanced tools like algorithmic trading and API integration that made Meta Trader 4 and 5 great.

Mobile Trading

Since the platform is available only online, it can be accessed via a mobile phone as well. While it may be good for trading on the go, we don’t recommend it.

Plus, it may be rigged to show fake trading parameters. The profits are fake, but the broker does take your deposits with pleasure.    

Traders’ Reviews of RXK Capital

At the time of this writing, there were 47 reviews on Trustpilot. Mostly positive but even the website warned us about fake reviews. One trader made an alarming statement and RXK Capital launched a counteroffensive.

This is a scam. Be aware! They will lose your money and then refuse to speak to you. They will say they’ll contact you but they never will. They tell you your trades are in “rollover” but 3 months later they still refuse to tell you what’s going on. You absolutely are pressured to enlarge your investment.

– Trustpilot user, November 16, 2022.

The financial swindler denied this claim and got all defensive. Disregard the scammer’s fake courtesy, the poor trader is right about RXK Capital.

RXK Capital Range Investment Opportunities – Trading Instruments

Here’s an overview of RXK Capital’s trading instruments:

• Forex currency pairs – EUR/USD, AUD/NZD, CAD/GBP…
• Indices – NIKKEI225, GERMANY30, US100…
• Commodities – gold, silver, coffee, brent oil…
• Stocks – Apple, Bayer, Samsung…
• Crypto assets – BTC, ETH, LTC, XPR…

RXK Capital Fraud Risk Zones – Service Countries

It’s important to note where this scammer implements its malevolent scheme. Traders from three countries are the main targets:

• The United Kingdom;
• Germany;
• Sweden.

Fortunately, Germany’s BaFin launched an investigation of RXK Capital’s business. If you have relevant and useful info on this scam, please let us know.

On top of that, we seriously recommend you not to invest in the fake brokers Apollo Cash, Auto FX Trade, and IntraO. Do not trade with these unlicensed brokers if you want to save your money!

RXK Capital Accounts Overview

Here’s the list of available account types at RXK Capital:

• Standard Trading Account – 10,000 EUR;
• Advanced – 25,000 EUR;
• Platinum – 100,000 EUR;
• Expert – 250,000 EUR;
• VIP – 500,000 EUR.

As you can see, the weakest account costs 10,000 EUR, but the broker says in the FAQ section that the minimum deposit is 250 $.

As for the leverage, it ranges from 1:20 to 1:150, well above the legal limit of 1:30 set by top regulators. Only offshore con artists do this. 

Spreads start from 0.2 pips. That’s awesome but not certain given RXK Capital’s illicit status. Commissions go all the way up to 10%, which is really unfavorable.

Access to a Free Demo Account

Nope. There’s no demo account here. Unsurprisingly, all we found was a promo code option. The scammer finds a suitable trader to defraud, sends him/her the code, steals the money and vanishes. That’s the whole scam in a nutshell, basically.

Bonus Conditions Provided by the Broker

Each account type comes with a hefty bonus – 2,500-250,000 EUR. Of course, it’s not without strings attached. Namely, there’s a shady clause that requires you to trade up to an insane volume to be able to withdraw.

By trusting this broker, you agreed to this. So much for transparency. Bonuses are banned by all reputable European regulators.

RXK Capital Terms and Conditions

In the T&C section, we found some info on the payment methods. RXK Capital mentioned credit/debit cards and wire transfers as well as a 5% withdrawal fee. Allegedly, withdrawals take up to three business days and five more days to appear in clients’ accounts.

As the poor victim mentioned in the Trustpilot complaint, RXK Capital locks in the deposits and refuses to allow any withdrawals. 

RXK Capital Broker Scammed You? – Please Tell Us Your Story

Falling victim to this awful scam is unfortunate. However, we can help you in getting a refund and report RXK Capital to raise the awareness of more regulators about this hoax.

As for the refund methods, they depend on the way you deposited funds. You can request either a chargeback or a recall. We can help you with the whole process. Just give us a call!

What Is the Chargeback Procedure?

• Credit/debit card transactions can be reversed via chargeback.
• You can request a chargeback at the issuing bank within 540 days.
• Wire transfers can be reversed via recall.
• If the transaction is complete, the recall cannot be performed.

Contact us today and start your chargeback process.

What Is RXK Capital?

RXK Capital is an outrageous offshore investment scam that includes Forex, CFD and crypto trading.

Is RXK Capital a Scam Broker?

Yes. There’s even a warning issued against the shady broker by Germany’s BaFin.

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

The broker is available in the United Kingdom but not in the United States.

Does RXK Capital Offer a Demo Account?

No. There’s only a live account. But we did find a promo code option, which is really suspicious.

Duo Markets broker, owned by TUTORES-FX S.A.C., is an introducing broker for Eurotrade SA (Pty) Lt. An Introductory broker is an entity that accepts orders to buy and sell various financial instruments, but does not accept capital and other assets from the traders. All the funds go to the owning company, in this case – EuroTrader. 

However, even the IB needs a license, and Duo Markets doesn’t have it. That’s where the troubles start. That basically makes them no different than LBLV for example. Please read the following Duo Markets review carefully, as the situation is so tangled up it gives headaches. 

Duo Markets Shady Regulation

Duo Markets has several discrepancies which made us suspicious of their real location being South Africa. Firstly, there’s a South African address on the website where Eurotrade SA (Pty) Lt is legally registered. Secondly, Duo Markets gives a phone number from Peru as their contact. Lastly, their verified TrustPilot profile gives an office address in the Bahamas! What will it be?

This dangerous and potentially offshore entity acts as an IB of Eurotrade SA (Pty) Lt as the main service provider. However, Eurotrade SA (Pty) Lt is regulated by FSCA in South Africa. You can search the register and the result will appear here: https://www.fsca.co.za/Fais/Search_FSP.htm. But not if you search for Duo Markets or the firm that is their supposed owner – TUTORES-FX S.A.C.

Eurotrade SA (Pty) Lt has a FSCA regulation but they cannot provide services to EU traders. Yet they do, and they also offer bonuses, which are prohibited there. That’s just a portion of the troubles the EuroTrade Group causes with their offshore entities that are breaching the ESMA and CySEC rules. You can find more details here: https://fintelegram.com/cysec-compliance-be-careful-with-the-bonus-program-of-offshore-broker-eurotrader/

We believe it would be smarter to find a better regulated broker that doesn’t use offshore entities to cover a wider area at any cost and bring their clients under risk. FinRoyalty is another site you should stay away from.

Duo Markets Targeted Areas

The origin of the Duo Markets clientele implies the firm’s potential real location. Most of the customers seem to be from the countries in the same area:

• Brazil
• Spain
• Peru
• Colombia
• Argentina

Their services and general offer might come off as attractive in certain aspects, but please beware. Duo Markets will have you believe you’re trading under the best conditions and with the best tools available. However, your entire investment project may go to waste, considering the offer comes from an unregulated entity. 

For the quickest problem resolving with this of similar firms, you can contact our customer service. We offer professional legal help that can aid you in fund recovery. 

Traders Testimonies

Duo Markets verified profile on TrustPilot currently has almost 200 reviews and the ratings are almost 100% positive. While appealing at first, this case actually smells like another example of paid reviews. Since most of them are not written in English, we will not post any, but we advise traders to know better than to blindly trust an unrealistic presentation.

Trading Commissions And Other Costs

Depending on the account type and the amount of your initial investment, you can access lower commissions and better spreads. Lowest commission is $0 while some other accounts have it at $2.75 and $2 on Forex pairs. As for the spreads, they start at 0 pips but can average 1.2, too.

The leverage is lower if you are willing to pay more for a pricier account. You can begin with 1:500, and unlock 1:100 maximum leverage later.

The Duo Markets Offer As A Whole

Determining how much you’re able to invest reflects the offer you can afford. Lower costs bring less features like a Micro account, while better offers are more costly. There’s several account types to choose from as well as the most popular financial instruments groups for trading. The Platform used at Duo Markets is MT4 and MT5 for all devices. Let’s see the particularities.

Trading Platforms

One bright point with an unlicensed broker could be the fact that they offer the best software in the industry for trading – MT4 and MT5. Being an introduction broker, Duo Markets provides the same software and trading server as their main service provider – EuroTrader.

The powers, abilities and reliability of MetaQuotes platforms are unprecedented to this day. Most deserving for that are the exceptional tools, advanced features and customization tools and add-ons.

Tradable Instruments

Duo Markets’ offer doesn’t differ much from what is usually traded and expected. With the majorly popular instrument classes available, Duo Markets has an average offer:

• Forex (EUR/GBP, EUR/USD, USD/CHF, USD/JPY)
• Indexes (AUD 200, DE 30, EUR 50, HK 50, JPN 225)
• Commodities (Gold, Platinum, Silver, Natural Gas, Sugar)
• Crypto (BTC, BNB, DOGE, DOT, ADA, ETH, LTC)
• Stocks (Nestle, AMD, Nvidia, Samsung, Tesla)

Account Types And Features

Cheapest Duo Markets account could be purchased with an initial deposit of just $25. The rest of the offer with the package names, prices and general features is the following:

• MICRO (STP) – Min deposit $20, spreads from 1-1.2 pips, leverage up to 1:500
• ZERO (STP) – Min deposit $300,  spreads from 0.3 pips, leverage up to 1:300, commission from $2.75 on Forex
• HERO (ECN) – Min deposit of $10,000, spreads from 0.3 pips, commission from $2 on Forex, leverage up to 1:100

Mobile Trading App

MT4 and MT5 have a diverse adjustability. These platforms offer customized versions across all platforms. Android and iPhone users can trade using the EuroTrader apps for MT4 and MT5 for trading on the go. While it is very comprehensive and lucrative to trade on such software, do not forget that Duo Markets is unlicensed, which ultimately defeats the purpose of transparent and fair trading. 

Trial Trading Options

Besides the fact that the platform is available for live trading on MT4 and MT5, EuroTrader users can also start off with a Demo. The trial period allows risk-free trading with a maximum margin of $5 000 000. This is especially attractive for Forex beginners, looking to first test the environment and learn their limits and possibilities.

Education

Earning at Duo Markets goes through the Duo Traders – Educational Portal. There’s several levels it covers, like news, articles, events and arena. 

Although extensive, the articles that these sections consist of are only in Portuguese, which significantly lowers their usefulness. Duo events and arenas are based on connecting with other traders to learn and test your own capabilities in comparison to theirs.

Duo Markets Withdrawal Procedures

Duo Markets website publishes several claimed channels for transactions: 

• Credit Cards
• Bank Wire 
• E-wallets 
• Crypto 

We absolutely do not recommend investing with any company that isn’t properly regulated and doesn’t have a license for their activities. Especially because Duo Markets doesn’t have publicly posted legal docs that would guide you through the process and inform you of the potential fees and taxes. 

While the website lists all these deposit methods, they aren’t completely honest about the payment providers and hidden fees. So watch out and thoroughly inform yourself before handing over your cash to anyone!

Customer Support

Contacting the Duo Markets support and staff mainly goes through the online form. The phone number belongs to an unknown Peruvian location and the office address isn’t that of Duo Markets but of EuroTrader. As if the situation couldn’t be any more unclear, Duo Markets as an unlicensed entity obviously tries to cover up their presence and any details that could give them away. 

Final Conclusion

Duo Markets, the IB of EuroTrader is not a licensed entity. Their location, headquarters and exact company info is completely concealed. This automatically renders them not trustworthy. Eurotrade SA (Pty) Lt and the entire EuroTrade Group are already facing regulatory breaches for their offshore activities. We’d recommend you to choose a better regulated broker instead.

If you happen to be facing difficulties with withdrawals, do not be ashamed and seek professional help from our legal experts. We can advise you and offer the help you need to retrieve your investment. Do not forget – first consultation is free!

FAQ Section

Does Duo Markets Have License?

No, this IB is not licensed to provide their services by any financial authority at all.

What Payment Methods Does Duo Markets Accept?

The website and the user panel list these methods: credit cards, wire transfers, e-wallets and crypto.

Are My Funds Safe With Duo Markets?

Safety is not expected from unlicensed entities. Contact us for help in retrieving your funds from unregulated firms!

Why is PrimeNox such an unreliable and shady Forex brokerage? Is it because of the lack of transparency or because of the ineffective trading platform?

These are just the tip of the iceberg, unfortunately. Read our PrimeNox Review to learn the nasty truth about this broker. Also, find out how you can get your money back from cyber con artists.

Legal Info: Is PrimeNox Regulated?

PrimeNox claims to be a legitimate UK Forex broker. Yet, this anonymous website, like Fantex, has been blacklisted as a scam! The Belgian Financial Services and Markets Authority (FSMA) is the financial regulator that issued a warning against PrimeNox on September 6 this year. 

Therefore, PrimeNox isn’t licensed to offer services. Trading with unregulated brokers is risky, which is why we recommend you invest your hard-earned funds elsewhere. Try finding a licensed provider.  

Make sure your broker legally operates under the watchful eyes of top-tier financial market regulators such as the FCA (UK), CFTC & NFA (US), ASIC (Australia), IIROC (Canada), MAS (Singapore), CySEC (Cyprus), etc. 

If PrimeNox scammed you, we can help you retrieve your money!

Who Are PrimeNox’s Targets?

According to godaddy.com/whois, the primenox.com website domain was created on April 11, 2023, despite the broker claiming that this business has been ongoing since 2009. Since the aforementioned date, the financial swindler has been mainly targeting traders in the following countries:

• United Kingdom;
• Australia;
• Belgium;
• Switzerland.

Fortunately, it did not take the Belgian FSMA long to notice the scam that PrimeNox is running. Please heed the warning from the regulator and avoid the phony platform altogether. 

Trader Reviews – Sharing Experiences

PrimeNox did not receive many reviews. In fact, we found only five – two positive and three negative. You can read the reviews for yourself on trustpilot.com and personal-reviews.com but please do not ignore the complaints.

Traders who claim to have lost money to PrimeNox presented solid arguments and grounds against the anonymous website. As we mentioned, it’s better to avoid unregulated platforms and opt for licensed brokers with great reputations.  

PrimeNox Trading Platform

PrimeNox offers a rudimental and ineffective web-based platform with basic charts, graphs, and indicators. The online trading terminal is suitable for beginners but not for intermediate and advanced traders because it does not offer cutting-edge tools such as automated trading or live market reports.

This platform can be used to trade popular assets such as Forex currency pairs, CFDs on stocks, indices and commodities, and cryptocurrencies. There is no mobile trading app though.

It’s important to stress that web platforms, like the ones offered by PrimeNox and Gfxroyal, can easily be manipulated and rigged so be careful.  

If you’re having issues with the PrimeNox platform, we can help you recover your funds.

PrimeNox Account Types

PrimeNox offers six live trading account types with varying trading conditions and benefits:

The maximum leverage is unknown. As for the trading costs, PrimeNox advertises tight spreads from 0.75 pips, which is pretty competitive but useless if the platform is rigged. 

The company also offers welcome bonuses, ranging from 10% to 50%. Bonuses directly violate the trading rules and regulations in force in the European Economic Area. And rightfully so given that PrimeNox included a shady bonus clause.

Namely, the website says that “bonuses issued to Client by primenox.com may only be withdrawn subject to execution of a minimum trading volume of 25 times the deposit amount plus the bonus issued,” which is an insane volume to achieve. Don’t let the scammer condition you with such requirements.

PrimeNox Demo Account

PrimeNox does not offer a risk-free demo account, despite advertising it. If you’re a beginner trader, you first want to try out the platform with virtual funds instead of risking real money.

Unfortunately, PrimeNox offers no such option, which is yet another reason why you should avoid this broker. Legit providers always include a demo account that can be used for a free trial period.

PrimeNox Withdrawal Process

PrimeNox’s website lists multiple different payment methods for deposits and withdrawals:

• Credit/debit cards (MasterCard, VISA);
• Wire transfers;
• E-wallets (Skrill, Neteller, etc.);
• Cryptocurrencies (BTC, ETH, LTC, etc.).

The minimum deposit requirement is 250 USD. As for the withdrawal fees, PrimeNox charges 50 USD for wires, 25 USD for cards plus a processing fee of 10 USD and 25 USD for e-wallets.

Since some traders complained about not being able to withdraw funds, we will tell you a bit more about the chargeback procedure.

Funds deposited via MasterCard and VISA credit/debit cards can be refunded via a chargeback, which can be requested at the issuing bank within 540 days. Wire transfers can be reversed via a recall but this action can only work for transactions that are not yet complete.

Key Facts To Consider About PrimeNox

PrimeNox is an unlicensed scam broker claiming to operate out of the UK. The main targets of PrimeNox are traders from the United Kingdom, Australia, Switzerland, and Belgium.

The platform is unregulated, non-transparent, and blacklisted by the Belgian FSMA. Many traders had issues with PrimeNox, which is the main reason why we do not recommend this platform.

If you lost money to the PrimeNox scam, please book your free consultation with us and tell us more about your case. If you need professional assistance in recovering your funds, our team will gladly guide you through the chargeback process.

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

FAQ Section

What is PrimeNox?

PrimeNox is basically an anonymous and unlicensed online trading platform for Forex and CFDs.

Is PrimeNox Regulated?

No. To make matters worse, PrimeNox has been blacklisted as a scam by the Belgian FSMA.

How Can I Withdraw Money From My PrimeNox Account?

It’s unlikely that PrimeNox will pay you out. In case you cannot withdraw your funds on your own, we offer our assistance.

This crypto portal invites you to allegedly take your digital currencies trading to the next level. With the claims of providing everything you need to excel in trading, this unscrupulous scheme will not even ask for a minimum deposit amount. All so you would invest. 

However, any investments made with this crypto provider are doomed to fail. It would be wise of you to first read this Coinbitrade review before making a terrible mistake of trusting these fraudulent deal proposers.

Invisible For The Authorities

This purely fictitious company doesn’t exist in any known register. While they claim to operate under the laws of the jurisdiction of Hong Kong, SFC, the local regulator, hasn’t issued them a license. Our attempts to find a license by searching the registers of FCA, CySEC, NFA and BaFin resulted with zero finds.

After we determined that the legal docs also do not make a mention of a regulation, we were sure that this fraudster operates from the shadows and from a gray zone area.

It would not be smart to invest into this exchange, as your investment endeavors are sure to turn into a financial disaster. 

Protection doesn’t exist and the platform can easily gain access and manipulate your funds to their content. Additionally protection from external breaches is also not established, so better avoid this crypto portal. 

Fraudulent Methodology

The entire scheme has been running for a while, as we can see from the WhoIs register. The website was launched in May 2021, and targeting these nations in particular:

• United States
• Ukraine

To cover up their tracks and hide from the authorities, this exchange uses boiler room agents instead of the usual advertising methods. These are most active on the Telegram web service, where they can enjoy anonymity thanks to the embedded data encryption.

The story these agents use is common with other scamming sites, like Boney Market for instance. They usually claim to need the victims’ money to achieve some incredible profits. All of these are just stories to attract clients, however, and the invested money is as good as gone, unless you get help from a professional.

Company Buys Fake Reviews

The legal information is the most accurate measure of reliability, however it is also important to check the online rating sites. While doing just that, we have found a disparity between TrustPilot and SiteJabber platforms.

This is a telltale sign that this exchange, much like Cryptogainers, are using review seller networks to artificially boost their reputation on these platforms. If the company did indeed provide such excellent service, we’d see more about them on the net.

Fee Structure From Unreliable Source

The website itself doesn’t contain any information about Maker and Taker fees, or any other additional charge, such as commission. We did use the live chat to get this information from a support agent instead, but there’s basically no document to back this up.

As we were informed by this company employee, the Maker and Taker fees are 0.025%. Withdrawal fees vary from coin to coin, however. For the benchmark Bitcoin, the fee is 20USDT, while Ethereum payouts costs 5USDT. Other coins, including the USDT stablecoin, incur a 1USDT fee.

Trading Tools Not Worth A Mention

The first disappointment is certainly the oversimplified platform. No choice of accounts additionally undermines the entire impression of the offer. Lastly, the trading options weren’t all that rich or remarkable, so we can confidently conclude that this site has nothing of value to offer.

Horrible Trading Software

While the exchange brags about advanced security solutions, all they actually offer as a Coinbitrade platform is a rudimentary web trader. It offers little in the way of functionality, with no advanced options.

Online security is always top priority when conducting business with a cryptocurrency exchange. The danger of data leaks, security breaches and hacking is omnipresent, something which even the most robust platforms are not immune to.

Knowing that your crypto assets are handled by a ramshackle web-based app is disconcerting at best.

Crypto VS USDT

Since leveraged crypto trading against FIAT currencies isn’t available, there’s only digital coins traded against the USDT. There aren’t many options provided in general, considering there’s only about a couple of dozen choices. 

Some of the more commonly bought and sold pairs are BTC/USDT, ETH/USDT, LTC/USDT, LINK/USDT, TRX/USDT, SOL/USDT.

No Customized Accounts

As far as the specialized packages with diverse features go, don’t expect to see a remarkable offer of Coinbitrade accounts. 

Firstly, not even the standard account is summarized and presented understandable and with all its features. Secondly, there’s no Demo option or any other account type. 

What somewhat makes the whole mess easier for a trader is the fact that there’s no deposit requirements, so you can start with any sum you can afford. Not that we’d ever recommend you to.

Payouts Are An Issue

The same problems we’ve encountered with the trading fees persists with the Coinbitrade withdrawal. Support agents are the only source of information, with no document backing any of it up.

Since these frauds always revolve about abusing customers’ trust, it’s possible that no payments are allowed with this exchange whatsoever. Indeed, many of the people critical of the platform openly complain they can’t get their money out. For help with asset recovery, get in touch with our chargeback experts via the live chat.

Chat Customer Service

The Coinbitrade support doesn’t provide any other communication option besides the live chat. There’s no phones, emails, online form or office address you could visit. 

We have to admit that the support agent was diligently answering all our questions in the chat, though. They were even honest about not having a regulation, which they didn’t seem to be bothered by in any way.

Need Help? Book A Free Consultation Today!

There are no positives when it comes to trading through this exchange. The company is not even a registered firm, let alone licensed by any authority. Services are basic, and the site doesn’t provide much insight into the important trading aspects.

Dealing with these sorts of illicit entities carries more risks than just unprofitable trades. For help with withdrawal, or any other issues you might have, consider booking a consultation with our experts. We are available 24/7 on the live chat, and our first consultation is free of charge!

FAQ Section

What is Coinbitrade?

This is a fraudulent crypto website that doesn’t own a valid license and reveals none of the corporate information.

How Can I Contact Coinbitrade?

The only way to get in touch with the support service is via the online chat.

Can I Recover Stolen Crypto?

If you contact our chargeback experts and legal professionals, we can help you get your investment back in no time.

For a UK/Swiss brokerage with European level of quality trading service, Kudos Capital Management sure lacks in many aspects of their conduct. From the promise of the best financial advice and most accurate trading tools provided to being blacklisted, Kudos Capital Management turned out to be a false service provider. 

So stay tuned with our Kudos Capital Management review and we’ll give you all the vital information about this dangerous and deceptive company on a plate.

Legitimacy Question

The brokerage brand is owned by a company with the same name. However, since their headquarters are stated to be in the UK and Switzerland, we immediately checked with two main financial watchdogs in these countries – FCA and FINMA. Moreover, we’ve also combed through the registers of regulated entities kept by BaFin, CySEC, ASIC, NFA and CONSOB. 

As it turns out, Kudos Capital Management has been blacklisted for operating without being authorized by:

• FINMA: https://www.finma.ch/en/finma-public/warning-list/kudoscm-com/

A warning in the state where the broker is supposedly headquartered is the biggest red flag. This discovery implied to us that Kudos Capital Management doesn’t implement fund segregation, negative balance protection and compensation fund. What’s more, they do not limit the leverage on crypto trading, but instead pushes clients into risk. Coin2FX is a blacklisted entity with similar behavior towards clients.

Kudos Capital Management claims to have a fictitious license by an entity called “Reunion Free Zone”. This is not an existing financial regulator. Due to lies and blacklists, we advise you to avoid this broker.   

Latin American Victims

The stated offices do not have to be the actual locations of the broker’s headquarters. Judging by the origin of victims, it could very likely be that the scam operates from one of the countries with the biggest number of scammed traders, like:

• Colombia
• Peru
• Ecuador
• Mexico

This also doesn’t mean that Kudos Capital Management doesn’t sell their services to the broader audience without filtering their victims. You see, the broker offers specialist consultation and guidance when it comes to smart investing. Also, they especially try to make their trading conditions sound attractive without being precise. 

These are just some of the swindling tactics you should beware of. We help victims of such lies to get ahold of their funds again, so contact us if you find yourself in such a situation. 

Fabricated VS Actual Costs

Kudos Capital Management scam wants you to think trading on their platform is conducted under lowest trading costs of 0.0 pips and adjustable leverage. Meanwhile, the exact costs remain undisclosed. Also, all the account funding and payouts should be fee-free, as well, which we do not believe for a second, coming from a blacklisted site. FxActive is scarily similar in terms of lacking transparency. 

What the Broker Does(not) Offer

All the state-of-the-art trading conditions and parameters that Kudos Capital Management should be able to offer its investors remain nothing more but a promise. Without access to the client zone, we couldn’t review the platform properly or the account types. The only category fully visible to non-clients are the financial instruments offered. But that becomes irrelevant when there’s no platform, doesn’t it?

Where’s the Promised Platform?

We can’t tell for certain if Kudos Capital Management even has a platform of any kind. Access to it is restricted without an account opened with the broker. 

Reputable brokerage sites would allow platform preview before registration, but not Kudos Capital Management. This situation equals one where the broker does not have a platform at all. 

Choice of Assets

Several groups of tradable assets are the same ones we see in most regulated brokers and fraudsters alike. Nothing in the choice of instruments is jaw dropping or exotic at the absence of a Kudos Capital Management platform makes it impossible to trade:

• Forex (EUR/USD, EUR/CHF, USD/JPY, AUD/CAD)
• Shares (Facebook, Boeing, Barclays, Apple, Amazon)
• Indexes (UK100, GER30, SPX500, NASDAQ, JPN225)
• Commodities (oil, gas, coffee, and soybean)
• Cryptocurrencies (Ethereum, Ripple, Litecoin, Bitcoin Cash, EOS)
• Metals (Gold, Silver, Platinum)

Account Types – None

First problem with determining the available packages was the absolute necessity for a promo code to complete registration. Since we didn’t have it, we couldn’t enter the client zone. The restricted access has prevented us from examining the conditions and the complete offer more closely.

No Demo Account

The same application form for account opening suggests no option to choose between Demo and a Live account. Kudos Capital Management account for risk-free trading could exist, but we had no way to verify that. Either way, trial trading provided by a blacklisted site is not a healthy trading environment where you want to invest.

Do Withdrawals Work?

The Kudos Capital Management fake offer presents the ability of transferring funds hustle-free, but that’s only if you do not read the legal docs. Client Agreement says the incurring fees are only up to the client to pay.

Also, the company reserves the right to alter the spreads, leverage, prices and other trading conditions as they find fit. That puts clients in the position of facing sudden fees and additional taxes to pay. These sorts of lies, misinformation and data manipulation breach all Tier 1 regulatory directives. 

Customer Support

Contact details the website presents are:

• Email – [email protected]
• Phone – +447418355723
• Address – 84 Eccleston Square, Pimlico, London, UK. Via G.B. Pioda 9, 6900 Lugano, Switzerland.
• Online form

Although it may seem easy to locate and contact the broker, we had no such luck. The phone number is one which no one answers and all emails do not go through. Customer support at Kudos Capital Management seems completely unresponsive.

Few Things To Remember

Keep in mind that the Kudos Capital Management review you had a chance to read breaks down key points to a scam scheme with suspicious background and a blacklist warning. 

If you’re facing payout troubles with this broker, contact us as soon as possible. We’re here to offer free legal advice and support in getting back what is rightfully yours so don’t feel ashamed for what has happened to you and reach out to us any time. 

FAQ Section

Is Kudos Capital Management A Trustworthy Broker?

No, this broker is actually blacklisted by the Swiss FINMA. If you can’t get a withdrawal from them, we can offer you legal support.

What Account Currencies Are Available In Kudos Capital Management?

The broker doesn’t specify such account details.

What Is The Minimum Deposit In Kudos Capital Management?

The minimum package cost at Kudos Capital Management is not revealed.

While not giving any information about itself, the broker expects clients to believe the story of making money. Moreover, it expects them to expose their funds to an unknown trading scam. Read our TopMarketCap review to find out why this particular company is not recommended for investing.

What About TopMarketCap Regulation?

TopMarketCap hasn’t listed owner, headquarters, or regulatory jurisdiction. Based on that, we can conclude it’s another company trying to hide, most likely offshore, and scam as many clients as possible. Knowing this, you should understand why handing over your funds to such a broker is dangerous.

You have no guarantees for your funds, no regulator above the brokerage, and no official place to file a complaint in case of issues.

In addition to the above, we strongly advise you not to invest in RTALive, RoyalFX24 and Dominion Markets fraudulent brokers.

TopMarketCap Scam Warnings

Since the broker operates illegally, we’ve decided to check regulatory warnings and see if anyone noticed the TopMarketCap scam. The broker has been blacklisted in Austria by the FMA and marked as an illicit online trading provider.

Fund Withdrawal Issues With TopMarketCap

Since the broker is operating illegally and clients don’t even have an official address, scamming clients is not an issue for TopMarketCap. In fact, it seems to be the reason why the website was opened and the company established.

Once you want to fund your account, you will face the best support team in the world. However, if you decide to request a payout, your account will be blocked and your access to funds suspended.

If something similar has happened to you, file a TopMarketCap complaint immediately.

Also remember the names of the Nekstra, CFBroker and Arb-capital trading scams and avoid them at all costs! Moreover, always check the background of online trading companies before investing!

Areas Of TopMarketCap Scam

As per reviews, the broker is mainly present in Australia, Canada, and Germany. Based on the FMA warning, we can tell it’s defrauding clients in Austria too. Therefore, wherever you are, be aware that TopMarketCap has no regulations whatsoever and cannot provide financial services legally in any country.

Traders About TopMarketCap Scam

We’ve come across many negative reviews of TopMarketCap. Clients are mainly complaining about withdrawals, but there are also issues with the platform, with account managers refusing to process withdrawal requests and the fact that the company is selling non-existing trading software.

According to clients, a broker promises access to an automated trading system that it doesn’t possess just to gain as much money as possible.

How Does Online Trading Scam Work?

Speaking of online trading scams, clients are mainly associating it with Bitcoin. Why? Because nowadays, that’s the most common scam. Advertisers are selling you the Bitcoin opportunity, showing you a potential profit of millions of dollars if you just start now.

However, once you invest, you will be drained and have no money left, and when you ask for a withdrawal, your request will be denied and access to your account suspended.

Be aware that fraudsters have access to all your money as it’s not kept in segregated accounts, as is the case with Tier1 regulated companies.

Scammed by TopMarketCap? – Tell Us Your Story

If you were scammed by TopMarketCap or a similar bogus broker, let us know. There is a potential solution to your problem, which is called a chargeback.

But What Is A Chargeback?

This is a way for your bank to reverse a fraudulent transaction and get the money back from the merchant. However, you need to provide sufficient evidence, and that’s why we are at your disposal.

Book your free consultation via online chat, and let’s make the first step towards a refund.

What Is TopMarketCap?

TopMarketCap is an online Forex and CFD trading provider without a license.

Is TopMarketCap A Scam Broker?

Yes, broker is a fraudulent trading firm blacklisted in Austria for illegal activities.

Is TopMarketCap Regulated?

TopMarketCap is not regulated and provides financial services illegally.

Winvestock broker is a typical online trading scam. The firm is unregulated and provides financial services from an unknown location; the owner is not listed. Since the website is incomplete with information and looks like someone made it in a hurry to extort the money, we’ve done detailed research. Read our Winvestock review and find all the relevant details.

Additionally, we strongly advise you to avoid the fraudulent brokers RoboFXTrade, TopTrade500, and Proforbex.

Can I Trade Safely On The Winvestock Platform?

Winvestock is a shady trading business. Corporate information is missing, with the Terms and Conditions stating the following: “The following describes the terms and conditions upon which to Example-4 offers access to its web site to you the customer.” 

If we forget linguistic mistakes, there’s still a big question for the company owner named Example-4. The HQ of this alleged owner is in Brussels, indicating that the owner should be regulated by the Belgian FSMA. Of course, it’s not the case.

Reasons Not to Trust an Unlicensed Broker

Unlicensed trading firms follow their own rules. Instead of ensuring fund safety by keeping your funds in segregated accounts of reputable banks and offering compensation funds, brokers like Winvestock care only about their own funds and profits. With such, you can never be safe.

So, is Winvestock a Good Broker or a Scam?

Winvestock is not a legitimate financial services provider. The company claims to be based in Belgium but has no FSMA approval. In addition, the entire website is anonymous.

What Do Traders Think Of Winvestock?

Winvestock is not the broker of the year, according to reviews. Customers are reporting severe withdrawal issues and unprofessional behavior. According to some, broker account managers go as far as to steal clients’ money through access to their devices via AnyDesk and TeamViewer. Once it happens, everyone disappears, leaving investors to seek help for a refund.

Winvestock Offers MetaTrader 4? – Available Trading Sofware

While Winvestock claims to offer the most popular trading software nowadays, MT4, the reality is a bit different. Upon registering an account, we were provided with a plain WebTrader. This internet-based platform has no advanced features such as EAs or social trading. Instead, clients can only open and close trades, view their trading history, and deposit more money.

This is yet another proof that Winvestock is nothing but a bogus fraudster.

Winvestock Accounts Overview

Customers can access the following five account types:

• Basic – $250
• Silver – $10,000
• Gold – $50,000
• Platinum – $100,000
• Diamond – $500,000

Accounts differ in different types of analysis provided by the firm, seniority of account managers, and discount on bonuses.

Can I Try to Trade With a Demo Account?

Winvestock Demo account is not enabled. Instead, clients have to deposit their own funds first and only then test the system. Since Winvestock has a negative reputation, we advise against it.

Educational Features – Free Education for Customers

Another tool to lure inexperienced traders into investing is alleged free education. Winvestock offers:

• Blogs
• Guides
• Technical analysis indicators and strategies
• Economic indicators
• E-book
• FAQ

While most of these tools are useless since the broker wrote them and ensured you read what they want you to read, some features, such as economic indicators, can be helpful.

Bonuses and Promo codes – A Fraudulent Methods

The company offers special bonuses and benefits. Yet, these are not free. If you accept these givings, for every traded dollar, euro, or a pound of bonus, you have to repay 0.1 lots. Just for the record, one standard lot equals 100,000 units, meaning that 0.1 lot equals 10,000 for 1 unit received.

We believe that it’s clear how bonuses and incentives are used for fraudulent purposes.

Winvestock Range of Trading Markets

Winvestock customers can trade in the following markets:

• Forex – EUR/USD, AUD/CHF, USD/ILS
• Indices – AUS200, US30, DAX30
• Shares – Asus, Nvidia, Microsoft
• Commodities – gold, silver, oil
• Cryptocurrencies

Also, avoid the trading frauds Focus Markets, GF Markets, and CFD Capital at all costs! Moreover, before investing, always look into the past of internet trading firms!

What Trading Terms Winvestock Offers?

While there are plenty of details about account types, trading terms are not mentioned. The broker didn’t specify the leverage, spread, swap amount, or any relevant information. If you want to know your trading costs, commissions, or risks, you won’t be able to do so before investing funds and gaining access to the broker’s platform. As we were unwilling to do it, we advise you to give up as well.

Winvestock Funding and Withdrawal Methods

The minimum deposit is $250, while the minimum withdrawal amount is $100. The broker brags about covering all the bank fees for deposits. However, withdrawals have hefty fees of 3.5%, with the maximum service fee being $3,500.

Methods of Payment

Winvestock allows using the following payment methods:

• Debit/credit cards
• Wire transfer

Both of these options can be reversed in case of an issue, which is good. However, you must undergo the examination process and submit sufficient evidence to your bank.

Scammed by Winvestock Broker? – Let Us Hear Your Story

If you have been a victim of Winvestock trading scam, let us know. Our chargeback specialists may assist you with the fund recovery. Book a free consultation, and let’s get your money back before it’s too late.

But What Is A Chargeback?

A chargeback is a way for your bank to reverse the transaction. In case you have been scammed, we can file a dispute. Since the process is time-limited, we urge you to contact us immediately.

What Is Winvestock?

Winvestock is an online Forex and CFD trading provider without a license.

Is Winvestock a Scam Broker?

Winvestock is a scam trading brokerage without regulation.

Is Winvestock Available in the United States or the UK?

The company provides services in the UK but not in the US.

Does Winvestock Offer a Demo Account?

No, Winvestock doesn’t offer a Demo, only Live accounts.

In the unlikely event that you’re still unaware of CTmatador’s reputation, we’ll help you out. Several regulators slammed this broker for offering trading services unsupervised.

If that’s not enough, they do so for two years despite all the struggle. Read our detailed CTmatador review for more information.

Is CTmatador an Unregulated Forex Trading Scam?

Yes, CTmatador is unregulated, and it’s surely a scam. The company registered its business in Saint Vincent and the Grenadines, trading under Wing Holdings Ltd. However, the issue is that SVG doesn’t supervise the Forex market. In fact, according to the latest directive, from March 2023, FSA doesn’t allow companies without regulation from a third country to even set up their business.

Since CTmatador was registered back in 2021, they’re still running from offshore. And they’re still unlicensed. As a retail trader, you cannot file a complaint with the authorities or get money back from regulators such as FCA, BaFin, or CONSOB if something goes wrong.

Finally, CTmatador provided us with addresses from the UK, Switzerland, and the Netherlands. At the same time, they also offer a Swedish support phone number. It’s clear they’re targeting EU customers without complying with any regulations.

Warning Issued by Financial Authorities

In June 2022, the Belgian authority, FSMA, issued an official warning against CTmatador. According to it, this is a fraudulent online trading platform soliciting investors without authorization. This warning was later republished in Spain, Italy, Estonia, Bulgaria, and the Netherlands.

In November of the same year, the Swiss FINMA issued its own alert. Since the company advertises as Swiss-based, this doesn’t surprise us. FINMA wanted to warn investors that such a domicile has never entered their commercial register.

Where Does the Broker Operate?

CTmatador has been active for several years now; that’s quite clear. And we already know that they want European investors onboard. Here’s the list of countries they target the most:

• Sweden,
• Switzerland,
• Norway,
• Netherlands,
• Finland.

Each and every one of these is an EEA zone member state, meaning the company must work according to ESMA laws. And yet, CTmatador, just like Climax Prime, doesn’t.

CTmatador Trading Software

Well, let us disappoint you once again. CTmatador doesn’t say much about its trading software, except that it’s allegedly MetaTrader. Since they don’t allow access to it before paying a minimum deposit, we won’t comment much.

We will, however, tell you that they most likely offer a plain WebTrader that can never be compared to third-party software such as MetaTrader or cTrader. Scammers often falsely advertise MT to attract consumers due to its popularity.

Both MT4 and MT5 have millions of users and offer a higher level of fund protection. Imagine that your broker disappears, and the website is shut down. Their browser-based platform disappears as well, right? With a third-party terminal, you can always access your account and have proof of your current balance.

Additionally, both MT and cTrader support advanced features such as algo trading and social trading while providing you with dedicated mobile apps.

What Can I Trade with CTmatador?

Okay, now that we’ve elaborated on their useless platform, you can choose not to trade. Yet, if you still wish to, you can access the following five asset classes:

• Forex – EUR/USD, EUR/HKD, GBP/AUD
• Commodities – gold, silver, natural gas
• Indices – FTSE100, DAX30, CAC40
• Shares – Intel, Netflix, Asus
• Cryptocurrencies – BCH, USDT, USDC

Leverage, Spreads, and Fees

The brokerage didn’t list any account types or give us any information about trading costs. In addition, we don’t know what the maximum leverage is.

Note that most Tier 1 regulators impose a limit of 1:30 or 1:50 due to market volatility. Yet, offshore firms often offer ten or even 100 times higher than that, waiting for you to lose your money.

Can a Trader Use a Demo Account?

The company advertises a risk-free Demo account. However, once we wanted to register for it, we were prompted to make a deposit immediately.

Therefore, this is just another trick to get ahold of your personal details. Once you provide the scammer with your phone and email, you can expect constant calls and offers until you finally cave in and deposit, just to make them quiet.

The minimum deposit with CTmatador is relatively high, standing at $2,500. Most legit trading firms have micro accounts starting at as low as $10.

How Can I Withdraw My Profit?

CTmatador doesn’t mention payouts or withdrawals. They say you must fill out the deposit form before paying the money, but there’s not a single mention of how to get your profit from the account.

Presumably, by now, you know that getting a payout is nearly impossible. You can ask and request, but one scammer that’s not afraid of even regulatory warnings won’t oblige.

We know nothing about available payment methods, but we can assume you’ll be approached to transfer crypto. Due to their nature, digital coins are harder to trace and reverse than traditional payment options like credit cards or bank transfers.

I Was Scammed by CTmatador; What Should I Do?

If you were one of the unlucky victims of the CTmatador scam, you have to request your money back immediately. Suppose you’ve used your credit card; you can request a chargeback within up to 540 days.

In case you use a crypto wallet, there’s a way to track and trace your coins and collect legal evidence. Therefore, don’t hesitate to contact our staff and get more details about all the recovery procedures. We’re waiting to hear your story! Book a free consultation now!

What Is CTmatador?

CTmatador is an unregulated online trading scam you cannot trust.

Is CTmatador Available in the United States or the UK?

CTmatador operates in the UK, while the firm doesn’t provide its services to US residents.

Does CTmatador Give a Deposit Bonus When Opening an Account?

CTmatador gives its customers a deposit bonus without specifying the bonus terms.