NFL Markets Dubai-based broker might look legitimate at first glance. With fully transparent addresses and contact details, it appears they are not hiding anything. On top of that, they are partners with regulated broker BDSwiss.

But to see if that’s good or bad, we recommend you read this NFL Markets Review carefully. Indeed, not every regulated broker can be trusted. Let’s find out why.

Legal Info: Is NFL Markets Legit Or A Scam?

The first thing you can see is that the company claims to have been in business since 2011. Yet, their domain was registered in November 2022. On top of that, they allegedly have thousands of clients and over $1 trillion in crypto transactions. But who would trust that much money to an unregulated broker? Nobody with a common sense.

In the first place, the NFL Markets broker doesn’t have any licenses. Starting with domestic DFSA (Dubai) and top-notch ones like FCA, BaFin or ASIC. Another issue is that the company’s partner, BDSwiss, has numerous issues with regulators. There are multiple warnings connected to the BDSwiss group, starting with BaFin, BCSC, and FCA.

Who Are NFL Markets’s Victims?

Sadly, there are thousands of clients, and zero NFL Markets reviews. Isn’t that strange? In any case, website analytics show us where most of their traffic (i.e., victims) comes from: 

• United States
• India
• Belgium
• United Kingdom
• Canada

So if this firm ever contacted you, be wise and don’t fall under pressure. Yet, if you have money stuck with this broker, contact us as soon as possible for chargeback advice.

Investment Costs With NFL Markets

Generally speaking, some trading conditions with this broker might look attractive, such as leverage of up to 1:1000. Thus, without negative balance protection, that’s the worst thing you can get. 

On the positive side, the company offers average spreads of 1.5 pips. But if you get those, you can consider yourself lucky. While the commission is not included in any of NFL Markets account types, fees are not disclosed.

Bonuses

Since the company’s T&Cs are not available, it’s hard to check if any bonus offers are possible. Usually, such offers include shady clauses. To see how to recognize those traps, read our Gammaron review.

NFL Markets Trading Features

As something positive about this broker, we can find Trading Central’s availability and autochartist features. In addition to that, the company is using highly trusted trading platforms. Yet, with their lies about the registration date and potential number of clients, it’s hard to trust these.

Trading Platforms Available

The platforms traders can use with this firm are Meta Trader 4 & 5. Both options include numerous advanced features, charting options, customization features, and fast executions. 

Yet, if you wait a bit with a deposit, you will realize that a trusted platform doesn’t define a broker as a trusted one.

Available Trading Assets

Trading instruments can play an important role for traders. Yet, if the broker won’t allow you to get your profits out, instruments go in the second plan. In any case, the options are: 

• Forex – USD/JPY, CAD/EUR
• Indices – DAX30, CAC40
• Commodities – crude oil, gold
• Shares – Microsoft, Google
• Cryptos – ETH, XRM

Account Types

As can be seen, NFL Markets deposit requirements are reasonably low at $100. Either for Classic or Premium accounts with slight differences. But also, there’s a VIP account with a $3.000 deposit requirement. Thus, the only difference is a lower starting spread. Yet, not guaranteed one.

Mobile Trading App

On the positive side, the Meta Trader bundle includes iOS and Android apps as well. Therefore, you can enjoy a maximum of features wherever you are. 

However, there are firms like BitMart that have trusted apps but also shady businesses. Therefore, think wisely.

Demo Account

Before you even think of depositing money with an NFL Markets scam broker, you might reconsider a demo account first. Thus, to get advertised free demo access, you have to complete a full registration. This means leaving contact details with a scam broker.

Education

According to the company’s presentation, traders can get access to the trading academy and live webinars. Thus, without regulation, customers might wonder how reliable it is. Will it teach you how to throw money away into scammers’ hands or how to invest wisely?

NFL Markets Withdrawal

As can be seen, all withdrawals are processed through the partnered company BDSwiss. To remind you, one with multiple warnings. Also, all fees and commissions depend on them.

Even though the processing time is claimed to be within 24 hours, all of that is highly speculative. Therefore, watch out for the oldest tricks in the book, such as verification problems, AML laws, and unclear fees.

Customer Support

Even though contact details are fully transparent, it’s a question if those are reliable. Since none of the thousands of clients left a review about this “trusted” firm, you should wait a bit with depositing.

In any case, if you register, you can expect support availability only five days a week. On the positive side, they provide phone lines and e-mail as contact options.

Key Information To Consider About NFL Markets

Primarily, the company is not licensed by any trusted regulator. Secondly, the company is connected to a firm that has multiple issues with regulators. All in all, zero reasons to throw your money away with them. Instead, you should opt for Tier 1 licensed firms and avoid any trouble.

However, getting scammed can happen to anyone. And it’s not the worst thing in the world. At least if you know what to do next. Sometimes, it’s as easy as filing a chargeback. Thus, for any form of refund, we suggest you talk to our experts and get professional guidance. Book your free first consultation today!

FAQ Section

What is NFL Markets?

NFL Markets is a Dubai-based Forex and CFD trading firm with an alleged presence in the markets since 2004.

Is NFL Markets a Legit Broker?

Definitely not. The company is misleading traders to believe they are legit. On top of that, they are not regulated.

What is a Chargeback?

When a cardholder disputes a charge on their account, their bank reverses the debit or credit card transaction. This process is known as a chargeback.

Capitality broker claims to be based in Switzerland but fails to provide us with the FINMA license number. And this is just the first of many red flags. Since we received numerous complaints, we decided to check the business and confirm if your funds are safe.

Read our thorough Capitality review to find out everything.

In top of that, we seriously recommend you not to invest in the fake brokers Aiko Markets, OptiumGroup, and TheExchangeBank. Do not trade with these unlicensed brokers if you want to save your money!

Is Capitality a Trustworthy And Licensed Broker?

Capitality is a brand of Capitality FS International LLC. The company was stated to be a “Swiss financial institution registered with the Financial Services Authority of Saint Vincent and the Grenadines.”

This per se is enough for us to suspect the brokerage. First, Switzerland has quite a firm regulatory body, FINMA. It ensures that firms follow strict rules, limit their leverage, provide negative balance protection, and keep clients’ funds in segregated accounts.

On the other hand, we have FSA from SVG, the register of Forex firms, but not a regulator. Thus, even if Capitality has entered FSA commercial register, it would mean nothing in terms of license and business regulations. 

Reasons Not to Trust an Unlicensed Broker

As aforementioned, licensed brokers should follow the rules and have enough funds to reimburse potential victims. Offshore brokers, on the other hand, have no obligations whatsoever.

Assuming that the firm is in SVG would mean that it operates without any valid regulations. Simply put, it can vanish at any moment with your funds, and you will have nowhere to file a complaint.

How Reliable Is Capitality Broker?

Capitality is an offshore firm based in Saint Vincent and the Grenadines. As such, it doesn’t follow under any regulations. Negative reviews indicate that the firm cannot be trusted.

What Do Traders Think Of Capitality?

Capitality reviews highlight the main issues with the brokerage. The company is welcoming and supportive while customers are depositing their funds. Once they decide it is enough and request a payout, this firm freezes their access to money and trading accounts.

If this story sounds familiar, it’s time for you to file a complaint.

Capitality Offers a WebTrader and MT4 for Trading?

According to its website, Capitality offers two trading platforms – WebTrader and MT4. While web-based software is a simplified tool without any special features, MT4 brings all the benefits. Customers can access EAs and social trading and customize the platform according to their needs.

Normally, having MetaTrader would be terrific. Yet, in this case, the broker provides unregulated trading conditions, affecting the outcome of your trades.

Capitality App for IOS and Android Devices

The app enables trading from any iOS or Android-based device, whether a mobile phone or tablet. Allegedly, it contains interactive quotation charts, a full range of trading orders, and the most popular analytical tools. 

Since we cannot review the app without making an initial deposit, we cannot comment further.

Capitality Accounts Overview

In the FAQ section, Capitality mentions two account types:

• Partner account – 10,000 EUR
• VIP member account

The first is said to be available to any investor, bringing access to institutional market analysis and transparent trading execution. VIP member status has to be earned and approved by a senior upon assessment.

Capitality Broker – Countries Of Service

According to reviews, Capitality mainly targets residents of Switzerland and Australia. However, the firm has no license and operates offshore, meaning it can provide its services anywhere.

If you see any ads regarding Capitality Forex broker, you should skip them. This company won’t bring anything but a headache and concerns about your funds.

Security Methods Provided by Capitality

Allegedly, the firm takes all the measures to prevent theft and money laundering. They operate according to KYC/AML standards and protocols. However, we haven’t been able to find any measures that they actually apply or any protocols that they follow.

It’s all just a nice display show for inexperienced investors. Don’t fall for it.

Capitality Range of Trading Markets

The broker enables access to all 5 major markets, including:

• 30+ currency pairs – EUR/USD, CHF/PLN, GBP/TRY
• 30+ indices – SPX500, US30, EUR50
• 10+ commodities – WTI, corn, gold
• 50+ cryptocurrencies – DOT, DOGE, LTC
• 2,000+ shares – MSFT, AMZN, NVDA

Also remember the names of the Broker Capitals, ProsperityFX and Crypto Lloyds trading scams and avoid them at all costs! Moreover, always check the background of online trading companies before investing!

What Is Known About Capitality’s Trading Conditions?

Since we already elaborated on the broker’s regulation, it’s easy to understand why provided trading conditions are unregulated. For instance, the leverage exceeds the regulatory limit, swaps are relatively high, starting at $3. The spread is above the industry average as well. All in all, trading with Capitality won’t be cheap or favorable.

What Is the Broker’s Leverage and Spreads?

The company enables leverage of up to 1:500 for the Forex market. In the EU and UK, this limit is set to 1:30. In Canada and US, it’s slightly higher, standing at 1:50. Capitality puts your funds at ten times higher risk than any global regulator would allow. 

The spread starts at 2.3 pips for EUR/USD pairs, while the industry standard is 1.5 pips.

Capitality Minimum Deposit and Unfavorable Withdrawal Terms

Only in the FAQ can we find information about the minimum deposit and withdrawals. The company requires investors to start with at least 500 EUR, double the standard. 

As per withdrawal, the company insists clients provide Withdrawal Authorization Code from the partner card. It can easily mean that you need to give them your CVV code so that they can swipe your card and take more funds.

What Payment Method Does the Broker Accept?

The company accepts:

• Debit/credit cards
• Wire transfer
• SEPA
• UnionPay
• Bitcoin
• iDEAL

Scammed by Capitality Broker? – Let Us Hear Your Story

If you were scammed by Capitality or a similar bogus broker, let us know. Our chargeback experts may be able to assist you with the refund. Don’t let scammers keep your hard-earned money. Book a free consultation, and let’s put an end to it.

But What Is A Chargeback?

A chargeback is a way for the bank to recover funds stolen from your debit/credit card. Contact us right away to explain your case in detail. We will evaluate it and find the best recovery method. Act now.

What Is Capitality?

Capitality is an offshore trading brokerage pretending to be based in Switzerland.

Is Capitality a Scam Broker?

Capitality is a scheme broker that has added a fake Swiss address to its website.

Is Capitality Available in the United States or the UK?

The broker is available in the UK but doesn’t operate in the US.

Does Capitality Offer a Demo Account?

No, Capitality doesn’t offer a Demo account, only two Live account types.

While 24Funds may seem like an immense option with a friendly-looking website and solid trading conditions, it cannot be further than the truth. Read our 24Funds review to find out everything about this illicit offshore operation.

What About 24Funds Regulation?

24Funds is owned by Samiki Partners Ltd, a company registered in the Commonwealth of Dominica. Since this offshore country is not entirely known by firm regulations, we’ve checked whether 24Funds even obtained any license. As you can already guess, the answer is negative. There are no regulations, and any funds you invest with this shady trading firm are at risk.

When trading, ensure to find Tier1 regulated brokers since these companies have compensation funds and keep your money in segregated accounts.

In addition, we strongly advise you not to invest in FX Capital Group, Truexoption247 and Elcomercio24 fraudulent brokers.

24Funds Warnings From Financial Regulators

Based on numerous complaints, the Spanish regulator CNMV issued an official warning, stating that 24Funds is an unauthorized trading firm and has no permission to provide any kind of financial services.

Later, the same warning was republished by the Italian CONSOB…

…Also by the Belgian FSMA.

Finally, Slovenian A-TVP took the Spanish warning seriously and warned its citizens not to be involved with 24Funds.

Fund Withdrawal Issues With 24Funds Broker

With all the complaints and regulatory warnings, it’s not hard to guess that the biggest issue clients face is withdrawals. The broker doesn’t approve any withdrawal requests. In fact, it goes up to the point where clients’ accounts are being frozen and access suspended if they insist on getting their money back too much.  

Don’t let any fraudulent investment firm keep your money. Instead, file a report immediately and get it back.

Areas Of 24Funds Trading Scam

The broker is mainly active in Spain, the UK, Germany, and Canada, according to reviews. Furthermore, we’ve seen complaints from the Netherlands, Austria, Australia, and more. If you’ve had a negative experience with 24Funds brokerage, make sure to contact us immediately and tell us your story.

24Funds Web and Mobile Trading

The broker provides Web trader and MT5 platforms. Both are available for Android and iOS mobile devices through a dedicated app. However, since you’re looking for higher security, MT5 should always be a preferred option. As an MT4 successor, it has the largest number of trading charts and indicators while including EAs and social trading. With a Web trader, you’re less safe and have fewer options for comfortable investing.

Yet, we need to remind you that the broker is illegal, and any money you invest may easily disappear.

Traders About 24Funds Scam

Since the company is causing problems with withdrawals, as you can tell, most reviews are quite negative. Clients are expressing what they’re going through, how their initial deposit or the alleged profit has just disappeared once they have submitted withdrawal requests, and how they don’t have a solution for a problem.

If you’re one of the victims of the 24Funds scam, contact us right away.

How Does Online Trading Scam Work?

There are many different online trading scams – by regulated or unregulated brokers, offshore or based in reputable countries. What’s common for all is the fact that they will refuse to approve your withdrawal request once the time comes. You’ll simply be ignored, without a possibility to reach anyone at the company, since they’re not willing to deal with you once they have taken everything.

Sadly, this happens on a daily basis and the best thing to do is file a dispute for a chargeback.

Deposit Bonuses As A Scam Tactic

As you can see on the broker’s main page, 24Funds immediately gives a deposit bonus of up to 20%. You don’t know that this bonus implies that you cannot withdraw your profit until you reach 25 times the bonus plus the deposit amount. This means it can take months before you’ll be able to get your funds out. Also, the broker claims the right to keep any profits made with so-called non-deposited funds, so your profit may easily never be paid out and with a legitimate reason.

Also remember the names of the Investor500, 24trading and Forex48 trading scams and avoid them at all costs! Moreover, always check the background of online trading companies before investing!

Scammed by 24Funds? – Tell Us Your Story

If you were scammed by 24Funds, let us know. We may be able to assist you in filing a dispute for a chargeback before it’s too late.

But What Is A Chargeback?

This is a way for your bank to reverse the transaction if you have been scammed. Contact us via online chat and let us handle everything for more details. Book a free consultation and watch while professionals are helping you get your money back now.

What Is 24Funds?

24Funds is an online Forex and CFD trading provider without regulation.

Is 24Funds A Scam Broker?

24Funds has been blacklisted in Spain, Italy, Belgium, and Slovenia for scam activities.

Is 24Funds Regulated?

No, 24Funds is not regulated and operates without proper authorization.

Trendex broker claims to serve over 300 thousand clients with a volume of over $1,270 million. However, once we went in-depth and discovered some of the things are not precisely as the broker presents, we had to wonder what else in regards to Trendex is fake.

Read our Trendex review and find out all of the terms and conditions you will have with this brokerage.

Trendex Regulations and Security

Trendex is an online trading brokerage from Hong Kong, owned by TRND HLDS Limited. The company was established in 2019 and ever since has been conducting a scam. Why are we so confident?

Well, for a start, the company has no financial regulations. We’ve checked the HKMA register along with some Tier1 regulators such as FCA, ASIC, and BaFin and found nothing about Trendex regulation or even their existence. Therefore, we’ve marked this brokerage as a red flag you should pay attention to.

Trendex Warnings From Financial Regulators

Traders filed enough complaints against Trendex broker for it to end on several blacklists. The first one to publish an official warning was the UK FCA.

Afterwards, we got the same warning related to the Trendex scam by the Spanish CNMV.

As the last one, Belgium FSMA warned its citizens about Trendex brokerage and fraudulent activities.

Fund Withdrawal Issues

Since this brokerage is unregulated, and we couldn’t confirm where it’s actually based (practically, we have nothing, but the website claims it’s in Hong Kong), it was not surprising to learn about withdrawal issues. Clients are complaining they have been misled to believe upgrading their accounts will lead to higher earnings since the company offers the assistance of a professional account manager. It turns out that this account manager cares only about his commission and taking as much money as possible from clients, while actual managing is not on the list of their priorities. Beware of the Trendex scam.

Traders Opinion

Trendex reviews show us how bad the opinion investors have about the company. Everyone is complaining about withdrawals, bad trading platforms, and bad terms of service. Of course, the broker offers bonuses and never tells clients they will accept not to withdraw their funds along with bonuses. Only if you bother to read small letters in Terms & Conditions, you might see that you can’t withdraw your funds, but without further explanations. Suspicious, isn’t it?

 If you have any sort of withdrawal issues with Trendex, contact us immediately.

How Does Online Trading Scam Work?

Online trading scams have been highly popular ever since offshore countries and small places like Hong Kong opened their borders and accepted trading companies. In these countries, regulators don’t bother to verify who opened a company and why, making it easier to defraud clients.

Suppose you have invested 500 EUR with Trendex, made a profit, and want a payout. If the broker declines your withdrawal request, you have nobody to complain since Trendex is an unregulated scammer. Think well before opening a trading account and choose Tier1 regulated brokers since they oblige companies to form compensation funds.

Beware of the TRND HLDS Limited scam and similar brokers such as Nekstra, TNFX, and IQCent.

Scammed by Trendex?

If you were scammed by Trendex or any other illegal scheme, you should get your money back as soon as possible. File a dispute and request a chargeback.

But what is a chargeback?

A chargeback is a way for your bank to reverse the transaction in cases of scams. For further details, contact our support via online chat to book your free consultation. We will guide you through the entire process until you get your hard-earned money back!

What is Trendex?

Trendex is an online trading brokerage without regulation based in Hong Kong.

Is Trendex a scam?

Trendex has been marked as a scam by several regulators, including Italian CONSOB and Spanish CNMV.

Is Trendex regulated?

No, Trendex doesn’t have any sort of financial regulations and provides financial services illegally.

What started as a loosely regulated offshore exchange soon turned into a notorious crypto-stealing portal with multiple regulatory warnings. 

Read our Nominex review to find out how this dreadful scheme went down and why it is in the process of being shut down. Additionally, we will also discuss recovery options for all traders who have lost money on this shady portal.

Illicit Even Offshore

Even if the Nominex exchange was a legitimate entity at some point, it definitely hasn’t been since December 1, 2023. The jurisdictional regulator in the Seychelles – FSA has published a document on that date which said that this firm was struck off.

That means that the company hasn’t been legally operating since that very date. Even if they were a legally incorporated entity, the fact that they chose a loosely regulated offshore zone for their business also tells us a lot. Where strict regulatory supervision is lacking, illicit platforms can flourish because they aren’t obligated to provide the security measures outlined by strict regulators. 

Warnings Against Fraud

Anyone looking to invest in cryptocurrencies should first double-check their platform of choice. If, like ECXX,  they’re not able to provide proof of their legitimacy, no investment should be made on such sites. Security of funds is the primary condition for an exchange to be granted a license, and this firm displays none.

CNMV, FSMA, FI, IOSCO, and FSC have all investigated this portal and found that all of their activities and monetary transactions are illegal and untransparent. Therefore, it is better to altogether avoid them, and not trust any of their services. The site itself notifies all visitors that Nominex.io is undergoing a process of closure, which is for the best.

Areas of Activity and Fraudulent Strategies

Examining the price charts of the company’s proprietary token, NMX, we can reconstruct what has transpired. The graphs on CoinGecko and CoinMarketCap show the token had exactly one price spike.

NMX appreciated to $7.44 per unit during April 2021, after which it plummeted below $2 and never recovered. The current Nominex coin price is $0.004. This sort of market oscillation is indicative of a “Pump and Dump” scheme. In it, fraudsters manipulate the price of an asset through artificial scarcity. When demand is highest, they flood the market, taking advantage of a temporarily high cost. Victims are left with a worthless product with no one to sell it to.

To fuel the sales of their token, exchange owners created numerous social profiles on Facebook, X, LinkedIn, and YouTube. There, they hyped the product, alleging that the NMX token would “Moon Soon” to get more customers.

The exchange lingered for a while since its inception in 2017, attracting mostly investors from:

• Spain
• France
• Italy
• Australia

User Ratings Reveal the Truth

With the company offering service for so long, it has accrued a rather large number of reviews on popular sites. On the TrustPilot rating platform, the company has an average score of 3.1 stars.

Examining them, we can see that the reputation has been decreasing steadily over the years. Lately, it seems that only 1-star ratings have been posted. Many clients complain about being denied their legitimate withdrawal requests; others still talk about their assets being inexplicably frozen or the firm banning their accounts.

Trading Platforms and Accounts – Is the Offer Good?

With the Nominex crypto platform entering liquidation, it is currently impossible to create a new account. This, unfortunately, means that we were unable to test the trading app in full, since it requires a working login.

Still, there are a few remnants of what used to be the trading floor. In it, we can see that the app itself was a pretty basic WebTrader. 

It relies on imported TradingView charts and heatmaps to display market shifts. Advanced features like limit order and stop loss don’t seem to be supported.

Transactions through the Nominex DEX portal are done through a separate website feature, though. It’s nothing groundbreaking, being a simple form where you input the amount to sell and receive a calculated exchange price.

Spot & Futures Trading Fees

The fee structure isn’t all that well-defined unless you are already an owner of an account. However, what we know for sure is that there are a total of 8 tariffs that are activated based on the user’s trading volume. Depending on the tariff, spot trading Maker/Taker fees range from 0.10% / 0.10% to 0.02% / 0.04%.

When it comes to futures trading, there are commission, funding and insurance fees, with each being calculated through a different formula, but concrete numbers remain unknown.

Tricky Withdrawal Procedure

Now, as the majority of faux crypto exchanges do, this platform mainly promotes crypto deposits and withdrawals, although fiat transfers are also supported. With that being said, you can expect numerous issues arising from untransparent digital transactions. 

First of all, crypto transfers allow wallet owners to remain anonymous and protect their real identities. Being insufficiently licensed, this portal has already received backlash from users concerning various issues with blocked payouts and uninterested client support.

Support Is No Longer Supportive

In the state the platform is currently in, no prompt support methods remain available. This means no phone calls and no live chat.

Clients are left with only a single complaint email address. Unfortunately, many of the users complain that nobody bothers to respond to these emails, and they only get an automated message instead. 

Got Scammed Online? Contact Us For Help!

At one point in history, this exchange may have as well had good intentions and ideas to revolutionize the market. Right now, none of that matters, as it has left numerous clients in a state of panic, pending company shutdown.

If you have trouble getting your invested funds out of this exchange, reach out to our expert team. We are available around the clock and have ample experience dealing with fraudsters like EuroDex.

FAQ

Why Is Nominex Closing?

The company has faced regulatory action, and most likely, due to numerous complaints, they’ve decided to end their services

What Can I Do With Funds Stuck On Nominex?

We recommend you to immediately contact our recovery agents. We provide legal support and the first consultation is always free.

Solo FX trading firm claims to be your premier CFD trading hub. Yet, with their poor transparency and misleading information, you better avoid trusting them.

After all, what to expect from a company that doesn’t reveal any trading conditions? Fairly, only to get scammed. But to learn how to recognize those dangerous patterns, make sure to read this Solo FX review carefully.

Legal Info: Is Solo FX Legit Or A Scam?

Solo FX company claims to be operated by SVG-based Lodishken Limited with registration number 26128 BC 2021. With their operating address allegedly being in London, UK we are expected to believe they are legitimate. However, one little detail makes a huge difference. It’s the license number this trading firm is missing.

First of all, this firm is not regulated by UK’s FCA which is already a sign of a scam. Neither do they have any other top-tier licenses like BaFin, ASIC, CFTC, or similar. This simply means you can’t trust any security features the company advertises.

Who Are Solo FX’s Victims?

Quite often, you will see top-tier regulated countries on a hit of investment scams. That’s the case with this trading firm as well. It is quite sad to see that authorities can’t do much against them. So, if you come from the following countries watch out: 

• Australia
• United Kingdom
• Netherlands
• United States

Learning how to avoid cheap offers is the key to financial safety. Therefore, we invite you to check our PSI Markets and AlgoProVersion reviews as well. Ultimately, if any of these firms got your money illegally, contact us for legal and refund assistance.

Traders Reviews

Based on Solo FX reviews, many traders might think this broker is a good choice. However, you will quickly realize that comments on different platforms don’t really match. While on Trustpilot we can see only positive users, on Reviews.io we can see a lot more complaints. Combined, there are more than 150 samples you can find.

Sadly, you shouldn’t trust any of those since this firm is not regulated. Therefore, no comments can change the fact they operate without any oversight. But if you still trust them and regret it, feel free to reach us for refund advice.

Leverage, Commissions, Spreads, Fees and Taxes

One of the reasons to expect to get scammed by the Solo FX broker is its hidden trading conditions, primarily leverage. Without negative balance protection, it can truly affect your balance. 

On top of that, there are hidden spreads, commissions, and fees. Fairly, too many things to worry about.

Bonuses

Another huge issue with this brokerage is its well-hidden bonus policy. The company offers added funds that include quite unfair terms. 

For every $1 added, you have to reach 1 standard lot in a trading volume. Otherwise, you can’t withdraw any funds. But the key problem here is that 1 standard lot is $100k. So, you better avoid it.

Solo FX Trading Features

As can be seen, none of the Solo FX account types offer any attractive features. Starting with copy trading, social trading, EAs, trading signals, or similar. But even if they offer such options, can you truly trust them? Without adequate licenses definitely not.

Trading Platforms Available

Besides the main web-based platform, traders can also download desktop apps. However, downloading any data from a website run by scammers is not the smartest move. 

In any case, once you complete the Solo FX login process, don’t be surprised if the platform offers only basic functionalities.

Available Trading Assets

Another disadvantage of this trading firm is the poor instruments offer. With only three investment classes available, they can hardly compete with any broker. Surely not with top-tier licensed ones. 

In any case, if you still opt to trade with this firm, you can trade: 

• Forex – GBP/EUR, USD/HKD
• Commodities – natural gas, crude oil
• Indices – ASX200, DAX30

Account Types

Generally, none of the account types with this firm include any special benefits if you deposit more money. In their opinion, what’s worth $5-$10k is their VIP support, personal account manager, and hedging feature. Still, with unclear conditions, none of these options matter. 

Anyway, the offer starts with: 

• Silver – $500
• Gold – $5.000
• Platinum – $7.000
• VIP – $10.000

Mobile Trading App

If you try to download the Solo FX app for mobile devices, you won’t get links to trusted download stores. Instead of the download option, you are redirected to a web trader and fairly, that’s misleading.

Demo Account

If the Solo FX trading firm operated legitimately, they would offer a demo account in the first place. But that way, you could test out trading conditions and expose their scamming activities through leverage. That’s why top-tier licensed firms should always be your first choice.

Education

Imagine that you don’t know anything about trading and you need to learn something with this broker. With their extremely poor educational center, you’ll be quite disappointed. It only covers a few basic questions about general trading and zero advanced education programs. But that’s expected from unregulated Solo FX scam company.

Solo FX Withdrawal

Whatever withdrawal conditions the company presents us with, these are subject to change without prior notice. After all, we can’t expect anything legitimate from the unregulated offshore firm. 

In any case, the company has 3 business days to process your withdrawal, but watch out. They will most likely require you to provide additional verification documents.  This gives them enough time to make excuses not to approve your withdrawals. Or even worse, to try to extort non-existent fees as reported in some Solo FX complaints. 

All in all, with hidden withdrawal fees, it’s clear you can expect manipulation.

Customer Support

Many traders might think this company is legitimate because of transparent contact numbers. However, these can be a good cover-up if VOIP services are used. But when you realize working hours are not disclosed nor that the company offers live chat features, you realize how mediocre their support is.

Key Information To Consider About Solo FX

In the first place, traders must remember the company is not regulated. No matter what reviews say, you won’t have that good experience with them. Fairly, without a trusted platform and transparent conditions, everything is prepared for solid manipulation.

Therefore, if you experience anything similar you can reach out to our experts for consultation. Don’t let these swindlers get away with your money. Start the refund process right away.

FAQ Section

What is Solo FX?

Solo FX is an offshore broker offering FX and CFD trading services with many hidden conditions and details which makes them unreliable.

Is Solo FX Legit?

No. The company operates without any licenses and yet they claim to operate from the UK. If you suspect any scam activity from this broker, contact us immediately for refund assistance.

Where is Solo FX Located?

According to the company, they are registered in Saint Vincent and Grenadines but operate from offices in the United Kingdom.

Not often do you see a well-developed offshore business that has been enjoying customer trust for over a decade. There is a reason for that, though.

The poor regulatory conditions under which this firm operates allow it to offer conditions not easily seen in Tier-1 countries. However, this comes with a few risks involved, as you will see in our Titan FX review.

Offshore Powerhouse

Trading veterans will surely recognize the name of Titan FX broker, vaunted as being the first ever broker-dealer to be regulated by the small nation of Vanuatu. It operates under different trading names in a number of offshore countries.

These include Titan FX Limited in Vanuatu, Goliath Trading Limited in Seychelles, Titan Markets in Mauritius, and Atlantic Markets Limited in the British Virgin Islands. The corporate HQ is situated in Vanuatu, with other firms acting as branch offices. 

Dark Side of Offshore Regulation

The company has several licenses issued by VMA, FSA, BVIFSC, and FSC Mauritius. While this may seem impressive at a glance, we assure you it is not. Compared to a Tier-1 regulated firm like Louis Capital, offshore firms are subject to far less scrutiny. For instance, UK regulations require client funds to be segregated, and a compensation fund of £85,000 is mandatory. You won’t find any of these safeguards with an offshore broker.

Worse yet is the fact that the service provider we’re reviewing today has already been issued warnings by CNMV, FSMA, and FI, all of which are Tier-1 agencies.

Is this clear evidence of a Titan FX scam, then? Not really, but it is difficult to ignore all the blacklists the firm has been placed on over the years. Additionally, FCA warns investors of clone company impersonators, which is another reason to keep your guard up.

Popular Around the World

Titan FX reviews on popular sites like Trustpilot remain overwhelmingly positive, with an average of 4.6 stars out of 166 testimonials. Negative comments are mostly focused on problems with slippage.

The titanfx.com domain was created not long after the firm was originally established in 2014. Here is where the majority of traders are from:

• Japan
• Australia
• United Kingdom

One of the broker’s main selling points is large leverage and a variety of trading apps. Users were mostly introduced to the service through social profiles on Facebook, X, LinkedIn, CrunchBase, Pinterest, and YouTube.

Good Selection of Platforms and Assets

Creating a Titan FX account requires users to submit documentation for KYC verification immediately. A demo environment is available, though, and it may be used on all of the apps currently on offer. This includes industry-standard MT4 and MT5 apps, as well as a WebTrader and the proprietary Titan FX Social. The demo comes with up to $100,000 in virtual currency.

Live trading accounts are based on different billing models:

• Zero Standard – no commission, STP spreads
• Zero Blade – commission-based, raw spreads from 0 pips
• Zero Micro – no commission, STP spreads, micro lot enabled, reduced number of symbols

All of the most popular trading instrument groups are available. Several types of CFDs are included as well:

• Forex – EUR/USD, AUD/CAD, GBP/CHF, USD/JPY
• Cryptocurrencies – BTC, ETH, XRP, DOGE
• Commodities – Cocoa, Sugar, Gold, Platinum
• Index CFDs – VIX, JPN225, SWISS20, HSCEI
• Stock CFDs – JPMorgan, Qualcomm, Caterpillar, Apple

Dangerously High Leverage

As we mentioned before, the feature that attracts a good portion of retailers to the Titan FX trading portal is the leverage. More precisely, leverage that goes as high as 1:1000.

Now, while this may seem like a good opportunity, it may prove to be a double-edged sword. Remember – offshore firms aren’t obligated to provide negative balance protection, so a single bad bet could land you in debt.

Commission is average, charged $3.5 per $100,000 of trading volume for some account types. Spreads also vary between accounts but generally start as low as 0.0 pips. Very little disclosure is given on the various fees. There is a fee that is billed if the user withdraws repeatedly with no trading, and is charged 4% of the balance. The currency conversion fee is 2%.

Good Diversity of Funding Channels

The company accepts deposits through numerous financial channels. These include bank cards (Visa, MasterCard), e-wallets (Skrill, BitWallet, Sticpay, Neteller), bank transfers, Apple Pay, and cryptocurrency.

As per AML regulations, the payout options remain the same. The firm charges no withdrawal fees unless clients make frequent requests without trading. The Titan FX withdrawal will usually be processed within a single business day.  

Prompt Client Support

Clients can access customer support by phone, email, or live chat. Of all these, the quickest option is the chat, which is available 24/7. Chat agents are polite and knowledgeable and respond in a matter of minutes. 

Got Scammed Online? Call Us For Help!

This forex trading service has been in business for more than ten years now. Its track record and user experience is solid, but the firm has been blacklisted in numerous countries.

If you believe this broker has caused you damage by violating regulations or that you have become a victim of an online scam like Titan Invest, feel free to contact our team. You may reach out to us at any time by using the live chat feature on our site.

FAQ

Is Titan FX a Reliable Forex Broker?

Many clients of the firm praise it for providing conditions that are unavailable to Tier-1 license holders. The regulation is lax, however, and does not inspire much confidence.

Who Do I Call if I Suspect a Scam?

If you believe you’ve become a victim of online fraud, contact our expert team. You can get in touch at any time through the live chat option on our site.

Kapital Consult is a shady website. You won’t find any Terms and Conditions, regulations, or information about the owner. So it’s pretty clear that this review won’t praise the scheme. Let’s start and check every part of the broker’s fraudulent story.

Is Kapital Consult a Licensed Broker?

As aforementioned, we know nothing about Kapital Consult. There is no T&C, the owner is not mentioned anywhere, and there is no official headquarters. We discovered that the broker is unregulated when checking all the major regulatory registers, including here FCA, ASIC, BaFin, CONSOB, FINMA, and more. 

Furthermore, trading conditions are unregulated. So you have no reason to invest a penny with the firm, regardless of how good of a story they may serve you.

Also, we want to invite you to read our recently updated reviews of fraudulent brokers Traders Powers, Europa Trade Capital,  and Focus Markets. Be careful with these brokers.

How Unsafe Is An Unlicensed Broker?

Unlicensed brokers are unsafe since there’s no compensation fund, no money-back guarantee, and you have nowhere to file a complaint. In addition, most unregulated firms don’t provide negative balance protection, meaning you can end up in debt towards the firm. 

Our best advice is to look for a transparent, legitimate broker.

So, is Kapital Consult a Good Broker or a Scam?

Kapital Consult is a shady anonymous trading website. There are no Terms and Conditions, owner, or regulation number. The consumer index is low, indicating you should not trust the firm with your money.

Traders’ Experience With Kapital Consult

The best way to describe Kapital Consult reviews is as worrisome. The majority of comments refer to withdrawal issues. According to everything we read, this trading firm doesn’t allow customers to withdraw their funds. Instead, they are asked to pay additional fees and taxes, and then their trading account is blocked.

Kapital Consult Сlaims to Provide Access to WebTrader

The trading company claims to offer a WebTrader. However, without making an initial deposit, we could not access it. Thus, we can say only what’s written on the website – the web-based software is user-friendly, easy to navigate, and offers many charts and indicators. Since most WebTraders don’t actually have these functions, we’re pretty sure Kapital Consult wouldn’t surprise us either.

Kapital Consult Accounts Overview

There are five account types, each bringing different perks. They are:

• Starter – $250
• Basic – $5,000
• Gold – $25,000
• Premium – $100,000
• Supreme – Invitation Only

The leverage varies from 1:100 to 1:300. From the Basic account, you get access to specialized trade rooms and special ventures, and from the Gold account, you’re entitled to perks such as financial planning and risk management plan.

Also, remember the names of the trading frauds ACE FX, Interactive Fund, and GetPrimeCrypto trading scams and avoid them at all costs! Furthermore, before investing, always check the background of internet trading organizations!

Kapital Consult Broker – Countries Of Service

The broker mainly operates in:

• US
• Spain
• Australia

Wherever you are, you should be aware that trading with Kapital Consult is unsafe, and you’re not covered by any compensation fund.

Kapital Consult Range of Trading Instruments & Markets

The firm offers trading in all major markets, including here:

• Forex – EUR/USD, GBP/CAD, EUR/GBP
• Commodities – gold, natural gas, crude oil
• Indices – Dow Jones, FTSE100, DAX30
• Shares – Amazon, Tesla, Microsoft
• Cryptocurrencies – ADA, BTC, NEO

What Trading Terms Kapital Consult Offers?

Since the spread is not disclosed, we don’t have an overview of your trading costs. Other trading conditions are unregulated, starting with leverage.

About Leverage

The leverage with this firm goes up to 1:300. EU and UK regulators only allow up to 1:30. At the same time, in the US and Australia, the limit is set to 1:50. The leverage has to be controlled so that a customer can control risks and not lose their funds immediately. As you can tell, the broker is not really worried about clients’ well-being.

Minimum Investment Amount

The minimum deposit is typical – it starts at $250. However, most legitimate firms have Micro accounts starting with as low as $10. You should go for one of those, especially if you have no experience.

Kapital Consult Fees, Payment and Withdrawal Methods

The firm doesn’t mention any deposit or withdrawal methods. Since there is no T&C or a Withdrawal Policy, we don’t know much about withdrawal terms and fees either. As there is a big lack of transparency, it’s clear that you should avoid the Kapital Consult trading scam by all means. 

Scammed by Kapital Consult Broker? – Let Us Hear Your Story

Suppose you were involved with Kapital Consult. There’s a high chance that you cannot withdraw your funds and your access to your trading account is blocked. Contact us to book a free consultation with our chargeback specialists and we may be able to help you recover your funds.

But What Is A Chargeback?

A chargeback is a way for your bank to retrieve funds directly from the merchant. Since it’s a time-limited procedure, we urge you to get in touch right away. Let’s recover your money before it’s too late.

What Is Kapital Consult?

The broker is shady unregulated online Forex and CFD trading provider.

Is Kapital Consult a Scam Broker?

Kapital Consult has no Terms and Conditions and didn’t disclose any basic trading terms.

Is Kapital Consult Available in the United States or the UK?

The broker operates in both the US and the UK.

Does Kapital Consult Offer a Demo Account?

No, Kapital Consult doesn’t offer access to a Demo account or trading platform.

The first thing about the VNSmart broker that caught our attention is the claim that it’s a Blockchain Securities Trading platform. Of course, it implies that the company offers crypto trading, which has regulation issues per se. Check out all about the company in our VNSmart review.

Is VNSmart Regulated? – Is The Platform Legit?

Checking out the broker’s white paper told us nothing. The firm claims to be operated by Robin Hood and Saxo Bank employees, but there’s no proof of that. Furthermore, the explanation of the investment process itself makes no sense whatsoever. In the end, there’s no mention of VNSmart regulation.

In addition, we strongly advise you not to invest in Oriontero , ZMarket Global and DCMGroup fraudulent brokers.

The Importance of Tier 1 Trading License

Financial regulators are divided into 3 Tiers based on their requirements. The strongest regulators are in the Tier1 zone, while loose offshore regulators would belong to the third. As you can tell, Tier1 regulators such as FCA, ASIC, and BaFin are closely monitoring financial institutions and making sure they operate by law. Since VNSmart has never obtained a license, your funds are at risk.

Scam Warnings From Financial Watchdogs

VNSmart complaints led to regulatory warnings. There have been several from Belgium, Italy, and Singapore,

Official Warnings Issued by FSMA and MAS – Evidence of Fraud

Belgian regulator was the first to publish an official warning stating that VNSmart operates with no regulation. Singaporean MAS confirmed it, while Italian CONSOB republished the FSMA warning.

Where Is VNSmart Trading Scam Active?

To our knowledge, there are several areas of VNSmart trading scams. They are:

• US
• UK
• Canada
• Australia

When Did We First Discover the Broker?

We received an official complaint about VNSmart back in 2018, right after Bitcoin lost its value. This firm saw an opportunity to use the rising popularity of crypto and present something new – trading stocks on the blockchain. 

It was a good idea but a bad execution since the company didn’t bother to legitimize its business and get regulation. Once they saw the scheme works, they started defrauding more and more people, with the peak being in March 2021. Since then, regulators have warned citizens not to fall for the VNSmart scam.

What Trading Platforms Are Available?

Let’s just say that the VNSmart trading platform won’t blow your mind. It’s a simplified WebTrader, far from MT4 or MT5. The leverage goes up to 1:50, which is solid. Yet, we don’t know basic things, such as VNSmart’s minimum deposit or bonuses, so investing money is risky anyhow.

VNSmart Mobile Trading App

There’s one good perk, and that’s VNSmart login via mobile. Clients have access to the app based on the WebTrader they use and log in whenever they need to view their account.

What Products Does VNSmart Offer?

As mentioned, VNSmart designed its platform to be blockchain-based, with the possibility to trade shares. So, clients can invest in crypto or shares via a blockchain network. It was an innovative solution, for sure, but it needed to be developed differently, following specific regulations to be a real investment opportunity. This way, it turns out to be yet another scheme we’re used to seeing all the time.

VN Coin Crypto – Another Crypto Scam Token

The broker VNSmart has developed its own coin, VN Coin. By mining it, the firm is collecting funds. However, you need to have eligible white papers and regulations to be an actual token. VN Coin has none. You’re also given predictions about coins price in 2022, where the coin needed to cost $2.5. Since we’re already here and the coin is worth less than a dollar, we can say all these predictions are a lure for innocents to put in more funds.

Also remember the names of the Mag Markets, Nash Markets and ABSystem trading scams and avoid them at all costs! Moreover, always check the background of online trading companies before investing!

VNSmart Withdrawal Process

If you want to learn how to deposit, the entire website is dedicated to this question. Yet, a small section explains that withdrawals are made from your trading account to your wallet, meaning only in crypto. And that’s already bad since you can never be sure the company will send you funds or approve withdrawal from their own wallet to yours. You entirely depend on an unsolicited business to be trustworthy and refund you.

Scammed By VNSmart Broker? – Talk To Our Recovery Experts

If you end up being a victim of a VNSmart scam, it’s time to notify us. Our recovery specialists are here and would like to hear your story and help you get the money back. Get in touch via online chat, book a FREE consultation, and let’s find the quickest way for a refund before it’s too late.

What Is VNSmart, And Should I Invest Money In It?

VNSmart claims to be a blockchain-based investment platform but has no regulation.

Can I Trade Cryptocurrencies And CFDs With VNSmart Broker?

You can trade crypto and shares as CFDs on the broker’s WebTrader.

Does VNSmart Give a Deposit Bonus When Opening an Account?

VNSmart didn’t give any information about minimum deposits and bonuses.

Is VNSmart a MetaTrader 4 Forex Broker?

VNSmart doesn’t offer MT4; instead, clients have access to WebTrader.

Exchanging cryptocurrencies for stable instruments like silver and gold seems like a savings plan of a lifetime. You trade altcoins, get some revenue when they moon over $1, and quickly convert them to gold. Simple, right?

Well, unfortunately, it’s not that easy. There are multiple market factors that make these sorts of transactions very risky for the service provider. Most companies shy away from these exchanges, and this is exactly how the one we’re looking at today in our Vaultoro review snares their victims.

Only Registered but Unregulated

The firm transparently presents their corporate information – they’re registered as Vaultoro Limited. UK Companies House database has an entry under this name with the registration number 09369786.

The company is incorporated as an information technology service, though, not as an exchange, broker or any other type of financial services provider. That’s why they didn’t obtain a license from the leading financial regulator – FCA. Louis Capital is an example of a FCA-regulated firm with minor flaws but with far better safety conditions. 

The company we’re reviewing definitely needs a license as an exchange to offer services of swapping digital currencies and crypto assets for precious metals. Since they’re not properly regulated, the firm can’t be considered legit or safe.

Baiting Traders With Innovative Ideas

The vaultoro.com domain has been around since 2014, and it was purchased exclusively to host this exchange. The website remained under construction until 2015, however, after which it was directed towards these nations:

• United States
• United Kingdom
• Spain
• Italy

Vaultoro investment company has managed to attract numerous traders through their large online presence. The firm operates Facebook, Instagram, X, YouTube, Medium, and CrunchBase. All this is further backed by numerous articles, webinars and podcasts about gold-backed cryptocurrencies.

The firm leverages the idea of purchasing stable instruments like precious metals in exchange for volatile cryptos. This sort of service carries a significant amount of risk, which is why mainstream companies avoid this line of work.

Volatility doesn’t concern fraudsters in the slightest – they simply steal the coins from their clients and call it a day. Should a victim try to recover either asset, they get stonewalled. If you’ve had any similar experience, feel free to contact our legal team.

Reviews Reveal the Truth

For a company that’s been around for such a long time, there’s surprisingly few Vaultoro reviews to be found. They are most numerous on TrustPilot, where the firm has an overall rating of 2.2 stars out of only 11 reviews.

While the positive ratings are more numerous, they were all written by new customers without long-term experience. Negative comments call the company an outright scam, talking at length about the strategy used to defraud them.

Crypto and Precious Metals Fees

The Vaultoro pricing on gold and silver is averagely 2%-4% higher than the price set by the suppliers. The service of storage, insurance and auditing costs about 0.05%/month for gold and 0.125%/month for silver. Buying and selling these metals includes a 0.5% fee.

Maker and Taker fees depend on the monthly volume of a Vaultoro account and therefore range from 0.5% / 0.5% to 0.100% / and 0.375% per trade. Depositing funds in BTC is free, but other coins like ETH include a fee that varies between currencies. The same stands for the withdrawal fee, which is set to 0.00015 BTC.

Missing App, Limited Assets and More

To download the trading software, users are given two suspicious links for iOS and Android versions. One doesn’t work and the other relies on a QR code. There are mentions of Vaultoro API as well, but we couldn’t find any trace of it.

This is just the tip of the iceberg of this bad portal, so read on to learn more and bear in mind that illicit platforms like InvestoSea all have nothing to offer you.

Pseudo Trading Terminal

As previously explained, the website primarily advertises a mobile app which can’t be acquired. The link to the App Store is broken and the Android version can be downloaded via a QR code, which is something we don’t recommend. 

The simplistic terminal found in the client zone allows swapping one crypto currency for another and buying gold and silver for BTC, ETH or any of the other supported crypto coins. Advanced trading technology is not found.

Range of Assets

The offer of Vaultoro crypto coins is not even close to rich or interesting. Compared to major exchanges, it doesn’t look particularly interesting. 

The list of available digital currencies includes BTC, ETH, DAI, USDT, USDC, LTC and a few others. On the other hand, there’s also Gold and Silver.

Trading Accounts

Since only verified users are allowed to trade, you’re expected to confirm your identity once you sign up for the Vaultoro login. Sharing your personal information (ID, passport, credit cards) with suspicious sites, however, is not recommended.

In addition, the firm also claims to allow your account to be focused on savings plans, but the link that leads to the supposed page is dead, just like half of the website.

Diverse Withdrawal Options

There are several different kinds of withdrawal available with the company. Coins can be withdrawn through the dashboard. It supports BTC, ETH, USDT and some others.

The other way to get a payout is to request a delivery of precious metals to the trader’s home address. Local deliveries, per Terms and Conditions, may be completed by a regional merchant rather than the company.

Now, all these procedures seem well thought through, but you gotta remember you’re dealing with an unlicensed firm. Many clients complain that their cryptos never arrived, after which the firm cut communication.

Clients Say Support is Not There

Besides the option to submit a ticket to support, clients have no other way to get in touch with the client help desk. There’s also a bunch of articles that allegedly help users solve their issues but actually contacting the support office is not possible. 

That means that if your request is ignored, you won’t have any other way to reach out to the customer assistance office which has already happened to others.

Don’t Hesitate – Get Help!

Have you had your funds stuck on unregulated exchange websites and you can’t seem to take them back whatever you do? It’s time to stop paying advance fees and listening to the fraudsters – seek professional chargeback support!

Our recovery specialists can help you track your stolen crypto investment and help you determine where your assets are kept. To find out more about how crypto recovery procedure works, please book a free consultation with our experts.

FAQ Section

What is Vaultoro?

It is an online fraud that baits their victims by providing a service not traditionally available with brokers.

Is Vaultoro Legit?

The company is legally registered, but lacks any license to provide their alleged service. If you are one of the defrauded investors, contact our experts.

Where is Vaultoro Located?

The company headquarters are located in Cardiff, UK according to the UK Companies House.