Online trading is fertile ground for numerous financial frauds. While some scheme firms are typical bogus websites with a shady background, some are presenting to be a part of legitimate financial firms hoping to lure more customers into their scams. One such company is Martyn Services, which will be the subject of our review. Keep reading and don’t miss any details.

Additionally, we strongly advise you to avoid the fraudulent brokers Fibonacci Trade, TopTrade500, and Broker Capitals.

Is Martyn Services Trade a Safe Broker or a Scam?

Martyn Services broker is an example of a clone firm. As you may see from their well-designed website, the company claims to be a part of Martyn Services Limited, a UK-registered company. This, however, is not true. Upon research, we found that Martyn Services Limited does exist at the address provided on the website, but it’s a firm providing financial intermediation not elsewhere classified. In addition, it’s not subject to FCA regulations.

All this indicates that Martyn Services is an anonymous phony website, and if an issue arises, you have nowhere to file a complaint. 

Reasons Not to Trust an Unlicensed Broker

There are plenty of reasons to avoid unlicensed firms, especially those pretending to be legitimate. While customers believe they are under FCA protection and entitled to the FCSC compensation fund, it’s actually the opposite. No regulator will reimburse you if you have been dealing with Martyn Services or a similar clone company.

Martyn Services Warning by the UK Financial Conduct Authority

The UK regulatory body, FCA, issued a warning against Martyn Services. According to it, this 

brokerage is a clone firm of UK-based Martyn Services Limited and these two are unrelated. Furthermore, the FCA warned customers that they cannot get reimbursed if dealing with this scheme firm. 

If you don’t think we are onto something, you have an official confirmation.

What Do Traders Think Of Martyn Services?

As expected, traders’ reviews are mainly negative. And they’re mainly referring to the fact that this firm is not actually registered in the UK nor licensed by the FCA. According to customers, everything will be fine if you’re willing to top up your account and deposit more funds. If you decide that you want to withdraw the funds, that’s not going to happen. Broker employees will give you numerous excuses before blocking access to your trading account.

Martyn Services Webtrader – Trading Software & Tools

While the main page indicates that you can open an account and start trading on MetaTrader, it turns out it’s just a good advert. In reality, you will get access to a basic WebTrader. This internet-based trading tool has several indicators, 3 chart types, and basic features, such as trading history and pending orders. Nothing close to the real MetaTrader.

So, What Is The More Efficient Software?

Having access to MT4 or MT5 would be a better option. This software has been known as the industry standard, preferred by 80% of retail traders. Thanks to the vast number of trading features, including EAs, social trading, and more, it’s the best trading tool you can get. In addition, it’s the most secure platform for your funds.

Martyn Services Accounts Overview

The broker offers access to 5 different accounts, including:

• Beginner – 250 EUR, FX trading, 3 insured trades
• Silver – 2,500 EUR, 2 types of assets, 4 insured trades
• Investor – 5,000 EUR, 3 types of assets, 5 insured trades
• Premium – 10,000 EUR, 4 types of assets, 10 insured trades
• Gold – 50,000 EUR, 4 types of assets, 15 insured trades

Besides the increasing number of insured trades, Premium and Gold account users are entitled to 50% or 70% bonus, respectively. 

Also, avoid the trading frauds GF Markets, FiboTraders, and BigBitMarket at all costs! Moreover, before investing, always look into the past of internet trading firms!

Can I Try to Trade With a Demo Account?

Based on our review, there’s no Martyn Services Demo account. Instead, customers are invited to invest a minimum of 250 EUR and start with the Live account. Since the advertised platform is fake and the broker is illegal, we don’t advise you to do it. You’re exposing your funds to risk.

Martyn Services Broker – Countries Of Service

Based on complaints, we concluded that Martyn Services trading scam mainly operates in:

• UK
• Poland
• Austria
• France

However, this broker is unlicensed in any country. No matter where you reside, you should know that you have no coverage for your funds.

Bonus Terms and Conditions

While bonuses and other incentives are banned by major EU and UK regulators, this firm provides up to 70% on the initial deposit. However, there’s no Bonus Policy or any sort of T&C. This means that broker employees can decide on the necessary rollover before you’re eligible for a withdrawal. It also means they can change bonus terms at any time since nothing is written.

Martyn Services Range of Trading Markets

This trading firm offers a limited number of trading assets, depending on the account type. All assets are available only to those signed up for a Gold account. Here’s the asset overview.

• Forex – EUR/USD, AUD/CAD, GBP/CHF
• Indices – Dow Jones, NASDAQ, FTSE100
• Shares – Amazon, Facebook, Netflix
• Commodities – gold, palladium, corn

Surprisingly, cryptocurrencies are not on offer.

What Trading Terms Does Martyn Services Offer?

Regarding trading terms, Martyn Services cannot be compared to legitimate brokers. Thus, this firm offers unregulated trading conditions and doesn’t specify trading costs. All in all, there’s no reason to trust them. Let’s see what you can expect.

About Leverage and Spread

The spread starts at 0.6 pips, and customers can choose fixed or floating spreads. With fixed spreads come other commissions that have not been specified.

The leverage goes up to 1:500, which goes directly against an FCA regulation allowing up to 1:30 for retail traders or slightly higher for experienced investors.

Minimum Investment Amount

The broker is asking for a minimum deposit of 250 EUR. While this can be considered a standard, it’s a lot of money to invest in an unregulated firm. Since legitimate companies have lower requirements and are safer, we always recommend you stick with those. Also, you will know that your money is safe.

Martyn Services Deposit, Withdrawal Methods, and Fees

The firm has no Withdrawal Policy that would clarify the terms. The T&C we’re given has no details, so all the commissions and fees remain unknown. Furthermore, deposit and withdrawal methods differ, which is directly against the AML rules. This company operates illegally until the end.

Methods of Payment

Deposits can be made using the following methods:

• Debit/credit card
• E-wallet
• QIWI
• Cryptocurrencies

At the same time, withdrawals through the QIWI wallet are not possible. 

Scammed by Martyn Services Broker? – Let Us Hear Your Story

If you find yourself scammed by Martyn Services, you should report it immediately. Brokers like this one tend to disappear after being exposed by regulators. You should start the chargeback procedure and get your money back. Contact us via online chat to book a free consultation with our experts.

But What Is A Chargeback?

A chargeback is a way for your bank to recover funds from the merchant. We’re here to help you file a dispute and be with you until it’s resolved. Let’s start now.

What Is Martyn Services?

Martyn Services is an online Forex and CFD trading provider without a license.

Is Martyn Services a Scam Broker?

Martyn Services is a clone firm blacklisted by the UK regulatory body.

Is Martyn Services Available in the United States or the UK?

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

Does Martyn Services Offer a Demo Account?

Martyn Services doesn’t offer a Demo account, only five Live account types.

With each passing day, these offshore scammers are getting more sophisticated. Don’t mistake this broker for a legitimate provider, it’s far from it. All your questions regarding this financial swindler will be answered in the Pioneer Markets Review. So, pack your stuff, we’re embarking on a voyage all the way to the Caribbean Sea.

Furthermore, we strongly advise you not to invest in the bogus brokers XBTFX, SmartProfit FX, and Bitcoin Convert. If you want to save money, don’t trade with these unlicensed brokers!

About The Regulation Of The Pioneer Markets Broker

Firstly, we shall discuss the masked financial market crusader’s legal status. As you know, Pioneer Markets is an enigma, i. e. the unscrupulous broker is anonymous. Only the address was disclosed, not the owner. Right off the bat, Pioneer Markets seems rather suspicious. It operates in St. Vincent and the Grenadines.

This remote island in the heart of the Caribbean is infamous for its controversial tax system and permissible laws. It goes without saying that many scammers have found their homes in SVG. The local financial market regulator – FSA, does not issue Forex licenses. 

Moreover, Pioneer Markets is not even registered with the authority. But the registration number points to Kamuflaz LTD, a notorious fraudulent entity also based in SVG that was blacklisted by the Bank of Russia.

Some Reasons Why It Is Better To Trade With a Licensed Broker

To revise, Pioneer Markets is an unregulated offshore scammer. The provider is not found in the databases of Tier 1 regulators such as the FCA, BaFin or ASIC. Thus, traders are deprived of security benefits such as negative balance protection, segregated account and indemnification (i. g. GBP 85,000 in the UK).

Also, offshore brokers are not required to possess substantial minimum operating capital at all times. For example, ASIC stipulates that providers have AUD 1,000,000 while the FCA demands GBP 730,000.

So Is Pioneer Markets a Decent Broker or a Scam?

Pioneer Markets is a controversial offshore provider based in Saint Vincent and the Grenadines. The review covers the unlicensed status as well as the key trading aspects that Pioneer Markets provides.

What Trading Platform Does Pioneer Markets Provide?

The trading platform that Pioneer Markets offers is WebTrader. Typically used by scammers, this browser-based platform is pretty elementary and lackluster, thus we don’t recommend it. Aside from basic charts and calendars, there aren’t any advanced tools such as automated trading customization. 

Furthermore, due to its unregulated status, the phony broker can easily manipulate the platform and steal your funds.

Mobile Platform

Yes, Pioneer Markets also enables traders to access the platform via mobile phones. However, when the desktop version is subpar, imagine the disadvantages of its mobile counterpart. Even mobile versions of renowned platforms like Meta Trader 5 come with issues that traders have outlined in reviews. Also, it’s susceptible to manipulation.

What Can Be Traded? – List of Assets

According to Pioneer Markets, clients are offered the following assets:

• Forex currency pairs – EUR/USD, GBP/JPY, AUD/CHF…
• Indices – DOW 30, NASDAQ 100, NIKKEI 225…
• Shares – Netflix, Apple, Tesla…
• Commodities – gold, natural gas, wheat…
• Cryptocurrencies – Tether, Ethereum, Bitcoin…

These can be traded as CFDs. Not bad, but again, that fact that bothers us here is the missing license. All these instruments are great but the safety of trading and funds is more important.

Pioneer Markets Bonus Policy

Pioneer Markets wouldn’t be your typical scammer without offering bonuses. Yup, these tempting ‘rewards,’ to put it lightly, are nothing more than bear traps that stop traders from reaching profits. 

Every time a fraudster issues bonuses, it always attaches vexing clauses to it. For example, look at what Pioneer Markets set as a condition regarding bonuses and withdrawals.

See how the scammer can use this against you? Tough luck withdrawing funds on this non-level playing field. By the way, most reputable regulators have banned brokers from issuing bonuses.

What Are the Different Pioneer Markets Account Types?

With Pioneer Markets, traders can choose from six account types:

• Basic – EUR 500;
• Silver – EUR 10,000;
• Gold – EUR 100,000;
• Platinum – EUR 250,000;
• Diamond – EUR 500,000;
• Millionaire Club – EUR 1,000,000.

The minimum deposit amounts for each type are out of order. Especially considering that the broker is unregulated. Hence, your investment can be embezzled as easily as 123. For less than EUR 500, you can find many legitimate brokers that won’t give you headaches.

Information About Demo Account

Judging by what we saw on the website, Pioneer Market doesn’t offer a demo account. How supposed to take the fraudster seriously? Before you blindly rush into this scheme, consider finding a broker with a demo account. That way, you’ll see a small piece of what you can get. 

Opening an Account – Using a Promo Code

We were unable to find out who are the potential targets of Pioneer Markets. However, we do know that the unscrupulous broker is selective. We deducted this from the promo code bar in the registration menu. Our assumption is that when the fraudster deems a trader a suitable victim, it labels him/her with this promo code. Therefore, be careful.

In addition to the above, we strongly advise you not to invest in Profits Vision, BCH Advance and Zetano fraudulent brokers.

About Leverage, Spreads and Fees

The shady broker failed to provide any info on its trading conditions. Thus, we know nothing about leverage, spreads and commissions. If this isn’t a red flag, we don’t know what is. Nevertheless, since this broker is unregulated, trading conditions might just as well be extremely unfavorable.

High Minimum Deposit and Withdrawal Terms

As mentioned, the minimum deposit is EUR 500. Sorry, but it’s just not worth the risk. Depositing on the platform can easily make your hard-earned money vanish into thin air. Fees weren’t disclosed. We highly doubt that Pioneer Markets will enable clients to withdraw any funds whatsoever.

Payment Methods Available

When it comes to payment methods, Pioneer Markets accepts only credit cards and wire transfers. Pretty unsophisticated if you ask us. Real brokers would provide more methods such as e-wallets (Skrill, Neteller). On the other hand, at least these two traditional methods can be reversed in case you got scammed.

Scammed by Pioneer Markets Broker? – Allow Us to Hear Your Story

If you’ve fallen victim to this awful offshore scheme, we feel for you. It’s a cunning plot, we admit. However, now’s the time to consider the possibility of getting a refund. Yup, it can be done, you just need to request either a chargeback or a recall.

How Does Chargeback Work?

• If you’ve deposited funds via credit card, you can request a chargeback within 540 days.
• It’s performed by the issuing bank but won’t succeed if you’ve provided the scammer with copies of your ID card or other personal documents.
• To reverse wire transfers, you have to request a recall at the bank.
• If the transaction is complete, the recall is bound to fail.

Contact us via online chat and our experts will give you a thorough explanation.

What Is Pioneer Markets?

Pioneer Markets is a fraudulent offshore broker based in St. Vincent and the Grenadines.

Is Pioneer Markets a Scam Broker?

Pioneer Markets is an obvious scam broker because it’s anonymous and unregulated. Plus, its operator has been blacklisted.

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

Pioneer Markets is available in both the United States and the United Kingdom.

Does Pioneer Markets Offer a Demo Account?

Pioneer Markets does not offer a free demo account anywhere on its website.

Shady online trading scam. Those are the only words we can use to describe SyscoFinance broker and everything related to it. However, don’t trust our judgment; read the facts yourself in our SyscoFinance review, and you will understand why avoiding this trading firm is an absolute must.

SyscoFinance Regulations and Security

There is a whole line of false information on the SyscoFinance website. However, we have no official owner. The only claim is that the company is registered in the UK’s Company House and has been operating for the last 25 years. Since the website has existed for a year, we highly doubt these allegations.

Moreover, it says the FSA has regulated the company in Saint Vincent and the Grenadines instead of the UK’s FCA, which raises an instant red flag. So, is SyscoFinance regulated, and by whom?

Fake Licence And Regulation Documents

In the disclaimer, SyscoFinance clearly listed FSA regulation as theirs. However, this can’t be true as FSA SVG is not an official regulator. Instead, they register companies and give them instructions to opt for the regulation in the country of service. So, this is not even a good lie.

However, by further investigating the website, we found claims that the broker had been duly regulated by the Australian regulatory body, ASIC. Yet, if you try to find out more, the link won’t redirect you anywhere. Is it because the broker’s website doesn’t work or because the regulation is false? It doesn’t matter.

What matters is that you’re dealing with an unregulated fraudulent firm, and you should be aware of it and file a complaint immediately.

In addition, we strongly advise you not to invest in InvestAgrico, HonorFX and CFreserve fraudulent brokers. So don’t fall for these dishonest scam brokers!

Fund Withdrawal Issues With SyscoFinance

After everything you’ve learned so far, would you be shocked to know about withdrawal issues? Neither are we. SyscoFinance doesn’t let clients withdraw their funds and doesn’t even bother to process withdrawal requests. As clients can only deposit via an E-wallet, it brings certain issues.

Once you confirm that you have received the product/service, proving that you have been scammed is a bit more complicated. That gives broker enough confidence to ignore all payout demands and suspend clients’ accounts.

If you experience something similar, let us know. Also remember the names of the EuroFX, FXORO and MyBitChain trading scams and avoid them at all costs! Moreover, always check the background of online trading companies before investing!

Traders About SyscoFinance Scam

If, so far, you aren’t convinced that SyscoFinance is a notorious scam, try reading the company’s reviews. According to clients, account managers are extorting money, purchasing cryptocurrencies, and disappearing. It seems that this company has a very specific MO – they are asking for a deposit from an E-wallet, once you invest, they are “investing” your funds in crypto, and you have no way to trace it anymore.

Note that crypto transactions are difficult to follow, and think twice before engaging in something like this with a fraudulent firm.

How Does Online Trading Scam Work?

Nowadays, anyone can open a website and claim to be a broker. That’s why confirming the regulation, reviews, and experiences of others is of utmost importance. For example, SyscoFinance has only one page on its website and lots of false information. On the other hand, they are not disclosing leverage, initial deposit, and the platform they claim to provide is false. That’s how you know that something is suspicious from the very start.

More so, if you notice suspicious activity, don’t hesitate to report it immediately!

Scammed by SyscoFinance? – Tell Us Your Story

If you were scammed by SyscoFinance or a similar bogus broker, let us know. Our chargeback specialists will look into your case and find the best money-back solution for your situation.

But What Is A Chargeback?

Anyone that has been scammed is entitled to request money back from the merchant. The success of the dispute depends on the presented evidence. So contact our support via online chat, book free consultations, and learn how to prepare for the battle. Don’t let scammers run with your hard-earned money!

What Is SyscoFinance?

SyscoFinance is a fraudulent crypto trading provider without a license

Is SyscoFinance A Scam Broker?

SyscoFinance faked 2 different regulations as it’s an unregulated firm.

Is SyscoFinance Regulated?

No, SyscoFinance has no regulations and operates illegally.

The recipe for an online scam is quite simple: a professional-looking website, “competent” documents, attractive promises, modern trading platforms… But what is this cocktail lacking to form a reliable investment firm? Let’s find out!

What About ZMarket Global Regulation?

The broker’s official website doesn’t provide any information about the license or regulation. Moreover, we are not offered any data about the company’s owners or the organization that operates all the processes. All customers are allowed to know that the company’s main office is located in Luxembourg. Well, does this mean that a reliable financial authority regulates the broker? We have done our own investigation but have found no licensing, auditing, or regulatory data of ZMarket Global, which indicates that we are dealing with an illegitimate broker.

ZMarket Global Warnings From Financial Regulators?

The first red flag indicating that the broker is an unlicensed anonymous organization is the lack of a company name in Commission de Surveillance du Secteur Financier (CSSF) databases. It is a local institution responsible for the supervision of brokers within Luxembourg. The second important evidence against the broker was that on January 10, 2022, AMF, the reliable French regulator, blacklisted the organization due to the absence of a license.

In addition, we strongly advise you not to invest in FullMarkets, CryptoSpotFX and TradingTech fraudulent brokers.

Withdrawing Issues and Bonuses

Is it possible to withdraw funds from an account opened with a ZMarket broker? According to statistics collected from reviews websites, only 1/5 of customers are satisfied with the company’s services. Is it worth the risk and getting involved in cooperation with an anonymous foreign organization? Absolutely not. In addition, here is another proof of the company’s dishonesty: they offer bonuses and too high leverage. As you know, the laws of the EU prohibit the bonus system in any form, while the maximum allowed leverage is 1:30. ZMarket Global prefers to break laws. You can find promises of bonuses in their terms and conditions, while the levagere goes up to 1:200.

ZMarket Global Web and Mobile Trading

The broker offers two trading platforms to choose from: MetaTrader5 and WebTrader. You can open positions and use all the advanced virtual instruments using the desktop and mobile versions, which is really convenient. However, offering top software can be another tricky technique to lure you into a trap of deception.

Most Of The Victims Live in France and UK

AMF’s interest in the actions of a broker directly depends on the number of deceived victims living in France. Most clients who have had negative experiences with the fraudulent broker are citizens of the United Kingdom and France. Unfortunately, most of the actions of financial authorities cannot save those who have already suffered from scammers, but they can help avoid new cases. That is why you should always check the details of the broker you are interested in.

Traders About ZMarket Global Scam

We didn’t find enough feedback from traders about this dubious organization. Neither positive nor negative. However, there are several honest reviews from expert sources who are also convinced that this broker is a scammer.

How to Avoid a Sophisticated Scam Scheme

Knowledge is power. And also a way to avoid scammers. Any fraudulent scheme can be revealed through meticulous research. Check the regulation data, look for feedback from investors, inspect the compliance of the broker’s proposals and laws. No one is immune to scams, so it’s best always to choose brokers with a 5-star rating.

Also remember the names of the SeaLTD, MigoTrade and Tetra Invest trading scams and avoid them at all costs! Moreover, always check the background of online trading companies before investing!

Scammed by ZMarket Global? — Tell Us Your Story

If you have any broker complaints or withdrawal issues, please contact our managers via Online Chat to apply for free assistance. Our experts never remain indifferent to people’s personal stories and are always here to help you get your money back and faith in honest trading.

But What is a Chargeback?

Each recovery funds company performs dozens of chargebacks every month to help scam victims get their money back quickly and effortlessly. We will help you collect strong evidence and file a claim against a broker. Chargeback is a modern way of dealing with thieves that allows you to avoid initiating a lawsuit.

What Is ZMarket Global?

This is a fraudulent organization that should be avoided when starting a trading activity.

Is ZMarket Global A Scam Broker?

Yes. In addition to negative feedback from disappointed customers, the reliable French regulator regarded the company as a 100% fraud.

Is ZMarket Global Regulated?

No, we have not found any trace of organization in the databases of reliable regulators.

This shiny new website with golden graphics certainly seemed enticing at a glance. As soon as we noticed the costs for trading accounts with this firm, however, we knew something was not right

Follow our SafeCrown review as we peel back the layers of this sham and show how rotten it all is on the inside.

 Forged Legal Information

To either confuse traders, leave a positive impression, or simply avoid legal scrutiny, this firm uses a bunch of falsified legal information. If you check out the site footer, you’ll see one firm being mentioned – New Traders Holdings. This entity is allegedly incorporated under UK laws, but it cannot be found on the UK Companies House register.

Below that, there’s more confusing information. It also says that the website is run by a firm called Corny Solutions LLC, which allegedly operates out of SVG. Inquiring with the SVGFSA database returned no results, either.

Just Part of a Bigger Scheme

There is nothing legitimate about the SafeCrown scam. Since the company isn’t even registered at the addresses they claim to exist on, it’s a question whether this entity is real.

While going through regulatory databases, we found several warnings posted on the account of their illicit financial activities. CNMV was the first to sound the alarm, but the warning was reposted by FINANSTILSYNET,  FI, FIN-FSA, FSMA, and FCA. According to the authorities, this domain belongs to a larger fraudulent group that runs websites like newtradersholdings.com, lyxmont.com, isotrader.cc, and so on.

Different Websites, Same Goal

The trio of fraudulent domains, safecrown.net, safecrown.org, and safecrown.info, were launched at approximately the same time. The oldest of the bunch is .net variant, created in February 2024, which is the only one you’ll find any SafeCrown reviews talking about.

The TrustPilot page that contains customer testimonials has an average score of 2.7 stars, despite the swindlers’ best efforts to pump up the numbers.

Here are the areas these con artists seem most interested in:

• Canada
• United Kingdom

Spend Millions and Receive a WebTrader

Despite all the praise sung in the trading platform advertisements, the software itself is borderline useless. SafeCrown platform is your basic mass-produced WebTrader, completely devoid of any advanced features. The charting feature is ripped straight from TradingView, and the interface is sluggish and buggy. It’s a far cry from its industry-standard competition like MT4, MT5, or cTrader.

Accounts aren’t very inventive, either. These are the so-called tiered accounts, with the only differences being higher bonuses, higher leverage and larger “rewards”. They are all ludicrously pricey, with the most expensive one costing a whole million:

• Basic – $5,000
• Silver – $10,000
• Gold – $25,000
• Platinum – $100,000
• Diamond – $1,000,000

Avoid These Trading Terms

One of the easiest methods to use in order to tell the difference between a legitimate broker and a fraud is by examining the trading conditions. 

For instance, EU and UK-regulated firms can’t allow leverage higher than 1:30, while the SafeCrown trading portal offers exposure of up to 1:1000. Verbex Group is another example of an illicit platform that offers similar trading conditions.

Besides that, no other fees are even remotely outlined. You won’t be able to learn about spreads, swaps, and other trading costs. Also, all legal information is kept hidden, and there is no way to access legal documents on the site.

Huge Bonuses Promoted

We all know that cybercriminals will throw all kinds of baits to lure victims into investing in their fake platforms. This sham does this, too, by offering high bonus incentives. Depending on the account type you decide to buy, your cash bonus can be up to 125%! 

Naturally, no withdrawal terms are disclosed and you will most likely be subject to additional financial extortion under various excuses related to bonuses.

Don’t Expect Any Payouts

When it comes to money flow, the single supported payment channel is Payepo (payepo.com). This completely unknown digital wallet service looks about as reliable as the broker itself. Withdrawals are handled through SafeCrown crypto transfers if they are handled at all, since there is no withdrawal policy. Additionally, fraudsters like this one and Excellence Markets aren’t exactly known to release the stolen money.

The only place you’ll find any info on payouts is in the FAQ section on the site. Besides the privacy-invading identification requirements and the 24-hour processing time, little else is disclosed.

Messages to Support Left Unanswered

You’re probably aware that reputable online investment brands display the utmost care and interest in the opinions of their clients. After all, a satisfied customer is the best proof of good practice. Sadly, these charlatans can’t even mimic a well-established brokerage powerhouse. 

That’s because no one tends to the client’s needs. The only way to get in touch with the support office is via an online form, but no one replies to the inquiries anyway!

Get Your Investment Back!

Do you feel your entire deposit is stuck on this unscrupulous investment website? Do countless issues come up when you attempt to make a withdrawal? That probably means you’re being targeted for a scam.

To avoid legal turmoil and headaches related to chargebacks, you can rely on our team of recovery experts. Our chargeback professionals can help you recover your lost investments, so contact us without hesitation.

FAQ

Is SafeCrown a Reliable Forex Broker?

No, it is a fraudulent website with an unknown ownership structure. Never invest funds in unregulated companies!

How Can I Recover Money From Online Scammers?

Request a free first consultation by using the live chat on our website. Our legal team will walk you through the fund recovery procedure.

In contrast to the heavy advertising and faux statements, this broker is no game-changer in the sea of other Forex providers. Refined competitive trading environments are only offered by legitimate investment powerhouses, not textbook scams. 

You’ll quickly change your mind about this firm once you read the remainder of our MoneraCap review. Crooks don’t get blacklisted for nothing, but if it’s any comfort, your stolen funds can still be recovered.

Broken Site Reveals Nothing

Considering that the majority of the pages on this website are deleted, finding out more about who operates the project was a real piece of work. The half-broken site barely functions, yet the MoneraCap broker dares to call their service diverse and rich.

Because all of the links to legal documents and company information are inactive, you will not be able to learn more about the firm background. There is one address in Switzerland listed on the site, but there’s no evidence in the Swiss business register that this firm even exists. The same results came up when we looked at the UK Companies House register, since that website provides a phone number for that country.

Scam Spotted

Diligent financial watchdogs usually don’t take long to recognize a fraudster and take regulatory action. That is exactly what CNMV has recently done. Along with several other similarly-functioning cons, the MoneraCap crypto scam has also been blacklisted as unauthorized. 

In order to offer EU clients their investment services, firms have to acquire a license, which means they provide segregation of funds, compensation plans, and negative balance insurance. The fact that the business is now blacklisted means that you won’t be able to invest safely on their platform or make any money at all.

Reasons for the CNMV Alert

The investment scheme we’re reviewing has been stealing deposits mostly from traders in the following countries:

• Spain
• Germany
• Netherlands
• Poland

Although the website is relatively new, as it’s only been operating since September 2024, it’s understandable why CNMV has flagged it as illicit. This also explains the absence of MoneraCap reviews online.

The unscrupulous entity has primarily been targeting Spanish investors, but no one is truly safe. If you find yourself unable to make any withdrawals from this site, please contact us promptly.

No Value on Offer

Sometimes, it is hard to distinguish lies from the actual state of things when empty promises constantly bombard you. These charlatans boast about having a diverse range of trading accounts, yet there is no evidence that this is truly provided. 

Protected trades, free withdrawals, and bonuses are some of the alleged features, which, even if they were available, wouldn’t justify these ridiculous prices:

• Basic – $250
• Silver – $5.000
• Gold – $25.000
• Platinum – $100.000
• VIP – on inquiry

Immediate Folex has somewhat similar pricing, so don’t trust the authenticity of their offer, either.

AI Trading – Another Hoax

The MoneraCap app is actually advertised as a premium AI trading software that is supposed to make educated investment decisions on behalf of traders. All you have to do is deposit cash and sit back while this remarkable technology piles money for you. 

While it’s easy to spew lies in order to manipulate people into throwing their cash away, these miscreants don’t have a single proof for their claims. We didn’t see a single display of this amazing software anywhere on the site, and the download links are inactive. 

Not Straightforward

Instead of being honest and transparent about the costs they charge, these swindlers only create an illusion of straightforwardness. Rarely anything is defined clearly when it comes to concrete trading conditions.

For example, the maximum leverage seems to be 1:50, which is somewhat within certain regulatory limits. All other MoneraCap trading terms remain hidden. What’s worse is that scarce legal documentation only makes mention of “trading commissions, account maintenance fees, withdrawal fees, and other applicable charges,” but none are shown.

Getting Your Funds Back

Everything pertaining to payouts on this site remains a complete mystery. We were unable to locate any documents that explain how the MoneraCap withdrawal works. That most likely means that no payouts will be allowed at all.

The only time T&C mentions withdrawals is to say that the following payment methods are supported:

• Bank transfers
• Credit/debit cards
• Electronic payment systems

Which exact channels are available is not known. Payout processing time and fees are also kept secret, and it is only stated that they depend on the transaction method chosen. Lynx AI also lacks honesty concerning this subject, so avoid them as well.

No Point in Reaching Out

Good luck if you’re facing difficulties concerning account funding or platform functionality. You’re all alone in it, as the customer support office is non-existent.

First off, the web page titled “Contact Us” will take forever to load. There, you will find an inactive phone number and an email address no one opens. No other details on the site point to specific contact information or particular details, so there’s absolutely no way to get in touch with customer service. 

Chargeback is Still Possible

We understand your disappointment, anger, and frustration. However, dwelling on it for too long may mean your funds are lost forever. That’s why we encourage all scam victims to contact our recovery agents and book a free consultation.

Our professional team can track where your deposits have landed and help you build a chargeback case. We are always available, and you may contact us at your convenience.

FAQ

Who Owns The MoneraCap Broker?

It remains unknown who is behind this scheme. They allegedly operate out of Switzerland, but the exact company name is not revealed.

Is There A Way To Get My Money Back?

As long as you act quickly and contact our recovery experts as soon as possible, we may be able to help you start a chargeback procedure and retrieve stolen assets.

When traders invest with anonymous firms, it’s like throwing money into a fire. The money simply disappears, especially if the company is not properly regulated.

All these little details can guide you in making a proper decision about what trading companies you should choose. Thus, if you are inexperienced, you have to watch out for a few dirty tricks. Stay with us because we’ll reveal them all in this Achievers World FX review.

Legal Info: Is Achievers World FX Legit Or A Scam?

Achievers World FX is allegedly based in Greece—at least, that’s what the company’s website shows. They also mention being registered in 2016, but these details can’t be true, primarily because the company’s domain was registered in 2022. The only possible thing is that they were running a different brand that was exposed as a scam.

Fairly, you can expect that from this one as well. In the first place, the company is not regulated, especially not by tier-1 authorities like FCA, BaFin, CFTC, or similar. And secondly, because the Canadian CSA issued a warning against them in October 2022.

Who Are Achievers World FX’s Victims?

Generally, when a company exists for 8 years, there should be some reviews about it. Sadly, Achievers World FX reviews don’t exist. That’s surprising even for a company registered in 2022. Luckily, with all the tools available nowadays, our research team found the countries that are the primary targets of this investment firm. Those are: 

• Germany
• United Kingdom
• Spain
• United States
• Austria

All these countries have top-tier regulators and none of them issued a license to this scam company. Therefore, we suggest you apply for a chargeback as soon as possible. But first, book a free consultation with our experts to find out what are the necessary steps.

Leverage, Commissions, Spreads, Fees and Taxes

One reason you shouldn’t trust Achievers World FX investment firm is that it is completely opaque about operating costs. According to its presentation, it generates income for traders and doesn’t get anything in return. 

Simply, that doesn’t make sense. Every business includes some fees or commissions. With this in mind, you know there will be trouble regarding payouts.

Bonuses

Getting any bonuses from a company that generates free money for investors is kind of absurd. Thus, with companies like this, you can literally expect anything. Their goal is just to get as much money as possible from their users. And bonuses are one of the ways to do so.

Achievers World FX Trading Features

The most advertised feature here is the Achievers World FX crypto and Forex trading. Of course, they will do all the investments on behalf of investors and give them up to 3% daily returns. The problem with these offers is that they fairly look like a Ponzi scheme.

Trading Platforms Available

Another huge issue with this company is the legitimacy of investing data. Practically everything in the company’s dashboard can be modified to look legit. 

However, when you know the company is not licensed, you can be assured they are not investing legitimately. Therefore, after completing the Achievers World FX login process, you can only expect fictive details.

Available Trading Assets

One of the reasons why the company focuses on only two asset classes is arbitrage. It’s the fastest way to get the money out of traders since arbitrage trading truly makes sense. But only with trusted firms. Anyway, it looks like the company only invests in: 

• Forex – USD/GBP, EUR/JPY
• Cryptos – BTC, BNB, ETH

Account Types

Most features in the Achievers World FX account types are quite similar, starting with contract length and automatic reinvestment after package expiration. However, the difference comes from daily returns and minimum deposit requirements. These are the details that expose this Ponzi scheme. 

Anyway, you can choose: 

• Prima – $200 minimum / 1.75% daily
• Evergreen – $5.200 minimum / 1.9% daily
• Aggressive – $20.200 minimum / 2.1% daily
• Angel – $50.200 minimum / 2.3% daily
• Moon – $200.000 minimum / 3% daily

Mobile Trading App

More disappointment traders can experience when they realize the Achievers World FX app for mobile devices doesn’t exist. Even though it doesn’t make a big difference, it shows a bit of professionalism if the company offers trusted iOS and Android apps.

Demo Account

With a minimum deposit requirement of $200 and zero proof of work, traders might expect a demo or trial account option. Unfortunately, that’s not an option with this company. But at least you get a hint that you shouldn’t trust them.

Education

Even though the company invests on your behalf, having proper investment education makes a huge difference. However, the only reason this company doesn’t have any is that they want to keep traders uninformed. Otherwise, everyone would know they are an absolute scam.

Achievers World FX Withdrawal

Since legal details are missing, the withdrawal policy is non-existent. Consequently, the company can make up any excuse not to approve any payouts, even though they mention that the payouts are instant. 

All in all, at first glance, if you encounter an issue such as verification problems or non-existent fees, you should apply for a refund.

Customer Support

According to the company’s presentation, their support is available 24/7. Thus, only via e-mail and web contact form. If you want to reveal their hidden phone number, allegedly protected from spam, you’ll have to ask them directly. 

Still, with zero transparency from Achievers World FX scam company, you shouldn’t rely on their support.

Key Information To Consider About Achievers World FX

The first reason not to trust this firm is a lack of regulatory oversight and a warning from a trusted regulator. On top of that, they promise returns, hide legal and contact details, and manipulate traders through affiliate programs. All in all, zero reasons to trust this firm.

We recommend you withdraw your money immediately, and you will recognize all the scam signs we mentioned. If any of those happen, get in touch with our refund experts to get step-by-step guidance on the refund process.

FAQ Section

What is Achievers World FX?

Achievers World FX is an investment firm allegedly registered in Greece that has been operating since 2022 and not 2016 as they claim.

Is Achievers World FX Legit?

Not at all. The company guarantees big returns and operates without a license. Getting scammed is pretty much expected.

Who Owns Achievers World FX?

Achievers World FX company doesn’t reveal its ownership details. If you have issues with this anonymous firm, get in touch for refund assistance.

While online trading can be pretty profitable, investors should be on constant watch for fraudulent firms. Since there’s a lot of money, there are a lot of scammers too. Before investing a penny, ensure to check your brokerage, confirm that it has all the necessary regulations, and only then let yourself be involved. 

Read our detailed Trade Unity review and find all the reasons against the brokerage.

What is more, we strongly advise you not to invest in FTM Trade, AktienAG and EarningCrypt fraudulent brokers.

How Safe Is the Trade Unity Platform?

The broker is an anonymous financial services provider. We have no information about the company owner, the legal jurisdiction, and the basic legal documents are inaccessible. Simply said, it’s not safe. 

From the FCA warning we found, it seems that Trade Unity pretends to be a brand of Trade Unity Capital, a part of UK-regulated Unity Trade Capital Ltd. However, this is false information. If the broker tries to convince you about legitimacy, don’t buy it; you’re exposing your funds to risk.

With everything being said, it’s clear that Trade Unity is an unregulated attempt of a trading website.

Reasons Not to Trust an Unlicensed Broker

There are plenty of reasons to avoid unlicensed trading firms. These companies do not follow any rules, can provide risky trading conditions, and disappear with your funds. Without an authority body and a compensation fund, you have low chances of recovering your hard-earned money if something goes wrong.

So Is Trade Unity a Decent Broker or a Scam?

Trade Unity is not a legitimate investment service provider. The company is entirely anonymous, while the UK FCA has issued an official warning since it appears to be a clone firm of a UK-regulated brokerage.

Warnings From Financial Regulators

Upon receiving numerous complaints, the UK regulatory body issued an official warning. It seems that the firm employees were telling clients that the brand is a part of an FCA-regulated brokerage. Thus most of them filed a complaint with the FCA when they couldn’t withdraw their money.

Since the broker is a clone firm, the FCA could not reimburse victims but only issue a warning against the Trade Unity trading scam.

What Do Traders Think Of Trade Unity?

One may think that the trading company is a good brokerage based on its reviews on Trustpilot, Facebook, and other social media. However, take a look at the company’s profile. It’s not verified, and the broker is not replying to bad reviews. Therefore, they’re trying to collect as many good ones as possible, written by their employees, while they don’t bother to answer those who are really defrauded.

Most negative reviews refer to clients’ inability to get their money back after being dragged into the scheme.

Trade Unity WebTrader Platform – Software Tools

If you’ve ever been involved with an unregulated broker, you’ve seen this exact WebTrader. The broker uses the same software as many others, branding it with its logo. Customers can see available trading instruments, apply several indicators on three chart types, and get market alerts. Nothing beyond basics.

What Is The More Efficient Software?

Whether an experienced investor or a beginner, we recommend MetaTrader if you’re about to start trading. Both MT4 and MT5 have plenty of trading tools, including EAs and social trading. Anyone will find this software quite satisfying, enabling you to customize your trading, create your own strategies, and more.

Trade Unity Accounts Overview

The trading accounts look similar to what other bogus firms offer. Each gives unregulated trading conditions and promotes the firm. Here’s what you can get:

1. Starter – 250 EUR
2. Basic – 2,500 EUR
3. Advanced – 25,000 EUR

The leverage ranges from 1:200 for the Starter account to 1:400 for the Advanced one. Other than that, perks are the same – 24/5 support, WebTrader, and over 200 trading assets.

Trade Unity Broker – Countries Of Service

As per our research, Trade Unity broker mainly targets European citizens. The majority of reviews come from:

• Germany
• Switzerland
• France

Wherever you reside, note that Trade Unity doesn’t have a valid financial license.

Also, remember the names of the XE Prime, CoinEvo and Tower Bridge trading scams and avoid them at all costs! Moreover, always check the background of online trading companies before investing!

Trade Unity Range of Trading Markets

Trade Unity provides customers with access to most major markets, excluding cryptocurrencies. This can be considered a significant disadvantage in today’s trading climate, where crypto is one of the most tradable assets. You can access the following markets:

• Forex – EUR/USD, AUD/CAD, GPB/CHF
• Commodities – gold, corn, soybeans
• Indices – S&P500, DJIA, DAX30
• Shares – TSLA, GOOGL, BAC

What Trading Terms Does Trade Unity Offer?

Since the firm is unlicensed, it can choose its own trading terms. Therefore, we have an unregulated leverage ratio and high spreads.

About Leverage and Spread

The leverage ranges from 1:200 to 1:400, depending on the account type. Just for comparison, the EU and UK regulators have a strict leverage limit of up to 1:30. In contrast, in Australia and the US, this limit goes up to 1:50. While leverage can increase your potential earnings, it can also increase your losses. The spread starts at 3 pips for EUR/USD pair.

Minimum Investment Amount

Trade Unity requires a minimum deposit of 250 EUR. While this would be a standard requirement if the firm were licensed, it’s too high for bogus brokerage.

Trade Unity Deposit, Withdrawal Methods, and Fees

The broker has never specified deposit or withdrawal methods or fees. Since the Terms and Conditions cannot be accessed, we cannot gather the information. Note that scam firms will usually ask you to deposit your funds using crypto since these transactions are virtually untraceable and not subject to a chargeback.

Always stick with credit/debit card deposits. If something goes wrong, you have up to 540 days to file a dispute and get your funds back.

Scammed by a Trade Unity Broker? – Let Us Hear Your Story

If you have been a victim of the Trade Unity scam, know that you’re not alone. We’ve assisted numerous online trading fraud victims in filing a dispute for a chargeback and recovering their funds.

But What Is A Chargeback?

This is a way for your bank to reverse card transactions and get your money back from the merchant. For more details, contact us via online chat to book a free consultation with our experts. Let’s start right away.

What Is Trade Unity?

Trade Unity is a Forex and CFD trading provider without financial regulations.

Is Trade Unity a Scam Broker?

Trade Unity is a scam brokerage blacklisted by the UK regulator, FCA.

Is Trade Unity Available in the United States or the UK?

The firm provides its services to UK residents but doesn’t operate in the US.

Does Trade Unity Offer a Demo Account?

No, Trade Unity doesn’t offer a Demo account, only a platform overview.

E Forex is the suspect of our today’s review. Read a detailed analysis of the investment company to understand whether it is legitimate and whether you need to cooperate with it.

What About E Forex Regulation?

When visiting the official EForex broker website, you will definitely notice a separate section related to achievements and certificates. However, should we trust logo pictures without any trustworthy evidence? Let’s find this out.

Apart from the fact that the official website remains silent about management, you’ll find quite strange content in the ‘About us’ section. Although the site’s default language is Vietnamese, users are offered an English version.

As for the English passages, they are completely illiterate and disgustingly translated, despite the words “professional” repeated several times. In addition, most of the content is not available in any other language besides Vietnamese.

A negligent strategy of creating content indicates a lack of interest in caring for international potential leads, so it seems like the site is hanging on the net aimed at random inexperienced risk investors.

E Forex Warnings From Financial Regulators

So, they present themselves as a reliable company regulated by ASIC and Vanuatu. Our experts checked both databases but were confused. ASIС claims that the organization has been deregistered. 

In addition, we can observe the classic image of fraudulent broker registrations without any detailed information about the owners and addresses. 

As for Vanuatu, there is no more information in the PDF file attached to the main registration data than is available on the suspicious broker’s web page. No location data, no updates on Ho Chi Minh City and Kuwait City offices, and no public information about the owners.

In addition to the above, we strongly advise you not to invest in IdealinvestFX, TradingTech and Smart Trade Group fraudulent brokers.

E Forex Trading Instruments

EForex claims that their clients will be protected by a reliable MT4 trading platform, which is their only significant advantage so far. Indeed, MetaTrader 4 is an excellent choice due to its wide functionality, the ability to build detailed charts, use trading assistants and install additional software.

However, we cannot be sure that this is not just another trick of scammers to create an image of a trustworthy company, so we would recommend cooperating with regulated brokers offering the same conditions.

Withdrawing Funds Issues

According to complaints from previous clients, problems will start as soon as your investment begins to generate income. As it often happens in the case of deceiving brokers, you will be charged extra money, taxes, percentages of earnings, etc.

So, if you are faced with an organization that inclines you to pay commissions that weren’t mentioned in terms of cooperation, you probably won’t see your investments in your bank account.

Most Of The Victims Live In Europe

Doubtless, the claims of the scammers about certification, which is so important for EU citizens, make them believe in broker’s reliability. Most of the deceived people are citizens of Italy, Spain, and Portugal, while we still have no idea about the physical location of the company’s owners.

Traders About E Forex Scam

We found some reviews from dissatisfied traders available in open sources. Among the most widespread problems were ignoring clients’ issues by tech support, unreasonable closing of positions, and, of course, the sudden disappearance of managers after questions about the withdrawal of funds.

While we didn’t find much feedback, 100% of what we’ve seen was negative.

How Do Scammers Manage to Deceive People? 

There is no universal structure of investment fraud, but we know for sure that organization’s managers are experienced manipulators who don’t care about your financial status, life hardships, and morality itself. For them, only your money matters. So throughout time, their methods become more sophisticated, and people don’t always understand that they are being defrauded.

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

Scammed by E Forex Trading Company? – Tell Us Your Story

In contrast to our antagonists, our team of experts is never indifferent to any story. Our experienced professionals are glad to hear your claims regarding the scammers you are facing at any time.

But What Is A Chargeback?

Chargeback is what will return you faith in trading and a happy life without worrying about financial troubles. Contact our team in any way convenient for you, and we’ll do our best to solve your problem.

What Is E Forex?

EForex is a “society” that positions itself as a reliable broker offering a wide range of opportunities for trading and increasing capital. However, their statements have little to do with reality and are fake.

Is E Forex A Scam Broker?

It is definitely a fraudulent association as it turned out from our research and numerous complaints from deluded retail traders.

Is E Forex Regulated?

We didn’t find any regulatory data that would point to the reliability of this organization, since the EForex trading company doesn’t have any secure licence.

Atomic Trade is a broker that claims to provide FX and CFD trading services. Yet, they are completely anonymous broker without any essential information provided. Furthermore, their non-competitive trading conditions may make it difficult for professional traders to make deposits with them.

If you want to gain a complete understanding of this broker, it’s essential to read this Atomic Trade review thoroughly.

Also, avoid the trading frauds Atomic Trade, Volofinance, and Skilling at all costs! Moreover, before investing, always look into the past of internet trading firms!

Bitchain Is A Fraud Broker Without License?

As anonymous broker, we can’t guess what country regulations they comply with. Therefore, we are checking only the most trusted ones. Like FCA, BaFin and ASIC.  As expected from a broker like this, they are not in any of those databases.

Furthermore, there is the first sign of a scam. With this in mind, you know that you can’t have any fund protection measures here. From guaranteed stop loss, negative balance protection or anything more demanding than that. All funds that traders deposit here are already thrown away.

Unlicensed and anonymous broker. They don’t provide any legal information about their ownership. Uncompetitive trading conditions and trading software. There are no pros.

Warning Issued by Financial Authorities

Additionally concerning fact is the warning from the Canadian CSA. Since February 2023 they are on their warning list for unauthorized activities.

As that being said, it’s just a matter of time when other regulators will expose this investment scam. Check it out yourself.

The Opinions of Traders On About Bitchain

Another key point is that 85% of reviws on Trustpilot are with a 1-star rating. Even though it’s only 13 in total it’s quite relevant.

Most traders complained about withdrawal issues. Primarily, brokers don’t allow withdrawal until they stop responding to any communication.

What Platforms Does Bitchain Offer? – Available Trade Software 

Trading software plays a key role in choosing a broker. Many traders are looking now for algorithmic and copy trading.

Those are mostly available with Meta Trader and some other platforms. Yet, this broker doesn’t have any of those trusted software. But only a proprietary platform.

Web Trader

Bitchain trading company only offers poorly designed web-based software. Because of its fairly unattractive features, it’s not good even for beginners.

Only basic indicators and charting options are available. Moreover, it’s eligible for market manipulation. Which makes it even more dangerous.

Bitchain ‘s Trading Assets and Instruments

Bitchain broker proudly presents access to all 5 major instrument classes. However, without reputation nothing becomes relevant. Those classes are:

• Currency pairs (Forex)           GBP/EUR, USD/SGD, EUR/NOK
• Indices                                  UK 100, US 500, AU 200
• Shares                                  Amazon, General Motors, Walt Disney
• Commodities                        natural gas, crude oil, cotton
• Cryptocurrencies                   BTC, BCH, BNB

The scary fact about trading here is the leverage of up to 1:600. This can wipe your account balance in a blink of an eye.

Bitchain Countries Of Service

As you can see from many Bitchain reviews, they are not quite an honest broker. They are mainly scamming traders from:

• Germany
• United States
• Nigeria
• Brazil

Germany and the United states primarily have very strict regulations. It’s just a matter of time before this broker is going to vanish.

Bitchain List of Account Types

The broker has listed 7 account types. What they offer is:

• Basic            $250
• Bronze          $5.000
• Silver            $10.000
• Gold             $25.000
• Platinum       $100.000
• Diamond       $250.000
• Black            On request

Mainly benefits are coming from advisor support, webinars and educational materials. Traders don’t get any trading benefits or better trading conditions. Important to realize is that it takes 5 business days to approve a withdrawal with a basic account.

Information About Demo Account

As expected from a shady broker like Bitchain, they don’t offer a demo account. Not only that but not even micro-accounts.

Therefore, traders don’t have any risk-free options. Which is crucial to determine if the broker suits your needs or not.

Negative Balance Protection

In general, the regulation requires the broker to have strict trading conditions. They are mostly protecting traders. One of the features is negative balance protection which prevents traders from getting into debt.

However, Bitchain scam broker doesn’t have that feature available. So, don’t be surprised if they tell you that you owe them money.

What Kinds of Bonuses Does Bitchain Offer?

This scam broker provides traders with welcoming bonus. The bonus range from 35 to 75 percent of the initial deposit. These are heavily banned worldwide. Especially in the EEA zone.  

The main reason for that is a hidden clause that traders don’t know. In fact, they need to make trading volume 30-50 times bigger. Only then they can request a withdrawal.

Terms of Service for Bitchain

All terms of service are questionable with this broker. They don’t have regulation and whatever they say is fictive.

From funding methods, they only accept debit/credit cards and cryptos. It’s worth mentioning that due to AML policies traders need to request a withdrawal with the same method used for a deposit.

Leverage, Spreads and Fees

A leverage of 1:600 violates for instance all EU regulations. Spreads starting from 3 pips are quite unattractive. Especially with the industry average of 1.5 pips. Moreover, they have insanely high fees. Primarily for withdrawals $35 and a 10 % fee for an unreached target. 

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

You are not the first or last that got scammed. But it’s important to share your experience. Only that way traders can know what to expect. Let us know what happened to you. In the best case, we can assist you with our fund recovery expert team. Get in touch now to book your free first consultation!

What Is the Chargeback Procedure?

We always suggest traders make deposits with debit/credit cards. In case anything goes wrong you can file a chargeback request. However, you can only do that in a certain period. Don’t let them get away with it. Contact us!

What Is Bitchain?

Bitchain is an anonymous trading company without any credibility for providing its services.

Is Bitchain a Scam Broker?

Yes. Unlicensed broker with a warning from the regulator and many negative reviews.

Is Bitchain Available in the United States or the UK?

Bitchain broker only offers services to US clients, but not UK ones.

Does Bitchain Offer a Demo Account?

No. Traders don’t have any risk-free option for trading with this broker.