GBG Limited Review – Clone Business With False UK Registration

It is unclear what kind of impression the GBG Limited website is trying to leave. Surely, by impersonating a UK regulated business, they can fool newbie investors, but only to some extent. If the firm was indeed operating out of the UK, why would the only site language be Spanish?

Otherwise, the anonymous entity behind the brand claims to provide safe and reliable trading on more than 15,000 instruments. Financial authorities have something different to say about this illicit firm. Read all about it in our GBG Limited Review.

Regulated by: Unregulated Broker
Is This Company Safe? No, never invest with unlicensed companies!
Known Websites: gbglmtd.com
Have Warnings from: FCA, CONSOB, IOSCO
Registered in: UK (alleged)
Operating since: 2023
Trading Platforms: N/A
Maximum Leverage: 1:500
Minimum Deposit: N/A
Deposit Bonus: Up to 20%
Trading Assets: Forex, Indices, Commodities, Bonds
Free Demo Account: No
How to  Withdraw from This Company? Get in touch with our team of professionals in order to start a GBG Limited chargeback!

Just A Clone

GBE, as the company behind the site is allegedly named, doesn’t exist in any register of authorized broker dealers. Our search through the respective databases has proven so. What the search also showed were the warnings on this conduct, issued by FCA, CONSOB, and IOSCO.

As the authorities report, the platform is a result of a poor attempt of cloning a well-regulated firm operating in the UK. This proves that the nameless bunch running the site doesn’t provide the necessary fund protection in form of segregated accounts, compensation funds and transparency. 

Additionally, the business ethics in work are against the legal framework in the very jurisdiction where they claim to be based in. 

How Con Artists Operate

Our inquiry into the WhoIs database revealed that gbglmtd.com was launched in March of 2023. The majority of the website traffic originates in the following countries:

  • Mexico
  • Germany
  • United Kingdom
  • United States
  • Australia

Fraudsters are active on the Facebook social platform, where they disseminate misleading articles about easy earnings on the market. While their profile does not have many followers, their content is widespread.

The brunt of the work is performed by boiler room agents, who in a fashion similar to the Forex48, pick up the phone and pester people to invest. They usually present themselves as finance professionals, or experienced traders with sure-fire knowledge about the market.

With the amount of persuasion and sheer number of unsolicited phone calls, some people eventually crack. Once the money is in the schemer’s hands, however, it’s difficult to recover it without professional help.

Clients Are Not Satisfied

Besides the social network activity, the company doesn’t have much of a digital footprint. If you check the review websites like TrustPilot, however, you will learn the ugly truth first hand. All of the client testimonials are universally critical of the firm, with 100% 1-star ratings.

Be warned that this may not be the case with every deceptive platform, as firms like SPmarket24 use so-called review seller networks to artificially raise their reputation!

High Leverage And Hidden Costs

Any pages on gbglmtd.com that should allegedly contain detailed data on spreads, fees, commission or swap for instance, are identical to the homepage.

Nowhere will you find the Terms and Conditions either, so it’s impossible to discern how much trading here costs. Something that the broker openly advertises is a leverage of 1:500, which is much higher than the UK regulatory maximum of 1:30.

Cashback On Deposits

The company compels any website visitors to make an instant payment through a pop-up. It advertises a 20% cashback for clients that use the Antares payment service. The link leads straight to this payment platform, which is, in all honesty, as shady as the broker themselves.

Zero Trading Insight

The platform makes numerous allegations and claims, and provides nothing to substantiate them. Problem here is two-fold, as not only is the website opaque about trading features, the GBG Limited login is also blocked.

In order to access any trading facilities, you must first obtain a promo code, which is disseminated only through company agents.

Inaccessible Platform

There’s only a single picture showing the GBG Limited platform, and that’s all the information about it. Although the platform is shown as operating on a tablet and a smartphone, there are no download links.

The situation is much different when trading on a regulated terminal. Reputable companies nearly always provide cTrader, MT4 or MT5 to their clients, as these programs are considered industry standard.

TradingView Instruments

The imported charts show the price movement of instruments provided by TradingView. These groups of tradable assets are what the trading portal only claims to provide, but without proof of it:

  • Forex (EUR/USD, USD/GBP, EUR/JPY)
  • Indices (SPXUSD, NSXUSD, DJI)
  • Commodities (Gold, Crude Oil, Natural Gas)
  • Bonds (T-Bond, Euro Bund, Eurodollar)

Single Live Trading Account

The “One Account For All” policy is only good as a propaganda slogan, and not much else. This means that all clients basically have to make a leap of faith, since there’s no info on minimum deposits or other account parameters. A demo account is not provided either.

Legitimate brokers always provide several account types that feature different pricing strategies. The current industry average for minimum deposits is $10 or less.

Unsafe Transfers

The illusion of facilitated funding is created with the claims about fast and seamless transfers through dozens of different methods.The GBG Limited withdrawals are supposed to be available via:

  • Credit Cards
  • Wire
  • Crypto 
  • E-wallets

Without access to the client area and the concrete payment conditions and channels, we cannot confirm any of these are available at all. In addition, no legal documentation exists to explain how these processes work and what is the exact method of charging the transaction services.

Unreachable Customer Service

The GBG Limited support should be available via phone and online form during business days. Not only that, but the platform allegedly provides multilingual support that is supposed to ensure the most enjoyable trading experience. 

All these claims aside, it is highly questionable if one wannabe brokerage agency has what it takes to provide such high-ranking service. Most probably not.

There Is A Way Out! Start Your Chargeback Today!

This broker is all bragging and no substance. Their website contains no tangible data, and the little info that does exist cannot be verified unless you’re willing to cough up the cash first. It’s a trap laid by the swindlers, and fully exploited by boiler room agents, who urge their targets to act on impulse.

It’s difficult to resist these persuasion experts. If you invested with this so-called broker, and now find yourself in a bind, we can help you recover your assets. Book a free consultation with our chargeback experts today, and start your chargeback!

FAQ Section

What Is GBG Limited?

It is a poor copy of a regulated firm, as FCA has posted in their public warning on this company.

Is GBG Limited Scam?

Most probably yes, considering the fact that they’re unlicensed and multiple times blacklisted. Therefore, we strongly advise you to contact us in case of withdrawal issues.

What Are The Instruments And Tools Of GBG Limited?

No concrete instruments exist, and only preview of the Economic Calendar available, linked from the TradingView.

FxOnUs Review: A Comprehensive Guide for Aspiring Traders

Among many shady brokers on the market, FxOnUs is definitely standing out. Why? Because the broker is offering a 50% loosable bonus (why would anyone do that?), a so-called deposit free account (claiming they are covering your bank’s fees for transactions), and a tailor-made account with a specialized account manager. For an account manager to manage your funds, the company needs to be regulated, and your account manager needs a license. Let’s see in our FxOnUs review what is wrong with this brokerage.

Regulated by: No regulation
Headquarters Country: Marshall Islands
Foundation year: 2016
Supported Platforms: MT4
Minimum Deposit: N/A
Types of Assets: FX, commodities, indices, shares, cryptocurrencies, futures
Maximum Leverage: N/A
Demo Account: No

FxOnUs Regulation and Security

FxOnUs is a brand owned by MarketOnUs Ltd. The company is based on the Marshall Islands and claims to have regulation number 81547. However, once you try to open the link leading to alleged regulation, all you get is “Error 404”, the page doesn’t exist. Neither does the FxOnUs regulation. When it comes to the security of the funds, the broker stated, “We decided that our customers and partners deserved something better.” What? We have no clue. Be aware of this broker; clearly, it’s running a scheme.

Warnings From Financial Regulators

As we noticed that something is wrong with FxOnUs, so did many regulatory bodies. The broker was reported by Spanish CNMV, Polish KNF, Italian CONSOB, and Belgium FSMA. All these regulatory bodies stated that FxOnUs broker is not regulated and has no permission to provide financial services. Also, they invited everyone being scammed by FxOnUs to report it immediately. Now you know, be careful when opening an account with this untrustful company.

How Does The Scam Work?

Everything starts from an attractive ad promising you a lot of money. Of course, you know that some of it is just marketing, but you believe that there is real profit as well. After all, so many people became millionaires from trading. You read it on the news every day.

One day, you find yourself making a deposit and trying your luck. But if you start with an unregulated, offshore broker, such as FxOnUs, you have no chance. No matter how good a plan you have and what you know about a trading system, you cannot make a profit. This type of broker does not give you even basic information – what is the minimum deposit and how to withdraw your funds. Be careful with such companies.

Scammed by FxOnUs?

If you were scammed by FxOnUs, know that you are not the only one. These brokers have a system they use to scam people for years before someone finally finds them. You need to report the scam, file a dispute and request a chargeback.

But what is a chargeback? A chargeback is a way to refund your card in case you were scammed online. You have 540 days to report it and get your money back. Contact our staff immediately via chat and start the procedure before it’s too late!

What is FxOnUs?

FxOnUs is an online trading brokerage based in the Marshall Islands with no regulation.

Is FxOnUs a scam?

The broker is based offshore and has no regulation. It’s conducting a scam.

Is FxOnUs regulated?

The broker is not regulated by any authority body, and it’s actually blacklisted by many.

Peylex Review: Who Is Behind This Dubious Platform?

Since we have seen this exact recycled website many times already, we can safely conclude that it is being used by the cunning criminal group we’ve been covering lately.

This shady enterprise centered its monkey business around cryptocurrencies and online exchange websites. To learn how the fraudulent scheme works, please read our Peylex Review. At the bottom of the page, you’ll find a form users can fill out to contact us and start the fund recovery process.

Regulated by: Unregulated Crypto Exchange
Is This Company Safe? No, this platform is unregulated
Known Websites: peylex.com 
Have Warnings from: N/A
Registered in: Australia (allegedly)
Operating since: 2023-09-26
Trading Platforms: Web
Maximum Leverage: N/A
Minimum Deposit: N/A
Deposit Bonus: N/A
Trading Assets: Cryptocurrencies
Free Demo Account: Unavailable
How to  Withdraw from This Company? Since this company is unlikely to return your money – contact your bank or financial regulator, or simply reach out to us for professional assistance in recovering your funds.

Legal Info: Is Peylex Regulated?

In contrast to the terms outlined in the User Agreement, the Peylex crypto exchange is not an Australian provider. The entity is missing from all company registers.

Moreover, the deceptive website falsely asserts that the client’s agreement with the platform is governed by Maltese laws and regulations. This dubious exchange is not registered with the Maltese Financial Services Authority (MFSA), which, by the way, adheres to European Securities and Markets Authority (ESMA) laws.

ESMA grants MiFID passports to licensed entities, allowing them to operate throughout Europe and offer compensation contracts of up to 20,000 EUR in case of insolvency or suspicious losses. Given the absence of regulation, it is crucial to note that engaging in trading on this platform entails significant risks.

Therefore, we recommend you trade firms that are licensed to operate under the jurisdiction of esteemed financial market authorities such as the FCA (UK), SEC (US), ASIC (Australia), IIROC (Canada), MAS (Singapore), CySEC (Cyprus), etc. 

Trader Reviews – Sharing Experiences

We reiterate that we have seen these recycled website pages multiple times already, which is indicative of the same criminal enterprise being behind the Peylex fraud. 

The swindlers use all these websites to prey on users. Although there are no Peylex reviews online, it doesn’t mean that the scheme isn’t active. You should always check what traders and investors think about a certain platform before opening an account. 

Negative reviews and complaints can alert you about scams as they helped us expose the IntraO phony broker. Cryptocurrency scammers typically use Telegram channels and WhatsApp chats to lure unsuspecting victims so be careful. 

Who Are Peylex’s Targets?

According to godaddy.com/whois, the peylex.com website domain was created on September 26, 2023. Since then, the crypto exchange con has mainly been targeting unsuspecting traders who reside in the following countries:

  • United States;
  • Germany;
  • Canada;
  • India;
  • Czechia.

Countries such as the US and Canada have strict market authorities that enforce heavy regulations. Germany and Czechia are EU members, meaning they require firms to have a MiFID passport. 

The fake exchange is not authorized to accept clients from any of the listed countries due to the lack of necessary permits and licenses. We have already stressed the fact that if you invest money in this platform, you cannot count on regulatory help or compensation so be cautious.

Swipe the bogus website through a webparanoid.com evaluation test and you’ll see that it has been flagged as dangerous with a low trust score. 

Which Trading Platform Is Available?

Peylex presents a straightforward web dashboard that supports spot cryptocurrency trading and features a range of popular coins like Bitcoin, Ethereum, Litecoin, Ripple, etc. Notably, the platform does not support leverage trading.

While the exchange provides users with basic tools like graphs, charts, and indicators, it fails to include advanced options, making the trading terminal ineffective. We had the same case in our Fivoro review.  

Consequently, we recommend opting for licensed providers that support recognized third-party software like MT4 or MT5. These platforms boast an array of cutting-edge tools, including automated trading, live market reports, advanced charting capabilities, a user-friendly interface, and instant order execution.

Outlined Fee Structure

Peylex imposes a tiered trading fee structure based on seven levels and trade volumes, with maker/taker fees ranging from 0.075% to 0.035%. Additionally, users are charged a flat fee for each cryptocurrency withdrawal to cover transaction costs. 

Withdrawal rates are subject to blockchain network fluctuations such as congestion. The fees differ for specific coins; for instance, Bitcoin incurs a 0.00005 BTC deposit fee and a 0.00012 BTC withdrawal fee while Ethereum incurs a 0.00092 ETH deposit fee and a 0.00230 ETH withdrawal fee. Transfer fees for both BTC and ETH withdrawals are listed as free. 

Suspicious Referral Program

The referral program offers an opportunity to earn money by referring friends. Upon registration through the link, the referrer is promised 40% of the fees paid by his referrals, as well as a reduced trade commission of 0.1%. To join the referral program, users must use a unique referral link. 

It is crucial to note here that the pyramid-type model and emphasis on recruiting new members is reminiscent of a Ponzi scheme, a type of investment scam that involves the payment of purported returns to existing investors from funds contributed by new investors. Don’t drag your friends into this mess.

Payment Process and Potential Issues

Peylex has listed various third-party electronic wallets for purchasing crypto on its platform. However, the multi-layered payment system adds complexity that seems to benefit the cyber crooks rather than the user.

If you lose crypto on this illicit platform, determining where your funds went will be a difficult task. Reversing such transactions requires advanced crypto-tracing solutions like CipherTrace.

If you experience any withdrawal-related issues on the Peylex platform, please contact us. We have experts who specialize in various fund recovery methods and we gladly offer our services. 

Key Information To Consider About Peylex

To summarize our concise review, we give a verdict on the platform, which is that Peylex is nothing but a crypto hoax mainly targeting traders from the US, Canada, Germany, Czechia, and India. The platform is not regulated or approved by any financial authority.  

We do not recommend the exchange because it is nothing but an anonymous crypto scheme designed to deceive users through a duplicitous exchange.

If you have fallen victim to the Peylex scam and cannot withdraw your funds, we offer professional services and assistance. Book your free consultation with Scam Brokers Reviews today!

Book a free consultation with us and launch the chargeback process.

FAQ Section

What is Peylex?

Peylex is a bogus crypto platform used by an anonymous criminal group to steal money from investors.

Is Peylex a Legit Crypto Exchange?

No, Peylex is not a legal crypto platform. Due to the absence of regulation, this exchange cannot be trusted.

Can I Recover Stolen Cryptocurrencies?

Yes, it can be done. We recommend you book a consultation and learn more about fund recovery methods.

Is the Peylex wallet Endorsed By Public Figures?

No. Not a single public figure or businessman has expressed any sympathy for this shady platform.

TickerWiz Review: Deceptive Practices by TickerWiz Broker

TickerWiz is a relatively new market player, only a few months old. However, it already has a lousy reputation, meaning it’s worth checking.

Before we start, we’d like to remind you about the dangers of trading with unregulated brokers. Such firms can disappear with your money, and you will have nowhere to complain. With this in mind, let’s dive into our TickerWiz review.

Broker status: Unregulated Broker
Regulated by: Unlicensed Scam Brokerage
Scammers Websites: Tickerwiz.com
Blacklisted as a Scam by: N/A
Owned by: N/A
Headquarters Country: UK (allegedly)
Foundation year: 2023
Supported Platforms: Proprietary platform
Minimum Deposit: $250
Cryptocurrencies: Yes – BTC, BCH, USDT
Types of Assets: Forex, commodities, indices, shares, cryptocurrencies, NFTs
Maximum Leverage: 1:1000
Free Demo Account: No
Accepts US clients: No

 

Is TickerWiz an Unregulated Trading Brokerage?

Yes, TickerWiz is unregulated. How do we know? Simple. The company added a UK address without the owner’s name or an FCA license number. 

The local authority body must duly regulate any investment brokerage operating from the country. Additionally, such firms must fulfill strict licensing criteria. Some of the requirements include maintaining a minimum capital of 730,000 GBP and forming a compensation fund with up to 85,000 GBP per account. On top, the UK follows ESMA rules and limits leverage to 1:30 for retail traders, whereas TickerWiz approves up to 1:1000.

Now that we cleared the basics, we can move on to other deceptions sold by this unlicensed financial swindler.

TickerWiz Operations – Countries Of Service

Usually, brokers like TickerWiz advertise their business on social media. They’re gaining customers through fraudulent ads that try to convince you that you’ll make thousands of dollars overnight.

We did thorough research on their customers and concluded that most victims come from the following countries:

  • Canada,
  • Sweden,
  • France.

While there are no official regulatory warnings as of yet, we’re sure they’re about to come. And your story can be the one to add weight to this case, so don’t hesitate to share it.

Trading Platform Offer

TickerWiz is pretty vague about its trading platform. They’ve included a couple of pictures of something called “CFD Platform,” claiming you’ll be able to monitor your trading activity, fine-tune your trading strategies, and customize the software with widgets.

Since the software is inaccessible prior to making a deposit, we won’t comment much. We will, however, recommend safer options such as MT4, MT5, and cTrader. These are all renowned platforms with a large number of trading tools.

Additionally, TickerWiz doesn’t mention mobile apps, while we’re sure MetaTrader has one for Android, iOS, and Huawei.

What Financial Instruments Does the Platform Include?

According to the website, you can trade in the following markets:

  • Currency pairs – EUR/USD, USD/JPY, GBP/CAD
  • Commodities – gold, silver, corn
  • Indices – FTSE100, S&P500, CAC40
  • Shares – BOA, BMW, Volkswagen
  • Cryptocurrencies – BTC, USDT, ADA
  • NFTs – BAYC, Crypto Punks, Axie Infinity

However, NFTs are just the latest scam running amongst unregulated brokers. Most of them claim to offer this hot market when, in reality, they don’t. We cannot verify what TickerWiz provides without platform access, so we’d advise you to stay away.

Leverage, Spreads, and Fees

As per the fees, the company charges $20 a month for all accounts not verified within 30 days and a $50 monthly dormant fee after 60 days of inactivity. The leverage goes up to 1:1000, as we already mentioned. It means you can earn a thousand times more but also lose quicker.

As per the spread, the website doesn’t disclose it. Since we’re unable to access the platform, we cannot find this information for you.

Trading Account Options 

While we’re sure nobody cares at this point, let’s review the six account types on offer.

  1. Main – $250
  2. Bronze – $2,500
  3. Silver – $10,000
  4. Gold – $25,000
  5. Platinum – $50,000
  6. VIP – $100,000+

While the broker website says the Main account starts from $0, don’t be deceived. Once you read their FAQ section, you will see that they are asking for a minimum of $250 for you to start trading.

Can I Trade on a Demo Account?

Surely, TickerWiz says you can use a risk-free Demo account. However, once you register, you’re redirected to make a deposit. Therefore, using a trial account is not an option.

TickerWiz Withdrawal Issues

According to reviews, customers are experiencing withdrawal issues, which doesn’t surprise us. After all, brokers like this or SafeCaps, for instance, have only one goal – to extort your money and vanish. 

The broker doesn’t explicitly list available deposit options except for the wire transfer. And if you want to withdraw your money through a bank wire, the minimum amount is $300. If you have any less, the company is forcing you to deposit so that they can trap even more of your cash.

In addition, we’ve learned that customers are forced to pay alleged taxes and fees before their request is approved. You can guess that even if you pay these illegal costs, you won’t get a penny back.

I Was a Victim of TickerWiz Scam; What Can I Do?

If you find yourself scammed by TickerWiz or a similar fraudster, don’t hesitate to report it. Our chargeback experts and CipherTrace analysts will be glad to look into your case and find a way to recover what’s rightfully yours.

Since chargeback is time-limited, while crypto can quickly change hundreds of wallets, we urge you to contact us immediately. Book your free consultation today, and let us do our magic!

What Is TickerWiz?

TickerWiz is an unregulated, anonymous online trading brokerage.

Is TickerWiz Available in the United States or the UK?

TickerWiz broker offers its services in the UK but doesn’t operate in the US.

What is the Minimum Deposit with TickerWiz Broker?

The brokerage requires a minimum of $250 for the Live account.

FiboTraders Detailed Review – Another Offshore Scam To Watch For, Fibotraders.com

FiboTraders is a broker claiming to be based in Saint Vincent and the Grenadines. However, even this is misleading information. Read our FiboTraders review and find out all the details.

Broker status: Offshore Broker
Regulated by: Unlicensed Scam Brokerage
Scammers Websites: fibotraders.com
Blacklisted as a Scam by: CNMV, CONSOB, FSMA, Finanstilsynet
Owned by: Fibotraders LLC
Headquarters Country: Saint Vincent and the Grenadines
Foundation year: N/A
Supported Platforms: WebTrader
Minimum Deposit: $500
Cryptocurrencies: Available
Types of Assets: FX, commodities, indices, shares, cryptocurrencies
Maximum Leverage: 1:600
Free Demo Account: No
Accepts US clients: Yes

What About FiboTraders Regulation?

FiboTraders is owned by FiboTraders LLC, allegedly based in Saint Vincent and the Grenadines. However, upon checking the FSA of SVG, we concluded that such a firm has never entered its register. This indicates that FiboTraders LLC doesn’t exist, and the website could be made by anyone who wants to steal clients’ funds.

Therefore, there’s nothing to say about FiboTraders regulation. It’s not offshore, and it’s not with Tier1 regulators such as FCA, ASIC, and BaFin.

To add to the foregoing, we seriously recommend you to avoid fraudulent brokers such as CapitalCoreArkcoin, and MetaversesWorld.

Why Is It Important For A Broker To Be Licensed?

A broker has to have a license so it will operate according to regulatory rules and keep your funds safe. Besides, Tier1 regulators require Forex firms to have a minimum capital of at least 700,000 EUR to reimburse potential victims.

Since we already explained that FiboTraders doesn’t even have a legitimate company owner, there’s no money-back guarantee.

FiboTraders Warnings From Financial Regulators

The broker has been blacklisted in several countries.

The Italian regulator CONSOB has added fibotraders.com to the list of fraudulent domains.

The Spanish regulator CNMV issued a warning stating that FiboTraders provides financial services without proper authorization.

This same warning was later republished in Norway and Belgium.

Traders Reviews About FiboTraders

The broker has a consumer rating of 1 and many negative reviews. Investors mainly describe the issues they have, including their inability to get a withdrawal or even access their trading account after a withdrawal request has been submitted.

Is CapitalCore a Legitimate Broker Or A Fraud?

FiboTraders is a scam brokerage. The company has been blacklisted by the Spanish CNMV for fraudulent activities. It’s an offshore broker without a license.

FiboTraders Own Platform – Is The Trading Software Safe? 

The trading company brags quite a lot about its trading platform. However, it’s nothing more than a proprietary WebTrader. It has a decent number of charts and indicators, yet it’s nowhere near reputable software such as MT4 or MT5.

FiboTraders Mobile Trading Platform  

Yes, the broker has a dedicated mobile app based on WebTrader. It works for both Android and iOS devices.

All About FiboTraders Accounts

There are 5 FiboTraders account types:

  • Standard – $500
  • Fibo + – $5,000
  • Gold – $25,000
  • Expert – $100,000
  • Platinum – call the broker

Accounts differ in spread, leverage, access to different educational materials, and swap discounts.

FiboTraders Broker – Countries Of Service

The company is mainly present in Spain, the UK, and Italy. However, based on the regulatory warnings, we can see that it’s targeting other European citizens, such as Norwegians and Belgians. 

Wherever you are, don’t fall for the FiboTraders trading scam.

FiboTraders Range of Trading Instruments & Markets

The company offers access to all major markets, including:

  • Forex – major and minor currency pairs
  • Commodities – metals and agricultures
  • Indices – global
  • Stocks – EU, US, and Asian markets
  • Cryptocurrencies – major coins such as BTC and ETH

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

FiboTraders Minimum Deposit

The firm requires quite a high initial deposit of $500. The industry standard is $250, while some regulated firms with Micro accounts allow you to start with as low as $10. Thus, there’s no reason to risk so much with a brokerage that doesn’t even have a legitimate company owner.

FiboTraders Unfavorable Trading Conditions

Of course, the broker is not regulated, so it doesn’t have to follow any rules regarding trading conditions. The leverage is against the regulations, while the spread is two pips for EUR/USD pair. For your comparison, the average is 1.5 pips.

High Leverage Is Unsafe

EU and UK regulators have set a leverage limit of 1:30 for the Forex market, while in the US and Canada, this limit is 1:50. Against all these rules, the broker offers up to 1:600, putting your funds at extremely high risk.

FiboTraders Deposit, Withdrawal Methods, and Fees

The broker accepts only one payment method – Bitcoin. 

Cryptocurrency Deposit Risk

Many scammers nowadays use the advantage of crypto and the anonymity of transactions and require their clients to transfer funds from a wallet to a wallet. This way, if you decide that you want your funds back, tracking them and recovering them is quite a challenge. 

Also, the broker hasn’t mentioned any fees or commissions.

Scammed by FiboTraders Broker? – Let Us Hear Your Story

If you fall victim to a FiboTrader trading scam, let us know. We may be able to help you start the chargeback procedure and recover your funds.

But What Is A Chargeback?

A chargeback is a way to recover your funds from the merchant if you can prove that you have been a scam victim. Contact us via online chat for more details, and let’s recover your money before it’s too late!

What Is FiboTraders?

FiboTraders is an online Forex and CFD trading provider without a real company owner.

Is FiboTraders a Scam Broker?

Yes, the broker is a scam and has been blacklisted in Spain, Italy, Norway, and Belgium.

Is FiboTraders Available in the United States or the UK?

The firm operates in both countries without a license.

Does FiboTraders Offer a Demo Account?

No, the broker doesn’t offer a Demo account.

Bitmintex Review: Kicking Off Our Review With Facts

Do not take Bitmintex for a legitimate crypto exchange. This platform is actually a cyber trap that is supposed to “trap” traders’ funds so that the criminal(s) operating it can steal them.

We intend to prove our strong claims in our Bitmintex Review using valid arguments but more importantly, facts! Bear with us as we expose the illicit trading scam. Also, learn how you can recover your funds from this platform. 

Regulated by: Unregulated Crypto Exchange
Is This Company Safe? No
Known Websites: bitmintex.com 
Blacklisted by: N/A
Registered in: UK (allegedly)
Operating since: 2023-06-07
Trading Platforms: Web
Maximum Leverage: N/A
Minimum Deposit: 0.003606 BTC (~ 100 USD)
Deposit Bonus: N/A
Trading Assets: Cryptocurrencies
Free Demo Account: Not Available
How to  Withdraw from This Company? Since this company is unlikely to return your money – contact your bank, Financial Regulator, or simply Reach out to us for professional assistance in recovering your funds.

Legal Info: Is Bitmintex Legit?

Bitmintex’s website claims that this exchange is operated by Crypto Arby Trade Limited. We looked up this company in the UK Company House register and found out it had been dissolved in late December 2022. However, the shady website was created in June this year.

That fact alone prompts us to believe that the out-of-business company had nothing to do with the exchange. Neither of the two entities is in the Financial Conduct Authority’s register, meaning that their status is ‘unlicensed’.   

Trading on an unregulated crypto exchange, or a Forex platform such as 70Trades, is pretty risky. Headaches are guaranteed, plus recovering funds from such schemes can be a downright nightmare. Therefore, please avoid this platform and instead try to find a licensed provider. 

We recommend entities that are licensed to operate under the jurisdiction of top-tier financial market authorities such as the FCA (UK), CFTC & NFA (US), ASIC (Australia), IIROC (Canada), MAS (Singapore), CySEC (Cyprus), etc. 

European regulators, for instance, require firms engaged in the financial market to compensate their clients in case of insolvency or suspicious losses. The amount of money traders can receive from these compensation schemes can be as large as 20,000 EUR.  

Need help finding the right platform for you? Do not hesitate to contact us. 

Who Are The Trickter’s Targets?

According to godaddy.com/whois, the bitmintex.com website domain was created on June 7, 2023. Since then, the bogus platform has been targeting mainly unsuspecting traders who reside in the following countries:

  • United Kingdom;
  • Romania;
  • Germany;
  • France;
  • Sweden.

Needless to say, Bitmintex has no authorization to offer services under these jurisdictions. The regulations in force in these countries are pretty heavy. Should you choose to invest money in this platform, you cannot count on regulatory help or compensation.

There are no trader reviews. Moreover, several websites such as webparanoid.com and scamdoc.com gave the website an awfully low trust score. These sites also show that the traffic on Bitmintex’s website is extremely low, thus debunking the fraudster’s claims of having 54,100 active traders.   

Which Trading Platform Is Available?

The available trading platform is browser-based. It features a wide range of popular cryptocurrencies that can be traded against US Tether. Also, the exchange promises spot trading but the website page cannot be accessed unless one registers a live account. 

Although beginners may find the online trading terminal easy to comprehend, more seasoned and experienced traders will find simple charts and graphs ineffective. Advanced tools and options such as automated trading, and live market reports are missing. Bitmintex does not support recognized third-party software such as MT4, MT5, or cTrader. 

Trading volatile assets such as cryptocurrencies is extremely risky so you should not be relying on an unregulated exchange that received terrible trust scores. Stick to regulated providers that operate by the book.

Unable to withdraw your funds from this platform? We can help you retrieve your money.

Fee Structure

The outlined fee structure is based on the trader’s 30-day trade volume, with both maker and taker fees decreasing as trading volume increases. 

Additionally, the website promises cashback incentives, with cashback percentages varying depending on the trading volume level. This fee structure has been designed to reward higher-volume traders with lower fees but we doubt its legitimacy.

The minimum deposit is 0.003606 BTC (or the equivalent value of any other cryptocurrency), which is around 100 USD. The deposit fee is around 1 USD. 

Deposit and Withdrawal Process

The financial swindler claims that crypto can be bought on this exchange using credit/debit cards and bank transfers. Is there any way to get the deposited funds back from scammers such as Bitmintex and RealFXPro?

Sure there is. The exchange is unlikely to fulfill your withdrawal request, which is why you must request a chargeback in case you deposited via MasterCard and VISA credit/debit cards or a recall if you paid through a wire. You can do so at your issuing bank within 540 days but it is best you seek out professional help. We proudly offer our expert services.

Key Information To Consider About Bitmintex

To sum up our review, Bitmintex is an unregulated crypto platform that has been active for a couple of months, even though the company allegedly behind it has been dissolved. The main targets of this con artist are traders from the UK, Germany, France, Sweden, and Romania. 

This scammer has attempted to provide services to traders in multiple countries despite not possessing the necessary regulatory approvals, thus placing investors at substantial risk. Moreover, the platform’s low trust scores, withdrawal issues, and lack of support for popular trading software further tarnish its credibility and reputation.

Our verdict is that this exchange is nothing but a hoax. You should report it to the authorities, particularly the Financial Conduct Authority (FCA) since the fraud is hiding behind the name of a former UK company. It is important to warn fellow traders about this unscrupulous crypto scheme. 

If you have lost money to the Bitmintex Scam and cannot retrieve it on your own, we offer our professional services and assistance. Book your free consultation with Scam Brokers Reviews today!

Let us know if Bitmintex scammed you.

FAQ Section

What Is Bitmintex?

Bitmintex is an anonymous crypto exchange scam that uses a rigged platform to defraud traders.

Is Bitmintex Legit Or Scam?

Bitmintex is undoubtedly a scam. If you invested money in this platform, we can help you recover it.

How Does Bitmintex Work?

Bitmintex is disguised as an online crypto trading platform and wallet. In reality, the website has been designed to steal money from users.

Trademay Review – Hidden Fees, Leverage and Unsafe Platform

Trademay broker briefly reveals its ownership details in legal documents. Yet, Trademay Management Ltd is not found in the list of UK-registered firms. Is that the only sign of a scam, or is there more?

Let’s find out together in this detailed Trademay review. Hopefully, you will learn all the recommended steps in checking any brokerage and stay safe from swindlers.

Regulated By: No Regulations
Is This Company Safe? No
Known Websites: https://trademay.com/
Have Warnings From: N/A
Registered In: UK (allegedly)
Operating Since: 2023
Trading Platforms: Web trader
Maximum Leverage: N/A
Minimum Deposit: $10.000
Deposit Bonus: Available
Trading Assets: Cryptos, forex, indices, commodities, shares
Free Demo Account: Not Available
How To  Withdraw From This Company? Everything looks good at first glance but it’s just a matter of time before the truth sees the light of the day. Primarily due to missing regulations and bogus lies served by this company. Therefore, if you ever get scammed by Trademay, reach out for a refund consultation.

Legal Info: Is Trademay Legit Or A Scam?

When a company presents itself as UK-based, you just have to do one thing. Check for the company’s FCA regulations and find out if you can trust them or not. As expected, Trademay was not found in the list of regulated entities. Not only there but not with any other top-tier regulatory institution. For example, BaFin, ASIC or CFTC.

Therefore, without a license, anything this broker claims should be taken with reserve. After all, it’s your money at stake, not ours. So, you will decide if you can trust them or not. We are just revealing important facts.

Who Are Trademay’s Victims?

The research shows the company is operating all over the world. But primarily, they are running campaigns to attract traders from: 

  • Canada
  • Australia
  • Switzerland
  • Belgium

But to update Trademay reviews, we suggest you leave your opinion about the broker in the comment section below. Also, you can contact us directly and get professional refund advice.

Traders Reviews

Generally speaking, the company’s reviews on Sitejabber look quite decent. At first glance, traders might think the company is fully legitimate. In fact, all 17 comments have positive ratings. Yet, without regulations, it’s hard to believe those are true.

Since the company’s domain was freshly registered in September 2023, we suggest you wait a bit more. Surely, the truth will come up. Meanwhile, we suggest you check other scam brokers like Sparklo, whose review you can find here. If any of these is holding your money, feel free to send us a message and book a chargeback consultation.

Investment Costs With Trademay

Important to realize is that the company is not revealing any relevant trading conditions. Not even their advertised spread from 0 pips can be considered relevant. After all, spreads from 0 pips can mean 0.1 and 10.

With unclear fees and commission structure, it’s hard to believe all traders had positive experiences. But it remains to be seen. In summary, not something legitimate brokers do. 

In addition to that, the company is hiding the offered leverage. But all legitimate UK firms offer 1:30 to retail traders. If you get anything higher than that, you will have another proof of the scam.

Bonuses

Another key thing is the Trademay bonus offer. Even though these are banned in Europe, they are still offering them. Of course, bonuses come with shady clauses where no withdrawals are permitted before traders reach a minimum trading volume of 1 lot of the bonus amount.

Trademay Trading Features

In general, the company doesn’t advertise any advanced features whatsoever. Those that you can get with this company can be found with any mediocre broker. Yet, they present their platform as an award-winning.

Trading Platform Available

An award-winning platform without a desktop and mobile app is not something that adds up. For instance, awarded platforms are Meta Trader and cTrader. Thus, the Trademay web-based platform doesn’t belong in that group. Not to mention that web traders with unregulated brokers are often modified from the back end.

Available Trading Assets

As can be seen from the presentation, the company offers more than 300 tradeable instruments. Indeed, quite a positive thing. Yet, the reliability of the data is questionable.

In any case, some of the options are:

  • Forex – AUD/HKD, EUR/CHF
  • Commodities – gold, natural gas
  • Shares – Google, Twitter
  • Cryptos – BTC, XRM
  • Indices – NASDAQ, DowJones

Account Types

Generally, the company’s account types are quite suspicious. Firstly, the minimum deposit requirements appear to be $10.000. Thus, scam brokers will often accept anything above $250 just to get you on board. 

Anyway, all benefits of higher-scaled accounts are completely fictitious. The options are: 

  • Bronze – $10.000
  • Silver – $25.000
  • Gold – $50.000
  • Premium – $100.000
  • Platinum – $250.000

Mobile Trading App

As mentioned, downloadable iOS and Android apps with this investment company are not an option. Instead, traders have to use their possibly unoptimized platform through a web browser. But if you check our Coinomi review, you will realize why such apps are quite necessary.

Demo Account

Another key disadvantage of this brokerage is the lack of a demo account. Even though they present their platform as award-winning, traders like to test it out. That’s why they mostly stick to Tier-1 licensed firms that offer such features.

Education

The only education traders can get with this scam broker is through one-on-one sessions. Yet, those are guided by unlicensed and fake market analysts. So, be careful with who you are learning from.

Trademay Withdrawal

The first thing that will prevent your Trademay withdrawal is the bonus policy. The second thing is a withdrawal processing time of up to 7 business days. In addition to that, there’s a fee for exceeding the number of monthly withdrawals. Of course, conditions for that are not specified.

Therefore, you can see the downsides of missing Trademay regulations. In fact, who would trust a broker that is limiting the number of withdrawals? After all, it’s your money!

Customer Support

In general, the customer support of Trademay broker looks promising. They provide a phone line, e-mail, and web contact form and allegedly respond within 1 hour. But only five days a week. If you have tested it out, let us know more about it.

Key Information To Consider About Trademay

The first thing traders should keep in mind is missing regulation. Without it, nothing that a broker offers you matters. Neither positive reviews. On top of that, Trademay scam activities can be reflected through shady platforms, fees, and trading conditions. 

In the end, if for some reason you can’t get your money out, let us know. Our team offers a refund consultation, and the first meeting is completely free. Book yours now.

FAQ Section

What is Trademay?

Trademay is a brokerage operated by Trademay Management Ltd, a company allegedly registered in the United Kingdom.

Is Trademay a Regulated Broker?

No. Primarily, the company doesn’t possess a license from FCA. But they don’t have any other licenses either.

How to Recover Money From Online Scammer?

The recovery process mainly depends on the payment method used. For fastest option and to avoid wasting time, feel free to contact our refund team and explore your options.

LTD FX Review – Scammer More Notorious Than Interpol Fugitives

Fancy website, flashing ads and a pretentious attitude didn’t help this fraudster appear any more legitimate than a common, textbook financial swindler. Owned by an offshore conduct already known to authorities for their other scam projects, this online trading brand has met the same fate as the other domains. 

Thanks to the diligence of the financial regulatory bodies, the malicious group had their site wiped out. Let’s revise what the broker had to offer and what the authorities deemed unacceptable in our LTD FX review.

Regulated by: Unregulated Offshore Broker
Is This Company Safe? No, this firm is confirmed to be fraudulent, so no safety is provided.
Known Websites: ltd-fx.com – inactive
Have Warnings from: OSC, FSMA, HCMC, CONSOB, CNMV, FCNB, FI, IOSCO
Registered in: Marshall Islands
Operating since: N/A
Trading Platforms: Web trader
Maximum Leverage: 1:500
Minimum Deposit: 250 USD
Deposit Bonus: Up to 100% bonus
Trading Assets: Forex, Crypto, Stocks, Indices
Free Demo Account: No
How to  Withdraw from This Company? Carefully choose your broker dealer as not all allow payouts! Contact our recovery experts for additional support.

LTD FX Regulatory Warnings

Despite some false addresses and an attempt to come off as legit and regulated, the company was an obvious sham since neither FCA or CIRO had them licensed. Illicit brokerage activities for the purpose of defrauding customers have triggered an avalanche of regulatory warnings. 

Among the first prominent authorities that have marked this trading domain as unsafe were CONSOB and CNMV. That was just the beginning, as other warnings soon followed with some of the regulatory bodies reposting some of the texts published by other entities. 

That’s why we also found OSC warning, in the very jurisdiction where the fraudsters claim to be legally operating. Other diligent regulatory institutions such as HCMC (reposted by FI), FSMA, FCNB, and IOSCO (independent) also labeled the firm as fraud.

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

Instead of dealing with this unauthorized broker, there are many reasons why investing with regulated brokerage firms by FCA, BaFin, and ASIC, among others. First and foremost, your fund’s safety depends on it. 

Trading is a risky endeavor but is more dangerous with untrustworthy companies. Unlike them, credible forex providers minimize trading risks by offering negative balance protection and segregated accounts. Not only that, they keep your money in top-tier banking institutions, and traders are covered by compensation schemes (up to 100K EUR).

In addition, accredited forex brokers must abide by the law, otherwise, they are fined, prosecuted, and banned. Hence, you can’t find them offering manipulated spreads, ambiguous withdrawal policies, too high leverage, and generous bonuses. 

Is LTD FX a Legitimate Broker Or A Fraud?

As a part of BestProducts, LTD FX operates from an anonymous location. Despite reportedly being registered in the UK and Canada, it lacks the necessary permits. As such, it is blacklisted by CONSOB and CNMV and offers unprofessional services – a clear sign to stay away from it.

LTD FX Available Online Trading Platform

About LTD FX trading platforms, this fraudulent broker guarantees trade on the go on its web trader and mobile trading platform. Even if it is true, which we doubt, it still does not change the fact that LTD FX is a pure trading scam. 

Although the web trader has some useful features, it can’t be in the same league as MetaTrader 4, MetaTrader 5, cTrader, and Sirix. These powerful trading programs are widely used due to being reliable, user-friendly, and offering a range of tools (e.g., automated trading, market analysis, stop loss, copy trading).

LTD FX Accounts Overview

When it comes to trading accounts at LTD FX, there are several options available; the overview is as follows.

  • Entry: 250 EUR minimum opening balance, 30% bonus, spreads at 1.5 pips, leverage 1:500
  • Silver: 2,500 EUR minimum opening balance, bonus 50%, spreads at 1.2 pips, leverage 1:500
  • Gold: 10,000 EUR minimum opening balance, 100% bonus, spreads at 0.8 pips, leverage 1:400
  • Platinum: 50,000 EUR minimum opening balance, 100% bonus, zero spreads, leverage 1:200 

According to the minimum required deposit, 250 EUR is considered too high since you can start trading with legitimate companies for as little as 10 USD. Also, about the offered trading conditions, we will discuss them in more detail later in the article.

Deposit and Withdrawal Fee

Speaking of payment methods supported by this bogus broker, you can transfer to and from accounts via credit and debit cards, wire transfers, and electronic wallets. Although these are safe and convenient payment means, we are skeptical of their availability at LTD FX. It is more likely that this fraudster accepts only crypto wallets since they are difficult to chargeback.

Regarding withdrawal fees, this financial swindler charges 50 USD for bank transactions, 25 USD plus a 10 USD processing fee for credit cards, and 25 USD for digital wallets. Concerning other costs, there is a 10% fee for payoffs from unverified accounts and those that haven’t reached a minimum of 200 turnovers. Finally, minimum withdrawals are 250 USD for bank transfers and 100 USD for credit cards.

LTD FX – Countries Of Service

Despite all the baseless statements coming from this broker, it isn’t authorized to provide services in any markets. As per its website and alleged UK and Canada offices, we can assume that this fake broker is focused on European and North American markets. These are very strictly regulated jurisdictions, and not only that all brokers must be regulated but they must offer services fulfilling legislation and standards. 

If you want a UK-based broker, always go with FCA-licensed companies.

Also, remember the names of the RobexcoinCryptos Circus and Bitonext trading scams and avoid them at all costs! Moreover, always check the background of online trading companies before investing!

LTD FX Customer Reviews 

The level of anonymity and customer dissatisfaction is quite apparent with this one. With only two dozen reviews posted on Trustpilot and none on Sitejabber and Reviews.io, you can immediately tell they were no one’s favorite. 

Majority of reviews were negative, with the lowest possible ratings given. Out of the maximum 5 stars, the company only has a pathetic 2.2 score.

That is entirely normal, considering how horribly bad they treated their customers and the deceptive practices they resorted to for the purpose of stealing their victims’ capital.

LTD FX Awards – Company Achievements

Apropos of accolades, LTD FX attempts to instill your trust and draw your attention by lying about being an award-winning brokerage service. As per its web page, LTD FX has the following prizes: the best CFD broker, the best trading experience, and the best execution broker. 

Keep in mind that under no circumstances an exposed broker scam can hold any award. These self-proclaimed appreciations are just part of its dirty tricks used to rope you into trading. 

What Is Known About  LTD FX’s Trading Conditions? 

With respect to terms of exchange, LTD FX offers manipulated conditions to entice you with. First, there are generous bonuses on every deposit, ranging from 30-100%. However, they come with prerequisites and can’t be withdrawn. Hence, they are banned in most jurisdictions because of misuse. 

Then, there is leverage from 1:200 to 1:500. Bear in mind that it is capped at 1:30 in the UK/EU and 1:50 in the USA for retail traders. So, more violations of the rules and grounds for avoiding LTD FX.

Scammed by LTD FX Broker? – Let Us Hear Your Story

But if you are one of the victims of this unscrupulous broker, you should report it to the relevant authorities as soon as possible. Also, don’t forget to share negative LTD FX reviews to help others avoid this cyber fraud. Don’t be ashamed since scams can happen to anyone. Anyway, it is possible to get your money back. Cyber security experts can assist you with a chargeback.

But What Is A Chargeback?

With reference to a chargeback, it is a process of retrieving your defrauded funds. For example, credit cards and bank transactions can be reversed as well as some e-wallets (Paypal, Neteller, and Skrill). Crypto payments are the preferred choice of con artists since they demand professional know-how to be traced and annulled. 

Anyhow, if you need help with any type of cashback, you can contact our company and schedule a free consultation with our chargeback specialists.

What Is LTD FX?

It is an unlicensed forex broker with two warnings and poor services.

Is LTD FX a Scam Broker?

 Yes, it is since it is exposed by two major watchdogs, CONSOB and CNMV.

Is LTD FX Available in the United States or the UK?

 It is not available in the US, but it is in the UK. Anyway, it is not authorized to provide services anywhere.

Does LTD FX Offer a Demo Account?

 No, it doesn’t, which is common for dishonest scam brokers.

FX Trading Detailed Review

As you know yourself, searching “fx trading” on the internet will give many results, but none are related to the broker. Once we saw the brokerage’s name, we were convinced that something was off. Usually, brokers use such generic names when they don’t want to be found or warned by regulators. Therefore, we’ve decided to put an end to their anonymity and expose the scheme in our FX Trading review.

Broker status: Unregulated Broker
Regulated by: Unlicensed brokerage
Scammers Websites: www.fx-trading.co
Blacklisted as a Scam by: No Info
Owned by: N/A
Headquarters Country: Ireland (allegedly)
Foundation year: N/A
Supported Platforms: Web trader
Minimum Deposit: $250
Cryptocurrencies: Available
Types of Assets: FX, commodities, indices, shares, cryptocurrencies
Maximum Leverage: 1:200
Free Demo Account: No
Accepts US clients: No

What About FX Trading Regulation?

All FX Trading unveiled is that they’re based in Ireland. However, there’s no official owner, no governing law, nothing. From all we know, they could easily be founded in an offshore country, defrauding clients from a safe distance. What concerned us the most was that the broker’s website was shut down recently without any explanation or expectations to be back. It means that all the clients who invested funds have no way to access them and no regulator to complain to since FX Trading was never licensed.

Fund Withdrawal Issues

As mentioned, the broker’s website was shut down, possibly as part of the scheme. We’re usually seeing unregulated brokers closing the website once they suspect they might be caught while opening a new one under the new name at the same time. Currently, victims of the FX Trading scam cannot log in to their accounts or make any withdrawals. 

Even prior to this unfortunate event, clients were complaining that getting the money back was impossible since account managers were refusing to process withdrawal requests.

If you’re one of the clients whose money is blocked, let us know so we may be able to assist you.

In addition to the above, we strongly advise you not to invest in Morgan FX Capital, SafeTradez and InvestAgrico fraudulent brokers.

Areas Of FX Trading Scam

According to FX Trading reviews, the broker is mainly present in Canada, Greece, and Sweden. However, complaints are coming from numerous countries, so all we can say is this – don’t accept any offers from this fraudulent scheme. If you have already invested some funds, seek help in the chargeback procedure.

Traders About FX Trading Scam

In FX Trading reviews, clients went into explaining how they had been defrauded. It seems that most of them were guided to download AnyDesk, an app that allows broker remote access to your desktop or mobile device. Through that app, account managers could access online banking and steal the funds.

Whenever you’re prompted to allow someone access to your device, think twice before going for it.

Also remember the names of the UltraBrokerz, ArgusFX and Fundiza trading scams and avoid them at all costs! Moreover, always check the background of online trading companies before investing!

How Does Online Trading Scam Work?

Once you sign up for a trading ad, you’ll be asked to give your personal details. And once you do, you’ll be asked to make an initial deposit. This initial deposit will never be enough, and you will constantly face pressure to invest more money. If you refuse, brokers like FX Trading may ask you to download AnyDesk or use similar techniques to steal your funds and disappear. Usually, you won’t notice that you have been scammed before it’s too late and your money is long gone.

Beware of Extra Fees Before Withdrawing Funds

Sometimes, a broker may ask you to pay extra fees or taxes before approving your withdrawal request. Note that it’s just a part of the scheme because if FX Trading and similar really needed money for fees, they could simply deduct it from your trading account. Making new payments indicates they will steal your funds and disappear.

Scammed by FX Trading? – Tell Us Your Story

If you were scammed by FX Trading or a similar bogus brokerage, let us know. Our specialists may help you file a dispute for a chargeback and get your money back.

But What Is A Chargeback?

This is a way for your bank to reverse the fraudulent transaction and help you get your money. Contact us via online chat to book a free consultation and get more details on the procedure in your particular case. 

Don’t let scammers run with your hard-earned money, let’s get it back!

What Is FX Trading?

FX Trading is a fraudulent online CFD and Forex trading provider without a license.

Is FX Trading Regulated?

No, FX Trading is not regulated and provides financial services illegally.

Is FX Trading A Scam Broker?

Yes, it is a scam broker that stole funds from clients and shut down the website.

Crypto-Global.net Review – Affiliate Programs, Bounties, and More

This investment firm is trying hard to appear legitimate. Firstly, they claim to be registered in the UK as the Crypto Global Management LTD. The registration number of this firm is 11060475.

With the investment activities coming from the UK, you would expect them to be adequately regulated. But that’s just one of the issues traders can get with this firm. Luckily, our detailed Crypto-Global.net review exposes them all.

Regulated By: No Regulations
Is This Company Safe? No
Known Websites: https://crypto-global.net/
Have Warnings From: N/A
Registered In: UK
Operating Since: 2017
Trading Platforms: N/A
Maximum Leverage: N/A
Minimum Deposit: $50
Deposit Bonus: Not available
Trading Assets: Cryptos
Free Demo Account: Not Available
How To  Withdraw From This Company? With promised returns and a lack of regulations, it’s highly possible you won’t be able to get any withdrawals. You can try it. But if the problem occurs, contact our chargeback team for assistance.  

Legal Info: Is Crypto-Global.net Legit Or A Scam?

In the first place, detailed research revealed that Crypto-Global.net company is using someone else’s legal details. You can take a look at insight into the company’s management. That’s the first thing. 

The second thing is that the company with the domain crypto-global.net is not registered with the FCA. Neither are they licensed by any other Tier 1 regulator. For example, CFTC, BaFin, or ASIC. 

Lastly and most importantly, they promise daily returns of up to 30%. And voila, all signs of a scam in one place.

Who Are Crypto-Global.net’s Victims?

Without regulations, the company can target anyone they want. But it’s up to traders to educate themselves and learn whom to trust. Unfortunately, some victims were not patient, and those were mostly from: 

  • United States
  • India
  • United Arab Emirates
  • Sri Lanka

If you have some story about this brokerage, feel free to share it with us. In case there are some issues, our refund team is at your disposal for consultation.

Traders Reviews

One of the biggest scam signs is the Crypto-Global.net reviews on Trustpilot. We can see already 25 comments and 75% negative ones. Many traders reported withdrawal problems in the first place. But also inadequate support options, frozen accounts, and fake signals.

Not to mention that the company pressures traders to bring more clients through various promotions. For this reason, we suggest you read our Astra Horizon review and learn how to avoid such pressure.

Investment Costs With Crypto-Global.net

The only costs traders have are presented in the Crypto-Global.net investment plans. Once you deposit the money, the company is using its unknown technology and conditions to invest money for you. 

There are no fees or commissions included. Simply, you deposit, they make money for you, and you withdraw it. No additional costs. But in reality, the cost matches your deposit.

Bonuses

Regular welcome bonuses are not available with this crypto investment firm. Instead, traders can get a bonus for completing tasks. These tasks mostly require traders to promote the company. So, you can get up to $100 in free funds.

On top of that, there’s a Crypto-Global.net partners program that can bring customers up to 5% per client. Yet, all these funds are completely virtual, while new clients you bring deposit real money. Keep that in mind.

Crypto-Global.net Trading Features

The company claims to offer highly secured investment programs. They also mention insurance of up to $1M in funds. Not even the FCA-regulated brokerages have such insurance. It’s a nonsense. Therefore, be wise and research what you read.

Trading Platform Available

Another key fact is that Crypto Global doesn’t reveal what platform they are using. Neither do they offer insight into it. As for the traders’ portfolio, they will have access to it through the web-based dashboard. Thus, all this could be easily modified to make it look like traders are winning.

Available Trading Assets

According to the company, they are the best Bitcoin investment platform for you. But without dedicated software and transparency, that’s hardly true. Anyway, the company might present you with any cryptos they want. After all, you won’t have insight into their trading, which is also completely fictive like anything else.

Account Types

The Crypto Global LTD investment firm offers its clients four different investment plans. All these include fixed returns and principles. The only difference is the percentage of returns and duration period. Therefore, you can choose: 

  • Starter – $50 – $4.999 / 7% daily for 2 days
  • Diamond – $5.000 – $9.999 / 10% daily for 4 days
  • Silver – $10.000 – $49.999 / 15% daily for 6 days
  • Golden – $50.000 / 30% return after 8 days

Mobile Trading App

Getting access to the account on a mobile is possible. Yet not through reliable and trusted apps. Consequently, for all iOS and Android users, you are warned. Also, we encourage you to check our Roi Republic review and find out why trusted apps are necessary.

Demo Account

Another big issue with this firm is a lack of platform transparency and demo accounts. Traders don’t have an option to test them out. Neither do they have any proof of what the company claims. 

Instead, you can choose a Tier 1 licensed broker and use a wide range of advanced features for free.

Education

Knowing that this company is generating free money for you, there’s no need for education. It’s everything in their expert hands. Luckily, our Crypto-Global.net review helps you recognize their scamming patterns and understand why trading education is important.

Crypto-Global.net Withdrawal

According to numerous negative reviews, we can see that withdrawals are impossible. Regardless of what the company says, without a license, nothing matters. Especially not their fake registration and insurance certificate.

Customer Support

All those scammed victims have another big problem. A lack of reliable and quick-responding customer support. This investment company offers only a web question form and live chat to contact them. Yet, working hours are unknown. In any case, they are hiding behind the keyboard. Which is not a sign of a reliable firm.

Key Information To Consider About Crypto-Global.net

All in all, you have more than enough signs to avoid this company. Firstly, they are misleading traders to believe they are legally registered. Secondly, they are operating without regulations. Lastly and most importantly, there are numerous negative reviews about the company’s fraudulent activities.

Therefore, don’t hesitate to take a chance and recover your money. If you don’t even try it, these guys are still winning. Don’t worry, our first consultation is free of charge. If you don’t like what our experts have to say, no big deal. Ultimately, the choice is yours. Get in touch today!

FAQ Section

What is Crypto-Global.net?

The Crypto-Global.net company is a shameless crypto investment firm that is misleading traders in many different ways.

Is Crypto-Global.net Legit?

Definitely not. They are using the legal details of another firm and operate without regulations.

Can I Recover Lost Crypto and How?

Firstly, you have to track down the transfer. For that, our refund specialists can offer you CipherTrace tool assistance. The following move is filing for a refund. Get started today!