VI Markets trading company looks very promising at first glance. With a representative website and trusted software, traders might think it’s a good choice. However, digging under the surface you can find many irregularities.

If you don’t want to be a victim in your trading career, read this VI Markets review carefully.

Is VI Markets Broker a Scam Broker?

The broker represents itself as licensed by the FCA and FSCA. However, the owner of VI Markets is Version International General Trading and Contracting Ltd. This is a company based in Kuwait that doesn’t have domestic regulations. But also no FCA or any other Tier 1 regulator license. For instance BaFin or ASIC.

As we can see from their disclaimer, they are just a promoter of a regulated company One Financial Markets. But hidden under the surface you can find the real disclaimer of the VI Markets scam. Once you understand what to look for, you can easily determine if the company is legit. For that reason, you can read also our Roi Republic and Victoria Coins reviews to learn more about avoiding scams.

VI Markets Platforms – A Software Comparison

Generally speaking, VI Markets is copying everything. From website to trading platform access. But if you will get what they advertise is questionable. VI Markets promotes Meta Trader 4 and Meta Trader 5 software. Those are highly trusted third-party options. With many advanced tools for successful trading, it became a leader in the industry.

However, VI Markets runs a suspicious business. So, you can’t confirm if they are providing this platform unless you make a deposit. Instead, you can find a Tier 1 regulated broker and start a business with them safely.

What Financial Instruments Does The Platform Include?

All trading instruments advertised are coming from 5 different groups. Those are:

Forex                        USD/SGD, EUR/HKD, NZD/JPY

• Commodities            gold, platinum, silver
• Indices                      S&P 500, Dow Jones, Nikkei 225
• Shares                      Amazon, Apple, Tesla
• Cryptocurrencies       BTC, LTC, XRP

Considering the fact that this broker is pretending to be legit, take that with reserve. VI Markets trading scam is designed to trick traders. Whether it’s with instruments, software or trading conditions. Everything is created with one goal. To take your money and vanish.

VI Markets Countries Of Service

VI Markets reviews are another key point. There are none for almost 9 years in the business. Which is highly suspicious.

However, by registering we found that they are mostly scamming traders from:

• United States
• Australia
• United Kingdom
• Canada
• Singapore

All rich countries are targeted. Thus, this broker doesn’t have the authorization to provide services anywhere. Therefore, before investing any money it’s better to double-check everything.

Account Options Offered by VI Markets

In general, trading companies provide different account types to attract traders in depositing more. With licensed brokers, those are not necessary because they make money through spreads and commissions.

On the other hand, VI Markets broker offers only one account type. This is another way of pretending to be legit. Traders can only choose the Standard account type with a minimum deposit of $250.

Can a Trader Use a Demo Account?

Even though a licensed entity offers a demo account, we can’t confirm the same for the VI Markets trading company.  Indeed, they advertise a demo account.

But once you try to download VI Markets MT4 or VI Markets MT5 you get redirected. Practically, you download the platform of a regulated company. But if you will trade there, you don’t know.

Terms of Service for VI Markets

Primarily, if you take a look at the broker’s website you will realize it’s not secured. Therefore, nothing is trusted there. Additionally, they are misleading traders with their terms and conditions. As for funding options, they accept:

• Debit/Credit cards
• Crypto transfers

With such a shady broker, the best option is not to invest at all. But if you do, do it with a card because you can get a chargeback. If you are using hardly-traceable crypto, you are making an anonymous transaction. That way you send money directly to their pockets. In fact, that’s exactly what you want to avoid.

Leverage, Spreads and Fees

Any licensed broker is transparent regarding trading conditions. They provide all details about leverage, spreads and commissions. With this in mind, traders can choose wisely if those conditions are acceptable.

However, that’s not the case with the VI Markets scam. They are completely mysterious on that topic. So, the only way of testing them is by risking your own money. But even if you are willing to throw away $250, you are not going to give your details to the scammer. Because they will call you relentlessly to get you into depositing more money.

Scammed by a VI Markets Broker? – We Want To Hear Your Story.

If you were scammed by this broker, let us know. The first step in finding a solution is by sharing your experience. That way you can warn other traders about this illicit scam. But also you can get in touch with our specialized fund recovery team.

Being a victim of a scam is hard. But giving away your hard-earned money is even harder. In fact, you are possibly one chargeback away from getting your money.

What Is the Chargeback Procedure?

If you are making a debit/credit card purchase, you can get a chargeback. This is a standard procedure if the client or merchant reports fraudulent activity.

However, you can only do that in the first 540 days. This means that you don’t have much time to waste. It takes time for the bank to review the request and then proceed with it. Don’t wait any longer and book your first free consultation now.

What Is VI Markets?

VI Markets is a copycat of a legitimate trading company operating with all valid licenses.

Is VI Markets Broker a Scam Broker?

Absolutely. They are misleading traders and using someone else’s credibility for fraudulent activities.

Is VI Markets Available in the United States or the UK?

Yes. Both countries are one of the main targeted areas of this Kuwait-based swindler.

Does VI Markets Offer a Demo Account?

Most likely no. Because they only copied the website of a legitimate company.

Bitget Exchange is allegedly run by a group of enlightened crypto experts that “believe in a blockchain-based future”. If the owning company was indeed that committed, they would have ensured their conduct was legal and licensed. Regrettably, that doesn’t seem to be the case. 

That apparently hasn’t stopped this exchange from building their reputation as a prominent crypto service. How they managed to do that despite operating unlicensed is what we discuss in the following Bitget Exchange review.

Anonymous Ownership

The Bitget Exchange parent company is an unknown entity, allegedly established in Seychelles. Although some third-party sources suggest Singaporean headquarters, the Bitget Exchange website doesn’t reveal this information. 

The offshore regulator overseeing the financial service providers in Seychelles, FSA, doesn’t list this exchange as regulated. Even if they were supervised by a gray-zone authority, it wouldn’t mean practically anything. Not without a Tier 1 license issued by FCA, CFTC, CySEC or BaFin.

Payment facilitator is another unlicensed entity, MultiExchange UAB, only formally registered in Lithuania, but unlicensed by LB. It seems that this exchange isn’t properly licensed and therefore not safe to trade on, despite the built-up reputation and online publicity. 

Potent Viral Marketing Propaganda

While the WhoIs database lists the bitget.com domain as active since 2003, the exchange was only launched in 2018. The faux exchange prefers clients from these countries:

• United States
• India
• Pakistan
• United Kingdom
• Germany

Bitget Exchange commands a formidable online presence, and holds profiles on X, Facebook, LinkedIn, Instagram, TikTok, Youtube, Reddit, and Discord.

They even managed to recruit Lionel Messi, the football star, as their brand ambassador! This is an extremely powerful propaganda machinery, and it’s more than enough to silence the voices of criticism.

Client Experiences

The internet is awash with deceptive and misleading content, all in cahoots with this malevolent exchange. Their Trustpilot ratings give an image that is less skewed, but only to a degree.

We can see the meddling of review seller networks, in an attempt to bolster the reputation and hide the true intentions of Bitget Exchange. Get in touch with our legal experts for any help with chargeback from this notorious deceiver.

High Leverage With Average Fees

Maker and Taker fees for spot trading are 0.1%, but may be reduced through BGB, the company’s proprietary crypto token, to 0.08%. Futures trading incurs a 0.02% Maker and 0.06% Taker fees, with no discount.

Available leverage is a whopping 1:125, which is extremely risky for traders, and withdrawal fee and varies from coin to coin. The benchmark is Bitcoin, which incurs a 0.0000051BTC (US$0.13) for BTC network, and 0.0003BTC (US$7.92) for BEP20 network per transfer.

Referral Bonus And Affiliate Programme

It is well-known that bonuses, rewards, various campaigns and similar practices are banned by some Tier 1 regulators because illicit platforms tend to misuse these features. The deal with this service provider is that they promise enormous passive income through several campaigns.

For example, commissions are available when your referrals reach a monthly trading volume of 100,000 USDT. Furthermore, every referral brings you a 100USDT coupon up to 9 million USDT bonus.

Mediocre Trading Features

At first glance, the platform offers a wide selection of features and assets, they lag behind the benchmark in almost every aspect. The trading software is lackluster, and does not provide very good functionality. Likewise, the selection of assets is somewhat slim when compared to regulated exchanges.

Laggy And Unresponsive App

The Bitget Exchange trading platform is a web-based app, with market information and charts imported from TradingView, but suffers from problems related to lag and slippage.

The main concern is trading integrity, as many faux firms like Roldex Pro actively abuse the web trader to steal their clients’ assets.

Mobile Device Support

On paper, Bitget Exchange proprietary mobile app should provide a more resource-rich platform than their web trader. It is available from App Store and Google Play for iOS and Android devices respectively.

Don’t confuse the quality of the app with that of the exchange, as many companies like ZES Forex use reliable apps to run their scheme.

Small Number Of Assets

The list of tradable cryptocurrencies includes some 500+ assets. While this may seem like a large number, it is in fact miniscule compared to industry giants, which on average offer 20,000+ coins and tokens.

All of the Bitget Exchange trading instruments are supported across a variety of strategies:

• Spot (BTC/USDT, ETH/USDT, ADA/USDT, XRP/USDT)
• Futures (BTC/USDT PERP, ETH/USDT PERP, DOGE/USDT PERP, LOOM/USDT PERP)
• Swap (BTC/ETH, BTC/USDT, SHIB/PEPE, CAKE/APE)

Expensive Account Tiers

The clients can create a single account for Bitget Exchange login with any number of sub-accounts, but a demo is not included.

The main account can be upgraded through 8 VIP tiers, depending on trading volume and accumulated deposit.

The VIP accounts feature reduced Maker and Taker fees up to 0,0125% and 0,035% respectively for VIP8. Minimum deposit for VIP8 is 3.000.000 USDT, which is extremely expensive even for crypto veterans.

Poor Educational Materials

These folks don’t want you to prosper, but to get some money the old fashioned underhanded way. The Learn and Earn programme embodies this strategy well. It returns borderline worthless coins under the pretense of tutoring new investors for the volatile market ahead.

Problems With Payouts

While the exchange seems transparent about their payout options, we can’t ignore what the clients say. Most of them complain that their assets were frozen, blocked, or rendered inaccessible by other means.

Facilitating a Bitget Exchange withdrawal might require legal action. Contact our chargeback experts through the live chat, and book your free consultation today.

They Simply Don’t Care

Many clients complain that they’ve encountered major issues with the company, which the customer service merely brushes off and avoids the topic.

They are also known to delete a support ticket and the conversation outright, and pretend the problem never existed in the first place.

An Overall Horrible Experience

Everything about the Bitget Exchange is a carefully tailored lie intended for luring new traders. The flashy and bombastic website, alluring bonuses and rewards, and many alleged opportunities are a total sham.

Don’t wait for the swindlers to walk away with your money! Use the live chat to book your free consultation, and start a chargeback with the help of our experts.

FAQ Section

What Is Bitget Exchange?

Bitget Exchange is an unlicensed cryptocurrency service provider, notorious for financial manipulation. For help with asset recovery, contact our chargeback experts.

Is Bitget Exchange Regulated?

No, Bitget Exchange is a completely unregulated firm, operating with no authorisation or oversight.

Is Bitget Exchange Profitable?

No, the clients that do manage to make a profit are never allowed to withdraw their earnings.

It’s important to realize that Idxxx.com crypto trading firm doesn’t reveal any legal information about the company or mention who founded the platform.

That’s a good enough sign to keep your funds away from their hands. Sadly, many traders don’t, and they end up scammed. That’s why we have this Idxxx.com review with all the tricks traders need to stay safe from this firm.

Legal info: Is Idxxx.com Legit or A Scam?

Traders should realize that nowadays, even crypto exchanges require regulatory oversight. This company also offers CFD derivatives trading. For that reason, it’s not surprising they claim to have licenses in the US, Australia, and Canada. But in reality, none of those exist. If they did, the company would present us with license details in the first place.

Therefore, the company’s hot and cold wallet segregation, as well as all of its security measures, fall down the drain.

Who are Idxxx.com’s Victims?

It’s not surprising to see zero Idxxx.com reviews available since the company is only a few months old. Luckily, the website analytics show us what traders are the main targets of this firm. Primarily the ones from: 

• United States
• France
• Poland

With quite strong regulations in all of the mentioned countries, it’s a matter of time before the company ends up on a warning list. But the only way for this to happen is for traders to share their experiences with regulators and our refund experts, who can assist them in recovering the funds—even the ones sent via crypto.

Leverage, Commissions, Spreads, Fees and Taxes

Another big problem with this company is a lack of transparency in trading costs. If you don’t read this IDXDEX review carefully, you might have funds stuck with this firm for a long time. Primarily, the company doesn’t reveal any trading-related fees and commissions. 

However, with their CFD availability, they should also share leverage and spreads. Thus, they don’t do so.

Bonuses

Currently, it appears the company doesn’t offer any bonuses. To be fair, crypto exchanges offer quite limited promotions. Mainly when new coins are out. But if the Idxxx.com exchange offers you some, be careful with it. These might have hidden clauses preventing you from withdrawing funds.

Idxxx.com Trading Features

One of the most attractive features available with this firm is copy-trading options. Sadly, all traders you are copying trades from can’t be truly trusted. 

Without regulations, this company could easily make it all up, and you would end up in a big trap. That’s why trading with top-tier licensed firms makes a big difference. But make sure it’s not Trenixo company, which is another scam broker.

Trading Platforms Available

Generally, crypto exchanges often feature proprietary trading software. Whether web-based or in the form of an app, it can only be trusted if the company is licensed. 

In any case, with the Idxxx.com crypto exchange, traders can only use a web-based platform. Sadly, without transparent access for the public, it’s hard to check if any of its features are truly available.

Available Trading Assets

Even though the company primarily offers crypto assets, they also offer other instrument classes. That’s quite surprising for a crypto exchange. Anyway, the whole offer includes: 

• Forex – USD/JPY, EUR/GBP
• Commodities – crude oil, gold
• Indices – NASDAQ, FTSE100
• Cryptos – BTC, LTC, XRP

Account Types

If you were still thinking of depositing with this firm, get prepared for surprises primarily because the company doesn’t reveal minimum deposit requirements. Consequently, they might try to persuade you to make higher deposits with some other fictive offers.

Mobile Trading App

As can be seen, the company advertises the Idxxx.com app for mobile devices and tablets. Thus, those apps can’t be found in trusted stores, such as AppStore or PlayStore. That’s not a good sign, so to find out why, check our Forex Eze review.

Demo Account

Unfortunately, after traders finish the Idxxx.com login process, they won’t have a demo account option available. After all, a demo account would expose all the company’s fees and commissions they might include. Not to mention spreads. 

Therefore, if you are into testing out trading strategies, tools, or AIs, opt for tier-1 licensed brokerage.

Education

If you are looking for a proper education about trading or cryptos, this platform is not the right place for you. With zero educational features or programs, traders can only rely on themselves. That’s also something that tells you something about the company’s goals.

Idxxx.com Withdrawal

In the trading world, it all comes down to withdrawals. All traders are into it for one thing. That’s making profits for themselves and taking it out. Thus, those features are always speculative with scam companies like this one.

In the case of Idxxx.com scam company, in the first place, it was because of the lack of transparency about the fees and procedure.  Above all, the company is not regulated, making everything even more suspicious.

Customer Support

The only contact options available with this firm are live chat and e-mail. Apparently, VIP customers can have 1-on-1 customer service while others have to use live chat. Whatever that means. In any case, support should be available 24/7.

Key Information To Consider About Idxxx.com

With all the irregularities we can see, it’s hardly believable that any trader can withdraw funds from this broker. Especially if they are sending cryptos. But to be fair, nothing more can be expected from the unregulated firm. We’ve experienced it as well and know it can be quite a frustrating feeling.

However, if you know the right refund methods, it’s way easier to deal with it. Nowadays, crypto transfers can be traced with tools like CipehrTrace, which our refund experts use daily to help traders recover their crypto. If you want to recover your money from this firm, get in touch with us and book your first consultation completely free!

FAQ Section

What is Idxxx.com?

Idxxx.com is an anonymous crypto trading firm that has been scamming traders worldwide since 2023.

Is Idxxx.com Website Legit?

No. The company is not regulated even though it claims to have licenses in the US, Canada, and Australia.

What is CipherTrace?

CipherTrace tool allows our refund experts to help traders with stolen crypto track it and apply for refunds. To find out more details, contact our team.

This broker offers financial services without any shame, with full transparency as a fraud. Already after 1 year of existence, they got so many warnings from financial regulators. BBanc broker belongs to the Primis LLC group. This company is based in St.Vincent and Grenadines and doesn’t comply with any regulations.

Everything will be explained in more details in our BBanc review.

In addition, we recommend reading our reviews about brokers IDealTrade, Orient Financial Brokers and Fintegral.

BBanc Is a Scam Broker That Is Not Regulated?

Saint Vincent and Grenadines as the country don’t provide any regulations to tradering firms. Forex and CFD trading companies should comply with the regulations in the country of service. Since they are scamming traders from the UK, Spain, Netherlands, Canada and Poland we expected to see Tier 1 Regulation.

Such regulators are FCA, CNMV, BaFin or ASIC. However, checking the registers of these regulators, non-surprisingly we didn’t find any records of BBanc trading company. Only warnings!

BBanc, a broker that has multiple warnings issued against it shouldn’t be trusted at all. Besides that, your information is shared with third parties which is violating your privacy. 

Arguments For Trading With a Licensed Broker

The biggest and most important aspect of licensed companies is security. At any point in time, if something goes wrong and you think you are scammed, you know whom to reach out to. With BBanc broker you don’t have an option like that. You are completely on your own.

BBanc did one very good thing and studied regulations. They provide leverage within the regulation. They provide a trusted trading platform – MT5. But making money is never the problem. Withdrawing it is the problem. That’s where regulation comes into play.

Red Flags and Warnings from Financial Regulators

There are so many BBanc reviews where customers are complaining about this bogus scam. That’s exactly how you prevent scammers from operating. Afterward, financial regulators issued a warning against the company after a detailed investigation. You can check warning registers from FCA, AMF, FCNB and CNMV.

Does BBanc Offer MetaTrader 5?

This was one thing we were thrilled to see. A reputable trading software. But hopes died really fast. Web trader and MT5 access are provided by a company under the name Stockton LTD. This is a third-party company and those actions are very risky.

MT5 is an industry standard that provides a lot of indicators, EA tools and advanced features. It’s satisfying to use this reliable software. But BBanc broker doesn’t have it, and it’s a huge disadvantage. Like it had any advantages so far?

BBanc Awards – Firm Achievements

BBanc broker is not ashamed to share a whole list of awards they got. That wouldn’t be a problem at all if those were real. Like the best FX trading platform for 2021. Best crypto and forex broker for 2022. We checked the database for you; of course, all these statements are false.

We find the best achievement is those warnings we mentioned earlier.

What Financial Instruments Does BBanc Include?

BBanc offers 5 different trading classes. Those are all Forex and CFD trading assets, which means very risky for non-experienced traders. Assets include:

• Forex                       USD/CAD, USD/HKD, EUR/NZD
• Commodities           oil, cotton, platinum
• Indices                    CAC40, AU200, BE20
• Shares                    Nvidia, Starbucks, Pfizer
• Cryptocurrencies    BTC, ADA, LTC

BBanc’s Fraudulent Activities – What Are The Countries Involved?

Any BBanc review consists of at least 30% of negative reviews and comments of people who were scammed for big money. They are scamming traders from:

• UK
• Switzerland
• Poland
• Canada
• Spain

It’s not excluded that some other countries are targeted as well since they claim they have a global presence. Some of the countries mentioned are China, Germany, Austria, Turkey and many more.

BBanc Types of Accounts – An Overview

They offer a variety of live trading accounts. However, the leap between basic and following accounts is bizarre. Check it out:

• Bronze        250 EUR
• Silver           10.000 EUR
• Gold            25.000 EUR
• Platinum      50.000 EUR
• VIP              250.000 EUR

The difference between accounts is minor. Something that every account should have for them is a huge difference. Like broker assistance and education, free withdrawals and more tradeable assets.

BBanc Free Demo Account

Unluckily, they don’t provide a demo account. So, to check how their platform works you have to deposit 250 EUR at least. We honestly wouldn’t bother with that. 

First, they are not regulated, therefore money is not safe. Second, you can try a demo account with a licensed broker or even a micro account for 10$.

BBanc Deposit and Withdrawal Policies

The company doesn’t provide anywhere on the website payment options. We can assume those would be cards or wire transfers. But let’s not exclude crypto transactions as well. However, based on BBanc reviews, we see that whatever policy for withdrawal they have, it doesn’t work. At least it doesn’t work for customers.

BBanc Terms and Conditions

Basic terms of trading are mysterious with this broker. They don’t disclose spreads, leverages or fees. Therefore, you are getting into the unknown. 

On top of that, they are providing bonuses that are strictly forbidden according to any regulation.

Scammed by a BBanc Broker? – We Want To Hear Your Story

It’s not a shame if you get fooled once. Especially if you don’t know anything about it. But twice, and after this review, would be a shame. Prevent that from happening by sharing your opinion on BBanc broker.

If you need assistance with fund recovery, our expert team is there for you. Get in touch today!

What Is the Chargeback Procedure?

For experts, recovering funds can be a piece of cake. A simple chargeback can solve maybe all your problems. That way you can reverse a transaction if a card is used as a payment method.

Don’t bother overthinking whether should you do it. Contact us now, to get assistance on your first step.

What Is BBanc?

This is an offshore company that provides FX and CFD trading without any regulations.

Is BBanc a Scam Broker?

Yes, absolutely. There are as well multiple warnings issued against them by financial regulators.

Is BBanc Available in the United States or the UK?

This broker only offers services to UK clients. However, the US is not mentioned but they are not excluded as a potential target in the future.

Does BBanc Offer a Demo Account?

No. This broker only offers a vast of live trading accounts with unreasonably high requirements.

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.