For a company that allegedly operated since 2005, this broker sure leaves the impression of a recently registered fraud. One less domain means nothing to an unscrupulous scheme – they just hop over to another one.

Not only is there no legal information on the site, but we also couldn’t find anything about this firm except warnings from financial regulators. Read all about it in our PS Wealth Pro review.

Nameless Bunch of Frauds

It is entirely unknown who operates this company, where they are located, and if they’ve been legally registered at all. Any information pertaining to who is behind the entire scheme is carefully hidden from the website visitors. 

Although we looked for legal documents to try and determine what entity runs the site, we were unsuccessful. You see, even the mandatory legal information was missing. It is most likely that the PS Wealth Pro broker doesn’t exist as a firm in the first place. The unscrupulous project is most likely entirely tied to the websites.

Safety Not Guaranteed

Licensed service providers like SwissBorg are easy to stop. They operate transparently and implement all of the necessary safety measures. This especially refers to the segregation of funds, negative balance insurance, and compensation options. 

In addition, all well-regulated online financial services providers in the UK also don’t offer bonuses and limit their leverage to just 1:30. One concrete proof of this company being illicit is the fact that their maximum allowed leverage is 1:200! Therefore, the PS Wealth Pro scam has recently been blacklisted by the FCA, which was only to be expected due to such poor brokerage practices.

Newly Opened Site

We immediately knew the whole story about this alleged premium brokerage operating for over 20 years was a blatant lie. After checking the website history, we determined that it has only been operational since 2024. At least the one that still isn’t shut down (pswealth.co).

So far, it looks like the crooks have got their sights set on the wallets of UK traders in particular, as the highest number of complaints came from these countries:

• United Kingdom
• Germany
• Spain

User Reviews – All Fake

One amount of the PS Wealth Pro reviews can still be found on Trustpilot, although that domain is no longer operational. These user ratings are all fake and the company representatives even go as far as replying to them, making the whole charade look that much more realistic. This is a common tactic used by swindlers to deceive their potential victims into believing they’re legit.

The firm’s ratings are also posted on Reviews.io, but out of 121 reviews, the average rating boils down to 2.1 stars, reflecting the quality of service far better.

Accounts Abnormally Priced

Delivering nothing but premium trading tools and features is what this con artist claims to be their entire goal. We have to admit that the packages promise various amenities, from personal assistants to fee discounts of up to 90%. 

However, none of these claims hold any truth, considering the fact they come from a blacklisted trading portal. Even if these features were offered, that still wouldn’t justify the pricing, which resembles that of offshore platforms like Bullwaves: 

• Bronze – $5.000
• Silver – $15.000
• Gold – $50.000
• Platinum – $100.000
• Diamond – $250.000
• Premium – $500.000
• Vip – $1.000.000

Tradingview Charts – Not a Terminal

First off, to be able to explore and test the PS Wealth Pro trader, you’d first have to be a member. 

To achieve that, you need to leave all your personal information and then contact support that does the brainwashing and money extortion. Or you can just enjoy some free market previews via the TradingView widgets. Without login credentials, we weren’t able to examine what platform is supported – the same as if no terminal was provided at all!

Fees – Critical Scam Factors

Since no legal documents are posted on the site, we could not further investigate how this brokerage charges for their services. Naturally, costs apply to amenities provided, as this is how all firms of this type earn. Unfortunately, these con artists tend to deny they charge anything in order to deceive their victims and get them to sign up.

The only PS Wealth Pro trading parameters we did see reveal is the leverage, capped at an alarming ratio of 1:200, which is definitely not legal in the countries they target.

Beware of Shady Transfers

Not a single withdrawal method is mentioned in the web presentation made by the swindler. Anyone with a PS Wealth Pro login can probably access the user panel and explore what transfer channels are supported. This is not something worth signing up for, however, so we definitely do not recommend you try it.

What’s most likely the case is that only cryptocurrencies are accepted because this facilitates quick theft and cybercrime. Therefore, please avoid investing with firms that are not transparent, not regulated and not genuine.

Lacks Contact Information

If you’d like to get in touch with client assistance, you are forced to use the online form and wait for the reply to arrive in your email. 

Unfortunately, when we tried to submit the ticket, we never got any kind of response or solution to our sign-up problem. Therefore, whatever issue you may be facing related to investing on this site, don’t expect to get any kind of support.

Contact Us Instead!

Have you perhaps noticed that funds are missing from your trading account, yet your broker agent is not replying to your repeated attempts to get in touch? It’s a good moment to start thinking about chargeback. 

Now, you might wonder if there is even a way to get your stolen funds back. We can confidently claim that with the right legal support and competent recovery agents at your side, you can indeed recover any lost assets. Contact us for more information and book a free consultation at your convenience. 

FAQ

Why Are The Broker’s Websites Inactive?

This commonly occurs when a brokerage has violated regulatory laws. In this case, it is also the reason why the company is blacklisted.

How Do I Get My Funds Back?

If you have invested any sum in this terminal, please follow the instructions of our chat agents and book a meeting with our recovery experts.

Extordo company is owned by Etheria Solutions LLC. As the official address, the company claims to be one in the UK. However, the company is registered in St. Vincent and Grenadines. Which is a red flag already at the start.

Not only that, but many more discrepancies are coming with Extordo broker. Read this Extordo Review carefully to find out all the warning signs and what to do if you were their victim.

Legal info: Is Extordo legit?

Absolutely not. The company is registered since 2022 in St. Vincent and Grenadines. For less than two years, they are operating worldwide. Thus without authorization. Primarily, FSASVG doesn’t issue trading licenses anymore. Therefore, this broker should get licenses in the countries where they operate. In this case, FCA and ASIC. But also we are checking other trusted regulator registers like BaFin and CFTC.

Thus, the results were disappointing. Starting with the ones from the FCA. Because the company claims to have an office in the UK. After this, you already know that you will just throw your money away with this broker.

Who are Extordo clients?

Surprisingly, Extordo.com is mainly scamming traders from:

• France
• Estonia
• Israel

But whatever country you are coming from, check first with domestic regulators about the broker. This way you ensure that you get maximum protection. If you had any troubles with the Extordo scam broker, feel free to contact us. A refund might be your solution!

Traders Reviews

If you check Trustpilot reviews, you might think this broker is legit. In less than 2 years they got 104 comments on the platform. Most of those with the highest rating. But what’s strange is that many comments are with generic names. Many of those from France and Switzerland are hardly domestic.

Thus, the negataive ones come from traders in the US, UK and Australia. If you are coming from any of those countries be careful. In case you have trouble with withdrawals, our team is available for consultation. Free of charge, most importantly

Leverage, Commissions, Spreads, Fees and Taxes

For allegedly UK-based broker they have quite mysterious trading conditions. The company doesn’t reveal any information about leverage, fees and spreads. Have in mind that leverage is risky. Therefore, European regulators limited the maximum allowed leverage to 1:30.

Important to realize is that scam brokers like Extordo can use different tactics to extract more money. Such as withdrawal fees or non-existent taxes. Be aware of those if you want to avoid becoming their next victim. For the same purpose, you might as well read our latest FxActive review.

Extordo Trading Features

All the trading features are irrelevant if the company doesn’t offer protection. Nevertheless, Extordo doesn’t offer any advanced features. Only basic trading functionalities, without Expert Advisor or copy-trading features.

          Is Extordo legit?

To sum it up, no. The company is misleading traders to believe their legitimacy. One of the ways to get their trust is through the UK address. But a little digging reveals their lies.

         Available Trading Assets

Instruments availability with Extordo broker is quite solid. But it’s worthless without adequate tools and protection. Anyway, you can trade with assets from 6 classes

• Forex            (GBP/USD, AUD/HKD)
• Commodities (natural gas, gold)
• Indices          (UK100, US500)
• Shares          (AMD, Nvidia)
• Cryptos              (BTC, ETH, LTC)
• ETFs            (QQQ, IBB)

         Account Types

With Extordo broker you can choose between 5 account types. Those are: 

• Student                     $250
• Standard               $5.000
• Investors               $25.000
• VIP                           $50.000
• VIP Platinum             $100.000

However, the only benefits broker promotes are trading signals, full education content and better spreads.

         Mobile Trading App

Mobile trading with Extordo broker is only available via browser. Sadly, the company doesn’t offer a dedicated mobile app. Therefore, iOS or Android device traders might look for different options.

         Demo Account

The crucial downside of this broker is missing a demo account. Therefore, you can’t test out their services and your skills. Thus, they expect you to trust them on their word.

         Education

In fact, the educational package is another failure of this scam broker. Even though they mention education on their website, such a page doesn’t exist. On the other hand, with licensed brokers, you can find many more educational materials and even live sessions.

Extordo Withdrawal

Generally speaking, those generic reviews about the company would say everything is nice and shiny. But don’t forget that the company is not regulated and operates offshore. Funding methods are quite unclear with the company because they use icons of trusted payment providers.

Also, the company offers bonuses that are banned in Europe. So every clue points out potential issues with withdrawals.

Customer Support

Extordo customer support is potentially available via a couple of methods. Those are two phone lines, e-mail and social media. Oh no, social media doesn’t work on their website either. It’s non-existent like many other functions.

Without transparent working hours, you can only guess when are they working. But even if they are working, will they respond remains the question. Most likely, depends if you want to deposit or withdraw the funds.

Key Information To Consider About Extordo?

As can be seen, there are many flaws in this broker. Starting with a false address and misleading facts about registration. Also, the company is not licensed anywhere and lacks transparency in terms of trading conditions, fees, commissions and withdrawals.

FAQ Section

Is Extordo Safe?

No. The company doesn’t provide any funds protection measures. On top of that, Extordo is not a licensed broker.

How Does Extordo Scam Work?

Broker lures traders on social media with attractive adverts to make initial deposits. After that, it’s all constant pressure to deposit more. Yet, to withdraw money is mission impossible.

How To Withdraw Funds From Extordo?

Traders can request withdrawals directly through their web-based platform. But if you face any issues or you did already, contact us to assist you with the refund.

DashStamp is an alleged UK-based brokerage with an entire website in German. Since we’d expected to see an English version, we were alerted from the very start.

Furthermore, the brokerage has no legal documents, and its obscure website information left us unimpressed. Read this detailed DashStamp review for more.

On top of that, we seriously recommend you not to invest in the fake brokers Solana Markets, Gis Capital, and IKICI. Do not trade with these unlicensed brokers if you want to save your money!

Is it Safe to Trade With DashStamp Broker?

Simply put, it’s not safe to trade with a DashStamp broker. We’ve checked its entire web page and found nothing about the regulation or the legal jurisdiction. Their alleged address in London implies that the FCA should license the brokerage. Additionally, some of the website sections suggest the license.

Upon checking the databases of the FCA, but also other Tier1 license providers, such as BaFin and CONSOB, we found a warning about fraud.

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

Licensed brokers provide financial security. They follow strict rules imposed by the regulators and cannot easily bankrupt or vanish with your funds. 

On the other hand, scammers don’t comply with any license regimes. They can shut down the website and disappear, making it hard for you to retrieve the money.

So Is DashStamp a Decent Broker or a Scam?

DashStamp is an online scam brokerage. It’s currently under investigation by the German regulator, BaFin, and Federal Criminal Police.

Warnings From Financial Regulators

DashStamp has been blacklisted by the German financial authority body, BaFin. According to the warning, the Federal Criminal Police has started investigating the brand and its alleged owner, DashStamp Ltd.

Clients are advised to avoid this scam brokerage. Further, they have been informed that they cannot get reimbursed by the regulator or get help from the financial authorities.

What Trading Software Does DashStamp Broker Offer?

The brokerage advertises only one trading platform – WebTrader. However, the software is inaccessible before making an initial deposit.

Since we know about DashStamp’s regulatory status and general reputation, we were unwilling to risk any funds. Therefore, we cannot confirm the existence of any platform and whether you can actually place any trades.

AnyDesk and TeamViewer – Access To Your Bank Account

If you scroll to the bottom of the main page, you’ll find links to download AnyDesk and TeamViewer. These are remote desktop access apps, enabling the person from the other side to access everything you have on your device.

If you approve their access, broker employees can get not only to the trading platform but also your online banking and crypto wallet. Once they do so, they can wipe you off your funds in a blink.

DashStamp – Countries Of Service

This financial swindler mainly offers its services to residents of:

• Germany
• Austria
• Sweden

Other areas in the EEA zone have been hit by the scam as well. Wherever you reside, ensure you recognize and decline DashStamp broker.

What is more, we strongly advise you not to invest in Allfina Group, Cryptos Circus and HubbleBIT fraudulent brokers.

Early Bonus: The Terms of Its Receipt

DashStamp offers its customers an incentive called an early bonus. We can assume that they imply a deposit bonus or a welcome bonus. However, there are no specified terms.

Note that bonuses are prohibited in most EU countries since scam firms abuse them. Typically, they add malicious clauses to their terms, saying that you cannot withdraw your funds before reaching an impossible rollover. In this case, we don’t even have any terms in writing.

What Is Known About DashStamp’s Trading Conditions?

DashStamp offers its clients investing in the following assets:

• Currency pairs – EUR/USD, GBP/AUD, CAD/JPY
• Commodities – gold, silver, natural gas
• Indices – Dow Jones, NASDAQ, DAX30
• Shares – BMW, BOA, Google
• Cryptocurrencies – BTC, BCH, USDT

The leverage is mentioned as an option but not specified. Without platform access, we cannot confirm how much the spread is or if there are other trading fees.

DashStamp Withdrawal Methods and Fees

Unsurprisingly, the website lacks information about withdrawal methods and fees. Additionally, the minimum deposit and payment options are not specified either.

According to DashStamp reviews, withdrawing your funds from this bogus brokerage is impossible. Once you submit a request, the broker employees will try to dissuade you. If their nice talk doesn’t work, they’ll block your access to the trading account.

This is a typical method of operation for offshore scammers. Don’t fall for it.

Scammed by DashStamp Broker? – Let Us Hear Your Story

Suppose you’ve been involved with a DashStamp broker. Most likely, the situation doesn’t look good. If you have any withdrawals issued, contact our chargeback specialists. They might be able to assist with the recovery process.

But What Is A Chargeback?

If you’ve used your credit or debit card to make a deposit, you can submit a dispute with your bank within up to 540 days. Your bank can claim the funds back from the merchant if you provide sufficient evidence of fraud.

For more details and help, book your free consultation with us. The more information we have, the better we can help.

What Is DashStamp?

DashStamp is a scam brokerage without a valid trading license.

Is DashStamp a Scam Broker?

DashStamp has been conducting financial fraud, proven by a warning from the German regulatory body.

Is DashStamp Available in the United States or the UK?

DashStamp is available in the UK but doesn’t operate in the US.

Does DashStamp Offer a Demo Account?

No, this trading firm doesn’t offer a Demo account or any access before making an initial deposit.

Before opening an account with any broker, for sure it will cross your mind. Could you be scammed? Could this broker be not what it seems? To help you resolve this dilemma, read our in-depth NordFX review. We made sure to answer all of your questions.

Regulation and Security

NordFX is a broker owned by NFX Capital CY Ltd. The company is based in Cyprus and regulated by CySEC. Besides this entity, the company also has entities in Vanuatu and Scotland, UK. In Vanuatu, it is operating under the name NFX Capital VU Inc and has VFSC regulation. In the UK the company is registered under the name NFX Capital VU LP, as a branch of the Vanuatu company. However, the company does not have FCA regulations.

The previous name of this company was Vinst Capital Ltd, registered with CySEC in 2014.

When it comes to the safety of the funds, as per CySEC, funds are kept in segregated accounts.

However, we were unable to find the information in which banks are the funds held.

NordFX Warnings

We decided to check who this broker really is, and we had what to see. Portuguese CMVM warned against this broker. Seems that the broker was using its Vanuatu entity for clients from Portugal. We have to ask why, if the company has a CySEC license, and can operate legally. Was it a part of a scam, or an honest mistake? It is left to be seen.

In which countries does this broker work?

NordFX broker is operating within the EEA zone according to CySEC regulation. As a CIF, it can provide services in third countries if it complies with its trading regime. Based on this, the broker is legally operating in Belarus, Belize, Kazakhstan, Thailand, UAE, Ukraine, and Vanuatu. According to its website, the company does not have restricted countries. Outside the EEA zone, clients belong to the Vanuatu entity. Since this entity is offshore, we advise clients to be careful.

Is your money safe with NordFX?

NordFX broker does not have the best reputation amongst its clients. We noticed many NordFX reviews where clients complained that they cannot withdraw funds from this broker.

Also, if you are not coming from the EEA zone, you are falling under the Vanuatu entity. This entity is offshore, and the reason for a broker to go offshore is obvious. Less strict regulation, and more gray zones.

Therefore, we would advise every client to check under which entity of NordFX broker it belongs. If you find out that you will be trading with NordFX Vanuatu, be extremely careful. Or better yet, choose a broker with tier-1 regulation such as FCA or ASIC.

The broker is using the MT4 trading platform and the minimum deposit is 10$.

Scammed by NordFX? What to do?

If you were scammed by a NordFX broker, contact us immediately. We will help you request a chargeback and get your money back. Do not waste more time, get in touch with us now!

Is NordFX a good broker?

NordFX is a broker registered in Cyprus and Vanuatu. All the clients trading with its offshore entity are in danger due to offshore regulation. Be careful when starting with this broker.

Is NordFX a Scam?

NordFX has CySEC and VFSC regulations. However, there are regulatory warnings against this broker and many bad reviews. We advise traders to be careful.

Is NordFX regulated?

NordFX is regulated by CySEC and VFSC, Cyprus, and Vanuatu regulatory bodies.

Where is NordFX broker based?

NordFX is a broker based in Limassol, Cyprus. It also has entities in Vanuatu and Scotland, UK.

Appropriately named Cryptos Circus, this trading firm is entirely anonymous. Instead of providing customers with information about the owner, legal jurisdiction, and more, we’ve got nothing. Investing in your funds with this particular brokerage equals giving it to any stranger on the street. They can vanish, and you can lose everything.

Read our in-depth Cryptos Circus review. We highlighted the main issues.

What is more, we strongly advise you not to invest in MilleniumOne, AlfaBTC and Capitality fraudulent brokers.

Is Cryptos Circus a Trustworthy and Licensed Broker?

Upon checking the broker’s website and legal documents, we can say that Cryptos Circus is not a trustworthy broker. On that note, it’s not licensed either. In fact, it imposes a risk on your funds due to its anonymity.

Typically, when companies plan on scamming as many clients as possible and vanishing, they fail to give any basic details. They don’t want to deal with lawsuits or complaints, and this is the way to ensure it.

Reasons Not to Trust an Unlicensed Broker

As presented above, if you have no owner and no authority to verify the owner, you cannot file any complaints. Furthermore, you can’t take any legal action as there’s no company in charge.

Regulated firms must follow strict rules and have significant capital, compensation funds, and more. Unregulated financial swindlers can simply disappear. And there’s nothing you can do about it.

Is Cryptos Circus a Scam?

Cryptos Circus is an anonymous trading website. The brokerage has been blacklisted by the Ontario Securities Commission for providing unregulated services in the business of trading in securities.

Warnings From Financial Regulators

The Canadian regulator has issued an official warning against Cryptos Circus trading scam. According to the Ontario Securities Commission, cryptos-circus.com is not registered to engage in the business of trading in securities.

This is your final and official proof that the broker is illicit. Don’t fall for the scam.

What Do Traders Think Of Cryptos Circus?

This trading firm has earned a negative reputation due to withdrawal issues. According to reviews, customers are supported to invest, but their accounts are blocked once they ask for a payout.

This is a typical MO for scheme firms. They will do anything to get ahold of your funds and then stop all communication and freeze your access to funds.

Cryptos Circus Offer WebTrader Platform? – Available Trade Software

Cryptos Circus offers a web-based trading platform. It’s a rudimentary trading tool without any advanced trading features. Customers can overview their trades, trading history, and available assets. Yet, there are no tools such as automated or social trading or a possibility for any advanced trading strategies. 

Instead of wasting your time on some barely functional tools, find a legit broker offering MT4 or MT5. This software has proven to be the best investment tool with the largest number of technical and analytical indicators.

Cryptos Circus Accounts Overview

There are 3 Cryptos Circus account types you can choose from. They are:

• Starter – 250 EUR
• Premier – 250 EUR
• Elite – 250 EUR

According to the website, each account brings the same perks, spread, and functions. Thus, it’s unclear what the point of having the same type of account is.

Cryptos Circus Broker – Countries Of Service

This trading brokerage mainly provides its services to the residents of:

• Canada
• US
• Germany

Thus, OSC issued a warning against fraud. We expect other regulators to react quickly and expose Cryptos Circus as a trading fraud.

Deposit Bonus and Bonus For Bringing A Friend 

The company offers a deposit bonus of up to 30%, added to your account within 2-5 business days. We have up to 20% bonus for each customer bringing their friend. 

Bonuses and other incentives are banned by the most significant regulators. Scam brokers were exploiting them to prevent customers from getting withdrawals before reaching an impossible rollover.

As you see, Cryptos Circus goes against regulations and with a malicious clause. According to it, customers need a rollover of 25 times the deposit plus the bonus amount before being eligible for a withdrawal.

Cryptos Circus Range of Trading Markets

Despite its somewhat misleading name, this firm offers trading in all 5 major markets, including:

• Forex – AUD/CAD, GBP/NOK, USD/ILS
• Commodities – gold, palladium, natural gas
• Indices – Dow Jones, FTSE100, AUS200
• Shares – Amazon, Apple, Google
• Cryptocurrencies – ADA, LTC, BCH

Also, remember the names of the BullGeko, AltoFX and Interactive Fund trading scams and avoid them at all costs! Moreover, always check the background of online trading companies before investing!

What Is Known About Cryptos Circus’s Trading Conditions?

There are very few things we know about trading conditions. As explained, legal documents don’t provide any information, including this. The leverage is unspecified, meaning that you cannot assess trading risks.

The spread for all account types is said to be 1.4 pips. However, since we already elaborated on the account type offer being invalid, it’s unknown what to expect regarding the spread and other trading commissions.

Cryptos Circus Minimum Deposit and Unfavorable Withdrawal Terms

This company requires a minimum deposit of 250 EUR. If the firm was legitimate, it wouldn’t be that bad. But it’s not.

Withdrawals are subject to hefty fees of 50 units for wire transfers and 25 units for card withdrawals. A levy fee of 10% will be charged from all accounts that haven’t reached 200 in a rollover. Assuming it’s 200 lots, this broker wants you to achieve a rollover of $2 million before submitting a withdrawal request.

What Payment Method Does the Broker Accept?

The broker accepts:

• Debit/credit cards
• Wire transfer

The minimum withdrawal amount is also 250 EUR, which is rather high and limits your ability to get your money back.

Scammed by Cryptos Circus Broker? – Let Us Hear Your Story

If you were scammed by Cryptos Circus, you could claim a chargeback. Instead of letting a scammer run with your life savings, you ought to fight back. Our experts are here to help. Contact us to book a FREE consultation and we will evaluate your case thoroughly.

But What Is A Chargeback?

This is a way for your bank to get your money back from the merchant. The procedure is time-limited to up to 540 days. So, don’t waste your time. Get in touch now and let’s act!

What Is Cryptos Circus?

Cryptos Circus is an online trading brokerage without a license.

Is Cryptos Circus a Scam Broker?

Cryptos Circus is a trading scam exposed by the Canadian regulator, OSC.

Is Cryptos Circus Available in the United States or the UK?

The firm provides trading services in both countries. However, it does so without any financial authorization.

Does Cryptos Circus Offer a Demo Account?

There’s no free Demo account. Customers have to deposit the money before being able to place any trades.

Navigating the crypto investment landscape is a difficult task. The regulation does exist, however, and this firm is not one of the licensed entities. While this may empower less honest individuals to steal from their clients with impunity, we will show you how to recognize them.

Learn how professional internet fraudsters use high-profit margins as bait to steal crypto from their victims in our PrimesGain review.

Not a Real UK Firm

According to the website information, the PrimesGain broker is owned by PRIMESGAIN, allegedly registered in the UK. There isn’t a single business registered under this name in the UK Companies House database of legally incorporated entities.

Since this search gave back no results, we also tried searching for the address that the firm claims to be registered at. However, the same register says that there used to be another firm called PRIMES CASH COMPANY INC LTD. The business was registered in September 2022 and dissolved via compulsory strike-off in February 2024. The nature of the business was the activities of investment trusts. The site we’re reviewing doesn’t belong to a legal entity at all!

Blacklisted by FCA

Companies that claim to be licensed online financial services providers in the UK have to be licensed by the Financial Conduct Authority first. FCA imposes strict regulatory directives that ensure clients’ funds are safely kept and that investment platforms cannot misappropriate users’ deposits.

However, this very authority has alerted the public regarding the investment scam we’re reviewing. The company has had both of their domains blacklisted. IOSCO and AFM reposted this document. 

Who Do The Frauds Focus On?

The con artists originally created primesgain.com some time during 2023. When the site was noticed by FCA, the conners quickly shut it down and put up another one – primesgain.net. This domain was created in July 2024 with the goal of defrauding people from these nations:

• United Kingdom
• Netherlands
• Belgium

Because neither of these sites has been active for a prolonged period, the PrimesGain reviews on popular rating sites are scarce.

Con Scheme Explained

The PrimesGain trading hoax is a predatory money sink, in simple terms. It’s a fake platform intended to take cryptocurrencies from unsuspecting marks. The people behind the scheme work in a so-called boiler room, which is best explained as a scam call center. They will claim to be financial professionals and pitch promises of huge profits and passive income.

Of course, it is all a ruse, just like with the Nominex scheme. While regulated firms handle the initial purchase of crypto, the swindlers will insist the coins be deposited in their crypto wallets. The funds are not lost, however, and our experts can still help you recover them.

Luring Victims With Unrealistic Profits

It is not so much of a trading app, as the company does not allow clients to trade anything. Instead, clients are urged to buy an investment plan:

• Standard – $50; 5% daily ROI for 4 days
• Business – $5,000; 11% daily ROI for 7 days
• Professional – $10,000; 16% daily ROI for 7 days
• Enterprise – $15,000; 26% daily ROI for 7 days
• Promo – $1,000; 400% ROI in 24 hours

The Promo package is only available through the client dashboard. The ludicrously high profit margin entices marks to make a quick emotional decision. An additional affiliate bonus of 5% is intended to attract more victims through word of mouth.

Nothing Said About Costs

You won’t find cost information anywhere on the site or in the client area. The company never outlines any fees, commission, or any similar charges. The only place where you can find some information is in the FAQs, which state that there are no hidden fees. This is something Titan FX says as well, and we know it to be complete hogwash.

Once a client starts considering a withdrawal, schemers will invent a myriad of different charges to squeeze out more money. In what is known as an upfront fee scam, the funds won’t be deductible from the account balance. Don’t fall for this trap! Contact our legal experts and seek help with your recovery!

Conflicting Withdrawal Information

There are plenty of ways one can invest in the company, the swindlers have made sure of that. Their deposit channels include e-wallets (PerfectMoney, Skrill, Payeer, AdvCash) and crypto wallets (Bitcoin, Bitcoin Cash, Litecoin, and Ethereum).

To learn about PrimesGain withdrawal, we had to consult the FAQs one more time. We found out that the minimum withdrawal amount for most e-wallets, LTC, and ETH is $0.1. At the same time, $2 is the minimum for Skrill and BCH, ETH, and LTC, and $12 for BTC transactions.

You might have noticed that the minimum payout amounts overlap, meaning this information is complete hogwash as well. The Terms and Conditions document doesn’t address the topic at all.

No Replies From Support

Since the support phone number is only revealed to VIP members, others may only use the online form and email address to get in touch. In all honesty, we didn’t expect any particularly special treatment, but no response at all is simply unacceptable. 

While claiming that all clients are tended to, these swindlers don’t even bother responding to any support tickets.

You Can Still Get Your Funds Back!

Before committing your hard-earned money to any investment project, you should double-check the firm you decided to do business with. If they’re not properly registered or have even been blacklisted, that’s your sign to keep away.

If you, perhaps, thought it was a good idea to invest in the PrimesGain scam and lost cash to cons, it’s still not too late to start a chargeback. Our recovery experts can offer legal advice and support. All you have to do is contact our chat agents and book a free consultation.

FAQ

Where is PrimesGain Registered?

The company presents false incorporation data and is actually blacklisted in the same country they claim to operate from.

How Can I Withdraw Cash From PrimesGain?

Despite the firm reassuring their clients all payouts are almost instant, this is not true. You won’t be able to withdraw anything unless you get professional help with recovery. For more details, contact us.

VideForex was back rebranded in 2022, with the new owner but the same habits. This firm provided illicit financial services, was blacklisted by several regulators back in 2019 and laid low. However, it’s back with new scheme methods, and we will elaborate on them all in our VideForex review.

What About VideForex Regulation?

VideForex belonged to Algobit Ltd, a firm from Seychelles, blacklisted for several brands, including AstroFX. Since this owner was on the radar, VideForex got a new owner – Involva Corp. and moved from Seychelles to the Marshall Islands.

Did the VideForex regulation status change? Not really.

In addition, we strongly advise you not to invest in TradingBloom, Finazio and Roicraft fraudulent brokers.

Why Must a Broker Have a License?

Brokers are obtaining a license to show they are following certain monetary standards and ensuring their clients that they are not simply going to vanish with the money. Also, most Tier1 regulators are taking precautions by making investment firms form significant compensation funds with enough funds to reimburse potential victims.

However, VideForex is moving from one offshore country to another, and while claiming it has a license, it’s not true. 

VideForex Warnings From Financial Regulators

A while back, VideForex was blacklisted by several authority bodies – Spanish CNMV, Italian CONSOB, and Belgian FSMA.

CNMV has stated that VideForex provides unauthorized financial services.

CONSOB and FSMA republished this warning, hoping that their citizens won’t fall for the scam.

Traders Reviews About VideForex Scam

It seems that trading company is back big time. The company is aggressively placing ads all over social media, and clients claim they are harassed until they make the initial deposit. However, once the time for the payout comes, this broker freezes their investment account, and they cannot even submit a withdrawal request.

Where Is VideForex Trading Scam Active?

Based on our review, broker mainly operates in:

• US
• UK
• Germany
• Canada
• Sweden

Supported Trading Platforms – Available Trading Software

VideForex enables WebTrader through a browser and as an app for desktops and mobile devices. However, this platform is a rather simplified TradingView chart and has no EAs, social trading, and many other functions that MT4 and MT5, for example, can provide.

The leverage goes up to 1:500, while the broker promises up to 95% return on investment in 60 seconds. Additionally, It seems that they provide binary options, not typical Forex trading.

VideForex Mobile App

The company has a free mobile app for Android and iOS users, matching WebTrader.

Everything About VideForex Trading Accounts

There are 3 VideForex account types.

1. Bronze – $250
2. Silver – $1,000
3. Gold – $50,000

In addition, the difference is in the deposit bonus going from 20% to 100%, the account manager’s seniority, and risk-free trades. We’ve checked a bit more since we all know there’s no such thing as a risk-free trade. Also , it seems that the broker will add a bonus if you lose your funds with the “risk-free trade.” 

VideForex Demo Account

The firm has a Demo account as well, enabling clients to test the environment. However, virtual money can never be compared with real-money investment. 

VideForex Range of Trading Instruments & Markets

The broker offers a standard trading instrument range:

• Currency pairs
• Commodities
• Indices
• Shares
• Cryptocurrencies

As per our review, there are a bit over 200 available assets which can be considered solid.

Also remember the names of the Swiss FX,  Gravity Trade and FX Elite Trader trading scams and avoid them at all costs! Moreover, always check the background of online trading companies before investing!

VideForex Deposit, Withdrawal Methods, and Bonuses

Trading company requires a minimum deposit of $250 and enables the following payment methods:

• Debit/credit card
• Wire transfer
• Cryptocurrencies

Besides, the firm gives up to a 100% deposit bonus. However, if you accept any bonus, the Bonus Policy suggests that you have to have 3 times turnover within 3 months before withdrawing funds. If it means to have a rollover of 3 lots, it basically means you will have to trade $300,000 before making a withdrawal.

Also, there’s a clause about withdrawals for accounts without a bonus – “Trader has to reach a 100% turnover from the deposited amount to claim for withdrawal.” So, let’s say you have deposited $50,000; you have to trade with all your money just to be able to get it back.

Scammed by VideForex Broker? – Tell Us Your Story

Finally, If you were scammed by VideForex or a similar bogus broker, let us know. Our chargeback specialists may assist you with the refund procedure.

But What Is A Chargeback?

Additionally, this is a way for your bank to reverse the funds from the merchant. Since this refund method is time-limited, it’s important to act now. So, contact us via online chat, and we will book a FREE consultation with one of our experts. Upon evaluation, you will be assisted with the refund. Let’s take the first step right away!

What Is VideForex?

VideForex is an online Forex and CFD trading provider with no license. If you have been scammed by this firm, contact us for assistance.

Is VideForex A Scam Broker?

VideForex is a fraudulent firm blacklisted in Spain, Italy, and Belgium.

Is VideForex Available in the United States or the UK?

VideForex provides its services in both the UK and the US.

Does VideForex Offer a Demo Account?

Yes, VideForex does offer a Demo account as a Trial.

A broker that meets all your trading needs and investment expectations but also shapes your future. That’s how pretentiously this investment scam advertises its faux services. 

Regulatory bodies, on the other hand, are posting warnings and alerting investors about the risks that lie behind the false promises. Read more about this elaborate fraudulent scheme in our Falcon Group review.

 Anonymous Company and Domain

The Falcon Group investment scam claims to operate from several different locations, including the US, Brazil, Italy, the UK, and several other countries. All the phone numbers are randomly generated, while the addresses are either false or belong to entirely different companies. 

Of course, these entities have nothing to do with the business we’re investigating. Therefore, it is obvious that we’re dealing with a ghost company that most likely doesn’t even exist outside of their shady website.

Undoubtedly Unlicensed

If the business was fully legit as it claimed to be, it wouldn’t be accused of scam and blacklisted by CNMV, FSC, ATVP, FSMA, AFM, IOSCO, and FI. Regulated brokerage powerhouses are fully transparent, follow legal directives, and implement security measures on their platforms. 

This company does none of that. There are no segregated bank accounts supported for all client deposits, negative balance protection is non-existent, and you may lose more than you’ve invested. Lastly, there’s no transparency concerning the firm’s operations and monetary transactions, which means the broker can easily misappropriate your funds, and you won’t even be aware of it.

Who Do The Schemers Target?

The falcongroup.investments website was established in 2021 and has remained largely unchanged since. One of the reasons why this con game has managed to avoid detection for so long is its unconventional top-level domain. This is also the reason why you won’t find a large number of Falcon Group reviews.

The fraudsters mostly target people from the following areas:

• Netherlands
• Australia
• Canada
• Germany
• Spain

Online Scam Starts By Phone

The hoax itself operates as a so-called boiler room. The majority of the interaction between the schemers and their victims happens by phone, with minimal web exposure.

Company agents contact people directly and pitch a get-rich-quick scheme through what they call an infallible investment plan. Even if the marks are not interested, the agents may squeeze the money out through careful manipulation. This is the same pattern GreenlinePro used in its fraudulent scheme.

To get your money back from these criminals, contact our recovery experts.

Boiler Room Recruiting Users Only

Not anyone can join this portal. Only those who contact boiler room agents can complete the signup process and are allowed to log in. That’s why, instead of a signup form, you will be redirected to the contact page and be offered to request a call. Allegedly, this call will come from a professional as a part of the Falcon Group advisory services related to investing smartly. 

No minimum amount is required for investing. Your advisor will attempt to convince you to put in at least $5,000, though, which is the recommended sum according to the site.

Error – Platform Not Found

As experienced scam investigators, we’ve seen this same strategy unfold numerous times. The swindlers promise a trading program with an exceptionally high probability of success. Agents will ask clients to share their computer screens through one program or another and show them a pre-orchestrated market shift. Profits quickly skyrocket, and everybody is happy – champagne all around!

Many con artists like StocksKey will have a web trader prepared in case the victims try to trade for themselves. In this case, we doubt that it is available as the site doesn’t even advertise any app.

All Fees are Hidden

Forget about mandatory transparency and clear costs of services. The Falcon Group scam reveals absolutely no fees, costs, or other taxes pertaining to their services and transactions.

There are hints of monetary transfers, including some fees, but these are just that: hints and nothing else of relevance. None of the information pertaining to trading parameters like spreads, leverage, and trading commission are even remotely discussed. In these situations, you can always expect hidden fees that you’re expected to pay in advance.

Withdrawals Are Never Mentioned

Outside of the client area, to which we had no access, there was no information whatsoever on any funding channels. The Terms and Conditions document is only a single page long, and makes no mention of any Falcon Group withdrawals or deposits.

Not that the charlatans would consider this document legally binding, mind you. It only serves to give them breathing room in case the victims start to have doubts. This doesn’t mean that they can get away with online theft, though. If you need help getting your money back, contact our legal team via the live chat. 

Non-Existent Customer Support

The website doesn’t feature a dedicated help desk. Instead, the firm offers a callback option. Clients can apparently book a callback by using either an email or a number that appears to be registered in Hong Kong.

We strongly discourage using either option. Getting in touch with these swindlers also means getting further involved in the scheme, with all of the pestering, harassment, and pressure to pay more money.

What to Do If I Was Scammed By Falcon Group Broker?

This self-proclaimed company is not an actual business but a disguise for a dangerous group of cybercriminals. There is no market access, nor are there any profits to be made.

If you’ve had any interaction with these scammers, try to withdraw your money as soon as possible. Should you fail, feel free to contact our recovery experts. You may book a free consultation by using our live chat feature, which is available around the clock for your convenience.

FAQ

Who Owns Falcon Group?

People who operate and own the company behind this scheme are anonymous. Beware of dealing with such entities.

Why is Falcon Group Blacklisted?

The company has breached regulatory laws on many occasions and has therefore been blacklisted. If you have also lost your funds to this sham, contact us immediately.

Fundiza Ltd operates the eponymous broker, Fundiza. The broker has both CFDs and forex for traders to choose from. They run their operations out of St. Vincent and the Grenadines. The popular offshore haven is a common choice for unregulated brokers. Without effective financial oversight, the brokers there can essentially take any action without repercussions.

Former Clients Speak Out Against Fundiza

It’s common for past clients to leave online reviews of brokers they trade with. Similar to the broker Coin2FX , the Fundiza reviews found online are all highly negative. Traders complain about the quality of the signals and advice that the broker provides. Despite claiming to offer premium signals, traders find their offerings mediocre.

FCA Joins In Condemnation of Fundiza

In addition to past customers calling them the Fundiza scam, financial regulators are also generally unfavorable towards the broker. A September 2020 statement from the UK’s FCA says that the broker has been offering services there without the proper, or any, authorization. These warnings are explicitly stating that traders should stay away from Fundiza.

Absurd Minimum Deposit

Without a doubt, Fundiza’s minimum deposit is truly shocking. The broker has the audacity to set their minimum at $5000. This is 20 times that standard $250. Anyone giving the broker a chance stands to lose substantial funds. It’s already clear that many traders are unsatisfied with their premium offerings. The broker does have a very wide selection of assets, over 500. They have over 50 forex pairs and hundreds of CFDs across stocks, commodities, and more.

Genuinely Obscene Client Terms and Conditions

Fundiza has a number of terms and conditions that are well beyond what any trader would agree to. The broker reserves the right to put a limit on the withdrawals for an account. Basically, the broker can block withdrawals as they please. In addition, there are inactivity fees that slowly drain accounts. The crowning achievement is the stipulation that traders are not allowed to make any public statements about the broker and that they might face a $100 reputational damage feed.

Holding Your Funds Isn’t Right – We Won’t Allow It

Offshore brokers are beholden to no one. They do whatever they want, justifying it with the absurd fine print in their terms and conditions. If you missed regulator warnings and signed up with an offshore broker anyway, it still might not be too late. You can contact us today to implement a powerful strategy to recover your funds.

Problem with withdrawing funds 

Once we had a chance to check more information in Fundiza reviews by investors, we were stunned. The broker asks clients to deposit an insane amount of $5,000 (no, this is not a mistype). In return, you are getting a proprietary web trader, too high leverage, and no information related to fees and commissions.

According to many clients, this broker has the same pattern – extorting money until you ask for a withdrawal. Once you do it, your account is suspended, and you will never see your money again.

Do not fall for the Fundiza scam.

Scammed by Fundiza?

If you were misled or scammed by a Fundiza broker, report it immediately. File a dispute and request a chargeback. It’s the only way for you to get money back from an unregulated brokerage. Unfortunately, you are not the only victim of the Fundiza scam. Contact our support team via chat, book your free consultations and get all the information about the procedure.

Do not let the scam broker go away with your hard-earned money!

What is Fundiza?

Fundiza is an online trading brokerage that operates illegally.

Is Fundiza a scam?

Since the broker has no regulations, we can say that it’s conducting a scam.

Is Fundiza regulated?

No, Fundiza has no regulations for providing financial services in any country.

Even at first glance, you realize there is something wrong with the FCTrading broker. In the first place, the company doesn’t share any ownership or precise address information. With this in mind, you know there is nothing much to expect from this one.

On top of that, the company operates since 2021. This gave them enough time to prove themselves and build credibility. However, they are still failing heavily. Keep reading this detailed FCTrading review to find all the flaws of this shady broker.

Legal info: Is FCTrading Legit or a Scam?

Starting with regulations, you can already see why not to trust this broker. With their address that puts them in the UK, it’s easy to determine where to look. Primarily, in the FCA register but also other Tier 1 regulatory databases, such as BaFin, ASIC and CFTC.

However, neither one of those mentioned has any records of their license. Therefore, you can’t expect any protection from FCTrading scam broker.

Who are FCTrading clients?

With their fingers spread worldwide, they managed to reach out far from the UK. All this without any authorization. Actually, the demography of mostly scammed traders is:

• United Kingdom
• Netherlands
• Canada
• Brazil

In addition to that, all the countries have strict regulations. But obviously, this scam broker doesn’t care. Neither should you if you were their victim. If you don’t want to let them get away with it, contact us for advice on the next step.

Leverage, Commissions, Spreads and Fees With FCTrading

Generally speaking, if the broker is not revealing trading costs there is something hidden behind it. Either they are manipulating those or they will rip you off heavily. In fact, with FCTrading scam broker none of the information is available.

Therefore, everything remains questionable and open to manipulation. Instead, you can opt for Tier 1 licensed brokers and avoid such headaches.

FCTrading Trading Features

The general idea of automated trading is quite attractive. But a broker without regulations is something we have seen many times before. Yet, none of those proved themselves as reliable. Practically, with an FCTrading broker that’s the only thing that might attract you. Thus, there is much more to diminish your desire for trading with them.

Available Trading Assets

Another key fact is the availability of tradeable assets. In general, brokers tend to provide as many options as possible. Mainly to attract traders to get on board. Yet, FCTrading decided to keep their classes narrow and offers only:

• Forex (USD/EUR, EUR/JPY)
• Cryptocurrencies (BTC, LTC, ETH, XRP)

Account Types

Another motivation comes from the account types. However, this broker doesn’t reveal any. It seems like everyone gets the same conditions at the beginning. Thus, throughout your journey with them, it might change. Important to realize that not even a minimum deposit is revealed.

Mobile Trading App

Considering their high anonymity level, we are not surprised they don’t share the software that they use. Not to mention the lack of information about the mobile app. But even if they have it, it would be quite suspicious without adequate regulations.

Demo Account

Unfortunately, completing the FCTrading login procedure doesn’t reveal a demo account. Unless you are eager to deposit, you can’t get insight into their platform. But if you check any Tier 1 licensed broker you will see many risk-free options for the start.

Education

In general, you should trust only licensed brokers with educational programs. Luckily, FCTrading broker doesn’t offer any. At least on their website, but tricks may come out of the sleeves if you register.

FCTrading Withdrawal

Another key fact is the FCTrading withdrawal policy. Or ifyou like, the lack of it. To be precise, there are no legal documents available at all. With this in mind, you know that you can expect the unexpected.

Scam brokers often use dirty tricks with account verification, taxes or non-existent fees. If you hear about any of those, you know that most of the time there is something wrong. Especially if you are trading with a non-licensed broker. Expand your knowledge about brokers and keep yourself protected by reading our honest ITradeFX and Limeberg reviews.

Customer Support

In these hard times for the trading industry, customer support plays a key role. But the FCTrading platform didn’t bother investing much in it. Instead of many different options, this broker only allows you to contact them via e-mail.

This leaves enough room for them to prolong any request. Especially if it’s withdrawal-related. Obviously, it’s a clear sign to avoid them at all costs.

Key Information To Consider About FCTrading?

As can be seen, there are numerous reasons not to trust this broker. Primarily, the missing regulations and transparency about the ownership details. On top of that, quite poor address and contact information. Important to keep in mind are the shady conditions and non-transparent legal documents. The list is countless.

Getting scammed is not the worst thing that can happen. Even worse is not to know what to do next. There are different ways to recover lost funds. However, those depend on a few factors that we can talk through together. If you book a consultation with our expert team, you can see how easy it might be to get the money back. Book yours now!

FAQ Section

What is FCTrading?

FCTrading is allegedly a UK-based broker offering automated software for FX and Cryptocurrency trading.

Is FCTrading legit?

No. The company doesn’t have any regulations and they are quite mysterious about legal documents, address, contact and trading information.

What Is FCTrading’s Domain Age?

FCTrading website fcmarketpro.net is active since 2021. If you had any issues with them, feel free to contact our specialized team for further advice.