Looking sweet and easy-going, Hextra Prime broker’s website might look like a place for you. However, the first red flag you may notice is a giant sign of leverage up to 1:5000. It’s about 100 times higher than regulated companies could ever provide, so beware.

Let’s go through our Hextra Prime review and check all the details about this offshore broker’s offer.

Hextra Prime Regulations and Security

Hextra Prime is an online trading brokerage owned by the same-named company from Saint Vincent and the Grenadines. As usual, the problem with brokers from this offshore country is the absence of a real regulatory body. The FSA itself stated they are more like a register of financial companies, while regulations they should seek in the country of service. Once we checked Tier1 regulators such as FCA and ASIC, we found nothing regarding Hextra Prime regulations.

Another red flag for this brokerage.

Fund Withdrawal Issues

Being involved with an unregulated offshore broker is a direction for issues. Once you start, of course, you’re expected to make an initial deposit. In the case of Hextra Prime it is $10. Since we all know such a low amount on the too high leverage won’t last even a second on the market, this broker is instantly asking to add more funds for “account safety.” Once you do so, you might even see some profits at the beginning. Yet, withdrawals with offshore brokers are difficult and often impossible.

Beware of the Hextra Prime scam and other brokers such as Sagellc, Quotex and Assetshaus.

Traders Opinion

Hextra Prime reviews showed us what traders think of the broker. According to them, Hextra Prime does not allow withdrawals, and clients are being misled regarding trading with automated software. Also, the company offers a Copy Trading system, but clients say they never had a chance to see the winning trade once they copied it to their own account. It sounds like the system does not function perfectly.

How Does Online Trading Scam Work?

Online trading scams are tools for offshore and unregulated brokers to extort money from as many clients as possible. They do not choose means for conducting such scams. What we’ve noticed so far, all of these scams start with an ad requiring clients to enter personal details to get more information. Afterwards, broker employees are assisting with an initial deposit, usually by taking your credit card details. Once you provide these details, you might find yourself with no money in the bank. Sometimes, the broker will deduct the agreed amount and then ask for more and more but never approve withdrawal requests.

Since there is no regulator above these companies, we are not surprised to see how they behave.

Scammed by Hextra Prime?

If you were scammed by Hextra Prime or any other illicit operation, do not hesitate to report it. The broker will not return your funds willingly, but you can always request a chargeback.

But what is a chargeback?

It’s a way to refund your card in case you were scammed online. Contact our support department immediately via online chat, and let’s get your money back!

What is Hextra Prime?

Hextra Prime is an online trading brokerage based offshore, without a regulation.

Is Hextra Prime a scam?

Hextra Prime has no regulation for providing financial services, making it illegal.

Is Hextra Prime regulated?

Hextra Prime is not regulated nor licensed online trading brokerage.

As odd as it may sound, Zenfinex is a regulated and not regulated broker at the same time. This is why we decided to clarify once and for all facts about the company and whether you should start investing with it or not.

Let’s start our Zenfinex review.

Zenfinex Regulation and Security

Zenfinex is owned by Zenfinex Group with two entities – Zenfinex Limited in the UK and Zenfinex Global LLC in Saint Vincent and the Grenadines. Now, why is the broker regulated and not? In the UK, the company has the FCA regulation. And it’s alright. However, it’s using an offshore entity for all the other countries and has no regulation at all. It means that if you are a UK citizen, you will be registered with a regulated company while everyone else is dealing with an offshore brokerage. And we all know how it ends.

Fund Withdrawal Issues

Since, as already explained, the company has two entities, we are coming to withdrawal issues. Zenfinex reviews are showing a lot of problems with fund withdrawals. According to investors, the broker handles requests poorly, support is not supporting, and funds are never processed.

When dealing with any offshore entity, it’s hard to understand the regulatory rules. And when the broker is not even regulated, it’s more complicated.

Zenfinex’s website belonging to an offshore entity leaves us with no information about withdrawals, including fees or payment methods. All we know is that you can deposit, and the minimum deposit is $50. However, if you want your money back, it’s a mystery how to get it.

That is why we would recommend you to avoid this and other offshore brokers.

How Does Online Scam Work?

If you have dealt with Zenfinex forex broker or any other broker at all, you know how it goes. You are signing up for an ad about online trading, and the broker calls you with further information. Now, after you deposit your money, some sort of an adviser is taking over and telling you how to invest. At first, you are getting terrific tips, all in order to earn your trust. After a while, he will approach you for more money. And more. And after you invested your entire savings, you will expect a withdrawal. Just, this withdrawal is not an option with a scam brokerage.

Beware of the Zenfinex scam, such as brokers WH SelfInvest, OMC Markets and Platin Markets.

Scammed by Zenfinex?

If you have been misled or scammed by Zenfinex, do not hesitate to report it. Our support team is at your disposal, and we are ready to help. Why would you let scam brokerage get away with your hard-earned money? File a dispute and request a chargeback.

But what is a chargeback? It’s a way of refunding your card in case you were scammed. 

Contact us immediately and book your free consultations!

What is Zenfinex?

Zenfinex is an online trading brokerage with two entities – in the UK and offshore.

Is Zenfinex a scam?

Since the broker has an offshore entity that is not regulated, beware.

Is Zenfinex regulated?

The UK entity has FCA regulation, while the offshore entity of Zenfinex is not regulated.

IPO Markets insist on being fast at everything – fast transfers, fast order execution, fast customer support. However, this anonymous Dominican firm doesn’t even introduce itself properly to have anyone believe their flashy web presentation. 

Besides the obvious lack of company info, legal docs are scarce and trading conditions are anything but profitable. For further details, check our IPO Markets review ahead.

IPO Markets – A Confirmed Fraud

The unnamed entity owning and operating IPO Markets was allegedly established in the Dominican Republic. However, the FSU register comes up with zero results if you search for this broker. We had no choice but to look elsewhere for the potential license. 

What returned as a result weren’t any confirmations about the brokers legitimateness. On the contrary, these regulators have actually issued nothing but warnings on this unscrupulous firm: CNMV, A-TVP, CBR, and LB.

As the authorities have confirmed, this company is a swindler just like MaxProInvest, with intention to defraud you and make it impossible for you to address the compensation fund for a return. Besides no fund protection in the form of AML measures and segregation, your personal data is also at risk of being misused. 

Area Of Activity

Although registered in January this year, IPO Markets is actively defrauding traders and collecting blacklists as we speak. With the help of their faithful scam agents, company is known to use the boiler room method to recruit new victims. These mostly come from:

• Italy
• Ukraine
• India

After being constantly bombarded about extraordinary chances for profit and guaranteed high income, inexperienced investors are dragged into the scheme. After a while when the scam becomes obvious, withdrawals are only possible with the legal support. Luckily for you, we’re here to provide it. 

Conflicting User Reviews

If you check the IPO Markets Trustpilot page, you’ll find quite a confusing situation. On one end, you’ll read reviews with the highest ratings, while the other continuum represents the negative reviews filled with frustration and disappointment. 

At that point it became evident that this firm is a rotten liar that uses paid reviews to boost their credibility. However, with the growing amount of negative opinions posted, their average rating is not even close to ideal.

Large Leverage With No Clear Costs

The ipo-markets.com is so lacking in any detailed information, the company never discusses any fees, or commissions. Spreads are said to be tight, but IPO Markets give us no numbers to work with.

What we did learn is that the maximum leverage is 1:100. Since the max leverage in Europe is 1:30, and 1:50 in North America, this is above the allowed limit.

Affiliate Campaign Brings Stable Income

IPO Markets is known for promising passive earnings based on the activity of your referrals. The more people you bring in, the higher your alleged commission from their trades. Your IPO Markets account is rewarded with up to $4 per lot traded, if we were to trust the website claims. 

IPO Markets Lacks Basic Amenities

Trading features at IPO Markets are far from impressive, and similar to FxActive Broker. It is questionable whether any trading can actually take place with this broker.

The main trading app is not something we’d recommend, and the selection of instruments is miniscule. The company offers only a single main account type, with barely no subtypes to speak of.

Unreliable Trading Software

IPO Markets says they provide the industry standard MT5 software on their website, but this is a false claim. The only trading platform is SirixStation, a notorious program used almost exclusively by fraudulent firms.

The same program is alleged to work with mobile devices as well. Although this generally is true, the mobile version of SirixStation is not available for IPO Markets users.

Poor Choice Of Trading Instruments

You will be hard-pressed to find any concrete info on IPO Markets tradable assets through their main website. Entering the client dashboard, we can see a few tables imported from Tradingview.

The tables contain the following instruments:

• Forex (EUR/USD, AUD/NZD, GBP/CHF, USD/JPY)
• Stocks (Tesla, Blackstone, Pacific Gas & Electric, Apple)
• Indices (S&P500, US100, Nikkei225, UK100)
• Cryptocurrencies (Bitcoin)

No Account Information

Only a single trading account is available for IPO Markets login. Much of what this company says about their live trading accounts is totally false, however.

The alleged base currencies are USD, EUR, GBP and BTC, but in the client area we could only create a USD based trading account. There is no demo, so don’t expect risk-free speculation for technical analysis.

Shady Payment Channels

We have found a number of discrepancies in the IPO Markets financial channels. For instance, different channels are available for deposits and withdrawals, which is against the international AML regulation.

The swindlers say that they process withdrawals in 30 minutes or less, but many complain about IPO Markets denying any withdrawals. Reach out to our team of professionals for help in charging back your money from this company.

Unresponsive Customer Support

Despite having an email and a phone number as the means of communicating with their clientele, IPO Markets isn’t prone to responding. Besides the fact that the site lacks other support channels, the existing ones aren’t reliable in the least. 

This kind of irresponsibility shouldn’t be a surprise, though. IPO Markets is a blacklisted faux service provider, after all. 

How To Get Your Stolen Deposit Back

Even if IPO Markets is a proven scammer that doesn’t allow withdrawals, hope still exists. It is understandable if you feel traumatized or angry with how your investment went, but you shouldn’t sit around and let the fraudster get away.

If you contact us via our Online chat feature, you can book your free consultation and get advice from a chargeback expert. Our legal professionals are notorious with scammers for their success rate, so don’t wait – reach out to us today.

FAQ Section

What Is IPO-Markets.com?

The website is a confirmed financial swindler without a valid Forex license. Refrain from depositing with them, and contact us for a chargeback if you’ve already invested here.

Is IPO-Markets.com A Good Broker?

No, as several authorities have already posted about IPO Markets, they’re a fraudulent entity, not worth your time and money.

What Are The Tools and Platforms Of IPO-Markets.com?

SirixStation, an unreliable and web-based platform is the only choice for trading at IPO-Markets.

Another offshore, unregulated, blacklisted broker. If you want to know what to do if you have been scammed by an InvestBoost broker, then stick with us till the end. We will show you all the methods this shady brokerage uses to find their clients and what the MO is. Why there are so many complaints about the broker and many withdrawal issues.

Read our InvestBoost review and find out everything.

InvestBoost Regulation and Security

We’ve already answered the question is InvestBoost regulated. The broker is based in the Commonwealth of Dominica and operates with no regulation of any kind. There are two owners of this brand, Widdershins Group Ltd & Malarkey Consulting Ltd, both of them blacklisted by some regulatory body.

What’s Wrong With InvestBoost Regulation? Just to make sure, we’ve checked the register of FSU of Dominica and searched for InvestBoost regulation. We couldn’t find this broker, nor the two parent companies in FSU register at all. This means that the broker is not legit, and it’s not safe to have your funds kept with such a company.

Warnings From Financial Regulators

As mentioned, InvestBoost forex broker is also blacklisted. The Italian CONSOB put one of the parent companies, Widdershins Group Ltd, on the blacklist. Spanish CNMV and Lithuanian LB blacklisted the same company. The other company, Malarkey Consulting Ltd, is an owner of another scam brand PrimoTrade blacklisted by the UK FCA and the Danish DFSA.

Since one of the company’s brands is a scam, there is no reason for the other one not to be, right?

What Are Trading Platforms Available?

We’ve tested the InvestBoost trading platform, a cTrader. The company has a web and mobile trader offering a wide range of trading assets.

However, the leverage of this broker is suspiciously high, as’s the case with many scam brokers. It goes up to 1:100, while the standard for regulated brokers is 1:30. Be aware of the InvestBoost scam!

What Can You Trade With an InvestBoost Broker?

The only good thing about the broker is the trading assets offered. Clients can trade with currency pairs, commodities, indices, stocks, and cryptocurrencies. 

When it comes to this company minimum deposit, again a standard for scam brokerage – $250. Why would you accept something like this when other FCA, ASIC, or CySEC regulated brokers let you start from $10.

Scammed by InvestBoost broker? What to Do?

Have you had any problems with InvestBoost broker – File a complaint today! Unfortunately, you are not the only victim of the InvestBoost scam. As you saw, the broker is blacklisted in many countries because of this.

Do not be afraid, contact our support via chat now, and let’s get your money back! If you have any negative experience with this or any other fraudulent broker, we would be grateful if you could share it with us.

What is InvestBoost?

InvestBoost is an online trading platform from the Commonwealth of Dominica.

Is InvestBoost regulated?

No, the broker is operating with no license, and your funds are not safe with InvestBoost.

Is my money safe with an InvestBoost broker?

Since the broker is not regulated and is based offshore no, your money is not safe.

Is InvestBoost legit?

InvestBoost is an unregulated offshore broker that should be avoided at all costs.

Master FX Options isn’t quite the epitome of a reputable company that can help you acquire financial benefit and professional growth. If you’re wondering why we think so, you are advised to read the following Master FX Options review. 

Before making a grave mistake and investing with just any platform that offers an attractive deal, please make sure they’re regulated. Not in the sense of claiming to be legitimate but by also having a license issued by an authority that can confirm that. 

Why Master FX Options is a Scam

For an anonymous company, Master FX Options is quick to declare how well regulated they are in the UK, South Africa, USA and by “Various Securities And Exchange Commission”. First thing we did was double check these ludicrous claims and they all turned out to be lies. 

Firstly, the main UK financial regulator – FCA has no record on this firm. FSCA is the South African regulator that has also never licensed this firm. Lastly, the US has some of the strictest regulators in the world, and NFA doesn’t have any intel on Master FX Options, either.

What’s more, upon further investigation we came up with a warning against this firm, issued by the Netherlands authority – AFM. 

Without clarifying what were the legal institutions that have regulated this broker, it is clear that the claims about licenses are all false. Master FX Options doesn’t keep deposits in segregated bank accounts, nor do they employ risk-reducing measures. Lastly, in case of dispute, you will have no access to financial ombudsman and compensation plans.

Focus on EEA Victims

Being relatively new to the Forex market, Master FX Options still hasn’t been active enough to attract the attention of the regulatory authorities. That doesn’t mean it will not happen any time soon, especially considering how many victims are starting to report about their bad experiences on this platform. So far, most of the scamming is done is these countries:

• Estonia
• United Kingdom
• Bulgaria

If you think you’re safe just because you reside in another area is a naive approach. These miscreants engage the most convincing and most persistent boiler room agents to offer their deceptive services. The telephone sellers, catfishes and other participants in the scam scheme will act all friendly, nice and supportive just to earn your trust and then run away with your capital.

Unknown Costs of Everything

Such apparent lack of transparency displayed by Master FX Options is another sign of the firm being completely fake, unregulated and operating with malicious intentions. Because this site offers investment services, they claim traders take no part in placing trades. 

The only ones engaged in such activities are dedicated account managers. This is what this defunct platform uses as an excuse not to reveal any of the trading costs, commissions and fees. 

Inferior Trading Tools and Equipment 

After being promised remarkable trading conditions and software, our disappointment with what we witnessed in the user area was immense. The nonfunctional trading platform doesn’t respond to any of the commands and inputs. 

Unclear trading conditions made us worry additionally, while the investment plans sounded too good even for a fairy tale. Falsely promising yet overly expensive is what this service is. Just like what CFDglobe also advertises.

Keep reading our review to find out what we dig up.

Unreliable Terminal

Entering the user panel, this is the message we were greeted with:”Caution: Your Trading Account is a Special Account so avoid Trading for Yourself and note that your account are been managed by our Assigned Account Managers”. 

The broken English for a UK/US firm wasn’t the biggest of our concerns. However, the fact that the platform is a contrived web terminal borrowing the Tradingview chart instead of having its own is what raised the red flag. Interaction with it is not possible.

What Can(not) Be Traded

To make their offer all the more interesting, Master FX Options makes a mention of the several asset classes being supposedly available for trading. If we completely neglect that the trading software doesn’t work and no trading is done, their offer of assets may even be considered attractive:

• CFDs on Currency Pairs (EUR/USD, EUR/CHF, USD/GBP)
• CFDs on Commodities (Gold, Silver, Oil)
• CFDs on Stocks (Tesla, Ferrari, Disney, Netflix)
• CFDs on Treasuries (US treasuries)
• CFDs on Indices (FTSE100, JPN225, DE40, ES35)

Investment Plans 

We’re reviewed a lot of fake offers presented by investment firm scams, but this one takes the cake. Every investment plan you buy at Master FX Options is valid for 7 days, after which you get a guaranteed return which is equal to your deposit multiplied by 7. Take a look:

• Starter Plan – invest  $300, profit $ 2,100 after 7 days
• Silver Plan – invest $500, profit $3,500 after 7 days
• Gold Plan – invest $1,500, profit $10,500 after 7 days
• Premium Plan – invest $3,000, profit $21,000 after 7 days

No Demo Account

Investment firms generally aren’t known for allowing traders to participate in trading on their servers without risk and with virtual cash. Therefore, we weren’t surprised to learn that Master FX Options doesn’t provide a Demo account. 

Regardless of the offer, any platform is more respected when they allow traders to examine the trading environment and practice before placing a serious investment. 

How to Withdraw

If you’ve made a mistake and already deposited with Master FX Options, there’s a possibility that your funds are already gone. After learning that this platform only allows crypto transfer we immediately knew their monkey business has to be oriented on crypto thievery. 

These kinds of transactions are anonymous and hardly reversible, so the swindlers remain unknown and out of legal reach. We recommend you refer to our legal team for support in issuing a chargeback.

Contacting Master FX Options

Nothing is harder than establishing contact with a fraudster that doesn’t want to be contacted. To get in touch with Master FX Options, you can either call a US number that no one answers or submit a ticket. There’s also a live chat option, but that apparently doesn’t function either – we never received a response except a notification about all operators being busy.

Scammers like FxActive Broker are also unreachable, unless they contact you first. It’s just one of their safety measures.

Proper Action Against Scam

It doesn’t usually take a lot to conclude a scam has happened. If you find yourself in a seemingly unsolvable situation with your funds locked on a scam website, do not despair. Do not pay any additional fees cyber criminals may ask of you in order to release the funds. 

Please contact our legal experts teams in order to book your free consultation. We will equip you with the information, advice and support needed to get back your funds from financial fraudsters. 

FAQ Section

What is Master FX Options?

This is an investment firm scam that operates under no legal supervision and with a public warning on their conduct.

Is Master FX Options Scam Or Legit?

The project is a total scam, which was confirmed by the Dutch regulator – AFM, that has labeled this firm as a boiler room agents scheme.

What Are Master FX Options’ Investment Plans?

These are the 7-day-earning-plans that demand deposits from $300 to $3,000 for ROI of 700%.

At first glance, some traders might even think that EliteBrokers is legit, primarily because of the offered leverage that fairly complies with Canadian regulations. However, when you realize the company doesn’t reveal any legal information, it’s clear there’s something shady behind the scenes.

That’s why traders have to dig deep into research and find out all they can on time. Even though refund options are often available, you want to avoid trouble first. Therefore, don’t miss a bit in this honest EliteBrokers review.

Legal info: Is EliteBrokers Legit or a Scam?

As a Canadian-based firm, the company should primarily comply with Canadian laws and regulations. These are mainly controlled by IIROC as the main regulatory agency there. However, the company targets other countries, and licenses issued by FCA, CFTC, CNMV, and others would be more than appreciated.

Sadly, this company doesn’t have any. Consequently, their military-grade security is something we’ll all laugh about together. Especially after warnings from AMF, CONSOB, and IOSCO. But that’s not the only reason. There are plenty. One of them is also the fact there are no EliteBrokers reviews even though they claim to have more than 230,000 active traders.

Who are EliteBrokers’s Victims?

Since 2023 this company has spread out fairly quickly all over the world. Marketing nowadays is quite an interesting thing and that’s why nobody’s safe today. Especially traders from: 

• United States
• Mexico
• Dominican Republic
• Spain
• Venezuela

But if you read our Etchrg.com and PrimeBanque reviews you will realize other companies have common interests as well. Also, if you have any issues with any of these, reach our refund experts for advice.

Leverage, Commissions, Spreads, Fees and Taxes

One of the ways the company wants to present itself as legitimate is through leverage. Indeed, in Canada and the US, the maximum allowed leverage is 1:50. But if you get anything higher than that, you better run on time.

Nevertheless, the key problem with this company is hidden trading costs, starting with spreads, commissions and fees. Therefore, it’s unclear how the company profits from its services. But be sure, after all the warnings, there’s only one source of their income. It’s your deposit.

Bonuses

Indeed, yes. Once traders complete the EliteBrokers login process and make a deposit, they will be offered a welcome bonus.

In case they accept them, traders have to meet certain requirements to withdraw bonuses and profits generated with it. Thus, those conditions remain unknown to the public and that’s what makes them questionable.

EliteBrokers Trading Features

Obviously, everything about this broker is designed to present themselves as legitimate. Yet, they are failing hard. When they offer trading signals, 24/7 support, and fake testimonials, you know it’s all made up. But the feature that should concern you the most is found in the download center.

That’s where you can see software like AnyDesk, ScreenLeap, and TeamViewer available. The ones that give them access directly to your accounts and crypto wallets.

Trading Platforms Available

Even though the company advertises a state-of-the-art trading system, the truth is a bit different. Such software solutions include platforms like cTrader, Meta Trader, or DAS Trader Pro.

Sadly, this broker doesn’t offer any of those. Instead, there’s only a web-based platform and it’s a huge warning sign already. But with shady EliteBrokers bonus deals and unclear costs, we can’t expect anything more here.

Available Trading Assets

Generally, the company doesn’t clearly reveal all investment possibilities and that might be a deal-breaker. But if we trust them for a brief introduction, we can expect assets like: 

• Forex – USD/GBP, EUR/AUD
• Cryptos – BTC, LTC
• Commodities – gold, crude oil
• Stocks – Facebook, Apple

Account Types

The whole idea of all EliteBrokers account types is to allow the company’s experts to manage trading accounts. But that’s only possible with unlicensed brokers. In any case, with manipulative web-based platforms and hidden costs, it’s clear you will be tricked at some point. 

After all, that’s why they have account type options like: 

• Starter – $250
• Silver – $500
• Gold – $1.000
• Black – Invitational only!

Mobile Trading App

Another big disadvantage is that mobile apps for the platform are not available. Therefore, accessing your account via mobile can be done only via browser. In fact, that’s one of the things you will hate the most if you are a day trader and use advanced strategies and tools.

Demo Account

If the EliteBrokers Forex company was legit, they would also offer a demo account, primarily to explore all the features and trading costs. Unfortunately, it’s not available. And now you know why we always recommend top-tier licensed brokerages.

Education

Even though some of the accounts include weekly meetings with specialists, be sure that’s not proper education. To learn how to trade properly takes years. Thus, this company doesn’t offer any educational resources, webinars, or live sessions.

EliteBrokers Withdrawal

Important to realize is that the company doesn’t reveal any relatable information to withdrawals. But after all the warnings and scamming tricks, we can’t expect anything more from them. 

To be fair, even if they provide some information, without a license it’s practically meaningless. That’s why you shouldn’t trust anything related to withdrawal processing time, fees, or methods.

Customer Support

If you look at the company’s support working hours you will also recognize irregularities there. Apparently, the company’s support is available 24/5. Yet, the numbers the company provides are available between 9 AM and 6 PM (GMT -5). 

Besides phone lines, you can try reaching them via e-mail and online contact form. But don’t raise much hope for a quick response.

Key Information To Consider About EliteBrokers

Obviously, EliteBrokers withdrawal problems are inevitable. Primarily due to missing regulations, fraudulent web-based platforms, and malicious bonus and withdrawal policies. When problems with these occur, traders should apply for a refund immediately. But with all possible payment options, we strongly recommend all victims talk to our experts first.

In the opening free meeting, you can find out all the steps you need to recover the money. But it’s only up to the victim to decide if they will proceed with it or not. Therefore, we are expecting your message today with a time when you want to get a callback.

FAQ Section

What is EliteBrokers?

EliteBrokers is an allegedly Canadian-based trading company offering FX and CFD trading services since 2023, according to them to more than 230.000 traders.

Is EliteBrokers Legit?

No, EliteBrokers is not legit. Primarily because the company is not regulated anywhere and you can find also three warnings against them.

How to Recover Money From a Scam Broker?

Recovering money depends on the payment solution used. To find out what is your best option, feel free to reach our refund specialists for a detailed consultation.

If you check the website of CMMCI Securities, you might be amazed by the interface. Everything looks friendly and transparent. You can see immediately what is the minimum deposit, leverage, etc. What you do not see, and it’s much more important, is the CMMCI Securities regulation and headquarters. In case of an issue, this is the only thing that matters for you as an investor.

We decided to show it to you in our CMMCI Securities review.

CMMCI Securities Regulation and Security

The broker is allegedly owned by CMMCI Securities Information Company Ltd and based in the UK. However, we couldn’t verify this information in the UK’s company register or the FCA register. None of these has the name CMMCI Securities listed. Long story short, the company is not regulated and, most likely, not even UK-based. It’s just a well-prepared scheme for clients.

Beware of the CMMCI scam, such as EZDSK, SwissFutureFX and MigoTrade.

Issues With Fund Withdrawals

Since the broker is not regulated, there is one question to ask – could you withdraw your funds. And the answer to this question is no, you cannot. Many CMMCI reviews and many clients say the same; withdrawals are a nearly impossible and too complicated process.

All the trades are executed on the MT5 trading platform. The broker offers trading with currency pairs, commodities, and indices only. The leverage is 1:100, which is higher than any regulated broker can offer. As you can see, trading conditions are not ideal.

The minimum deposit with the company is $1,000, while payment methods are not disclosed. There is nothing on withdrawals as well. So, if you wish to deposit your funds, not just will you pay an unbelievable $1,000, but you might pay fees you have no clue about.

Do not fall for the CMMCI scam.

How Does Online Trading Scam Work?

If you’ve ever registered for an ad about trading, you know you’re about to get a phone call. In this call, you’ll be promised anything just to make a deposit. But, here comes the catch. Once you deposit with a company such as CMMCI with no regulation or transparent headquarters, you have nobody to complain to in case of an issue. And the broker knows it well. That’s why companies like CMMCI Securities are exploiting their clients without an actual intention to help them make a profit.

Do not provide your credit card details over the phone; make sure your funds are safe!

Scammed by CMMCI?

If you were scammed by CMMCI Securities, there is a possibility of getting your money back. First, 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 scammed online. In order to file a successful dispute, contact our support via chat. Book the free consultation and get all the assistance you need.

What is CMMCI?

CMMCI Securities is an online trading brokerage without a license.

Is CMMCI a scam?

CMMCI broker has no regulation for providing financial services.

Is CMMCI regulated?

No, the broker is not regulated by any authority body.

Despite not owning any Forex license, these charlatans claim to open doors to most advanced and most lucrative trading opportunities. While this may seem like a deal of a lifetime to inexperienced investors, over a dozen regulatory bodies wouldn’t agree. 

It’s raining regulatory warnings and public alerts, so let’s dive into the story of one of the most notorious scammers currently. Read this Vourteige review to find out how to recognize fraud and avoid it but also recover your funds if already stolen.

Broker That Isn’t a Broker

Owned by Quintero LLC, registered with the SVGFSA, the Vourteige broker operates without a mandatory Forex certificate. While you may think registration with an offshore entity is enough to make a company safe for investing, let us elaborate on how dangerous these conducts actually are.

First of all, SVGFSA is a regulator that doesn’t supervise securities markets dealers. Even if offshore nations had some sort of a regulatory framework implemented, it wouldn’t compare to the legislation imposed by Tier 1 regulators. That’s why you can’t expect proper fund safety, compensation options or negative balance insurance with these firms.

Another confirmation of this broker’s predatory actions towards clients are public warnings, so far posted by FCA, IOSCO, CSA, AFM, FSMA, CONSOB, FINMA, AMF, and FSC. Read our report on the Mekness as well, and how their act fell apart after another public warning.

Fake Ratings Keep Reputation Afloat

Since there’s no broker regulation framework in SVG, the swindlers had to find another way to persuade clients that they’re legit. They did this by creating numerous fake Vourteige reviews on virtually every ratings platform out there.

Each of the sites we checked, TrustPilot, SiteJabber and Reviews.io, have been heavily padded by review seller networks. The truth is starting to surface despite the fake comments, however, as the traders are starting to share their experience. Many of them speak of being exposed to fraudulent strategies we’ve seen too many times.

Typical Boiler Room Fraud

In order to advertise, the hoax uses third-party affiliates to post promotional content on their own Facebook pages. The small online footprint of the company is directly related to the age of their platform. No matter what the schemers tell you, vourteige.com did not exist prior to September 2023.

Majority of the victims are from these areas, and were contacted first by the so-called boiler room agents:

• Belgium
• Sweden
• Estonia
• Switzerland
• United Kingdom

If someone shows interest, they will become a focusing point for several Vourteige scam agents. Calling day and night, they turn the interaction into a harassment nightmare.

People inevitably crack under pressure and invest, only to receive even more calls about further deposits. When traders try to withdraw their funds, the con artists simply cut off communication and leave them hanging. If you need help recovering money from this scheme, contact our team.

Huge Commission on All Trades

In their Fees and Charges document, the company declares a commission on the profits worth 19% charged on every successful trade. That is said after a long introduction about how the firm has chosen to charge the lowest fees on the market because their clients deserve the best. 

Besides these unreasonable trading commissions, no other taxes and charges are revealed. So much for being transparent like they initially promised. Trading parameters are also unclear and there’s only a leverage ratio of 1:200 being mentioned.

Tools of No Use to Anyone

It’s default to pinpoint a single feature provided by this illicit platform which would make joining the portal and creating a new Vourteige login worth it. The website is packed with useless text and not a single valuable piece of information is revealed. Let us show you what can be found on this site but without false marketing. 

Laughable Software

The Vourteige platform is said to be available in several varieties and on multiple operating systems. One of these is a WebTrader, and the desktop and mobile versions are simply called “Terminal”.

After downloading, we’ve concluded that they’re the same web trader, packaged as a standalone program. Of course, the download did not come from official channels like GooglePlay or AppStore.

Software itself is rudimentary and unstable, containing a basic charting tool, asset selection and buy/sell functions. These sorts of programs are common with other swindlers like Epic Trust, and exist only to keep the traders occupied.

Several Asset Groups Offered

The site offers no disclosure on Vourteige trading products. Instead, you’ll have to access the app.

Here’s what we managed to find out:

• Forex – EUR/USD, USDJPY, AUD/CAD
• Crypto pairs – BTC/USD, ETH/BTC, XRP/EUR
• Indices – DAX, Dow Jones, Nikkei 225
• ETFs – SHY, XLE, EPU
• Stocks CFDs – Cisco, Bayer, Intel
• Commodities CFDs – Zinc, Coffee, Crude Oil

Too Lazy to Design Account Types

If you want to sign up for the Vourteige account, you can simply do so by providing several details and your contact information. After that, you will gain access to the user dashboard where you have insight into your account, balance, and transactions. 

However, you won’t be able to choose between several distinctive account types and packages that include different trading terms, bonuses or other features. Along with the lack of transparency that’s yet another reason why you shouldn’t register for a blacklisted platform.

Monetary Transactions and Complaints

Almost every one of the hundreds of negative reviews we found report about stolen investments. All of the deposited funds seem to disappear while the profits are also never available for withdrawing. 

Scammers prevent their clients from performing a payout by coming up with various excuses. Some of the reasons for rejected withdrawals and blocked accounts are surprise bonus terms, trading volume requirements and upfront fees. 

While there’s allegedly wire transfers and crypto currencies supported, different methods are accepted for payouts. This itself is a severe rule breaking and a reason for blacklisting.

Helpful Thieves

Customer help desk functions through the same boiler room agent that got you into the mess. Support will be kind and supportive as long as you’re paying. If you encounter any actual problems, they’ll just stop answering the calls.

Take Back What is Rightfully Yours!

In the end, is Vourteige legit? Our investigation and findings, along with multiple regulatory blacklists are some of the major red flags and solid reasons to avoid this portal. To trade safely and with a piece of mind, consider signing up with a licensed firm instead. 

If, on the other hand, you need legal instructions and support to start a chargeback, we can also help you with that. Contact our chat agents and find out how you can recover your assets quickly and hustle-free.

FAQ Section

What is Vourteige?

It is an online forex and CFD trading fraud. The company has been blacklisted in numerous jurisdictions.

Is Vourteige Legit?

No, the firm operates an illegal, unlicensed business. If you’ve invested any funds with this internet scam, contact our recovery team.

Who Owns Vourteige?

The platform is owned and operated by Quintero LLC, registered in St. Vincent and the Grenadines.

GlobalOnlineFX is not a reliable provider. The focus of our GlobalOnlineFX Review will be the legal background of this alleged crypto trading platform and what the shady website offers in terms of trading. 

We have gathered some evidence against GlobalOnlineFX that will undoubtedly shatter the facade that the scammer cunningly built. Read our analysis to learn how to identify online financial swindlers and how to get money back from them.

Legal Info: Is GlobalOnlineFX Regulated?

GlobalOnlineFX claims to be a legitimate American-based crypto trading company. Yet, the website provided a UK address. After looking it up, we found out that the UK’s Financial Conduct Authority (FCA) issued a warning against a trading scam located at that address. Something is terribly fishy about that address.

And since GlobalOnlineFX doesn’t provide any more info about the legal background, it is evident that the platform is not transparent and unlicensed to provide crypto trading services. Trading with unregulated brokers is risky, which is why we recommend you invest your hard-earned funds elsewhere.  

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

If GlobalOnlineFX scammed you, we can help you retrieve your money!

Who Are GlobalOnlineFX’s Victims?

According to cubdomain.com, the globalonlinefx.com website domain was created on November 18, 2021. Since then, the anonymous con artist has been primarily targeting traders who reside in the following countries:

• UAE;
• Philippines;
• Germany;
• Canada;
• Nigeria.

It is obvious that the scam broker wants to infiltrate major financial hubs around the world. Unlicensed providers such as GlobalOnlineFX and SPmarket24 typically pretend to be legitimate platforms in order to dupe unsuspecting traders. Neither broker respects the regulatory rules of the aforementioned jurisdictions.

Trader Reviews – Sharing Experiences

There are not many GlobalOnlineFX trader reviews. We did manage to find some on scamadviser.com, all negative. Traders expressed their frustration with GlobalOnlineFX and the withdrawal issues they experienced.

More complaints can be found on reddit.com where traders revealed the truth about the unscrupulous trading scam. Read the thread to understand why we were right in our previous sections. GlobalOnlineFX cannot be trusted!

Do not trade on unregulated platforms. We can help you get your money back.  

GlobalOnlineFX Trading Platform

GlobalOnlineFX offers a rudimental and lackluster web platform, just like PrimoTrade. The problem with this trading terminal is that it is ineffective, i.e. there are no advanced features and tools. It can be used to trade five popular cryptocurrencies: Bitcoin, Ethereum, Litecoin, Ripple, and Bitcoin Cash. 

WebTrader contains only basic charts, graphs, and indicators. If you want to truly enhance your trading experience, you need to use cutting-edge software such as MetaTrader 4 or MetaTrader 5. GlobalOnlineFX does not support these platforms.  

Leverage, Spreads and Commissions

GlobalOnlineFX did not disclose the maximum leverage cap. Just keep in mind that high leverage is risky, especially if you’re a beginner who’s trading volatile assets such as cryptocurrencies. High leverage can amplify profits but also losses.

GlobalOnlineFX did not disclose any other trading costs such as spreads and commissions. Furthermore, the broker does not offer a free demo account, only a single live account. Without a demo account, we couldn’t try out the platform and the spreads & commissions. It does not matter because we already debunked all the lies on the website.

GlobalOnlineFX Withdrawal Process

According to GlobalOnlineFX’s website, the payment methods for deposits and withdrawals include the following:

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

The minimum deposit requirement is 200 US, which is not worth the risk. As for the deposit and withdrawal fees, GlobalOnlineFX does not disclose anything. Since some traders complained about not being able to withdraw funds, we will tell you a bit more about the chargeback procedure.

Funds deposited via MasterCard and VISA credit/debit cards can be refunded via a chargeback, which can be requested at the issuing bank within 540 days. Wire transfers can be reversed via a recall but this action can only work for transactions that are not yet complete.

Key Facts To Consider About GlobalOnlineFX

GlobalOnlineFX is an unlicensed crypto trading scam allegedly based in the United States. The main targets of GlobalOnlineFX are traders from the Philippines, Nigeria, Canada, Germany, and the United Arab Emirates.

The platform is unregulated. Many traders had issues with GlobalOnlineFX, which is the main reason why we do not recommend this platform.

If you lost money to the GlobalOnlineFX scam, please book your free consultation with us and tell us more about your case. If you need professional assistance in recovering your funds, our team will gladly guide you through the chargeback process.

We also offer professional crypto-tracing services, in case you deposited your funds via cryptocurrency payments.

Book your consultation with us today and start the chargeback process.

FAQ Section

What Is GlobalOnlineFX?

GlobalOnlineFX claims to be an American crypto trading platform with a web-based trading terminal.

Is GlobalOnlineFX A Scam Or Legit?

GlobalOnlineFX is undoubtedly a scam. The website is not transparent and the broker is not licensed.

How Does GlobalOnlineFX Work?

GlobalOnlineFX is supposedly a crypto trading platform. If you invested money in it, we can help you get it out!

AFS Equity is owned by AFS Equity LLC. This corporation doesn’t provide any ownership information to the clients. Once we did our research thoroughly, we found that there is no information available about the headquarters country.

Therefore, we can’t know under what country legal jurisdiction they comply. Besides that, the company doesn’t have any license for trading on Forex and CFD.

Details About The AFS Equity Broker Scam

Starting from the website it is anonymous. They are luring their clients with false advertisements about automated systems. Agents are trying to sell you your dreams.

Since the company doesn’t have any regulations, your funds wouldn’t be safe at all. Moreover, you don’t have anybody to contact since they don’t provide any customer service phone.

Checking every detail about AFS Equity, we found it’s nothing but a scam. If you just look for standard information, you can’t find it. Whether it’s a license, registration or phone number. Avoid this company for good.

Arguments For Trading With a Licensed Broker

First, a licensed broker needs to disclose a license number for trading on Forex and CFD markets. Second, they would provide with headquarters country, registration number, contact and ownership information.

All of that is missing with AFS Equity broker. We wanted to double-check and in the register of Tier 1 Regulators, we found nothing about them.

For example, those would be FCA, BaFin or ASIC.

Financial Regulators’ Warnings as a Red Flag of a Scam

The situation is even worse when a company has warnings against it. Like AFS Equity trading has. Before that, they would maybe get out with some shady explanation.

But now, when you know that regulatory institution is warning against it, it’s serious. We found such a warning with AMF Quebec.

Analysis of Customer Reviews Related to AFS Equity

If you check other AFS Equity reviews all you’ll find are negative reviews. Only people who are complaining about losing money with this trading scam.

Unfortunately, it’s only a few people expressed themselves about this scam. We found only 1 review on Trustpilot which is rated 1 star. Others might be removed.

AFS Equity Trading Platform – Available Trade Software

As the company states, its trading platform is earning awards on every corner. Reality is a bit different. Besides lies about the availability of the MT4/MT5 trading platform, their web trader is nothing but trash.

It offers only a limited amount of TA tools and nothing of newly developed trading options. So, we can say that advertisement for MT4/MT5 is just a trick to get you on board. 

What Financial Instruments Does The Platform Include?

The company offers access to 5 classes:

• Forex                      USD/JPY, NZD/CAD, GBP/EUR
• Commodities           Natural Gas, Gold, Platinum
• Indices                    DowJones, FTSE100, CAC40
• Stocks                     Microsoft, Facebook, Pfizer
• Cryptocurrencies    BTC, BNB, LTC

The problem is if those assets have real-time data. Many platforms like these, could be manipulated through the back end. The reason for that is to present fake profits to its clients.

As a result, people end up throwing more money away to these bogus scammers.

Areas Of AFS Equity Scam

AFS Equity broker is scamming traders from:

• Canada
• Australia
• Spain
• Italy

This way they cover a wide range of languages and populations. These countries don’t have so developed security against scammers. That’s exactly why they are directly targeted.

AFS Equity List of Account Types

This company offers 4 different live trading account types. Those are:

• Standard     1000$
• Silver           5000$
• Gold            25000$
• Platinum      50000$

Accounts are more probably fictive. The idea is that you have cards to play when you miss ideas on how to lure clients to put in more money.

AFS Equity Demo Trading Account

Unluckily, this broker doesn’t offer access to a demo trading account. Those are speculative amongst traders.

Some say it’s good to check the availability of the features. Some say it’s dangerous because you learn how to risk money.

Try it out yourself and see how you like it. But make sure you do that with a licensed company.

Register by Entering a Promo Code

To register with the company a Promo Code is required. Usually, those are obtained directly through a broker agent.

As a result, they trick you to bring more people in by offering some advantages and benefits in trading. That’s why those people who got recommendations get a promo code.

Promo code for a disaster if we could say.

Bonuses and The Terms of Their Receipt

Another trick from the sleeves is bonuses. Those are not allowed in any regulated company. Especially not the ones with Tier 1 Regulations.

If you deposit another 50.000$, you get a 50% bonus on top of that. You would think it’s a great deal.

But once you get information that you need to make 30 times more than that bonus it’s too late.

AFS Equity Terms and Conditions

All terms and conditions mentioned on their website are questionable. Since they are not licensed, they can write whatever they want.

Moreover, even those written are not completely clear. And the only way to find out whether it is reliable is to try it out.

To sum it up, you better check AFS Equity reviews, before making your first moves.

Leverage, Spreads and Commission

Leverage information is not disclosed for all assets. It’s only mentioned that you can get a 1:5 ratio for BTC trading. For a volatile asset like Bitcoin, even this is too much.

Spreads range from 1.3 up to 2. Those are insanely high compared to what licensed trading companies are offering.

A commission for all account types is 0$. They don’t present any hidden fees or charges. But you never know with scammers like these. 

AFS Equity Broker Scammed You? – Please Tell Us Your Story

You should not blame yourself if you were caught in a scam. You can learn from your experience. Next time, after an AFS Equity review like this you will know what to do.

In any case, if you were a victim, there is still a solution. To get a free consultation about a chargeback process, get back to us now!

What Is the Chargeback Procedure?

It’s not a magic wand, but it is a powerful tool. If you have knowledge about chargeback in your arsenal you shouldn’t be worried.

It is simply reversed transaction when a Debit/Credit card is used. Usually, cardholders request a chargeback, but it can be performed by a merchant as well.

To know what is your first step, contact us now!

FAQ About AFS Equity Broker

What Is AFS Equity?

It is a non-licensed anonymous trading company offering services to clients from Canada, Australia, Spain and Italy.

Is AFS Equity a Scam Broker?

Absolutely. They are hiding all crucial information about themselves.

Is AFS Equity Available in the United States or the UK?

Because of the high level of security, they don’t provide services to US or UK clients.

Does AFS Equity Offer a Demo Account?

AFS Equity doesn’t offer a demo account but only live trading accounts.