Despite not owning any Forex license, these charlatans claim to open doors to most advanced and most lucrative trading opportunities. While this may seem like a deal of a lifetime to inexperienced investors, over a dozen regulatory bodies wouldn’t agree. 

It’s raining regulatory warnings and public alerts, so let’s dive into the story of one of the most notorious scammers currently. Read this Vourteige review to find out how to recognize fraud and avoid it but also recover your funds if already stolen.

Broker That Isn’t a Broker

Owned by Quintero LLC, registered with the SVGFSA, the Vourteige broker operates without a mandatory Forex certificate. While you may think registration with an offshore entity is enough to make a company safe for investing, let us elaborate on how dangerous these conducts actually are.

First of all, SVGFSA is a regulator that doesn’t supervise securities markets dealers. Even if offshore nations had some sort of a regulatory framework implemented, it wouldn’t compare to the legislation imposed by Tier 1 regulators. That’s why you can’t expect proper fund safety, compensation options or negative balance insurance with these firms.

Another confirmation of this broker’s predatory actions towards clients are public warnings, so far posted by FCA, IOSCO, CSA, AFM, FSMA, CONSOB, FINMA, AMF, and FSC. Read our report on the Mekness as well, and how their act fell apart after another public warning.

Fake Ratings Keep Reputation Afloat

Since there’s no broker regulation framework in SVG, the swindlers had to find another way to persuade clients that they’re legit. They did this by creating numerous fake Vourteige reviews on virtually every ratings platform out there.

Each of the sites we checked, TrustPilot, SiteJabber and Reviews.io, have been heavily padded by review seller networks. The truth is starting to surface despite the fake comments, however, as the traders are starting to share their experience. Many of them speak of being exposed to fraudulent strategies we’ve seen too many times.

Typical Boiler Room Fraud

In order to advertise, the hoax uses third-party affiliates to post promotional content on their own Facebook pages. The small online footprint of the company is directly related to the age of their platform. No matter what the schemers tell you, vourteige.com did not exist prior to September 2023.

Majority of the victims are from these areas, and were contacted first by the so-called boiler room agents:

• Belgium
• Sweden
• Estonia
• Switzerland
• United Kingdom

If someone shows interest, they will become a focusing point for several Vourteige scam agents. Calling day and night, they turn the interaction into a harassment nightmare.

People inevitably crack under pressure and invest, only to receive even more calls about further deposits. When traders try to withdraw their funds, the con artists simply cut off communication and leave them hanging. If you need help recovering money from this scheme, contact our team.

Huge Commission on All Trades

In their Fees and Charges document, the company declares a commission on the profits worth 19% charged on every successful trade. That is said after a long introduction about how the firm has chosen to charge the lowest fees on the market because their clients deserve the best. 

Besides these unreasonable trading commissions, no other taxes and charges are revealed. So much for being transparent like they initially promised. Trading parameters are also unclear and there’s only a leverage ratio of 1:200 being mentioned.

Tools of No Use to Anyone

It’s default to pinpoint a single feature provided by this illicit platform which would make joining the portal and creating a new Vourteige login worth it. The website is packed with useless text and not a single valuable piece of information is revealed. Let us show you what can be found on this site but without false marketing. 

Laughable Software

The Vourteige platform is said to be available in several varieties and on multiple operating systems. One of these is a WebTrader, and the desktop and mobile versions are simply called “Terminal”.

After downloading, we’ve concluded that they’re the same web trader, packaged as a standalone program. Of course, the download did not come from official channels like GooglePlay or AppStore.

Software itself is rudimentary and unstable, containing a basic charting tool, asset selection and buy/sell functions. These sorts of programs are common with other swindlers like Epic Trust, and exist only to keep the traders occupied.

Several Asset Groups Offered

The site offers no disclosure on Vourteige trading products. Instead, you’ll have to access the app.

Here’s what we managed to find out:

• Forex – EUR/USD, USDJPY, AUD/CAD
• Crypto pairs – BTC/USD, ETH/BTC, XRP/EUR
• Indices – DAX, Dow Jones, Nikkei 225
• ETFs – SHY, XLE, EPU
• Stocks CFDs – Cisco, Bayer, Intel
• Commodities CFDs – Zinc, Coffee, Crude Oil

Too Lazy to Design Account Types

If you want to sign up for the Vourteige account, you can simply do so by providing several details and your contact information. After that, you will gain access to the user dashboard where you have insight into your account, balance, and transactions. 

However, you won’t be able to choose between several distinctive account types and packages that include different trading terms, bonuses or other features. Along with the lack of transparency that’s yet another reason why you shouldn’t register for a blacklisted platform.

Monetary Transactions and Complaints

Almost every one of the hundreds of negative reviews we found report about stolen investments. All of the deposited funds seem to disappear while the profits are also never available for withdrawing. 

Scammers prevent their clients from performing a payout by coming up with various excuses. Some of the reasons for rejected withdrawals and blocked accounts are surprise bonus terms, trading volume requirements and upfront fees. 

While there’s allegedly wire transfers and crypto currencies supported, different methods are accepted for payouts. This itself is a severe rule breaking and a reason for blacklisting.

Helpful Thieves

Customer help desk functions through the same boiler room agent that got you into the mess. Support will be kind and supportive as long as you’re paying. If you encounter any actual problems, they’ll just stop answering the calls.

Take Back What is Rightfully Yours!

In the end, is Vourteige legit? Our investigation and findings, along with multiple regulatory blacklists are some of the major red flags and solid reasons to avoid this portal. To trade safely and with a piece of mind, consider signing up with a licensed firm instead. 

If, on the other hand, you need legal instructions and support to start a chargeback, we can also help you with that. Contact our chat agents and find out how you can recover your assets quickly and hustle-free.

FAQ Section

What is Vourteige?

It is an online forex and CFD trading fraud. The company has been blacklisted in numerous jurisdictions.

Is Vourteige Legit?

No, the firm operates an illegal, unlicensed business. If you’ve invested any funds with this internet scam, contact our recovery team.

Who Owns Vourteige?

The platform is owned and operated by Quintero LLC, registered in St. Vincent and the Grenadines.

GlobalOnlineFX is not a reliable provider. The focus of our GlobalOnlineFX Review will be the legal background of this alleged crypto trading platform and what the shady website offers in terms of trading. 

We have gathered some evidence against GlobalOnlineFX that will undoubtedly shatter the facade that the scammer cunningly built. Read our analysis to learn how to identify online financial swindlers and how to get money back from them.

Legal Info: Is GlobalOnlineFX Regulated?

GlobalOnlineFX claims to be a legitimate American-based crypto trading company. Yet, the website provided a UK address. After looking it up, we found out that the UK’s Financial Conduct Authority (FCA) issued a warning against a trading scam located at that address. Something is terribly fishy about that address.

And since GlobalOnlineFX doesn’t provide any more info about the legal background, it is evident that the platform is not transparent and unlicensed to provide crypto trading services. Trading with unregulated brokers is risky, which is why we recommend you invest your hard-earned funds elsewhere.  

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

If GlobalOnlineFX scammed you, we can help you retrieve your money!

Who Are GlobalOnlineFX’s Victims?

According to cubdomain.com, the globalonlinefx.com website domain was created on November 18, 2021. Since then, the anonymous con artist has been primarily targeting traders who reside in the following countries:

• UAE;
• Philippines;
• Germany;
• Canada;
• Nigeria.

It is obvious that the scam broker wants to infiltrate major financial hubs around the world. Unlicensed providers such as GlobalOnlineFX and SPmarket24 typically pretend to be legitimate platforms in order to dupe unsuspecting traders. Neither broker respects the regulatory rules of the aforementioned jurisdictions.

Trader Reviews – Sharing Experiences

There are not many GlobalOnlineFX trader reviews. We did manage to find some on scamadviser.com, all negative. Traders expressed their frustration with GlobalOnlineFX and the withdrawal issues they experienced.

More complaints can be found on reddit.com where traders revealed the truth about the unscrupulous trading scam. Read the thread to understand why we were right in our previous sections. GlobalOnlineFX cannot be trusted!

Do not trade on unregulated platforms. We can help you get your money back.  

GlobalOnlineFX Trading Platform

GlobalOnlineFX offers a rudimental and lackluster web platform, just like PrimoTrade. The problem with this trading terminal is that it is ineffective, i.e. there are no advanced features and tools. It can be used to trade five popular cryptocurrencies: Bitcoin, Ethereum, Litecoin, Ripple, and Bitcoin Cash. 

WebTrader contains only basic charts, graphs, and indicators. If you want to truly enhance your trading experience, you need to use cutting-edge software such as MetaTrader 4 or MetaTrader 5. GlobalOnlineFX does not support these platforms.  

Leverage, Spreads and Commissions

GlobalOnlineFX did not disclose the maximum leverage cap. Just keep in mind that high leverage is risky, especially if you’re a beginner who’s trading volatile assets such as cryptocurrencies. High leverage can amplify profits but also losses.

GlobalOnlineFX did not disclose any other trading costs such as spreads and commissions. Furthermore, the broker does not offer a free demo account, only a single live account. Without a demo account, we couldn’t try out the platform and the spreads & commissions. It does not matter because we already debunked all the lies on the website.

GlobalOnlineFX Withdrawal Process

According to GlobalOnlineFX’s website, the payment methods for deposits and withdrawals include the following:

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

The minimum deposit requirement is 200 US, which is not worth the risk. As for the deposit and withdrawal fees, GlobalOnlineFX does not disclose anything. Since some traders complained about not being able to withdraw funds, we will tell you a bit more about the chargeback procedure.

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

Key Facts To Consider About GlobalOnlineFX

GlobalOnlineFX is an unlicensed crypto trading scam allegedly based in the United States. The main targets of GlobalOnlineFX are traders from the Philippines, Nigeria, Canada, Germany, and the United Arab Emirates.

The platform is unregulated. Many traders had issues with GlobalOnlineFX, which is the main reason why we do not recommend this platform.

If you lost money to the GlobalOnlineFX scam, please book your free consultation with us and tell us more about your case. If you need professional assistance in recovering your funds, our team will gladly guide you through the chargeback process.

We also offer professional crypto-tracing services, in case you deposited your funds via cryptocurrency payments.

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

FAQ Section

What Is GlobalOnlineFX?

GlobalOnlineFX claims to be an American crypto trading platform with a web-based trading terminal.

Is GlobalOnlineFX A Scam Or Legit?

GlobalOnlineFX is undoubtedly a scam. The website is not transparent and the broker is not licensed.

How Does GlobalOnlineFX Work?

GlobalOnlineFX is supposedly a crypto trading platform. If you invested money in it, we can help you get it out!

AFS Equity is owned by AFS Equity LLC. This corporation doesn’t provide any ownership information to the clients. Once we did our research thoroughly, we found that there is no information available about the headquarters country.

Therefore, we can’t know under what country legal jurisdiction they comply. Besides that, the company doesn’t have any license for trading on Forex and CFD.

Details About The AFS Equity Broker Scam

Starting from the website it is anonymous. They are luring their clients with false advertisements about automated systems. Agents are trying to sell you your dreams.

Since the company doesn’t have any regulations, your funds wouldn’t be safe at all. Moreover, you don’t have anybody to contact since they don’t provide any customer service phone.

Checking every detail about AFS Equity, we found it’s nothing but a scam. If you just look for standard information, you can’t find it. Whether it’s a license, registration or phone number. Avoid this company for good.

Arguments For Trading With a Licensed Broker

First, a licensed broker needs to disclose a license number for trading on Forex and CFD markets. Second, they would provide with headquarters country, registration number, contact and ownership information.

All of that is missing with AFS Equity broker. We wanted to double-check and in the register of Tier 1 Regulators, we found nothing about them.

For example, those would be FCA, BaFin or ASIC.

Financial Regulators’ Warnings as a Red Flag of a Scam

The situation is even worse when a company has warnings against it. Like AFS Equity trading has. Before that, they would maybe get out with some shady explanation.

But now, when you know that regulatory institution is warning against it, it’s serious. We found such a warning with AMF Quebec.

Analysis of Customer Reviews Related to AFS Equity

If you check other AFS Equity reviews all you’ll find are negative reviews. Only people who are complaining about losing money with this trading scam.

Unfortunately, it’s only a few people expressed themselves about this scam. We found only 1 review on Trustpilot which is rated 1 star. Others might be removed.

AFS Equity Trading Platform – Available Trade Software

As the company states, its trading platform is earning awards on every corner. Reality is a bit different. Besides lies about the availability of the MT4/MT5 trading platform, their web trader is nothing but trash.

It offers only a limited amount of TA tools and nothing of newly developed trading options. So, we can say that advertisement for MT4/MT5 is just a trick to get you on board. 

What Financial Instruments Does The Platform Include?

The company offers access to 5 classes:

• Forex                      USD/JPY, NZD/CAD, GBP/EUR
• Commodities           Natural Gas, Gold, Platinum
• Indices                    DowJones, FTSE100, CAC40
• Stocks                     Microsoft, Facebook, Pfizer
• Cryptocurrencies    BTC, BNB, LTC

The problem is if those assets have real-time data. Many platforms like these, could be manipulated through the back end. The reason for that is to present fake profits to its clients.

As a result, people end up throwing more money away to these bogus scammers.

Areas Of AFS Equity Scam

AFS Equity broker is scamming traders from:

• Canada
• Australia
• Spain
• Italy

This way they cover a wide range of languages and populations. These countries don’t have so developed security against scammers. That’s exactly why they are directly targeted.

AFS Equity List of Account Types

This company offers 4 different live trading account types. Those are:

• Standard     1000$
• Silver           5000$
• Gold            25000$
• Platinum      50000$

Accounts are more probably fictive. The idea is that you have cards to play when you miss ideas on how to lure clients to put in more money.

AFS Equity Demo Trading Account

Unluckily, this broker doesn’t offer access to a demo trading account. Those are speculative amongst traders.

Some say it’s good to check the availability of the features. Some say it’s dangerous because you learn how to risk money.

Try it out yourself and see how you like it. But make sure you do that with a licensed company.

Register by Entering a Promo Code

To register with the company a Promo Code is required. Usually, those are obtained directly through a broker agent.

As a result, they trick you to bring more people in by offering some advantages and benefits in trading. That’s why those people who got recommendations get a promo code.

Promo code for a disaster if we could say.

Bonuses and The Terms of Their Receipt

Another trick from the sleeves is bonuses. Those are not allowed in any regulated company. Especially not the ones with Tier 1 Regulations.

If you deposit another 50.000$, you get a 50% bonus on top of that. You would think it’s a great deal.

But once you get information that you need to make 30 times more than that bonus it’s too late.

AFS Equity Terms and Conditions

All terms and conditions mentioned on their website are questionable. Since they are not licensed, they can write whatever they want.

Moreover, even those written are not completely clear. And the only way to find out whether it is reliable is to try it out.

To sum it up, you better check AFS Equity reviews, before making your first moves.

Leverage, Spreads and Commission

Leverage information is not disclosed for all assets. It’s only mentioned that you can get a 1:5 ratio for BTC trading. For a volatile asset like Bitcoin, even this is too much.

Spreads range from 1.3 up to 2. Those are insanely high compared to what licensed trading companies are offering.

A commission for all account types is 0$. They don’t present any hidden fees or charges. But you never know with scammers like these. 

AFS Equity Broker Scammed You? – Please Tell Us Your Story

You should not blame yourself if you were caught in a scam. You can learn from your experience. Next time, after an AFS Equity review like this you will know what to do.

In any case, if you were a victim, there is still a solution. To get a free consultation about a chargeback process, get back to us now!

What Is the Chargeback Procedure?

It’s not a magic wand, but it is a powerful tool. If you have knowledge about chargeback in your arsenal you shouldn’t be worried.

It is simply reversed transaction when a Debit/Credit card is used. Usually, cardholders request a chargeback, but it can be performed by a merchant as well.

To know what is your first step, contact us now!

FAQ About AFS Equity Broker

What Is AFS Equity?

It is a non-licensed anonymous trading company offering services to clients from Canada, Australia, Spain and Italy.

Is AFS Equity a Scam Broker?

Absolutely. They are hiding all crucial information about themselves.

Is AFS Equity Available in the United States or the UK?

Because of the high level of security, they don’t provide services to US or UK clients.

Does AFS Equity Offer a Demo Account?

AFS Equity doesn’t offer a demo account but only live trading accounts.

SwapSpace has become a popular platform for crypto traders seeking the best exchange rates across multiple exchanges. As an exchange aggregator, it simplifies finding optimal rates by compiling offers from over a dozen reputable crypto exchanges worldwide. 

In our SwapSpace review, we’ll examine the platform’s interface, supported cryptocurrencies, and non-custodial model. We’ll also analyze its unique features, such as instant swapping without registration and the swap tracker. Our goal is to determine if this platform is a safe option for users.

Legal Info: Is SwapSpace Regulated?

As an exchange aggregator, SwapSpace is not regulated by any financial authority or body. It does not custody user funds or assets, nor does it facilitate trades on its own platform. Instead, it merely compiles and displays exchange rates and trade facilitation services offered by various integrated crypto exchanges.

SwapSpace’s regulatory compliance and legal status largely depend on the exchanges it partners with. According to the website, Its integrated exchanges are well-established platforms that adhere to relevant regulations in their respective jurisdictions. 

Major partners like Binance, Changelly, ChangeNow, and others have secured operating licenses and registrations as needed. The company is based in Saint Vincent and the Grenadines (SVG), which has no crypto regulations and is known for housing countless shady acts. 

The platform claims to follow all applicable laws and carry out required compliance measures, such as KYC and AML checks, through its exchange partners when necessary. However, as an unregulated entity, SwapSpace lacks the investor protection that regulated platforms offer.

Instead of trusting unlicensed imposters, we recommend you trust firms that are regulated by esteemed financial market authorities such as the FCA (UK), ESMA (Europe), CFTC (US), ASIC (Australia), IIROC (Canada), MAS (Singapore), etc. 

Trader Reviews – Sharing Experiences

As of this writing, there are 505 SwapSpace reviews on trustpilot.com. The exchange received an impressive average score of 4.6/5. Countless users have taken to the forum to express their satisfaction with the platform. There were bound to be some complaints, but that’s normal for any business.

A Reddit thread we found explains how a user recovered funds lost on SwapSpace, indicating that the whole thing got resolved. As far as user feedback goes, the platform has garnered some nice comments about its performance.

Before investing money online, always check what regulators and users say about a particular platform or website to ensure you are dealing with a transparent entity and not cyber crooks like UFMInvest. 

Who Are SwapSpace’s Targets?

The SwapSpace exchange was founded in 2019. Since then, it has mainly been providing services to investors who reside in the following countries:

• United States
• United Kingdom
• Germany

These three states are renowned for having heavy financial regulations and unforgiving watchdogs that oversee the markets. They meticulously scrutinize participants to prevent fraudsters like Cred Capital from deceiving users. Since SwapSpace is a pure exchange, it is not subject to regulatory oversight, which is a disadvantage for users.

How the Crypto Platform Works

The exchange operates as a non-custodial platform, meaning users do not need to go through any SwapSpace login or SwapSpace app to create accounts to access the service. Instead, the process is simple – visit the website and select the cryptocurrencies you wish to exchange. The firm will fetch real-time rates from its integrated partner exchanges.

Once you choose your desired exchange rate, SwapSpace will provide the deposit address to which you can send your crypto funds. After depositing, the exchange handles the actual trade and sends the received crypto directly to your personal wallet address. There is no intermediary wallet involved.

The entire process doesn’t require users to sign up or share any personal information, except when an integrated exchange demands KYC/AML checks for larger trade volumes. 

SwapSpace generates revenue through commissions from the exchanges for trades. While convenient, this non-custodial model means the firm never has control over user funds. It merely fetches and displays rates, facilitating the connection between traders and their partner exchanges. The individual exchanges used are responsible for secure transfers.

Fee Structure

One of the major advantages of using SwapSpace is its fee-free model. The firm does not charge users any deposit fees, withdrawal fees, or trading commissions. As an aggregator platform, it generates revenue by receiving a share of the trading fees from the cryptocurrency exchanges integrated into its system. 

These exchanges charge their standard trading fees, displayed to the user when selecting an exchange rate.

Essentially, users pay only the trading fees of whichever exchange they choose to execute their trade, with no additional charges from SwapSpace. This fee structure is uniform across all the supported cryptocurrencies on the platform.

Customer Support

Regarding user queries and issues, SwapSpace support is available across multiple channels. The website provides an email contact form and a live chat option for users to contact the customer service team quickly.

SwapSpace is also active on major social media platforms like X, Telegram, and Reddit. The company’s Telegram and Discord channels are particularly active for support inquiries.

Funding Options and Refund Methods

The website lists several payment methods for depositing funds and withdrawing them:

• MasterCard
• Visa
• ApplePay
• GooglePay

As a non-custodial platform, the funding process is straightforward. Users must set up their own private crypto wallets before using the service. However, if you suspect unwanted practices, explore alternative withdrawal methods.

A MasterCard/VISA card transaction can be reversed via a chargeback. You can request a chargeback at your issuing bank within 120 days of the transaction. Reversing crypto transactions is challenging and requires specialized tracing software like CipherTrace. Fortunately, our team is experienced in assisting victims in recovering funds.

Key Information To Consider About SwapSpace

SwapSpace is a crypto exchange aggregator that allows quick rate comparison and swapping across multiple integrated exchanges. Its pros include no registration required, wide coin support, and no additional fees. Its cons are a lack of regulation, dependence on partner exchanges for security, and limited direct customer support. 

We offer professional services and assistance if you have issues with the SwapSpace crypto platform and cannot withdraw your funds. Use the form below to book your free consultation with Scam Brokers Reviews.

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

FAQ Section

What is SwapSpace?

SwapSpace is a crypto exchange aggregator that allows quick rate comparison and swapping across multiple integrated exchanges.

Is SwapSpace Reliable?

It isn’t a regulated exchange but integrates with regulated partner exchanges. Call us if you have SwapSpace withdrawal issues.

How to Use SwapSpace?

To use SwapSpace, select your crypto pair, choose the best exchange rate, provide a withdrawal address, and swap instantly without registration.

AlphaPrime is an old scheme under a new domain. This trading firm was known under alphafxprime.com until the Maltese regulator banned it. 

Then, we’ve got alphaprimefx.co, same scam in the new suit. Read this detailed AlphaPrime review and gather all the information.

Does AlphaPrime Have a License From the Regulatory Authority?

AlphaPrime is said to be a brand of Alpha FX Europe Limited, licensed by the UK FCA, Maltese MFSA, and Italian CONSOB.

However, here’s the issue. The legitimate firm has only one domain, that being alphafx.co.uk. All other resembling websites are false. That was confirmed by the MFSA warning.

Allegedly, AlphaPrime is registered in Cyprus, while their support phone number has a Dutch country code. If this bedevil is not enough, the Terms and Conditions don’t specify anything in regards to legal jurisdiction or the actual owner.

In addition, we strongly advise you not to invest in Adar Capital, PrimespotWay and Crypto Portfolio fraudulent brokers. So don’t fall for these dishonest scam brokers!

Reasons Not to Trust an Unlicensed Broker

Unlicensed brokers tend to imitate regulated trading firms to attract potential investors. However, they do not provide the level of security you’d get with a legit brokerage. There’s no fund safety, compensations, or negative balance protection.

If an unregulated firm vanishes, tracking perpetrators can be tricky since most of these firms are anonymous, such as AlphaPrime.

​​Is AlphaPrime a Legit Broker or a Scam?

AlphaPrime presents itself as a legitimate broker regulated by the FCA, MSFA, and CONSOB. In fact, the domain alphaprimefx.co is just a clone of a legit brokerage. The consumer index is low, indicating withdrawal issues.

AlphaPrime Awards – Company Achievements

Trying to confirm its legitimacy, AlphaPrime listed its alleged awards:

• Best Trading Experience 2019 – World Finance Awards
• Most Innovative Broker 2018 – FXEmpire
• Best Customer Service Global 2017 – World Finance

Since the website was registered in 2021, there’s a slim chance they could win any awards before registration.

Warnings From Financial Regulators 

The Maltese regulator, MFSA, issued an official warning stating that AlphaPrime is a clone firm. While the domain is different, all other information, from address to phone number, matches our AlphaPrime here.

We suspect this shady firm changed its domain after the warning, but it cannot hide it. A scam remains a scam, however, you name it.

What Do Traders Think Of AlphaPrime?

Most traders tried filing a dispute with regulators and asking for their funds back. Of course, since AlphaPrime is not actually licensed, this was impossible.

Then, they realized that they had been scammed and started looking for alternative money-back solutions. Numerous negative reviews are warning future investors not to make the same mistake.

What Platform Does AlphaPrime Provide?

AlphaPrime allegedly gives access to WebTrader. It also says it offers proprietary apps for mobile phones, both Android and iOS. However, our research has shown differently.

Web Terminal

Broker’s WebTrader terminal is quite dull, without any special features. There are pending orders, the ability to open and close trades, and several technical indicators.

If you’re looking for a more advanced tool, you can always check out MT4 or MT5. Both offer a wide range of TAs, EA, access to social trading, and much more.

Mobile Trader

AlphaPrime’s mobile trader is allegedly available on both platforms. However, once we tried downloading it, we got the file “unconfirmed.crdownload.”

Since we’re unwilling to open any files being unconfirmed, we cannot verify if there’s really a mobile app. If you find a MetaTrader broker, you’ll get an app, no questions asked.

AlphaPrime Accounts Overview

This brokerage offers four account types, those being:

• Micro – $250
• Standard – $2,500
• Premium – $25,000
• Gold – $100,000

Allegedly, each gives access to MT4, which we have already confirmed is untrue. Further, the leverage and spread decrease with account upgrades while the margin level increases.

So, you should avoid BSTrade forex broker and similar brokers such as AFX Trade LLC, Geneticrypto and Fibofix.

AlphaPrime Range of Trading Markets

Customers can trade in the following markets:

• Forex – EUR/USD, GBP/CAD, AUD/NOK
• Indices – NASDAQ, FTSE100, IBEX35
• Shares – Google, Facebook, Microsoft
• Commodities – gold, platinum, corn

It’s unclear whether crypto trading is enabled since BTC is listed under currency pairs.

What Is Known About AlphaPrime’s Trading Conditions?

The easiest way for the broker to attract investors is by offering favorable trading conditions. However, you should be worried when those go against the regulatory regime. 

Leverage can significantly increase your trading power but can also lead to heavy monetary losses. Let’s see what AlphaPrime offers.

Leverage and Spreads

While the European regulatory cap for leverage is 1:30, AlphaPrime offers a range of 1:100-1:500. This is an official confirmation of its illegal operations.

The spread ranges from 0.2-1 pips, which is quite solid. Yet irrelevant when the broker is unlicensed.

AlphaPrime Minimum Deposit and Withdrawal Terms

AlphaPrime requires its customers to deposit a minimum of 250 USD or EUR. However, the payment methods are not specified.

The Withdrawal Policy is also obscure, not to mention withdrawal terms and costs. All in all, it seems that getting a payout is not an option. According to reviews, customers who submit withdrawal requests can no longer access their trading accounts.

Scammed by AlphaPrime Broker? – Let Us Hear Your Story

If you were scammed by AlphaPrime or a similar phony website, let us know. Our chargeback experts will evaluate your case. We may be able to assist with fund recovery. Let’s get in touch!

But What Is A Chargeback?

This is a way for your bank to reverse a fraudulent transaction and recover stolen funds. For more information, book a free consultation with our experts.

We’re here to help!

What Is AlphaPrime?

AlphaPrime is a clone firm of a legitimate brokerage, Alpha FX Europe Limited.

Is AlphaPrime a Scam Broker?

AlphaPrime is a scam broker exposed by the Maltese regulator, MFSA.

Is AlphaPrime Available in the United States or the UK?

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

Does AlphaPrime Offer a Demo Account?

No, AlphaPrime doesn’t offer a Demo account and requires an initial deposit immediately.

Welcome to the RXK Capital Review. In this quick analysis, you’ll learn why this offshore provider is extremely risky and dangerous. Everything from its trading platform to conditions and payments is dubious. Without further ado, let’s expose this fraudster once and for all.

Furthermore, we strongly advise you not to invest in the bogus brokers BN93, TBanque, and ENS Invest. If you want to save money, don’t trade with these unlicensed brokers!

RXK Capital Is a Fraudulent Broker Without a License?

We’ll start off by saying that RXK Capital is unlicensed. There is ample evidence for this presupposition. The most obvious is the fact that the broker is operated by RXK Management Ltd, based in Saint Vincent and the Grenadines (SVG).

This little island in the Caribbean Sea is notorious for being home to a lot of vile scams and frauds. They love SVG due to its favorable tax system and lax rules. 

Plus, the local Financial Services Authority does not regulate the Forex market. Therefore, RXK Capital cannot possibly possess a valid license.

RXK Capital is an illicit offshore investment scam that claims to offer Forex, CFD and crypto trading. The broker intends to defraud unsuspecting traders from Germany, Sweden and the United Kingdom.

Why Is It Safer To Choose Regulated Brokers?

Needless to say, without a license, RXK Capital surely doesn’t provide enough security to its clients. By that, we mean segregated funds, negative balance protection, leverage restriction, and indemnification.

Also, we don’t know whether the broker has a considerable operating capital (i. g. a minimum of 730,000 EUR in the EU). That’s not a provider you want. Instead, opt for those that are regulated by the likes of the FCA, CySEC, ASIC, etc.

A Warning Issued by BaFin

An SVG-based offshore broker is shady enough, but coupled with the fact there’s a warning issued against RXK Capital, it makes matters far worse. Yup, the stern German financial market watchdog, BaFin, has warned traders about this con artist.

This text ought to deter you from trusting such a foul provider. We honestly hope it reaches other traders as well.

RXK Capital Software – How Safe Is Trading Platform?

RXK Capital advertises an “award-winning platform” suitable for beginners and adapted for multiple devices such as the PC, Mac & mobile. However, the fraudster is simply selling snake oil.

The platform in question is WebTrader, a rudimental and oversimplified browser-based platform. As such, it lacks advanced tools like algorithmic trading and API integration that made Meta Trader 4 and 5 great.

Mobile Trading

Since the platform is available only online, it can be accessed via a mobile phone as well. While it may be good for trading on the go, we don’t recommend it.

Plus, it may be rigged to show fake trading parameters. The profits are fake, but the broker does take your deposits with pleasure.    

Traders’ Reviews of RXK Capital

At the time of this writing, there were 47 reviews on Trustpilot. Mostly positive but even the website warned us about fake reviews. One trader made an alarming statement and RXK Capital launched a counteroffensive.

This is a scam. Be aware! They will lose your money and then refuse to speak to you. They will say they’ll contact you but they never will. They tell you your trades are in “rollover” but 3 months later they still refuse to tell you what’s going on. You absolutely are pressured to enlarge your investment.

– Trustpilot user, November 16, 2022.

The financial swindler denied this claim and got all defensive. Disregard the scammer’s fake courtesy, the poor trader is right about RXK Capital.

RXK Capital Range Investment Opportunities – Trading Instruments

Here’s an overview of RXK Capital’s trading instruments:

• Forex currency pairs – EUR/USD, AUD/NZD, CAD/GBP…
• Indices – NIKKEI225, GERMANY30, US100…
• Commodities – gold, silver, coffee, brent oil…
• Stocks – Apple, Bayer, Samsung…
• Crypto assets – BTC, ETH, LTC, XPR…

RXK Capital Fraud Risk Zones – Service Countries

It’s important to note where this scammer implements its malevolent scheme. Traders from three countries are the main targets:

• The United Kingdom;
• Germany;
• Sweden.

Fortunately, Germany’s BaFin launched an investigation of RXK Capital’s business. If you have relevant and useful info on this scam, please let us know.

On top of that, we seriously recommend you not to invest in the fake brokers Apollo Cash, Auto FX Trade, and IntraO. Do not trade with these unlicensed brokers if you want to save your money!

RXK Capital Accounts Overview

Here’s the list of available account types at RXK Capital:

• Standard Trading Account – 10,000 EUR;
• Advanced – 25,000 EUR;
• Platinum – 100,000 EUR;
• Expert – 250,000 EUR;
• VIP – 500,000 EUR.

As you can see, the weakest account costs 10,000 EUR, but the broker says in the FAQ section that the minimum deposit is 250 $.

As for the leverage, it ranges from 1:20 to 1:150, well above the legal limit of 1:30 set by top regulators. Only offshore con artists do this. 

Spreads start from 0.2 pips. That’s awesome but not certain given RXK Capital’s illicit status. Commissions go all the way up to 10%, which is really unfavorable.

Access to a Free Demo Account

Nope. There’s no demo account here. Unsurprisingly, all we found was a promo code option. The scammer finds a suitable trader to defraud, sends him/her the code, steals the money and vanishes. That’s the whole scam in a nutshell, basically.

Bonus Conditions Provided by the Broker

Each account type comes with a hefty bonus – 2,500-250,000 EUR. Of course, it’s not without strings attached. Namely, there’s a shady clause that requires you to trade up to an insane volume to be able to withdraw.

By trusting this broker, you agreed to this. So much for transparency. Bonuses are banned by all reputable European regulators.

RXK Capital Terms and Conditions

In the T&C section, we found some info on the payment methods. RXK Capital mentioned credit/debit cards and wire transfers as well as a 5% withdrawal fee. Allegedly, withdrawals take up to three business days and five more days to appear in clients’ accounts.

As the poor victim mentioned in the Trustpilot complaint, RXK Capital locks in the deposits and refuses to allow any withdrawals. 

RXK Capital Broker Scammed You? – Please Tell Us Your Story

Falling victim to this awful scam is unfortunate. However, we can help you in getting a refund and report RXK Capital to raise the awareness of more regulators about this hoax.

As for the refund methods, they depend on the way you deposited funds. You can request either a chargeback or a recall. We can help you with the whole process. Just give us a call!

What Is the Chargeback Procedure?

• Credit/debit card transactions can be reversed via chargeback.
• You can request a chargeback at the issuing bank within 540 days.
• Wire transfers can be reversed via recall.
• If the transaction is complete, the recall cannot be performed.

Contact us today and start your chargeback process.

What Is RXK Capital?

RXK Capital is an outrageous offshore investment scam that includes Forex, CFD and crypto trading.

Is RXK Capital a Scam Broker?

Yes. There’s even a warning issued against the shady broker by Germany’s BaFin.

Is RXK Capital Available in the United States or the UK?

The broker is available in the United Kingdom but not in the United States.

Does RXK Capital Offer a Demo Account?

No. There’s only a live account. But we did find a promo code option, which is really suspicious.

Duo Markets broker, owned by TUTORES-FX S.A.C., is an introducing broker for Eurotrade SA (Pty) Lt. An Introductory broker is an entity that accepts orders to buy and sell various financial instruments, but does not accept capital and other assets from the traders. All the funds go to the owning company, in this case – EuroTrader. 

However, even the IB needs a license, and Duo Markets doesn’t have it. That’s where the troubles start. That basically makes them no different than LBLV for example. Please read the following Duo Markets review carefully, as the situation is so tangled up it gives headaches. 

Duo Markets Shady Regulation

Duo Markets has several discrepancies which made us suspicious of their real location being South Africa. Firstly, there’s a South African address on the website where Eurotrade SA (Pty) Lt is legally registered. Secondly, Duo Markets gives a phone number from Peru as their contact. Lastly, their verified TrustPilot profile gives an office address in the Bahamas! What will it be?

This dangerous and potentially offshore entity acts as an IB of Eurotrade SA (Pty) Lt as the main service provider. However, Eurotrade SA (Pty) Lt is regulated by FSCA in South Africa. You can search the register and the result will appear here: https://www.fsca.co.za/Fais/Search_FSP.htm. But not if you search for Duo Markets or the firm that is their supposed owner – TUTORES-FX S.A.C.

Eurotrade SA (Pty) Lt has a FSCA regulation but they cannot provide services to EU traders. Yet they do, and they also offer bonuses, which are prohibited there. That’s just a portion of the troubles the EuroTrade Group causes with their offshore entities that are breaching the ESMA and CySEC rules. You can find more details here: https://fintelegram.com/cysec-compliance-be-careful-with-the-bonus-program-of-offshore-broker-eurotrader/

We believe it would be smarter to find a better regulated broker that doesn’t use offshore entities to cover a wider area at any cost and bring their clients under risk. FinRoyalty is another site you should stay away from.

Duo Markets Targeted Areas

The origin of the Duo Markets clientele implies the firm’s potential real location. Most of the customers seem to be from the countries in the same area:

• Brazil
• Spain
• Peru
• Colombia
• Argentina

Their services and general offer might come off as attractive in certain aspects, but please beware. Duo Markets will have you believe you’re trading under the best conditions and with the best tools available. However, your entire investment project may go to waste, considering the offer comes from an unregulated entity. 

For the quickest problem resolving with this of similar firms, you can contact our customer service. We offer professional legal help that can aid you in fund recovery. 

Traders Testimonies

Duo Markets verified profile on TrustPilot currently has almost 200 reviews and the ratings are almost 100% positive. While appealing at first, this case actually smells like another example of paid reviews. Since most of them are not written in English, we will not post any, but we advise traders to know better than to blindly trust an unrealistic presentation.

Trading Commissions And Other Costs

Depending on the account type and the amount of your initial investment, you can access lower commissions and better spreads. Lowest commission is $0 while some other accounts have it at $2.75 and $2 on Forex pairs. As for the spreads, they start at 0 pips but can average 1.2, too.

The leverage is lower if you are willing to pay more for a pricier account. You can begin with 1:500, and unlock 1:100 maximum leverage later.

The Duo Markets Offer As A Whole

Determining how much you’re able to invest reflects the offer you can afford. Lower costs bring less features like a Micro account, while better offers are more costly. There’s several account types to choose from as well as the most popular financial instruments groups for trading. The Platform used at Duo Markets is MT4 and MT5 for all devices. Let’s see the particularities.

Trading Platforms

One bright point with an unlicensed broker could be the fact that they offer the best software in the industry for trading – MT4 and MT5. Being an introduction broker, Duo Markets provides the same software and trading server as their main service provider – EuroTrader.

The powers, abilities and reliability of MetaQuotes platforms are unprecedented to this day. Most deserving for that are the exceptional tools, advanced features and customization tools and add-ons.

Tradable Instruments

Duo Markets’ offer doesn’t differ much from what is usually traded and expected. With the majorly popular instrument classes available, Duo Markets has an average offer:

• Forex (EUR/GBP, EUR/USD, USD/CHF, USD/JPY)
• Indexes (AUD 200, DE 30, EUR 50, HK 50, JPN 225)
• Commodities (Gold, Platinum, Silver, Natural Gas, Sugar)
• Crypto (BTC, BNB, DOGE, DOT, ADA, ETH, LTC)
• Stocks (Nestle, AMD, Nvidia, Samsung, Tesla)

Account Types And Features

Cheapest Duo Markets account could be purchased with an initial deposit of just $25. The rest of the offer with the package names, prices and general features is the following:

• MICRO (STP) – Min deposit $20, spreads from 1-1.2 pips, leverage up to 1:500
• ZERO (STP) – Min deposit $300,  spreads from 0.3 pips, leverage up to 1:300, commission from $2.75 on Forex
• HERO (ECN) – Min deposit of $10,000, spreads from 0.3 pips, commission from $2 on Forex, leverage up to 1:100

Mobile Trading App

MT4 and MT5 have a diverse adjustability. These platforms offer customized versions across all platforms. Android and iPhone users can trade using the EuroTrader apps for MT4 and MT5 for trading on the go. While it is very comprehensive and lucrative to trade on such software, do not forget that Duo Markets is unlicensed, which ultimately defeats the purpose of transparent and fair trading. 

Trial Trading Options

Besides the fact that the platform is available for live trading on MT4 and MT5, EuroTrader users can also start off with a Demo. The trial period allows risk-free trading with a maximum margin of $5 000 000. This is especially attractive for Forex beginners, looking to first test the environment and learn their limits and possibilities.

Education

Earning at Duo Markets goes through the Duo Traders – Educational Portal. There’s several levels it covers, like news, articles, events and arena. 

Although extensive, the articles that these sections consist of are only in Portuguese, which significantly lowers their usefulness. Duo events and arenas are based on connecting with other traders to learn and test your own capabilities in comparison to theirs.

Duo Markets Withdrawal Procedures

Duo Markets website publishes several claimed channels for transactions: 

• Credit Cards
• Bank Wire 
• E-wallets 
• Crypto 

We absolutely do not recommend investing with any company that isn’t properly regulated and doesn’t have a license for their activities. Especially because Duo Markets doesn’t have publicly posted legal docs that would guide you through the process and inform you of the potential fees and taxes. 

While the website lists all these deposit methods, they aren’t completely honest about the payment providers and hidden fees. So watch out and thoroughly inform yourself before handing over your cash to anyone!

Customer Support

Contacting the Duo Markets support and staff mainly goes through the online form. The phone number belongs to an unknown Peruvian location and the office address isn’t that of Duo Markets but of EuroTrader. As if the situation couldn’t be any more unclear, Duo Markets as an unlicensed entity obviously tries to cover up their presence and any details that could give them away. 

Final Conclusion

Duo Markets, the IB of EuroTrader is not a licensed entity. Their location, headquarters and exact company info is completely concealed. This automatically renders them not trustworthy. Eurotrade SA (Pty) Lt and the entire EuroTrade Group are already facing regulatory breaches for their offshore activities. We’d recommend you to choose a better regulated broker instead.

If you happen to be facing difficulties with withdrawals, do not be ashamed and seek professional help from our legal experts. We can advise you and offer the help you need to retrieve your investment. Do not forget – first consultation is free!

FAQ Section

Does Duo Markets Have License?

No, this IB is not licensed to provide their services by any financial authority at all.

What Payment Methods Does Duo Markets Accept?

The website and the user panel list these methods: credit cards, wire transfers, e-wallets and crypto.

Are My Funds Safe With Duo Markets?

Safety is not expected from unlicensed entities. Contact us for help in retrieving your funds from unregulated firms!

Why is PrimeNox such an unreliable and shady Forex brokerage? Is it because of the lack of transparency or because of the ineffective trading platform?

These are just the tip of the iceberg, unfortunately. Read our PrimeNox Review to learn the nasty truth about this broker. Also, find out how you can get your money back from cyber con artists.

Legal Info: Is PrimeNox Regulated?

PrimeNox claims to be a legitimate UK Forex broker. Yet, this anonymous website, like Fantex, has been blacklisted as a scam! The Belgian Financial Services and Markets Authority (FSMA) is the financial regulator that issued a warning against PrimeNox on September 6 this year. 

Therefore, PrimeNox isn’t licensed to offer services. Trading with unregulated brokers is risky, which is why we recommend you invest your hard-earned funds elsewhere. Try finding a licensed provider.  

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

If PrimeNox scammed you, we can help you retrieve your money!

Who Are PrimeNox’s Targets?

According to godaddy.com/whois, the primenox.com website domain was created on April 11, 2023, despite the broker claiming that this business has been ongoing since 2009. Since the aforementioned date, the financial swindler has been mainly targeting traders in the following countries:

• United Kingdom;
• Australia;
• Belgium;
• Switzerland.

Fortunately, it did not take the Belgian FSMA long to notice the scam that PrimeNox is running. Please heed the warning from the regulator and avoid the phony platform altogether. 

Trader Reviews – Sharing Experiences

PrimeNox did not receive many reviews. In fact, we found only five – two positive and three negative. You can read the reviews for yourself on trustpilot.com and personal-reviews.com but please do not ignore the complaints.

Traders who claim to have lost money to PrimeNox presented solid arguments and grounds against the anonymous website. As we mentioned, it’s better to avoid unregulated platforms and opt for licensed brokers with great reputations.  

PrimeNox Trading Platform

PrimeNox offers a rudimental and ineffective web-based platform with basic charts, graphs, and indicators. The online trading terminal is suitable for beginners but not for intermediate and advanced traders because it does not offer cutting-edge tools such as automated trading or live market reports.

This platform can be used to trade popular assets such as Forex currency pairs, CFDs on stocks, indices and commodities, and cryptocurrencies. There is no mobile trading app though.

It’s important to stress that web platforms, like the ones offered by PrimeNox and Gfxroyal, can easily be manipulated and rigged so be careful.  

If you’re having issues with the PrimeNox platform, we can help you recover your funds.

PrimeNox Account Types

PrimeNox offers six live trading account types with varying trading conditions and benefits:

The maximum leverage is unknown. As for the trading costs, PrimeNox advertises tight spreads from 0.75 pips, which is pretty competitive but useless if the platform is rigged. 

The company also offers welcome bonuses, ranging from 10% to 50%. Bonuses directly violate the trading rules and regulations in force in the European Economic Area. And rightfully so given that PrimeNox included a shady bonus clause.

Namely, the website says that “bonuses issued to Client by primenox.com may only be withdrawn subject to execution of a minimum trading volume of 25 times the deposit amount plus the bonus issued,” which is an insane volume to achieve. Don’t let the scammer condition you with such requirements.

PrimeNox Demo Account

PrimeNox does not offer a risk-free demo account, despite advertising it. If you’re a beginner trader, you first want to try out the platform with virtual funds instead of risking real money.

Unfortunately, PrimeNox offers no such option, which is yet another reason why you should avoid this broker. Legit providers always include a demo account that can be used for a free trial period.

PrimeNox Withdrawal Process

PrimeNox’s website lists multiple different payment methods for deposits and withdrawals:

• Credit/debit cards (MasterCard, VISA);
• Wire transfers;
• E-wallets (Skrill, Neteller, etc.);
• Cryptocurrencies (BTC, ETH, LTC, etc.).

The minimum deposit requirement is 250 USD. As for the withdrawal fees, PrimeNox charges 50 USD for wires, 25 USD for cards plus a processing fee of 10 USD and 25 USD for e-wallets.

Since some traders complained about not being able to withdraw funds, we will tell you a bit more about the chargeback procedure.

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

Key Facts To Consider About PrimeNox

PrimeNox is an unlicensed scam broker claiming to operate out of the UK. The main targets of PrimeNox are traders from the United Kingdom, Australia, Switzerland, and Belgium.

The platform is unregulated, non-transparent, and blacklisted by the Belgian FSMA. Many traders had issues with PrimeNox, which is the main reason why we do not recommend this platform.

If you lost money to the PrimeNox scam, please book your free consultation with us and tell us more about your case. If you need professional assistance in recovering your funds, our team will gladly guide you through the chargeback process.

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

FAQ Section

What is PrimeNox?

PrimeNox is basically an anonymous and unlicensed online trading platform for Forex and CFDs.

Is PrimeNox Regulated?

No. To make matters worse, PrimeNox has been blacklisted as a scam by the Belgian FSMA.

How Can I Withdraw Money From My PrimeNox Account?

It’s unlikely that PrimeNox will pay you out. In case you cannot withdraw your funds on your own, we offer our assistance.

This crypto portal invites you to allegedly take your digital currencies trading to the next level. With the claims of providing everything you need to excel in trading, this unscrupulous scheme will not even ask for a minimum deposit amount. All so you would invest. 

However, any investments made with this crypto provider are doomed to fail. It would be wise of you to first read this Coinbitrade review before making a terrible mistake of trusting these fraudulent deal proposers.

Invisible For The Authorities

This purely fictitious company doesn’t exist in any known register. While they claim to operate under the laws of the jurisdiction of Hong Kong, SFC, the local regulator, hasn’t issued them a license. Our attempts to find a license by searching the registers of FCA, CySEC, NFA and BaFin resulted with zero finds.

After we determined that the legal docs also do not make a mention of a regulation, we were sure that this fraudster operates from the shadows and from a gray zone area.

It would not be smart to invest into this exchange, as your investment endeavors are sure to turn into a financial disaster. 

Protection doesn’t exist and the platform can easily gain access and manipulate your funds to their content. Additionally protection from external breaches is also not established, so better avoid this crypto portal. 

Fraudulent Methodology

The entire scheme has been running for a while, as we can see from the WhoIs register. The website was launched in May 2021, and targeting these nations in particular:

• United States
• Ukraine

To cover up their tracks and hide from the authorities, this exchange uses boiler room agents instead of the usual advertising methods. These are most active on the Telegram web service, where they can enjoy anonymity thanks to the embedded data encryption.

The story these agents use is common with other scamming sites, like Boney Market for instance. They usually claim to need the victims’ money to achieve some incredible profits. All of these are just stories to attract clients, however, and the invested money is as good as gone, unless you get help from a professional.

Company Buys Fake Reviews

The legal information is the most accurate measure of reliability, however it is also important to check the online rating sites. While doing just that, we have found a disparity between TrustPilot and SiteJabber platforms.

This is a telltale sign that this exchange, much like Cryptogainers, are using review seller networks to artificially boost their reputation on these platforms. If the company did indeed provide such excellent service, we’d see more about them on the net.

Fee Structure From Unreliable Source

The website itself doesn’t contain any information about Maker and Taker fees, or any other additional charge, such as commission. We did use the live chat to get this information from a support agent instead, but there’s basically no document to back this up.

As we were informed by this company employee, the Maker and Taker fees are 0.025%. Withdrawal fees vary from coin to coin, however. For the benchmark Bitcoin, the fee is 20USDT, while Ethereum payouts costs 5USDT. Other coins, including the USDT stablecoin, incur a 1USDT fee.

Trading Tools Not Worth A Mention

The first disappointment is certainly the oversimplified platform. No choice of accounts additionally undermines the entire impression of the offer. Lastly, the trading options weren’t all that rich or remarkable, so we can confidently conclude that this site has nothing of value to offer.

Horrible Trading Software

While the exchange brags about advanced security solutions, all they actually offer as a Coinbitrade platform is a rudimentary web trader. It offers little in the way of functionality, with no advanced options.

Online security is always top priority when conducting business with a cryptocurrency exchange. The danger of data leaks, security breaches and hacking is omnipresent, something which even the most robust platforms are not immune to.

Knowing that your crypto assets are handled by a ramshackle web-based app is disconcerting at best.

Crypto VS USDT

Since leveraged crypto trading against FIAT currencies isn’t available, there’s only digital coins traded against the USDT. There aren’t many options provided in general, considering there’s only about a couple of dozen choices. 

Some of the more commonly bought and sold pairs are BTC/USDT, ETH/USDT, LTC/USDT, LINK/USDT, TRX/USDT, SOL/USDT.

No Customized Accounts

As far as the specialized packages with diverse features go, don’t expect to see a remarkable offer of Coinbitrade accounts. 

Firstly, not even the standard account is summarized and presented understandable and with all its features. Secondly, there’s no Demo option or any other account type. 

What somewhat makes the whole mess easier for a trader is the fact that there’s no deposit requirements, so you can start with any sum you can afford. Not that we’d ever recommend you to.

Payouts Are An Issue

The same problems we’ve encountered with the trading fees persists with the Coinbitrade withdrawal. Support agents are the only source of information, with no document backing any of it up.

Since these frauds always revolve about abusing customers’ trust, it’s possible that no payments are allowed with this exchange whatsoever. Indeed, many of the people critical of the platform openly complain they can’t get their money out. For help with asset recovery, get in touch with our chargeback experts via the live chat.

Chat Customer Service

The Coinbitrade support doesn’t provide any other communication option besides the live chat. There’s no phones, emails, online form or office address you could visit. 

We have to admit that the support agent was diligently answering all our questions in the chat, though. They were even honest about not having a regulation, which they didn’t seem to be bothered by in any way.

Need Help? Book A Free Consultation Today!

There are no positives when it comes to trading through this exchange. The company is not even a registered firm, let alone licensed by any authority. Services are basic, and the site doesn’t provide much insight into the important trading aspects.

Dealing with these sorts of illicit entities carries more risks than just unprofitable trades. For help with withdrawal, or any other issues you might have, consider booking a consultation with our experts. We are available 24/7 on the live chat, and our first consultation is free of charge!

FAQ Section

What is Coinbitrade?

This is a fraudulent crypto website that doesn’t own a valid license and reveals none of the corporate information.

How Can I Contact Coinbitrade?

The only way to get in touch with the support service is via the online chat.

Can I Recover Stolen Crypto?

If you contact our chargeback experts and legal professionals, we can help you get your investment back in no time.

For a UK/Swiss brokerage with European level of quality trading service, Kudos Capital Management sure lacks in many aspects of their conduct. From the promise of the best financial advice and most accurate trading tools provided to being blacklisted, Kudos Capital Management turned out to be a false service provider. 

So stay tuned with our Kudos Capital Management review and we’ll give you all the vital information about this dangerous and deceptive company on a plate.

Legitimacy Question

The brokerage brand is owned by a company with the same name. However, since their headquarters are stated to be in the UK and Switzerland, we immediately checked with two main financial watchdogs in these countries – FCA and FINMA. Moreover, we’ve also combed through the registers of regulated entities kept by BaFin, CySEC, ASIC, NFA and CONSOB. 

As it turns out, Kudos Capital Management has been blacklisted for operating without being authorized by:

• FINMA: https://www.finma.ch/en/finma-public/warning-list/kudoscm-com/

A warning in the state where the broker is supposedly headquartered is the biggest red flag. This discovery implied to us that Kudos Capital Management doesn’t implement fund segregation, negative balance protection and compensation fund. What’s more, they do not limit the leverage on crypto trading, but instead pushes clients into risk. Coin2FX is a blacklisted entity with similar behavior towards clients.

Kudos Capital Management claims to have a fictitious license by an entity called “Reunion Free Zone”. This is not an existing financial regulator. Due to lies and blacklists, we advise you to avoid this broker.   

Latin American Victims

The stated offices do not have to be the actual locations of the broker’s headquarters. Judging by the origin of victims, it could very likely be that the scam operates from one of the countries with the biggest number of scammed traders, like:

• Colombia
• Peru
• Ecuador
• Mexico

This also doesn’t mean that Kudos Capital Management doesn’t sell their services to the broader audience without filtering their victims. You see, the broker offers specialist consultation and guidance when it comes to smart investing. Also, they especially try to make their trading conditions sound attractive without being precise. 

These are just some of the swindling tactics you should beware of. We help victims of such lies to get ahold of their funds again, so contact us if you find yourself in such a situation. 

Fabricated VS Actual Costs

Kudos Capital Management scam wants you to think trading on their platform is conducted under lowest trading costs of 0.0 pips and adjustable leverage. Meanwhile, the exact costs remain undisclosed. Also, all the account funding and payouts should be fee-free, as well, which we do not believe for a second, coming from a blacklisted site. FxActive is scarily similar in terms of lacking transparency. 

What the Broker Does(not) Offer

All the state-of-the-art trading conditions and parameters that Kudos Capital Management should be able to offer its investors remain nothing more but a promise. Without access to the client zone, we couldn’t review the platform properly or the account types. The only category fully visible to non-clients are the financial instruments offered. But that becomes irrelevant when there’s no platform, doesn’t it?

Where’s the Promised Platform?

We can’t tell for certain if Kudos Capital Management even has a platform of any kind. Access to it is restricted without an account opened with the broker. 

Reputable brokerage sites would allow platform preview before registration, but not Kudos Capital Management. This situation equals one where the broker does not have a platform at all. 

Choice of Assets

Several groups of tradable assets are the same ones we see in most regulated brokers and fraudsters alike. Nothing in the choice of instruments is jaw dropping or exotic at the absence of a Kudos Capital Management platform makes it impossible to trade:

• Forex (EUR/USD, EUR/CHF, USD/JPY, AUD/CAD)
• Shares (Facebook, Boeing, Barclays, Apple, Amazon)
• Indexes (UK100, GER30, SPX500, NASDAQ, JPN225)
• Commodities (oil, gas, coffee, and soybean)
• Cryptocurrencies (Ethereum, Ripple, Litecoin, Bitcoin Cash, EOS)
• Metals (Gold, Silver, Platinum)

Account Types – None

First problem with determining the available packages was the absolute necessity for a promo code to complete registration. Since we didn’t have it, we couldn’t enter the client zone. The restricted access has prevented us from examining the conditions and the complete offer more closely.

No Demo Account

The same application form for account opening suggests no option to choose between Demo and a Live account. Kudos Capital Management account for risk-free trading could exist, but we had no way to verify that. Either way, trial trading provided by a blacklisted site is not a healthy trading environment where you want to invest.

Do Withdrawals Work?

The Kudos Capital Management fake offer presents the ability of transferring funds hustle-free, but that’s only if you do not read the legal docs. Client Agreement says the incurring fees are only up to the client to pay.

Also, the company reserves the right to alter the spreads, leverage, prices and other trading conditions as they find fit. That puts clients in the position of facing sudden fees and additional taxes to pay. These sorts of lies, misinformation and data manipulation breach all Tier 1 regulatory directives. 

Customer Support

Contact details the website presents are:

• Email – [email protected]
• Phone – +447418355723
• Address – 84 Eccleston Square, Pimlico, London, UK. Via G.B. Pioda 9, 6900 Lugano, Switzerland.
• Online form

Although it may seem easy to locate and contact the broker, we had no such luck. The phone number is one which no one answers and all emails do not go through. Customer support at Kudos Capital Management seems completely unresponsive.

Few Things To Remember

Keep in mind that the Kudos Capital Management review you had a chance to read breaks down key points to a scam scheme with suspicious background and a blacklist warning. 

If you’re facing payout troubles with this broker, contact us as soon as possible. We’re here to offer free legal advice and support in getting back what is rightfully yours so don’t feel ashamed for what has happened to you and reach out to us any time. 

FAQ Section

Is Kudos Capital Management A Trustworthy Broker?

No, this broker is actually blacklisted by the Swiss FINMA. If you can’t get a withdrawal from them, we can offer you legal support.

What Account Currencies Are Available In Kudos Capital Management?

The broker doesn’t specify such account details.

What Is The Minimum Deposit In Kudos Capital Management?

The minimum package cost at Kudos Capital Management is not revealed.