The site operated by this company may look nice and fresh, but it hides a dark secret. This dangerous boiler room actively targets beginner traders looking to make quick cash overnight. The entire scheme is set up to keep dragging its victims down until it clears out their entire bank account.

Follow us as we analyze the dangers of online fraud and find ways to recover lost money. Our TradeState review will show you all.

Another SVG Entity

The website operated by the TradeState broker is located in Saint Vincent and the Grenadines. The small offshore nation is famous for its local regulator that doesn’t supervise online trading activities. 

This means that firms can be legally incorporated but not licensed to operate as brokerage agents. Sadly, because the jurisdictional authorities do not sanction illicit activities, financial fraud runs amok. Indeed, after checking with SVGFSA, it turns out that the entity does exist and it has entered the register under the name of TRADE STATE GROUP LLC. Registration number (3275) checks out with the regulator’s database.

Authorities Alert Traders

As we’ve already discussed, it isn’t enough for a brokerage brand to just register their business. They have to obtain a license from a financial authority and be under legal supervision. Obviously, this little sham broker isn’t.

Multiple public warnings were issued on account of how the TradeState Forex dealer conducts business and which trader group it targets. Since the website is primarily in Spanish, the jurisdictional regulator in that country was the first to publish an alert. The CNMV warning was quickly reposted by FI, A-TVP, FSMA and FIN-FSA. This solidifies our doubts about the real intentions of this false online trading platform. It is evident that no security measures are implemented and traders risk losing their entire deposits. 

Target Areas Revealed

The company’s website, trade-state.com, has been operational since October 2023, which is why we couldn’t find any TradeState reviews. The people running the con circle mostly focus on targets from these areas:

• Spain
• Australia

This doesn’t mean that the swindlers don’t contact marks from other nations as well. If you’ve had a run-in with these cyber criminals, contact our recovery experts as soon as possible!

Costly Accounts and Broken Download Links

The account types are tiered and offer very little in return for an exponentially higher required deposit. Here’s what they cost:

• Standard – $200
• Pro – $1,000
• Master – $5,000
• Elite – $10,000

Downloading any actual trading software from Trade-State.com is an impossible task. Instead of a trading platform, you get a .pdf file, which contains additional links. These, in turn, contain keywords for numerous known fraudulent brokerages – and none of them to a software download page.

A demo is allegedly available as well, but the lack of any tangible app makes this moot. However, that doesn’t stop the cons from claiming to offer access to these instrument groups:

• Metals – Gold, Silver, Platinum
• Stock CFDs – Tesla, Meta, Ford
• Commodities – Wheat, Cocoa, N.Gas
• Crypto – BTC, ETH, LTC, LUNA
• Indexes – NASDAQ, IBEX, CHINA50

Trading Terms Scream Scam

As widely known, trading conditions offered in the EU, UK, and similarly regulated countries have to limit maximum leverage to 1:30. That’s why you’ll immediately recognize WellVest.pro and the TradeState scam for their leverage of 1:500 and potentially even more.

Alongside the increased exposure, spreads vary from 2.6 pips for the starter account to 0.8 pips for the most expensive package. Unfortunately, no other clarifications were made regarding costs, fees, and hidden taxes, which is yet another red flag on its own.

Withdrawals Get Stonewalled

Accessing the client area, we have managed to learn the supported payment methods to be bank transfer, cryptocurrency transfer, and an e-payment provider called FairPay. For withdrawals, only bank transfers and crypto transfers are available. As expected, there is no automatic payment processing, and clients need to fill in a form and hope for the best.

What’s worse, the Terms and Conditions document is a single page long and never outlines any TradeState withdrawal policy whatsoever. Ultimately, you’ll have to go through the person who pestered you to invest in the first place and risk falling for an up-front fee scam.

Automatic Responses Only

Trying to get in touch with customer support is a futile business. Although there are several channels allegedly supported, your questions won’t be answered whatever you do. 

We tried to send an email and fill in the online form, but no response ever came. All we ever got were automated system responses pertaining to creating a new account.

The only way to actually reach out to the customer support office is through whatever agent recruited you in the first place. This isn’t a smart thing to do, as you’ll only subject yourself to more manipulation and extortion.

I Got Scammed! What Can I Do Now?

Unfortunately, there are numerous deceitful companies like this one or CustomTrade that are only looking to take advantage of traders. This website doesn’t provide any service or product and instead exists only to steal your money.

If you’ve invested any funds with this fraudulent entity, feel free to seek help from our expert team. You may reach up at any time by using the live chat, and book a free first consultation at your convenience.

FAQ

Should I Trust This Broker?

If you wish to trade safely and gain profit, you should not deal with this portal. It’s been blacklisted multiple times!

What is the Minimum Deposit on This Platform?

The minimum amount you can invest to start trading is $200. However, should you face issues while trying to take your deposit back, contact us promptly.

The flashy site hosted by this so-called online broker is created with the sole purpose of making a good first impression. Once you take your time to scratch the surface, though, you’ll notice just how hollow everything is.

Unfortunately, different links that lead to the same page and missing website objects are the least of your worries. Read the remainder of our EasyAlgo review to learn more about how to recognize an online fraud and recover money from one.

 A Fake Company With Falsified Credentials

If we are to believe the swindlers operating this hoax platform, the easy-algo.ai domain is owned by a Cypriot firm called EasyAlgo Ltd. EU & UK. Inquiring at the Cyprus Company Registrar shows that the registration number is completely bogus. Whoever runs the site has gone to great lengths to completely obfuscate any other information. The Terms of Use document, for instance, does not exist on the site.

All of this tells us that we are dealing with a dangerous anonymous group. The sole purpose of the EasyAlgo AI scheme, just like with Stonley Trading, is to rob you blind.

Blacklisted By Several Regulators

Every broker-dealer company registered in Cyprus must have a valid CySEC license to offer their services. Since the firm is not even registered as a business entity, it naturally means that it cannot be a license holder.

The next problem is the alleged EU and UK branches. While CySEC licensees can have their authorization extended to include a MiFID II passport, any companies operating in the UK must be authorized by FCA as well. In this case, as you might have guessed – there is no FCA authorization. Searching with other regulatory bodies in the EU, we discovered several investor warnings. These were published first by CNMV, and then forwarded by FSMA and A-TVP.

Recent Trading Fraud

The problematic website was first created in October 2024, but still, you’d expect a few EasyAlgo reviews here and there. In this case, there are none.

The majority of fraud victims are people from these countries:

• Canada
• Germany
• Spain
• France
• United Kingdom

Do not shy away from pursuing justice! Contact our legal team via the live chat and start working on getting your money back from these schemers!

Insultingly Bad Offer of Tools and Features

With the amount of advertisements and promotions related to an allegedly supreme trading platform, we expected to see some state-of-the-art software. Alas, while exploring the client area, we stumbled upon a rudimentary web app. The same web trader can be found on countless other fraudulent sites. It supports only a few simplistic operations and tools. There’s no sign of the exceptionally competent technological miracle that was supposed to feature separate versions for CFD and ETF trading.

Account types also promise to provide numerous attractive features like free signals, webinars, and 1-on-1 education, but you shouldn’t trust these empty words. Here are the prices:

• Basic – 250 € 
• Silver – 5.000 €
• Gold – 25.000 €
• Platinum – 250.000 €
• Managed – invitation only

All Fees Are Hidden

Starting leverage, according to the platform, is capped at 1:10, although buying any of the account types can significantly increase it. Therefore, the maximum exposure is set to 1:400. No other trading parameters are displayed anywhere on the site except for the EasyAlgo TradingView imported data.

Fraudulent firms aren’t exactly known for their transparency, so it’s no wonder we couldn’t find any information on costs. When these crucial elements are missing, you can expect hidden fees and other ruthless conditions to be used in order to prevent you from requesting a payout.

Not Likely To Allow Withdrawals

Immediately after account creation you will be redirected to the payment page inside the client area. No KYC, just cough up the cash as soon as possible.

There are two separate tabs, allowing victims to deposit via fiat or cryptocurrencies. However, there are no actual dialogs or forms that one could use to make a deposit. This is done so the currency flow is strictly controlled by the swindlers. Any notion of an EasyAlgo free giveaway is just a lure for unwary traders.

Since there is no Terms document, there is no withdrawal policy either. Still, clients may opt to request a withdrawal from the client area, but with no automatic payment processing, you’re basically shouting at a wall.

No Support When You Need It

The website itself does not feature any live chat, nor are there any call center phone numbers listed. The only way to contact the firm, then, is to either send an email or fill in a contact form.

No matter which of the two you choose, it is unlikely anybody will call you back. The fraudsters have designed the scheme so that once they cut you off, you can’t get back at them.

We Help Scam Victims!

Everything that seems out of place with this firm is all by design, as is the case with QWEBank.com scheme. Many people, including participants in the EasyAlgo Reddit discussion, have already complained about this con-circle’s predatory behavior.

If you’re one of thousands of victims of this scam, feel free to contact our recovery experts. We are available around the clock and offer the first consultation absolutely free of charge.

FAQ

How To Withdraw Funds From This Site?

Swindlers won’t allow you to take your money back from this portal. Please consult our legal professionals for help with chargeback.

What Is The Minimum Deposit Required?

As the site suggests, the smallest amount of money you can start trading with is 250 €.

The website claims that LionTrader is a legitimate New York-based broker offering ideal trading conditions with a wide range of trading instruments from forex to metals. However, the broker simply isn’t regulated anywhere, most definitely not in the United States or the United Kingdom, which essentially means that we are dealing with a blatant scam.

We have looked up the contact information for the company’s representatives but to no avail. It implies that these scammers are very anonymous. They have the ability to steal your money at any time and vanish altogether.

What is more, we strongly advise you not to invest in DashStamp, Solana Markets and Gis Capital fraudulent brokers.

Is LionTrader a Licensed Broker? 

LionTrader claims to have a New York City headquarters, a London office, and all necessary licenses and authorizations.  All of this sounds wonderful, but it is simply untrue. Neither the US nor the UK has any regulations concerning LionTrader. 

We checked the registers of the relevant local regulatory bodies, including the FCA (Financial Conduct Authority) in the UK and NFA (National Futures Association) in the US. However, no organization or broker going by the name of LionTrader could be found there. Using that data, we came to the conclusion that LionTrader does not have Tier 1 regulation. 

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

It would be awful to lose money to scammers. By signing up with and making investments with an unlicensed broker, you are essentially wasting your money on an illegal and utterly pointless venture. There is no reason for it. We advise our readers to rely on European, UK, US, Australian, or any other licensed brokers for that matter.

Worldwide regulated brokers offer several services that unregulated brokers are unable to, including consumer protection, protection against negative balances, reports on every transaction, segregation of client funds, and many more services.

Is LionTrader a Licensed Broker Or A Fraud?

LionTrader is an unlicensed Forex and CFD trading provider. The company claims to be regulated and licensed, which we confirmed is not the case.

What Trading Software Does the LionTrader Broker Offer? 

The webpage contains no trading software at all. All visible links point to the same source of irrelevant “website construction toolkits.” Is this a joke or a clever marketing ploy? All we know is that LionTrader.io moves further and further away from the definition of a broker.

Furthermore, there is no way to verify that the trading information is accurate without having access to the user section of the website, as there is no real evidence of any software on the site operating as a trading platform.

LionTrader Accounts Overview

LionTrader appears to be offering six account types. Here’s a small overview of all the accounts offered:

• Standard – $300 deposit, leverage 1:200, 1.2 spread.
• Gold – $500 deposit, leverage 1:200, 0.7 spread
• Premium – $10,000 deposit, leverage 1:200, 0.5 spread

• Standard – $500 deposit, leverage 1:200, 1.2 spread
• Gold – $1000 deposit, leverage 1:200, 0.7 spread
• Premium – $50,000 deposit, leverage 1:200, 0.5 spread

LionTrader – Countries Of Service

Liontrader is scamming traders in the US, UK and Canada. We have received numerous complaints from traders in those countries against this broker. As a result, we urge our readers to avoid this broker when deciding where to invest. Better safe than sorry.

Also remember the names of the AFX Trade LLC, AktienAG and Finvis trading scams and avoid them at all costs! Moreover, always check the background of online trading companies before investing!

What Is Known About LionTrader’s Trading Conditions?

With a normal account and no trading commission taken, the spreads advertised in the LionTrader presentation start at just 1.2 pips. As far as the maximum leverage is concerned, it is said to be as high as 1:200. But the reality is that the website is not trustworthy being unregulated and all remains unchanged.

On the LionTrader website, there is no info concerning payment methods, and since we were unable to register for a trading account right away, we are unsure of the precise nature of the available payment options. 

Nevertheless, we can make a rather accurate estimate. Remember that regulated brokers accept payments through bank wire transfers, popular e-wallets like PayPal, and credit/debit cards like VISA and Mastercard. In contrast, scammers like LionTrader typically prefer to trick you into depositing your money in bitcoins or other crypto coins.

The minimal deposit is $300, according to the website. And that’s basically all the payment-related information we have. Nothing more is provided by the broker.

Scammed by LionTrader Broker? – Let Us Hear Your Story

The most typical course of action is to submit a chargeback request, but only if the user made their investment using a credit or debit card. Due to this, there aren’t as many investment scams today using credit cards. The good news is that MasterCard and VISA both have up to 540-day chargeback periods if money was invested using a card.

Wire transfer deposits are more difficult to recover, so if at all possible, we advise contacting the bank to resolve the issue.

But What Is A Chargeback?

When a consumer successfully disputes something on their account statement or transactions report, the charge is returned to the payment card in the form of a chargeback. Debit cards (and the associated bank account) and credit cards both have the potential for chargebacks. 

A chargeback is a type of refund since it refunds money that was previously deducted from an account. It differs from a canceled charge in this regard because it is never fully authorized for settlement.

Chargebacks, which are focused on charges that have been fully processed and resolved, can frequently take several days to complete since they must be reversed through an electronic procedure involving several companies.
If LionTrader scammed you, contact our chargeback experts for assistance, schedule a free consultation, and we will do whatever we can to help you get your money back.

What Is LionTrader?

LionTrader is an unregulated broker, that claims to be trading with Forex, CFDs metals, and cryptocurrencies.

Is LionTrader a Scam Broker?

After doing extensive research on the company, we concluded that LionTrader is a scam broker.

Is LionTrader Available in the United States or UK?

LionTrader claims to have a headquarters in New York City, a London office, and all essential permits and authorizations. Neither the US nor the UK has any regulations regarding Lion Trader.

Does LionTrader Offer a Demo Account?

LionTrader claims to offer a demo account, but there is no way to access the demo account.

One of the first things traders can recognize about this brokerage is limited transparency. With this in mind, it’s hardly believable that anyone can succeed, especially when a company has been hiding legal information.

However, whether those are transparent or not, there are too many flaws this brokerage has. To find out which ones those are and how to avoid the traps set by this company, read our Maticbit.com review until the end.

Legal info: Is Maticbit.com Legit or a Scam?

One of the interesting details the company reveals is its location. Apparently, they have been registered in London, United Kingdom. Thus, with hidden legal details, contacts, and license information, we highly doubt it. In any case, this scam can be confirmed in the regulatory databases, primarily of the UK FCA.

Not only is the broker not regulated anywhere, but it can also be found on numerous warning lists, starting with CNVM and IOSCO, but also  Slovenian A-TVP and Norwegian Finanstilsynet. Even though the company claims that security comes first, you can see now it’s all a lie.

Who are Maticbit.com’s Victims?

Without adequate licenses, the company shouldn’t be operating anywhere. Yet, since 2023, they have ignored all the laws and regulations and mainly targeted users from: 

• Italy
• United Kingdom
• Spain
• Belgium
• Canada

Of course, none of these countries have authorized their activities. What’s surprising is that no Maticbit.com reviews are available. But to find out what traders usually think of similar brokers, check our NordMarket and Beapay reviews. Also, if you experience any issues withdrawing funds from any of these, contact our refund experts immediately.

Leverage, Commissions, Spreads, Fees and Taxes

One sign that this company is not UK-based is its trading conditions. Traders should keep in mind that licensed UK firms can offer retail users maximum leverage of 1:30. In the case of the Maticbit.com broker, it goes up to 1:500.

Also, the company offers attractive spreads starting from 1.5 pips. Of course, the more money you deposit, the better conditions you get. But only for a few assets. Everything else might cost you a fortune especially since fees and commissions are not revealed.

Bonuses

If you register a Maticbit.com account, don’t be surprised by their generous bonus deals of up to 100%. Thus, you should remember that bonuses from scam firms usually come with malicious clauses. Since these are hidden from the public, you have to check for them once you sign up. But we honestly hope you won’t.

Maticbit.com Trading Features

If you get into the trading room, you will realize the platform doesn’t include any advanced options. For any experienced trader, this platform would look like a kid’s toy. In any case, traders can forget about social or copy trading, EAs, advanced indicators, or any other advanced option.

Trading Platforms Available

Luckily, you don’t have to complete the Maticbit.com login process to access the platform. Therefore, it’s easy to expose the platform’s irregularities. In the first place, the platform is completely web-based. Yet, we all know how easily such platforms are manipulated from the back end.

Nevertheless, the second important detail is that only basic trading functions are available. So, why choose this broker over any other that offers MetaTrader or cTrader?

Available Trading Assets

Million assets being available can’t replace a proper trading license. Therefore, the offer with this broker becomes completely irrelevant. Still, for the record, you can trade: 

• Forex – GBP/JPY, USD/EUR
• Commodities – natural gas, palladium
• Shares – Netflix, Walt Disney
• Indices – NASDAQ, FTSE100
• Cryptos – LTC, TRX

Account Types

Another flaw of this broker is insanely high deposit requirements for all accounts. But to be fair, there’s not much difference between the offers. The only benefits are a lower spread, higher leverage, and higher bonuses. 

Anyway, the options are: 

• Standard – $2.500
• Silver – $10.000
• Gold – $50.000
• VIP – $100.000

Mobile Trading App

Mobile trading apps are widely used with top-tier licensed brokers, primarily because of easier access to the account and quick trading availability. With companies planning to disappear, you won’t see those quite often. That’s also the case with the Maticbit.com trading firm.

Demo Account

To be fair, the only positive thing about this company is its free demo account. However, it remains a mystery whether it’s just a trick to obtain your contact details or if they truly help you trade with virtual funds first.

Education

Even though the company offers trading central analytics, personal account managers, and sessions with analysts, these can’t be trusted. After all, the company is not licensed. Neither are those analysts.

Maticbit.com Withdrawal

If you are hoping for Maticbit.com withdrawal, make sure to check their FAQs. Primarily, the company claims to process requests within a few business days. And on top of that, it takes another 5 business days for the funds to arrive. 

Of course, fees are not disclosed anywhere. So, this process might be even longer than you think. All in all, without adequate licenses, none of these details are guaranteed.

Customer Support

When it comes to contact options, the company bravely hides behind the keyboard. The only options available are e-mail and a web contact form. Practically, everything is designed to avoid requests for withdrawals. Not to mention, operating hours are not disclosed. So, good luck looking for assistance from them.

Key Information To Consider About Maticbit.com

First, Maticbit.com scam brokerage is not regulated anywhere. Second, there are multiple warnings against it. All this tells you enough about this brokerage. We strongly advise you to avoid them, but you still have options if you fall for any of their traps.

Feel free to book a consultation with our chargeback team and find out how to get your money back. The first meeting is free, and no obligations or fees are required. Send us a message right away.

FAQ Section

What is Maticbit.com?

Maticbit.com is an anonymous trading company offering trading services since 2023 with very limited transparency.

Is Maticbit.com Legit?

No. The company is not licensed and on top of that, they are found on multiple warning lists. To recover money from such brokerage, contact our refund team.

Where is Maticbit.com Located?

According to the company, they are based in the UK, and yet, no registers can confirm that information.

One of the first signs to avoid this trading firm is low legal transparency. Yet, they will try to convince traders they are a safe place to invest money.

If you watch out for hints closely, you can avoid such traps. In reality, many traders overlook irregularities since they’re pitched through fairytales promising rich life. If you want to recover and protect money from such scams, make sure to read our Mega26 review carefully.

Legal Info: Is Mega26 Legit Or A Scam?

Without any details about founders or legal entities running this firm, there’s nothing much you can expect from them. Especially since the company doesn’t have any top-tier regulations like FCA, BaFin, or ASIC. Consequently, all the features the company offers should be questionable.

In most cases, traders crack under pressure and make a deposit. Once they realize they are getting scammed, it’s too late. Luckily, German BaFin did a good job and exposed this firm in its recent warning.

Who Are Mega26’s Victims?

Even though the company claims security comes first, it’s obviously a lie. Sadly, there are none of Mega26 reviews publicly available to explain what exactly happens there. So, if you know more details, let us know in the comments below. Ultimately, our team can analyze your case and advise you on the recovery process.

In any case, since May 2024 when this brand was registered, they have been mainly targeting traders from: 

• Germany
• Turkiye
• Brazil
• Malaysia

To learn how to look for reliable brokers in your country, don’t miss our TeleTrade and EliteBrokers reviews.

Leverage, Commissions, Spreads, Fees and Taxes

One of the critical conditions with Mega26 broker is its leverage of up to 1:500. Let’s be fair, regulators like FCA and ASIC limit their brokerages to 1:30 for a reason. An additional disadvantage is a lack of negative balance protection.

It’s also worth mentioning the company hides its fees and commissions. Allegedly, the only expense traders can expect is spreads. These ones apparently start from 1.5 pips for a standard account.

Bonuses

Another problem you can expect with Mega26 trading firm includes bonus deals. These are presented as a boost for your trading capital. 

In most cases, it’s a trick to prevent traders from withdrawing funds. The reason for it is hidden in malicious clauses in T&Cs. However, with hidden T&Cs with Mega26 firm, you won’t know unless you try it.

Mega26 Trading Features

Even though the company advertises sophisticated trading tools, there’s nothing advanced there. With only basic ordering options, risk-management tools, and poor charting features, you can’t expect much. Especially if you compare their options with top-tier licensed firms.

Trading Platforms Available

Why you shouldn’t trust any of the company’s features? Because of a highly suspicious web-based platform. These platforms can be easily controlled by the company’s staff and everything you see could be fictive. Not to mention, the platform doesn’t offer any advanced trading tool whatsoever.

Available Trading Assets

As can be seen, registering for a Mega26 account should bring you access to more than 500 assets. But when you know that far more legitimate brokers offer the same, there’s no reason to stay with them. 

Anyway, the options are: 

• Forex – USD/GBP, EUR/NZD
• Commodities – gold, natural gas
• Shares – Tesla, Netflix
• Cryptos – TRX, SOL
• Indices – NASDAQ, Dow Jones

Account Types

With quite high deposit requirements, we wonder how anyone decides to start with this firm. Apparently, once you complete the Mega26 login process, you’ll be required to activate one of the accounts, with at least a $10K deposit.

However, in most cases, they will accept less money. Anyway, the options are: 

• Standard – $10.000
• Silver – $25.000
• Gold – $50.000
• VIP – $100.000

Mobile Trading App

One huge disadvantage is missing the Mega26 app for mobile devices. Even though the web version is optimized for mobile, it’s fairly inconvenient to use. Especially for traders using advanced strategies and third-party tools.

Demo Account

Allegedly, a demo account is in the offer with all account types. That’s one of the ways to explore is Mega26 legit or not. Primarily, you can confirm all the trading features and conditions. Still, we would always recommend you pick a demo with licensed brokerages.

Education

What’s funny about this broker is that only after you deposit $50K you deserve proper trading education. That’s when you get access to Trading Central and monthly sessions with analysts. For most experienced traders, that’s a huge red flag.

Mega26 Withdrawal

One of the key details traders should remember about withdrawals are KYC and fees. These two are the most common obstacles traders experience. Sadly, there are no reviews yet to confirm it. Anyway, the Mega26 broker promotes mainly e-payment and crypto options due to the speed of transactions.

If you opt for a wire transfer, expect a longer processing time. One way or another, if the company faces you with unrealistic requirements for verification and fees, make sure to consult with experts about the next step. With scam brokers, it’s usually a method to delay the process or to extort more money.

Customer Support

Another sign of poor reliability can be found in the company’s contact options. There’s no standard form of customer support that’s available all day long. Instead, you can only send them an e-mail and hope for their response.

Key Information To Consider About Mega26

Obviously, the first clue of a scam is a warning from German BaFin. But you won’t have a warning always. That’s when you should look for regulations, trusted software, transparent legal details, and transparent conditions. If any of these are missing, be careful.

To be honest, we know that getting scammed is quite easy nowadays. That’s why our refund experts offer a free consultation about refund methods. Don’t waste your time hoping this broker will help you in any way. Book your meeting with our experts already today.

FAQ Section

What is Mega26?

Mega26 is one of numerous look-a-like Forex and CFD trading platforms offering trading services through anonymous legal entities.

Is Mega26 Legit?

Not at all. Mega26 broker was found on a warning list of German BaFin. Even without the warning, a sign of a scam was the company’s missing regulation.

Where is Mega26 Located?

The company’s address is unknown to the public. With this in mind, we suggest you withdraw money immediately or contact us for refund assistance if you have trouble with it.

Recognizing fraud is more difficult than it seems at first. Online swindlers have taken numerous measures to ensure their scheme remains well-hidden and will use a myriad of manipulative strategies to steal from their marks.

Our XTrader review will show you how to spot these hoaxes more easily and recover money lost on one.

Operates Without Permissions

From what can be seen on the site, this firm has an extremely confusing legal background. For instance, the XTrader broker claims to be registered in the UK as X Capital Group Limited. At the same time, they also claim to legally operate out of Belgium under a different name—Tholvi Finance.

While these companies indeed exist, the suspicious website doesn’t have to be linked to them in any way, shape, or form. None of their claims could be proven. In addition, legal documents found on the site mention an entirely different company – OCTO GROUPS MANAGEMENT LTD, of which we know nothing.

What you will easily stumble upon if you search for this domain are blacklists. This conduct is not only unlawful but also solicits traders from all parts of the globe without a single regulatory permit. Regulatory bodies that have raised a red flag against this business are IOSCO, CONSOB, AMF, AFM, OSC, and CSA… For now.

How Victims Get Involved With Fraud

The entire xtrader.ca website is packed with lies and false adverts, one of which is claiming 10 years of experience. The WhoIs information clearly shows that the website was created in November 2023.

This young age is the reason why you won’t find any XTrader reviews online. Fraud primarily targets people from these areas:

• United Kingdom
• Spain
• Brazil
• Turkiye
• United States

To attract victims without any advertisements or online presence, this con circle, like Capital BLF, uses a so-called boiler room. It is a fraud call center, employing young and persuasive people who lack any scruples. Driven by their greed, boiler room agents will go to any length to get the money out of your pockets. Most commonly, they claim to be experts from a well-established financial institution who just happen to be looking for investors.

No matter how sweet the deal may sound, it’s just bait to take your cash. If you’ve already deposited funds with one such scheme, don’t worry – our experts can help you recover it.

No Fees?

It is simply impossible that all of the services offered on the XTrader platform are free. The question is simple: How does the broker earn? While their deceptive marketing practices may lead you to believe in a fee-free service, be sure that something like that doesn’t exist.

Legal documentation that should be transparent about certain billing conditions and special charges also doesn’t reveal anything of value. It is entirely unknown what costs apply to this trading portal. This is extremely characteristic of fraudulent trading servers, so make sure you avoid such sites.

Barebone Trading Amenities

One thing all these online frauds have in common is that they advertise an exceptional, cutting-edge trading environment—and then they don’t deliver.  Usually, it’s just a few basic features added to keep the clients complacent. Most of the time, it’s another layer of fraud designed to keep you wasting your money.

Useless Trading App

We created an XTrader login account and accessed the dashboard, only to find out that the trading app is just another horrible WebTrader. So much for the “advanced analytics implementation” that was advertised on the site.

The program does have some basic features like pending order and stop loss, but it doesn’t have its own charting protocol. Instead, it uses TradingView charts, but with a good amount of delay so that the con artists can “predict” the market shifts and impress their marks.

Tiny Asset Selection

The website itself doesn’t contain any information about trading assets. This is a stark contrast to what you’d see with regulated businesses like Solid ECN, for instance.

Only by accessing the XTrader app did we learn that these instrument groups are available:

• Forex – EUR/USD, AUD/CAD, USD/JPY
• Cryptocurrencies – BTC/USD, ETH/USD, SOL/USD
• Stocks – NVDA, AAPL, BABA
• Indices – FTSE, NDX, DXY

Tiered Trading Accounts

The XTrader trading accounts are tiered. This allows con artists to come back to the same victim and ask for more deposits, justified by alleged benefits.

Of course, these are all fictitious and are hardly worth the increasing price tag:

• Basic – $250
• Standard – $1,000
• Premium – $5,000

No Withdrawal Information

The company website never mentioned any withdrawal conditions for clients. We’ve tried looking into the Terms and Conditions document, but it is a single text page that doesn’t even contain the word “withdrawal.”

Again, we have to access the client dashboard for any info on this topic. There doesn’t seem to be any automatic payment processing involved, as clients are required to fill in a digital form and hope for the best. Supported payout channels include, allegedly, bank cards, bank wires, and cryptocurrency transfers.

Who Answers Inquiries

If you want to find out more about what the company has to offer, or you’re facing an issue that you can’t solve, you are directed to the customer support office. The following methods are available for contact:

• Phone
• Email
• Online form

Considering we’re reviewing a scam company, you shouldn’t expect them to answer your questions properly at all. Fraudsters aren’t merciful or understanding towards their victims. No one will help you resolve your problem or listen to your complaints.

We Offer Real Help

Are you a victim of the XTrader scam? Then look no further for the right chargeback specialist to help you restore your stolen assets! 

Our legal professionals can advise and support you throughout the fund recovery process and make sure you get your stolen investment back. Contact our chat agents and book a free consultation at your convenience.

FAQ Section

What is XTrader?

It is an online Forex trading scam. If you invested any funds with this platform, contact our legal team as soon as possible.

Is XTrader Legit?

No, the company is completely bogus. The website itself has been placed on numerous regulatory blacklists.

Where is XTrader Located?

Allegedly, the firm has offices in the UK and Belgium. However, there is no trace of the firm in any official register except public warning bulletins.

Our Vega Capital review shines a light on a Forex dealer who is the personification of bad brokerage practices. Nothing on their website instills trust in the quality of their service and the safety of their platform.

The opaque trading environment isn’t all that makes this broker unquestionably bad. As final proof of their illegitimacy, we’ll present more than a few warnings by financial watchdogs. Stay tuned to find out how to recover your lost assets.

Suspicious Company Spotted

If you’re on the hunt for a reliable Forex provider, you’ll probably want to learn about their business and licenses first. Unfortunately, that isn’t possible with the Vega Capital broker. All relevant corporate data is hidden and there isn’t even a single phone number posted.

Combing through the legal documents on the site offers no deeper insight, either. It is entirely unknown if the company has even been legally incorporated. In such cases, it is most likely that the entity only exists online and operates through a falsified online trading portal.

Word From Regulators

Anonymous entities intend to remain under the radar but quickly get into the regulatory spotlight. As an unlawful scheme, this business has been blacklisted by AMF, IOSCO, CNMV, FSMA, FI, AFM, and FIN-FSA.

Vega Capital Forex broker, just like Truvecta, is not following legal directives, not using segregated bank accounts and not providing compensation options. These are just some of the mandatory conditions a firm has to meet in order to be licensed. Regardless, this business respects no laws.

Diverse Areas Covered

Considering the fact that the website has only been operational since March 2024, their scheme is relatively new. Having been recently registered makes the domain additionally suspicious, along with the fact that no Vega Capital reviews exist online.

Nonetheless, fraudulent operations have been continually targeting traders from the following countries:  

• United Kingdom
• France
• Australia
• Belgium

Whether you live in these states or not, it’s important to stay vigilant. Also, don’t wait or hesitate to ask for support where you see it’s due. Our chargeback team is at your disposal to provide legal support.

Vanishing Browser Platforms

Although the site is stacked with chunks of text promoting allegedly excellent, intuitive, and advanced software, no such thing exists there. This invisible app is supposed to be available from the user panel as soon as you sign up for the portal. We followed the link to the app log-in page, but our credentials were repeatedly rejected as non-existent despite being registered.

That doesn’t stop the swindlers from assuring us that hundreds of trading assets are available, including:

• Forex – EUR/USD, USD/CHF, USD/GBP
• Stocks – Amazon, Netflix
• Indices – FTSE 100, Euro 50
• Commodities – Brent, gas
• Metals – Silver, Gold, Copper
• Energies – Brent, Crude Oil, Natural Gas
• Cryptocurrency – Bitcoin, Ethereum, BNB

Several Account Types

Since there is no Demo option, users are urged to verify their profiles and deposit real cash as soon as possible. Therefore, opting for a Vega Capital account could easily lead to identity theft.

Fraudsters like Virgo Strategy are famous for promoting all kinds of services, from guaranteed profits to education and support from account managers. This broker does it, too. Prices, however, can even be characterized as affordable:

• Standard – 250$
• Silver – 500$
• Gold – 1.000 $
• Platinum – 2.500$

Not Entirely Honest on Costs

Although legal documents should clarify the costs and commissions the broker applies, you’ll find no concrete information in these vague texts. The website does offer a dose of insight into what trading conditions are present, however. 

For example, the highest offered leverage is capped at 1:300, despite regulatory limits sitting at 1:30. Depending on the account type, spreads can be as low as 0.5 pips, but that remains unproven. Finally, the company boldly reserves its alleged right to change all outstanding fees as it sees fit and without informing the customer before the change.

Murky Payout Conditions

Vega Capital withdrawal is said to be processed within 4 to 7 days, but it takes an additional 5 days for the bank to release the funds. Credit cards seem to be the sole financial channel, but this is left unclear.

Other investment and payout conditions, though, are purposely ambiguous to give the swindlers more room for improvisation. For instance, it is against AML policy to deposit in one currency and withdraw in another – unless the company says otherwise. Non-deposited funds cannot be withdrawn unless the company says they can, in which case a minimum trading volume of 25x the deposit+bonus must be satisfied.

Non-functional Customer Service

The only way to contact the company is via email or a contact form, and this extends to support as well. There are no prompt support options for the clients or, better said, victims. It’s all intentionally set up this way – fraudsters can contact you any time they want, but you can’t get back at them.

Thieves Got Your Money – What Can You Do?

After analyzing the service this would-be broker claims to provide, it has become exceedingly obvious we’re dealing with fraud. Dishonest people running the Vega Capital scam are not likely to return your money out of the goodness of their hearts.

That doesn’t mean your investment is lost, however. For more information on how to recover the stolen money, contact our legal team by using the live chat on our site. Non-deposited funds are 

FAQ

Who Owns the Vega Capital Broker?

The company ownership structure is completely unknown. This unlicensed entity is dangerous, and should be avoided!

How To Withdraw Money From Vega Capital?

The broker does not allow any withdrawals. For help with asset recovery, get in touch with our legal team.

The first warning sign about this company is missing ownership details. On top of that, the company doesn’t reveal transparently their address or contact details. All this combined lowers the credibility score of this company.

But to avoid any conclusions before proofs, read this Xinvestmentpro review until the end. There are many more interesting details to be revealed. Ultimately, those can protect you and your funds.

Legal Info: Is Xinvestmentpro Legit Or A Scam?

Xinvestmentpro is an absolute scam. They present themselves as a UK based company. However, not with the full address revealed. Anyway, that’s enough for us to know where to look. Those are Tier 1 registers, in the first place FCA, but also ASIC and BaFin.

However, this company is not found in any of those. Yet, they dare to say they are regulated by Angullia Financial Services Commission. Practically, a self-regulatory body, but completely irrelevant to the business.

Who Are Xinvestmentpro’s Clients?

Even though they claim to provide services since 2018, their domain exists only for a few months. With this in mind, it’s clear why they don’t have many publicly available reviews. Thus, their intentions are completely transparent.

Through their shady adverts, they are reaching out to clients mainly in: 

• United States
• Nigeria
• Canada

If you are coming from any of those, or any other country, let us know about your experience with this company. Ultimately, our team can advise you if you had any issues.

Investment Costs With Xinvestmentpro

The company mentions some mining plans, but no investment costs are revealed. Practically, you’re investing without any risk. At least according to Xinevstmentpro scam company.

Have in mind that investing requires risks. One way or another. Thus, with Tier 1 licensed companies you have some kind of protection.

Bonuses

Generally speaking, scam companies often use bonuses as a tactic. Primarily to make you deposit more money. Thus, Xinvestmentpro doesn’t have such offers. At least not transparently presented. But don’t get shocked if you get some special offer at a later stage.

Xinvestmentpro Trading Features

In the case of Xinvestmentpro company, none of the investment features are revealed. Practically, they expect you to trust them blindly with your money. They don’t even reveal what instruments they are investing in.

Is Xinvestmentpro Legit?

Absolutely not. In the first place, the company is not licensed by any trusted authority. Also, they present themselves as UK based. Thus, all UK-based companies must have an FCA license or TPR.

Available Trading Assets

As can be seen, the company uses TradingView to present forex and crypto asset prices. Thus, we can’t confirm if they do so. Since they present themselves as a mining company, it’s understandable that they should offer cryptos. But why would you invest with them to mine cryptos? It doesn’t make sense.

Account Types

With Xinvestmentpro company, you don’t have different levels of investing. All the investors get the same unknown conditions.  However, they reveal that you can start as low as $100.

Mobile Trading App

Since this company operates as an investment firm, it should give you insight into your portfolio. But they don’t. In fact, they don’t offer any option to see what you are investing in.  Especially not dedicated mobile apps for iOS or Android devices.

Demo Account

In addition to the missing mobile app, we need to add the missing demo account. This is often a nice touch for any investment company. At least give investors a chance to check the platform. But if the company doesn’t offer it, they are hiding something. A perfect example you can find in our 12Trader review.

Education

Education with Xinvestmentpro company is science fiction. They are experts in mining, so your job is just to rely on their knowledge. Thus, it’s completely fake like anything else about this company.

Xinvestmentpro Withdrawal

Another key fact is that the company only accepts crypto payments. Therefore, once you send them money it’s gone. On top of all, there is no transparent withdrawal policy that would keep you safe. But even if there is, they are not regulated by trusted authorities.

So, whatever this broker claims on its website is questionable. To understand all the tricks companies are using to prevent investors from withdrawing their funds, check our INVCenter review.

Customer Support

Nowadays, traders and investors pay close attention to customer service. Because if you are not treated properly, the business becomes less enjoyable. As for the contact options, this company offers e-mail, web form and live chat.

Key Information To Consider About Xinvestmentpro?

Firstly, the company is presenting false regulations. Secondly, they claim to be UK-based, yet, they operate without FCA license. In addition to that, their services are completely mysterious. They don’t even offer any investment costs or conditions. Not to mention T&Cs or withdrawal policies.

With this in mind, you know that you will have withdrawal problems. Especially because they use crypto transfers. Luckily, our CipherTrace can track those transfers. So, they are not safe as they think. If this company stole your money, let us know. Don’t waste any time and book your first free consultation now!

FAQ Section

What is Xinvestmentpro?

Xinvestmentpro company is a fake investment firm that offers crypto mining services since 2023 and not 2018 as they claim.

Is Xinvestmentpro A Legit Broker?

Absolutely not. They don’t operate with trusted regulations. Also, they claim to be a UK-based company, but they operate without FCA license.

How Does Xinvestmentpro Work?

The whole service is a mystery. They expect you to invest money into their mining service. But payouts are mysterious. If you have withdrawal issues, contact us for refund assistance.

Capital Invest World is supposed to be a crypto investment platform. Yet, the website’s fumbled content advertises all sorts of products from Forex trading to CFDs.

This begs the question of whether Capital Invest World is a legitimate investment platform or just another scam like FxxTrader. Find out how to recover your funds by reading our truthful Capital-Invest.world Review.  

Legal Info: Is Capital-Invest.world Regulated?

Capital Invest World is not regulated or authorized by the relevant financial regulatory authority in the UK, the FCA. The warning we found explicitly states that this firm is not authorized by the FCA and that individuals should avoid it.

This illicit platform is still providing trading services. Capital Invest World is not registered with the UK’s Financial Services Compensation Scheme (FSCS), meaning you won’t be entitled to compensation of up to 85,000 GBP if you invest in this scheme.

Make sure your broker legally operates under the watchful eyes of top-tier financial market regulators such as the FCA (UK), CFTC & NFA (US), BaFin (Germany), ASIC (Australia), IIROC (Canada), MAS (Singapore), CySEC (Cyprus), etc. 

If Capital Invest World scammed you, we can help you recover your money!

Who Are Capital Invest World’s Victims?

According to godaddy.com/whois, the capital-invest.world website domain was created on May 3, 2023. Since then, the financial swindler has been primarily targeting unsuspecting traders who reside in the following countries:

• United Kingdom;
• United States.

The scammer has set his fraudulent gaze on traders from two reputable financial hubs in the world. To reiterate, the FCA blacklisted the platform because the firm is not registered to provide Forex or crypto trading services. This means that the UK, as a jurisdiction, is off-limits to Capital Invest World, and so is the US.

Trader Reviews – Sharing Experiences

At the time of this writing, Capital Invest World had only 62 reviews on trustpilot.com with an average score of 2.3 (poor). Trustpilot warned users that “this company has received regulatory attention.”

There are awfully many complaints. Traders expressed their frustrations with not being able to withdraw funds from Capital Invest World and went into detail about how the scam works. 

It is evident that Capital Invest World is only interested in seizing traders’ deposits rather than actually helping them trade and profit. Some reviews even claim that the firm opened positions without the trader’s permission or consent.

Do not trade on unregulated platforms. We can help you find a legitimate broker!  

Capital Invest World Trading Platform

Capital Invest World offers a web platform, a rather lackluster, unpolished, and oversimplified trading terminal, inferior to advanced software. The platform supports popular trading assets and instruments such as Forex currency pairs, indices, commodities, stocks, and cryptocurrencies. 

Although this platform can be accessed via any computer, laptop, or mobile device, we don’t recommend you trade on it because your trades can easily be manipulated. Capital Invest World was cunning enough to slide in the name MetaTrader 4 in there, just like LQDFX did in order to entice traders. 

We know for a fact that Capital Invest World does not support recognized third-party software such as MetaTrader 4, MetaTrader 5, or cTrader. And despite the website’s advertisements, Capital Invest World doesn’t really offer a risk-free demo account, meaning you cannot log in and try out the platform for a trial period. 

Capital Invest World Account Types

Capital Invest World claims to offer five live trading account types:

Leverage, Spreads and Commissions

Capital Invest World’s maximum leverage ranges from 1:100 to 1:200, depending on the account type. It is important to keep in mind that high leverage is risky, especially if you’re a beginner and market volatility isn’t your friend. High leverage can magnify profits but also losses.

As for the trading costs, all account types seemingly offer the same spreads – starting from 1 pip. Anything tighter than 1.5 pips is considered the industry’s standard for Forex trading. Capital Invest World doesn’t charge any trading commissions, per the website.

The trading conditions seem decent but you must not forget the fact that Capital Invest World has been flagged as a scam by the FCA.

Capital Invest World Withdrawal Process

Capital Invest World did not disclose the available payment methods or the deposit and withdrawal fees. Given the platform’s non-transparent nature, this comes as no surprise.

The minimum deposit requirement is 250 EUR, which is in line with what licensed brokers charge but still not worth the risk. Capital Invest World is unlikely to allow you to withdraw your money or adhere to the company’s own refund policy, which is why we will tell you a bit more about the chargeback procedure.

Funds deposited via MasterCard and VISA credit/debit cards can be refunded via a chargeback, which can be requested at the issuing bank within 540 days. Wire transfers can be reversed via a recall but this action can only work for transactions that are not yet complete.

Key Facts To Consider About Capital Invest World

To recap, Capital Invest World is an unlicensed Forex trading scam. The main targets of Capital Invest World are British and American traders.

The platform was recently blacklisted by the UK’s FCA in July 2023. Many unfortunate traders had issues with Capital Invest World, which is the main reason why we do not recommend this platform.

If you lost money to the Capital Invest World scam, please book your free consultation with us and tell us more about what happened. If you need professional assistance in recovering your funds, our team will gladly guide you through the chargeback process and assist you every step of the way.

Book your consultation with us today and start the chargeback process.

FAQ Section

What Is Capital-Invest.world?

Capital Invest World claims to be a UK-based crypto investment company that also offers Forex and CFD trading.

Is Capital-Invest.world Legit?

No, Capital Invest World is blacklisted by the FCA. We can help you get your funds back from this scammer.

What Are The Available Account Plans In Capital-Invest.world?

Capital Invest World offers five account plans – Classic, Basic, Premium, Platinum, and VIP.

If you’ve come across an FX Capital Group broker and are wondering whether it’s a legitimate investment firm or yet another fraud, here’s the answer. Read our FX Capital Group review and discover every detail about this company.

What About FX Capital Group Regulation?

FX Capital Group is an anonymous trading firm allegedly based in Switzerland. However, once you check the Terms and Conditions, you will discover that Estonia’s law is a governing law. Since we all know where the bad reputation of the Estonian financial system comes from, we see no reason to explain this further. The broker is also not regulated by FINMA or any Tier1 regulatory body, including Estonian FI.

Suppose you are looking for a legit investment firm. In that case, we advise you to search for companies with FCA, ASIC, BaFin, and similar licenses since these authority bodies ensure that you have a compensation fund.

Fund Withdrawal Issues With FX Capital Group Broker

Withdrawals are not an option with FX Capital Group broker. Once you deposit the initial 250 EUR, everyone in the company will be helpful and welcoming. However, if you decide to ask for a payout, you’ll face numerous obstacles. For example, if you accept any bonuses, the Terms and Conditions suggest that such funds are considered non-deposited funds, and any profit that comes out of such is the broker’s sole profit that it can decline to you at any moment.

Be aware of the FX Capital Group trading scam and seek help if necessary.

In addition, we strongly advise you not to invest in SwissMarketFX, BTCADA and RaceOption fraudulent brokers.

Fund Withdrawal Issues With FX Capital Group Broker

Withdrawals are not an option with FX Capital Group broker. Once you deposit the initial 250 EUR, everyone in the company will be helpful and welcoming. However, if you decide to ask for a payout, you’ll face numerous obstacles. For example, if you accept any bonuses, the Terms and Conditions suggest that such funds are considered non-deposited funds, and any profit that comes out of such is the broker’s sole profit that it can decline to you at any moment.

Be aware of the FX Capital Group trading scam and seek help if necessary.

Areas Of FX Capital Group Trading Scam

The broker is mainly active in Canada, Spain, and the US. Furthermore, reviews come from the UK, the Netherlands, Australia, South Africa. There are no prohibited areas for this fraudulent firm, so be careful not to stay without money wherever you are.

Traders About FX Capital Group Scam

As you can already guess, investors have nothing nice to say about FX Capital Group brokerage. They are disappointed with the way they have been treated, but the fact they are not allowed to withdraw their funds is the main issue. 

If you yourself face such problems, we advise you to immediately ask for assistance with withdrawal.

How Does Online Trading Scam Work?

Every broker has their own method to defraud clients. However, every online trading scam typically starts with a fraudulent ad you are presented with. You’re being convinced that with 250 EUR, you can make millions within a few weeks or thousands overnight. Of course, all that with magical software or AI technology. Logically, if such exists, why would anyone share it with the world and not make money themselves?

Once you deposit the money, you may even see some profit. It’s all part of the broker’s strategy to earn your trust and convince you to invest more. Once you’ve deposited everything you had or intended to, your problems will start. All of a sudden, your account manager will be too busy to talk to you, while your withdrawal requests will never be processed.

This is when you’ll understand that brokers like FX Capital Group are illicit and just looking for the opportunity to take your money.

Also remember the names of the Truexoption247, EUFinance and DeliTraders trading scams and avoid them at all costs! Moreover, always check the background of online trading companies before investing!

Scammed by FX Capital Group? – Tell Us Your Story

You’re not the first victim of the FX Capital Group scam, but your story is significant to us. If you are already involved with this company and have experienced any issues, let us know. We may help you file a dispute and request a chargeback.

But What Is A Chargeback?

This is a way for your bank to reverse the transaction and get your money back. Contact us via online chat to book a free consultation for more information. Let’s get your money back before it’s too late!

What Is FX Capital Group?

FX Capital Group is an online Forex and CFD trading provider without a license.

Is FX Capital Group A Scam Broker?

FX Capital Group is unregulated and has lied about its headquarters.

Is FX Capital Group Regulated?

No, FX Capital Group is not regulated and provides financial services illegally.