Trading with ease is something every trader hopes for when signing up for a brokerage platform. Unfortunately, a wide range of questionable online trading portals only sell an illusion of a safe and lucrative trading environment.

Such is the case with the broker that is the subject of today’s Interactive Markets review. In order to stay safe and increase your chances of earning, you should pick a better investment opportunity. 

Unknown Scam Machinery

It is quite common to see numerous untrustworthy websites that try to appeal to their potential victims by posting all sorts of false corporate data. For instance, the Interactive Markets scam claims to operate out of the UK and Switzerland. There are even some alleged company addresses found on the site.

However, the London address is not precise and points to an attractive location for big businesses. There are several companies registered at this address with the UK Companies House, but none has anything to do with the broker we’re reviewing.

Furthermore, the Swiss business register also doesn’t have a company registered under this name. Finally, legal documents on the site mention the firm operates under the laws of the Marshall Islands, which is most likely their true location.

Offshore Broker With a Warning

The regulatory body that oversees the activities of brokerage houses in the Marshall Islands is GLOFSA. However, this is a loose authority that doesn’t require firms to respect advanced security measures and enable fund protection.

In addition, we’ve also found an FCA warning against this entity, which confirms our doubts about their illicit activities. This offshore online trading scheme is most likely aiming to steal your funds and simply disappear.

Focus on Certain Regions

In order to be better at persuasion, con artists prefer working in a limited number of regions. This is a strategy Anders Trading ruse exploits as well, as do many others.

Here is where the Interactive Markets platform has been most active:

• Australia
• Canada
• Italy
• United Kingdom
• United Arab Emirates

Interactive-markets.com is a relatively new fraud, with the site being launched in May 2024.

Features Below Any Criteria

Various fraudulent entities like Fargo Consulting, for instance, often greatly exaggerate the quality of their software. The same is true with the Interactive Markets app, which is a basic Web Trader.

This web-oriented app runs from a browser, which is the only advantage it has over industry leaders like MT5 or cTrader.  The app does not include any demo bar or a barely interactive preview function. It does offer access to a fair amount of trading instruments, however, including indices, stocks, currencies, crypto assets and commodities.

No account types are ever mentioned on the site, and this is intentional. This allows the swindlers to gauge each individual victim’s willingness to pay and adapt accordingly.

Convoluted Info on Costs

As evident from the trading room area, the starting leverage is 1:10 on all instruments and pairs. This is somewhat within the regulatory limits. No further information is available when it comes to this trading parameter or any other trading parameter, like spreads and fees.

Legal documents are extremely vague about the actual costs of services. Some parts of the text mention several types of fees, yet fail to clarify the exact rates. The only number mentioned is the minimum charge from the credit card is $3.00.

In addition, there’s also a dormancy fee of $300, which is charged after 12 months of no trading activity.

Appalling Payout Conditions

Client dashboard includes a hefty and intrusive dialog box containing all of the information the charlatans need to gain access to your credit card. Additional KYC documentation requirements ensure they get all they need to access your bank accounts.

Although the people behind the plot mention bank cards with processing time of up to 14 days, wire transfers, and SWIFT withdrawals, none of these options are available. Dashboard only allows for Interactive Markets crypto wallet transfers.

The Terms and Conditions and Withdrawal Policy are set up in such a way as to deny any withdrawal attempt. Hefty bonuses are thrown around, and to get any sort of payout, you’d have to make a profit 50 times greater than the sum of your deposit and bonus.

Support Is Unreachable

After looking into the quasi-legal documentation presented on the site, it becomes clear that these guys don’t play nice. 

In short, the client holds all liability, and the company is free to change its trading and payment conditions on a whim.

Of course, this is all completely unlawful. The lack of legality, however, won’t stop the help desk from stonewalling their clients, citing one clause or another. It’s not like contacting support is an easy ordeal, with the only options being email and an online form.

Got Scammed? We Can Help!

Taking a more in-depth look at this so-called broker website quickly revealed that we were dealing with professional swindlers. Unfortunately, there aren’t any Interactive Markets reviews that would warn potential victims about this setup. 

This is yet another red flag that you should always watch out for. Reputable companies have a lot of positive ratings and customers don’t shy away from sharing their experiences with the brand.

If you’ve invested any funds with these cybercriminals, don’t hesitate to contact our expert team. We are available 24/7 for your convenience via the live chat, and our first consultation is free of charge.

FAQ

Is Interactive Markets a Reliable Company?

This business is actually a blacklisted entity, which FCA has labeled as fraudulent and untrustworthy!

How Can I Get My Money Back?

Although it may seem impossible at a certain point, fund recovery is very much possible. To find out more about how our chargeback experts can help you, please consult our online chat agents.

Online trading has become a popular way to earn quick cash in today’s fast-paced world. However, many don’t consider how choosing the wrong broker can affect your finances.

Since we want you to enter this field prepared, we’re bringing you a detailed Ico-Assets review. It covers everything, from licenses to tradable assets.

Is Ico-Assets a Regulated Forex and CFD Broker?

You will surely be convinced if you check their main page. The company lists eight different regulations, from Tier 1 to Tier 3. So, let’s go one by one and see if they’re genuine.

The first regulation allegedly belongs to Ico-Assets Ltd, registered in Cyprus, with license number 250/14. However, once you visit the CySEC register, you will discover this is actually a regulation of Plus500CY Ltd, operating as Plus500. The same stands for the FCA license, belonging to Plus500UK Ltd, a UK branch of the same brokerage, as well as Plus500AU Pty Ltd, an Australian unit.

As you can already guess, none of the licenses, including here FMA of New Zealand, FSA Seychelles, CIMA, and South African FSCA, actually belong to Ico-Assets.com. Hence, we can conclude this company tried running on the back of a duly regulated firm, counting that nobody will bother to check through so many databases.

In addition, the firm claims that clients have insurance protection of up to 1,000,000 EUR. However, they don’t say where this insurance comes from since they’re not licensed, and the official regulatory compensation fund doesn’t apply here.

Finally, they added an address in Switzerland, but the name Ico-Assets Ltd cannot be found in the FINMA register or with any other EEA zone authority.

Ico-Assets.com Operations – Countries Of Service

Now that we’re on the same page regarding the brokers’ legitimacy, let’s see where they lurk for clients. Mainly, they advertise their illicit services in the following countries:

• Switzerland,
• France,
• Germany,
• Austria,
• Netherlands.

All of these are EEA countries with firm financial authorities. Since the Ico-Assets scam hasn’t been exposed yet, we hope to change it with our review.

Note that the scheme is quite new, with the domain being registered in the GoDaddy WHOIS database on the 25th of January, 2023. Therefore, your report can help us pressure the regulators and urge them to ban this fraudulent site.

Ico-Assets Software Comparison

The site advertises MT5 WebTrader as available software. However, this is untrue. It’s not a distribution of any MetaTrader terminal, not MT4 and not MT5. Just like with CedarFX, once you register an account, which you must do before any platform access, you’ll be given basic browser-based software.

Scam brokers often abuse the names of good-ranking platforms for their own benefit. They believe that they’ll get you easier onboard if you believe that you’ll get desirable software. However, in most cases, MT5 comes with a Demo account, which is not the case here. Hence, the advert is nothing more than a lure for retail traders such as yourself.

Financial Instruments On Offer

You can activate your account and trade in five asset classes if you’re still interested, which we don’t advise. These are:

• Forex pairs – EUR/USD, USD/HKD, GBP/CAD
• Commodities – gold, silver, natural gas
• Indices – AU200, BE20, FTSE100
• Shares – Amazon, Bank of America, Rolex
• Cryptocurrencies – BTC, BCH, USDT

The brokerage says that crypto CFD trading has been banned for UK customers following the FCA ban from 2021. However, since they’re not actually regulated, we wouldn’t be surprised to see them enabling crypto trading for everyone.

Leverage, Spreads, and Fees

The leverage is not specified, possibly because the company has no license, and they don’t want you to learn that their leverage doesn’t comply with ESMA and ASIC limits. The spread is advertised as 0.5 pips for EUR/USD pair, which is quite solid. However, they can promise even raw spreads, which means nothing knowing Ico-Assets’ regulatory status.

What Account Types Can I Choose?

Here is an overview of the pricey account types you’re offered:

• Bronze – $10,000
• Silver – $25,000
• Gold – $50,000
• Premium – $100,000
• Platinum – $250,000

Each higher account brings in higher leverage, exclusive events, house-managed trades, etc. However, think if it’s really worth giving away $10,000 to an unregulated brokerage.

You should know that legitimate brokers often have Micro accounts, starting at as low as $10. It’s a much more affordable option, not to mention safer.

Ico-Assets Crypto Deposits

Ico-Assets claims to offer its customers a deposit via credit/debit card and bank transfer. However, if you look a bit better, you can find links for Crypto.com, Binance, and Coinbase. All three are crypto exchanges where you can indeed use your card or bank transfer to purchase crypto coins.

Therefore, we have reason to believe that you’ll be instructed to buy crypto, then transfer it to Ico-Assets via wallet. That way, you’re not entitled to a chargeback if something goes wrong. However, don’t despair, as there are methods to track and trace your digital coins.

Is Withdrawal From Ico-Assets.com Even Possible?

According to their page about withdrawals, Ico-Assets offers an automated payment system, making the withdrawal process quick and easy. Allegedly, all you need to do is request a payout to your credit card or via bank and wait up to 5 business days.

However, many negative comments online indicate that you won’t be able to get your money back. In fact, the broker will constantly come up with reasons to delay and reject your request until your trading account is finally closed and you no longer have access to funds.

I Was Scammed by Ico-Assets; What Should I Do?

If you were scammed by Ico-Assets or a similar online trading fraud, don’t hesitate to report it. Our team of chargeback experts and CipherTrace crypto analysts can help you with this matter and assist you in finding a way to track your funds and collect legal evidence.

Book a free, non-obligatory consultation through the form below, and we’ll gladly evaluate your case in detail. It’s time to act!

What Is Ico-Assets.com?

Ico-Assets.com is an unregulated trading broker posing as a legitimate company.

Is Ico-Assets Available in the United States or the UK?

Ico-Assets is available in the UK but doesn’t provide services to US residents.

What is the Minimum Deposit with Ico-Assets Broker?

The brokerage requires a minimum deposit of $10,000, which is extremely pricey.

FXBFI broker is under the ownership of FXBFI Broker Financial Invest Ltd based in Cyprus. As long as they are on the market, they had a license from CySEC. However, recently broker was slapped with a 150.000 EUR fine due to suspicious activities. Another key point is that this group owns a 101Investing trading company as well.

After all, to find out if FXBFI broker is reliable one continue reading this FXBFI review.

Additionally, we strongly advise you to avoid the fraudulent brokers Bitky, 365trading, and 101investing.

Does FXBFI Have a Regulation?

To sum it up, no. Since their foundation in 2016, they were working under a CySEC license. In the meantime, they didn’t get any Tier 1 licenses from authorities like FCA, BaFin or ASIC. Those are the most trusted on European soil. Unfortunately, there is no record of FXBFI broker owning any of those licenses.

Even though, they are licensed by a trusted regulator that doesn’t mean they will be completely honest. In the end, they didn’t get fined without a reason. After all, they lost their license recently.

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

Regulated, but especially Tier 1, brokers provide a higher level of funds security and more transparency. Those brokers can’t afford to make a mistake, because they will be penalized or even lose a license. That’s why traders trust those the most. Moreover, they don’t provide you with insanely high leverage. After all you don’t want your account balance to be wiped off.

FXBFI Available Online Trading Platform

Given that FXBFI provides an MT4 trading platform, we need to give them credit for that. It is one of the most trusted platforms. After its successor MT5, this is a very good option for most traders. It provides a vast of advanced charting and indicator tools. On top of that, trading executions are extremely fast and reliable.

App For Mobile Devices

For the ones that love to trade away from home comfort, they have mobile apps available. MT4 is available for download on any Android or iOS device. Regardless, it doesn’t lose any reliability because it provides all same features as the desktop version. However, some traders prefer MT5 or cTrader due to its advanced features. Some are social and copy trading, algorithmic trading and more.

FXBFI’s Trading Assets and Instruments

Non-surprisingly FXBFI broker offers a wide range of trading instruments. Whether you like volatile assets like cryptos or slow pace investments like in stocks, you have options. Therefore, clients can get access to assets like:

• Forex EUR/SEK, GBP/JPY, USD/AUD
• Commodities platinum, silver, cotton
• Indices DJI, AU200, EU50
• Shares Google, BMW, Coca-Cola
• Cryptocurrencies BTC, BNB, ETH

Considering the leverage of 1:200 we would think twice about choosing some of the volatile options.

FXBFI Service Countries

Checking some FXBFI reviews we couldn’t get information on where the clients are coming from. Looks like they are offering their services worldwide. Despite worldwide coverage, some countries have specific jurisdictions and regulations for trading on FX and CFD markets. Especially after the UK left the EU and now you can’t trade there without an FCA license or TPR.

Must be remembered, that FXBFI was fined already by its regulator CySEC.

What Are The Different FXBFI Account Types?

In general, companies divide their services into certain groups. That way clients are motivated to deposit more money to get better benefits. Even though sounds like a marketing trick it is realistic. However, FXBFI broker doesn’t offer such a division.

The only account they offer is STANDARD ACCOUNT with a minimum deposit of $20.

Free Demo Account

Besides a live trading account, clients can try their luck with a free demo account. That way you are trading with virtual funds on the broker’s platform. We always suggest trying it with real money on a micro account. Important to realize is that you are leaving your personal information to an unknown entity and you might be persuaded to invest more.

What Methods Of Deposit And Withdrawal Does FXBFI Accept?

Since FXBFI broker is regulated, they need to provide trusted payment services. However, a fine by CySEC raises suspicion about this broker. Nevertheless, all methods used for deposits can be used for withdrawals. On the negative side broker charges additional unknown fees for deposits and withdrawals.

Payment Methods Available

In general, all methods are verified. However, some methods are safer because you can get a chargeback if you have any potential issues with a broker. Specifically, we are speaking of card transactions. With FXBFI broker you have the following funding methods:

• Debit/Credit card Visa/Master card
• Wire transfer
• E-payments Skrll, Neteller, Worldpay, Solidpay, eMerchant

Bonus Policy and Promotions

Bonuses are banned according to any Tier 1 or EU regulator. Those are often cheap marketing tricks. However, this broker offers a welcome bonus. Have in mind that you need to reach a certain amount of money on your trading balance to be able to withdraw it. Another key point is a referral program. That way you get credited for bringing more people to the company.

FXBFI Terms & Conditions – What You Need to Know

To point out some negative aspects, this broker charges an inactivity fee of $10 per month. This fee is higher the longer you are not trading. Any other T&Cs are met with any other Tier 1 regulated company. Therefore, you can look for better options on time.

Leverage, Spreads and Fees

As shown above, leverage goes up to 1:300. According to ESMA rules it can go up to 1:30 maximum. In addition to that, spreads are fixed in the value of 2 pips. That is higher than the industry average of 1.5 pips. Moreover, fees for inactivity and withdrawals are disappointing and a deal breaker for us.

What Should I Do If I Have FXBFI Problem?

Firstly, you can share your story with us. Secondly, trying to solve an issue with their regulator might be a good start. However, if that doesn’t help that means you are stuck. That’s where you can get the assistance of our specialized fund recovery team. Contact us today for a free consultation!

What Is FXBFI?

FXBFI is a Cyprus-based trading company that offers services since 2016 worldwide.

Is FXBFI aRegulated Broker?

Not anymore.  They lost their CySEC license. However, they were fined by that same regulator for suspicious activities. Therefore, clients might have potential issues.

Is FXBFI Available in the United States or the UK?

There is no confirmation that they are trading with any clients from mentioned countries. But it’s not excluded.

Does FXBFI Offer a Demo Account?

Yes. On top of that one basic live account, you can try their services first with a demo account.

BitTheBank company operates from Estonia since 2017. The official ownership belongs to Lipan Services OU. But this company seems to own some other entities that offer financial services.

Is this company legitimate and if you can trust them, find in this unbiased BitTheBank Review. But also, don’t skip our RaceOption review for some more financial activities and news.

Legal Info: Is BitTheBank Legit Or A Scam?

BitTheBank, as a crypto exchange, found its nest in Estonia. The official regulator there is the FI (Finantsinspektioon). However, Lipan Services OU is not on their list of registered entities. Also, the company is not in any other Tier 1 regulatory database, such as FCA, BaFin or ASIC.

Instead, they are involved in BaFin investigation. It looks like the company was operating as the payment provider for some scam companies.

Who Are BitTheBank’s Victims?

BitTheBank exchange was used as the third-party payment provider. With the limited traceability of crypto transfers, it is a great solution for scammers. But even without that, the company is not operating genuinely. Their victims mostly come from: 

• United Kingdom
• Germany
• Italy
• Canada
• Portugal

If you had any experience with this exchange, feel free to share it with us. Ultimately, our expert refund team can advise you on how to get your money back.

Traders Reviews

Another warning sign about the BitTheBank scam is its reviews. Firstly, it’s surprising that there are only 6 comments on Trustpilot. Yet, all of them are negative ones. That tells you enough about this company.

In case you experience any irregularities with this company, let us know. After all, by understanding your problem, we might offer you a solution.

Investment Costs With BitTheBank

With very few details available on the company’s website, it’s lucky they have presented fees. Maker and taker fees are fixed at 0.1% while conversion fees are 3%. Yet, all these might be changed since the company is not licensed.

Bonuses

As a matter of fact, welcome bonuses are not available with BitTheBank. Generally, some exchanges promote bonus offers to attract investors into the crypto world. But here, you have only what you invest.

BitTheBank Trading Features

BitTheBank crypto exchange offers very poor information about its services. It seems they offer only a few crypto assets. Also, they don’t offer trusted mobile app as the wallet.

Is BitTheBank Legit?

Definitely not. The company is obviously involved in scamming activities. They are operating without a license and trusted mobile app. On top of that, they are mysterious about general features and conditions.

Available Trading Assets

As can be seen, the company offers only 3 coins. For an exchange that claims to be exponentially growing, that’s quite a poor offer. Anyway, you can choose only: 

• Bitcoin
• Ethereum
• Litecoin

Account Types

In the case of BitTheBank, all investors get the same conditions. In general, crypto exchanges offer various levels to motivate investors to trade or invest more. Yet, with this company that’s not the case.

Mobile Trading App

As mentioned, the company doesn’t offer any iOS or Android mobile app. This is a huge warning sign and even a dealbreaker for some investors. But don’t let that trick you. Some companies offer way more transparent options, yet they scam you. Such as the StockCore scam broker.

Demo Account

Unfortunately, the company doesn’t present transparency in its exchange platform. Also, it’s strange that the company doesn’t even offer the option to register. So, only existent users that are lured through fishing ads can use their platform. That tells you enough about their legitimacy.

Education

From a company that is completely mysterious about its services, you can’t expect much. Especially not to educate you properly about their business. For that reason, we are not surprised they don’t offer any educational program.

BitTheBank Withdrawal

Based on reviews, low transparency and missing regulations, you realize that withdrawal issues are guaranteed. Also, in their T&Cs they state that the company has the right to decline or stop any withdrawals.

That’s in the cases where traders don’t provide all the documents or authorities are making such a request. But all these could be also fake statements to prevent you from getting any of your funds.

Customer Support

BitTheBank support is available only on workdays between 9 AM – 9 PM (GMT). But most likely only when you want to deposit the money. You can try reaching them out via e-mail, phone number or web form.

Key Information To Consider About BitTheBank?

In the first place, there’s an ongoing investigation where BitTheBank might be involved. In fact, their owner already is. On top of that, they currently operate without a license and a transparent exchange platform. Not to mention 100% of negative reviews.

To avoid any headaches with these scammers, the best solution is to stay with licensed companies. Thus, we were all sometimes caught in a scam. The most important thing is to get y our money back if possible. Luckily, our professional team is equipped with CipherTrace. This software can track cryptos if you didn’t know. Therefore, there’s no time to waste. Get in touch today, to find out more!

FAQ Section

What is BitTheBank?

BitTheBank company is a shady Estonian crypto exchange offering crypto payment services since 2017.

Is BitTheBank Legit?

No. The company operates without a license. On top of that, the ownership company is involved in scam activities.

How Does BitTheBank Work?

They are fishing for new customers through social networks. Once you deposit money, you can’t get it out. Unless you get help from our refund team. Contact us today.

So if you are thinking about trading with the Equalpros broker, you will definitely reconsider it after reading the following Equalpros review. As soon as we accessed the Equalpros website — which is very unconvincing and poorly designed —we realized that this broker doesn’t stand a ghost of a chance of providing anything worthwhile. There is nowhere near enough information to encourage traders to invest here. 

Aside from displaying its fake London address, this broker misleads people by lying about being an FCA-accredited company. Being such an obvious liar is a clear sign that you can’t trust it and that nothing can prevent it from being involved in fraudulent trading activities.

Additionally, we strongly advise you to avoid the fraudulent brokers ImportCapital, SevenSeasFX, and BCH Advance.

Does Equalpros Have a Forex License?

As an allegedly UK-based broker, Equalpros should be found in the registers of the UK Companies House. However, such a name doesn’t exist among registered businesses, which implies that Equalpros is an anonymous entity. This modus operandi is applied by fraudsters only. 

Suppose that Equalpros is formed in the UK. In that case, it should be authorized by the British financial market regulator (FCA) to provide services legally in the UK. In fact, this shady brokerage firm claims that it is licensed under FCA, which is another baseless statement.

Is Equalpros Actually Regulated by the FCA?

Checking the FCA database about Equalpros is again a dead end — there is no information on this broker. Besides, FCA is among the best financial supervisory authorities, and its licensing requirements are demanding. For instance, all brokers must maintain a minimum operating capital of 1M GBP to become eligible for the license. In addition, FCA indemnifies traders with up to 85,000 GBP in the event of a broker’s bankruptcy. Finally, there is no way that such a fraudulent broker can hold a prestigious FCA trading credential.

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

As we have already introduced, FCA-approved brokerage firms are financially stable and their traders are covered by the FCA compensation scheme. The same applies to legitimate brokers regulated by other top-notch financial market regulators such as Australian ASIC and Germany BaFin. 

Other than this, certified brokers provide a great deal of funds protection. Adhering to strict rules of conduct, legit companies mitigate trading risks by assigning risk management measures such as negative balance protection and segregation of funds.

Is Equalpros a Legit Broker or a Scam?

Equalpros is not only an illegal and anonymous broker but a fraudster that lies about being a licensed forex provider. It represents a huge risk to traders due to its criminal behavior and poor services. Thus, stay away from Equalpros.

What Trading Software Does Equalpros Offer?

When it comes to the Equalpros trading software, it is as effective as this bogus brokerage firm. It offers a subpar web trader that comes with limited features. Thus, it fails to ensure safe and successful trading. You can’t use advanced tools like copy trading, fast execution, stop loss, unlimited pending orders, and algorithmic trading. For that, you need forex brokers utilizing cutting-edge technology, i.e., MetaTrader 4, MetaTrader 5, cTrader, and Sirix. 

Mobile App

Speaking of the Equalpros mobile trading app, it can’t even be downloaded. This phony broker falsely promises this option just to entice people into trading. Unlike Equalpros, leading brokerage services provide proprietary mobile trading applications for Android and iPhone users, enabling trading on the go. In addition, you should always download mobile apps only from Google Play and Apple Store. 

AnyDesk and TeamViewer

While on the subject of security, this fraudster jeopardizes your safety and privacy by encouraging you to download AnyDesk and TeamViewer. These two software programs are not related to trading. They are not even trading platforms. The only purpose of offering them is to gain access to your desktop computers and steal your data like credit card details. So keep in mind that AnyDesk and TeamViewer are remote control programs used in social engineering.     

Equalpros Accounts Overview

Apropos of types of trading accounts at Equalpros, there is no information about this. In contrast, valid brokers offer multiple accounts including a demo account that allows traders to practice real-life trading for free and without risks. But a demo account option is not available with scam brokers since they can’t earn on deposits and also it exposes their poor services.

Also, with genuine companies, you have several live trading accounts, and deposits start from 10 USD. On the other hand, broker scams like Equalpros require several times higher deposits. Generally speaking, don’t pay attention to this broker’s offer since any dealings with Equalpros will end up bad for you in a financial sense.

Equalpros Range of Trading Markets      

With reference to trading instruments, Equalpros allegedly provides access to global markets and the following products.

• Forex: EUR/USD, GBP/AUD, USD/CAD
• Shares: Apple, Google, Amazon 
• Commodities: gold, silver, crude oil 
• Crypto: Bitcoin, Ethereum, Litecoin
• Indices: UK100, DAX30, S&P500. 

Even if this is possible, it still doesn’t change the fact that this company is an outright scam. If you want to trade on global markets safely and successfully, you should opt for licensed and reputable forex brokers.

Also remember the names of the Capital Markets Strategy Ltd, CoinmasFX and 44Trades trading scams and avoid them at all costs! Moreover, always check the background of online trading companies before investing!

Leverage, Minimum Deposit, and Fees

Concerning leverage, Equalpros hasn’t revealed its maximum leverage ratio. You should know that leverage is a great instrument for gaining profits. The higher the leverage ratio, the higher the earnings. For instance, 1:100 leverage means that on every dollar invested, you get a 100-dollar income.

However, you should be cautious about this since leverage is also risky, and you can easily lose money. For this reason, many jurisdictions limit leverage. If it were a real UK-based broker, Equalpros would have 1:30 leverage. Anyway, we are sure that this financial swindler offers a much higher leverage ratio to lure you into trading. 

As for a deposit, it is unknown what a minimum required deposit is at Equalpros. This dirty trick is used by fraudsters so that they can charge you for deposits as they pleased. Additionally, this company is not transparent about trading costs. But considering its illicit nature and despite the fact that it guarantees low-cost trading, it probably levies hefty fees.

What Is Known About Equalpros’s Trading Conditions?

Regarding Equalpros trading conditions, this dishonest scam broker gives a fake warrant of keeping your funds separate from its capital (segregated accounts). In reality, this con artist can’t wait to get hold of your money. Likewise, Equalpros makes an empty promise of taking care of traders by preventing them from losing more than deposited (negative balance protection). Actually, it doesn’t want to limit your losses — remember, it wants to rip you off. 

As for spreads at Equalpros — it is the same as for leverage, deposits, and trading costs — they are unknown. Anyway, bear in mind that the trading environment is unfavorable with scam brokers manipulating terms of exchange to draw your attention.

In addition, Equalpros doesn’t reveal the accepted means of payment. Anyway, we are sure that it only supports crypto payments since they are anonymous and hard to reverse. More on this matter in the following heading. 

Scammed by Equalpros Broker? – Let Us Hear Your Story

If you are attracted by Equalpros’ early bonuses, its visa card that guarantees 8% back, or its promise of 14% interest earnings and invested your money here, you are scammed. However, there is still a chance to get your money back. But first, you should report it to the relevant authorities. Also, don’t forget to leave negative Equalpros reviews and warm others.

But What Is A Chargeback?

As said, getting money back is possible with a credit card and bank transfers. Visa and MasterCard offer cashback within 540 days while bank transactions can be terminated until they are confirmed. But when it comes to crypto wallets, it is more challenging for a chargeback. That is why fraudsters frequently use cryptocurrencies. Nevertheless, with the help of cyber security experts, even crypto payments can be reversed. So, for this reason, get in touch with our chargeback specialists.

What Is Equalpros?

 It is an unregulated and unlicensed brokerage firm that fraudulently claims to be authorized by FCA.

Is Equalpros a Scam Broker?

Yes, it is, it operates illegally and anonymously and counterfeits the FCA license.

Is Equalpros Available in the United States or the UK?

 It is not available in the US but is in the UK. But it is not permitted to provide services anywhere.

Does Equalpros Offer a Demo Account?

No, it doesn’t. That is so typical of trading scams.

A highly skilled team of experts supposedly running this illicit business promises to turn any retail trader into a professional. In addition, their shabby web presentation will make you believe their platform is the only thing you need to succeed as an investor. 

If you want to truly seize lucrative Forex trading opportunities, you should choose a better service provider and read our Kite Fx review for more details on fund recovery.

Anonymous Company Detected

In case you’re wondering who stands behind the questionable Kite Fx broker, you ought to check their registration details first. While the firm claims to be based in London, operating as a “UK Fund Manager Company”, no official information can prove that. 

After checking the public business register of legally incorporated UK entities, we found no firm with this name at their alleged address. There are a few other firms registered in that location, but none has anything to do with the Forex dealer we’re reviewing.

Additionally, the phone number posted as contact information matches the one on another brokerage site – fxmagician.com. And this company claims to operate out of the UAE!

Proof of Illegitimacy

If a firm operates in the UK, it would be required to obtain a permit from the jurisdictional regulatory body. The business, however, only shows in the FCA database as an unregulated brokerage brand. 

The warning published by this prominent financial authority states that the website is completely illegal and steals their customers’ funds. Without segregated bank accounts, security procedures and controlled trading conditions, protected investing is not possible on this platform!

Another broker we’ve been warned about by the FCA is IronWave Capital, so make sure you read our take on this company as well.

Who the Scammer Preys Upon

We can’t expect the company which was established just recently to be famous for their quality of service. The only thing these fraudsters are going to be known for is the warnings and the number of victims they have defrauded. For now, it appears that the majority of their targets belong to these nations:

• Australia
• France
• Belgium
• United Kingdom

Newly registered online trading domains should never be trusted. This scheme has only been running since October 2024. Recent registration also explains the lack of any Kite Fx reviews.

If you have faced loss and would like to recover your investments from illicit brokers, please contact us as soon as possible. 

Trading Experience With Kite Fx app

The self-proclaimed giant of the Forex trading world allegedly offers state-of-the-art trading software that maximizes your trading efficiency. However, there is no way to access it without completing the registration process first.

Signing up, however, is not possible unless you provide a so-called “Sponsor ID,” which means that you need a referral. What this implies is that the broker likes to hand-pick their victims and limit who can preview their platform.

Further information about the trading software isn’t available, except for the promotional material on the site, which has nothing but fake words of greatness.

All Fees Hidden

The fact that no legal documentation is present speaks volumes about the transparency and honesty of this broker. Trading portals with impeccable reputations are obligated to post all legal texts and clarify the costs of their services.

On the other hand, the Kite Fx trading scheme, as well as many others like Fargo Consulting, tends to keep all costs concealed. The dishonesty about trading tax and other costs is a clear sign of a platform being unlawful. Therefore, you can expect sudden fees and unjust pricing.

Dilemmas About Withdrawals

Although you should never even consider depositing on blacklisted sites, let’s say you’re interested in investing here. 

First off, besides hidden costs, you’ll find no information about supported payment channels. Even if you somehow manage to sign up and put some money in your account, you’ll never be able to retrieve it without professional help.

You see, withdrawals simply do not work on unregulated platforms, and you won’t be making any real money. Not only will you not be able to complete a profit payout, but even the initial sum you deposited will remain stuck with the schemers. 

Support Channels for Customers

As previously mentioned, the same phone number this site lists is also found on other brokerage web presentations. That means the contact details are most probably fake.

We also found an email address of the company but no one replied to our repeated emails. It seems like either no one cares about replying to customers or no support office exists at all.

Alleged account managers and guides are only available when you want to deposit. As soon as you start facing issues, any previous communication is cut off. 

Help in Case of Scam

It’s understandable if you’ve fallen victim to the boiler room sweet talk of the Kite Fx scam. It happens even to professional, well-experienced online traders. What is absolutely crucial to remember is that help is available.

If you contact us today, we can book your free consultation and advise you on how to act further in order to get your finances back as soon as possible. Don’t hesitate to ask for the help that you need. The sooner you act, the higher the chances of getting back what is rightfully yours!

FAQ

Is This Company a Regulated UK Forex Broker?

No, this bogus website advertises and sells unregulated online trading services. The firm only claims to be located in London, but their real location is not known.

Can Lost Money Be Recovered?

In order to find out more about the potential recovery options, we suggest you contact our chargeback professionals. Our experts can help you track your investments and get them back.

Schemes focusing on providing passive returns have always attracted novice investors. Each and every one of these shady firms claim to offer lucrative investment opportunities, with a chance for you to have your initial deposit multiplied almost overnight. 

As we always tend to remind our readers, if an offer sounds too good to be true, it’s probably a scam. Keep reading our Dealnet Capital review for more details on how to avoid being defrauded.

Company Owners Remain Unknown

All our attempts at finding out who is behind the Dealnet Capital trading platform were unsuccessful. No matter how meticulously we investigated the website and its information, there was no evidence of the company even existing.

Since no useful corporate details were published, there is no way to determine where this entity operates from. We only find an alleged phone number, which may as well be just a randomly generated string of numbers since it doesn’t appear anywhere else online.

Considering these circumstances, the most likely scenario is that the business isn’t even registered and only exists in the form of a website.

Red Flags Concerning Fund Safety

The absence of legal information on the site immediately makes you question how lawful this business is. After looking through several regulatory databases like CNMV, NFA, FINMA, and others, we found no proof of legitimacy.

A definite confirmation of the firm being illicit is the fact that they’re blacklisted by FCA. We found this recent publication by the main regulatory body of the UK which states that the firm operates without legal constraints and is dangerous for all interested investors.

Without access to proper security measures, segregation of funds, and negative balance protection, clients can’t expect to trade safely on this portal. 

Ruthless Fraud

The Dealnet Digital website has been operational since December 2023. During this period, the boiler room organization has been stealing from investors from all over the world. 

Traders that have suffered the biggest financial damage are mostly from:

• Switzerland
• Malaysia
• United Kingdom

While it may sound extremely attractive to just invest and sit back, waiting for the profit to arrive, these stories are anything but plausible. 

Therefore, if you’ve invested in this scheme or Quontic.vc, for example, you should immediately contact us for help before it’s too late to recover.

Forfeit Options and Features

Innovative investment techniques and specialized funding opportunities are just some of the alleged premium services this fraudster claims to provide. 

When you look at the numbers representing the guaranteed returns, you may get dizzy from how alluring they are.

Don’t forget that this entity is an anonymous one and doesn’t own a license for the services it promotes. If they had a decent platform, it would at least feature some kind of trading app.

Nonetheless, let’s review the choice of accounts and their price range: 

• Bronze – $1.000 for 25% weekly returns
• Silver – $10.000 for 45% weekly returns
• Gold – $50.000 for 60% monthly returns
• Diamond – $100.000 for 75% monthly returns
• Mining Plan – $20.000 for 25% 72 Hours ROI for 4 weeks
• Real Estate Plan – $50.000 for 42% weekly ROI for 12 months

Unclear Costs of Services

Transparency is mandatory for any properly regulated online investment company. Of course, we can’t expect a flagged site without a license to be honest about the taxes they apply.

That’s why you won’t find a single piece of information clarifying the fees and other costs related to trading, services, and payouts. This can lead to taxes and fees being demanded of you to pay without any prior warning. 

Deposits Stuck With Fraudsters

No matter what sum you decide to deposit with a fraudulent website, you won’t be able to earn anything. 

Not only that, but you’ll also struggle to get your initial investment back, considering that these con artists trick you into depositing without the intention to give anything back. 

As evident, the platform only accepts payments in cryptocurrencies, which makes it easier for the tricksters to remain anonymous. 

Dealnet Capital crypto transfers aren’t safe, so refrain from agreeing to these kinds of transactions. EuroDex is another charlatan that profits by stealing digital assets. Make sure you read our review before concluding any deals with such entities.

Tending to Clients

Considering that the promised live chat is nowhere to be found on the site, we explored other channels of establishing communication with the staff. There are two phone numbers are offered as means of contact, as well as a WhatsApp number.

Besides that, we also found an email address and attempted to contact them this way. Unfortunately, all of our inquiries were left unanswered. 

If there were any Dealnet Capital reviews online, they’d most likely be negative due to such poor customer service. 

Act Before It’s Too Late!

Seeing how devious these crooks can get, we advise utmost caution when trying to find a good investment firm. Danger lurks at every corner, so it’s important to know you have someone to rely on when you need help.

Our chargeback team provides reliable advice and legal support for scam victims. If you have lost money to the Dealnet Capital scam, feel free to reach out to us. The first consultation is always free!

 FAQ

Should I Trust This Investment Firm?

With a public warning and no legal information about them, this company is a risky investment partner.

What Are My Recovery Options?

In order to have any chance at recovering lost cash, we recommend you get in touch with our chargeback experts.

FBK Markets company is operating under the name FBK Markets SA (Pty) Ltd. With the domain active since 2020, they didn’t manage to build a trustworthy reputation. Especially after so many negative reviews.

But what ignited those reviews in the first place, you can find out in this detailed FBK Markets review. Let’s see if we can trust our money to FBKMarkets broker or if should we look for another one.

Legal Info: Is FBK Markets Legit Or A Scam?

Indeed, the company listed on its website, RCG Markets (PTY) Ltd is a legit and active FSCA trading licensee. However, in the FSCA register, there is no connection with the fbkmakets.com website. This is what led us suspect that we’re dealing with a clone firm.

It all looks like they are just using someone else’s details to make themselves look legit. Another proof of that is that the company FBK Markets mentions as their partner is not mentioning them in the legal documents. Even if you exclude all of this, this broker doesn’t have any Tier 1 license, such as FCA, BaFin or ASIC.

Who Are FBK Markets’s Clients?

FBK Markets broker is mainly targeting African traders. Those are mainly coming from:

• South Africa
• Lesotho
• Botswana

The main reason behind it is low-tier regulation and weak laws. But also the risk-reward ratio for them. Therefore, don’t hesitate to share your experience with us. In the end, our team can make you a strategy for a refund.

Traders Reviews

Another warning sign of FBK Markets broker is its reviews. On Trustpilot, there are currently 42 comments with more than 20% of negative ones. Traders are mostly complaining about withdrawals and frozen accounts.

These are something that often happens with unregulated brokers. So, there you have another proof. If that also happened to you, contact our team as soon as possible for refund guidance.

Fees, Spreads, Leverage and Commissions With FBK Markets

In the first place, the company offers extremely high leverage. Without negative balance protection and leverage of 1:1000, you can easily lose everything, but also get into debt. Starting spreads can be as low as 0.0 pips. But with scam brokers, it rarely matches. Generally, commissions of $9 are quite expensive.

Bonuses

If all of the above is not enough, there are also welcome bonuses. But up to 100% of the deposit amount. Luckily, in South Africa, these are not banned yet. Once you read their bonus policy, you realize that the company can terminate all the bonus funds without any prior notice.

That’s why you should trade with Tier 1 licensed brokers. For example, you can check our Exante review for one of those.

FBK Markets Trading Features

FBK Markets app download option leads to trusted Meta Trader 4 software. Practically, the only positive thing about the broker. With multiple advanced features, it can launch your results into the sky. But also, FBK Markets leverage can wipe it off in seconds.

Is FBK Markets Legit?

Absolutely not. The company is trying to make itself legit, but its reviews say the opposite. If they are doing anything by the book, they wouldn’t have so many unsatisfied clients.

Available Trading Assets

Like any other broker, they tend to offer as much as possible tradeable instruments. Don’t forget their high leverage if you are trading volatile assets like crypto. Anyway, you can choose:

• Forex                        USD/JPY, AUD/HKD
• Commodities            gold, silver
• Indices                      ASX200, CAC40
• Shares                      Amazon, NVidia
• Crypto                      BTC, DOGE

Account Types

FBK Markets account types are divided into 5 groups. The minimum deposit requirement for all of those starts at R100. You can choose:

• Standard
• Zero Spread
• Bonus 100
• ECN
• Micro

Mobile Trading App

The mobile trading app is available for any MT4 user. In general, for some traders, this plays a dealbreaker. Because many traders often trade remotely and on the run.

Demo Account

Important to realize is that the company doesn’t offer a demo account. Even though it’s a standard part of the MT4 package. Thus, their minimum deposit is relatively low and you can try your luck. However, it’s always better to do so with a licensed broker, like Equiti.

Education

Sadly, the company doesn’t offer any kind of regulation. Not even webinars or general information about trading. That’s another weak point of this broker.

FBK Markets Withdrawal

FBK Markets claims to process withdrawal requests within 48 hours. However, they have the right to decline it in case they think you don’t comply with their T&Cs. All the withdrawals are processed with Electronic Funds Transfer, without fees.

However, some traders reported different situations. Therefore, be extremely careful with this broker.

Customer Support

FBK Markets owner details and contact details are fully transparent. Their support is available 24/7 via phone, e-mail and live chat. Thus, some clients reported a lack of response if you are looking for a withdrawal.

Key Information To Consider About FBK Markets?

Primarily, the company operates under suspicious license details. Even though there’s FBK Markets MT4 software, don’t let that trick you. If it’s going to cost you whether through FBK Markets spreads or nonexistent fees it’s not worth it.

Instead, you can choose Tier 1 licensed brokers and sleep tight. Nevertheless, if you lost money we share your pain. You are not the first or last person who is going through that. Still, our team can provide you with detailed guidance for the fund’s recovery process. Get in touch now to find out more!

FAQ Section

What is FBK Markets?

FBK Markets is a South African company operating since 2020 in FX and CFD trading services.

Is FBK Markets A Regulated Broker?

The license the company provides on the website is not linked anyhow to its website or company name.

Who Is The Owner Of FBK Markets?

The ownership of the fbkmarkets.com website belongs to FBK Markets SA (Pty) Ltd.

When Did FBK Markets Start Operating?

They started in 2020. But they didn’t build up a trusted reputation. In case you had any issues, let us know. Ultimately, our team can help you with the refund.

What Does FBK Markets Do?

FBK Markets broker offers Forex and Contract For Difference (CFD) trading services mainly in Africa.

It looks like 2021 was a highly fruitful year for offshore scammers. We’ve come across numerous new companies, all based on the infamous James Street of Saint Vincent and the Grenadines, all without any kind of license. One of those is the subject of today’s review, Trading Tech.

What About TradingTech Regulation?

TradingTech appears to be owned by Eudaimon Consulting LLC, allegedly registered in Saint Vincent and the Grenadines. However, it seems that all new brokers have been registered under the same number, exact address, and with the same goal – to defraud clients. Knowing that SVG has no financial regulator, we’ve checked the FSA register just to determine whether the owner is an actual or yet another fake investment firm. It turned out to be the posterior one. 

Now that we know that the owner is not legitimate and the brand is unregulated, we can advise you to stay away from the TradingTech scam.

In addition, we strongly advise you not to invest in Zivyard, OriginInvest and Morgan FX Capital fraudulent brokers.

Fund Withdrawal Issues With TradingTech Broker

Once we discovered that the TradingTech broker has no regulation, we knew that withdrawal complaints were inevitable. Offshore brokers, especially those who don’t even bother to establish a real company, have only one thing in their mind – to steal as much money as possible and vanish. Clients complain that their accounts are being suspended once they submit a withdrawal request, and access is impossible. 

If you find yourself in this situation, let us know.

Areas Of TradingTech Trading Scam

The main problems with TradingTech seem to be in Germany, Spain, and Singapore. However, we’ve read reviews from the UK, the Netherlands, Australia, Austria, Belgium, and more. The conclusion of this story would be – if you want to avoid being scammed, avoid accepting any offers coming from TradingTech.

Traders About TradingTech Scam

Frozen accounts, inability to withdraw money, stolen deposits, fake trades. These are just some of the issues that TradingTech clients are experiencing. Their main question is whether it’s possible to get the money back if the broker refuses to approve the refund. The answer is yes, it’s possible; you just need the right tools and the right assistance.

How Does Online Trading Scam Work?

Throughout our reviews, we’ve seen all kinds of brokers. Some of them are regulated but use offshore entities to defraud clients. Some are in reputable countries but unlicensed to avoid any type of supervision. And some are like TradingTech, didn’t even bother to open a legitimate company, but established a website and started defrauding. Once you submit your information to their fake ad and invest the first money, you can expect your account manager to harass you for more and more money every day. Yet, once you wish to see results and profit back, this same account manager will disappear, and you won’t be able to get in touch with anyone from the company. This is when you’ll know that you have been scammed.

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

Scammed by TradingTech? – Tell Us Your Story

If you were scammed by TradingTech or a similar bogus broker, it’s time to tell your story. You need all the possible assistance, and we’re here to provide it. Our chargeback specialists will go above and beyond to help you find the best refund solution.

But What Is A Chargeback?

If you have used your credit card to make a deposit, a chargeback would be the way to refund it. Your bank has the ability to get the money back from the merchant if you can prove that you have been scammed. Contact us via online chat to book a free consultation, and let’s make a move before it’s too late!

What Is TradingTech?

TradingTech is an online Forex and CFD trading provider without regulations.

Is TradingTech A Scam Broker?

TradingTech is a fraudulent offshore firm without regulation.

Is TradingTech Regulated?

TradingTech is not regulated and provides financial services illegally.

In today’s ETF Corp review, we have investigated an investment scam that has been warned against by several financial authorities. ETF Corp is a classic fraudulent broker falsely impersonating a legitimate brokerage firm to draw your attention, build your trust, and rip you off. In reality, it is a far cry from being a licensed and regulated business. Its services are grounded on falsehoods and deception. All in all, this con artist represents a credible threat to your financial well-being, therefore, stay away from ETF Corp.

Additionally, we strongly advise you to avoid the fraudulent brokers Profits Vision, The Liberty International, and UF Solution.

Is ETF Corp a Licensed Crypto Broker?

Simply put, no, it is not. On the contrary, ETF Corp is exposed by several major watchdogs. As such, it can’t hold any valid broker’s license, despite it professing the opposite. In addition to this, this phony broker is not transparent about its headquarters. So, being an anonymous and unregulated brokerage company is more than enough grounds for declaring ETF Corp an outright trading scam. 

Lies About Accreditations And Licenses

Moreover, this shady brokerage firm deceives people by deliberately lying that it is authorized by the Australian ASIC, Cyprus CySEC, Belize IFSEC, Belgian FSMA, Vanuatu FSC, and Mauritius FSC. This claim can easily be refuted if you check the registers of aforesaid financial market regulators. Additionally, this dishonest scam broker posts a counterfeited certificate issued by Vanuatu Financial Services Commission on its website.

Likewise, its trading conditions are contradictory to legislation in some of those jurisdictions. For example, CySEC limits leverage to 1:20 while ETF Corp’s maximum leverage ratio is 1:500.

How Reliable Is ETF Corp Broker?

ETF Corp is a bogus brokerage firm that hides its whereabouts and lies about licenses. Besides that, several government authorities have issued a warning against this fraudster. Other than that, its trading environment is adverse and can’t enable success. Overall, steer clear of ETF Corp by all means.

Fraud Warnings From Financial Regulators

But that is not all. On top of being anonymous and unlicensed, and fabricating accreditations, ETF Corp is blacklisted by the following supervisory agencies. 

• The Spanish CNMV (Comisión Nacional del Mercado de Valores or National Securities Market Commission) is the government body regulating the securities markets in this country.

• The Italian CONSOB (Commissione Nazionale per le Societa e la Borsa or Italian Companies and Exchange Commission) is the government authority controlling the foreign exchange markets in this country.

• The Slovenian ATVP (Agencija za trg vrednostnih papirjev or Securities Market Agency) is responsible for supervising forex providers in this market.

ETF Corp Offers Safe Trading Software?

Regarding trading software provided by ETF Corp, as expected, it is an insufficient trading platform, a web trader. That being said, it can’t meet the requirements for profitable trading because it lacks adequate functionality. When it is compared to modern trading programs like MetaTrader 4 (MT4), MetaTrader 5 (MT5), cTrader, and Sirix, it lags behind. Unlike the ETF Corp trading program, the foregoing platforms ensure secure and successful trading thanks to their advanced tools such as stop loss, social trading, and expert advisors.

Mobile App for iOS and Android

Furthermore, the abovementioned programs can be accessed from any device (desktops, tablets, and smartphones). Speaking of mobile trading, for example, you can download the MT4 trading app on Google Play and Apple Store and enjoy trading on the go. In addition, the usefulness, performance, and features are the same on all devices. In contrast, the ETF Corp web trader is impractical for mobile trading as it is for trading on PCs. That means that ETF Corp trades can access this trading platform only via browsers, with no dedicated mobile trading application. 

ETF Corp Range of Trading Markets

Concerning tradable assets available at ETF Corp, as any other broker scam, it gives empty promises of providing more than two hundred trading instruments, including the following.

• Currency pairs: USD/EUR, GBP/CHF, EUR/AUD;
• Commodities: metals (gold, silver, nickel), energies (natural gas, crude oil), and agricultural products (corn, wheat, sugar);
• Crypto: Bitcoin, Dogecoin, Tether;
• Stocks: Airbus Group, British American Tobacco, Chevron Corporation;
• Indices: CAC40, DAX30, NASDAQ100.

Even if you can trade on these markets, trading is rested on disadvantageous conditions. Also, since no one monitors and controls unlicensed brokerage services, ETF Corp can change its terms as it pleases.

What Do We Know About ETF Corp Account Types?

When it comes to ETF Corp trading accounts, there are three versions.

• Investor: minimum deposit 1,000 USD, 1:20 leverage;
• Trader: minimum deposit 25,000 USD, 1:50 leverage;
• Professional: minimum deposit 50,000 USD, 1:100.

Comparing these accounts, it comes to our attention that only holders of a professional account have access to the full set of trading instruments. In other words, a trader has to invest 50,000 USD to be allowed to trade with assets that every legit forex provider offers for less than 50 USD. This plain cheating is so typical of scam brokers.

ETF Corp – Countries Of Service

Despite numerous warnings, the ETF Corp broker continues to capitalize on people’s interest in forex trading. It has been around since 2016, scamming traders from

• France
• UAE
• Finland.

If you are a trader based in one of the aforementioned countries, you should know that every broker providing services in these markets must be certified by AMF (France), DFSA (UAE), and FIN-FSA (Finland). Thus, we urge traders to refrain from dealing with unauthorized brokerage firms.

Also, avoid the trading frauds Limit Markets, IndexEvolve, and Gamma Capitals at all costs! Moreover, before investing, always look into the past of internet trading firms!

What Is Known About ETF Corp’s Trading Conditions?

In relation to trading conditions at ETF Corp, they are predictably manipulated to entice traders. For example, its professional account comes with deposit insurance, 1:100 leverage, and ultra-low trading fees. First, no insurance is possible with an unlicensed business. Then, its leverage goes against the allowed ratio for retail traders, which is a huge financial risk. Finally, you have to put in a 50K minimum deposit to enjoy low trading commissions. This offer is an outrageous and apparent rip-off.

Minimum Deposit, Withdrawal Terms, and Fees

With reference to the minimum deposit here, as introduced, it is 1,000 USD. It is several times higher than what genuine brokers require. For instance, the opening balance with top-notch forex brokers is between 1 and 100 USD. 

In connection to the payment methods accepted by this illegal broker, there are not many details about it. However, we assume that you can’t use safe funding methods like credit cards and bank transfers. More likely, it supports only crypto wallets, a common malicious tactic applied by fraudsters. 

As for withdrawals, don’t expect that they are possible with financial swindlers. Its withdrawal terms are ambiguous, and it will find countless excuses to prevent you from drawing your funds out.

Scammed by ETF Corp Broker? – Let Us Hear Your Story

So, don’t believe ETF Corp reviews on the internet since they are fabricated to appear positive. Unlucky victims of this unscrupulous broker should act immediately. First, notify the relevant authorities and warn others about this trading scam. Then know that you can get your money back with professional help from chargeback specialists.

But What Is A Chargeback?

If you wonder what the chargeback is, briefly, it enables you to retrieve the funds. A chargeback process depends on the means of payment. It is straightforward with credit and debit cards because this form of payment is reversible. Just be aware of a 540-deadline with VISA and Mastercard. 

Wire transfers are also safe; but if you confirm a transaction, it can’t be refunded. Lastly, crypto payments are considered the most challenging to charge back due to anonymity. For this reason, con artists insist on deposits through crypto wallets. Anyway, with cyber security experts, it is doable to reverse any means of payment. Apropos this, get in touch with our company for assistance.

What Is ETF Corp?

ETF Corp is an unlicensed and unregulated broker running scamming schemes.

Is ETF Corp a Scam Broker?

Yes, ETF Corp is a broker scam exposed by several major watchdogs.

Is ETF Corp Available in the United States or the UK?

ETF Corp is not available in the US but is in the UK; anyway, it is, by all means, an unauthorized broker.

Does ETF Corp Offer a Demo Account?

No, ETF Corp doesn’t provide a demo account since fraudsters rarely offer this type of account.