You finally decided to invest your hard-earned money in trading. After searching for a broker, you’ve come vis-à-vis the eye of the tiger. This unscrupulous broker’s manner could bring many traders’ careers to the survival stage. If you don’t want to suffer that fate, then the TigersFM Review is a must-read.

Additionally, we strongly advise you to avoid the fraudulent brokers Caplita, Pioneer Markets, and XBTFX.

Is TigersFM a Scam or a Legitimate Crypto Broker?

Nothing about TigersFM is legitimate. Right off the bat, we noticed that the broker is anonymous, and consequently, unlicensed. All that the fraudster mentioned was some fictional Sabrin Alliance Inc. This imaginary name was probably derived from the work of B. F. Sabrin titled Alliance for Murder.

Nevertheless, we found something else in the T&C section. Namely, the illicit provider claims that its operation falls under the jurisdiction of UK law. 

Therefore, we decided to check what the UK’s Financial Conduct Authority has to say about TigersFM. Unsurprisingly, there’s nothing. It seems that the financial swindler is unlicensed.

TigersFM is an unauthorized and scamming broker that allegedly offers Forex, crypto and CFDs trading and favorable conditions. The financial swindler’s main targets are traders from Canada, Australia, Germany, Croatia and Poland.

Arguments for Trading With a Licensed Broker

Brokers that operate in the UK simply have to be registered with the FCA. Prior to that, they have to ensure a minimum operating capital of GBP 730,000. After obtaining a license, rigid rules come into effect. 

We’re referring to enabling clients to have negative balance protection and covering them with GBP 85,000 in case of bankruptcy. Also, their funds have to be stored in a segregated account in one of the UK’s Tier 1 banks. These are the perfect conditions that you’ll never have with TigersFM.

What Trading Platform Does TigersFM Provide?

TigersFM offers a simple browser-based platform known as WebTrader. This software features built-in news, an asset overview, and several elementary charts and indicators. 

In addition, a platform like this one can easily be manipulated by the fraudulent broker to display trading volume that isn’t taking place. Instead, your funds are transferred directly into the scammer’s pocket. Thus, promoting an unlicensed web platform is selling snake oil. 

Legitimate brokers offer standardized software such as MT4, MT5, and cTrader. These cutting-edge platforms offer social trading, and a wide range of TAs, automated trading, API integrations, etc.

What Can Be Traded? – List of Assets

According to TigersFM’s website, clients are offered the following:

• Forex pairs – EUR/USD, USD/JPY, EUR/AUD…
• Indices – NASDAQ 100, GERMANY 30, DOW 30…
• Stocks – Lloyds Bank, Visa, Tesla…
• Commodities – wheat, coffee, crude oil…
• Cryptocurrencies – BTC, ETH, LTC, XRP…

All in all, this seems like a comprehensive list of instruments. However, due to the fraudster’s unregulated status, we wouldn’t recommend you invest. After all, the safety of funds comes first.

Where Does TigersFM Engage In Fraud? – Countries Of Service

We did our research on which countries this malevolent scammer intends to get its claws into. The bad thing is that none of the local financial market authorities have reacted to the threat known as TigersFM. The good thing, however, is that we managed to get this info out. Now, we hope that this reaches traders in time.

• Canada;
• Australia;
• Germany;
• Poland;
• Croatia.

Also, avoid the trading frauds ETF Corp, Equalpros, and Cryptocycle at all costs! Moreover, before investing, always look into the past of internet trading firms!

Trader’s Reviews of TigersFM

At the time of this writing, TigersFM had zero reviews on TrustPilot. We checked some other forums as well and found no reviews. But that could be good news. It could imply that nobody’s yet fallen victim to this vile scheme. We certainly hope that’s the case.

Bonuses And Dangerous Conditions

If you need any more red flags regarding TigersFM, here’s a big one. We’re talking about bonuses. Yes, these annoying ‘incentives’ were designed to draw you into deep waters and prevent you from getting your money. 

There’s a reason they’re banned by top regulators. Read the following clause out loud and then ask yourself if making a withdrawal is possible under these terms. Seriously, the mentioned trading volume was set absurdly high on purpose.

What Are the Different TigersFM Account Types?

TigersFM offers five different account types. The financial market predator cunningly devised each of these to suit its needs, rather than the clients’. Thus, we have extremely high minimum deposits and leverage as well as persistent bonuses. Take a look.

• Classic – $250;
• Silver – $5,0001;
• Gold – $25,001;
• VIP – $100,001;
• Prime – $250,001;

Information About Demo Account

Things just keep getting worse with TigersFM. There’s no demo account. Yup, if you want to trade with this phony broker, you have to pay straight up without a taste of what it offers. Any legitimate broker will provide at least a sample.          

About Leverage, Spreads and Fees

As for the trading conditions, i. e. leverage, spreads and commissions, TigersFM really hit below the belt. Commissions weren’t disclosed and we believe that they’re extremely large. When it comes to spreads, we got 2 pips for the benchmark EUR/USD pair, which isn’t great either. It’s much wider than the industry’s standard of 1 pip and not competitive at all.

Last but not least, we got leverage. The levels range from 1:200 to 1:500. Keep in mind that regulators have limited leverage to 1:30 for retail clients, simply due to the fact that high leverage could equal great losses, especially in volatile markets like the crypto one. Guess what, TigersFM is primarily engaged in crypto trading.

High Minimum Deposit and Withdrawal Terms

The minimum deposit is $250, too high for an unregulated provider. Kiss goodbye to your funds if you decide to invest because TigersFM will pull out the vexing bonus clause mentioned earlier. Because the fraudster is anonymous, there’s little you can do to serve justice. Fees exist but weren’t disclosed. Shady to say the least.

For much less money, you can find a suitable and reliable broker that stores your funds in a safe place, not its own pocket.

Payment Methods Available

Acceptable payment methods with TigersFM include credit cards and wire transfers. Nothing wrong with keeping it old-school but that offer is pretty scarce. E-wallets and crypto payments weren’t included. Nevertheless, at least there are ways of getting a refund for credit cards and wires.

Scammed by TigersFM Broker? – Allow Us to Hear Your Story

TigersFM has been put back into its cage. This menace will no longer bother anybody, hopefully. However, if the cyber fraudster managed to take your funds, consider the two ways of getting your money back. Read below about a chargeback and a recall. 

How Does Chargeback Work?

• A chargeback can be requested at the issuing bank within 540 days.
• It could potentially reverse credit card transactions but only if you haven’t provided the scammer with copies of your personal documents.
• For wire transfers, you ought to request a recall at the bank.
• If the transaction has been completed, the recall is bound to fail.

Get in touch with us today!

What Is TigersFM?

TigersFM is an anonymous and fraudulent provider that allegedly offers Forex, crypto and CFDs trading.

Is TigersFM a Scam Broker?

TigersFM is a scam broker due to its lack of transparency and shady background. Also, it’s unregulated.

Is TigersFM Available in the United States or the UK?

TigersFM is available in the United Kingdom but not in the United States.

Does TigersFM Offer a Demo Account?

TigersFM does offer a platform overview on its website but not a free demo account.

Central Plus Finance claims to be a Forex broker with offices in the UK, Ireland, and the United Arab Emirates. However, the platform lacks essential trading licenses from reputable regulatory authorities in these jurisdictions, raising significant concerns about its legitimacy.

So is this company just another scammer like Roldex Pro? Is it possible to recover funds from this platform? All the answers you need can be found in our Central Plus Finance Review. 

Legal Info: Is CentralPlus Finance Regulated?

The broker’s website did not provide valid legal documentation; all the information seems fake. After doing some more digging on Central Plus Finance, we found out that the UK’s Financial Conduct Authority (FCA) issued a warning against Central Plus Finance on September 13, 2023. 

“This firm is not authorised by us and is targeting people in the UK,” the FCA states, implying that Central Plus Finance is a fraudster.

The phony broker is not licensed to provide crypto trading services. And since this company is not registered with the UK’s Financial Services Compensation Scheme (FSCS), the firm is not liable to compensate clients in case of insolvency.

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

Let us know if Central Plus Finance scammed you. We can help you recover your money!

Who Are Central Plus Finance’s Victims?

According to godaddy.com/whois, the centralplusfinance.com website domain was created on May 18, 2023. Since then, the financial swindler has been primarily targeting traders who reside in the following countries:

• UK;
• US;
• Netherlands;
• Cyprus;
• Israel.

The scam broker is purposefully targeting traders from reputable financial hubs around the world. Do not forget, the FCA blacklisted the platform because the firm is not registered to provide Forex trading services.

Unregulated platforms such as Central Plus Finance and FoxicaTrading are extremely risky. Avoid investing in these foul schemes. 

Trader Reviews – Sharing Experiences

At the time of this writing, this firm had only 7 reviews on trustpilot.com with an average score of 2.5 (poor). Trustpilot is aware that “this company has received regulatory attention.”

The reviews scream scam. The traders on the forum explained how this company scheme works and why the platform is not legitimate. We also noticed that there are multiple dishonest and misleading reviews of this platform online, such as the one on biz.crast.net. 

Do not trade on unregulated platforms. We can help you find the perfect broker!  

Central Plus Finance Trading Platform

Company offers a web platform. In general, browser-based trading terminals are lackluster and oversimplified, not up to par with advanced software. Yet, the shady broker advertises it as if it were some kind of cutting-edge platform.

We know for a fact that this company does not support recognized third-party software such as MetaTrader 4, MetaTrader 5, or cTrader. What’s even worse is that this firm doesn’t offer a risk-free demo account, meaning you cannot log in and try out the platform for a trial period. 

Central Plus Finance Account Types

Central Plus Finance allegedly offers four live trading account types:

Leverage, Spreads and Commissions

Central Plus Finance’s maximum leverage ranges from 1:100 to 1:400, depending on the account type. Just keep in mind that high leverage is risky, especially if you’re a beginner in a volatile market. High leverage can amplify profits but also losses.

The platform supports popular trading assets and instruments such as Forex currency pairs, indices, commodities, stocks, and cryptocurrencies. However, this firm also did not reveal trading costs, i.e. spreads and commissions.

Central Plus Finance Withdrawal Process

Central Plus Finance listed several payment methods that can be used to deposit and withdraw funds:

• Credit/debit cards;
• Wire transfers;
• E-wallets (Skrill, Neteller, PayPal).

The minimum deposit requirement is a staggering 250 GBP, which is in line with what licensed brokers charge but still not worth risking with Central Plus Finance.

As for the fees, Central Plus Finance claims that there are no withdrawal fees. The broker is unlikely to fulfill your withdrawal request or respect the refund policy, which is why 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 Central Plus Finance

Central Plus Finance is an unlicensed Forex trading scam. The main targets of this company are traders from the US, UK, Netherlands, Cyprus, and Israel.

The platform was recently blacklisted by the UK’s regulator, the FCA. Several traders had issues with Central Plus Finance, which is the main reason why we do not recommend this platform.

If you lost money to the Central Plus Finance 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 Central Plus Finance?

Central Plus Finance is a fraudulent Forex and CFD broker with a browser-based platform.

Is Central Plus Finance A Regulated Broker?

No, Central Plus Finance is not regulated. The platform is actually blacklisted by the UK’s FCA.

What Are The Account Types In Central Plus Finance?

Standard, Student, Bronze, and Silver live account types. Do not invest in any of these. If you already did, we can help you get your money back.

When considering opening an account with a broker, the first question is could this broker scam you? We decided to go in-depth about CIBFX broker and find out everything you need to know. Read our CIBFX review.

Regulation and Security

CIBFX is a broker based in Saint Vincent and the Grenadines. The broker is operating without any regulation. However, on its website is stated that CIBfx Ltd has another office in London, UK. We were unable to confirm this information, or find this broker in the FCA register. When a broker wants to have an office in the UK, FCA approval is a must. Therefore, we suspect this broker’s statements.

When it comes to the security of the funds, the situation gets even more confusing, since the broker does not provide absolutely any information about funds or data safety.

Warnings From Financial Regulators

We found warnings about this broker from Spanish CNMV and Danish DFSA. Seems that Europe noticed the scam activities of this broker and decided to warn the EEA zone citizens about this unregulated company. Both of the warnings are issued in 2019.

In which countries does this broker work?

When it comes to CIBFX broker, since it is unregulated, it shouldn’t be providing financial services anywhere. However, based on the reviews we were able to find, the broker is mostly operating in India, Bangladesh, Spain, and South American countries.

When it comes to restricted areas, the broker does not operate in Israel, Iran, Saint Vincent and the Grenadines, the UK, and the US. 

All this sounds very strange after claims that the broker is registered in Saint Vincent and the Grenadines and has an office in the UK.

Scammed by CIBFX? Chargeback Is Your Solution!

If you got scammed by CIBFX, there is a way to get your money back. First of all, you are not the only victim of this broker’s scam. You can file a dispute and ask for a chargeback.

But what is a chargeback? Chargeback is a way to get a refund to your card in case you were a victim of an online scam. Contact us immediately for free consultations!

Is CIBFX a good broker?

CIBFX is an offshore broker with no regulation. Also, the broker is poorly rated by its clients. We can say that it is not a good broker.

Is CIBFX a scam?

CIBFX is a broker without regulation. Therefore, all its activities are falling under the scam category. Also, the broker has a very poor reputation among traders.

Is CIBFX regulated?

No, CIBFX is an offshore broker without regulation. It is operating illegally.

Where is CIBFX broker based?

CIBFX broker is based in Saint Vincent and the Grenadines. The broker claims to have an office in London, UK. However, we couldn’t find it in any UK or FCA register.

Going through a long list of unregulated domains, we noticed GreenlinePro broker. Seeing that many clients have been involved and experienced withdrawal issues with this firm, we made sure to find all the information you need. Read our GreenlinePro review and get it.

What About GreenlinePro Regulation?

GreenlinePro is a shady anonymous firm. In the Contact section, you can find a bland explanation that the broker is based in London, UK. However, we already know this is just an alleged address when we get no information about the owner, regulation number, etc. In fact, the firm is probably offshore, providing unsolicited trading services from afar.

Why Must A Broker Have a License?

If you’re looking for a safe broker that’ll take care of your funds and ensure that you are able to withdraw profits, then you need a regulated company. Preferably, it’ll be a Tier1 investment firm, licensed by the FCA, ASIC, BaFin, or similar. 

Since GreenlinePro is allegedly in the UK, it should have an FCA license. Since this headquarters is only alleged, so is their regulation.

To add to the foregoing, we seriously recommend you to avoid fraudulent brokers such as BNBtgroup, EENmarket, and GetPrimeCrypto.

Traders Reviews of GreenlinePro

GreenlinePro seems to keep clients away from writing reviews. We did find some and what we saw was not good. Here’s just one of the examples.

“It’s 100% scam!!!!

 You can’t withdraw money!!!!

 Don’t do it (I have done it unfortunately) but you never see your money again !!!”

– Trustpilot Customer

What Platforms Does GreenlinePro Offer? – Available Trade Software

GreenlinePro stated that it offers an “easy to use trading platform, suitable for both seasoned investors and newbies.” Upon checking, we concluded that the firm provides you with the basic WebTrader, far from satisfying investment software.

You can overview your assets, open and close trades, and invest in more funds, but that’s about it. If you’re looking for a sophisticated platform, we always advise MT4 or MT5.

All About GreenlinePro Accounts

GreenlinePro definitely offers various account types and various perks. You can choose among:

• Standard – 250 EUR
• Bronze – 2,500 EUR
• Silver – 10,000 EUR
• Gold – 50,000 EUR
• Platinum – 200,000 EUR
• Diamond account – 500,000 EUR

Accounts differ in minimum deposit, spread, leverage, bonuses, support sessions, etc. If the firm were legitimate, this would be quite a solid offer.

Countries Where GreenlinePro Operates

Our research has shown that the firm mainly targets EU citizens. The majority are located in:

• Germany
• Czech Republic
• Belgium
• Switzerland
• Spain

GreenlinePro Range of Trading Instruments & Markets

Clients of the GreenlinePro broker can invest in the following trading instruments:

• Currency pairs 
• Commodities
• Indices
• Shares
• Cryptocurrencies

Please remember the names of the scammers The Investment Center, Gordonzak, and 365Falcon and stay away from them! Also, before investing, always examine the history of internet trading organizations!

GreenlinePro Trading Conditions

The trading company has some suspicious trading conditions. For instance, the leverage goes up to 1:600, while the UK regulator has set a limit of 1:50 for the Forex market and 1:2 for crypto, which means that the broker cannot be a UK-based and regulated firm.

Also, the spread is over 1 pip for EUR/USD pair, making this firm even less desirable. On top, you’ll have to pay 1% for all executed trades, while all deposits are subject to fees. There’s an additional quarterly fee of $75 for all accounts. Why? Because they can.

GreenlinePro Bonus Policy

The firm provides up to 100% bonus but doesn’t have a Bonus Policy. Judging by other fees and commissions, GreenlinePro employees will come up with some hefty charges and rollovers for the bonus. Since the exact amount is unspecified, it’s left for them to determine how much you can afford to invest and to pressure you to do so, allegedly to repay the bonus. In fact, it’s just a lure to make you invest everything you have and disappear.

GreenlinePro Deposit, Withdrawal Methods, and Fees

GreenlinePro’s minimum deposit is 250 EUR, while the minimum withdrawal amount is $100. As mentioned, deposits are subject to fees, while withdrawals allegedly aren’t. Besides the deposit fee, clients have to pay a dormant fee of 30 units every month, assuming your account is inactive for more than 60 days.

What to Do if I Get Scammed by GreenlinePro? – Tell Your Story

If you get scammed by GreenlinePro or a similar firm, let us know. We will book a free consultation, evaluate your case, and help you file a dispute for a chargeback.

But What Is A Chargeback?

This is a way for your bank to reverse the fraudulent transaction and get your money back. If you have issues getting withdrawal, a chargeback is your only solution. Don’t waste more time; get in touch, and let’s start the process now!

What Is GreenlinePro?

GreenlinePro is an online Forex and CFD trading provider without regulation.

Is GreenlinePro a Scam Broker?

GreenlinePro is a scam firm that operates without a license.

Is GreenlinePro Available in the United States or the UK?

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

Does GreenlinePro Offer a Demo Account?

No, GreenlinePro doesn’t offer a Demo account, only Live ones.

It’s impossible to believe the story of this false exchange about providing the highest security measures and, at the same time, the richest choice of crypto coins to trade. With a phishing warning and two regulators issuing public alerts, this firm represents a threat to every crypto investor out there. 

That’s why you should first read this Bitetoro review in order to keep your funds safe and your investments lucrative.  

Unaffiliated with Vie Finance

The bitetoro.com website is claiming to be a brand of a highly respectable and regulated firm – Vie Finance, which is licensed and supervised by HCMC. However, the claims are not true in the least and the scam scheme is in no way related to this company. 

It was recently published by the said regulator that Vie Finance has no connections to a bunch of websites that claim to be run by this reputable firm. The full list can be found on the regulator’s website, and one of the entities on that list is our little scammer in question.

In addition the brand we’re reviewing isn’t licensed by any other authority, let alone a Tier 1 body. That efficiently rebukes all their claims about utmost security and safety conditions applied. In the end, they’re nothing different than textbook schemes like Roisea, that promise anything just to get you to invest. 

Abusing A Well Known Name

Our inquiry with WhoIs revealed that the fraudulent site was launched in November 2023 with main targets being these countries:

• Australia
• Belgium
• Chile
• Saudi Arabia

In order for the site to get any traction the swindlers decided to make the name of their exchange sound as close as possible to a reputable company. In this case that would be eToro, one of premier Forex providers.

The company’s boiler room agents use these similarities when they solicit the services to their potential victims by phone. They claim to have created a new disruptive strategy that can yield easy profits to anyone… But this is all a sham, and recovering the invested assets becomes so problematic, it requires professional assistance.

Hidden Fees and Other Traps

Just another red flag detected on the website lies in the fact that no fees and trading costs are given explicitly. For any trading information you wish to obtain, you have to refer to the legal documentation. 

Terms and Conditions state that by signing up you first accept to pay the company all and any trading and other fees occurring while using the service. There’s a wide range of fees, and the customer is solely obligated to cover them all. 

Not all these charges are clearly defined, but what we do know is that there’s a mandatory fee of 1% (all deposits), 1.5% (all the transfers), 2.5% (all insurances if required). And when the company decides to freeze an account, without any particular reason and without prior notice, they immediately deduct 18-20% of the current balance.

Unusable Tools

Just like any other exchange, this firm also tries to leave an impression of a wide range of services available. There’s an exchange, options trading and staking possibilities, but of course, these are all bogus services. Nothing is worth investing your money in when it’s all just a farce.

Joke of a Platform

Attempting to place orders and hoping to generate profit on this terminal is worse than simply throwing your hard-earned cash into a fire pit. The stats given and the moving of the graph have no connection to the real state of the market and the current price trends. 

Naturally, you can’t even test the defunct software without coughing up cash. There’s a reason the functionality is locked behind a paywall. The fraudsters know what they offer is rubbish but they do not wish you to find out before you invest real cash.

Banned Form Of Trading

The assets that the company provides for trading are the notorious crypto binary options. If you’re unfamiliar with these instruments, the type of “trading” they are involved with is basically gambling. Indeed, if you take a look at the app, you will see that trading is called a “Bet Game” instead.

With binary options, traders choose an asset and bet on whether it would appreciate or depreciate in a predetermined time frame. These trading instruments are banned in most regions, including Europe and North America.

• Cryptocurrency Binary Options – BTC, ETH, BCH

Expensive Premium Status

Account creation process is fairly fast and no personal details are immediately asked of you to share. However, that profile you activate at first can’t get you anything, and you’ll be urged to confirm your data, verify the account and invest money. 

The website shares no particular details about what your account features, except that the Premium membership costs 0.31 BTC, which is quite pricey, with no explanation on what benefits it offers. In addition there’s staking options for various currencies with APY between 1.35% and 9.79% in terms between 60 and 180 days.

Unknown Payment Processors

Withdrawal of funds is said to be carried out from the cryptocurrency wallets of the exchange to other cryptocurrency wallets that are not in the ownership of the said exchange. These wallets belong to other payment systems that remain unmentioned. In addition, none of the incurring fees are clarified, either. 

This much secrecy revolving around monetary transactions only solidifies our doubts about this service being an anonymous sham. 

Support Chat Doesn’t Work

The only option for contacting the customer service is given after signing up. From the user area you can use the live chat function to try and get in touch. However, after repeatedly attempting to send through a message, no one ever replied.

What Can You Do To Recover Cryptos?

The explosion of cryptocurrency markets also saw a steep rise in various forms of fraudulent entities. This one is no different, as they use the same methods to defraud people as Glenrocks does. For all their bragging, the firm has failed to provide any trading amenities you’d expect from a reputable firm.

Recovering crypto assets from con artists is a problematic affair. Your best option is to seek professional help, and start legal action. You may book a free consultation with our experts at any time thanks to the live chat on our site.

FAQ Section

What is Bitetoro?

This is another textbook crypto fraud with a poorly designed site and a defunct bogus platform.

Is Bitetoro a Legit Crypto Provider?

No. While they claim to be a brand of Vie Finance, HCMC has published a document clarifying that no such connection exists.

How to Track and Trace Lost Crypto?

With the existence of advanced software solutions for that, our recovery team can help you regain lost crypto.

Seeing that the website of your preferred investment company shuts down without prior notice is not on the list of pleasant things.

As you will see in our Coin-Exchange review, there are multiple reasons for this occurrence. The company has been problematic from the start, and once the authorities caught wind of wrongdoing it wasn’t long before the fraudsters pulled the plug.

In the age of cryptocurrencies and digital investments, finding a reliable and secure platform is more important than ever. Keep reading our article to learn about telltale signs of fraud, and how to remain protected.

Registered But Unlicensed

It’s difficult to ascertain the exact legal background of the alleged firm that used to run the coin-exchange.uk website.

On one hand, we have Coin Exchange Limited, a UK Companies House registered entity going as far back as 2009. On the other we have an outstanding FCA warning about this exact firm, as seen providing or promoting financial services or products without permission.

For the time being the company is marked as dormant, meaning they currently do not engage in any business. Whether it is this exact entity that is acting as accused is somewhat murky. The website might as well be a so-called clone company scam, using Coin Exchange Limited to fake legitimacy.

In another development, IOSCO has repeated the same warning issued by the UK authorities on their site. Multiple blacklist entries are not to be ignored, and potential clients are warned not to conduct business with this unlicensed firm. The dangers range from complete financial loss, to data leaks and security breaches.

History Of The Fraud

We have already pointed out that the alleged parent company was founded in 2009. The coin-exchange.uk domain is much younger, dating back to November of 2022.

If we take a more detailed look at the WhoIs database, we can see that the website has been suspended prior to domain expiration date. These nations were particularly affected by the con:

• United Kingdom
• India
• United States
• United Arab Emirates
• Pakistan

The firm is virtually unknown in the cryptocurrency circles. In order to get more clients, this company relied on viral advertising via X and Instagram. The presence of a now closed Telegram channel also points to the activity from so-called boiler room agents, similar to how BizzTrade runs things.

Fees And Commissions

As the domain is suspended, we had to rely on 3rd party sources when it comes to the fee structure. The information that is left in the web archives, unfortunately, does not contain anything about costs, or investment plans. This, in turn, significantly hampered our ability to gauge the risks or trading costs.

As a general warning for potential investors, if the deal seems too good to be true it most certainly is. Do a thorough research into the current industry averages before committing any funds to avoid financial mishaps.

Referral Pyramid

One thing that is left clear as day is the referral program. Besides the alleged commission returns for adding new recruits, the firm also allowed their recruiters to climb the ranks, so to speak.

These ranks are called VIP levels, and are dependent on both the number of recruits and accumulated deposit. The firm claimed to pay out $500 monthly to the highest VIP level. This is all a bait to get more people to invest in the financial pyramid, and nothing else.

Features Lost To Time

With the website rendered inoperative, we have access to a limited pool of resources. Even when the fraud was active, there weren’t a lot of advertisements about the alleged service, though.

We have done our utmost to bring you the remaining data, and compare what we found out with the current averages.

No Trading Platform Info

Only the advertisements about the Coin-Exchange platform are left. We couldn’t test the software first hand, and see for ourselves about this “Safe and Secure” app running on “lightning fast” servers of theirs.

As there are no separate download links, we can wager the platform in question is not one of the industry standard programs like cTrader, MT4 or MT5. More likely, it used to be a ramshackle web trader, similar in function to the one from Coin2FX.

Crypto Assets Only

The company’s selection of investment assets only included cryptocurrency related instruments. It’s true that the addition of cryptos has become a trend with regulated investment firms as well. However, it’s also exceedingly rare for a company to only offer these assets as a basis for their business.

This is what we could pull out from the bits and pieces left after the sites’ closure:

• Cryptocurrencies (BTC, ETH, EOS, QNT, MANA, OMG, SLV, DOGE, LUNA, USDT)

It’s important to point out that even though much of the website is completely defunct, there is still a ticker crawl going about. It shows that all of the assets are constantly on the rize, something which is quite unrealistic.

Unknown Investment Plans

Although there were a number of investment packages, this portion of the data was unfortunately not preserved. No account type, or investment plan information is available anymore.

Something that you should keep an eye on is the ROI when selecting an investment firm. Fraudulent companies usually give high numbers for unrealistically short timespans. Claims of passive income and high profits are the most common scam bait!

No Payout Policy

With all their claims of high profits, the swindlers forgot to mention any Coin-Exchange withdrawal policy. The fact that the platform only featured anonymous cryptocurrency transfers made it easier for the con artists to hide.

Getting your funds out of firms like this is extremely difficult without the aid of a specialist. Contact us today via the live chat, and book a free consultation with our legal experts to start a chargeback procedure.

Customer Service

Many of these fake investment firms present a number of customer support channels in order to fake credibility. While the coin-exchange.uk site implemented a live chat function, it is no longer functional. Besides this, the only other support channel was email.

Need Help With Recovery? Get In Touch Today!

There’s little doubt that Coin-Exchange was not the honest and legitimate company they claimed to be. Their alleged parent company has been dormant for some time, and the so-called investment firm that operates the website was never licensed in the first place.

With the main site currently shut down, the fraudsters have effectively cut communication with their clients. There are still ways to recover the invested money, though. Use the live chat on our website to book a free consultation with our chargeback professionals!

FAQ Section

What Is Coin-Exchange?

It is a fake investment firm that defrauded thousands of people all over the world. For help with reimbursement, contact our chargeback experts via the live chat.

Is Coin-Exchange.uk Regulated?

No, this firm is completely unregulated. It is blacklisted by multiple regulatory bodies.

Which E-currencies Does Coin-Exchange Accept?

It is unclear which cryptocurrencies were used to fund this illicit investment firm.

Buxberg is a brand of Buxberg Ltd, allegedly based in Hong Kong. Since we hadn’t found a regulation number, we immediately suspected this story and started investigating the case. No, Buxberg is not regulated, and no, it’s not a Hong Kong-based brokerage.

Read this Buxberg review and you will understand it all.

Buxberg Signs Of Fraud

Buxberg is owned by Buxberg Ltd with registration number 26707BC2022. This number belongs to the FSA register of Saint Vincent and the Grenadines, where the firm registered its business in April this year.

Despite false claims to be based at 1 Harbour View Street, Central, Hong Kong, there’s not a single proof of this statement. The broker doesn’t have an HKMA regulation, nor is the business registered in this country. All we can conclude is that Buxberg is a good old offshore scheme trying to pretend to be something else.

How Unsafe Is An Unlicensed Broker?

Saint Vincent and the Grenadines don’t have a financial regulator. Thus, if a broker has headquarters in this offshore country, it’s a clear indicator that it’s avoiding regulatory supervision. 

Trading with offshore and unregulated brokers can do more harm than good. You have no money-back guarantee and no idea if you will ever be able to get a withdrawal. 

What is more, we strongly advise you not to invest in Aurora Coins, AxisCapital and Fx24trade fraudulent brokers.

​​Is Buxberg a Legit Broker or a Scam?

Buxberg is not a legitimate brokerage. The company is based offshore and has no valid financial regulations. It falsely claims to be based in Hong Kong.

Traders Reviews About Buxberg

Since Buxberg falsely represents itself as based in Hong Kong, many investors were lured into investing based on false pretending. After they have been scammed and filed a complaint, they have learned the truth about the firm.

This broker doesn’t approve any withdrawal requests, and getting the money back is nearly impossible. If you find yourself a victim of the Buxberg scam, report it immediately.

Buxberg Trading Software – WebTrader Platform

Buxberg claims to offer a WebTrader that’s user-friendly, full-powered, and easy to use. However, after we tried signing up, we were informed that we didn’t have the correct referral code. This means that we cannot verify if there is a platform and all customers have to have a conversation with the broker’s employees before signing up. 

If you want to start trading, never settle for web-based software. MetaTrader is the most powerful trading platform with the largest number of charts and indicators. Find yourself a legitimate broker with MT4 or MT5 and secure your funds.

WebTrader Mobile Version For Android And iOS

Allegedly, there’s a mobile app for Buxberg Android and iOS apps. Since we don’t have access to sign up, we cannot confirm it.

All About Buxberg Accounts

If you’re still interested in trading with Buxberg, which we highly doubt, here’s a trading account overview.

1. Beginner – $2,500
2. Standard – $5,000
3. Intermediate – $25,000
4. Advanced – $50,000
5. Integral – $100,000
6. VIP – $250,000

Accounts differ in swaps, spread, market coverage, and access to private support.

Also remember the names of the AreaTrading, Clearpoint Capital and Weltex trading scams and avoid them at all costs! Moreover, always check the background of online trading companies before investing!

Opening An Account With A Referral Code

As mentioned, if you want to create an account, you must do it with a referral code. Usually, it means that you have to chat with the broker’s employees, who will evaluate your financial situation and pressure you to invest right away. It’s just another way to get ahold of you and tell you false information.

Does The Broker Offer A Demo Account?

Buxberg doesn’t offer a Demo account, so every customer must invest the money first and then gain access to the trading platform.

Buxberg Broker – Countries Of Service

The firm is a relatively new broker, operating since April this year. Most complaints come from:

• Germany
• Canada
• Austria
• France

Buxberg Range of Trading Instruments & Markets

Buxberg offers a limited range of trading instruments, including:

• Forex – EUR/USD, CAD/USD, USD/JPY
• Commodities – gold, corn, silver
• Indices – NASDAQ, FTSE100
• Shares – Apple, Amazon, Google

There are no cryptocurrencies.

Customer Support – Live Chat

Buxberg has a live chat option, allowing all potential and existing customers to get their answers. However, these people will insist that you leave personal information, including a phone number, and be contacted by one of their employees. They won’t confirm the minimum deposit or provide you with a referral code before getting your details. It shows us that this support does not actually support, but is another way for the broker to get ahold of client’s personal details and harass them until they finally invest the money.

Rather High Minimum Deposit

According to account types, Buxberg’s minimum deposit is $2,500. It’s ten times above the industry average and about 250 times higher than Micro accounts of legitimate firms. There’s no reason to pay so much money to a fraudulent broker. You’re risking losing it all.

Buxberg Trading Conditions

Buxberg didn’t disclose too much information about trading conditions.

About Leverage And Spreads

The leverage is unregulated and goes up to 1:400. If the firm was really based in Hong Kong, it would have to follow HKMA rules and set a limit of 1:30 for the Forex market and even lower leverage for other assets.

Spreads, fees, and swaps are not disclosed, so the firm expects you to invest without knowing the costs.

Buxberg Deposit, Withdrawal Methods, And Fees

While the deposit and withdrawal methods were not mentioned anywhere on the website, we saw several warning clauses. The broker says it has “the right of discretion to alter the imposed fees if deemed necessary, and you consent that your continued access and use of our services affirm your acceptance of such alterations.” Basically, the company can change swaps, rollovers, and commissions without notice, and if you use the website by accident, it’s considered acceptable.

Besides, there’s a clause that you cannot file for a chargeback if you have used any of the company’s services, including the trading platform, client area, news, and signals, or executed any trades. We’re no lawyers, but we’re pretty sure that this clause is illegal.

Scammed by Buxberg Broker? – Let Us Hear Your Story

If you fall victim to the Buxberg scam, let us know. Our chargeback specialists will be here to hear you out and help you file a dispute.

But What Is A Chargeback?

A chargeback is a way for the bank to recover funds from the merchant in case of fraud. Consult with our team of experts during a free consultation to find the best way to file a dispute right away.

What Is Buxberg?

Buxberg is an online trading brokerage without a valid financial license.

Is Buxberg a Scam Broker?

Yes, Buxberg is an offshore scam broker without a valid regulation.

Is Buxberg Available in the United States or the UK?

Buxberg is available in the UK but not in the US.

Does Buxberg Offer a Demo Account?

No, Buxberg broker doesn’t offer a Demo account.

Intelligent word gameplay by IQToro, combining names of two of the biggest trading platforms – IQOption and eToro, gives them the advantage of claiming they are regulated and legit brokerage. Of course, nobody is surprised about their presence in the UK and Europe with such a name. However, our IQToro review will expose this fraud and show you why your money is not safe with it.

IQToro Regulations and Security

Checking IQToro’s website, we saw a broker claiming to be based in the UK and owned by Toro Group Limited. Also, they claim to have offices in the EU. A so-called FCA regulation number instead is the registration number of their UK-based entity. So yes, we did find a company under the name Toro Group Limited registered in the UK to provide consultancy services OTHER than financial management. Therefore, it’s clear this company is hiding their real business and haven’t opted for the FCA regulation at all.

Beware of the IQToro scam and similar brokers such as Trendex, AssetDex and Razer Markets.

Fund Withdrawal Issues

Saying all of the above, you can already understand there are numerous withdrawal issues with IQToro company. The broker is not regulated, meaning it can do whatever, and clients have nowhere to complain. We’ve learned IQToro is offering clients bonuses with the condition of rolling over the bonus 10,000 times before being able to withdraw any funds. Of course, none of this will be said before accepting the bonus agreement, only later. Broker’s platform is a rather poor TradingView chart that has extreme issues to open. Therefore, even making money is a challenge with this company.

Traders Opinion

According to IQToro reviews, there’s not a lot of love for this brokerage. Reviews show that clients, especially from the UK, are highly disappointed to learn their broker is not really FCA regulated and they are not entitled to the FSCS compensation fund. Instead, they are on their own, looking for a way to withdraw the money, which is unacceptable.

How Does Online Trading Scam Work?

In the case of IQToro, someone came up with fantastic marketing – taking the name from two big market players. Once clients verify that IQOption or eToro are regulated, it’s easy to pretend to be a part of the system. The minimum deposit with IQToro is $250, an industry standard, and doesn’t make traders suspicious. However, after investing this initial deposit, they are asked for more and more money, without a possibility to make a withdrawal. And this is where suspicion is waking up. After numerous attempts to submit a withdrawal request and get their money back, clients are forced to seek an alternative solution.

Scammed by IqToro?

If you were scammed by IQToro, let us know immediately. You should file a dispute and request a chargeback before time runs out. The request must be submitted within 180 days of the transaction occurring.

But what is a chargeback?

It’s a way for your bank to reverse the funds in case you have been scammed. Yet, the process has its own complications, and the best would be to consult professionals. Contact our support via online chat and get all the necessary information immediately.

What is IqToro?

IQToro is an online trading brokerage without financial regulations based in the UK.

Is IqToro a scam?

IQToro is a scam brokerage falsely claiming to have an FCA regulation.

Is IqToro regulated?

Despite claims to be an FCA-regulated brokerage, IQToro is not regulated and operates illegally.

Xafexbit is another scam exchange offering shady crypto investment services. The whole website and even the logo are identical to the Bittup24.com website. So, that’s already the first sign of this scam exchange.

Same as with the other company, Xafexbit doesn’t offer any ownership details. Allegedly, they are operating from Australia since 2018. However, there are many more irregularities that you can find in this Xafexbit review.

Legal Info: Is Xafexbit Legit Or A Scam?

Xafexbit needs to have an AUSTRAC license for digital assets if they are an Australian company with an Australian address. However, Xafexbit.com is therefore not listed in their register. 

Furthermore, they do not appear in any other top tier regulatory register. For example, FCA, BaFin and CFTC.

Who Are Xafexbit’s Clients?

Not many reviews are readily available anywhere. However, we soon anticipate hearing institution-level cautions. Whatever the case, it appears that the majority of clients are from:

• United States
• Germany
• Canada
• United Kingdom

Tell us about how this exchange went for you. Additionally, please include your home country so we can broaden the list. In the end, you can receive free guidance about the next steps if you get in touch with our refund team.

Investment Costs With Xafexbit

As we can see, the business charges 0.2% fees for a standard account. Whether you are a maker or a taker is irrelevant. You can get lower fees of 0.14% for a premium account, though.

So far, it is unclear what qualifications are needed for a Premium account. Furthermore, a commission is charged by the business for withdrawals. However, there are still some unanswered questions.

Bonuses

The welcome bonus is frequently a great way to induce someone to make a deposit. Scam brokers frequently employ it. Because of this, it is prohibited in most nations with strict regulations.

As a result, it is not available on the xafexbit.com exchange. Certainly not on their website. Read our updated ForexPrimo review to learn how to spot dubious offers and bonuses.

Xafexbit Trading Features

Only basic web-based exchange is available on the xafexbit.com exchange. This doesn’t increase the company’s credibility. Especially considering how easily these platforms can be manipulated. 

As a result, you ought to stick with authorized businesses and steer clear of such irregularities. Also, for more clarity about the investment world check our Neo Omatic review.

Is Xafexbit Legit?

The company is completely anonymous without fully transparent legal documents. After all, they operate without a license and with shady investment conditions. If you still believe that offshore brokers can be trusted, check our OrbiTrade review.

Available Trading Assets

Most likely, all of the information displayed on the xafexbit.com platform is false. They do, however, offer a variety of tradeable assets. Some of the most prevalent choices are:

• BTC/USDT
• ETH/USDT
• XRP/USDT

Account Types

Account types in general encourage investors to make larger deposits. or to exchange more items. They receive better trading circumstances in either scenario. The xafexbit.com scam exchange only provides the following.

• Standard
• Premium

Mobile Trading App

The lack of a mobile app for this exchange is another red flag. Neither for iOS nor Android-based gadgets. Instead, you can choose exchanges that provide apps with millions of users.

Demo Account

In conclusion, no. Despite the fact that the company provides platform insight. But there isn’t a way to trade without using real money before investing it.

Education

Overall, you can’t expect proper education with unregulated companies. Simply because their goal is just to extort money from you. So, possibly they will teach you most of the things wrong. In this case, Xafexbit doesn’t even offer any educational program.

Xafexbit Withdrawal

The absence of a withdrawal policy suggests that probably not. The company doesn’t even provide funding options, processing times, or costs. Not to mention the fact that they are not licensed. All of this suggests that withdrawal issues are something to be prepared for.

There are a few techniques con artists use to delay withdrawals. AML regulations or KYC procedures could be to blame. Moreover, there are no taxes or fees.

Customer Support

Important to realize is that the company doesn’t offer any contact options. Practically, you can only get in touch with them once they call you. Of course, for that, you have to register with this scam company. Which is highly recommended to avoid.

Key Information To Consider About Xafexbit?

You are unable to file a legal complaint anywhere because the business is unregulated. You can, however, report it to alert other traders. What matters most is that the primary issue still has a solution. which generally refers to withdrawal.

You can submit a chargeback or use an alternative refund method depending on the funding method. For starters, one of those is the software CipherTrace. However, feel free to speak with our experts if you want to be sure exactly what to do in the following steps. The initial consultation is free after all. Therefore, we are awaiting your message. Contact us now.

FAQ Section

What is Xafexbit?

Xafexbit is a so-called Australian crypto exchange offering shady investment services. On top of that, they are operating without regulations and under different business names.

Is Xafexbit A Scam Or Legit?

Xafexbit is a scam organization running multiple domains for the same purpose. If your money got stolen by this company, get in touch with our refund team immediately.

Can I delete my account in Xafexbit?

This option is not available. You can only block the account. But even for that, you need their support. Which means more pressure to stay with them.

The very first look at this broker’s website suggests lack of information when it comes to the general trading conditions and legal documentation. Right after that come glittery promises of the bright financial future that awaits you there. All you have to do is make a “small” investment that is several hundred times higher than the industry average.

On top of that, it’s a question if you can trade anything at all, given that the web trader is hardly reliable as the advanced stand-alone software. And even then you’re not sure if whatever profit you make on it is real, considering the fact that EliomFX is a SVG company, opened at the end of 2022, without a valid brokerage certificate. No big deal, right? Or is it that just EliomFX acts as if it isn’t?

However, worry not, as our EliomFX review is here to bring the truth to light and expose this corrupted firm in their evil deeds. 

Is Eliom FX Legit or Scam?

The Eliom FX legal status is very questionable, to say the least. The SVGFSA database has their info about incorporation, but it’s very well known that this regulator doesn’t supervise brokers anymore. So you can assume why every other newly registered brokerage brand chooses exactly this location as their next home. 

When the main regulator in charge of licensing broker dealers in the area has altogether stopped doing so, anarchy driven by scammers and frauds may rule. We could suspect the same to be the case with Action Sure broker, that doesn’t reveal any location or address at all.

Following such trends, Eliom FX appears to be another one of those firms, without known leadership and any license to sell their products and services, whatsoever. We’ve made sure of that by checking the databases of FCA, ASIC, CySEC, BaFin, NFA and CONSOB. Eliom FX doesn’t show up in any of them, which leads us to believe this broker has never applied for a prestigious license.

Here it is important to mention why only brokers with a Tier 1 license could be trusted. Besides proving to be a stable and self-sustainable corporation, the firm also implements the highest security standards for clients’ deposits. They do so by enabling segregation of funds through separate bank accounts. 

Next in line are the measures for the purpose of reducing the level of clients’ exposure to trading risks. These measures are leverage ratio set at maximum 1:30 or 1:50 and negative balance insurance. Just for the comparison, let us direct your attention to the utterly illegal Eliom FX leverage of up to 1:300! No compensation funds, no transparency or transaction reporting further prove this firm to be an illicit entity. Eliom FX tries its best to push you into risky investments so you can lose!

Where Does EliomFX Mainly Operate?

It’s no secret that Eliom FX targets traders from more developed areas. Considering that their investment capabilities are greater, scammers are led by the thought of trying their luck in those countries. However, they forget that these states are also more heavily regulated. Unfortunately, that doesn’t stop EliomFX from offering unrealistic trading conditions by promising huge returns with very little effort. The list of countries most hit by the scam tactics of this firm is as following:

• France
• Canada
• Belgium

Personnel that EliomFX uses dirty strategies such as flatter and fake friendliness, or even acting out romantic interest. The single goal and motivation that drives such behavior from the swindlers is to get rich by not investing anything and to do so as quickly as possible. That’s why they’ve set their deposit requirement so high. So they can snatch that investment right in front of a trader and disappear with the snap of the fingers. 

Being unreluctant to then give back that investment, the fraudster keeps their anonymity for a reason. However, there’s always ways to do it, as long as you’re persistent like we are. So if you’ve been defrauded by this or any other sham, do contact us and we’ll secure your stolen capital before you know it.

Traders Reviews About EliomFX

Here comes the tricky part. If you’re a novice trader and not all that knowledgeable of the market flow and general circumstances, you might want to ask for opinions of other traders. And there’s nothing wrong with that. The downside to it is that you may not be completely aware how often it happens that newly registered firms without a proper license want to quickly build their reputation. Main strategy used for such purposes are fake reviews. 

Over a hundred user ratings of Eliom FX at TrustPilot imply that this company has great service in general. However, if you take a closer look at the stats, you can see most of the reviewers were invited or otherwise conditioned to write such feedback. We implore you to always run a double check on your broker with the jurisdictional authorities, and not blindly trust anything that strangers or bots post online.

Leverage, Commissions, Spreads, Fees and Taxes

We’ve already hinted at risks related to investing under excessively big leverage. The exposure to the risk itself proportionally grows with the leverage. Thus that being the main reason why EliomFX offers such a high exposure of up to 1:300. 

Because they represent an incognito, offshore firm, Eliom FX doesn’t explicitly say if they charge trading commission and how much it amounts to per lot traded. Spreads that should be visible from the inside the platform cannot be read on most of the pairs as these pairs are disabled and cannot be traded. Only a handful of instruments are actually available and the spreads on them are higher than the industry average. 

As for the other taxes and charges, Eliom FX holds their customers are solely responsible for covering all incurring fees. Terms and Conditions also state that there’s an annual maintenance fee of $50. Clients are also obligated to pay all the processing, conversion and transaction fees, as well.

Trading Features of Eliom FX

Conditions of trading, as well as the general features offered by EliomFX are not in the least attractive. Firstly, let us tell you that the single trading software is the MT4 webtrader. Then there’s such a poor instrument offer to choose from, it’s completely underwhelming. On top of that, there’s neither a wide range of personalized account types to pick between. Eventually, there’s just an option for the Demo account but that doesn’t fix the fact the rest of the offer is so bad and shallow. 

 Trading Platforms Available

As previously mentioned, the trading software enabled at EliomFX is the MT4 webtrader. Quite characteristic for scammers to go with this choice. What we’ve seen at EliomFX is even better than what most fraudsters these days use. FuturBTC is surely one of them.

Webtraders are commonly used by every other fraud for their structure that is easy to manipulate. That way, EliomFX controls the statistics shown in the platform and can mend with the values to show profit or loss. Whatever fits their devious strategy. Instead of exposing yourself to manipulation and financial abuse, we’d recommend you to choose a broker that enables prestigious platforms that have options for other devices.

Available Trading Assets

The choice of tradable asset groups at Eliom FX is not in any way impressive or attractive, either for retail traders or long-term investors. As a matter of fact, it appears no more than two dozen products are available. However, this is the information we could read directly from the Demo account on the MT4 web trader available. Perhaps the offer extends after you make an initial deposit. For a start, these are the financial instruments available for risk-free trading:

• Forex (AUD/USD, GBP/USD, USD/CAD, NZD/USD, USD/JPY)
• Crypto (BTC, ETH)
• Indices (UK100, SPA35, JAP225, ITA40)
• Commodities (Silver, Gold)
• Shares (Pepsi Co, Facebook, Microsoft, Bank of America, Apple, Amazon)

Account Types

The only two packages present at EliomFX are the live and the demo account. Registering for a live trading account will cost you a remarkable $5 000. 

Considering some broker powerhouses offer Micro accounts at $5, what this swindler demands is up to several thousand times more expensive than what we’d call affordable. 

Apart from that, the website doesn’t give any particular input on how the account works, what it features and why should the clients open an account with that broker specifically. All this can be taken as yet another evidence of this broker’s tendency to remain anonymous about every single aspect of their illicit conduct and limited offer.  

Demo Account

Surprisingly enough, Demo accounts are an available feature at EliomFX. Upon signing up and verifying your email address newcomers can choose trial-trading. The free margin you can pick goes up to $1 000 000 and you can use these virtual funds to buy and sell instruments during a limited time. The starting leverage is set to 1:100. As aforementioned, the range of trading instruments is quite poor and many given ones are disabled. 

Is Profit Withdrawal Possible?

The EliomFX withdrawal is a dreadful process to comprehend. Firstly, the trader has to go through the trouble of choosing the preferred payment option. But if they guess wrong, EliomFX, as stated in their Terms and Conditions, has the right to ask of the customer to pick another payment method. Such illegal actions against the funds’ safety and customers’ privacy are against any and all regulatory policies. 

At that, the broker denies any responsibility to partake in covering transaction fees. Clients who submit the withdrawal requests have to send in the appropriate documentation and pay every possible fee. Even then EliomFX claims to have the right to deny and reject any payout inquiry if they see it unfitting to their policies. These docs are completely fictitious and do not appear on the website. 

Those are just some of the examples of illegal brokerage agencies misusing the clients’ trust. Not only could they deny or reject the payout complaints, but they casually turn a cold shoulder if they do not find you any more useful for vulturing. 

Customer Support

Some of the more recurring problems that ex EliomFX users are having is difficulties communicating with the support team. This is not in the least shocking, as they’re only helpful and dedicated to victims as long as they have use of it. If the agent that was your best buddy finds out you have drained your bank accounts, they will just walk away without looking back. You could try tirelessly to call or send emails, but do not expect a reply.

The only way to contact the EliomFX support is via several emails. We doubt anyone even opens them, let alone reads any of the complaints and cries for withdrawals. You could also leave your ID info along with a phone number and the description of your problem. Dedicated and superbly diligent crew supposedly calls back immediately. Another claim we’re reluctant to believe. Unless, of course, you’re a brand new investor looking to spend thousands of dollars.

Key Information About EliomFX 

A highly suspicious and undoubtedly fraudulent-prone company, EliomFX, is an offshore small-time scammer from SVG. Their illicit business is best described as a textbook attempt of fraud. While we haven’t found a single positive aspect of investing here, there’s more than a several negative ones to watch out for. Not that the broker is just anonymous and focused on scamming, they’re ruthless in every step of the way.

So, if you’re one of their victims and you’re struggling to start a chargeback, feel free to get in touch with our legal experts. We employ some of the most well-trained professionals who are educated to bring these cyber criminals to their knees. With your information and knowledge, we can help you gather enough evidence to start a legal process against the thief. Let’s join forces and catch the criminal, but also recover what was once stolen from you.

What Is EliomFX, And Should I Invest Money In It?

EliomFX is an unregulated brokerage operating from offshore and without a license. It isn’t our recommendation to invest here, but if you already have, contact us so we can get you back your deposit.

Can I Trade Cryptocurrencies And CFDs With EliomFX?

As we’ve already discussed, the offer of trading instruments at EliomFX is quite poor, as there’s only about a couple dozen of instruments available. Several Crypto assets are but not CFDs.

Does EliomFX Give a Deposit Bonus When Opening an Account?

From what we dug out on the site and when we tried joining, no details were given to us about the bonuses. Terms and Conditions do not mention them either.