Founded in 2019 in Estonia, the Coinumm exchange enables users to trade popular cryptocurrencies such as Bitcoin, Ethereum, and Litecoin. The website highlights that the platform facilitates direct crypto transfers to users’ wallet addresses. 

However, the legal background of this firm is rather dubious, indicating that the platform may potentially be a scam. We investigate further in our Coinumm Review to get much-needed answers and show readers whether they should trust the suspicious exchange. 

Legal Info: Is Coinumm Regulated?

The User Agreement stipulates that the platform is governed by the laws of three different jurisdictions – Estonia, Lithuania, and Poland. The central firm is registered in Estonia. However, none of the three entities are regulated, making the exchange risky, just like Monfex.

It is important to highlight that all three countries belong to the European Economic Area (EEA), in which European Securities and Markets Authority (ESMA) laws are in force. 

ESMA provides MiFID passports to authorized entities, enabling them to conduct business across Europe and offer compensation contracts of up to 20,000 EUR in case of insolvency or suspicious losses. Engaging in trading activities on this platform carries substantial risks due to the absence of regulatory oversight.

Therefore, we recommend you trade firms that are licensed to operate under the jurisdiction of esteemed financial market authorities such as the FCA (UK), SEC (US), ASIC (Australia), IIROC (Canada), MAS (Singapore), CySEC (Cyprus), etc. 

Trader Reviews – Sharing Experiences

We searched for Coinumm reviews on trustpilot.com only to discover that the website detected several fake reviews for this company and removed them. Not a good look for the shady exchange. A verified user called them fraudsters, adding that the company works with the scammers, they will take your money.

More complaints can be found on scamadviser.com. Negative reviews helped us expose numerous frauds such as the FTMO scheme so be sure to always check the honest feedback your provider received.   

Crypto hoodwinkers typically lure potential victims into their schemes using private Telegram channels and WhatsApp chats so be careful. Just check out this Reddit thread.

Who Are Coinumm’s Targets?

According to godaddy.com/whois, the coinumm.com website domain was created on August 30, 2019. Since then, the swindling crypto platform has mainly been targeting unsuspecting traders who reside in the following countries:

• France;
• Italy;
• Poland;
• Slovakia;
• Czechia.

All three countries are EU members, meaning their respective regulators implement common European regulations and the MiFID passport system. They require market participants to obtain the aforementioned license. To reiterate, this exchange is not ESMA-approved.

We have already stressed the fact that if you invest money in this platform, you cannot count on help from the regulators or financial compensation.

Which Trading Platform Is Available?

The exchange offers a relatively simple web terminal that supports spot cryptocurrency trading. The Coinumm cryptos include popular choices such as Bitcoin, Ethereum, Ripple, and Litecoin.

While the platform ensures users have access to basic tools such as graphs, charts, and indicators, it lacks any remotely advanced options, making trading relatively ineffective in the long run.  

We thus recommend avoiding unreliable platforms and sticking to licensed providers that support recognized third-party software like MT4 or MT5. 

MTs boast an array of cutting-edge tools, including automated trading, live market reports, advanced charting capabilities, a user-friendly interface, and instant order execution.

Outlined Fee Structure

Coinumm outlines various fees associated with buying and selling cryptocurrencies on its platform. For purchases using VISA/MasterCard, Neteller, Skrill, SEPA/SWIFT, and PaySafeCard, users face processing fees ranging from 0% to 11%, with additional Coinumm fees ranging from 3% to 6%. 

Network fees also apply. When selling, SEPA incurs a 20 EUR processing fee and a 6% platform fee, while Neteller, VISA/MasterCard, and Skrill transactions involve processing fees of 4.5% with varying exchange fees. Maker and taker trading commissions were not disclosed.

Suspicious Affiliate Program

The Coinumm affiliate program grants users up to 0.8% of the profit generated by new members recruited through their referral link. Additionally, the program allows partners to earn up to 0.8% from each exchange via monitoring. 

The process involves creating an account, obtaining a referral link, referring customers, and earning commissions of up to 20%. This program is supposed to expand the client base and improve collaboration with monitoring partners.

However, it is essential to highlight that the described structure bears a resemblance to a Ponzi scheme, primarily centered around recruiting new members. Ponzi schemes typically rely on using funds from fresh investors to meet returns for existing ones. Caution is strongly advised!

Funding Options and Refund Methods

Coinumm lists several methods that can be used to buy crypto on the platform and withdraw generated funds:

• Credit/debit cards (MasterCard, VISA);
• Wire transfers;
• E-wallets (Skrill, Neteller).

A MasterCard/VISA transaction can be reversed via a chargeback. You can request a chargeback at your issuing bank within 540 days of the transaction. Wires require a recall but this process will only work if the payment hasn’t gone through yet.

If you experience any withdrawal-related issues on the platform, please contact us. We have experts who specialize in various fund recovery methods and we gladly offer our services. 

Key Information To Consider About Coinumm

To sum up, we give a verdict on the platform – Coinumm is a shady crypto scheme designed to defraud European traders and investors. The platform is not regulated or approved by any financial authority.  

We do not recommend the exchange because it is nothing but a hoax to deceive users through a bogus website and fake reviews.

If you have fallen victim to the Coinumm scam and cannot withdraw your funds, we offer professional services and assistance. Book your free consultation with Scam Brokers Reviews today!

Book a free consultation with us and start the chargeback process.

FAQ Section

What is Coinumm?

Coinumm is a shady crypto exchange founded in Estonia that offers spot trading and an affiliate program to users.

Is Coinumm a Legit Exchange?

No, Coinum is not a legit crypto exchange. The firm running it is not authorized by any regulator to provide services.

Is My Crypto Safe With Coinumm?

No, all the coins you buy via this exchange can easily be stolen. Please refrain from risking your funds.

If you don’t know where to look for details, this brokerage can trick you easily. With the crucial information being hidden from you in T&Cs, it’s quite easy to overlook them.

Luckily, experienced traders know how to recognize scams from a mile away. This company is a perfect example. To find out all about them, stick with us until the end of this Central Markets Invest review.

Legal Info: Is Central Markets Invest Legit Or A Scam?

When a company claims to be registered in the UK, you should be pretty happy about it primarily because it’s quite easy to find out if they are legit or not. As can be seen, this broker presents itself as an FCA and ASIC-regulated firm. If that were the case, we would be the first to choose them.

Thus, when you search those registers, you won’t find them there. Instead, you can only find a warning. Nothing less but from the FCA itself. If that’s not a sign to keep your money away from this firm, nothing will be.

Who Are Central Markets Invest’s Victims?

Since 2023, when this trading brand was established, they have mainly targeted a few countries. Of course, the ones where they don’t have authorization. In the case of this broker, those are: 

• United Kingdom
• United States

To be fair to you, the data is gathered with website analytics since no Central Markets Invest reviews are publicly available. However, to change that, we encourage you to share your experience in our comments section below. Ultimately, our team will reach out to you and advise you on refund options that you will certainly need with this brokerage.

Leverage, Commissions, Spreads, Fees and Taxes

One of the clear signs the Central Markets Invest broker is a scam is its leverage of up to 1:1000. Keep in mind that both ASIC and FCA allow brokerages to offer maximum of 1:30. If they want to operate legitimately, of course.

Another trick here is to hide behind low spreads starting from 0.18 pips and 0% commissions. But will you get such low costs? We highly doubt it.

         Bonuses

What’s surprising about Central Markets Invest Forex company is its bonus offer without clear policies. Therefore, if you accept any bonuses from them, you might get into trouble. 

But if you check out our tips from Raze Markets or Wisevests review, you might still stay safe.

Central Markets Invest Trading Features

Another way to attract inexperienced traders is through advanced features, such as automated trading, that Central Markets Invest trading firm offers. On top of that, there’s negative balance protection, allegedly real-time data, and advanced trading tools. Yet, not précised which ones.

         Trading Platforms Available

Brokerages often have a problem with their trading platform, especially if they don’t use cTrader or MetaTrader. In this case, it’s a proprietary web-based platform with all the mentioned features. But with misleading regulatory details, can you truly trust the company’s platform?

         Available Trading Assets

Overall, tradeable assets are meaningless if the company is not trusted. You’ll often see scam firms offering thousands of investment options. However, you can only expect a bit over 200 assets with this firm, such as: 

• Forex – USD/GBP, EUR/DOT
• Commodities – gold, natural gas
• Shares – IBM, Tesla
• Indices – ASX200, FTSE100
• Cryptos – XMR, SOL

         Account Types

To find out if Central Markets Invest is legit, you just have to check their account types. They will require higher and higher deposits for practically nothing in return. Currently available options are: 

• Basic – €250
• Silver – €5.000
• Gold – €25.000
• Diamond – €50.000
• VIP – €100.000

         Mobile Trading App

Another misleading detail of this fake brokerage is its mobile trading apps. They present traders with iOS and Android links for their CMI mobile app. However, these links don’t work at all. Therefore, the only thing you can expect is a webtrader for mobile.

         Demo Account

You’ll need a whole day of risk-free trading to test out all the company statements. That’s only possible via a demo account and that’s exactly why they don’t offer it. Surely, it’s another reason to choose another broker on time.

         Education

When it comes to trading education, the company doesn’t seem to believe it’s important. There are no webinars, live sessions, or anything that could help you learn how to trade properly. But with an unregulated broker, you can’t expect anything more.

Central Markets Invest Withdrawal

Apparently, there are many instant Central Markets Invest withdrawal methods available. But with all the misleading details, it’s highly unlikely those will ever happen, especially since the company hides all of its fees. 

To be fair, they claim the fees will depend on the bank. Indeed, they do. But the company doesn’t disclose any of its own fees for it.

Customer Support

Usually, top-tier licensed firms offer more transparent contact options and support working hours. The options you should be looking for are phone lines, live chat, and even Skype, which you get with some firms. 

In the case of the Central Markets Invest scam broker, there’s only an e-mail available.

Key Information To Consider About Central Markets Invest

The only detail you should keep in mind with this firm is misleading regulatory information. Proof of that can be found in the FCA warning. Therefore, none of your funds will ever be safe here. Thus, we understand if you trusted this firm for some reason. Even for experienced traders, some things make sense sometimes. 

But most importantly, after a mistake, it’s good to recover from it. Therefore, we suggest that you talk to our refund team to find out how. After all, the first consultation is free. Don’t wait for anything, and hit us up with a message right away.

FAQ Section

What is Central Markets Invest?

Central Markets Invest is an FX and CFD trading firm that presents itself as a trusted broker, and in reality, they are trying to clone a legitimate trading company.

Is Central Markets Invest Legit?

No. Central Markets Invest doesn’t have licenses they claim to have. Therefore, we advise you to withdraw your money immediately or contact us for advice on refunds if you have problems.

Who Owns Central Markets Invest?

According to the T&Cs, the company is owned by Central Markets Invest LTD. Thus, that detail is, as it seems, forged.

This Storm Age Capital review covers a completely anonymous trading company. They don’t offer any proper security or information about themselves. If you try to find any license or regulations information you won’t find anything.

Some scammers at least do their diligence and provide clients with trading information. Whether it’s fake or not, still they provide something.

What’s more, we strongly recommend that you avoid the fraudulent brokers Binetrix, SwissFS, and MaxVol.

Storm Age Capital Is A Scam Broker Without a License?

Whoever doesn’t provide you with basic information like ownership, licenses or trading conditions they are not up to good. You already have so many signs why not start trading with this trading company? But let’s find out more about it.

With Storm Age Capita, you don’t have any terms and conditions available. Company location, phone number, management, license and much more information are undisclosed.  Therefore, you have nothing to hope for here!

Why It Is Better Not to Choose An Unlicensed Broker

In trading these days, the most important part is security. There is no point in making money if you can’t take it out. That is the whole idea of these bogus scammers.

To make you invest as much as possible and to disappear with your money. They are mostly scamming traders from the US, United Arab Emirates and Canada.  That’s why you should work with licensed companies.

Especially ones who own licenses from Top Tier Regulators like ASIC, BaFin or FCA. Going through the register we couldn’t find any information about Storm Age Capital.

What Platforms Does Storm Age Capital Offer? – Available Trade Software

Unfortunately, you are not able to check the platform unless you provide the broker with personal information like ID. If they can’t provide you with simple information like their location, phone numbers, owners and team, there is no valid reason to trust them with your ID.

Therefore, we can just tell from Storm Age Capital reviews that they don’t offer anything spectacular. Their platform is most probably manipulated by their agents to trick you into believing you are making profits.

That way they can ask you for more money. Be careful and always look for companies that are offering trusted platforms like MT4 or MT5.

Storm Age Capital Range Investment Opportunities – Trading Instruments

They are limited in assets that are offered to clients – however, you can trade on:

• Forex – CAD/JPY, GBP/USD, USD/NZD
• Indices – DAX30, FTSE100, CAC40
• Shares – Apple, Nvidia, Microsoft
• Metals/Commodities – Gold, Silver, Platinum

Where Does Storm Age Capital Commit Fraud? – Countries Of Service

According to the research they are scamming people from:

• US
• Canada
• United Arab Emirates

On top of that, we seriously recommend you not to invest in the fake brokers SwissRoi, HighTrustCapital, and LionTrader. Do not trade with these unlicensed brokers if you want to save your money!

Storm Age Capital Accounts Overview

The first logical thing when you want to invest in something is to decide how much you will start with. Based on the conditions that the company is offering you can make an educated decision.

With Storm Age Capital broker you don’t have that information at all. They don’t provide any information about account types or anything similar to that.

Company Offers a Demo Account?

Since the company doesn’t offer any trading account types, we can assume that they don’t offer Demo Accounts. With these companies, idea is that they trick you in a phone call.

However, there is no confirmation of such a statement and we can’t say for sure if they offer Demo.

Minimum Deposit and How Do I Withdraw?

This is another level of mystery. The company doesn’t offer any information about the minimum deposit requirement. Moreover, if you don’t know how much and how to deposit, how to even think about withdrawals.

Usually, companies are offering withdrawals in the same way that you made a deposit. It is in most cases a Credit/Debit card, Wire transfer or cryptocurrency transfer.

With Storm Age Capital trading, all that information is unavailable.

Storm Age Capital Terms and Conditions

You would expect to find at least something in basic terms and conditions. Information about that is not disclosed on their website.

That’s a perfect example of why you should always consider trading with a regulated company. These scammers can now make up any story about why they need to keep your money.

Scammed by Storm Age Capital Broker? – Allow Us to Hear Your Story

We know that many people now understand the difference between honest and scamming trading companies. If you were caught in any case in a scam by Storm Age Capital, let us know more!

It’s not everything lost, you just need to know the right path. Our experts can simplify your solutions and assist you in your first steps.

What Is the Chargeback Procedure?

A chargeback is a reversal transfer of money in case of transactions with a Credit/Debit card. These are the most used methods and they are easily traceable.

This process can be initiated by the cardholder or by the merchant itself. In any case, it is a very powerful tool for getting your money back.

What Is Storm Age Capital?

 It is an unlicensed and completely anonymous trading company with so many irregularities.

Is Storm Age Capital a Scam Broker?

Definitely. Whatever information you try to find it’s missing. Therefore, you can’ think of anything else, except that this is a complete scam.

Is Storm Age Capital Available in the United States or the UK?

The company offers its services only to US clients but not to UK clients.

Does Storm Age Capital Offer a Demo Account?

No. They practically don’t offer on their website any types of accounts.

Bitfinance is a deceptive brand designed to dupe unsuspecting traders and investors into paying for fake plans and crypto exchange options. In the table below, you will see four bogus websites used in this scheme.

One appears on multiple regulatory warning lists, prompting the anonymous crook to shut it down and start with a new one. If you’re dealing with this platform, please read our Bitfinance review and find out how to get your money out of there.

Legal Info: Is Bitfinance Regulated?

The website has provided a certificate of incorporation allegedly issued by the United Kingdom Company House. It says the Bitfinance crypto investment platform is operated by FXBIT TRADING LIMITED.

However, we looked up this entity in the Company House register and found out that it had been dissolved in July 2021. The business kept going despite it, resulting in financial market regulators reacting to its illegal practices.

That same month, the British Columbia Securities Commission (BCSC) issued a warning against the investment fraud. Since this didn’t stop the scammers, another Canadian watchdog sounded the alarm – the Ontario Securities Commission (OSC) on February 1, 2022.

And because the scheme “transferred” its seat to Switzerland, the Swiss Financial Market Supervisory Authority (FINMA) blacklisted it in March 2022. That’s three top authorities against the platform.

We urge you to avoid anonymous imposters like Bitfinance and Titan Wealth 24. Choose reputable companies that are supervised by leading financial authorities like the FCA (UK), CFTC (US), ASIC (Australia), IIROC (Canada), MAS (Singapore), BaFin (Germany), etc.

Who Are Bitfinance’s Targets?

According to WHOIS, the bitfinance.biz website domain – the only active out of the four – was created on June 3, 2022. For some time now, the financial swindlers behind the platform have been targeting primarily traders and investors who reside in the following countries:

• United States;
• United Kingdom;
• Germany.

All these countries have tight financial market regulations and authorities that enforce heavy laws to prevent unauthorized phonies from running their schemes. One common rule stipulates that each market participant must obtain a permit to operate.

As we have already proven, Bitfinance has no such authorization, meaning its whole business is one big hoax created to steal money. Similar shady providers include Blantomic. 

Trader Reviews – Sharing Experiences

Do not get misled by a deceptive Bitfinance Reddit thread prompting readers to invest in a token pre-sale. Such investment opportunities usually turn out to be scams. Instead, read the 22 negative Bitfinance reviews on personal-reviews.com and learn how the platform deceived many users.

We recommend you always check what users say about a certain platform before you risk your money. Negative reviews may just save you from getting defrauded.

Please run a thorough analysis of the company you are interested in to find out if it appears on regulatory warning lists, as was the case here.

How the Investment Scheme Works

Scammers involved in investment schemes typically run duplicitous tactics to exploit unwary traders and investors. A common method is the Ponzi scheme model. In this shady structure, returns to initial investors are funds obtained from newer investors, enabling the fraudsters to create an illusion of profitability.

Such systems inevitably collapse, and the epilogue is the crooks disappearing with the loot and the victims finding themselves in financial ruin.

Upon investigating the crooked website, we stumbled upon a referral program, awfully resembling the above-mentioned pyramid structure. There’s no doubt Bitfinance is up to no good.

Cyber thieves lure in victims by promising unrealistically high returns with minimal risk, leveraging the appeal of quick profits to win over potential victims. They also promote fake or non-existent products, using misinformation and cutthroat marketing strategies to realize their plots. 

Bitfinance investment plans

The virtual con artists are promoting extremely high returns on investments in short periods. The plans look too good to be true because they are implausible. There is no way a platform can generate such insane ROI so quickly. 

As soon as you read a promise like that, know you’re dealing with a swindling website rather than a serious and transparent firm. These investment plans are fake 100%!

Deposit and Withdrawal Process

Bitfinance accepts payments exclusively via cryptocurrencies – Bitcoin, Ethereum, Litecoin, BitcoinCash, and Dogecoin – and e-wallets like PerfectMoney and Payeer. This adds layers to the funding process, which is typical of digital tricksters. Investing in this platform means you won’t be able to withdraw your funds given the fraudster’s cruel intentions.

The reason why scammers prefer crypto payments is that they are extremely hard to trace and reverse, plus allow them to remain anonymous and continue running their schemes.

Reversing cryptocurrency transactions is an intricate process that demands significant effort and advanced software. Professional assistance is essential for tracking the wallet that received the funds. Fortunately, our team of experts is available to help you recover your funds.

Key Facts To Consider About Bitfinance

Let’s conclude our Bit Finance review with a summary of the main points we have outlined – Bitfinance is an investment scheme targeting users from the United States, United Kingdom, and Germany. The plot has been exposed by two Canadian and one European regulator.

Since the platform is out to rob you of your funds, we advise you to stay away. Please do not risk your money here.

In case you have fallen victim to Bitfinance and cannot withdraw your funds, please get in touch with us. We offer professional help to retrieve your funds!

Use the form below to book your free consultation with Scam Brokers Reviews and tell us more about your case. Our team will gladly guide you through the fund recovery process and assist you every step of the way.

Book your free consultation here and start the chargeback process.

FAQ Section

What is Bitfinance?

Bitfinance is a fraudulent investment platform aiming to steal all the funds users deposit and then vanish.

Is Bitfinance Legit?

No, this platform is not a transparent and legally approved provider. There are regulatory warnings against it.

What is CipherTrace?

A software used to trace crypto transactions and help victims recover their funds. We can help you if you have Bitfinance withdrawal issues.

Quantum Code is supposedly a trading system that claims to use advanced algorithms and technology to help you come up with trading strategies and risk assessment mechanisms. We found this bogus website and decided to investigate. Upon clicking the “Learn More” link, the website scrolled to the top. 

So the company website links are broken, the information is scarce, and the website is virtually anonymous, i.e. no company name, ID, address, phone number, etc. Welcome to the Quantum Code Review, in which we shall present our arguments against this platform.

Legal Info: Is QuantumCode Legit or a Scam?

This company is classified as a crypto affiliate campaign, which is a type of business that doesn’t require regulation. That’s precisely why such providers are risky, especially if they are engaged in crypto trading. We know nothing about Quantum Code – no address, company ID, phone number, etc.

We also don’t know anything about the brokers and platforms which this firm is partnered with. Who provides the platform and leverage for trading? More importantly, is that entity licensed to offer services?

Without that information, our verdict is that you shouldn’t be trading on an unregulated platform such as Quantum Code or iTradeFX because you could easily get scammed. 

We also found a warning against a certain Quantum Code platform issued by the Nova Scotia government (novascotia.ca). This warning was issued in 2016 but the this firm website was created in 2021. Whether this is the same platform, we do not know but it still doesn’t do company any favors. 

Instead of trusting anonymous platforms, find a transparent and honest broker with a legit trading license, issued by a renowned financial market regulator such as the FCA (UK), CFTC (US), ASIC (Australia), IIROC (Canada), CySEC (Cyprus), BaFin (Germany), etc.

Who Are Quantum Code’s Targets?

According to godaddy.com/whois, the Quantum Code website domain was created on October 18, 2021. Since then, this crypto platform provider has primarily been interested in offering services to traders in the following countries:

• United Kingdom;
• United States;
• Canada;
• Australia;
• India.

All the major Anglo-Saxon financial hubs are on the list. Each of these jurisdictions has different but strict regulations in force when it comes to the financial market and digital assets such as cryptocurrencies. 

An anonymous provider like this company has no business offering services in these domains, especially not in the US, which is known for heavy crypto regulations.

If you lost money to Quantum Code, please book a free consultation with us. We can help you recover your funds.

Trader Reviews

There are no Quantum Code trustpilot reviews or any other trader reviews for that matter. It basically debunks the claims of some websites that this company has a success rate of over 85%. 

We hopped over to reddit.com and found a revealing article about the Quantum Code scam. Please consider this a warning against the anonymous crypto campaign.

The basic premise of the Quantum Code Scam is the same, with its sole purpose of separating unsuspecting people from their money. The scammers do this by offering “investment” services, but it is actually a more like an offshore laundromat. Once you have signed up for a “Get Rich Quick” or “Make Money” website, you can expect to be bombarded with multiple emails every day…

Reddit user, August 10, 2021.

Trading Platforms Available

Quantum Code claims to be linking up each client that creates an account on the company website with a reputable broker, and using the automated trading features to execute buy and sell orders in the crypto market. 

So there is no Quantum Code software or a quantum code app for mobile devices; the platform must be accessed via a browser. As for the brokers that are supposed to provide the software, we don’t know which brokers this firm is partnered with, which makes the whole thing rather shady.

That is why we don’t recommend you trust this company your money. Be wary and avoid anonymous or unregulated platforms such as FoxicaTrading. 

Available Trading Assets

Quantum Code supports a diverse range of cryptocurrencies that can be traded and here is a quick overview of some of the crypto tokens that are mentioned on Quantum Code’s website:

• Bitcoin (BTC);
• Ethereum (ETH);
• Tether (USDT);
• Litecoin (LTC);
• Ripple (XRP);
• Cardano (ADA); etc.

Having trouble getting your money out? We can help you recover your funds.

Quantum Code Withdrawal Process

Quantum Code offers multiple payment methods for users to deposit funds into their trading accounts. Here are the payment methods mentioned:

• Credit/debit cards;
• Wire transfers;
• PayPal.

It’s important to note that while this company accepts these payment methods, individual brokers and financial institutions may have their own fees, processing times, and requirements for each payment method. The company claims that there are no fees or costs for the platform.

Since the Quantum Code system is unlikely to pay you your funds, you can request a chargeback at your issuing bank in order to reverse MasterCard and VISA transactions within 540 days.

Key Information To Consider About Quantum Code

To summarize the main points, Quantum Code is a virtually anonymous crypto affiliate campaign that has been active since October 2021. This platform has mainly been targeting unsuspecting traders from the United Kingdom, the United States, Canada, Australia, and India.

Our verdict is that Quantum Code is a fraudulent platform, unworthy of your investments. If you fell victim to the Quantum Code scam, please book a free consultation with us. We shall explain to you how the chargeback procedure works and gladly guide you through the whole process. You must act quickly though.

Book your consultation today and start the chargeback process.

FAQ Section

What is Quantum Code?

Quantum Code is an anonymous crypto affiliate campaign that offers proprietary cryptocurrency trading.

Is Quantum Code A Scam Or Legit?

We believe that Quantum Code is a scam, simply because the platform is anonymous and not transparent.

What Are The Available Deposit Options Of Quantum Code?

Quantum Code accepts deposits via credit/debit cards, wire transfers, and PayPal. If you lost money to Quantum Code, we can help you recover your funds.

VoltCoins is a brand, run and operated by a Lithuanian company – Clearcrest Inc. UAB. Registered in Lithuania, with not an overly long history of service, this crypto exchange seems like any other anonymous and hardly trustworthy provider. 

Besides the website, that is not excessively informative or user-friendly, the key clue that leads us to a conclusion of VoltCoins being suspicious are the two public alerts issued against them. Although both of the warnings were issued by Canadian local regulatory authorities and not the main state institution, they still have huge value in our investigation. We’ll link you to both of them soon, so you can read them thoroughly and see what we mean when we say this crypto exchange shouldn’t be any investor’s first choice. 

Keep reading this VoltCoins review and you will see how this website exactly operates and why we see no point in using crypto services provided by unregulated entities.

Legal info: Is VoltCoins Scam or Legit?

Understanding how crypto exchanges work has to start from examining their legal status. VoltCoins is owned by a company that is registered in Lithuania. The website owners have provided the visitors with a way of checking this by publishing their registration number. 

Clearcrest Inc. UAB is indeed legally registered in Lithuania, with the registration number being 306094970 and the physical address at Naugarduko st. 3-401, Vilnius, 03231, Lithuania. You can do a double check, like we did, by searching the commercial register of companies at: https://commercialregister.kompany.com/p/lt/306094970?track=sea_oss_product_regreponly&origin_uri=/commercialregister/en/sea_k01. Or you can simply search the Central Register of Lithuanian conducts: https://www.registrucentras.lt/jar/p_en/. 

To be permitted to engage in the crypto industry in Lithuania, companies need to be regulated by the state authority – the Lithuanian Bank. If you go over to the regulator’s website, and search for Clearcrest or VoltCoins among the market participants and currency exchange operators in particular, you will not find these entities to be regulated by LB.

This has reminded us to proceed with caution, as any crypto investor should too, if they are looking for the right exchange platform to invest with. Unregulated crypto service providers do not implement the necessary security standards, which ensure the safety of deposits and transactions done. 

Illicit exchanges, such as this one, or, for example Atomic Wallet, are not set up in a way to provide the best service, but to earn money off your investments and losses. That’s why they do everything in their power to attract investments and then make the customers lose. 

Still hopeful to find any regulation that VoltCoins could have obtained, we went through major registers, like the ones that FCA, CySEC, BaFin, ASIC and similar regulators keep. VoltCoins shows up nowhere. 

The problems with the VoltCoins regulation do not end at not having a license for crypto trading. As a matter of fact, it looks like this firm offers their services without permission or authorization in a vast number of countries. Just recently, two Canadian regulators have published warnings against them:

• FCNB

• CSA

Countries of Service

 In business for a little over three years, VoltCoins has appeared in many areas. These include Canada, as evident from the warnings, as well as several other countries:

• Spain
• United Kingdom
• Italy

Offering clients services in countries where some of the strictest regulatory bodies operate makes VoltCoins quite brave for taking such actions. EEA is known for harsh regulatory standards revolving around the crypto market, and VoltCoins, by all means, doesn’t seem to follow these rules and directives. Otherwise they’d have a confirmation from any of the Tier 1 regulators overseeing the crypto operations. 

The attractiveness of crypto keeps rising  by the day. Many investors are driven by the thought of huge money moving on a daily basis, through various trades and exchanges. When they decide to give it a shot, the biggest problem they run into is choosing a regulated company. 

The crypto market is still yet to be fully and properly regulated in many countries, so fraudulent companies use these legal loopholes to run illicit trading and exchange platforms. Engaging in such crypto projects almost surely leads to withdrawal problems and clients often need help from a third party to recover their investments.

If you consider yourself to be in need of legal help to resolve a similar situation, you can book a free consultation with our expert recovery team.

Traders Reviews and Comments About VoltCoins

VoltCoins isn’t overly popular among crypto investors. They apparently don’t invest much in their publicity or public image in general. The mediocre looking website witnesses that the company isn’t overly concerned with the impression they leave on potential clients. Not particularly visually attractive, the web presentation doesn’t display a single motive that you’d find strikingly beautiful or worth of attention. 

The TrustPilot profile for VoltCoins has been claimed by the company and so far, it only has 16 reviews. Most of them have rated VoltCoins service as overall average:

They make things EASY. Not so obvious in this ridiculously bureaucratic world. Registration, verification, and all other procedures were all super fast. Just please add more coins!

From time to time I have a login issue. Right now the support team is working on it, but it does take some time… other than this, it is a great platform, very intuitive and snappy.

Trading Fees and Commissions

Doing business with VoltCoins isn’t much of a lucrative endeavor. The registration is swift and free, but the fees are quite high. If you intend to buy Bitcoin, the price at VoltCoins is more than 400 EUR higher than the current BTC to EUR exchange rate. 

Also, depending on your payment method, the processing fee ranges from 26 EUR for bank wire transfers to 30 EUR per transaction via credit cards. Along with the handling fee, you have to pay a blockchain fee of around 3 EUR. Those are the costs for spending 200 EUR, how much is the minimum requirement. If you intend on investing more, which we do not recommend, be ready to pay significantly higher fees. 

VoltCoins Trading Features 

Studying this part of the VoltCoins offer showed us that nothing in particular is deserving of investors’ time and capital. Firstly, we found no sort of platform or exchange software. It could be because we couldn’t verify our profile immediately upon joining, but we were still skeptical because the website itself doesn’t mention any kind of software to be present. 

The next disappointment came from the fact that the website doesn’t offer any customized account types that feature different trading options, tools and prices. Lastly, the number of currencies supported is quite limited, and is yet another aspect of VoltCoins we find to be utterly underwhelming. 

Trading Platforms 

To be completely straightforward, it didn’t seem like VoltCoins had a trading platform of any kind. Buying crypto currency means going through several steps. After depositing money and verifying your profile you can finally place an order. This is what we suspect to be anything even remotely connected to the actual exchange process. 

Since we couldn’t get through the entire process, we can’t verify if any sort of platform could be accessed during order placement. From the website itself we didn’t get any hints about VoltChains having an actual software for processing exchanges.  

Account Types

Any financial service provider nowadays tries to diversify their offer and enrich their portfolio by designing distinctive account types. Sadly, that is not the case with VoltCoins. The already shallow and uninformative website doesn’t provide any additional information about any packages being available. 

Traders aren’t able to choose between specific accounts with different offers, commission, or tools. Not only does this repel potential customers, but it also speaks of how lazy and sloppy VoltCoins leadership is, if they couldn’t at least work on expanding this aspect of their offer.

Available Cryptocurrency

Following the same pattern as described above, VoltCoins doesn’t shine when it comes to available instruments, either. Instead of introducing at least several more types of digital coins, they have resorted to offering just a few of the most popular crypto currencies. 

Just like Gammaron, which is a blacklisted and unregulated exchange, VoltCoins only enables buying and selling of the following tokens:

• Bitcoin
• Litecoin
• Ethereum
• Tether

From the looks of it, VoltCoins could be only luring victims to buy these tokens and then stealing the investments. Nothing proves any actual exchange happens here.  It could be the reason why VoltCoins didn’t invest much in providing more exotic currencies. 

Affiliate Program

Not only can you rely on VoltCoins to throw fake exceptional investment opportunities at you, but you can also expect promises from them to help you grow your business. Because, ultimately, this illicit platform can’t offer much else but empty reassurances of something they do not, in effect, have. 

Website owners, social media influencers, affiliate marketers, and SEO professionals with a strong online presence can partake in the program. After registering and verifying their company profile, representatives of businesses can enter the program and bring VoltCoins more publicity and profit. That is what these campaigns are designed for. You won’t be paid for the promotion of this scheme, and neither will you earn due credit. 

How to Withdraw Crypto with VoltCoins?

Methods of transactions that seem available at VoltCoins are bank wire transfers and credit cards. But that is known to only be available for buying crypto. Because of the absence of the official Withdrawal Policy, we could only speculate about the methods, processing steps and prices involved. When the most crucial aspect of a crypto exchange is so vague and unclear, how can you put any trust in one such firm? 

Nonetheless, VoltCoins proclaims to have the most secure and smoothest transfers in the whole industry. Unfortunately, any sane investor or crypto enthusiast can’t rely on shallow words and alluring promises. Much more is needed to earn a clients’ trust. Evidently, VoltCoins doesn’t excessively care about it. All this website makes sure of is applying exorbitant fees and sounding like any trader’s dream coming true. 

Because of all the reasons mentioned, we expect clients of VoltCoins to have withdrawal issues. That’s why we’re here though. You can always reach out to us and count on your withdrawal being processed surely.

Customer Support

Getting in touch with the VoltCoins support team is not something we’re overly optimistic about. Especially if you’re dealing with issues or technical problems and you need help resolving them. The several phone numbers provided could be randomly generated numbers. The email address also seems generic and fake. 

It is well known that unregulated firms are disturbingly persistent until you deposit and then their phone numbers and emails go silent. Don’t be surprised if the same happens with this one. No regulatory directive obligates them to be transparent and dedicated in their service to clients. 

Conclusion On VoltCoins Exchange 

The fact that they’re blacklisted and not included in any database or regulated market participants raises many questions and doubts about this exchange. We wish we could recommend it to you as an astonishing website that equips you with admirable tools and features where you can grow your wealth and enjoy crypto trading. But the more probable truth is that this illicit exchange is only focused on defrauding victims for their benefit. 

It would be nothing new, or something that our expert team has dealt with already. So do not worry. If you’ve been having problems with taking back your investment or processing payouts, feel free to reach out to us. Do not allow one petty scammer to take a hold of your capital by lies and fraud. You deserve to have back what is rightfully yours. And we can help you with that. Do not forget that the first consultation is always free of charge!

What Is VoltCoins?

VoltCoins is an unregulated exchange with a shallow website, poor offer and several public warnings issued against them by financial authorities. So be at freedom to ask for our help to recover your funds stuck with this fraud.

Is VoltCoins Regulated?

Although their supposed parent company is indeed registered in Lithuania, they do not own an obligatory license for crypto exchanging business.

Are My Funds Safe With VoltCoins?

Because the firm is not regulated by a legal entity, they cannot be considered safe for investments. Better seek legal help if you need it to deal with these shady companies.

Stockswide broker is yet another anonymous company offering trading services. With more and more scams around, we need to be extremely cautious. But more importantly, seek regulated ones. Which provides higher security standards and a more trusted environment.

That’s why in this Stockswide review we present you with all pros and cons of this company.

Stockswide Is Not a Trustworthy Broker?

Stockswide trading company doesn’t reveal their headquarters country. But through T&Cs we discovered that all legal actions should be taken through the courts of St. Vincent and Grenadines. With this in mind, it’s not surprising that this broker doesn’t reveal the license number either. The FSA of SVG doesn’t provide trading licenses anymore. Mostly due to many scam companies that are registered there.

Additionally, Stockswide broker doesn’t have any other Tier 1 regulation. To mention some, FCA, BaFin or ASIC. None of them have issued any licenses to this company. So, now we already have one reason to think that traders will only get scammed.

Non-regulated offshore broker. Stockswide company doesn’t reveal ownership or office information. Shady and untrusted trading platform. Non-transparent trading conditions. No demo accounts are available.

The Opinions of Traders On about Stockswide

As the company registered in 2022, we can’t expect many reviews. But those available on Trustpilot are not good. Out of 3 reviews, already one claims that this is a total scam.

Trader complained about non-existent fees and non-approved withdrawals.

Trading Platform and Other Apps on Stockswide

As for the trading platform, we can see another discrepancy. What Stockswide broker advertises is Meta Trader 4. Which is the leading third-party trading software. Traders can use many different options. But main advantages are advanced EAs and copy trading.

Thus, Stockswide was misleading traders. Upon registration, we could only see a basic web-based platform. All these features that MT4 offers are missing here. Additionally, you can’t trust a shady broker with a shady platform. Primarily due to the potential manipulation of market data. After all, there is no mobile app available. Which makes this platform even less desirable.

What Financial Instruments Does The Platform Include?

On the contrary, the only thing they advertise and deliver are trading instruments. There are all 5 major categories available. You can choose from:

• Shares                      Amazon, Netflix, Deutsche Bank
• Indices                      FTSE 100, Dow Jones, CAC 40
• Commodities            Natural gas, Brent crude oil, silver
• Forex                        GBP/USD, JPY/HKD, SGD/AUD
• Cryptocurrencies       ADA, SOL, XRM

Important to realize is that traders don’t have trading protection. For instance, guaranteed stop loss and negative balance protection.

Stockswide Countries Of Service

These offshore companies tend to scam anyone they can. Mostly they are avoiding countries like US or Japan, but everyone else could be their target.

Our research team found some of their main victims. They are mostly scamming traders from:

• United Kingdom
• Netherlands
• Belgium
• Norway
• Sweden

Stockswide List of Account Types   

With Stocskwide scam broker, you can find 4 regular account types and 3 managed ones. So, you can choose if you want to lose money yourself or if someone else will lose it for you.

But anyway all your deposits go straight to their pockets. Besides, managed accounts should have a licensed broker. Which they don’t, so it brings maximum risk. Anyway, your options are:

• Explorer        $500
• Basic            $2.500
• Silver            $10.000
• Gold             $50.000
• Managed      $75.000 / $150.000 / $250.000

Can a Trader Use a Demo Account?

Any experienced trader looks first for a demo account. This way you can discover if the broker is misleading you. And that’s exactly why the Stockswide investment scam doesn’t have this option.

Not only do they lack a demo, but also micro-accounts. So, the only way to test them out is by risking $500. Instead, you can find a Tier 1 regulated broker. Which offers accounts starting at $10.

Terms of Service for Stockswide

The broker minimum deposit requirement is actually $250. So, they are lowering standards just to get traders on board. As for funding methods, traders have:

• Credit/Debit cards
• Wire transfers

The company claims not to have any fees for deposits. But for withdrawals, it remains unknown.

Leverage, Spreads and Fees

Stockswide trading company didn’t bother revealing their trading conditions. Leverage is unknown, but most probably because it’s too high. They don’t want to demotivate traders with the insane risk of losing money. Besides that, you don’t even know what spreads you will get. Which is all a sign of a scam broker. Because all legitimate brokers make money on spreads and commissions.

Another discrepancy is the fees. The broker doesn’t discover any fees, except for the reactivation of the account. Which will cost you a shamelessly high amount of $2.000.

Stockswide Bonus Program Rules

The main reason why traders often get scammed is the bonus policy. In fact, they accept some funds as a welcome bonus offer. Yet, to withdraw those profits you must fulfill certain requirements.

But those requirements are visible only in the bonus policy. So, traders must maintain a 25x bigger trading volume of the bonus amount + deposit.  Which is mostly impossible to reach. So, when you request a withdrawal they can reject it.

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

This company doesn’t have any regulations. Therefore, nobody monitors their activities. The only way that we present this case to authorities is through reviews. If this broker stole your money, share your story with us. At least other traders can get a warning of this investment scam.

On the other hand, we believe that your money is most important to you. So, you have here a solution to recover it through a chargeback process. But more importantly, our expert team is there to assist you.

What Is the Chargeback Procedure?

Chargeback is filed mostly by a cardholder. But also merchants can do that instead of you. Such requests are available only if on the account is performed fraudulent activity. In the last 540 days upon transaction. So, don’t waste time and let these guys get away with it. Book your first free consultation already today.

What Is Stockswide?

Stockswide is an offshore trading company that provides trading services since 2022.

Is Stockswide a Scam Broker?

Yes. They are not licensed and there are already negative reviews against this broker.

Is Stockswide Available in the United States or the UK?

This company allows traders from the UK to trade with them, but not US traders.

Does Stockswide Offer a Demo Account?

No. Stockswide broker doesn’t have the risk-free option, but only live accounts are available.

Do you find this crypto exchange a bit dubious and strange? We sure did, which is why we decided to investigate it and present our findings in our Komslex.com Review.

Be sure to read our analysis in order to learn why the platform is not reliable at all and why you should do your best to avoid it. Also, we shall show you the steps to identifying online trading scams.

Legal Info: Is Komslex.com Regulated?

Komslex.com claims to be headquartered in Australia, which is a lie. The exchange doesn’t exist anywhere except on its own website, implying that it is not registered with the Australian Securities and Investment Commission (ASIC) and thus unlicensed.

Reading the legal documentation on the website, we concluded that the entire text is misleading with no concrete and relevant information. Such shenanigans are typical of fraudulent providers such as SPmarket24.

Trading on an unregulated crypto exchange is extremely risky. Recovering funds from such schemes can be a terrible nightmare, which is why you avoid Komslex.com and instead find a legitimate platform. 

Why Financial Market Regulations Matter

We recommend you trade firms that are licensed to operate under the jurisdiction of top-tier financial market authorities such as the FCA (UK), CFTC & NFA (US), ASIC (Australia), IIROC (Canada), MAS (Singapore), CySEC (Cyprus), etc. 

European regulators, for instance, require firms engaged in financial market trading to compensate their clients in case of insolvency or suspicious losses. Traders can receive up to 20,000 EUR from these compensation schemes.  

Who Are Komslex.com’s Targets?

According to godaddy.com/whois, the komslex.com website domain was created on September 12, 2023. Since then, the illicit exchange has been targeting mainly unwary traders who reside in the following countries:

• Netherlands;
• Italy;
• France;
• Germany;
• Romania.

All of these states are EU members and thus enforce common financial market regulations of the European Securities and Markets Authority (ESMA). One of the rules says that a provider must be licensed to provide services in the European Economic Area.

Needless to say, Komslex.com has no authorization to offer services in these domains. The regulations in force in these countries do not permit it. Should you choose to invest money in this platform, you cannot count on regulatory help or compensation.

There are no trader reviews so it comes as no surprise that webparanoid.com has given Komslex.com a pretty low trust score, adding that the firm’s website has poor traffic.  

Which Trading Platform Is Available?

The only available trading platform is web-based, featuring all the popular cryptocurrencies that can be traded against US Tether, Bitcoin, or Ethereum. Also, the exchange promises spot trading but the website prevented us from accessing that page unless we open a live account. 

Trading volatile assets such as cryptocurrencies is extremely risky per se, which is why you should not trust an unregulated exchange that lacks credentials.

Novices may find the online trading terminal easy to comprehend but seasoned traders won’t benefit from simple charts and graphs. Komslex.com, just like the shady ProfiStocks broker, does not support proper third-party software such as MT4 or MT5. 

Fee Structure

The outlined fee structure is based on the trader’s 30-day trade volume, with both maker and taker fees decreasing as trading volume increases. 

Additionally, the website promises cashback incentives, with cashback percentages also varying depending on the trading volume level. This fee structure has been designed to reward higher-volume traders with lower fees but we wouldn’t trust it given the exchange’s dubious legal status.

The deposit fee for Bitcoin is 0.00007 BTC (or the equivalent value of any other cryptocurrency), which is around 1.87 USD, while the withdrawal fee is 

0.00019 BTC (around 5 USD). 

Referral Program

Komslex.com outlined a referral program that offers traders enticing rewards and commissions for each new member they bring in. 

According to the website, a trader can receive 40% of the amount of fees paid by the referred person. Additionally, his own trade commission on the exchange will be 0.1%. The whole scheme is presented as a way for the exchange to incentivize users to bring new members to their platform and as a source of passive income. 

However, this is nothing but a Ponzi scheme, an investment fraud system that pays existing investors with funds collected from new investors. Do not drag your friends and family into this scam.

Deposit and Withdrawal Process

The cyber con artist says that crypto can be bought on this exchange using credit/debit cards and bank transfers. So, is there any possible solution to getting the deposited funds back from Komslex.com?

Yes. Since the exchange is unlikely to allow you to withdraw any funds, you must request a chargeback in case you deposited via MasterCard and VISA credit/debit cards or a recall if you paid through a wire. 

You can do so at your issuing bank within 540 days but it is best you seek out professional help. Luckily for you, we specialize in various fund recovery methods so please don’t hesitate to book a consultation with us.

Key Information To Consider About Komslex.com

To sum up our review, Komslex.com is an unregulated crypto exchange that has been active since last month, mainly targeting unsuspecting traders from the Netherlands, Italy, France, Germany, and Romania.

This bogus website has attempted to provide crypto trading services despite lacking the necessary regulatory license but low trust scores, no trader reviews, and the lack of popular trading software further helped us expose the scheme.

Komslex.com is nothing but a hoax designed to steal people’s money. We urge traders to report it to the authorities, i.e. ASIC. It is important to warn fellow traders about it as well.

If you have lost money to the Komslex.com scam and cannot retrieve it on your own, we offer our professional services and assistance. Book your free consultation with Scam Brokers Reviews today!

Book a free consultation with us and start the chargeback process.

FAQ Section

What Is Komslex.com?

Komslex.com is a crypto exchange scam designed to defraud traders and steal their money.

Is Komslex.com A Scam?

Without a doubt. Komslex.com is an unregulated platform that shamelessly claims to operate under ASIC.

How to Make a Withdrawal on the Komslex.com Exchange?

This exchange won’t allow you to withdraw funds. In that case, you should book a consultation with us.

Whenever you are about to start your trading journey with a broker, several facts can affect your decision greatly. From how transparent the brokerage is, how well regulated their conduct is and just how attractive the trading conditions they offer are. Well, let us tell you right off the bat – CapitalsWise displays a distressing lack in all of the mentioned aspects. 

In contrast to the idea of supposedly providing clients with superior services and support, CapitalsWise, in essence, doesn’t care about their customers. Run by an unnamed company and following suspicious business ethics, this broker isn’t regulated or known for their kindness to traders. 

So what are the exact risks you take when you sign up for an account at CapitalsWise.com? Also, you’re probably wondering how protected you are… if you’re protected at all. Read all about it in our CapitalsWise review ahead.

How is CapitalsWise Regulated?

CapitalsWise has made a terrible mistake by claiming to be registered in the UK. This country’s financial world is governed by the FCA rules, which are one of the strictest in the world. FCA – Financial Conduct Authority is ruthless when it comes to licensing brokers and supervising their activities. The regulator also keeps a continually updated database of regulated brokers and you can check for yourself and see that CapitalsWise is not in there. 

There’s no other way to operate legally in the UK except by being authorized by FCA. CapitalsWise clearly isn’t so we tried with several other regulators, like CySEC, ASIC, BaFin, CONSOB and CNMV. Unfortunately, the results were the same, just like with FCA. At this point, we’re confident that CapitalsWise doesn’t have an obligatory Tier 1 license. 

Whatever company is behind CapitalsWise, they do not provide the mandatory standard of safety. First in the line are segregated bank accounts for clients’ deposits. CapitalsWise prefers to keep all investments on a joint bank account so they can access and abuse the capital invested by their users. 

Next red flag is the lack of transparency. The CapitalsWise clientele doesn’t get detailed info about the general trading conditions, such as leverage, fees, swaps, and funding methods. The leverage in the heavily regulated areas is limited to 1:30 or 1:50 most, while CapitalsWise doesn’t even reveal theirs. Unscrupulous brokers also do not provide negative balance protection or compensation funds, which is yet another way of pushing clients into loss. 

Now that we’re certain that CapitalsWise is not regulated, all we can recommend to you is to absolutely stay away. No matter how persistent their agents may be or how attractive their offer sounds. Anything you’ll ever come by at CapitalsWise is a loss. 

Who are CapitalsWise’s victims?

CapitalsWise hasn’t been operational for a full year yet. Despite the short history of conduct, they have still managed to defraud a disturbing number of traders. Most of the victims of their scam come from the following countries:

• Canada
• United Kingdom
• Netherlands

Do not be afraid to speak up if you reside in any of the mentioned states and were defrauded by this broker. We’re well aware how friendly and nice they were to you until they robbed you. As all boiler room agents do, CapitalsWise officials tend to be the sweetest and nicest people you’ve ever met. Do not forget this is just a facade, though.

While working their way to your pocket, scam agents will offer you all the things you’re looking for and make you believe only they can provide them. Best trading conditions on the market, most reliable software, most competitive fees, bonuses and quick withdrawals. Swindlers will promise you all that and more. 

During the process, they might even trick you into installing some remote control software – AnyDesk and/or Teamviewer. Careful with those, as scammers look for an easy way to access your sensitive info and perform an identity theft! 

Traders Reviews and Complaints

This is the interesting part where we can see another scam technique at display. In order to fakely boost their reputation, CapitalsWise uses paid reviews. Obviously, the fraudulent company tries to mask their real goal. CapitalsWise does so by attempting to build an unrealistic image of themselves. Swindlers achieve that by paying reviewers to leave positive comments or simply by using bots that do so instead. There are many ways, yet the final goal is the same: deceive as many investors as possible. 

 With only 16 reviews in total on TrustPilot and not nearly genuine-sounding comments, we do not believe any of the ratings are true or credible. Beware of such things that push traders into investments. If you’re uncertain, check with your jurisdictional regulator or contact us for more info on a broker. 

Fees and Commissions

Unregulated brokers are known to offer very low pricing and incredibly favorable trading conditions, only to slam you with insane fees and charges when you try to withdraw. Unlike regulated brokers which earn their income through micropayments like spreads and swap, these swindlers simply rob you.

CapitalsWise make their Terms and Conditions purposely vague, and don’t outline the withdrawal fees. This way they can charge extremely large amounts of money for things like currency conversion and such. That way, even if they do approve your withdrawal you never recover your initial deposit.

Are There Any Bonuses Available?

CapitalsWise do not offer any bonuses to their clients. Not overtly, anyway. This goes hand in hand with their allegations that they are based in the UK, which does not allow bonuses. Don’t let this fool you into believing this is even remotely close to fair play. These predators will pounce when you least expect it.

CapitalsWise Features and Trading Conditions

This broker is about as transparent as a lump of coal. CapitalsWise.Com is quite lacking in the information department. You can see how the scam unfolds from here – keep the victims guessing until it’s too late. Bingsaub is an unscrupulous broker that does this as well, so we’ve reviewed them too, if you’re interested in finding out more.

When we compare this to how regulated brokers operate, the difference is obvious. The transparent and well defined trading conditions are not just business courtesy but a necessity.

Available Trading Platform 

CapitalsWise only offers the most basic Web Trader to their clients. This web oriented application does not require any downloads or an installation, it can be run directly from your Browser.

Scammers don’t use it because of how practical we find it, but because of how easy it is for them to manipulate the market information. They will deliberately change the market positions and make you lose the money you invested sooner than you can blink an eye. Handelex is another fraudulent company we reviewed which uses the same strategy.

Security should be your main concern when selecting a broker. We remind our readers to always double-check the broker regulation first, and the availability of industry standard software, such as MT4, MT5 or cTrader second.

Is there a Mobile Trading App?

There is no discreet Mobile Trading App available at CapitalsWise.Com. You could say that it’s because the Web Trader they use can be accessed through any Web Browser found on any Mobile Device… But the reality is that these swindlers don’t want to implement a safe trading solution. You don’t need top-of-the-line software to steal from people anyway.

Choice Of Trading Accounts

When it comes to Trading Accounts at CapitalsWise, we can firmly say that they follow the unofficial Scam Broker rulebook. As you’d expect, the accounts are tiered, and the cheapest one costs $10 000 ! One additional difficulty for traders is that you can’t simply create an account and login to the CapitalsWise.Com trading application. You need to contact the broker via email first.

Here is how much CapitalsWise accounts cost:

• Silver – $10 000
• Gold – $50 000
• Platinum – $100 000
• VIP Club – $250 000

Is There a Risk-Free Demo Account?

Although CapitalsWise mentioned a Demo account on their website, we couldn’t find one among the account selection. The lack of this all-important tool is always a bad sign. Novices should always use a Demo account to learn in a risk free environment. More seasoned traders find it instrumental for testing new investment strategies.

CapitalsWise Trading Assets

Not much can be said about the Trading Instruments that CapitalsWise offer. The website has simple descriptions on what Trading Instruments are, but fails to mention which assets are available for trade.

With no Trading Account and access to the Web Trader, we could only guess what’s on offer.

Here is what little we could find out about the instruments at CapitalsWise:

• Forex – EUR/USD, USD/GBP, USD/JPY
• Cryptocurrencies – Bitcoin, Ethereum, Dash
• Indices – FTSE, S&P 100, S&P 1200
• CFDs on Commodities – Gold, Natural Gas, Uranium, Cocoa, Wheat, Livestock

Regulated brokers usually advertise in great detail which Instruments they offer. This is one of the most important facets of trade, and every retailer has their own preference.

Is Profit Withdrawal Possible?

Illicit brokers like CapitalsWise should not be trusted with your funds. We can tell you right away that you can dismiss any profits as another lure to make you deposit more money. That said, we have heard from many people that complain about the poor payout policy at CapitalsWise.

With no clear Terms and Conditions, the swindlers will invent any reason to block your withdrawal attempt. In the end, withdrawing from CapitalsWise.Com can prove quite difficult without legal assistance.

Customer Support

CapitalsWise.Com support is allegedly available through a professional customer service team 24/5. We seriously doubt this. There is no live chat on the website, and the only means of contacting anyone from the company is through email contact form. A phone number is given, but it’s a dead number to which nobody answers.

Key Information To Consider About CapitalsWise 

Swindling traders and snatching their deposits right in front of them seems to be the main expertise of CapitalsWise. The unregulated and fully anonymous brokerages, such as this one, are a growing threat to every single retail trader. 

However, there’s always an opposing side to every maliciousness. We’ve been successfully fighting scam and recovering funds for a long time. Our team of legal experts has what it takes to bring down the cyber thief and secure your investment that was originally stolen from you. 

So, do not hesitate to get in touch. The first consultation is always free, while it provides useful info on how to act further. Do not wait – the longer you sit around despairing, the slimmer your chances to get back what you lost!

Is CapitalsWise A Scam Broker?

Yes, this anonymous firm is a scammer because they defraud customers, are not regulated and use malicious techniques of sorts. If you happen to be their victim, contact us promptly.

Does CapitalsWise Offer a Demo Account?

Opening any kind of account with this broker is impossible until you first submit a request for it. Since they do not mention any kind of Demo account of the site, we believe it is not available at all.

Does CapitalsWise Have a Mobile Trading App?

No, CapitalsWise supposedly only offers a webtrader, but without access to it, we couldn’t verify if even that exists.

If a company transparently claims it operates offshore, there’s no reason to hide its legal entity details. Yet, that’s not the logic of the management of this trading firm. Therefore, we are off to a bad start.

Luckily, reading this detailed AssetivaX review can keep your funds away from such companies. But the most important tips can be found at the end of it. Also, it’s worth checking our unbiased ByteBit and Sol Markets reviews for more useful trading advice.

Legal info: Is AssetivaX Legit or a Scam?

With a very low number of AssetivaX reviews, most likely the company was recently registered. Thus, the exact foundation date is hidden. Nevertheless, with headquarters in Saint Vincent and Grenadines, you can only expect problems with this firm. Unless they are regulated by top-tier authorities like FCA, BaFin, CFTC, or similar.

Frankly, even at first glance, you can realize they don’t have any. But we did the research anyway. And voila, we found only multiple warnings instead of licenses. Worst of all is that all these warnings come from top-notch regulators. Such as Italian CONSOB, Spanish CNMV, and Belgian FSMA. If you wanted a clue if you can trust this firm or not, you’ve got it.

Who are AssetivaX’s Victims?

Scam trading firms usually target narrow areas where they can reach wealthy traders. Sadly, those countries are quite often similar to many other firms. In this case, those are: 

• United States
• United Kingdom
• Canada

Of course, none of these have ever authorized AssetivaX broker to offer services to their citizens. Therefore, if you feel like this firm tricked you somehow, book a free consultation with our experts already today.

Traders Reviews

Before you sign up for an AssetivaX account, make sure to check their reviews on Trustpilot. As can be seen, 5 out of 5 comments include some complaints. Even though these are in Danish, once you translate them you realize what’s going on. Fairly, only problems.

A simple trick to avoid such issues is to choose tier-1 licensed firms. Thus, we all get attracted by quick money schemes sometimes. There’s nothing bad in it. After all, once it might work. Meanwhile, you’ll be throwing money away with scam firms. If that’s your destiny, feel free to reach us anytime for refund assistance.

Leverage, Commissions, Spreads, Fees and Taxes

One of the most questionable details is that before using AssetivaX login credentials, you won’t know any leverage details. Apparently, the company adheres to the regulatory standards of the traders’ local authority. Thus, without regulations, you can trust such a statement.

Even if that’s true, the company’s trading costs will rip you off. With hidden swaps, commissions, and other fees, you can’t expect anything good. And a good hint for that is the spread of 1.1 pips in their best offer.

Bonuses

Just briefly in the client agreement, traders can find some clues if bonuses are possible or not. In any case, one way to find out if is AssetivaX legit is if they offer you bonuses. If they do, be sure they are not. However, this information is more useful if you are researching a broker that’s not on a warning list.

AssetivaX Trading Features

With suspicious trading platforms, hidden trading conditions, and speculative security measures, you can’t expect much from this firm. To be fair, the company doesn’t seem to offer any advanced options. Such as EAs, copy trading, or AI features. Even the basic features will be questionable once you realize what platform they offer.

Trading Platforms Available

Instead of trusted third-party options, with this broker traders can only use proprietary web traders. Comparing it to cTrader or MetaTrader would be such a shame.

Even if this web trader includes all possible features of this world, without a license, you can only expect one thing. It’s to be manipulated. In any case, you can expect a wide range of indicators, analytical tools, and other basic features. Nothing worth risking your money.

Available Trading Assets

Another suspicious detail with this broker is its instruments offer. The firm briefly mentions what instrument classes they offer. However, the number of instruments or transparent presentation is lacking. But most likely you can expect popular options like: 

• Forex – USD/JPY, USD/CHF
• Commodities – gold, crude oil
• Indices – FTSE100, DAX30
• Stocks – Amazon, Netflix

Account Types

The worst issue of all among missing licenses is the hidden deposit requirement for all accounts. There are four options including different fictional benefits and yet, they don’t reveal what they expect from you. Seems like a teasing game that should lure you into registration so they can harass you over the phone. One way or another, your options are:

• Active retail
• Professional trader
• VIP
• Corporate

Mobile Trading App

According to the company’s presentation, there is an AssetivaX mobile app available. However, not in trusted PlayStore or AppStore. It’s not even available for download on the company’s website. Therefore, it’s highly probable it doesn’t even exist. Instead, they will offer you a potentially poorly optimized web trader.

Demo Account

Similarly to all other fictive features of this firm, demo accounts are also speculative. Whether these exist or not, it’s just bait to extort your contact details. Nothing more. For safe demo trading, opt for top-tier licensed firms.

Education

When it comes to trading education you should never rely on unregulated brokers there. In most cases, they don’t teach you properly. But to make it even worse, this company offers just basic answers to trading questions. For more advanced options, you have to reach out to licensed firms again.

AssetivaX Withdrawal

Generally, traders can expect mainly issues with the AssetivaX withdrawal procedure. Firstly, because the company has the right to charge traders with fees for whatever they want. Starting with so-called “abuse”, withdrawing without trading, etc. Secondly, because of hidden fees, processing time, and methods.

All these details combined make all traders vulnerable. Therefore, you better prepare yourself for the refund process properly.

Customer Support

On top of all the problems, the company also offers disastrous customer support. With hidden operating hours and only e-mail available, we can hardly expect any assistance from this firm. You might get assistance from encrypted platforms, but only while you are an active trader. Fairly, not too convenient for any experienced trader.

Key Information To Consider About AssetivaX?

Issues that you can expect here can be counted forever. In the first place, there are missing regulations, multiple warnings, shady trading platforms, hidden fees, etc. But you realize there are much more problems.

Therefore, if you got stuck with an AssetivaX scam broker we suggest you do only one thing – apply for a refund immediately. If you don’t know where to start, book a free first consultation with our refund consultants today.

FAQ Section

What is AssetivaX?

AssetivaX is an offshore brokerage operating with absolute anonymity with hidden trading conditions and legitimate contact options.

Is AssetivaX Legit?

No. AssetivaX broker is not licensed anywhere and on top of that they are on a warning list of FSMA, CNMV, and CONSOB.

How to Recover Money I Invested With AssetivaX Broker?

Whatever you try with this scam broker, you won’t get your withdrawal regularly. Instead, we suggest you reach us for chargeback advice right away.