We can immediately say no if you’re wondering whether SSJTCF is a genuine Forex broker. The company lies about its regulatory status, headquarters, and probably much more.

However, we don’t expect you to take our word for it. Read this detailed SSJTCF review and find out all the details.

Is SSJTCF Legit Forex Trading Brokerage?

SSJTCF says to be a brand of SSJTCF Group Limited, with headquarters in London, UK. However, they also claim to be regulated by the US MSB. Now, first things first. Forex brokers registered in the UK need to be licensed by the local authority, FCA. And their register contains no information about such a firm.

Furthermore, MSB or Money Service Business is not a regulator but a proof of registration with the US FINCEN, an organization fighting against money laundering. CFTC and NFA must authorize brokerage firms to conduct business legally.

Therefore, everything stated by this broker is bogus. Read on, and don’t fall victim to the SSJTCF scam.

Who Are the Victims of SSJTCF Broker?

SSJTCF website domain was registered in January 2023. And yet, the company claims to be in the business since 2018. It’s another red flag in the long line of many.

According to website traffic analysis, the majority of their victims come from:

• US,
• Myanmar,
• Thailand,
• UK,
• Canada.

The company is advertising mainly in these countries, which doesn’t surprise, considering that they faked a US license. Be wary and know that the business has no authorization to solicit investors or handle customer funds.

User Feedback – What Traders Have to Say?

At the time of writing, we found only 14 comments on Trustpilot. However, this was enough for us to conclude how the broker conducted the scheme.

According to reviews, the company uses WhatsApp and social media to contact potential prospects. Usually, it all starts like a big romance where one side is proposing investment to the other, aiming to help their financial situation. Then, company agents mislead customers into trading with SSJTCF under fake regulatory confirmations.

We don’t need to tell you what happens next. Unsuspecting victims are finding themselves without a penny. There are many companies out there, including XLNTrade, who are employing the same system. Stay on the lookout.

Trading Features – Platforms and Assets

Since the company is not actually regulated, none of its features are important. However, we did a brief overview. And we weren’t impressed.

SSJTCF Trading App

The company developed its own trading software, SSJTCF. It’s an app compatible with Windows, iOS, and Android devices. However, it has no special features such as social trading or EAs. In fact, you can open several order types, check your trading history, and deposit more money.

If the brokerage were legit, they might cooperate with trustworthy platform providers such as MT4, MT5, or cTrader. Sadly, they don’t.

Available Trading Assets

You can trade in five major markets:

• Currency pairs – EUR/USD, GBP/AUD, SEK/JPY
• Commodities – gold, silver, natural gas
• Indices – FTSE100, DAX30, CAC40
• Shares – Tesla, Netflix, Amazon
• Cryptocurrencies – BTC, BCH, USDT

SJJTCF Demo Account

There are no dedicated account types, nor do we know the minimum deposit necessary to register your account. All we know is that the company offers a risk-free Demo account with up to $1,000,000 in virtual funds. However, it means nothing, considering you won’t avoid the scam.

Leverage and Trading Commissions

As expected from a bogus broker, trading terms are hidden. We don’t know how big leverage they offer or how much you’ll have to pay for trading commissions, swaps, and spreads.

The website advertises low costs, but we’ve already proved that nothing you read can be trusted. Therefore, we advise you to avoid this company regardless of what their sales agents might promise you.

Customer Support – Can I Get Help?

Another red flag is the lack of means of communication. The only way to contact the company is through email, which means you have to sit tight and wait for their response. Furthermore, it means you don’t have any instant way to get in touch if something goes wrong.

All in all, the SSJTCF support team is not easily reachable. Probably on purpose, considering that many customers are reporting withdrawal issues.

SSJTCF Withdrawal Procedure

Speaking of withdrawals, we tried to understand how you can get your profit from your trading account. Sadly, we didn’t find any information about fund transfers on the broker’s website. In all the boasting about transparency and legitimacy, this firm forgot to mention how you can get a payout.

We don’t know if you’ll pay any commissions on the transfer and whether you can use traditional methods, such as credit cards and bank transfers. All in all, you have to risk it all and deposit it to find out how to receive your money back.

What to do If I Was Scammed By SSJTCF Group?

Let us know if you find yourself scammed by SSJTCF or any other trading brokerage. Our chargeback experts are here to assist you with this matter and evaluate your case in detail.

Don’t let scammers keep what’s rightfully yours. Let’s check what can be done, and let’s do it quickly, before the firm vanishes with your money. Book a free, non-obligatory consultation today.

FAQs

What Is SSJTCF?

SSJTCF is an unregulated online trading brokerage. In case you have any trouble with your trading account, contact us immediately for help with recovery.

Does SSJTCF Offer a Demo Account?

SSJTCF claims to offer a risk-free Demo account with $1,000,000 in virtual funds.

Are My Funds Safe With SSJTCF?

Considering that the company lied about its headquarters and licenses, your money is not safe with SSJTCF.

Today’s foreign exchange markets are saturated with unlicensed brokerage firms that are by default involved in fraudulent trading activities. In the following Crystal Trust review, we analyze this bogus broker and explain why trading with its kind is risky.

So, the Crystal Trust broker (Crystal Trustee Company Limited) is allegedly based in New Zealand without mandatory licenses and regulations. On top of that, this shady brokerage firm provides an unsafe trading environment, including a futile trading platform and fabricated trading conditions. Please continue reading this detailed review to learn more about the malicious tactics employed by this investment scam.

On top of that, we seriously recommend you not invest in the fake brokers Cambrill, StateHills, and Syos Space. Do not trade with these unlicensed brokers if you want to save your money!

Some Facts Why Crystal Trust Broker Is Fraudulent

As introduced, Crystal Trust is reportedly headquartered in New Zealand, one of the top-notch jurisdictions that strictly controls its forex markets. Also, Crystal Trust deceives traders by claiming to be regulated by the Registrar of Companies. First, this institution doesn’t oversee financial markets; that is to say, it is responsible for keeping records of formed businesses in New Zealand. Second, after checking the registers of this agency, it seems that Crystal Trust is not even a registered entity.

Moreover, to legally operate in New Zealand, every broker must be authorized by the FMA (Financial Market Authority). However, the FMA database doesn’t have any details about Crystal Trust, which implies that it is an unlicensed brokerage firm.

Thus, Crystal Trust lies about its background, hiding its true colors and pretending to be a legit business. We have already seen this modus operandi that resembles scam brokers.

Crystal Trust professes to be based in New Zealand, but it fails to prove it. After investigating its claim, it is verified that Crystal Trust lacks the necessary license and regulations. Therefore, it is full of lies, poor services, and adverse terms of exchange.

Why Is Trading With a Licensed Broker Preferable?

When it comes to the safety of your funds and trading success, all of this is ensured by trading with licensed brokerage companies. Forex trading is risky per se; however, legitimate online financial trading firms minimize the risk arising from buying/selling activities by implementing tools such as negative balance protection and segregated accounts. The former means that a trader can’t lose more than invested, while the latter refers to keeping your funds separate from brokers’ capital. By doing so, traders are not impacted if a broker goes bust.

Additionally, brokers accredited by the Australian ASIC, British FCA, and German BaFin are exceptionally reliable. This is because of the high standards enforced by these financial authorities. For example, one of the licensing prerequisites is to meet a minimum working capital requirement (ranging up to 1.5M EUR). Likewise, traders are covered by a compensation fund offered by the foregoing financial market regulators (indemnification goes up to 100,000 EUR per trader). Lastly, authorized brokers maintain a secure and prosperous trading environment by adhering to legislation. Examples of favorable conditions include restricted leverage, a transparent withdrawal process, safe funding methods, cost-effective trading accounts, a demo account option, and advanced trading platforms. All of these are not provided by Crystal Trust.

What Platform Does Crystal Trust  Provide?

In connection with trading software, Crystal Trust promises, believe it or not, 16 trading platforms. This whooping number can’t be found even with leading brokers. In addition, amidst its offering is MetaTrader 4, which is among the best programs but is missing at Crystal Trust. Furthermore, this fraudster merely provides one platform that is, above all, insufficient for trading. In other words, the Crystal Trust web trader can’t be compared to any modern trading program like MT4, MT5, cTrader, and Sirix. So, this phony broker is again caught lying.

Besides, a web trader can offer trading from a browser only. In contrast, the latest programs can be accessed from any device (e.g., as an internet-based trading platform, a mobile application, and computer software). Unlike a web trader with generic functions, advanced platforms come with cutting-edge features such as stop loss, copy trading, and expert advisors. Therefore, choose genuinely regulated brokers that truly provide state-of-the-art technology.

Crystal Trust  Trade Range of Trading Markets

Regarding trading instruments, the Crystal Trust broker allegedly offers trading on over 1000 tradable assets across global financial markets, involving the following. 

• Forex: EUR/USD, USD/JPY, AUD/CAD;
• Stocks: Microsoft, Facebook, Apple;
• Commodities: gold, crude oil, corn;
• Crypto: Bitcoin, Ethereum, Tether;
• Indices: FTSE 100, DAX Index, Dow 30.

Even if you can access these markets, which is very doubtful, you don’t have effective trading software and a productive trading environment at Crystal Trust. What is more, this shady brokerage firm is not transparent and concocts its trading conditions. In such a manner, Crystal Trust lures traders and wants to hide its intent to defraud.

What Do We Know About Crystal Trust  Account Types?

As for the types of accounts available at Crystal Trust, this con artist doesn’t reveal information about that. Thereby, you don’t know what terms of exchange are linked to an account, how much the minimum opening balance is, and other relevant details until you invest. All you have is assurance from a dishonest scam broker. Thanks, but no thanks. Likewise, there is no demo account, which is a free practice account allowing traders to test their trading styles, conditions, and platforms for free and without risk. Anyhow, this fake broker most likely charges a hefty sum for depositing. So, why take chances with Crystal Trust when you can start trading with legitimate companies for less than 50 USD?

Details About Leverage, Spreads, and Fees

Concerning the Crystal Trust trading environment, it comprises unusual conditions. In particular, the leverage ratio of 578:3 is very uncommon. This ratio is not only against legislation (e.g., in the UK/EU, it is 1:30) but is a strange proportion. With reference to spreads and trading commissions, they remain unknown. Therefore, all of this contributes to how much this bogus broker is a blatant financial swindler.

Minimum Deposit and Withdrawal Terms

On the point of the deposit and withdrawal process, it is as trustworthy as this fraudulent broker. First, as we said, the minimum required deposit is not disclosed. This is done to easier rip you off more. For instance, this hustler will get in touch with you and charge for deposits more than is initially agreed. Further, funding methods involve crypto payments that are unsafe, difficult to trace, and challenging to reverse. Speaking of payoffs, keep in mind that there are no money withdrawal guarantees with unauthorized brokers. As a matter of fact, this cheater will do everything to prevent you from drawing funds out.

Crystal Trust Bonuses Types

Another hallmark of scam brokers is generous bonuses. Due to the mishandling of promotions, many financial authorities have forbidden rewards. As a rule, if an unlicensed brokerage company provides prizes, it is a warning sign. If you want fair terms of promotions, you should choose genuine brokers. As regards Crystal Trust, it promises the following.

• Up to 5,000 USD cash bonus
• 20 USD bonus when you sign in
• 500,000 USD contest
• 20,000 USD flight ticket contest.

Nevertheless, don’t let this offer tricks you. In reality, these bonuses can’t be withdrawn and redeemed.

Scammed by Crystal Trust Broker? – Let Us Hear Your Story

In the event the Crystal Trust scam has defrauded you, don’t feel ashamed because anyone can be scammed. Importantly, you can get your money back. However, it would be helpful if you acted fast. For example, you should report the fraud to the relevant authorities. Also, don’t forget to leave negative reviews and warn other traders. With respect to getting your money back, it is possible thanks to a chargeback process, but more on it in the following section. Lastly, don’t buy positive Crystal Trust reviews on the internet, they are made up to attract your attention.

But What Is A Chargeback?

If you want to retrieve your funds, it can be done via a chargeback. With VISA and Mastercard, it is uncomplicated because these payment methods are safe. It would be a good thing if you applied for refunds within 540 days. Wire transfer is also secure and can be canceled, but it must be terminated before the approval of a transaction. As to crypto wallets, they are a preferred method of broker scams because it is hard to annul them. Nonetheless, our chargeback specialists can help you with crypto payments. Thus, get in touch with our company today.

FAQs About Crystal Trust

What Is Crystal Trust?

Crystal Trust is an unauthorized broker lying about its license and registration.

Is Crystal Trust a Scam Broker?

Yes, Crystal Trust bears all hallmarks of a broker scam, operating anonymously, deceiving traders, and providing unfavorable conditions.

Is Crystal Trust Available in the United States or the UK?

Crystal Trust is allegedly not available in the US but is in the UK. However, this fraudulent broker provides services without being licensed and regulated.

Does Crystal Trust Offer a Demo Account?

 No, Crystal Trust doesn’t provide a demo account, which is so typical for scam brokers.

When it comes to spmarket24.com, there are many things wrong. For a start, the broker’s platform does not function. The website as well. So logically, you will wonder can this broker scam you? And if it does, what to do. We’ve researched this broker for you in our SPmarket24 review. Here is what we found.

• Regulation and Security
• Warnings From Financial Regulators
• In which countries does this broker work?
• Can I make money with SPmarket24?
• Scammed by SPmarket24?
• But what is a chargeback?

Regulation and Security

SPmarket24 broker is an anonymous brand. We couldn’t find the company behind this broker. All we found is that the headquarters of the company is in the Marshall Islands. Of course, as an offshore broker, the company has no regulation. This is why we can say immediately at the start – the broker is not safe to trade with. The broker claims to be regulated by CySEC, but under this same license number, we found another legit company that is not related to SPmarket24.

When it comes to the security of the funds and personal data, there is no guarantee. Be aware of the SPmarket24 broker scam.

Warnings From Financial Regulators

Since the broker falsely pretends to have CySEC regulation, we decided to verify if any regulatory body noticed it. And the answer is yes.

The UK FCA issued a warning about SPmarket24 broker as a clone of EEA authorized firm. The FCA warned its citizens not to accept any offers from this broker and immediately report the scam.

Besides FCA, the broker is also blacklisted by Spanish CNMV, Italian CONSOB, Belgium FSMA, and Danish DFSA.

If you weren’t convinced so far, now it’s clear that SPmarket24 is a scam.

In which countries does this broker work?

As you’ve understood so far, the broker has no regulation. Therefore, it cannot operate legally anywhere. However, based on reviews, we can conclude that the broker targets mainly the UK, Denmark, Belgium, Spain, and Italy.

On the other hand, the only prohibited region is the USA.

Can I make money with SPmarket24?

When it comes to unregulated brokers, making money is hard, and withdrawing that money is even more complicated. There is no regulatory body behind the company that is monitoring its activities.

As you’ve had a chance to read in our review, SPmarket24 has many regulatory warnings. This is usually the case when people cannot withdraw their funds. You can deposit, you can even see some profits on the screen, but you cannot take it out. The question is what to do in this case.

Scammed by SPmarket24?

If SPmarket24 scammed you, there is a solution. You are not the only victim of this broker. 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. Contact our support immediately, and let’s get your money back!

Is SPmarket24 a good broker?

SPmarket24 is an unregulated offshore broker. We can say that it’s not safe to trade with.

Is SPmarket24 a Scam?

SPmarket24 is running a scheme with no regulation. There are many regulatory warnings against this broker.

Is SPmarket24 regulated?

No. The broker is running its scheme from the Marshall Islands with no regulation.

Where is SPmarket24 broker based?

The broker is based in the Marshall Islands, an offshore country.

This so-called award-winning broker presents itself as European-based. Nothing less than the Netherlands. However, the worrying part is missing legal documents and ownership information.

In general, if the broker hides any details, it’s hard to believe they are genuine unless they have a trusted license. Then you don’t care that much. But to find out if you can trust this broker, read our ARPtrade review carefully.

Legal Info: Is ARPtrade Legit Or A Scam?

The first sign that ARPtrade broker is a scam is missing domestic regulations. In fact, the AFM register doesn’t have any traces of an ARP trade license. Not only that, but neither does any other Tier 1 trusted regulator.

It is quite disappointing for a European broker not to have any kind of protection. But what is the shocking news is the warning from the FCA. Like a cherry on top.

Who Are ARPtrade’s Clients?

Looks like the arptrade.com domain was registered just recently, in 2023. At least, that’s what who.is database shows. Funnily, they had already managed to spread their tentacles all across Europe. But primarily scamming traders from:

• Croatia
• Belgium
• Malta
• Denmark
• Slovenia

If you are also one of those, don’t hesitate to contact us for refund options.

Traders Experience

Another key warning sign is coming from ARPtrade reviews. The news is disturbing. Out of 15 comments on Trustpilot, all of them are negative. There were lots of complaints about withdrawal issues and the company’s scam activities.

Therefore, we encourage you to share your experience with this broker. Or to contact our refund experts directly for step-by-step guidance in recovering your money.

Investment Costs With ARPtrade

The company promotes low costs, yet unclear ones. Spreads are not specified, but according to their offer, you should get better spreads with higher deposits. Commission and fees don’t exist.

But the main issue is the leverage of up to 1:500. Even if we exclude regulations, there is ESMA. European Securities and Markets Authority limits European brokers to a maximum of 1:30 for retail traders. In combination with missing negative balance protection, there is a recipe for losing money.

Bonuses

Like with many scam brokers, ARP trade offers bonuses but altogether with a shady policy. In fact, traders must reach 30 times bigger trading volume of the bonus amount plus deposit. Otherwise, a withdrawal is practically impossible.

ARPtrade Trading Features

One of the biggest deals with ARPtrade broker is their UTIP algo-trading software. Yet, it’s not proven technology, and any experienced trader would tell you to stick to standard options, such as Meta Trader or cTrader. Especially once you realize that ARPtrade’s overall platform is web-based.

Available Trading Assets

All the assets with this broker are available almost anywhere else. The difference is that with a licensed broker, you can trust the asset data. Anyway, the options are:

• Forex – USD/SEK, AUD/HKD
• Commodities – natural gas, platinum
• Indices – ASX200, DowJones
• Shares – Netflix, Walt Disney
• Cryptos – BTC, LTC

Account Types

Generally speaking, fraudulent brokers are making profits from your deposits, not from your trading. That’s why you sometimes don’t see better commissions or general trading conditions with such brokers. Here we present you with the ARPtrade account types:

• Classic – 250 EUR
• Silver – 5.000 EUR
• Gold – 25.000 EUR
• VIP – 100.000 EUR
• Prime – 250.000 EUR

Mobile Trading App

In general, without trusted software, there is no trusted mobile app. All the traders will have to access their accounts through the browser. Not the fastest and most efficient method, indeed. Yet, to learn the value of trusted technology, read our EuroPrime review.

Demo Account

Another key fact is the missing demo account. All the new customers don’t have a chance to test the platform and its features. So, it’s expected for them to trust the broker without regulations. Not the brightest move.

ARPtrade Withdrawal

In general, ARPtrade broker is quite mysterious about withdrawal conditions. Even though they present up to 5 business days withdrawal processing time, that’s hardly true. Otherwise, you wouldn’t have that many negative reviews and a warning.

Without a transparent policy, you can always expect manipulations. Whether through fees, verifications, or taxes.

Customer Support

As for the contact options, the company offers e-mail and a phone. Even though there is a number from the Netherlands and the UK, those shouldn’t be trusted. Most likely, the broker is using VOIP services.

Very often, you will see these numbers unreachable. To learn how to recognize these flaws, read our Canz Trades review as well.

Key Information To Consider About ARPtrade?

In the first place, the company is not licensed. After that, everything else is questionable. Starting with web-based software, shady trading conditions, and mysterious withdrawal policy. All those details combined present you with a realistic picture of a broker. If that’s not true, the warning wouldn’t exist.

However, the main issue is getting your money back. That’s where our refund specialists can assist you the most. We are available if you need to file a chargeback or track crypto transfer with our CipherTrace. The first meeting is free of charge. Don’t waste time and book yours now!

FAQ Section

What Is ARPtrade?

ARPtrade is an anonymous FX and CFD broker with registration in 2023, which mainly scams European traders.

Is ARPtrade legit?

Not at all. The company operates without any trusted licenses and with shady conditions. On top of that, FCA issued a warning against the company.

How To Get My Money From ARPtrade?

Either you apply for a chargeback or some alternative refund options. But to find out the best solution depending on the funding method, contact our specialist as soon as possible.

AssetsHaus is an online CFD and forex broker that offers a variety of investment products for traders. They have no license whatsoever and offer dangerously high leverage. From what we’ve found during our AssetsHaus review, you should avoid them at all costs.

Warnings From Financial Regulators

Luckily, the FCA has caught on to the AssetsHaus broker and their scam. The regulator published a warning in June 2021, clearly calling the company out for offering investment services without any authorization. This shows without a doubt that the company doesn’t have its claimed FCA license. The warning states that investors are unlikely to get their money back in the case that anything goes wrong, which it certainly will when investing with a scam broker like AssetsHaus.

Traders Unable to Withdraw Their Funds

It seems like the way AssetsHaus is making their money is by denying traders the right to withdraw their funds. Even on paper, they have outrageous terms like $50 transfer fees and a massive turnover requirement before any withdrawals. Traders often have to trade funds up to 200 times before they can make a withdrawal, at which point they probably don’t have much less. And that’s just what they’re willing to admit to in their terms and conditions. Many traders report far more serious issues.

Past Traders and Their Assets Haus Reviews

We looked over online AssetsHaus reviews from former clients to see what they think of the broker. All the reviews were highly negative. The most common complaint was that the broker simply would not allow them to withdraw their funds. They were given excuse after excuse, anything they could think of to prevent clients from taking their money and leaving.

Just How Does This Scam Work?

The AssetsHaus broker and many others engage in the same type of general online trading scam scheme. They designate an assigned account manager to new traders, who encourage them to deposit as much as possible. Then, once it’s time to make a withdrawal, they cut contact completely and refuse to hand over the funds.

Have You Been Scammed by AssetsHaus?

Have you lost money with AssetsHaus that you can’t recover? Our experienced team can quickly implement a chargeback to recover your funds. We know the system inside and out and get the highest success rates in the industry. Call today for your free consultation.

What is AssetsHaus?

AssetsHaus is a shady unregulated broker that purports to offer investments in CFDs and forex. In reality, they’re just out to take your hard-earned money.

Is AssetsHaus a Scam?

Almost surely. There are numerous reports from burned former clients, along with the fact that they have no real office location.

Is AssetsHaus Regulated?

No. They claim to have an FCA license, but the FCA has put out a public scam warning against AssetsHaus.

Do you know those people who speak a lot and say nothing? FVP Trade is an excellent example of that. The broker shows us an array of awards, regulations, and more, but nothing of that is true. We can only say to try to withdraw the money as fast as possible for those who are trustworthy enough to believe this scam.

Read our FVP review and learn how to get your funds back.

FVP Trade Regulation and Security

FVP Trade is a brand of FVP Trade Ltd, allegedly based all around the globe. According to the broker’s website, the company has regulations in BVI, Canada, the US, and Australia. However, no matter which of these registers we checked, we found nothing. FVP Trade Ltd is not even a registered entity, so of course, it’s not a regulated one either. If you’re looking to start trading, find a Tier1 regulated broker, FCA, ASIC, or BaFin. And make sure to check the regulator’s register first.

Fund Withdrawal Issues

Suppose you started investing with an FVP Trade broker. First of all, it’s a challenging task since the broker does not disclose a minimum deposit. It means that you will have to wait for a call from employees to evaluate your financial situation. Once you deposit, you will be offered a $100 or $200 bonus. And it sounds terrific, free money, nice starting boost. To withdraw the money after this boost, you need to turn over a minimum 6 lots within 30 days. Just for your understanding, average traders are starting with 0.01 lots since that is a minimum.

The broker often gives the bonus without prior asking and trying to convince clients that it’s all a part of their terms and conditions.

The minimum withdrawal amount is $5. However, there are so many fees that if you try to withdraw any smaller amount, you will cover commission and get nothing to your bank.

Beware of FVP scam and other brokers such as CMMCI, RichFund, and Finexico.

Traders Opinion

Clients are getting to sign the so-called MMA agreement, among other papers. It means an account manager fully manages your account. It sounds like a good thing, especially if you know nothing about the market. Yet, once you insist on withdrawals, this same manager is investing your money lousy, so you will lose everything and stop bothering the company.

It sounds like a lovely cyber fraud, we can agree.

How Does Online Trading Scam Work?

Online trading scams usually start from trading ads that are, in the best case, false. After you deposit the money, and FVP Trade gives you a vast of options for that, including:

• credit card, 
• Sofort, 
• Giropay, 
• BPay, 
• Neteller, 
• Skrill, 
• WebMoney 
• bank wire,

You will be prompted to add more money. Some sort of adviser will tell you all about the “money makes money” story. And it’s a true story when you work with a legit operation. When you know that every first of the month, you can get a payout. Working with a company such as an FVP Trade broker can bring nothing good. Money will leave your account, but it will never come back. After you ask for withdrawals too many times, your account will be suspended, and you will not be able to do anything about it.

Scammed by FVP Trade?

If you were scammed by FVP Trade or any other illicit broker, tell us your story. We’ve heard many, and we’ve helped many. Brokers have sophisticated ways of defrauding clients, but there is always a chargeback.

But what is a chargeback?

It’s a way of refunding your card in case you were scammed online. Your bank can take action and retrieve the money if you manage to prove you’re the rightful owner. For such bureaucracy, our team of experts is at your disposal.

Contact us via online chat, tell us your story, and let’s get your money back.

What is FVP Trade?

FVP Trade is an online trading brokerage without a license for providing financial services.

Is FVP Trade a scam?

FVP Trade is an unregulated company that is scamming clients and not approving withdrawal requests.

Is FVP Trade regulated?

FVP Trade is not a regulated company and has no authority to provide any kind of financial services.

Financial market regulation may provide a relatively safe work environment, but there are some branches that do not fall under the general umbrella. One of these is the affiliate campaign business, which mostly deals in providing a vital advertisement revenue for niche services.

All would be fine and dandy, if the various deceivers and cybercriminals did not learn how to abuse these campaigns to attract potential victims. See the remainder of our LeapFX review to learn about one such platform.

An Illicit Bunch Altogether

Lack of transparency is one certain evidence of a company not operating legitimately. This website doesn’t reveal what their company location is, or under what name it was even registered. There are some clues around the site that suggest the firm is operating within the US jurisdictions, but there’s simply no concrete proof of that. 

Another terrifying aspect of the whole story lies in the fact that such schemes do not fall under any legislation. Regulatory laws, standards and limitations that regulate financial markets do not apply to this form of entities. 

That provides a safe environment for these campaigns to steal user data, sell it to offshore brokerage platforms and earn commission at that.

How Affiliate Scams Function

According to the WhoIs information, the leapfx.com domain was first created in 2012. It did not host the affiliate campaign we see today prior to 2018, though.

The fraudsters mostly target these nations:

• United States
• United Kingdom
• Australia
• Canada
• Germany

These promotional campaigns do the dirty work for scam brokers called Blaze Markets and AndroFX. This is done through the site itself or Telegram message service.

For the “service” of connecting the victim to a scam platform,  they charge a percentage from both parties. Since they collect various personal information from potential traders, the swindlers then sell the data to other con artists, widening the circle.

Fake Reviews Attract Victims

It’s not uncommon for deceptive services to post misleading content on ratings platforms like TrustPilot, SiteJabber or Reviews.io. Many of the clients that have posted a positive rating actually complain about the service not working as intended.

This might indicate that the company is using some kind of an extortion tactic to get users to leave positive LeapFX reviews. If you believe you’ve been defrauded by this company, contact our legal experts for help.

Secret Expenses

Alleged fee-free services do not exist, not in today’s day and age. While this shady platform will earn your trust by making you believe they charge nothing, soon enough you’ll discover the bitter truth. 

Facing extraordinary expenses, withdrawal taxes and unfair costs of trading operations are something most common on these sites. Therefore, we advise you to only invest with a fully transparent, regulated service.

Nothing Substantial to Offer

Serving simply as a medium between potential victims and unregulated online trading firms, the LeapFX platform doesn’t provide any trading tools or options. The sole purpose of this service is to advertise illicit trading portals and connect them to their targets. You won’t find any trading tools except in the form of a promise.

Automated and Manual Trading Systems

The website primarily engages in marketing various LeapFX AI based trading solutions, software and add-ons. Some of them are Target Trader, Power Growth Trader, King Robot, Power Trader and others. 

All of these tools are described as highly profitable and accurate in over 90% of the cases. That is achieved through using AI powered systems that identify opportunities and work for you tirelessly. Such solutions don’t even exist, sadly.

Can Anything be Traded at all?

Trading systems we found listed on the site can reportedly be used for trading various products, out of which currencies are mentioned once. However, there’s no clarification given what exact instruments are available. 

There’s also no details about which tradable assets groups these tools are compatible with. Everything about the LeapFX trading facilitators is hazy.

3 Step Screening Process

Even if you generously share the information these vultures are after, there’s a supposed procedure you have to pass in order to get your LeapFX login created. These are the steps:

• Exclusive interview
• Verified stats
• Live testing

It’s like you’re trying to pass an entrance exam to a prestigious university. All of it is just another foul strategy at play for the purpose of the scam team appearing serious. After all, registering on the site will redirect you to an unregulated trading firm like Exton Global. These miscreants just gather new victims for illicit platforms.

Victims are Denied a Withdrawal

As an affiliate campaign, there is no such thing as a LeapFX withdrawal. Any paid money is considered compensation for their service, at least that’s the general issue. You see, if this was a legit affiliate campaign and the clients got connected to a regulated broker, this would not be problematic.

The bogus brokerages the victims get directed to, however, only feature a semblance of trading. This “trading”  happens on a doctored platform, as is the case with T1Markets. These hoax firms are known to show fictitious profits in an effort to extort their victims for more money, but ultimately do not allow a payout to happen.

Solicitation Disguised as Support

Anyone who’s ever dealt with a telemarketer before will tell you that there is no such thing as customer support. These persistent persuasion experts will use any opportunity they can to divert the conversation in their favor. 

You’re unhappy with the broker that ripped you off? Well, that’s too bad – try this other ripoff firm instead! Contacting the help desk with any of these firms will inevitably lead to more problems.

Money Stuck With Fraudsters? Get it Back!

The LeapFX scam is a deception campaign intended to deceive potential traders into investing with an unregulated broker. The company charges a percentage for leading unsuspecting investors into a financial trap.

This firm does not feature a withdrawal option, but that doesn’t mean that any money you’ve invested has to go down the drain. With the help of our experts, you may start a legal process to have your funds reimbursed. You may contact us at any time, and remember – the first consultation is free of charge!

FAQ Section

What is LeapFX?

LeapFX is an affiliate scheme that serves as a medium between scam brokers and unwary Forex investors.

Is LeapFX Legit?

While affiliate campaigns don’t need regulations, they still have to be legally registered and this entity isn’t.

Should I Trust LeapFX to Choose a Broker For Me?

Absolutely not. They make you think they will connect you to the best online trading firm while they push you right into another financial trap.

As a trader, you might come across the GP Finance broker. At a first sight, its offer might seem appealing and valid; however, after closer observation, you will soon realize that it is a sophisticated scam.

In short, GP Finance is a forex provider registered in Saint Vincent and the Grenadines as Effervescent Group LTD. It lacks the necessary licenses and regulations, which makes it an illegal broker. More disturbing is the fact that the Spanish watchdog, CNMV, has issued a warning against this bogus brokerage firm. Generally, GP Finance fraudulently promises the provision of education, state-of-the-art technology, quality services, and reliable support.

Also, remember the names of the DotBig, TopInvestTrader and LTD FX trading scams and avoid them at all costs! Moreover, always check the background of online trading companies before investing!

Is GP Finance Trading Company Legal?

As with any other broker scam, GP Finance talks big. It declared itself a global leader in the foreign exchange market, allegedly trusted by 90K customers from all over the world. But how is it even possible when this fake broker is not authorized by any financial market regulator?

To operate legally, all brokers must be licensed under a respective financial supervisory agency. Not only that GP Finance is an unlicensed brokerage firm but is based in a safe haven for fraudsters, SVG—which doesn’t control its forex providers and attracts offshore-based scam brokers.

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

In terms of regulation benefits, there are numerous reasons why you should always trade with a legitimate company. First, your funds’ safety depends on it. Licensed brokers abide by legislation and are constantly overseen to protect traders.

For instance, top-notch FCA, BaFin, and ASIC cover traders against brokers’ insolvency, offering compensation of up to 100,000 USD. On top of that, accredited brokerage firms are trustworthy due to keeping your money in tier-one banks separated from theirs (segregated funds), maintaining enough operating capital (several millions of dollars), and implementing risk management measures (negative balance protection).

Is GP Finance a Legitimate Broker Or A Scam?

GP Finance it is a pure investment scam, which the Spanish financial authority CNMV has warned against; other than that, it provides inadequate services and is full of empty talk. Better avoid this shady company.

What Platform Does GP Finance Provide Access To? – Software Functionality

When it comes to the GP Finance trading program, it is a basic web trader. Despite the company’s assurance of being an advanced option for training, this software merely has some generic functions. Thus, it can’t be compared to the latest platforms enabling social trading, stop loss, unlimited pending orders, and automated trading. If you want these features and many more, opt for brokers providing Sirix, cTrader, MetaTrader 4, or MetaTrader 5.

Trading On the Web and Mobile Devices

In addition to trading on desktops, GP Finance impersonates a real broker and allegedly enables its own mobile trading app. However, it is not even possible to download the application from Google Play Store or Apple Store. So, it is one of many dirty tricks to lure you. For actual trading on the go, select leading brokers offering proprietary mobile apps available on Android and iOS. 

AnyDesk and TeamViewer

We must warn you not to install any program from the GP Finance website, especially not AnyDesk and TeamViewer. These two programs serve for remote control of desktops and aren’t related to trading. That means that if you give this fraudster consent, it will be able to access your device and steal your credit card information. This is called social engineering employed by today’s hackers. 

GP Finance Accounts Overview

Speaking of trading accounts available at GP Finance, there are several types outlined below.

• Silver: 250 USD minimum required deposit, 1:20 leverage 
• Gold: 1,000 USD minimum required deposit, 1:50 leverage 
• Platinum: 5,000 USD minimum required deposit, 1:80 leverage 
• VIP: 10,000 USD minimum required deposit, 1:100 leverage

Regarding tradable assets, how convenient it is that full access to all trading instruments is available only for VIP account holders. In other words, to trade with all products, you have to invest 10K USD. Thanks but no thanks.

On the other hand, you can start trading with legit brokers for as low as 10 USD and have unlimited access to all markets.

Does The Broker Offer A Demo Version?

As expected, a demo account option is not available at GP Finance. This option allows a trader to test trading platforms and conditions without risks and costs. Since there are no profits, fraudulent brokers usually don’t offer practice accounts. Anyway, even if GP Finance had a demo version, it still would be a bad choice.

Bonuses and The Terms of Their Receipt

Concerning bonuses, they are forbidden by financial authorities in many countries due to being used for manipulation. They are also one of the hallmarks of trading scams. From time to time, GP Finance offers a range of rewards such as welcome bonuses for new customers. Remember that promotions come with strings attached, e.g., to claim a bonus you must meet a predetermined stipulation that even advanced traders can’t achieve. Anyway, bonuses can’t be withdrawn and are used to entice traders.

GP Finance – Countries Of Service

In this GP Finance review, we deal with a broker scamming traders from

• UK 
• Spain 
• Portugal 
• Belgium 
• Germany

Although it claims it allegedly serves clients in over a hundred countries worldwide, including the most stringent ones (the UK and the USA). This would mean that GP Finance is licensed and regulated by UK/US supervisory agencies (FCA, NFA/CFTC) and meets minimum capital requirements, i.e., 1M GBP/UK and 20M USD/USA. Nevertheless, GP Finance is not permitted to provide services anywhere nor does it comply with the laws of any jurisdiction.

What is more, we strongly advise you not to invest in XTB Global, Invest Kingdom and BullGeko fraudulent brokers.

What Is Known About GP Finance’s Trading Conditions?

While on the subject of the law, GP Finance breaks regulations by misrepresenting terms of exchange. Its assurance of funds’ safety goes in vain due to being an exposed scam by CNMV. Meaning that promise of segregated funds and negative balance protection is a bunch of lies. Likewise, no reputable bank institution keeps the money of fraudulent brokers.

Too High Leverage and Spreads

GP Finance provides 1:100 leverage when leverage is capped at 1:30/UK & EU and 1:50/US for retail traders. It is a helpful tool as it allows for multiplying profits; the higher it is, the more you can gain. 

However, it is risky at the same time. That is why it is limited in certain jurisdictions but not for professional traders; leverage is much higher for them. Anyhow, GP Finance attempts to attract you with high leverage and ultra-low spreads.

GP Finance Minimum Deposit, Withdrawal Terms, and Fees

Apropos of acceptable payment methods, GP Finance claims that deposits come with no fees, and it reportedly supports credit cards, bank transfers, and Piastrix (a Russian e-wallet). However, all these means of payment can be canceled, therefore, they are safe to some extent. So, it is less likely that GP Finance actually accepts them. More likely is that it supports only crypto payments since they are hard to trace and reverse. 

About withdrawals, according to the GP Finance website, they come with no costs and take up to five business days. However, keep in mind that there are no money withdrawal guarantees with a dishonest scam broker. Therefore, think twice before investing money with bogus brokerage firms.

Scammed by GP Finance Broker? – Let Us Hear Your Story

If being defrauded by GP Finance, you should act immediately. First, you must inform the relevant authorities. Then you can contact cyber security experts to help you with chargebacks. If wonder what they are, we will give more details on this matter in the following section. But before moving forward, we just want to remind you to warn others by sharing negative GT Finance reviews.   

But What Is A Chargeback?

In connection with a chargeback, it is a process of money retrieval. So, yes, getting your money back is possible. However, it depends on the payment methods. For example, VISA and MasterCard offer cashback if you apply for it within 540 days. Wire transfers are reversible until you confirm a transaction. A preferred method employed by con artists is a crypto wallet since it is anonymous, and as such, it is most challenging to reverse. However, with chargeback specialists, it is doable. So, contact our company with reference to this, our professionals are at your disposal.

What Is GP Finance?

 It is an offshore-based broker without licenses and regulations.

Is GP Finance a Scam Broker?

Yes, it is an outright scam exposed by CNMV.

Is GP Finance Available in the United States or the UK?

Yes, it is available in both countries but not authorized to operate in any of them.

Taking a brief look at BSB-Global broker, we noticed that the website had been shut down, and the broker had terrible reviews by traders. We decided to expose this scheme and check out which options traders have if they’ve been scammed.

Read our BSB-Global review, and let’s find out.

BSB-Global Regulation and Security

BSB-Global listed itself as a brand of Lotens Partners Ltd from Saint Vincent and the Grenadines. It means that the company should have an FSA regulation. But even with it, it cannot provide financial services. The SVG has a strict policy stating that FSA regulation means the broker is registered but should opt for the regulation in the countries where it provides financial services.

However, since BSB-Global hasn’t done such a thing, it’s not a secure nor legitimate brokerage.

Warnings From Financial Regulators

Being a scam broker always carries certain risks from being exposed. If you defraud too many people and they report about it, eventually, the broker will be blacklisted. It happened to BSB-Global in the UK. The Financial Conduct Authority published an official warning against BSB-Global brokerage as an unregulated scammer.

Fund Withdrawal Issues

Since BSB-Global is an unregulated brokerage, clients are going through hell trying to get their funds back. Since you made a payment from your bank, you might be thinking that bringing it back should be a no-problem task. However, the situation is a bit different. The merchant company is doing anything in its power to show you are the one who approved the transaction. On the other side, the brokers of BSB-Global are doing everything from their side to prevent you from accessing your funds since it means less funds for them.

If you were scammed by BSB-Global and had no possibility of getting your money back, contact us immediately.

Traders Opinion

For example, if you check Trustpilot, you will find the BSB-Global trust index to be 1.9/5, rated as poor. Again, when you have all the information mentioned above, for sure, you know why it happened. Clients are stating that they cannot withdraw their funds, that brokers are sending them from one person to another, just for the communication to stop completely. In the end, clients cannot even reach the company since employees are blocking the number of the most persistent ones.

Do not allow yourself to fall for such a fraud.

Beware of such scams as CDG Global and ForexMart.

How Does Online Trading Scam Work?

Unregulated scam brokers have their way of befriending clients and building trust. For a start, you are being asked to invest only the minimum, you are constantly in touch with the same broker, and this broker is pretending to care for you and your funds. Since most of these companies, such as BSB-Global, use only a web trader, they have access to your trades. At the start, they are changing everything to your favor, making you think you earned thousands. After you see it and relax a bit, you’ll be prompted to invest more money. And more.

It will stop only when you ask for the money back. Then, as described, you won’t be able to contact the company again, nor get your money back.

Scammed by BSB-Global?

We can assure you that you’re not the only victim of the BSB-Global scam. Our team recently received numerous complaints about the broker, all stating that BSB-Global is a scam company stealing funds. What to do? Request a chargeback.

But what is a chargeback? It’s an action taken by your bank to refund your card in case you were scammed. Contact our support via chat and get all the details about the process immediately.

What is BSB-Global?

BSB-Global is an online trading brokerage without regulation based offshore.

Is BSB-GLOBAL a scam?

BSB-Global is a broker warned by the FCA with a poor trader’s rating.

Is BSB-GLOBAL regulated?

BSB-Global does not have a trading regulation by any regulatory body.

FCF Markets is one of those brokers expecting you to blindly trust them. In fact, many inexperienced traders might fall for their tricks. However, we are exposing all of those in this FCF Markets review.

Knowing what to look for is the key to safety in the trading world. Therefore, you might as well check our GfxRoyal review to expand your knowledge.

Legal info: Is FCF Markets legit?

With an address in the UK, it’s very easy to determine if the broker is legit or not. We just have to check the FCA register and discover the truth. Yet, this broker is not listed either in the FCA or BaFin and ASIC register.

This means that FCF Markets is nothing but a scam. Another proof of that is the warning from the trusted Spanish regulator – CNMV.

Who are FCF Market’s clients?

Very shortly after their registration, in May 2023, the company got exposed. Primarily, because they were scamming traders from highly regulated countries. Some of those are coming from:

• Spain
• Norway
• Italy
• United Kingdom
• Canada

It’s just a matter of time before other regulators issue other warnings. Moreover, you can help us with that. Let us hear about your experience with this broker and let us know if you need assistance with the funds recovery.

Leverage, Commissions, Spreads, Fees and Taxes

Important to realize is that the broker almost offers legitimate trading conditions. For many accounts the leverage complies with European regulations and goes up to 1:30. However, it exceeds the limit and goes up to 1:100 for the Platinum account.

With spreads from 2.8 pips on a basic account, it’s considered quite an expensive broker. Also, only after a deposit of $10.000, you can get a 25% swap discount. Other trading costs are not revealed which just adds to all the scam signs.

FCF Markets Trading Features

All the features are based on manipulation. Starting with their shady software. The company doesn’t offer third-party tools like Meta Trader or cTrader. Instead, they offer shady files with proprietary desktop and mobile apps. Without trusted regulations all the data on those is most likely fictive and trading features are irrelevant.

Is FCF Markets legit?

To sum it up, no. The company is not regulated in the first place. On top of that, they are offering bonuses with cheesy policies that won’t let you withdraw any money. But the warning from CNMV is the cherry on top.

Available Trading Assets

Even if this broker offers all the available instruments in the world, it’s useless. Simply because you can’t withdraw money while trading with them. Anyway, they offer 6 instrument classes:

• Forex            USD/JPY, AUD/HKD
• Indices          FTSE100, NASDAQ
• Commodities Gold, Palladium
• Shares          Tesla, Boeing
• Cryptos         BTC, DOT
• Futures         Commodities, Shares

Account Types

Obviously, account types with FCF Markets scam broker are designed to extort more money from traders. With attractive discounts and better trading conditions, it’s easily achievable. At least for inexperienced traders. Anyway, those account types are:

• Bronze $250
• Silver $2.500
• Gold $10.000
• Platinum $50.000

Mobile Trading App

Seems like the FCF Markets mobile app is available for download. Yet, not from trusted sources like PlayStore or AppStore. Instead, you have to download their file which might be even corrupted.

Demo Account

A missing demo account is one of the key proofs of their scam activities. If the broker is anything close to legit, they would offer this feature. Instead, they expect you to deposit blindly $250 and trust their word. Without prior access to the platform and checking all its features.

Education

With unregulated brokers, you can forget about education. Because they don’t have time to waste on it. With FCF Markets it’s the same story. They only offer a few analytical tools and a dedicated account manager.

FCF Markets Withdrawal

Same as with any other scam broker, withdrawal is the main issue. Mainly because of shady policies that traders don’t even read. In this case, the same trick as always is used. In general, brokers will attract traders with the bonus offer. However, accepting the bonus comes with a clause.

In the case of the FCF Markets scam broker, you have to reach a minimum trading volume to request a withdrawal. The amount in lots is the bonus amount divided by 4. Thus, if you don’t reach it in 60 days all the bonus and profits made with it will be removed.

Customer Support

With quite poor contact options you can’t expect much from their support either. Only two options are available. Thus none of those raise hope for the response. You can only send them an e-mail or question via the online contact form and hope for the best. Some examples of such bad support you can see with our ITradeFX review.

Key Information To Consider About FCF Markets?

Firstly, the company operates without regulations. Yet, they are allegedly based in the UK. Secondly, they are offering shady trading software and even shadier trading conditions. Not to mention malicious bonus and withdrawal policies. Seems like this broker collected all the warning signs possible.

Luckily, they are exposed with your assistance. Let us help prevent other traders from getting into their claws and tell us about your experience. In the best case, our specialized team can provide you with detailed information about the refund and help you get your money back. You can book your free consultation by sending us a message.

FAQ Section

Is FCF Markets Legit?

No. The company is not regulated in the first place. Secondly, there is a warning against this broker.

What Is The Website Of FCF Markets?

The active website operating since May 2023 is fcfmarkets.org and it’s already on the warning list of Spanish CNMV.

What Are FCF Markets Trading Platforms?

They claim to offer proprietary apps and web trader. If you see any irregularities request a withdrawal immediately. Or even better contact our team for detailed advice.