If we were to believe the advertisements on this company’s website, we’d come to the conclusion that they are on the forefront of online brokerage business. The incredibly profitable prospects, coupled by low costs and great conditions turned out to be a honey trap for many newcomers.

Unfortunately, behind the shiny veneer lies a predator in wait. Our Apexnumber review will debunk these swindlers once for all, and show you how to recover your money.

Unknown to Regulators

In contrast to multiple claims about the Apexnumber trading scheme being regulated, there isn’t a single proof of it to be found online.

First off, the website states that the conduct is regulated by the Financial Services Authority of the United States, but no such entity exists. Regulatory duo of CFTC and NFA supervise financial services providers in this country and Apexnumber Ltd is not a member of the licensed firm’s list.

Next there are claims about affiliation with International Capital Markets Pty Ltd, regulated in Australia by ASIC. These are also non-confirmable. The firm also states that CySEC oversees their activities as Apexnumber (EU) Ltd, but the database contains no such entry. 

A couple of other claims are added and they pertain to offshore regulations. FSA from Seychelles also doesn’t monitor their brokerage activities, despite what is claimed by the cons. As you’re already guessing, the broker is not regulated anywhere!

How Fraudsters Operate

The apexnumber.com website was created in September 2023, which explains the lack of any Apexnumber reviews. The fraud is mostly directed towards citizens of these nations:

• United States
• United Kingdom
• Jamaica
• Australia

To make the ruse seem believable, the firm employs boiler room agents to work over the potential victims. Just like with Ibinex, these agents contact the marks directly, and use pressure tactics to make them invest.

Through the combination of remote access software like TeamViewer, fear of missed opportunities and straight up harassment, these unscrupulous people are capable of squeezing anyone for money. No matter the approach, the money ends up stolen in the end. It may still be recovered, so contact our legal team for help.

Trading Leverage and Costs

The Apexnumber leverage goes as high as 1:500, and is allegedly coupled with starting spreads of 0.0 pips on FX pairs for Raw account and 0.6 pips for Standard.

To further sweeten the deal, the company allegedly offers an algo trading bot called EQUINIX NY4, but requires a 40% of the profit split as compensation. No deposit or withdrawal fees are listed on the site.

Other costs include commissions charged per traded lot, and range from $0 on standard account to 3.5% for raw spread account. MT4 Raw Spread accounts are said to incur a commission of $0.035 per side and cTrader accounts incur a $3.9 per lot per side for the benchmark EUR/USD currency pair.

Lies About Features Availability

When website visitors attempt to examine the available trading tools and software, they will be asked to register an Apexnumber login first. However, even once that condition is met, nothing new is revealed to the customers. Available software, costs and account types are something entirely different than what is advertised. 

Misleading Software Offer

The site claims that Apexnumber MetaTrader 4 and 5 is available to anyone who signs up. To spice up the offer, the fraudster also claims to allow trading on cTrader desktop and web terminal.

Once we opened a new account and got to the trading room, only a simplistic web trader built on TradingView charts was accessible. This is actually the only Apexnumber app you can use to trade binary options, place orders using dubious copy trading strategies or even employ an automated trading tool. 

Delusive Instrument Groups

The information presented on the website is in total disparity compared to details found in the user dashboard.

Here, available assets for investing are:

• Indices – Nasdaq 100, Dax 30, Nikkei 225
• Commodities – Cotton, Coffee, Silver
• Bonds – T-Bond, Euro Bund, Euro BTP
• Forex – EUR/USD, USD/GBP, USD/JPY

Users can also buy crypto currencies via a basic terminal, which means the cons have enabled digital asset stealing, as well.

Convoluted Account Selection

There’s quite a bit of information mismatch when it comes to Apexnumber account types. The website states that the accounts should be divided into several categories, by spreads and by used platforms.

This is all complete hogwash, however, as when you actually create an account you’ll be greeted with the good ol’ tiered accounts. Here’s the price overview:

• Bronze – $1,000
• Silver – $10,000
• Diamond – $20,000
• VIP – $100,000
• Pearl – Unknown

These should allegedly yield benefits, but the company never discloses any actual differences. A demo is allegedly available on demand, but our request was never processed.

Withdrawals Not Allowed

The company accepts deposits via cryptocurrency transfers (BTC, ETH, BCH, ADA, USDT) and Western Union. This should immediately set off an alarm bell, as these methods allow for a great deal of anonymity, letting the fraudsters hide from the authorities.

Apexnumber withdrawal options are much the same, with the Western Union being replaced with bank wire transfers. Without any regulation or the Terms and Conditions document, however, the company is not obligated to allow any payouts. Similarly to how Moontradex works, these charlatans will just rip you off and call it a day.

Messages Ignored

Out of several communication channels available for reaching out to the client support office, none of them work. Here is what is allegedly enabled to use and appeal to the help desk:

• Email
• Online form
• Live chat
• Direct messages

All our attempts to get in touch with support agents ended the same way – our messages were left unanswered. The field on the support page where the phone number should be is left empty.

Got Scammed? We Can Help You!

This brokerage fails to provide any verifiable legal information. The situation on their site can only be described as alarming, with the entire platform being set up to take the money and give nothing back.

If you have become a victim of such predatory entities, contact our legal team. With our help, you can start a recovery procedure and get your money back. You may reach us at any time by using the live chat on our site, and our first consultation is absolutely free.

FAQ Section

What is Apexnumber?

Apexnumber is a nameless broker that lies about their identity and regulations.

Is Apexnumber Legit?

There are many claims about alleged licenses the firm owns, but none of them checks out. The conduct is a total sham.

Where is Apexnumber Based?

The company claims to operate from the US, but that info remains unconfirmed. If you’re having issues with payouts, please consider asking our legal advisors for help.

The heavy regulatory action has finally tightened like a noose around these fraudsters’ neck, prompting them to break up the operation.

While the news that the CTA Capitals website was finally shut down is a relief for many, victims of the scheme are now left with one less way to contact the company. If you’re one of these unlucky people, see the remainder of our CTA Capitals review to learn more on how to recover your money.

What About CTA Capitals Regulation?

Since regulation is a vital part of any broker and represents its ability to be responsible and return the funds in case of issues, we’ve checked about CTA Capitals. It appears to be a brand of Mia Group LLC, a company allegedly established in Saint Vincent and the Grenadines. We found no trace of the company or the broker with the FSA nor any Tier regulators such as FCA, ASIC, and BaFin.

It implies you’re dealing with a fraudulent firm and your funds are at risk.

In addition, we strongly advise you not to invest in SungerFX, Finance and Currency Limited and LiteGap fraudulent brokers.

Blacklisted All Over the World

No matter which strategies they employ, con artists can’t really win in the end. It’s only a matter of time before their predatory action is spotted by one regulatory agency or the other.

The first regulatory body to investigate the Crypto Trading Association was FSMA, which placed the company on a blacklist not soon after.

This was followed by additional warnings by FI, BCSC, CONSOB, FSC, BaFIN, AFM and CNMV.

The truly international scale of the investigation points out how serious the entire con circle was while it was active.

Client Ratings As Warning Signs

Some of the clues that are left of the company after its demise are the numerous ratings on TrustPilot and SiteJabber platforms. The history of these ratings gives a good insight into how a boiler room like this one usually works.

Review seller networks were previously heavily involved in spreading the deception about the company. Many of the clients who placed an honest rating complain about being harassed over the phone, and their withdrawal requests being denied.

CTA Capitals Assets and Markets

Company offers trading on the major markets, including:

• Forex market
• Commodities
• Indices
• Shares
• Futures

As mentioned, it’s really odd not to let your trade crypto when it is your only way to deposit. Allegedly, your funds are automatically converted to crypto, and you see all the prices in Bitcoin value. But it’s all just a story to keep you busy while the broker is stealing your cryptocurrencies and transferring them through several wallets.

About Fund Withdrawal Issues

Since we proved that you’re dealing with a scam, no wonder there are numerous complaints about withdrawals. Clients of CTA Capitals have reported that they cannot get their money back. They are asked to deposit more money for the alleged fees and transactions, but they haven’t seen a penny back even after they do as directed.

If you have experienced withdrawal issues with CTA Capitals, let us know before it’s too late.

Areas Of CTA Capitals Scam

According to CTA Capitals reviews, the broker is mainly present in Belgium, Germany, Canada, and Switzerland. Other warnings tell us it operates in Spain, Italy, and Norway. Note that there are no regulations to provide legal financial services anywhere, and don’t risk becoming the next scam victim.

Traders About CTA Capitals Scam

After checking several websites for reviews, including the most popular one – Trustpilot, we’ve learned that clients are facing many other problems besides withdrawal issues. Account managers are opening trades on behalf of clients, making them lose money on purpose.

Once you stop these trades and submit a withdrawal request, they claim that someone from Blockchain or other companies that serve as wallets will ring you. Don’t fall for such a story. Your money is with CTA Capitals, not any other company!

How Does Online Trading Scam Work?

CTA Capitals runs one sophisticated scheme. They’re making clients deposit via Bitcoin and other crypto since these transactions are virtually untraceable. Once you do so and want a payout, they will redirect you to your wallet, even though your money is long gone and transferred directly to the broker. 

Once you understand the game, you will see that you’re left with limited options to get your funds back.

Also remember the names of the Hextra Prime, SmartOptionFX and AFX Capital trading scams and avoid them at all costs! Moreover, always check the background of online trading companies before investing!

Scammed by CTA Capitals? – Tell Us Your Story

If you were scammed by CTA Capitals, don’t get desperate just yet. Our specialists may help you file a dispute and request a chargeback.

But What Is A Chargeback?

This is a way for your bank to reverse the fraudulent transaction. Since the process is complicated and your funds have been converted to crypto, we would like a free consultation to check your case. Book everything through online chat, and let’s act.

What Is CTA Capitals?

It is a fraudulent online Forex and CFD brokerage from an offshore country.

Is CTA Capitals A Scam Broker?

Yes, CTA Capitals has been blacklisted in Belgium, Italy, Spain and Norway for conducting scams.

Is CTA Capitals Regulated?

Broker is is not regulated and provides financial services illegally.

Today we’ll take a look at a firm that, contrary to its name, is neither a crypto mining firm nor is it an apex trading solution of any kind. Instead of the premium service they advertise, these cybercriminals only offer financial ruin.

Stick with our Apex Bitcoin Mining review to learn how to recognize these schemes in the future and what you can do to recover your money from one.

Peeling Back Layers of Lies and Deceit

The entire Apex Bitcoin Mining trading scheme revolves around a persona named Sabrina Alex. It’s important to remember that, in order to remain anonymous, these people always use fake names to hide their identity.

The fraudulent circle runs the con from so-called boiler rooms, better described as scam call centers. There, scam agents use online apps like Telegram to contact their victims directly, using strategies known as cold calling and spear phishing. These fraudsters have developed persuasion skills that leverage emotional reactions against their victims. If you believe you’ve invested funds with a shady company like this one or Quontic.vc, feel free to contact our experts.

Regulators Warn Against the Danger

 While the rotten strategies employed by these con artists make their schemes sound lucrative, the reality is completely different. If you attempt to find out anything more about this company, you’ll hit a dead end. 

Since the entity claims to operate out of Belize, we immediately searched the registers of their local regulatory body – FSC. As apparent, this business isn’t even registered with a jurisdictional authority. Aside from that, the site promotes an alleged license by the SEC (USA), which is not true, as search results prove. 

Other supposed certificates are ridiculously obvious, sloppy photo edits, there’s no need to even double check them, especially with the recent FCA (UK) and FI (Estonia) warning. 

Areas of Activity

Since 2022, the domain has managed to stay focused on particular areas and the victims they most often target. To this day, the highest number of victims has been detected in the following nations:

• United Kingdom
• Germany
• Australia

We have to warn you that the list isn’t definite and doesn’t mean anyone out of these zones is safe. If the con men can extort money from you, they won’t mind whatever country you come from. So far, there aren’t any Apex Bitcoin Mining reviews posted by clients.

That’s why you should contact us immediately, as soon as you start suspecting your money to be lost to financial swindlers.

Claims of Economy-Breaking Profits

The company pretends to be a successful investment firm and uses the idea of passive income based on investment plans to entrap victims. For them, investing means purchasing one from a range of subscription plans.

Some of these are allegedly supposed to yield unrealistically large profits in a record-breaking time frame. For others, the swindlers didn’t do their math right:

• Starters – $200, 7 days duration, ROI 7400% + $50 bonus
• Basic – $300, 7 days duration, ROI 29,900% + $50 bonus
• Silver – $1,000, 7 days duration, return of $2,000
• Premium – $10,000 for 7 days, ROI 350%
• Exclusive – $100,000 for 7 days, ROI 200%

In addition to this blatant ripoff, there is also a so-called Apex Bitcoin Mining crypto exchange. It is supposedly possible to exchange a variety of coins like BTC, ETH, XRP and LINK between each other or for USD. Of course, there isn’t a trading platform worth mentioning, only a single page with a chart pulled from TradingView.

Investing Without Costs?

As we’ve previously discussed, impossibly attractive investment plans promote huge returns in a matter of days. Now, you may wonder what are the fees and taxes you pay for such an astonishing service.

Unfortunately, all costs are hidden. Legal documentation usually has the purpose of informing clients of this aspect of trading, but the papers we found on this site are useless. 

The swindlers only ever mention a crypto exchange fee of 2% per side and a withdrawal fee of 10%. These are exceedingly costly when compared to legitimate firms, and the lack of transparency always means hidden costs apply.

Undefined Withdrawal Policy

The Terms of Service document, as it is called, never outlines any withdrawal conditions whatsoever. The client dashboard makes an allowance for withdrawing through bank transfers, crypto transfers (BTC, LTC, ETH), and bank transfers.

Of course, no blockchain networks are ever mentioned, nor is there any sort of automatic transaction processing. Clients are expected to make a request through a web form and hope for the best. Deposits function in much the same way but will also ask you to secure your credit card information.

Boiler Room Support Service

All links to the company’s social media profiles are dead. There are other ways of getting in touch with the support office, however. We also found the live chat popup option, but no one will ever reply to your messages. You’ll get a notice about all support agents being busy, and you’ll be instructed to fill out an online form.

The online form, used for sending inquiries and getting replies sent to your email inbox, doesn’t function either. Apparently, the only functional way to approach site owners and the fake CEO is via the encrypted Telegram channel. 

Recover Your Funds With Expert Help!

Online charlatans like Apex Bitcoin Mining scam or EuroDex will do their best to cover their tracks and disappear with your money. This is why it’s of great importance that you take action as soon as possible.

Our expert team has ample experience with cases just like this and is available to help you at any time. You may reach us via the live chat, and take advantage of a free first consultation.

FAQ

Where Does This Company Operate From?

There’s a lot of false information about the location of this firm’s headquarters. Addresses in the US, Belize, and UK are posted, but the scheme is most likely an offshore one.

Is There a Way to Recover Lost Funds?

Yes, of course, there is. Please contact our chat agents to book your free consultation, and our chargeback experts will get back to you.

Since the broker’s website is offline and many clients are trying to gather information for a successful dispute, we’ve decided to put it all in one place. Read our Crystalead review and find out everything there is about this fraudulent trading firm.

What About Crystalead Regulation?

Crystalead is a broker allegedly based in Ireland, without an official owner or an actual address. Usually, when companies lack information, it means they are somewhere offshore, hiding from actual regulatory supervision. We cannot say it with absolute certainty, but the behavior and everything in regards to Crystalead makes us believe that’s the case with this firm as well.

Therefore, your funds are not safe, and if you cannot contact the brokerage and get them back, read this review until the end and check for possible solutions.

In addition to the above, we strongly advise you not to invest in Nash Markets, Expert Financial Solutions Limited and RichFielder fraudulent brokers.

Crystalead Warnings From Financial Regulators

Since everything regarding this broker is suspicious, we checked if any regulator noticed it as well. And the answer is yes. One of the Canadian regulators, BCSC, noticed that Crystalead provides illegal financial services in the country and published an official warning.

Fund Withdrawal Issues With Crystalead

Since the broker suddenly went offline after being exposed by the regulator, all clients who had any money invested are now unable to get it. It’s not just that the website is down and logging in to an account is impossible, but the broker didn’t even bother to contact customers or let support answer their calls and emails. 

If you have had a similar situation and cannot get your money back, let us know.

Also remember the names of the SwissGoldFX, DT-Index and AssetDex trading scams and avoid them at all costs! Moreover, always check the background of online trading companies before investing!

Areas Of Crystalead Scam

As mentioned, the Canadian regulator issued an official warning due to many scams in this particular country. Based on Crystalead reviews, we can tell that most victims come from Canada and Cyprus, while we also have complaints from the UK, Netherlands, and Scandinavian countries.

Wherever you are, be aware of the Crystalead scam.

Traders About Crystalead Scam

Most complaints are currently focused on clients’ inability to access their trading accounts. Of course, when you know that your money is in some account and you cannot access it, this is where the panic takes over. Besides withdrawals, many complain that account managers were rude and directly told them that they have been scammed and shouldn’t hope for any payouts.

How Does Online Trading Scam Work?

There are brokers such as Crystalead whose primary goal is to extort funds and disappear. That’s precisely what happened here. Once the company gathered enough funds and noticed the potential threat of being exposed by regulators, their website was shut down, and a new one will probably open soon with the same idea.

There are many companies like this, and you need to know how to recognize them. If you see a too good ad or are promised a too big profit and you sense that something is wrong, it probably is.

Never expect to become a millionaire overnight, and always make sure to be involved with Tier1 regulated brokers.

Scammed by Crystalead? – Tell Us Your Story

If you were scammed by Crystalead or a similar bogus broker, let us know. Our support department is here to book free consultations with a chargeback specialist to help you get your money back.

But What Is A Chargeback?

A chargeback is a tool that allows your bank to reverse fraudulent online transactions if there is sufficient evidence. For more details, contact us via online chat and book a free consultation.

What Is Crystalead?

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

Is Crystalead A Scam Broker?

Yes, Crystalead has been blacklisted by the Canadian regulator for conducting scams.

Is Crystalead Regulated?

No, Crystalead is not regulated and provides financial services illegally.

Allegedly packed with a tone of features, this online trading portal should enhance and enable you to trade effectively online. Because nothing says quality service like the amount of false advertising, right?! 

Before you risk losing your entire life-savings on this newly registered fraudulent Forex platform, make sure you gain proper insight on how the scheme really operates. More information about the scam tactics and potential recovery techniques can be found in the remainder of this IGinvest review.

BCSC Says Fraud

Although this shady website was established just recently, there’s no doubt they’ve been preying on Forex novices. The site itself is completely non-transparent and lacks information about anything related to the company registration and line of work. Just like TargoSwiss, this was most probably another offshore scheme. 

Since practically nothing can be found out from the website information, we tried searching through the databases of regulatory authorities like FCA, ASIC, NFA and CNMV, but nothing came up. That is, nothing except a public warning posted by a Canadian regional financial regulator – BCSC. This recent publication clarifies that the firm displays fraudulent intentions while not being registered to sell or promote online financial services.

Scam Promoters on Social Media

The fact that the company was established in February 2024 explains where there’s very of their traces online to find. However, what is apparent is that they’re using anonymous scam promoters that publish videos on Instagram. 

These people know practically nothing about the complex dynamics of the Forex ecosystem. Their sole purpose is to make it seem like IGinvest trading is easy and that even beginners can do it with ease. According to the website statistics, the majority of these videos are aimed to attract unsuspecting investors from the following countries:

• Italy
• Canada
• Serbia

Few Negative Reviews Left Behind

It seems as if the shutdown of this shabby site has left us with nothing but a few IGinvest reviews to analyze. According to the company’s Trustpilot page, users that have attempted to trade on this platform have found nothing but deceit and treachery.

Lost deposits, advance fees and unresponsive support seem to be the central subjects of everyone’s experience. This is a solid point to take into consideration when pondering on whether or not to invest with a shady site that promises quick gains. If you’ve already lost an investment to these miscreants, make sure you seek help from our recovery team as soon as possible.

Famous “Fee-Free” Lie

There’s no brokerage brand in the world of online trading that doesn’t charge any fees. While the IGinvest scam will convince their victims that no fees are charged on any of their services, there certainly exist hidden taxes and commissions. That’s how actual costs are camouflaged with the lie about no fees charged, which is OnyxTraders known to practice, as well.

In addition, the site doesn’t even disclose the basic trading terms, such as leverage and spreads. Legal papers don’t exist so that makes things even harder. 

No Notable Features to Mention

Due to the site being done in a most rudimentary and shallow manner, trading features, software and additional options are not presented. Whether that is because of the fact that they don’t even exist, or that they might be hidden behind the sign up process, we can’t tell for sure. What we do know is that none of these are worth paying a single penny for.

Web App Doesn’t Respond

You can try to open positions, you can attempt to configure the chart, you can even invest real money into this useless portal via the IGinvest debit card and it will still remain idle. The software acts as if it was an unmoving picture of a simplistic graph, without any of the rudimentary or advanced analytical objects traders are used to.

It’s no secret that unverified Forex trading firms often misuse their application to alter the data and show misleading market information to lead their customers into loss.

Not a Single Asset on Offer

What’s an online trading website without any available tradable products to offer? The site itself brags about thousands of financial instruments being provided for everyone who wants to try investing. Unfortunately, there was never a mention of a concrete products group, let alone a particular asset or an example of one.

Nothing to Invest in

We’re all used to seeing brokerage powerhouses competing which one will offer a more diverse and attractive palette of investment plans or accounts. Apparently, this firm didn’t find it suitable to create their own unique offer of packages and make creating IGinvest login an attractive opportunity. 

What’s more, not even the minimum deposit requirement for the single, live trading account is explicitly shown.

Money Lost With Each Trade

Wherever the doctored software may display as a result of your trade, all your deposits are going directly to the con’s pockets and no profit is being generated at all. Sadly, the majority of victims find out the bitter truth once they attempt to initiate an IGinvest withdrawal procedure.

We don’t know what the specifics of the process were, considering the lack of information on the website and the absence of legal papers. Most likely, only crypto assets were accepted as that facilitates the scam.

No One to Assist Customers

Claims on the IGinvest broker website glorified their customer support office as always active and there to help traders resolve any kind of issue. This is, of course, just one of the many lies on the long list of them. Not even the email of the company was active at the time of writing this review.

Seek Help Immediately!

As harmless as these sites may sometimes seem, it’s crucial not to underestimate them. Cyber criminals have plenty of methods to get to your sensitive personal information and empty your bank accounts in a matter of minutes.

However, there’s a way to fight back. Our legal professionals can help you determine the flow of your investment and where it eventually landed. Contact us for more information on how to issue a chargeback and get back your lost funds.

FAQ Section

What is IGinvest?

IGinvest is an unresponsive website for a false brokerage terminal that used to steal investments.

Is IGinvest Legit?

No, there was never any proof of their legitimacy shown on the site, and there was even a public alert posted by BCSC (Canada).

How to Get Money Back From an Unregulated Broker?

You are going to need to start a recovery procedure. Our chargeback specialists can help you with that, so contact us at your convenience.

Before you invest with any company out there, you need to have all the information. Who is the owner, where is the firm located, and how can you get your profits out?

All this and more will be answered in today’s detailed Smart Limited Group review. Let’s begin with an overview of legal facts.

Who Is Behind Smart Limited Group Broker?

As you will have a chance to see from its website, Smart Limited Group broker is quite mysterious. The company doesn’t mention any legal entities behind the scenes, except the Smart Limited Group itself. 

In addition, we found a company number 03683916, which resembles the number UK companies usually have. And, indeed, we found this number in the UK’s Companies House register. However, this firm was established in 1998 and is classified as “other business support service activities not elsewhere classified.” Furthermore, their name is not in the FCA register, as they do not provide trading services. 

Therefore, it remains unknown where Smart Limited Group operates from and who the actual owner is. All we can tell for sure is that the brand lacks regulatory approval for conducting broker business.

Smart Limited Group Warnings – Regulators Have Exposed the Scam

Once we searched for Smart Limited Group regulation, we found something else instead. The company earned its place in official databases as a known scammer.

In April of 2024, Spanish and Italian authorities marked the Smart Limited Group platform as fraudulent and warned investors to steer clear. These same warnings found their place on the websites of various other regulators across the EU, including Finnish FI, Estonian FI, Belgian FSMA, Slovenian A-TVP, Dutch AFM, and Bulgarian FSC. 

During the following month, the Russian Central Bank issued its own alert regarding the Smart Limited Group scam. Hence, we now have plenty of proof for our claims.

Who Are the Victims of Smart Limited Group Scam?

According to website analysis, this firm has been established in November 2023. Since then, they mainly target rich countries, such as:

• Spain, 
• Italy, 
• Czechia,
• Germany.

This explains the regulatory warnings we’ve mentioned earlier. If you find yourself a victim, don’t hesitate to share your story and help us raise awareness of online fraud.

Smart Limited Group Platform – Which Software Is On Offer?

If you’re wondering which software you will get once you create your Smart Limited Group login, we cannot tell you that. Namely, the website provides no information about this matter, and registration was not possible at the time of writing because of a “system error.”

However, based on our experience so far, we can assume you will be able to use a proprietary WebTrader that lacks all the advanced features. Typically, scam brokers don’t invest much in their trading platform, as they know they will vanish quickly.

Smart Limited Group Account Types – What’s My Choice?

If you’re wondering about Smart Limited Group accounts, here’s the choice:

• Trial – 250 EUR
• Classic – 1,000 EUR
• Gold – 2,500 EUR
• Platinum – 10,000 EUR
• VIP – 25,000 EUR
• Prestige – 100,000 EUR

As we can tell, all these accounts are quite pricey, with Smart Limited Group minimum deposit standing at 250 EUR. Each account brings promises of more tools, such as a financial calendar, personal trading strategy development, trading signals, and a staking portfolio.

However, since we already confirmed that this brokerage is unlicensed, their employees cannot provide any of these services legitimately. Or accurately, for that matter.

Smart Limited Group Demo Account

As you can already guess, there’s no Smart Limited Group demo account. This company simply doesn’t want you to learn all their flaws before you pay the money. Be smart, avoid it, and invest with another broker.

Smart Limited Group Trading Assets

Once you open the Smart Limited Group website, you can see that the firm advertises mainly crypto trading. The same stands for their FAQ section, which focuses on Bitcoin. However, deeper digging showed that they also promote other assets, such as:

• Forex – EUR/USD, GBP/AUD, NOK/SEK
• Commodities – gold, silver, corn
• Indices – DAX30, CAC40, FTSE100
• Shares – Amazon, Apple, Meta

However, we cannot confirm or deny this without platform access. Whatever the case, you can trade these same categories with regulated companies and avoid being scammed.

Smart Limited Group Deposit and Withdrawal

As you can see, the company is asking for a minimum deposit of 250 EUR for their Trial account. This is the same amount we’ve seen with numerous other fraudsters. It’s quite a lot of money to spend on an unregulated firm without a demo account. 

The accepted methods for funding your account are:

• Debit/credit card
• Bank transfer
• E-money

When it comes to Smart Limited Group withdrawal, we cannot say anything. The company has no legal documents detailing the process, and there’s nothing about processing time, fees, or methods. We are, however, sure that you will face numerous obstacles during payout, such as non-existent fees and taxes, verification problems, and many more. If that happens, we invite you to file a Smart Limited Group complaint immediately.

Key Issues With Smart Limited Group Broker

To summarize everything stated above, Smart Limited Group is an unregulated, fraudulent Forex and CFD trading provider. The firm has been blacklisted by numerous authorities around the globe for their scheme. 

If you’ve fallen victim to their pressure tactics and sales pitch, we invite you to share your story with us. Tell us what happened in the comments below, or let us know via live chat. We will book a free consultation with our chargeback specialist, who may assist you with fund recovery. It’s not all lost, so let’s start working before it’s too late.

FAQ

What is Smart Limited Group?

Smart Limited Group is an unregulated online trading brokerage without approval to offer financial services.

Is Smart Limited Group Legit?

Smart Limited Group is not a legitimate brokerage. The alleged owner found on their website is not connected to this scam brand, and we have no clue who’s behind it.

How Can I Withdraw Money From My Smart Limited Group Account?

You can submit a withdrawal request through your client portal. However, we doubt your request will be approved. If this is the case, contact us for free consultation regarding your refund options.

The world of trading is vast, has many possibilities, and is a great way to earn an additional income. However, if you’re new to this, you should know that there are many scam companies like ACE FX out there that will disappear after taking your money.

In this detailed ACE FX review, we will expose a scammer, so please take notes and read carefully.

In top of that, we seriously recommend you not to invest in the fake brokers AltimaTrade, Absolute Markets, and NovaTechFx. Do not trade with these unlicensed brokers if you want to save your money!

ACE FX Regulation and False Information

The contact section shows that the company is based in the UK. But when you open the group section, you will find that First Prudential Markets Ltd manages the company. This firm is allegedly licensed in St. Vincent and the Grenadines, Cyprus, and Australia. This seems to be false information.

FPM is the owner of FPMarkets, one of the world’s best-known brokers, and they have nothing to do with Ace FX. 

Things get more absurd when you look at the registration form. In the Client Agreement section, you will find that ACE FX is based in the Republic of Vanuatu. Whatever the actual headquarters, this broker is not licensed, and there are too many red flags. 

How Unsafe Is An Unlicensed Broker?

When starting the trading journey, you should choose a licensed broker. The regulation is there for your safety. Many measurements are taken to protect clients. The client’s account is always segregated from the company’s account, which ensures that the company cannot use the client’s money for their investments.

Legit broker is doing everything by the book, and the only book that Ace FX is following is their own.

So, you should avoid Invest Flow forex broker and similar brokers such as MetaversesWorld, Crypto EU, and FinoTrend.

So Is ACE FX a Decent Broker or a Scam?

The company is not regulated. The broker claims to have multiple owners. There is not much information on accounts and deposits. They are offering a demo account that is not working.

Traders’ Experiences With ACE FX

Of course, traders’ experience with Ace FX is far from satisfying. Since this broker is lying about the regulation, many customers have filed complaints with CySEC, ASIC, and FSA. Only for them to find out that it was all a lie.

Never trust everything you read blindly. There are many cyber-frauds out there, and you can never be too cautious.

What Platforms Does ACE FX Offer? – Available Trade Software

Ace FX is using a poor web trading platform that cannot meet industry standards. It has basic features for customizing charts and placing orders but lacks the advanced options that MT4 and MT5 use. 

MetaTrader4 and MetaTrader5 offer many possibilities that simple, web-based platforms cannot compete with. Please note that having a good trading platform is not a sign that the company is legit. Yet, it’s a good indicator of it.

ACE FX Range of Trading Instruments & Markets

Ace FX offers a wide range of trading instruments. You can choose between:

• Currency pairs – EUR/USD, GBP/USD, JPY/AUD
• Indices – Dow Jones, FTSE100, DAX30
• Commodities – oil, gold, natural gas
• Shares – Amazon, Apple, Google

However, having many trading options does not mean the company has much to offer. It means you can choose any assets you like and will be robbed anyway.

ACE FX and Limited Data on Trading Accounts 

We’ve already mentioned that the website lacks serious information, one of which is account details. There is no description of trading accounts. You will, however, notice a claim of a 1:20 leverage ratio and spread that starts at 0 pips.

The company states that they offer bonuses occasionally, but these are not specified anywhere. If this isn’t shady enough, we have more.

ACE FX Broker – Countries Of Service

Based on our review, the broker is mainly present in:

• UK
• US
• Germany

ACE FX Deposit, Withdrawal Methods, And Fees

The only deposit option that Ace FX is leaving you with is Bitcoin. This is just perfect for scam companies! Why? Scammers choose cryptocurrency transactions because those are almost impossible to track, and above that, they cannot be refunded.

If you read the Terms of Use, you will see that withdrawals can be made 30 days after the deposit. The company also did not specify fees when withdrawing the money, yet its clients were charged heavily.

Customer Support – Communication Channels

To get in touch with you, the broker will do anything. They will call you endlessly, send you emails, WhatsApp messages, Telegram messages, etc. They will create fake social accounts and ads on Google, Facebook and Instagram. 

Once you invest and ask for a withdrawal, you can expect the trading firm to vanish.

Scammed by ACE FX Broker? – Let Us Hear Your Story

If you were scammed by the Ace FX broker, we are very sorry. However, there is still something that you can do. To get your funds back, you must react quickly! Let us know and we’ll take it from there.

We have vast experience dealing with scammers and tracing crypto transactions. Get in touch to book a free consultation, and let’s start.

What Is ACE FX ?

Ace FX is an unlicensed broker that allows you to trade with commodities, shares, indices, and currency pairs.

Is ACE FX a Scam Broker?

Yes. The company is constantly lying about its location and actual owners. On top of that, they are not registered by any regulatory body.

Is ACE FX Available in the United States or UK?

The broker operates in both of these countries without a license.

Does ACE FX Offer a Demo Account?

AceFx is offering demo accounts but that account is not possible to test out.

Trading with ease is something every trader hopes for when signing up for a brokerage platform. Unfortunately, a wide range of questionable online trading portals only sell an illusion of a safe and lucrative trading environment.

Such is the case with the broker that is the subject of today’s Interactive Markets review. In order to stay safe and increase your chances of earning, you should pick a better investment opportunity. 

Unknown Scam Machinery

It is quite common to see numerous untrustworthy websites that try to appeal to their potential victims by posting all sorts of false corporate data. For instance, the Interactive Markets scam claims to operate out of the UK and Switzerland. There are even some alleged company addresses found on the site.

However, the London address is not precise and points to an attractive location for big businesses. There are several companies registered at this address with the UK Companies House, but none has anything to do with the broker we’re reviewing.

Furthermore, the Swiss business register also doesn’t have a company registered under this name. Finally, legal documents on the site mention the firm operates under the laws of the Marshall Islands, which is most likely their true location.

Offshore Broker With a Warning

The regulatory body that oversees the activities of brokerage houses in the Marshall Islands is GLOFSA. However, this is a loose authority that doesn’t require firms to respect advanced security measures and enable fund protection.

In addition, we’ve also found an FCA warning against this entity, which confirms our doubts about their illicit activities. This offshore online trading scheme is most likely aiming to steal your funds and simply disappear.

Focus on Certain Regions

In order to be better at persuasion, con artists prefer working in a limited number of regions. This is a strategy Anders Trading ruse exploits as well, as do many others.

Here is where the Interactive Markets platform has been most active:

• Australia
• Canada
• Italy
• United Kingdom
• United Arab Emirates

Interactive-markets.com is a relatively new fraud, with the site being launched in May 2024.

Features Below Any Criteria

Various fraudulent entities like Fargo Consulting, for instance, often greatly exaggerate the quality of their software. The same is true with the Interactive Markets app, which is a basic Web Trader.

This web-oriented app runs from a browser, which is the only advantage it has over industry leaders like MT5 or cTrader.  The app does not include any demo bar or a barely interactive preview function. It does offer access to a fair amount of trading instruments, however, including indices, stocks, currencies, crypto assets and commodities.

No account types are ever mentioned on the site, and this is intentional. This allows the swindlers to gauge each individual victim’s willingness to pay and adapt accordingly.

Convoluted Info on Costs

As evident from the trading room area, the starting leverage is 1:10 on all instruments and pairs. This is somewhat within the regulatory limits. No further information is available when it comes to this trading parameter or any other trading parameter, like spreads and fees.

Legal documents are extremely vague about the actual costs of services. Some parts of the text mention several types of fees, yet fail to clarify the exact rates. The only number mentioned is the minimum charge from the credit card is $3.00.

In addition, there’s also a dormancy fee of $300, which is charged after 12 months of no trading activity.

Appalling Payout Conditions

Client dashboard includes a hefty and intrusive dialog box containing all of the information the charlatans need to gain access to your credit card. Additional KYC documentation requirements ensure they get all they need to access your bank accounts.

Although the people behind the plot mention bank cards with processing time of up to 14 days, wire transfers, and SWIFT withdrawals, none of these options are available. Dashboard only allows for Interactive Markets crypto wallet transfers.

The Terms and Conditions and Withdrawal Policy are set up in such a way as to deny any withdrawal attempt. Hefty bonuses are thrown around, and to get any sort of payout, you’d have to make a profit 50 times greater than the sum of your deposit and bonus.

Support Is Unreachable

After looking into the quasi-legal documentation presented on the site, it becomes clear that these guys don’t play nice. 

In short, the client holds all liability, and the company is free to change its trading and payment conditions on a whim.

Of course, this is all completely unlawful. The lack of legality, however, won’t stop the help desk from stonewalling their clients, citing one clause or another. It’s not like contacting support is an easy ordeal, with the only options being email and an online form.

Got Scammed? We Can Help!

Taking a more in-depth look at this so-called broker website quickly revealed that we were dealing with professional swindlers. Unfortunately, there aren’t any Interactive Markets reviews that would warn potential victims about this setup. 

This is yet another red flag that you should always watch out for. Reputable companies have a lot of positive ratings and customers don’t shy away from sharing their experiences with the brand.

If you’ve invested any funds with these cybercriminals, don’t hesitate to contact our expert team. We are available 24/7 for your convenience via the live chat, and our first consultation is free of charge.

FAQ

Is Interactive Markets a Reliable Company?

This business is actually a blacklisted entity, which FCA has labeled as fraudulent and untrustworthy!

How Can I Get My Money Back?

Although it may seem impossible at a certain point, fund recovery is very much possible. To find out more about how our chargeback experts can help you, please consult our online chat agents.

Online trading has become a popular way to earn quick cash in today’s fast-paced world. However, many don’t consider how choosing the wrong broker can affect your finances.

Since we want you to enter this field prepared, we’re bringing you a detailed Ico-Assets review. It covers everything, from licenses to tradable assets.

Is Ico-Assets a Regulated Forex and CFD Broker?

You will surely be convinced if you check their main page. The company lists eight different regulations, from Tier 1 to Tier 3. So, let’s go one by one and see if they’re genuine.

The first regulation allegedly belongs to Ico-Assets Ltd, registered in Cyprus, with license number 250/14. However, once you visit the CySEC register, you will discover this is actually a regulation of Plus500CY Ltd, operating as Plus500. The same stands for the FCA license, belonging to Plus500UK Ltd, a UK branch of the same brokerage, as well as Plus500AU Pty Ltd, an Australian unit.

As you can already guess, none of the licenses, including here FMA of New Zealand, FSA Seychelles, CIMA, and South African FSCA, actually belong to Ico-Assets.com. Hence, we can conclude this company tried running on the back of a duly regulated firm, counting that nobody will bother to check through so many databases.

In addition, the firm claims that clients have insurance protection of up to 1,000,000 EUR. However, they don’t say where this insurance comes from since they’re not licensed, and the official regulatory compensation fund doesn’t apply here.

Finally, they added an address in Switzerland, but the name Ico-Assets Ltd cannot be found in the FINMA register or with any other EEA zone authority.

Ico-Assets.com Operations – Countries Of Service

Now that we’re on the same page regarding the brokers’ legitimacy, let’s see where they lurk for clients. Mainly, they advertise their illicit services in the following countries:

• Switzerland,
• France,
• Germany,
• Austria,
• Netherlands.

All of these are EEA countries with firm financial authorities. Since the Ico-Assets scam hasn’t been exposed yet, we hope to change it with our review.

Note that the scheme is quite new, with the domain being registered in the GoDaddy WHOIS database on the 25th of January, 2023. Therefore, your report can help us pressure the regulators and urge them to ban this fraudulent site.

Ico-Assets Software Comparison

The site advertises MT5 WebTrader as available software. However, this is untrue. It’s not a distribution of any MetaTrader terminal, not MT4 and not MT5. Just like with CedarFX, once you register an account, which you must do before any platform access, you’ll be given basic browser-based software.

Scam brokers often abuse the names of good-ranking platforms for their own benefit. They believe that they’ll get you easier onboard if you believe that you’ll get desirable software. However, in most cases, MT5 comes with a Demo account, which is not the case here. Hence, the advert is nothing more than a lure for retail traders such as yourself.

Financial Instruments On Offer

You can activate your account and trade in five asset classes if you’re still interested, which we don’t advise. These are:

• Forex pairs – EUR/USD, USD/HKD, GBP/CAD
• Commodities – gold, silver, natural gas
• Indices – AU200, BE20, FTSE100
• Shares – Amazon, Bank of America, Rolex
• Cryptocurrencies – BTC, BCH, USDT

The brokerage says that crypto CFD trading has been banned for UK customers following the FCA ban from 2021. However, since they’re not actually regulated, we wouldn’t be surprised to see them enabling crypto trading for everyone.

Leverage, Spreads, and Fees

The leverage is not specified, possibly because the company has no license, and they don’t want you to learn that their leverage doesn’t comply with ESMA and ASIC limits. The spread is advertised as 0.5 pips for EUR/USD pair, which is quite solid. However, they can promise even raw spreads, which means nothing knowing Ico-Assets’ regulatory status.

What Account Types Can I Choose?

Here is an overview of the pricey account types you’re offered:

• Bronze – $10,000
• Silver – $25,000
• Gold – $50,000
• Premium – $100,000
• Platinum – $250,000

Each higher account brings in higher leverage, exclusive events, house-managed trades, etc. However, think if it’s really worth giving away $10,000 to an unregulated brokerage.

You should know that legitimate brokers often have Micro accounts, starting at as low as $10. It’s a much more affordable option, not to mention safer.

Ico-Assets Crypto Deposits

Ico-Assets claims to offer its customers a deposit via credit/debit card and bank transfer. However, if you look a bit better, you can find links for Crypto.com, Binance, and Coinbase. All three are crypto exchanges where you can indeed use your card or bank transfer to purchase crypto coins.

Therefore, we have reason to believe that you’ll be instructed to buy crypto, then transfer it to Ico-Assets via wallet. That way, you’re not entitled to a chargeback if something goes wrong. However, don’t despair, as there are methods to track and trace your digital coins.

Is Withdrawal From Ico-Assets.com Even Possible?

According to their page about withdrawals, Ico-Assets offers an automated payment system, making the withdrawal process quick and easy. Allegedly, all you need to do is request a payout to your credit card or via bank and wait up to 5 business days.

However, many negative comments online indicate that you won’t be able to get your money back. In fact, the broker will constantly come up with reasons to delay and reject your request until your trading account is finally closed and you no longer have access to funds.

I Was Scammed by Ico-Assets; What Should I Do?

If you were scammed by Ico-Assets or a similar online trading fraud, don’t hesitate to report it. Our team of chargeback experts and CipherTrace crypto analysts can help you with this matter and assist you in finding a way to track your funds and collect legal evidence.

Book a free, non-obligatory consultation through the form below, and we’ll gladly evaluate your case in detail. It’s time to act!

What Is Ico-Assets.com?

Ico-Assets.com is an unregulated trading broker posing as a legitimate company.

Is Ico-Assets Available in the United States or the UK?

Ico-Assets is available in the UK but doesn’t provide services to US residents.

What is the Minimum Deposit with Ico-Assets Broker?

The brokerage requires a minimum deposit of $10,000, which is extremely pricey.

FXBFI broker is under the ownership of FXBFI Broker Financial Invest Ltd based in Cyprus. As long as they are on the market, they had a license from CySEC. However, recently broker was slapped with a 150.000 EUR fine due to suspicious activities. Another key point is that this group owns a 101Investing trading company as well.

After all, to find out if FXBFI broker is reliable one continue reading this FXBFI review.

Additionally, we strongly advise you to avoid the fraudulent brokers Bitky, 365trading, and 101investing.

Does FXBFI Have a Regulation?

To sum it up, no. Since their foundation in 2016, they were working under a CySEC license. In the meantime, they didn’t get any Tier 1 licenses from authorities like FCA, BaFin or ASIC. Those are the most trusted on European soil. Unfortunately, there is no record of FXBFI broker owning any of those licenses.

Even though, they are licensed by a trusted regulator that doesn’t mean they will be completely honest. In the end, they didn’t get fined without a reason. After all, they lost their license recently.

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

Regulated, but especially Tier 1, brokers provide a higher level of funds security and more transparency. Those brokers can’t afford to make a mistake, because they will be penalized or even lose a license. That’s why traders trust those the most. Moreover, they don’t provide you with insanely high leverage. After all you don’t want your account balance to be wiped off.

FXBFI Available Online Trading Platform

Given that FXBFI provides an MT4 trading platform, we need to give them credit for that. It is one of the most trusted platforms. After its successor MT5, this is a very good option for most traders. It provides a vast of advanced charting and indicator tools. On top of that, trading executions are extremely fast and reliable.

App For Mobile Devices

For the ones that love to trade away from home comfort, they have mobile apps available. MT4 is available for download on any Android or iOS device. Regardless, it doesn’t lose any reliability because it provides all same features as the desktop version. However, some traders prefer MT5 or cTrader due to its advanced features. Some are social and copy trading, algorithmic trading and more.

FXBFI’s Trading Assets and Instruments

Non-surprisingly FXBFI broker offers a wide range of trading instruments. Whether you like volatile assets like cryptos or slow pace investments like in stocks, you have options. Therefore, clients can get access to assets like:

• Forex EUR/SEK, GBP/JPY, USD/AUD
• Commodities platinum, silver, cotton
• Indices DJI, AU200, EU50
• Shares Google, BMW, Coca-Cola
• Cryptocurrencies BTC, BNB, ETH

Considering the leverage of 1:200 we would think twice about choosing some of the volatile options.

FXBFI Service Countries

Checking some FXBFI reviews we couldn’t get information on where the clients are coming from. Looks like they are offering their services worldwide. Despite worldwide coverage, some countries have specific jurisdictions and regulations for trading on FX and CFD markets. Especially after the UK left the EU and now you can’t trade there without an FCA license or TPR.

Must be remembered, that FXBFI was fined already by its regulator CySEC.

What Are The Different FXBFI Account Types?

In general, companies divide their services into certain groups. That way clients are motivated to deposit more money to get better benefits. Even though sounds like a marketing trick it is realistic. However, FXBFI broker doesn’t offer such a division.

The only account they offer is STANDARD ACCOUNT with a minimum deposit of $20.

Free Demo Account

Besides a live trading account, clients can try their luck with a free demo account. That way you are trading with virtual funds on the broker’s platform. We always suggest trying it with real money on a micro account. Important to realize is that you are leaving your personal information to an unknown entity and you might be persuaded to invest more.

What Methods Of Deposit And Withdrawal Does FXBFI Accept?

Since FXBFI broker is regulated, they need to provide trusted payment services. However, a fine by CySEC raises suspicion about this broker. Nevertheless, all methods used for deposits can be used for withdrawals. On the negative side broker charges additional unknown fees for deposits and withdrawals.

Payment Methods Available

In general, all methods are verified. However, some methods are safer because you can get a chargeback if you have any potential issues with a broker. Specifically, we are speaking of card transactions. With FXBFI broker you have the following funding methods:

• Debit/Credit card Visa/Master card
• Wire transfer
• E-payments Skrll, Neteller, Worldpay, Solidpay, eMerchant

Bonus Policy and Promotions

Bonuses are banned according to any Tier 1 or EU regulator. Those are often cheap marketing tricks. However, this broker offers a welcome bonus. Have in mind that you need to reach a certain amount of money on your trading balance to be able to withdraw it. Another key point is a referral program. That way you get credited for bringing more people to the company.

FXBFI Terms & Conditions – What You Need to Know

To point out some negative aspects, this broker charges an inactivity fee of $10 per month. This fee is higher the longer you are not trading. Any other T&Cs are met with any other Tier 1 regulated company. Therefore, you can look for better options on time.

Leverage, Spreads and Fees

As shown above, leverage goes up to 1:300. According to ESMA rules it can go up to 1:30 maximum. In addition to that, spreads are fixed in the value of 2 pips. That is higher than the industry average of 1.5 pips. Moreover, fees for inactivity and withdrawals are disappointing and a deal breaker for us.

What Should I Do If I Have FXBFI Problem?

Firstly, you can share your story with us. Secondly, trying to solve an issue with their regulator might be a good start. However, if that doesn’t help that means you are stuck. That’s where you can get the assistance of our specialized fund recovery team. Contact us today for a free consultation!

What Is FXBFI?

FXBFI is a Cyprus-based trading company that offers services since 2016 worldwide.

Is FXBFI aRegulated Broker?

Not anymore.  They lost their CySEC license. However, they were fined by that same regulator for suspicious activities. Therefore, clients might have potential issues.

Is FXBFI Available in the United States or the UK?

There is no confirmation that they are trading with any clients from mentioned countries. But it’s not excluded.

Does FXBFI Offer a Demo Account?

Yes. On top of that one basic live account, you can try their services first with a demo account.