When choosing a broker, the main question is this – could this broker scam you? To verify the broker and its safety, you need to check Alvexo regulation, headquarters, platform. In our in-depth review, we did all that for you. Let’s start.

• Regulation and Security
• In which countries does this broker work?
• How Online Trading Scams Work?
• Scammed by Alvexo?
• But what is a chargeback?

Regulation and Security

Alvexo is a brand owned by HSN Capital Group Ltd, based in Seychelles. The company has FSA regulations. However, we found the brand also registered in the CySEC register, under the name VPR Safe Financial Group Ltd. The company is regulated by CySEC and owns six domains for the Alvexo brand in Europe. It seems that the broker is divided between two entities in order to be able to operate in Europe and worldwide.

When it comes to the security of the funds, we see some shady explanation about digital security, but nowhere is listed where the funds are held and how they are protected.

In which countries does this broker work?

Since the broker has CySEC regulation, it is legally operating within the EEA zone. As a CIF, it can also offer financial services to third countries if it complies with its trading regime. In this case, Alvexo broker can provide services in China, Egypt, Jordan, Lebanon, Malaysia, Nigeria, Qatar, Russian Federation, Switzerland, and United Arab Emirates. Besides these countries, based on FSA regulation, the broker can offer financial services internationally.

However, since an offshore regulation can never be as strong as, for example, CySEC, we strongly advise you to verify to which entity you belong before you start trading with this broker.

How Online Trading Scams Work?

The online trading scam is a scam conducted while trading on the financial market. It can be trading on the Forex market or with CFDs. The outcome is always the same. A scam broker is stealing your money. 

When you start trading, everything sounds fantastic. But then, the problems are beginning.

The issue with many scam brokers is high leverage. This allows clients to buy or sell more assets, and therefore, they can lose the funds faster. This is why many regulatory bodies in Europe are limiting the leverage at 1:10 or 1:30. In the case of the Alvexo broker, the leverage is 1:300. This is why you should be very careful when opening an account.

Also, another bad sign is a web trader. The web trader is much easier to manipulate than the standard MetaTrader. This is why it’s the favorite tool of scam brokers. 

Another thing, many brokers are offering the minimum deposit of $250, $100, or even $10. Alvexo broker requires a minimum of 500 EUR. This is a rather high deposit, especially if you are not an experienced trader. Also, there is no Demo account where you can practice your skills.

Be aware of scam brokers.

Scammed by Alvexo?

What to do if scammed by Alvexo? First thing, understand that you are not the only one. You are not the only victim of this broker. And there is a solution. It’s called a chargeback.

But what is a chargeback?

It’s a way of refunding your card in case of scams. If you were a scam victim, you need to file a dispute and request money back. Contact us immediately for help!

Is Alvexo a good broker?

Alvexo is a broker that is operating from an offshore country. Therefore, it is not safe.

Is Alvexo a Scam?

Alvexo is a broker located in Seychelles. It’s an offshore country with loose regulation.

Is Alvexo regulated?

Yes. CySEC and FSA Seychelles regulate the broker.

Where is Alvexo broker based?

The headquarters of the Alvexo broker is on Seychelles, an offshore country.

Looking for a decent broker in Europe is just getting harder and harder every day. There are too many companies that are prepared to fake everything on their website. Consequently, inexperienced traders would fall for fictive details provided.

But if you know where to look for clues, you will stay safe. Hopefully, you are not too greedy as well. Nevertheless, the Profit Markets CFD scam was exposed, and that resulted in the company shutdown.

What About Profit Markets CFD Regulation?

While Profit Markets CFD claims to be owned by FAIR CAPITAL PARTNERS ASSET MANAGEMENT B.V., the truth cannot be any further. This company does exist, and it is regulated by the Netherlands AMF. However, it has nothing to do with Profit Markets CFD brokerage. It operates under the domain faircapitalpartners.nl and runs its own business away from online forex scams.

Also, this particular company has its headquarters in Italy, while Profit Markets CFD gave us an address in Austria. 

Now that we’ve determined that the owner and regulator are false, we can safely claim that your funds are not secure with such an illicit trading firm.

Also remember the names of the SelfKings, GrandTrade and MaxiPlus Trade trading scams and avoid them at all costs! Moreover, always check the background of online trading companies before investing!

Regulatory Warnings Against ProfitMarketsCFD

In general, scam brokers don’t hesitate even to fake their licenses. Some traders might fall for tricks and that’s enough for them. Luckily, those things are easily discoverable. Of course, if you know where to look.

But when you search for the broker and you see numerous warnings, you know there’s something wrong with them. The domino effect started when CONSOB issued the first warning against ProfitMarketsCFD. The same move was made by FSMA, AFM, CNMV, and IOSCO. After these, it was not surprising the company vanished. Nobody with common sense would invest with them when they see a warning.

Fund Withdrawal Issues

Instead of keeping an image of a legit company until the end, the Profit Markets CFD broker did precisely what all the other similar companies do – failed to process withdrawal requests and actually give investors their money. Since the company is not really regulated, anyone involved in this notorious scheme has nowhere to complain as authority bodies won’t take responsibility for an illegal firm.

Therefore, the best you can do is file a dispute and request a chargeback. Bear in mind that this process can start within up to 540 days after a fraudulent transaction has occurred, so make sure not to let it pass.

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

Traders About Profit Markets CFD Scam

Based on different Profit Markets CFD reviews we’ve come across, traders complain about the withdrawal problems, as mentioned above. Moreover, they have had a negative experience with the company’s Web trader, and depending on the country, they’ve been asked for a different minimum deposit – some of them were asked for $250 while others paid the same amount in EUR.

And, of course, none of them could understand how the company is actually unregulated when they clearly listed AMF and CONSOB licenses on their website.

How Profit Markets CFD and Similar Scammers Lure Victims?

Understanding all the key scamming principles can save you a ton of money. In the case of ProfitMarketsCFD broker, the plan was quite simple. Lure traders with quick-money ads to register and rip them off. They do not hesitate to use celebrities in their promotions, mostly related to crypto trading, algo-trading software, or trading signals.

Once traders join, they constantly get harassed to deposit more and more money. But also, some scam brokers use remote controlling apps like AnyDesk to wipe clients’ bank balances off. Unfortunately, with this firm, most of those victims come from Greece and Italy. If you are one of those, don’t hesitate to contact our refund specialists for consultation.

How Does Online Trading Scam Work

Online trading scams have become more and more frequent during the past couple of years. Using the fact of the market’s high volatility ever since cryptocurrencies showed up and the situation with Covid-19 when investing was the only source of income for some, fraudsters came up with new scamming techniques. It went even further. They started using false licenses and adding up false owners, as the case with Profit Markets CFD. 

If something similar happens, note that you must file a complaint and get your funds back. There’s no reason to let scammers run away with your hard-earned money! Act now, before it’s too late!

Scammed by Profit Markets CFD? – Tell Us Your Story

Suppose you were involved with Profit Markets CFD, and you fell for the scam. You should file a complaint, request a chargeback instantly, and get back what’s rightfully yours.

But What Is A Chargeback?

This is a way for your bank to reverse the transaction. Let us know what happens via online chat, book your free consultation, and let’s find the best money-back solution!

What Is Profit Markets CFD?

It is an online trading brokerage without a license. So don’t fall for this scam broker!

Is Profit Markets CFD A Scam Broker?

Yes, company is unregulated despite the false claims on the website. Do not invest your money!

Is Profit Markets CFD Regulated?

Of course not, the company listed a fake owner and has no regulations for providing financial services.

In the past year or so, the COVID-19 pandemic profoundly influenced the international Forex trading market. Currencies were frequently purchased and exchanged based on investors’ appetite to expand or reduce their vulnerability to more serious assets rather than on unique fundamentals. However, during 2021, traders’ attention will gradually shift towards unique fundamentals. Nevertheless, this pandemic will keep playing a major part.

Euro Currency (Forex Trading Market)

Honestly, the European currency displayed material energy at the end of 2020. In more recent years, the EUR/USD was under stress due to the European Central Bank’s dovish policy and limited increase rates in the Euro Area. However, the pandemic provided significant support for the Euro as investors shifted their awareness to the obstacles of the U.S. dollar. In 2021, EUR/USD’s main question is whether it will settle above 2018 highs at 1.2500 or continue to sink.

ECB saddened by the recent progress in the Euro’s value. Which can put more pressure on economic growth. Unfortunately, there’s not much that the ECB can do to stop the Euro from climbing higher.

The profit rate is now at the lowest point as the asset purchase program is working; ECB prefers to repeat that it has more alternatives to boost the cost-effectiveness. However, there are limits to any central bank’s power.

It is a common fact, so financiers will possibly try testing brand-new highs very soon this year. Eventually, Suppose this initial test reveals that the demand for the Euro remains eminent. In that case, EUR/USD will have a great possibility of forming a powerful upside bias against the U.S. dollar by the year 2022.

Final Thoughts

2020 was indeed interesting for international Forex trading market traders. As I am confident, 2021 will presumably bring additional levity. The market’s attention will be focused on the fate of the U.S. dollar. This currency will find itself under more stress if the Fed continues to print money.

At the same time, the world economy recovers from the blow dealt by the COVID-19 pandemic. Commodity-related currencies such as the Australian dollar and the Canadian dollar; May enjoy more support if demand for products continues to evolve unitedly with the market. It will be interesting to examine whether the British pound will continue its upside progress after Britain successfully negotiated a trade deal with the EU. As for the Euro, it may be another year of intensity against the U.S. dollar, notwithstanding the European economy’s current obstacles.

Your Details
Let us know how to get back to you.

How can we help?
Feel free to ask a question or simply leave a comment.

Comments / Questions*