Presenting false corporate information in order to leave a good impression on potential clients is what Mekness broker does well. CBR apparently wouldn’t agree with their methods, as the prominent regulator has them blacklisted for illicit activities. 

Although the site seems comprehensive and transparent, the real truth about this attractive yet unprofitable deal is yet to be discovered. Read our Mekness review for more information.

Labuan or SVG… Which Will It Be?

Mekness Limited, an allegedly regulated firm from Labuan operates the website we’re reviewing. However, according to the LFSA information, this firm is not licensed. 

While the Mekness scam tries hard to conceal their offshore tracks and the fact that they’re unregulated, legal documents reveal SVG courts to have exclusive jurisdiction over the company’s legal matters. On top of that, CBR has issued a warning against the conduct.

Binainvest is another example of an illicit firm trying to appear legit by faking their corporate information. Do not fall for such tricks and choose a licensed entity that offers segregated accounts, investor protection programs and compensation funds.

How The Fraud Works

The problematic meekness.com domain was started in June 2020, which you may quickly verify in WhoIs. The scammers’ target these particular regions:

• France
• Morocco
• Italy
• Spain

This boiler room uses numerous social network accounts to reach their clients. It operates profiles on Facebook, Instagram, X, Pinterest, TikTok and LinkedIn. The lack of Mekness reviews, however, shows that the firm isn’t at all popular among traders.

With the propaganda machine working its way, the boiler room agents have some basic foundation off of which to work their persuasion magic. Using a script prepared beforehand, they constantly pester people by phone, trying to pitch their investment scheme.

Unclear Service Costs

The spreads are said to start at 0.01 Pips, but the actual spreads depend on your trading account, starting with 1.3 Pips for Standard and 0.6 for VIP. Similarly, the company advertises a leverage of 1:100 on one page of the website, and 1:500 on another.

The fees are mostly concealed, even in the legal docs. The only actual number you’ll see is quite convoluted as well, stating that withdrawals pulled before 3.0, whatever that means, incurs a 15% fee.

Deposits and withdrawals are said to incur no charges, but this is difficult to believe when claimed by scammers. Many swindlers like Morfin FX also use hidden fees.

Trading Bonuses

The company offers a deposit bonus in order to entice further payments. Clients can expect a 10% bonus, or up to $5,000 with each investment. There is also a creatively named “No deposit bonus” of $50 for new clients.These are, of course, used to entrap clients in a convoluted withdrawal policy that denies payouts.

Unremarkable Trading Amenities

Don’t be fooled, this so-called company is a den of hardcore scammers. Any trading that you encounter is just a facade to keep you wasting money on it. The trading environment reflects this purpose, and the overall features are quite barebone and lackluster.

Leeching on MT5 Reputation

While Mekness webtrader seems to be most advertised, the prestigious app is also available for downloading on Windows devices. MT5 supports various built-in indicators and other tools for in-depth technical analysis and is, in general, considered better equipped than MT4. 

An abundance of reasons makes this technological solution most preferred by millions of investors worldwide. It’s no wonder these blacklisted cons use that to make their offer more attractive.

Available Instruments

As expected, there is no full disclosure of the trading instruments. There are multiple asset classes available, but very little is said about individual products.

Here’s an overview:

• Forex – EUR/USD, AUD/CAD, GBP/CHF, USD/JPY
• Futures – ES-E, CL, GC, ZW
• CFDs on Commodities – Oil, Gold, Wheat, Sugar
• Stocks – Apple, NVidia, Alibaba, Tesla
• ETFs – SPY, QQQ, VUG, GLD

Compare Accounts Page 404

Registering your Mekness login is a procedure that requires email and phone number verification, as well as KYC documents to be uploaded. After that, you can choose one of the several account types:

• Standard
• Universal
• Pro
• VIP

The prices of the packages are not revealed as the account comparison page displays the missing page error. The minimum investment required is $300 and differs depending on the asset you want to trade, not the package you choose. 

Demo Bait

The Mekness free demo account is credited with $50,000 in virtual currency for speculation. While this is not necessarily enough for prolonged practice, clients can have multiple demo accounts. Beware, though, because many fake brokers use these demos to present an overly optimistic profit margin.

Articles as the Only Learning Source

The whole of the Mekness Forex education consists of several groups of articles that cover the basics of Forex trading. There’s subjects like fundamental and technical analysis, indicators, oscillators and others covered. Since there’s no webinars, live lessons, ebook and video tutorials, this offer is quite inferior compared to others.

Promise of Easy Withdrawals

All payment procedures supported by the brokerage are advertised as quick, easy and straightforward without any costs. However, legal documents clearly say that all transactions are subject to fees, especially the Mekness withdrawals.

The transaction methods differ between those shown on the site and those in the user area, where e-wallets aren’t mentioned. These are some of the supported channels:

• Bank wire
• Credit cards
• Crypto

The minimum withdrawal amount is $50 else $10 will be charged as withdrawal processing fee, with additional 15% fee charged for premature withdrawals.

Suspicious Customer Support

The customer support service functions through a live chat feature accessible through the website. This will not open a chat on-site, however, and will instead direct you to a WhatsApp number. The system was intentionally set up in this way, because the fraudsters can change their phone number and cut the clients off at any moment.

Got Scammed? We Can Help Get Your Money Back!

This broker claims to be legally authorized in one nation, and fall under the legal jurisdiction of another. None of this is true in the end, and neither are their claims of a world-class trading opportunity.

If you’ve invested with these professional con artists, don’t be ashamed and contact our legal experts instead. We are available 24/7 via the live chat, and you may still recover your money with our help.

FAQ Section

What is Mekness?

It is a fraudulent organization that targets unwary traders in order to steal their money.

Is Mekness Legit?

No, the firm is not a regulated entity. Unregulated brokers are likely to steal your investment!

How to Withdraw Profits From My Mekness Account?

This company may not allow withdrawals. Contact our legal experts via the live chat for help with recovery.

The financial fraud we’ll be unveiling in the following BBSlimited review has already shut its virtual doors. Although the reason for that is still not known, and it may never be revealed, there are several clues as to why that happened.

The most solid evidence of all about the BBSlimited broker being a total scam is the fact that more than a few regulatory bodies have warned the public about their illicit operations. Keep reading as we reveal all their unscrupulous methods for money theft.

Sham Exposed!

Out of the oil and gas companies, coffee shops and other businesses located at the address provided on the now inactive BBSlimited website, none belonged to the broker. Operating under no supervision, yet promoting and selling online financial services to Canadian investors, can’t go on for long. Jurisdictional regulators in Canada have started posting warnings on the account of the illicit Forex dealer in question.  

BCSC, CSA, IOSCO, AMF, OSC, and CONSOB have all published alerts against the danger that this company poses for Forex investors’ funds. Apparently, these regulatory actions have successfully sabotaged the swindlers and made them disappear. 

However, we’re aware that members of our audience that have invested here may be facing troubles with fund recovery because of that. If you are one such victim, please contact our support office and legal experts for help.

A Whole Year of Chicanery

As we analyze the site age and activity, we can conclude that it was established in January 2023 and that it’s main targets were traders from:

• United Kingdom
• Germany
• Canada

During the whole previous year the boiler room operators engaged by the BBSlimited scam were ruthless in their hunt for victims. They exploited the lack of experience of Forex newcomers to convince them to invest while promising high returns on investment and magnificent trading terms. 

One notable tactic often used nowadays is the promise of a super fast and reliable AI-based software, so be extremely careful what deals you accept and decide to invest in.

Bought Reviews Deceive Traders

Although we cannot see the average Trustpilot rating on the account of this fraudster due to the website being shut down, the situation is clear. The number of positive reviews is a clear proof of bought reviews used as a method to leave a positive impression on potential victims. Negative ones speak the truth and it is not in the least flattering for the broker. The same strategy was detected with another notorious con – Astro Invest.

Sitejabber and Reviews.io feedback is far worse, as it features only negative BBSlimited reviews. All of them include exhaustive explanations of how funds disappeared and how customer support ignored repeated tries customers made to establish communication. 

Unspecified Costs and Trading Terms

High leverage is something you should be wary of at all times, especially if you’re a beginner trader. Cons like Growup Capitals offer dangerously high exposure to make sure you lose your investments quicker. Although this site doesn’t reveal the exact ratio available, you can expect it to be high. 

Another crucial aspect of the trading ecosystem are certainly trading costs. None of these are revealed on the site or inside the platform. Spreads, commissions and hidden costs are a significant way to accumulate profit for fraudsters, so always be on the lookout.  

Not Anyone Can Access Tools and Features

Anything you wish to test or explore on this online trading portal either requires a payment or a BBSlimited login to be created first. Cons have effectively blocked all sign up attempts for everyone except their handpicked targets that own a promo code. That itself is a red flag, as major brokerage powerhouses provide quick and seamless registration for all.

Unknown Platform

Despite the website advertising a remarkable BBSlimited platform with AI-powered tools and mechanisms that allow automated trading, it’s simply not visible. 

Any of our attempts to test the platform were instantaneously denied. Due to not having the secret code, we couldn’t complete the account setup process. Therefore, we never got to test this extraordinary software that allegedly makes money for customers by itself and 24/7.

Huge Number of Assets – Fake or not?

It’s easy for fraudulent enterprises and anonymous trading platforms to simply list whatever trading assets they wish. After all, no one will sanction them for it when they’re not supervised. 

That’s why a variety of tradable products is mentioned on this site:

• Currencies CFDs – EUR/USD, USD/JPY, USD/GBP
• Stocks CFDs – Nike, Ferrari, Disney
• Indices CFDs – NSDQ, FTSE, DOW
• Crypto CFDs – BTC, ETH, XRP
• Commodities CFDs – Oil, Gold, Cotton

No Specialized Account Variants

A live trading account at the cost of $250 is all that is mentioned on the site that has now gone blank. Lazy financial cons were unable to design separate feature packages, yet greedy enough to urge customers to invest. 

Speaking of which, any deposits left on this site are destined to be stolen, so refrain from handing over your life-savings to shady service providers.

Sabotaged Payouts

After the cheating scoundrels vanished, a trail of victims was left hanging and unable to withdraw their funds. The broker never actually specified what funding methods were accepted and what conditions pertained to the BBSlimited withdrawal. 

Such lack of transparency is disturbing to say the least, as there’s always a risk of an imposed trading volume requirement and advanced fees. Please seek professional legal help if you wish to attempt to retrieve your stolen funds.

Several Non-Functioning Support Channels

Website visitors and registrants were convinced that a 24/5 support office was on their disposal for whatever issues they could face. Alleged methods to contact the client service listed are:

• WhatsApp
• Telegram
• Phone
• Email

Of course, none of these were ever even remotely reliable or operational, it was just a farce to make the clients feel safe before mercilessly robbed.

Contact Us For Help!

As attractive and lucrative the conditions presented by these cyber thieves used to sound, they were just red flags of fraud. Otherwise, they wouldn’t have gotten on so many blacklists by various regulators. 

If you’re struggling to make a withdrawal from an inactive site and need professional guidance with fund recovery, contact our legal experts and book your free consultation.

FAQ Section

What is BBSlimited?

The broker is a ghost fraud as their unscrupulous website has disappeared after being blacklisted multiple times.

Is BBSlimited Regulated?

No, the firm never operated under a premium legislation or any else for that matter.

How to Request BBSlimited Withdrawal?

Since the site is down at the time being and probably indefinitely, we suggest you contact our chargeback advisors.

According to the company, BiKing Exchange has been registered in Singapore. Yet, without a transparent legal entity name, it’s hard to prove that in any register. Not to mention, they claim to have MSB registration in the US and Canada.

Yet, you can find too many irregularities once you start digging through the information. But don’t waste time because we have it all summed up in this BiKing Exchange review.

Legal info: Is BiKing Exchange Legit or a Scam?

If BiKing Exchange is truly based in Singapore, it should primarily have a license from the MAS (Monetary Authority Service) of Singapore. Yet, they don’t. In any case, the company claims to have MSB dual licenses in the US and Canada. Indeed, the FINCEN register shows the company under the name BIKING, which was registered there in 2021.

However, there’s not a single indication that there is a connection to the bikingex.com crypto exchange. Not to mention that this exchange is hiding its registration address, which would solve this mystery. After all, even if they are truly registered there, that’s not enough since they also provide trading services. For these, they should have SEC or CFTC regulations as well.

Who are BiKing Exchange’s Victims?

Obviously, this company has been targeting richer destinations. Surprisingly, the ones that have quite strict regulatory oversight, such as: 

• Australia
• United States
• United Kingdom
• Germany

Luckily, our BiKing Exchange review is there to keep you away from such endeavors. The company claims to have 1.2 million users, yet it has zero reviews. If you somehow end up scammed by this firm, our refund specialists are there to consult on how to get your funds back.

Leverage, Commissions, Spreads, Fees and Taxes

Important to realize is that BiKing Exchange doesn’t have transparent trading fees. Even though they advertise the lowest fees at 0.1%, that’s just a dream. After all, with all the misleading details, how can we trust anything they claim on their website?

Nevertheless, the most disturbing detail is that the leverage they offer for crypto trading is insanely high. While most exchanges limit it to 1:5, this company offers up to 1:125. That’s definitely not something that complies with any regulations. But to learn how to avoid such traps, read our RoyalDiam review.

Bonuses

Another disturbing detail is that the company offers USDT once you register with them. Yet, conditions for bonus credit have not been revealed. Generally, it’s better to stay away from anything that doesn’t seem legit. Another great example can be found in our FiveStarBit review as well.

BiKing Exchange Trading Features

Besides regular crypto exchange services, you can use the BiKing Exchange app for regular trading. You can use services such as spot, perpetual, grid, copy, bonus, or simulated futures trading. 

However, with their unclear conditions and too many misleading information, none of these options seem reliable. Instead, we suggest you choose top-tier licensed firms to avoid any unpleasant surprises.

Trading Platforms Available

Once you complete the BiKing Exchange login procedure, don’t be surprised by their web-based platform. It’s perfectly designed to be user-friendly, simple and intuitive. 

However, once you start trading and recognizing unexpected problems, you will also realize all the flaws of the platform. The key one is back-end manipulation.

Available Trading Assets

If you are interested in staking your crypto on the BiKing Exchange wallet, there will be plenty of options for you. With more than 400 tradeable cryptos, this is quite a refreshing thing about this firm. But if it was only legitimate… 

Anyway, some of the most popular options are: 

• Bitcoin
• Litecoin
• Shiba
• Doge
• Polkadot, etc.

Account Types

Even though the minimum deposit requirement is not declared, you can most likely start with anything above 1 USDT. Surprisingly, this company doesn’t have any VIP or Premium packages for its traders, which means we all get the same trading conditions. At least something fair with this firm.

Mobile Trading App

Whether you choose to exchange crypto or use BiKing Exchange futures trading options, their mobile apps for iOS and Android could be quite useful. However, with only 10k downloads on PlayStore and an average rating of 1.8 stars, there are clear signs there’s something wrong.

Demo Account

Considering the BiKing Exchange spot trading availability, inexperienced traders might find demo accounts quite useful here.

Thus, the company doesn’t bother wasting time with those clients. They only aim for your money. So, you can decide to go along that way or choose a far more transparent and reliable company. It’s up to you in the end.

Education

Trading crypto, especially with a leverage of 1:125 requires very strong knowledge of the matter. Sadly, with this exchange, there are no educational programs available. Keep in mind, that you are on your own here.

BiKing Exchange Withdrawal

Another key fact that causes problems is the BiKing Exchange withdrawal. Firstly, only crypto methods are available. Secondly, the company doesn’t reveal any fees for it. So, you can expect issues there in the first place.

If they don’t manage to get more money from you, they might come up with verification problems or AML law issues. All in all, if you don’t fall for any of their tricks, don’t be surprised if your account is closed.

Customer Support

Sadly, the company presents its support as available 24/7. Yet, if you send them a message via live chat, they are not required to respond immediately. 

Another problem is that the company mainly communicates over the Telegram group. By the way, that same group has only a bit over 3.5k members. That tells you the truth about the company’s 1.2 million users.

Key Information To Consider About BiKing Exchange?

Firstly, the company is misleading us with regulation details. Secondly, they are using shady platforms, non-transparent conditions, and extremely dangerous leverage. All in all, there are zero reasons to trust them. To be fair, we know what’s that all about and it’s quite easy to get scammed if you are not experienced.

So, if you have money stuck with the BiKing Exchange scam company, let us know. At least you will help other traders get away from them. But also, you can start the refund process with our professional assistance without any headaches. Book the first meeting for free and find out all the necessary steps.

FAQ Section

What is BiKing Exchange?

BiKing Exchange is allegedly a Singaporean crypto exchange that has been operating since 2021.

Is BiKing Exchange Legit?

Absolutely not. The BiKing Exchange is not regulated by the SEC or CFTC in the first place. Also, they are misleading traders in numerous ways.

What is CipherTrace?

With the CipherTrace tool, you can track your crypto transfers and start the refund process way more easily. For detailed guidance, talk to our refund specialists.

This company makes a solid attempt to appear legit. If the license number wasn’t fake, they may have been able to even fool someone. However, their lack of a proper regulation gives away the fraudulent intentions brewing behind the scenes.

Keep reading our Wallbitex review to find out everything you need to know about unscrupulous crypto providers before you invest in any of their seemingly attractive services.

Another Estonian Exchange

This EEA country is especially attractive to virtual asset services providers for their loose regulatory standards concerning crypto services. While the owning company is registered in Estonia in 2019 as BigDrop OÜ, they have not entered the collective register, MTR, that contains data on regulated entities in the country. 

Moreover, the business doesn’t have any other license to speak of. If the conduct was supervised by a Tier 1 entity like FCA, ASIC, CySEC or NFA, they’d be considered safe and legit. This way, we can only recommend our readers to stay away and choose a reliable exchange instead.

Onenfx operates in the same manner and makes an effort to introduce their firm as something it is not, all for the purpose to deceive traders, so beware.

How The Fraud Functions

The problematic wallbitex.com domain was created in July 2020. The majority of people who use the site are from these nations:

• United Kingdom
• Spain
• Germany
• Poland
• Netherlands

There are no online adverts, no social network links – but fraudsters can’t exactly use traditional marketing methods. Many unlicensed firms resort to using so-called boiler room agents instead. These agents comprise the majority of the workforce in the online scam industry.

They are usually young, charismatic individuals. A script created up front lets them easily manipulate their victims into investing swathes of money. The funds are, unfortunately, stolen, but there’s a way to recover them, so contact our experts to learn more.

Untrustworthy Company

It’s difficult to trust a firm that hides so well that there’s almost no client feedback about their business. The Wallbitex reviews are incredibly scarce, with only a few of them ever posted on TrustPilot. Even so, the client sentiment is almost universally bad, and the company has an overall rating of 2.8 .

Lowest Costs in Industry? Hardly

The Wallbitex exchange commissions and costs are only described as “never seen” how allegedly low they are. Unfortunately, when they’re left hidden, there’s no way to compare them to average fees present on major crypto exchange websites.

Web widget that serves for buying crypto includes an obligatory processing fee, which is 5% of the total amount you’re willing to spend and that is the only cost revealed.

Unrealistic Affiliate Bonuses

Every client that refers their friends and family to join, creates a way to obtain passive income through their deposits and transfers. Allegedly, you can earn up to 20% per each transaction your affiliates make. The number of people you refer is also supposed to bring you discounts, but none of that is explicitly explained.

Barebone Trading Environment

The simple business of exchanging FIAT to crypto does not require a very advanced environment. This one, however, has still managed to disappoint. Let’s have a brief look at the trading amenities available on the site.

Trade At Your Own Peril

The entire trading deal is done directly on the site. Consequently, there is no Wallbitex app to speak of, only a simplistic form on one of the website pages.

This opens a whole can of worms when it comes to data security, as any hacker worth their salt can intercept the data with relative ease. Thus, sensitive client information like credit card numbers and crypto wallet addresses will naturally be leaked to the public.

Coin Selection is a Joke

The firm offers a total of 5 different coins for purchase, and the offer includes BTC, ETH, LTC, USDT and BCH. Many legitimate competitors to this service offer tens of thousands of coins, tokens and NFTs, all in a streamlined trading environment.

One additional problem with Wallbitex crypto service is that their rates do not match the actual market information. Assets are sold at what seems to be a price lowered by 25%, setting a trap for traders that specialize in arbitrage.

Should You Join this Crypto Portal?

Opting for a Wallbitex login is a painfully long process because the confirmation email that you’re obligated to click on takes forever to arrive. Even after a couple of hours later, we still didn’t get the verification code and could not complete the sign up procedure even after sharing our contact information.

The swindlers obviously force potential new members into sharing sensitive information and then don’t allow them to just join. This could signify involvement of boiler room operators that call targets and pester them to invest.

Payment Process: How Safe is it?

Performing a transaction on this site bears several disturbing risks, like the fact that there is no Wallbitex wallet to speak of. First of all, your credit card information could easily be stolen and your bank accounts emptied in a matter of minutes. Secondly, hidden fees can force you into payments you didn’t plan to make. 

Lastly, this fake service won’t even sell you the crypto you intended to purchase, they will only take your deposit. All in all, money transfers via this portal are dangerous, unsafe and can result in personal financial catastrophes for investors.

Non-existent Help Desk

As with other shady services like Mekness, the customer support only exists to keep the users occupied for longer. People will try to contact the firm through email or phone, only to be met by yet another boiler room. Issues are never resolved, and many victims are just left hanging for months on end until they ultimately give up.

Chargeback Team at Your Disposal!

Did you lose your money on a useless crypto service and had your credit card dried by cyber criminals? Please contact our legal advisors immediately! 

Our years of knowledge, experience and good practice overall have helped us develop the skills necessary for combating financial crime and taking back lost investments. Our chargeback experts are at your service, so book your free consultation wherever you see convenient.

FAQ Section

What is Wallbitex?

It is a cryptocurrency exchange hoax allegedly operating from Estonia. In reality, the firm is not regulated.

Is Wallbitex Exchange Legit?

While the company is legally registered, it does not have the necessary license to conduct their business.

What is CipherTrace?

It is a specialized toolkit that allows tracking crypto transfers through the blockchain. Contact our experts to learn how it may help you resolve your Wallbitex withdrawal issues.

Teccrypto Review 2024: Is it a Scam or Legit?

The world of online trading and investment is dynamic, and one major problem is the rise of shady brokers posing as reliable brokers. Due to this, we face countless types of scams such as Forex Scams, Cryptocurrency Scams, Romance Scams, Binary trading scams, CFD Scams, and many more.  A thorough investigation is necessary on the suspected fraudulent acts that have brought Teccrypto to light recently. We aim to provide a fair evaluation with verified facts and data from reliable and trustworthy sources through our thorough Teccrypto review.

Teccrypto Website – https://www.teccrypto.com/

Website Availability – Yes

Address shown – NA

Warned By – Not recommended by review website like Report Scam

Domain Age of Teccrypto

Domain Name: TECCRYPTO.COMRegistry Domain ID: 2402004043_DOMAIN_COM-VRSNRegistrar WHOIS Server: whois.namesilo.comRegistrar URL: http://www.namesilo.comUpdated Date: 2024-03-18T06:42:02ZCreation Date: 2019-06-14T05:13:51ZRegistry Expiry Date: 2026-06-14T05:13:51Z

Important elements that show if Teccrypto is a fraud

The operation of an unregulated scheme by this company poses significant risks to customers worldwide, as it operates without the necessary oversight mandated by reputable regulatory authorities. Without regulatory supervision, customers are left vulnerable, with little recourse if the company mishandles their funds or engages in fraudulent activities. This lack of protection should serve as a compelling reason to steer clear of this broker, as the absence of regulatory oversight means that they could potentially abscond with customers’ hard-earned money without facing consequences.

However, regulatory concerns are not the only red flags surrounding this company. Numerous warnings and negative reviews abound on social platforms, indicating widespread dissatisfaction and suspicion regarding their operations. One particularly alarming issue is the company’s evasiveness and delays when customers attempt to withdraw funds. Despite promises of security, deposits are not safe with an unlicensed broker, and attempts to withdraw funds are met with protracted delays and unresponsiveness from the support team.

Adding to the suspicion is the owner’s decision to conceal their identity, making it challenging to hold anyone accountable for the company’s actions. While this may ostensibly be to avoid spam, it raises questions about transparency and accountability. Negative reviews and complaints from users further underscore the company’s dubious practices and lack of trustworthiness.

In light of these concerning factors, potential customers are strongly advised to exercise extreme caution and thoroughly research alternative options before considering engaging with this company.

Victimized by the Teccrypto scam? Get your lost money back!

Get a Free Consultation

If you are the one who got scammed by Teccrypto or other fraud, the best solution recommended for getting your lost money back is Report Scam Community

We are one of the few legit recovery assistance and Chargeback organizations that are concerned with a victim’s recovery from losses. We are a committed team of Recovery specialists who have already helped hundreds of scam victims in recovering their lost money. Report Scam provides free consultation and anyone can register by filling out a very short complaint form.

Teccrypto Review: Teccrypto Scam Conclusion

As the Teccrypto Review indicates, there are solid indications that Teccrypto may be a scam, and these worries are tough to dismiss given the characteristics and facts that are often associated with fraudulent organizations. Traders and investors should exercise great caution when selecting a broker, choosing a reputable, licensed, and regulated organization. Ensuring the legitimacy of a broker, seeking objective assessments, and conducting thorough research are all essential measures in preventing fraud and monetary losses.

Also, to prevent yourself from scams like – Forex scams, Binary scams, Romance/Dating scams, Cryptocurrency scams, or any other scams, you should pick a broker or company regulated by some major regulators like FCA, FINMA, SEC, FMA, ASIC, etc. Check the Scam Broker Reviews 2024, Scam Broker Reviews 2023, and Scam Broker Reviews 2022 we have published to check if your broker is a scam or a legit broker.

Read about Chargebacks

To read more about Scam Brokers and their Reviews, Visit Scam Brokers 2024 Page to avoid Cryptocurrency trading scams, Forex trading scams, or other online scams.

Note: The Teccrypto review written above is influenced by the other Teccrypto reviews already on the web. We are not liable for any legal action from the Teccrypto company. In case of any query please mail us at info@reportscam.net.

MayFairPlus Review 2024: Is it a Scam or Legit?

The world of online trading and investment is dynamic, and one major problem is the rise of shady brokers posing as reliable brokers. Due to this, we face countless types of scams such as Forex Scams, Cryptocurrency Scams, Romance Scams, Binary trading scams, CFD Scams, and many more.  A thorough investigation is necessary on the suspected fraudulent acts that have brought MayFairPlus to light recently. We aim to provide a fair evaluation with verified facts and data from reliable and trustworthy sources through our thorough MayFairPlus review.

MayFairPlus Website – https://mayfairplus.com/

Website Availability – Yes

Address shown – Newmount House, Mount Street Lower, Dublin 2, IRELAND, D02 Y759

Warned By – Financial Conduct Authority (United Kingdom)

Domain Age of MayFairPlus

Domain Name: MAYFAIRPLUS.COMRegistry Domain ID: 2817053548_DOMAIN_COM-VRSNRegistrar WHOIS Server: whois.namesilo.comRegistrar URL: http://www.namesilo.comUpdated Date: 2023-09-27T07:50:53ZCreation Date: 2023-09-26T06:54:57ZRegistry Expiry Date: 2024-09-26T06:54:57Z

Important elements that show if MayFairPlus is a fraud

MayFairPlus presents itself as a groundbreaking trading platform, purportedly transforming traders’ experiences in the financial markets. However, the lack of transparency regarding its licenses raises serious concerns about the legitimacy of its operations. This omission is a glaring red flag, often indicative of potential fraudulent activities. What exacerbates the issue is the revelation that MayFairPlus is not authorized to provide financial services in the UK, prompting a warning from the Financial Conduct Authority (FCA).

Despite claiming an address in Ireland, a thorough search through the Central Bank of Ireland (CBI) database yielded no matching records for MayFairPlus. This absence of regulatory oversight signifies that the company operates without any formal regulation or oversight from a governing body. Consequently, entrusting MayFairPlus with investors’ funds poses significant risks, as there are no legal protections in place to safeguard against potential mishandling or misappropriation of funds. Given these circumstances, MayFairPlus appears to be operating as a fraudulent scheme rather than a legitimate trading platform.

Furthermore, the absence of a valid regulatory license and the dubious scope of its business activities further underscore the suspicious nature of MayFairPlus. Investors are strongly advised to exercise extreme caution and refrain from engaging with MayFairPlus to avoid potential financial losses. It is crucial to heed the warnings and recognize the inherent risks associated with unregulated entities like MayFairPlus in order to protect one’s investments and financial well-being.

Victimized by the MayFairPlus scam? Get your lost money back!

If you are the one who got scammed by MayFairPlus or other fraud, the best solution recommended for getting your lost money back is Report Scam Community

We are one of the few legit recovery assistance and Chargeback organizations that are concerned with a victim’s recovery from losses. We are a committed team of Recovery specialists who have already helped hundreds of scam victims in recovering their lost money. Report Scam provides free consultation and anyone can register by filling out a very short complaint form.

MayFairPlus Review: MayFairPlus Scam Conclusion

As the MayFairPlus Review indicates, there are solid indications that MayFairPlus may be a scam, and these worries are tough to dismiss given the characteristics and facts that are often associated with fraudulent organizations. Traders and investors should exercise great caution when selecting a broker, choosing a reputable, licensed, and regulated organization. Ensuring the legitimacy of a broker, seeking objective assessments, and conducting thorough research are all essential measures in preventing fraud and monetary losses.

Also, to prevent yourself from scams like – Forex scams, Binary scams, Romance/Dating scams, Cryptocurrency scams, or any other scams, you should pick a broker or company regulated by some major regulators like FCA, FINMA, SEC, FMA, ASIC, etc. Check the Scam Broker Reviews 2024, Scam Broker Reviews 2023, and Scam Broker Reviews 2022 we have published to check if your broker is a scam or a legit broker.

Read about Chargebacks

To read more about Scam Brokers and their Reviews, Visit Scam Brokers 2024 Page to avoid Cryptocurrency trading scams, Forex trading scams, or other online scams.

Note: The MayFairPlus review written above is influenced by the other MayFairPlus reviews already on the web. We are not liable for any legal action from the MayFairPlus company. In case of any query please mail us at info@reportscam.net.

The flaregain.com website has been shut down, and very little information remains on what it was, or which services it allegedly offered. One thing is certain – this platform has been exposed as belonging to a fraudulent company.

Find out more about how online scams work, and how you can recover lost money in our Flaregain.com review.

Fraudsters Ousted by Authorities

The website of this notorious scheme has gone down for the count, and much of the information related to it got scoured from the ‘net, leaving only a few breadcrumbs behind. The little info that we could piece together paints a bleak picture.

One thing is certain, though – the site was debunked for what it truly was, and the word has spread to the authorities. Quicker than a wildfire in a dry forest, the regulator warnings started popping up.

The first to blacklist the company was CSA, followed by ASC, CNMV, CONSOB, FSMA and the independent watchdog agency, IOSCO. All of these agencies are considered Tier-1, their information rock solid.

The broker did throw around a made-up license from some “Crypto Service Authority”, a non-existing financial regulator designed to instill a sense of trust. These crooks, just like Aksel Invest, are likely to just steal your cash and call it a day.

Short Lived Scheme

The site operated for a short time, being launched in September 2023. Their con’s primarily targeted these areas:

• Spain
• United Kingdom
• Belgium
• Germany
• Poland

Online swindlers are masters of information spinning. Mostly, these “boiler room agents”, as they are called, follow a script that makes it easier for them to manipulate their victims.

Their courtesy and politeness is only skin deep, and they won’t hesitate to cut off the communication if they sense they can’t get any more funds from the mark. The domain is still marked as operational, though, and this might indicate that the people operating it are planning a comeback.

Pumping The Ratings

The Flaregain.com reviews on the web will make you think that the company offers one of the best trading experiences around. Nearly all of these were posted by the review seller networks, hired content writers that work on making the lie seem more believable.

No matter where you look, TrustPilot, SiteJabber, Reviews.io or TrustedReviews, you get the same picture. Everything seemed to be fine and dandy up until a moment when it wasn’t. The negative opinions flooded the ratings platforms, and all of the sudden the main website was out.

Unknown Trading Costs

One of the problems we’re facing in regards to gauging the service costs is the lack of any disclosure on the website itself. While the company did feature leveraged trading, the leverage amounts were only described as “normal”, “silver” or “VIP”, pertaining to the names of different account types.

Other trading parameters like fees were hidden as well. If you’ve been reading our articles, you’d notice that this is a common trope with many faux services like Royal FX Bank. This lets the charlatans drain your account balance through fees they invent on the spot.

Many of these trading hoaxes will ask for up-front fee payment, which is another fraudulent strategy. The firm did offer rather generous bonuses as well, but the particularities of this deal were not left for posterity.

Unimpressive Trading Features

Many of the claims made on the site are in line with what the actual brokerage would offer, for the sake of maintaining a facade.

As expected the Flaregain.com trading amenities provided by the firm were only designed to resemble trading, with no access to the actual markets. Any client interaction is, thus, designed only to keep the victims complacent and spending. 

Obsolete Trading Software

The trading platform made available by the fraudsters has been described as “ground breaking” and “cutting edge”. In reality it was just another Web Trader, and not even a good one at that.

In the contemporary trading industry, apps like MT4, MT5 and CTrader reign supreme, and industry leading brokers only feature the web trader as a backup. Web based software is favored by various never-do-wells, because it lets them edit the market data with ease.

Mimicking Legitimate Competition

The Flaregain.com forex service used to offer many of the trading assets you’d find with other brokerages. Again, this is done in order to maintain some sense of trading, as the information about the speculative instruments doesn’t actually come from the global markets.

Here’s a brief overview of what’s on offer:

• Forex – EUR/USD, AUD/NZD, CHF/GBP, USD/JPY
• Cryptocurrencies – BTC, ETH, ADA, XRP
• Stocks – Microsoft, IBM, Airbus, Tesla
• Commodities – Corn, Gold, Crude Oil
• Indices – WIX, CAC40, Dow Jones, Nikkei 225

Tiered Account Rip-off

The account types offered by the company are what is known as “tiered accounts”. They offer, on paper, better trading conditions like higher leverage or larger bonuses. Traders just need to be willing to cough up more money to fund them.

This is what these accounts cost:

• Standard – $250
• Bronze – $3,500
• Silver – $10,000
• Gold – $25,000
• Platinum – $50,000
• Pro – $100,000
• VIP – $250,000

Withdrawals are the Main Issue

One of the main issues with the Flaregain.com broker fraud is the lack of any transparency. These cybercriminals never even discussed the withdrawal policy on their website.

Ultimately, this resulted in the vast majority of these services’ clients complaining about their Flaregain.com withdrawal being denied. Should you need help getting your funds back from this scam broker, contact our recovery experts through the live chat.

Uncaring Customer Support

The help desk at the company was not there to help the clients resolve their issues, but to drag them further through the mud. Contacting the customer service only connected you to another boiler room agent. In the end, the clients were left hanging, their problems now burning an even bigger hole in their pocket.

Scammers Got You? Take Your Money Back!

Illegal brokerages have, unfortunately, become a common occurrence on the web. Hopefully our article has given you some insight about how you can spot scammers before they trick you out of your funds.

You are not the only trader that has fallen victim to the Flaregain.com scam. Contact our legal experts using the live chat on our site to learn more about the recovery process. We are available 24/7, and our first consultation is free of charge.

FAQ Section

What is Flaregain.com?

It is a now defunct forex trading scam orchestrated by a group of unknown individuals.

Is Flaregain Legit?

No, the company is a total sham, and their alleged regulation is a completely made-up story.

How to Recover Money From a Trading Scam?

Gather all of the information you can, and contact our legal experts through the live chat on our site.

The AI2Trade company was a UK-based investment firm. Practically, there’s no reason to doubt them, given how strictly regulated the UK is. But we have to keep in mind that not all UK-based firms are legit. Or maybe they are not even registered in that country.

Nevertheless, if you want to know how to explore those details and keep your funds safe, stick with us. Our detailed AI2Trade review helps you understand all the tricks swindlers are using. We will also help you with tips on how to recover the money lost due to a trading scam.

Legal info: Is AI2Trade Legit or A Scam?

In general, when a company is registered in the UK, it’s expected to have an FCA license or at least the TPR (Temporary Permission Regime). However, that was not the case with the highly anonymous AI2Trade company. Not only that but the company can’t even be found in the register of founded companies in the United Kingdom.

So, registering offshore is the only way to keep anonymity at the highest level. Sadly, with the inactive company’s website, none of those details are publicly available anymore. Anyway, after numerous warnings that were issued, it’s not surprising the company disappeared. Therefore, we have to thank institutions like FSMA, CNMV, CONSOB, AFM, A-TVP, IOSCO, and Finanstilsynet.

Who are AI2Trade’s Victims?

Even though the company’s domain was purchased in April 2023, the company already managed to destroy its reputation. Traders who were defrauded by this firm didn’t hesitate to share their opinions about them. In this case, those traders come from: 

• Italy
• Spain
• United Kingdom
• Germany
• Albania

If you are one of those victims, feel free to contact our refund experts for a consultation. Getting ahead of scammers is hard. Luckily, the first consultation is completely free. Don’t waste a chance to get funds back.

Traders Reviews

Generally, you know what’s up when you see more than 70% of negative reviews about the company. Not to mention, the total number is already 40 in less than one year. That’s why leaving comments can be quite helpful. Most importantly, when traders leave detailed reviews, it’s pretty easy to understand all the obstacles that are waiting for you, such as non-existent withdrawal fees, platform manipulations, etc.

We encourage you to do that in our comment section as well. But if you are just looking for a way to recover your money, send us a direct message and book your first free consultation.

Leverage, Commissions, Spreads, Fees and Taxes

The AI2Trade broker is not among the most popular with all unknown conditions. The company only revealed leverage of 1:200. Yet, if they were a UK-based and regulated broker, they would offer a maximum of 1:30.

Anyway, traders can easily realize that transparency is key to everything in trading. However, if the company is transparent but not regulated, it can still be problematic. If you want proof of that, check our PhoenixTB review.

Bonuses

One of the oldest tricks in the book to scam traders is through bonuses. Of course, everyone would like to grab some free money. Yet, the taste of it gets bitter later. 

Once traders want to withdraw the money, numerous problems start. Sadly, it was all written in the bonus policy. Therefore, make sure to read it. Anyway, without an active AI2Trade trading firm website, we can’t explore if such options are available.

AI2Trade Trading Features

All trading-related features were completely meaningless. To be fair, it will always be if the company is not licensed. Some firms may offer auto trading, social and copy trading, advanced analytical tools, and even AI tools. In the end, none of that matters if the company is not licensed.

Trading Platforms Available

Obviously, with all the manipulations traders are reporting, there’s no chance the company was using trusted software. The best way for any scam firm to trick its victims is to use a manipulative platform. 

For those purposes, there’s nothing better than a fictive web-based proprietary platform. That’s why choosing a Tier-1 licensed firm that uses cTrader or MetaTrader can make a big difference.

Available Trading Assets

Tradeable assets no longer play a big role in choosing a broker. Practically, almost all brokers offer pretty much the same assets with slight differences. With this one, you could trade: 

• Forex – USD/JPY, AUD/SGD
• Commodities – gold, natural gas
• Shares – Tesla, IBM
• Indices – S&P500, NYSE
• Cryptos – BTC, ETH

Account Types

Generally, the company doesn’t seem to have specific account types. All traders have the same constant conditions regardless of the money deposited, which is quite cool to see. 

But it’s obviously a trick. The company requires a minimum deposit of $1000 without any demo accounts, so even for a micro-account, you’ll have to put away $1k.

Mobile Trading App

Another huge disadvantage of this firm is a lack of trusted mobile apps. With AI2Trade trading company, traders have to use a web browser to access their accounts the whole time. But if you ever try any advanced trading strategy or use multiple tools, you will see why it is so complicated. 

Read our Immediate Connect review to learn how traders get tricked into signing up for these scammy platforms.

Demo Account

A clear sign to stay away from a broker is if they are looking for a high deposit with zero transparency. It might be different if they were only offering a demo so we could test them out. Yet, they are not. 

Not to mention, the company is forging to be regulated by some fictive institution. All in all, zero reasons to trust the AI2Trade Forex company.

AI2Trade Withdrawal

In general, the AI2Trade withdrawal seems quite transparent. There are no withdrawal fees, and the company clearly presents withdrawal options and processing time. Usually, it’s one business day.

However, lack of regulation gives them the power to make any excuse they want to prolong the process. Or even decline the request. So, watch out for those tricks and avoid paying any more money on demand.

Customer Support

One huge disadvantage of this company is a lack of trusted contact options. Not to mention, they don’t even reveal working hours. Yet, they present their support as 5-star rated. By whom? All in all, comparing this broker to any top-tier regulated one would be a shame.

Key Information To Consider About AI2Trade

A lack of regulations, misleading details, fake licenses, fake platforms, and hidden conditions are just some of the ways the broker will scam you. Not to mention, there are numerous negative reviews and warnings from regulators, and the domain has been changed to delude traders.

So, if you were a victim of the AI2Trade scam broker, don’t hesitate to start the chargeback process. This company didn’t hesitate to steal money from you; bear that in mind. Therefore, book a free first consultation with our refund team and find out what your next step is to recover the money.

FAQ Section

What is AI2Trade?

AI2Trade is a trading firm presenting itself as UK-based with more than 10 years of experience in the trading business.

Is AI2Trade Legit?

Definitely not. The company changed the domain to delude traders they are still legit. But after all the warnings, you know the AI2Trade firm is only a fraud.

How to Get Money Back From a Scam Broker?

Depending on the payment method used, you can choose different refund options. To find out what’s your best shot, contact our refund team for a free first consultation.

Most active in the United States, under the jurisdiction of courts of Malta, yet also licensed by AUSTRAC. None of these alleged truths make up for a case of a credible virtual assets service provider that the Celinax crypto scam tries so hard to come off as. 

Without being properly licensed and with zero security measures, it is obvious that cyber thieves operate this site with only one goal: to steal investments. Read more how this scheme operates and how you can protect yourself in the following Celinax review.

Legal Info Doesn’t Add Up

Despite the claims about the Celinax exchange operating under the strict regulatory laws of Malta and being licensed by AUSTRAC, legal registers say otherwise. First of all, Malta has strict regulatory standards regarding the supervision of crypto providers and the MFSA database doesn’t contain an entry that matches the name of this firm. 

Furthermore, AUSTRAC and ASIC registers of financial markets participants also have no companies under this name registered. This trading portal is, by all means, a sham, and operates without proper supervision. We made sure of that by combing through other registers, such as FCA, CySEC, BaFin and CNMV. 

Such unscrupulous campaigns are known to be short-lived. For example, BiterCoin displayed similar scam tendencies and vanished altogether after no more than a year of activity.

Unbelievable Prizes Hypnotize Targets

Created in February 2024, this unscrupulous campaign promotes unrealistic rewards and shamelessly claims to be a professional investment platform only to attract more victims. 

These crooks don’t shy away from using bots, AI-generated promotional videos and fake bonus systems in order to gain traffic. One of the latest additions is the fake celebrity endorsement. 

Unfortunately, this has proven as quite an efficient strategy in the following countries:

• United States
• Germany
• United Kingdom
• Netherlands
• Italy

Blank Fees Page

The web page that should otherwise explain how fee structure works is as empty as the promises these cons make about high returns. Therefore, trading fees remain a mystery.

On the other hand, legal papers do provide some insight into payment and transaction fees. For example, activating a trading account costs 0.003 BTC plus fees, made in a single payment. 

Besides standard trading fees, an additional 5% Celinax commission applies to any transaction. After a time all users are forced into buying a Premium account that features a 2.5% tax on deposit to be activated.

Referral Commission and Other Prizes

The platform features a special Celinax bonus on every referred customer. Each time your affiliate pays fees, you allegedly get 40% of that amount, plus your trading fees are reduced to 0.1%. A bit too good to be true, isn’t it?

As an additional source of motivation for the victims to keep investing, the homepage promotes a large-scale drawing of dozens of cybertrucks, Teslas and Starlink satellites and prizes! How realistic does that sound for a completely anonymous service provider?

Unappealing Trading Features

The fact that the majority of crucial elements are covered in a veil of secrets is just one source of issues. Another lies in the structure of the trading environment that isn’t at all attractive. The Celinax app is far from reliable and the number of assets is quite narrow, while everything is expensive beyond reason.

Portal Doesn’t Accept Orders

Unless you deposit real cash right after creating your Celinax login, using the web terminal is not possible. No loss there apparently, since the defunct portal isn’t connected to a live server anyway. 

No price panel moves and the data shown in the existing layout is painfully outdated. That serves as another proof of the entire trading ecosystem being severely manipulated by the cons that run the scheme. 

Groups of Trading Pairs

The number of available assets isn’t remarkable and no Celinax reviews compliment the offer. However, here are some examples of the available groups of tradable instruments inside the platform:

• BTC/Crypto – ETH/BTC, BCH/BTC, SOL/BTC
• ETH/Crypto – BNB/ETH, XRP/ETH, LTC/ETH
• USDT/Crypto  – ADA/USDT, DOGE/USDT, DOT/USDT

Standard VS Premium Users

Not explicitly described as account types, these two packages are all that is offered to newly joined users. The site doesn’t give a clear picture of what these account variants include but it is said that Standard users enjoy less benefits. Premium membership costs 0.01 BTC plus additional fees.

Either way, all clients who have invested more than 0.165 BTC are obligated to buy Premium status in order to unlock withdrawals.

False Payout Information

Probably one of the most attractive lies presented by this con artist is the one concerning the Celinax withdrawal. According to the site, all payouts are handled in 24 hours at most. 

However, legal docs introduce a series of obstacles, such as unclear trading volume requirements, special fees and additional commissions that could change without any prior notice. All of these are what is commonly used by unregulated brokers like SFCap in order to deny access to funds and reject all withdrawal requests.

Support Can’t be Contacted

Not a single communication channel is presented for users in need of support and guidance. If you find yourself struggling with using any of the features or being unable to perform a transaction, well tough luck buddy – nobody cares.  Not even a basic email address is revealed, let alone a phone number or live chat.

How to Report Issues

It is apparent that the barely functional website we’ve reviewed was created with a single purpose of leading crypto investors into a financial trap.

Even if you started investing and have decided to wish to take your funds back, don’t think it’s too late. Just contact our legal advisors and acquire all the information and legal support you need in order to trace your crypto payment. Our consultation services are free and you can book your meeting with our chargeback experts at your convenience.

FAQ Section

What is Celinax?

The website is an investment trap, created by cyber criminals that wish to steal crypto deposits.

Is Celinax Exchange Regulated?

No, the firm lies about an AUSTRAC license and being regulated under laws of Malta, but checking this information, we proved it was all forged.

What is CipherTrace?

This is a specialized software used by our legal team in order to track the crypto transaction and determine where the stolen assets went, so contact us for help with such matters.

According to the company’s T&Cs, this firm is operated by JPS Labs LLC, which is allegedly located in the United Kingdom. Sadly, the exact address has not been revealed.

That’s already a hint the company is hiding something. But once you start opening this Pandora’s box, you will be shocked. We advise you to carefully read this Abyss World Asset review if you want your funds protected.

Legal info: Is Abyss World Asset Legit or a Scam?

Abyss World Asset claims to have CySEC and FCA as partners. However, these authorities strictly regulate financial activities, and it’s hardly possible for these to be partners. Anyway, if the company was truly regulated by these two institutions, we would gladly recommend them. Unfortunately, they are not.

Not only that, but the FCA has published a warning against this firm. Another issue is that the company claims to have been registered with the FCA since 2016 and CySEC since 2022. On the other hand, their domain age shows a different story.

Who are Abyss World Asset’s Victims?

With four months in the business, it’s very easy to build credibility. You just have to operate genuinely without scamming anyone. But for this scam broker, that was a hard task. Somehow, the company managed to spread all over Europe very quickly. 

Most of their victims come from: 

• Germany
• Latvia
• Lithuania
• United Kingdom
• Italy

If you come from any of these, make sure to leave a review in the comments below and contact us for refund options. This company is definitely not offering you services with authorization. But to learn how to avoid that, check our Exton Global review.

Traders Reviews

If you see a broker with almost 40% of negative reviews, there must be something wrong. That’s exactly the case with Abyss World Asset reviews on Trustpilot. 

As can be seen, the company is using a wide range of tactics to manipulate its clients. Some of those even include fictive fees the company can make up at any time. If you’ve paid any, contact our chargeback team for advice about the next step.

Leverage, Commissions, Spreads, Fees and Taxes

One way the company tries to look legitimate is by offering an available leverage of 1:30, which is the maximum that top-tier regulated firms can offer. However, that’s available leverage and not the maximum available. So, if you get any higher than that, close your account immediately.

The Abyss World Asset broker offers quite low spreads, starting from 0 pips for some accounts and acceptable commissions of $3.5 per lot per side. But if they charge you nonsense fees when you want to withdraw the funds, these small costs don’t matter after all.

Bonuses

Generally speaking, scam companies also use bonuses to manipulate their traders. Primarily by limiting their withdrawal options to the minimum trading volume required for it. Anyway, this company has no transparent indications about bonus offers. If you get any, be careful.

Abyss World Asset Trading Features

With all the awards the company presents us with, you would expect some spaceship of a platform to be available. Not only that, but numerous advanced features and strategies to be allowed. 

Sadly, out of dozens of options, only EAs are apparently available. But with all the lies about regulations, it’s hard to trust Abyss World Asset trading company.

Trading Platforms Available

If the company was truly licensed by FCA or CySEC, it would definitely obtain a license for MetaTrader or cTrader. Yet, they didn’t. 

Instead, you can use their poorly designed WebTrader, which is only optimized for manipulation. Yes, that’s exactly how the agents make it look like traders are making profits.

Available Trading Assets

Even though the Abyss World Asset Forex company offers more than 3500 assets, that doesn’t mean they are legit. The warning from the FCA proves that. 

Anyway, if you want access to the assets this company offers, simply look for any top-tier licensed firm. All categories available are: 

• Forex – EUR/NOK, USD/HUF
• Indices – CAC40, ASX200
• Commodities – aluminium, palladium
• Shares – Microsoft, Tesla
• Cryptos – ETH, LTC

Account Types

Important to realize is that the Abyss World Asset scam broker also has a tactic through account types to manipulate clients. They would limit accessibility to instruments to make traders deposit more money. In return, they would get more assets, but also some fictional support and educational features. 

Anyway, all options are: 

• Standard – $250
• Professional – $2.500
• Premium – $5.000

Mobile Trading App

Generally, we can’t expect trusted mobile apps without proprietary or third-party software. And that’s exactly what this brokerage expects. After all, they show you they don’t want to invest in technology. Why would they if they plan to disappear soon?

Demo Account

Another way to keep traders running away from them is to hide their trading platform and fees. That’s why, after all, a demo account is not an option with the broker. On the other hand, traders will have a 1-week trial if they deposit $250.

Education

Even though the company shows some education options are available, these are only accessible to registered users. If that’s what this company wants to hide, that’s a cherry on top. If you didn’t see enough reasons to avoid them, there you go. 

But also, to avoid other types of tricks, read our TradeBetta review as well.

Abyss World Asset Withdrawal

According to the company, the Abyss World Asset withdrawal is usually processed within 24 hours. Of course, they won’t charge traders any fees there. Or maybe they will. After all, without regulation, they can do anything they want.

Anyway, some traders reported unexpected payment requests. For instance, the company was charging for some mistakes made during the withdrawal process. If that’s something that should be charged, you better stay away from the company requiring that.

Customer Support

Even though the company claims the support is available 24/7 in 16 languages, we highly doubt that. Traders who requested big withdrawals can most likely confirm that. All the contact options available are phone, e-mail, and web-contact forms.

Key Information To Consider About Abyss World Asset

Due to missing Abyss World Asset regulation, there are too many obstacles traders should prepare for. Starting with manipulative platforms, changes in trading conditions, and withdrawal issues. But if any of these problems occur, you can simply book an appointment with our refund experts and find out what to do next.

Some solutions might be simpler than you think. Send us a message right away and get your consultation completely free today!

FAQ Section

What is Abyss World Asset?

After this Abyss WA review, you certainly have clues this company is a fake investment firm that has been operating without any credibility mostly in Europe.

Is Abyss World Asset Regulated?

Absolutely not. The company is misleading traders to have FCA and CySEC regulations. Instead, they only have a warning from the FCA.

Can I Trust Abyss World Asset With My Money?

Definitely not. If you did, we recommend you start the refund process immediately. For step-by-step guidance, you can contact our refund experts anytime and book a consultation.