If you have encountered the RaiseFX broker and wonder if it is a scam or a legit broker, this RaiseFX review will assist you. We must admit that RaiseFX skilfully covers up its fraudulent nature; even experienced traders would buy its seemingly legit service presented on its multilingual and well-designed website.

Nevertheless, when you continue exploring, you realize that it has all the attributes of fraud — unlicensed business, fabricated trading credentials, and inadequate services. Moreover, the French financial market regulator (AMF) has recently put RaiseFX on a warning list. Therefore, to prevent falling for this trading scam, continue reading our article for more information.

Additionally, we strongly advise you to avoid the fraudulent brokers Fivoro, Equalpros, and ImportCapital.

Is RaiseFX a Safe Trading Company Or a Scam?

According to its webpage, it is registered in Kazakhstan as Raise Group LLP, which is allegedly licensed by the financial supervision committee of the ministry of finance of Kazakhstan. However, this entity is not a financial authority; there are three financial regulatory agencies in this country: AFR, NBK (National Bank of Kazakhstan), and AFSA (Astana Financial Services Authority). None of them has authorized this broker. Therefore, RaiseFX is a far cry from a safe trading company. After it has been blacklisted by the French AMF, RaiseFX is a pure scam.

RaiseFX is a tricky business pretending to be a legitimate company based in Kazakhstan. It claims to be licensed under a non-existent supervisory body. As a matter of fact, it is an exposed trading scam by the French financial authority.

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

Contrary to unauthorized brokers operating on their own, certified brokerage services are safe for doing business with them since they must comply with strict legislation. Otherwise, they are fined, prosecuted, and suspended. Since no third-party monitoring and controlling of unlicensed brokerage firms, they can be involved in fraudulent trading activities without consequences.

Legitimate brokers and specifically those regulated by high-ranked supervisory bodies (FCA, ASIC, and BaFin) mitigate risks inherent in trading by providing negative balance protection (you can’t lose more than deposited), segregated accounts (your money is kept separate from broker’s capital, so if a broker ceases trading, it doesn’t affect you), and coverage against insolvency (compensation schemes are up to 100K USD).

MetaTrader 4 – Trading Platform Offered by The Company

Regarding the availability of MetaTrader 4 at RaiseFX, this shady brokerage firm surprisingly provides this trading software on a white-label basis. Anyway, it remains the case that RaiseFX is unlicensed, and even worse, it tries to whitewash it by faking authorization.

If you want to enjoy the full benefits of MT4 with peace of mind, you should trade with credible brokerage firms. In addition to MT4, MT5, Sirix, and cTrader are highly regarded in the industry. It is because these modern trading platforms are reliable, user-friendly, and accessible from any device. On top of that, they enable expert advisors, instant orders, many technical indicators, copy trading, and unlimited charts.

Mobile App & Tablet

As mentioned, MT4 and other cutting-edge programs are accessible via mobile phones and tablets. This feature allows users to trade anywhere, anytime without compromising the platform’s functionality. That means that there is no difference in trading on cell phones, tablets, and desktops. In addition, the MT4 mobile trading app is available at Google Play and Apple Store.

What Do We Know About RaiseFX Account Types?

Concerning account types available at RaiseFX, this phony broker actually offers only one live trading account. It comes with a minimum 200 EUR deposit, which is several times more than what industry leaders require. For example, 10 USD is an opening balance at some of the most reputable brokerage companies.

Holders of the RaiseFX account can allegedly trade with over 400 tradable assets, including the following.

• Forex: AUD/CAD, EUR/CHF, USD//GBP
• Indices: ASX200, EU50, CAC40
• Cryptocurrencies: Litecoin, Ripple, Bitcoin 
• Commodities: gold, silver, crude oil.

Keep in mind that access to global markets and safe trading can only be achieved with genuine brokers.

MAM-Account

A MAM account, which stands for Multi Account Manager, is aimed at funds managers enabling them to manage several accounts on behalf of their clients from a single one. Funds to MAM can be transferred via equity, P&L, and balance. Product prices are identical on the main and sub-accounts. 

With the MAM account, you can monitor trading commissions in real-time, execute trades at all accounts simultaneously, and have full control of accounts. Additionally, you can earn from managing the MAM account in several ways: 

• Monthly management fees — your clients (holders of sub-accounts) pay monthly fees that you levy.
• Performance fees — the same as above, but it is based on customers’ trading performance.
• Surcharges fees — you can set your spreads and earn profits.
• Revenue sharing — this broker guarantees to share earnings with you from spreads you have set up.

Anyway, if we were you, we would pay no attention to any offer coming from this bogus brokerage firm.

RaiseFX Affiliate Program

This bogus company offers bespoke partnerships designed for a range of professionals (e.g., influencers, fund managers, bloggers, traders, trainers, etc.). For instance, its business introducer program enables you to be remunerated for your clients’ trading activities (up to 50%). Its affiliate program allows you to get paid for bringing others to invest with RaiseFX—the bigger the deposits, the more your revenues are. Nonetheless, RaiseFX entices traders with these offerings, and its promises are deceptive because it is a dishonest scam broker.

Leverage, Spreads, and Fees

Speaking of leverage, RaiseFX sets it at 1:400. It means that for every dollar invested, you can earn 400 USD. Although leverage is a great tool for making profits, it is risky at the same time. Hence why many jurisdictions limit a leverage ratio to 1:30/1:50. 

As for spreads and commissions at RaiseFX, it has zero starting spreads and various trading fees charged per lot. For example, let’s take the EUR/USD position, you will pay 0.7 USD (spreads of 0.2 pips and a 0.5 USD commission) for a 10 USD investment.

What Is Known About RaiseFX’s Trading Conditions?

When it comes to the RaiseFX trading conditions, they are as real as this fake broker. For example, this broker assures you that you can use many safe methods for deposits and withdrawals — credit and debit cards, bank transfers, and crypto payments. In reality, the first two means of payment are not available here since they can be charged back. Only funding via crypto wallets is possible at RaiseFX because it is anonymous and hard to reverse. More on this is in the following section.

Scammed by RaiseFX Broker? – Let Us Hear Your Story

We have discovered that RaiseFX is focused on scamming traders from

• France
• Belgium
• Spain
• Malta

So, if you are one of its victims, you should act fast and inform the respective authorities. Also, don’t forget to alert other traders by leaving negative RaiseFX reviews. Finally, you can apply for a chargeback.

Also, avoid the trading frauds XTB Global, Cryptos Circus, and Bitonext at all costs! Moreover, before investing, always look into the past of internet trading firms!

But What Is A Chargeback?

A chargeback enables you to get your money back. For credit/debit cards and wire transfers, there are no issues since transactions made through these payment methods can be canceled and reimbursed. On the other hand, crypto payments are challenging to trace and undo. For this reason, they are frequently used by fraudsters. 

Anyhow, our company can help you retrieve funds even if you have used crypto. So get in touch with our chargeback specialists for more info.

What Is RaiseFX?

 It is an unlicensed business that foxily hides its true fraudulent nature.

Is RaiseFX a Scam Broker?

Yes, it is an exposed scam by the French watchdog, AMF.

Is RaiseFX Available in the United States or the UK?

Allegedly, no. In reality, yes. But it is not authorized to operate anywhere.

Does RaiseFX Offer a Demo Account?

 It offers a signup option for a demo account. But it is not available here.

While the broker claims to be based in Ukraine, has a website in Italian, and is allegedly in the process of getting a license, we had to review its business. It all sounds like one big red flag that definitely deserves a thorough LTMTrade review.

LTMTrade Regulations and Security

LTMTrade is a brand of Sharp Global LLC from Ukraine. There are several odd things we’ve noticed at first glance. On the main page, the broker says to be regulated, while in the disclaimer, it says it’s in the process of getting regulation. However, once you check the tab Regulation, you see some weird claims about the regulation from the Cayman Islands, leaving it unclear whether the company already holds the license or just opted for one.

Therefore, we can say that LTMTrade is not regulated and is not obliged to follow any rules. Of course, it also means you don’t have access to the FSCS compensation fund, even though this fraudulent firm tried to convince you differently.

Fund Withdrawal Issues With LTMTrade

One of the most significant issues of all the unregulated companies is withdrawals. As there’s no regulator behind these firms, they do not feel obligated to pay out clients. There is nobody who would fine them or make sure that clients are reimbursed. It happens a lot with new companies established during 2020 and 2021 since the global pandemic has unable regulators to control newcomers to the financial market. Clients are left to take care of themselves and fight fraudulent brokers alone.

If you have an account with an LTMTrade broker and cannot access your funds or log in to your trading account for a while, file a complaint immediately.

Traders About LTMTrade Scam

Suppose you’ve been involved in a scam. In our opinion, you will not have anything good to say about the fraudster. That’s the situation with the LTMTrade forex broker as well. Traders complain about withdrawals, but more importantly, they say account managers request access to their computer via the notorious tool – AnyDesk.

Once you provide such access, the broker can log in to your online bank and transfer the funds without you participating or knowing about it. Beware that this kind of tool exists and never provide access to people you haven’t met.

For these reasons, you should avoid LTMTrade forex broker and similar scammers such as AvaChoice, SphereX and Arb-capital.

How To Know If You Have Been Scammed Online?

For a start, if your broker is unregulated, such as LTMTrade, know that you will most likely be scammed. Therefore, make sure to check who you are dealing with before entering the financial market. If you’ve already been involved and can’t withdraw your funds, it’s time to file a dispute.

Besides, if an account manager forces you to install AnyDesk or a similar application, pushes you to invest more funds, or talks to you impolitely after you refuse to invest further, beware of the possible outcome.

Make sure to check your trading account regularly and if you find any mishaps or losses that you haven’t noticed before and shouldn’t be there, report them instantly.

Scammed by LTMTrade? – Tell Us Your Story

Being involved with an unregulated firm always brings a risk of being scammed. If you were a victim of LTMTrade, let us know. We would like to hear your story and help you request a chargeback.

But What Is A Chargeback?

It’s a way for your bank to reverse the fraudulent transaction. For more details, contact us via online chat and book your free consultation. Let’s get your money back before it’s too late!

What Is LTMTrade?

LTMTrade is a fraudulent trading firm without financial regulations.

Is LTMTrade A Scam Broker?

According to LTMTrade clients, this firm doesn’t allow withdrawals.

Is LTMTrade Regulated?

Broker claims to be regulated, but it has no license for providing financial services.

Taking its trading name after HYCM, a regulated UK trading firm, WinHycm tried to defraud its clients about legitimacy. However, we’ve exposed this entire scheme in our WinHycm review and given you all the reasons why to avoid this fraudulent company.

WinHycm Regulations And Security

WinHycm doesn’t list their owner, and as an address, we’re given an approximate location – London, UK. However, if you read the terms and conditions carefully, you will see that the governing law is the law of the Marshall Islands. It means we’re dealing with yet another unregulated offshore brokerage.

Just in case, we’ve checked FCA, GLOFSA, and several other registers looking for WinHycm. As suspected, there was nothing to be found. Beware of the broker’s scam and don’t fall for the story that they’re part of a regulated firm.

In addition, we strongly advise you not to invest in RedRock500, OnexCap and FXORO fraudulent brokers.

Fund Withdrawal Issues With WinHycm Broker

Following the good old scheme, WinHycm is not approving withdrawal requests. Like many others hiding their owners and headquarters, WinHycm broker thinks this anonymity will keep them safe for as long as it takes to steal the money and disappear.

If you’ve experienced any issues, including blocked access to your trading account, make sure to file a complaint. This is a new trick brokers are using, showing you that there is a technical error or some sort of wrong information input, while in reality, your access is suspended so that you couldn’t make any withdrawals.

Areas Of WinHycm Scam

According to numerous WinHycm reviews, it seems that the broker is mainly active in Spain and Italy. However, we’ve seen reviews from the UK, Australia, Canada, South Africa, and many other countries, so wherever you are, beware that you might become the next WinHycm scam victim.

Traders About WinHycm Scam

As you can imagine, traders have nothing good to say about WinHycm brokerage. They are prompted to make a too high initial deposit of $2,500, and once they do so, it all depends on how much they have left. If the account manager sees the potential to extort more, they will keep pressuring.

If, however, a client is not willing to invest further until they see results and payouts, the broker will just block their trading accounts.

How Does Online Trading Scam Work?

Online trading scams can vary and depend on the fact if the broker is regulated or not. While regulation is not a guarantee, you will at least know that you have an authority body behind it that will investigate the case and use the funds from a compensation fund to reimburse you. On the other hand, brokers like WinHycm give no guarantees as there is no regulator, no compensation fund, and no obligation to comply with the rules.

If you have experienced any issues and cannot withdraw your funds, access your account, place any trades, and similar, let us know.

Also remember the names of the Invests360, SphereX and MaxiPlus Trade trading scams and avoid them at all costs! Moreover, always check the background of online trading companies before investing!

Scammed by WinHycm? – Tell Us Your Story

If you were scammed by WinHycm or a similar bogus broker, there is a solution. You need to file a dispute and request a chargeback.

But What Is A Chargeback?

This is a way for your bank to reverse the transaction if you can prove the fraud occurred. However, since you need to go through an entire evidence collection and presenting process, the best would be to contact specialists. Get in touch with us via online chat to book a free consultation with an expert who can assist you with the matter. It’s time to make the first step towards a refund!

What Is WinHycm?

It is an online CFD and Forex trading provider without a license.

Is WinHycm a Scam Broker?

WinHycm has been suspected of fraud as it has many negative reviews.

Is WinHycm Regulated?

WinHycm is not regulated and provides financial services without a proper license.

After careful Axelery Group review, we can tell that we still do not understand the broker completely. It looks like the idea of the axelerygroup.com website was simply to collect as much money as possible by scamming the investors and then disappear. Let’s see what we were able to find out.

Axelery Group Regulation and Security

The broker is entirely anonymous and hard to catch. According to the website, it was based in Seychelles and established by two guys with over a decade of experience in share trading. These guys decided to open a company that is offering crypto trading. However, the company irresistibly looked like a binary options brokerage with a cryptocurrency offering.

There is no company owner listed, nor these two alleged founders can be tracked down anywhere. Sounds like a pretty lovely packed story with a bad ending.

Be aware of the Axelery Group scam, such as Equiti, AlphaFXC and Trustpac brokers.

Axelery Group – Issues With Funds Withdrawal

What else could we expect from a completely anonymous broker? There are many complaints and many accusations that it’s impossible to withdraw your funds from Axelery Group. According to reviews made by users, this broker was targeting countries in development, such as the Philippines, and taking all the money from their citizens.

Since the website is entirely inactive, it’s impossible to access the funds at all. Therefore, we had to collect information from clients for our review and take their experiences as an example.

According to them, there were several account types, the smallest starting from $10 only. However, the story doesn’t stop there. The moment you deposit this $10, you get a call from an aggressive salesperson on the other side, explaining to you why you should deposit more. Why you need to add more money and why you will never succeed with as low as $10. Those who did add more funds never heard of the alleged account manager again.

The broker promises a return of investment of 45% to 90% in one day. Allegedly, all the trades are AI-based, and they discovered a way to exploit the market in their favor. However, there is no software and no returns. Only desperate clients that have no idea what to do next.

Scammed by Axelery Group Investment?

If you are one of the Axelery Group victims, there is a possibility of getting your money back. Do not blame yourself. There are many people scammed by Axelery Group brokerage. Unfortunately, it happens. It’s essential to react in time and request a chargeback.

But what is a chargeback? A chargeback is a way of refunding your card in case you were scammed online. You need to file a dispute and request your money back.

Contact our support team for assistance with the chargeback procedure!

What is Axelery Group?

Axelery Group is an online trading brokerage without regulations.

Is Axelery Group a scam?

The broker is unregulated, has many complaints, and the website was shut down due to too many scam allegations.

Is Axelery Group regulated?

No, Axelery Group does not have any regulations for providing financial services.

A short glance at the numerous DeliTraders complaints and warnings told us all we need to know about this trading firm. However, we wouldn’t leave you without complete information, so let’s start. We will show you exactly why investing your money with this firm is risky and unreasonable.

What About DeliTraders Regulation?

DeliTraders is a brand owned by Miva Solutions LLC from Saint Vincent and the Grenadines. This trading firm is notorious in trading circles for its many fraudulent activities and another scam brand they have, Euro Capitals. 

Since the brokerage is based offshore and has no regulations, it’s only registered with the FSA,  so you have no security for your funds. There are no guarantees that you will ever be able to withdraw any money or that the broker won’t just shut down and disappear as many of these kinds do.

Beware of the DeliTraders trading scam and do not to invest in Safe Holdings, DoxFX and FlawlessTradeFX fraudulent brokers.

DeliTraders Warnings From Regulators

The broker and its owner have been blacklisted in many countries around Europe. We have warnings coming from German BaFin. The same was issued by the Spanish CNMV.

Belgian regulator FSMA stated that the company is conducting fraud and providing financial services without authorization.

Italian CONSOB stated the same, adding a broker to its black list.

Fund Withdrawal Issues With DeliTraders Broker

Since the company is clearly a scam, no wonder there are many reports about problems with withdrawals. When the broker is offshore, finding a bank that holds the money and tracking transactions is rather tricky. These types of brokers, such as DeliTraders, don’t care about clients. Instead, all they want is to gather as much money as possible and disappear at some point. 

Be careful when investing funds into such companies and if you notice anything suspicious such as an account blockade or similar, let us know immediately.

Also remember the names of the SeaLTD, PlusCFD and EuroFX trading scams and avoid them at all costs! Moreover, always check the background of online trading companies before investing!

Areas Of DeliTraders Scam

The broker is mainly active in Germany, Spain, Albania and Italy, according to reviews. Besides, we’ve seen negative comments from Belgium, Australia, Canada, and more. Wherever you are located, be aware that DeliTraders provides financial services without regulatory approval, and you have no guarantees of being reimbursed in case of scams.

Traders About DeliTraders Scam

As mentioned, there are a lot of complaints regarding withdrawals. Besides, the broker listed an address in London as an actual headquarters, misleading clients that they would be able to visit the office. However, once they tried, they discovered it was just a part of the broker’s scheme.

None of the reviews are positive, implying that you should be very careful when dealing with DeliTraders.

How Does Online Trading Scam Work?

Online trading scams don’t differ much from other scam types. False companies are being established with the utmost goal of extorting funds and clients’ banking details. You will be approached via social media or a trading ad, promised assistance and profits, just to end up losing your funds and looking for a refund solution.

Some brokers go a step further and prevent clients from withdrawals by freezing their accounts. If something similar has happened to you, report it immediately.

Scammed by DeliTraders? – Tell Us Your Story

If you are a victim of the DeliTraders scam, let us know immediately. Our chargeback specialists may assist you in filing a dispute and getting your funds back.

But What Is A Chargeback?

A chargeback is a way for the bank to reverse the fraudulent transaction and retrieve funds directly from the merchant. Since the process itself requires evidence submission, we advise you to get assistance. Contact us via online chat, book a free consultation and let’s get what’s rightfully yours!

What Is DeliTraders?

DeliTraders is an online Forex and CFD trading provider without a license.

Is DeliTraders A Scam Broker?

Yes, DeliTraders operates without a license and has been blacklisted in Germany, Spain, Italy, and Belgium.

Is DeliTraders Regulated?

DeliTraders is not regulated and provides financial services illegally.

If you thought you had finally found a place for your money, this FinoTrend review would quite surprise you. Despite promising security and transparency, the only truth from the slogan is that the company is “profit-driven.” When it comes to their own profit. Let’s explain everything step by step.

In addition to the above, we strongly advise you not to invest in NovaTechFx, Valiant Markets and  MarketLTD fraudulent brokers.

Is FinoTrend Regulated? – Why Does It Matter?

When a broker is not regulated and hides basic information, you have nowhere to complain or guarantee that you will get your money back. That’s why it’s of utmost importance to find a licensed firm.

FinoTrend broker hasn’t given us anything besides some loose indication in the disclaimer, stating “this website is owned and operated under FinoTrend brand name within the European Economic Area.” 

Since the EEA zone has the best Tier1 regulators, we’ve checked which register has FinoTrend regulation.

Does the Broker Have a Tier 1 Trading License?

Surprise, surprise. If you like your money, stay away from the FinoTrend trading scam. It’s not just that the brand is anonymous, but it’s also unlicensed.

Scam Warnings Against FinoTrend

Since the company defrauded many and there were numerous FinoTrend complaints, the Belgian regulator issued an official warning.

Official Warning Issued by FSMA – Evidence of Fraud

Last month, FSMA issued a warning, adding finotrend.com to the list of unregulated domains. This warning was later republished by Italian CONSOB, stating that the FinoTrend Forex broker has no license to provide financial services in Italy.

Also remember the names of the CTA Capitals, Elcomercio24  and RedRock500 trading scams and avoid them at all costs! Moreover, always check the background of online trading companies before investing!

Where Is FinoTrend Trading Scam Active?

The broker FinoTrend operates all around the globe. The countries with the most complaints are:

• Belgium
• Canada
• Netherlands
• Germany
• UK

By Italian warning, we can see that this illicit firm is expanding to Italy as well, and probably, to more countries in the EEA zone.

FinoTrend Trading Software

If you’re prepared to invest 5,000 EUR with an unregulated firm, the FinoTrend trading platform will not amaze you. All you will get is a proprietary WebTrader with several charts and indicators.

WebTrader Platform

Unlike MT4 and MT5, WebTraders never have a diversity of trading tools. Yet, we have to admit that FinoTrend tried to keep the image of EEA zone broker with limited leverage to 1:50, limiting your risks as well.

Mobile Trading App

You can use the mobile app for FinoTrend login on Android and iOS devices. Link can be found on the broker’s website, and the app is based on WebTrader.

Trading Accounts Overview

If you still think of investing, here’s a FinoTrend account type offer for you:

• Beginner – 5,000 EUR
• Trader – 10,000 EUR
• Expert – 25,000 EUR
• VIP – 50,000 EUR
• Exclusive – 100,000 EUR

Demo Account – Risk-Free Environment

Sadly, a Demo account is not an option, so you will need to invest FinoTrend’s minimum deposit if you want to test the account. Let’s just stop for a brief moment and remember that regulated companies allow you to start with as low as $10 on the Micro account, so there’s no reason to pay 5,000 EUR to an illicit firm.

Islamic Account

The company offers an Islamic swap-free account, so if that’s something you may be interested in, feel free to check it out.

FinoTrend Deposit Methods – How To Deposit?

FinoTrend enables a few deposit methods, including:

• Bank wire transfer
• Debit cards
• Credit cards

Allegedly, all funds are subject to regulation and safety. Yet, the company itself has no regulation, so we’re unsure who’s regulating these funds. Deposits can be made in USD or EUR, and if you really want to invest, we’d advise you to use your card. In case of any problems, you have up to 540 days to file a dispute for a chargeback.

Scammed By FinoTrend Broker? – Talk To Our Recovery Experts

If you are a victim of a FinoTrend scam or involved with any other bogus investment firm, let us know. Our chargeback specialists will assist you in getting your money back.

Don’t let scammers run with your hard-earned money! It’s time to take action and get a refund before it’s too late.

We’re waiting for you on the online chat; book your FREE consultation, and let’s get your money back.

What Is The FinoTrend Minimum Deposit?

FinoTrend has an insane minimum deposit of 5,000 EUR.

Can I Trade Cryptocurrencies And CFDs With FinoTrend Broker?

You can trade CFDs with FinoTrend, but crypto is not available.

Does FinoTrend Give a Deposit Bonus When Opening an Account?

FinoTrend doesn’t give any bonuses when depositing funds.

Is FinoTrend a MetaTrader 4 Forex Broker?

FinoTrend is not an MT4 broker; it offers only a WebTrader.

Bitcoin Pro is an affiliate campaign company that offers you the possibility to trade Forex pairs, commodities, stocks, and cryptocurrencies with top-level brokers. 

That’s all the website says. Pretty scarce, to say the least. Other reviews of this company seem suspicious because they are all about praising but there is not a single review from actual traders. Our Bitcoinpro Review is here to reveal the truth.

Legal Info: Is Bitcoinpro Legit or a Scam

We know absolutely nothing about this company since all we have to start with is a bogus website. All the dubious reviews we found suggest that Bitcoinpro adheres to strict financial market regulations of reputable authorities such as the FCA (UK) or ASIC (Australia).

However, that’s not enough. In order to be sure you’re trading on a safe and legal platform, your provider must be regulated – it’s unambiguous. We checked the register of the two aforementioned regulators but didn’t find Bitcoinpro anywhere.

The legal documentation mentions no company name, address, ID number, jurisdiction, etc. What we’re dealing with here is an anonymous online investment scam. Also, you should know that brokers such as primotrade cannot be trusted because they’re based offshore.

Therefore, we don’t recommend you trust Bitcoinpro. Instead, find an honest provider that’s undoubtedly regulated by financial market authorities such as the FCA, CFTC (US), BaFin (Germany), IIROC (Canada), CySEC (Cyprus), etc.

Who Are Bitcoinpro’s Targets?

According to godaddy.com/whois, Bitcoinpro com was created on October 19, 2020. Since then, the illicit provider has mainly been offering services to traders residing in the following countries:

• United States;
• United Kingdom;
• India;
• France;
• Tukryie.

Needless to say, Bitcoinpro has absolutely no right to offer services in these countries because the provider is unlicensed and anonymous. Ignore all the lies about respecting European regulations Bitcoinpro put on the website.

Online scams can be cruel. If you lost money to Bitcoinpro, we can help you retrieve it. 

Trading Features

Bitcoinpro claims that the company “is in partnership with the top and most reputable brokerage companies in the world.” However, it was not mentioned which brokers are associated with Bitcoinpro digital.

Also, Bitcoinpro “empowers investors to trade cryptocurrencies in full automation mode,” implying that an automated trading option is available. We highly doubt it, especially considering that we’re dealing with an anonymous website. Trading conditions such as the maximum leverage, spreads, commissions and overnight fees were not disclosed. 

Trading Platform Available

As mentioned, there is supposedly a web-based trading terminal somewhere. Not that there is a link or the Bitcoinpro app that would allow us to see it. Nonetheless, we can tell you from our experience that unregulated platforms such as invcenter are a terrible idea.

Why risk your hard-earned funds when you can simply find a reliable and licensed broker and trade safely without having to constantly be on guard?

If you lost money to the Bitcoinpro scam, book a free consultation with us.

Demo Account

Bitcoinpro listed a risk-free demo account. However, the website says that all “Bitcoin pro members get to use a free and unlimited demo account.” How does one become a pro member? By investing more money?

This demo account thing is a classic bait. Bitcoinpro encourages users to become “pro” users and invest more money just to get a free demo account, which should be available from the get-go by default. 

Bitcoinpro Withdrawal Process

Bitcoinpro listed three available payment methods:

• Credit/debit cards;
• Wire transfers;
• E-wallets.

The minimum deposit is 250 USD. According to the website, “no fees are charged for fund deposits and withdrawals.” Processing times can vary depending on the platform and the chosen withdrawal method. Some platforms aim to process withdrawals quickly, often within 24 hours.

The good thing here is that these transactions can be reversed. For instance, credit/debit card payments can be reversed via a chargeback, which can be requested at the issuing bank within 540 days.

Customer Support

Bitcoin Pro offers 24/7 customer support in multiple languages, it’s still helpful to delve deeper into what this support entails. It is available in multiple languages. 

“The support team is available all days of the week attending to all investor issues or concerns. They are professional, friendly, responsive, and work hard to ensure investors only worry about withdrawing their profits.” While the whole customer support deal seems decent, we cannot forget about the anonymous status of this website.

It is definitely not safe to trade with such as provider, which is why we advise you to ditch Bitcoinpro altogether and instead find a proper broker for trading.

Key Information To Consider About Bitcoinpro

To recap our concise review, Bitcoinpro is an anonymous affiliate campaign that promises competitive trading conditions and boasts of partnership with top brokers. However, this entity is not regulated, which makes the whole deal extremely risky.

There are no trader reviews of Bitcoinpro. Our verdict is that Bitcoinpro is nothing more than a cyber scammer pretending to be a legit provider. Do not invest your money here. If you fell victim to this scam, we can help you with the chargeback process.

Book your free consultation today and start the chargeback process.

FAQ Section

What Is Bitcoinpro?

Bitcoinpro is an anonymous affiliate campaign that claims to have partnerships with world-class brokers.

Is Bitcoinpro A Trustworthy Provider?

Bitcoinpro is definitely not trustworthy. In fact, we know nothing about the legal background of Bitcoinpro.

Is There A Cap On How Much Money Can Be Made From Bitcoinpro?

No, but we highly doubt that you can make profits with Bitcoinpro. If you believe you’ve been scammed, call us immediately.

ITGSolution net is an offshore brokerage based in the Comoros Islands. That being said, the broker’s regulation is disputable and instantly questions the platform’s credibility and reliability.

Our ITGSolution net Review is here to expose the scammer and prevent more traders from falling into this cyber trap. Learn why you should avoid this dubious platform. 

Is ITGSolution net a Regulated Broker?

ITGSolution claims on its website that this brokerage is run by Dev Global LLC. This company is registered with the Mwali International Services Authority (MISA), the regulator of the Comoro Islands. 

Moreover, the website also mentions that this company is registered in Saint Vincent and the Grenadines (SVG), which is not true. We checked the database of the Financial Services Authority (FSA) but did not find the company there.

Nevertheless, it’s still an offshore company with a shady regulation that’s simply not credible enough based on established trading standards. ITGSolution’s regulation is substandard. Trusting offshore brokers usually ends up in wallet draining. We exposed one such fraudster recently – orbitgtm.  

Our advice is that you find a reputable broker that operates under the jurisdiction of Tier 1 financial market authorities such as the FCA (UK), CFTC (US), ASIC (Australia), CNMV (Spain), etc. Speaking of the cnmv, the Spanish watchdog issued a warning against the ITGSolution net scam on April 10, 2023. 

What Do Traders Say About ITGSolution net?

Traders also seem to think that ITGSolution net is a scammer. We checked the broker’s trustpilot.com page and immediately found a complaint against the broker. At the time of this writing, the broker had a total of 70 reviews with an average score of 3.2 (average).

 ITGsolution. net has not refunded my money up to this day. About 4 months have gone by, I invested 180 Euros. I am not able to log on my account on their website to see my profit. They do not reply my messages. I was informed by email by an anonymous person that my investment with Itgsolution.net has grown and that I have a 7,934 USD in my name on their software…

• Trustpilot user, June 13, 2023.

The common theme that the complaints feature is poor communication between the company and the clients. Withdrawal issues are seemingly inevitable with ITGSolution net. Please contact us if you need help getting your money back.

ITGSolution net Fees

The ITGSolution net fees for cryptocurrency trading are the same for all tokens – 0.8%, per the website. As for fiat currency pairs, the trading costs, i.e. spreads & commissions vary for each currency pair.

For instance, the spread for the EUR/USD benchmark currency pair is 0.8 pips, if the website is to be trusted. We will give the broker the benefit of the doubt here; 0.8 pips is pretty decent and competitive considering that the industry’s standard is 1.5 pips.

ITGSolution says that all other fees for deposits, withdrawals, inactivity, and copy trader feature are zero. Whether this is true or not, it does not matter. The financial swindler is unregulated and blacklisted, which means that tempting fees and costs should be disregarded.

What Types of Accounts Are Available at ITGSolution net?

Let’s make an overview of ITGSolution’s trading account types:

• Classic – 5,000 EUR;
• Gold – 25,000 EUR;
• Platinum – 100,000 EUR;
• VIP – 250,000 EUR.

ITGSolution demands that traders pay 5,000 EUR just to create the most basic live account tier. There are many legitimate brokers that will charge you just 10 $ for a Micro account.

The Gold and Platinum account types offer a 15% price discount while the VIP account offers leverage up to 1:500. Such high leverage is risky and may lead to huge losses, hence why the regulators set the cap at 1:30 (Europe, Australia) or 1:50 (North America).

ITGSolution net does not offer a risk-free demo account. If you are a beginner, it would be a disaster to invest 5,000 EUR into a live account without first testing out the platform. Please avoid offshore brokers that do not offer demo accounts such as ITGSolution net and exteom. 

The ITGSolution net Trading Platform

According to ITGSolution’s website, the trading platform that this broker features is a browser-based trading terminal, commonly called WebTrader. This platform is an oversimplified and ineffective trading tool because it does not offer advanced options such as automated trading, live market reports, or branch optimization. 

It may be suitable for absolute novices but even they ought to outgrow it quickly. The main issue here is that the broker is unregulated, meaning the platform may be manipulated. 

ITGSolution doesn’t support proper third-party software such as MT4, MT5, or cTrader. If this platform was used to trap your funds, please inform us about it.

Where Does This Broker Operate?

According to godaddy.com/whois, the ITGSolution net website domain was created on January 10, 2023, which is relatively recent. Since then, the con artist has mainly been targeting traders from the following countries:

• Sweden;
• Norway;
• Finland;
• Spain;
• United Kingdom.

The data from similarweb.com shows that the ITGSolution.net website recorded 11k visits last month, which is a decline compared to March’s 19k visits. This is good news but the problem is that the website is still active and needs to be taken down. 

To reiterate, the Spanish CNMV issued a warning against ITGSolution net in April this year. Since the other domains on this list feature identical or at least similar regulations, it means that ITGSolution cannot operate in any of them.

ITGSolution net Payment Methods

ITGSolution’s deposit & withdrawal policy is missing from the Terms and Conditions document. In the FAQ section, the phony broker simply listed credit/debit cards as the only available payment method. Acceptable cards are those issued by Visa and MasterCard.

That does not work to the broker’s advantage but at least this payment method allows for a chargeback to be requested at the issuing bank within 540 days. The minimum deposit is 5,000 EUR and all the fees are allegedly zero.

Our Verdict on ITGsolution

To sum up, ITGSolution is a fraudulent offshore broker with no credible trading license. This scammer has been active since April 2023, targeting mainly traders from the UK, Spain, Sweden, Norway, and Finland.

This brokerage is dangerous, please stay away from ITGSolution.net at all costs. If you are a victim of this scam, contact us for help. We will guide you through the chargeback process but you must make haste!

Book your free consultation with our team today and learn how you can get your money back!

FAQ Section

What is ITGSolution net?

ITGSolution net is an offshore brokerage based on the Comoros Islands that offers FX, CFD and crypto trading.

Is ITGSolution Legit?

No. ITGSolution appears on the blacklists of two reputable European financial market authorities – the Spanish CNMV and Italian CONSOB.

What Should I Do If I Have Been Cheated By ITGSolution net?

If you are a victim of this scam, you can request a chargeback at your bank. Call us and we will explain how it works.

This failure of an exchange has already defrauded a number of investors by claiming to offer a secure and lucrative crypto trading environment. Secretive about their registration, legal data, and regulation, these alleged trading professionals dare to consider their offer the most competitive in the industry.

The truth quickly surfaces as we deepen our investigation and dig up the facts, so read this Dexochain review and find out what devious scam strategies this con employs.

Legit by no Means

There is not a single piece of information available about the parent company that runs the website we’re reviewing. No phone numbers or physical locations and addresses of the headquarters are shown, either. Attempting to find anything on the Dexochain exchange was like chasing a ghost.

However, legal documents mention laws and courts of Malta to have jurisdiction over legal proceedings. If that means the conduct is registered in this country, they would need a MFSA license to operate. Of course, they do not own it, as visible from the search results.

Moreover, the firm is not regulated by any other prominent authority, such as FCA, BaFin, CySEC, or ASIC, so it’s better to avoid them, just as you would other scams like Zenith CFD.

Narrowly Focused on US Traders

If the statistics are telling us something, it’s that US crypto investors are an especially vulnerable group of traders. Apparently, the Dexochain scam, established in February 2024, is centered around stealing digital assets from traders in the following countries:

• United States
• Cambodia

To entice their victims, these miscreants tend to promise airdrops, free coins, high staking rewards, and guaranteed trades. 

Moreover, they also offer bonuses, especially through their referral campaign. This facilitates the scam as it quickly attracts new victims. All Ponzi schemes operate in a similar way, so you should avoid any similar proposals from other frauds, Exchange-Crypto.com being another one.

Are These Costs Realistic?

Standard maker/taker fees start at 0.85% for the lowest VIP level. The main cost is the internal payware fee of 1% on all deposits, 1.5% on all transfers, and 2.5% for required insurance. Whoever of their clients is not able to pay these fees is charged another 18%. 

Dexochain withdrawal is also taxed at 18%. All of these fees, as the legal papers clarify, are subject to occasional change without any prior notice. How unreasonable is that?

Bonus from Affiliates

Everyone who registers for a new Dexochain login can participate in the client referral program. Depending on the number of affiliates, you can receive up to 40% of the commission paid by your referrals. This is a typical part of any pyramid scheme, so try not to fall for the bait. There’s also a deposit bonus of up to $6,666 reward for performing various tasks, from signing up and verifying profiles to depositing and trading. 

Poorly Designed Environment

Once you start exploring what this crypto provider has to offer, it will become clear why there are no Dexochain reviews online. The company barely has anything at all to equip traders with in order to make money. 

Their trading area only vaguely resembles busy websites as a part of an illusion. Otherwise, the service provider just overcharges for the service they’re not able to deliver.

Inferior Web Trader

The Dexochain app looks pathetic compared to the complex trading rooms designed by reputable exchanges. Making educated decisions on the global market is not possible if you rely on the misleading data this terminal displays. 

The only outcome you’ll get to see is your own bankruptcy. Outdated market news and unresponsive graphs treacherously point out a scam orchestrated in the shadows.

Digital Assets Traded

The majority of products advertised on this page can be found on popular crypto trading servers, so this portal is not particularly impressive. If anything, only some of the most traded crypto coins are enabled, while more exotic ones are not a part of the offer. Some of the popular ones are BTC, ETH, LTC, USDC, BCH, BAT, ATOM, ZEC, LINK, USDT, EOS, ADA, and NEO.

Sign Up Not Recommended

Opening an account here only requires you to provide an email and a password. However, in order to access any of the trading features that are allegedly available, you are expected to complete the KYC. 

That includes sharing personal information, such as ID, bank account details, and other sensitive data. Once that is concluded, you are asked to invest at least 0.0050000 BTC as a minimum deposit to your Dexochain wallet.

We absolutely do not recommend you do that, considering that the firm itself doesn’t disclose any of its own information yet expects to get yours.

Payout Conditions

Since withdrawals are only allowed to those who own an alleged Premium account, everyone who wishes to perform a payout has to buy it. The price is not known, but it is a key withdrawal term. 

Furthermore, VIP clients are promised to get their profit sent to them within one business day. These are just empty claims, as nothing stops cyber thieves from promising whatever they want in order to manipulate their targets. Other withdrawal circumstances are not known, including the processing time and methods accepted.

Rude Chat Agents

The only way to reach out to the customer support office is via the online chat. This feature is only available for those that sign up. However, unfriendly chat agents will ask you for a Promo code or to make a deposit before they engage in your case.

We Trace Stolen Crypto!

High bonuses and other incentives, along with a promised profit and guaranteed returns, can easily push traders into investment. However, throwing your money into this shady scheme will never pay out. Don’t wait too long to find out.

Contact our esteemed CipherTrace experts and blockchain professionals who can track your crypto transaction and help with fund recovery. For details, please contact our live chat agents.

FAQ Section

What is Dexochain?

Dexochain is a fake digital asset investment scheme that misappropriates users’ funds whenever a chance appears.

Is Dexochain Safe?

Fraudulent crypto trading servers are absolutely not safe, as they do not provide premium security conditions.

Is Dexochain Regulated?

There are no details about the company’s license, so they can freely be treated as scams. For fund recovery from fraudulent sites, contact us for a free consultation.

So, XpresTrade seems like a total scam, and here is why. First, they charge crazy fees, and their trading software is lacking many features. And on top of all, their deposit methods are super sketchy. 
There are way too many red flags for Xprestrade to be legit. We’ll cover all the issues in our XpresTrade review.

Additionally, we strongly advise you to avoid the fraudulent brokers Abshire Smith, CertaInvest, and WaveSolutions.

XpresTrade – Trader’s Feedback on Brokerage Firm 

So, there’s this website called Xprestrade.com that’s been getting a lot of flak lately. Negative reviews are piling up from traders who have used this broker. We did some digging on our own, and we found out that this broker is up to some shady stuff.

We’ve added Xprestrade.com to our list of scam brokers that you should avoid. This conclusion is based on all the complaints, scammy behavior, and feedback from traders.

XpresTrade Offers MetaTrader 4?

We joined XpresTrade because they promised a fantastic trading platform. Yet, we were very disappointed when we tried it out. The web trading platform was too plain, by all means. 

It lacked many essential features of a professional platform like MetaTrader4 or MetaTrader5. We felt let down.

XpresTrade ‘s Trading Assets and Instruments

XpresTrade lets users can access the following markets:

• Forex – GBP/USD, USD/CHF, USD/TRY
• Indices – S&P500, NSDQ, FTSE100
• Commodities – copper, soybeans, natural gas
• Shares – AMD, NVDA, MSFT
• Crypto – DOGE, SHIB, ETC

The broad range of options may seem appealing at first glance. Yet, please try to understand the risks of investing in offshore companies. It’s more likely that you may not recover your investment.

Countries Of Service 

XpresTrade operates primarily in Canada, Japan, South Korea, Brazil, and Colombia, as reported by reviews and complaints. The bogus project, which started in February this year, has already spread widely. 

To avoid falling victim to the XpresTrade trading scam, it is advisable to seek out a safe brokerage to invest your money in. Always remember this. 

What Are The Different Account Types?

XpresTrade provides five different account types to choose from. They are as follows:

1. Classic – $250
2. Silver – $10,000
3. Gold – $25,000
4. VIP – $100,000
5. Black – $200,000

Yet, only the last two accounts offer advanced features to traders.  Also, the minimum deposit requirement is currently set at $250.

Can a Trader Use a Demo Account?

XpresTrade doesn’t offer a free demo account. Yet, a demo account is crucial. It allows you to practice trading with virtual money without any risk. 

With a demo account, you can trade stocks using virtual currency. It is a great way to learn how to trade stocks and develop your skills as a future trader.

XpresTrade Partnerships

Any partnerships with XpresTrade are likely to be fake. Fraudulent brokers often use fake partnerships to gain credibility and deceive investors. 

It is essential to verify the legitimacy of any claimed partnerships before investing your money. A reputable broker should have transparent and verifiable partnerships with trusted companies and organizations.

Terms of Service for XpresTrade 

This broker does not provide transparent terms and conditions to its customers. This lack of transparency can make it hard to understand the overall operations. 

It may also leave traders vulnerable to potential scams. It is wise to choose a broker that offers transparent terms and conditions.

Leverage, Spreads, and Fees

The spread for the benchmark EUR/USD pair is not cool, reaching as high as 3 pips. This is what we discovered upon registering on their website. XpresTrade offers leverage as high as 1:400. Yet it may not be trustworthy due to its unregulated status.

The fees charged by Xprestrade are not favorable, as the minimum fee per transaction is $20, which is exceptionally high. Regulated brokers rarely charge for withdrawals. That means that Xprestrade is a more expensive alternative. 

What Should I Do if I Have a Problem With Xprestrade?

Hey, first things first, it’s important to inform the authorities if you’ve fallen victim to a scam or fraud. So, reach out to local regulators and government bodies dealing with these kinds of issues. Don’t forget to deactivate your cards right away and give your bank a call to fill them in on what happened. They can give you some essential info and help cut further financial damage.

If you used your credit or debit cards to make a deposit, you might be able to file a chargeback. But be careful, as there are fraudulent chargeback agencies out there waiting to scam victims again – so proceed with caution.

Last but not least, sharing your experience can help protect others and give folks some insight into how these scams work. If you were scammed by this broker, let us know.

What Is XpresTrade?

XpresTrade is an unregulated and illegal brokerage firm.

Is XpresTrade a Scam Broker?

Yes, unfortunately, we have to say that XpresTrade is a scam broker.

Is XpresTrade Available in the United States or the UK?

Yes, US traders are accepted. For the UK, there is no confirmation.

Does XpresTrade Offer a Demo Account?

XpresTrade doesn’t offer a free demo account. Keep this in mind.