If you’re wondering whether or not you can trust Stonley Trading broker, you’re at the right place. We’ll check this allegedly fully automated trading system for you and tell you exactly what to expect.

Stay with us until the end of this Stonley Trading review, and you will better understand all facts. And if you lost your funds, keep reading to learn how to recover them.

Is Stonley Trading Legit or Another Automated Trading Scam?

This is the first question we need to ask ourselves. Is the broker legit or not? To find out, we only need to check one thing. Whether or not this trading firm has a license for its services.

If we were to trust the main website page, the company is owned by Stonley Trading Ltd located in London, UK. Therefore, they need to have an FCA license to conduct the business. As you can guess, we found no company with this name after checking the said register.

As a matter of fact, we found no such company in any register worldwide, from the US CFTC to Australian ASIC. Therefore, we can only conclude that this is yet another online hoax extorting money from inexperienced investors.

Who Are the Victims of Stonley Trading Scam?

Now that we’ve concluded this broker is nothing but a fraud, let’s see where it operates. According to WHOIS database, the domain stonleytrading.com was registered on the 26th of April 2024. Client information is hidden, so we cannot dig deeper to see behind the scenes.

Anyways, we’ve checked some of Stonley Trading’s reviews by users to build a better picture. Namely, the German Trustpilot page contains 34 comments at the time of writing, with an average score of 3.4 stars. While there are plenty of positive comments, you’ll notice they’re short and vague. Meanwhile, the negative ones are detailed and describe the exact user experience.

Besides Germany, our analytical tools show that the broker operates in:

• Switzerland,
• Austria,
• Ukraine.

Regardless of where you come from, if you need assistance recovering your funds from this brokerage firm, don’t hesitate to contact us.

Trading Terms, Fees, and Costs

When it comes to Stonley Trading spreads, we can say they’re pretty hefty. Depending on the account type choice, spreads can range between 0.0 and 4.3 pips. However, for the lowest ones, you’ll need to invest at least 500,000 EUR. Quite a deal, right?

Another proof that this company cannot be regulated in Europe, the UK, or anywhere else is its leverage. While the EEA zone authorities, along with the UK FCA, imposed a leverage limit of 1:30 for retail clients, this broker offers anywhere from 1:25 to 1:800. As an inexperienced trader, you can lose everything you have invested in a blink.

Finally, other fees and costs are not specified, and the brokerage doesn’t mention them in their Terms and Conditions. Therefore, you can expect some hefty prices there.

Stonley Trading Bonuses

Starting with the Gold account, you can get bonuses ranging from 30% to 100%. While this may feel like a good deal, it’s actually not. Unregulated brokers often add various bonus clauses to their legal documents, preventing clients from withdrawing funds. We can only advise you to be cautious when accepting any incentives. 

Account Types Choice

Let’s discuss the infamous Stonley Trading account type choice. According to their web page, you can choose from the following:

• Basic – 5,000 EUR
• Bronze – 10,000 EUR
• Silver – 25,000 EUR
• Gold – 75,000 EUR
• Platinum – 150,000 EUR
• Diamond – 300,000 EUR
• VIP – 500,000 EUR

While it may seem as if the minimum deposit stands at 5,000 EUR, that’s often not the case. Many brokers, such as QWEBank.com, will accept anything from 250 EUR onwards. After you’re already hooked, they will sell you account upgrades and various benefits such as bonuses, quicker withdrawals, direct contact with your account manager, educational courses, and so on. As you already know, you’ll get virtually nothing.

Demo Account

Allegedly, there’s Stonley Trading demo account where you can test the platform, EAs, robots, and strategies. However, once we signed up, we got no access to it. While there’s a possibility that you need to ask the company to open it for you, we believe this is just another trick to get your registration details.

Trading Platform

The reason we suspect there’s no demo account is the platform choice. Instead of offering MT4, MT5, cTrader, or any other third-party software, this brokerage opted for a WebTrader. It’s the one easiest to manipulate since broker agents can change the data you see on your screen.

Fraudulent firms often use web-based solutions to manipulate their users into thinking they’re making huge profits or are in deep losses, thus controlling your emotions and impacting your decisions.

Additionally, the firm claims its system is fully automated, with a wide range of robots and EAs, including an Equinix NY4 server, yet they don’t offer a mobile app. Says a lot about their tech abilities.

Trading Assets

If you’re still keen on testing this firm, you can trade in the following markets:

• Forex – EUR/USD, GBP/AUD, CAD/NOK
• Shares – Amazon, Meta, Google
• Indices – S&P500, NASDAQ
• Cryptocurrencies – BTC, ETH, XRP
• Bonds

The company also mentioned merchandise, however, we’re not sure what falls under this category. Seems that whoever made their website didn’t quite understand the topic. 

Stonley Trading Withdrawal Policy

As we already mentioned, this firm has no clear withdrawal policy. They claim that withdrawals are fast, yet don’t specify how fast. In addition, we know nothing about the deposit and withdrawal methods they accept. 

All in all, payout issues are expected. If you cannot get money out of your Stonley Trading account, don’t hesitate to get in touch.

Key Information to Consider About Stonley Trading

To summarize, Stonley Trading is an online trading brokerage allegedly based in the UK. The company has no authorization from the local or any other authority to provide financial services.

Since there’s no clear withdrawal policy and other legal documents don’t elaborate on the matter, issues are unavoidable. If you experience any, let us know. Our mission is to create a detailed file of all online scammers, warn the public, and help you on your way to financial recovery. We’ll evaluate your case during a free consultation and consider what can be done in your particular case. Sign up today, and let’s start working!

FAQ Section

What is Stonley Trading?

Stonley Trading is an unregulated online trading brokerage allegedly based in the UK.

Is Stonley Trading Legit?

Stonley Trading is not a legitimate trading firm. It has no authorization by the UK FCA or any other financial authority.

Who Owns Stonley Trading?

Stonley Trading is allegedly owned by Stonley Trading Ltd. However, a firm with such a name cannot be found in any business register.

Today, we’ll discuss one fraudulent broker that’s been exposed by authorities. Why? Because we want to help you understand the reasons for the warnings and prevent you from falling into a trap.

And if you’ve already invested? Keep on reading this detailed WellVest.pro review.

Is WellVest.pro Legit?

If there were an award for the vaguest broker, it would easily go to WellVest.pro. On its main page, the company claims to be registered in London, UK. Besides this, we have no other information about the owner or any legal documents whatsoever.

Equipped with the alleged UK address, we’ve searched the FCA register looking for WellVest broker. As you can assume, we found nothing. The same is true for other tier-1 registers such as BaFin, CNMV, CFTC, etc. 

What we did find are warnings. Namely, the Austrian FMA issued an official notice stating that WellVest is “not authorized to conduct banking services in Austria that require a license.” That the same is true in other European countries is confirmed by a growing number of reposts of this warning, including Spanish CNMV, Slovenian A-TVP, and Estonian FI.

Who Are the Victims of WellVest.pro Scam?

Since we have an official confirmation of WellVest.pro scam, we can now check who their victims are. At the time of writing, we found 10 comments on Trustpilot, with an average score of 3.3 stars. There were an equal number of positive and negative reviews, suggesting that the broker is trying to clear its reputation.

In addition to these WellVest.pro reviews, we used our analysis tools. In conclusion, the majority of this broker’s victims come from:

• Greece,
• Italy,
• Spain,
• Germany,
• France.

Leverage, Fees, and Spreads

Another proof that this broker is lying about the alleged address is the leverage. Namely, the UK FCA and other European regulators capped leverage at 1:30 for retail investors. Meanwhile, WellVest.pro offers 1:50 to 1:1000. This is way above the limit and quite dangerous for your funds. With such leverage and without a negative balance protection, your account can easily go to minus, and you’ll be in debt to the broker.

The spreads depend on the account type, with the minimum being 0.0 pips and the highest one starting at 1.5 pips. Other costs and commissions have not been revealed, meaning the brokerage can make up any when it suits them.

WellVest.pro Bonuses

Another thing the European regulators prohibit is bonuses. Scam brokers were abusing them to limit clients’ withdrawals, after which we saw a ban on incentives. And yet, our scammer in question offers a 30-100% deposit bonus, depending on the account type.

Account Types on Offer

You can choose from four WellVest.pro account types:

• Standard – 250 EUR
• Silver – 5,000 EUR
• Gold – 25,000 EUR
• VIP – 50,000 EUR

Each account brings more bonuses, a higher leverage, and additional research and assistance. However, when you know that all those alleged analysts employed by WellVest.pro scam broker are fake, why would you pay these sums?

WellVest.pro Trading Platform

Sadly, this broker didn’t impress us even with their trading platform. Of course, instead of offering an advanced solution such as MT4, MT5, or cTrader, this scam firm chose WebTrader. 

Why? Simply because broker employees can manipulate the numbers. You can see big wins or losses depending on the company’s sales strategy. This is why we always recommend that our readers stick with brokers offering third-party software as it’s more secure.

Since the solution is web-based, there’s no WellVest.pro app for Android or iOS. This broker didn’t really care about your convienience, only the depth of your pockets.

WellVest.pro Withdrawal

According to an FAQ section, the withdrawal is only possible after verifying your account. It means you have to submit your documents and confirm your identity in accordance with KYC standards. While this is normal practice with every trading firm, providing your documents to unregulated brokers can jeopardize your personal data.

The withdrawal request is submitted through the Client Portal using three base currencies: USD, EUR, and GBP. You can use the following payment methods:

• Bank wire,
• Debit/credit cards,
• E-wallets.

It may take a few days to process the withdrawal, whatever that means. Additionally, there’s no information about costs, so you can expect just about anything.

Key Information to Consider About WellVest.pro

Since WellVest broker is unregulated, they don’t need to comply with any policies. Therefore, they can steal your funds and vanish. This is why we suggest that you submit a withdrawal request immediately.

If you have any payout issues, report them to the local authorities. Also, leave a comment below to warn others. Finally, submit your details for a free consultation with our recovery experts. We’ll evaluate your case and find the best solution for a refund. Get in touch now!

FAQ Section

What is WellVest.pro?

WellVest.pro is an unregulated online trading brokerage with a number of warnings from financial authorities.

Is WellVest Legit?

WellVest is unregulated and has warnings from several European authorities, the main one being the Austrian FMA.

How to Withdraw Money From My WellVest Account?

You can try submitting a withdrawal request through your account with the broker. If that doesn’t work, you can contact us for help with recovery.

Lykke presents itself as a pioneer in the crypto industry with their registration in 2015, even though Bitcoin and other cryptos were founded years prior to that. Nevertheless, as a pioneer, the company should certainly know what the proper security is.

However, they don’t seem to care much about it. That’s why, in the end, you can see many complaints against this brand. To find out why, make sure to read this Lykke review until the end.

Legal Info: Is Lykke Legit Or A Scam?

If you check Lykke reviews, you will find too many scam allegations. For a UK-based company, that’s more than a red flag. When it comes to legal information, the company presents us with three entities. Lykke EU UAB (Lithuania), Lykke Corp UK (UK), and Lykke Business AG (Switzerland). It’s important to realize that none of these entities hold proper DASP/VASP licenses issued by local authorities.

With this in mind, you shouldn’t be surprised that the UK’s FCA has published a warning against this exchange. Therefore, you have a clear sign the company has been avoiding laws and regulations. Not to mention that certain security incidents required the company to stop its operations, including deposits and withdrawals.

Who Are Lykke’s Victims?

With almost 10 years of activities, it’s quite surprising the company still didn’t get a license. But if they had it, they could only offer services to a few countries. This way, they can target any country in the world. 

Based on the website analytics, it appears they mostly have traders from: 

• Sweden 
• Germany
• United Kingdom
• United States
• France

It’s quite easy to check that all these countries have top-notch financial regulations. Yet, it seems this firm doesn’t care much about it. To find out more tips on why regulation is the key, check our Forex Eze review as well. Ultimately, if you have trouble withdrawing funds from any of these firms, let us know. At least you can get a refund consultation completely free with our team.

Traders Reviews

Whether you look at Lykke Reddit or Trustpilot comments, you will find users reporting issues with this exchange. To be fair, there are the ones that claim they never experienced any trouble. But that doesn’t mean they won’t.

All in all, when you see 40% of comments including complaints, it’s a hint to keep your money away from that company. Thus, if you trust them for some reason, don’t hesitate to reach out to us for chargeback assistance.

Fees and Commissions With Lykke Exchange

As can be seen even from Lykke Trustpilot comments, the company truly has zero maker and taker trading fees. In addition to that, there’s a 0% commission for algo trading for API users. 

All this becomes highly attractive for an average crypto user. Generally, it seems the company only charges buying and selling spreads, which are also low.

Bonuses

With all the generous Lykke fees, it would be quite surprising if there were also bonus offers on the table. Usually, crypto exchanges offer them with ICOs or proprietary token offerings. 

On the positive side, you won’t have it there. However, you can earn 5% bonuses through the staking reward program.

Lykke Trading Features

One of the key features of Lykke exchange is the API option with HFT and algo trading allowed. Among that, traders can use regular exchange options, and staking features, and earn through proprietary LYFFE tokens that are not released yet.

Trading Platforms Available

As can be seen, Lykke exchange only offers a web-based platform among its mobile apps. With basic analytics and a simplified platform, there’s no hard time using this software. On top of that, you can use the company’s ATTMO weather–inspired tool for crypto signals.

Available Trading Assets

With only a bit over 20 most popular cryptocurrencies available, traders will have quite limited instrument offer. But also, they can trade other crypto-fiat pairs that will expand the options a bit. Some of the main cryptos include: 

• Bitcoin
• Litecoin
• Ethereum
• Solana
• Ripple and a few others.

Account Types

With crypto exchanges, you will rarely see any specific requirements to sign up. Usually, something small such as $10 is needed to activate the account and get started. 

In this case, it’s $50. On the positive side, this company also accepts fiat payments which is a good sign. Thus, their operations are currently inactive due to security reasons.

Mobile Trading App

A great thing about the Lykke crypto exchange is the reliability of its iOS and Android mobile apps. As can be seen, these have more than 50k users and quite solid ratings in trusted stores. But with all the complaints against the company, this won’t matter much if you can’t withdraw your money.

Demo Account

With quite simplified features, there’s practically no need for a demo account. Especially if you keep in mind their minimum deposit requirement. But to find out when you should have a demo, check our Mestieriplaza review.

Education

When it comes to additional and educational resources, the company offers only API features and help center information. Thus, if you want to learn more about the crypto world, we suggest you check somewhere else.

Lykke Withdrawal

Due to security reasons, the company has stopped all of its operations, which also include withdrawals. Therefore, after completing the Lykke login process, don’t be surprised with it. 

Unfortunately, it will stay like that until further notice. Anyway, once it’s back again, you should have withdrawals without any fees, except for USD payouts. But again, numerous complaints make it highly speculative.

Customer Support

When it comes to contact options available, the company offers only a few. That’s, in the first place, web contact form without operating hours disclosed for possible feedback expectation time. In addition to that, there is a Telegram and Discord channel.

However, with only 800 members in the Telegram group, we highly doubt you will get much out of it.

Key Information To Consider About Lykke

The only detail you should keep in mind about the Lykke app is that it’s found on a warning list of the FCA. Consequently, nothing else this company tells you can be trusted. Therefore, we strongly advise you to withdraw your money immediately, and if any problem occurs to contact our team.

With our expert’s advice, you can find out how to recover your money. Most importantly, you can get the first consultation completely free. Book it today.

FAQ Section

What is Lykke?

Lykke is a crypto exchange apparently registered since 2015 in Lithuania, the UK, and Switzerland.

Is Lykke Legit?

Not at all. The company operates without any regulatory oversight and on top of that, FCA issued a warning against the Lykke scam company.

Can I Trust Lykke Exchange With My Crypto?

Definitely not. But if you did for some reason, feel free to contact our refund specialists for a free first consultation about the recovery process.

Professional cybercriminals are using the novelty of cryptocurrency trading to prey on industry newcomers. As the ruses become more sophisticated, it becomes ever more difficult to distinguish the real deal from a fraud.

Unfortunately, many traders have found out the horrible truth about this exchange the hard way. Our HiBT review will show you how to avoid getting scammed, and how to recover money lost from a fraud.

Proof of Regulation: None

The HiBT exchange operates anonymously and without any license to provide crypto trading services. The company’s website claims that the exchange was established in 2021 in Canada. 

However, this country has provincial regulatory bodies in charge of supervising crypto providers in their areas. Therefore, it’s impossible to discover which body the company is registered with – if any at all. No particular details about registration and license were provided by the firm anyway.

While exploring legal documents for additional clues, we found Seychelles, Hong Kong, and Singapore being mentioned along with their courts. Apparently, the scheme is actually an offshore one, again without proper registration and license since neither FSA, SFC or MAS supervises them.

Recruiting Victims Through Social Networks

The swindlers have bought up an old domain to make their firm seem like it’s older than it is, which is a strategy Lykke uses as well. While the hibt.com domain was indeed created in 2011, it remained empty and listed for sale until April 2024.

This explains why you won’t find any HiBT reviews on ratings platforms. Here is a list of nations that generate the most traffic to the site:

• United States
• Germany
• Malaysia
• Japan

To attract victims, the fraud circle has created an elaborate online footprint. This includes profiles on numerous social networks, like Facebook, Instagram, X, and LinkedIn, with the exchange even listed on CoinMarketCap. 

The exchange has been banned from Reddit, with the apparent reason being that it was used for spam for a prolonged time period. Knowing how cybercriminals work, we can be confident that the spam was HiBT scam recruitment.

Not a Single Fee Revealed

The only trading condition revealed is the maximum leverage being 1:125 and maker/taker fees being 0.2%. The lack of transparency in the case of the HiBT scam is disturbing, to say the least.

Naturally, by becoming a client on this shady portal, you accept all of their terms and conditions. If you pay attention to the legal papers, you will only see claims that the client is obligated to cover all incurring fees. These are various, as there are network fees, transaction costs, commissions, taxes, and other charges… Dozens of them.

Range of Unregulated Services

At first, you may think that the company has a whole array of features to offer and most distinguished services when it comes to trading and staking crypto. Don’t be fooled, however. There’s nothing easier than claiming to be legit and setting up a crypto-stealing scheme.

Risky Trading Environment

The rudimentary web trader that we found in the user area doesn’t seem like the most reliable software solution for conducting online trading. Simple, yet barely functional, the software doesn’t include advanced analytical features, let alone the option to provide deeper market insight. If you choose to trade on here, you’ll be risking losing everything.

QR Code for Mobile Apps

The HiBT app for mobile devices can’t be downloaded from popular online app stores like App Store and Google Play, no. The only way to acquire this shady software is by scanning the QR code provided on the site after the sign up.

If you choose to do that, you risk infecting your device with malware or data-stealing software, so beware. If the app passed security checks, it would have been featured in the mentioned stores.

Popular Assets

Not a particularly wide range of digital currencies is available to buy and sell on this portal. Besides the most popular pairs, you won’t be able to trade other, more volatile crypto tokens. Here’s a short list of the currently most frequently traded coins:

• BTC/USDT, 
• ETH/USDT, 
• LINK/USDT, 
• BCH/USDT, 
• ADA/USDT, 
• MATIC/USDT, 
• ENA/USDT, 
• SOL/USDT

Account Necessary

If you’re interested in using any of the available services on this platform, you will first have to register for an HiBT login, although we do not recommend it. Sharing your personal information with shady websites like this one and FX Paramount can inevitably lead to identity theft. 

Furthermore, you’re immediately required to complete the KYC, which is another way fraudsters use to force you to disclose sensitive information. Considering all of the aforementioned, you’re advised not to create an account on this site.

Impossible To Withdraw

Payment channels are a total doozie. Allegedly, the company will accept deposits through a wide variety of coins, but the facade falls apart when you start reading all of the options. For instance, the dialog will prompt you to make an impossible Bitcoin over the Ethereum (ERC20) blockchain transaction.

The procedure for HiBT crypto payouts isn’t even defined. The Terms and Conditions say that withdrawals are done in accordance with Terms, and fail to elaborate any further. There is a step-by-step tutorial on how to request a payout, but the mentioned option doesn’t actually exist in the application.

Standard Support Options Omitted

Website users are advised to rely on the help desk with FAQs, as well as the community for support. If you want to get in touch with an official client service office, you won’t be able to do so. 

Instead, every client is directed to join one of the many communities and discuss their ideas and issues in those chat groups.

Our Experts Can Help Recover Money

The perpetrators of this online cryptocurrency fraud have taken complex measures to avoid detection and entrap their victims. If you start poking around enough, you’ll eventually find out that the company is not licensed as it claims to be, which undermines any credibility.

Still, falling for such an elaborate ruse is nothing to be ashamed of. Our experts can help you get back on your feet and recover the stolen money! You may reach us at any time by using the live chat on our website.

FAQ Section

What is HiBT?

It is an online cryptocurrency trading fraud that has unfortunately gained popularity in recent months.

Is HiBT Legit?

No, the company is completely illegal. Their alleged licenses are actually counterfeit documents.

Can I Withdraw Crypto From My HiBT Account?

These charlatans won’t let you withdraw easily. Book a free consultation with our professional team for help with asset recovery.

It’s hard to find a single positive thing about this brokerage, starting with its legal information, misleading details, and mostly hidden conditions. All these details combined make for perfect soil for an investment scam.

In general, most of the details in this CustomTrade review can be applied to any other unregulated brokerage. Therefore, we suggest you read it carefully and make notes.

Legal Info: Is CustomTrade Legit Or A Scam?

As can be seen, CustomTrade brokerage presents us with a registration certificate from another company. It’s Coinexx LTD, with a registered address in the UK. Certainly, these are two completely different firms. To make everything even worse, CustomTrade reveals its own address – 60a Station Road, North Harrow, England, HA2 7SL.

Luckily, the UK’s FCA has exposed them quite quickly with a public warning. A few days later, the move was followed by the Italian CONSOB. Therefore, if you are planning to invest money somewhere, you better skip this brokerage.

Who are CistomTrade Victims?

With the domain registered in June 2024, we are not surprised that no CustomTrade reviews are available. But when you target top-tier regulated countries, it’s obvious you get quickly exposed. In this case, the most targeted countries are: 

• United Kingdom
• United States
• Australia

It’s important to realize that all these countries have top-notch regulatory standards. They’re a bit different but at least secure. Therefore, if you want to learn the differences between regulations and trusted and untrusted firms, check out our The Core Markets review as well. In the end, if any broker holds your money, don’t hesitate to contact us for refund assistance.

Leverage, Commissions, Spreads, Fees and Taxes

One of the most concerning details of the CustomTrade broker is its hidden trading conditions. Neither are leverage, spreads, or commissions revealed. Therefore, you can expect a lot of manipulation around it. But here’s a tip for you in our Growup Capitals review to find out how to recognize reliable brokers. Only with one feature – leverage.

         Bonuses

Bonuses in general look quite attractive to inexperienced traders. However, the ones who burned their fingers once won’t accept them that easily. Primarily because with scam brokers, bonuses often include shady clauses. In most cases that prevents them from withdrawing their money. With hidden documents from the CustomTrade trading firm, it’s hard to prove if there are any. So, watch out.

CustomTrade Trading Features

One of the most concerning details of this company is its investment plans which include fixed returns. Most importantly, these go up to 50% in 5 days. Fairly, with such poor web design and low transparency, we highly doubt these features are real.

         Trading Platforms Available

Even though the company promotes MT4 WebTrader to be available, it’s most likely another lie. Especially after the warning from the FCA, it shouldn’t even be discussed.

One way or another, it’s nothing good. If they offer MT4, that means they are scamming you the other way around. If they offer a proprietary platform, they manipulate it. It’s that simple.

         Available Trading Assets

Tradeable assets don’t make a huge difference if you can’t trust the company. Not to mention that all assets offered here can be found with any other tier-1 licensed firm. Starting with: 

• Forex – USD/JPY, EUR/NOK
• CFDs – gold, Amazon, NASDAQ
• Cryptocurrencies – TRX, DOT

         Account Types

To find out whether CustomTrade is legit, you just have to check their investment plans. These include fixed returns that magically raise with your deposits.

Anyway, the options are: 

• Basic – $50 / 10% after 24 hours
• Corporate – $1,000 / 15% after 48 hours
• Standard – $5,000 / 25% after 72 hours
• Shareholders – $10,000 / 50% after 5 days

         Mobile Trading App

If the CustomTrade account includes MT4 WebTrader,  there’s no reason not to offer mobile apps as well. And yet, they don’t, which is another sign to skip this broker’s offer.

         Demo Account

One of the concerning details is that registration for the account requires your crypto wallet IDs. Even if you don’t want to deposit any money, you have to provide this information. To sum it up, a demo account is not an option. So, why would you risk anything here?

         Education

Education is the key to success in trading. Therefore, looking for a broker that offers a wide range of options can help you a lot. But make sure to find an education with licensed brokers. The one offered by CustomTrade company doesn’t include any advanced techniques and features.

CustomTrade Withdrawal

As can be seen, the company advertises bank transfers and crypto transfers as primary methods. They even waive the fees for wire transfers.

However, with all other details hidden, you can surely expect issues, starting with verification of your account, taxes and non-existent fees. All that combined gives this broker a huge advantage.

Customer Support

Sadly, before you complete the CustomTrade login process you won’t have any relevant contact options. Only e-mail is available for regular visitors. Once you sign up, you can most likely expect encrypted contact channels like Telegram and WhatsApp. But keep in mind you can always get kicked out of those.

Key Information To Consider About CustomTrade

The only thing to consider about CustomTrade scam brokers is the warning from the FCA and CONSOB. With this in mind, there’s no chance you can have a good experience with them.

Anyway, don’t be surprised if they disappear soon. Meanwhile, we suggest you apply for a refund if you have money stuck with them. To find out the exact procedure, get in touch with our team for a free first consultation.

FAQ Section

What is CustomTrade?

CustomTrade is an anonymous FX, CFD, and crypto trading company allegedly operating in the United Kingdom since 2024.

Is CustomTrade Legit?

Absolutely not. The company is not regulated in the first place but there are warnings against them issued by the FCA and CONSOB.

Where is CustomTrade Located?

Allegedly, in London, UK. But we highly doubt it. In any case, we suggest you withdraw the money immediately or contact us for refund options if you experience any issues.

At first glance, you might think this company could be a good choice. But the more information you seek, the more problems you will encounter, along with huge red flags.

All in all, our honest Vergo Strategy review will show you that this firm can’t be trusted. Remember to use all our strategies to protect yourself from other swindlers, such as Bitexfy crypto exchange.

Legal Info: Is Vergo Strategy Legit Or A Scam?

According to the presentation, this brand is allegedly operated by Vergo Pty. Ltd., a company registered in Australia. This company has been a regulated entity since 1995 and appears on the ASIC register (ACN 070 081 202). The key problem here is that Vergo Strategy doesn’t share legal documents to prove its connections with this entity.

Another issue is that Verg Strategy reviews come from users registered in Germany, UK, Italy, the US, Canada, etc. Yet, the company is not authorized by any authorities in those countries to practice trading services with their citizens.

Who Are Vergo Strategy’s Victims?

One of the key proofs you can’t trust this brokerage is its registration date. Not the one appearing in the registers. Instead, you need to inspect its domain, which shows that registration was made in June 2024. Traders that mostly fell for this trap come from: 

• United Kingdom
• Australia
• Israel

With this in mind, we encourage you to check our tips from TRIMAMEX review. Learning how to avoid these tricks is the key. However, we all fall for new schemes once in a while. If that’s your experience as well, contact us for refund advice as soon as possible.

Traders Reviews

With 44 (100%) positive comments on Trustpilot, everyone might think the company is legitimate. Thus, searching for the company’s license for instance with BaFin, SEC, or FCA, doesn’t bring any results. Therefore, feel free to consider these reviews fake.

With all these irregularities, the only thing left is to require withdrawal right away. In case of any issues, don’t hesitate to reach us for assistance.

Leverage, Commissions, Spreads, Fees and Taxes

If you ever traded with a top-tier licensed firm you would know that Vergo Strategy broker is not genuine. Firstly, they are hiding all commissions, fees, and spreads. That’s not how legitimate firms operate.

But even more concerning detail is the leverage of up to 1:500. However, ASIC-regulated brokerages are allowed to offer a maximum of up to 1:30 to retail users. There we go, you’ve got all the signs summed up.

         Bonuses

Without transparent legal documents and policies, it’s hard to find if there are any hidden traps. Therefore, be prepared for anything with Vergo Strategy trading firm. Honestly, we recommend that you avoid bonuses in general when trading with unregulated firms.

Vergo Strategy Trading Features

The company mentions advanced tools, state-of-the-art systems, and high daily trading volume. Yet, there’s not a single more detail regarding that. Not to mention the proof of it.  Fairly, with such a mysterious presentation, we should be happy if the platform exists at all.

         Trading Platforms Available

Trading platform plays a huge role in choosing your broker. Usually, experienced traders opt for MetaTrader, DAS Trader Pro, cTrader, or similar options. Yet, once you complete the Vergo Strategy login process, you won’t find these trusted options.

Instead, you can expect only web-based, manipulative platforms often used by unregulated firms. To avoid any irregularities while trading, simply choose a top-tier licensed and more transparent firm.

         Available Trading Assets

Apparently, the company offers more than 1,000 tradeable assets from different categories. However, registering for a Vergo Strategy account requires a promo code, which makes it harder to check.

Anyway, you can expect options like: 

• Forex – USD/JPY, AUD/SGD
• CFDs – platinum, Adidas, NASDAQ
• Crypto – ETH, SHIBA

         Account Types

You should know that the company requires up to $1 million in deposits and provides literally nothing in return. Except for higher leverage that can make you lose everything way faster. Even though deposit requirements are high, they will accept €250 to get you started.  Consequently, you can opt for: 

• Bronze – €10,000
• Silver – €25,000
• Gold –  €50,000
• Platinum – €100,000
• VIP – €200,000
• TOP – €1,000,000

         Mobile Trading App

If the company was any close to legitimate, there would be a Vergo Strategy app available. Sadly, there are none, and that proves the theory they don’t offer trusted trading software.

         Demo Account

One of the best ways to inspect the company’s features would be with a demo account. But when the company hides all trading costs, we can’t expect it. And that’s exactly the case with this brokerage.

         Education

In general, all licensed trading firms tend to educate their traders first. They want them to trade more and more. Logically, the only way to do so is if you make them trade profitably. And that’s not possible if you don’t know what you are doing. On the other hand, with Vergo Strategy scam broker, that doesn’t matter much.

Vergo Strategy Withdrawal

Again, without legal documents and withdrawal policies, it’s hard to find all the necessary details. At least, the company reveals the minimum withdrawal requirement. For wire transfers, it’s $300, while for all other methods it’s $1. Of course, fees and processing times are not disclosed. So, you can expect trouble there.

Customer Support

You can get in touch with the company via e-mail, web contact form, and phone. Apparently, their support is available 24/7. Yet, with all the red flags so far, we highly doubt it. Especially if you are looking for your money.

Key Information To Consider About Vergo Strategy

With the domain registered only a few months ago, it’s clear there’s something wrong here. Also, there are tons of reviews from users in top-tier regulated countries. Yet the Vergo Strategy is not regulated by any of those. Therefore, you better request a withdrawal as soon as possible.

In case there’s any obstacle, book a free consultation with our chargeback team.

FAQ Section

What is Vergo Strategy?

Vergo Strategy is a trading firm allegedly registered in Australia with offices in the United Kingdom.

Is Vergo Strategy Legit?

No. The company is not regulated anywhere, even though it misled traders about its ownership by an Australian firm, which is registered with ASIC.

How to Withdraw Money From My Vergo Strategy Account?

You can try with crypto, wire transfers, e-payments, and card transfers. But if you experience any obstacles, contact us immediately for a refund consultation.

The first thing traders realize about this exchange is that it boasts about numbers, such as daily trading volume, number of users, number of employees, etc. Yet, all these numbers can be quickly exposed as fake.  

On the other hand, if you read this Rommode review carefully, you will realize why they do so. In addition, we advise you not to skip our analysis of Axi Financial and Expo Trust companies.

Legal Info: Is Rommode Legit Or A Scam?

If the Rommode company was legitimate, they would first offer transparent legal and registration details. Yet, they don’t. Nevertheless, with or without them, you can easily check if the company operates with adequate licenses. Considering the countries they target, those should be SEC, FSCA, and BaFin. But of course, they are not authorized by any of these.

Consequently, none of the funds deposited with them can be protected in any way possible. This is quite frustrating with crypto trading platforms.

Who Are Rommode’s Victims?

Even though there are only a few Rommode reviews, it’s easy to find what their target countries are. Simply run website analytics, and voila, you got it. Based on those, it seems that since 2019, the Rommode platform was targeting mainly: 

• United States
• Brazil
• South Africa
• Germany

With this in mind, we would strongly advise you to talk to local regulators about this company. They will also tell you not to trust them. Meanwhile, you can start the refund process with our expert assistance.

Traders Reviews

The experience of other traders is usually a good sign of what to expect from a company. In the case of the Rommode exchange, you can only find scam warning signs. In this case, those opinions can only be found on the Reddit platform.

Based on everything we read, if you have funds stuck with this crypto trading platform, request a withdrawal immediately. If they make excuses, contact us for refund advice.

Trading Costs With Rommode Exchange

Even though the Rommode crypto exchange presents us with a wide range of benefits, they don’t reveal any details about the costs. So, what else to expect but to get manipulated? 

Fairly, if you don’t know the fees, you can’t be sure if there will be anything left to withdraw in the end. That’s why trading with top-tier licensed firms is a whole new game.

         Bonuses

On the positive side, the company doesn’t offer any bonuses for new users, even though such offers are a good way to boost some tokens. But why we say it’s positive is simply because of malicious clauses bonuses usually include. Note that this usually applies only to unregulated firms.

Rommode Trading Features

As can be seen, the Rommode app apparently implemented a few important features in 2024. These include trading bots, social, and copy trading. 

In general, these features would be more than attractive. However, without adequate licenses, you can only expect manipulation around those.

         Trading Platforms Available

Another reason to believe in manipulation potential is that only a web-based trading platform is offered. With proprietary platforms, it’s quite easy to control everything traders see through the back end. You can get into a margin call in a few clicks without even realizing how.

         Available Trading Assets

Even before using the Rommode login credentials, you can see that the company’s offer is quite poor. With only a bit over 20 crypto pairs available, you’ll have quite limited profit potential. 

Anyway, the options are: 

• ETH/USDT
• DTM/USDT
• DOGE/USDT and a few others.

         Account Types

Exchanges usually require minimum deposits of as low as $10. However, to motivate traders to deposit more money, companies tend to offer various benefits. However, with this company, there are none—or at least they don’t want us to know about them. Therefore, be careful.

         Mobile Trading App

A leading cause of manipulation is untrusted software. That’s why companies like this one don’t usually get their apps listed in PlayStore or AppStore. And of course, with Rommode company these are missing completely.

         Demo Account

To discover if Rommode is legit you’ll have to either trust other traders or test them out. For testing purposes, we don’t expect a demo account if they don’t offer leveraged trading. So, the only option is to deposit money or choose another firm.

         Education

One of the leading issues traders have is about recognizing crypto scams. But that comes from poor education about them. 

Of course, when you see a company like Rommode, they won’t offer any educational programs. After all, they want to keep their users financially illiterate for as long as possible.

Rommode Withdrawal

Even though the Rommode swap and crypto exchange platform presents itself as trusted, without regulations, you can’t expect clean withdrawals. 

On top of that, the company doesn’t reveal any details about the withdrawal process, processing time, or fees. And that’s a huge red flag that should keep you away from them.

Customer Support

One of the critical features in the trading world nowadays is customer support. That’s where legitimate and scam firms are very different. The perfect example is the Rommode company, with only e-mail as the contact option.

Key Information To Consider About Rommode

Considering low transparency and a lot of misleading details, you shouldn’t trust any money to this company. Not to mention missing regulatory oversight and hidden trading costs. All in all, too many details to worry about.

Thus, if you get lured somehow into this trading trap, we offer you a way out. Find out the exact steps by booking a free consultation with our refund experts. Get in touch right away.

FAQ Section

What is Rommode?

Rommode is an anonymous crypto exchange offering highly speculative and suspicious trading features worldwide.

Is Rommode Legit?

No. Rommode exchange is not regulated by any top-tier authority. On top of that, they hide legal and contact information.

How to Withdraw Profits From My Rommode Exchange Account?

The only way to get money out is through the chargeback and refund process. For more details, reach our refund specialists.

One of the first details you notice about this exchange is its availability only in Turkish. Given the number of Turkish people in Turkey and Europe overall, it’s not surprising they narrowed their services.

However, that limits all other users. Logically, you always have other options, either better or worse. But what sets this company apart, and should you trust it with your crypto? Find out in our unbiased BitTurk review.

Legal Info: Is BitTurk Legit?

BitTurk is a centralized crypto exchange based in Istanbul, Turkiye. The ownership of this crypto platform belongs to BITTURK BİLİŞİM VE TİCARET A.Ş., founded in 2017. One of the names that stands out in founder details is Emin Budak.

One of the potential downsides of this exchange is a lack of regulatory oversight. Currently, Turkey has just filed a proposal for crypto regulation. Therefore, the company should obtain licenses from regulations in the countries where they operate. Sadly, BitTurk company hasn’t revealed any.

Who Are BitTurk’s Clients?

Based on a few BitTurk reviews, it’s clear the company’s features are only available to Turkish-speaking users. Surprisingly, not even the English version of the platform is available. Anyway, their services appear to be advertised mainly in: 

• Turkiye
• United States
• Germany

On the positive side, you can find numerous other options in those countries. However, if you don’t know which ones to avoid, we recommend you check our Ekzeo and SMM Limited reviews.

Trading Costs With BitTurk Exchange

As can be seen, trading commissions solely depend on a 30-day trading volume. It’s a very common way to motivate traders to exchange more cryptos. However, in return, you won’t get many benefits, to be fair. 

Anyway, the company has a fully transparent list of commissions for every crypto. Most of those sit around 0.10% for the maker and 0.15% for a taker. You can expect lower fees once your BitTurk crypto account reaches a 30-day trading volume of 63,000 units.

         Bonuses

Overall, crypto exchanges offer bonuses when promoting ICOs and proprietary tokens. With this crypto exchange, you can expect such offers regularly, especially when referring the company to other users. Yet, amounts and specific conditions are not transparently disclosed.

BitTurk Trading Features

Besides the well-rated BitTurk app, traders can also enjoy API features, cold storage security, and strict authorization methods. If you are looking for copy trading or social trading options, however, you’ll have to look elsewhere.

         Trading Platforms Available

Similar to many other exchanges, the account can be accessed via an app or directly from a browser. Of course, you’ll have to comply with the 2FA authorization feature to get started. 

The platform is quite simplified, offering quick buying and selling of crypto assets, even with Turkish Liras. Yet, analytical options are quite poor compared to other top-tier exchanges.

         Available Trading Assets

Quite surprisingly, the company only offers a bit over 60 cryptocurrencies. These are the most popular ones, so it’s clear anyone can find suitable investment options. Anyway, some of the options are: 

• Tron
• Mina
• Helium
• Venus
• Ellipsis and others.

         Account Types

BitTurk crypto exchange offers three different membership levels. Each level gives users more freedom to manage funds. However, it might also be a way to put a bit of pressure on those willing to trade. 

Sadly, subscription fees are only available after you complete the login process. After this, some traders might wonder if BitTurk is legit. Anyway, the only benefit of a subscription plan is a higher deposit and withdrawal limit.

         Mobile Trading App

If you check the company’s presentation, you will find that they advertise both iOS and Android apps. However, it appears that the PlayStore app has been removed since the link doesn’t work anymore. On the other hand, the iOS app works smoothly so far and has quite solid ratings.

         Demo Account

With quite simplified features, there’s literally no need for a demo account. If you are into testing out features, you’ll have to trade with real money.

         Education

Trading education makes a huge difference in determining if you’ll be profitable or not. This is especially true in a highly volatile crypto environment. Sadly, with BitTurk company, you don’t have educational treatment.

BitTurk Withdrawal

The BitTurk withdrawal process should be quite simple. You just have to keep in mind the transparent withdrawal fees they have presented. For instance, 35 USDT in the ERC20 network, 10 DOGE,  0.0005 BTC, and 0.00625 ETH to name a few.

Also, bear in mind that your withdrawal limits come with different subscription plans.

Customer Support

When it comes to customer support, it appears to be quite poor. With only a chatbot and ticket form available, you’ll experience a hard time reaching out for solutions. Not to mention that traders reported support being available only in Turkish language. All in all, it is not the best option for the average crypto investor.

Key Information To Consider About BitTurk

Even though the BitTurk fees and features look attractive, traders must remember a few details. There is missing regulatory oversight in Germany, and it has no public presence. Therefore, it’s hard to determine if funds are safe there at all.

Anyway, we recommend you be careful. However, if any potential issues occur, you can always reach out to our experts for a refund consultation. After all, the first meeting is completely free.

FAQ Section

What is BitTurk?

BitTurk is a Turkish-based centralized and custodial crypto exchange established in Istanbul in 2017.

Is BitTurk Legit?

BitTurk exchange appeaars to be legit. Thus, without any reviews available and without licenses, there’s no guarantee you won’t have issues.

Who Owns BitTurk Exchange?

BitTurk exchange is owned by BITTURK BİLİŞİM VE TİCARET A.Ş. If you experience any irregularities with this firm, contact our chargeback team for consultation.

Many of our readers have asked, “Is Truvecta a scam?” Therefore, we’ve decided to investigate in detail.

Whether you’re interested in this brokerage or any similar, such as Vergo Strategy, we’re here for you. Keep on reading this unbiased Truvecta review to learn how to recognize financial swindlers.

Is Truvecta Legit?

According to Truvecta website, the owner of this brand is Branding Bubble Limited registered in Saint Kitts and Nevis. This Caribbean island has its own financial authority, FSRC. Therefore, it was our first stop to check for the Truvecta regulation.

As you can already guess, our search yielded no results. Just to be diligent, we turned to tier 1 registers such as FCA, ASIC, and BaFin. Once again, we found no license. Instead, we found a warning from the UK authorities issued in June 2024. According to it, Truvecta broker is not authorized to provide financial services in the country.

Now you have official proof that this broker is up to no good. In case you have issues withdrawing your money, let us know immediately.

Who Are the Victims of Truvecta Scam?

According to user reviews and our own website analysis, the majority of Truvecta victims come from:

• United Kingdom, 
• New Zealand,
• Canada.

As you already know, the company has no authorization to provide financial services even in its offshore country of registration. Therefore, ensure you avoid it.

Truvecta Reviews – What Users Have to Say?

We found the Truvecta Trustpilot page with a score of 3.8 and a great rating. At the time of writing, the company had 60 reviews, with dominant 5-star ones. Customer sentiment is quite mixed. While some praise the broker for the intuitive platform and quick withdrawals, others point out that these are fake comments. 

We’ve turned to the Truvecta Reddit thread for a bit more clarity. According to comments there, this brokerage promises a 6% daily return on investment. Hence, the reason why other Redditors declared it a fraud.

Trading Platforms Choice

To be fair, we cannot really say that there’s much of a choice when it comes to the Truvecta trading platform. The company only offers a basic WebTrader with charts imported from TradingView. There are no advanced features or EAs, despite the word “cutting-edge” being repeated a lot throughout the presentation. 

In addition, the Truvecta app for mobile devices doesn’t exist. The company mentions the so-called Mobtrader, but once you click on it, you’re redirected to a web version of the software. Disappointing and not worth your money.

Leverage, Fees, and Spreads

As with any other offshore broker, the leverage exceeds the European limits. In the EEA zone, ESMA has imposed a cap of 1:30 for retail traders. Meanwhile, Truvecta offers 1:100 to 1:500, depending on the account type.

Spreads can be fixed or floating, again depending on the account choice. The minimum spread is not disclosed, and you cannot see it before registering for Truvecta login details.

Finally, there are plenty of other fees and costs within the Terms and Conditions. Namely, the company claims you need to settle VAT or other tax obligations with them at their request. Further, you will be charged an administration fee of 30 EUR in case you do not complete identity verification within 15 days of opening an account. 

In addition, there may be fees or commissions from counterparts that are not specified. And in case your account is inactive for over 30 days, you’ll be charged a dormant fee of 85 EUR per month. In case your account is inactive for over 6 months, the fee increases to 99 EUR per month until your account is on zero, when it will be closed.

Truvecta Account Types

If you’re still keen to register an account, you can choose among 5 options:

• Basic – $5,000
• Standard – $25,000
• Pro – $100,000
• Gold – $250,000
• Exclusive – $1,000,000

If you’re worried that you won’t have enough cash, it’s fine. This broker allows you to start with as low as $250, just to keep you in the loop. Then, after you see a bit of profit, which they can create artificially with their WebTrader, you’ll be asked to upgrade.

But what can you get for 1 million USD? The short answer is nothing. Spreads are fixed and floating, the leverage is 1:500, and the only thing that differs from other accounts is a maximum trading size of 100 lots. Let’s just say it’s not worth your while.

Demo Account

Another benefit you won’t get with Truvecta broker is a demo account. Instead, you’ll be forced to invest right away. And when you already do, you’ll be constantly pressured for more.

Educational Materials

As expected from a fraudulent firm, this one offers no educational materials. Their goal is to keep you uneducated so their alleged financial advisors can provide you with advice. Of course, the one that will benefit only the company, not you.

Truvecta Withdrawal

Withdrawals are another interesting part of the company’s legal documents. According to their T&C, they reserve the right to refuse your withdrawal request if they deem the documentation unsatisfactory. They can also delay your request, change the payment method, or reverse the withdrawal and re-deposit the money to your trading account in certain situations.

As for the methods, they have not been specified. All we know is that your withdrawal will incur banking charges, outward transfer commissions, and additional out-of-pocket expenses. Good luck having anything to withdraw in the end.

Key Things to Consider About Truvecta Broker

The first and only thing you should consider about this illicit financial services provider is the warning from the UK authorities. Then, you should consider a lack of a trusted platform, high costs, unspecified charges, and more.

All in all, it seems as you will have nothing to withdraw. But if you do and you cannot get your money from the broker, let us know. Our chargeback experts will evaluate your case and find the best way to assist. Contact us immediately or leave a comment below.

FAQ Section

What is Truvecta?

Truvecta is an unregulated offshore brokerage located in Saint Kitts and Nevis.

Is Truvecta Legit?

Truvecta has no license to provide financial services and has been marked a scam by UK authorities.

How Can I Get a Withdrawal From Truvecta Account?

You can try submitting a withdrawal request through your account. If you don’t get your money in due time, contact our chargeback experts for help.

Nowadays, there are plenty of brokers claiming to have all the necessary licenses and that you can trust them with your funds. However, this is rarely true.

If you are considering to start trading, make sure to read this Fargo Consulting review first. It will help you understand how to recognize actually legitimate brokers and how to avoid the ones lying about everything.

Is Fargo Consulting Legit or a Scam Broker?

While trying to imitate Wells Fargo, a well-known financial services provider, the Fargo Consulting broker is nothing but a fraud. The company claims to have been licensed by CySEC, FSA, FSCA, and FSC. 

However, they also claim that the company has been registered in the UK, and English courts are responsible for any disputes. That would also imply that they have been regulated by the domestic authority, FCA. Once we searched the register for Fargo Consulting Ltd, we found a warning. According to it, the brokerage is providing or promoting financial services or products without the FCA’s permission.

On top of that, other alleged licenses are nowhere to be found. Therefore, we’ve confirmed that Fargo Consulting is an unregulated scam.

Who Are the Victims of the Fargo Consulting Scam?

Based on our website analysis and Fargo Consulting reviews from their users, the company is mainly targeting:

• United States,
• Canada,
• Germany,
• South Africa.

We’ve found a Trustpilot page dedicated to this broker with a score of 4.1 stars, rated great. However, if you check the most recent reviews, you will see Fargo Consulting complaints piling up. While all allegedly positive comments come from the UK, some even from users with identical names, the negative ones are from all over the globe and are describing experiences in detail.

Trading Platforms and Features

Fargo Consulting’s website describes its technology as “institutional grade, featuring advanced trading tools, customizable news and information, and comprehensive trade analysis.” However, the truth is a bit different.

Instead of offering sophisticated trading software, such as MetaTrader or cTrader, that actually allows access to all the mentioned tools, the company opted for WebTrader. It’s the most basic tool, and it has charts imported from TradingView. Of course, it doesn’t support many advanced features, let alone copy trading, that this broker proudly advertises.

In addition, there is no Fargo Consulting app. Therefore, both Android and iOS users will have to use their browsers for trading, which is far from advanced.

Trading Assets

Once you obtain Fargo Consulting login credentials, you can access the platform. There, you can find 5 main categories of trading instruments:

• Forex – EUR/USD, GBP/AUD, NOK/SEK
• Commodities – gold, silver, corn
• Indices – NASDAQ, FTSE100, CAC40
• Cryptocurrencies – BTC, ETH, XRP
• Shares – Amazon, Meta, IBM

Note that the FCA banned CFD crypto trading due to numerous scams. This is yet another proof that the firm is not authorized to trade in the UK or anywhere else.

Leverage, Spreads, and Fees

Leverage varies depending on the account type and ranges from 1:20 to 1:200. This is not unreasonable, assuming that the more you invest, the more professional you are. However, note that all European regulators have set a limit of 1:30 for retail traders due to high risks.

Spreads are floating, starting from 1.0 to 1.9 pips, depending on the account. However, this is just the lowest mark. We don’t want to know the highest spread since the example they gave their users mentions 20 pips.

Terms and Conditions mention plenty of fees, including conversion fees, rollover fees, deposit and withdrawal fees, and penalties for breaching contract terms.

Fargo Consulting Account Types

You can choose between 4 accounts:

• Cent – $250
• Zero – $500
• Pro – $5,000
• Premium – $10,000

Besides the minimum deposit, each higher account has higher leverage, lower spreads, and more trading instruments at your disposal. Additionally, only the last two allow trading with EAs.

Fargo Consulting Demo Account

This brokerage doesn’t allow its clients to trade on a demo account. Instead, you need to activate a live one right away and risk at least $250 with an unregulated brokerage. We advise against it.

Educational Materials

Allegedly, the company has a trading academy where users can learn about assets, bid and ask prices, spreads, day trading, and more. However, since the firm is not licensed, neither are their financial advisers. Do you want to learn how to trade from a boiler room agent? We don’t think so.

Fargo Consulting Withdrawal Procedure

To initiate a withdrawal, clients need to submit a request through their account dashboard. Once the request is approved, the company claims it will be processed using the same payment method you used for the deposit within one business day.

The minimum withdrawal amount is $20 for all methods except the wire transfer, which is $100. If you request a withdrawal of a lower sum, you will pay a $10 fee for all methods except the wire, which is $50.

Some of the available payment methods include:

• Wire transfer,
• Mastercard,
• UnionPay,
• Neteller,
• MoneyBookers.

However, after all the complaints we’ve seen, we highly doubt you will get your money back without a fight.

Key Information to Consider About Fargo Consulting

Fargo Consulting is an unregulated trading brokerage, with a warning from UK authorities. With this in mind, you should not invest with them. 

However, if you have already done so and you have issues withdrawing your funds, let us know. Our chargeback experts can look into your case and help you report it. Contact us today to book a free consultation.

FAQ Section

What is Fargo Consulting?

Fargo Consulting is an unregulated online trading brokerage with a warning from the FCA.

Is Fargo Consulting Legit?

Fargo Consulting is not legit, despite many alleged regulations. The UK FCA deemed it a trading fraud.

How to Withdraw Money From My Fargo Consulting Account?

You can try to submit a withdrawal request via the client dashboard. If you don’t get your money within one business day, contact our experts for assistance with recovery.