Thinking to open a trading account? Looking for the right broker? Thinking that Interactive Trading might be the one? Read our in-depth Interactive Trading review and find out why you should not open an account with this broker. We covered regulations, leverage, fees, reviews. Everything you need to know about a broker. Let’s start.

Regulation and Security

Interactive Trading broker is an offshore broker based in Saint Vincent and the Grenadines. The brand is owned by Innovative Software Solutions LLC. Interesting thing is that at the same address as this company we found another two companies – Advanced Software Solutions Ltd and Global Software Solutions Ltd. All of these companies have very similar, generic names that cannot be found by a simple search. Advanced Software Solutions Ltd is listed as the owner of INVcenter. More about this broker can be found in our INVcenter review.

When it comes to the security of the funds, the broker does not provide any information.

When you try to search for an Interactive trading broker, you can easily miss it for Interactive trade or Interactive Broker. Most scam companies do this on purpose because it’s harder to find reviews about them.

We can safely conclude that this broker is not legit.

In which countries does this broker work?

Interactive trading broker operates in all the countries as it seems. The broker has no regulation, so legally shouldn’t be providing services anywhere. According to the website of this broker, there are no restricted countries.

We checked Interactive Trading reviews and figured that most of their clients are coming from the UK, Belgium, France, Italy, Australia.

Wherever you are, be aware of this scam broker.

How Online Trading Scams Work?

Many offshore brokers are establishing their business online. Why? Because that way they do not pay taxes and do not need regulation. Offshore countries are tolerating these brokers and letting them exist without proper control. These brokers are posting ads everywhere hoping to find clients. And after you see the ad, and think you found something that fits your needs, boom! You deposited the money and it’s gone. Sometimes, they might retain you for a while, to make sure they took as much as they could. What you should always be aware of is this – you are the owner of your funds. You should have full control and decide about everything. And if you ever hear from a broker that you cannot withdraw your funds now, or that he knows better, be aware. Something is wrong with this broker, and you should go away. 

Scammed by Interactive Trading?

If despite all the warnings you get involved with this broker and get scammed by Interactive Trading, do not worry. You can always file a dispute. Chargeback is your solution!

What is a chargeback? It’s the refund of the card you used to make a transaction. If you didn’t get the product or service, or you were scammed in any way, you are entitled to ask for your money back. Contact us immediately and let’s start!

Is Interactive Trading a good broker?

Interactive Trading is an offshore broker without regulation. We can say that it is not safe to trade with.

Is Interactive Trading Scam?

This broker is operating from Saint Vincent and the Grenadines with no license. Many reviews are stating that the broker is conducting a scam.

Is Interactive Trading regulated?

Interactive Trading is an offshore broker that is operating with no regulation.

Where is an Interactive Trading broker based?

The broker is based in Saint Vincent and the Grenadines.

When it comes to foreign exchange markets, you should be conscious of scam brokers luring traders and capitalizing on the growing interest in online financial trading services. A textbook case of such a broker is Finance Proof pretending to be a regulated brokerage firm by multiple financial authorities. Actually, this shady company is a blatant liar rendering services based on deception and misinformation. 

So, please continue reading this Finance Proof review to find out all information on this investment scam.

​​What’s more, we strongly recommend that you avoid the fraudulent brokers CryptoFXPro, PredCoin, and StateHills.

Is It True That Finance Proof Is Licensed by The Financial Regulators?

Even though the Finance Proof broker states that it is authorized by several financial market regulators, it is a falsehood. As a matter of fact, this phony broker is nowhere near enough to be licensed under ASIC (Australia), FCA (UK), IFSC (Belize), and FSA (Mauritius) as it claims. 

Other than that, Finance Proof is based in Saint Vincent and the Grenadines, an offshore haven for fraudsters. That is because SVG is among the jurisdictions that have weak control over forex brokers.

Finance Proof is based in Saint Vincent and the Grenadines. It claims to hold multiple licenses, but, in fact, it is not authorized to provide services anywhere. Likewise, this unlicensed brokerage firm fabricates its adverse conditions to appear profitable. All in all, please stay away from Finance Proof. 

Arguments For Trading With a Licensed Broker

Instead of taking chances with an unregulated broker that can be involved in fraudulent trading activities, we recommend investing only with a licensed brokerage company. By doing so, there are many benefits. One of them certainly is the safety of funds, which is guaranteed by strict legislation. Especially forex providers accredited by the Australian ASIC, British FCA, and German BaFin are trustworthy. 

For example, they ensure your money by implementing negative balance protection and keeping your funds separate from their capital (i.e., segregated accounts). On top of that, their traders are covered by identification programs (up to 100,000 EUR per trader). 

Lastly, other advantages are outstanding customer service, state-of-the-art technology, favorable and transparent conditions, and plenty of educational resources.     

What Platforms Does Finance Proof Also Offer? – Available Trade Software

Regarding trading software, the most widely used are MT4, MT5, cTrader, and Sirix. As a result of their advanced features, the vast majority of leading brokers prefer aforesaid platforms. Some examples of their cutting-edge tools are stop loss, copy trading, and expert advisors. 

By comparison, the Finance Proof web trader can’t be in the same league with the latest trading programs. It simply lacks the necessary resources for safe and successful trading.          

Can Access The Trading Platform From Mobile Device?

In addition to insufficient instruments, the web trader limits you to trading from a browser. In other words, this internet-based trading platform isn’t available as computer software or a mobile trading app. 

Needless to say that in today’s fast-paced technological advancements, this is a big drawback. In contrast, modern trading systems enable trading on any device (desktops, smartphones, and tablets). 

Which Assets Can The Investor Trade?

Finance Proof trading allegedly allows trading with the most popular trading instruments. However, it is one of many dirty tricks to attract traders. An example of its tradable assets is as follows.

• Forex: USD/EUR, NZD/AUD, CAD/GBP
• Crypto: Tether, Litecoin, Dogecoin
• Shares: Nike, Facebook, British American Tobacco
• Indices: FTSE 100, CAC 40, DAX 30
• Commodities: metals (silver, gold, copper), energies (natural gas, crude oil, wind power), agricultural products (wheat, coffee, corn).

No matter how this offer seems appealing or credible, it is just another big fat lie cooked by this fraudulent broker. Therefore, if you want access to global markets, go with legitimate businesses.

Where Does Finance Proof Engage In Fraud? – Countries Of Service

After researching where Finance Proof fraud is active, it seems that it is focused on scamming traders from 

• US 
• Germany 
• Canada 
• Italy.

These markers are one of the most sought-after and also have the most stringent regulations. For instance, legit brokers operating in the US must hold a minimum operating capital of 20M USD. Other than this, all companies providing services in the foregoing countries must be authorized by respective supervisory bodies. In this case, relevant US and Canadian territorial authorities, German BaFin, and Italian CONSOB.

Trader’s Reviews of Finance Proof

When examining online Finance Proof reviews, we have discovered that many victims have withdrawal issues. In plain English, this financial swindler doesn’t let them draw funds out. That is so typical for all trading scams. Once they rope you into investing, you will hardly ever see your money again. 

Of course, with professional help, it doesn’t have to be that way. But more about this matter later.

What Are the Different Finance Proof Account Types?

Regarding the type of trading accounts, Finance Proof provides the following versions.

• Beginner: starting deposit of 150 USD, 1:100 leverage
• Amateur: starting deposit of 1,000 USD, 1:500 leverage 
• Professional: starting deposit of 10,000 USD, 1:500 leverage.

Additionally, there is no demo account at Finance Proof. This option enables practicing trading and testing platforms and conditions. Since it can’t be cashed in on, scammers rarely offer a demo account.  

Provides Finance Proof With Bonuses?

As it goes with every broker scam, Finance Proof attempts to entice traders with generous bonuses. However, when you open an account at Finance Proof, you will soon realize that the terms of bonuses are at the whim of this unscrupulous broker. This means that it won’t allow you to redeem or withdraw rewards. 

So, regardless of how promotions appear lucrative, they are a decoy. Due to the misuse of bonuses, they are prohibited in many jurisdictions. 

The Importance of Legal Documents

In terms of regulations, forex trading is a heavily controlled industry. All brokers must be certified by financial regulators to operate legally. Leading brokerage companies providing services globally hold multiple licenses to meet the requirements of every market. 

Being a licensed FX provider means that a company plays by the book. Otherwise, an unlicensed brokerage firm can’t be trusted since no third parties monitor its activities. 

About Leverage, Spreads, and Fees

Speaking of leverage at Finance Proof, its maximum ratio is 1:500 (amateur and professional accounts). A clear warning sign is that this high leverage is offered to less experienced traders (i.e., to holders of an amateur account). The high ratio is not an issue for professional traders since they have enough skills to handle the risk arising from it. That is why many financial authorities limit leverage for retail traders (e.g., it is 1:30 in the UK).

As for spreads and trading fees, they are not revealed. Anyhow, expect tight spreads and zero trading emissions, which are manipulated to seem profitable.

High Minimum Deposit and Withdrawal Terms

Regarding the minimum required deposit at Finance Proof, it is 150 USD. This is not too much higher than the industry standard. But it still is a needless risk because this is an outright scam. For example, you can start trading with a credible company for as low as 10 USD. 

Concerning withdrawals at Finance Proof, you should know that there are no money withdrawal guarantees with unregulated brokerage services.      

Payment Methods Available

Aside from this, Finance Proof accepts only cryptocurrencies as a funding method. With legitimate brokers, this wouldn’t be a problem since they also support credit and debit cards and wire transfers. 

However, it raises a red flag when a con artist insists on crypto payments since they are hard to trace and reverse. So, the intention to rip you off is obvious. Thus, please stay away from Finance Proof.

Scammed by Finance Proof Broker? – Allow Us to Hear Your Story.

With reference to what to do in case you are defrauded by Finance Proof, cyber security experts advise taking immediate action. First, you should report it to the relevant authorities. This will help them build awareness and the case against this financial swindler. Also, don’t forget about leaving negative reviews on this bogus broker. In doing so, other traders will be able to avoid its tricks. 

In any case, if you were scammed by a broker, let us know.

What Is the Process of Chargeback?

In relation to getting your money back, it is possible through a chargeback process, which depends on the means of payment. With secure methods like credit/debit cards and bank transactions, it is not an issue. You can do it by yourself. 

However, the problem is with crypto wallets — a preferred method of fraudsters. Accordingly, reversing crypto payments requires the assistance of chargeback specialists. For this reason, get in touch with us.

What Is Finance Proof?

Finance Proof is an unlicensed and unregulated broker pretending to be a legit company.

Is Finance Proof a Scam Broker?

 Yes, Finance Proof bears all the hallmarks of a broker scam, such as lying about its trading credentials.

Is Finance Proof Available in the United States or the UK?

It is available in the UK while it isn’t in the US. Anyway, Finance Proof is an unauthorized broker.

Does Finance Proof Offer a Demo Account?

No, Finance Proof doesn’t provide a demo account. This option is rarely offered by scam brokers.

Tipitek exchange claims to be operated by Cryptocoinpay. Yet, only through their T&Cs, we see that it’s a limited liability company. The official address presented on the contact page is in Singapore. Generally, makes everything easier since MAS Singapore regulates crypto investment services.

Now, the company claims to be registered in 2017. And yet, their domain was created in 2020. That could mean they were operating as a different brand before that. But also that they are misleading traders. In any case, not something to look forward to. Therefore, we invite you to read our Tipitek review carefully and reveal everything about this company.

Legal Info: Is Tipitek Legit Or A Scam?

Generally, the easiest way to see if the company is legit is to look if it’s regulated. In this case, we are looking at the Monetary Authority Service (MAS) from Singapore. However, their records don’t show Cryptocoinpay LTD being regulated. Therefore, none of the company’s services can’t be trusted.

But to avoid jumping to conclusions, we checked some other Tier 1 databases, such as FCA, AMF, BaFin, and ASIC. Sadly, the results were the same. To see how dangerous unregulated crypto exchanges can be, read our Pylwex.com review.

Who Are Tipitek’s Victims?

To be fair, this company appears quite legitimate and professional. Yet, that’s irrelevant once you check the Tipitek reviews. Considering those and research about the domain visitors, most of their traders come from: 

• Finland
• Germany
• United States
• Ukraine
• Cyprus

However, regardless of country, we encourage you to leave your opinion in the comments if you have any experience. Ultimately, our refund specialists can analyze your case and offer you a solution if needed.

Traders Reviews

Even though there are not many reviews, a potential pattern is revealed. Only 4 comments on Trustpilot and already 3 negative ones. Yet, they claim to have more than 1M existing customers.

Surprisingly, two out of those comments reveal that the company is asking for a 15% fee to get a withdrawal. Also, there’s a potential problem with funds being locked up for 180 days. In general, nothing that you wish for when you are investing. Therefore, be wise. If this happens to you, don’t hesitate to contact us for advice.

Investment Costs With Tipitek

Important to realize is that this company is not revealing any of the investment costs. Primarily not the taker and maker fees. These things could easily determine the course of your investment career.

If you are fooled once, you won’t be eager to trade again. Therefore, all dreams are gone. Hence, be wise and choose your investment company patiently. Otherwise, you might face unexpected fees required to pay, as other traders showed us.

Bonuses

Luckily, this company does not offer any kind of bonus. This means you can forget about shady policies preventing you from withdrawing any funds. However, without regulations, it’s not guaranteed such things won’t pop up in the future.

Tipitek Trading Features

As can be seen, some of the account types include vast advanced trading options. Such as built-in robots, algorithmic trading, and trading signals. Yet, none of these can be trusted without a license.

On top of that, such tools allow software or company to control your investment. That’s practically all you want to avoid. Also, the company offers leverage of up to 1:20, which is for crypto trading insanely high.

Trading Platform Avaialble

Another key fact is that the company does not offer a trusted trading platform. Even though they advertise an innovative trading platform, the platform is most likely web-based. This means that a wide range of manipulations are possible.

Available Trading Assets

Tradeable assets with unregulated companies are very questionable. All of the assets are not realistic, and these present only a fictive presentation of crypto investment options. Also, there are tokenized indices and shares. Anyway, it looks like they offer only popular crypto options like: 

• BNB
• BTC
• USDT
• SHIB
• DOT and a few more

Account Types

The account types reveal the bitter truth about this company. The only thing clear here is how much money they want from customers. Tipitek exchange has one unique feature. They hold investments between 90 and 180 days. In any case, the options are:

• Mini – $500 – 180 days
• Easy Start – $5.000 – 180 days
• Start+ – $25.000 – 180 days
• Pro – $100.000 – 90 days
• Pro+ – $500.000 – 90 days
• EXTRA – $1.000.000 – 90 days

Mobile Trading App

Apparently, the company offers iOS and Android apps. However, trusted stores don’t tell the same story. Therefore, this feature is highly questionable. But to see why trusted mobile apps are important, check our Biterrex review.

Demo Account

Another disadvantage of the Tipitek.com exchange is the missing demo account and platform transparency. This way, they tell any customer there is something hidden. Definitely something you want to avoid at all costs.

Savings Account

Another feature available with this company is a Tipitek savings account starting from $25.000. The annual interest rate is between 18% and 48%, depending on your chosen account type. Thus, this company is not authorized to provide such services. Bear that in mind.

Tipitek Withdrawal

As can be seen from the reviews, the company is asking for non-existent fees to be paid. Those 15% are not mentioned anywhere in the T&Cs or withdrawal policy. Neither does the company reveal processing time or methods. With this in mind, anyone would question if withdrawal from this company is possible.

Customer Support

If you want to reach out to the company’s staff, you have fairly good options. There are different e-mail options for different inquiries. But also three phone lines for US, UK, and Singapore clients. The support team’s working hours are 9 AM – 6 PM GMT on weekdays.

Key Information To Consider About Tipitek

One of the funny things is this company sharing media talking about them. Surprisingly, only suspicious media has ever written about them. But if you try to check the Financial Times, for example, the article doesn’t exist. This tells you everything.

On top of that, the company is not regulated, and there are suspicious fees traders are reporting. Therefore, if you experience anything similar, contact our refund experts immediately for advice.

FAQ Section

What is Tipitek?

Tipitek is a crypto trading company and exchange operating from Singapore allegedly from 2017.

Is Tipitek a Legit Exchange?

Fairly, no. The company is not licensed by MAS Singapore. On top of that, there are too many irregularities visible to the public.

Is It Possible to Track and Trace the Cryptocurrencies You Sent?

Surely. Cryptotransfers can be tracked with the CipherTrace tool. Once you find the final destination you can apply for a refund. But to avoid any mistakes, contact us.

If you’re looking for a reputable, licensed Forex and CFD broker, BullCFDs is not the one. The firm operates from an offshore country and has never obtained a regulation. Thus, it decides about its own trading conditions. Your money is never safe with unlicensed scheme firms.

Is BullCFDs a Broker With a Good Reputation?

BullCFDs is owned by Horizon Targets Solutions LLC, registered in December 2021 in Saint Vincent and the Grenadines. Maybe you already know, this offshore island has no financial regulator. Ever since the Financial Services Authority decided to register businesses but directed them to opt for a license in the service country, numerous scam brokers rushed to register there. Technically, they don’t belong under any supervision unless they decide to register with the FCA, ASIC, BaFin, or any other Tier1 license provider. Which BullCFDs never did.

BullCFDs is not a legitimate investment service provider. The firm is unregulated and operates from an offshore country. The consumer index is 1, indicating low trust.

How Unsafe Is An Unlicensed Broker?

Imagine depositing your funds with an anonymous bank with no authorization from the Central Bank in your country. Now you know what it’s like to invest in unregulated brokerage. Your funds are not safe, and the firm can vanish at any moment. And with that, your funds can disappear as well.

To add to the foregoing, we seriously recommend you to avoid fraudulent brokers such as Amplixx, 5Markets, and CryptoGo365.

Traders’ Experience With BullCFDs

The firm won’t win an award for broker of the year. Customers are unsatisfied, and according to reviews, most never got a withdrawal. In fact, the broker ensured that their trading account was immediately blocked once they submitted a request. Do not invest with BullCFDs if you cherish your money.

What Platforms Does BullCFDs Offer? – Available Trade Software

BullCFDs offers a proprietary desktop and mobile app and a WebTrader.

Desktop Platform 

The desktop trading platform is based on the web version and has all the same tools. You’ll notice a lack of advanced features such as social trading and automated trading in this case. We cannot say it’s the worst trading platform we’ve had a chance to review, but it’s not the best either.

Mobile Trader

The mobile app is similar to a desktop one. Basic features include buy and sell, trading history, and margin. Nothing close to MT4 or MT5 apps.

All About BullCFDs Accounts

This broker has four account types, including:

• Basic – $250
• Gold – $25,000
• Platinum – $50,000
• VIP – $150,000

The main difference is in spreads, market reviews, several free withdrawals, and daily analysis.

BullCFDs Broker – Countries Of Service

BullCFDs trading scam is mainly active in:

• UK
• Australia
• UAE

The firm has no license and provides financial services illegally. Thus, you should avoid it and find a legitimate brokerage.

Please remember the names of the scammers Aax, Exindex, and ZuluTrade and stay away from them! Also, before investing, always examine the history of internet trading organizations!

SSL Certificate – How Fraudsters Can Lure You

When the firm has nothing to offer, they often mention encryption and SSL certificate. In reality, this is not a money-back guarantee, data protection guarantee, or anything similar. The company purchased the certificate and added it to its website. However, it can cover only one part of the website, for example, the main page. Once you switch to a trading platform or a deposit page, this certificate may be missing, meaning the broker can easily steal your data in the most vulnerable moment. Make sure to check each page you’re redirected to, and never leave your information if the page is not secure.

BullCFDs Range of Trading Instruments & Markets

BullCFDs offers trading with:

• Currency pairs – EUR/USD, GBP/USD
• Commodities – gold, silver, natural gas
• Indices – NASDAQ, Dow Jones
• Shares – Amazon, Tesla, Apple
• Cryptocurrencies – BTC, XRP, LTC

BullCFDs Trading Conditions

Trading conditions are pretty blurry, leaving us wondering about the real risks.

About Leverage And Spreads

BullCFDs has never mentioned leverage, meaning that your funds can be exposed to high risk, but you won’t know it before depositing the money. Besides, the spread is described as floating, without any specifications. Since the spread determines your trading costs, missing is not a good thing. A legitimate firm would never allow not to share important information, but as explained, BullCFDs broker just doesn’t care.

BullCFDs Deposit, Withdrawal Methods, And Fees

The minimum deposit starts at $250, while the minimum withdrawal amount is not specified.

What Payment Methods Does The Broker Accept?

According to the Deposit and Withdrawal Policy, the company accepts:

• Debit/credit cards
• Wire transfer
• Cryptocurrencies

The fees are not disclosed.

BullCFDs Bonuses – A Fraudulent Method

BullCFDs offers bonuses and other incentives. While most Tier1 regulators prohibit these, scheme firms still abuse them to prevent clients from withdrawals. According to the Terms and Conditions, “If a client receives a bonus from the company, the client will not be able to withdraw any profit before he trades with an amount equal to 1,000 times bonus.” And that’s how you’re prevented from withdrawals before you even started trading.

Customer Support – Communication Channels

This broker contacts customers mainly through phone calls and emails. Besides, if a client has never registered, the company can use various social media, such as Facebook and Instagram, to offer their services. In some cases, they’ll use existing customers as a tool to advertise and promise them a small percentage in return. Whatever you hear or see, you should keep in mind that BullCFDs is not regulated.

Scammed by BullCFDs Broker? – Let Us Hear Your Story

If you were scammed by BullCFDs or a similar fraudulent firm, let us know. Our chargeback specialists will be happy to help and assist you with your recovery.

But What Is A Chargeback?

This is a way for your bank to recover stolen funds. Contact us via online chat for more details. We will book a free consultation with our experts. Start in time before this firm vanishes like numerous others.

What Is BullCFDs?

BullCFDs is an online trading firm without regulation.

Is BullCFDs a Scam Broker?

BullCFDs is a scheme firm that operates offshore and has no financial license.

Is BullCFDs Available in the United States or the UK?

The broker is available in both of these countries.

Does BullCFDs Offer a Demo Account?

Yes, there is a BullCFDs Demo account for those who want to test the platform.

As can be seen, the X-F24 trading brand has been operated by Mango Group LLC. This firm was established in Saint Vincent and the Grenadines a few years back. 

However, they were running the XFortunes brand before this one was established. This is already a hint there are some shady activities within this group. This unbiased X-F24 review reveals all the key points traders must watch out for. 

For more tips, we also recommend you check our Axiance and BGB Partners reviews.

Legal info: Is X-F24 Legit Or A Scam?

Regardless of the company’s location, it should have a license from the authorities in the countries where it provides its services. Unfortunately, this brokerage doesn’t have one, especially not top-tier ones like IIROC, FCA, or CONSOB. Without a license, the company can manipulate traders in numerous ways.

However, when those traders unite and report a company to regulators, that results in numerous warnings. The ones directly intended for X-F24 are coming from CSA and HANFA. The other ones (CONSOB, FSMA, A-TVP, AFM, and CNMV) are related to the brand owner, Mango Group LLC.

Who are X-F24’s Victims?

Since 2023, this trading brand has mainly targeted traders from Europe. Luckily, European investors are very well aware of swindlers, and they systematically sort out problems with them. 

Anyway, you should be extremely cautious if you come from: 

• Slovenia
• Switzerland
• Italy
• Canada

We invite you to add to the quite poor X-F24 reviews by sharing your experience in the comments below. If you just want to get your money back straightforwardly, reach out to our refund team in a live chat.

Traders Reviews

Generally speaking, not many comments about the X-F24 broker are available online. However, the ones that are available on the Reviews.io platform reveal the bitter truth. 

To be precise, 11 out of 13 traders didn’t have a positive experience with this firm, primarily because of platform manipulations and withdrawal issues. If you recognize your case here, don’t hesitate to seek assistance. Our refund experts are at your disposal.

Leverage, Commissions, Spreads, Fees and Taxes

Every broker has the absolute right to set up any fees they want. However, traders also have the freedom to choose which ones they are willing to pay. 

For that reason, transparency about trading costs is one of the most important aspects of regulated brokers. Unfortunately, with X-F24 Forex company, all those details are practically hidden, even the leverage.

Bonuses

Another proof this company will try to trick you in every way possible is their bonus policy. To withdraw any bonus funds or profits generated with it, traders have to reach certain trading requirements. In this case, for every $1 bonus, you have to reach $100.000 in the trading volume.

X-F24 Trading Features

Surprisingly, we can’t see any advanced trading features with this company. There is no social and copy trading or Expert Advisors. 

On top of that, the company doesn’t mention if strategies like hedging, scalping, and netting are allowed. But even if they are, there’s no guarantee you can withdraw any funds generated with such strategies.

Trading Platforms Available

If you don’t already have enough proof to stay away from this broker, check the X-F24 platform. When you see an unregulated broker offering proprietary web-trader, know they are preparing the soil for a scam.

Such platforms are easily manipulated and often used to present traders with fictive successful trades. Think about it: how come they manage in their first meeting with every client to make all the right trades?

Available Trading Assets

Generally, with tradeable assets, companies can easily attract more traders. The key is to offer something others don’t. But keep in mind that thousands of assets can’t replace one top-tier regulation. In any case, on this platform, traders have: 

• Forex – USD/EUR, AUD/NZD
• Indices – DAX30, CAC40
• Commodities – copper, aluminum
• Shares – IBM, Netflix
• Cryptos – ETH, SOL
• ETFs – Russell2000, QQQ

Account Types

As with any other swindler, the X-F24 account types offer only advanced support features, educational programs, and a few apparently exclusive deals. All in all, none of the trading conditions are transparently presented. 

Yet, they expect us to deposit up to  €250.000 to get all those options. It’s nonsense especially if you know that with some top-tier regulated brokers, you can get practically all of those with $10.

Mobile Trading App

Mobile devices play a huge role in our everyday lives. But also in the lives of traders. On top of that, developed iOS and Android apps or usage of trusted third-party ones, raises the company’s credibility. Sadly, that’s not an option with this trading firm.

Demo Account

With unclear conditions, it would be logical to get access to a demo account first after completing the X-F24 login process. But it’s not. Traders either have the option to deposit money or look for another broker with risk-free features.

Education

As mentioned, this investment firm has various educational programs. Starting with webinars, 1-on-1 sessions with analysts, market reviews, and more. But is it reliable after all the warnings? We highly doubt it.

X-F24 Withdrawal

This brokerage is a perfect example that numerous withdrawal options don’t mean anything. Even though the processing time is 3-4 business days, and the company charges a 3.5% withdrawal fee, that’s usually not everything. 

With a shady bonus policy, it’s clear traders can expect some manipulation tricks.

Customer Support

Generally, the company offers a wide range of contact options and availability 24/6. However, some traders have already reported useless customer service. 

Contact options are live chat, phone, e-mail, and web contact form. Thus, you shouldn’t rely on those if you are looking for X-F24 withdrawal assistance.

Key Information To Consider About X-F24

The only thing traders should keep in mind are numerous warnings against the company. If you find warnings, watch out for unregulated brokers offering web-based platforms and bonus and withdrawal policies. 

In case you are still caught in a scam, our refund experts will help you recover the funds. But first, book a free intro consultation to explore all of the refund options.

FAQ Section

What is X-F24?

X-F24 is an unregulated FX and CFD trading firm that has been operated by an offshore company found on numerous warning lists.

Where is X-F24 Located?

The X-F24 trading firm is owned by Mango Group LLC, a company registered in Saint Vincent and Grenadines.

How to Get Money Back From My X-F24 Account?

In case regular withdrawals are not possible, we recommend you contact our refund specialists and start the chargeback process as soon as possible.

While the crypto industry has been quite popular for around a decade, we only recently got clear rules and regulations. Some exchanges, like Xcoins, decided to follow the rules, while others, like VoltCoins, decided against it.

If you’re considering purchasing crypto and wondering which exchange to choose, this Xcoins review might help you. We’re outlining all the relevant details here.

Is Xcoins a Legit Crypto Service Provider?

Xcoins is owned and operated by CF Technologies Ltd. The company has been in the virtual currency business since 2016, while it obtained a regulation in 2021. The firm is registered as VFA Service Provider with the official authority of Malta, MFSA. This gives them the authority to run legally in the entire EEA zone.

However, on Xcoin’s website, you can find information that they also offer services in the US, Canada, and Australia. Yet, their US-registered domain, xcoins.io, is currently out of service. On top, each of these countries has its own rules regarding crypto exchanges, and we found no proof that Xcoins complies.

All in all, you should be careful when dealing with this crypto service provider.

Where Does the Exchange Operate?

As mentioned, the exchange is operating in most of the world. According to traffic analysis, the majority of their clients come from:

• US,
• Nigeria,
• Germany,
• India,
• UK.

The first domain, xcoins.io, was registered in 2016, while the second one, xcoins.com, has been in business since 2019. However, the company only obtained a license in 2021, five years after it started soliciting investors.

User Feedback and Experience

Of course, this review wouldn’t be complete if we didn’t check what investors have to say. At the time of writing, there were only 8 Trustpilot comments, 75% of them being 1-star. From what we can tell, the exchange is closing customers’ accounts without a valid explanation.

At reviews.io, the situation is somewhat better, with the exchange being rated well. However, this site is directly connected to the exchange’s website, meaning there might have been some interference from the company side. Since the company has US business, we checked BBB and found several customer complaints.

Sitejabber.com has 12 Xcoins reviews, with the platform rating negative. Finally, users on Quora also stated that they had withdrawal issues, which is a significant drawback to consider.

Xcoins Trading Features

Xcoins is not your typical exchange that offers the possibility to trade. You can buy and sell crypto through the platform, and that’s about it. There’s no leverage and the only fee is a purchase charge of 4-6% of the purchase amount.

The company offers you to buy various digital coins, including:

• BTC,
• XRP,
• ETH, etc.

Note that a purchase limit depends on your account verification level. The higher the amount, the more documents you will have to submit. There’s no account verification up to a $150 purchase.

Xcoins Mobile App

The website can be accessed through a web browser on any desktop or mobile device. In addition, you can install Xcoins mobile app on your Android or iOS device and enjoy a convenient login. You can enable 2FA, meaning that every time you wish to make a transfer from your mobile app, you’ll have to verify it using the 6-digit code.

Affiliate Program – What Can I Get?

The minimum deposit with Xcoins is $50. However, you have a chance to increase this amount if you join the affiliate program. Essentially, you need to promote the exchange and earn $10 for every customer that registers through your affiliate link.

Furthermore, you can get a 20% lifetime revenue share per user. The affiliate program is available in all countries where the exchange offers services.

Xcoins Withdrawal – How Can I Get My Money Back?

Here’s a list of available payment options:

• Debit/credit card,
• Bank transfer,
• Apple Pay,
• Google Pay,
• Faster Payments – works only in the UK.

Note that every withdrawal has exchange rate fees, and you may incur additional charges from the payment provider. However, the reviews indicate that getting money back from Xcoins might be a hassle. In this case, you can contact our CipherTrace experts for help.

Key Information About Xcoins to Consider

Xcoins is a Maltese-based, regulated virtual services provider. However, the company operates outside of the EU without displaying appropriate licenses. This may lead to potential problems.

Let us know if you experience any trouble with Xcoins or your crypto wallet. Our CipherTrace analysts may help you track and trace your coins and prepare a detailed report for the authorities. Book a free, non-obligatory consultation today!

What Is Xcoins?

Xcoins is a regulated European crypto exchange. In case you experience any trouble with your wallet, we will evaluate your case during a free consultation.

Is Xcoins Available in the United States or the UK?

Xcoins is available in both countries, meaning you can deposit funds and verify your account from both.

How Does Xcoins Sign Up Work?

You can find the signup field in the top right corner of the website, enter the necessary information, and register your account.

While most brokers are trying to say more using fewer words, MyBitChain put on their main page an entire essay on why you should choose them over other companies. It would all be amazing if it was true.

Dive in our MyBitChain review to find out everything about this unregulated brokerage.

MyBitChain Regulations and Security

Nowhere on the website can we find the owner of MyBitChain broker. Therefore, we can say that it’s the first red flag since you have no idea who to address in case of any issues. Besides, the company is allegedly based in Austria; however, it doesn’t have an FMA regulation. Any company on Austrian territory is obliged to opt for the regulation. Without it, all the financial services broker provides are unauthorized, and you have no guarantees of your investment.

Think well if MyBitChain is worth this kind of risk.

MyBitChain Warnings From Financial Regulators

Instead of FMA regulation, we found a warning against MyBitChain. Since the broker represents itself as Austrian, this regulator decided to warn citizens against the MyBitChain scam and publish that the company operates illegally, without any license or permission.

Fund Withdrawal Issues

Since the broker is not legit, nobody can oversee its activities and make sure clients get their funds back. For example, most EU regulatory bodies have a strict directive requiring brokers to have a compensation fund of 730,000 EUR. This fund has to be used if a client is scammed as a reimbursement fund.

As we’ve already concluded, MyBitChain has no regulations whatsoever, meaning there’s no compensation fund as well. If you ask for a payout, most likely, the brokerage will delay your withdrawal as much as possible, just for your trading account to be suspended in the end. Beware of the MyBitChain scam and report any suspicious activity immediately.

So, you should avoid MyBitChain forex broker and similar brokers such as SphereX, OBRinvest and 60op.

How Does Online Trading Scam Work?

Online trading scams are just a part of online trading. Unfortunately, many new brokers avoid regulations and don’t obey any regulatory rules. MyBitChain offers unregulated leverage, doesn’t have a suitable regulation, and doesn’t follow ESMA rules regarding keeping funds in segregated accounts.

After you start investing, everything will be fine until the moment you want to withdraw your profit. Suddenly, your account manager will be unavailable, the support team will ignore you, and your withdrawal request will never be processed. 

If you find yourself in this story, contact us for help immediately.

Scammed by MyBitChain?

If you were scammed by MyBitChain or a similar illicit brokerage, let us know. We need to collect evidence, file a dispute, and request a chargeback.

But what is a chargeback?

A chargeback is a way for your bank to reverse the transaction if you were scammed online. For assistance during the procedure, contact us via online chat. Our support will book a free consultation and you will have a chance to tell your story. Get in touch with us before time is out, and let’s get your money back!

What is MyBitChain?

MyBitChain is an online trading brokerage from Austria without financial regulation.

Is MyBitChain a scam broker?

Yes, broker has been blacklisted by the Austrian FMA for being an illicit brokerage.

Is MyBitChain regulated?

No, MyBitChain is not regulated. It’s blacklisted in Austria for providing financial services illegally.