Leading online trading organizations, who these charlatans claim to be, are actually nothing like unregulated brokerage platforms. All the claims about next-level security measures and unmatchable trading terms are blatant lies that this fraudster sells for a high price.

Pay attention to the details and how we unmask this dangerous illicit online trading firm in our Oct-500 review.

Nothing Legal About Lying Brokers

Security, integrity, trading assistance, and premium technology offered on this online trading portal are all a part of the sham. The company allegedly offering such attractive trading services is actually a nameless conduct with only lies to present instead of a valid license.

Despite claims about having offices all around the world, legal documents actually reveal the true location of the firm’s headquarters – St.Lucia. One certainly unfortunate condition of trading with brokers from this nation is that they can’t be regulated in their jurisdiction. That is because FSRA of St. Lucia, as of July 2023, doesn’t regulate securities market participants.

Since the firm doesn’t appear in registers of any other regulators, such as FCA, ASIC, NFA and CNMV, we have no other choice but to consider the Otc-500 broker a scam.

Number of Victims Increases

Although the scheme has been launched in March 2024, a significant number of victims has already been registered in:

• United Kingdom
• United States
• Canada
• Australia

The Otc-500 scam promotes their services to traders from the strictest areas in the world when it comes to regulatory standards. They do so with the help of scam agents who operate boiler room schemes. 

These individuals are extremely skilled in convincing unsuspecting victims to invest in proposals that promise quick profit. Victims are usually found on social networks, such as Instagram, where this fraudster has a very active profile.

Bought User Reviews

Less experienced Forex investors are often quick to believe false feedback, like the one detected in various Otc-500 reviews. That’s why this campaign pays for fake reviews to be posted all over the most popular sites, like Trustpilot, Sitejabber and Reviews.io. 

If you, however, pay attention to the negative comments, you will see users warning other traders not to trust this fraudulent platform and the lies stated in positive reviews. Honest comments actually report unsolicited phone calls and threats from boiler room agents.

Merciless Fees to Rob Customers

Fees applied by the Otc-500 platform are far higher than what their competition tends to charge. Besides standard fees, there’s heaps of other mandatory payments clients have to make.

For example, there’s a withdrawal fee of 3.5% with the maximum withdrawal commission being $3,500. Accounts that have been idle for longer than 60 days will have a $50 inactivity fee deducted from their total balance. Profit clearance fee ranges from $1.50 to $5 per trade, depending on the instrument. 

There’s also a monthly maintenance fee of $20, alongside a verification fee of $100 if the customer doesn’t confirm their identity in a matter of 30 days.

When it comes to basic trading parameters, maximum available leverage according to the website is 1:500, while spreads remain unclarified.

Lack of Advanced Tools

Rarely anything good at all could be said about the trading features found on this platform. From a rigged trading software used by countless other illicit firms to overly expensive accounts, nothing gives an impression of reliability. 

What additionally undermines the entire impression is the cost of the services. Are they worth the price? Keep reading this review and see for yourself.

Don’t Trust the Platform!

Advertised as user-friendly, intuitive, and comprehensive, the Otc-500 app leaves a completely wrong impression on the client. Forex novices will easily believe trading is easy, but once they see the crooked software, it only displays profit. 

While it quickly becomes evident to the experienced eye that the information shown is a part of the deception, beginners may not be perceptive enough. 

Only Several Asset Groups

Compared to thousands of instruments provided by reputable Forex dealers, this firm offers only several basic groups of products. However, it remains questionable if any trading takes place at all when the server is unlicensed. 

Here’s what financial products are listed as available:

• Currencies – EUR/USD, USD/GBP, USD/JPY
• Commodities – Coffee, Cotton, Sugar
• Indices – Dax, Dow Jones, Nikkei
• Shares – Amazon, 3M, AstraZeneca
• Crypto – ETH, LTC, SHIB

Investment Plans and Live Accounts

Whoever wishes to purchase an Otc-500 account first chooses between Standard and Advanced packages. Those that cost less only have basic options to offer. 

More expensive ones allegedly include features like guaranteed trades, market reports, and signals. The prices aren’t affordable, however:

Standard Accounts:

• Test Account – €250
• Silver – €5,000
• Gold – €10,000

Advanced:

• Platinum – €25,000
• Diamond – €50,000
• VIP Account – €100,000

Crypto Savings:

• USDT Savings – rewards up to 3% monthly
• Ethereum Savings – rewards up to 6% monthly
• Bitcoin Savings – rewards up to 10% monthly

Xpress Fund also offers mining and staking options yet ruthlessly steals all crypto investments.

Payout is Not an Option

The minimum amount that can be withdrawn from a live trading account is $50. When it comes to other Otc-500 withdrawal information, the user area displays confusing information. 

While deposits can be made in cryptocurrencies, only wire transfers are available for payouts. This is an example of severe negligence of the regulatory rules and AML measures. 

This information is enough to clear all our doubts about this broker’s predatory intentions. Please also beware of Dqsbit, a fraudulent trading site with a special affinity for crypto deposits.

Customer Support Doesn’t Respond

If you’ve already tried to sign up for a new Otc-500 login, you’re probably aware that the promised email with further instructions about account verification never arrives. That isn’t the only problem with the unresponsive client support office. 

When we tried to reach out to the support agents, no one cared about replying to the emails. So much for alleged 24/7 customer assistance!

Get Help With Fund Recovery!

Having difficulties getting your initial investment back from this unscrupulous trading domain? Worry not, help is always available. 

Our recovery specialists are extremely knowledgeable and experienced when it comes to chargeback procedures and legal issues. Book your free consultation with our chat agents and let us recover your lost capital swiftly and seamlessly.

FAQ Section

What is Otc-500?

The false brokerage platform belongs to an anonymous company that promotes fake online investment opportunities. If you have been sold this bogus service, contact us in order to get your money back.

Is Otc-500 Legit?

The broker dealer that runs the website doesn’t have a valid Forex license and is just another offshore fraudster.

Where is Otc-500 Located?

The firm claims to have offices in several locations around the world, but legal documents reveal the actual location of the company to be St.Lucia.

This broker tries its best to remain completely mysterious. Their fresh registration in 2022 doesn’t bring anything good. Especially once you realize that broker doesn’t reveal anything about themselves. But firstly, ownership information. Luckily, some institutions are still doing their job.

What are the facts that concern many traders you can find in this unbiased NYX trade review.

Is NYX trade a Regulated and Licensed Broker?

NYX trade trading company doesn’t reveal their origin country. Therefore you can only guess what laws they comply with. But if they wanted to do the business properly they would get a license. However, none of the Tier 1 regulators ever issued one to this scam company. Starting with FCA, BaFin and ASIC databases.

Now you can start questioning everything on their website. Especially security measures that they promote. Such as negative balance protection and high liquidity. Also, similar advertised features you can find in other companies. Thus, they all fail to deliver. Some of those you can find in our Atlantic Holdings and InvestThink review.

Primarily, the broker without regulation. Only shady web-based software is available. NYX trade earned a warning from Spanish CNMV. 80% of negative reviews.

Warning Issued by Financial Authorities

If this broker did a proper job they wouldn’t get a warning. However, Spanish CNMV issued in February 2023 public statement about this company.

With this in mind, you have a confirmation that anything this broker says is fraudulent. Their goal is just to extract money from traders and vanish. Which mostly happens once the broker gets multiple warnings.

https://www.fsma.be/en/apricus-group-llc-httpsnyxtradeco

The Opinions of Traders On About NYX trade

Another confirmation of this illicit scam is NYX trade reviews. In fact, there are 35 comments on Trustpilot. Believe it or not, 80% of them are with the lowest rating.

Generally speaking, everyone talks about the same thing. Losing all of their savings with this malicious trading company.

NYX trade Platforms – A Software Comparison

With a shady broker comes a shady platform. NYX trade broker offers only web-based software. It allows traders to use only basic tools and features. But some advanced trading methods are not available.

That’s why many traders these days prefer Meta Trader. Or even cTrader. Such platforms are becoming a trading standard. Primarily due to high reliability. But also because of transparency and trusted mobile apps. On top of that, if the broker is licensed it’s a win-win situation.

         What Financial Instruments Does The Platform Include?

Trading instruments are irrelevant if the broker is fraudulent. Especially if the broker manipulates the platform. This might be the case with this web trader.

However, traders have different options starting with:

• Forex                        USD/HUF, AUD/HKD, NZD/NOK
• Commodities            natural gas, gold, platinum
• Indices                      DAX 30, FTSE 100, Nikkei 225
• Shares                      American Airlines, General Motors, Netflix
• Cryptocurrencies       BTC, XRM, XRP, ADA

NYX trade Countries Of Service

If you find any NYX trade review you can find their scamming pattern. They are mainly scamming traders from:

• Italy
• Austria
• Spain
• United Kingdom
• Switzerland

Important to realize is that many of these countries are strictly regulated. Thus, this broker doesn’t have any regulations. Firstly, starting with a rigorous FCA license. Which is the most reliable in Europe.

Account Options Offered by NYX trade

Account types are designed to promote certain trading benefits. However, to get those traders must deposit more money. But with scam brokers that works differently.

That just gives them the advantage to ask for bigger deposits. Anyway, traders can choose between:

• Basic            $250             Welcome bonus of 15%
• Advanced     $2.000          Welcome bonus of 20%
• Islamic          $3.500          Welcome bonus of 25%
• Premium       $25.000 Welcome bonus of 30%

Important to realize is that all countries where this broker operates have banned bonuses. Primarily due to fraudulent policies.

         Can a Trader Use a Demo Account?

Another sign of a scam broker is the lack of a demo account. This way broker prevents traders to discover their flaws. Starting with the poor trading platform.

But also through non-competitive trading conditions. Sometimes even worse, completely fake conditions.

Terms of Service for NYX trade

As for funding methods, this broker accepts:

• Card transfers
• Wire/Bank transfers
• e-Wallets

All transactions are processed instantly and the broker doesn’t mention any fees. But what concerns is a withdrawal policy. They don’t state what methods are available for withdrawals. However, the withdrawal policy discovers a shocking truth. As expected this broker has certain rules.

Firstly, they may ask you for additional documents. Secondly, they can deduct processing fees. In fact, the amount is unknown, but it’s taken from the amount required for a withdrawal. Lastly, they have a policy where if you accept the bonus you must trade 25x times bigger volume (deposit + bonus). Only after that, you can request a withdrawal.

         Leverage, Spreads and Fees

We already saw many red flags about this scam broker. Another is leverage. All EU regulators limit leverage to 1:30 for retail customers. However, this broker provides shamelessly high leverage of up to 1:500.

With spreads from 0.0 pips on some accounts they are below the average. But if that’s what you get in reality is under question. Lastly, the broker doesn’t reveal any trading or non-trading fees. This is extremely suspicious because legit brokers earn money that way.

What Should I Do If I Have NYX trade Problem?

If you were scammed by this broker don’t hesitate to share your story. Since they are not regulated you can’t seek solutions in some institutions. But there is still a way to recover your money.

Our specialized fund recovery team works on these cases for years. Whether it’s an encrypted crypto transfer or card transfer, you can get your money.

Card transfers are the easiest to recover. Chargeback is a powerful tool that every scammer hates. On top of that, our team has CipherTrace software to track crypto transfers. It’s hard to withdraw money from non-verified wallet. But these procedures are time-limited. So, don’t waste time and contact us today!

What Is NYX trade?

NYX trade is a malicious trading company targeting traders mainly coming from Europe.

Is NYX trade a Regulated Broker?

No. The broker doesn’t have any regulations, especially not Tier 1 like FCA.

Is NYX trade Available in the United States or the UK?

NYX trade activities are recognized in the UK, but not in the US.

Does NYX trade Offer a Demo Account?

No. The only way to trade on their platform is with real money.

Generally, the company doesn’t reveal ownership and address details transparent. Therefore, we had to do a little digging in T&Cs to find out. It appears this company operates under the ownership of Simple Swap Ltd. A company registered in the Cayman Islands.

What a nice place for an anonymous crypto exchange company. You already have a hint if you can trust this firm or not. But keep reading our unbiased Simple Swap review to find out all potential problems.

Legal Info: Is SimpleSwap Legit Or A Scam?

Even though the company might appear as trusted due to mobile app advertisements, a huge number of monthly registrations, and trading volume, there’s one thing missing. Unfortunately, this crypto exchange doesn’t have any Digital Asset Service Provider licenses.

Even though they claim to be a decentralized exchange, it appears they offer combined services. Or, possibly, it’s all a lie like everything else. We are about to see that through Simple Swap reviews.

Who Are SimpleSwap’s Victims?

At least one thing appears to be reliable with SimpleSwap crypto exchange. That’s their registration date in 2018. Since then, they have been mainly offering services to traders from: 

• United States
• United Kingdom
• Canada
• Germany
• India

Yet, almost all mentioned countries have a far more trusted alternative to this exchange. But if you are somehow stuck with this exchange or potentially with another scam exchange, Atomic Wallet, feel free to contact us for refund assistance.

Traders Reviews

One of the key warning signs with any company is reviews. In this case, we can see that almost 30% of the comments on Sitejabber include some complaints. Some traders report issues with the company holding their money until favorable market conditions are met. On the other hand, some can’t get any of the funds out. All in all, these are not good signs. 

On top of that, there are more similar statements on the Reddit platform. If you recognize your situation in any of these comments, feel free to send us a message and book your consultation with our refund team.

Investment Costs With SimpleSwap

Important to realize is that the Simple Swap exchange doesn’t reveal what maker and take fees traders can expect. Yet, again, digging brings some results. Service fees of 1% will be charged for every transfer on the amount ordered for trade.

Thus, all these fees might be changed without prior notice. There you go, they can remove everything from your wallet and tell you it’s because of the fees. Another unregulated firm you should watch out for is analyzed in our BitKan review.

Bonuses

In general, bonus deals are not very common with crypto exchanges. Yet, when some new coins come out, traders might get some extra bonuses as motivation to purchase new coins. All in all, bonus funds are not as good as traders might think.

SimpleSwap Trading Features

Overall, none of the features this company offers can be considered advanced. In fact, it’s just a basic exchange platform without any charting or analytical options. On top of that, there are irregularities with the company’s app.

Trading Platform Available

As can be seen, the company is advertising the SimpleSwap app for iOS and Android devices. They even provide links to trusted PlayStore and AppStore. However, none of the links work. Neither the app is listed in those apps whatsoever. Instead, you are downloading their suspicious app directly from the company’s website. Besides the mobile app, traders can also exchange cryptos directly on the website.

Available Trading Assets

At least there’s one positive thing about this company. That’s instrument availability. There are numerous options available for traders on the SimpleSwap exchange. Sadly, without regulations, it’s hard to trust any of those. Anyway, some less popular options are: 

• MATIC
• HIVE
• ASTR and approximately 1.000 more

Account Types

Usually, customers can get fairly better trading conditions if they trade more on average. Thus, with this company, that’s not the case. Neither does this exchange reveal what the deposit requirements are to get started. All in all, too many unclear things.

Demo Account

As can be seen, the SimpleSwap crypto exchange doesn’t offer transparent insight into the platform. That’s the first step for checking the company’s features. Another would be a demo account, yet those are less common with crypto exchanges.

Education

For educational purposes, the company offers blog posts and videos. Indeed, these might help traders understand crypto better. Still, we would always recommend traders choose more trusted companies to invest their money with.

SimpleSwap Withdrawal

Important to realize is that the withdrawal policy with this company practically doesn’t exist. Neither does the company reveal withdrawal processing time or fees. With this in mind, we can trust those SimpleSwap Reddit comments a bit more.  Ultimately, if the company is not transparent about important topics, is there a reason to trust them?

Customer Support

Another key issue with this company is the lack of quick-response contact options. Only a few email addresses and web contact forms are available. 

However, you can request to join their encrypted Telegram group for potentially faster responses. In any case, working hours are not disclosed, and you should be prepared for your nerves.

Key Information To Consider About SimpleSwap

With unregulated exchanges, everything is suspicious. But the most concerning facts are missing licenses and untrusted mobile apps. After all, those negative reviews wouldn’t be written without a reason.

If you have your crypto stuck with this company, don’t lose hope. Even though crypto transfers are designed to be anonymous and irreversible, there’s an option to track your stolen crypto. It requires the magic of the CipherTrace tool. To get started with the refund process today, feel free to contact our refund team.

FAQ Section

What is SimpleSwap?

SimpleSwap is a shady offshore crypto exchange offering investment services since 2018.

How Much Does SimpleSwap Charge?

For all transfers, the company will charge 1% of the ordered amount. But those fees can always be changed without prior notice.

What is CipherTrace?

CipherTrace is a software tool that allows institutions to track crypto transfers and prevent money laundering. Also, it helps with the recovery process. For more details, contact us.

Read our in-depth IQ Option review and find out everything about this broker. Is IQ Option regulated? Where is it based? What is leverage? How can you deposit? All this and much more find out in our review.

Regulation and Security

IQ Option is a broker owned by IQOPTION Ltd. The company is registered in Saint Vincent and the Grenadines. The broker has no regulation for its work. However, the company seems to be offering its services to countries all around the globe.

The company claims to follow AML policy. However, when we tried to find out more about funds security, we were unable to. Nowhere is listed where the funds are held. 

We find the company slightly untransparent when it comes to key information. After we found that it is not transparent and not regulated, we can only conclude that this broker is not safe to trade with.

In which countries does this broker work?

The broker is operating all around the world except for the US. No matter if you are a resident of Australia, Europe, Africa, you can trade with this broker. But yet, the broker has no regulation whatsoever, so you have to be very careful when starting the account with it. The company offers support in 15 different languages, including Russian, Italian, Malay, etc.

We advise you to be very careful when opening an account with this broker since it has no regulation.

Can You Really Make Money With IQ Option?

IQ Option is a binary options broker, with a decent offer of CFDs. It is possible to make money with this broker if you have experience in the financial market. The broker is offering a solid range of educational features for inexperienced traders. 

The company doesn’t have a guaranteed Stop Loss feature or One-click execution that makes it faster and safer for traders. Also, this broker is a Market Maker, which means it can change prices according to its free will. 

However, the problem with most unregulated brokers is not to make the money. It’s to withdraw the money. And this is where we are lacking information about IQ Option broker.

Deposit & Withdrawal

The minimum deposit with this broker is 10$. It can be made via debit/credit card and E-wallets. There is no commission for deposits, and the funds are in the account within a few minutes. 

When it comes to withdrawals, the company is charging 2% from the amount, limited up to 30 USD/EUR per withdrawal. The minimum amount for withdrawal is 2 USD. It can be done via debit/credit card, wire transfer, and E-wallets. It is stated that withdrawals take up to 3 business days. Yet, if you read the disclaimer, withdrawals to your card can take up to 21 days. And if you read the terms & conditions, it is stated that wire transfer can take up to 45 days. Seems that the more you are reading, the longer it takes for your money to be processed.

Also, the company is keeping the right to offer you only some of the payment methods, depending on the level of verification of your account and the country you are coming from.

Yet, there is no certainty for withdrawals with this broker, since it is not regulated. We recommend you look for a broker regulated by major regulatory bodies.

Is my money safe with IQ Option?

Nowhere in IQ Option terms and conditions, we were not able to find where the funds are held. Are they segregated from the company’s funds as they should be? In which banks are they kept? No answer. The only thing we got – the company is strictly following AML policy.

Based on the lack of information, we cannot guarantee that your funds are safe with this broker. If you lose the money, there is no regulatory body that you can go to. We do not recommend keeping your funds with this broker, because it is not legit.

Scammed by IQ Option? What to do?

If you have any complaints about this broker, or you got scammed by IQ Option, contact us immediately. We can help you request a chargeback and get your money back, as of today. Get in touch with us now!

Is IQ Option a good broker?

IQ Option is an offshore broker without a license. We cannot say that it’s a good broker based on this.

Is IQ Option A Scam?

This broker is based in Saint Vincent and the Grenadines. Also, has no regulation by any regulatory body. We advise you not to open an account with IQ Option.

Is IQ Option regulated?

No. The broker is based in an offshore country and not regulated.

Where is IQ Option broker based?

The broker is based in Saint Vincent and the Grenadines.

Is IQ Option a legit online broker?

IQ Option is an unregulated offshore broker. Based on this, we cannot say that it’s legit. Make sure to check if it is permitted in your country

Does IQ Option give real money?

IQ Option is a broker that gives traders a chance to make money. A different question is if you can withdraw that profit. There are no guarantees since the broker is not regulated.

This is an offshore company, based in Dominica under the name Seabreeze Partners LTD. There are multiple trading companies under this name. Of course, same kind. Apparently, they are offering trading services to people from Germany, Poland, Italy, Switzerland and the United Kingdom.

They are targeting rich countries. We will present you in this IGFB review why not trade with IGFB Broker.

In addition to the above, we strongly advise you not to invest in ViaMarketsGo, TGKK Limited and Antares Trade fraudulent brokers.

Does IGFB Broker Engage In Fraud?

A company that doesn’t have any regulations is always suspicious. Through our IGFB trading review, we found that they are doing a very good job of hiding their downsides.

The company doesn’t present leverage given for any asset on its platform. Since companies that are regulated need to have very low leverage, that’s where the trick is. Hide it until they register.

IGFB doesn’t have any regulations or any credibility. They’re based in Dominica, which is not a very shiny country for trading.

Arguments For Trading With a Licensed Broker

Licensed brokers will give you straightforward terms and conditions. Some are even giving options for micro accounts, where you can test everything out. 

Another huge benefit is security. Licensed brokers are segregating clients’ funds from company funds. They give you negative balance protection and many more.

When it comes to licensing, we always suggest you look for Tier 1 regulations, such as BaFin, ASIC or FCA. Unfortunately, we couldn’t find any records of the IGFB broker in their register. Only warnings!

Financial Regulators’ Warnings as a Red Flag of a Scam

FCA, one of the most trusted regulators in the trading industry has issued a warning against IGFB trading. If you were even thinking to deposit here after this you will change your mind.

Besides FCA, there is as well CONSOB that is issuing warnings against this company. So many red flags all over the place.

Trader’s Reviews of IGFB

We wanted as well to see other traders’ opinions. Analyzing IGFB reviews, we found that more than 90% of people were complaining about this company.  

Around 15 comments were in English that were all rated 1-star. Every single person went through a rip-off. Not to mention another 40 comments that were in German.

IGFB Provides Which Platforms? – Trading Software

There are so many companies that are offering AI technology doing trading for them. Ask yourself, why do they need your money to do that? They don’t. So the logic is to lure you into putting as much as possible in these systems that are making money for you.

It would be great if such things are working. However, IGFB web trader is offering only limited TA tools and nothing specific that would intrigue you to start trading with them.

Mobile App For IOS and Android Devices

Besides web-trader, a mobile version is available as well. It can be used on iOS and Android devices.

However, the legitimacy of these programs is questionable. Many programs like this, that we have seen before, were manipulated. The goal is to make you believe that you are making money when you are not.

IGFB Trading Instruments

IGFB offers its clients 4 different trading classes:

• Forex – USD/JPY, USD/GBP, AUD/CAD
• Commodities – Crude Oil, Gold, Silver
• Indices – DAX30, S&P 500, FTSE 100
• Stocks – BMW, Tesla, Pfizer

Even though assets are competitive, their conditions are speculative.

IGFB Fraud Risk Zones – Service Countries

Through IGFB reviews we found that they are scamming traders from:

• Germany
• Italy
• Poland
• Switzerland
• United Kingdom

Companies are often trying to reach out to rich countries. It is not excluded that they are offering services as well to countries like Australia or Canada. Wherever you are, this company is not regulated. Therefore we would never suggest you trade with them.

On top of that, we seriously recommend you not to invest in the fake brokers BN93, TigersFM, and UF Solution. Do not trade with these unlicensed brokers if you want to save your money!

Different Types of IGFB Brokerage Accounts

There are 4 different account types available:

• Basic – 250$
• Standard – 5000$
• Premium – 25000$
• Pro – 50000$

With a basic account, you don’t get any assistance practically. What you get are additional bonuses. Those are not allowed according to Tier 1 Regulations. That’s why we trust only FCA, BaFin or ASIC.

Access to a Free Demo Account

Demo accounts are unfortunately not available. Any company that is doing its business legitimately often offers the option to try its services.

Whether it’s a micro account with 10$ investment, that can’t hurt you. Or a Demo account with virtual funds. Anyway, this IGFB review tells you they are hiding something.

IGFB Terms and Conditions 

There are no specified T&C. When it comes to additional fees and charges, we couldn’t find anything. Since the IGFB is not a regulated company, you can expect some T&C to be made up along the way.

Leverages are not disclosed. They are dangerous anyway, but if the company offers you anything above 1:50 you should reconsider investing with them. Spreads are not disclosed as well.

So, your only solution is to register and try your luck with them. Honestly, we would never gamble with a company like this.

IGFB Broker Scammed You? – Please Tell Us Your Story

If you want to keep other people away from these bogus scammers, share your story.

That is the only way how we can know if someone is legit or not. Comments could be bought as well. Therefore if you were scammed let us know what happened.

Our experts could help you with your first move to get funds back.

What Is the Chargeback Procedure?

It is a reversed transaction when you are using a Credit/Debit card. The most trusted providers are Visa and Master card. They are experts in that field so they know how to reverse any transaction in case of a scam.

Unluckily we need to provide them with some information to make that happen.

To get assistance and help with the first step, reach our expert team today!

What Is IGFB?

It is a non-licensed offshore broker based in the Commonwealth of Dominica.

Is IGFB a Scam Broker?

Definitely. They don’t provide its clients with any security in terms of licensing or regulations.

Is IGFB Available in the United States or the UK?

IGFB only offers its services to UK clients. US clients are not accepted. Most probably due to security reasons.

Does IGFB Offer a Demo Account?

Unfortunately, no. They only provide you with real trading accounts, where you need to put money straight away.

Lionetix Broker offers different options in cryptocurrency trading. The company operates from Poland, and for its customer service number, there is a UK number.

Since cryptocurrencies are not regulated it is very tricky to understand should a company has a license or not. Lionetix Broker doesn’t offer any specific trading conditions.

So, the only solution to get more information is to register and become harassed by their agents. And this Lionetix review will show it.

How Unsafe Is Lionetix a Broker?

Any cryptocurrency investment is unsafe these days. Especially with companies that don’t have any licenses. People don’t understand it, but they just believe they will be lucky enough.

Even before watching Lionetix reviews, we could get the conclusion that this is a complete scam. But after that, we got many confirmations.

The company is selling you different investment opportunities. From holding crypto, trading it or even doing an arbitrage. Those are all tricks, that combined are very powerful when people are greedy.

Summary: Lionetix reviews show mostly negative experiences from clients. Besides, they operate from Poland without valid regulationsl.

Arguments For Trading With a Licensed Broker

Licensed brokers are offering some stability and integrity. When there is a government body that is watching your every move, you are not doing anything shady. Otherwise, you can lose a business.

That’s why we are always looking for Tier 1 regulations. Some of a kind are FCA, BaFin and ASIC. We were hoping that this company offers some licensing, but going through the databases we couldn’t find any records of Lionetix trading.

Financial Regulators’ Warnings as a Red Flag of a Scam

Once you get a warning from a regulatory body, the game is over. You are just getting blacklisted by more and more regulators. We found a warning from FMA – New Zealand:

It is just a matter of time when will other regulators issue similar warnings. Even after these warnings, people get caught. Don’t be one of those and follow your instincts.

Trader’s Reviews of Lionetix

As we mentioned earlier, Lionetix reviews don’t bring anything good. We checked first one of the most trusted websites for user-experience feedback – TrustPilot. More than 50% of comments, a total number of 26, at the moment of writing were rated 1-star.

All of them are saying the same thing – SCAM!  People exactly explain how they lost money with Lionetix broker. We just hope that you will do your research before you put any money here.

Lionetix Provides Which Platforms? – Trading Software

This part stays uncertain. The company doesn’t offer any specific platform for watching the market. What they offer are external crypto wallets that should be used for stacking and trading cryptos.

That is exactly where they try to lure you into believing that they are legitimate.

Some crypto wallets are trusted. But to open them, you don’t need a Lionetix broker.

Copy Trading

Copy trading is a useful thing in the trading world when you are using trusted brokers. You can watch other professionals and match their trades. It can be a very powerful thing, but only when you know whom to watch.

Lionetix offers that option to its clients. But is it really the case? There is nobody to watch when you don’t have any platform available or access to other people’s trades.

Staking

People are doing staking since they heard about cryptocurrencies. You buy as much as you can and you hold it for a certain period with interest.

After that, you should be able to withdraw that profits. This is not the case with Lionetix trading. What is even worse is that this company offers high ROI.  You can’t promise profits when it depends on the market!

Buy Crypto

Here they are selling you a story about the potential of some cryptocurrency. Like it happened with DogeCoin for some time. Yes, people made money. They were at the right place at the right time. But nobody was telling them what to do.

Another trick is arbitrage. That is in theory very good and safe option for trading. Risks are minimized and if you know what you are doing could be profitable. But not with Lionetix!

Lionetix Trading Instruments

Lionetix only offers cryptocurrency investments. These are the most volatile ones. Yes, they bring a lot of profits but a lot of risks as well. Some of those are Bitcoin, Bitcoin Cash, Cardano, Ethereum, Litecoin and more.

Lionetix Fraud Risk

Zones – Service Countries

According to the FMA warning and other Lionetix reviews, the company is targeting countries like:

• New Zealand

• Australia

• UAE

• Sweden

It’s not excluded that some other countries are victims of this scam. You can always share your experience so that people can hear other stories. Only united, we can prevent these scammers from ripping-off people.

Different Types of Lionetix Brokerage Accounts

Unfortunately, there is no information about account types. You will have the freedom to invest as much as you can. After you get that first hard sales call, be careful in handing your money over. These guys know how to sell stories, but you need to be smarter.

Access to a Free Demo Account

Even though Demo accounts are designed for people to familiarize themselves with a platform, we never suggest it. It is not good because you are trading with virtual funds. But even that option is not available with Lionetix trading, like many others that are necessary.

That’s why we would always suggest you open a micro account with a licensed company.

Lionetix Terms and Conditions

Lionetix T&C is still a mystery. They don’t provide clients with any information about trading and investing conditions. They just present what are they doing. That is now not even speculative anymore. After the Lionetix review, we hope that clients will realize that they should stay away from this.

Spreads & Commission

Since the company suggests opening external wallets, all conditions depend on the wallet that you are using. That’s why they haven’t disclosed any information on their website. That’s the difference between licensed and non-licensed companies.

The licensed company is obligated to provide you with detailed information about the conditions.

Lionetix Broker Scammed You? – Please Tell Us Your Story

The only way to stop people from investing here is if they hear other stories. Let us know if you were caught by this scam. Details are important and don’t miss out on anything.

If you were scammed in the last 540 days, you still have a solution to get your money back. Get back to us today!

What Is the Chargeback Procedure?

It’s a simple banking procedure for money reversal. Usually, it’s an adequate option when you are using a Debit/Credit card. Mostly clients file a request, but it can be from the merchant directly.

If you need assistance, contact us now!

FAQ Lionetix Broker

What Is Lionetix?

Lionetix is a non-licensed cryptocurrency brokerage company. Operating from Poland they don’t give some integrity to clients.

Is Lionetix a Scam Broker?

Yes, clearly. There is no regulatory body controlling them. They only trade with cryptos and there is no available trading platform.

Is Lionetix Available in the United States or the UK?

It is not confirmed if they are trading with any of these countries since they have a high level of regulations.

Does Lionetix Offer a Demo Account?

Not only that they don’t offer a demo account, but not even have live account types.

Monstrade company operates from North Macedonia. There are two entities mentioned as the owners. Those are Monstrade Global Ltd and Monstrade Dooel Skopje. But none of them officially registered.

Therefore, you have already the first warning sign. But there are many more in this Monstrade review. Stay tuned to keep your money safe.

Legal Info: Is Monstrade Legit Or A Scam?

In the first place, none of the mentioned owners is not licensed by NBRNM (National Bank). Not only that, but it seems that they provide services to UK traders. Yet, without any Tier 1 licenses, especially FCA, but also without BaFin or ASIC.

Consequently, all the safety measures with this broker become questionable. Also, there is a scam report from Finacom (a self-regulatory body from Hong Kong).

Who Are Monstrade’s Clients?

According to who.is, Monstrade registered its domain in 2021. But they very quickly advertised their services worldwide. Thus, most of their scammed traders come from: 

• Sweden
• Turkiye
• Indonesia
• Finland
• Belgium

Let us know about your experience with this broker. But if you need detailed refund advice you can book a consultation with our experts.

Traders Experience

As can be seen, there are only 11 comments on Trustpilot. And already almost 20% of negative ones. But we truly believe that all other positive ones are fake. Simply because those are coming from UK traders and we know that this company is not licensed for that. If you got scammed by this broker, leave us a message.

Investment Costs With Monstrade

One of the key facts that determine which broker you choose is the costs. It’s pointless to trade if the broker is going to rip you off with commissions. In the case of monstrade.com, all the costs remain unknown.

Which just adds up more suspicion on top of all. Understanding the investment costs can be crucial and that’s why you should read our Investo Capital FX review.

Bonuses

Monstrade Forex broker offers a variety of bonuses. There is also a deposit bonus of up to $5.000. But also there are monthly bonuses for existing traders. Yet, Monstrade FX bonus policy is quite unclear and doesn’t reveal any withdrawal conditions.

Monstrade Trading Features

Practically, the only thing that this broker claims to offer is MT5. Thus, it seems that they only offer a web-based platform instead. Simply, every download option leads first to registration.

Is Monstrade Legit?

Not even in a dream. The company is completely anonymous and unregulated. Not to mention mystified trading conditions and trading costs. Who with common sense would deposit with such a broker? Only the ones under pressure don’t do the due diligence.

Available Trading Assets

According to the company, they offer more than 500 tradeable assets. But that might be all fake, like the whole company. Anyway, potentially available options are: 

• Currency pairs – USD/EUR, GBP/JPY
• Commodities – gold, silver
• Indices – ASX200, CAC40
• Shares – Microsoft, McDonald’s
• Cryptocurrencies – BTC, ETH

Account Types

As for the Monstrade account types, clients can choose between 3 live options. Thus, it’s very strange that all 3 accounts have the same conditions. Anyway, you can start with $100 on all three of these: 

• Classic
• Prime
• ECN

Mobile Trading App

Allegedly, there are iOS and Android apps available. Indeed, MT5 is listed in stores. However, that doesn’t mean that you will get login credentials from this broker. Instead, you’ll be provided with a basic web-trader.

Demo Account

The monstrade demo account is another suspicious offer. Same as with a real account, you must register first. Which is fine if the broker really offers MT5. But if that’s just a trick to get your contact details, we wouldn’t check. But even through a demo account, you can check real Monstrade spreads.

Education

Another key fact is quite poor educational package. In fact, they only offer 4 video tutorials. But if you were expecting live sessions or something more, forget it.

Monstrade Withdrawal

Important to realize is that the company doesn’t have a transparent withdrawal policy. Neither do they have clear funding options. All that combined with missing regulations and zero funds protection, can easily lead you to losing all of your funds. That’s we we encourage you to read more of our articles, for example, Interactive Trading review.

Customer Support

Nowadays customer services plays almost a key role in the trading world. There’s no use of a company if they are not helpful. Therefore,  Monstrade took care of it. They offer Telegram, phone line, e-mail and web form 24/5. But don’t be so sure about their response if you are looking for a withdrawal.

Key Information To Consider About Monstrade?

Firstly, you should be aware of the Monstrade promotions that are clearly fake. Without a valid trading license, they shouldn’t provide services anywhere. After all, Monstrade online trading broker doesn’t reveal any investment costs whatsoever. Therefore, you are entering the unknown territory. Instead, you can choose more transparent Tier 1 licensed brokers.

But to do that, you have to get your money back first. For that reason, we suggest you contact our experts. The first meeting is free and you don’t have any obligations. So, get in touch as soon as possible.

FAQ Section

What is Monstrade?

Monstrade is a North Macedonian FX and CFD broker registered in 2021 and currently is targeting mainly Europe.

Is Monstrade a Legitimate Company to Trade With?

No. The company operates without valid trading licenses. After inevitable withdrawal issues, you can contact our refund team for assistance.

What Are Monstrade’s Account Types?

There are 3 choices: Classic, Prime and ECN account. But their presentation shows that all accounts give to traders the same conditions.

Sometimes, especially if you’re a Forex newcomer, it’s hard to tell the difference between a reputable platform and a fraudulent online trading firm. 

These charlatans claim to be the best choice in the trading industry for many years in a row. In addition, they don’t refrain from lying about their online reputation and regulations, as well.

Not everyone is easily deceived, however, and several authorities have already publicly exposed them for scam. Read the entirety of this Corpteck review to learn how the swindlers operate and how to protect yourself.

Lies Debunked

The Corpteck scam wants to impress you with their claims about being so long on the markets that they’ve established a user base that consists of millions of daily traders. Allegedly operating out of Switzerland, it is a little strange for such a conduct to be under the exclusive jurisdiction of Estonian courts, as legal papers clarify. 

What is certain is that the firm is not regulated by FINMA, or any other regulatory authority, including the premium ones like FCA, CySEC, CNMV and ASIC. In reality, this fraudulent platform is actually blacklisted by CBR (Russia) and LB (Lithuania).

This one, and other blacklisted entities like Axaforex will surely not provide segregation of funds, compensation options or risk-reducing measures, so better stay away.

Boiler Rooms Explained

There are several different methods by which fraudulent companies reach their marks. This particular fraud operates a scam call center, much like the one behind the X-F24 scam.

The website itself serves as a framework through which the cash may flow into the fraudsters’ pockets. It was launched in December 2023, targeting people from these nations:

• Germany
• Lithuania
• Estonia
• Netherlands

Boiler room agents are the ones doing the calling. Usually, they claim to be experts from an industry leading firm, and that they seek investors for once in a lifetime opportunity.

Agents pressure the victims into making an emotional decision, rather than a rational one. After the first deposit is made, they will keep coming back seeking more money for one reason or another. Recovering the money becomes more difficult by the day, so contact our experts as soon as possible.

Known Fraudulent Platform

The web is packed to the brim with various Corpteck reviews posted as online warnings, very little of this information comes directly from the users. Currently, there is only a single comment on the Reviews.io platform, but it doesn’t go in much depth.

In contrast, there is a full blown Corpteck Reddit discussion, where people have come together to share their experiences. It shows just how adaptive these tricksters can be, with one Redditor being deceived out of tens of thousands of US dollars.

Numerous Fees Unrevealed

By creating a Corpteck login and becoming a client, you agree to legal conditions the broker enforces. Some of these are accepting to pay all handling fees, payout taxes, dormant account charges, processing fees and other costs. None of these are revealed, except for the inactivity fee of 10% charged monthly after 6 months of not trading on a particular account.

Another aspect kept in secret are trading conditions and commissions. For example, leverage remains unknown, as do spreads and other trading costs. Transparency, or the lack of it, is always a red flag.

Is the Risk Justified?

If this broker was actually a regulated Forex provider with a genuine approach and fair trading ecosystem, we’d definitely encourage you to go ahead and invest. 

However, this platform is nothing but a bogus trading environment built in a way that will rob you of your last penny. Therefore, please be wise and do not agree to anything they promise and sell for an unreasonable price.

Mysterious Software

Heavy advertising of the Corpteck app will surely have you believe it is some sort of a technological wonder in the form of a web trading portal. As soon as you access it, however, all you will find is disappointment and failure. 

This rudimentary software doesn’t feature a single progressive tool or option to support you in making educated decisions on the market. It is just another manipulated web platform that takes central place in the scam process.

Markets Traded

Looking at the trading instruments available inside the Corpteck platform, we couldn’t find anything particularly interesting. There are just a several standard asset groups:

• Forex – EUR/CHF, EUR/USD, EUR/NZD
• Commodities – Sugar, Corn, Cotton
• Crypto – ETH, LTC, BCH
• Indices – Nasdaq, Nikkei, FTSE
• Metals – Gold, Silver, Platinum
• Stocks – 3M, Caterpillar, Mercedes Benz

Tiered Accounts Betray the Scheme

The con scheme uses so-called tiered accounts, where the pricier Corpteck account allegedly includes more features like auto trading. In reality there is no trading, and all these do is justify further expenses.

Have a look at these price ranges:

• Solo – 250€
• Trial Premium – 1,000€
• Premium – 3,000€
• Ultra – 10,000€
• Black – On demand

Peculiar Withdrawal Terms

The deposit and withdrawal policy on this site doesn’t explain the most crucial elements of the funding and payout process. There are several suspicious statements about the company charging various fees and imposing a trading volume requirement on account accepting bonuses. 

This stands as a single statement hidden among blocks of useless text to conceal the true circumstances. Plus, the website doesn’t even mention bonuses anywhere else. 

The only payment method available seems to be credit cards, while the processing time is usually between 2 and 5 business days, but that remains unconfirmed, as well.

Non-existent Help Desk

Unfortunately, we couldn’t contact the customer service. The available channels for electronic communication, phone and email, simply do not work. This is all by design.

It allows the company agents to contact the victims any time they like, but the communication is one-way only. The swindlers don’t have time to deal with Corpteck complaints after all – they have new marks to hustle.

We Can Help You Get Your Money Back

This would-be forex broker is a confirmed online fraud. We strongly advise against investing any money with this trading platform.

If you have already deposited funds, stop sending any more money and book a consultation with our legal experts. Let us work together at recovering your stolen cash – we are available 24/7 for your convenience.

FAQ Section

What is Corpteck?

Corpteck is a fake Forex dealer, blacklisted by CBR and LB.

Is Corpteck Legit?

No, the company is completely illegal, and has been placed on a number of regulatory blacklists. For help recovering the money from this scam, contact our expert team.

Where is Corpteck Located?

The swindlers claim to have a company established in Switzerland, but this is a complete lie.

Reviewing the TradeSmart1 broker was definitely not an easy task. With so much opposite information and so many false claims, we needed to determine what to present to you and how to deliver it. Read our final version of the TradeSmart1 review, and you will see for yourself why investing funds with this trading firm is not smart.

What About TradeSmart1 Regulation?

When you visit the broker’s website, the first thing you notice is that it’s located in Cyprus. Therefore, you’re concluding it has to be regulated and legit. Furthermore, the alleged owner is Trade Smart 1, based in London. Here we come to an issue. The company is allegedly regulated by the House of Companies. However, this is just a register of companies based in the UK, not a regulator.

To have a license, the company must contact FCA and obtain one. The final red flag was the statement that governing law is the law of the Commonwealth of Dominica. 

Based on everything, we can conclude that the broker is most likely offshore, pretending to be legit and luring the EU clients this way. Beware of the TradeSmart1 trading scam.

In addition to the above, we strongly advise you not to invest in DeltaStream, DeliTraders and OBRinvest fraudulent brokers.

TradeSmart1 Withdrawal Issues

Of course, when everything is shady, as’s the case with TradeSmart1, withdrawal problems are not a surprise. The broker is preventing clients from getting their money back in different ways. Some clients reported that they could not log in to their account after asking for a payout.

Others, however, were given bonuses at the start of trading without being explained that it would impact withdrawals, and if they wish to get the money back, they will have to reach insane rollovers.

All this means only one- the broker relies on the fact it’s not regulated and avoids paying clients when the time comes.

Areas Of TradeSmart1 Scam

According to TradeSmart1 reviews, the broker is mainly present in Greece, Cyprus, and Albania. This could be a potential reason for the false Cypriot address on their website.

However, note that it cannot provide financial services legally in any country, so whenever you’re approached by TradeSmart1 forex brokerage, make sure to decline the offer for your own safety.

Also remember the names of the FlexInvest, Profit Markets CFD and SelfKings trading scams and avoid them at all costs! Moreover, always check the background of online trading companies before investing!

Retail Traders About TradeSmart1 Scam

The broker has been marked as a scam on many websites for reviews, such as Trustpilot. It’s negatively rated, with over 60% of clients giving it the lowest score. As per these reviews, clients are forced to deposit enormous amounts of money without seeing a payout even once.

Here’s just one of the examples:

Dangerous scams. Stay away. They ask from you to manage your investments but when you deposit money to them they disappear after.

Defrauded trader from Trustpilot

How Does Online Trading Scam Work?

Usually, online trading scams are created to target innocent clients who have no experience on the market or know very little about it. You will be told that you can make millions without any effort just by putting your funds with a certain company or a particular trading robot.

However, once you ask for a payout, the company will either stall as much as possible, delay you, or freeze your account. In some cases, they might even disappear without any explanations. Be very careful when choosing your broker and look for those with Tier1 licenses.

Scammed by TradeSmart1? – Tell Us Your Story

If you fall victim to the TradeSmart1 scam, let us know. Our specialists may help you file a dispute and request a chargeback.

But What Is A Chargeback?

This is a way for your bank to reverse fraudulent online transactions in case you are scammed. Since the process requires representation and evidence submission, we advise you to get assistance.

Contact us via online chat, book a free consultation and let’s get back to what’s rightfully yours.

What Is TradeSmart1?

TradeSmart1 is an online trading brokerage without a license.

Is TradeSmart1 A Scam Broker?

Yes, TradeSmart1 is a fraudulent broker that claims to have UK regulation.

Is TradeSmart1 Regulated?

TradeSmart1 is not regulated and has no authorization to provide financial services despite false claims.

Aiko Markets is a relatively new broker in the financial market, trying to find a way of reaching investors. Thus, we have a catchy slogan: “Trade Easily. Live Freely.”

While this sounds tremendous and may lead you to check out the broker’s offer, you should notice one thing. Nowhere on the website can you find any regulations mentioned.

Read this detailed Aiko Markets review and find out everything about the brokerage.

What is more, we strongly advise you not to invest in OptiumGroup, TheExchangeBank and Keler Group fraudulent brokers.

Is Aiko Markets a Trustworthy And Licensed Broker?

Aiko Markets is a brand of Aiko International Ltd, registered in Saint Vincent and the Grenadines. This offshore country has become a widely known hub for scheme brokers thanks to a lack of regulatory supervision. The FSA strictly declared itself unauthorized for Forex and binary options trading firms, directing brokers to opt for a license in the country of service.

We found nothing after checking Tier1 databases, such as FCA, ASIC, BaFin, and more. Simply speaking, Aiko Markets cannot be trusted.

Reasons Not to Trust an Unlicensed Broker

Unlicensed brokers don’t follow any rules, nor must they form a compensation fund. If something goes wrong, no regulator will take responsibility and reimburse you. 

That’s why dealing with Tier1 licensed brokers is highly recommended. These have various mechanisms of protecting your funds and are responsible to a higher authority.

So Is Aiko Markets a Legit Broker or a Scam?

Aiko Markets is not a legit Forex and CFD trading brokerage. The company is based in Saint Vincent and the Grenadines and not authorized by any Tier1 regulatory body.

What Do Traders Think Of Aiko Markets?

Aiko Markets is not a pretty popular broker. According to the website inspection, the server is based in China. 

Furthermore, numerous negative reviews suggest that this firm doesn’t approve withdrawals. Once they get ahold of clients’ money, they’ll become non-responsive, blocking all communication and customers’ access to a trading account.

Aiko Markets Offers an MT4 Trading Platform?

If there’s one good thing about this firm, it’s the provided trading platform. The broker offers MT4, a great standard in the trading industry. It’s terrific software with various trading features, EAs, and social trading enabled at hand.

However, the issue is with the broker itself. Despite the great platform, your funds are at risk due to the broker’s regulatory status and unregulated trading conditions. 

Aiko Markets Offers a Mobile Version Of The Platform?

Access from any Android or iOS device is relatively easy. Each MT4 comes with a mobile app. That’s another advantage of working with MetaTrader. Yet again, the issue with the broker’s license and trading terms stands.

Aiko Markets Accounts Overview

Aiko Markets has 3 Live account types on offer. Here’s a brief summary:

• Scalp – leverage up to 1:500, only FX, gold, and silver trading
• Elite – $25,000, spread starting at 2 pips, $10 commission 
• True ECN – spread from 2.5 pips, $7 commission

Besides the Elite account, we don’t have minimum deposit specifications, which is odd enough. 

Aiko Markets Broker – Countries Of Service

According to reviews, Aiko Markets broker mainly operates in:

• US
• Spain
• Canada
• UK
• Germany

Also, remember the names of the Axen Trade, Fx24trade and Win iCoin trading scams and avoid them at all costs! Moreover, always check the background of online trading companies before investing!

Customer Support – Communication Channels

Aiko Markets customer support has various communication channels. Once you sign up for an ad, they’ll use email and phone as their main tools. They’ll tell you all the fairytales to make your deposit right away.

Once you fall for the story, account managers might use WhatsApp, Telegram, and other social apps to reach you and send false trading signals to the “chosen group of investors.”

Finally, they might approach you through social media, such as Facebook, Instagram, or even dating apps.

Aiko Markets Range of Trading Markets

Customers can trade in all major markets, including:

• Forex – EUR/USD, AUD/NZD, USD/TRY
• Commodities – gold, natural gas, palladium
• Indices – DAX30, CAC40, FTSE100
• Shares – Adidas, Amazon, Alibaba
• Cryptocurrencies – LTC, XRP, DASH

What Is Known About Aiko Markets’s Trading Conditions?

The firm offers solid spread and unregulated leverage. They also charge quite a high trading commission, starting at $14 for the Scalp account and $7 for the True ECN. 

Since this brokerage is unlicensed, it doesn’t have to adjust trading conditions to any regulatory rules. This is what makes your trading risky.

What Is the Broker’s Leverage and Spreads?

The leverage goes up to 1:500. Regulatory limit in the UK and EU is 1:30, while in the US and Canada it’s 1:50. All in all, Aiko Markets allows way higher leverage, implying higher risks.

The spread starts at 0.8 pips for EUR/USD pair, which is lower than the industry standard but brings in high commissions.

Aiko Markets Minimum Deposit and Unknown Withdrawal Terms

Aiko Markets requires a low initial deposit of only $10. But don’t be deceived. Once they get ahold of you, account managers will constantly pressure you to deposit more. 

Since the withdrawal terms are unspecified, we doubt you’ll be able to submit a request.

What Payment Method Does the Broker Accept?

The firm accepts only one payment method – cryptocurrencies. Customers can deposit using:

• BTC
• ETH
• XRP
• LTC
• DOGE
• USDT

While the broker will try to convince you that you have a variety of choices, the truth is – you’re given the most unsafe method of all.

Why Is Paying In Cryptocurrency Unsafe?

Crypto deposits are risky since digital currency is virtually untraceable. Once the money leaves your wallet, it’s transferred to another wallet ID. But finding out who’s behind the ID can be pretty challenging.

That’s why scammers prefer using crypto and why you should avoid it.

Scammed by Aiko Markets Broker? – Let Us Hear Your Story

If you or someone close to you has been scammed by Aiko Markets, let us know. Our experts may be able to assist in tracing your cryptocurrencies and fund recovery.

Don’t let scammers run with your hard-earned money. Get in touch now to book your free consultation and let us evaluate the case!

What Is Aiko Markets?

Aiko Markets is an offshore financial firm claiming to provide legitimate trading services.

Is Aiko Markets a Scam Broker?

Aiko Markets is a scam broker without any legal authorization for offering Forex and CFD trading.

Is Aiko Markets Available in the United States or the UK?

The company provides its illegal trading services to both the US and UK.

Does Aiko Markets Offer a Demo Account?

Aiko Markets offers a Demo account along with 3 Live account types.