A shady legal background, fraudulent details, ineffective trading platform and conditions, and client complaints? Something must be off with the RoiFX brokerage. 

The truth is that RoiFX is a trading scam. How do we know? You’ll have to read our RoiFX Review to find out!

Is RoiFX a Scam Broker?

Not only is RoiFX not welcome in its alleged home country, the UK, but the broker has also been blacklisted by the local Financial Conduct Authority (FCA) as an unauthorized entity.

So much for RoiFX’s regulation. On the other hand, we have the claim that this brokerage is part of GC Group Ltd, an offshore company based in Seychelles.

Whether this is true or not, it’s not important as Seychelles is an offshore domain and the local financial market regulator has little credibility when it comes to trading.

RoiFX is a fraudulent broker with no trading license. This website claims to be part of an offshore company from Seychelles. RoiFX has scammed traders from the UK, Italy, Albania, Malaysia, and Canada.

That’s why we suggest you find a reliable provider operating under a Tier 1 jurisdiction. Such domains include the FCA, CFTC, ASIC, ESMA, MAS, JFSA, IIROC, etc. You can get numerous perks such as negative balance protection, segregated funds, and a compensation scheme.

Warning Issued by Financial Authorities

As mentioned, the UK’s FCA issued a warning against this unscrupulous financial swindler on January 20, 2023. In the warning, the stern financial market watchdog stressed the fact that RoiFX is not authorized to provide services in the UK.

There you have it, folks. RoiFX is a dishonest trading platform with the sole intention to defraud as many unsuspecting traders as possible. Please avoid fraudsters such as RoiFX and instead look for regulated brokers such as Libertex.

The Opinions of Traders About RoiFX

Speaking of unsuspecting traders, RoiFX managed to claim multiple victims, unfortunately. We found complaints against this broker on both Trustpilot and WikiFX.

Traders wrote complaints about having withdrawal issues, super high minimum deposits, poor customer service, fraudulent use of clients’ money, etc. Here’s what the traders have been saying:

In fact they have used my profit without my permission which i don’t have any control to stop them… Please i beg you all to not invest in this as they all are scammers…

• Trustpilot user, May 2, 2023.

Another scammer, don’t trade with it. A high minimum deposit of $5,000 is so crazy. I found their customer support team is like a robot, instead of a human being. They know nothing about online trading actually.

• WikiFX user, March 2, 2023.

RoiFX’s Trading Platform

RoiFX’s trading platform is WebTrader, a browser-based trading terminal. Frankly, this particular WebTrader is one the worst ever.

It’s lackluster, ineffective, offers no advanced tools or charts, and features a terrible-looking interface. RoiFX doesn’t support any valid third-party platform such as MT4, MT5, or cTrader. If you’re interested in using cTrader, Monaxa is your go-to broker.

Which Financial Instruments Does The Platform Include?

According to RoiFX’s website, the following trading instruments are available:

• Forex pairs – AUD/CAD, EUR/USD, JPY/GBP…
• Indices – S&P500, AUS200, NIKKEI225…
• Commodities – gold, silver, crude oil…
• Shares – Google, Tesla, Microsoft…
• Crypto – BTC, ADA, LTC…

RoiFX’s Countries Of Service

To reiterate, RoiFX tried to operate in the UK without a trading license. Yet, this broker is not authorized to operate in the UK; the FCA was explicit about it. Where else has this scammer tried to provide illicit services? Here’s the list:

• Italy;
• Malaysia;
• Albania;
• Canada.

Even if RoiFX is indeed an offshore brokerage, domains such as Italy and Canada would never allow this entity to operate. 

Account Options Offered by RoiFX

When it comes to different account types, RoiFX offers five options:

• Standard – 5,000 $, leverage up to 1:100;
• Premium – 25,000 $, leverage up to 1:200;
• Gold – 100,000 $, leverage up to 1:400;
• Expert – 250,000 $, leverage up to 1:400;
• Platinum – Not specified, leverage up to 1:600.

So RoiFX demands 5,000 $ just to allow you to start trading?! Instead of including a risk-free demo account and a low-deposit Micro-account, RoiFX went all in with the scam.

If you deposit these funds, there’s a great chance you’ll not see them in the morning. That’s how usually these scams work.

Leverage, Spreads & Fees

RoiFX offers leverage from 1:100 to up to 1:600. We’ll just say that the legal cap in the UK is 1:30 for retail clients. Red flag…

As for the trading costs, i.e. spreads and commissions, RoiFX simply offers “Gold spreads” or “Platinum spreads”, which is a ruse; it’s a lure to make you invest. A true broker would disclose the exact spreads.

Can a Trader Use a Demo Account?

No. There is no demo account option. This comes as no surprise considering that RoiFX is not a legit broker.

Without a demo account, you’re forced to risk the 5,000 $ and that’s a terrible idea. You first have to try things out before investing.

Terms of Service for RoiFX 

RoiFX’s legal section, i.e. terms and conditions is just there to make the website seem honest. From that document, we found out that RoiFX accepts payments via PayPal, Stripe (e-wallets) and credit/debit cards (MasterCard, Visa).

There are a lot of contradictions in the T&C. Regardless, this text is meaningless because the FCA has flagged RoiFX as a scam.

What Should I Do If I Have Problems With RoiFX?

If you have evidence that RoiFX violated any terms and conditions, please share it with us. You can also write a complaint on the forums to warn your fellow traders.

We can help you get your money back. You’ll need to initiate the chargeback procedure, which can be done within 540 days of the transaction. It’s imperative that you act quickly!

What Is RoiFX?

RoiFX claims to be a legit UK-based broker owned by an offshore company based in Seychelles.

Is RoiFX a Regulated Broker?

No. On the contrary, RoiFX has been blacklisted by the FCA and flagged as a fake UK broker.

Does RoiFX Have a Referral Program?

RoiFX does not offer any kind of referral program on its website.

Does RoiFX Offer a Demo Account?

No. RoiFX does not offer a risk-free demo account for practice.

Beurax is a broker that definitely opens many questions for traders. This broker has so many false claims on its website that we can only say – yes, this broker can scam you. We don’t need to think twice. From the first page, till the last, the offer of this broker is highly suspicious and it does not give any accurate information. Read our Beurax review and see for yourself is this broker legit.

Regulation and Security

Beaurax is a brand owned by Beurax Corporation Pty Ltd. The broker claims to be registered in Australia and claims that it holds ASIC regulation. However, we tried to find it in the register of Australian companies or ASIC register. Simply speaking, the company does not exist.

We will not even start about the security of the funds because there is no security. This broker does not give any information about it. And even if it did, it would probably be false claims.

We strongly advise clients not to open an account with this broker.

Beurax Warnings

There are many warnings against Beurax broker. We will list you here some of them.

ASIC itself issued a warning saying that Beureax broker is not registered by this regulatory body and it’s a scam. 

Canadian regulatory body FCNB followed the ASIC example and stated the same – broker cannot operate in New Brunswick and British Columbia (BSCS).

Even the South African FSCA issued a warning saying that Beurax is a scam broker and warning its citizens not to trade with it.

In which countries does this broker work?

Seems that Beurax broker has no restrictions other than the US. The broker is operating everywhere. If we check warnings, it seems that it’s mostly targeting Australia, Canada, and South Africa. However, it has no regulation whatsoever. We strongly advise you not to accept any offers from this broker.

Is your money safe with Beurax?

Short and simple – no. Beurax is an unlicensed scam broker. It does not give any information about itself, funds, safety, fees. Your money can only be lost in the hands of this broker. This broker operates only for CFD crypto trading. That shows us that it’s running a big scheme. It is taking deposits in cryptos and all the money is invested in cryptos. Therefore, clients have a hard time tracking their funds and getting them back. Also, the company has poor reviews and reputation on any website such as Trustpilot.

The broker doesn’t have a classic trading platform. It offers only some sort of web trader where you can trade with cryptocurrencies. The minimum deposit with this broker is 20$ and can be made only via cryptocurrencies. When it comes to withdrawals, there is no information.

Scammed by Beurax? What to do?

If you got scammed by Beurax broker, you can request a chargeback immediately. Our support will be more than happy to guide you through this procedure and help you get your money back. Contact us now!

Is Beurax a good broker?

Absolutely not! Beurax is an unlicensed broker with poor ratings. Do not trust it.

Is Beurax a Scam?

Beurax is operating without a license and has many complaints against it. We feel free to say, yes, this broker is a scam.

Is Beurax regulated?

No, the broker operates without a license.

Where is Beurax broker based?

Beurax claims that it’s registered in Australia, however, there is no proof for these claims. We cannot find it in any register.

In general, scam brokers are birds of a feather and can easily be distinguished by analyzing their claims about being licensed. NBI Markets is no different. The NBI Markets Review will provide solid arguments to prove that this is nothing else but an outrageous scheme. First things first, let’s say something about the scammer’s legal status.

What is more, we strongly advise you not to invest in EU Finance, Tradereview and Dav Invest fraudulent brokers.

NBI Markets Is An Unlicensed Company And Scam?

We found that NBI Markets is allegedly owned by NBI Investments Limited, based in Cyprus. Upon checking the website of the Cyprus Securities and Exchange Commission (CySEC), you can see that the company indeed exists and possesses a license issued by that regulator. 

However, our fraudulent broker’s website was not included in NBI Investment’s approved domains. Therefore, there’s no correlation between these two entities except for a similar name. What’s also important to mention is that NBI Markets was blacklisted by the Italian CONSOB. 

NBI Markets is an illicit trading firm. The company has been banned in Italy for scam activities.

The Lies About Regulation

Our illicit broker also claims it has been regulated by the UK’s Financial Conduct Authority (FCA) for 15 years. By now, you ought to know that this is an outright lie. Check the website of the FCA and you’ll see for yourself. That fact eliminates the possibility of this broker having any license whatsoever and proves that we’re dealing with a scam.   

Warnings From Italian CONSOB 

Below, you’ll find a link to the warning issued by CONSOB. Having a regulator like that put NBI Markets on its blacklist will hopefully ruin the fraudster’s scheme. After reading this, you can sit back and watch the scammer go down in flames.

What Trading Software Does NBI Markets Provide?

Here we have a classic scammer trick where they claim to offer a cutting-edge platform and miserably fail to deliver. You are treated with a simple web-based trading platform that lacks advanced tools and additional features.

If you’re serious about trading, this type of platform will do you no good. Instead, opt for legitimate providers that will equip you with either Meta Trader 4 or 5, i. e. the best software.

NBI Markets – Countries Of Service

The website of our fraudulent broker is in Italian. This probably elicited the warning from CONSOB. Aside from Italy, we also found out that NBI Markets targets people from

• Albania
• the UK
• the Netherlands.

Beware of this scheme if the scammer made contact with you.

Also, remember the names of the Cloxyields, BUX Forex and Proforbex trading scams and avoid them at all costs! Moreover, always check the background of online trading companies before investing!

Forbidden Bonuses

For a broker saying it is regulated by the FCA, or others for that matter, it certainly doesn’t care about the rules. We’re referring to bonuses here. To reiterate, bonuses are tricky, hence why they were banned by top-tier regulators, including the FCA. Scammers oftentimes include them with multiple strings attached.

What Do We Know About NBI Markets Account Types?

According to NBI Markets’ website, the unscrupulous broker offers the following account types:

• Micro account – min. deposit of EUR 250, floating leverage, welcome bonus, mini-trading course, personal manager;
• Silver account – EUR 5,000, leverage of 1:200, 30% bonus, managed account;
• Gold account – EUR 25,000, leverage of 1:300, 30% bonus, managed account.

We get that these scammers are having fun designing these accounts but can’t they at least make them a bit more realistic? As we mentioned, bonuses were banned by regulators. Also, you can find much more reliable providers for EUR 250.

NBI Markets Minimum Deposit, Withdrawal Terms and Fees

NBI Markets claims to offer multiple payment methods. These include wire transfers, Neteller, Skrill, PayPal, VISA, MasterCard and Bitcoin. Besides, the minimum deposit is EUR 250. Also, the phony broker charges a USD 50 fee for each withdrawal, provided they allow you to withdraw money in the first place.

Methods of Making a Deposit        

We’ve listed the payment methods above. However, due to the lack of transparency and regulation, we tend to believe that the scam broker simply listed all these methods to seem legit. In reality, the most probable methods include cards, wire transfers and especially cryptocurrencies. 

What Is Known About NBI Markets’ Trading Conditions?

Here we have more evidence that this is an outrageous scam. Offering leverage as high as 1:400?! This is preposterous considering that both the FCA and CySEC limited the maximum leverage to 1:30 for retail clients. Also, don’t pay attention to spreads, we know 0.7 pips looks great but there’s no guarantee that it’s legit given the broker’s illicit status.

Scammed by NBI Markets Broker? – Let Us Hear Your Story

For starters, we do feel sorry for you if you’ve been scammed by NBI Markets. It must be hard but don’t despair. We are here to tell you about three possible methods for getting your money back, i. e. a chargeback, a recall and crypto tracing. The chances may be slim but it’s worth giving it a shot!

Chargeback, Recall And Crypto Tracing?

Provided you haven’t given the scammers your personal documents, you can request a chargeback for credit/debit card transactions at your bank. This must be done within 540 days. Wire transfers can be reversed via recall but only if the transaction hasn’t gone through.

Crypto transactions are problematic, although it’s possible to trace them. Once tracked down to a wallet within an exchange, all you have to do is request a refund and hope for the best.

What Is NBI Markets?

NBI Markets claims to operate as a legitimate and licensed broker, part of NBI Investments Ltd.

Is NBI Markets a Scam Broker?

NBI Markets is a scam broker because it is unregulated, non-transparent, dishonest and blacklisted by CONSOB.

Is NBI Markets Available in the US or the UK?

We know for sure that NBI Markets is available in the UK but we’re unsure about the US.

Does NBI Markets Offer a Demo Account?

We were unable to find out whether NBI Markets offers a demo account or not.

ASKoBID is a trading brand of the company Solt Corp Ltd. This company makes its home in Saint Vincent and the Grenadines. Presently, this country is denounced by the European Union as an uncooperative jurisdiction for tax purposes. Brokers often set up shop there to avoid the rules elsewhere. The broker offers their services without any license from a financial regulator.

ASKoBID Deposit Bonuses

ASKoBID has a particularly cunning way to draw in new clients. Just like InstaForex, the broker offers a bonus on each deposit. Depending on the deposit amount, traders can receive up to an additional 50% on their account balance. However, traders have to trade the bonus twenty times over to make a withdrawal. Under those circumstances, any new traders will have likely lost the reward anyway.

Regulators Callout ASKoBID

Regulators have picked up on the ASKoBID scam and doing all they can to curtail their operations. In August 2020, the Austrian FMA put out a warning stating that the broker is evidently operating with a license. A similar warning comes from the Italian regulator CONSOB, similarly warning traders within that country.

Trading Platform

ASKoBID uses some strange browser platform in place of the much more popular MetaTrader 4. Our ASKoBID review finds the platform lacking in the top features that traders need to execute trades properly. The broker doesn’t have a free trial either, so that only paying traders can even see the platform. The barebones information presented on the platform makes it look more like a binary options platform than one geared towards CFDs and forex.

Trading Conditions

The broker has very high spreads. For instance, their EUR/USD spread is 2.9 pips. Ideally, traders would want a spread of just 1 pip on this pair. The broker’s selection of assets is passable but nothing special. Opening an account takes the standard $250 minimum deposit. Like many other unregulated brokers, they offer leverage up to 1:500, despite most jurisdictions having limits far below that.

Bring in the Experts in Fund Recovery

Offshore brokers cast their nets wide to bring in as many clients as possible. Furthermore, they don’t seem to care if they don’t have the authorization to do so. Regulators warn traders in their countries about these offshore brokers. Those who have missed the warnings can contact us to get their money back in the shortest possible length of time.

The first thing you’ll encounter when you go to the axelcap.io website is a fullscreen warning that you are about to enter an unsafe domain known to contain misleading and fraudulent content. If you so choose, you may enter the site at your own peril, which is what we did.

At first, we had the impression we’d made a mistake. It hasn’t been long since we wrote about another website, lewcoin.com that is completely identical to the one we were looking at.

There was no mistake, however, as these websites are just a small portion of what is known as line production scam. It’s more than likely we’ll come across numerous others just like it in due time. For now, see the remainder of our Axelcap.io review to learn how to avoid these altogether.

Completely Illegal Exchange

Besides one single mention that the main jurisdiction of any disputes lies exclusively with the court of Malta, there is basically no legal information on the website whatsoever. This implies that the company should be registered and regulated with MFSA, which is not the case.

No other regulatory body, namely FCA, AUSTRAC, NFA, FINMA or BaFIN has issued any licenses to this particular exchange either. Of course, cryptocurrency markets have become heavily regulated over the years, and this detail explains why the site was flagged as dangerous.

Dealing with unlicensed cryptocurrency exchanges carries significant risks. These include data loss, identity theft, and various other security breaches that can compromise both your finances and personal information.

How Does The Fraud Function?

Sifting through the WhoIs register we’ve found out that the axelcap.io domain did not exist before September of 2023. This online fraud must have swindled thousands of people to warrant a security response in such a short order.

Much of the website traffic originates in these countries:

• Germany
• United Kingdom
• Ukraine
• France
• Austria

At the moment the company runs 3 separate TikTok profiles, axelcap.io.enter2, axelcap.io.enter95 and axelcap.io.enter22. The main strategy of the scheme is thus to target younger and less experienced investors, capitalizing on the current crypto hype.

The lack of any regulatory supervision and heavy reliance on crypto payment methods allows the schemers to cover their tracks with relative ease. If you’ve invested with this faux exchange, get in touch with our legal experts.

Costs Overview

The starting Maker and Taker fees are 0.075%, and traders can allegedly rise through different VIP ranks, reducing these costs to 0.035% and 0.045% respectively. To reach this level, however, a client must trade a volume of ≥20000 BTC, which is roughly US$568,316,000!

Deposit and withdrawal fees are 0.00007 BTC (US$1.99) and 0.00018 BTC (US$5.11) respectively, as calculated for Bitcoin as a benchmark currency.

In addition to this, the exchange also charges a withdrawal fee calculated in FIAT currencies. The amounts are not disclosed, which lets the swindlers ask for additional money up-front for payouts just like the ProfiStocks con.

Referrals With No Rewards

The platform urges their clients to refer friends and family members to the exchange. In a very calculated move, they omit discussing the rewards for their referral program. Knowing how these organizations operate, any rewards are fictitious as there is usually no way to cash them in.

Lackluster Trading Features

All of the flashy pictures and empty claims on the website serve one purpose: to draw the attention of the customer from important topics. Clients won’t know much about available trading features unless they create an Axelcap Login. What we did find on the website was way behind any industry average by a large margin.

Live Trading Account Only

Besides the different VIP benefits, there is no diversity when it comes to trading accounts. Everyone gets one type of live trading account, with no demo.

Now, this is not very different to how many cryptocurrency service providers function. What is different is that this company in particular never tells you what you’re in for. There is basically no information on which services these accounts offer, or whether there are any maintenance costs attached.

Rudimentary Trading Software

The Axelcap.io platform is a barely functional webtrader, similar in form to the one on PrimoTrade. There are no advanced options like stop loss, limit order, or one-click trading. Of course, these risk mitigation options go against the company agenda, so it’s natural these conners wouldn’t include them.

Looking at the graphs and price calculators, we could see telltale signs of data tampering. The assets appreciate and depreciate for perfect, round values, and this happens in regular intervals.

Small Asset Selection

The trading instruments are in line with what you’d usually expect from a cryptocurrency exchange. The selection, however, is much slimmer compared to the tens of thousands of coins that you’ll see with regulated firms.

Without further ado, let’s take a look at some examples:

• Cryptocurrency Pairs (XRP/BTC, DOGE/BTC, ADA/ETH, VET/ETH, BTC/USDT, ETH/USDT)

Something that got our attention is that there’s an upcoming section dedicated to trading NFTs. Looks like the owners of Axelcap didn’t get the memo about the recent NFT crash.

Nothing About Withdrawals

You can’t readily purchase crypto coins on this exchange, and depositing to the platform requires that you already own some coins. Axelcap.io withdrawal is, in theory, handled the same way. We say in theory, because the company never openly says anything about payouts besides the fees we’ve already mentioned.

The lack of any clearly defined fee policy allows the con artists to invent any excuse as to deny their clients’ payouts. Getting your money back from these miscreants requires legal action. Get in touch with our experts via the live chat in order to start a chargeback.

Nobody Cares About Your Plight

If you have any issues that might require help from customer support, well too bad. The company doesn’t offer any client service options whatsoever. There’s no live chat, no phone number, no contact email, nothing. When the scammers hang up the phone, there’s no way to contact them back.

What Can I Do To Get My Money Back?

Axelcap.io is only one of numerous identical scam companies that have recently surfaced on the internet. The firm encourages clients into spending, without having much to offer in return for the money.

The website operators are completely anonymous, and use payment methods that are difficult to track. This is exactly the reason why you need professional help getting your money back. Book a free consultation with our chargeback experts today via the live chat, and start fighting back!

FAQ Section

What Is Axelcap.io?

It is a website for an anonymous, unregulated cryptocurrency exchange platform.

Is Axelcap.io Legit or Scam?

No, this exchange has no license to provide their services. If you need help getting your money back, contact our chargeback professionals.

How Does Axelcap.io Work?

This company works through popular social networks to find new victims and rob them of money.

Like most scammers, FullMarkets is a completely anonymous organization that hides the identity of the owners and employees. We only know about the company what they want us to know. Should you trust a broker that neglects transparency? Let’s find out!

What About FullMarkets Regulation?

FullMarkets claims to be a UK-based brokerage company. However, you won’t find FCA regulation data on their official website. Strangely, a broker that claims to work with more than 120,000 clients cannot meet the requirements of the Financial Conduct Authority. A regulator with 30 years of history is quite strict, but a top-notch organization like FullMarkets neglects to achieve FCA’s credit. Instead, they opted for IBREM regulation. This is a rather strange choice considering that this firm doesn’t have a high trader confidence rating. In addition, we didn’t find trustworthy brokers in the lists of audited companies. In any case, any reliable company from the United Kingdom should be under the supervision of the FCA.

In addition to the above, we strongly advise you not to invest in CryptoSpotFX, TudoFX and 365 Capital FX fraudulent brokers.

FullMarkets Warnings From Financial Regulators

On January 24, 2022, the well-known Italian regulator added another list of scam brokers to protect genuine investors. In the list, you can see Beradora LTD and a link to the official website of FullMarkets. Beradora is a secure joint-stock company managing the affairs of an investment company. CONSOB has clarified that this broker cannot be trusted since it has been caught on fraudulent activity.

FullMarkets Trading Instruments

The broker offers clients to silence an account with multiple currencies to trade with the following assets:

• Forex;
• Commodities;
• Indices;
• Stocks;
• Cryptocurrency;
• ETF.

Withdrawal Methods and Bonuses

Unfortunately, you cannot discover more about the withdrawal methods until you have invested in an account. All that is available to you is guesses and a few logos of popular payment systems like Visa, Skrill, Neteller, and Mastercard. In addition, after checking the terms and conditions of cooperation and other official website content, you may notice that the broker offers bonuses. However, under the laws of the European Union, investment agencies don’t have the right to provide customers with bonuses. This means that the broker completely ignores the law and is not afraid of the power of justice, which may indicate that the real headquarters of the organization is located outside the UK.

Most of the Victims are Citizens of European Countries 

EU citizens always trust the government and feel protected by the laws and the judiciary. However, confidence sometimes backfires. Scam brokers manipulate clients’ trust who believe that to avoid a scam, it is enough to choose a Europe-based broker. Until recently, the UK was a member of the European Union, so it’s no surprise that FullMarkets has such a high customer trust rating. Most of the scam victims are citizens of Germany, Spain, Greece, and the UK.

Traders About FullMarkets Scam

It is important to mention that the number of reviews about the broker doesn’t match the claims of 120,000 real clients. Most testimonial websites don’t have more than 10-15 reviews. The average rating of a company usually doesn’t exceed 2 stars. Most victims complain about stealing money and persistently harassing managers after refusing further cooperation. Here’s a pretty interesting review:

«Terrible! These guys stalk you for whatever reason. Don’t listen, just aggressively pursue with sales talk. As well repeated requests to erase your data from their systems are ignored.

I have blocked now over 20 phone numbers of their automatic call center, some of them from Italy, as well Helsinki and the Philippines…»

Is it Possible to Avoid a Scam Scheme?

Most often, scammers use the same scheme, including beautiful promises, false claims, as well as fake regulations and reviews. However, you can always avoid being scammed by choosing trusted brokers under the strict supervision of 5-star rated regulators. Remember to check the data on the official websites of financial authorities and carefully research the networks to find evidence of the reliability of the investment company.

Also remember the names of the IQCent, WinBitx and AceTradeOptions trading scams and avoid them at all costs! Moreover, always check the background of online trading companies before investing!

Scammed by FullMarkets? — Tell Us Your Story

If you have complaints about a broker that violated any terms and conditions, please contact our lawyers and cyber security experts via online chat and leave a request for free assistance!

But What Is A Chargeback?

Chargeback is the fastest and most efficient way to get your money back. All you need to start a refund process is to provide evidence of a scam so that our team can perform a chargeback without bringing the case to court.

What Is FullMarkets?

This is an anonymous investing company that presents itself as reliable, while continuing to misappropriating customers’ money.

Is FullMarkets A Scam Broker?

Yes, FullMarkets was blacklisted by CONSOB as a fraudulent organization.

Is FullMarkets Regulated?

No, the broker isn’t licensed or regulated by trustworthy financial authority.

WSDK Crypto exchange is a brand-new company, registered in June 2023. However, they operate from an unknown location and unknown ownership. Yet, they expect you to trust them with your hard-earned money.

All that would be fine if the company plays by the book. However, they are just running the same business through different brands. To find out more, read this WSDK Crypto review carefully.

Legal Info: Is WSDK Crypto Legit Or A Scam?

All the trusted crypto exchanges have licenses nowadays. But generally, not every regulator is the same. Nevertheless, we are always checking Top Tier registers, such as FCA, BaFin and ASIC. Every one of these has a dedicated crypto department.

Yet, WSDK Crypto is not listed anywhere. So, whatever they offer you is completely fictive. Not to mention that they are running the exact same website with a different name – Bit-HiveX. Of course, another unregulated one.

Who Are WSDK Crypto’s Clients?

As mentioned, who.is finds this domain registered in June. Not so much time to spread all over the world. Yet, they managed to expand in a few countries. But primarily, they are scamming traders from: 

• United States
• Canada
• Morocco

Generally, you should be careful with crypto investments. But if this broker stole any money from you, don’t forget that our refund team is available for consultation.

Investment Costs With WSDK Crypto

Important to realize is that wsdkcrypto.vip company doesn’t reveal any trading costs. Neither do they mention taker or maker fees. Not to mention withdrawal fees that can easily rip you off. After all, it’s not strange that WSDK Crypto Reddit comments are not positive.

Bonuses

Currently, this company doesn’t offer any bonus scheme. In general, bonuses should be avoided because of malicious clauses coming along with them. Once you accept the bonus, you have to meet certain conditions. Only after that, you can request a withdrawal. But most of the time, those conditions are practically unreachable.

WSDK Crypto Trading Features

As with any other crypto exchange, this one offers a wide range of instruments. They also put the hard work and created an app. Yet, WSDK Crypto Android downloads are not optimistic. There are only a few hundred of those.

Available Trading Assets

All the tradeable assets with this company are fictive. Don’t think that you are sincerely buying crypto. Instead, you are just throwing money into their pockets. Nevertheless, they claim to offer:

• BTC
• LTC 
• ETH
• DOGE + many more

Account Types

Without transparent trading costs, you can’t expect any benefits. For that reason, you can’t find any account types with this company. Neither do they reveal what’s the minimum deposit requirement.

Mobile Trading App

As mentioned, WSDK Crypto Exchange offers a dedicated mobile app. However, only for Android users. But to be honest, it would be a shame to compare it with any other app.

Demo Account

To get a demo account with this exchange is not possible. Simply, they don’t offer any. Generally, for demo accounts and risk-free options, you should look for Tier 1 licensed brokers. But to know who to trust, we suggest you check our Profit Trade review.

Education

Overall, educational packages with scam companies are pointless. Even if they offer something it’s deluding you. But WSDK Crypto doesn’t offer anything.

WSDK Crypto Withdrawal

Considering unknown ownership and non-existent withdrawal policy, problems are inevitable. Especially during withdrawals. Be careful of AML laws, hidden fees and verification issue tricks. All these can be used to prolong the withdrawal process. Ultimately, your account gets frozen. And to contact the company is the mission impossible.

Customer Support

WSDK Crypto support is far from superior. In fact, the company only offers you an e-mail address. So if you need something urgently, forget it. Either way, that can ignore any of your requests.

Instead, you can find licensed brokers with far better contact options. But now we encourage you as well to read our ProfiStocks review to learn more tricks.

Key Information To Consider About WSDK Crypto?

In the first place, they are anonymous companies without regulations. Many conditions are unknown or unclear. It’s a freshly registered company with multiple domains running. Not to mention that some people are already connecting it to scam activities. In any case, you should be careful and do your research before investing.

But if you already did, our team is available for assistance. With refund expertise, we can advise you on the next step to get your money back. The first consultation is free and you just have to send us a message.

FAQ Section

What is WSDK Crypto?

WSDK Crypto is a mysterious crypto exchange operating since June 2023. Also, the company is running the exact same website under a different name. Of course, without regulations.

Is WSDK Crypto Regulated?

To sum it up, no. The company operates without any licenses. That’s why withdrawal problems are highly possible. If that happens, contact our refund team immediately.

How to deposit in WSDK Crypto?

WSDK Crypto accepts only crypto transfers. But keep in mind that those are hardly traceable and irreversible.

We can immediately say no if you’re wondering whether SSJTCF is a genuine Forex broker. The company lies about its regulatory status, headquarters, and probably much more.

However, we don’t expect you to take our word for it. Read this detailed SSJTCF review and find out all the details.

Is SSJTCF Legit Forex Trading Brokerage?

SSJTCF says to be a brand of SSJTCF Group Limited, with headquarters in London, UK. However, they also claim to be regulated by the US MSB. Now, first things first. Forex brokers registered in the UK need to be licensed by the local authority, FCA. And their register contains no information about such a firm.

Furthermore, MSB or Money Service Business is not a regulator but a proof of registration with the US FINCEN, an organization fighting against money laundering. CFTC and NFA must authorize brokerage firms to conduct business legally.

Therefore, everything stated by this broker is bogus. Read on, and don’t fall victim to the SSJTCF scam.

Who Are the Victims of SSJTCF Broker?

SSJTCF website domain was registered in January 2023. And yet, the company claims to be in the business since 2018. It’s another red flag in the long line of many.

According to website traffic analysis, the majority of their victims come from:

• US,
• Myanmar,
• Thailand,
• UK,
• Canada.

The company is advertising mainly in these countries, which doesn’t surprise, considering that they faked a US license. Be wary and know that the business has no authorization to solicit investors or handle customer funds.

User Feedback – What Traders Have to Say?

At the time of writing, we found only 14 comments on Trustpilot. However, this was enough for us to conclude how the broker conducted the scheme.

According to reviews, the company uses WhatsApp and social media to contact potential prospects. Usually, it all starts like a big romance where one side is proposing investment to the other, aiming to help their financial situation. Then, company agents mislead customers into trading with SSJTCF under fake regulatory confirmations.

We don’t need to tell you what happens next. Unsuspecting victims are finding themselves without a penny. There are many companies out there, including XLNTrade, who are employing the same system. Stay on the lookout.

Trading Features – Platforms and Assets

Since the company is not actually regulated, none of its features are important. However, we did a brief overview. And we weren’t impressed.

SSJTCF Trading App

The company developed its own trading software, SSJTCF. It’s an app compatible with Windows, iOS, and Android devices. However, it has no special features such as social trading or EAs. In fact, you can open several order types, check your trading history, and deposit more money.

If the brokerage were legit, they might cooperate with trustworthy platform providers such as MT4, MT5, or cTrader. Sadly, they don’t.

Available Trading Assets

You can trade in five major markets:

• Currency pairs – EUR/USD, GBP/AUD, SEK/JPY
• Commodities – gold, silver, natural gas
• Indices – FTSE100, DAX30, CAC40
• Shares – Tesla, Netflix, Amazon
• Cryptocurrencies – BTC, BCH, USDT

SJJTCF Demo Account

There are no dedicated account types, nor do we know the minimum deposit necessary to register your account. All we know is that the company offers a risk-free Demo account with up to $1,000,000 in virtual funds. However, it means nothing, considering you won’t avoid the scam.

Leverage and Trading Commissions

As expected from a bogus broker, trading terms are hidden. We don’t know how big leverage they offer or how much you’ll have to pay for trading commissions, swaps, and spreads.

The website advertises low costs, but we’ve already proved that nothing you read can be trusted. Therefore, we advise you to avoid this company regardless of what their sales agents might promise you.

Customer Support – Can I Get Help?

Another red flag is the lack of means of communication. The only way to contact the company is through email, which means you have to sit tight and wait for their response. Furthermore, it means you don’t have any instant way to get in touch if something goes wrong.

All in all, the SSJTCF support team is not easily reachable. Probably on purpose, considering that many customers are reporting withdrawal issues.

SSJTCF Withdrawal Procedure

Speaking of withdrawals, we tried to understand how you can get your profit from your trading account. Sadly, we didn’t find any information about fund transfers on the broker’s website. In all the boasting about transparency and legitimacy, this firm forgot to mention how you can get a payout.

We don’t know if you’ll pay any commissions on the transfer and whether you can use traditional methods, such as credit cards and bank transfers. All in all, you have to risk it all and deposit it to find out how to receive your money back.

What to do If I Was Scammed By SSJTCF Group?

Let us know if you find yourself scammed by SSJTCF or any other trading brokerage. Our chargeback experts are here to assist you with this matter and evaluate your case in detail.

Don’t let scammers keep what’s rightfully yours. Let’s check what can be done, and let’s do it quickly, before the firm vanishes with your money. Book a free, non-obligatory consultation today.

FAQs

What Is SSJTCF?

SSJTCF is an unregulated online trading brokerage. In case you have any trouble with your trading account, contact us immediately for help with recovery.

Does SSJTCF Offer a Demo Account?

SSJTCF claims to offer a risk-free Demo account with $1,000,000 in virtual funds.

Are My Funds Safe With SSJTCF?

Considering that the company lied about its headquarters and licenses, your money is not safe with SSJTCF.

Today’s foreign exchange markets are saturated with unlicensed brokerage firms that are by default involved in fraudulent trading activities. In the following Crystal Trust review, we analyze this bogus broker and explain why trading with its kind is risky.

So, the Crystal Trust broker (Crystal Trustee Company Limited) is allegedly based in New Zealand without mandatory licenses and regulations. On top of that, this shady brokerage firm provides an unsafe trading environment, including a futile trading platform and fabricated trading conditions. Please continue reading this detailed review to learn more about the malicious tactics employed by this investment scam.

On top of that, we seriously recommend you not invest in the fake brokers Cambrill, StateHills, and Syos Space. Do not trade with these unlicensed brokers if you want to save your money!

Some Facts Why Crystal Trust Broker Is Fraudulent

As introduced, Crystal Trust is reportedly headquartered in New Zealand, one of the top-notch jurisdictions that strictly controls its forex markets. Also, Crystal Trust deceives traders by claiming to be regulated by the Registrar of Companies. First, this institution doesn’t oversee financial markets; that is to say, it is responsible for keeping records of formed businesses in New Zealand. Second, after checking the registers of this agency, it seems that Crystal Trust is not even a registered entity.

Moreover, to legally operate in New Zealand, every broker must be authorized by the FMA (Financial Market Authority). However, the FMA database doesn’t have any details about Crystal Trust, which implies that it is an unlicensed brokerage firm.

Thus, Crystal Trust lies about its background, hiding its true colors and pretending to be a legit business. We have already seen this modus operandi that resembles scam brokers.

Crystal Trust professes to be based in New Zealand, but it fails to prove it. After investigating its claim, it is verified that Crystal Trust lacks the necessary license and regulations. Therefore, it is full of lies, poor services, and adverse terms of exchange.

Why Is Trading With a Licensed Broker Preferable?

When it comes to the safety of your funds and trading success, all of this is ensured by trading with licensed brokerage companies. Forex trading is risky per se; however, legitimate online financial trading firms minimize the risk arising from buying/selling activities by implementing tools such as negative balance protection and segregated accounts. The former means that a trader can’t lose more than invested, while the latter refers to keeping your funds separate from brokers’ capital. By doing so, traders are not impacted if a broker goes bust.

Additionally, brokers accredited by the Australian ASIC, British FCA, and German BaFin are exceptionally reliable. This is because of the high standards enforced by these financial authorities. For example, one of the licensing prerequisites is to meet a minimum working capital requirement (ranging up to 1.5M EUR). Likewise, traders are covered by a compensation fund offered by the foregoing financial market regulators (indemnification goes up to 100,000 EUR per trader). Lastly, authorized brokers maintain a secure and prosperous trading environment by adhering to legislation. Examples of favorable conditions include restricted leverage, a transparent withdrawal process, safe funding methods, cost-effective trading accounts, a demo account option, and advanced trading platforms. All of these are not provided by Crystal Trust.

What Platform Does Crystal Trust  Provide?

In connection with trading software, Crystal Trust promises, believe it or not, 16 trading platforms. This whooping number can’t be found even with leading brokers. In addition, amidst its offering is MetaTrader 4, which is among the best programs but is missing at Crystal Trust. Furthermore, this fraudster merely provides one platform that is, above all, insufficient for trading. In other words, the Crystal Trust web trader can’t be compared to any modern trading program like MT4, MT5, cTrader, and Sirix. So, this phony broker is again caught lying.

Besides, a web trader can offer trading from a browser only. In contrast, the latest programs can be accessed from any device (e.g., as an internet-based trading platform, a mobile application, and computer software). Unlike a web trader with generic functions, advanced platforms come with cutting-edge features such as stop loss, copy trading, and expert advisors. Therefore, choose genuinely regulated brokers that truly provide state-of-the-art technology.

Crystal Trust  Trade Range of Trading Markets

Regarding trading instruments, the Crystal Trust broker allegedly offers trading on over 1000 tradable assets across global financial markets, involving the following. 

• Forex: EUR/USD, USD/JPY, AUD/CAD;
• Stocks: Microsoft, Facebook, Apple;
• Commodities: gold, crude oil, corn;
• Crypto: Bitcoin, Ethereum, Tether;
• Indices: FTSE 100, DAX Index, Dow 30.

Even if you can access these markets, which is very doubtful, you don’t have effective trading software and a productive trading environment at Crystal Trust. What is more, this shady brokerage firm is not transparent and concocts its trading conditions. In such a manner, Crystal Trust lures traders and wants to hide its intent to defraud.

What Do We Know About Crystal Trust  Account Types?

As for the types of accounts available at Crystal Trust, this con artist doesn’t reveal information about that. Thereby, you don’t know what terms of exchange are linked to an account, how much the minimum opening balance is, and other relevant details until you invest. All you have is assurance from a dishonest scam broker. Thanks, but no thanks. Likewise, there is no demo account, which is a free practice account allowing traders to test their trading styles, conditions, and platforms for free and without risk. Anyhow, this fake broker most likely charges a hefty sum for depositing. So, why take chances with Crystal Trust when you can start trading with legitimate companies for less than 50 USD?

Details About Leverage, Spreads, and Fees

Concerning the Crystal Trust trading environment, it comprises unusual conditions. In particular, the leverage ratio of 578:3 is very uncommon. This ratio is not only against legislation (e.g., in the UK/EU, it is 1:30) but is a strange proportion. With reference to spreads and trading commissions, they remain unknown. Therefore, all of this contributes to how much this bogus broker is a blatant financial swindler.

Minimum Deposit and Withdrawal Terms

On the point of the deposit and withdrawal process, it is as trustworthy as this fraudulent broker. First, as we said, the minimum required deposit is not disclosed. This is done to easier rip you off more. For instance, this hustler will get in touch with you and charge for deposits more than is initially agreed. Further, funding methods involve crypto payments that are unsafe, difficult to trace, and challenging to reverse. Speaking of payoffs, keep in mind that there are no money withdrawal guarantees with unauthorized brokers. As a matter of fact, this cheater will do everything to prevent you from drawing funds out.

Crystal Trust Bonuses Types

Another hallmark of scam brokers is generous bonuses. Due to the mishandling of promotions, many financial authorities have forbidden rewards. As a rule, if an unlicensed brokerage company provides prizes, it is a warning sign. If you want fair terms of promotions, you should choose genuine brokers. As regards Crystal Trust, it promises the following.

• Up to 5,000 USD cash bonus
• 20 USD bonus when you sign in
• 500,000 USD contest
• 20,000 USD flight ticket contest.

Nevertheless, don’t let this offer tricks you. In reality, these bonuses can’t be withdrawn and redeemed.

Scammed by Crystal Trust Broker? – Let Us Hear Your Story

In the event the Crystal Trust scam has defrauded you, don’t feel ashamed because anyone can be scammed. Importantly, you can get your money back. However, it would be helpful if you acted fast. For example, you should report the fraud to the relevant authorities. Also, don’t forget to leave negative reviews and warn other traders. With respect to getting your money back, it is possible thanks to a chargeback process, but more on it in the following section. Lastly, don’t buy positive Crystal Trust reviews on the internet, they are made up to attract your attention.

But What Is A Chargeback?

If you want to retrieve your funds, it can be done via a chargeback. With VISA and Mastercard, it is uncomplicated because these payment methods are safe. It would be a good thing if you applied for refunds within 540 days. Wire transfer is also secure and can be canceled, but it must be terminated before the approval of a transaction. As to crypto wallets, they are a preferred method of broker scams because it is hard to annul them. Nonetheless, our chargeback specialists can help you with crypto payments. Thus, get in touch with our company today.

FAQs About Crystal Trust

What Is Crystal Trust?

Crystal Trust is an unauthorized broker lying about its license and registration.

Is Crystal Trust a Scam Broker?

Yes, Crystal Trust bears all hallmarks of a broker scam, operating anonymously, deceiving traders, and providing unfavorable conditions.

Is Crystal Trust Available in the United States or the UK?

Crystal Trust is allegedly not available in the US but is in the UK. However, this fraudulent broker provides services without being licensed and regulated.

Does Crystal Trust Offer a Demo Account?

 No, Crystal Trust doesn’t provide a demo account, which is so typical for scam brokers.

When it comes to spmarket24.com, there are many things wrong. For a start, the broker’s platform does not function. The website as well. So logically, you will wonder can this broker scam you? And if it does, what to do. We’ve researched this broker for you in our SPmarket24 review. Here is what we found.

• Regulation and Security
• Warnings From Financial Regulators
• In which countries does this broker work?
• Can I make money with SPmarket24?
• Scammed by SPmarket24?
• But what is a chargeback?

Regulation and Security

SPmarket24 broker is an anonymous brand. We couldn’t find the company behind this broker. All we found is that the headquarters of the company is in the Marshall Islands. Of course, as an offshore broker, the company has no regulation. This is why we can say immediately at the start – the broker is not safe to trade with. The broker claims to be regulated by CySEC, but under this same license number, we found another legit company that is not related to SPmarket24.

When it comes to the security of the funds and personal data, there is no guarantee. Be aware of the SPmarket24 broker scam.

Warnings From Financial Regulators

Since the broker falsely pretends to have CySEC regulation, we decided to verify if any regulatory body noticed it. And the answer is yes.

The UK FCA issued a warning about SPmarket24 broker as a clone of EEA authorized firm. The FCA warned its citizens not to accept any offers from this broker and immediately report the scam.

Besides FCA, the broker is also blacklisted by Spanish CNMV, Italian CONSOB, Belgium FSMA, and Danish DFSA.

If you weren’t convinced so far, now it’s clear that SPmarket24 is a scam.

In which countries does this broker work?

As you’ve understood so far, the broker has no regulation. Therefore, it cannot operate legally anywhere. However, based on reviews, we can conclude that the broker targets mainly the UK, Denmark, Belgium, Spain, and Italy.

On the other hand, the only prohibited region is the USA.

Can I make money with SPmarket24?

When it comes to unregulated brokers, making money is hard, and withdrawing that money is even more complicated. There is no regulatory body behind the company that is monitoring its activities.

As you’ve had a chance to read in our review, SPmarket24 has many regulatory warnings. This is usually the case when people cannot withdraw their funds. You can deposit, you can even see some profits on the screen, but you cannot take it out. The question is what to do in this case.

Scammed by SPmarket24?

If SPmarket24 scammed you, there is a solution. You are not the only victim of this broker. You need to file a dispute and request a chargeback.

But what is a chargeback?

It’s a way of refunding your card in case you were a victim of an online scam. Contact our support immediately, and let’s get your money back!

Is SPmarket24 a good broker?

SPmarket24 is an unregulated offshore broker. We can say that it’s not safe to trade with.

Is SPmarket24 a Scam?

SPmarket24 is running a scheme with no regulation. There are many regulatory warnings against this broker.

Is SPmarket24 regulated?

No. The broker is running its scheme from the Marshall Islands with no regulation.

Where is SPmarket24 broker based?

The broker is based in the Marshall Islands, an offshore country.