This investment firm is operating without any legal backing for some time now. They never disclose anything about their parent company, corporate address, or other crucial information. Visiting their site, it became clear that its only purpose is to deceive potential clients with murky information.

See the remainder of our Quickmatrixfx review to learn more about online investment fraud.

Completely Illegal Firm

The website we visited, quickmatrixfx.com, is a front for a fraudulent cryptocurrency based investment firm. The company claims to be based in Southampton, NY. While the little town is not a known financial center, it is still in the US. Thus, it falls under the jurisdiction of NFA and CFTC when it comes to financial regulation.

This prompted us to visit the NFA database, which revealed zero results about Quickmatrixfx. Going further down the rabbit hole, we found a mention of another firm, Cryptoplux in the Terms and Conditions. This one is allegedly bound to English legislation, but it’s nowhere to be found in the FCA database.

After checking the databases of other prominent regulatory bodies, including FINMA, FSMA, BaFIN, CySEC, ASIC and New SRO it became clear that Quickmatrixfx is operating without any license. The fraudsters behind this so-called investment firm abuse the opacity of cryptocurrency investment to steal the clients’ money.

Thousands Defrauded

The problematic website was first put online in December 2022, as you can see from our WhoIs search. Many of the victims live in these nations:

• South Africa
• Ecuador
• Nigeria
• Sri Lanka

This scheme uses one of the most widespread methods of attracting victims, one that is also used by MaxProInvest. The company is a so-called boiler room, and it employs boiler room agents to persuade potential investors to deposit money.

The common approach by these agents is that they pretend to be experts in the field of finance, on the verge of a great financial breakthrough. To facilitate this, they need investors, which in return get a lion’s share of profits.

The agents never openly talk about by which means the firm allegedly generates income. In order to rob the clients blind, they use deception, unsolicited phone calls, and even threats and extortion. Funds that reach the company are as good as lost, and your only hope of recovery lies with professional chargeback experts.

Hidden Costs

These sorts of fake companies never talk about trading costs. StockCore is another one of them, and the fraud basically revolves around unknown hidden fees that greatly undermine the clients’ profits.

We can see the same story with the entity we are reviewing now, as they don’t say anything about deposit, withdrawal, transaction or any other fees. We managed to calculate that the deposit fee is 1% for crypto payments.

Remember, regulated investment firms are obligated by law to be transparent when it comes to fees, commission, or any other charges the clients would incur while trading.

Misleading Trading Features

It’s unclear which kind of service this company provides. The information that is given on the website differs greatly from what you will find in the client dashboard.

This is not the only issue we’ve had when it comes to testing the actual investment environment. All along the way we were met with technical hurdles, such as defunct website features, laggy platform, and buggy website design.

Ramshackle Trading Platform

The Quickmatrixfx platform is an insultingly simple web trader that has none of the necessary functions to facilitate effective contract trading.

The clients may use the platform to view any Tradingview chart, and allegedly buy or sell any asset. Any semblance of trading is, of course, completely fictitious.

Purchasing investment plans is done through a single page in the client dashboard. Clients can’t track the progress of their investment with the available tools.

Trading Instruments Overview

The firm allows for some type of contract trading, and allegedly provides any trading instrument currently available on the globe. Of course, they don’t have a necessary license, so it’s all just a sham.

Here’s a few examples:

• Forex (EUR/USd, GPB/CHF, USD/JPY, AUD/NZD)
• Cryptocurrencies (BTC/USDT, ETH/USDT, XRP/USDT, ADA/USDT)
• Stocks (Visa, Boeing, Disney, Pfizer)
• Futures (Commodities Futures, Crypto Futures, Stocks Futures, Indices Futures…)
• CFDs (Forex CFDs, Indices CFDs, Stocks CFDs, Commodities CFDs…)
• Funds (XLP, MSOS, OIH, AGNC)
• Bonds (US10Y, CA10Y, JP02Y, EU30Y)
• Economy (SP500, EFFR, USUR, RUM2)
• Indices (SPX, NAS100, DJI, GER30)

Confusing Investment Plans

The investment plans you’ll see when you create a Quickmatrixfx login are completely different from the ones advertised on the website. It’s not just the names, either, as these investment plans differ in ROI, required deposits and available base currencies.

Advertised plans:

• Gold- BTC 0.014200 for 1% ROI
• Premium- BTC 0.280000 for 1% ROI
• Bronze- BTC 0.830000 for 2% ROI
• Titanium- BTC 1.380000 for 3% ROI
• Diamond- BTC 2.770000 for 4% ROI

Available plans:

• Starter Plan- $300 for 5% ROI daily
• Silver Plan- $2,000 for 5% ROI daily
• Platinum Plan- $5,000 for 5% ROI daily
• Ultimate Plan- $15,000 for 5% ROI daily

The client dashboard contains a “Trading Demo” account, which doesn’t work. The website, however, makes no mention of this.

Payouts Require An Intermediary

Our “Seamless Experience” was greatly sullied by the fact that there are no automated payment processing features. In order to deposit to the platform, you’ll have to jump through several hoops, and deal with the assigned boiler room agent.

The Quickmatrixfx withdrawal is much the same, and from what we’ve seen so far, it’s likely that the swindlers will never allow a payout. If you wish to start legal action, contact our professionals through the live chat.

Unreachable Customer Service

Although a live chat function is implemented on the site, nobody will read or reply to your messages. Your other options are to call a phone line which no one answers, or send an email to an address nobody checks. We weren’t surprised one bit, with the majority of these illicit firms all communication is one-sided.

Pull Your Money Out While You Still Can!

Nothing we found at Quickmatrixfx gives us any confidence. They don’t have a license, and are not supervised by any financial regulators. The website and trading platform are buggy, and lack many necessary features. That said, these miscreants have managed to defraud thousands of investors.

Don’t wait for the fraudsters to run away with your cash! Book a free consultation with our recovery experts today, and start your chargeback process!

FAQ Section

What Is Quickmatrixfx?

Quickmatrixfx is an online fraud operating under the guise of an investment firm.

Is Quickmatrixfx Legit Or Scam?

No, this entity has no license or regulation for their alleged service. If you have invested with Quickmatrixfx, contact our legal experts in order to start a chargeback.

Can I reinvest from my Quickmatrixfx account balance?

The company only offers an illusion of trading and investment. Any profits and re-investments are just a facade.

Thinking to start a binary options account? Thinking that RaceOption is a good option? Think again. Not just that this broker is not regulated, but also has many bad reviews. Let’s dive into our review and see what we found.

Is RaceOption a Legit Broker?

RaceOption is a binary options broker established in 2017 by the company Race Projects Ltd. The company is based in the Marshall Islands, an offshore country. 

What we were able to find is that the parent company and the final owner of RaceOption and Race Projects Ltd is Finance Group Corp. This company is well known for its scams, with New Zealand FMA and the US CFTC warnings against it. Finance Group Corp itself is registered in Vanuatu, another offshore country.

The broker has a suspicious reputation and an even more suspicious website. Like many shady offshore brokers, RaceOption does not give any information about funds’ safety or data safety. So far, all we can tell is that RaceOption broker is not legit to trade with.

Warnings From Financial Regulators

Since RaceOption is related to a scam company, we decided to check if any regulatory body noticed this broker itself. And the answer is yes.

We were able to find warnings from French AMF, Portuguese CNVM, Belgium FMSA, Italian CONSOB, and Spanish CMVM. All the warnings are saying the same thing – this broker is a scam, do not fall for it. Or if you do, report it immediately!

A long list of regulatory bodies against one brokerage. Now we can say with absolute certainty and with no questions that RaceOption is not a broker, it is a binary options scam.

How Scam Trading Robots Work?

The newest weapon of scam brokers is so-called robot trading. The broker or the ad of a broker are selling you a story of 99.9% success if only you deposit as little as 250$. What actually happens after you deposit this money is that you are 250$ in minus, and you will never see them again. The broker will tell you a lovely story about a system where you click one button and after that, the artificial intelligence works for you.

The robot is predicting the market, placing trades, opening, closing. Almost kissing you good night. All you need to do is log in from time to time and see insane amounts of money. And yes, it sounds perfect. You are busy, have no time to trade yourself, and the technology is advanced.

If we can have a car driving by itself, why can we not have a robot trading by itself. The truth is that these robots exist, but they cost a lot of money for a license. And scam brokers are looking for fast and easy profit. They just convince the client that they have the license for such software when in reality, they most likely never even saw it. They heard how it works, and decided to sell it. And after you buy that story, you might even see some big numbers. How?

The broker is manipulating the market. Like in the case of RaceOption, scam brokers are offering only web trader. And everyone knows that web traders are not as safe as MT4 or MT5 for example. The web trader is designed by the broker and fully in his control. He can change the prices and make it look like you’ve made a lot. But when you want that profit out, he can change it to the opposite. It looks like you lost a lot. And it’s never the broker’s fault, always yours. After you see your thousands of dollars becoming zero, you understand that you’ve been scammed. What is the next step?

Scammed by RaceOption? Chargeback Is Your Solution!

If you made a deposit with this binary options broker and got scammed by RaceOption, the first thing to understand is that you are not the only one. If you check the reviews of the clients, you will understand you are one of the many. Then, you need to look for the solution. And the solution is filing a dispute and requesting a chargeback.

But what is a chargeback? It’s the way to get a refund to your card in case you were a victim of a scam. Contact us for help immediately!

Is RaceOption a Scam?

RaceOption is an unregulated binary options broker. We can surely say that it is a scam broker.

What Is The Withdrawal Time?

According to the website, RaceOption claims that the withdrawal time is 1h after the confirmation of your withdrawal request. We find it hard to believe since the bank takes longer just to process the international transaction.

Where is RaceOption broker based?

RaceOption is an offshore broker based in the Marshall Islands.

CMCbits is an online Forex and CFD trading provider that tried hard to stay anonymous. The brand has never listed an owner, headquarters, or other relevant information. Yet, the Terms and Conditions suggest that the governing law is the law of Saint Vincent and the Grenadines, indicating the scheme might be based on this offshore island.

What About CMCbits Regulation?

Since CMCbits never provided any details about the firm behind the scenes, we cannot discuss regulations. Usually, scam firms will do their best to hide and vanish once they have stolen enough funds. Even if the company is really in SVG, this Caribbean island has no financial regulator, so the firm would still be unlicensed.

Why Must a Broker Have a License?

A broker has to have a license and follow some basic rules related to financial institutions. Only then can you be sure that your funds are appropriately handled and kept in segregated accounts in reputable banks. Upon checking, we have determined that CMCbits is not regulated by the FCA, ASIC, BaFin, or any other Tier1 regulatory body. Be quite careful and don’t fall for their scam.

To add to the foregoing, we strongly advise you to ignore brokers such as ConcordInvest, BigBitMarket, and BSTrade.

Traders Reviews About CMCbits Scam

Well, this firm certainly tried to fake the reviews and show itself as a reputable investment opportunity. Some brokers do that to attract more clients and steal more funds. Yet, having a better Trustpilot score than regulated firms indicates that something is suspicious regarding the CMCbits rating.

Here’s one genuine review.

“Do not invest with them there is no robot that trades for you and your invest money is gone when you trade with them.”

– Trustpilot Customer

Supported Trading Platforms – Available Trading Software

CMCbits provides only basic WebTrader, the same as many other scam firms, including BigBitMarket and BSTrade.

This platform is nothing but a basic TradingView chart without EAs, social trading, or even copy trading. While the company advertises automated trading, you should know it’s not enabled.

Which Platform Is Safer For Trading?

MetaTrader has many more trading tools and is much more advanced and secure than any WebTrader. If you want to start investing, look for brokers providing this software.

Everything About CMCbits Accounts

CMCbits offers 6 account types.

1. Self Managed – $250
2. Basic – $5,000
3. Gold – $10,000
4. Platinum – $25,000
5. Diamond – $50,000
6. Libra – invitation only

Accounts differ in leverage, spread, bonuses, and support from the company.

Countries Where CMCbits Scam Is Active

Most CMCbits complaints come from Australia and the Netherlands. However, this broker has very few restricted areas, including the US, Cuba, North Korea, Iran, and Syria. Every other country can be a target, so be careful when applying for online trading, especially through fraudulent crypto ads like Bitcoin Revolution and Bitcoin Profit.

CMCbits Range of Trading Instruments & Markets

CMCbits allows investors to trade on:

• Currency pairs
• Commodities
• Indices
• Shares
• Cryptocurrencies

Please remember the names of the Thunder Forex, Tradiso, and FX Capital Group and stay away from them! Before investing, always check the history of online trading organizations!

CMCbits Leverage

Like many offshore firms, CMCbits provides unregulated leverage as well. Offshore authorities are not as firm in regulation and don’t have a strict limit of 1:30 or 1:50 as it’s mandatory in the EU or the UK. For example, this firm offers up to 1:500, exposing your funds to tremendous risks.

Scam Bonus Policy

CMCbits has one of the worst bonus policies from all we’ve seen. The company requires you to repay the bonus plus the initial deposit 50,000 times before being able to make a withdrawal. For a $100 bonus on the minimum deposit, you will have to have a turnover of $17.5 million. 

CMCbits Deposit and Withdrawal Methods

The company accepts the following payment methods:

• Credit card
• Bank wire
• Bitcoin transfer

All methods are available for both deposits and withdrawals, but you have to request funds back the same way you deposited them. The minimum deposit is $250, while the minimum withdrawal amount is $100, with a minimum withdrawal fee of $30 and a maximum of $300.

Depositing with your credit card is usually the safest, as you have up to 540 days to request a chargeback.

Scammed by CMCbits Broker? – Let Us Hear Your Story

If you were scammed by the CMCbits broker, let us know. Our chargeback specialists may be able to help you recover your funds.

But What Is A Chargeback?

Within up to 540 days, you can request your funds back if you can submit evidence that you have been scammed. Contact us via online chat to book a free consultation, and let’s get your money back before this scammer vanishes like many others.

What Is CMCbits?

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

Is CMCbits a Scam Broker?

CMCbits is a scheme firm without a listed owner or headquarters under the governing law of Saint Vincent and the Grenadines.

Is CMCbits Available in the United States or the UK?

The broker operates in the UK but doesn’t provide its services in the US.

Does CMCbits Offer a Demo Account?

CMCbits doesn’t offer a Demo account, only Live types.

Dynasty of Cryptos owns a black and lime green website that looks like it came from the 90s. The entire dynastyofcryptos.com domain seems like a big joke at first glance.

The company claims to provide bonuses ranging from a free Mercedes to a paid visit to the Musk residence! There’s nothing funny about their fraudulent behavior, though.

Read all about online financial frauds in our Dynasty of Cryptos review.

Unequivocally a Scam

While Dynasty of Cryptos makes claims about being a properly regulated and legally incorporated UK firm, there’s no valid proof for any of it.

In the UK Companies House, another completely unrelated firm, Henderson Investments Fund Limited, is registered under the address that Dynasty of Cryptos provides. Moreover, the UK’s main financial watchdog – FCA, doesn’t have this broker in their register of overseen entities.

Not only is this completely anonymous and faux website not owned by a legal entity, but they own no legitimate Forex license. We made sure of it after checking with BaFin, CONSOB, AMF and NFA. 

What that leads us to suspect is that no funds are safe and security measures like segregation of capital, negative balance protection and compensation plans are unavailable. 

Data Theft Through Remote Access

The scheme was implemented in mid-2023. Dynasty of Cryptos immediately set their eyes on these nations:

• Canada
• France
• Spain
• Austria

Swindlers use different online chat software like Whatsapp and Telegram to reach out to their consumers. Their boiler room agents are persuasion experts, and won’t stop calling until they squeeze the money out of their victims.

The company won’t allow a withdrawal however. Thanks to programs like AnyDesk or TeamViewer, they can take control over the data from the victims’ computers, and extort them for additional funds.

If you’ve deposited funds with these dangerous people, consider booking a free consultation with our chargeback experts.

Opposing Claims About Trading Values and Costs

The Dynasty of Cryptos website motivates you to invest by promising huge leverage of 1:200 and fixed spreads of 0.2 pips. 

This is complete rubbish, which you immediately can make sure of by taking a look at the values given in the terminal. There, the starting spreads on EUR/USD start at 3 pips, which is several times more expensive than what regulated and prominent brokers charge. 

Ridiculous Bonus Offers

The company claims to grant employment with some of the most prominent companies like SpaceX, Tesla, Amazon – whatever suits your tastes.

Some deals are ridiculous, like a one-month trip to the Moon or a free brand new Mercedes-Benz GLS. Besides that, every investor will be granted bonuses upwards of 350% of initial deposit.

Trading Features Confirm Broker’s Incompetence

It isn’t certain what is the worst part of the entire Dynasty of Cryptos offer. Whatever you look at will disappoint you or simply make you laugh. 

The borderline useless software cannot even remotely compare to the world leading platforms like MT4 and MT5. 

To make the whole matter all the more comical and pathetic, the account types carry the names of successful business people and offer nothing but jokingly unrealistic features and bonuses.

Platinum Hightech Webtrader

The fancy name that this broker has given to its altogether purposeless terminal doesn’t help with the fact that you can’t do anything on it.

The Dynasty of Cryptos platform is similar to the one found with UltraBrokerz. It’s an unresponsive and poorly designed bogus software that only allows you to click two single functions – buy and sell. Not even that is available until you deposit real money. 

In that sense, the broker doesn’t even let you examine the trading environment and test the trader on a Demo version. 

Fewer Available Assets Than Promised

Although you’ll see Dynasty of Cryptos promising products similar to the LQDFX scheme. The most exotic financial products should be available for trading, however that is not the case in practice:

• Forex (EUR/USD, USD/GBP, EUR/CHF)
• Commodities (Coffee, Cotton, Sugar)
• Indices (Dax, Dow Jones, Nikkei)
• Metals (Silver, Gold, Platinum)
• Crypto (BTC, ETH, DOGE)
• Stocks (Aviva, Barclays, HSBC, Tesco)

Funky Account Names

Dynasty of Cryptos accounts are tiered, and continue the ridiculous offers seen on other parts of the website. None of them are cheap to fund.

Wait ‘till you see the account names Dynasty of Cryptos came up with:

• Warren Buffet – $1 000
• Larry Ellison – $10 000
• Jeff Bezos – $25 000
• Elon Musk – $100 000
• Bernard Arnault LVMH – $250 000

These accounts are paired with the mentioned trading bonuses. It all feels like an old time infomercial, but wait there’s more – you get an incredible 45% of daily return on investment!

Withdrawals Undefined

Needless to say that Dynasty of Cryptos withdrawals are completely unclear and confusing. The only thing that the broker has published is the withdrawal processing time being between 5 and 10 days. 

Funding methods, as well as potential fees are kept secret. That right there is another proof of the broker being untransparent and dishonest about their services and money flow.

Nobody Cares In Customer Support

The customer service at dynastyofcryptos.com is only available for registered users, through the client dashboard. 

While there is a dedicated link to the online chat, you may only leave a message to the support agent. No messages we left were ever responded to, however.

Don’t Wait – Get Legal Help!

Dynasty of Cryptos may be a dangerous offshore entity or just a small-time scammer, matters not. What is of crucial importance is realizing that you should not keep quiet in case of a scam. Please immediately consider getting the support you need to ensure your funds are back on your account. 

By contacting our live chat operators, you can quickly book a free consultation and get properly informed on your possibilities of a chargeback and other legal actions.

FAQ Section

Who Is Dynasty of Cryptos?

Dynasty of Cryptos is an anonymous brokerage with false corporate information and no license.

Is Dynasty of Cryptos Regulated?

No, this broker is fully unregulated. If they’ve defrauded you, please consider contacting our legal support team.

What Are The Account Types In Dynasty of Cryptos?

Accounts are overly pricey and named after rich celebrities: Warren Buffet – $1 000, Larry Ellison – $10 000, Jeff Bezos – $25 000, Elon Musk – $100 000 and Bernard Arnault LVMH – $250 000.

Smart Trade CFD is one of those brokers who pretend to be legitimate but, in reality, are not. If you want to start trading, finding a regulated brand is of utmost importance. Sometimes, illegal firms can post legal owners and pretend to be a part of a regulated business. That’s why it’s essential to know better than to trust what’s written on the website. This Smart Trade CFD review will expose the scheme.

Is Smart Trade CFD a Broker With a Good Reputation?

Smart Trade CFD is allegedly a Vie Finance brand registered in Estonia and fully regulated. Let’s first break this information. Vie Finance is not an Estonian company. It’s a Greek-based investment firm operating as Fortissio (fortissio.com) and TaoTrade (taotrade.com). The brokerage has HCMC regulation and operates in Estonia and other countries under an EU passport. Thus, Smart Trade CFD is not related to this firm and, most likely, not even based in Estonia.

How Unsafe Is An Unlicensed Broker?

Unlicensed brokers have no money-back guarantee. Imagine investing your funds with a bank that has no supervision from the Central Bank and determines its own interest rates. You would not do it, right? That’s exactly why you shouldn’t invest your funds in Smart Trade CFD or similar bogus brokers.

In addition, we strongly advise you not to invest in ZeraTrade,CXChainxbt and Brokeragea fraudulent brokers. So don’t fall for these dishonest scam brokers!

Smart Trade CFD Warnings From Financial Regulators

Upon receiving numerous complaints, the Italian regulator issued an official warning against the Smart Trade CFD trading scam. According to the report, the broker operates illegally and targets Italian citizens. This warning was published on the 18th of July, so the fraud is still hot. Stay away, and don’t risk being defrauded.

Traders’ Experience With Smart Trade CFD

The firm doesn’t give quite a good experience. Investors pay their money expecting to profit from the financial market. In reality, this broker ensures to take as much as possible and block trading accounts. According to reviews, customers who submit withdrawal requests can no longer access their account with the broker.

What Platforms Does Smart Trade CFD Offer? – Available Trade Software

The broker offers a basic WebTrader. While the firm announces “one of the premier trading platforms,” all you get is web-based software without advanced functionalities. You can see the complete list of trading assets, margin level, open or close a trade, and that’s about it. If you want to trade and earn anything, better find a legitimate investment firm offering reputable software such as MT4 or MT5.

All About Smart Trade CFD Accounts

You can choose one of the 3 trading company accounts:

1. Micro – $100
2. Standard – $250
3. Premium – $5,000

While the amounts are advertised as we wrote, if you read the description of each account, you’ll find initial sums of $200, $1,000, and $25,000. Additionally, accounts differ in leverage, different trading instruments, and margin levels.

Countries Of Service

According to our research, the firm mainly operates in:

• Italy
• UK
• Albania
• France

Smart Trade CFD Range of Trading Instruments & Markets

Depending on the account type, clients can trade in:

• Forex – EUR/USD, GBP/USD, GBP/EUR
• Commodities – gold, oil, gas
• Indices – NASDAQ, FTSE100, DAX30
• Shares – Amazon, Apple, Tesla
• Cryptocurrencies – BTC, LTC, XRP

So, you should avoid Invest Flow forex broker and similar brokers such as Clearpoint Capital, Tower Bridge and CryptoSpotFX.

Lack of Trading Conditions

The firm has no Terms and Conditions, Privacy Policy, or any other relevant document. Thus, trading conditions are unknown. Investing your funds with unregulated firms is bad, but investing blindly without knowing about costs and conditions is even worse. Don’t waste your time with Smart Trade CFD. Find a legitimate broker and invest safely.

About Leverage And Spreads

The company advertises leverage of up to 1:1000. While the EU and UK regulators have a limit of 1:30, in the US and Australia, this limit is 1:50. It’s not even close to what the firm offers. The spread allegedly varies between 0.0 pips and 1 pip, which is not bad, but we could not confirm it.

Smart Trade CFD Deposit, Withdrawal Methods, And Fees

The company has no T&C, meaning we know nothing about deposit, withdrawal fees, and trading costs.

What Payment Methods Does The Broker Accept?

According to the website, you can invest using:

• Debit/credit card
• AstroPay
• Cryptocurrencies purchased through EasyCrypto4U.

The only withdrawal method is wire transfer, which is quite odd since it’s not available for deposits. 

Minimum Investment Amount

According to account types, the Micro account starts from $100. Yet, in the account description, it’s stated that the minimum deposit is $200. Whatever the amount is, it’s just not worth it. Avoid scam brokers and don’t accept any offers. You will be sorry later.

Customer Support – Communication Channels

This trading firm contacts customers through several methods, including:

• Phone calls
• Emails
• WhatsApp and Telegram messages

In addition, the broker advertises on social media and dating apps. Do not accept any offers from the broker for your own safety.

Scammed by Smart Trade CFD Broker? – Let Us Hear Your Story

If you or someone close to you has been scammed by Smart Trade CFD, let us know. We understand that losing your funds can be devastating, but seeking help is crucial. Contact our chargeback specialists and start the process before it’s too late.

But What Is A Chargeback?

A chargeback is a way for your bank to reverse the fraudulent transaction and recover stolen funds. Contact us via online chat to book a free consultation and let’s get your money back before the broker runs away.

What Is Smart Trade CFD?

Smart Trade CFD is an online Forex and CFD provider without a license.

Is Smart Trade CFD a Scam Broker?

The firm is a scam broker banned in Italy.

Is Smart Trade CFD Available in the United States or the UK?

The firm provides its services in both the US and the UK.

Does Smart Trade CFD Offer a Demo Account?

No, Smart Trade CFD doesn’t offer a Demo account.

AltimaTrade is an unregulated broker banned in several EU countries. As such, it’s not worth a comment. However, here’s a detailed review describing how customers are defrauded. Better yet, we found all the relevant details you can use against the firm and request your money back.

Is AltimaTrade a Broker With a Good Reputation?

AltimaTrade is a brand of Shenanigans Consulting LTD, registered in 2021 in Saint Vincent and the Grenadines. Since this offshore island has no financial regulator, it has become a famous hub where fraudulent brokers register their shell firms and operate without supervision. According to the FSA directive, they should opt for a license in the country of service. However, we found warnings, not regulations, once we checked the FCA, ASIC, BaFin, CONSOB, and other Tier1 registers.

How Unsafe Is An Unlicensed Broker?

Unlicensed brokers are usually fraudulent. Without any generalization, our reviews have shown that firms that don’t want to belong under regulatory supervision have a good reason for doing so. However, the plan is not to run a legitimate business. Instead, these brokers are defrauding customers and vanishing once they steal enough or once there are too many negative reviews, and they cannot get more customers.

What is more, we strongly advise you not to invest in Absolute Markets, NovaTechFx, and Capital Forex Live fraudulent brokers.

So Is AltimaTrade a Decent Broker or a Scam?

AltimaTrade is not a legitimate broker. The firm is registered in Saint Vincent and the Grenadines and has no license. The company has been blacklisted in Spain, Italy, and Belgium.

Warning from Spanish Financial Authority CNMV for AltimaTrade

The Spanish regulator is the one that issued an official AltimaTrade warning. According to CNMV, AltimaTrade broker runs an unauthorized scam, providing Forex services and financial advising without supervision.

This warning was later republished in Italy and Belgium. Both CONSOB and FSMA state the same.

Traders’ Experience With AltimaTrade

Instead of us talking for investors, we will show you one of the AltimaTrade reviews.

“Everything was fine until then as I wanted to withdraw money then my consultant disappeared no one contacted me there is no altimatrade.pro contact where I can go for withdrawal ….. I was tricked”

– Trustpilot Customer

AltimaTrade Platform – Trading Software

AltimaTrade advertises its WebTrader as “a high-quality, advanced, and reliable solution for trading on global financial markets.” However, we never saw a web-based software that was reliable. Due to its presence on the cloud, this platform is way less secure than MetaTrader, for example. Also, it has fewer features, such as fewer charts and indicators and no social trading. So, If you want to start investing, find a legitimate broker offering MT4 or MT5.

All About AltimaTrade Accounts

The company offers 4 account types, including:

• Mini – $250
• Standart – $1,000
• Classic – $5,000
• Pro – $10,000

The main difference is in the size of orders, the number of trading instruments, and trading tools.

Minimum Investment Amount

As you can tell from the Account Types section, the minimum deposit with AltimaTrade broker is $250. Although they call it a Mini account, most regulated firms allow you to start with as low as $10 on Micro and Mini accounts. Thus, there’s no reason to risk so much with an unregulated scheme firm. However, find a legit broker and save yourself the money and time you’d spend chasing a fraudster.

AltimaTrade Broker – Countries Of Service

As per our research, the AltimaTrade trading scam mainly functions in:

• Germany
• UK
• Canada
• Spain
• South Africa

The broker has been active since October 2021 and already has numerous victims. Don’t become one.

Also remember the names of the HotTrades, Intel Trading and Margex trading scams and avoid them at all costs! Moreover, always check the background of online trading companies before investing!

Customer Support – Communication Channels

AltimaTrade and similar bogus firms rely on their customer support to bring in clients. In fact, these people contact existing and potential customers, persuading them to invest or upgrade their accounts. Also, according to reviews, support uses phones and emails as the main communication channels. Additionally, Those who have never registered can be approached using fake social media accounts on Instagram and Facebook. Thus, if you see comments or messages from someone allegedly making thousands of dollars with AltimaTrade, know that you’re being lured into fraud.

AnyDesk and TeamViewer – Access To Your Bank Account

You will find links to download AnyDesk and TeamViewer on the broker’s main page. Both of these are remote desktop access apps. Basically, customer support can use them to access and control your desktop or a mobile device and, through it, your online banking or a crypto wallet. And you can already imagine what will happen when a fraudulent team has access to all your money.

AltimaTrade Range of Trading Instruments & Markets

Clients can trade in four markets, including:

• Forex – EUR/USD, CAD/JPY, USD/CAD
• Commodities – gold, silver, corn
• Indices – Dow Jones, S&P500, DAX30
• Shares – Amazon, Apple, Tesla

The firm doesn’t offer crypto trading.

AltimaTrade Trading Conditions

Unregulated brokers like AltimaTrade determine their own trading conditions.

About Leverage And Spreads

Against all regulatory standards, the leverage goes up to 1:100. In the EU and UK, the limit is 1:30 for the Forex market. At the same time, US and Australian license providers allow up to 1:50. Also, AltimaTrade goes double that, putting your funds at risk. Besides, spread is not disclosed, leaving you to guess the costs of trading.

AltimaTrade Deposit, Withdrawal Methods, And Fees

There are many issues with AltimaTrade withdrawals and fees.

What Payment Methods Does The Broker Accept?

The company accepts:

• Debit/credit cards
• Wire transfers

However, there are some hefty fees. You’ll have to pay 50 units for bank withdrawals and 25 units for cards. In addition, there is an AltimaTrade bonus made to prevent customers from getting their money back.

AltimaTrade Bonuses – Withdrawal Requirements

The company has a clause stating, “In order to withdraw funds from an account that has been credited with a trading bonus, the trader will be required to execute a minimum trading volume of (bonus amount + Deposit) x 25.” Furthermore, the company can change these terms without prior notice at any time. It means that for a bonus of $100, you will have to repay $8,750, counting that you deposited only a minimum amount.

Scammed by AltimaTrade Broker? – Let Us Hear Your Story

If you or someone close to you falls victim to the AltimaTrade scam, let us know. Our chargeback specialists will be happy to assist and help you get a refund.

But What Is A Chargeback?

This is a way for your bank to reverse the fraudulent credit card transaction. Contact us via online chat to book a free consultation, and let’s find the best solution for recovery before AltimaTrade vanishes. Act now. It’s urgent.

What Is AltimaTrade?

AltimaTrade is a fraudulent online Forex and CFD trading provider.

Is AltimaTrade a Scam Broker?

Yes, the company is a scam banned in Spain, Italy, and Belgium.

Is AltimaTrade Available in the United States or the UK?

The firm provides its services in the UK but not in the US.

Does AltimaTrade Offer a Demo Account?

AltimaTrade doesn’t offer a Demo account, only Live types.

Welcome to the Sato4x Review. We know how enticing this broker seems and that’s why it’s imperative that you read this analysis. We shall discuss the key aspects of trading as well as the legal background of this dishonest provider. Without further ado, let’s get into it.

On top of that, we seriously recommend you not to invest in the fake brokers Finero, Red Finance Capital, and MarketsBank. Do not trade with these unlicensed brokers if you want to save your money!

Sato4x Regulated Forex Broker?

Sato4x had the audacity to say it has offices in as many as five different countries. Five countries, people! That would imply that it operates in five jurisdictions. However, that’s the first thing that poked our eyes so we decided to investigate.

Our fears were true – Sato4x simply posted five fake addresses. Add to that the virtually anonymous website, and you’ve got yourself a scam. This fraudster was cunning when devising its awful scheme but we saw through the lies straight away.

Why Is Trading With a Licensed Broker Preferable?

All you need to do to check Sato4x’s regulatory status is search the regulators’ websites for the broker. We’ve done that for you. Guess what, the fraudster is not registered with any of these five authorities.

The UK’s FCA, Swiss FINMA, Spanish CNMV, Polish KNF and French AMF have no files on Sato4x. Neither does the Canadian Investment Industry Regulatory Organization (IIROC). Yeah, we checked that one as well since the financial swindler used the Canadian currency.

Therefore, this little scammer is unregulated and extremely dangerous. Your funds are not secure and there are no protection measures in place.

Is Sato4x a Legit Broker or a Scam?

Sato4x is an unlicensed and dangerous scam broker that lies about offering cutting-edge technology and a fantastic trading experience. It claims to have offices in the UK, Switzerland, France, Spain and Poland.

Sato4x Offers MetaTrader 5 Platform?

Of course not. At least not the real MT5 platform with all the features and options like automated trading and live-market reports. The version that Sato4x provides is an unpolished and rudimental trial version of the legendary MT5 that was taken directly from MetaQuptes Software, a leading provider of industrial software products for financial markets.

In addition, without a license to keep things “clean,” nobody knows what this software brings to the table. It could be rigged like most platforms offered by scammers. Yup, they manipulate it to create the illusion of trading while only enabling depositing.

Can I Trade From Any Device?

Sato4x was clever to enable unsuspecting victims to trade on multiple devices. That way, it increased the chances of succeeding in its scheme. However, you should know that the mobile version of the platform is inferior to the PC one. Don’t take our word for it, read the reviews posted by seasoned traders.

AnyDesk, TeamViewer

AnyDesk and TeamViewer. These two apps are great if they are used for genuine purposes. Otherwise, they could be unscrupulous tools for causing disasters. They allow one user to access the desktop of another.

Scammers mask these apps as customer support. Imagine the damage if Sato4x had access to your desktop files. Therefore, deny the fraudulent broker access at all costs.

What is more, we strongly advise you not to invest in Solar Markets, ImportCapital and PilotGain fraudulent brokers.

Which Assets Can The Investor Trade?

Here’s what we know about the trading assets Sato4x offers:

• Forex pairs – EUR/USD, USD/GBP, EUR/CAD…
• Commodities – gold, silver, brent oil, natural gas…
• Stocks – Visa, Microsoft, Google…
• Crypto – Bitcoin, Ethereum, Litecoin, Ripple…

No indices? Shame. We aren’t sure about the rest, however. Scammers typically list as many instruments as they can to attract clients. They simply serve as bait in the grand scheme of things.

What Do We Know About Sato4x Account Types?

The phony broker claims to offer five different account types:

• Starter – CAD 250, leverage of 1:10, no fees, 5 financial markets;
• Bronze – CAD 10,000, 1:10, 3 financial markets;
• Silver – CAD 25,000, 1:20-1:50, 5 financial markets;
• Gold – CAD 50,000, 1:50, 5 financial markets;
• Platinum – CAD 100,000, 1:25, expertly managed account.

This whole section is rather misleading and ambiguous. Needless to say, the logic behind these account types is questionable. Nevertheless, all that interests the scammer is the minimum deposit amounts, which are hellishly large.

Free 7- Day Trial

Sato4x offers a 7-day trial. Supposedly, this should replace the demo account. Sorry, Sato4x, but we’re simply not convinced. However, we see why the cyber fraudster included this. Objectively speaking, it is a suitable tool for luring potential clients. Thus, do not fall for it.

Details About Leverage, Spreads, and Fees

As mentioned, the account type section states that the leverage caps at 1:50. That level is perfectly in line with what the Canadian regulator has prescribed. But, it’s above the UK and European limit (1:30). Yet, the financial swindler advertises leverage of up to 1:500 on its home page. Now that’s what we call overwhelming. Illegal as well.

As for commissions, some account types allegedly don’t charge them. We wouldn’t trust the scammer there either. Spreads? A complete mystery.

High Minimum Deposit and Withdrawal Terms

The minimum deposit is CAD 250, which is about $184. Given that we’re dealing with an unlicensed and suspicious broker, this amount is immoderate. Also, we highly doubt that Sat4x will allow you to withdraw any money whatsoever. After all, that’s the main principle of how these scammers operate.

Payment methods include credit/debit cards and the Chinese UnionPay. Pretty poor offer if you ask us. Legitimate brokers would surely provide more options such as Skrill, Neteller and wire transfers.

Trading Bonuses and The Terms of Their Receipt

Unsurprisingly, Sato4x offers hefty bonuses. Bear in mind that these little instruments of misconduct always come with strings attached. They are tempting, we know, but once you get a taste, you’ll pay the price. Scammers always have a clause in place that prevents you from withdrawing until you trade up to an unrealistically large amount. Sato4x is no different.

Scammed by Sato4x Broker? – Let Us Hear Your Story

The bad thing is that you’ve been scammed. It sucks. The good thing, however, is that there is a way to get your money back. However, it’s important to act with haste. Provided that you haven’t given Sato4x copies of your personal documents, you should be able to request a chargeback. 

But What Is A Chargeback?

• A chargeback is a process of reversing a credit/debit card transaction.
• It can be requested at the issuing bank within 540 days.
• If you’ve provided the scammer with your personal documents, the chargeback will fail.
• In that case, inform your local authorities and let them take further action if possible.

What Is Sato4x?

This Broker Sato4x is an anonymous provider that falsely claims to operate in the UK, Poland, Spain, France, and Switzerland.

Is Sato4x a Scam Broker?

Sato4x is an outrageous scam broker because it is anonymous and unregulated.

Is Sato4x Available in the United States or the UK?

Sato4x is available in the United Kingdom but not in the United States.

Does Sato4x Offer a Demo Account?

The Broker Sato4x does not offer a demo account but it does offer a shady 7-day trial.

Please read our FirstCapital1 Review to learn the truth about this anonymous trading scam. The FirstCapital1 broker is definitely not as legit as presented on the website.

Far from it, there is evidence of fraud online about this financial swindler and we plan to use it in our review. If you want to trade safe, then FirstCapital1 is definitely not the right choice for you so let us explain why.

Is FirstCapital1 Legit?

The FirstCapital1 website was created on November 7, 2022, which means it has been active for about half a year. The text on the website alleges that FirstCapital1, an online brokerage, is based in Switzerland.

However, upon checking the register of the Swiss regulator FINMA, all we found was a warning issued against the broker. Therefore, FirstCapital1 cannot possibly be regulated.

If you trade with unregulated brokers, there’s a great chance you will get scammed. Thus, avoid anonymous financial swindlers such as FirstCapital1 and Finorax.

Instead, find a reliable provider with a trading license, preferably issued by top-tier regulatory authorities such as the aforementioned FINMA, or the FCA (UK), CFTC (US), ASIC (Australia), CySEC (Cyprus), etc.

Warning Against the FirstCapital1 Scam

Speaking of FINMA, the Swiss regulator issued an official warning against FirstCapital1. The warning states that this entity is not “entered in commercial register”.

So FirstCapital1 is not a legit Swiss brokerage. Rather, it is an anonymous trading scam with no license just like we said in the previous section. Please heed this regulatory warning and forget about trading with FirstCapital1!

FirstCapital1 Reviews and Comments

What do traders think about FirstCapital1? Although there are multiple positive reviews, we lean toward the negative ones as we believe that the former is fake.

The positive reviews are suspicious. For instance, on Sitejabber, all the positive reviews were written on the same day – March 23. On Reviews.io, the positive reviews started appearing in December/January, just a month since FirstCapital1 started operating.

How is it possible that traders achieved satisfactory results and profits in just one month?! That’s why we trust the complaints, which are there to expose the FirstCapital1 trading scam.

They are scams! I lost close to 40,000CAD in the window of about 2 months using the Firstcapital1 platform. They make it look like you’re making money and ask for more investments. They will unplug your account from whatever trading engine as soon as you request to cash out some money. You will lose all you capital and the profit all together…

– Sitejabber user, March 31, 2023.

Where Does the Broker Operate? – Countries of Service

After doing some research, we managed to learn where FirstCapita1 tried to find clients, i.e. in which domains was this broker active. Here is the list of countries:

• Canada;
• United States;
• Netherlands.

Several Canadian traders have fallen victim to this scam. The Netherlands is similar to Switzerland in terms of regulations, meaning FirstCapital1 is not authorized to operate in that country. 

As for the US, it’s the most heavily regulated domain in the world and certainly not a place for anonymous scam brokers like FirstCapital1 and Simplii Cryptos.

FirstCapital1’s Range of Products

According to the FirstCapital1 trading platform, the following trading instruments are available:

• Forex currency pairs – EUR/USD, GBP/CHF…
• Indices – S&P500, NASDAQ100, FTSE100…
• Commodities – gold, coffee, crude oil…
• Stocks – Apple, Eni, Coca-Cola…
• Crypto – BTC, ETH, XPR…
• ETFs – QQQ, IBB…
• Cannabis – ARNA, ABBV…

FirstCapital1’s Trading Platform

FirstCapital1’s trading platform is a browser-based terminal. We got to see it but we could not actually trade on it since FirstCapital1 does not support a demo account.

Nevertheless, the platform is pretty basic, i.e. features some elementary charts and graphs but that’s about it. There are no advanced trading tools and options such as automated trading or live market reports.

If you want those tools, you better find a proper broker that offers MT4, MT5, or cTrader as trading platforms and make sure the provider is licensed!

Investment Levels

FirstCapital1 offers five different investment levels with various perks:

• Self-managed account – 250 $;
• Standard – 10,000 $;
• Gold – 25,000 $;
• Diamond – 100,000 $;
• VIP – 250,000 $.

Only the leverage for the self-managed account was disclosed – 1:5. That’s pretty low for FX currency pairs and commodities trading. If you want higher leverage, you would have to invest 10,000 $, which is too much to risk with such an unreliable broker.

On the trading platform, we saw that the spread for the EUR/USD benchmark pair was 1 pip, which is decent. However, we do not know whether FirstCapital1 charges any commissions per trading lot.

Is Withdrawing Profits Possible?

The minimum deposit is 250 $ but FirstCapital1 did not disclose any deposit or withdrawal fees. The available payment methods include the following:

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

FirstCapital1 alleges that clients’ funds will be “held with an authorized credit institution or bank situated in Hong Kong or the United States.” If this were a real Swiss broker, why not store the funds in Switzerland, a country famous for its supreme banks?

Scammed by FirstCapital1 Broker? – Let Us Hear Your Story

If you are a victim of the FirstCapital1 scam, please let us know. We are willing to help you get your money back. For starters, you should book a free consultation with our team and share your experience with them.

Depending on the method you used to deposit funds, there are ways of requesting a refund. For example, wire transfers can be reversed via recall but you must act quickly.

Here you can book a free consultation and find out what to do for a start.

Is FirstCapital1 Legit or Scam?

FirstCapital1 is definitely a cyber trading scam. The Swiss FINMA has issued an official warning against this broker.

Does FirstCapital1 Offer a Demo Account?

No. FirstCapital1 does not offer a risk-free demo account, only live investment levels.

Are my funds safe with FirstCapital1?

No. FirstCapital1 is a trading scam. This brokerage is unregulated and appears on FINMA’s blacklist.

The official ownership belongs to Bit-HiveX GROUP LIMITED. According to the company, this group was created in 2015. However, their domain is only active since May 2023.

With lies like these, you can’t expect much from a company, especially not the one that offers crypto exchange services. For this reason, we encourage you to read our Bit HiveX review carefully and protect yourself from scammers.

Legal Info: Is Bit HiveX Legit Or A Scam?

The company claims to operate without violation of any UK laws. However, that’s not enough for experienced investors. The company must be licensed. 

In the case of crypto, the company should have a VASP license or a local regulation. But Bit HiveX doesn’t have any. Starting with UKs FCA, Australian ASIC and German BaFin.

Traders Reviews

One of the key warning signs is BitHiveX reviews. Out of 14 comments on Trustpilot, 100% of those are negative. In general, all the comments point out the same issue – withdrawal. 

After all, there’s a Reddit post with the same issues. If you were one of their victims, feel free to share it with us. Ultimately, you can book a consultation with our refund team for more options.

Who Are Bit HiveX’s Clients?

Since the company started in 2023, not 2015, they target very strict countries. Primarily ones with high regulatory requirements. In the case of Bit-Hivex.vip those countries are: 

• United Kingdom
• Italy
• Spain
• United States

In case you need advice for withdrawal issues, our refund team is available for consultation. Contact us today.

Investment Costs With Bit HiveX

For a company that claims to be registered in Germany, they have quite mysterious investment conditions. Therefore, we are not surprised by the poor Bit HiveX ranking. The company doesn’t reveal any transaction or withdrawal fees.

Bonuses

According to the company’s website, there are no active promotions for bonus funds. But without precise regulations, this company can offer you anything they want. Most importantly, it can all be fictive.

Bit HiveX Trading Features

Why Bit HiveX trust rating is low is their poor transparency. But also quite an uncompetitive trading software. Even though they offer proprietary apps it can’t be trusted without a license.

Is Bit HiveX Legit?

Only in a dream. The company operates without a license and transparent trading conditions. Not to mention deposit or withdrawal policies. After all, there are unreliable contact options and ownership details. Practically, everything about this company smells like a scam.

Available Trading Assets

As expected, this crypto exchange offers the most attractive crypto assets. Thus, you shouldn’t rely much on the data presented about those assets. After all, they offer unreliable app. Anyway, some of the most popular assets are: 

• Bitcoin
• Dogecoin
• Ethereum
• Bitcoin Cash + many more  

Account Types

Surprisingly, Bit HiveX doesn’t offer any account types. Therefore, traders can’t get any financial benefits from depositing more money. But don’t let yourself get tricked by those. Because some brokers might offer it and still end up scamming you. One of the examples you can see in our ZES Forex review.

Mobile Trading App

As mentioned, the company indeed offers a mobile app. Whether you are iOS or Android user. However, the reliability of the app is questionable. Primarily because of already-proven lies. But also because of the low trust score.

Demo Account

Unfortunately, a demo account with the company is not available. In the first place, because the company is obviously hiding many things. Otherwise, nobody would invest in them. If you are interested to learn more tricks brokers are using, read our 70Trades review.

Education

Another poor thing about this company is that they don’t offer any educational program. Therefore, Bit HiveX trading is not for beginners. Or the contrary. They want you to lack the proper knowledge. Consequently, they can scam you easier.

Bit HiveX Withdrawal

Important to realize is that Bit Hivex exchange doesn’t offer a fully transparent withdrawal policy. With only the USDT funding method available, you know there’s something shady.  

Since crypto transfers are irreversible and hardly traceable, that keeps their anonymity on the highest level. Above all, the company doesn’t reveal any withdrawal fees. So, plenty of room for manipulation.

Customer Support

One of the leading signs of the scam is always poor customer support. With this company, you can only chat through e-mail. Thus, if you are looking for a withdrawal you can forget about the response.

Key Information To Consider About Bit HiveX?

Firstly, the company is misleading traders about their registration date. Secondly, they are operating without adequate licensing. Especially for countries like UK or US. Not to mention unknown trading costs and poor customer service options.

After all, only problems are expected with this company. In case you had a bad experience and any withdrawal issues, contact our refund team immediately. Without any obligations and costs in the first meeting, you can get in-detail advice about your next step. So, you decide if you want your money back or not. If you do, contact us now!

FAQ Section

What is Bit HiveX?

Bit HiveX is a newbie crypto exchange operating under very shady circumstances and conditions.

Is Bit HiveX a Scam Or Legit?

Bit HiveX is obviously a scam. Also, many negative reviews prove that. If you were one of their victims, don’t hesitate to reach out for assistance from our refund team.

What Are The Trading Platforms Of Bit HiveX?

The company is running a proprietary mobile app for Android and iOS users. Yet, the app has only 5K downloads on PlayStore and a low trust score.

After receiving several complaints about AktienAG broker, we’ve decided to check their business. As it turns out, this firm is an unregulated scheme targeting German-speaking clients. You should stay away despite solid website design and somewhat appealing trading conditions. This review will give you all the reasons for that.

On top of that, we seriously recommend you not to invest in the fake brokers 44Trades, EarningCrypt, and Novobrokers. Do not trade with these unlicensed brokers if you want to save your money!

How Safe Is the AktienAG Platform?

AktienAG was allegedly owned by Aktien C Ltd and based in the UK. Furthermore, the company was reportedly regulated by the Financial Authority. Once the German BaFin issued an official warning, the firm changed its owner to AktienAG Holding Ltd, allegedly based in Cyprus. In addition, we have a brand Swiss Markets under the same umbrella. And once again, we have the Financial Authority listed as their regulator.

Since the Financial Authority is not the real regulatory body and the firm ought to have a CySEC license, we were already alerted about the AktienAG scam. Upon checking CySEC, FCA, FINMA, and several other regulatory registers, we confirmed that this trading firm is nothing but a fraud.

Reasons Not to Trust an Unlicensed Broker

If you’re wondering why you should avoid unregulated brokers, the answer is simple. You have no money-back guarantee, the firm can vanish at any moment, and you can lose everything you have without the possibility to file a complaint to any official financial institution.

So, Is AktienAG a Good Broker or a Scam?

AktienAG is not a regulated online Forex and CFD trading provider. The German state criminal police and the official regulator, BaFin, started an official investigation of Aktien C Ltd and their brands AktienAG and Swiss Markets.

Warning Issued Against AktienAG by BaFin

German regulator BaFin issued an official warning against AktienAG. According to it, this trading firm is conducting a scam by providing financial services to German residents. German crime police and the financial authorities warned citizens to check the firm before giving their money away.

What Do Traders Think Of AktienAG?

Since we already proved that AktienAG is nothing but a bogus brokerage, no wonder that reviews are negative. Traders mainly complain that they cannot get their funds back since their withdrawal requests are denied. In addition, they cannot contact anyone from the company or access their money after submitting several requests and being rejected several times.

Available Online Trading Platform & Tools

AktienAG offers a simple WebTrader. Customers can check available trading assets, choose among 3 chart types, and apply several indicators. There are no advanced tools such as Stop Loss or Take Profit and no features for in-depth market analysis. Likewise, this software doesn’t support automated or social trading, leaving customers with only traditional trading.

If you’re looking for the best brokerage and the most advanced platform, we advise companies with a Tier1 license providing MT4 or MT5.

AktienAG Accounts Overview

If you’re about to start trading, AktienAG will let you open one of the four account types:

• Entry – $250
• Standard – $2,500
• Premium – $10,000
• VIP – $50,000

The first two account types are pretty much the same. However, Premium customers are entitled to lower spreads and leverage, bonuses up to 100%, and monthly sessions with senior market analysts.

Also remember the names of the AllCryptoMarkets, HotTrades and The Investment Center trading scams and avoid them at all costs! Moreover, always check the background of online trading companies before investing!

AktienAG Broker – Countries Of Service

As mentioned, this trading firm mainly targets German-speaking areas, with the majority of defrauded customers being in:

• Germany
• Austria

Thus, you should be aware of who AktienAG is wherever you are and stay away from this cyber-fraud.

AktienAG Range of Trading Markets

This trading firm enables access to all major markets, including here:

• Forex market – EUR/USD, GBP/AUD, CAD/JPY
• Commodities – gold, corn, coffee beans
• Indices – Dow Jones, S&P500, DAX30
• Shares – Amazon, Google, Apple
• Cryptocurrencies – ETH, XRP, DOGE

Despite the vast number of trading instruments, your funds are at risk due to a lack of regulation.

What Trading Terms Trader AktienAG?

Some may say that AktienAG trading conditions are appealing. However, you should never forget that unregulated brokers don’t follow the rules and can set any terms they want. Most of the time, good-looking conditions are just a lure for innocent clients who will then be ripped off and left without their funds.

Minimum Investment Amount

The minimum deposit with AktienAG is $250. This is pretty much the industry standard. But some regulated firms have Micro accounts starting with $5 or $10. Therefore, there’s no reason to risk such a high amount with an unregulated broker like AktienAG.

About Leverage and Spread

The spread starts at 1.5 pips for the Entry account and 0.8 pips for the Premium account. While this may look attractive, note that unlicensed brokers are not interested in small profits from commissions and swaps but your entire deposit.

Regarding leverage, the firm offers range from 1:200 to 1:500. While one may think this is an excellent offer enabling you to make 200-500 times more money, it also puts you at 200-500 times higher risk.

AktienAG Deposit, Withdrawal Methods, and Fees

The company accepts two payment methods:

• Debit/credit cards
• Bitcoin and Ethereum

This is a typical tool for fraudulent firms, using crypto as a preferred payment. So, if you transfer your funds via crypto wallet, you won’t be able to file a dispute for a chargeback, and tracking these transactions is virtually impossible. At the same time, credit card transactions are processed through a third-party processor called PayPound. Thus, we advise against investing with the broker whatsoever.

Bonuses and Bonus Terms

Customers can get 30-100% of the deposit bonus. However, AktienAG doesn’t have Terms and Conditions or a Bonus Policy that would specify any terms. Usually, scam brokers use bonuses as a tool to prevent clients from withdrawals, asking them to reach a certain trading volume. Since we don’t have anything written, broker employees can demand this volume to be anything they want and change the demand whenever they feel like it.

Scammed by AktienAG Broker? – Let Us Hear Your Story

If you or someone close to you was a victim of AktienAG, let us know. Our chargeback specialists may be able to assist with the refund process.

But What Is A Chargeback?

This is a way of recovering your funds from the merchant if you made a deposit using your credit card. If you deposited via Bitcoin, our experts might help you trace the wallet where your funds are held. Contact us immediately to book a free consultation, and let’s start.

What Is AktienAG?

AktienAG is an online trading firm allegedly based in Cyprus, without regulations.

Is AktienAG a Scam Broker?

AktienAG has been blacklisted by the German BaFin and marked a scam.

Is AktienAG Available in the United States or the UK?

The firm provides its services in the UK but not in the US.

Does AktienAG Offer a Demo Account?

Yes, AktienAG offers a Demo account, but just as a tool to hook up new traders.