The Liberty International Review starts off by emphasizing the fact that the broker can easily be mistaken for an airline. If not for all the trading features listed on the website, we would’ve thought that we were in the wrong place since we deal we financial providers, not charter flights.

But we’ve got to give it to the shady scammer, it does catch one’s attention. Nevertheless, what is hidden “in the clouds” will soon be revealed and the fraudster’s terminal is getting shut down.

Also, remember the names of the UF Solution, Solar Markets and CoreGeneric Capital trading scams and avoid them at all costs! Moreover, always check the background of online trading companies before investing!

Does The Liberty International Have a Forex License?

Jumping straight to the point, Liberty International does not have a Forex license. Let’s elaborate; the unauthorized broker provided phone numbers for the UK and Canada but in “Terms and Conditions,” it claims to be operating out of SVG. 

However, SVG’s financial regulator does not provide a Forex license and the laws over there are pretty permissive, hence why there are so many fraudulent brokers based in SVG. 

Furthermore, Liberty International obviously targets residents of the UK and Canada but is not licensed by the local financial authorities – the UK’s Financial Conduct Authority (FCA) and the Canadian IIROC.

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

As mentioned, our financial swindler is nowhere to be found on the websites of the FCA or the IIROC. Also, if you check what other Tier 1 regulators such as the German BaFin or the ASIC have to say about The Liberty International, you’ll find nothing.

Therefore, the broker is unlicensed and a threat. Instead of wasting your energy, find other providers that are regulated by the above-mentioned authorities and exist in their registers.

So Is The Liberty International Decent Broker or a Scam?

Liberty International is an unregulated financial swindler. The company falsely claims to reside in the UK, when it’s actually offshore. Numerous negative reviews indicate that it cannot be trusted.

What Trading Software Does The Liberty International Offer?

One thing to notice is that upon clicking on the “Trading platform,” it immediately opens and gives you a preview. Here we see a bare web-based platform with some basic features. If you’re a novice then this may seem captivating to you but in reality, it’s quite basic and unpolished. 

Additionally, manipulating this browser platform is a piece of cake for the scammer. This defrauding playground was probably taken from somewhere. 

The Liberty International Accounts Overview

Let’s take a look at the accounts that Liberty offers:

• Starter – min. deposit ($250), spreads from 1.6 pips;
• Basic – $10,000, 1.5 pips;
• Advanced – $50,000, 1.4 pips;
• Premium – $100,000, 1.3 pips;
• Fly High – $250,000, 0.0 pips.

Invest with this fraud and you can be certain that your funds are up in the air, no pun intended. These spreads are fake since you get 3.6 pips for EUR/USD on the web trader, which is laughably high and unprofitable.

VIP Program

The exclusive VIP program offers custom-tailored services, prioritized withdrawals and constant support. “Let’s reach the stars together,” the unscrupulous broker says. It seems Liberty cannot make up its mind about whether it’s an airline or a space agency and we know it’s everything but legit.

Terms For Bonuses

First we’ll tell you that bonuses are banned by most regulators. Liberty International acknowledges this at the beginning of its bonus policy. However, the clauses that condition bonuses are wicked and alarming.

For example – “all bonuses are available for withdrawal, provided that the granted Bonus has obtained a trading volume of 50,000 times its value,” which basically prevents you from withdrawing since it can’t be determined which profit was made using which funds (bonus or yours).

The Liberty International – Countries Of Service

On the bottom of the website, the broker says it doesn’t “accept traders who are residents of the United States, Cuba, North Korea, Iran and Syria…” Obviously, the target audience is from:

• UK
• Canada
• US.

It seems that Liberty International is keen on luring potential victims in search of offshore providers. But its anonymity should deter people immediately.

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

Leverage, Minimum Deposit and Fees

As usual with investment scams, the leverage for starters (1:100) caps way beyond the legal restriction for retail traders (1:30 to 1:50). The minimum deposit is $250 but what’s strange is that all the info is unavailable unless you contact your account manager. This type of non-transparency is a huge red flag.

There is a minimum withdrawal fee in place of 1% but not less than $/€/£30 and not more than $/€/£300. The minimum withdrawal amount is $/€/£100.

What Is Known About The Liberty International’s Trading Conditions?

• The broker claims that standard account spreads start from 1.6 pips but the truth is they started as high as 6.4;
• The maximum leverage of 1:100 for the standard account is way too high and illegal for retail traders;
• The bonus policy is quite shady;
• Withdrawal clauses were put together to prevent clients from making profits.

Scammed by The Liberty International Broker? – Let Us Hear Your Story

Do not be embarrassed or despair if you’ve been scammed by Liberty International. There are ways to alleviate the situation. The broker accepts payments via credit/debit cards, wire transfers and Bitcoin. Fortunately, each of these methods is traceable. 

How To Get Your Money Back?

• A chargeback can be requested for a card transaction with the issuing bank within up to 540 days;
• A wire transfer requires a recall, which can be performed only if the transaction hasn’t gone through;
• Crypto transfers can be traced to a wallet within an exchange and then you can request a refund from the exchange;

It is crucial to act quickly. Let us help you by reporting the scammer.

What Is The Liberty International?

The Liberty International in our case is an unlicensed and fraudulent broker.

Is The Liberty International a Scam Broker?

The Liberty International is a scam broker since it is unregulated.

Is The Liberty International Available in the United States or the UK?

The firm claims to be available in the UK but not in the US.

Does The Liberty International Offer a Demo Account?

The Liberty International does not offer a demo account on its website.

VanexFX broker operates under the flag of Vanex Global Co. Ltd. This company is allegedly registered in Thailand. However, the company presents itself as Vanuatu-regulated.

Even though they offer trusted trading software, don’t let that trick you. You will have proof now that you shouldn’t trust offshore brokers. Stay tuned in this VanexFX review for more details.

Legal Info: Is VanexFX Legit Or A Scam?

In the first place, the company claims to be regulated by Vanuatu Financial Securities Commission (VFSC).  Yet, searching in their register showed us that Vanex Global Co was not present. Instead, the company is using someone else’s license. In fact, their license number is listed as Vanex Limited in the VFSC register. Yet, there’s no connection to the VanexFX scam broker.

If that’s not enough for you, check other Tier 1 registers like we did. They offer services to US citizens. Therefore, they must have CFTC or NFA license. Yet, they don’t. Neither do they have any other Tier1 license like FCA, BaFin or ASIC.

Who Are VanexFX’s Clients?

According to WHOIS, the company registered its domain in 2020. For such a fresh company, we were expecting way more. Thus, they offer all the scam services you can imagine. Yet, mainly scammed traders are coming from: 

• Thailand
• United States
• Malaysia
• Indonesia

If you are coming from any of these countries, leave a comment below. Ultimately our fund’s recovery team can advise you on the refund process.

Trading Fees, Commissions, Spreads and Leverage With VanexFX

Even though the company claims to offer spreads from 0.1 pips and 0$ commission, it’s hard to believe it. Simply because they openly lied about their regulations. On top of that, the company offers highly risky leverage of 1:500, while in the US, the maximum allowed is 1:50.

Bonuses

Another key fact is that the company offers welcome bonus funds.  Considering that the company is missing legal documents you can expect withdrawal issues. Especially if you accept the bonus offer.

Because mostly you have clauses preventing you from withdrawals. Important to realize is that the VanexFX scam broker offers bonuses of up to $3.000.

VanexFX Trading Features

One of the main advantages of this offshore scam broker is their trading software. In fact, they offer the most reliable option in the industry – Meta Trader  5. With this software, you can forget about manipulations with the data. However, if you will get a withdrawal it all depends on a broker.

Is VanexFX Legit?

In the first place, the company is not regulated. On top of that, there are no reviews about the company. This can only add more suspicions. On top of that, there are o legal documents and a withdrawal policy. Therefore, they are far from legit.

Available Trading Assets

Another key fact is that the company has quite a poor instruments offer. They offer only 3 main categories. But don’t let these things trick you, because some scam brokers can offer way more but still get everything from you. One of the examples you can find in our FinmaxFX review. Anyway, you can choose here between: 

• Forex pairs  – EUR/USD, USD/JPY
• Commodities – WTI Crude oil,    Brent Crude oil
• Indices – DAX30, CAC40
• Bitcoin

Account Types

Surprisingly, the company doesn’t have account type classification. Therefore, everyone gets the same trading conditions. Thus, the minimum deposit requirement is not revealed.

Mobile Trading App

Like any MT5 user, the company has the right to use iOS and Android apps. This is a great sign. However, with scam broker like VanexFX, you should avoid it.

Demo Account

As a matter of fact, the company claims to offer a demo account. However, to get access to it you must complete full registration.  Generally, this is not recommended because you leave your details exposed to a scammer.

Education

Generally speaking, regulated companies offer a variety of educational programs. Starting with blogs, webinars, seminars and even live trading sessions. However, the VanexFX scam broker only cares about your money. Therefore, you can forget about education here.

VanexFX Withdrawal

Vanex FX is one of those companies not offering a withdrawal policy transparently. Therefore, you can expect a variety of issues. Starting with AML laws, verifications, non-existent fees and taxes, but also many more.

To be honest, something like this is expected from offshore unregulated broker. For that reason, it’s important to understand the warnings from this VaneFX Review.

Customer Support

Another key warning sign is the VanexFX customer support. The company offers an Australian phone number but also e-mail. Thus, we believe that the phone number is VOIP service. Often used as a tactic to manipulate traders.

Also, the company claims to offer a variety of social media platforms. However, none of those don’t exist.

Key Information To Consider About VanexFX?

Primarily, the company is lying about regulations. On top of that, they are hypothetically registered offshore. Which means anonymous. Therefore, yo should avoid them at all costs. Especially once you realize that they don’t offer transparent legal documents and withdrawal policies.

In case you were defrauded by this broker, don’t hesitate to contact us. Most importantly, free of charge you can have the first consultation with our team. Getting your money back could be easier than you think. Get in touch today to find out more.

FAQ Section

What is VanexFX?

VanexFX is an offshore broker operating since 2020 but without proper authorization.

Is VanexFX A Regulated Broker?

VanexFX broker is not regulated. Primarily, not domestically. But also they miss out on all the Tier 1 regulations. So, if you experience any withdrawal issues, contact us for assistance.

What Are The VanexFX’s Regulation And Safety Of Funds?

The company is not regulated by any trusted authority. Therefore, all of the fund’s protection features they are promising are completely fake.

A fully virtually anonymous website has little value to offer, like CA Trade Capital. At the time being they do not even accept new clients. Apparently, the fraudster prefers to sort their victims and choose them personally. There’s no location given on the site or a physical address at all. 

The US phone number may as well be fake. Not to mention there’s no word about any license at all for the service they offer. Hence the blacklists by Canadian authorities. But let’s start from the beginning. Read this CA Trade Capital review and be fully informed of the risks you take with this stranger.

Is CA Trade Capital a Scam Broker?

The unimpressive website and absence of crucial data very easily point at the fact that this company is not legit. Because a license is not easily obtainable (and by this we mean the Tier 1 license) every reputable broker brags about it. The anonymous ones like this firm and, for example, offshore brokers like The Traders Domain remain silent.

Another solid proof of CA Trade Capital not being licensed is the public alerts, issued by the jurisdictional financial authorities in Canada. We’ll list them for you in the next section of this review. All in all, both of the warnings make it clear that this broker is not licensed and never was licensed by the regulators issuing the alerts. Yet, as it seems, CA Trade Capital does offer their questionable services to Canadian traders. And many others, for that matter. 

That’s why we’ve checked the registers of most influential regulators like FCA, CySEC, ASIC, BaFin and CNMV. CA Trade Capital appears nowhere. 

 In short, the company is not a company you can trust. Nothing on the website points at the possible existence of a license. Even worse, the firm gives away no reliable address and is blacklisted in Canada. Staying away is a priority.

To even think of applying for a license, a firm has to bring proof of having a certain amount of operational capital. Then they need to implement the highest security measures, among which the segregated bank accounts stand out. 

Following that, leverage is restricted to 1:30 or 1:50 for CA and US. With negative balance insurance and compensation funds, traders can invest with a piece of mind, knowing their capital is not at risk. Ultimately, transparency is crucial and CA Trade Capital shows none. They do not even respect the leverage ratio and offer it at 1:100. So think well before getting involved in this sham. 

Warnings Issued by Financial Authorities 

Our research sources show this company as most active in the Canadian areas. Alas, since they operate without an authorisation, they’ve caught the attention of the local financial institutions. For now, the two jurisdictional regulators have issued warnings against CA Trade Capital. Read all the details here:

• FCAA
• CSA

The Opinions of Traders On CA Trade Capital 

Interestingly, if you go to the TrustPilot page for CA Trade Capital, you will find an alert. It says that the TrustPilot crew has detected a number of fake reviews on this site and has removed them. Thus, after the removal of fabricated statements, not many are left. The ones remaining clearly show the amount of discontent from the customers. Some of them say:

‘’DO NOT TRADE HERE ! DO NOT EVEN SPEAK TO ANYONE FROM HERE !’’

‘’This is a trap. First you put small amount and they will show couple positive trades to convince you to invest more. After they drain your bank by making bad decision.’’

‘’Any 5 stars are fake review. They ask for small money, they show you you can make lots of money, then they ask for a lot more money, then it is impossible to withdraw your money. Big big scam. It’s a no no’’

CA Trade Capital Platforms – A Software Comparison

What this company refers to as their trading platform is nothing more than a chart preview borrowed from the TradingView. It isn’t the first time we see an attempt one such scam makes in order to fake the existence of a terminal. Obviously, CA Trade Capital only wants to create an illusion of trading. No true buying and selling of financial instruments is happening at all. 

To avoid getting involved in such schemes, we highly recommend choosing a brokerage platform that includes premium software, like MT4, MT5 and cTrader.

What Financial Instruments Does The Platform Include?

Previewing the CA Trade Capital distribution implied the next financial instruments to be available for trading:

• Forex (EUR/USD, GBP/AUD, NZD/CHF, USD/JPY)
• Stocks (Bayer, Siemens, Volkswagen, Amazon, Tesla)
• Indices (UK100, DE40, FR40, ES35)
• Commodities (Aluminium, Copper, Cotton, Crude Oil)
• Crypto (ADA, BCH, CAKE, ETH, ETC)

CA Trade Capital Countries Of Service

On the market for just a bit less than a year and CA Trade Capital already has their preferred areas. It seems like the swindler mostly targets English speaking clientele. However, they do not limit their victims only to that group. As the number of complaints show, there are targets from other countries, as well. So far, most of the victims come from:

• Canada
• Germany
• United States

Account Options Offered by CA Trade Capital

Although perhaps fake, the offer of accounts at CA Trade Capital is still advertised as premium service. 

The packages are overly pricey compared to the industry average. And the conditions coming with buying them are unspecified and too vague to describe here. For example, spreads and leverage are only depicted as ‘’most competitive’’. The concrete numbers aren’t given, except the maximum leverage being 1:100. Either way, here are the profile types and their prices:

• Basic – $500
• Pro – $5 000
• Premium – $25 000
• Elite – $50 000

 Can a Trader Use a Demo Account?

While looking for the options to register, we’ve found no such feature that allows Demo account opening. As a matter of fact, opening any kind of account with CA Capital Trade was disabled at the time being. It implies the brokers preference to filter their victims first. 

Usually, traders should be able to get the Demo package and trade for free, while using virtual funds. Not with many fake brokers, though. Trade Capital is another fraud with a similar name and principles. They have too much to hide to allow you to be nosey with their features, so no Demo here, sir.  

Terms of Service for CA Trade Capital 

Anything remotely relating to the legal docs and perspective at the website is the short and uninformative Client Agreement doc. It doesn’t even stand as a separate document, but in the form of a short web presentation. 

It says that the company promises to protect your privacy and rights on one hand, while not allowing automated trading and using bots from your side. Nothing on the concrete conditions, obligations and processing steps. The company has left itself enough room to manipulate data and later renounce the blame completely.

Leverage, Spreads and Fees

As mentioned before while discussing the transparency problem, CA Trade Capital reveals little to no details about costs. Trading costs, maintenance fees and other charges are what every trader demands the broker to be clear about. That isn’t possible with this site. When the circumstances are such, you can expect all kinds of surprise fees and charges. It’s another way this type of fraudsters earn in the first place. 

We’ve already mentioned the leverage ratio being 1:100. The so-called CA Trade Capital platform is just a chart borrowed from TradingView. It’s a question if the parameters given there are truthful. Beginning spreads at EUR/USD are currently set at 0.00020 pips, which is unrealistic. 

What Should I Do If I Have a CA Trade Capital Problem?

The moment you start suspecting your broker of choice is working against you, take the necessary steps to secure your funds. There’s always a chance the criminal has already disappeared into thin air, so it’s crucial to react fast. 

Our dedicated team can organize a free consultation for you and offer support in taking action against scam. Use whichever way you prefer to contact us and book your free consultation today. We don’t judge and we don’t think being scammed is embarrassing. It happens to anyone and on a daily basis. That’s why reacting against such deeds can help many in the future. 

What Is CA Trade Capital?

CA Trade Capital is a fake brokerage firm without a license and completely anonymous. 

Is CA Trade Capital a Regulated Broker?

As the alerts by financial institutions suggest, this broker is not licensed. They offer their services to traders worldwide without any authorization. 

Does CA Trade Capital Have a Referral Program?

The site doesn’t explicitly say if they have this program or not, but the broker does occasionally organize bonuses, promotions and similar programs. 

Does CA Trade Capital Offer a Demo Account?

No, opening a Demo account and trading risk-free with virtual funds for a limited time isn’t available at CA Trade Capital. 

The first sign there will be trouble with this company is a lack of transparency. Information such as legal name, founders, addresses, and contacts remain unknown. Therefore, it’s common sense to be doubtful.

These things play a key role when choosing a place to invest your hard-earned money. If any of these is missing, things might get complicated. However, if you read this Megbitc review carefully, you might stay away from it.

Legal info: Is Megbitc Legit or a Scam?

According to the presentation, Megbitc exchange was founded in 2017 by Justin Hance. However, two different brands have the same presentation – Togbit and Coinlume. On top of that, the company’s domain appears to be registered in September 2023 and not 2017. This is already enough to believe they are nothing but a scam.

Another proof of that is that the company doesn’t have the necessary regulations. Institutions like FCA, ASIC, and BaFin offer licenses for digital service providers. Quite a suitable option for any crypto investor to feel safe. Yet, this exchange doesn’t have any.

Who are Megbitc’s Victims?

Due to crypto transfer anonymity, it’s easy to transfer funds from anywhere in the world. That’s why controlling crypto transfers is very important. Thus, many scam firms find ways to avoid that and still find their victims. Megbitc Bitcoin trading victims mostly come from:

• United States
• Poland
• Brazil
• Mexico
• Turkiye

Even though some might think cryptos are untraceable, there is a way to track your funds. Therefore, if you think this company is holding your money without permission, let us know.

Leverage, Commissions, Spreads, Fees and Taxes

Important to realize is that this firm does not offer spot trading, margin trading, or any similar service. Instead, they are just a basic crypto exchange. Therefore, we can only expect fees related to the transfer and conversion of crypto.

For regular traders, these fees are fixed at 0.2%, regardless of the position (maker or taker). However, Premium users can get a bit lower fees of 0.14%. Still, nothing is admirable when you compare it to some far more legitimate firms.

Bonuses

In general, the welcome bonus is not available with this crypto exchange. Yet, T&Cs reveal there could be bonus programs in the play. 

If you come to that point, just make sure to check the bonus policy first. Otherwise, you might end up trapped. Still, you can read our Crypto Comeback Pro review and find some additional tips on the protection of the funds.

Megbitc Trading Features

As can be seen, Megbitc crypto exchange has tried to simplify its offer. Therefore, all advanced features are excluded. Such as proprietary software, mobile apps, and advanced tools.

In general, not a single reason to trust them about anything. Yet, to be fair, there’s one interesting thing. But possibly not functional. That’s trading signals.

Trading Platforms Available

Generally, scam exchanges often use software that is easily controlled through the back end. This way, companies create non-existent urgencies. 

However, you should know that with some software options, such options are not available. Yet, with Megbitc web trader, it is.

Available Trading Assets

Cryptocurrencies, in their safest form, are one of the most speculative assets nowadays. Imagine when you add to that hypothetical trading with shady exchanges. Even if this company has any credibility, their offer would be considered poor.

Currently, there are only 7 options available transparently: 

• BTC
• ETH
• LTC
• XRP
• BCH
• DOGE
• ADA

Account Types

Generally, account types are optional for investors to get better trading conditions. However, with the Megbitc scam exchange, a Premium account appears to be mandatory. All traders with a balance higher than 0.25 BTC must activate Premium. If not, they won’t be able to transfer any of the funds.

Exactly, that’s where the catch is. Not to mention that deposit requirements, whether for regular or premium accounts, are not revealed.

Mobile Trading App

Trusted exchanges often offer third-party or proprietary mobile apps. Also, a key part of any exchange is the wallet app. Yet, none of these options are available with this scam investment firm. Their reputation is just getting worse and worse. But to see why mobile apps are crucial, read our Loom Investment review.

Demo Account

Since a demo account is not an option with this company, we expected at least platform access. Sadly, none of that is publicly available and transparent. 

Instead, you can choose any Top-Tier licensed broker to learn and understand markets better and trade safely.

Education

Another key fact is that you won’t have adequate educational support with this exchange. Literally, none of the options are available. Thus, that’s exactly what this company wants. Otherwise, you would recognize their tricks from a mile away.

Megbitc Withdrawal

Obviously, withdrawal procedures are fast only for Premium users. Or maybe it’s just a trick to get traders to deposit more money? All in all, withdrawal fees and processing time are not disclosed for any of the accounts. 

If you were expecting to get any money from this company, check their prior brand reviews and see how it played out.

Customer Support

One very disturbing fact is that traders don’t have the option to contact this firm. Possibly, when they sign up, they get invited to encrypted channels like Telegram and WhatsApp. Still, those details remain unknown to the public.

Key Information To Consider About Megbitc

Whatever you look at with this company, you can see warning signs. Starting with missing regulations, a shady platform, expensive costs, and zero contact options. If you want to go deeper into the details, you can.

In any case, there are many ways this company can trick its customers. It’s up to you if you will trust them or not. You are not the first nor last. However, if you get tricked somehow, know there’s a way to track your stolen crypto. Contact our refund experts now and see the magic of CipherTrace.

FAQ Section

What is Megbitc?

Megbitc is just one of numerous trading names used by the same group of people who are pretending to offer crypto exchange services.

Is Megbitc a Legit Crypto Provider?

Definitely not. If they were they would obtain a Digital Asset Service Provider license in the first place and trusted software.

What is CipherTrace?

CipherTrace is a crypto-tracking tool that helps our specialists, among other institutions, to track stealing or illegal crypto transfers. For more information, send us a message.

Is Bluecex legit? The answer is no! The exchange is a deceitful crypto website on a scam spree, just like Elviva Invest. It’s not a legitimate firm abiding by the law or a reliable platform. 

Our Bluecex review exposes their slithering tactics—from bogus crypto-focused company shills to fake promises of free Bitcoin. Read our analysis to avoid falling for their lies and schemes.

Legal Info: Is Bluecex Regulated?

The Bluecex exchange is not an Australian or Maltese entity, as the website claims. These fraudsters are likely operating from some dubious offshore location like Excent Capital, making it clear they don’t follow any regulations whatsoever.

While some offshore exchanges try to skirt the rules, most trusted players still pursue proper licensing to prove they’re on the right page. But Bluecex? There is zero evidence they’ve gone through any of those crucial vetting processes. Although we haven’t found a regulatory warning against them, we discovered a Bluecex complaint stating that the victim had lost $20,000. 

Instead of trusting unlicensed phonies, we recommend you trust firms that are regulated by esteemed financial market authorities such as the FCA (UK), ESMA (Europe), CFTC (US), ASIC (Australia), IIROC (Canada), MAS (Singapore), etc. 

Trader Reviews – Sharing Experiences

We found numerous Bluecex reviews on scamadviser.com indicating fraud. Users claim they have been swindled out of their hard-earned funds. Some outline Bluecex login issues, while others say they couldn’t make a withdrawal. 

“I got into this mess of an investment platform when a lady I met on a dating platform (Jane) convinced me to invest. At first, everything was going well until I requested for withdrawal. Long story short, I was compelled to make more and more deposits for one bogus tax or another,”

– one user wrote. 

All the elements of a romance scam are there. Before investing money online, check what regulators and users say about a particular platform or website to ensure you deal with a transparent entity.

Who Are Bluecex’s Targets?

According to WHOIS, the bluecex.com website domain was created on September 20, 2023. Since then, the shady exchange has mainly been providing illicit services to investors who reside in the following countries:

• United States
• United Kingdom
• Canada
• South Africa
• Indonesia

These states are known for their strict financial regulations and vigilant watchdogs who monitor the markets closely. The U.S., in particular, is known for being extremely demanding. They also carefully examine participants to stop fraudsters from scamming people.

There’s no room for digital con artists like Bluecex. Swipe their website through a scam-detector.com check, and you’ll see it has received an embarrassingly low trust index of 21%. 

How the Crypto Platform Works

There is no Bluecex app for mobile devices or desktops. The exchange operates solely through a web-based platform comprising rudimental tools and an unpolished interface. It lacks advanced features that make crypto trading efficient.

Furthermore, the exchange’s fraudulent status and shady background cast doubt on the online terminal and its reliability. For all we know, it may be rigged and manipulated. 

For that reason, we don’t recommend you use it. Instead, find providers that support reputable third-party software such as MetaTrader 4, MetaTrader 5, or cTrader. These sophisticated platforms offer cutting-edge tools, such as automated trading, live market reports, lightning-fast execution, superb charting, etc.

Fee Structure

When we opened the “Fees” page on Bluecex’s website, we were treated to a blank table. There was no information about the exchange’s trading commissions (maker/taker fees) or the amounts it charges for deposits and withdrawals.

All the site says is that the “first trades,” whatever that implies, are free of charge. How many trades? When do the commissions kick in? These are logical questions one may have, but the only real answer is that the platform is despicable. 

Customer Support

The website doesn’t even offer a page for customer support. Instead, users have an unprofessional FAQ section. Bluecex is not present on social media platforms and doesn’t offer a phone number or email.

There is a disturbing lack of transparency and carelessness. You have no way of contacting them to report an issue or ask a question. Please avoid sending them any money if you value your assets.

Funding Options and Refund Methods

The website hasn’t disclosed which payment methods the exchange accepts, i.e., how to make a deposit or a Bluecex withdrawal. At this point, it’s unsurprising. We’re here to explain how you can retrieve the funds you have sent these virtual tricksters. Three common payment methods are credit/debit cards, wire transfers, and crypto transactions.

A MasterCard or VISA card transaction can be reversed through a chargeback, which you can request from your issuing bank within 120 days of the transaction. Wire transfers can be recalled if the transaction is still incomplete.

Scammers often prefer crypto transactions for anonymity, making it easier for them to avoid detection and continue their fraudulent activities. Reversing crypto transactions is difficult and typically requires specialized tracing software like CipherTrace. Fortunately, our team is skilled at helping victims recover their funds.

Key Information To Consider About Bluecex

Bluecex is a hoax; it’s a fake exchange designed to rob users of their money or digital assets. This scheme’s main targets are investors from the US, UK, South Africa, Canada, and Indonesia. We do not recommend the exchange because it is not operated by legitimate individuals but by criminals after your money.

We offer professional services and assistance if you have fallen victim to the Bluecex crypto scheme and cannot withdraw your funds. Use the form below to book your free consultation with Scam Brokers Reviews.

Book a free consultation with us and start the chargeback process.

FAQ Section

What is Bluecex?

It’s an anonymous website offering fake crypto trading services. The scheme aims to seize your assets.

Is Bluecex Legit?

Absolutely not. The bogus site has already defrauded several investors, so you must avoid using it.

What is Bluecex Used For?

Allegedly, it’s a cryptocurrency exchange. In reality, it’s a fraudulent website collecting money for the scammers.

What we’ve got here is a shady broker with a seemingly perfect website. A lot of key facts have been included there. It’s enough to convince the average person that this is indeed a legitimate broker but the PrevailFX Review has an eye for detail. Thus, we shall expose the dark secret hidden behind the tempting lies of this fraudster and prevent it from prevailing in its scheme.

In addition to the above, we strongly advise you not to invest in Nexta Capital FX, Golden Bridge Capital and RacFX fraudulent brokers.

Is PrevailFX Regulated By a Financial Regulator?

No. Shocker, right? Well, not really and we’re going to tell you why. This is a typical offshore provider, based in St. Vincent and the Grenadines. SVG is a notorious scam haven that houses countless evildoers due to its favorable laws and lack of regulation.

The island’s financial regulator, i. e. the Financial Services Authority (FSA) does not issue Forex licenses, as per its official website. Therefore, a provider based in SVG can be registered with the FSA but that does not guarantee the safety of your funds.

Why Is Trading With a Licensed Broker Preferable?

If you yearn for full security of your money, as well as transparency, you ought to find yourself a reliable and legitimate broker. By that, we mean a provider that is regulated by top-tier financial market authorities such as the FCA, BaFin, ASIC, etc. Our financial swindler, however, cannot possibly fit those shoes because it operates offshore.

​​Is PrevailFX a Legit Broker or a Scam?

PrevailFX is a shady unregulated broker based in SVG that appears legitimate but isn’t. It mainly targets traders from the US, UK and Canada.

PrevailFX Provides Access To Meta Trader 4? – Trading Platform

What better way to attract potential victims than to promise the industry’s best software, Meta Trader 4? Of course, PrevailFX knows this and that’s why it included it. However, there’s one problem here – MT4 does indeed provide traders with all the features mentioned on PrevailFX’s website but that will never compensate for the missing license.

If you attempt to download the program, your PC will warn you about suspicious files. This implies that the software was taken from who knows where.

Trading on PC, Mobile Device and Tablet

PrevailFX claims that its platform can be accessed on multiple devices – PC, mobile and tablet. Regardless of where you use it, the result will be the same. You risk losing money either way. Plus, non-desktop versions of this software may have some issues.

Partnerships – Referral Program

This is a cruel, yet cunning trick that scammers love. Essentially, a referral program requires you to invite friends to join you. As you may have already guessed, by doing so, you are drawing new victims into this scheme.

Partnership programs are actually misdeeds in disguise that are intelligently presented as the real deal to make you develop a sense of being part of something bigger. A bigger evil plot to be more specific.

Introducing Broker

In this section on the website, you can see what we were talking about. You’re promised rewards for every client to manage to win over. This is a shameless attempt to scam as many people as possible.

Multi Account Manager

Trade multiple accounts from a single MT4 interface. That’s what it says. Well, if the previous concept is designed to draw more victims, this one is designed to make you invest as much as possible from multiple accounts in order to fill the scammer’s pocket.  

Which Assets Can The Investor Trade?

Here’s a list of the alleged trading assets with examples:

• Forex – EUR/USD, GBP/USD…
• Indices – GER30, US30…
• Commodities – brent, copper, corn…
• Crypto – Bitcoin, Ethereum, Litecoin…

As you can see, PrevailFX did include all the popular instruments. Provided that you really get to trade these, it’s pretty cool. However, do not forget that you’re dealing with an unlicensed fraudster.

What Do We Know About PrevailFX Account Types, Leverage and Spreads?

Clients can choose from three different account types:

• Standard – $50, leverage 1:500, spread 1.5 pips;
• Pro – $250, leverage 1:500, spread 0.4 pips;
• VIP -$5,000, leverage 1:250, spread 0.0 pips.

PrevailFX went way over its head on this one. Leverage up to 1:500? Do you know how dangerous that is? A novice would probably lose every cent instantly. That’s why regulators limited leverage to 1:30 (UK, EU) to 1:50 (US, Canada) for FX major pairs. Spreads below 1.0 pips are acceptable, anything above it won’t bring profits.

Also, remember the names of the Winnex Consulting, AlphaPrime and CoinmasFX trading scams and avoid them at all costs! Moreover, always check the background of online trading companies before investing!

Demo Account

Every legitimate broker will provide you with a free demo account so you can check out the features. PrevailFX was smart to include one. This implies that the scam broker is patient and will gladly wait for unsuspecting victims to lower their guard. Thus, be careful.

Minimum Deposit and Withdrawal Terms

On PrevailFX’s website, we are told that the fraudulent broker accepts payments via credit cards and Bitcoin. No wire transfers? Strange. Scammers sure love crypto payments. This way, they preserve their anonymity. 

One more alarming fact we’d like to point out is that on the website, there are three instances where a different min. deposit amount is mentioned. First, it says PrevailFX charges just $10 as the minimum deposit. The FAQ section says $25. Finally, the standard account requires you to pay $50. Who’s lying here?

Scammed by PrevailFX Broker? – Let Us Hear Your Story

If you’ve been scammed by this phony broker, we feel for you. However, you must keep your head up and consider ways to get a refund. We can assist you there. Let us tell you more about chargeback and crypto tracing.

A Chargeback And Crypto Tracing?

A chargeback is used to reverse credit/debit card payments. It can be requested within 540 days at the issuing bank provided that you haven’t given copies of your personal documents to the scammer.

Crypto tracing, as the name suggests, will lead you to a wallet within a crypto exchange. Then, submit a refund request to the exchange. It might be a long shot but it’s worth trying.

What Is PrevailFX?

PrevailFX is an offshore financial provider that claims to be based in SVG.

Is PrevailFX a Scam Broker?

PrevailFX is a scam broker because it is anonymous, shady and unregulated.

Is PrevailFX Available in the United States or the UK?

PrevailFX is available to clients from both the US and the UK.

Does PrevailFX Offer a Demo Account?

PrevailFX does offer a free demo account on its official website.

BitKan is a crypto exchange platform that first appeared in 2013. In the beginning, it was mainly focused on the Asian market, but it grew its usebase with the expansion of crypto trading. As of 2018 and 2019, the company has launched its own token – KAN. Today, you can often hear how this is one of the biggest crypto exchanges of all times with an astonishing number of users – almost 10 million of them in total.

However, some doubts will always exist. For example, the regulatory status of the website and how exactly safe are they, if they do not own a valid Tier 1 license? This and many other questions are answered in our BitKan review, so read on to gain understanding of it all. 

What is BitKan?

BitKan is a crypto currency exchange platform, dating back to 2013. However, the exchange wasn’t always what it is today, and it had it undergo various changes during its development. Major trading functions, as well as their proprietary token didn’t appear until late 2018. However, with the massively growing popularity of crypto trading, BitKan entered the race with the focus on providing automated digital coin trading. 

The website claims that this brand was established in the British Virgin Islands, supposedly “in accordance with relevant laws and regulations”. You can assume we couldn’t just take their word for that and went to immediately check with the jurisdictional regulator  – BVIFSC. BitKan doesn’t show up among regulated/unregulated entities as well as the formerly regulated ones. 

Since the document also states that the parties have to agree to “arbitrate the dispute arising from this agreement in the Singapore International Arbitration Centre”, we checked with the Singaporean financial regulator, MAS, if they have approved of this exchange. They did not. So no matter their success or the number of years on the market, we advise caution.

However, that didn’t stop this company from gradually growing into one of the major crypto exchange platforms over the course of more than a decade. Leon Liu and Fang Yu, the co-founders of the business, had enthusiasm to recognize the crypto potential, perhaps at a time when not many other people did. And they persisted in fulfilling their goal of providing a valuable place for the Asian investors to trade and exchange digital coins. 

Countries of Service

BitKan has more than a decade of experience behind their conduct. We have to admit it’s more than enough time to get accustomed to the market and discover the preferred public. BitKan has apparently succeeded in that, since they do have customers from various areas. From how things are at the present moment, most of the investors using this exchange platform come from:

• United States
• Turkey
• Singapore

Atomic Wallet users also qualify the exchange as reliable, but they still do not own a license. No matter how good they claim their service and customer protection are, we have to warn our audience yet again of the crypto volatility and the lack of security. Heavily regulated websites and companies run an array of safety measures and implement a handful of standards to increase the protection of funds and data. 

In case you are experiencing difficulties with this, or any other similar company or unregulated exchange like KoinDeFi, do not feel ashamed for asking for professional help. We are here to offer it and believe us when we say: we know what we’re doing, and we understand your troubles. 

Traders Opinion About BitKan.com

It appears that BitKan is not all that popular among traders as they claim they are. At the time of writing this review, their only page on TrustPilot was an unclaimed company profile with a couple of reviews. This is far from enough to draw any valid conclusion about the customer satisfaction with the BitKan services. Either way, here are the only two reviews we found so far:

Good overall. It has got profitable features. Will update you later!

Super easy to use, can trade safemoon shiba safemars kishu etc very easily. Even has free bots for trading that helps me make money all the time. Love it!

All these should be taken with a grain of salt. We wouldn’t recommend immediately rushing into investing after reading a couple of positive reviews which may as well be baits. Consider Demo trading first or contacting our legal professionals if you want more information on such firms. 

Leverage, Commissions, Spreads, Fees and Taxes

Trading at BitKan means accepting to cover the fees that their services come with. What determines the amount of fees you pay for using the services is the VIP tier you belong to. There’s a total of 8 VIP tiers and the higher tier you are, the lower the fees you pay. The starting fees are 0.1000%.

It gradually drops how you climb the leather and with your activity, number of referrals, successful trades, investing, etc. The three final tiers enable negotiable fees, which you are instructed to contact BitKan relationship manager about.

You can reduce your withdrawal fees up to 34% if you use KAN. Additionally, the trading bots powered by BitKan are entirely free to use.

Are There Any Bonuses Available?

Naturally, any raising exchange dealing with crypto will offer bonuses. Especially if they are not supervised by the leading Tier 1 regulators that have banned these. BitKan has a 100 USDT joining bonus that you can apply for as soon as you open an account. 

At the current moment, the website also has an ongoing promotion called BitKan x OKX $100,000 Sure-Win Futures Carnival. The purpose of the event is to get investors to deposit more, become more active in order to finish the tasks and then be able to enter the contest. A lot of prizes are mentioned, like mobile devices and minor cash rewards. The biggest one is the $100,000 prize.

BitKan Features

BitKan sure works on diversifying their offer of features, accounts and products. As of now, the platform offers access to 1200+ tokens. The key features refer to the free trading bots, futures trading, and spot trading. There’s also the famous BitKan P2P so you can directly buy or sell USDT, BTC, and ETH. 

Trading Software

Many traders today find it relieving to have the possibility of using automated software for placing trades. It gives them a dose of confidence. Free crypto trading bots at BitKan do exactly that. Activating the AI trading bot can be done inside the platform itself so it spares you the time of adjusting it, as it’s already backtested. Aside from this one, you can choose other types of bots, like two-way one or the infinite grid bot.

Mobile Trading App

The BitKan Pro software is only available as a mobile app, which is a downside to the entire offer. It is well known how much advanced and richer in functions, tools and options desktop platforms are. Also more reliable and far better equipped, they are mostly preferred by traders in general. 

Unless you possess a certain amount of experience, the BitKan Pro trading app could be a bit much in the beginning. Although understandable and user-friendly, it could take a while for a novice trader to get around things. 

Available for both Android and iOS devices, the software is adjusted for every mobile user. The comprehensive app offers a detailed insight into your wallet, information about price movement in real time, and a wide range of instruments and trading tools. The biggest advantage is the ability to trade on the go, without being tied to a desktop machine.

Available Trading Assets

BitKan features a whopping 1200+ different Cryptocurrencies available for the exchange. As this market develops constantly, BitKan keeps updating their offer with more and more Cryptos daily. The assets are split in 2 major groups: Spots and Binance Futures. The Spot asset types are by far more numerous, and include the most popular Cryptocurrencies today.

Here is a basic outline of the BitKan offer:

• Spots – BTC, ETH, UDSC, BUSD
• Binance Futures – BTC/USDT, ETH/USDT, XRP/USDT, EUS/USDT

Education

There is a huge and comprehensive knowledge base available for not only BitKan users, but anybody who wishes to learn about many topics about Cryptocurrencies. The Learning section of their website includes topics on Crypto Basics, Currencies in general, as well as tips on Investing. 

There are excellent tutorials for anyone willing to invest their time to understand any of the topics. BitKan passes their Education aspect with flying colors, as the articles are updated daily.

How to Withdraw Funds?

Without exception, withdrawals are always a possible source of hustle when they’re processed by unregulated service providers. Since BitKan is one of them, we advise high caution when attempting to withdraw profits or initially deposited funds. 

Although, so far, it appears that BitKan has a reputation of an exchange that is true to its word. We can’t be so optimistic as they do not have a supervisory authority watching their actions, monetary transfers and processing of payments. 

The single payout method is, as expected, crypto. We always take the time to warn our customers of the dangers that come with anonymous crypto transfers. All fraudulent entities prefer them for the chance to make thievery instant, while keeping their precious virtual anonymity to protect them from legal prosecution. 

Customer Support

Unfortunately, the Customer Support at BitKan is slightly below average, when compared to other exchanges and companies that provide a similar service. The Help section is quite comprehensive, but you may receive support form an actual human through WhatsApp Live Chat and email. 

The Customer Support response time is quite short, and their agents are well versed in the topic. Some users may find the lack of a Phone Number, or a voice call somewhat limited.

Key Information To Consider About BitKan 

We’d like to again remind you that crypto scam is a daily occurrence. Billions of dollars are stolen on a yearly basis from completely ordinary investors, just like the professional traders. So please understand that there’s no shame in being a scam victim. 

What is important is not to give up and allow the cyber criminals to get away with your hard-earned money. You work hard to have all your capital swiftly stolen from as if it was nothing important.

So if you’re experiencing problems with BitKan withdrawals, do let us know. The legal experts we employ can help you understand your position, as well as your options and alternatives. It would also mean to us tremendously if you shared your experiences and helped us understand how these schemes work, in order to get to the bottom of the issue. 

Is BitKan.com a Scam?

Although BitKan.Com has been in business for a very long time, and has a very dedicated client base who have excellent confidence in the platform, we still stress out that this Crypto Exchange is not a regulated entity.

Is BitKan Available in the United States or the UK?

BitKan services are available to clients on a global level, and the countries of service include the UK and the US.

Are My Funds Safe With BitKan?

BitKan has a very solid and quite good reputation online. Many exchange participants call BitKan their company of choice. Even so, the lack of proper license and regulation is a risk factor. If you’re experiencing issues with this financial services provider, feel free to contact us.

South African broker Trade245 is offering both forex and CFD investments online. While they are a registered broker, there are a few discrepancies that give our Trade245 review pause. A mysterious affiliate company is mixed in somehow, and even without that, the broker’s offerings aren’t all that great.

Trade245 Review: Regulation and Security

The Trade245 broker is owned and operated by Red Pine Capital (PTY) LTD, a South African organization. As a South African broker, they are required by law to register with the FSCA. This broker does have a current license with the FSCA, giving them full authorization to provide financial services within South Africa.

Our Trade245 review discovered that the company behind the broker also operates a second broker called ZumaMarkets, formerly ZumaFX.

However, the broker’s regulatory situation isn’t quite as simple as that. The broker has a disclaimer stating that they are an “intermediary” between traders and a company called MarketFinancial Ltd. The relationship between the two companies is not clearly defined. MarketFinancial Ltd is based in Seychelles, a notorious tax haven. Their involvement with the broker is highly suspect.

Trade245 Review: What Can You Trade With This Broker?

Trade245 has a solid batch of CFDs and currency pairs available. Their CFD selection spans over 150 options across stocks, commodities, and indices. Their currency pair selection is also pretty decent. They offer leverage up to 1:500, a rate high enough to be dangerous for inexperienced traders. Most brokers under other financial regulators have a mandated limit of 1:30.

The broker has multiple account types, including swap-free accounts. Our Trade245 review found their minimum deposit to be $100. The broker also offers deposit bonuses, where a certain percentage of the initial deposit is given to the trader. However, these bonuses have strict terms that make the funds difficult to withdraw.

Which Countries Does Trade245 Accept Traders From?

As a South African broker registered with the FSCA, the broker offers services to residents of South Africa. While they might accept clients from other countries, the FSCA protections will not apply to those traders, putting them at increased risk.

Our Trade245 review found a disclaimer stating that they do not provide services to residents of the United States, but this is the only country specifically prohibited.

Deposit and Withdrawal Methods

The broker supports a variety of payment methods, including credit cards, wire transfers, Skrill, and Ozow. There aren’t any additional fees for making a withdrawal. However, traders that received a deposit bonus are in for an unwelcome surprise. The terms of that bonus will prevent them from withdrawing those funds until they have been traded dozens of times over.

Conclusion: Trade245 Review

New account bonuses shouldn’t be used by brokers to wrongfully deny withdrawals, but it happens very often. Foreign brokers investing with this broker won’t be under the protection of their financial regulator either. The only way to get that money back is to use whatever means necessary. Contact our representatives today to issue a chargeback and recover your funds.

Is Trade245 a Regulated Broker?

Yes. They are regulated by the South African FSCA. However, traders using their services from other countries should note that they aren’t under all protections.

Who Owns Trade245?

The broker is owned and operated by the South African company Red Pine Capital (PTY) LTD. There is another company involved in some capacity, though, MarketFinancial Ltd.

How Long Does it Take to Withdraw from Trade245?

In theory, withdrawals shouldn’t take more than 24 hours to process. However, due to bonus requirements and other issues, many clients report being unable to process withdrawals.

Right off the bat, we’ve noticed that this shady broker is incredibly vague. Key facts were omitted and there’s no legal documentation available. This prompted us to do the Gain Trade Review in order to outline this fraud and prevent the scammer from gaining anything. Keep reading to find out more about this terrible scheme.

In addition to the above, we strongly advise you not to invest in Forex Treasures, Fin Art Media and Perlybit fraudulent brokers.

Is Gain Trade Internationally Regulated?

Let’s take a look at the first irregularity we encountered. Upon entering the “Contacts” section, we were treated with two addresses, one in Indonesia and one in Australia. This anomaly can easily be solved by checking what the two countries’ financial market regulators have to say about Gain Trade.

As you may have guessed, the Australian Securities and Investments Commission (ASIC) and the Indonesian Commodities and Futures Trading Regulatory Authority (BAPPEBTI) got nothing on the illicit broker, nada. Therefore, we hereby pronounce the broker “unregulated” and dangerous.

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

To further touch on the previous statement, Gain Trade is an outrageous scammer. It is unregulated because we were unable to find anything on the broker or company by that name on the websites of top-tier regulators such as the ASIC, CySEC, and FCA. So, kiss goodbye to any money you invest.

How Reliable Is Gain Trade Broker?

Gain Trade is an unregulated financial services provider allegedly based in Jakarta. Negative reviews indicate that it cannot be trusted.

What Platforms Does Gain Trade Offer? – Available Trade Software

Apart from key aspects about your broker that interest you such as the license and payments, you cannot neglect the trading platform. When a provider claims it has superb status and a world-class trading platform available, your expectations are naturally going to be great. However, we’re sorry to inform you that you will be disappointed.

This phony broker says it offers a simple browser-based platform known as WebTrader. The software itself is pretty lackluster, which will affect your experience. 

Mobile Trader – Mobile Terminal From UTIP

This was clever, we got to give it to Gain Trade. The scammer mentioned a legit software for mobile trading produced by UTIP. But, this platform can be downloaded directly from UTIP’s website so why would you trust a shady, unlicensed broker? Nice one, Gain Trade, but you got to do better than that.

Gain Trade – Countries Of Service 

We did some research and found out who are the targets of this financial swindler. Namely, Gain Trade targets people from

• Poland
• Italy
• Germany
• Spain
• the UK.

Also, the website has no English version but has one in Russian. Thus, Russians could also be potential victims of this vile scheme.

What Do Traders Think Of Gain Trade?

Unfortunately, our fears came true. We mentioned that Russians could be the targets and we were right. We found the following comments in Russian and translated them. These claims back up everything we said in the review.

“Do not fall for Gain Trade persuasion. Scammers do not allow you to work normally on their platform. Trading conditions are constantly changing, I am already silent regarding the withdrawal of funds.”

Inna

“Gain Trade is a scam. The company does not match its description and deliberately introduces the client to fraudulent schemes. By investing money in this platform, you will 100% lose your savings.”

Mark

Gain Trade Trade Range of Trading Markets

Gain Trade simply listed the financial asset classes it allegedly offers. These include:

• Forex;
• Crypto;
• Indices;
• Stocks;
• Energies;
• Products.

There’s not much else to it. A reliable broker would be kind enough to give insight into which currency pairs or cryptocurrencies it offers. This, however, is not the case with Gain Trade.       

What Do We Know About Gain Trade Account Types?

Судя по всему, Gain Trade не предлагает никаких типов счетов. Почему вы можете спросить. Что ж, ответ прост. В этом нет необходимости. Как только Gain Trade зафиксирует ничего не подозревающую жертву, мошенник предоставит реквизиты для оплаты, чтобы заключить сделку, а затем исчезнет в воздухе. 

Minimum Deposit, Withdrawal Terms and Fees

We are completely left in the dark here, which is never a good sign. Isn’t this the most obvious question you would ask a broker? What’s the point of trading if you don’t know whether and how you’ll get paid? Again, this information was omitted on purpose due to the scammer’s way of operating. The fraudster will first contact you and then reveal how much it wants you to pay, so be careful.

Also, remember the names of the VintageMarkets, RevolutExpert and Gamma Capitals trading scams and avoid them at all costs! Moreover, always check the background of online trading companies before investing!

Bonuses – Terms & Conditions

Gain Trade did not even bother doing this by the book. There’s no legal section on the website. Hence, there’s nothing on bonuses even though they are the preferred weapons of most scammers. However, it matters not since the T&C and Privacy Policy weren’t included. Major red flag, folks.

Scammed by Gain Trade Broker? – Let Us Hear Your Story

It’s unfortunate and we feel for you. Let’s try to fix it. Since we don’t know how this broker gets money, we’ll simply explain the three basic methods most brokers accept and the possible ways to get a refund. Enter the chargeback, recall, and crypto tracing. A Chargeback, A Recall, And Crypto Tracing?

A chargeback is a process of reversing credit/debit card transactions. It is performed by the issuing bank within 540 days. A recall is the same thing for wire transfers. However, for it to work, the transaction must not be completed. Crypto trading allows you to track transactions to a wallet within an exchange. Afterward, request a refund from the exchange.

What Is Gain Trade?

Gain Trade claims to be a long-standing, internationally licensed broker.

Is Gain Trade a Scam Broker?

Gain Trade is an outright scam broker that’s completely anonymous and unregulated.

Is Gain Trade Available in the United States or the UK?

Broker is available in the United Kingdom, we know that for sure. But, we’re not quite certain about the United States.

Does Gain Trade Offer a Demo Account?

Gain Trade does not offer a demo account. It offers only a live account used to scam people.

FxxTrader is another offshore broker on the market. Your money could be at risk with this company. Is FxxTrader regulated? How does trading with this company work? We’ve answered all this and more in our in-depth FxxTrader review.

• Regulation and Security of FxxTrader
• Warnings From Financial Regulators
• Is it possible to make money with a FxxTrader broker?
• Scammed by FxxTrader?

Regulation and Security of FxxTrader

FxxTrader is a brand owned by TMA Consulting Limited based in the Marshall Islands. According to Terms & Conditions, the website is operated by Bulgarian-based company BONLUKI Consulting Ltd. It remains unclear why one company owns the website and the other one is running it. What is for sure, FxxTrader regulation doesn’t exist in Marshall Islands nor Bulgaria.

When it comes to the security of the funds, there are no guarantees since the company is offshore.

We strongly recommend you avoid unregulated offshore brokers.

Warnings From Financial Regulators

Since we are talking about an unregulated offshore broker that is related to the EU through Bulgaria, we decided to verify if any regulatory body noticed this company.

The UK FCA issued a warning stating that the FxxTrader broker is not regulated and operates illegally in the UK. Furthermore, they invited everyone involved with this broker to report it. The same warning came from Italian CONSOB as well.

Based on our review, we can conclude that the broker is operating illegally in all the countries.

Is it possible to make money with a FxxTrader broker?

When it comes to offshore brokers, this is always the question. The broker is not anywhere near, and there is no regulatory body monitoring it. However, the biggest issue is not to make money; it’s to withdraw it. Suppose you deposit with a scam broker, high chances to see some profits on your MT4 trading platform. But when you try to withdraw this same profit, the problem will arise. Why? Because scam brokers tend to disappear when the payout comes to order.

Based on several regulatory bodies’ warnings, we can confirm that FxxTrader is a scam broker with no license, and there are no guarantees for your money.

We strongly recommend you look for a broker with tier-one regulation such as FCA or ASIC.

Scammed by FxxTrader?

If FxxTrader scammed you, there is a possibility to get your money back. You are not the only victim of FxxTrader broker. You need to file a dispute and request a chargeback. Contact our support via chat immediately, and let’s get your money back! Do not let the scam broker go away for free!

Is FxxTrader a good broker?

FxxTrader is an offshore broker with no regulation. We can say that it is not a good or legit broker.

Is FxxTrader a Scam?

FxxTrader is a broker based in an offshore country, Marshall Islands. The broker has no regulation by any regulatory body for its activities.

Is FxxTrader regulated?

No. FxxTrader is based offshore, in the Marshall Islands and has no regulation by any regulatory body.

Are Funds Safe with FxxTrader?

No, your funds are not safe with the FxxTrader broker. It’s based offshore and has no regulations for its activities.