Bitfinance is a deceptive brand designed to dupe unsuspecting traders and investors into paying for fake plans and crypto exchange options. In the table below, you will see four bogus websites used in this scheme.

One appears on multiple regulatory warning lists, prompting the anonymous crook to shut it down and start with a new one. If you’re dealing with this platform, please read our Bitfinance review and find out how to get your money out of there.

Legal Info: Is Bitfinance Regulated?

The website has provided a certificate of incorporation allegedly issued by the United Kingdom Company House. It says the Bitfinance crypto investment platform is operated by FXBIT TRADING LIMITED.

However, we looked up this entity in the Company House register and found out that it had been dissolved in July 2021. The business kept going despite it, resulting in financial market regulators reacting to its illegal practices.

That same month, the British Columbia Securities Commission (BCSC) issued a warning against the investment fraud. Since this didn’t stop the scammers, another Canadian watchdog sounded the alarm – the Ontario Securities Commission (OSC) on February 1, 2022.

And because the scheme “transferred” its seat to Switzerland, the Swiss Financial Market Supervisory Authority (FINMA) blacklisted it in March 2022. That’s three top authorities against the platform.

We urge you to avoid anonymous imposters like Bitfinance and Titan Wealth 24. Choose reputable companies that are supervised by leading financial authorities like the FCA (UK), CFTC (US), ASIC (Australia), IIROC (Canada), MAS (Singapore), BaFin (Germany), etc.

Who Are Bitfinance’s Targets?

According to WHOIS, the bitfinance.biz website domain – the only active out of the four – was created on June 3, 2022. For some time now, the financial swindlers behind the platform have been targeting primarily traders and investors who reside in the following countries:

• United States;
• United Kingdom;
• Germany.

All these countries have tight financial market regulations and authorities that enforce heavy laws to prevent unauthorized phonies from running their schemes. One common rule stipulates that each market participant must obtain a permit to operate.

As we have already proven, Bitfinance has no such authorization, meaning its whole business is one big hoax created to steal money. Similar shady providers include Blantomic. 

Trader Reviews – Sharing Experiences

Do not get misled by a deceptive Bitfinance Reddit thread prompting readers to invest in a token pre-sale. Such investment opportunities usually turn out to be scams. Instead, read the 22 negative Bitfinance reviews on personal-reviews.com and learn how the platform deceived many users.

We recommend you always check what users say about a certain platform before you risk your money. Negative reviews may just save you from getting defrauded.

Please run a thorough analysis of the company you are interested in to find out if it appears on regulatory warning lists, as was the case here.

How the Investment Scheme Works

Scammers involved in investment schemes typically run duplicitous tactics to exploit unwary traders and investors. A common method is the Ponzi scheme model. In this shady structure, returns to initial investors are funds obtained from newer investors, enabling the fraudsters to create an illusion of profitability.

Such systems inevitably collapse, and the epilogue is the crooks disappearing with the loot and the victims finding themselves in financial ruin.

Upon investigating the crooked website, we stumbled upon a referral program, awfully resembling the above-mentioned pyramid structure. There’s no doubt Bitfinance is up to no good.

Cyber thieves lure in victims by promising unrealistically high returns with minimal risk, leveraging the appeal of quick profits to win over potential victims. They also promote fake or non-existent products, using misinformation and cutthroat marketing strategies to realize their plots. 

Bitfinance investment plans

The virtual con artists are promoting extremely high returns on investments in short periods. The plans look too good to be true because they are implausible. There is no way a platform can generate such insane ROI so quickly. 

As soon as you read a promise like that, know you’re dealing with a swindling website rather than a serious and transparent firm. These investment plans are fake 100%!

Deposit and Withdrawal Process

Bitfinance accepts payments exclusively via cryptocurrencies – Bitcoin, Ethereum, Litecoin, BitcoinCash, and Dogecoin – and e-wallets like PerfectMoney and Payeer. This adds layers to the funding process, which is typical of digital tricksters. Investing in this platform means you won’t be able to withdraw your funds given the fraudster’s cruel intentions.

The reason why scammers prefer crypto payments is that they are extremely hard to trace and reverse, plus allow them to remain anonymous and continue running their schemes.

Reversing cryptocurrency transactions is an intricate process that demands significant effort and advanced software. Professional assistance is essential for tracking the wallet that received the funds. Fortunately, our team of experts is available to help you recover your funds.

Key Facts To Consider About Bitfinance

Let’s conclude our Bit Finance review with a summary of the main points we have outlined – Bitfinance is an investment scheme targeting users from the United States, United Kingdom, and Germany. The plot has been exposed by two Canadian and one European regulator.

Since the platform is out to rob you of your funds, we advise you to stay away. Please do not risk your money here.

In case you have fallen victim to Bitfinance and cannot withdraw your funds, please get in touch with us. We offer professional help to retrieve your funds!

Use the form below to book your free consultation with Scam Brokers Reviews and tell us more about your case. Our team will gladly guide you through the fund recovery process and assist you every step of the way.

Book your free consultation here and start the chargeback process.

FAQ Section

What is Bitfinance?

Bitfinance is a fraudulent investment platform aiming to steal all the funds users deposit and then vanish.

Is Bitfinance Legit?

No, this platform is not a transparent and legally approved provider. There are regulatory warnings against it.

What is CipherTrace?

A software used to trace crypto transactions and help victims recover their funds. We can help you if you have Bitfinance withdrawal issues.

Quantum Code is supposedly a trading system that claims to use advanced algorithms and technology to help you come up with trading strategies and risk assessment mechanisms. We found this bogus website and decided to investigate. Upon clicking the “Learn More” link, the website scrolled to the top. 

So the company website links are broken, the information is scarce, and the website is virtually anonymous, i.e. no company name, ID, address, phone number, etc. Welcome to the Quantum Code Review, in which we shall present our arguments against this platform.

Legal Info: Is QuantumCode Legit or a Scam?

This company is classified as a crypto affiliate campaign, which is a type of business that doesn’t require regulation. That’s precisely why such providers are risky, especially if they are engaged in crypto trading. We know nothing about Quantum Code – no address, company ID, phone number, etc.

We also don’t know anything about the brokers and platforms which this firm is partnered with. Who provides the platform and leverage for trading? More importantly, is that entity licensed to offer services?

Without that information, our verdict is that you shouldn’t be trading on an unregulated platform such as Quantum Code or iTradeFX because you could easily get scammed. 

We also found a warning against a certain Quantum Code platform issued by the Nova Scotia government (novascotia.ca). This warning was issued in 2016 but the this firm website was created in 2021. Whether this is the same platform, we do not know but it still doesn’t do company any favors. 

Instead of trusting anonymous platforms, find a transparent and honest broker with a legit trading license, issued by a renowned financial market regulator such as the FCA (UK), CFTC (US), ASIC (Australia), IIROC (Canada), CySEC (Cyprus), BaFin (Germany), etc.

Who Are Quantum Code’s Targets?

According to godaddy.com/whois, the Quantum Code website domain was created on October 18, 2021. Since then, this crypto platform provider has primarily been interested in offering services to traders in the following countries:

• United Kingdom;
• United States;
• Canada;
• Australia;
• India.

All the major Anglo-Saxon financial hubs are on the list. Each of these jurisdictions has different but strict regulations in force when it comes to the financial market and digital assets such as cryptocurrencies. 

An anonymous provider like this company has no business offering services in these domains, especially not in the US, which is known for heavy crypto regulations.

If you lost money to Quantum Code, please book a free consultation with us. We can help you recover your funds.

Trader Reviews

There are no Quantum Code trustpilot reviews or any other trader reviews for that matter. It basically debunks the claims of some websites that this company has a success rate of over 85%. 

We hopped over to reddit.com and found a revealing article about the Quantum Code scam. Please consider this a warning against the anonymous crypto campaign.

The basic premise of the Quantum Code Scam is the same, with its sole purpose of separating unsuspecting people from their money. The scammers do this by offering “investment” services, but it is actually a more like an offshore laundromat. Once you have signed up for a “Get Rich Quick” or “Make Money” website, you can expect to be bombarded with multiple emails every day…

Reddit user, August 10, 2021.

Trading Platforms Available

Quantum Code claims to be linking up each client that creates an account on the company website with a reputable broker, and using the automated trading features to execute buy and sell orders in the crypto market. 

So there is no Quantum Code software or a quantum code app for mobile devices; the platform must be accessed via a browser. As for the brokers that are supposed to provide the software, we don’t know which brokers this firm is partnered with, which makes the whole thing rather shady.

That is why we don’t recommend you trust this company your money. Be wary and avoid anonymous or unregulated platforms such as FoxicaTrading. 

Available Trading Assets

Quantum Code supports a diverse range of cryptocurrencies that can be traded and here is a quick overview of some of the crypto tokens that are mentioned on Quantum Code’s website:

• Bitcoin (BTC);
• Ethereum (ETH);
• Tether (USDT);
• Litecoin (LTC);
• Ripple (XRP);
• Cardano (ADA); etc.

Having trouble getting your money out? We can help you recover your funds.

Quantum Code Withdrawal Process

Quantum Code offers multiple payment methods for users to deposit funds into their trading accounts. Here are the payment methods mentioned:

• Credit/debit cards;
• Wire transfers;
• PayPal.

It’s important to note that while this company accepts these payment methods, individual brokers and financial institutions may have their own fees, processing times, and requirements for each payment method. The company claims that there are no fees or costs for the platform.

Since the Quantum Code system is unlikely to pay you your funds, you can request a chargeback at your issuing bank in order to reverse MasterCard and VISA transactions within 540 days.

Key Information To Consider About Quantum Code

To summarize the main points, Quantum Code is a virtually anonymous crypto affiliate campaign that has been active since October 2021. This platform has mainly been targeting unsuspecting traders from the United Kingdom, the United States, Canada, Australia, and India.

Our verdict is that Quantum Code is a fraudulent platform, unworthy of your investments. If you fell victim to the Quantum Code scam, please book a free consultation with us. We shall explain to you how the chargeback procedure works and gladly guide you through the whole process. You must act quickly though.

Book your consultation today and start the chargeback process.

FAQ Section

What is Quantum Code?

Quantum Code is an anonymous crypto affiliate campaign that offers proprietary cryptocurrency trading.

Is Quantum Code A Scam Or Legit?

We believe that Quantum Code is a scam, simply because the platform is anonymous and not transparent.

What Are The Available Deposit Options Of Quantum Code?

Quantum Code accepts deposits via credit/debit cards, wire transfers, and PayPal. If you lost money to Quantum Code, we can help you recover your funds.

VoltCoins is a brand, run and operated by a Lithuanian company – Clearcrest Inc. UAB. Registered in Lithuania, with not an overly long history of service, this crypto exchange seems like any other anonymous and hardly trustworthy provider. 

Besides the website, that is not excessively informative or user-friendly, the key clue that leads us to a conclusion of VoltCoins being suspicious are the two public alerts issued against them. Although both of the warnings were issued by Canadian local regulatory authorities and not the main state institution, they still have huge value in our investigation. We’ll link you to both of them soon, so you can read them thoroughly and see what we mean when we say this crypto exchange shouldn’t be any investor’s first choice. 

Keep reading this VoltCoins review and you will see how this website exactly operates and why we see no point in using crypto services provided by unregulated entities.

Legal info: Is VoltCoins Scam or Legit?

Understanding how crypto exchanges work has to start from examining their legal status. VoltCoins is owned by a company that is registered in Lithuania. The website owners have provided the visitors with a way of checking this by publishing their registration number. 

Clearcrest Inc. UAB is indeed legally registered in Lithuania, with the registration number being 306094970 and the physical address at Naugarduko st. 3-401, Vilnius, 03231, Lithuania. You can do a double check, like we did, by searching the commercial register of companies at: https://commercialregister.kompany.com/p/lt/306094970?track=sea_oss_product_regreponly&origin_uri=/commercialregister/en/sea_k01. Or you can simply search the Central Register of Lithuanian conducts: https://www.registrucentras.lt/jar/p_en/. 

To be permitted to engage in the crypto industry in Lithuania, companies need to be regulated by the state authority – the Lithuanian Bank. If you go over to the regulator’s website, and search for Clearcrest or VoltCoins among the market participants and currency exchange operators in particular, you will not find these entities to be regulated by LB.

This has reminded us to proceed with caution, as any crypto investor should too, if they are looking for the right exchange platform to invest with. Unregulated crypto service providers do not implement the necessary security standards, which ensure the safety of deposits and transactions done. 

Illicit exchanges, such as this one, or, for example Atomic Wallet, are not set up in a way to provide the best service, but to earn money off your investments and losses. That’s why they do everything in their power to attract investments and then make the customers lose. 

Still hopeful to find any regulation that VoltCoins could have obtained, we went through major registers, like the ones that FCA, CySEC, BaFin, ASIC and similar regulators keep. VoltCoins shows up nowhere. 

The problems with the VoltCoins regulation do not end at not having a license for crypto trading. As a matter of fact, it looks like this firm offers their services without permission or authorization in a vast number of countries. Just recently, two Canadian regulators have published warnings against them:

• FCNB

• CSA

Countries of Service

 In business for a little over three years, VoltCoins has appeared in many areas. These include Canada, as evident from the warnings, as well as several other countries:

• Spain
• United Kingdom
• Italy

Offering clients services in countries where some of the strictest regulatory bodies operate makes VoltCoins quite brave for taking such actions. EEA is known for harsh regulatory standards revolving around the crypto market, and VoltCoins, by all means, doesn’t seem to follow these rules and directives. Otherwise they’d have a confirmation from any of the Tier 1 regulators overseeing the crypto operations. 

The attractiveness of crypto keeps rising  by the day. Many investors are driven by the thought of huge money moving on a daily basis, through various trades and exchanges. When they decide to give it a shot, the biggest problem they run into is choosing a regulated company. 

The crypto market is still yet to be fully and properly regulated in many countries, so fraudulent companies use these legal loopholes to run illicit trading and exchange platforms. Engaging in such crypto projects almost surely leads to withdrawal problems and clients often need help from a third party to recover their investments.

If you consider yourself to be in need of legal help to resolve a similar situation, you can book a free consultation with our expert recovery team.

Traders Reviews and Comments About VoltCoins

VoltCoins isn’t overly popular among crypto investors. They apparently don’t invest much in their publicity or public image in general. The mediocre looking website witnesses that the company isn’t overly concerned with the impression they leave on potential clients. Not particularly visually attractive, the web presentation doesn’t display a single motive that you’d find strikingly beautiful or worth of attention. 

The TrustPilot profile for VoltCoins has been claimed by the company and so far, it only has 16 reviews. Most of them have rated VoltCoins service as overall average:

They make things EASY. Not so obvious in this ridiculously bureaucratic world. Registration, verification, and all other procedures were all super fast. Just please add more coins!

From time to time I have a login issue. Right now the support team is working on it, but it does take some time… other than this, it is a great platform, very intuitive and snappy.

Trading Fees and Commissions

Doing business with VoltCoins isn’t much of a lucrative endeavor. The registration is swift and free, but the fees are quite high. If you intend to buy Bitcoin, the price at VoltCoins is more than 400 EUR higher than the current BTC to EUR exchange rate. 

Also, depending on your payment method, the processing fee ranges from 26 EUR for bank wire transfers to 30 EUR per transaction via credit cards. Along with the handling fee, you have to pay a blockchain fee of around 3 EUR. Those are the costs for spending 200 EUR, how much is the minimum requirement. If you intend on investing more, which we do not recommend, be ready to pay significantly higher fees. 

VoltCoins Trading Features 

Studying this part of the VoltCoins offer showed us that nothing in particular is deserving of investors’ time and capital. Firstly, we found no sort of platform or exchange software. It could be because we couldn’t verify our profile immediately upon joining, but we were still skeptical because the website itself doesn’t mention any kind of software to be present. 

The next disappointment came from the fact that the website doesn’t offer any customized account types that feature different trading options, tools and prices. Lastly, the number of currencies supported is quite limited, and is yet another aspect of VoltCoins we find to be utterly underwhelming. 

Trading Platforms 

To be completely straightforward, it didn’t seem like VoltCoins had a trading platform of any kind. Buying crypto currency means going through several steps. After depositing money and verifying your profile you can finally place an order. This is what we suspect to be anything even remotely connected to the actual exchange process. 

Since we couldn’t get through the entire process, we can’t verify if any sort of platform could be accessed during order placement. From the website itself we didn’t get any hints about VoltChains having an actual software for processing exchanges.  

Account Types

Any financial service provider nowadays tries to diversify their offer and enrich their portfolio by designing distinctive account types. Sadly, that is not the case with VoltCoins. The already shallow and uninformative website doesn’t provide any additional information about any packages being available. 

Traders aren’t able to choose between specific accounts with different offers, commission, or tools. Not only does this repel potential customers, but it also speaks of how lazy and sloppy VoltCoins leadership is, if they couldn’t at least work on expanding this aspect of their offer.

Available Cryptocurrency

Following the same pattern as described above, VoltCoins doesn’t shine when it comes to available instruments, either. Instead of introducing at least several more types of digital coins, they have resorted to offering just a few of the most popular crypto currencies. 

Just like Gammaron, which is a blacklisted and unregulated exchange, VoltCoins only enables buying and selling of the following tokens:

• Bitcoin
• Litecoin
• Ethereum
• Tether

From the looks of it, VoltCoins could be only luring victims to buy these tokens and then stealing the investments. Nothing proves any actual exchange happens here.  It could be the reason why VoltCoins didn’t invest much in providing more exotic currencies. 

Affiliate Program

Not only can you rely on VoltCoins to throw fake exceptional investment opportunities at you, but you can also expect promises from them to help you grow your business. Because, ultimately, this illicit platform can’t offer much else but empty reassurances of something they do not, in effect, have. 

Website owners, social media influencers, affiliate marketers, and SEO professionals with a strong online presence can partake in the program. After registering and verifying their company profile, representatives of businesses can enter the program and bring VoltCoins more publicity and profit. That is what these campaigns are designed for. You won’t be paid for the promotion of this scheme, and neither will you earn due credit. 

How to Withdraw Crypto with VoltCoins?

Methods of transactions that seem available at VoltCoins are bank wire transfers and credit cards. But that is known to only be available for buying crypto. Because of the absence of the official Withdrawal Policy, we could only speculate about the methods, processing steps and prices involved. When the most crucial aspect of a crypto exchange is so vague and unclear, how can you put any trust in one such firm? 

Nonetheless, VoltCoins proclaims to have the most secure and smoothest transfers in the whole industry. Unfortunately, any sane investor or crypto enthusiast can’t rely on shallow words and alluring promises. Much more is needed to earn a clients’ trust. Evidently, VoltCoins doesn’t excessively care about it. All this website makes sure of is applying exorbitant fees and sounding like any trader’s dream coming true. 

Because of all the reasons mentioned, we expect clients of VoltCoins to have withdrawal issues. That’s why we’re here though. You can always reach out to us and count on your withdrawal being processed surely.

Customer Support

Getting in touch with the VoltCoins support team is not something we’re overly optimistic about. Especially if you’re dealing with issues or technical problems and you need help resolving them. The several phone numbers provided could be randomly generated numbers. The email address also seems generic and fake. 

It is well known that unregulated firms are disturbingly persistent until you deposit and then their phone numbers and emails go silent. Don’t be surprised if the same happens with this one. No regulatory directive obligates them to be transparent and dedicated in their service to clients. 

Conclusion On VoltCoins Exchange 

The fact that they’re blacklisted and not included in any database or regulated market participants raises many questions and doubts about this exchange. We wish we could recommend it to you as an astonishing website that equips you with admirable tools and features where you can grow your wealth and enjoy crypto trading. But the more probable truth is that this illicit exchange is only focused on defrauding victims for their benefit. 

It would be nothing new, or something that our expert team has dealt with already. So do not worry. If you’ve been having problems with taking back your investment or processing payouts, feel free to reach out to us. Do not allow one petty scammer to take a hold of your capital by lies and fraud. You deserve to have back what is rightfully yours. And we can help you with that. Do not forget that the first consultation is always free of charge!

What Is VoltCoins?

VoltCoins is an unregulated exchange with a shallow website, poor offer and several public warnings issued against them by financial authorities. So be at freedom to ask for our help to recover your funds stuck with this fraud.

Is VoltCoins Regulated?

Although their supposed parent company is indeed registered in Lithuania, they do not own an obligatory license for crypto exchanging business.

Are My Funds Safe With VoltCoins?

Because the firm is not regulated by a legal entity, they cannot be considered safe for investments. Better seek legal help if you need it to deal with these shady companies.

Stockswide broker is yet another anonymous company offering trading services. With more and more scams around, we need to be extremely cautious. But more importantly, seek regulated ones. Which provides higher security standards and a more trusted environment.

That’s why in this Stockswide review we present you with all pros and cons of this company.

Stockswide Is Not a Trustworthy Broker?

Stockswide trading company doesn’t reveal their headquarters country. But through T&Cs we discovered that all legal actions should be taken through the courts of St. Vincent and Grenadines. With this in mind, it’s not surprising that this broker doesn’t reveal the license number either. The FSA of SVG doesn’t provide trading licenses anymore. Mostly due to many scam companies that are registered there.

Additionally, Stockswide broker doesn’t have any other Tier 1 regulation. To mention some, FCA, BaFin or ASIC. None of them have issued any licenses to this company. So, now we already have one reason to think that traders will only get scammed.

Non-regulated offshore broker. Stockswide company doesn’t reveal ownership or office information. Shady and untrusted trading platform. Non-transparent trading conditions. No demo accounts are available.

The Opinions of Traders On about Stockswide

As the company registered in 2022, we can’t expect many reviews. But those available on Trustpilot are not good. Out of 3 reviews, already one claims that this is a total scam.

Trader complained about non-existent fees and non-approved withdrawals.

Trading Platform and Other Apps on Stockswide

As for the trading platform, we can see another discrepancy. What Stockswide broker advertises is Meta Trader 4. Which is the leading third-party trading software. Traders can use many different options. But main advantages are advanced EAs and copy trading.

Thus, Stockswide was misleading traders. Upon registration, we could only see a basic web-based platform. All these features that MT4 offers are missing here. Additionally, you can’t trust a shady broker with a shady platform. Primarily due to the potential manipulation of market data. After all, there is no mobile app available. Which makes this platform even less desirable.

What Financial Instruments Does The Platform Include?

On the contrary, the only thing they advertise and deliver are trading instruments. There are all 5 major categories available. You can choose from:

• Shares                      Amazon, Netflix, Deutsche Bank
• Indices                      FTSE 100, Dow Jones, CAC 40
• Commodities            Natural gas, Brent crude oil, silver
• Forex                        GBP/USD, JPY/HKD, SGD/AUD
• Cryptocurrencies       ADA, SOL, XRM

Important to realize is that traders don’t have trading protection. For instance, guaranteed stop loss and negative balance protection.

Stockswide Countries Of Service

These offshore companies tend to scam anyone they can. Mostly they are avoiding countries like US or Japan, but everyone else could be their target.

Our research team found some of their main victims. They are mostly scamming traders from:

• United Kingdom
• Netherlands
• Belgium
• Norway
• Sweden

Stockswide List of Account Types   

With Stocskwide scam broker, you can find 4 regular account types and 3 managed ones. So, you can choose if you want to lose money yourself or if someone else will lose it for you.

But anyway all your deposits go straight to their pockets. Besides, managed accounts should have a licensed broker. Which they don’t, so it brings maximum risk. Anyway, your options are:

• Explorer        $500
• Basic            $2.500
• Silver            $10.000
• Gold             $50.000
• Managed      $75.000 / $150.000 / $250.000

Can a Trader Use a Demo Account?

Any experienced trader looks first for a demo account. This way you can discover if the broker is misleading you. And that’s exactly why the Stockswide investment scam doesn’t have this option.

Not only do they lack a demo, but also micro-accounts. So, the only way to test them out is by risking $500. Instead, you can find a Tier 1 regulated broker. Which offers accounts starting at $10.

Terms of Service for Stockswide

The broker minimum deposit requirement is actually $250. So, they are lowering standards just to get traders on board. As for funding methods, traders have:

• Credit/Debit cards
• Wire transfers

The company claims not to have any fees for deposits. But for withdrawals, it remains unknown.

Leverage, Spreads and Fees

Stockswide trading company didn’t bother revealing their trading conditions. Leverage is unknown, but most probably because it’s too high. They don’t want to demotivate traders with the insane risk of losing money. Besides that, you don’t even know what spreads you will get. Which is all a sign of a scam broker. Because all legitimate brokers make money on spreads and commissions.

Another discrepancy is the fees. The broker doesn’t discover any fees, except for the reactivation of the account. Which will cost you a shamelessly high amount of $2.000.

Stockswide Bonus Program Rules

The main reason why traders often get scammed is the bonus policy. In fact, they accept some funds as a welcome bonus offer. Yet, to withdraw those profits you must fulfill certain requirements.

But those requirements are visible only in the bonus policy. So, traders must maintain a 25x bigger trading volume of the bonus amount + deposit.  Which is mostly impossible to reach. So, when you request a withdrawal they can reject it.

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

This company doesn’t have any regulations. Therefore, nobody monitors their activities. The only way that we present this case to authorities is through reviews. If this broker stole your money, share your story with us. At least other traders can get a warning of this investment scam.

On the other hand, we believe that your money is most important to you. So, you have here a solution to recover it through a chargeback process. But more importantly, our expert team is there to assist you.

What Is the Chargeback Procedure?

Chargeback is filed mostly by a cardholder. But also merchants can do that instead of you. Such requests are available only if on the account is performed fraudulent activity. In the last 540 days upon transaction. So, don’t waste time and let these guys get away with it. Book your first free consultation already today.

What Is Stockswide?

Stockswide is an offshore trading company that provides trading services since 2022.

Is Stockswide a Scam Broker?

Yes. They are not licensed and there are already negative reviews against this broker.

Is Stockswide Available in the United States or the UK?

This company allows traders from the UK to trade with them, but not US traders.

Does Stockswide Offer a Demo Account?

No. Stockswide broker doesn’t have the risk-free option, but only live accounts are available.

Do you find this crypto exchange a bit dubious and strange? We sure did, which is why we decided to investigate it and present our findings in our Komslex.com Review.

Be sure to read our analysis in order to learn why the platform is not reliable at all and why you should do your best to avoid it. Also, we shall show you the steps to identifying online trading scams.

Legal Info: Is Komslex.com Regulated?

Komslex.com claims to be headquartered in Australia, which is a lie. The exchange doesn’t exist anywhere except on its own website, implying that it is not registered with the Australian Securities and Investment Commission (ASIC) and thus unlicensed.

Reading the legal documentation on the website, we concluded that the entire text is misleading with no concrete and relevant information. Such shenanigans are typical of fraudulent providers such as SPmarket24.

Trading on an unregulated crypto exchange is extremely risky. Recovering funds from such schemes can be a terrible nightmare, which is why you avoid Komslex.com and instead find a legitimate platform. 

Why Financial Market Regulations Matter

We recommend you trade firms that are licensed to operate under the jurisdiction of top-tier financial market authorities such as the FCA (UK), CFTC & NFA (US), ASIC (Australia), IIROC (Canada), MAS (Singapore), CySEC (Cyprus), etc. 

European regulators, for instance, require firms engaged in financial market trading to compensate their clients in case of insolvency or suspicious losses. Traders can receive up to 20,000 EUR from these compensation schemes.  

Who Are Komslex.com’s Targets?

According to godaddy.com/whois, the komslex.com website domain was created on September 12, 2023. Since then, the illicit exchange has been targeting mainly unwary traders who reside in the following countries:

• Netherlands;
• Italy;
• France;
• Germany;
• Romania.

All of these states are EU members and thus enforce common financial market regulations of the European Securities and Markets Authority (ESMA). One of the rules says that a provider must be licensed to provide services in the European Economic Area.

Needless to say, Komslex.com has no authorization to offer services in these domains. The regulations in force in these countries do not permit it. Should you choose to invest money in this platform, you cannot count on regulatory help or compensation.

There are no trader reviews so it comes as no surprise that webparanoid.com has given Komslex.com a pretty low trust score, adding that the firm’s website has poor traffic.  

Which Trading Platform Is Available?

The only available trading platform is web-based, featuring all the popular cryptocurrencies that can be traded against US Tether, Bitcoin, or Ethereum. Also, the exchange promises spot trading but the website prevented us from accessing that page unless we open a live account. 

Trading volatile assets such as cryptocurrencies is extremely risky per se, which is why you should not trust an unregulated exchange that lacks credentials.

Novices may find the online trading terminal easy to comprehend but seasoned traders won’t benefit from simple charts and graphs. Komslex.com, just like the shady ProfiStocks broker, does not support proper third-party software such as MT4 or MT5. 

Fee Structure

The outlined fee structure is based on the trader’s 30-day trade volume, with both maker and taker fees decreasing as trading volume increases. 

Additionally, the website promises cashback incentives, with cashback percentages also varying depending on the trading volume level. This fee structure has been designed to reward higher-volume traders with lower fees but we wouldn’t trust it given the exchange’s dubious legal status.

The deposit fee for Bitcoin is 0.00007 BTC (or the equivalent value of any other cryptocurrency), which is around 1.87 USD, while the withdrawal fee is 

0.00019 BTC (around 5 USD). 

Referral Program

Komslex.com outlined a referral program that offers traders enticing rewards and commissions for each new member they bring in. 

According to the website, a trader can receive 40% of the amount of fees paid by the referred person. Additionally, his own trade commission on the exchange will be 0.1%. The whole scheme is presented as a way for the exchange to incentivize users to bring new members to their platform and as a source of passive income. 

However, this is nothing but a Ponzi scheme, an investment fraud system that pays existing investors with funds collected from new investors. Do not drag your friends and family into this scam.

Deposit and Withdrawal Process

The cyber con artist says that crypto can be bought on this exchange using credit/debit cards and bank transfers. So, is there any possible solution to getting the deposited funds back from Komslex.com?

Yes. Since the exchange is unlikely to allow you to withdraw any funds, you must request a chargeback in case you deposited via MasterCard and VISA credit/debit cards or a recall if you paid through a wire. 

You can do so at your issuing bank within 540 days but it is best you seek out professional help. Luckily for you, we specialize in various fund recovery methods so please don’t hesitate to book a consultation with us.

Key Information To Consider About Komslex.com

To sum up our review, Komslex.com is an unregulated crypto exchange that has been active since last month, mainly targeting unsuspecting traders from the Netherlands, Italy, France, Germany, and Romania.

This bogus website has attempted to provide crypto trading services despite lacking the necessary regulatory license but low trust scores, no trader reviews, and the lack of popular trading software further helped us expose the scheme.

Komslex.com is nothing but a hoax designed to steal people’s money. We urge traders to report it to the authorities, i.e. ASIC. It is important to warn fellow traders about it as well.

If you have lost money to the Komslex.com scam and cannot retrieve it on your own, we offer our professional services and assistance. Book your free consultation with Scam Brokers Reviews today!

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

FAQ Section

What Is Komslex.com?

Komslex.com is a crypto exchange scam designed to defraud traders and steal their money.

Is Komslex.com A Scam?

Without a doubt. Komslex.com is an unregulated platform that shamelessly claims to operate under ASIC.

How to Make a Withdrawal on the Komslex.com Exchange?

This exchange won’t allow you to withdraw funds. In that case, you should book a consultation with us.

Whenever you are about to start your trading journey with a broker, several facts can affect your decision greatly. From how transparent the brokerage is, how well regulated their conduct is and just how attractive the trading conditions they offer are. Well, let us tell you right off the bat – CapitalsWise displays a distressing lack in all of the mentioned aspects. 

In contrast to the idea of supposedly providing clients with superior services and support, CapitalsWise, in essence, doesn’t care about their customers. Run by an unnamed company and following suspicious business ethics, this broker isn’t regulated or known for their kindness to traders. 

So what are the exact risks you take when you sign up for an account at CapitalsWise.com? Also, you’re probably wondering how protected you are… if you’re protected at all. Read all about it in our CapitalsWise review ahead.

How is CapitalsWise Regulated?

CapitalsWise has made a terrible mistake by claiming to be registered in the UK. This country’s financial world is governed by the FCA rules, which are one of the strictest in the world. FCA – Financial Conduct Authority is ruthless when it comes to licensing brokers and supervising their activities. The regulator also keeps a continually updated database of regulated brokers and you can check for yourself and see that CapitalsWise is not in there. 

There’s no other way to operate legally in the UK except by being authorized by FCA. CapitalsWise clearly isn’t so we tried with several other regulators, like CySEC, ASIC, BaFin, CONSOB and CNMV. Unfortunately, the results were the same, just like with FCA. At this point, we’re confident that CapitalsWise doesn’t have an obligatory Tier 1 license. 

Whatever company is behind CapitalsWise, they do not provide the mandatory standard of safety. First in the line are segregated bank accounts for clients’ deposits. CapitalsWise prefers to keep all investments on a joint bank account so they can access and abuse the capital invested by their users. 

Next red flag is the lack of transparency. The CapitalsWise clientele doesn’t get detailed info about the general trading conditions, such as leverage, fees, swaps, and funding methods. The leverage in the heavily regulated areas is limited to 1:30 or 1:50 most, while CapitalsWise doesn’t even reveal theirs. Unscrupulous brokers also do not provide negative balance protection or compensation funds, which is yet another way of pushing clients into loss. 

Now that we’re certain that CapitalsWise is not regulated, all we can recommend to you is to absolutely stay away. No matter how persistent their agents may be or how attractive their offer sounds. Anything you’ll ever come by at CapitalsWise is a loss. 

Who are CapitalsWise’s victims?

CapitalsWise hasn’t been operational for a full year yet. Despite the short history of conduct, they have still managed to defraud a disturbing number of traders. Most of the victims of their scam come from the following countries:

• Canada
• United Kingdom
• Netherlands

Do not be afraid to speak up if you reside in any of the mentioned states and were defrauded by this broker. We’re well aware how friendly and nice they were to you until they robbed you. As all boiler room agents do, CapitalsWise officials tend to be the sweetest and nicest people you’ve ever met. Do not forget this is just a facade, though.

While working their way to your pocket, scam agents will offer you all the things you’re looking for and make you believe only they can provide them. Best trading conditions on the market, most reliable software, most competitive fees, bonuses and quick withdrawals. Swindlers will promise you all that and more. 

During the process, they might even trick you into installing some remote control software – AnyDesk and/or Teamviewer. Careful with those, as scammers look for an easy way to access your sensitive info and perform an identity theft! 

Traders Reviews and Complaints

This is the interesting part where we can see another scam technique at display. In order to fakely boost their reputation, CapitalsWise uses paid reviews. Obviously, the fraudulent company tries to mask their real goal. CapitalsWise does so by attempting to build an unrealistic image of themselves. Swindlers achieve that by paying reviewers to leave positive comments or simply by using bots that do so instead. There are many ways, yet the final goal is the same: deceive as many investors as possible. 

 With only 16 reviews in total on TrustPilot and not nearly genuine-sounding comments, we do not believe any of the ratings are true or credible. Beware of such things that push traders into investments. If you’re uncertain, check with your jurisdictional regulator or contact us for more info on a broker. 

Fees and Commissions

Unregulated brokers are known to offer very low pricing and incredibly favorable trading conditions, only to slam you with insane fees and charges when you try to withdraw. Unlike regulated brokers which earn their income through micropayments like spreads and swap, these swindlers simply rob you.

CapitalsWise make their Terms and Conditions purposely vague, and don’t outline the withdrawal fees. This way they can charge extremely large amounts of money for things like currency conversion and such. That way, even if they do approve your withdrawal you never recover your initial deposit.

Are There Any Bonuses Available?

CapitalsWise do not offer any bonuses to their clients. Not overtly, anyway. This goes hand in hand with their allegations that they are based in the UK, which does not allow bonuses. Don’t let this fool you into believing this is even remotely close to fair play. These predators will pounce when you least expect it.

CapitalsWise Features and Trading Conditions

This broker is about as transparent as a lump of coal. CapitalsWise.Com is quite lacking in the information department. You can see how the scam unfolds from here – keep the victims guessing until it’s too late. Bingsaub is an unscrupulous broker that does this as well, so we’ve reviewed them too, if you’re interested in finding out more.

When we compare this to how regulated brokers operate, the difference is obvious. The transparent and well defined trading conditions are not just business courtesy but a necessity.

Available Trading Platform 

CapitalsWise only offers the most basic Web Trader to their clients. This web oriented application does not require any downloads or an installation, it can be run directly from your Browser.

Scammers don’t use it because of how practical we find it, but because of how easy it is for them to manipulate the market information. They will deliberately change the market positions and make you lose the money you invested sooner than you can blink an eye. Handelex is another fraudulent company we reviewed which uses the same strategy.

Security should be your main concern when selecting a broker. We remind our readers to always double-check the broker regulation first, and the availability of industry standard software, such as MT4, MT5 or cTrader second.

Is there a Mobile Trading App?

There is no discreet Mobile Trading App available at CapitalsWise.Com. You could say that it’s because the Web Trader they use can be accessed through any Web Browser found on any Mobile Device… But the reality is that these swindlers don’t want to implement a safe trading solution. You don’t need top-of-the-line software to steal from people anyway.

Choice Of Trading Accounts

When it comes to Trading Accounts at CapitalsWise, we can firmly say that they follow the unofficial Scam Broker rulebook. As you’d expect, the accounts are tiered, and the cheapest one costs $10 000 ! One additional difficulty for traders is that you can’t simply create an account and login to the CapitalsWise.Com trading application. You need to contact the broker via email first.

Here is how much CapitalsWise accounts cost:

• Silver – $10 000
• Gold – $50 000
• Platinum – $100 000
• VIP Club – $250 000

Is There a Risk-Free Demo Account?

Although CapitalsWise mentioned a Demo account on their website, we couldn’t find one among the account selection. The lack of this all-important tool is always a bad sign. Novices should always use a Demo account to learn in a risk free environment. More seasoned traders find it instrumental for testing new investment strategies.

CapitalsWise Trading Assets

Not much can be said about the Trading Instruments that CapitalsWise offer. The website has simple descriptions on what Trading Instruments are, but fails to mention which assets are available for trade.

With no Trading Account and access to the Web Trader, we could only guess what’s on offer.

Here is what little we could find out about the instruments at CapitalsWise:

• Forex – EUR/USD, USD/GBP, USD/JPY
• Cryptocurrencies – Bitcoin, Ethereum, Dash
• Indices – FTSE, S&P 100, S&P 1200
• CFDs on Commodities – Gold, Natural Gas, Uranium, Cocoa, Wheat, Livestock

Regulated brokers usually advertise in great detail which Instruments they offer. This is one of the most important facets of trade, and every retailer has their own preference.

Is Profit Withdrawal Possible?

Illicit brokers like CapitalsWise should not be trusted with your funds. We can tell you right away that you can dismiss any profits as another lure to make you deposit more money. That said, we have heard from many people that complain about the poor payout policy at CapitalsWise.

With no clear Terms and Conditions, the swindlers will invent any reason to block your withdrawal attempt. In the end, withdrawing from CapitalsWise.Com can prove quite difficult without legal assistance.

Customer Support

CapitalsWise.Com support is allegedly available through a professional customer service team 24/5. We seriously doubt this. There is no live chat on the website, and the only means of contacting anyone from the company is through email contact form. A phone number is given, but it’s a dead number to which nobody answers.

Key Information To Consider About CapitalsWise 

Swindling traders and snatching their deposits right in front of them seems to be the main expertise of CapitalsWise. The unregulated and fully anonymous brokerages, such as this one, are a growing threat to every single retail trader. 

However, there’s always an opposing side to every maliciousness. We’ve been successfully fighting scam and recovering funds for a long time. Our team of legal experts has what it takes to bring down the cyber thief and secure your investment that was originally stolen from you. 

So, do not hesitate to get in touch. The first consultation is always free, while it provides useful info on how to act further. Do not wait – the longer you sit around despairing, the slimmer your chances to get back what you lost!

Is CapitalsWise A Scam Broker?

Yes, this anonymous firm is a scammer because they defraud customers, are not regulated and use malicious techniques of sorts. If you happen to be their victim, contact us promptly.

Does CapitalsWise Offer a Demo Account?

Opening any kind of account with this broker is impossible until you first submit a request for it. Since they do not mention any kind of Demo account of the site, we believe it is not available at all.

Does CapitalsWise Have a Mobile Trading App?

No, CapitalsWise supposedly only offers a webtrader, but without access to it, we couldn’t verify if even that exists.

If a company transparently claims it operates offshore, there’s no reason to hide its legal entity details. Yet, that’s not the logic of the management of this trading firm. Therefore, we are off to a bad start.

Luckily, reading this detailed AssetivaX review can keep your funds away from such companies. But the most important tips can be found at the end of it. Also, it’s worth checking our unbiased ByteBit and Sol Markets reviews for more useful trading advice.

Legal info: Is AssetivaX Legit or a Scam?

With a very low number of AssetivaX reviews, most likely the company was recently registered. Thus, the exact foundation date is hidden. Nevertheless, with headquarters in Saint Vincent and Grenadines, you can only expect problems with this firm. Unless they are regulated by top-tier authorities like FCA, BaFin, CFTC, or similar.

Frankly, even at first glance, you can realize they don’t have any. But we did the research anyway. And voila, we found only multiple warnings instead of licenses. Worst of all is that all these warnings come from top-notch regulators. Such as Italian CONSOB, Spanish CNMV, and Belgian FSMA. If you wanted a clue if you can trust this firm or not, you’ve got it.

Who are AssetivaX’s Victims?

Scam trading firms usually target narrow areas where they can reach wealthy traders. Sadly, those countries are quite often similar to many other firms. In this case, those are: 

• United States
• United Kingdom
• Canada

Of course, none of these have ever authorized AssetivaX broker to offer services to their citizens. Therefore, if you feel like this firm tricked you somehow, book a free consultation with our experts already today.

Traders Reviews

Before you sign up for an AssetivaX account, make sure to check their reviews on Trustpilot. As can be seen, 5 out of 5 comments include some complaints. Even though these are in Danish, once you translate them you realize what’s going on. Fairly, only problems.

A simple trick to avoid such issues is to choose tier-1 licensed firms. Thus, we all get attracted by quick money schemes sometimes. There’s nothing bad in it. After all, once it might work. Meanwhile, you’ll be throwing money away with scam firms. If that’s your destiny, feel free to reach us anytime for refund assistance.

Leverage, Commissions, Spreads, Fees and Taxes

One of the most questionable details is that before using AssetivaX login credentials, you won’t know any leverage details. Apparently, the company adheres to the regulatory standards of the traders’ local authority. Thus, without regulations, you can trust such a statement.

Even if that’s true, the company’s trading costs will rip you off. With hidden swaps, commissions, and other fees, you can’t expect anything good. And a good hint for that is the spread of 1.1 pips in their best offer.

Bonuses

Just briefly in the client agreement, traders can find some clues if bonuses are possible or not. In any case, one way to find out if is AssetivaX legit is if they offer you bonuses. If they do, be sure they are not. However, this information is more useful if you are researching a broker that’s not on a warning list.

AssetivaX Trading Features

With suspicious trading platforms, hidden trading conditions, and speculative security measures, you can’t expect much from this firm. To be fair, the company doesn’t seem to offer any advanced options. Such as EAs, copy trading, or AI features. Even the basic features will be questionable once you realize what platform they offer.

Trading Platforms Available

Instead of trusted third-party options, with this broker traders can only use proprietary web traders. Comparing it to cTrader or MetaTrader would be such a shame.

Even if this web trader includes all possible features of this world, without a license, you can only expect one thing. It’s to be manipulated. In any case, you can expect a wide range of indicators, analytical tools, and other basic features. Nothing worth risking your money.

Available Trading Assets

Another suspicious detail with this broker is its instruments offer. The firm briefly mentions what instrument classes they offer. However, the number of instruments or transparent presentation is lacking. But most likely you can expect popular options like: 

• Forex – USD/JPY, USD/CHF
• Commodities – gold, crude oil
• Indices – FTSE100, DAX30
• Stocks – Amazon, Netflix

Account Types

The worst issue of all among missing licenses is the hidden deposit requirement for all accounts. There are four options including different fictional benefits and yet, they don’t reveal what they expect from you. Seems like a teasing game that should lure you into registration so they can harass you over the phone. One way or another, your options are:

• Active retail
• Professional trader
• VIP
• Corporate

Mobile Trading App

According to the company’s presentation, there is an AssetivaX mobile app available. However, not in trusted PlayStore or AppStore. It’s not even available for download on the company’s website. Therefore, it’s highly probable it doesn’t even exist. Instead, they will offer you a potentially poorly optimized web trader.

Demo Account

Similarly to all other fictive features of this firm, demo accounts are also speculative. Whether these exist or not, it’s just bait to extort your contact details. Nothing more. For safe demo trading, opt for top-tier licensed firms.

Education

When it comes to trading education you should never rely on unregulated brokers there. In most cases, they don’t teach you properly. But to make it even worse, this company offers just basic answers to trading questions. For more advanced options, you have to reach out to licensed firms again.

AssetivaX Withdrawal

Generally, traders can expect mainly issues with the AssetivaX withdrawal procedure. Firstly, because the company has the right to charge traders with fees for whatever they want. Starting with so-called “abuse”, withdrawing without trading, etc. Secondly, because of hidden fees, processing time, and methods.

All these details combined make all traders vulnerable. Therefore, you better prepare yourself for the refund process properly.

Customer Support

On top of all the problems, the company also offers disastrous customer support. With hidden operating hours and only e-mail available, we can hardly expect any assistance from this firm. You might get assistance from encrypted platforms, but only while you are an active trader. Fairly, not too convenient for any experienced trader.

Key Information To Consider About AssetivaX?

Issues that you can expect here can be counted forever. In the first place, there are missing regulations, multiple warnings, shady trading platforms, hidden fees, etc. But you realize there are much more problems.

Therefore, if you got stuck with an AssetivaX scam broker we suggest you do only one thing – apply for a refund immediately. If you don’t know where to start, book a free first consultation with our refund consultants today.

FAQ Section

What is AssetivaX?

AssetivaX is an offshore brokerage operating with absolute anonymity with hidden trading conditions and legitimate contact options.

Is AssetivaX Legit?

No. AssetivaX broker is not licensed anywhere and on top of that they are on a warning list of FSMA, CNMV, and CONSOB.

How to Recover Money I Invested With AssetivaX Broker?

Whatever you try with this scam broker, you won’t get your withdrawal regularly. Instead, we suggest you reach us for chargeback advice right away.

Beapay purports to be a legitimate investment opportunity with solid plans promising considerable returns and profits. In reality, it’s an anonymous website looking to rob unwary investors of their funds.

Just look at it – it appears horrendous, all fumbled and messy. A shady firm dealing with money lacks vital documents such as legal statements, contact info, a license, and transparency. Keep reading our Beapay review to learn the truth about this platform and how to recover your funds.  

Legal Info: Is Beapay Regulated?

To reiterate, this bogus website failed to provide legal documentation, contact info, phone number, email, physical address, etc. There is no evidence that it’s a legitimate legal entity operating under a specific jurisdiction. As things stand, it’s nothing more than an anonymous website.

We did some more research but are still waiting to receive the results. This platform is a relatively fresh investment scheme promoting digital assets. It is not a transparent financial provider, so we urge you to avoid using Beapay crypto plans.

Ignore anonymous imposters sending you unsolicited offers. Instead, opt for reputable companies that are supervised by leading financial authorities like the FCA (UK), CFTC (US), ASIC (Australia), IIROC (Canada), MAS (Singapore), BaFin (Germany), etc.

Who Are Beapay’s Targets?

WHOIS states the beapay.com website domain was created on November 4, 2022. Since then, the financial swindlers behind the platform have been targeting primarily unsuspecting traders and investors who reside in the following countries:

• United States;
• Spain
• Cameron
• Algeria

All these countries have financial market regulations in force to prevent illicit entities like Loyal Primus from entering their markets; some, such as the U.S., are tighter and more demanding. Imagine the procedures for firms seeking to operate in the financial sector in the world’s largest financial hub.

One common rule in all these jurisdictions stipulates that each market participant must obtain a permit to operate. As mentioned, Beapay has no authorization, meaning its whole modus operandi can be summed up as monkey business. 

Trader Reviews – Sharing Experiences

When it comes to Beapay reviews, we found scarce comments on scamadviser.com. You’ll notice that the positive ones were written by the same user. Others accuse the platform of fraudulent practices and caution against Beapay investing. 

An evaluation check of the website on scam-detector.com showed a disturbingly low trust index of 6.5%, while webparanoid.com says the site has poor traffic and risky content.   

We recommend you always check what individuals say about a particular platform before investing your money. Negative reviews may save you from getting scammed by the likes of QxBroker. Make sure the company you are interested in doesn’t appear on regulatory warning lists.

How the Investment Scheme Works

Digital scammers running investment scams love using dirty tactics to rip off traders and investors. For example, Beapay investment plans are a total scam riding on the popularity of quick profits to sucker in potential victims.

One of the classic moves these fraudsters make is using the Ponzi scheme model. In this shady setup, the early investors get paid using money from recruits, making it seem legitimate and profitable.

But these operations eventually collapse, with the scammers disappearing with the cash while leaving the poor users duped in financial havoc. If a company seems too focused on recruiting new members, it’s running a Ponzi.

Online crooks dangle the promise of crazy high returns with little risk to tempt greedy folks chasing a get-rich-quick dream. They promote fake or imaginary products and services, using slick marketing to pull off their shady schemes.

Beapay Plans

Cyber tricksters promote plans that promise significantly high returns on investments (ROI) in short periods. The plans outlined on the website are simply implausible. No company with no track record can generate such insane ROI so quickly and guarantee clients they will profit in advance. 

As soon as you stumble upon promises like that, know you are communicating with a dodger rather than a serious, honest, and transparent firm. There is no doubt that these plans are fake. If you buy them, you’ll experience Beapay login issues.

Deposit and Withdrawal Process

The website doesn’t state how users should fund a Beapay account. Nevertheless, the three standard payment methods include credit/debit cards, wires, and cryptocurrencies. If you notice Beapay withdrawal issues, consider one of the following refund methods:

• Chargeback – If you deposited funds via MasterCard or VISA credit/debit cards, you can request a chargeback at the issuing bank within 540 days and reverse the transaction. 
• Recall – Wires can be reversed via a recall, but this action can only work for transactions that have yet to be completed.
• CipherTrace – Scammers prefer crypto payments because they are extremely hard to trace and reverse, allowing them to remain anonymous and continue running their schemes. Reversing cryptocurrency transactions demands professional effort and advanced software. 

Fortunately, our team of experts is available to help you recover your funds using any method that is required. Contact us using the form at the bottom.

Key Facts To Consider About Beapay

We shall summarize our review with the main points outlined – Beapay is an investment scam targeting U.S., Spain, Algeria, and Cameron users. This duplicitous website does not belong to a real company; it’s a hoax designed to fool investors.

Since the platform is out to rob you of your funds, we advise you to stay away. Please do not risk your money here. If you have fallen victim to the Beapay scam and cannot withdraw your funds, please contact us. We offer professional help to retrieve your funds!

Use the form below to book your free consultation with Scam Brokers Reviews and tell us more about your case. Our team will gladly guide you through the fund recovery process and assist you every step of the way.

Book your free consultation here and start the chargeback process.

FAQ Section

What is Beapay?

It is an anonymous website offering illegal investment services. It is not a legitimate company.

Is Beapay Legit?

No, this platform is nowhere near being a legitimate entity. Please refrain from sending them money.

Is Beapay Token Worth It?

No, the token is part of the scheme. It has no value, so please do not buy or invest.

Have you grown tired of fake advertisements, false pretenses, and dubious offers? We know we have. Thus, putting an end to it must be done one step at a time. Enter the Vexxsel Review. Here, we’ll be discussing the fraudulent activities of this scammer and outlining the dangers arising from trusting the con artists with your funds. Enjoy!

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

Is Vexxsel Broker Licensed By The Financial Regulator?

Not at all. First of all, we tried to find out more about this Rever LTD which allegedly operates Vexxsel. The only entity we found by that name is one from Hong Kong that manufactures electronic components. Red flag number one.

Moving on. Vexxsel also claims to be licensed by the US Securities and Exchange Commission (SEC). However, the broker offers CFD trading but that is banned in the United States by SEC. Thus, it is impossible for this anonymous fraudster to legitimately operate in the US, so the FINRA license is also a lie.

For brokers to provide services in the States, they have to be registered with both the National Futures Association (NFA) and the Commodity Futures Trading Commission (CFTC). Vexxsel is not.

As for the address in Singapore, we assumed that one was fake as well, and bullseye! Got it right. The Monetary Authority of Singapore (MAS) does not have Vexxsel in its database.

Why It Is Better Not to Choose An Unlicensed Broker

The most well-known regulators in the world require brokers to fulfill extremely demanding conditions in order to obtain a license. For example, in the US, providers must have a minimum operating capital of 20,000,000 $ and segregate clients’ funds.

In the UK, on the other hand, brokers need to have 730,000 GBP to operate but also a compensation scheme worth 85,000 GBP and negative balance protection. Vexxsel meets none of those demands, thus trading with this shady broker is extremely risky. 

So Is Vexxsel a Decent Broker or a Scam?

Vexxsel is a fake and anonymous scam broker that lied about being licensed in the United States. The scammer mainly targets unsuspecting traders from Switzerland, Sweden, Italy, Luxembourg and the Netherlands.

Warnings From Financial Regulators

Do you know what’s even more dangerous? Trading with a broker that has been blacklisted. Yup, that’s our little Vexxsel. Not one, but four European regulators have issued a warning against the fraudster. Namely, the Spanish CNMV, Dutch AMF, Swedish FI, and Belgium FSMA.

Vexxsel Software – Platform Tools

We got to see Vexxsel’s trading platform and weren’t very impressed. After all, it’s hard to be amazed by a simple WebTrader. That’s right, the phony broker offers a basic browser-based platform that only has simple charts, indicators, and a calendar.

Given Vexxsel’s illicit status, we believe that this WebTrader is rigged to show fake trading. Its purpose is to deceive you so that you invest funds.           

Vexxsel Assets – Instruments Types

What Vexxsel failed to provide in terms of a good trading platform, it tried to make up for with trading instruments. However, don’t let this list trick you. We gave a few examples to show you how easily one could get carried away and forget about the broker’s shady background.

• Forex currency pairs – EUR/USD, AUD/CHF, NZD/GBP…
• Commodities – gold, platinum, crude oil…
• Indices – DOW30, GER30, NIKKEI225…
• Shares – Adobe, Toyota, Microsoft…
• Crypto – Bitcoin, Cardano, Litecoin…

Where Does Vexxsel Engage In Fraud? – Countries Of Service

After some research, and the aforementioned warnings from financial regulators, we found that Vexxsel mainly engages in fraud in the following countries:

• Switzerland;
• Sweden;
• Italy;
• Netherlands;
• Luxembourg.

Luckily, some regulators managed to react and put Vexxsel on their blacklist. On similarweb.com, we found that the scammer’s website was visited in November the most, as many as 138,900 times.

Also, we recommend you not to invest in the fraudulent brokers Auto FX Trade, RXKCapital and RXKCapital.

What Are The Different Vexxsel Account Types?

Here are the account types that Vexxsel offers:

• Student – 250 EUR, spread from 3 pips;
• Standard – 5,000 EUR, spread from 2 pips;
• Islamic – 10,000 EUR, spread from 3 pips;
• Investor – 100,000 EUR, spread from 1.7 pips;
• Vexxsel VIP – 500,000 EUR, spread from 1.7 pips;
• Vexxsel VIP Premium – 1,000,000 EUR, spread from 1 pip.

These prices simply aren’t worth it. Even for the basic Student account. As for spreads, we’ll get into that in a minute. 

Offer Demo Or Trial Accounts?

Nope. We were able to see the trading platform, but that’s about it. There’s no true demo account. Hence, traders are left only with a live account that needs to be paid, which is not good at all.          

How Much Is Leverage, Spreads, and Fees

Spreads are terrible, to say the least. Vexxsel offers 3 pips?! Insanely uncompetitive and much wider than the industry’s standard of 1 pip or below. There are probably some hidden fees in there.

As for the leverage, the illicit broker was lazy to disclose it so we had to look for it on the platform. We found the leverage cap at 1:200. This just proves that Vexxsel is not really regulated in the US or Singapore since the maximum leverage there is 1:50 and 1:20, respectively, for retail clients.

What Is The Minimum Deposit and Methods of Withdrawal?

As we already said, the minimum deposit is 250 EUR. Nothing out of the ordinary but simply too much to risk with such a fraudulent broker. Vexxsel was pretty vague regarding the whole payment process – fees were briefly mentioned but not specified.

The unscrupulous scammer claims to accept only one method of payment – credit or debit cards (MasterCard & Visa). While it may seem very insufficient at first, this is actually the best method for getting a refund if scammed.

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

We always feel bad when we hear that someone’s been scammed. Nevertheless, it’s important to keep your head up and share your story with us to prevent this vile scheme from claiming more victims. We can help you get your money back. Ever heard of a chargeback?

But What Is A Chargeback?

• The process of reversing credit/debit card transactions.
• It applies to cards issued by MasterCard and Visa.
• You can request a chargeback at the issuing bank within 540 days.
• If you’ve sent the scammer some personal information, i. e. your ID card, passport, or driver’s license, the chargeback will fail.

If you need help with chargebacks, book a free consultation with our chargeback specialists who will help you to regain your money.

What Is Vexxsel?

The broker is an anonymous and shady broker that offers Forex, crypto, and CFD trading. 

Is Vexxsel a Scam Broker?

Without a doubt. Vexxsel has been blacklisted by as many as four European regulators.

Is Vexxsel Available in the United States or the UK?

Vexxsel is available to traders from both the United States and the United Kingdom, but the broker is unregulated.

Does Vexxsel Offer a Demo Account?

No. You can access the web-based platform but there’s no real free demo account available.

Is Cash FX a scam? Is it regulated, and where is this broker based? I am sure you have many questions simply because you ended up here and you know what? You’ve come to the right place. If You are willing to hear more about Cash FX then this review is for you.

Cash FX Regulations and Security

Licenses and regulations are something that every company needs to have, especially an online trading company, all for their business to be legit. Cash FX is not one of them, yet the company claims that it is regulated by many financial institutions. Such as FAC, DFSA, FSCA, and FSA.

The FAC does not even exist, and the others have not issued any license to this broker. Therefore, you should understand not to even try to invest your funds with such a company.

Cash FX Warnings From Regulators

Since Cash FX brokerage is clearly conducting a scam, no wonder regulators have noticed it.

Let’s start with the FCA that warned everyone against the Cash FX scam.

The same warning was later issued by the Irish Central Bank.

New Zealand’s FMA blacklisted Cash FX as a scam too.

So far, it’s clear we’re dealing with a bogus broker.

Beware of the Cash FX scam and other brokers such as SGP-Limited, InvestCore, Daxiron, and OBRinvest!

Problem with withdrawing funds

The only funding method available is via Bitcoin, raising certain flags because a chargeback is impossible when you deposit with a cryptocurrency. Credit/Debit cards, Wire Transfers and Skrill, which are the most common payment systems, are not available for deposits. Also, no minimum withdrawal amount is specified, and each withdrawal contains a fee of 20%. The company claims that the fees are transferred to bonus funds that are available when you take part in their promotional schemes. Regulated brokers don’t take fees when a client decides to withdraw the funds. Enough said.

Traders about CashFX

Overall, the people share good and bad experiences all over the comment section for the Cash FX broker. But clients are usually not satisfied with the withdrawal process and in the trading process in general. Many of them claim that they were scammed and they lost a lot of money, while many claim that they managed to make some.

“BEWARE! I invested in a 1K package; when I wanted to withdraw, they charged $120 for transaction fees and only let you withdraw the commission you make!! Not an investment platform at all!! Scam Scam”

How does an online trading scam work?

You can choose between three trading packs as a client, and this is where a 30/70 split happens. 30% of what you paid goes to the academy pack. The remaining 70% serves as your investment. Does that sound fair and reasonable? Of course not. It’s because Cash FX doesn’t care what you’re going to learn, they care how much you can afford to lose.

Scammed by Cash FX?

If You were scammed by a Cash FX broker, we could provide help. Unfortunately, these things occur, but they can be taken care of if you appropriately react on time. Let us know and we will manage from there.

Make a free registration with our website, provide us with details of your issue and give us the necessary documentation so that we can do everything in our power to help you restore your funds.

But what is a chargeback?

Contact us via online chat and our support team will provide you with all the relevant information regarding chargeback and getting your money back from Cash FX.

What is Cash FX?

Cash FX is an online trading brokerage blacklisted all over the world.

Is Cash FX a scam?

Caxh FX has been blacklisted in the UK, New Zealand, South Africa, and Ireland. Enough said.

Is Cash FX regulated?

Despite false claims, Cash FX doesn’t have any kind of regulations.