Not often do you see a well-developed offshore business that has been enjoying customer trust for over a decade. There is a reason for that, though.

The poor regulatory conditions under which this firm operates allow it to offer conditions not easily seen in Tier-1 countries. However, this comes with a few risks involved, as you will see in our Titan FX review.

Offshore Powerhouse

Trading veterans will surely recognize the name of Titan FX broker, vaunted as being the first ever broker-dealer to be regulated by the small nation of Vanuatu. It operates under different trading names in a number of offshore countries.

These include Titan FX Limited in Vanuatu, Goliath Trading Limited in Seychelles, Titan Markets in Mauritius, and Atlantic Markets Limited in the British Virgin Islands. The corporate HQ is situated in Vanuatu, with other firms acting as branch offices. 

Dark Side of Offshore Regulation

The company has several licenses issued by VMA, FSA, BVIFSC, and FSC Mauritius. While this may seem impressive at a glance, we assure you it is not. Compared to a Tier-1 regulated firm like Louis Capital, offshore firms are subject to far less scrutiny. For instance, UK regulations require client funds to be segregated, and a compensation fund of £85,000 is mandatory. You won’t find any of these safeguards with an offshore broker.

Worse yet is the fact that the service provider we’re reviewing today has already been issued warnings by CNMV, FSMA, and FI, all of which are Tier-1 agencies.

Is this clear evidence of a Titan FX scam, then? Not really, but it is difficult to ignore all the blacklists the firm has been placed on over the years. Additionally, FCA warns investors of clone company impersonators, which is another reason to keep your guard up.

Popular Around the World

Titan FX reviews on popular sites like Trustpilot remain overwhelmingly positive, with an average of 4.6 stars out of 166 testimonials. Negative comments are mostly focused on problems with slippage.

The titanfx.com domain was created not long after the firm was originally established in 2014. Here is where the majority of traders are from:

• Japan
• Australia
• United Kingdom

One of the broker’s main selling points is large leverage and a variety of trading apps. Users were mostly introduced to the service through social profiles on Facebook, X, LinkedIn, CrunchBase, Pinterest, and YouTube.

Good Selection of Platforms and Assets

Creating a Titan FX account requires users to submit documentation for KYC verification immediately. A demo environment is available, though, and it may be used on all of the apps currently on offer. This includes industry-standard MT4 and MT5 apps, as well as a WebTrader and the proprietary Titan FX Social. The demo comes with up to $100,000 in virtual currency.

Live trading accounts are based on different billing models:

• Zero Standard – no commission, STP spreads
• Zero Blade – commission-based, raw spreads from 0 pips
• Zero Micro – no commission, STP spreads, micro lot enabled, reduced number of symbols

All of the most popular trading instrument groups are available. Several types of CFDs are included as well:

• Forex – EUR/USD, AUD/CAD, GBP/CHF, USD/JPY
• Cryptocurrencies – BTC, ETH, XRP, DOGE
• Commodities – Cocoa, Sugar, Gold, Platinum
• Index CFDs – VIX, JPN225, SWISS20, HSCEI
• Stock CFDs – JPMorgan, Qualcomm, Caterpillar, Apple

Dangerously High Leverage

As we mentioned before, the feature that attracts a good portion of retailers to the Titan FX trading portal is the leverage. More precisely, leverage that goes as high as 1:1000.

Now, while this may seem like a good opportunity, it may prove to be a double-edged sword. Remember – offshore firms aren’t obligated to provide negative balance protection, so a single bad bet could land you in debt.

Commission is average, charged $3.5 per $100,000 of trading volume for some account types. Spreads also vary between accounts but generally start as low as 0.0 pips. Very little disclosure is given on the various fees. There is a fee that is billed if the user withdraws repeatedly with no trading, and is charged 4% of the balance. The currency conversion fee is 2%.

Good Diversity of Funding Channels

The company accepts deposits through numerous financial channels. These include bank cards (Visa, MasterCard), e-wallets (Skrill, BitWallet, Sticpay, Neteller), bank transfers, Apple Pay, and cryptocurrency.

As per AML regulations, the payout options remain the same. The firm charges no withdrawal fees unless clients make frequent requests without trading. The Titan FX withdrawal will usually be processed within a single business day.  

Prompt Client Support

Clients can access customer support by phone, email, or live chat. Of all these, the quickest option is the chat, which is available 24/7. Chat agents are polite and knowledgeable and respond in a matter of minutes. 

Got Scammed Online? Call Us For Help!

This forex trading service has been in business for more than ten years now. Its track record and user experience is solid, but the firm has been blacklisted in numerous countries.

If you believe this broker has caused you damage by violating regulations or that you have become a victim of an online scam like Titan Invest, feel free to contact our team. You may reach out to us at any time by using the live chat feature on our site.

FAQ

Is Titan FX a Reliable Forex Broker?

Many clients of the firm praise it for providing conditions that are unavailable to Tier-1 license holders. The regulation is lax, however, and does not inspire much confidence.

Who Do I Call if I Suspect a Scam?

If you believe you’ve become a victim of online fraud, contact our expert team. You can get in touch at any time through the live chat option on our site.

Kapital Consult is a shady website. You won’t find any Terms and Conditions, regulations, or information about the owner. So it’s pretty clear that this review won’t praise the scheme. Let’s start and check every part of the broker’s fraudulent story.

Is Kapital Consult a Licensed Broker?

As aforementioned, we know nothing about Kapital Consult. There is no T&C, the owner is not mentioned anywhere, and there is no official headquarters. We discovered that the broker is unregulated when checking all the major regulatory registers, including here FCA, ASIC, BaFin, CONSOB, FINMA, and more. 

Furthermore, trading conditions are unregulated. So you have no reason to invest a penny with the firm, regardless of how good of a story they may serve you.

Also, we want to invite you to read our recently updated reviews of fraudulent brokers Traders Powers, Europa Trade Capital,  and Focus Markets. Be careful with these brokers.

How Unsafe Is An Unlicensed Broker?

Unlicensed brokers are unsafe since there’s no compensation fund, no money-back guarantee, and you have nowhere to file a complaint. In addition, most unregulated firms don’t provide negative balance protection, meaning you can end up in debt towards the firm. 

Our best advice is to look for a transparent, legitimate broker.

So, is Kapital Consult a Good Broker or a Scam?

Kapital Consult is a shady anonymous trading website. There are no Terms and Conditions, owner, or regulation number. The consumer index is low, indicating you should not trust the firm with your money.

Traders’ Experience With Kapital Consult

The best way to describe Kapital Consult reviews is as worrisome. The majority of comments refer to withdrawal issues. According to everything we read, this trading firm doesn’t allow customers to withdraw their funds. Instead, they are asked to pay additional fees and taxes, and then their trading account is blocked.

Kapital Consult Сlaims to Provide Access to WebTrader

The trading company claims to offer a WebTrader. However, without making an initial deposit, we could not access it. Thus, we can say only what’s written on the website – the web-based software is user-friendly, easy to navigate, and offers many charts and indicators. Since most WebTraders don’t actually have these functions, we’re pretty sure Kapital Consult wouldn’t surprise us either.

Kapital Consult Accounts Overview

There are five account types, each bringing different perks. They are:

• Starter – $250
• Basic – $5,000
• Gold – $25,000
• Premium – $100,000
• Supreme – Invitation Only

The leverage varies from 1:100 to 1:300. From the Basic account, you get access to specialized trade rooms and special ventures, and from the Gold account, you’re entitled to perks such as financial planning and risk management plan.

Also, remember the names of the trading frauds ACE FX, Interactive Fund, and GetPrimeCrypto trading scams and avoid them at all costs! Furthermore, before investing, always check the background of internet trading organizations!

Kapital Consult Broker – Countries Of Service

The broker mainly operates in:

• US
• Spain
• Australia

Wherever you are, you should be aware that trading with Kapital Consult is unsafe, and you’re not covered by any compensation fund.

Kapital Consult Range of Trading Instruments & Markets

The firm offers trading in all major markets, including here:

• Forex – EUR/USD, GBP/CAD, EUR/GBP
• Commodities – gold, natural gas, crude oil
• Indices – Dow Jones, FTSE100, DAX30
• Shares – Amazon, Tesla, Microsoft
• Cryptocurrencies – ADA, BTC, NEO

What Trading Terms Kapital Consult Offers?

Since the spread is not disclosed, we don’t have an overview of your trading costs. Other trading conditions are unregulated, starting with leverage.

About Leverage

The leverage with this firm goes up to 1:300. EU and UK regulators only allow up to 1:30. At the same time, in the US and Australia, the limit is set to 1:50. The leverage has to be controlled so that a customer can control risks and not lose their funds immediately. As you can tell, the broker is not really worried about clients’ well-being.

Minimum Investment Amount

The minimum deposit is typical – it starts at $250. However, most legitimate firms have Micro accounts starting with as low as $10. You should go for one of those, especially if you have no experience.

Kapital Consult Fees, Payment and Withdrawal Methods

The firm doesn’t mention any deposit or withdrawal methods. Since there is no T&C or a Withdrawal Policy, we don’t know much about withdrawal terms and fees either. As there is a big lack of transparency, it’s clear that you should avoid the Kapital Consult trading scam by all means. 

Scammed by Kapital Consult Broker? – Let Us Hear Your Story

Suppose you were involved with Kapital Consult. There’s a high chance that you cannot withdraw your funds and your access to your trading account is blocked. Contact us to book a free consultation with our chargeback specialists and we may be able to help you recover your funds.

But What Is A Chargeback?

A chargeback is a way for your bank to retrieve funds directly from the merchant. Since it’s a time-limited procedure, we urge you to get in touch right away. Let’s recover your money before it’s too late.

What Is Kapital Consult?

The broker is shady unregulated online Forex and CFD trading provider.

Is Kapital Consult a Scam Broker?

Kapital Consult has no Terms and Conditions and didn’t disclose any basic trading terms.

Is Kapital Consult Available in the United States or the UK?

The broker operates in both the US and the UK.

Does Kapital Consult Offer a Demo Account?

No, Kapital Consult doesn’t offer access to a Demo account or trading platform.

The first thing about the VNSmart broker that caught our attention is the claim that it’s a Blockchain Securities Trading platform. Of course, it implies that the company offers crypto trading, which has regulation issues per se. Check out all about the company in our VNSmart review.

Is VNSmart Regulated? – Is The Platform Legit?

Checking out the broker’s white paper told us nothing. The firm claims to be operated by Robin Hood and Saxo Bank employees, but there’s no proof of that. Furthermore, the explanation of the investment process itself makes no sense whatsoever. In the end, there’s no mention of VNSmart regulation.

In addition, we strongly advise you not to invest in Oriontero , ZMarket Global and DCMGroup fraudulent brokers.

The Importance of Tier 1 Trading License

Financial regulators are divided into 3 Tiers based on their requirements. The strongest regulators are in the Tier1 zone, while loose offshore regulators would belong to the third. As you can tell, Tier1 regulators such as FCA, ASIC, and BaFin are closely monitoring financial institutions and making sure they operate by law. Since VNSmart has never obtained a license, your funds are at risk.

Scam Warnings From Financial Watchdogs

VNSmart complaints led to regulatory warnings. There have been several from Belgium, Italy, and Singapore,

Official Warnings Issued by FSMA and MAS – Evidence of Fraud

Belgian regulator was the first to publish an official warning stating that VNSmart operates with no regulation. Singaporean MAS confirmed it, while Italian CONSOB republished the FSMA warning.

Where Is VNSmart Trading Scam Active?

To our knowledge, there are several areas of VNSmart trading scams. They are:

• US
• UK
• Canada
• Australia

When Did We First Discover the Broker?

We received an official complaint about VNSmart back in 2018, right after Bitcoin lost its value. This firm saw an opportunity to use the rising popularity of crypto and present something new – trading stocks on the blockchain. 

It was a good idea but a bad execution since the company didn’t bother to legitimize its business and get regulation. Once they saw the scheme works, they started defrauding more and more people, with the peak being in March 2021. Since then, regulators have warned citizens not to fall for the VNSmart scam.

What Trading Platforms Are Available?

Let’s just say that the VNSmart trading platform won’t blow your mind. It’s a simplified WebTrader, far from MT4 or MT5. The leverage goes up to 1:50, which is solid. Yet, we don’t know basic things, such as VNSmart’s minimum deposit or bonuses, so investing money is risky anyhow.

VNSmart Mobile Trading App

There’s one good perk, and that’s VNSmart login via mobile. Clients have access to the app based on the WebTrader they use and log in whenever they need to view their account.

What Products Does VNSmart Offer?

As mentioned, VNSmart designed its platform to be blockchain-based, with the possibility to trade shares. So, clients can invest in crypto or shares via a blockchain network. It was an innovative solution, for sure, but it needed to be developed differently, following specific regulations to be a real investment opportunity. This way, it turns out to be yet another scheme we’re used to seeing all the time.

VN Coin Crypto – Another Crypto Scam Token

The broker VNSmart has developed its own coin, VN Coin. By mining it, the firm is collecting funds. However, you need to have eligible white papers and regulations to be an actual token. VN Coin has none. You’re also given predictions about coins price in 2022, where the coin needed to cost $2.5. Since we’re already here and the coin is worth less than a dollar, we can say all these predictions are a lure for innocents to put in more funds.

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

VNSmart Withdrawal Process

If you want to learn how to deposit, the entire website is dedicated to this question. Yet, a small section explains that withdrawals are made from your trading account to your wallet, meaning only in crypto. And that’s already bad since you can never be sure the company will send you funds or approve withdrawal from their own wallet to yours. You entirely depend on an unsolicited business to be trustworthy and refund you.

Scammed By VNSmart Broker? – Talk To Our Recovery Experts

If you end up being a victim of a VNSmart scam, it’s time to notify us. Our recovery specialists are here and would like to hear your story and help you get the money back. Get in touch via online chat, book a FREE consultation, and let’s find the quickest way for a refund before it’s too late.

What Is VNSmart, And Should I Invest Money In It?

VNSmart claims to be a blockchain-based investment platform but has no regulation.

Can I Trade Cryptocurrencies And CFDs With VNSmart Broker?

You can trade crypto and shares as CFDs on the broker’s WebTrader.

Does VNSmart Give a Deposit Bonus When Opening an Account?

VNSmart didn’t give any information about minimum deposits and bonuses.

Is VNSmart a MetaTrader 4 Forex Broker?

VNSmart doesn’t offer MT4; instead, clients have access to WebTrader.

Exchanging cryptocurrencies for stable instruments like silver and gold seems like a savings plan of a lifetime. You trade altcoins, get some revenue when they moon over $1, and quickly convert them to gold. Simple, right?

Well, unfortunately, it’s not that easy. There are multiple market factors that make these sorts of transactions very risky for the service provider. Most companies shy away from these exchanges, and this is exactly how the one we’re looking at today in our Vaultoro review snares their victims.

Only Registered but Unregulated

The firm transparently presents their corporate information – they’re registered as Vaultoro Limited. UK Companies House database has an entry under this name with the registration number 09369786.

The company is incorporated as an information technology service, though, not as an exchange, broker or any other type of financial services provider. That’s why they didn’t obtain a license from the leading financial regulator – FCA. Louis Capital is an example of a FCA-regulated firm with minor flaws but with far better safety conditions. 

The company we’re reviewing definitely needs a license as an exchange to offer services of swapping digital currencies and crypto assets for precious metals. Since they’re not properly regulated, the firm can’t be considered legit or safe.

Baiting Traders With Innovative Ideas

The vaultoro.com domain has been around since 2014, and it was purchased exclusively to host this exchange. The website remained under construction until 2015, however, after which it was directed towards these nations:

• United States
• United Kingdom
• Spain
• Italy

Vaultoro investment company has managed to attract numerous traders through their large online presence. The firm operates Facebook, Instagram, X, YouTube, Medium, and CrunchBase. All this is further backed by numerous articles, webinars and podcasts about gold-backed cryptocurrencies.

The firm leverages the idea of purchasing stable instruments like precious metals in exchange for volatile cryptos. This sort of service carries a significant amount of risk, which is why mainstream companies avoid this line of work.

Volatility doesn’t concern fraudsters in the slightest – they simply steal the coins from their clients and call it a day. Should a victim try to recover either asset, they get stonewalled. If you’ve had any similar experience, feel free to contact our legal team.

Reviews Reveal the Truth

For a company that’s been around for such a long time, there’s surprisingly few Vaultoro reviews to be found. They are most numerous on TrustPilot, where the firm has an overall rating of 2.2 stars out of only 11 reviews.

While the positive ratings are more numerous, they were all written by new customers without long-term experience. Negative comments call the company an outright scam, talking at length about the strategy used to defraud them.

Crypto and Precious Metals Fees

The Vaultoro pricing on gold and silver is averagely 2%-4% higher than the price set by the suppliers. The service of storage, insurance and auditing costs about 0.05%/month for gold and 0.125%/month for silver. Buying and selling these metals includes a 0.5% fee.

Maker and Taker fees depend on the monthly volume of a Vaultoro account and therefore range from 0.5% / 0.5% to 0.100% / and 0.375% per trade. Depositing funds in BTC is free, but other coins like ETH include a fee that varies between currencies. The same stands for the withdrawal fee, which is set to 0.00015 BTC.

Missing App, Limited Assets and More

To download the trading software, users are given two suspicious links for iOS and Android versions. One doesn’t work and the other relies on a QR code. There are mentions of Vaultoro API as well, but we couldn’t find any trace of it.

This is just the tip of the iceberg of this bad portal, so read on to learn more and bear in mind that illicit platforms like InvestoSea all have nothing to offer you.

Pseudo Trading Terminal

As previously explained, the website primarily advertises a mobile app which can’t be acquired. The link to the App Store is broken and the Android version can be downloaded via a QR code, which is something we don’t recommend. 

The simplistic terminal found in the client zone allows swapping one crypto currency for another and buying gold and silver for BTC, ETH or any of the other supported crypto coins. Advanced trading technology is not found.

Range of Assets

The offer of Vaultoro crypto coins is not even close to rich or interesting. Compared to major exchanges, it doesn’t look particularly interesting. 

The list of available digital currencies includes BTC, ETH, DAI, USDT, USDC, LTC and a few others. On the other hand, there’s also Gold and Silver.

Trading Accounts

Since only verified users are allowed to trade, you’re expected to confirm your identity once you sign up for the Vaultoro login. Sharing your personal information (ID, passport, credit cards) with suspicious sites, however, is not recommended.

In addition, the firm also claims to allow your account to be focused on savings plans, but the link that leads to the supposed page is dead, just like half of the website.

Diverse Withdrawal Options

There are several different kinds of withdrawal available with the company. Coins can be withdrawn through the dashboard. It supports BTC, ETH, USDT and some others.

The other way to get a payout is to request a delivery of precious metals to the trader’s home address. Local deliveries, per Terms and Conditions, may be completed by a regional merchant rather than the company.

Now, all these procedures seem well thought through, but you gotta remember you’re dealing with an unlicensed firm. Many clients complain that their cryptos never arrived, after which the firm cut communication.

Clients Say Support is Not There

Besides the option to submit a ticket to support, clients have no other way to get in touch with the client help desk. There’s also a bunch of articles that allegedly help users solve their issues but actually contacting the support office is not possible. 

That means that if your request is ignored, you won’t have any other way to reach out to the customer assistance office which has already happened to others.

Don’t Hesitate – Get Help!

Have you had your funds stuck on unregulated exchange websites and you can’t seem to take them back whatever you do? It’s time to stop paying advance fees and listening to the fraudsters – seek professional chargeback support!

Our recovery specialists can help you track your stolen crypto investment and help you determine where your assets are kept. To find out more about how crypto recovery procedure works, please book a free consultation with our experts.

FAQ Section

What is Vaultoro?

It is an online fraud that baits their victims by providing a service not traditionally available with brokers.

Is Vaultoro Legit?

The company is legally registered, but lacks any license to provide their alleged service. If you are one of the defrauded investors, contact our experts.

Where is Vaultoro Located?

The company headquarters are located in Cardiff, UK according to the UK Companies House.

W2W Capital appears to be another financial swindler targeting Spanish-speaking areas. With the entire website being in Spanish, finding the facts was quite a task.

The company is based offshore and offers a basic trading platform and too high leverage. If it’s not enough to convince you to give up on investing, read this detailed W2W Capital review until the end.

Additionally, we strongly advise you to avoid the fraudulent brokers TG Capital, MorganFinance, and XTB Global.

How Safe and Secure is W2W Capital a Broker?

W2W Capital is owned by W2W Capital LLC, registered in Saint Vincent and the Grenadines. The company entered the FSA register in February 2022 but never obtained a license. Since SVG doesn’t deal with regulations, Forex and CFD brokers are directed to opt for regulation in the service country.

This firm is unlicensed according to the register of major Tier1 license providers, including FCA, ASIC, BaFin, and CONSOB. Practically, it means it doesn’t follow ESMA rules, MiFID directives, or any other legal prerogatives.

Reasons Not to Trust an Unlicensed Broker

Unlicensed brokers don’t follow any legal guidelines. They don’t keep funds in segregated accounts, don’t disclose banks where funds are transferred, and in most cases, don’t offer negative balance protection.

 If something goes wrong, you cannot count on any legal help from regulators. Since the actual owner is offshore, getting to them is quite challenging.

So Is W2W Capital a Scam?

W2W Capital is an offshore trading firm. Since it operates without a valid license, the brokerage has been blacklisted in Spain, Norway, and Belgium. This is official proof that you’re better not investing with W2W Capital.

Warnings From Financial Regulators

The broker was warned by several regulators. The first to officially add w2wcapital.com to the blacklist was the Spanish CNMV. According to their warning, this scheme firm provides unsupervised financial advising and Forex trading services.

The Belgian FSMA later republished the warning.

And Norwegian Finanstilsynet.

What Do Traders Think Of W2W Capital?

Even though the company was registered just a few months ago, W2W Capital already has many negative reviews. Customer reported withdrawal issues.

As it seems, this firm is not allowing any payouts. Clients are pressured to invest more, and employees promise them anything and everything, but, in the end, money is gone.

What Platform Does W2W Capital Offer?

W2W Capital provides a web-based distribution of MT4. While MetaTrader is recognized as the best trading software nowadays, it means nothing in the hands of a scammer.

Yes, we agree. There are a lot of tools and technical indicators. However, the firm didn’t purchase access to an app, only internet-based software, which is the first issue. Additionally, scheme brokers can manipulate the trade outcome by imposing too much leverage and spread, so your funds are not safe.

Access the Account From a Mobile or Tablet Device

As mentioned, the only available software is WebTrader. Therefore, mobile apps and tablet access are not enabled. If you want access to those, we advise you to find a legit firm offering a full MetaTrader package.

W2W Capital Accounts Overview

There are 5 account types on offer, those being:

• Classic – $250
• Advanced – $10,000
• Pro – $25,000
• VIP – $100,000
• Elite – $500,000

Each account brings lower spreads and higher leverage. Stop out level is decreasing while the number of available trading assets increases.

Customer Support – Communication Channels

Scam brokers mainly rely on their customer support. Since they have nothing to offer and are at risk if a potential customer does due diligence, the support needs to act quickly. And needs to have solid selling skills.

They’ll approach possible investors via phone, email, messages, social media, and any other available method. Yet, the only way to reach them back once they get ahold of your funds is through an email. 

W2W Capital – Countries Of Service

This scheme brokerage mainly provides its services to residents of:

• Spain
• Netherlands
• Germany

Don’t forget that the company in question is not licensed. Their scam is widespread.

W2W Capital Range of Trading Markets

Investors have access to several markets, including:

• Currency pairs – EUR/USD, GBP/CAD, USD/ZAR
• Indices – BE20, DAX30, FTSE100
• Shares – Bank of America, Adidas, Amazon
• Commodities – gold, natural gas, sugar

Surprisingly for a new broker, cryptocurrencies are not on offer.

Also, avoid the trading frauds RoboFXtrade, Geneticrypto, and Absolute Markets at all costs! Moreover, before investing, always look into the past of internet trading firms!

What Is Known About W2W Capital’s Trading Conditions?

W2W Capital shares a list of spreads, depending on the account type. We also have clearly specified leverage, which is good. However, what’s not good is that the leverage goes against ESMA rules and regulatory caps. While the EU and UK limit is 1:30, and the US is 1:50, W2W Capital offers a lot more.

Too High Leverage and Wide Spreads

The leverage ranges from 1:33 on the Classic account to 1:500 on the Elite. And that’s way above any limits.

The spread varies from 0.5-1.7 pips, which is quite solid. Yet irrelevant when your funds are endangered by leverage.

W2W Capital Minimum Deposit, Withdrawal Terms, and Fees

Depending on the service country, W2W Capital requires an initial deposit of 250 USD or EUR. Withdrawals are not mentioned and there are no legal documents in regard to it.

Since we already mentioned that reviews point out major withdrawal problems, we can safely say that this firm has no intentions of allowing payouts. Thus, no policies are needed.

Methods of Making a Deposit

Customers can invest using the following:

• Debit/credit card
• Wire transfer
• Bitcoin 

Since the broker is unregulated, we advise against it.

Scammed by W2W Capital Broker? – Let Us Hear Your Story

If you or someone close to you has been scammed by a W2W Capital broker, let us know. Our chargeback experts will be able to assist you with the process and help you recover your funds. 

Don’t let scammers run with your money. Book a free consultation and let’s see what can be done.

But What Is A Chargeback?

A chargeback is a way for your bank to recover funds directly from the merchant. If you deposited using a debit/credit card, you have up to 540 days to file a dispute. Get in touch now and let’s start!

What Is W2W Capital?

W2W Capital is an unregulated brokerage registered in Saint Vincent and the Grenadines.

Is W2W Capital a Scam Broker?

The broker is a scam blacklisted in Spain, Norway, and Belgium for fraudulent financial activities.

Is W2W Capital Available in the United States or the UK?

The company operates in the UK but not in the US.

Does W2W Capital Offer a Demo Account?

No, W2W Capital doesn’t offer a risk-free Demo account.

Exposing this trading scam was easy. We found a lot of fraudulent clues and used them to debunk the lies of the shady Unicorn FX.

By analyzing the broker’s regulation, trading platform, leverage, payment policies, and warnings issued by the authorities as well, we were able to put together the Unicorn FX Review. Learn the truth about this fraud before it’s too late!

Is Unicorn FX a Scam Broker?

Of course not. Unicorn FX is an anonymous scammer with no trading license. The website shamelessly claims that this brokerage is run by a company called Unicorn Forex Trading, based in the UK.

Here’s proof that Unicorn Forex Trading is a hoax – this entity is not registered with the UK’s Financial Conduct Authority (FCA), a stern Tier 1 regulator.

If a company is not found in the FCA’s register, it has no authorization to provide financial services in the UK. Therefore, Unicorn FX is nothing more than a fraud. If you want to protect your wallet, stay away from scammers like Unicorn FX and Cooper Markets.

Warning Issued by Financial Authorities

We found two warnings issued against Unicorn FX. These warnings were issued by the regulators of Canada and Indonesia.

The Canadian IIROC and the Indonesian BAPPEBTI flagged Unicorn FX as an unauthorized provider, i.e. a trading scam. That’s two strictly regulated domains that do not welcome Unicorn FX.

The Opinions of Traders On Unicorn FX 

We checked the reviews on WikiFX. Traders are not satisfied with how Unicorn FX operates, to say the least. Anonymous, blacklisted, and rejected by traders… We don’t think that any more proof in needed – Unicorn FX wants to defraud clients!

Frustrating, spreads offered by this platform are just two high. What’s worse, they arbitrarily add slippage to your order, increasing your trading fees… I have never seen such a terrible trading platform before. Guys, move away!

– WikiFX user, December 1, 2022.

Unicorn FX’s Platforms – A Software Comparison

MetaTrader 5, that’s the platform that Unicorn FX offers. You’ve probably heard about this amazing trading software. It was designed by MetaQuotes in 2010.

Available for both desktop and mobile (Android & iOS), MT5 equips the trader with cutting-edge trading options and tools such as algorithmic trading, live market reports, branch optimization and advanced charting.

MT5 is a big advantage any broker could offer but it still cannot make up for the fact that Unicorn FX is anonymous. Scammers such as Unicorn FX and Grand Capital got their hands on advanced software to lure potential victims. 

Which Financial Instruments Are Included?

Here’s an overview of Unicorn FX’s available trading instruments:

• Forex currency pairs – EUR/USD, GBP/JPY, AUD/CAD…
• Indices – S&P 500, DAX 30, NASDAQ 100…
• Commodities – gold, silver, natural gas…
• Crypto – BTC, ETH, LTC…

Unicorn FX’s Education Program

In order to make the whole monkey business seem legitimate, Unicorn FX included a page dedicated to education. Here the broker explained the basics of Forex trading.

It’s meant as a distraction to take your attention away from the fact that you’re losing your funds. Once you realize you’re having withdrawal issues, it’s probably too late to pull out.

Unicorn FX’s Countries Of Service

This review wouldn’t be complete without a list of countries where this anonymous scammer looked for victims. We did some research and found out the following:

• France;
• Germany;
• Indonesia;
• Malaysia;
• Canada;
• India.

Both France and Germany are under the jurisdiction of the European Securities and Markets Authority (ESMA). Unicorn FX is not compliant with ESMA’s regulations. 

Canadian and Indonesian regulators, as mentioned, flagged this broker as a scam. We must pressure the Indian and Malaysian authorities to do the same.

Account Options Offered by Unicorn FX

Unicorn FX offers three different trading account types:

• Standard – 100 $;
• Professional – 100 $;
• Premium – 500 $.

The only difference between these seems to be the minimum deposit requirements. All three accounts have a swap-free option. The spreads differ as well but more on that in the next section. 

Leverage, Spreads and Commissions

The spreads listed on the Account type page are odd. Unicorn FX put spreads from 29 pips. Whether it’s a type of something, we don’t know, it’s a scam anyway.

Allegedly, there are zero commissions. Leverage can be set to 1:500 but the legal cap in the UK is 1:30, which is further proof that this Unicorn FX isn’t a legit broker.

Can a Trader Use a Demo Account?

No. Unicorn FX does not actually offer a risk-free demo account. There is an option on the website but it’s just a ruse. 

It was put there to make you believe that there actually is a demo account. When you click on the link, it just takes you to the regular registration page.

Terms of Service for Unicorn FX

Unicorn FX included a suspicious Privacy Policy, Risk Disclosure and some sort of client agreement document. By saying suspicious, we mean it looks like it was copied from somewhere else.

There’s no mention of the company’s FCA registration ID, which is something all UK broker sites put in the first couple of lines of text. Then again, Unicorn FX is not even registered with the FCA.

Withdrawing Profits From Your Broker Account

When it comes to deposit and withdrawal methods, Unicorn FX listed only wire transfers. Disappointing. Even scammers nowadays include at least three available payment methods. 

Wire transfers can be reversed via recall but only if the transaction hasn’t gone through yet, meaning you have to act quickly if you’ve deposited funds. The minimum deposit is 100 $ and the fees are unknown.

What Should I Do If I Got Scammed By Unicorn FX?

If you’re a victim of Unicorn FX’s scam, you should write a complaint on the forums if the broker violated any terms and conditions.

We can help you get your money back, by going through the process step by step. You have to book a consultation with us so we could analyze your case and see what the options are.

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

What Is Unicorn FX?

Unicorn FX is an anonymous scam broker claiming to be based in the United Kingdom.

Is Unicorn FX a Regulated Broker?

No. Unicorn FX is not registered with the UK’s FCA. Plus, the broker was blacklisted by the Canadian IIROC and the Indonesian BAPPEPTI.

Does Unicorn FX Have a Referral Program?

No. Unicorn FX did not include any kind of referral program.

Does Unicorn FX Offer a Demo Account?

No. Although Unicorn FX advertises a demo account, the broker doesn’t really offer one.

You can hardly expect anything legitimate when a company hides legal information, contacts, and addresses. On top of that, experienced traders know how to recognize suspicious trading firms based on the trading conditions offered.

That’s why we have every possible aspect covered in this MagmaCore review so you, fellow traders, don’t have to worry. Make sure to read it carefully because it can help you avoid getting trapped in the future as well.

Legal Info: Is MagmaCore Legit Or A Scam?

As mentioned, legal transparency plays a big role with brokers. However, there’s one thing that could overcome such a problem. Its top-tier regulations from authorities such as FCA, BaFin, ASIC, CFTC, and others. But to be fair, one step leads to another. In any case, we checked a few top-tier databases for you, and none of them hold any records of this brokerage being licensed.

Instead, you could find the company on a warning list of the Austrian FMA. This warning was later published by IOSCO as well. With this in mind, you can only expect manipulation from the company. Whether with trading conditions, platform, or withdrawal conditions. But don’t be surprised if you face all these issues in the same cycle.

Who Are MagmaCore’s Victims?

Since the company has only been around since 2023, there are not many samples on which to draw a conclusion. With very few MagmaCore reviews available, relying on them wouldn’t be realistic. 

Instead, we have looked at the website traffic and found that the company mainly targets: 

• United States
• Brazil
• United Kingdom
• Canada

Luckily or not, these countries have mostly top-tier regulations, which means this broker operates without them. Therefore, they are scamming those citizens. If you are one of those as well, don’t hesitate to contact us for refund assistance. Also, don’t miss some useful tips in our JM Trade review.

Traders Reviews

In general, there are not many reviews about this brokerage. In fact, only two on the Sitejabber platform can be found, and both are positive. However, with targeted countries like the US and the UK, we highly doubt those are legitimate comments.

If you are patient enough, you might see negative comments piling up in the future. After all, with warnings published by trusted regulators, that’s the only thing you can be sure about. We invite you to start here and share your experience in our comments section. If any issue occurs with the MagmaCore platform, contact us for advice on chargeback.

Leverage, Commissions, Spreads, Fees and Taxes

Another sign of not trusting the platform is suspicious trading conditions. The platform offers leverage of up to 1:200, while top-tier regulated firms can offer a maximum of up to 1:30 or 1:50. The company doesn’t reveal any fees, commissions, or spreads.

Bonuses

One thing that can surely affect your MagmaCore withdrawal potential is a welcome bonus. However, with non-transparent T&Cs, we can’t get any details about whether such an offer is on the table. But if you get any, make sure to check all the conditions first. Otherwise, your funds might get stuck forever.

MagmaCore Trading Features

If you check the company’s offer, you will quickly find that no advanced features are presented. Instead, you can only expect basic trading functionalities, limited support, and, worst of all, no education at all. 

But if you check our ETF Corp review, you’ll find out why such options are crucial in trading.

Trading Platforms Available

A huge disadvantage of this brokerage is its web-based platform. If you were expecting top-tier apps like MetaTrader or cTrader, start looking elsewhere. With MagmaCore, you can only get a few basic functionalities and zero security features. Not to mention, this platform can be easily manipulated.

Available Trading Assets

Even though registering a MagmaCore account gives you access to a wide range of assets, that doesn’t make any difference. After all, if you can’t withdraw your money, their whole offer is useless. In any case, it consists of:

• Forex – GBP/SGD, EUR/JPY
• Indices – DAX30, FTSE100
• Commodities – gold, natural gas
• Shares – IBM, AMD
• Cryptos – LTC, DOT

Account Types

Pretty much all account types with this firm offer the same features except for the leverage and number of instruments. Sadly, you won’t know what conditions to expect before you register and complete the MagmaCore login process.  But be sure they will ask you quickly to upgrade your account to one of the following: 

• Basic – $2.500
• Bronze – $10.000
• Silver – $50.000
• Gold – $250.000
• Platinum – $1.000.000

Mobile Trading App

If you prefer trading on the go, we would recommend you pick another broker on time. With this brokerage, you can only use web-based and possibly unoptimized platform. Surely not something you want to experience.

Demo Account

Testing all the company’s features is impossible unless you are a registered user. Sadly, there are no demo or micro accounts for those who want to explore all the options.

Education

Another huge problem is a lack of proper education for traders. This tells you enough of how much they want you to succeed. But on the positive side, it’s a sign to stay away from them.

MagmaCore Withdrawal

Besides problems with the MagmaCore app, traders can also expect problems with withdrawals. Primarily because the company doesn’t share any details about it. Starting with procedure, processing time, and, worst of all, fees. 

But even if they did, without a license, all that would be meaningless. So, watch out for possible tricks.

Customer Support

When it comes to support options, this broker offers a phone number with a UK extension and e-mail. Yet, they don’t reveal working hours or addresses to be contacted directly. Consequently, you shouldn’t rely much on their support.

Key Information To Consider About MagmaCore?

First, you must remember that the MagmaCore scam broker has been found on a warning list. Even without it, you could see too many scam signs, such as missing regulations, suspicious platforms, zero transparency, and hidden trading conditions. Therefore, it’s time to take everything in your hands.

Get in touch with our refund experts and learn about your refund options. Most importantly, our first consultation is completely free, and the purpose is to find possible solutions. Book your meeting today.

FAQ Section

What is MagmaCore?

MagmaCore is an anonymous FX and CFD trading firm that most likely presents itself as a UK-based investment firm.

Is MagmaCore Legit?

Not at all. MagmaCore broker is an absolute scam. Firstly, they are not transparent as many other brokers and secondly, they are not regulated anywhere.

How to Request a Withdrawal From MagmaCore Broker?

You can request a withdrawal through the client area or customer support. But if any delay or problem occurs, contact our refund team immediately for advice.

Internet scams are becoming more and more complex each year. This time, in our FinUp review, we will pick apart and analyze one created by a known professional con artist.

From abusing peer pressure to utilizing advanced manipulation strategies, this group will take your money and smile while they do it. Read the remainder of our article to learn about ways to recover your funds.

 Complex Fraudulent Scheme

The FinUp crypto scam is not just any textbook fraud. It’s actually part of a larger-scale unscrupulous project run by an individual known as Shelly Rose Cullen. This person is a notorious pyramid scheme promoter who has been ordered to pay over $5 million for fraud by the Commerce Commission of New Zealand.

The court case was finally brought to a conclusion in July 2024 after a several-year-long process.  

All Evidence Points to Scam

If you think that this disreputable website is the only one of Shelly Cullen’s projects, you’re in for a surprise. The financial regulatory body of New Zealand – FMA has published a detailed list of faux online trading sites related to the entire “Lion’s Share” affair. The alert was later reposted by IOSCO.

However, that is not the end of it. Dvyneways Limited is the main entity that the whole business is centered around, and it is, of course, not regulated by any financial institution. That’s why the FinUp AI hoax was also blacklisted by CNMV, Fi, A-TVP and FSMA. 

Online Fraud Spreads Like Wildfire

The fraudulent platform was created by a notorious pyramid scheme architect. This means that there’s a whole slew of social network profiles intended to promote the fraud. This includes profiles on Facebook, Instagram, YouTube and Telegram owned by the company itself. There are also affiliate fraudsters, who unapologetically create more posts.

Whether these people are aware of what they are a part of or not is irrelevant since the damage is very real. Here’s where the majority of the victims are from:

• Ukraine
• New Zealand
• United Kingdom
• Czech Republic

Access by Invitation Only

You can’t just stumble across the site and create an account. Well, technically, you can, but it remains unusable unless it’s connected to a Mavie.global account, with MaVie being the main financial pyramid. This perfectly projects the cult-like behavior of MLMs and pyramid schemes. They make their victims believe they are a hand-picked group of friends, given a unique opportunity outsiders can’t have.

The client dashboard, and by its extension the FinUp app, thus, remained off limits to us. When it comes to account types, we can see several different membership plans. These are charged as a recurring yearly payment rather than a one-time investment.

• Starter – 199.95 USDT
• Growth – 999.95 USDT
• Pro – 2,999.95 USDT

Other plans are implicated as well, but to add to the confusion, the maximum account balance is mentioned instead:

• Elite – 50,000 USDT
• Premium – 250,000 USDT
• Supreme – 1,000,000 USDT

The loophole the con artists have invented makes victims go through MaVie to purchase a membership. This is how the platform distances itself from managing user funds, even though it basically does exactly that.

Clever Ways to Omit Service Costs

Since the firm, on paper, does not manage client funds, it doesn’t outline any costs. Not on the website anyway, but as we stated before, we couldn’t access the client area and there aren’t many FinUp reviews that discuss this.

One thing that really caught our attention was the investment calculator. It’s a staple of hoax sites – you enter a number, push a few sliders left and right, and see your alleged investment grow exponentially. In this case, the calculator also shows what is called a “Success fee,” which is set at 35%. The membership selection page has a profit split of up to 50%. It is unclear whether these are combined, applied separately, or whether one overrides the other.

No Mention of Payouts

Another part of the whole “we don’t manage money, we just provide an app” narrative is that there is no such thing as a FinUp withdrawal. The Terms of Service document, although lengthy, never addresses any possibility of a payout from the platform.

No matter the type of fraud, the notion of a payout is always just a pretext to take your money. Similar entities, like Apex Bitcoin Mining, are known to ask for additional payments in an advance fee follow-up fraud.

If you require assistance in recovering funds from any such fraudulent business, contact our legal team by using the live chat.

Don’t Rely On Support For Help

Website visitors may only reach out to the help desk by email. Whether this is true for members is not openly discussed.

One way or the other, contacting help means getting back to the same people who have defrauded you. Most probably, they will simply ask for more money, as is usually the case with other cons like EuroDex.

There Is a Way to Get the Stolen Money Back!

While the documentation utilized by the various parties involved in this fraudulent scheme is mind-bogglingly complex, remember that it is completely separate from any legality.

Do not let these cybercriminals get away with stealing your cash! Book a free consultation with our professionals as you start working on recovery. We are available around the clock in the live chat on our page.

FAQ

Is FinUp a Legitimate AI Trading App?

No, it is an extension of a known financial pyramid. We strongly advise against investing in this company!

What Can I Do To Recover Lost Money?

Use the live chat on our site to book a free consultation with our recovery experts. You may reach out to our team at any time.

In general, the Vkkcoin scam could be exposed in numerous ways. Firstly, the company was not operating transparently. Literally zero information was provided about the platform, features, and conditions. But also about legal details and security.

Secondly, the company was operating without regulations. That was the dealbreaker for any experienced trader. Therefore, you have to watch out for signs we reveal in this Vkkcoin review if you want your funds safe.

Never Had A License To Begin With

Vkkcoin was a fraudulent organization working on a global scale. Although their website is currently defunct, it left us some important breadcrumbs to follow. The company was allegedly operating from the US, but they were not licensed by the CFTC, as we deducted from the NFA BASIC search.

The company was operating in many strictly regulated jurisdictions, without any license or authorisation. We know this, because we’ve searched the registers of the most prominent regulators on the planet.

After inquiring with the FCA, FINMA, FSCA, ASIC and CONSOB, we found no traces of the company. All investment firms that handle client’s funds must be licensed and authorized by the regulator of the jurisdictions they are operating in.

Many regulators have imposed strict constraints on their investment firms. Negative balance protection and segregated bank accounts are only some of them. When dealing with an unlicensed firm, you forfeit these important financial safeguards.

In the case of Vkkcoin, the company just up and ran with the client’s funds, because they were under no supervision from the authorities.

Who Did This Scam Target?

The Vkkcoin scam was active for a very short period of time. In the timeframe of just a year, spanning from 2022 to 2023, they have managed to defraud a myriad of people from these regions:

• United States
• Canada
• Philippines
• Brazil
• Turkey

Unlicensed companies avoid traditional marketing methods, in an effort to evade persecution. Companies like Vkkcoin and FCF Markets rely heavily on boiler room agents and referral programs to attract new victims.

If you have been approached by anyone claiming to be an employee of an investment firm, break contact immediately. In the case you’ve already deposited with a scam like Vkkcoin or Forex48, contact our legal experts to see how you can start your chargeback process.

Disgruntled Traders Complain About Vkkcoin

Sites like TrustPilot are a good platform for posting client reviews. Beware of the fake testimonials, though. Many fraudsters employ review seller networks in an attempt to boost their reputation.

Here are a few comments left by the Vkkcoin victims:

“ It’s a total scam, also contacted by attractive Asia woman who convinced me to put in $150 which I did, now VKKCN doubled my amount and now according to the app I have 43300 USD value for the investment! Hahaha hilarious. Impossible to remove transfer or sell the EEA coin to get the money! “

“ VKkcoin is fraudulent. They froze my account and wouldn’t let me withdraw unless I topped off my account with more money. They have locked my account and won’t release my funds. They have never allowed me to withdraw. If you can read this do not continue! It’s a scam. “

“ They limit your ability to withdraw money when you deposit to sell your bitcoin, keeping your money there because they exaggerate the worth of cryptocurrencies. They require even more money to withdraw under the guise of verification, but as soon as you make this deposit, they’ll demand even more money! Save your time and money, it’s a scam! “

No Info On Trading Costs

While we couldn’t pull the info about different trading conditions from the vkkcoin.com website, there are still clues on how this firm operated.

One of the things that Vkkcoin used to offer are incredible returns on any investment. Allegedly, their clients can gain passive income by depositing assets to the platform.

The scam becomes obvious only when the victims try to withdraw. The company will then ask for insane fees and other costs to be paid up front.

Opaque Trading Conditions

No information is left about the Vkkcoin trading features. We weren’t able to find, or test, different trading platforms, for instance. Likewise, it was impossible to find anything about their alleged investment plans.

The fraudsters’ servers are down, and it goes without saying that creating a Vkkcoin login is impossible at this time.

Unreachable Trading App

Investment firms don’t require complex trading software for their business. Scams like Vkkcoin push the lower limit of what is considered to be a trading application, however.

These fraudulent companies feature opaque trading software that doesn’t give their client any insights into market shifts. Although you may always use Tradingview for market analysis, scammers don’t necessarily follow actual market shifts, but invent their own prices instead. 

Volatile Trading Assets

Scammers greatly exacerbate the actual market shifts, and let their victims believe that they are earning incredible sums in a matter of days. Vkkcoin pushed the idea of trading cryptocurrencies on the global market.

Vkkcoin featured crypto investments like these:

• Cryptocurrencies (Bitcoin, Ethereum, Ripple, Cardano)

Incredible Financial Gains

Vkkcoin is primarily a cryptocurrency investment scam. The clients were prompted to deposit an amount of FIAT or cryptocurrencies and let them ride, as they would say.

Many faux investment firms offer plans that yield incredible percentages in a very short amount of time. Investing with Vkkcoin could allegedly generate as much as 100% in a matter of 3 days, which would be a serious challenge even for a lifetime Wall Street broker.

With illicit investment firms like Vkkcoin, you won’t have access to a demo account.

Vkkcoin Never Allowed Withdrawals

Swindlers will always try to push the anonymity of cryptocurrency transfers as beneficial to their clients in some ways. Of course, this is done in order to protect the con artists’ own identity.

It is clear to us that Vkkcoin never let their clients withdraw. If you have invested with this faux company, you may rely on our chargeback experts to recover your funds.

Vkkcoin Customer Service

Remember, customer support with unlicensed companies does not exist to help you with any issues, but to solicit further purchases! The same is true for Vkkcoin as well.

Their support agents were all too happy to help you lose more money. If you tried to withdraw, however, they’d cut off communication and block you on all channels.

How To Recover Assets From Vkkcoin Scam?

Vkkcoin was a fraudulent investment firm that capitalized on the current cryptocurrency craze. The company operated without any authorization or supervision from regulators. This eventually allowed them to just up and run with their investors’ money.

Vkccoin Website Inactive – What Now?

As can be seen, the Vkkcoin crypto scheme is exposed. The company decided to run away with all the money they collected meanwhile. Therefore, you are left with a grudge and disappointment. Still, there is a way to recover the funds which should be your key priority.

In many cases, big transfers are done via crypto. These transfers are fast, approved only by the system and there’s no bank or any institution that could stop it. In the past, this method was highly efficient because there was no way to trace it or recover it. Nowadays, there’s a CipherTrace tool our experts are always using.

Therefore, don’t be upset even if you are sending crypto. There’s a way to get it back. Feel free to contact our refund experts for all the necessary steps.

Where to Report Scam Brokers?

If you experience a Vkkcoin withdrawal problem, you should immediately report it. Especially if the company is not regulated. The first option is always domestic regulators. However, if you want to raise the game to the next level, contact Tier 1 authorities.

Such as FCA, CFTC, BaFin, ASIC. These regulators have a lot of work since many swindlers target countries regulated by these. If you still don’t know if your broker is scamming you or not, book a consultation with our team and talk it through.

FAQ Section

What is Vkkcoin?

Vkkcoin is an illegal investment firm that capitalizes on the current cryptocurrency investment craze.

Is Vkkcoin a Scam?

Vkkcoin is a complete scam. The only reason their domain vkkcoin.com existed is to attract victims and steal their money.

How To Get My Money Back From Vkkcoin?

To recover assets from Vkkcoin or other financial scam, get in touch with our team of professionals. Don’t let your money go to waste! Book a free consultation today via the live chat to learn more.

Does this website look suspicious to you? It’s perfectly natural if you think that way because there are a lot of fraudulent details regarding SSC Investment.

Thus, we analyzed what this bogus website offers to expose the underlying investment scam. The truth is here in our SSC Investment Review.

Is SSC Investment a Scam Broker?

It’s hard to discern the exact legal status of SSC Investment since the website is really misleading. The shady broker claims to have offices in the UK, Germany, and France.

On the other hand, a part of the Terms and Conditions text states that the agreement is subject to the laws of Seychelles. Also, the text says that this brokerage is run by Halebore LTD, allegedly based in London but not registered with the Financial Conduct Authority (FCA).

Halebore LTD is bad news because there are a lot of warnings against the company, which we will reveal in the following section. 

To conclude this section, SSC Investment is unregulated, i.e. a cyber scam, just like Axe Market. Avoid these fraudsters and find a reliable broker that is regulated by financial market authorities such as the FCA (UK), ASIC (Australia), BaFin (Germany), CFTC (US), IIROC (Canada), etc.

Warning Issued by Financial Authorities

And now, for the warnings we mentioned in the previous chapter. The warnings came from Germany’s BaFin, Austria’s FMA, Norway’s FI, and the Dutch AFM. It’s important to note that these warnings are not against SSC Investment directly. 

They are directed against the company behind the business, Halebore LTD. If these two entities are truly connected, then you must heed these warnings and avoid SSC Investment at all costs.

The Opinions of Traders On SSC Investment

To put the final nail in SSC Investment’s coffin, we decided to share traders’ experiences. There are loads of complaints against the broker.

Traders are frustrated because they got scammed by SSC Investment in a deceitful manner. We were not surprised when we found out about withdrawal issues, a common occurrence with scammers such as SSC Investment and Vital Markets.

I signed up with 250€ Everything seemed fine I managede to make 53.000€ that was all perfect.
But the moment I wanted to withdraw 100€ they wanted me to withdraw the entire amount and pay a fee on 10.000€ which is impossible for me… So now they have a account with 53.000€ witch will never get paid out. The broker Amy is trying to force me to loan the money which is no option.

– Trustpilot user, May 3, 2023.

SSC Investment’s Platform

We had a hard time trying to navigate the website in search of information regarding SSC Investment’s trading platform. In one small segment, the website says this platform is web-based.

So basically, we have an unregulated broker with an online trading platform. From our experience, online platforms are not reliable, i.e. lackluster and ineffective.

Web platforms offer just some elementary charts, graphs and indicators. SSC Investment does not support valid third-party trading software such as MT4, MT5, or SiriX.

Which Financial Instruments Does The Platform Offer?

According to the broker’s website, traders are promised the following instruments:

• Forex currency pairs;
• CFDs on popular assets (stocks, indices, commodities);
• Crypto assets (BTC, ETH, USDT…).

SSC Investment’s Areas Of Activity

When it comes to SSC Investment’s areas of interest, this fraudster set its gaze on several reputable domains:

• US;
• UK;
• Germany;
• Canada;
• India.

Except for India (Tier 2), the rest of these domains have Tier 1 regulations, i.e. the best possible. The regulators in these countries are merciless, which can be seen from the warning issued by the German watchdog BaFin. Alarmingly, SSC Investment has been providing services illegally all along.

Account Options Offered by SSC Investment

Here’s an overview of SSC Investment’s account options:

• Basic – 250 $;
• Bronze – 5,001 $;
• Silver – 25,001 $;
• Gold – 100,001 $;
• Platinum – 500,001 $.

Those are the minimum deposits and as you can see, these accounts are pricy. They offer numerous perks but we do not trust SSC Investment.

It’s most likely a ruse to persuade a certain trader to invest money. Key trading conditions such as the max leverage, spreads and trading commissions were not disclosed.

Instead of specifying those things, SSC Investment was focused on bonuses. Each account type offers a hefty bonus upon deposits. Here you should know that bonuses are banned in the UK and Europe; further proof that SSC Investment isn’t a legit broker.

AnyDesk

We must stress one important thing – AnyDesk! The website included an AnyDesk download link. This app allows one user to access the PC of another and all the files there. 

Per se, AnyDesk is a useful app, but as such, it can be used for crooked purposes, as SSC Investment plans to do. You must deny this fraud access to your personal information!

Can a Trader Use a Demo Account?

No. SSC Investment did not include a risk-free demo account. What this means is that in order to trade with SSC Investment, you have to open a live account and invest real money.

If you’re new to trading, this is the worst possible thing you could do, especially considering that this financial swindler is unregulated. 

SSC Investment included a promo code option on the registration page. This cunning code the scammer sends to the individuals it wants to defraud.

Terms of Service for SSC Investment 

To reiterate, SSC Investment’s Terms and Conditions are full of lies. Crucial info was left out or fake news. It mentions the UK and Seychelles being the jurisdictions under which the broker operates.

SSC Investment cannot possibly be a UK broker, it is not regulated by the FCA. And the dubious Halebore LTD is on the blacklist of multiple European regulators.

Withdrawing Profits From Your Broker Account

SSC Investment’s withdrawal policy is vague and insufficient. But the two main pieces of information we got out of it are the fees and payment methods:

• Credit/debit cards;
• Wire transfers.

As for the fees, SSC Investments charges a wire fee “in the amount not more than 50 Euro in case of bank transfer by the Company in favor of the Client”. The inactivity fee is 50 EUR and kicks in after 90 consecutive calendar days of inactivity.

What Should I Do If I Got Scammed By SSC Investment?

If you have any evidence that SSC Investment violated any terms and conditions, please let us know. You can also write a complaint on the forum to warn fellow traders about this scam.

As for us, we can help you by first reporting the scammer to the authorities. If you need assistance in getting your money back, just give us a call. Our team is ready to guide you through the chargeback process.

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

What Is SSC Investment?

SSC Investment is a fraudulent cyber scam presented as an FX and CFD trading brokerage.

Is SSC Investment a Regulated Broker?

No. SSC Investment is not a regulated broker and the company behind it is on several regulatory blacklists.

Does SSC Investment Have a Referral Program?

No. SSC Investment did not include any kind of referral or affiliate program.

Does SSC Investment Offer a Demo Account?

No. SSC Investment does not offer a risk-free demo account for practice.