If you came across the Cambrill broker while looking for a forex provider, please disregard its bogus offer. It is the trading name of Cambrill Trading Services LLC, a rogue brokerage firm that operates without a license or regulations. Likewise, it is a notorious liar telling fish stories, such as claiming to be the award-winning broker. 

Although Cambrill has not yet been formally banned, it is just a matter of time before financial authorities become aware of its fraudulent trading activities. For the time being, read our Cambrill review to avoid this investment scam.

What is more, we strongly advise you not to invest in Syos Space, BitAurox, and XpresTrade fraudulent brokers.

How Fraudulent Is the Cambrill Broker?

One of the main characteristics of fraudsters is pretending to be a legitimate business. Despite spurious claims, it can quickly be ascertained whether a broker is legit or a scam. The most reliable technique to determine this is to check the registries of the relevant financial market regulator. 

According to the findings of investigations, it can be concluded that Camrill is unlicensed and unregulated. Moreover, it is owned by Cambrill Trading Services LLC, an entity based in Saint Vincent and the Grenadines. This wouldn’t be an issue if the broker were authorized. Otherwise, it raises a red flag because SVG doesn’t control its foreign exchange markets.

Cambrill is the trading name of Cambrill Trading Services LLC, registered in SVG (an offshore safe haven for scam brokers since this jurisdiction doesn’t regulate its forex providers).

In any case, the Cambrill broker is not authorized by any other financial market regulator, operating illegally and violating the law. All in all, everything claimed by this fraudster is a big fat lie.

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

The safety of funds depends on a broker’s status. Unauthorized entities are not liable for their acts. That is why you should only deal with regulated forex providers. Furthermore, brokerage businesses certified by category-one supervisory agencies such as Australia’s ASIC, the United Kingdom’s FCA, and Germany’s BaFin are considered the most trustworthy. 

This is due to their stringent standards that safeguard traders. Some licensing criteria include minimum operating capital (e.g., the FCA requires 1.5 million GBP), negative balance protection (a trader cannot lose more than the amount deposited), and segregated accounts (your money is kept separate from a broker’s funds). On top of this, you are protected by a compensation plan in the event that a broker ceases operations (e.g., ASIC indemnifies up to 100K AUD).

What Platform Does Cambrill Provide?

When it comes to trading programs, the more quality they are, the more profitable you will be. For this reason, phony brokers falsely promise the latest technology to draw people’s attention. In the same manner, the Cambrill web trader is nothing more than manipulative trading software with insufficient functionality. 

Besides, it is only available as a browser-based platform, limiting your trading. Unlike this, advanced trading systems (e.g., MT4, MT5, cTrader, Sirix) come with cutting-edge tools (e.g., copy trading, stop loss, expert advisors), are user-friendly, and are accessible from all devices (internet-based trading platform, computer software, mobile trading app).

Trade from Mobile Devices

Aside from the web trader, Cambrill reportedly provides a mobile trading application. However, there is no trace of it. So, another dead end. In contrast, as already pointed out, modern programs are available as trading apps for Android and iPhone, enabling trading on the move. In addition, leading brokerage companies have a proprietary mobile trading app genuinely downloadable from Google Play and Apple Store.

Cambrill Awards – Company Achievements

It is difficult to conceive that a dishonest scam broker could win any industry honors. Thus, Cambrill’s awards are just as credible as this broker’s reputation. That is to say, awarding organizations are either bogus or accolades are counterfeited. 

According to the Cambrill website, it holds the Best Crypto and Forex Broker Awards, Best Platform for Margin Trading (ADVFN International Financial Awards), and Best Crypto Trading App (Forex Awards). This pack of lies is outrageous and a clear sign of how this broker is unscrupulous in its attempt to trick you. 

Cambrill Trade Range of Trading Markets

Allegedly, Cambri trading allows trade on various global markets, including the following tradable assets.

• Forex: EUR/USD, GBP/JPY, AUD/CHF;
• Crypto: Bitcoin, Ethereum, Litecoin;
• Commodities: natural gas, gold, crude oil;
• Stocks: Tesla, Ford, Amazon;
• Indices: NASDAQ, ASX200, Hang Seng 50.

Nevertheless, despite the offer of the foregoing trading instruments, Cambrill is still a shady brokerage firm that shouldn’t be trusted. All things considered, with the improper platform, unfavorable conditions, and unlicensed business, Cambrill doesn’t worth your time. For the most out of forex trading, we recommend brokers registered in the UK, Germany, or Australia.   

What Do We Know About Cambrill Account Types?

As for trading accounts, Cambrill provides no info about what account types are available on its platform. So, you can’t know the terms of exchange and minimum deposit in advance, which is unreasonable and a warning sign. 

Considering the status of this company, we are sure that its account offering is based on lies and deception to rip you off. Keep in mind that dealing with fraudsters is smoke and mirrors.

Can a Trader Use a Demo Account?

Regarding a demo account, it isn’t available at Cambrill. While on the subject, this feature allows you to try real trading without risk and costs. It also enables testing strategies, platforms, and conditions. This option is ideal for beginners and is offered by legit brokers. By comparison, scammers usually don’t provide free practice accounts because it can expose their fraudulent intention.

Details About Leverage Spreads and Fees

Speaking of trading conditions provided by Cambrill, as mentioned earlier, there are very few details about that. As a matter of fact, this bogus brokerage company only reveals its leverage ratio, which is 1:100. This is enough to realize that Cambrill doesn’t comply with any legislation. 

Although higher leverage can help you earn more, it must be treated carefully and requires knowledge. So, it is more suitable for professionals. That is why the ratio is capped at 1:30 in the EU and UK while it is 1:50 in the US. As regards other terms of exchange, they are mispresented to entice traders (e.g., ultra-low spreads, zero trading commissions).

Minimum Deposit and Withdrawal Terms

Concerning a starting deposit at Cambrill, as said, this fake broker is not transparent about it. By doing so, this financial swindler can charge for deposits as it pleases (more than is initially agreed). Likewise, the only accepted funding method is through crypto wallets since it is anonymous and hard to reverse. 

Con artists don’t support secure payment methods like credit/debit cards and wire transfers since they can be canceled. As a result, they insist on crypto payments. Other than that, the withdrawal procedure is obscure at Cambrill. In any case, there are no money withdrawal guarantees with scammers.

Referral Program

One of the hallmarks of every trading scam is the offer of incentives, which are prohibited in many jurisdictions like the EU and UK due to misuse. Namely, thieves use generous rewards to attract traders and rope them into investing. In reality, bonus terms can be changed at the whim of a trickster. Similarly, Cambrill offers an affiliate program consisting of the following.

• Revenue: you can earn up to 70% of all tradings made by clients you introduced to Cambrill.
• Referral bonus: if you recommend Cambrill to others, you can make up to 1,250 USD/per person.
• Revenue and referral bonus: the combination thereof.

So, it is less likely that you will be able to redeem or withdraw these bonuses. For the full benefits of awards, trade with legit brokerage companies.

Scammed by Cambrill Broker? – Let Us Hear Your Story

Before moving forward, don’t trust positive Cambrill reviews on the internet. They are fabricated to lure traders. If you are among the victims of this cheater, it is vital to act fast. Notifying the relevant authorities is the first step. Also, don’t forget to warn others by leaving negative reviews about this scammer. Lastly, getting your money back is possible via a chargeback process.     

But What Is A Chargeback?

With reference to retrieving your misappropriated funds, our chargeback specialists can help you with it. With VISA and Mastercard, cashback is straightforward; you just need to apply for a refund within 540 days. With regard to bank transactions, they can be terminated unless they are confirmed. 

However, crypto payments require professional assistance since they are difficult to be traced. For this reason, get in touch with our company for help with any kind of chargeback.

FAQs About Cambrill

What Is Cambrill?

Cambrill is an unlicensed and unregulated broker full of lies.

Is Cambrill a Scam Broker?

Yes, Cambrill bears all the hallmarks of a broker scam.

Is Cambrill Available in the United States or the UK?

Yes, Cambrill continues to render services despite lacking authorization.

Does Cambrill Offer a Demo Account?

No, Cambrill doesn’t offer a demo account since this option can expose its poor service, unfavorable conditions, and subpar platform.

To call Digibits FX Boiler Room Agents annoying would be a compliment. These people are a constant thorn in your side, and will not let go until you use the magic word – withdrawal. In an instant, they are nowhere to be found.

The broker’s website is quite advanced, but full of contradicting information. This broker does not have any valid authorisation, and possesses no licenses. See the rest of our  Review to learn more about the Digibits FX Scam.

Is Digibits FX Legit or Scam?

Besides the alleged location of their Customer Service Office being in Ahmedabad, India, there is no other information on where this company might be operating from. There is a vague mention of the company being incorporated in St. Vincent and the Grenadines, but not much apart from that is given. Indeed, if Digibits FX were to be truly incorporated in SVG, they would still be an unlicensed brokerage. This is because SVG’s main financial regulator, FSA, does not regulate online brokerages anymore.

Why are the licenses so important? To begin with, without a valid license, the broker is not obliged to follow any legal restrictions or guidelines. This does not mean they are not subject to any repercussions, however. This is why it is very important to expose these scammers in due time, so that we may bring them to the attention of authorities.

To understand the risks of unregulated brokers, we need to review which safety measures have been implemented by reliable financial regulators. BaFIN from Germany is a so-called Tier-1 regulator. They have implemented various risk mitigation constraints to make Forex trading less risky for retailers.

In Germany, and in the rest of the EU the minimum starting capital for a brokerage is set at €730 000. The broker must implement a compensation scheme of €20 000. The leverage is limited to a maximum of 1:30, and Negative Balance Protection, as well as Segregated Bank Accounts are mandatory. Bonuses are forbidden, and the broker must offer full financial transparency. This is all further enforced by MiFID, which is supervised by ESMA.

We have checked the databases of many different Tier-1 regulators for any information on Digibits FX. They do not appear in the register of BaFIN, FCA, FMA, AMF, CONSOB, CMNV, FINMA, or ASIC. This is solid proof that Digibits FX is not a regulated entity, and that they provide their service with no authorisation.

Where Does Digibits FX Mainly Operate?

Digibits FX has their eyes set on the more well-off citizens of select Asian nations. This scam has been operating since 2021, and has managed to steal from a rather large group of people.

These are the countries that have the most Digibits FX victims:

• United Arab Emirates
• India
• Sri Lanka
• Pakistan

The scam heavily relies on what is known as Boiler Room Agents. These people are quite well versed in persuasion tactics. What makes Digibits FX worse than other such companies is that they openly recruit new Agents through their platform via the IB programme.

These Boiler Room Agents will make constant phone calls and try to encourage you to give them more money over and over again. They will claim to be aware of a very lucrative investment opportunity, or to be able to predict an incredible shift in market positions. For this purpose, they use WhatsApp, a chat application with a high level of security. It, in turn, protects the privacy of the Agent.

Traders’ Opinion Of digibitsfx.com

The bad thing about these scam companies is that they only get noticed after enough people have already been burned. Digibits FX is no exception to this rule, and we can see hundreds of people complaining about their bad experience. If you have been defrauded by Digibits FX or a similar forex scam, we implore you to share your experience online. Don’t be ashamed to let your voice be heard, and stop others from falling for the same trap!

Here is what the unfortunate clients of Digibits FX have to say:

They blocked my account and run away with my earnings. […]

If you want to spoil your life and money, then start training with Digibit.
I believed and lost everything, really I am feeling as stupid.

They are scam. They make withdrawals impossible; they cease replying after you make a deposit, and the website is no available. Total deception […]

Leverage, Commissions, Spreads, Fees and Taxes

Digibits FX leverage is very high for a Forex broker. We have seen that many Tier-1 regulators impose strict restrictions in this regard. Leveraged trading is inherently dangerous, and higher leverage may lead to rapid asset losses even with a regulated broker. Digibits FX allows a leverage of a whopping 1:400 for some of their account types!

The most expensive trading account with Digibits FX allows for raw spreads. Other account types offer spreads starting from 1.4, which is quite loose when compared to licensed brokerages. The most expensive account incurs an undisclosed amount of commission, which is unsettling.

Although this company claims that they don’t charge any fees for deposits and withdrawals, you shouldn’t believe this outright, as many fraudulent brokers don’t allow withdrawals. Those that do impose very steep withdrawal fees instead. Digibits FX claims that you may save up to 50% in trading fees over time, but 50% out of 0 is still 0. We can’t really grasp how this works with Digibits FX, other than it being a case of false advertising.

Digibits FX Trading Features

Some of the trading features you can see on Digibits FX seem very lucrative, at least at first glance. Once you pay attention you’ll see that all is not as it seems. The broker allegedly uses the most popular trading platform, MT5. This, as many other things about Digibits FX is a blatant lie. See the remainder of our Digibits FX Review to find out more about the tactics these swindlers use to attract clients.

Trading Software Overview

When you visit the Trading Platform overview page on Digibits FX, you will notice that this broker offers the world renowned Metatrader5. This platform can’t be said to work with Digibits FX, unfortunately, because their distribution of the software automatically redirects you to the MT5 demo server. The software is also labeled as “coming soon”, which is disconcerting. More on this later in our Digibits FX Review.

The other trading platform is the scammers’ all time favorite – the Web Trader. Now, you’ve noticed that other fraudulent companies such as Blockchain Solutions also use this software. It’s not because it’s practical, but because it can easily be repurposed to work with the scamming scheme. Swindlers can easily change the market information, making all your speculations seemingly unprofitable. In reality, you’re not trading at all – it’s all a sham to keep you investing more money.

Mobile Trading App

Both the alleged MT5 and the Web Trader are easily accessible through a mobile device. Metatrader5 has been created to feature a seamless mobile device integration. The Web Trader can be accessed directly through a Web Browser, and every phone and tablet today has one. Don’t let this fool you – this is done just to make you lose your money on the go, as you will constantly check the market info on your portable device.

Available Trading Assets

What gave us a good impression about Digibits FX trading assets is not in their number, or the availability, but how transparent the selection is. One click in the drop-down menu, and you get a nice table that contains all the assets across different categories.

The rest of the company is pretty shady, however, so take this with a grain of salt. One of the problems that Digibits FX has is the contradicting information pertaining to Cryptocurrency Trading. On one page, they offer Crypto assets, but they are not covered in the table we mentioned.

Here are the Trading Instruments Digibits FX has to offer:

• Forex – EUR/USD, USD/CAD, EUR/GBP, GBP/CHF
• Stocks – eBay, Amazon, Hewlett Packard, Bank of America
• Indices – Dow Jones, Nikkei, Nasdaq, S&P
• Spot Metals – Silver, Gold

Account Types

Digibits FX advertises only 3 different account types. This is probably done in an attempt by the scammers to appear legitimate. If you remember our previous reviews, 77markets has only 5 different account types.

Let’s compare the different accounts of Digibits FX now:

• Standard – $1 000, leverage 1:100
• VIP – $15 000, leverage 1:200
• Raw – $50 000, leverage 1:400

No matter which account type you choose, you will be prevented from creating one if you don’t have Promo Code. Another alarming thing is that Digibits FX official statement is that they do not accept clients from the US, but an account creation page lets you proceed even when filled out with US citizenship information.

Can Traders Run a Demo Account?

As we have mentioned before, the MT5 trading platform that Digibits FX features is linked directly to the MetaQuotes Demo server. Although this is good grounds for practice, it doesn’t necessarily reflect the Digibits FX pricing. The Web Trader with this broker does not feature a Demo, so you can’t really test what Digibits FX brings to the table. Furthermore, it is unlikely that this broker has a demo of their own, and that the MT5 demo is simply a placeholder for their lack of an actual software license from MetaQuotes.

Partnership

The Digibits FX partnership program is one of the shadiest examples we’ve seen yet. It’s a full blown Pyramid Scheme, plain and simple. You’d need to invite as many people as possible to invest with Digibits FX, and you split the profit from these new client’s revenue 80-20 with the company.

Other partnership options include a client becoming a master template for copy trading. If you ask us, it’s a recruitment strategy for Boiler Room Agents. These programs will teach people how to become more persuasive, and seek illicit means of making money.

Withdraw Funds

Digibits FX withdrawal policy is really nice, with instant execution during working hours. This is from Monday to Friday, from 09 to 18 hours. It’s a really nice story, but we know how Digibits FX handles their clients. 

Everything is all sunshine and butterflies until you want to withdraw. At that moment, your contact with the company will stop answering the phone, and your IP address will be blocked from accessing the website. The swindlers prevent any login attempts, and don’t answer emails.

Unfortunately we know all too well that these scammers don’t play nice. When your assets are in danger, you need to seek legal help before you lose it all.

Customer Support

Many of these fraudulent brokerages have only a superficial presence of any Customer Support. As we’ve seen earlier in our Digibits FX Review, your only solid line of communication to the company is through a Boiler Room Agent. When that line snaps, you’re pretty much on your own.

Digibits FX use a Live Chat that is linked through Whatsapp as their main Customer Support solution. The encryption on this quite ubiquitous program is rock solid, which helps protect the fraudsters’ anonymity. Other methods include a Contact Form, as well as a number of different emails.

We should remember that only the address of the Customer Service Office is mentioned on Digibits FX website. This address, if not fake, might be the only actual office of the company. You can now understand how the Boiler Room is the main part of the company propper.

What Are the Risks of Using Digibits FX?

Digibits FX is an anonymous Forex trading scam, and this is putting it mildly. We have seen how this company uses various deceptive strategies to squeeze out funds from their victims. We never recommend dealing with any broker that doesn’t have a proper license or authorisation from relevant authorities, and Digibits FX is one of these companies.

No matter how pestering or persistent their Boiler Room Agents are, they are just a bunch of charismatic and devious thieves. That said, you shouldn’t feel bad about being defrauded by these people. There are still ways to recover your money, and you should fight for it! Our team of legal experts has ample experience with cases just like yours. Contact us today through the Live Chat option on our website for the quickest response, and for an absolutely free first consultation. Let us help you as we have helped many like you in the past.

What Is Digibits FX, And Should I Invest Money In It?

Digibits FX is an unlicensed Forex scam company. If you have deposited money with this scam broker, seek our legal aid without delay.

Can I Trade Cryptocurrencies And CFDs With Digibits FX Broker?

Digibits FX does not feature Cryptocurrency trading through their platform. Many different CFDs are available for trade, although we do not recommend investing with this firm.

Does Digibits FX Give a Deposit Bonus When Opening an Account?

Digibits FX does not offer any deposit bonuses to their clients.

Buffets Finance encourages you to become a better trader with their system; they claim that they are easy, efficient, and innovative. And they are, indeed, but only in the way of scamming people.

Do not trust Buffets Finance even if it seems that the website is transparent about the corporate information. The broker claims to be based in Australia, and the company’s owner is INVEST PTY LTD. It is also stated that the company is licensed and authorized by the ASIC with license number #621 771 355. 

In this detailed Buffets Finance review, we discuss a few reasons why you shouldn’t trust this shady broker.

In top of that, we seriously recommend you not to invest in the fake brokers Investirex, Investery Group, and AFX Trade LLC. Do not trade with these unlicensed brokers if you want to save your money!

Is Buffets Finance a Licensed Crypto Broker

The company is licensed, even though it claims otherwise.

We’ve checked the Australian Securities and Investments Commission (ASIC) registers, and we’ve found no trace of a license with the number #621771335. However, there is a company named INVEST PTY LTD, but their registration was canceled in 2016, and these two companies are not connected at all.

Do not take any information for granted, and stay away from Buffets Finance if you don’t want to be scammed.

How Unsafe Is An Unlicensed Broker?

There are many differences between licensed and unlicensed brokers. The Australian Securities and Exchange Commission is the local financial regulator for Australian brokerage companies, and its measures are similar to those applied in Europe. 

All of these rules have one unique goal: to protect the client. For example, ASIC restricted the maximum leverage at 1:50 and presented negative balance protection. This is something you will never have with scam brokers.

Traders’ Experience With Buffets Finance 

Let’s take a look at the comment section about the experience with Buffets Finance:

“THIS COMPANY HAS RUINED OUR LIVES!”

“Do not invest. It’s a scam.”

“They keep changing acct managers and all keep asking for more but won’t let me take out, but pȓestan ḏial sorted things out and got me refunḏed.”

“ALMOST LOST MY LIFE SAVINGS”

If you want more, feel free to check the Trustpilot. Buffets Finance reviews speak for themselves.

Buffets Finance Broker – Countries Of Service

This broker is operating in the following countries:

• Australia
• New Zealand
• UK
• Germany
• Netherlands

Trading With Buffets Finance on MetaTrader 4 (MT4)

The company claims to offer MetaTrader4 as a trading platform, but that is far from the truth. What Buffets Finance scam offers is a web trader that is simply a poor imitation of the popular software. Of course, it has less tools than the real MetaTrader and the trading experience is of a lower quality.

The MT4 was launched in 2005 by MetaQuotes, and even if it was released almost 20 years ago, this program is still considered the gold standard among trading platforms. 

All About Buffets Finance Accounts

There are four account types:

• Pioneer
• Explorer
• Adventure
• Hero

Each account brings more perks and educational materials. However, important information, such as leverage, a minimum deposit, and commissions, are not disclosed.

Also remember the names of the HubbleBIT, Global Profit and Aax trading scams and avoid them at all costs! Moreover, always check the background of online trading companies before investing!

Buffets Finance Range of Trading Instruments & Markets

The company is offering trading with one asset only – cryptocurrencies. They claim to be a specialized platform for crypto trading, with hundreds of digital coins on offer. Note that there are regulated crypto exchanges that could provide you with a better experience than Buffets Finance broker ever would.

What Trading Terms Buffets Finance Provide?

The spreads look pretty attractive but remember that Buffets Finance broker is not regulated, so its trading conditions mean nothing. Please, don’t fall for their lucrative methods. This company will only bring you misery!

Minimum Investment Amount

There is no precise information on the minimum deposit required for each account type the company offers. Still, other details exist, such as positions, portfolio, trading, and exchanges. It simply means that the broker hid the initial amount on purpose, waiting for you to chat with the employees. Once they evaluate your financial situation, they will propose the minimum deposit for you.

About Spreads and Leverage

The company offers very attractive spreads, but beware, we’ve already established that this broker is not trustworthy and that you should stay away from them! On top of this, the company didn’t mention any leverage ratio, and it is our responsibility to warn you on legit measures taken by regulated brokers. Everything above the 1:50 leverage ratio is putting your investments at risk. 

Customer Support – Communication Channels

Buffets Finance will try to reach you via phone, mail, Telegram, and Whatsapp. In the beginning, they will be persistent and patient. They will go with you point by point, explaining how the market works, and that will stop when you stop making deposits. Afterward, you will be left without an answer. They will simply dodge the calls and emails until you decide to drop them.

Buffets Finance Deposit, Withdrawal Methods, And High Fees

There is no specific information about payment methods. However, if the broker is only pushing you to make a crypto deposit, cancel the account immediately! Crypto transactions are virtually untraceable and nonrefundable! 

As per fees, there’s nothing on the website. 

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

If you have been a victim of Buffets Finance scam, don’t be ashamed. Unfortunately, this ungrateful experience happened to too many people across the globe, and you are not the only one. 

Our team is well-experienced, and it can help with this delicate issue. Book your free consultation today and let’s start the chargeback procedure.

What Is Buffets Finance?

This unlicensed broker claims to be based in Australia and owned by INVEST PTY LTD, the company that was canceled in 2016.

Is Buffets Finance a Scam Broker?

Yes, the company is a scam. It has no regulations, yet they claim it has ASIC license.

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

The company is not operating in the US but working with clients from the UK. 

Does Buffets Finance Offer a Demo Account?

The brokerage doesn’t offer a Demo account, but only live types.

To truly develop your trading skills and improve your profits, you need a service provider that equips you with the needed tools and knowledge. 

Contrary to their claims about providing all of this and much more, this broker has nothing to bestow upon you except financial ruin. For additional details and information about regulatory action against this firm, read our Inside Invest review.

Non-Existent Entity

Corporate data is important to check before choosing one online financial service provider or the other. In this case, we didn’t have much luck discovering where the Inside Invest broker is registered.

It remains to be seen where this entity actually operates from. Their web presentation doesn’t feature any addresses or phone numbers. Therefore, it isn’t possible to determine the exact location or legal registration of this firm.

Signs of Law Infringement

Due to strict regulatory directives, broker-dealers in the EU are obligated to provide fund safety, segregated bank accounts, negative balance insurance, and compensation plans. 

We remind you of this because the site claims that the laws of Poland have exclusive jurisdiction to settle disputes between the firm and the client. This is the information we found in their legal documents. However, the brokerage firm can’t be found in the KNF register of regulated entities.

So, is Inside Invest legit? Definitely not. The business is already known to be fraudulent because FCA, AMF, AFM, and IOSCO have posted warnings against these crooks.

Reviews Are Not Good

If you’re still pondering whether to trust this scheme or not, please consider taking a look at the honest Inside Invest reviews posted on Trustpilot and Reviews.io. Traders who were unlucky enough to trade on this fraudulent portal are complaining about their funds being stolen and their support inquiries ignored. 

Before they even decide to put money into this sham, individuals are being pestered for months, which is just another boiler room strategy we will further discuss.

EU Traders Preferred Targets

The website we’re reviewing is relatively recently registered, as it’s only been about a year since it went live in February 2024. When you look at the list of countries with the highest number of complaints, you will understand why the aforementioned regulatory bodies had to react:

• France
• Italy
• Netherlands
• United Kingdom

As user reviews suggest, traders should be cautious of offers that come from anonymous yet alleged financial experts who promote this platform. Their main arguments for you to give them money are unrealistic returns and lucrative trading conditions. If you’ve been subject to this kind of pressure and deceit, make sure you contact our legal support.

Accounts and Technology

You’d probably expect much more from a company that claims to continually refine their service in order to best tend to their clients. Don’t be surprised, however, to only find basic and barely functional features and tools available.

For instance, the Inside Invest app is just an already well-known web trader that is usually present on unscrupulous investment sites. This easily manipulated trader is not equipped with any advanced features.

Furthermore, trading accounts demand verification and cost too much for the poor service they offer:

• Starter – $250
• Standard – $500
• Classic – $1,000
• Advanced – $10,000

Trading Terms – Nothing Alluring

Out of all the Inside Invest trading conditions advertised on the site, we’d first like to mention the leverage. Capped at 1:200, this ratio is not only extremely risky but also banned in the majority of well-regulated areas.

Sadly, no other trading parameters are defined. Besides false advertising, exact numbers are not given anywhere. You won’t be able to find out what the spreads are or any of the other fees and commissions charged. These levels of lack of transparency are absolutely alarming!

Withdrawal Instructions

Unclear payment terms are always characteristic of this type of institution, including Sv3 trading, which we’ve reviewed before. Despite claiming to provide various funding methods, clients can only deposit cash using cryptocurrencies (BTC, ETH, USDC, USDT).

The Inside Invest withdrawal is said to take between 7 and 10 business days to process and complete. With undefined fees, however, and potential trading volume requirements imposed, you’re definitely in for a loss. 

Unreachable Support

In order to find out more about withdrawals and other crucial questions, we felt free to contact customer support. The only way to reach out to the support office is via email. As expected, no one replied to our query. It seems that the company doesn’t even answer emails unless they’re automated, like in the case of registration. 

Quite unimpressive, especially compared to how much effort and time reputable powerhouses offer to keep in touch with their clients.

Don’t Trust This Broker Agent!

Notorious cyber criminals like this one, and SafeCrown, for instance, have been blacklisted by financial authorities multiple times. Despite that, they shamelessly continue to rob decent retail traders. At that, their boiler room operators seem to endlessly pressure unsuspecting victims into depositing in their investment programme.

That’s why we’re here. For anyone who has suffered financial loss due to poorly regulated platforms and unlawful brokers, our chargeback team has a solution. To book your free consultation, contact our chat agents and find out more about how to start a recovery process today.

FAQ

Who Owns Inside Invest?

It remains unknown who has founded the scheme and who operates it. It is, therefore, wise to avoid this site altogether.

How to Withdraw Cash From Inside Invest?

The payments page shows only cryptocurrencies as an available transfer method. Since this is too risky, you should contact our legal support for help and advice.

In this Greendax review, we will be investigating a brokerage platform that already displays all of the common scam signs. First off, the firm isn’t regulated in the area it claims to operate from. Secondly, they engage with review-selling networks to increase their ratings. 

Finally, there are plenty of regulatory warnings to clear any doubt you might have had about this dubious firm. Let’s get started.

 Fully Anonymous Conduct

Besides a false Hong Kong address posted on its site, the Greendax trading firm reveals no other details about its incorporation. Popular Forex dealers are transparent about their company information, their contacts, and ownership details. That apparently doesn’t apply to this questionable entity. 

Lack of transparency is never a good sign. Often, you’ll find these illicit businesses claiming to be registered but without providing any valid proof of such claims. FinOpta is another one of those firms that you should stay away from.

Warnings and Alerts

Due to their statements about Hong Kong registration, we checked the SFC database of regulated Forex providers and found no company under the name of Greendax Limited. When we started searching through other registers of licensed entities, we found something far more concerning. 

You see, this shady portal was blacklisted by more than a few financial authorities, mainly in the EU. These include CNMV, IOSCO, ATVP, AFM, AMF, FSMA and FI.The other domain (greendax.com) was also blacklisted by AMF (Quebec) and CSA.

Online financial services providers without a certificate aren’t able to provide safety of funds, compensation options, and negative balance protection.

False Reviews Exposed

The only place online where we found any Greendax reviews was Trustpilot. As soon as you open this page, you will notice site warnings about a number of fake reviews being removed. Due to this breach of guidelines, Trustpilot has prevented the option for any more ratings or reviews to be posted for this firm. 

That means that swindlers attempted to bring their reputation up by flooding the site with false comments and service evaluations. Con artists usually do this in order to leave a positive impression on their potential victims.

Victims – EU Investors

Entering fr.greendax.org into the ICANN lookup returns no results, but the first traces of the domain being active date to 2023. Greendax.com is older, having been created in 2019.

These areas generate the most traffic to the site:

• United Kingdom
• Belgium
• Canada
• Italy

These sorts of fraudulent platforms do not last long after they’ve been blacklisted. This is why we recommend starting the recovery procedure as soon as possible.

Contacting Support is Mandatory

Before we could investigate what this trading platform has to offer, we were redirected from the registration form to a blank page. The page urges potential clients to contact the support team in order to complete the process and become full-fledged clients.

If you manage to get past that step, you’ll be able to choose between one of these live trading account types, although we definitely do not recommend any:

• Beginner – 2,500 $
• Standard – 5,000 $
• Intermediate – 25,000 $
• Advanced – 50,000 $
• Integral – 100,000 $
• VIP – 250,000 $

All of these allegedly offer one-click trading options, support from account managers and other commonly advertised deceptions.

Bogus Trading Technology

The dependable, robust Greendax app should be able to meet the needs of any type of trader. That is at least what the website states. 

To no one’s surprise, we couldn’t locate the trading area or the platform at all. Our attempts to run the WebTrader were obstructed as we were asked to log in first. As aforementioned, we weren’t able to do so. This turn of events leaves us with nothing substantial to work with. It may as well be that this trading software doesn’t even exist.

Unsettling Amount of Fees

While it’s expected of a service provider to charge for their amenities, this fraudster takes the concept to an entirely new level. Legal documents mention several types of fees. These include the administrative fee, the maintenance charges, and a separate inactivity tax of 1,000$ after 90 days of account idleness.

A special group of costs makes the payout and other transaction costs that are not even defined, only briefly mentioned in the legal docs. Furthermore, all trading terms are hidden and not even remotely outlined. 

Unknown Transfer Methods

Deposits are a mandatory condition for the client to be able even to start trading. These can be made via credit cards, as the legal papers suggest.

However, absolutely nothing is said about the Greendax withdrawal. Besides mysterious taxes pertaining to transactions, we didn’t manage to dig up anything else related to this crucial aspect of trading. As if payouts were the least important thing in the whole wide world, these crooks don’t even make a mention of it. It is clear that these blacklisted cyber criminals don’t intend to allow a single withdrawal to happen.

Fake Help Phone Line

We did not expect the help desk to work, so we weren’t surprised in the slightest when nobody answered our inquiry. Methods that the clients can use to contact the company are phone number, email and contact form.

The phone number provided on the site seems to be from Hong Kong. It’s important to note, however, that these professional con artists are likely using a spoofer that lets them use any available number at will. As expected, nobody answered our email messages.

Scammers Took Your Cash? Call Our Experts!

Is Greendax legit? No, it is a forex trading scheme that has been going on for several years now. Lately, however, it has become the subject of numerous regulatory warnings.

Online charlatans think that they are protected by anonymity, but they are very wrong. With the help of our specialist investigators, we can track down the transactions and recover the lost money. You may contact us by means of the live chat we’ve provided on our site. 

FAQ

Is Greendax a Legit Forex Broker?

No, it is an anonymous online scam site! It is an unregulated firm operated by unknown individuals, and the site exists only to steal your money!

Is Recovery Of the Lost Money Possible?

Yes, it is possible to recover the funds. Contact our experts via the live chat and book a free consultation to start a recovery procedure

If you try to find out more about this particular broker, you will face some obstacles. For a start, the company took its name after investment packages some of the biggest banks such as HSBC, BNP Paribas and Danske bank are offering. Therefore, you will find information about legit investing instead of checking out this offshore operation.

Read our FlexInvest review and get all the intel in one place.

FlexInvest Regulations and Security

FlexInvest didn’t list the owner behind the scenes but did say the governing law would be the law of Saint Vincent and the Grenadines. It showed us you’re dealing with an unregulated offshore broker. How can we be sure it’s unregulated? Easily. SVG doesn’t have a regulator. There’s an FSA that registers financial institutions and redirects them to opt for regulation in the country of service. As we couldn’t find FlexInvest with any Tier1 regulator, we know this brokerage has no license to provide financial services and operates illegally.

Beware of the FlexInvest scam and report any suspicious activity immediately.

Fund Withdrawal Issues

According to FlexInvest reviews, the broker is promising clients they will make $100 per day. It’s a typical scam of fraudsters with nothing to offer, so they need to scam clients and promise the impossible. However, even if you manage to make some profit, you will not withdraw it for sure. The company doesn’t allow withdrawals, they refuse to process any requests, and after delaying clients as much as possible, they simply block trading accounts and ban access to funds.

If you recognize yourself in our story, report the FlexInvest scam before it’s too late.

Traders About FlexInvest Scam

According to traders, they’re receiving calls from FlexInvest agents out of the blue and being promised assistance in recovering what they’ve lost with another company. However, once you’re hooked and start an account with FlexInvest, you won’t be able to withdraw any money. In the end, instead of recovering, you will end up in a much deeper minus than before.

Don’t fall for such stories, and always check the brokerage before making any investments.

So, please, avoid FlexInvest forex broker and similar brokers such as Global GT, Hive Markets and FiniVieX.

How Does Online Trading Scam Work?

Online trading scams start from agreeing to invest with an unregulated offshore company or, in general, any illicit brokerage. Whether you submitted your details via an ad, were approached on social media, or similar, you will be prompted to invest money. In the case of FlexInvest, you will be asked for $500 as a minimum deposit. In return, the company will promise you whatever you want to hear – $100 per day, recovering what you lost in the past, etc. All these things are false since you can never withdraw funds you invested with FlexInvest.

Be careful when choosing a brokerage and look for Tier1 regulated companies since you have insurance for the funds.

Scammed by FlexInvest?

If you were scammed by FlexInvest or any similar bogus broker, let us know. Our support will book a free consultation for you to get all the information related to the chargeback process.

But what is a chargeback?

It’s a way for your bank to reverse the transaction. For this to happen, you need to prove that you have been scammed. That’s why leaving the case to professionals is the best option. Tell us your story via online chat, and let’s get your money back!

What is FlexInvest?

FlexInvest is an online trading brokerage without any kind of financial regulation.

Is FlexInvest a scam?

Yes, this is a scam brokerage without any regulation for providing financial services.

Is FlexInvest regulated?

No, FlexInvest is not regulated by any authority body and provides financial services illegally.

What Deposit Methods Does FlexInvest Accept?

Broker accepts deposits via debit/credit cards and wire transfers.

Coinzit is a completely anonymous website. The website traffic is so low, it doesn’t even have a statistic that shows a visitor count. This is quite bizarre, considering that the company claims to be established 6 years ago. The overall design is very poor, with graphics stolen from another cryptocurrency exchange. Furthermore, you can’t help but chuckle when you say the name of the company out loud.

Coinzit, however, is more dangerous than that annoying pimple on your face by a few orders of magnitude. Learn more about this online scam in our Coinzit Review.

No Regulation And Fake Certificates

While Coinzit shows many different certificates coming from the State of Colorado secretary’s office, the company has no connection to the US at all. Even if it were in some way certified by the secretary’s office, this branch of the government doesn’t regulate financial markets in any way.

A quick search of the NFA register shows us that the website operator, Coinzit Global digital assets Co. is not authorized or licensed in the US.

Another false claim pertains to the company being established in Singapore. In this case, one Hendrik William Offenberg is stated as a company CEO. While we could not verify if this individual is in any way connected to Coinzit, we do know that Coinzit is not registered or licensed by MAS either.

Additional investigation has shown us that www.coinzit.com domain is operated from Taiwan, but Coinzit does not show in the MOEA register.

After inquiring with FCA, FINMA, FSCA, AMF, CONSOB, CBR and ASIC we found out that Coinzit is not entered in any regulator database at all. It is our final opinion, then, that Coinzit is an unauthorized entity operating with no regulatory supervision. This makes them a dangerous, fraudulent entity that is likely to steal your money.

Coinzit Clients’ Opinions

Finding any client testimonials about Coinzit was a difficult task, since the company is completely anonymous. We did persist in our efforts, and here is what the people say about their experience:

“ Zero stars. Take your money and guide you through trading only to get near the end and then give you a misleading instruction so you loose it all! Total scam! Stay Away! Far far away! “

“ They won’t allow to withdraw funds, after promising making profits with investing guidance by some “analyst”. Definately a SCAM. “

“ I was working with an agent who wanted 30% of my profit – then I find out they won’t let me withdraw until I pay the 30% so I pay the 30% now coinzit says I need to pay another 30% as it’s a big withdrawal total scam “

Where Does Coinzit Scam Find Their Victims?

Coinzit tries to push the idea that their company was founded in 2017. Although their domain was in fact created in 2018, it was only a placeholder site for hosting services for a long time.

We were able to date the last website lease advert to 2022, so the company must be younger than that. This is the target demographic of the Coinzit scam:

• United States
• United Kingdom
• Poland

It wasn’t just the website that the people behind Coinzit bought. They also own a social network profile on X. Although the follower count is very low, you don’t need followers to pester people to invest with your fraud.

This is exactly what the Coinzit boiler room agents do. They hang around social networks, looking for people to invest with their crooked platform. If they can’t find people online, they turn to dialing phone numbers and using Telegram messaging service.

If you’ve had a run-in with anybody claiming to be an employee of Coinzit, break communication immediately. In the case you’ve already deposited with this firm, contact our recovery experts as soon as possible to see how you can chargeback your assets.

Expensive Hidden Fees

One of the hallmarks of every scam company like Coinzit or GoldenrodFX is the lack of any information. Coinzit.com website doesn’t contain anything about different fees, except the fact that they do exist.

Beware of any company that doesn’t publicly present their costs. They commonly invent various hidden fees and ask for more money up front, only to pull the rug under your feet in the end!

General Trading Features On Coinzit

No matter how little you expect from Coinzit, they still manage to disappoint you. Their website is an utter mess, like the one operated by CFDglobe fraud.

Besides the usual dead links that lead to nowhere you will also be greeted by non-functional trading applications. You won’t even be able to create a Coinzit Login, because of how broken javascript is on coinzit.com.

Trading Platform Does Not Work

Unfortunately, we were unable to gain access to the Coinzit trading application. Not only were we unable to create a Coinzit Login, the application itself doesn’t function.

One of the key features of trading on a cryptocurrency exchange is a well made trading application. The crypto market is very volatile and fluid, and you need software like cTrader, MT4 or MT5 to assure good quality of service.

Selection Of Trading Assets

The clients of Coinzit don’t have an actual ability to purchase or sell crypto coins on their platform. The platform allows trading other cryptocurrency related assets. Unfortunately, with the poor state of the website, we couldn’t examine these assets thoroughly.

Here is what Coinzit claims to offer:

• Cryptocurrency Pairs (BTC/USDT, ETH/USDT, EOS/USDT, BCH/USDT)

Dysfunctional Account Creation Form

When it comes to account types, we have only managed to draw a complete blank. Not only does the company not advertise any trading accounts, we were unable to create a working Coinzit Login either.

We suspect that creating a trading account may only be done through a boiler room agent. This puts clients in greater danger, as these agents’ job is to squeeze as much money from their mark as possible.

Unlisted Mobile App

Coinzit does offer a mobile trading app for both iOS and Android devices. This app is not listed with either Google Play or App Store, however.

We advise our readers to never install any software that is not listed or rated on their devices’ dedicated software platform. More often than not, these apps contain dangerous malware that can create a backdoor for hacking.

Problems With Coinzit Withdrawals

As you have seen with the client testimonials, Coinzit only allows withdrawals through the dedicated “account manager” employed by the company. In fact, their website doesn’t even advertise any withdrawal options.

If you have been defrauded by Coinzit, there are still ways to recover your assets. Contact our legal professionals through the live chat, and book your free consultation for more info.

Unresponsive Customer Support

The Coinzit customer support will link you directly to their Telegram chat room. It’s the same one their boiler room agents use to soften their newly found victims.

When you try to voice your concerns, they either ignore you, block you, or pester you to invest further funds. In the end, your issues will remain unsolved, and you will find yourself with even less money in your pocket.

What To Do To Recover Money From Coinzit Scam?

Coinzit is a completely unregulated cryptocurrency exchange. The company tries to fake credibility by posting nonsensical counterfeit certificates allegedly issued by the state of Colorado Secretary’s Office. Their website is dilapidated, and many of the important functions either don’t work, or don’t exist.

Losing money to an online fraud can put a strain on any household budget. Don’t worry, because there is a way to recover your money! Contact our experts via the live chat and book a free consultation today!

FAQ Section

What is Coinzit?

Coinzit is an illicit cryptocurrency exchange that operates without supervision from financial authorities.

Is Coinzit A Scam?

Yes, Coinzit is a cryptocurrency trading scam. If you have deposited assets with this unlicensed firm, contact our legal experts in order to start a chargeback.

Is Coinzit Regulated?

No, Coinzit is not regulated and does not have a license to provide the services they offer.

FXBTG is an illicit brokerage brand owned by the notorious FXBTG Financial Limited, originally registered in New Zealand in 2018. After a court appeal by the jurisdictional regulator – FMA, FXBTG has been deregistered.

In the meantime, quite a few financial authorities have blacklisted this broker dealer for operating in their jurisdictions without being properly licensed. What really went down and why things ended the way they did for this broker, is what our FXBTG review investigates.

Operating Illegally Since Day One

FXBTG Financial Limited was first registered in New Zealand. After a careful investigation, conducted by FMA, it was determined that the entire company was one man operating their computer somewhere in NZ. 

FXBTG was not providing financial services in the country, but were targeting other areas and traders, especially in South-East Asia, while misusing the NZ registration as a reputation boost.

Soon after the deregistration from the FSPR (NZ) database, several financial authorities have posted warnings on this firm operating without a license in their jurisdictions. This includes DFSA, FI, SFC, CBI, FINANSTILSYNET, CNMV and AFM.

Today, this broker operates out of SVG, and is only registered with SVGFSA, but is still unlicensed, considering that this regulator doesn’t supervise the brokerage activities.  

In conclusion, FXBTG is a dangerous entity targeting traders all across the world. The company doesn’t provide segregated bank accounts, negative balance protection or compensation funds. You are in no way protected when investing here!

Targeted Areas and Strategies Employed

FXBTG has stayed in the business over the course of 5 years because they do efficient advertising via social networks. The firm also engages a number of phone call spammers that sell these glorified services that do not perform so well in practice. 

However, that matters less. What is primarily the goal of all boiler room agents is to get your interest sparked and then you’ll just make one deposit after another.

Beware of all their plans and propositions that sound too good. Less than one in a million investors get so lucky. And you certainly won’t with a fraudulent brokerage that only aims to pocket all your capital. 

We’d like to warn investors from these countries to be particularly vigilant of the threat that FXBTG imposes:

• Malaysia
• Indonesia
• United States
• Norway

What Traders Think of FXBTG

If you’d like to get insight into what consumers and users think of a specific company, we always recommend going to their Trustpilot page, as we did for FXBTG.

Judging from the overall rating of 2.5 out of 5, it doesn’t seem like anyone is pleased by the FXBTG quality of service. Please read some of the most detailed testimonies posted by their ex customers and consider advising us if you have funds stuck with these scoundrels:

“Beware of the so-called free $3000 bonus campaign..! It ‘s all fake. Belive me as I was refused to get the commissions for lot placements that were required. The y changed their terms and conditions of the bonus without notice to their own policy and discretion when I tried to claim for the commissions I deserved for completing the lots requirements. FAKE $3000 campaign,,,! You will never be able to get the commissions…”

Trading Conditions and Suspicious Pricing

Opening a FXBTG account is relatively cheap – it takes only a deposit of $100 to complete registration of the cheapest live account type. However, nothing this broker sells is anyhow lucrative. Firstly, the trading conditions here are extremely risky, and the trading parameters scream scam. 

The maximum achievable leverage is 1:400, which easily has your trades end in loss. What’s more attractive are the fake spreads that start from 0.0 pips on EUR/USD. This is complete disinformation, considering that the fees page shows the starting EUR/USD spreads are set at insane 9 pips!

Bonuses

FXBTG offers a variety of bonuses. The plan behind them is to attract victims and then use malicious bonus clauses to prevent investors from withdrawing. In that sense, the broker offers:

• Deposit Bonus of 50%
• Starter Bonus of $50
• $100 Bonus on your birthday
• Cash rewards on number of lots traded

Defunct Trading Tools 

At first, the FXBTG offer seems great and beyond profitable. The trading platform offered is MT4 and there’s a number of tradable asset groups and accounts to choose from. 

However, the truth is far uglier. MT4 is downloaded directly from MetaQuotes site, which means the broker doesn’t have their own trading server. Another option is their proprietary app in Chinese only. Furthermore, all accounts apart from the starter package are insanely expensive and completely not worth it! RealFXPro is another SVG broker with trading features useful to no one.

MT4 and FXBTG App

Providing MT4 is always a plus for the broker dealer. The downside in this case is that you can only download this software from the developers own store. FXBTG itself doesn’t have their proprietary trading server up and running. 

There’s also a possibility to download the FXBTG app, which is in Chinese only, so English-speaking users can find zero use in it.

Financial Instruments Provided

When the platform fails to deliver, the rest of the services and features cease to matter. FXBTG still claims to offer over 10,000 products for trading. They’re divided into the following groups:

• Forex (EUR/USD, EUR/GBP, USD/AUD, USD/JPY)
• CFDs on Metals (Silver, Gold, Platinum)
• CFDs on Futures (Crude Oil Futures, Natural Gas Futures)
• CFDs on Indices (AUS200, EU50, FRA40, GER30, HK50)
• CFDs on Commodities (Cocoa, Coffee, Cotton, Sugar)
• Crypto (BTC, ETH, LTC, XRP)

Several Account Types

The promising FXBTG packages demand quite the price to be paid in order to buy and then use them. Besides the initial deposit requirement, which is the account price, the minimum deposits every time you want to refill your balance also have a minimum sum.

The worst part is that none of these accounts doesn’t provide any magnificent features. Even the advertised ones are questionable, considering a fake broker is vouching for them. 

These are the prices:

• Mini Account – $100
• STD Account – $2,000
• VIP Account – $5,000
• PRO Account – $20,000
• Trader Account – $5,000

Demo Account

Seeing that trial trading was an option, we decided to try and open a Demo account. However, FXBTG for some reason demands that you go through KYC procedure and also share your payment info. This is a condition to account opening even if you choose to trade on Demo! There’s no reason for you to share your sensitive information with an unscrupulous website with a reputation as bad as FXBTG has.

Withdrawal Issues 

Dealing with fraudulent brokers is always risky and never recommended. The biggest issue all FXBTG victims have faced are the payout obstacles. As it appears, FXBTG is prone to asking for withdrawal fees to be paid up front while giving no guarantee that they’ll allow withdrawals at some point. 

Also, the horrible bonus clauses that not many rookies pay attention to can also do significant damage to your ability to cash out profits. Beware of companies that promise a lot – they give nothing in actuality. Just like Roldex Pro, FXBTG uses lies and deception to acquire profit.

Attempting Contact is Futile

FXBTG at first seems open to customer complaints and very dedicated to respond to all the potential inquiries. That is, only in the advertisements. While attempting to contact the customer’s support, emails remain ignored and phone calls unanswered. Besides these useless communication channels, the online chat support is only in Chinese and it’s not an agent you’re connected to, but an automated chat bot.

Contact Us For Help

Finding yourself trying to get your deposit back from FXBTG is not a pleasant situation. However, there’s a way to fight these notorious criminals. Besides contacting the authorities to take legal action and prosecute them, you can also contact our legal support team to help you restore your investment. 

The best way to get in touch quickly is by using our Online Chat feature. And do not forget – your first consultation is completely free of charge!

FAQ Section

What is FXBTG?

FXBTG is a fraudulent broker from SVG that was previously registered in New Zealand.

Is FXBTG Legit or Scam?

This broker is a complete scam, as it was confirmed by multiple financial authorities all over the world. Please contact us for help if you have troubles withdrawing funds from this site.

Where Is FXBTG Located?

The company is now located in Saint Vincent and the Grenadines, but was originally registered in New Zealand until FMA asked for them to be deregistered because of the abuse of their registration.

Sometimes, it’s difficult not to judge a book by its cover, especially when it comes to the website of this so-called broker. It’s so poorly done that large portions of the few pages it has either fail to load or break down when used.

What makes the whole operation so dangerous is not the ramshackle facade but the people working behind it. Follow our ABN Markets review as we unravel the workings of online fraud.

Who Owns This Broker?

The company that owns the ABN Markets broker is registered in two separate nations. The headquarters are said to be situated in Montenegro, with the firm called ABN Markets Pty D.O.O. Budva. Looking into the CRPS register, we can indeed see a company under that name with the matching address. The company’s founder is one Bahadir Uyaroglu, who owns 100% of the shares, with founding capital being marked as “foreign.”

Foreign from where we hear you ask. Well, there’s another address marked on the site – one in Bulgaria. Searching the official Bulgarian company registry online is not yet possible, but using a third-party site, we found no matching name in the database. The provided address shows a residential building.

Unlicensed Forex Service

Finding out where the company is from was a convoluted affair with no conclusive results. Investigating the regulatory information, though, was quite easy. The main financial regulator of Montenegro is an agency called SCMN. Although not considered a particularly strict regulator, they still list licensed entities on their website, and ABN Markets Forex broker is not one of them.

Bulgarian FSC, although not considered a Tier-1 regulator, still subscribes to the EU MiFID II system. This means that implementing leverage restrictions of 1:30, compensation funds, and full financial transparency is mandatory. The only problem here is – the firm is not in the FSC database either!

We’ve reviewed this company before. The difference now is that thanks to the recent FCA warning, its status as a fraudulent entity is as solid as granite.

Scamming For Years

The fraudsters operated two separate web domains. The older “brother” is abnmarkets.com, dating back to 2021, with abnmarkets.net created in 2022.

Victims of the online hoax are mostly citizens of these countries:

• Germany
• Netherlands
• United Kingdom
• Australia
• Canada

Neither of the sites generates much traffic. The only external link that leads to them is a single Facebook page, but this does not impact the con scheme significantly. After all, the majority of these operations, including MoneraCap, work as scam call centers.

Completely Nonfunctional Amenities

Reviewing any ABN Markets login accounts and applications is an impossible task. There are two sites, each with a page dedicated to creating a live account and a demo account, and none of them work.

The main websites are barely holding together as it is, and are chock full of dead links. The only place where you can find info about accounts is on the homepage, and this is what is shown:

• Seamless Trading
• Empowered Trading

Nothing is mentioned about how much this costs or which pricing model they use. Both have the same basic characteristics, which are just listed in a different order.

As for the ABN Markets app, the story is pretty much the same with only a passing mention of a “wave mobile app”. There are so many programs on Google Play and AppStore sharing the same name. It’s like finding a needle in a haystack. Either way, the software would be useless without the trading account, so we gave up.

Nonsensical Trading Parameters

Have you ever heard of the term “Promption”? No? Well, neither did we, but it apparently means ABN Markets trading instruments. There is a drop-down menu listing several of the most popular groups:

• Forex
• Cryptocurrencies
• Commodities
• Metals
• Indices

Clicking on any button in the menu leads to either a 404 page or a page that states the company’s mission.

As for the overall trading terms and costs, no information is available at all. Leverage is “powerful”, spreads are “as low as 1” and “from 2”, commissions are from “3” and as low as “4”. The swindlers claim this to be in order to optimize trading performance and profitability. Now, that is as low as 1 in our books!

Doesn’t Allow Payouts

Sadly, there is nothing concerning any payouts on the ABN Markets scam portal. There is no dedicated withdrawal policy page, nor is there a Terms and Conditions document to speak of. Withdrawals only get a passing mention here. They are described as being swift and convenient, but we seriously doubt this claim. There’s supposed to be an FAQ page that should have more information on the topic. The problem is, you’ve probably guessed by now – it doesn’t exist.

Payout policy or not, cybercriminals won’t consider the documentation legally binding in any way. Take FinUp as an example, which does have a detailed Terms document, but never addresses details about payouts.

Blacklisted Phone Number

The help desk is another thing that isn’t present on the site. Clients can allegedly contact the company by phone or send a message through a contact form.

The phone line is listed on the FCA website as belonging to a con scheme, so we strongly advise against using it.

What You Can Do To Recover Lost Money

This online trading sham has been operating for a few years now, and the number of victims has only been rising. Although the silver-tongued thieves will make you believe you’re earning money. However, you won’t be able to withdraw a cent of your alleged profits.

However, customer support does not need to solve the problems with ABN Markets’ withdrawal. Our team of experts is on hand to help you recover funds by legal means. You may reach us by using the live chat available around the clock for your convenience.

FAQ

Who Owns The ABN Markets Broker?

The company is registered in Montenegro, with the owner listed as Bahadir Uyaroglu. Personal information on this individual is available on demand from CRPS.

Is Recovery Of Stolen Money Possible?

In a large number of instances, recovery is possible. To learn more on how to get your money back, contact our legal experts by using the live chat.

Where do we start with this con artist. How about the fact that there’s a fake license number chilling on the website? Or the lie about the owner? The shady trading platform isn’t any better. With all that in mind, we now present to you the Titan CFD Review and the truth about this scam.

Additionally, we strongly advise you to avoid the fraudulent brokers Wilton Option, Axe Market, and BE22.

Is Titan CFD a Scam Broker?

Absolutely positively. To prove this, all we have to do is expose the lies behind the tiny discrepancies found at the bottom of the website. Namely, Titan CFD claims to be the brand name of Vie Finance Ltd, regulated by HBMC. A hoax! We found this company, it’s from Greece and operates under the jurisdiction of HCMC, license number 4/792.

And Titan CFD claims to have an address in Estonia. What a bunch of lies. This unscrupulous broker is anonymous and unlicensed.

Titan CFD is an unregulated and fraudulent broker that offers CFD and Forex trading. The scammer says it operates from Estonia and targets traders from the United Kingdom, Italy, Belgium and France.

Why It Is Better Not to Choose An Unlicensed Broker

Safety and security come first. If you trust a licensed broker, you can benefit from numerous regulatory measures introduced to make trading fair and safe.

We’re talking about leverage restriction, negative balance protection, indemnification and segregation of funds. Those are some of the demands required by top European regulators such as the FCA, BaFin, CONSOB, CySEC, etc.

Warning From CONSOB

This is the end of the road for Titan CFD. The financial swindler was caught in its wrongdoing by the stern Italian regulator – CONSOB and the Estonian Finantsinspektsioon. The authorities put the broker on their long blacklist. Therefore, Titan CFD is dead in our eyes.

What Platforms Does Titan CFD Offer? – Available Trade Software

Upon entering the shady website, we saw the fraudster wrote “fully-regulated online trading platform” and immediately rolled our eyes. We’ve already debunked the ‘regulated’ part but what about the actual platform?

Turns out, the broker blocked us from seeing it. Supposedly, there should have been a preview but the web page was broken and there weren’t any download links. Thus, we believe that there is no legit platform there besides a simple browser-based terminal.

Mobile Web Platform

Since it’s a web-based platform, it can be accessed via mobile phone too. However, mobile trading proved to be inferior to PC trading. Mainly due to smaller screen disadvantages. 

Nevertheless, it could be good for quick adjustments but we don’t recommend you trade with Titan CFD.

Web Platform

As for the platform itself, it’s known as WebTrader. This simple terminal is easy to obtain and scammers love it. It makes them seem legit but the platform is actually pretty lackluster without advanced tools. 

Plus, unregulated brokers oftentimes manipulate these web-based platforms to create the illusion of trading while taking the money.

Titan CFD Range Investment Opportunities – Trading Instruments

When it comes to trading assets, Titan CFD, as the name suggests, is mainly engaged in CFDs. There are also Forex currency pairs available but there aren’t any crypto assets there. Here’s an overview of the instruments. Don’t let this neat list fool you, Titan is still illicit.

• Forex pairs – EUR/USD, AUD/CHF, GBP/JPY…
• Stocks – eBay, Pfizer, McDonald’s…
• Commodities – crude oil, copper, aluminum, wheat…
• Indices – IBEX35, WIG20, DOW30…
• ETFs – iShares iBoxx & QQQ.

Titan CFD Fraud Risk Zones – Service Countries

It is also our duty to know where this fraudulent broker conducts its foul scheme. After doing some research, we made a list of countries:

• Italy;
• France;
• Belgium;
• The UK.

Titan CFD contradicts itself pretty hard on the website. First, it says it doesn’t accept UK clients but then posts fees for them.

On similarweb.com, we found that the scam broker’s website was visited 1.1 million times in October 2022. Titan CFD was most active in Italy, but luckily, CONSOB reacted.

What is more, we strongly advise you not to invest in TIQ FX, RaiseFX and MorganFinance fraudulent brokers.

Titan CFD Accounts Overview

The illicit broker offers a total of nine different account types:

• Basic – 200 $;
• Discovery – 2,000 $;
• Silver – 5,000 $;
• Gold – 10,000 $;
• Diamond – 15,000 $;
• VIP – 30,000 $;
• Prestige – 50,000 $;
• Superior – 75,000 $;
• Infinity – 100,000 $.

Titan CFD made a pretty confusing and misleading table so we didn’t even bother to try to understand it. The prices were clear and that’s what we needed. As you can see, they’re outrageously high. The rest of the perks that each type bears were not disclosed.

Company Offers a Free Demo Account?

Not really. Titan CFD says it offers “initial 10 positions for educational purposes” you could use to “trade without fear of losing your money and get more familiar with our platform.” The whole thing is vague as hell. This isn’t a real demo account.

Titan CFD Terms and Conditions

As if this scam wasn’t abysmal already. We didn’t find the T&C section on the website. There’s only a Risk Disclaimer and that’s it. No T&C, no Privacy Policy, AML & KYL. Without legal documentation, Titan CFD cannot be considered legit.

Scammed by Titan CFD Broker? – Allow Us to Hear Your Story

If you’ve been tricked by Titan CFD, don’t despair. We know it’s frustrating but there are ways of getting a refund.

Since the shady broker takes payments via credit cards and bank transfers, you can request either a chargeback or a recall, depending on the way you deposited funds. We can help you there.

What Is the Chargeback Procedure?

A chargeback is used to reverse credit/debit card transactions. It applies to MasterCard and Visa cards and is performed by the issuing bank if you request it within 540 days. 

However, if you’ve provided the scammer with personal documents such as your ID card or passport, the chargeback will fail.

As for wire transfers, you have to request a recall. This process will reverse the transaction but only if it hasn’t gone through yet. Therefore, rush to the bank at once!

If you need help with chargebacks, book a free consultation with our chargeback specialists who will help you to regain your money.

What Is Titan CFD?

Titan CFD is an anonymous and fraudulent broker that claims to offer Forex and CFD trading.

Is Titan CFD a Scam Broker?

Yes. The broker lied about being based in Estonia and provided a fake license number. Titan CFD has been blacklisted.

Is Titan CFD Available in the United States or the UK?

We don’t know about the United States but we did find that the scammer targets UK traders despite claiming it doesn’t provide services there.

Does Titan CFD Offer a Demo Account?

No. There’s no free demo account anywhere on the website.