Investing with the TexTrade monkey business is not a lucrative endeavor. The broker is fully anonymous, presents fake company information and above all, falsifies license info for deceptive purposes. Several firm information aren’t enough to piece together an impression of a company that has nothing to hide. 

You see, all the TexTrade website speaks of are some over-the-top security measures, best liquidity, instant transfers and the biggest choice of instruments. As if fake boasting around isn’t what all scammers do. Please consider reading this TexTrade review first if you’re still having second thoughts about this swindler. 

Fake Regulatory Info

        In order to get you to believe their credibility, TexTrade has made up a license by a fake regulatory body – Financial Services Regulation Scheme (FSRS). This isn’t a real authority, and the license is, therefore, forged. 

Furthermore, the company address should be Greece, where Hellenic Capital Market Commission (HCMC) is supervising the financial markets. However, TexTrade doesn’t appear in their database of regulated entities. Moreover, they do not appear in the FCA, CySEC, ASIC, NFA and BaFin registers, either. 

By all means, TexTrade is an unregulated financial services provider. Deposits aren’t placed in segregated bank accounts and the broker has free access to all your capital invested. This con also doesn’t implement any of the mandatory measures like leverage cap, negative balance protection and compensation fund. Same with other offshore entities – FxxTrader being one, too. 

Most Compromised Traders

TexTrade has established a worldwide coverage. These questionable services have been made available for practically any trader in any area in the world. Here’s where the scam is most active:

• Hungary
• Japan
• United States
• Ukraine

Although completely innocent-sounding and customer-oriented, this brokerage house is not what it claims to be. However, always friendly and talkative boiler room agents will make sure that you believe TexTrade is your way to financial independence. Sometimes the truth hits right after you make a big investment, sometimes it takes months. 

If you’re in a situation where you see your funds stuck with a false broker website, contact us promptly so we can work on retrieving your funds. 

True TexTrade Costs

The overly simplistic website only seems half finished and contains a single webpage. All the company info, trading details and other essentials are crumpled up in one place. 

Absolutely no legal docs describe what general taxes and commissions are, as well as the trading fees, including swaps and leverage. TexTrade shows zero transparency when it comes to one of the most crucial elements of every brokerage conduct. 

FxOnUs is also reluctant to reveal any of this crucially important aspects!

Poor or Unknown Trading Equipment

On one hand, TexTrade is convincing you to invest, while on the other they have nothing of value to offer. MT4 is just for show, as the scammer doesn’t have their dedicated trading server. The other tools and trading add-ons are ghostly equipment and there’s not one customized trading account. Who is motivated to invest?!

Industry Standard for a Platform

TexTrade makes a smart move to enable MT4 as their main trading platform. The download links are given for the Windows version, as well as Android and iPhone devices. All things considered, it is a plus that the premium platform is enabled, but you can’t log in without credentials. 

It is not new to see a scam offer the most popular software – it’s one of the ways they attract victims. However, even the latest word of technology is useless in the hands of a fraudster.     

Mobile App From MetaQuotes Stores

What is even worse than the swindler website offering a Demo MT4 for desktop, is the same lie in the form of a mobile trading app. Another proof that the broker hasn’t established their own trading server. You can go directly to MetaQuotes stores by yourself, you don’t need to be linked by a sly scammer.

What Can You Trade?

Even the available financial products are a mystery with TexTrade. The first website line you’re welcomed by is a promise about being able to trade 1700+ currencies, CFDs on indices, commodities, stocks, ETFs and bonds. 

Then other groups of instruments are mentioned, like 72 currency pairs, 487 CFD contracts, 14 trading indices, and 45 cryptocurrency pairs. We can’t tell which of them is true. 

No Account Types

We’d understand if the broker offered a single account type. However, we cannot say anything positive about a broker dealer not explaining even that one package. The minimum deposit is also unknown. What is probably the most frustrating is the fact that you can’t open an account at all if you don’t have a Promo Code.

How Do TexTrade Withdrawals Work?

If you’re wondering about the minimum withdrawal amount, fees and processing time, we have to disappoint you. This information is not available anywhere on the site. Another alarming sign of transparency rules breach. 

It wouldn’t be strange if the only transferring method was crypto. This allows the cons to keep their identity unknown while making it impossible for you to process a payout. 

Customer Support Doesn’t Exist!

There isn’t a single way to get in touch with this broker. TexTrade support may as well not exist at all when they’ve given no way to reach them. Communication channels are always given, even if they’re fake. This dastardly scheme shows none.

Stay Away from TexTrade

For the sake of your finances and a good night’s sleep, we’d recommend you to find a regulated and well known broker instead of one faking licenses. If you’re already facing issues with TexTrade, nothing is still lost. 

You should contact our support service promptly and book a consultation with one of our legal experts. They can give you directions about what to do next to restore your investment. And don’t forget – the first appointment is always free!  

FAQ Section

What Is TextTrade Trading Platform?

Advertised trading platform is MT4 for Windows, Android and Apple phones.

What Are TextTrade Payment Methods?

TexTrade doesn’t reveal their payment channels available.

Is TextTrade Regulated?

No. The broker fakes a regulation with a false regulatory body and doesn’t actually have a valid brokerage license.

Are Funds Safe With TextTrade?

Because of the absence of any legal directive, the broker can’t make your funds safe.

Given the regulatory action, there’s no doubt that placing your investments in this portal poses a significant risk of loss. 

Read this CrpTrade review and learn why you should steer clear of any online financial services provider that lacks proper regulation. Moreover, don’t forget to seek help if you want to recover your funds, as our legal experts are always at your disposal.

Ownership Unclear

The CrpTrade broker’s owner remains entirely ambiguous. Since the company’s history and registration have zero details, it is impossible to determine where the firm operates from. In addition, all contact information is absent from the website. 

Because of the severe lack of any legal traces, we couldn’t determine the identity of the people behind the scheme. This lack of transparency is always a warning sign and a red flag you shouldn’t ignore.

Word From Authorities

The only information concerning the company’s activities is warnings published by several prominent financial authorities. These institutions oversee Forex market participants and have determined that this entity is driven by fraudulent intentions.

Some of these alerts were reposted by other financial watchdogs. The majority, however, agree that this platform is a total scam, especially when it comes to investing in crypto derivatives. 

The regulators that have published the warnings are AMF, CNMV, AFM, FSC, CBR, ATVP, and CONSOB. If you are still wondering,” Is CrpTrade legit?” The aforementioned evidence provides a solid negative answer.

Targets for Fraudulent Goals

The CrpTrade scam has a special affinity towards newbie investors that lack the experience to recognize a swindler. Boiler room operators will contact investors out of the blue and offer what may seem like a deal of a lifetime. Expecting to gain big, traders will burn their entire life savings on a hoax. Ultimately, they won’t even be able to make a single penny. 

According to complaints, the majority of the targeted individuals live in these countries:

• France
• United Kingdom
• Australia

Having in mind that the firm has operated since 2023 the number of victims is already substantial. If you suspect you’re being targeted for extortion, please contact our chargeback professionals immediately.

Poorly Rated

User feedback is often a reliable source of information, especially when it comes to how the company overall performs. The average rating on Trustpilot for this site is just 2 out of 5 stars, and the same is on Reviews.io.

Clients are generally more than frustrated with the bad service, but there’s another element we have to warn you of. Many of the reviews advertise recovery scams, which are no different from the faux trading platforms they usually collaborate with. That’s why you should only choose a professional, genuine and independent chargeback service, like the one we offer.

Disastrous Trading Environment

You can forget all of the false promises that pertain to some allegedly advanced trading systems and affordable services. A platform that lacks all of the elementary tools and features won’t help you earn anything. Its entire purpose is for the swindlers to manipulate you by displaying forged data, just like Excellence Markets does.

Furthermore, you will also be urged to invest large amounts of money to purchase more attractive account types, as the starter doesn’t offer much at all. The prices of these packages are as follows:

• Main – no minimum deposit requirements
• Bronze – $ 2,500
• Silver – $ 10,000
• Gold – $ 25,000
• Platinum – $ 50,000
• VIP – $ 100,000+

Costs Unknown

When there’s no legal documentation published on a web page, it’s highly unlikely that you’ll be able to learn anything about the fees, costs, and other charges. We’ve already discussed the fact that this company has a huge problem with transparency.

Scarce details related to CrpTrade trading costs are found only inside the terminal. Although spreads are not displayed, we found that the starting leverage on FX pairs is 1:200. All other charges are hidden, so you can expect to deal with secret fees.

Payment Information

Essential facts about payments are concealed in the same manner as the aforementioned costs. Inside the user panel, we can see these two methods supported for account funding:

• Crypto
• Credit cards

Finding bank wire transfers as an option for withdrawals raised another red flag, as the disparity between payment channels is a sign of an AML breach. However, nothing is known about the processing time and fees involved.

Support Isn’t Bothered

The client support office is practically non-existent. If you want to reach out to user assistance, you can only use email communication. That way, the con artists made sure of not being bothered by outraged clients who wanted to know why their withdrawals weren’t working. All and every single email will be ignored.

Regulated brokerage brands always support multiple apps, phone numbers, and have offices all over the world. When a Forex dealer limits the ways you can contact them through, know that something is not in order!

You Can Still Get Your Cash Back!

Have you also been defrauded by the CrpTrade broker or the QWEBank.com scam? Despair no longer, as help is at hand. 

Our chargeback experts can help you build your case and recover the lost funds as soon as possible. All you have to do is reach out to our chat agents and book a free consultation with our legal advisors. 

And remember: there’s no shame in losing your cash to a hoax platform. What is a real shame is letting your hard-earned money go to waste!

FAQ

Who Owns CrpTrade?

The company is of unknown ownership and most likely only operates as an internet scheme with no legal registration. Regulators have labeled them as sham.

How Much is the Minimum Deposit Requirement?

There is no minimum deposit needed to start live trading, but you will be asked to invest at least $250 to start, which we don’t recommend. For help with recovery, contact us promptly.

These con men may have tried their best to appear as a legit firm, but we have managed to debunk their business. Fake company credentials, broken registration links, confusing fee structures – this would-be broker has it all. 

Read our Infinity ECN review before you decide to commit any funds to this trading hoax.

 Unknown Company Owner

It doesn’t take much to figure out that the Infinity ECN broker is operating completely illegally. The entity allegedly operates out of Kuwait, but we found no business under this name among regulated entities overseen by the Central Bank of Kuwait. Although they also claim to have offices all around the Middle East, their addresses remain unknown. Only means of contact seems to be WhatsApp numbers.

Even if the Forex provider is regulated in its own country, it still doesn’t have permits to promote and sell services to other nations, especially the EU, UK, and US. Operating without a Tier 1 license means that your Forex dealer can’t provide proper fund safety, compensation plans, and negative balance protection.

English Speakers Are the Main Target

The Infinity ECN Forex trading scheme has been in the business for a while now. The website was established in 2020 and has been pretty much kept in its original state since then. 

However, that still doesn’t make the platform any more reliable or trustworthy without a proper license. Despite not being sufficiently licensed, the brokerage still offers services primarily to traders from these countries:

• United States
• United Kingdom
• Australia

Regardless of where you reside, please consider contacting our chargeback experts in case you encounter issues while trying to withdraw funds from this portal.

Promised Features

The company supports a strong promotional campaign on all major social networks, including Facebook, X and Instagram where they have thousands of followers. 

Some of the usual promised benefits of joining the website include tiered account types, low trading costs, and attractive leverage. Every illicit broker claims to offer specially designed trading parameters for earning big. It’s one of the usual baits for less experienced Forex investors. 

However, let’s not forget that this company operates illegally and there are no Infinity ECN reviews we could explore and find out what the customers really think of the firm.

Tiered Accounts

The Infinity ECN trading accounts are structured similarly to Verbex Group fraud. The swindlers try to sell their victims on the idea of tiered “benefits” so that they will return and ask for more deposits.

Here’s the pricing now:

• Infinity Silver – $500
• Infinity Gold – $5,000
• Infinity Diamond – $20,000

Signing up is currently not available and only existing customers can use their Infinity ECN login to get into the trading area.

Lesser Known Trading Apps

The company’s main trading software is Sirix Station, or Sirix Platform, as it is called on the website. The main issue with this trading app is not its functionality or stability but rather its main user base.

While there are legitimate companies out there that offer this program, more often than not it is associated with online hoaxes. In this case, however, it’s questionable whether any app is actually available, since the creation of new accounts is not possible.

Seemingly Transparent Pricing

In order to appear transparent and open, this fake broker does make an effort to present their fee structure. The costs aren’t exactly competitive. For instance, clients can expect a 7% withdrawal fee on every payout. Commissions seem absurdly small in comparison, ranging from 0.007% to 0.003% depending on the account type.

High leverage of 1:400 serves to forward the idea of overnight riches. This is many times higher than what is allowed in the EU (1:30) or the US (1:50), and is favored by other cheats like Central Markets Invest.

Account Funding and Payouts

According to the web presentation, the company supports the following methods for depositing and withdrawing cash:

• Credit Cards
• Bank wire

To submit a withdrawal request, clients must log into the user panel or simply fill out the form on the site itself. We do not recommend sharing personal information or payment details with unregulated portals. The outcome could easily be identity theft and compromised bank accounts. There’s no additional information provided regarding the processing time.

WhatsApp Contact Encouraged

It is clear by now that the company tries to operate under the radar and leave no legal traces behind. That’s why contacts via encrypted channels like WhatsApp are encouraged. 

If you want to get in touch with the support office in Kuwait, Qatar, Saudi Arabia, Iraq and UAE, you always have to use the chat app. If you’re willing to wait for a response and accept the fact that your request will potentially get ignored, you are also welcome to use the online form. 

Final Thoughts

Are your thoughts still something along the lines of: is Infinity ECN legit? Let us give you the most straightforward answer possible: No. The firm presents no proof of its legal incorporation and regulatory supervision. Thus, it operates practically anonymously and targets investors from all over the world.

If you are struggling to get back the funds you have invested in this platform, we recommend quick action before your funds disappear irreversibly. Contact our chargeback experts via the chat agent and book a free consultation at your convenience.

FAQ Section

Is Infinity ECN Legit Forex Trading Broker?

No, it is a completely illicit online venue. The company does not actually exist, as it is not legally registered or licensed by authorities.

How To Recover Stolen Funds?

Getting the money back from online scammers is a delicate procedure. Our experts can help, so make sure to book a free consultation as soon as possible.

The first thing you notice is that this broker doesn’t reveal ownership details. With St. Vincent and Grenadines headquarters, we don’t expect from them. Especially since they are claiming to be regulated there.

Many things don’t add up about this broker. But to see them all, you’ll have to read this EliteCFDs review carefully.

Legal Info: Is EliteCFDs Legit Or A Scam?

As mentioned, the company claims to be regulated by Financial Services Authority (SVG).  However, this institution is not issuing FX and CFD trading licenses for a long time. There you go, the first lie. 

The only licenses you should trust, are Tier 1 ranked, such as FCA, BaFin and ASIC. But EliteCFDs doesn’t have any of those. Instead, they were slapped with a warning from the FCA. And voila, the scam is exposed.

Who Are EliteCFDs’s Clients?

Who.is reveals that the Elite CFDs domain was registered in February 2023. But after a couple of months, they were exposed. Surprisingly, the company already managed to reach out to all parts of the world. But mostly scammed victims come from: 

• Lithuania
• Australia
• New Zealand
• United Kingdom
• Netherlands

Trading fees, commissions, spreads and leverage with EliteCFDs

The company doesn’t reveal any trading costs. Of course, they give discounts on spreads. But that’s just a trick to get you into the higher deposit. As for the leverage, it remains unknown.

But be aware, that anything above 1:50 is not something a Tier 1-regulated broker would offer you as a retail trader. Also, swap rates, commissions and other fees remain undisclosed.

Bonuses

Bonuses are great tricks to motivate traders. But only the greedy ones. Also, newbies. However, if you accept the bonus, make sure you read the bonus policy. Elitecfds.com doesn’t have transparent bonus offer. So we are warning you upfront. To see how the bonus policy scam works, read our Coin2FX Review.

EliteCFDs Trading Features

EliteCFDs services are all based on bogus lies. Starting with regulation and trusted software. They claim to offer MT4. Yet, there’s no download option or demo account. Not to mention mysterious trading conditions. But still, you should trust them on their word. 

Is EliteCFDs Legit?

Not in a 1000 years. The company operates without any licenses. With offshore registration, they keep their anonymity on the highest levels. With shady conditions and platforms, you can’t expect anything genuine. Therefore, the best option is to avoid such brokers.

Available Trading Assets

As for the tradeable assets, there are plenty. At least according to the broker. You can choose between: 

• Forex – USD/AUD, NZD/HKD
• Commodities – gold, crude oil        
• Indices – DAX30, FTSE100
• Shares – Amazon, Nvidia
• Cryptocurrencies – BTC, LTC, ETH

Account Types

EliteCFDs investment plans are divided into 5 categories. Of course, the benefits are minor and most likely non-existent. Since the whole company is fake. Anyway, 5 account types are: 

• Basic – $250
• Gold – $25.000
• Platinum – $50.000
• VIP – $150.000
• Diamond – $250.000

Mobile Trading App

Any company that really uses MT4, should have a mobile app as well. But with EliteCFDs scam broker, that’s not the case. Most likely, they are only using plain web trader with only basic functions. In general, something that you want to avoid because of manipulation potential.

Demo Account

Another warning sign is the missing demo account.  As a standard package of MetaTrader, this broker should give you insight into the platform. Thus, they don’t.

Education

As can be seen, the company doesn’t have any educational program. Not even basic articles about trading. Not to mention something exclusive like live sessions or webinars.

EliteCFDs Withdrawal

One of the worst nightmares with scam brokers is withdrawals. Since they are offshore broker without transparent funding methods,  you need to be extremely cautious. On top of all, the company claims to have fees but they don’t reveal percentages.

But all the fees, taxes and requests from the broker are completely fictive. Like the whole company. But to find out what tricks brokers are using to prolong your withdrawal, check our CFDGlobe review.

Customer Support

Generally, offshore brokers love to keep their anonymity on the highest level. For that reason, they don’t offer traceable contact options. Such as legitimate phone lines. Instead, this broker only has 2 contact options. Those are e-mail and web forms. Not something to brag about. Anyway, plenty of space for them to ignore you.

Key Information To Consider About EliteCFDs?

Primarily, the company is unregulated and doesn’t provide any protection to traders. Their trading conditions are completely misleading and non-transparent. After all, the warning from the FCA is the final dealbreaker.

That’s why overall, you should trade with Tier 1 licensed brokers. But if you already got caught by scammers, don’t sweat. Our chargeback team is equipped with knowledge and tools to help you in those situations. Book your free first consultation already today!

FAQ Section

What is EliteCFDs?

EltieCFDs is an offshore brokerage operating from St. Vincent and Grenadines since 2023.

Is EliteCFDs a Scam?

Definitely. No license, no transparency and a warning from the FCA. If you were one of their victims, get in touch with our refund team for advice.

What Are Available Instruments Of EliteCFDs?

There’s no demo account to get the proof. However, the broker claims to offer currency pairs, commodities, indices, shares and crypto.

Evergreen Oak Capital claims to offer high-return financial trading services, utilizing modern technological innovations and prioritizing safety, balanced performance, and customer support. At least that’s how the company presents itself on various pages.

The truth is that the investment platform’s website has been shut down, probably due to the FCA’s warning. Read our Evergreen Oak Capital Review to learn the truth about this scheme.

Legal Info: Is Evergreen Oak Capital Regulated?

The dubious investment firm claims to have its headquarters in Denver, US. Some other sources suggest that the business is based in the United Kingdom. Nevertheless, we did our research and confirmed that the company is not registered or regulated anywhere.

To make matters worse, the UK’s Financial Conduct Authority (FCA) issued a warning against Evergreen Oak Capital on August 7, 2023, prompting the fraudulent schemester to shut down the bogus website and lay low.

“This firm is not authorised by us and is targeting people in the UK,” says the FCA, thus warning domestic traders not to invest in the unlicensed firm. The Italian CONSOB (consob.it) also blacklisted the platform. You’d be wise to listen to the FCA and avoid unregulated platforms such as Evergreen Oak Capital or Canz Trades. 

If this company has defrauded you, we can help you get your money back!

Why Financial Market Regulations Matter

The reason why you shouldn’t trust unregulated companies is that you won’t be able to benefit from the compensation scheme, which all licensed entities are liable to provide their clients with.

For instance, the FCA requires firms to register their clients with the Financial Services Compensation Scheme (FSCS), thus entitling them to a potential compensation of up to 85,000 GBP.

In addition, brokerage and investment firms are required to maintain a substantial minimum operating capital of 730,000 GBP, provide clients with negative balance protection, a safe leverage cap (1:30), and segregate their funds in a top-tier bank (e.g. Barclays).

Who Are Evergreen Oak Capital’s Targets?

According to godaddy.com/whois, the evergreenoakcapital.com website domain was created on September 19, 2020. From then up until the website got shut down, the financial swindler mainly targeted unsuspecting traders who reside in the following countries:

• United States;
• Canada;
• Andorra;
• Nigeria.

An unlicensed entity such as Evergreen Oak Capital has no business offering services in heavily regulated jurisdictions such as the United States or Canada. And do not forget the warnings from the FCA and CONSOB, which basically banned the company from operating in Europe.

Just check out the shockingly low trust index on scam-detector.com (2/100). Stay away from unregulated platforms because the vast majority are unreliable and duplicitous. There are many licensed providers out there that will ensure you trade safely!

If you need help finding the right platform for you, book a free consultation with us.

Trader Reviews

There are no trader reviews of this platform on popular trading forums such as Trustpilot or TradersUnion. Nonetheless, the FCA probably received numerous complaints against the phony investment firm from unfortunate victims.

Cyber con artists such as Evergreen Oak Capital or iTradeFX operate in a similar fashion; they offer trading services to clients, initially guiding them through email and private channels. Clients are required to deposit funds using credit/debit cards, bank transfers, or cryptocurrencies in order to trade. 

Problems start appearing when traders request a withdrawal. Possible issues include account suspension or withdrawal errors, which leave the trader confused and frustrated.

What Should I Do In Case Of Withdrawal Issues

Since the company’s website is down, we could not find out which payment methods the platform accepted for deposits and withdrawals. The related fees are unknown as well.

Nevertheless, based on our experience, we assume Evergreen Oak Capital used to accept payments via credit/debit cards, bank transfers, and cryptocurrencies.

If you have deposited your money using MasterCard or VISA cards, you can request a chargeback at your issuing bank within 540 days in order to get a refund. The same applies to bank transfers, but it can only work if the transaction is not yet complete.

As for crypto payments, you are going to need professional assistance. Luckily for you, our experts are skilled at tracing digital transactions using advanced software such as CipherTrace! Once we locate the wallet that received your payment, you can request a refund from the crypto exchange. 

Key Information To Consider About This Platform

To sum up our concise review, Evergreen Oak Capital is a fraudulent investment scam, allegedly based in the United States. This platform has been active since 2020, targeting primarily traders from the US, Canada, Nigeria, and Andorra.

This website was blacklisted by the UK’s FCA in early August 2023. If you have fallen victim to the Evergreen Oak Capital scam, we can help you get your money back. Book a free consultation with us to find out what the next step is in the fund recovery process. Our team will gladly guide you every step of the way!

Book your free consultation today and start the chargeback process.

FAQ Section

What Is Evergreen Oak Capital?

Evergreen Oak Capital claims to be a renowned and modern investment firm with the best services in the market.

Is Evergreen Oak Capital Safe?

No, the shady investment platform is blacklisted as a scam by the FCA. Fortunately, the bogus website is down.

How Does Evergreen Oak Capital Work?

The problems appear once you request a withdrawal. If you cannot recover your funds from this platform, we offer our professional assistance.

When choosing a broker, you must consider their reputation, customer service, trading platform, fees and commissions, and regulatory compliance. 

One way to test a broker is to check if they have a license. The license should be from a reputable financial institution. It will provide you with a sense of assurance that they are transparent and ethical. Currently, the Aron Groups broker is not regulated by any major financial authority. This fact may raise some concerns for potential clients.

The broker lacks Tier 1 regulation. We ran through the databases of the FCA (Financial Conduct Authority), ASIC, and BaFin to confirm the regulatory status of Aron Group. Yet we could not find any listing for Aron Group.

We also confirmed that Aron Groups currently has no valid license.

Furthermore, we strongly advise you not to invest in the bogus brokers Amarkets, Finance Proof, and CryptoFXPro. If you want to save money, don’t trade with these unlicensed brokers!

The Opinions of Traders About Aron Groups

Aron Groups is a relatively new company, and there are not many online reviews available yet. However, the few reviews we found were mostly negative.

Research and due diligence are essential if you decide to use the Aron Groups broker. You can do this by checking their regulatory status and reading online reviews. Then try to compare their services and fees with other brokers on the market. With any financial decision, proceed with caution and invest only what you can afford to lose.

Aron Groups Software Comparison

According to their claims, Aron Groups is a forex broker that provides MetaTrader 5 (MT5) as their trading platform for both PC and mobile versions.

MetaTrader 5 (MT5)

MetaTrader 5 (MT5) is a popular trading platform used by many forex brokers all over the planet. It is the successor to the MetaTrader 4 (MT4) platform. MT5 offers advanced trading functionalities. Some of them are:

• Multi-currency
• Multi-asset trading

MetaTrader 5 (MT5) allows traders to trade forex, stocks, commodities, and futures. Also, it includes a charting package with a variety of technical indicators. Mobile and desktop versions make MT5 accessible to traders on the move.

MetaTrader Mobile Training

MetaTrader Mobile Training is a feature on MetaTrader 5 (MT5) platform. Its purpose is to help traders learn how to use the mobile version of the MT5 platform. 

The mobile platform has plenty of training materials, like videos and step-by-step guides. They are quite valuable and simply necessary for traders.

Trading Assets and Instruments

Aron Group offers over 100 forex currency pairs, CFDs, gold, silver, oil, indices, shares, BTC, and other cryptocurrencies as trading assets and instruments.

Aron Group is an online broker that provides various trading instruments to the financial markets. The broker offers flexible spreads, high leverage of up to 1:1000, and requires a minimum deposit of only $1.For a relatively new broker, their services and offers are very good and favorable. Everything is great except for the fact that they are not regulated.

Countries Of Service

It has been reported that this broker has been involved in scamming traders from several countries including the United States, Germany, the Netherlands, the United Kingdom, and France. 

Many traders have lost their money due to fraudulent activities by this broker. It is advisable to conduct thorough research before choosing a broker to avoid falling prey to such scams. Always remember this. 

Aron Groups Account Types 

Aron Groups broker offers a variety of account options with unique features:

• Nano: Designed for low-budget trades with low-risk tolerance.
• Standard (ECN): Meant for professionals who prefer the best trading conditions.
• Swap Free (ECN): Suitable for traders who intend to trade in large volumes with limited leverage to protect their profits.
• VIP (ECN): Ideal for traders who intend to keep their deals with low call margin levels and high profitability.

Can a Trader Use a Demo Account?

According to their claims, each client is eligible to create 10 real accounts and 5 demo accounts with the broker. 

The main difference between live and demo accounts is that in a demo account, traders use virtual funds, which means the profits and losses are virtual. On the other hand, live accounts require actual funding, and the losses and profits are real.

Special Offers

This suspicious broker does not offer any special promotions or bonuses to attract traders. They do not provide loyalty programs or referral incentives. 

The absence of any unique deals or discounts is a red flag. Traders should be cautious of companies that do not offer any value-added benefits.

Aron Groups Terms of Service

Transparency is essential in any business transaction, especially in the world of online trading. Unfortunately, this broker does not seem to prioritize transparency when it comes to their terms and conditions. 

This can create confusion and uncertainty among customers, ultimately making it difficult to comprehend the company’s operations. Consequently, traders may become easy targets for deception. Opting for a broker that provides transparent terms and conditions is always a safer choice.

Leverage, Spreads, and Fees

Leverage ranges from 1:1 to 1:1000 depending on the account type. For instance, Nano account holders enjoy maximum leverage of 1:1000. 

It’s essential to remember that higher leverage means a higher risk of losing your deposited capital, and it can either work in your favor or against you. All accounts charge zero commission.

Scammed by Aron Groups? – We Want To Hear Your Story.

Online trading comes with considerable risks. There is a possibility that you may lose all your invested capital. It is not appropriate for all traders or investors. 

It is crucial to comprehend the risks involved. Note: The information presented in this article is for general information purposes only. In case this broker steals your funds, contact us for help!

What Is the Chargeback Procedure?

If you suspect that you’ve been scammed, take the following steps. First, deactivate your cards and report the incident to your bank. 

If you used your cards for a deposit, you may be able to file a chargeback, but watch out for fraudulent chargeback agencies. Share your experience to help others. Contact us to initiate the chargeback process, book a free consultation, and learn how to get started.

What Is Aron Groups?

Aron Groups is a suspicious forex broker that provides various trading instruments to its clients.

Is Aron Groups a Scam Broker?

Yes, Aron Groups is a scam broker because they are not regulated.

Is Aron Groups Available in the United States or the UK?

No, these are prohibited countries for this broker. Keep this in mind.

Does Aron Groups Offer a Demo Account?

On their website, they claim that every client can create up to 5 demo accounts with them.

NFG Finance assures their customers they’re committed to delivering excellence in terms of technology and trading conditions. The company is supposedly UK registered and dedicated to creating Forex experts out of every single trader that signs up with them. 

Our NFG Finance review has enough evidence to easily dismiss such pretentious claims and shine light on the real face of this fraudulent business.

Legit Long Ago

NFG Finance is shadier than the first impression tells you. Firstly, the address given on the website belongs to T4 UK FRANCHISE LTD, a retail beverage sale, completely unrelated to NFG Finance. 

The alleged company registration number belongs to a firm called NFG FINANCE LIMITED. The firm was legally incorporated in 2016, but with FCA, they’re no longer registered as an appointed representative since 08/09/2020. What’s more, FCA mentions the firm’s domain was sunshineloans.co.uk, without mention of nfgfinance.com. The latter was established in July, 2023. 

Now, it’s questionable whether NFG Finance Limited started a new domain since the first mentioned is no longer functional, or the domain we’re reviewing has nothing to do with this firm.

What is clear is that NFG Finance broker is not regulated by any prominent authority, like FCA, CySEC, NFA, ASIC or BaFin. GoldenrodFX is completely the same.

Neighboring Countries Targeted 

The NFG Finance website has been operating since 2023. Ever since the domain was started, an increasing number of complaints came from the following countries:

• Ireland
• United Kingdom
• Netherlands
• Poland

Illegal entities and recently registered domains appoint boiler room agents to lurk social networks and promote their alleged money-making deals. Their main focus are Forex rookies, looking to get rich quick without practicing and acquiring enough trading knowledge to lead them there naturally. 

Please stay clear of deals and propositions that sound too good to be profitable. Also, contact our legal advisors if you wish to restore investments lost to scam. 

Only Reviews Are Fake Ones

NFG Finance tries to up their ante by posting fake comments on review sites like Sitejabber. These are all created by the so-called review seller networks.

This absence of user’s outcry works in favor of the swindlers. Don’t keep quiet, tell us about your experience with NFG Finance. If the company stole your money, book a free consultation with our chargeback professionals.

Questionable Fees and Commissions

The leverage shown on the website goes up to 1:100, or even higher for more expensive account types. This breaches all known regulatory directives in effect in the UK and wider. 

The problem with transparency is quite evident when it comes to trading costs. The web presentation claims that spreads are variable from standards to low, depending on the package you buy. Nothing else is known and the NFG Finance platform reveals no data.

Bonuses For Pricier Accounts

In order to attract you to buy a more expensive account type, NFG Finance promises bonuses of from 50% to 100% for the VIP package. Expectedly, nothing is known about how these work. 

Bonuses and promotions can be misused by the broker to limit your withdrawal options, so beware of them. 

Misleading Trading Features

The nfgfinance.com site bombards you with data, such as imported charts from Tradingview. The most important information is nowhere to be found.

Much of the info on how the whole trading deal functions at NFG Finance is hidden from public view. The info that is available is contradictory, depending on which part of the site you’re on.

Inferior Web Terminal

There’s no better way to describe the NFG Finance platform except useless. The basic available features related to customization are the only functions you can use besides placing orders. The software packs none of the advanced tools and options that make MT4 and MT5 industry leaders.

Narrow Choice of Products

In contrary to all the NFG Finance claims about providing thousands of instruments for trading, these were the only groups and products available inside the platform:

• Forex (AUD/CHF, EUR/USD, CAD/USD)
• Metals (Aluminum)
• Crypto (BTC, BCH, EOS, XMR)
• CFDs on Stocks (Alcoa, Tesla)

NFG Finance Account Selection

NFG Finance advertises that a single account unlocks all markets, but it costs £250 000 or more to open. It also has some additional benefits, such as return on investment, welcome bonus and portfolio management.

Cheaper accounts don’t have as many features, but they are expensive too:

• Beginner – £5 000
• Silver – £25 000
• Gold – £75 000
• Premium – £150 000
• VIP – £250 000

As with the BizzTrade scheme, there are no demo or Islamic accounts on NFG Finance.

Only Half Transparent Payouts

To appear professional and reliable, NFG Finance states that they are deeply dedicated to funds safety and swift transactions. Withdrawals are allegedly available via bank transfer and credit cards. 

However, except wire and crypto, no other options are available from the client zone. Another AML standards breach that should warn you of potential dangers. 

Other aspects such as fees and processing time aren’t covered by any legal docs. These are just seemingly informative, yet carry no relevant information at all.

Don’t Rely On Their Client Support

This faux broker doesn’t have a live chat for customer support. You may allegedly contact the company by e-mail or a contact form, though, but we all know this rarely works.

The company address is fake as well, so don’t expect your letter to reach NFG Finance.

Final Opinion On NFG Finance

NFG Finance is a group of crooks disguised as a forex brokerage. Searching for the company credentials will take you on a wild goose chase. It’s all a carefully orchestrated plot to keep their true intentions hidden from the victims.

Investing with NFG Finance is ill advised. In the case you’ve already deposited funds with this bogus broker, contact our legal experts. Your money may not be lost yet – book a free consultation today and start your chargeback.

FAQ Section

What Is NFG Finance?

NFG Finance is a dangerous unlicensed entity operating under the pretense of a Forex broker.

Is NFG Finance Regulated?

No, NFG Finance isn’t licensed. They’re completely illicit, and if you have invested any money there, consider booking a free consultation with our chargeback experts.

How Does NFG Finance Work?

NFG Finance offers various lucrative deals, bonuses and returns on investment to their clients. Once the money is deposited, however, the company won’t allow any payouts.

This company presents a website that is modern and heavily influenced by cryptocurrencies in its design and aesthetic. After spending some time on it, though, we’ve started noticing some unsettling details.

For instance, company information is not readily available, leverage is dangerously high, and the mobile apps are not downloaded from reliable channels. Stay with us as we debunk another scam in our Wissix Trust Group review.

 Persistent Legal Issues

It is unknown who owns or controls the Wissix Trust Group platform for online trading. The web presentation doesn’t reveal a single piece of information that would help shed some light on this topic. An additional problem is the fact that all of the legal documents posted on the site are just as vague and uninformative. Lastly, the contact page reveals nothing of value, either. 

It is entirely impossible to pinpoint an entity that runs this notorious affair. This situation is no surprise, considering that these fraudsters are doing their best to remain anonymous.

More Than a Few Warnings

Our readers are probably asking the million-dollar question right now: Is Wissix Trust Group legit? Based on their lack of transparency, we’d most definitely say no. 

If you’re still not convinced, we’d suggest you check out some of the many public alerts that regulatory bodies all over the world have issued. The swindlers are particularly active in Canada, considering that MSC, AMF, OSC and CSA have all warned the public about their scheme. Following those, we also found CBR, AFM, CONSOB and IOSCO warnings.

New Site With Few Visitors

At the time of writing this review, the wissxtg.com domain is a year old. The WhoIs database shows us that the platform was launched in March 2024. Much of the web traffic to the site originates from these areas:

• Canada
• United Kingdom
• Spain

The site is not visited frequently, and there aren’t many Wissix Trust Group reviews around. This doesn’t mean that the group is harmless by any means – contact our experts if you need help recovering your funds.

How Charlatans Deceive Investors

People working for the fraud circle, boiler room agents, are responsible for finding new targets to bring into the fold. They work by phone and online chat services, and contact the victims directly. After introducing themselves as finance experts, they will start pitching a get-rich-quick scheme. Many other con circles take this same approach, with Shares Hub being another example.

Agents will not be satisfied with a single investment, but will keep coming back for more money in order to, allegedly, provide more trading benefits. None of it is real, though, and the money is simply stolen.

Accounts Indicative of a Fraud

The Wissix Trust Group trading fraud offers several account types, which are fashioned into a tiered structure. In this particular case, there are no price tags attached to the trading accounts:

• Standard
• Bronze
• Silver
• Gold
• Platinum

Now, these are just for show, intended as a product to keep the victim engaged while the agents pitch their scheme. In reality, regular site visitors cannot create an account by themselves, as the feature is not enabled.

Malware Trading App

The broker offers several kinds of trading software to appear legit. The most basic is WebTrader, which we couldn’t access because the account creation was broken.

Knowing how other tricksters like Central Markets Invest operate, we can deduce that this WebTrader is heavily modified to allow quick manipulation of prices. This allows the con men to extort more money from clients.

The web-based Wissix Trust Group app is the least problematic of the bunch. Allegedly, the broker also offers several mobile apps and an app for desktop computers. None of these are available through reliable channels, and may contain dangerous malware that could leak your personal data to these cybercriminals!

Horrible Conditions and Fees

If you sign up for this platform, keep in mind the fact that you’ll be trading under increased risk of loss, due to the maximum leverage ratio being 1:500. In addition, it is not known what trading commissions are charged or what the spreads are. 

If you accept the user agreement, financial cons will have you agree to some insidious conditions. There, the company says they have the right to deduct any amount of fees directly from the client’s account whenever they see fit.

How to Withdraw

The Wissix Trust Group scam promotes the idea of automated withdrawals. It is supposed to mean that all requests are processed within the same day and funds are automatically paid out. It is also stated that no fees are charged for credit card withdrawals. Other transaction methods aren’t even mentioned. 

All of this would be far more believable if it came from a regulated portal. However, we’re dealing with notorious fraudsters. If your funds are stuck on their platform, please contact us immediately.

Inactive Contact Channels

Whatever of the following ways you choose to start communication with the support team, you’ll get no answer:

• email
• phone number
• live chat

Even after leaving all mandatory contact information in the chat, after a solid waiting time, no one reached out to us. So much for the alleged premium support service that’s supposed to be always available for clients.

Conclusion

This would-be broker is a dangerous online predator. The entire website and its contents are parts of a scheme, carefully created to part you from your money.

It’s no secret that these charlatans have taken steps to make fund recovery difficult. However, that doesn’t mean that getting the money back is impossible. Our experts can help – use the live chat on our website to book your free first consultation today!

FAQ Section

Is Wissix Trust Group Legit Service?

No, this company is completely illicit. Numerous financial regulators have already placed the firm on their blacklist.

Scammers Took My Money, What Can I Do?

Use the live chat to book a free consultation with our experts. They will walk you through the recovery procedure and help you get your money back.

This blacklisted Forex dealer claims to provide premium assistance and world-class trading conditions? With that, the owner and mastermind behind the whole operation is completely anonymous. That doesn’t exactly sound like the investment deal of a lifetime. 

Please pay attention to our Fintexa review as we unravel a notorious swindler that would ruthlessly drain your bank account as soon as they get a chance.

Let’s Talk Regulation

It’s important to learn how to distinguish a legitimate online trading firm from a common fraudulent scheme. For example, while reputable Forex providers share all relevant details about their company and incorporation, swindlers like the Fintexa broker simply don’t.

It remains a total mystery who is behind this website, as not even a postal address of their HQ is revealed. Additionally, there are no details about where the entity is regulated, if it ever obtained a license at all.

What is clear, however, is that these crooks have found themselves under legal scrutiny. BaFin, the leading regulatory authority in Germany, has investigated the scheme and found that it operates illegally. This means that their claims about being regulated by the FCA and CySEC are lies, as evident from the database entries.

EU Traders Among Victims

There is no way that this firm represents a long-lasting, stable business on the Forex market. The main reason for our doubt is the fact that the company has only been operational since the end of 2024 and their domain is only a few months old. That is probably also why there are still no Fintexa reviews online.

That didn’t stop the con artists from targeting whoever they see fit, especially traders from these countries:

• Italy
• Germany
• Spain
• Belgium

Should you ever need help with getting back what was stolen from you by fraudulent online trading firms like XM Signals, please contact us.

Promises vs. Reality of the Offer

It’s highly common to see unlicensed apps claiming to own all certificates and permits for conducting investment activities. The Fintexa scam likes to brag about their specialized security measures and safety implementations that rival those of the best brokers on the market.

With promises of high security, attractive trading conditions, and lucrative opportunities come as well. As you may have already assumed, anything that sounds that good can’t be real. Therefore, opt out from investing here so you don’t have to go through the issues of trying to recover lost funds.

Primitive App & Overpriced Accounts

The Fintexa trading platform lacks all of the elementary features that premium software like MT4 and MT5 include. Starting with basic customization options to more advanced tools and amenities, this bogus app lacks it all. All of the data shown is probably manipulated as traders can’t set any parameters according to their preferences. 

Pair that with ultra-expensive packages and you have your textbook scam in a nutshell. Take a look at these ridiculous prices:

• Standard – €10,000
• Advanced – €25,000
• Platinum – €100,000
• Expert – €250,000
• VIP – €500,000

Rigged Trading Conditions Confuse Investors

While the web presentation displays 0 spreads and up to 1:400 leverage, the information inside the platform itself is something entirely different. 

Trading costs are not all that attractive at all, as starting spreads on EUR/USD are floating at 1 pip. Excessive exposure will subject you to greater risk of loss, which is also why this ratio is limited to 1:30 in the EU.

None of the other costs are known. For example, you’d expect a financial services provider to reveal all of the incurred fees via legal documentation, but that is not the case. This secrecy usually means you should be wary of advance fees and hidden costs.

Payouts Through Account Managers

First of all, if you intend to deposit or withdraw funds from this portal, you will have to go through a detailed KYC, which we don’t recommend. Sharing your personal information online with cyber criminals can lead to identity theft and bankruptcy.

Furthermore, you will be prevented from accessing your funds once you deposit them on this terminal. To even consider a withdrawal request, you will have to get in touch with support officers or your dedicated account manager. These are just scam agents in another form that extort extra money from investors.

Support Ignores Requests

The only way to contact customer assistance on the site is via the online form. Once you describe your problem and enter your contact information, you should expect a response in your email inbox. Of course, the support ticket will be ignored, and your question will remain unanswered.

Inside the trading area, we found an online chat feature that prompts you to wait for an agent to become available over and over again. There’s an option to send a message in the meantime, but of course it doesn’t work.

Scammed? We Can Help!

Not only will they lie about their regulation and registration, but they’ll immediately empty your cards and e-wallets if they ever get a chance. No wonder they’ve been labeled as scam by one of the leading regulators in the EU.

If your funds have already been misappropriated, we recommend you contact us immediately. Our legal team can advise you and help you issue a chargeback in order to recover lost assets as soon as possible. In contrast to fake recovery firms like Techforing, we have the means to truly help!

FAQ

Is Fintexa Legit?

TThe brokerage is not lawful and is not a genuine service provider, especially according to BaFin.

Can I Get My Cash Back?

If you act quickly, there might still be a chance for you to recover lost investments. Contact our chat agents and they’ll arrange a free consultation with our recovery team.

Even at first glance at the Capital Ventures website, you can realize the company’s transparency is quite low. Even though they present us with addresses in popular financial centers like Singapore and Switzerland, they don’t reveal any registration details there.

That’s already a sign to stay away from the company. But luckily for you, there are many more signs we’ll reveal in this Capital Ventures review.

Legal info: Is Capital Ventures Legit or a Scam?

With addresses in Singapore and Switzerland, you would expect a company to be much more transparent. At least about legal information. Thus, Capital Ventures company doesn’t think the same. Anyway, if you check the database of the Monetary Authority of Singapore (MAS) or Finanzmarktaufsicht of Switzerland (FINMA) you won’t find this trading firm listed there.

But even without checking you could find hints in the company’s offer that they are not legit. Starting with leverage of up to 1:500 and bonus offers of up to 100%. All in all, without any licenses traders can’t trust this broker at all.

Who are Capital Ventures’s Victims?

Even though the company has been around since February 2024, some of its patterns are easily recognized. Such as details about their targeted countries. It appears most of their users come from:

• United States
• Brazil
• Nepal
• Indonesia

Generally, when a company doesn’t have any licenses and offers services in the US, that’s a recipe for a disaster. Very quickly, such trading firms get exposed by regulators and end up on warning lists. But before that happens, we suggest you check our tips from Globally-Invest.io and Solo FX reviews. If nothing helps to avoid such traps, contact us for refund advice as soon as possible.

Traders Reviews

If you judge this broker based on Capital Ventures reviews you might think this is a great choice. With 17 out of 19 positive comments on the Reviews.io platform, it’s clear some traders trust this brokerage. Or they want us to think so. But the more probable case is that the company forged those comments. Another potential outcome is that the company forcefully requires users to post positive comments.

All in all, traders have to remember one thing. That the Capital Ventures broker is not regulated. If you get your funds stuck with this firm, don’t hesitate to contact us for refund assistance.

Leverage, Commissions, Spreads, Fees and Taxes

As mentioned, the most critical feature of this broker is its leverage of up to 1:500. Without negative balance protection, getting into debt here is a piece of cake. When it comes to commissions and fees, there are none, except for trading spreads. The minimum ones you can expect in the beginning start from 1.5 pips. But fairly, with such a non-transparent broker you can’t expect them to deliver what’s advertised.

Bonuses

Another reason not to trust Capital Ventures trading firm is its welcome bonus offer of up to 100%. Such bonuses usually include shady clauses that can keep your funds away from you for a long time. Sadly, the company’s T&Cs, and logically, bonus policies are not revealed.

Capital Ventures Trading Features

If you access the trading room of Capital Ventures Forex company, you will realize you can use only basic functionalities. Such as trading and pending orders, risk-management tools, and a few customization features provided by Trading View. If you are looking for more advanced options, you’ll have to look for trading firms with more reliable platforms.

Trading Platforms Available

The only way scam brokers can present users with any profits is through platform manipulation. That’s why you will quite often see web traders instead of trusted third-party solutions. But when you see such a platform with an unregulated broker, just keep your funds away from them.

Available Trading Assets

Tradeable assets won’t make a big impact if you don’t have regulated services. That’s why trading with top-tier licensed firms is the key. Nevertheless, very often the offer with unregulated firms matches the ones with regulated ones. But that’s just one of numerous deceiving tactics. Anyway, the options are:

• Forex – USD/CHF, EUR/SGD
• Commodities – gold, natural gas
• Shares – Amazon, Tesla
• Indices – NASDAQ, DAX30
• Cryptos – TRX, DOT

Account Types

As can be seen, once you complete the Capital Ventures login process you’ll be required to activate some of the following accounts. But keep in mind, all these are just a way to extort more money from traders. The offer consists of: 

• Standard – $250
• Silver – $2.500
• Gold – $10.000
• VIP – $50.000

Of course, if you deposit $50k you can only expect benefits like exclusive trading strategies, individual business plans, weekly sessions with market analysts, etc. Thus, without adequate licenses, none of these features can be trusted.

Mobile Trading App

To sum it up, no. If you sign up for a Capital Ventures account, get ready for their poorly designed web-based platform only. On the positive side, at least it’s optimized for mobile devices. Yet, that won’t make much difference when they rip you off.

Demo Account

Even though the platform access is granted, you won’t have virtual funds to play around with. Fairly, with all the hidden conditions and poor features, this is a huge disadvantage.

Education

Unfortunately, learning how to trade properly is better through YouTube than with this brokerage. But the safest way is always with top-tier regulated brokers. Anyway, the educational program can only get traders with more than $50k in deposits.

Capital Ventures Withdrawal

With hidden policies and fees, it’s clear withdrawals won’t ever happen. On top of that, there are welcome bonuses that will surely impact your withdrawal potential. Lastly, but most importantly, without licenses no matter what the company says, you can forget about clean withdrawals.

Customer Support

Another huge issue with this broker is a lack of trusted contact options. In fact, the only way of reaching them is the e-mail and a web contact form. Practically, you can forget about any responses if you require withdrawal assistance.

Key Information To Consider About Capital Ventures?

If you start deeply searching for issues, you could do it forever. However, the key problems are manipulated platforms, hidden costs, Capital Ventures withdrawal issues, and lack of regulations.

If you face any issues related to this or not, with this scam broker, contact us immediately for refund options. After all, the first consultation is free of charge. Book yours now.

FAQ Section

What is Capital Ventures?

Capital Ventures is a Forex and CFD trading firm registered in February 2024 that allegedly operates from offices in Singapore and Switzerland.

Is Capital Ventures Legit?

Definitely not. Without adequate licenses, the company can’t be trusted. Therefore, you better keep your funds away from such brokerages.

Is Capital Ventures Approving Withdrawals?

Considering hidden withdrawal policies and fees, most likely not. If you experience any issues during the process, contact us for refund advice as soon as possible.