Baer Group undoubtedly got inspired by the famous chain of banks for their name. Don’t be naive though, and think that it’s a coincidence or that they’re in any way related. Scammers nowadays look for any way possible just to leave the impression that is most likely to have you invest in their sham. 

Our Baer Group review will show you all the reasoning behind our attitude towards investing in this unscrupulous web of lies. Not just because they’re unregulated and located in a gray area where no authority oversees the entire securities and derivatives market. Also because the leadership behind Baer Group wants their company to seem as something they’re not, all out of rotten ulterior motives. 

Is Baer Group Legit Or Not?

By the number of scams registered at the end of 2022, it seems like that was the moment when everyone decided to open a fraudulent offshore brokerage company. Since whoever is behind Baer Group decided to do the same, the best place for that in the whole wide world was Saint Vincent And The Grenadines. 

The financial authority that regulates financial markets in this country (SVGFSA) has altogether stopped licensing and supervising brokers. This has led to a massive expansion of the fake broker firms that started appearing overnight. Without anyone to oversee their activities, these companies and websites could scam investors to their hearts content and remain anonymous at that. 

Trying to establish whether Baer Group is really unregulated, we looked through the registers of FCA, ASIC, CySEC, NFA and CNMV but found no information about them whatsoever. Baer Group doesn’t have a Tier 1 license, which is preferred above all others. But this broker doesn’t have any license at all, not just the most respected and preferable one. 

As an addition to their corrupted work, Baer Group displays all the warning signs of scam. They do not provide segregated bank accounts for storing the customers’ deposits safely. The leverage on the Baer Group website is set to 1:100, while all Tier 1 regulators have restricted it to 1:30 or 1:50. 

Although the Baer Group scam convinces traders to provide them with the insurance of their account balance, no license can not confirm the credibility of these claims. Apart from that, Baer Group also issues bonuses up to 100% on the deposit made, while these are explicitly banned by the UK and EEA regulators. 

All the elements of the Baer Group conduct imply the illicit business going on behind the fine exterior. Even offshore regulated brokers like Po Trade are not recommended but still safer than this swindler. Be careful either way, and always gravitate towards reputable brokers that have what to offer and keep your investments secure. 

Who are Baer Group Victims?

While operating from a far offshore island, Baer Group has nothing preventing them from targeting a wider group of potential victims. The statistics show that this financial fraud isn’t concentrated in one area particularly. Rather, they cover various countries and focus on scamming on the global scale. Take a look at the states with the highest victims ratio:

• Switzerland
• United Kingdom
• United States
• India
• Singapore

The first look at their website doesn’t reveal anything in particular. However, once you start uncovering one layer of lies after another you can grasp just how deep the sham goes. For example, the broker claims not to accept the US traders but then you see the US as one of the countries with the most victims. And that’s not even the beginning of all that this fraudster tries to hide. 

Baer Group employs a number of highly skilled and communicative agents that lurk the social networks for potential targets. Once they find their victim, they stick to them like a tick until they suck them dry and empty their bank accounts. Some take more, some less convincing in the uniqueness of the investment chance and winning probability that Baer Group supposedly offers. But, sooner or later, almost every target falls for the lies and false promises.  

Before it’s too late, it would be smart to ask for a refund before you start trading or accept any of the bonuses because by then, you may already be their financial slave. Luckily, companies like ours provide legal protection and assistance in fund recovery, so contact us if you need help with resolving withdrawal issues.

Check What Traders Write About Baer Group com

The unclaimed company profile at TrustPilot doesn’t have many user reviews. All three of them are negative and in foreign language, which coincides with the victims coming from those countries. Based on insufficient data, we cannot claim anything for certain about Baer Group. 

But even the few negative reviews all point out at the inability to withdraw funds invested with this scam. So be very careful if you deal with this website. It won’t take long before more victims come to share their experience, which is, by all means, always negative.

Baer Group Trading Characteristics

All these fraudulent brokerages offer what seems to be an incredible opportunity for profits. Their prices are far lower than what a regulated broker charges, and the Trading Accounts seem to come with some amazing benefits, like 100% deposit bonuses and such.

The addition of exotic Trading Instruments, such as NFTs is especially attractive to the young people. The idea of quickly gaining riches is attractive to anyone, but the young folks lack the experience to scrutinize all the underlying risks. Without a Demo Account, you can’t even learn anything new or test new strategies without losing real money.

Baer Group is guilty of all of these offenses. Nothing is as it seems with this group of scammers, and as soon as you start scratching the shiny surface, you will see just how cheap and dysfunctional everything is underneath.

Which Trading Platforms Available at Baer Group?

Baer Group is your run-of-the-mill scam, and they of course use the Web Trader as their only Trading Platform. This allows the swindlers behind Baer Group to edit the market data. They can tailor the information as they see fit, and make it so that the client loses money every time they speculate.

Current industry standard software are MT4, MT5 and cTrader programs. These have become so ubiquitous that even less known Tier-3 Regulated brokers like GTCFX use them. The reason for this, of course, is that a regulated brokerage profits from the financial success of their clients. Scammers don’t care about your financial wellbeing, they just want a fast cash grab.

Available Trading Assets

The Trading Instruments you will see at Baer Group are nothing new or different when compared to all other scam companies. They have even added the latest fad to hit the market, the NFTs, to their platform… But you won’t find this particular piece of information until you manage a Baer Group Login to the Web trader.

As always, the Trading Assets are divided into several different groups. Here are the Assets that Baer Group allegedly offers for trade:

• Forex – EUR/USD, AUD/CAD, USD/JPY, GBP/CHF
• Cryptocurrencies – Bitcoin, Ethereum, Litecoin, Dogecoin
• Stocks – Disney, GM, Walmart, Siemens
• Indices – JP225, UK100, US TEC, ESP35
• Commodities – Brent, Gold, Silver, Sugar
• NFTs – Moonbirds, Bored Ape, Cool Cats, Beanz

What Account Types Are Provided?

Baer Group is advertising their Easy Start account as the best way to begin investing. Contrary to what it’s called, there’s nothing easy about trading with Baer Group. There is quite a lot of conflicting information about their Account Types.

On one page, the broker claims that the minimum deposit for this Easy Start Account is $150, while the other part of the site sets the minimum deposit for the same Easy Start Account at $250… But that’s not all, because on the homepage you will find an advertisement that you can start trading with a minimum deposit of $1 000 – on the same Easy Start Account!

Of course, $1 000 is quite a steep minimum deposit for something that is called “cheap” and “easy”. Many regulated brokers set their minimum deposits at $10, or even less.

Here is what the Account Types at Baer Group look like:

• Easy Start – $150 (From Advertisement), $250 (From Client Portal), $1 000 (From Homepage)
• Standard – $3 000
• Trader – $10 000
• Pro Trader – $25 000
• Premium – $50 000
• VIP – $250 000

It’s difficult to take these people seriously, especially since the accounts are pretty much all the same. There is no real difference between them, other than the steep rise in deposit costs and alleged trading benefits each one yields. As hard as we looked, we couldn’t find a Demo Account anywhere.

Deposit and Withdrawal Policy

In the process of signing up, Baer Group login page demands you to agree to the Terms and Conditions doc and the Privacy Policy. However, you are incapable of reading them prior to accepting them. The website doesn’t have any of the obligatory documents posted for the site visitors to go through. 

This gives Baer Group space to improvise and later impose all kinds of ruthless conditions upon their traders. For example, the broker will advertise the beginning account for $150, ask for a $250 deposit in the user area but also ask you to start with nothing less but $1 000. 

The same way, the shady financial services provider could ask you to reach the trading volume requirement first before allowing you to request a withdrawal. To additionally obstruct your progress towards getting a payout, Baer Group will also come up with all kinds of excuses. Typically relating to more fees, charges, taxes and commissions they will directly deduct from your total balance until you’re left with nothing! 

What Customer Support Does the Broker Provide? 

There are a few ways through which you can contact the Baer Group Customer Support. In the Contact Us part of the Website, there is a phone number, an email address and a Contact Form. Naturally, because Baer Group is a fraudulent company, their contact address for physical mail is made up as well.

You may contact the Customer Support nearly instantly through the Live Chat in the Web Trader. As you’d expect, these Customer Service agents are the same Boiler Room Agents who have persuaded you to join the Baer Group Platform in the first place. It’s a merry-go-round of fraudsters, and they will invent any excuse not to fix your issue, but to ask for more money.

What Can I Do If Baer Group is an Online Scam? 

Let’s face it – who wouldn’t be attracted to the thought of making a quick buck? The point is to pick your provider and future business partner carefully. Still, it can easily happen to be entrapped in a malevolent financial scheme, even if you’re a Forex professional with all the wisdom of the world markets. 

If you consider your funds to be compromised by this or any other broker, you can reach out to us for professional help. Our chargeback specialists are well-trained and educated for dealing with such clever scams. One important circumstance that you will find valuable is that we do not charge the first consultation. Getting to know your helper and their capabilities is of crucial value. 

So chat us up and let’s exchange ideas, experiences and knowledge, so we can make the right moves and get your funds back as soon as possible.

FAQ Section:

Is Baer Group Trustworthy?

No, Baer Group is an unlicensed, unregulated offshore Forex trading scam company. All their company information is fake to the point that we couldn’t even confirm that Baer Group is legally registered in their alleged country of origin. We advise all our readers not to engage in any business with Baer Group.

Can I Earn with Baer Group com?

Even though Baer Group claims to be an extremely well thought-out trading environment with low prices, you need to remember that you cannot conduct any actual trades through their Web Trader. Everything is made up just to seem as if you were trading, but the exchange never takes place. It’s all smoke and mirrors, an illusion to keep you spending more and more money.

What Are My Steps If I Was Scammed by Baer Group?

If you suspect a scam going on, request a withdrawal as soon as possible and change your credit cards and bank info. If the withdrawal doesn’t succeed, feel free to contact us for legal help.

The CFDtrades broker makes a number of claims on their website from the get go all with the intention of getting the potential client to create an account with them and depositing the mandatory 250$. However there is one small issue, they do nothing to substantiate any of their claims. The CFDtrades broker claims that they offer world class transparency for their investors. This can immediately be debunked by the fact that they do not offer a free demo account so that potential clients can see if this broker is a good fit for them.

Another alarming issue is that CFDtrades does not disclose where they are based, this means that the client has no idea where their money is actually going when they invest with CFDtrades.

To add to the foregoing, we strongly advise you to ignore brokers such as Axen Trade, Kapital Consult, and Traders Powers.

Is CFDtrades a Licensed Broker?

CFDtrades does everything in its power to skirt around the topic of licensing and regulation on their website. This alone is enough to bring to question the legitimacy of CFDtrades as a broker. This is highlighted by the fact that the website does not feature an “About us” page but only has a contact form. This is a commonly used tactic by scam brokers as a means of gaining a way to contact potential clients after which they bombard them with spam with “better” offers. 

How Unsafe Is An Unlicensed Broker?

It is extremely dangerous to use an unlicensed or offshore broker. This is due to the fact that these brokers like CFDtrades will do everything and anything they can in order to take your money while making the withdrawal process convoluted or impossible. It is worth noting that the CFDtrades broker is not regulated by the Central Bank of Ireland, FCA, ASIC or BaFin. This means that they are an untrustworthy broker to place your investments in. 

How Reliable Is CFDtrades Broker?

CFDtrades is not a legitimate broker. The firm is not licensed, and most likely not Irish-based.The reviews are mainly negative, indicating you shouldn’t deal with this broker.

Traders’ Experience With CFDtrades

The list of negative reviews CFDtrades has received is long and exhausting. As with most scam brokers the primary goal of CFDtrades is to get your money and make it very difficult to impossible for you to withdraw your funds. This is a common tactic used by most if not all offshore brokers and CFDtrades is no different. 

What Platforms Does CFDTrades Offer? – Available Trade Software

Like the majority of scam brokers, CFDtrades uses its own web based trading platform. This is an issue because it does not offer the tools even seasoned investors need in order to make informed decisions about their investments let alone someone who is new to investing. Platforms like Meta Trader4/5 are more well suited to trading forex and crypto by virtue of the tools that they provide. Using their own trading platform is not conducive to setting their clients up for success.

CFDtrades Accounts Overview

The CFDtrades broker makes these accounts available for investors:

• Silver for up to 5000 EUR
• Gold for up to 10 000 EUR
• Platinum for up to 50 000 EUR
• VIP by invitation only

CFDtrades Broker – Countries Of Service

  The broker is available in the following countries: 

• UK 
• Greece 
• Canada 

CFDtrades Range of Trading Instruments & Markets

As far as we have found the CFDtrades broker makes the following assets available for trade: 

1. Crypto 
   1. Bitcoin 
   2. Litecoin 
   3. Ethereum
2. Forex pairs
   1. EUR/USD
   2. GBP/AUD
   3. AUD/CAD

Please remember the names of the SinaraCorp, IB Finanzas, and Exindex and stay away from them! Before investing, always check the history of online trading organizations!

What Trading Terms Trader CFDtrades?

The trading company gives its clients no information that they could use to make an informed decision. The minimum investment required by the broker is 250$. This is the only way to gain access to their platform. This means that clients have to invest in order to be able to see what the platform they will be investing through even looks like. The leverage that is offered to clients of is 1:200. This alone is not enough for someone to make a decision that they trust CFDtrades with their money. 

Fees, Payment and Withdrawal Methods

The broker’s website gives absolutely zero information about how a client could withdraw their money. This is all upheld by the fact that they are an unregulated broker so they are not subject to the rules that all legitimate brokers are. The primary way they make it impossible for clients to withdraw funds is by tying deposits to the bonus scheme which they intentionally make convoluted. Basically if you have made profits through their bonus scheme you are not able to withdraw your funds.

This is further complicated by the fact that once you deposit your money it is not made clear what the bonus is and what your deposited funds are. Even in the unlikely scenario that you successfully manage to withdraw your funds and your profits the CFDtrades broker applies a 20% withdrawal fee.

Scammed by CFDtrades Broker? – Let Us Hear Your Story          

If you have been scammed by CFDtrades it is imperative that you contact us as soon as possible so that we can begin the procedure for a chargeback. This could be the only way for you to recover your money but it is important that this happens as soon as possible.

But What Is A Chargeback? 

A chargeback is a procedure that is possible if you have deposited your funds via credit card. In this case we can work with a bank in order to retrieve your money from the scam broker.

What Is CFDtrades?

CFD Trades is a scam broker that lets clients trade forex and crypto.

Is CFDtrades a Scam Broker?

Yes CFDtrades is a scam broker that hides basic facts.

Is CFDtrades Available in the United States or UK?

The firm is not available in the United States but is available in the UK.

Does CFDtrades Offer a Demo Account?

No there is no option for a demo account a minimum of 250 $ is required.

From the moment we opened the BankDeFX website till the very end of this BankDeFX review, we had a bad feeling about the brokerage. From the untransparent website to the absence of all crucial information, this broker is shady and anonymous. But we uncovered it all.

BankDeFX Regulations and Security

BankDeFX is a brand allegedly owned by BankDeFX Ltd from an unknown country. Why do we say allegedly? Because we couldn’t find such a company in any register, we searched. We’ve also been through Tier1 regulators such as FCA, ASIC, and BaFin and found nothing about BankDeFX broker.

It’s a huge red flag, and it shows you should avoid BankDeFX at all costs.

BankDeFX Warnings From Financial Regulators

As the name suggests, the broker is active mainly in Germany and Austria. And these two countries are the ones that published an official warning against the BankDeFX scam.

BaFin required bankdefx.com to stop providing unauthorized financial services.

On the other hand, FMA said BankDeFX is not regulated by them and cannot provide any sort of financial services in Austria.

Beware of the BankDeFX scam and other brokers such as traderfex, BTCADA, FIPT, and PKG Global.

Fund Withdrawal Issues

Since the broker has no official headquarters and doesn’t belong under any regulatory jurisdiction, it seems that its employees thought to themselves it means “no money back.” Everything they take from clients stays with them, and clients cannot withdraw anything. Despite their attempts and numerous withdrawal requests, money is gone for good.

Think if you want to be involved with such a company.

Traders Opinion

According to some BankDeFX reviews, traders believe they’re being involved in a scam conducted by China. The broker is ranked as poor on all of the websites, and all you can read is about numerous withdrawal issues, lousy support, and low-level financial advice.

Everyone involved recommended staying away from the BankDeFX broker.

How Does Online Trading Scam Work?

Online advertising is where the scam starts. Traders are convinced they will get access to the best financial institution and make millions from as low as $250. The ad leads to the broker’s website, where it’s necessary to provide personal information and contact details. Afterwards, the broker calls them and promises even more than the ad itself. People involved in such a scam know how to play on your wishes and manipulate you to believe their lies. In the case of BankDeFX, the main targets are German and Austrian residents without trading experience.

Once involved with this scam, you will never see a penny back.

Scammed by BankDeFX?

Suppose you’ve been involved with BankDeFX and got scammed. You can always request a chargeback and get your money back legally. However, for such an action, you need to provide sufficient evidence.

But what is a chargeback?

Once you submit all the evidence, your bank has the legal right to retrieve your funds from the merchant back to your credit card. For further details related to your particular case, contact our customer support via online chat.

What is BankDeFX?

BankDeFX is an online trading brokerage defrauding clients to be a legit financial service provider.

Is BankDeFX a scam?

The broker has no regulations, and it has been blacklisted in Germany and Austria.

Is BankDeFX regulated?

No, BankDeFX has no regulations nor license for providing financial services.

The Internet has become a playground for unscrupulous scammers nowadays. If you think that this investment firm is going to help you make profits, you’re wrong. The platform and plan are nothing but a ploy designed to take away your money.

We intend to prove this in our Glamour Fx Trade Review so be sure to give it a read. Also, we aim to outline the potential fund recovery methods. 

Legal Info: Is Glamour Fx Trade Regulated?

The firm’s bogus website claims that this business was founded in Florida while being registered with the Financial Services Commission (FSC) of the British Virgin Islands (BVI).

However, the FSC issued a warning against Glamour Fx Trade on September 22, 2023, stating that the platform “is falsely purporting to be licensed and regulated by the FSC to conduct investment business.”

Just to be sure, we checked the registers of the US National Futures Association and the Securities and Exchange Commission and got no results back. Glamour Fx Trade Ltd seemingly doesn’t exist anywhere besides online.

Do you really want to trust such a shady platform with your funds? Instead of taking the bait, reject everything that the fraudster offers and report the scheme to the authorities. 

We recommend you find a reliable provider licensed by a reputable financial market regulatory authority. The best regulators that you can rely on to supervise your platform include the FCA (UK), ASIC (Australia), CFTC & NFA (US), CySEC (Cyprus), BaFin (Germany), IIROC (Canada), etc.   

If you need help finding the best platform for your needs, we offer our professional assistance.

Why a Trading License Matters

Top financial market jurisdictions such as the European Economic Area, the United States, and Australia boast heavy regulations. Their respective regulators have established strict requirements for entities that apply for a license.

Firms are required to maintain a substantial minimum operating capital (e.g. 730,000 EUR or 1,000,000 AUD), provide clients with negative balance protection, segregate their funds in a top-tier bank (e.g. Barclays), and even a compensation scheme (e.g. up to 20,000 EUR).

If you’re having issues with a regulated broker, you can file a complaint with the regulator. Unlicensed providers such as Glamour Fx Trade and Canz Trades are not liable to compensate you in such cases, which is why these platforms should be avoided.

Who Are the Fraudster’s Targets

According to godaddy.com/whois, the glamourfxtrade.com website domain was created on November 19, 2022. Since then, the anonymous financial swindler has mainly been targeting unsuspecting traders who reside in the following countries:

• South Africa;
• Nigeria;
• Namibia;
• Zambia;
• Uganda.

It’s obvious that African traders are the main targets. Although each of these jurisdictions has much laxer regulations than Europe or North America, it doesn’t mean that unlicensed entities are allowed to operate. 

Do not trust this scheme! We can help you recover the funds you deposited in your account. 

Trader Reviews

You will not find any positive reviews of this investment platform. But what you will find is a couple of complaints from unfortunate traders who ended up losing the money they invested in Glamour Fx Trade’s plan.

Check out the negative reviews for yourself on scamadviser.com. It is important to read what others say about a certain platform before contemplating any investments. Also, get acquainted with how the trading industry coped with recent global challenges and events by reading our Forex Trading Market analysis.  

Is There a Trading Platform Available?

Glamour Fx Trade does not seem to offer a trading platform. Instead, the unreliable website is begging you to invest money in a certain crypto plan that is supposed to yield quick and hefty returns. 

The whole consent is rather suspicious and raises concerns. What happens to the money you invest? Is the firm going to use it to trade crypto and make profits so that you get your share? Whatever the case, do not throw your valued funds away on such a cheap scheme.

Litecoin Plan and Referral Program

Glamour Fx Trade allegedly offers a Litecoin plan, which requires a minimum investment of 24 USD. The rest of the information about this plan is rather misleading and confusing.

Keep in mind that cryptocurrencies are extremely volatile assets with markets fluctuating to extreme degrees at times. In other words, the crypto environment is unpredictable and risky per se. If you truly want to trade these assets, be sure to pick a legitimate platform.

There is also a referral program available, which enables traders to earn a 1% to 5% commission on every new member they bring in. Of course, this is nothing but a Ponzi scheme so do not drag your friends into it. 

Withdrawal Issues

At the bottom of the home page, we saw logos of popular payment processing companies such as MasterCard, VISA, Maestro, and American Express. Presumably, all payments are made via credit/debit cards. With a platform like this one, withdrawal issues are inevitable.

Therefore, if you want to reverse a credit/debit card transaction, you should request a chargeback at your issuing bank within 540 days. You may need professional assistance, which is why we offer our expert services so please book a consultation with us and tell us more about your case. 

Key Information To Consider About Glamour Fx Trade

Glamour Fx Trade is an anonymous website, offering a dubious Litecoin plan. The fake investment firm is blacklisted by the BVI FSC and the website does not provide any valid legal documentation, which is why it cannot be trusted. 

If you have fallen victim to this unscrupulous scheme, do not despair. We can help you recover your funds. Our experts will gladly guide you through the chargeback process. Book a free consultation with us as soon as possible.

Let us know if Glamour Fx Trade scammed you.

FAQ Section

What Is Glamour Fx Trade?

Glamour Fx Trade is an anonymous investment scam allegedly based in the US and registered with the BVI FSC.

Is Glamour Fx Trade Scam?

Yes, the website is undoubtedly a scam. The FSC issued a warning against it.

How Long Does It Take For Glamour Fx Trade To Fulfill Withdrawal Request?

According to the website, 5-30 minutes. This is a lie, the scammer won’t send you your money. We are here to help you retrieve it.

We have to say, this website is awfully reminiscent of that of a renowned broker, eToro. Even the name appears in some places. However, the entity behind this one comes from a notorious island. We believe that this provider put on a perfect facade in order to defraud clients. To support our claim, we will list key evidence in the TBanque Review.

As well, stay away from the trading scams ENS Invest, Titan CFD, and Wilton Option! Furthermore, before investing, always investigate the history of internet trading firms!

Is TBanque a Scam or a Legit Broker?

Not at all. First of all, TBanque is owned by Ton Investment Group LLC from Saint Vincent and the Grenadines (SVG). Thus, it operates under a pretty relaxed jurisdiction. In addition, SVG’s regulator – the Financial Services Authority (FSA), does not issue Forex licenses.

So, TBanque is not regulated to provide FX services. As such, the shady broker could never get by in heavily regulated countries such as the UK, Cyprus, Australia, etc.

All the alleged corporate branches over the world are just a ruse to make the whole scheme seem more legitimate.

TBanque is a shady offshore provider based in Saint Vincent and the Grenadines that offers Forex, crypto and CFD trading. The dubious broker targets traders from Germany, Portugal and France.

Why Is It Safer To Choose Regulated Brokers?

After everything that’s been said, our assessment is that TBanque is extremely risky. On the other hand, you’re better off finding a broker that proudly displays a valid license issued by top-tier regulators such as the FCA, CySEC, ASIC, BaFin, CONSOB, etc.

Trust us, you won’t have to worry about the security of your funds since they will be segregated in a Tier 1 bank account. In case the market moves rapidly against you, negative balance protection is there to save the day. In order to prevent great losses, a leverage restriction of 1:30 is active.

Brokers in the UK and EU cover you with 85,000 GBP and 20,000 EUR respectively should they file for bankruptcy. 

Warning from the Bank of Russia

There is a warning issued against this cunning offshore trickster. Namely, the Bank of Russia has reacted to the investment scam. That’s another reason not to trust TBanque. Below, we have provided a link to the warning.

What Platforms Does TBanque Offer? – Available Trade Software

With all the extravaganza on the website, we thought TBanque had a neat trading platform in store. Yet, we only found information about WebTrader. However, since there’s no real demo account and the broker kept giving us broken links, we weren’t able to confirm the platform.

Nevertheless, WebTrader is pretty lackluster in general. The platform only offers simple charts and indicators. It’s good just for newbies. We wouldn’t recommend it.

Famous cutting-edge Meta Trader platforms are the perfect choice for an excellent trading experience. TBanque doesn’t offer them.

Trader’s Reviews of TBanque

At the time of this writing, TBanque had 44 reviews on Trustpilot with an average score of 4.8. One might think this is a perfectly legitimate broker. However, it’s imperative you realize how fake these reviews are. The profile on the website isn’t verified.

Trustpilot even warned about them being fake. Also, the broker uses bots or even its own employees to write lies. 

TBanque Range Investment Opportunities – Trading Instruments

Here’s an overview of TBanque’s available assets with examples:

• Forex currency pairs – EUR/USD, AUD/CAD, CHF/JPY…
• Indices – S&P500, DOW30, NIKKEI225…
• Commodities – natural gas, gold, copper…
• Stocks – Tesla, Samsung, Renault…
• Crypto assets – BTC, USDT, DSH, ETH…
• ETFs – AMPL, AAXJ, AGG…

It seems abundant. However, without a valid license and regulation, this list isn’t that important. Even if it is real, you don’t have the necessary security conditions to trade the instruments safely.

TBanque Fraud Risk Zones – Service Countries

When it comes to the countries in which TBanque finds potential victims, here’s a list we made after doing some research:

• Germany;
• Portugal;
• France.

Unfortunately, not a single regulator from the three has issued a warning against TBanque. Therefore, it’s up to you, us and other reviewers to pressure the financial market authorities to react as the Russian central bank did. Please share information with us if you have any. 

Furthermore, we strongly advise you not to invest in the bogus brokers APM Capital, Perlybit, and DotBig. If you want to save money, don’t trade with these unlicensed brokers!

TBanque Accounts Overview

Only two account types are available:

• Retail account – 10 – 10,000 $ (depending on the country);
• Professional account – > 500,000 $;

Allegedly, the latter type comes with multiple perks such as those we listed in one of the previous sections about why it’s better to trade with a licensed broker.

However, this illicit broker is not licensed, thus we highly doubt it can provide clients with compensation. The leverage isn’t restricted either. TBanque says retail clients get 1:30 and professional ones get 1:400, but the truth is, the cap is at a whopping 1:1000. Imagine the devastating losses one would suffer at such a high level.

As for spreads, the level is unknown. The fraudster advertises commission-free trading, which makes no sense. 

Information About Demo Account

According to TBanque, there is one. It offers 100,000 $ for practice. Yet, the platform was unavailable, rendering this suspicious demo account useless. With all that’s been said, we wouldn’t trust TBanque even if it did offer a valid demo account.

Partners and Promotions

As is the case with most scammers, they offer some shady affiliate or partnership program to draw you further into the scam. The purpose of these incentives is to make you either invest or invite friends to do it so that they too could get defrauded.

The fraudulent broker states that it sponsors several Serie A and Bundesliga football clubs. Maybe in some other world.      

Deposits and Withdrawals

As mentioned, the minimum deposit varies depending on the country of the trader. That’s a really discriminatory policy. For example, a US trader has to pay 10 $ to open an account while an Israeli trader has to pay 10,000 $. Do you see how wrong that is?

As for the payment methods, TBanque listed quite a wide range of them:

• TBanque Money;
• Debit/credit card;
• Wire transfer;
• PayPal;
• Neteller;
• Skrill;
• Trustly;
• iDEAL.

What’s alarming here is that TBanque allows deposits up to a certain sum of money without prior verification but not allowing the same when it comes to withdrawals. That means you can pay regardless of who you are, but if you want to withdraw funds, you’ll have to prove your identity. 

Scammed by TBanque Broker? – Allow Us to Hear Your Story

We don’t have a solution for the strange TBanque money option. You’ll have to call the police about it. But, for the rest of the payment methods, there are ways you could get a refund. We can assist you through the whole process so don’t hesitate to set up a consultation and learn more about chargebacks.

What Is the Chargeback Procedure?

• Credit/debit card transactions can be reversed via chargeback.
• You can request a chargeback at the issuing bank within 540 days.
• Wire transfers can be reversed using a recall.
• This process is only possible if the transaction isn’t completed yet.
• E-wallet payments require you to contact the issuing company and see what the next steps are.

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

What Is TBanque?

TBanque is an offshore broker located in SVG that claims to offer Forex, crypto and CFD trading.

Is TBanque a Scam Broker?

Yes. This broker has even been blacklisted by the Bank of Russia. TBanque is not licensed.

Is TBanque Available in the United States or the UK?

Yes. The broker is available in both the United States and the United Kingdom.

Does TBanque Offer a Demo Account?

No. Despite claiming otherwise on the website, TBanque doesn’t actually offer a valid demo account.

Winnex Consulting website is owned and operated by Wealth Fund Services Ltd, a Cyprus-based investment company. Broker offers online financial services and claims to have been licensed by CySEC. 

However, this is not the factual state and this site is not to be trusted. Winnex is actually an ongoing scam scheme and has not been regulated. Read our Winnex Consulting review to see why it is so.

What is more, we strongly advise you not to invest in Limit Markets, Cloxyields and VintageMarkets fraudulent brokers.

Is It Safe To Trade With Winnex Consulting Broker?

We can say it right off the bat: Winnex Consulting is not a safe broker to rely on! Simple check of the CySEC register and not finding Winnex there is a confirmation that Winnex is faking a license. 

To be sure, we have also checked several more registers: FCA, BaFin, AMF, CNMV, ASIC, CFTC. Winnex Consulting is not in any database of the regulated brokers. 

Without being regulated, Winnex Consulting cannot guarantee safety of funds, security protocols, segregated accounts and more. Trading environment provided cannot be deemed safe due to the broker operating without authorization.

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

Regulated brokers have no need to lie about being licensed. As a matter of fact, due to the transparency obligations, they will have to provide proof of being regulated. That is why you can find legal documentation on their site and check the company background info in detail.

Furthermore, safety of funds is guaranteed, including enhanced customer protection. Risk-reducing measures are also taken to prevent unwanted losses. 

So Is Winnex Consulting a Scam?

Winnex Consulting is a fraud claiming to be licensed by CySEC. In reality, CySEC has never authorized Winnex Consulting to offer online financial services. A warning issued by CONSOB confirms that this broker operates illegally. Stay away!

Blacklisted by the Financial Regulator CONSOB

While going through the CONSOB site search, instead of proof of license, we have found a warning issued against Winnex Consulting. CONSOB (Italy) is one of the leading EU regulators.

When a regulator blacklists a broker, it is definitely a sign the company should not be trusted. The warning mentioned clearly states that the firm is offering services and transactions without authorization.

What Trading Software Does the Winnex Consulting Broker Offer?  

Winnex Consulting advertises the popular MT4. The promises are made about trading safely, with access to numerous instruments, with advanced trading features.

However, the broker does not provide download links. Registering an account gave access to an overly simplified web based trader that does not resemble the great MT4 in the slightest.

Desktop Platform

Desktop solution for trading at Winnex Consulting is supposedly designed to be user friendly and reliable. Users are allegedly able to access top markets and trade at a lightning-fast speed. Advanced options, real time data, customizable charts are all included. 

Without the functional download links, we could not check this.

Mobile Platform

Traders using the mobile platform are promised to be able to do so on both iOS and Android phones. Available on the go, this software is there for the traders who are not tied to one place. This would be admirable if true. But coming from a scammer like Winnex, we cannot easily trust this promise.

Winnex Consulting Accounts Overview

Account types available at Winnex Consulting are the following:

• Basic – $250
• Silver – $10 000
• Gold – $50 000
• Platinum – $100 000
• Diamond – $500 000

The absurd costs per account type are typical for fraudsters. No regulated broker would ask this sum from you. So be cautious and do not invest here.

Also, remember the names of the Zivyard, Radex Markets and TheRoyalFX trading scams and avoid them at all costs! Moreover, always check the background of online trading companies before investing!

Negative Equity Protection

Winnex Consulting is an unlicensed broker. In comparison to regulated brokers, this broker cannot guarantee certain funds protection and consumer safety measures. One of them is negative balance protection. 

This refers to protecting the client from losing more than they’ve invested. Thanks to this measure, if a client deposits $1000 for example, they can never lose more than what they’ve deposited, in this case $1000.

Winnex Consulting – Countries Of Service

Apparently, Winnex Consulting does not offer its services to US residents. Other countries are accepted. Clients from the EU(Italy, Germany, etc) and other areas can make an account and trade. 

Winnex negates offering its services in countries where the jurisdictional laws and regulation do not allow it. Judging from the CONSOB warning, this is another lie by Winnex.

What Is Known About Winnex Consulting’s Trading Conditions?

Winnex clients are given options of buying and selling over 1000 tradable assets. Alleged super tight spreads start from 0.7 pips. Leverage allowed can go up to 1:200. 

Minimum deposit needed is $250. Account funding can be supposedly done via credit/debit cards, E-wallets. However, all payments go through some third party websites that are highly suspicious. Minimum withdrawal amount is $100 and the processing time is 3-4 business days. 

Bonuses are included, such as the birthday bonus, discount on account types and the 200% welcome bonus for the first deposit. 

Scammed by Winnex Consulting Broker? – Let Us Hear Your Story

Please do not feel ashamed to share your experience as a scam victim. Unscrupulous brokers are constantly present in the online trading community. You reporting a fraud and speaking up could help prevent another trading becoming their target or next victim. 

Share your story with us and help us raise awareness!

But What Is A Chargeback?

Feel free to refer to our experts for help on processing a chargeback. This process is crucial for getting your stolen funds back. 

Contact us for any help needed. You will be advised on how to act further, including necessary precautions and safety measures. 

What Is Winnex Consulting?

Winnex Consulting is a fraudulent website selling financial services and defrauding its clients.

Is Winnex Consulting a Scam Broker?

Yes, Winnex Consulting is an unregulated scam broker and only lies about having been licensed by CySEC.

Is Winnex Consulting Available in the United States or UK?

Winnex Consulting does not offer services to USA residents. The broker does not specify other countries.

Does Winnex Consulting Offer a Demo Account?

No, Demo account is unavailable at Winnex Consulting so trading risk-free with virtual funds is not possible.

AssetShot seems to be a relatively new broker on the market, established this year. However, it already has a regulatory warning and many negative reviews. It all gives us enough material for a solid AssetShot review where we’ve presented it all to you.

What About AssetShot Regulation?

AssetShot is a brand owned by Jess Group LLC from Saint Vincent and the Grenadines. As already explained throughout our reviews, SVG has no financial regulator. This offshore country has an FSA register, while the regulation should be sought in the country of service.

This implies that Asset Shot is yet another unregulated offshore broker that doesn’t have to follow any rules or keep your funds safe in segregated accounts.

In addition, we strongly advise you not to invest in OnyxProfit, Elcomercio24 and CFDAdvanced fraudulent brokers.

AssetShot Warnings From Financial Regulators

Since the broker is mainly present in the UK, no wonder their regulatory body, FCA, was the first to issue an official warning against the Asset Shot scam. According to this warning, AssetShot sells financial services without proper authorization, making it a trading scam.

Fund Withdrawal Issues With Asset Shot Broker

As expected from an offshore firm, AssetShot creates lots of issues when it comes to withdrawals. It’s one of the reasons brokers choose to have headquarters in safe-haven countries. Since regulatory supervision is loose at best, companies like Asset Shot feel safe enough to scam clients. They are aware nobody will force them to follow any rules or reimburse customers.

And here we come to the biggest issue – unprocessed withdrawal requests. Once a client decides to ask for a payout, they will most likely face a frozen account, or money will disappear from it.

Areas of AssetShot Scam

According to AssetShot trader reviews, the broker is mainly present in:

• Canada
• Netherlands
• Ireland
• Sweden

However, all the other areas are not safer since the broker has only one restriction: US residents.

Wherever you are, beware that AssetShot is an unregulated scam, and don’t fall for it.

Also remember the names of the EuroMTS, OBRinvest and GXCM trading scams and avoid them at all costs! Moreover, always check the background of online trading companies before investing!

Traders on AssetShot Scam

According to AssetShot reviews, traders are exposed to torture by the company’s account managers. They are trying to withdraw their funds, but instead, they are pressured to invest more. The broker convinced them they accepted bonuses, and now they must have a rollover of 25 times the amount plus a bonus to be able to withdraw the funds. Pure scam of offshore companies.

How Does Online Trading Scam Work?

Online trading scams are widespread, especially when involved with unregulated offshore brokers. However, there is a way for you to see through the scam. If an offer sounds too good to be true, even if you see an ad promising too high profit, know that you’re probably being scammed.

So, if you’re pressured to invest and never have a chance to get profit, you are being scammed. If your trading account is frozen and there is no logical reason for it, you’re being scammed.

In all these cases, you should report the scam and make sure to file a dispute for a chargeback.

Scammed by AssetShot? – Tell Us Your Story

If you were scammed by Asset Shot or a similar bogus broker, let us know. Our chargeback specialists are here to assist you with this matter and help you file a successful dispute.

But What Is A Chargeback?

A chargeback is a way for your bank to reverse the fraudulent transaction. For further details, contact us via online chat and book a free consultation with our specialists.

What Is AssetShot?

AssetShot is an online trading brokerage providing CFD and Forex trading without a license.

Is AssetShot A Scam Broker?

Company has been blacklisted by the UK FCA for conducting scams.

Is AssetShot Regulated?

AssetShot is not regulated and provides financial services illegally.

Pretending you’re somebody you aren’t isn’t exactly an honest business practice. Still, numerous people on the web will do just that if they can get some of that cash from your pocket!

Spotting a dangerous clone company is difficult if you don’t know what to look for. Our Finance IG review will show you the telltale signs that make them easy to detect.

 Is Finance IG Legit?

Instead of as a firm, this forex service is referred to as a “website” in the Terms and Conditions. The site’s footer contains a couple of addresses for what should be office branches, but mentions no parent company names.

There are two mentioned addresses, one in the UK and another in Canada. The Canadian one does not match any entries in the MRAS. Additionally, the company claims to have licenses issued by non-existing authorities.

Looking at the UK Companies House, we found at least nine different entities named IG FINANCE, with name suffixes ranging from 1 to 9. All of the firms are listed as providing “other business support activities,” with no mention of brokerage. The one with a matching address has been dissolved and was never licensed by the FCA.

Regulator Warnings Piling Up

Numerous financial regulators have already discovered this illicit entity. Spain’s CNMV was the first agency to post a public warning about this unlicensed broker. Other authorities forwarded this warning from the EU, including CONSOB, AFM, FI, A–TVP and IOSCO. The fact that the broker has been blacklisted in so many jurisdictions is solid evidence of a scam.

We remind our readers never to invest with unregulated companies. To obtain a license in the EU, a broker must provide negative balance protection, segregated bank accounts and compensation funds. By trading with an unlicensed entity, you forfeit all of these essential client safeguards.

Deception Behind Clone Companies

To better understand the mechanism at work, we can compare a boiler room to a scam call center. Boiler room agents working with the Finance IG trading scam impersonate employees of a popular brokerage firm. Their agents constantly dial random phone numbers and search for new marks. Should anyone show any interest, agents start pitching a get-rich-scheme.

Through careful manipulation, these miscreants are able to extort a mind-boggling amount of money from their victims over time. If you believe you’ve invested in one such con, contact our legal team as soon as possible.

Beware of Follow-Up Fraud

Examining the Finance IG reviews on popular rating sites, we’ve noticed an alarming trend. Those we found on the Reviews.io platform nearly all advertise fake recovery rooms.

You can spot the offending comments with relative ease, as they show the service names with strange spelling and capitalisation. Cons do this to avoid automatic advertisement detection, and fool the review systems.

Site Age Betrays The Con

Con artists will always claim that their brokerage has been in service for a decent number of years. This is something Imperialfinance is guilty of as well. Looking at the finance-ig.com domain history though, we can see that it did not exist prior to May 2024. Majority of the victims are people from these regions:

• Spain
• Australia
• Canada
• Germany

Don’t hesitate to contact our experts if you need help with getting your stolen money back.

Tiered Trading Accounts

There is no real choice of Finance IG login accounts, other than several different tiers. These exist only so the agents can return and ask for more funding. To justify the expense, they will cite one benefit or the other.

This is a pretty common practice with cybercriminals, and is something Apexnumber does as well. The prices are quite the ripoff:

• Standard – $250
• Bronze – $1,000
• Silver – $5,000
• Gold – $25,000
• Platinum – $100,000
• VIP – $250,000

Subpar Trading App

With this so-called broker, you get a basic WebTrader as the only platform. It’s not very feature-rich, as it only supports a basic TradingView chart with added buy/sell orders.

Cybercriminals pick their software based on two criteria. It has to be easily manipulated to show profits and losses on demand, and simple enough so that the traders don’t know when they’re being cheated.

Selection of Products

The illusion wouldn’t be complete if the clients weren’t able to trade anything. Of course, in this case, the trading is only smoke and mirrors since the company doesn’t have a license to access the markets.

Here are the asset groups we found in the app:

• Forex – EUR/USD, AUD/NZD, GBP/CHF
• Cryptocurrencies – BTC, ETH, LTC, XRP
• Stocks – BASF, J&J, Pepsico
• Commodities – Sugar, Cocoa, Platinum
• Indices – Dow Jones, Nasdaq, Nikkei

Semi-Transparent Pricing

Finance IG broker shares trading information only half transparently, with the charlatans purposely only discussing those aspects that are not related to the costs. For instance, we found that the leverage ranges from 1:10 to 1:100, and spreads from 1.8 pips to 0.1 pips depending on account tier.

The firm does not mention any fees or swaps, though. The commission is charged only on some of the most expensive account tiers, and is fixed at $4 per side. This completely undermines any low spread benefit.

Contradicting Payment Information

We’ve noticed that the company website offers many more payment channels than the client dashboard actually supports. This sort of false advertising is nothing unexpected with crooked platforms, though.

We found these options in the user area:

• Bank Cards – Visa, MasterCard
• Crypto wallet – USDT TRC20

Finance IG withdrawal allegedly supports several different cryptocurrencies and a bank wire option as well. The problem is – there is no payout policy, and the dashboard doesn’t feature automatic processing. This means that the conners can, and will, simply deny your request and leave you hanging.

Don’t Let Scammers Win! Contact Our Team!

After conducting a pretty thorough analysis, we can finally answer the question “Is Finance IG legit” with a resounding no. The company is not licensed, their trading environment is just for show, and there are no withdrawals.

If you are one of the thousands this dangerous clone firm has already deceived, contact our legal team. With our help, you may start a recovery procedure and get your money back. You can reach us at any time through live chat.

FAQ

Is Finance IG Legit?

No, this faux brokerage platform is attempting to exploit the popularity of another, legitimate entity. Do not invest with this illegal firm!

How Can I Recover The Stolen Funds?

Recovery is possible, but requires involvement of an expert. Book a free consultation with our team to learn more.

The internet is full of various confidence tricksters trying to pick your bones clean. While their deceptive strategies vary slightly from case to case, ultimately they all seek only to get inside your pockets.

This fake firm tries to impress an idea of legitimacy by showing a license issued by a non-existent regulator. See more on financial fraud and asset recovery in our JMP Capitals review.

 Lies About Registration

There’s so much to discuss regarding this broker’s legal status. Although they’re most definitely a faux company, it is important to clarify all doubts and debunk their lies.

The fake broker has nothing to do with the legitimate entity they claim to be affiliated with. JMP Capital Management Pte. Ltd. is legally registered in Singapore and is in no way connected to the fake JMP Capitals app for online trading. 

Also, the website states that the company we’re reviewing is registered with the Singaporean financial authority – MAS. These statements can’t be more unreal, as evident from the regulator’s database.

Finally, these charlatans impersonating financial advisors and investment professionals claim to be licensed by a fictitious authority called CADFIRA. Like several other financial watchdogs, BaFin also refers to this entity as one of the “non-existent authorities”.

Multiple Warnings

We’ve already proven that this business is just an online financial con scheme. What’s left is to list all of the warnings published by regulatory bodies from all over the world.

Their primary target is Canadian investors, which is why the firm was blacklisted by BCSC and CSA. This publication was later reposted by AFM and IOSCO, indicating that the miscreants were also preying on EU traders.

Please don’t forget that in order to trade safely and have access to negative balance insurance, controlled leverage and compensation options, you’ll have to invest on regulated platforms.

English Speaking Traders as Targets

Contrary to what these frauds claim about their alleged long-term business plans, the evidence speaks against them. You see, this domain has only been operating since some point in 2024. All of their talk about being long-time professionals in the Forex field is nothing but blatant lies.

What is evident, however, is that they’ve mostly been targeting traders from these nations, just like Wissix Trust Group:

• Canada
• Australia
• United Kingdom

If you suspect to be targeted for scam, make sure you contact us so we can act promptly to help you recover any funds lost to online investment schemes.

Phony Reviews

Desperate to appear legitimate and reliable, these swindlers have also resorted to buying positive reviews. The JMP Capitals reviews we found on Trustpilot, Reviews.io and Sitejabber are entirely falsified. 

This is a common scam strategy used to manipulate traders into thinking they would be investing with a trustworthy broker. Several of the negative opinions actually point out the company’s true state and accentuate its role as a money-extortion machine.

Simulated Trading

Many times before, we’ve discussed the risks involved in investing in counterfeit trading portals. This manipulated trading terminal is just another weapon in the huge scam arsenal. It is a tool that will mislead you into thinking that earning is possible.

You won’t be properly equipped to make educated decisions and enhance your strategies without advanced features and customization tools. That’s why we recommend you avoid these suspicious sites entirely, whatever they may promise.

Accounts: Priced Above Reason

Whatever JMP Capitals account you decide to buy, you will be promised world-class features and exceptional treatment. All of that is just lies and excuses to pump up the prices of the packages. 

It’s highly characteristic for unlicensed entities to promise a lot only to force their victims into depositing huge sums. These packages illustrate that perfectly:

• STANDARD – $250
• BRONZE – $2.500
• SILVER – $10.000
• GOLD – $100.000
• PLATINUM – $500.000
• VIP – $1.000.000

Trading Terms and Fees

Members with the JMP Capitals login can access the trading zone where the maximum available leverage is set at 1:100. 

Furthermore, the broker claims to apply a $0.65 per contract fee. However, it is also said that a $0.0 commission is charged for ETFs, options, and stocks, which doesn’t match the previous claim. All of this mumbo-jumbo makes you feel like the con artists are just pulling your leg for nothing.

There’s also a €25 and €50 fee for each bank transfer, plus an additional administration fee of 5% or 25 EUR/USD, in addition to the standard 5% withdrawal tax.

Withdrawal Difficulties

There are several funding methods supported on this server:

• Bank wire
• Card transfer
• Crypto

The majority of JMP Capitals withdrawal requests are declined, which means that you won’t be allowed to pull out your initial investment or cash in on any profits. After all, that is the main reason why this platform has been blacklisted many times before.

Best we can do for now is advise you not to invest at all, especially via less transparent channels like crypto. These transactions allow for the con artists to remain anonymous. In addition, sharing your credit card details can also leave you penniless, but at least you will still be able to request a chargeback.

Start Chargeback Today!

Staying vigilant and well informed will help you avoid financial cons like Fintexa and many others. But if you’ve already fallen for a suspicious online proposal, don’t panic.

Contact our legal advisors and we will guide you through the process of issuing a chargeback or tracing your stolen crypto assets. For more information, you can always contact our chat agents and book a free consultation.

FAQ Section

Is JMP Capitals a Legit Company?

This firm doesn’t resemble a legitimate entity in any way, shape or form. They’ve been blacklisted for scam multiple times.

I Got Scammed, How Can I Get My Money Back?

Recovering lost capital is possible with the help of our chargeback specialists. Please book a free consultation with the help of our chat agents.