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

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

No Regulation And Fake Certificates

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

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

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

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

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

Coinzit Clients’ Opinions

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

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

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

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

Where Does Coinzit Scam Find Their Victims?

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

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

• United States
• United Kingdom
• Poland

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

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

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

Expensive Hidden Fees

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

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

General Trading Features On Coinzit

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

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

Trading Platform Does Not Work

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

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

Selection Of Trading Assets

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

Here is what Coinzit claims to offer:

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

Dysfunctional Account Creation Form

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

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

Unlisted Mobile App

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

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

Problems With Coinzit Withdrawals

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

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

Unresponsive Customer Support

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

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

What To Do To Recover Money From Coinzit Scam?

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

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

FAQ Section

What is Coinzit?

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

Is Coinzit A Scam?

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

Is Coinzit Regulated?

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

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

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

Operating Illegally Since Day One

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

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

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

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

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

Targeted Areas and Strategies Employed

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

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

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

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

• Malaysia
• Indonesia
• United States
• Norway

What Traders Think of FXBTG

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

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

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

Trading Conditions and Suspicious Pricing

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

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

Bonuses

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

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

Defunct Trading Tools 

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

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

MT4 and FXBTG App

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

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

Financial Instruments Provided

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

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

Several Account Types

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

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

These are the prices:

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

Demo Account

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

Withdrawal Issues 

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

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

Attempting Contact is Futile

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

Contact Us For Help

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

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

FAQ Section

What is FXBTG?

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

Is FXBTG Legit or Scam?

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

Where Is FXBTG Located?

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

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

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

Who Owns This Broker?

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

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

Unlicensed Forex Service

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

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

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

Scamming For Years

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

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

• Germany
• Netherlands
• United Kingdom
• Australia
• Canada

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

Completely Nonfunctional Amenities

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

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

• Seamless Trading
• Empowered Trading

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

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

Nonsensical Trading Parameters

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

• Forex
• Cryptocurrencies
• Commodities
• Metals
• Indices

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

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

Doesn’t Allow Payouts

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

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

Blacklisted Phone Number

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

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

What You Can Do To Recover Lost Money

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

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

FAQ

Who Owns The ABN Markets Broker?

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

Is Recovery Of Stolen Money Possible?

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

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

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

Is Titan CFD a Scam Broker?

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

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

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

Why It Is Better Not to Choose An Unlicensed Broker

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

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

Warning From CONSOB

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

What Platforms Does Titan CFD Offer? – Available Trade Software

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

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

Mobile Web Platform

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

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

Web Platform

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

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

Titan CFD Range Investment Opportunities – Trading Instruments

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

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

Titan CFD Fraud Risk Zones – Service Countries

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

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

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

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

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

Titan CFD Accounts Overview

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

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

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

Company Offers a Free Demo Account?

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

Titan CFD Terms and Conditions

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

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

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

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

What Is the Chargeback Procedure?

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

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

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

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

What Is Titan CFD?

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

Is Titan CFD a Scam Broker?

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

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

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

Does Titan CFD Offer a Demo Account?

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

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.