Whenever we see an offshore broker with no regulation, we have to ask – what are these brokers trying to achieve? Are they even trying to register somewhere, get a regulation, or just use the fact that offshore countries are blind for their offences? Read our BullishFXMarkets review and find out everything about this particular broker.

BullishFXMarkets Regulation and Security

The brand is owned by Raw Trading Ltd, a company based in Seychelles. To get more information on the company owner, you can read our ICMarkets review. The brand belongs to the same company and has many warnings regarding scams. You will get a better picture of who Raw Trading Ltd is and why you should not trust BullishFXMarkets either.

The broker claims to keep funds in the National Bank of Australia. However, since the company owner is based in Seychelles and has no regulation, we highly doubt that a reputable bank such as NAB would be dealing with this brokerage.

Warnings From Financial Regulators

We’ve decided to check regulatory warnings and search for BullishFXMarkets and its owner, Raw Trading Ltd. Here is what we found.

The Italian CONSOB and French AMF issued warnings against Raw Trading Ltd, while CySEC issued a warning against BullishFXMarkets directly.

Be aware of the BullishFXMarkets scam, and do not forget to report this illegal brokerage!

How does the online trading scam work?

Usually, everything starts with an appealing ad that shows you how your future could look like if you just invested a few hundreds of dollars. And you think to yourself that you might do just that. End of the day, all those Warren Buffets and Bill Gates didn’t make money by letting it sit in the bank. They invested it.

But here is the catch – they did not invest their money with an unregulated offshore brokerage such as BullishFXMarkets. This particular company demands you to start with a minimum of $200. In return, you are getting access to MT4, MT5, or cTrader. Again, here is the catch. Depending on the account type, you are getting the platform. For the Standard account, you will get only a cTrader. To get any MetaTrader, you will need to go to accounts with higher commissions, such as Raw Account. 

As you can understand, making money with an illegal offshore company is nearly impossible.

Scammed by BullishFXMarkets?

The big question – what to do if you get scammed by BullishFXMarkets, or any other illegal brokerage? You need to file a dispute and request a chargeback.

But what is a chargeback? It’s a way of refunding your card in case you were a victim of an online scam. You have 540 days to request a chargeback, so stop wasting time!

Get in touch with us now, and let’s get your money back!

What is BullishFXMarkets?

BullishFXMarkets is an online trading brokerage based in Seychelles.

Is BullishFXMarkets a scam?

Since the company is offshore, has no regulation, and there are many regulatory warnings against it, we can say it’s running a scheme.

Is BullishFXMarkets regulated?

No. BullishFXMarkets is based in Seychelles and has no regulation for its operations.

The company operates in Saint Vincent and Grenadines, for which they provided a registration number. Such companies are always suspicious because they are not working practically under any regulations, like Blink Trades.

That’s exactly why most scamming companies will be registered offshore. The institutions there don’t bother with regulating the forex and trading market at all. The company doesn’t provide any phone number where it can be reached. Huge red flag at the start of this Blink Trades review.

Blink Trades Broker Scam Without a Legitimate Forex License?

Registration number and license number are two completely different things. This company is trying to mislead clients into believing that their registration number presented on the website is something good. Actually, it is not.

Above all, this company doesn’t have any license, especially not from Tier 1 Regulators like BaFin, FCA or ASIC. We wanted to do the full research and we checked a database of mentioned regulators.

As a result, we couldn’t find anything linked to Blink Trades broker.

Blink Trades provide a trusted trading platform, but they don’t provide any security. There is no negative balance protection, no license and no contact number anywhere, only an e-mail contact option. Stay away!

 Why It Is Better Not to Choose An Unlicensed Broker

These companies are using dirty tricks to lead clients into their scamming net. This company for example is scamming traders from Italy and UK. They are often providing services that are not allowed according to regulations.

For example, cryptocurrencies are not allowed with FCA. Leverages higher than 1:50 are not allowed as well. Not to mention bonuses and similar benefits that companies are using as tricks.

Blink Trades Software – How Safe Is The Platform?

The company has done a very good job of hiding its downsides. They provide a very standard platform for trading which is Meta Trader 5. Besides that, the company states they provide clients with web trader as well.

This is very good compared to other companies, but don’t let that trick you. This Blink Trades review is showing that their web trader is nothing spectacular. To be precise it doesn’t exist.

MetaTrader 5

This is standard for trading companies these days. Especially desktop version has a lot of advantages and functions. For example, this version offers a Market Depth function with sales information. It includes as well support for trading orders, execution models and more.

Webtrader

Once we wanted to check out web-trader we were redirected to MT5 again. If the company offers something that they can’t provide we should back out on time.

In short, even if it exists it would be questionable if it’s not manipulated. Like many other web-traders that we saw in the past that were presenting false information.

Blink Trades Range Investment Opportunities – Trading Instruments

With Blink Trades trading, you have a wide specter of assets available. To clarify, cryptocurrencies are not allowed with licensed brokers. Let’s name some available:

• Forex                     AUD/JPY, CAD/USD, GBP/EUR
• Commodities         Gold, Platinum, Natural Gas
• Indices                   DAX30, FTSE100, S&P500
• Stocks                   Amazon, Adidas, Apple
• Cryptocurrencies    BTC, ETH, USDT

Don’t forget that leverage is that leverage on these assets is very high and dangerous.

Where Does Blink Trades Commit Fraud? – Countries Of Service

Going through Blink Trades reviews we found that they are scamming people from:

• UK
• Italy

We highly doubt these are the only countries. They are just avoiding countries that are very strict and powerful against scammers. By the end of this BlinkTrades review you will have a full conclusion.

Blink Trades Accounts Overview

The company only offers two different live account types. Those are Standard and Premium accounts. The minimum requirement is 200 EUR for Standard and 5000 EUR for Premium account.

Minimum lots are the same 0.01 and there is a commission on the Premium account in the amount of 0.05 dollars per micro-lot ( 0.01 )

Company Offers a Demo Account?

Great thing is that you can see exactly why not to trade with this broker. Checking spreads and platforms with a demo account you quickly realize it’s not worth it.

To invest money in a company that doesn’t have a license would be nonsense. Better than a demo account is a live micro account with 10$ investment.

Minimum Deposit and How Do I Withdraw?

As mentioned, the minimum requirement is 200 EUR. The first initial deposit needs to be done with a bank transfer. Others could be done with a debit or credit card.

After you submit the withdrawal, the company needs to confirm that. You can use only the method that you used for depositing.

Moreover, if you are not able to get the funds there, they ask you for alternative payment information.

Partnership and Bonuses

This program allows you to bring more people into Blink Trades company. For that, they have developed all logistics for advertisements. Your job is just to bring people. Sounds like a Ponzi scheme.

As a result, you can get up to 700$ for that affiliate program. Besides that, they offer revenue sharing. You allegedly get percentages and commissions from people that you bring into this scam.

Blink Trades Terms and Conditions

Since this broker is not regulated, we would take any T&C with reserve. Their spreads are 1pip for standard account + interbank spread. For Premium, you only have interbank spread.

This interbank spread represents the difference between the bidding and asking price of currencies.

Scammed by a Blink Trades Broker? – Allow Us to Hear Your Story.

The worst thing is when you think that everything is gone if you are scammed. That is not true. Share your story with us and let us know what happened.

We are sure that our experts can give you advice on your first step with a chargeback.

What Is the Chargeback Procedure?

This is a process that involves requests from cardholders or merchants to reverse transactions. It can be performed when a Credit or Debit card is used.

If you have never done this, don’t worry. Book a free consultation with our experts now!

FAQ About Blink Trades Broker

What Is Blink Trades?

It’s an offshore trading company that is registered in St. Vincent and Grenadines. Of course, they don’t have any Tier 1 Regulations.

Is Blink Trades a Scam Broker?

Yes. There are many indicators. No license, no contact info and high leverage.

Is Blink Trades Available in the United States or the UK?

The company only offers services to UK clients but not US.

Does Blink Trades Offer a Demo Account?

Before you open one of two live accounts, you can check their demo account first. 

As the online Forex world constantly evolves, so do the scam methods. In this Lynx AI review, we unfold the ongoing sham that forces its targets to contact customer support and subject themselves to boiler room brainwashing.

Once you hear more about the rotten scheme unfolding behind the site in question, you won’t be surprised to learn that the firm is also blacklisted.

Lies Behind the Facade

Don’t mistake this faux online trading brand for anything else just because of its fancy website. The firm running the Lynx AI scam is not known to the public. As a matter of fact, the entity isn’t even clearly named anywhere on the site.

According to the vague corporate information, the owner of the web presentation is a company named ynx-trading LLC. This business should be registered in SVG if we were to believe their suspicious statements. However, the public register of SVGFSA contains no entity under this name. It remains highly questionable whether the company exists as such in the first place. 

Not a Legitimate Brokerage

Even if the firm was indeed registered with SVGFSA, that wouldn’t be enough for them to be eligible to promote and sell online financial services, especially to EU and UK traders. SVG is a popular offshore zone for illicit brokerage projects, as its local regulator doesn’t oversee Forex dealers.

In addition, this company is also blacklisted by the French AMF. That means that the website is not safe, as the company doesn’t hold a mandatory license. Such brokers can’t provide proper security measures and fund safety, as well as negative balance insurance or compensation funds. 

How Swindlers Find Their Marks

The trio of domains are functionally one same website, as all of the separate websites are redirected to lynx-trading.vip. Of all the domains, lynx-ai.pro is the earliest, created in July 2024. This is why you find any Lynx AI reviews on the web.

The con itself functions as your run-of-the-mill scam call center, known as a “boiler room.” It employs charismatic and persuasive people to contact potential victims directly. Usually, these “boiler room agents,” as they are known, will pretend to be financial experts and offer an unrealistically lucrative business opportunity. This is a strategy Dealnet Capital employs as well.

In this case, the majority of the victims are from the following nations:

• United Kingdom
• Canada
• Spain
• Netherlands

Account Opening Process as a Bait

An investor who wishes to test the trading environment on this platform can’t easily open a Lynx AI account. No matter which credentials you use, you will be notified that your activity on the website resembles that of a robot, and the process will be aborted. 

Then, you will be urged to contact the support office to allegedly help you with the registration. However, this is just another strategy to subject targets to financial manipulation conducted by boiler room agents.

Even if you somehow manage to register, these are the account options available without any clarification on the costs:

• Classic 
• Silver
• Gold
• Vip

Every account promotes some benefits, such as high leverage, swap discounts, and customized training, but nothing guarantees you get the service you pay for.

Opaque Trading Costs

Depending on the account type, clients, or better said, victims can expect leverage varying from 1:100 (Classic) to 1:400 (VIP). In the majority of nations, leverage is capped by law at 1:50 or lower, and leverage this high is illegal.

Swaps are described as “basic” or having discounts ranging from 10% up to 25%. Likewise, spreads are basic, silver, gold or VIP. Of course, you’d expect these to be transparent, tangible numbers – but schemers don’t care much.

Other charges, like fees, commissions, or taxes, are never mentioned.

Platforms and Instruments

Not much can be said about the trading environment. It is centered around a pretty ramshackle Web Trader, one you’ll often see with other con schemes like Kite Fx. There is no such thing as Lynx AI trading security, as the app itself is just a script imported from TradingView with a few additional buttons.

The trading software, if you can call it that, features these instrument groups:

• Forex – EUR/USD, AUD/CAD, CHF/JPY, EUR/AUD
• Cryptocurrencies – BTC/USDT, ETH/USDT, DOGE/USDT, CAKE/USDT
• Stocks – BOA, GM, Pfizer, VISA
• Indices – Nasdaq, S&P 500, Nikkei, IBEX
• Commodities – Gold, Crude, Coffee, Zinc

Payout Terms Not Included

It’s as if the conditions of the Lynx AI withdrawal are the least important aspect of the trade. The company doesn’t make a single mention of this. No matter how hard we looked at the scarce legal documentation, we couldn’t find a single piece of information pertaining to monetary transfers.

It remains hidden what transaction channels are supported, but in the majority of cases you’ll only find crypto. If that happens, you should always opt for Forex providers that have transparent pricing and support more transparent payouts. 

Don’t Rely on the Support Team

We’ve already mentioned how creating a Lynx AI login requires potential users to contact customer support. Since this is the case, you can already understand that the support team is not your friend.

Support is allegedly available 24/5, but you can’t contact them directly other than via an email address. This ensures that the communication is always one-sided and that the victim is completely dependent on their boiler room agent.

Need Help With Recovery? Get In Touch Today!

This fraudulent scheme uses several overlapping strategies in order to squeeze as much money as possible from their marks. The so-called brokerage is actually a well-devised con revolving around a boiler room.

Unfortunately, the cybercriminals running the site are not likely to return your money out of their own goodwill. Recovery of lost funds requires legal action, which is something our expert team is experienced in. You may book a free consultation at any time via the live chat on our site.

FAQ

Is Lynx AI a Regulated Forex Broker?

No, this company is completely illicit. It does not have any registration or regulatory license to provide its claimed services.

Who Do I Turn To For Help With Recovery?

Recovery of lost funds is not easy and requires help from a professional. Should you decide to do so, feel free to book a free consultation with our legal team.

You finally decided to invest your hard-earned money in trading. After searching for a broker, you’ve come vis-à-vis the eye of the tiger. This unscrupulous broker’s manner could bring many traders’ careers to the survival stage. If you don’t want to suffer that fate, then the TigersFM Review is a must-read.

Additionally, we strongly advise you to avoid the fraudulent brokers Caplita, Pioneer Markets, and XBTFX.

Is TigersFM a Scam or a Legitimate Crypto Broker?

Nothing about TigersFM is legitimate. Right off the bat, we noticed that the broker is anonymous, and consequently, unlicensed. All that the fraudster mentioned was some fictional Sabrin Alliance Inc. This imaginary name was probably derived from the work of B. F. Sabrin titled Alliance for Murder.

Nevertheless, we found something else in the T&C section. Namely, the illicit provider claims that its operation falls under the jurisdiction of UK law. 

Therefore, we decided to check what the UK’s Financial Conduct Authority has to say about TigersFM. Unsurprisingly, there’s nothing. It seems that the financial swindler is unlicensed.

TigersFM is an unauthorized and scamming broker that allegedly offers Forex, crypto and CFDs trading and favorable conditions. The financial swindler’s main targets are traders from Canada, Australia, Germany, Croatia and Poland.

Arguments for Trading With a Licensed Broker

Brokers that operate in the UK simply have to be registered with the FCA. Prior to that, they have to ensure a minimum operating capital of GBP 730,000. After obtaining a license, rigid rules come into effect. 

We’re referring to enabling clients to have negative balance protection and covering them with GBP 85,000 in case of bankruptcy. Also, their funds have to be stored in a segregated account in one of the UK’s Tier 1 banks. These are the perfect conditions that you’ll never have with TigersFM.

What Trading Platform Does TigersFM Provide?

TigersFM offers a simple browser-based platform known as WebTrader. This software features built-in news, an asset overview, and several elementary charts and indicators. 

In addition, a platform like this one can easily be manipulated by the fraudulent broker to display trading volume that isn’t taking place. Instead, your funds are transferred directly into the scammer’s pocket. Thus, promoting an unlicensed web platform is selling snake oil. 

Legitimate brokers offer standardized software such as MT4, MT5, and cTrader. These cutting-edge platforms offer social trading, and a wide range of TAs, automated trading, API integrations, etc.

What Can Be Traded? – List of Assets

According to TigersFM’s website, clients are offered the following:

• Forex pairs – EUR/USD, USD/JPY, EUR/AUD…
• Indices – NASDAQ 100, GERMANY 30, DOW 30…
• Stocks – Lloyds Bank, Visa, Tesla…
• Commodities – wheat, coffee, crude oil…
• Cryptocurrencies – BTC, ETH, LTC, XRP…

All in all, this seems like a comprehensive list of instruments. However, due to the fraudster’s unregulated status, we wouldn’t recommend you invest. After all, the safety of funds comes first.

Where Does TigersFM Engage In Fraud? – Countries Of Service

We did our research on which countries this malevolent scammer intends to get its claws into. The bad thing is that none of the local financial market authorities have reacted to the threat known as TigersFM. The good thing, however, is that we managed to get this info out. Now, we hope that this reaches traders in time.

• Canada;
• Australia;
• Germany;
• Poland;
• Croatia.

Also, avoid the trading frauds ETF Corp, Equalpros, and Cryptocycle at all costs! Moreover, before investing, always look into the past of internet trading firms!

Trader’s Reviews of TigersFM

At the time of this writing, TigersFM had zero reviews on TrustPilot. We checked some other forums as well and found no reviews. But that could be good news. It could imply that nobody’s yet fallen victim to this vile scheme. We certainly hope that’s the case.

Bonuses And Dangerous Conditions

If you need any more red flags regarding TigersFM, here’s a big one. We’re talking about bonuses. Yes, these annoying ‘incentives’ were designed to draw you into deep waters and prevent you from getting your money. 

There’s a reason they’re banned by top regulators. Read the following clause out loud and then ask yourself if making a withdrawal is possible under these terms. Seriously, the mentioned trading volume was set absurdly high on purpose.

What Are the Different TigersFM Account Types?

TigersFM offers five different account types. The financial market predator cunningly devised each of these to suit its needs, rather than the clients’. Thus, we have extremely high minimum deposits and leverage as well as persistent bonuses. Take a look.

• Classic – $250;
• Silver – $5,0001;
• Gold – $25,001;
• VIP – $100,001;
• Prime – $250,001;

Information About Demo Account

Things just keep getting worse with TigersFM. There’s no demo account. Yup, if you want to trade with this phony broker, you have to pay straight up without a taste of what it offers. Any legitimate broker will provide at least a sample.          

About Leverage, Spreads and Fees

As for the trading conditions, i. e. leverage, spreads and commissions, TigersFM really hit below the belt. Commissions weren’t disclosed and we believe that they’re extremely large. When it comes to spreads, we got 2 pips for the benchmark EUR/USD pair, which isn’t great either. It’s much wider than the industry’s standard of 1 pip and not competitive at all.

Last but not least, we got leverage. The levels range from 1:200 to 1:500. Keep in mind that regulators have limited leverage to 1:30 for retail clients, simply due to the fact that high leverage could equal great losses, especially in volatile markets like the crypto one. Guess what, TigersFM is primarily engaged in crypto trading.

High Minimum Deposit and Withdrawal Terms

The minimum deposit is $250, too high for an unregulated provider. Kiss goodbye to your funds if you decide to invest because TigersFM will pull out the vexing bonus clause mentioned earlier. Because the fraudster is anonymous, there’s little you can do to serve justice. Fees exist but weren’t disclosed. Shady to say the least.

For much less money, you can find a suitable and reliable broker that stores your funds in a safe place, not its own pocket.

Payment Methods Available

Acceptable payment methods with TigersFM include credit cards and wire transfers. Nothing wrong with keeping it old-school but that offer is pretty scarce. E-wallets and crypto payments weren’t included. Nevertheless, at least there are ways of getting a refund for credit cards and wires.

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

TigersFM has been put back into its cage. This menace will no longer bother anybody, hopefully. However, if the cyber fraudster managed to take your funds, consider the two ways of getting your money back. Read below about a chargeback and a recall. 

How Does Chargeback Work?

• A chargeback can be requested at the issuing bank within 540 days.
• It could potentially reverse credit card transactions but only if you haven’t provided the scammer with copies of your personal documents.
• For wire transfers, you ought to request a recall at the bank.
• If the transaction has been completed, the recall is bound to fail.

Get in touch with us today!

What Is TigersFM?

TigersFM is an anonymous and fraudulent provider that allegedly offers Forex, crypto and CFDs trading.

Is TigersFM a Scam Broker?

TigersFM is a scam broker due to its lack of transparency and shady background. Also, it’s unregulated.

Is TigersFM Available in the United States or the UK?

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

Does TigersFM Offer a Demo Account?

TigersFM does offer a platform overview on its website but not a free demo account.

Central Plus Finance claims to be a Forex broker with offices in the UK, Ireland, and the United Arab Emirates. However, the platform lacks essential trading licenses from reputable regulatory authorities in these jurisdictions, raising significant concerns about its legitimacy.

So is this company just another scammer like Roldex Pro? Is it possible to recover funds from this platform? All the answers you need can be found in our Central Plus Finance Review. 

Legal Info: Is CentralPlus Finance Regulated?

The broker’s website did not provide valid legal documentation; all the information seems fake. After doing some more digging on Central Plus Finance, we found out that the UK’s Financial Conduct Authority (FCA) issued a warning against Central Plus Finance on September 13, 2023. 

“This firm is not authorised by us and is targeting people in the UK,” the FCA states, implying that Central Plus Finance is a fraudster.

The phony broker is not licensed to provide crypto trading services. And since this company is not registered with the UK’s Financial Services Compensation Scheme (FSCS), the firm is not liable to compensate clients in case of insolvency.

Make sure your broker legally operates under the watchful eyes of top-tier financial market regulators such as the FCA (UK), CFTC & NFA (US), BaFin (Germany), ASIC (Australia), IIROC (Canada), MAS (Singapore), CySEC (Cyprus), etc. 

Let us know if Central Plus Finance scammed you. We can help you recover your money!

Who Are Central Plus Finance’s Victims?

According to godaddy.com/whois, the centralplusfinance.com website domain was created on May 18, 2023. Since then, the financial swindler has been primarily targeting traders who reside in the following countries:

• UK;
• US;
• Netherlands;
• Cyprus;
• Israel.

The scam broker is purposefully targeting traders from reputable financial hubs around the world. Do not forget, the FCA blacklisted the platform because the firm is not registered to provide Forex trading services.

Unregulated platforms such as Central Plus Finance and FoxicaTrading are extremely risky. Avoid investing in these foul schemes. 

Trader Reviews – Sharing Experiences

At the time of this writing, this firm had only 7 reviews on trustpilot.com with an average score of 2.5 (poor). Trustpilot is aware that “this company has received regulatory attention.”

The reviews scream scam. The traders on the forum explained how this company scheme works and why the platform is not legitimate. We also noticed that there are multiple dishonest and misleading reviews of this platform online, such as the one on biz.crast.net. 

Do not trade on unregulated platforms. We can help you find the perfect broker!  

Central Plus Finance Trading Platform

Company offers a web platform. In general, browser-based trading terminals are lackluster and oversimplified, not up to par with advanced software. Yet, the shady broker advertises it as if it were some kind of cutting-edge platform.

We know for a fact that this company does not support recognized third-party software such as MetaTrader 4, MetaTrader 5, or cTrader. What’s even worse is that this firm doesn’t offer a risk-free demo account, meaning you cannot log in and try out the platform for a trial period. 

Central Plus Finance Account Types

Central Plus Finance allegedly offers four live trading account types:

Leverage, Spreads and Commissions

Central Plus Finance’s maximum leverage ranges from 1:100 to 1:400, depending on the account type. Just keep in mind that high leverage is risky, especially if you’re a beginner in a volatile market. High leverage can amplify profits but also losses.

The platform supports popular trading assets and instruments such as Forex currency pairs, indices, commodities, stocks, and cryptocurrencies. However, this firm also did not reveal trading costs, i.e. spreads and commissions.

Central Plus Finance Withdrawal Process

Central Plus Finance listed several payment methods that can be used to deposit and withdraw funds:

• Credit/debit cards;
• Wire transfers;
• E-wallets (Skrill, Neteller, PayPal).

The minimum deposit requirement is a staggering 250 GBP, which is in line with what licensed brokers charge but still not worth risking with Central Plus Finance.

As for the fees, Central Plus Finance claims that there are no withdrawal fees. The broker is unlikely to fulfill your withdrawal request or respect the refund policy, which is why we will tell you a bit more about the chargeback procedure.

Funds deposited via MasterCard and VISA credit/debit cards can be refunded via a chargeback, which can be requested at the issuing bank within 540 days. Wire transfers can be reversed via a recall but this action can only work for transactions that are not yet complete.

Key Facts To Consider About Central Plus Finance

Central Plus Finance is an unlicensed Forex trading scam. The main targets of this company are traders from the US, UK, Netherlands, Cyprus, and Israel.

The platform was recently blacklisted by the UK’s regulator, the FCA. Several traders had issues with Central Plus Finance, which is the main reason why we do not recommend this platform.

If you lost money to the Central Plus Finance scam, please book your free consultation with us and tell us more about your case. If you need professional assistance in recovering your funds, our team will gladly guide you through the chargeback process.

Book your consultation with us today and start the chargeback process.

FAQ Section

What Is Central Plus Finance?

Central Plus Finance is a fraudulent Forex and CFD broker with a browser-based platform.

Is Central Plus Finance A Regulated Broker?

No, Central Plus Finance is not regulated. The platform is actually blacklisted by the UK’s FCA.

What Are The Account Types In Central Plus Finance?

Standard, Student, Bronze, and Silver live account types. Do not invest in any of these. If you already did, we can help you get your money back.

When considering opening an account with a broker, the first question is could this broker scam you? We decided to go in-depth about CIBFX broker and find out everything you need to know. Read our CIBFX review.

Regulation and Security

CIBFX is a broker based in Saint Vincent and the Grenadines. The broker is operating without any regulation. However, on its website is stated that CIBfx Ltd has another office in London, UK. We were unable to confirm this information, or find this broker in the FCA register. When a broker wants to have an office in the UK, FCA approval is a must. Therefore, we suspect this broker’s statements.

When it comes to the security of the funds, the situation gets even more confusing, since the broker does not provide absolutely any information about funds or data safety.

Warnings From Financial Regulators

We found warnings about this broker from Spanish CNMV and Danish DFSA. Seems that Europe noticed the scam activities of this broker and decided to warn the EEA zone citizens about this unregulated company. Both of the warnings are issued in 2019.

In which countries does this broker work?

When it comes to CIBFX broker, since it is unregulated, it shouldn’t be providing financial services anywhere. However, based on the reviews we were able to find, the broker is mostly operating in India, Bangladesh, Spain, and South American countries.

When it comes to restricted areas, the broker does not operate in Israel, Iran, Saint Vincent and the Grenadines, the UK, and the US. 

All this sounds very strange after claims that the broker is registered in Saint Vincent and the Grenadines and has an office in the UK.

Scammed by CIBFX? Chargeback Is Your Solution!

If you got scammed by CIBFX, there is a way to get your money back. First of all, you are not the only victim of this broker’s scam. You can file a dispute and ask for a chargeback.

But what is a chargeback? Chargeback is a way to get a refund to your card in case you were a victim of an online scam. Contact us immediately for free consultations!

Is CIBFX a good broker?

CIBFX is an offshore broker with no regulation. Also, the broker is poorly rated by its clients. We can say that it is not a good broker.

Is CIBFX a scam?

CIBFX is a broker without regulation. Therefore, all its activities are falling under the scam category. Also, the broker has a very poor reputation among traders.

Is CIBFX regulated?

No, CIBFX is an offshore broker without regulation. It is operating illegally.

Where is CIBFX broker based?

CIBFX broker is based in Saint Vincent and the Grenadines. The broker claims to have an office in London, UK. However, we couldn’t find it in any UK or FCA register.

Going through a long list of unregulated domains, we noticed GreenlinePro broker. Seeing that many clients have been involved and experienced withdrawal issues with this firm, we made sure to find all the information you need. Read our GreenlinePro review and get it.

What About GreenlinePro Regulation?

GreenlinePro is a shady anonymous firm. In the Contact section, you can find a bland explanation that the broker is based in London, UK. However, we already know this is just an alleged address when we get no information about the owner, regulation number, etc. In fact, the firm is probably offshore, providing unsolicited trading services from afar.

Why Must A Broker Have a License?

If you’re looking for a safe broker that’ll take care of your funds and ensure that you are able to withdraw profits, then you need a regulated company. Preferably, it’ll be a Tier1 investment firm, licensed by the FCA, ASIC, BaFin, or similar. 

Since GreenlinePro is allegedly in the UK, it should have an FCA license. Since this headquarters is only alleged, so is their regulation.

To add to the foregoing, we seriously recommend you to avoid fraudulent brokers such as BNBtgroup, EENmarket, and GetPrimeCrypto.

Traders Reviews of GreenlinePro

GreenlinePro seems to keep clients away from writing reviews. We did find some and what we saw was not good. Here’s just one of the examples.

“It’s 100% scam!!!!

 You can’t withdraw money!!!!

 Don’t do it (I have done it unfortunately) but you never see your money again !!!”

– Trustpilot Customer

What Platforms Does GreenlinePro Offer? – Available Trade Software

GreenlinePro stated that it offers an “easy to use trading platform, suitable for both seasoned investors and newbies.” Upon checking, we concluded that the firm provides you with the basic WebTrader, far from satisfying investment software.

You can overview your assets, open and close trades, and invest in more funds, but that’s about it. If you’re looking for a sophisticated platform, we always advise MT4 or MT5.

All About GreenlinePro Accounts

GreenlinePro definitely offers various account types and various perks. You can choose among:

• Standard – 250 EUR
• Bronze – 2,500 EUR
• Silver – 10,000 EUR
• Gold – 50,000 EUR
• Platinum – 200,000 EUR
• Diamond account – 500,000 EUR

Accounts differ in minimum deposit, spread, leverage, bonuses, support sessions, etc. If the firm were legitimate, this would be quite a solid offer.

Countries Where GreenlinePro Operates

Our research has shown that the firm mainly targets EU citizens. The majority are located in:

• Germany
• Czech Republic
• Belgium
• Switzerland
• Spain

GreenlinePro Range of Trading Instruments & Markets

Clients of the GreenlinePro broker can invest in the following trading instruments:

• Currency pairs 
• Commodities
• Indices
• Shares
• Cryptocurrencies

Please remember the names of the scammers The Investment Center, Gordonzak, and 365Falcon and stay away from them! Also, before investing, always examine the history of internet trading organizations!

GreenlinePro Trading Conditions

The trading company has some suspicious trading conditions. For instance, the leverage goes up to 1:600, while the UK regulator has set a limit of 1:50 for the Forex market and 1:2 for crypto, which means that the broker cannot be a UK-based and regulated firm.

Also, the spread is over 1 pip for EUR/USD pair, making this firm even less desirable. On top, you’ll have to pay 1% for all executed trades, while all deposits are subject to fees. There’s an additional quarterly fee of $75 for all accounts. Why? Because they can.

GreenlinePro Bonus Policy

The firm provides up to 100% bonus but doesn’t have a Bonus Policy. Judging by other fees and commissions, GreenlinePro employees will come up with some hefty charges and rollovers for the bonus. Since the exact amount is unspecified, it’s left for them to determine how much you can afford to invest and to pressure you to do so, allegedly to repay the bonus. In fact, it’s just a lure to make you invest everything you have and disappear.

GreenlinePro Deposit, Withdrawal Methods, and Fees

GreenlinePro’s minimum deposit is 250 EUR, while the minimum withdrawal amount is $100. As mentioned, deposits are subject to fees, while withdrawals allegedly aren’t. Besides the deposit fee, clients have to pay a dormant fee of 30 units every month, assuming your account is inactive for more than 60 days.

What to Do if I Get Scammed by GreenlinePro? – Tell Your Story

If you get scammed by GreenlinePro or a similar firm, let us know. We will book a free consultation, evaluate your case, and help you file a dispute for a chargeback.

But What Is A Chargeback?

This is a way for your bank to reverse the fraudulent transaction and get your money back. If you have issues getting withdrawal, a chargeback is your only solution. Don’t waste more time; get in touch, and let’s start the process now!

What Is GreenlinePro?

GreenlinePro is an online Forex and CFD trading provider without regulation.

Is GreenlinePro a Scam Broker?

GreenlinePro is a scam firm that operates without a license.

Is GreenlinePro Available in the United States or the UK?

The broker provides services in the UK but doesn’t operate in the US.

Does GreenlinePro Offer a Demo Account?

No, GreenlinePro doesn’t offer a Demo account, only Live ones.

It’s impossible to believe the story of this false exchange about providing the highest security measures and, at the same time, the richest choice of crypto coins to trade. With a phishing warning and two regulators issuing public alerts, this firm represents a threat to every crypto investor out there. 

That’s why you should first read this Bitetoro review in order to keep your funds safe and your investments lucrative.  

Unaffiliated with Vie Finance

The bitetoro.com website is claiming to be a brand of a highly respectable and regulated firm – Vie Finance, which is licensed and supervised by HCMC. However, the claims are not true in the least and the scam scheme is in no way related to this company. 

It was recently published by the said regulator that Vie Finance has no connections to a bunch of websites that claim to be run by this reputable firm. The full list can be found on the regulator’s website, and one of the entities on that list is our little scammer in question.

In addition the brand we’re reviewing isn’t licensed by any other authority, let alone a Tier 1 body. That efficiently rebukes all their claims about utmost security and safety conditions applied. In the end, they’re nothing different than textbook schemes like Roisea, that promise anything just to get you to invest. 

Abusing A Well Known Name

Our inquiry with WhoIs revealed that the fraudulent site was launched in November 2023 with main targets being these countries:

• Australia
• Belgium
• Chile
• Saudi Arabia

In order for the site to get any traction the swindlers decided to make the name of their exchange sound as close as possible to a reputable company. In this case that would be eToro, one of premier Forex providers.

The company’s boiler room agents use these similarities when they solicit the services to their potential victims by phone. They claim to have created a new disruptive strategy that can yield easy profits to anyone… But this is all a sham, and recovering the invested assets becomes so problematic, it requires professional assistance.

Hidden Fees and Other Traps

Just another red flag detected on the website lies in the fact that no fees and trading costs are given explicitly. For any trading information you wish to obtain, you have to refer to the legal documentation. 

Terms and Conditions state that by signing up you first accept to pay the company all and any trading and other fees occurring while using the service. There’s a wide range of fees, and the customer is solely obligated to cover them all. 

Not all these charges are clearly defined, but what we do know is that there’s a mandatory fee of 1% (all deposits), 1.5% (all the transfers), 2.5% (all insurances if required). And when the company decides to freeze an account, without any particular reason and without prior notice, they immediately deduct 18-20% of the current balance.

Unusable Tools

Just like any other exchange, this firm also tries to leave an impression of a wide range of services available. There’s an exchange, options trading and staking possibilities, but of course, these are all bogus services. Nothing is worth investing your money in when it’s all just a farce.

Joke of a Platform

Attempting to place orders and hoping to generate profit on this terminal is worse than simply throwing your hard-earned cash into a fire pit. The stats given and the moving of the graph have no connection to the real state of the market and the current price trends. 

Naturally, you can’t even test the defunct software without coughing up cash. There’s a reason the functionality is locked behind a paywall. The fraudsters know what they offer is rubbish but they do not wish you to find out before you invest real cash.

Banned Form Of Trading

The assets that the company provides for trading are the notorious crypto binary options. If you’re unfamiliar with these instruments, the type of “trading” they are involved with is basically gambling. Indeed, if you take a look at the app, you will see that trading is called a “Bet Game” instead.

With binary options, traders choose an asset and bet on whether it would appreciate or depreciate in a predetermined time frame. These trading instruments are banned in most regions, including Europe and North America.

• Cryptocurrency Binary Options – BTC, ETH, BCH

Expensive Premium Status

Account creation process is fairly fast and no personal details are immediately asked of you to share. However, that profile you activate at first can’t get you anything, and you’ll be urged to confirm your data, verify the account and invest money. 

The website shares no particular details about what your account features, except that the Premium membership costs 0.31 BTC, which is quite pricey, with no explanation on what benefits it offers. In addition there’s staking options for various currencies with APY between 1.35% and 9.79% in terms between 60 and 180 days.

Unknown Payment Processors

Withdrawal of funds is said to be carried out from the cryptocurrency wallets of the exchange to other cryptocurrency wallets that are not in the ownership of the said exchange. These wallets belong to other payment systems that remain unmentioned. In addition, none of the incurring fees are clarified, either. 

This much secrecy revolving around monetary transactions only solidifies our doubts about this service being an anonymous sham. 

Support Chat Doesn’t Work

The only option for contacting the customer service is given after signing up. From the user area you can use the live chat function to try and get in touch. However, after repeatedly attempting to send through a message, no one ever replied.

What Can You Do To Recover Cryptos?

The explosion of cryptocurrency markets also saw a steep rise in various forms of fraudulent entities. This one is no different, as they use the same methods to defraud people as Glenrocks does. For all their bragging, the firm has failed to provide any trading amenities you’d expect from a reputable firm.

Recovering crypto assets from con artists is a problematic affair. Your best option is to seek professional help, and start legal action. You may book a free consultation with our experts at any time thanks to the live chat on our site.

FAQ Section

What is Bitetoro?

This is another textbook crypto fraud with a poorly designed site and a defunct bogus platform.

Is Bitetoro a Legit Crypto Provider?

No. While they claim to be a brand of Vie Finance, HCMC has published a document clarifying that no such connection exists.

How to Track and Trace Lost Crypto?

With the existence of advanced software solutions for that, our recovery team can help you regain lost crypto.

Seeing that the website of your preferred investment company shuts down without prior notice is not on the list of pleasant things.

As you will see in our Coin-Exchange review, there are multiple reasons for this occurrence. The company has been problematic from the start, and once the authorities caught wind of wrongdoing it wasn’t long before the fraudsters pulled the plug.

In the age of cryptocurrencies and digital investments, finding a reliable and secure platform is more important than ever. Keep reading our article to learn about telltale signs of fraud, and how to remain protected.

Registered But Unlicensed

It’s difficult to ascertain the exact legal background of the alleged firm that used to run the coin-exchange.uk website.

On one hand, we have Coin Exchange Limited, a UK Companies House registered entity going as far back as 2009. On the other we have an outstanding FCA warning about this exact firm, as seen providing or promoting financial services or products without permission.

For the time being the company is marked as dormant, meaning they currently do not engage in any business. Whether it is this exact entity that is acting as accused is somewhat murky. The website might as well be a so-called clone company scam, using Coin Exchange Limited to fake legitimacy.

In another development, IOSCO has repeated the same warning issued by the UK authorities on their site. Multiple blacklist entries are not to be ignored, and potential clients are warned not to conduct business with this unlicensed firm. The dangers range from complete financial loss, to data leaks and security breaches.

History Of The Fraud

We have already pointed out that the alleged parent company was founded in 2009. The coin-exchange.uk domain is much younger, dating back to November of 2022.

If we take a more detailed look at the WhoIs database, we can see that the website has been suspended prior to domain expiration date. These nations were particularly affected by the con:

• United Kingdom
• India
• United States
• United Arab Emirates
• Pakistan

The firm is virtually unknown in the cryptocurrency circles. In order to get more clients, this company relied on viral advertising via X and Instagram. The presence of a now closed Telegram channel also points to the activity from so-called boiler room agents, similar to how BizzTrade runs things.

Fees And Commissions

As the domain is suspended, we had to rely on 3rd party sources when it comes to the fee structure. The information that is left in the web archives, unfortunately, does not contain anything about costs, or investment plans. This, in turn, significantly hampered our ability to gauge the risks or trading costs.

As a general warning for potential investors, if the deal seems too good to be true it most certainly is. Do a thorough research into the current industry averages before committing any funds to avoid financial mishaps.

Referral Pyramid

One thing that is left clear as day is the referral program. Besides the alleged commission returns for adding new recruits, the firm also allowed their recruiters to climb the ranks, so to speak.

These ranks are called VIP levels, and are dependent on both the number of recruits and accumulated deposit. The firm claimed to pay out $500 monthly to the highest VIP level. This is all a bait to get more people to invest in the financial pyramid, and nothing else.

Features Lost To Time

With the website rendered inoperative, we have access to a limited pool of resources. Even when the fraud was active, there weren’t a lot of advertisements about the alleged service, though.

We have done our utmost to bring you the remaining data, and compare what we found out with the current averages.

No Trading Platform Info

Only the advertisements about the Coin-Exchange platform are left. We couldn’t test the software first hand, and see for ourselves about this “Safe and Secure” app running on “lightning fast” servers of theirs.

As there are no separate download links, we can wager the platform in question is not one of the industry standard programs like cTrader, MT4 or MT5. More likely, it used to be a ramshackle web trader, similar in function to the one from Coin2FX.

Crypto Assets Only

The company’s selection of investment assets only included cryptocurrency related instruments. It’s true that the addition of cryptos has become a trend with regulated investment firms as well. However, it’s also exceedingly rare for a company to only offer these assets as a basis for their business.

This is what we could pull out from the bits and pieces left after the sites’ closure:

• Cryptocurrencies (BTC, ETH, EOS, QNT, MANA, OMG, SLV, DOGE, LUNA, USDT)

It’s important to point out that even though much of the website is completely defunct, there is still a ticker crawl going about. It shows that all of the assets are constantly on the rize, something which is quite unrealistic.

Unknown Investment Plans

Although there were a number of investment packages, this portion of the data was unfortunately not preserved. No account type, or investment plan information is available anymore.

Something that you should keep an eye on is the ROI when selecting an investment firm. Fraudulent companies usually give high numbers for unrealistically short timespans. Claims of passive income and high profits are the most common scam bait!

No Payout Policy

With all their claims of high profits, the swindlers forgot to mention any Coin-Exchange withdrawal policy. The fact that the platform only featured anonymous cryptocurrency transfers made it easier for the con artists to hide.

Getting your funds out of firms like this is extremely difficult without the aid of a specialist. Contact us today via the live chat, and book a free consultation with our legal experts to start a chargeback procedure.

Customer Service

Many of these fake investment firms present a number of customer support channels in order to fake credibility. While the coin-exchange.uk site implemented a live chat function, it is no longer functional. Besides this, the only other support channel was email.

Need Help With Recovery? Get In Touch Today!

There’s little doubt that Coin-Exchange was not the honest and legitimate company they claimed to be. Their alleged parent company has been dormant for some time, and the so-called investment firm that operates the website was never licensed in the first place.

With the main site currently shut down, the fraudsters have effectively cut communication with their clients. There are still ways to recover the invested money, though. Use the live chat on our website to book a free consultation with our chargeback professionals!

FAQ Section

What Is Coin-Exchange?

It is a fake investment firm that defrauded thousands of people all over the world. For help with reimbursement, contact our chargeback experts via the live chat.

Is Coin-Exchange.uk Regulated?

No, this firm is completely unregulated. It is blacklisted by multiple regulatory bodies.

Which E-currencies Does Coin-Exchange Accept?

It is unclear which cryptocurrencies were used to fund this illicit investment firm.

Buxberg is a brand of Buxberg Ltd, allegedly based in Hong Kong. Since we hadn’t found a regulation number, we immediately suspected this story and started investigating the case. No, Buxberg is not regulated, and no, it’s not a Hong Kong-based brokerage.

Read this Buxberg review and you will understand it all.

Buxberg Signs Of Fraud

Buxberg is owned by Buxberg Ltd with registration number 26707BC2022. This number belongs to the FSA register of Saint Vincent and the Grenadines, where the firm registered its business in April this year.

Despite false claims to be based at 1 Harbour View Street, Central, Hong Kong, there’s not a single proof of this statement. The broker doesn’t have an HKMA regulation, nor is the business registered in this country. All we can conclude is that Buxberg is a good old offshore scheme trying to pretend to be something else.

How Unsafe Is An Unlicensed Broker?

Saint Vincent and the Grenadines don’t have a financial regulator. Thus, if a broker has headquarters in this offshore country, it’s a clear indicator that it’s avoiding regulatory supervision. 

Trading with offshore and unregulated brokers can do more harm than good. You have no money-back guarantee and no idea if you will ever be able to get a withdrawal. 

What is more, we strongly advise you not to invest in Aurora Coins, AxisCapital and Fx24trade fraudulent brokers.

​​Is Buxberg a Legit Broker or a Scam?

Buxberg is not a legitimate brokerage. The company is based offshore and has no valid financial regulations. It falsely claims to be based in Hong Kong.

Traders Reviews About Buxberg

Since Buxberg falsely represents itself as based in Hong Kong, many investors were lured into investing based on false pretending. After they have been scammed and filed a complaint, they have learned the truth about the firm.

This broker doesn’t approve any withdrawal requests, and getting the money back is nearly impossible. If you find yourself a victim of the Buxberg scam, report it immediately.

Buxberg Trading Software – WebTrader Platform

Buxberg claims to offer a WebTrader that’s user-friendly, full-powered, and easy to use. However, after we tried signing up, we were informed that we didn’t have the correct referral code. This means that we cannot verify if there is a platform and all customers have to have a conversation with the broker’s employees before signing up. 

If you want to start trading, never settle for web-based software. MetaTrader is the most powerful trading platform with the largest number of charts and indicators. Find yourself a legitimate broker with MT4 or MT5 and secure your funds.

WebTrader Mobile Version For Android And iOS

Allegedly, there’s a mobile app for Buxberg Android and iOS apps. Since we don’t have access to sign up, we cannot confirm it.

All About Buxberg Accounts

If you’re still interested in trading with Buxberg, which we highly doubt, here’s a trading account overview.

1. Beginner – $2,500
2. Standard – $5,000
3. Intermediate – $25,000
4. Advanced – $50,000
5. Integral – $100,000
6. VIP – $250,000

Accounts differ in swaps, spread, market coverage, and access to private support.

Also remember the names of the AreaTrading, Clearpoint Capital and Weltex trading scams and avoid them at all costs! Moreover, always check the background of online trading companies before investing!

Opening An Account With A Referral Code

As mentioned, if you want to create an account, you must do it with a referral code. Usually, it means that you have to chat with the broker’s employees, who will evaluate your financial situation and pressure you to invest right away. It’s just another way to get ahold of you and tell you false information.

Does The Broker Offer A Demo Account?

Buxberg doesn’t offer a Demo account, so every customer must invest the money first and then gain access to the trading platform.

Buxberg Broker – Countries Of Service

The firm is a relatively new broker, operating since April this year. Most complaints come from:

• Germany
• Canada
• Austria
• France

Buxberg Range of Trading Instruments & Markets

Buxberg offers a limited range of trading instruments, including:

• Forex – EUR/USD, CAD/USD, USD/JPY
• Commodities – gold, corn, silver
• Indices – NASDAQ, FTSE100
• Shares – Apple, Amazon, Google

There are no cryptocurrencies.

Customer Support – Live Chat

Buxberg has a live chat option, allowing all potential and existing customers to get their answers. However, these people will insist that you leave personal information, including a phone number, and be contacted by one of their employees. They won’t confirm the minimum deposit or provide you with a referral code before getting your details. It shows us that this support does not actually support, but is another way for the broker to get ahold of client’s personal details and harass them until they finally invest the money.

Rather High Minimum Deposit

According to account types, Buxberg’s minimum deposit is $2,500. It’s ten times above the industry average and about 250 times higher than Micro accounts of legitimate firms. There’s no reason to pay so much money to a fraudulent broker. You’re risking losing it all.

Buxberg Trading Conditions

Buxberg didn’t disclose too much information about trading conditions.

About Leverage And Spreads

The leverage is unregulated and goes up to 1:400. If the firm was really based in Hong Kong, it would have to follow HKMA rules and set a limit of 1:30 for the Forex market and even lower leverage for other assets.

Spreads, fees, and swaps are not disclosed, so the firm expects you to invest without knowing the costs.

Buxberg Deposit, Withdrawal Methods, And Fees

While the deposit and withdrawal methods were not mentioned anywhere on the website, we saw several warning clauses. The broker says it has “the right of discretion to alter the imposed fees if deemed necessary, and you consent that your continued access and use of our services affirm your acceptance of such alterations.” Basically, the company can change swaps, rollovers, and commissions without notice, and if you use the website by accident, it’s considered acceptable.

Besides, there’s a clause that you cannot file for a chargeback if you have used any of the company’s services, including the trading platform, client area, news, and signals, or executed any trades. We’re no lawyers, but we’re pretty sure that this clause is illegal.

Scammed by Buxberg Broker? – Let Us Hear Your Story

If you fall victim to the Buxberg scam, let us know. Our chargeback specialists will be here to hear you out and help you file a dispute.

But What Is A Chargeback?

A chargeback is a way for the bank to recover funds from the merchant in case of fraud. Consult with our team of experts during a free consultation to find the best way to file a dispute right away.

What Is Buxberg?

Buxberg is an online trading brokerage without a valid financial license.

Is Buxberg a Scam Broker?

Yes, Buxberg is an offshore scam broker without a valid regulation.

Is Buxberg Available in the United States or the UK?

Buxberg is available in the UK but not in the US.

Does Buxberg Offer a Demo Account?

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