This offshore company doesn’t even try to pretend to be regulated. The broker has been around for some time now, and managed to defraud an alarming number of traders.

Our AlgoProVersion review will show you all the hallmarks of an online financial hoax, and how to get your money back from one.

Unregulated and Unapologetic

There’s no doubt that the firm behind the AlgoProVersion broker is unregulated. The company states in plain and simple terms that the operators “hope to gain [their] regulation very shortly”. As if people just stumble into regulatory licenses randomly while walking back home from a pub.

There is a mention of a parent firm, named OnlineBlue Group LLC, registered in St. Vincent and the Grenadines. Although this parent firm may be found in the SVGFSA registry, it is impossible to tell whether the connection is genuine or not.

Either way, SVGFSA has renounced their efforts to supervise and license online brokers. This means that it is impossible for this brokerage to be regulated, unless they register in another country. This was confirmed by BaFIN which blacklisted the firm.

How Online Scams Work

The AlgoProVersion trading website we see on the algoproversion.com domain was launched in April 2023. The fraudsters behind the site mostly target people from the following countries:

• Germany
• Switzerland
• Austria
• United Kingdom
• Belgium

This sort of faux service is known as a boiler room. It is a fraudulent call center, which employs various agents to contact and influence the victims directly. Agents do this by phone, or through social networks like Facebook.

Usually, the agents introduce themselves as “mentors” or “account managers” from one big investment company or another. They will claim to have an inside knowledge in the markets, and that they can quickly multiply any investment.

Traders are Warning the Public

The company is not exactly your reputable everyday business. Content of the majority of AlgoProVersion reviews can only be described as public outrage.

Looking at TrustPilot, for instance, the firm has a rating of 2.0 stars. Out of 43 total testimonials, 79% are negative, and include complaints about known boiler room methodology. Don’t wait for these swindlers to disappear with your money! Contact our legal team today to start a fund recovery procedure!

Lack of Disclosure on Costs

Trading under increased exposure is a shortcut to bankruptcy. That’s exactly where these fraudsters aim to send you when they offer leverage of up to 1:200. At that, there’s insufficient information about the trading costs, such as spreads. 

Account types page suggests up to 50% swap reduction available, but no concrete costs are displayed. When there’s not enough transparency, you can’t expect the brokerage service to be honest and genuine.

100% Bonus With Vicious Terms

As soon as you become a proud owner of an AlgoProVersion login, you will have to meet the requirements before you can withdraw the bonuses. 

In other words, you have to trade a number of lots equal to Bonus Amount * 1. That means, if you deposit $200, you have to trade 200 lots to withdraw the bonus. Just for the record, one standard lot is 100.000 units – you do the math.

Shabby Features Impress No One

The majority of the alleged prestigious trading tools and options are locked behind the sign up procedure. That is further obstructed by the Promo Code requirement. Therefore, you can’t just access the trading terminal or make a demo account. Only the hand picked victims with a secret code can.

Pathway to Trading is Blocked

As already explained, all you will ever get to see of the purportedly premium AlgoProVersion app is just a Promo Code requirement. Several screenshots found on the web presentation suggest the software is nothing but a simplistic web terminal anyway. 

Severely inferior in comparison to industry leaders (MT4, MT5) this trading portal is nothing but a scammer’s playground to manipulate and alter how they wish.

Poorly Introduced Markets

Besides several popular asset groups listed on the site, there’s not a single additional piece of information available. 

The broker doesn’t even list a single instrument as an example of what can be traded on their platform. Promises about thousands of available assets for trading seem like another big, fat lie introduced by these cons.

Daylight Robbery

With the minimum deposit for the cheapest AlgoProVersion account being $10.000, these cyber criminals sure don’t come off as modest. We wouldn’t mind if their offer was indeed so extravagant to deserve this insane pricing. 

Unfortunately this is just snake oil that costs an arm and a leg yet does nothing good for the trader. Here is how these prices go:

• Standard – €10,000
• Advanced – €25,000
• Platinum – €100,000
• Expert – €250,000
• Vip – €500,000

Withdrawal Page Does Not Exist

It’s clear that the con artists never intended to allow any payouts to happen from their platform. There is no withdrawal policy anywhere on the website, and the Terms and Conditions paper never even mentions the word once.

A hyperlink towards an alleged withdrawal page does exist, but leads nowhere. Instead of directing you to a payout form, it shows an “error 404” page.

Getting your money out of this platform requires taking legal action. Book a free consultation with our team for help in getting your money reimbursed.

Zero Customer Support

The website mentions several channels through which you should, allegedly, be able to contact support. This support is said to be available 24/5, but the live chat doesn’t work, and the phone line is disconnected. Just like with TRIMAMEX, you’re left with an email address, but chances are nobody reads the messages.

Seek Help With Recovery!

Investing your hard-earned capital into promising but unregulated schemes can never pay off. Therefore, we strongly suggest you to always double check your broker of choice and only pick well-regulated online trading servers. 

If you, by any chance, invest into a shady scheme such as EliteBrokers or AlgoProVersion scam, we can help you get your capital back. Contact our chat agents promptly, and book your free interview with our chargeback experts.

FAQ Section

What is AlgoProVersion?

It is an online fraud disguised as an offshore forex broker.

Is AlgoProVersion Legit?

No, the company is completely illegal, and the swindlers themselves admit to not be regulated.

How to Get Money Back From a Scam Broker?

Recovering funds requires expert help. Book a consultation with our team to learn more about the recovery process.

Remember the name “Solidus Markets” because it is not a legitimate trading platform. On the contrary, it’s a deceptive website offering illicit Forex services, and we have plenty of evidence to prove it.

Therefore, please read our full Solidus Markets review to learn the truth about this scheme. Also, learn how to identify cyber tricksters like this one or GFE Markets. 

Legal Info: Is Solidus Markets Regulated?

The Solidus Markets broker claims Digital Genius LLC owns it. But they don’t give any contact details or regulatory information, which is pretty suspicious. We did find a match on the IRI, but the entity is dissolved. 

The bottom line is that the platform isn’t regulated by any proper authorities for Forex trading. This means your money isn’t safe with them and isn’t legally protected. The UK’s Financial Conduct Authority (FCA) and Australia’s Securities and Investments Commission (ASIC) confirm this claim with regulatory warnings!

Instead of trusting anonymous sites, we recommend choosing regulated firms operating under the supervision of reputable financial market authorities such as the FCA (UK), BaFin (Germany), CFTC (US), ASIC (Australia), IIROC (Canada), MAS (Singapore), etc. Avoid brokers like STMarket that operate under laxer jurisdictions. 

Such companies are subject to stringent regulations and must offer clients negative balance protection, segregation of funds in top-tier banks, and, in some cases, compensation schemes.

Who Are Solidus Markets’s Targets?

According to WHOIS, the active Solidus Markets website domain was created on March 11, 2024. The fraudsters pulled the shutters on the previous one due to the FCA’s initial warning. The main targets were unsuspecting traders and investors from the following jurisdictions: 

• United Kingdom
• Australia
• Israel
• Spain

Four jurisdictions, each boasting unique and stringent financial regulations to prevent digital con artists from running their schemes. We’ve already detailed Solidus Markets’ duplicitous legal background, which caught the attention of the British and Australian regulators. See the warnings in the previous section to better understand why the platform is risky. 

Trader Reviews – Sharing Experiences

The company has amassed over 180 Solidus Markets reviews on reviews.io. However, we suspect that the relatively positive feedback is incentivized, i.e., dishonest. If you look at the most recent comments, you’ll notice scam accusations:

“This webpage is fraudulent. They simply won’t stop contacting and requesting more money. They give the impression that I made some money on the trades. When I try to withdraw money, they want additional money deposited into the account,”

– one user stated, claiming the website aims to charge illegal upfront fees.   

User feedback is essential for spotting trustworthy companies and avoiding scams. Before you invest, check out what other traders and investors are saying about the platform. Reviews like ours can help you avoid unnecessary losses and make more informed decisions.

Which Trading Platform Is Available?

The Solidus Markets trading platform had a basic browser-based trading interface offering Forex pairs, indices, stocks, commodities, and crypto. While it included fundamental tools like charts and indicators, it lacked advanced features.

The simple TradingView charts didn’t provide a robust trading experience. That’s why we recommend skipping this broker and instead signing up with a licensed provider that supports reliable third-party software like MetaTrader 4, MetaTrader 5, or cTrader.

MT platforms offer a ton of advanced tools, including automated and algorithmic trading, sophisticated charting, multiple timeframes, live market reports, expert advisors, and more. They’re a much better option for serious traders.

Solidus Markets Account Types

Trading Info – Leverage, Spreads, Commissions

For Solidus Markets Forex trading, users are promised high leverage, but the website did not disclose it, which is common for illicit brokers. Here, it’s important to understand that high leverage is a double-edged sword.

While it can help you reap enormous profits if your trades go well, it can also result in significant losses if things go south. That’s why European and North American regulators have set lower leverage caps for retail clients at 1:30 and 1:50, respectively.

Spreads and commissions are also a mystery. Users do not know how much the platform charges unless they deposit real money.

Can Traders Use a Free Demo Account?

Another tactic used by anonymous fraudsters is not offering a demo account. This forces traders to deposit real money before they can access the platform, giving scammers the chance to steal it before users catch on.

If you’re new to trading, starting with virtual funds is crucial. Don’t risk real money right away. Every legitimate broker provides a demo account, so there’s no need to take a gamble on sketchy websites.

Deposit and Withdrawal Process

The shady website listed three available payment methods for depositing and withdrawing funds:

• Credit/debit cards
• Wire transfers
• E-wallets

The minimum deposit is higher than what legit brokers charge. Depositing funds is easy, but attempting to withdraw them reveals the true nature of a scam. When you face withdrawal issues, it’s often the first sign that you’ve been trapped. If this happens, you need to look into ways to recover your money.

If you used a MasterCard or Visa credit/debit card, you can request a chargeback from your issuing bank within 120 days. To do this, you need to build a strong case and provide substantial evidence. Gather all relevant information and documents.

You can request a recall through your bank for wire transfers. However, this only works if the money hasn’t already been transferred.

Key Facts To Consider About Solidus Markets

Solidus Markets equals financial swindlers targeting unwary traders from the UK, Australia, Israel, and Spain. The platform appears on the FCA’s and ASIC’s regulatory warning lists. It’s an utter hoax designed to scam users.

We do not recommend trading on such platforms due to their unregulated status. If you are a victim of the Solidus Markets scam, you must seek our professional help to recover your funds! A chargeback is your best option.

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

Book your free consultation here and start the chargeback process.

FAQ Section

What is Solidus Markets?

It’s an anonymous website promoting illegal trading services without a regulatory license or permit.

Is Solidus Markets Legit?

No, this brokerage firm is a complete hoax. The FCA clearly stressed that in its warning.

How to Get My Money From My Solidus Markets Account?

Since Solidus Markets withdrawal issues are guaranteed, we offer our professional fund recovery services. Call us.

As a Mauritius-based company, this broker can’t earn much respect from any experienced trader unless they have top-tier licenses. In any case, with registration in 2023, it’s expected the company knows what makes any investment firm legit.

Unfortunately, after you read this Square Markets review, you will find out they don’t know. Or they simply ignore it. On the other hand, it’s a good sign for you to stay away from them.

Legal info: Is Square Markets Legit or a Scam?

It’s important to realize that this brokerage doesn’t reveal any legal documents on its website. Therefore, the legal entity and owners remain unknown. Luckily, regulatory databases can be searched by domain as well. In the first place, we were checking the FSC (Mauritius) and DFSA (Dubai) registers. But we had no luck finding this brokerage in any. That’s already a sign to keep your funds away from the company’s hands. 

But to be fair to the company, we also checked some top-tier regulatory databases, such as FCA, BaFin, ASIC, IIROC, and CySEC. The situation was the same. Consequently, the company’s statements about segregated funds and working under strict regulatory guidelines don’t make much sense.

Who are Square Markets’s Victims?

According to the company’s domain age, they have been around for only one year. For that one year, we found no Square Markets reviews. But if you analyze the company’s website traffic, you will see where most of the visitors and potential victims come from. Fairly, those are countries heavily targeted by scammers, starting with: 

• United States
• Brazil
• United Kingdom
• Australia

So, if you come from any of these and have funds stuck with this company, get in touch with our refund team for assistance. But also, if you experience any traps that we mention in our Merrix review.

Leverage, Commissions, Spreads, Fees and Taxes

With insanely high trading costs, the Square Markets broker can’t even compete with the average regulated trading firm, not to mention tier-1 licensed ones. The commission goes up to $15, and it’s not specified if it’s one-way or round-turn. At least, for higher accounts, traders can expect lower spreads starting from 0.03 pips.

The critical condition is always the leverage. With this broker, you can see they offer up to 1:500, and that’s also a sign they are not regulated adequately, especially not for operations in the UK, US, or Australia.

Bonuses

To be fair, none of the Square Markets accounts include bonus offers. Thus, it’s not a guarantee you won’t get some. After all, without transparent T&Cs, you can’t even find out before you sign up. 

But to see how bonuses can impact your withdrawals, check our BBanc review.

Square Markets Trading Features

Important to realize is that the broker doesn’t promote any highly sophisticated features. These may include copy trading, social trading, or auto-trading. Instead, traders will have only the option to use EAs. At least there’s something, but is it worth it since the firm is not licensed?

Trading Platforms Available

Generally, if the company truly offers MT5, there will be plenty of advanced options. However, you’ll have to complete the Square Markets login procedure to test it out. Overall, some features you can expect are the aforementioned EAs, advanced charting options, and more than 80 indicators.

Available Trading Assets

According to the company’s presentation, more than 1,000 assets will be available. Thus, their products page reveals just a few of those, such as: 

• Forex – EUR/GBP, AUD/SGD
• Indices – S&P500, DAX30
• Cryptos – BTC, LTC    
• Commodities – crude oil, natural gas

Account Types

Generally, all accounts with this brokerage include the same features. The main difference comes from trading costs like commissions and spreads. Therefore, you can choose between: 

• Crystal – $100
• Gold – $1.000
• Diamond – $5.000
• Platinum – $20.000

Mobile Trading App

Since you have to be a registered user to get access to the platform, we’ll have to trust the company that it offers the MT5 app. But if you sign up with them and see anything other than MT5, you know their app doesn’t exist.

Demo Account

One of the reasons traders might be suspicious about MT5 is that there’s no demo account in the offer. With MT5, a standard bundle is offered to all brokers using it. So, if you want to explore platform features, you better find some adequately licensed brokerage.

Education

Unfortunately, the company’s section for education is currently under construction. Therefore, you have another reason to stay away from them.

Square Markets Withdrawal

When it comes to Square Markets withdrawal, traders can expect most issues. For some reason, the company advertises 180-minute withdrawals, which are only available to traders from India. Apparently, this feature will expand soon to other regions. 

Nevertheless, you can’t expect smooth withdrawals without a license and transparent withdrawal fees.

Customer Support

As can be seen, the company doesn’t have clear support working hours. But on the positive side, they provide traders with various phone numbers, WhatsApp, live chat, and e-mail for contact options.  

Key Information To Consider About Square Markets

If Square Markets MT5 availability is true, it would be quite easy to attract traders. However, without trusted regulations, all that falls down the drain. Generally, we suggest all traders wait a bit if they consider investing with this broker. But if you deposit and experience some issues withdrawing the money, reach out to our refund team immediately.

After all, such problems are highly expected and it’s good to know how to recover your money. Send us a message and book your first free consultation already today!

FAQ Section

What is Square Markets?

Square Markets is an offshore brokerage allegedly registered in Mauritius but with offices in the United Arab Emirates.

Is Square Markets Broker Legit?

No. Without transparent services, the Square Markets app, and regulations, it’s clear traders can only expect issues with this firm. It’s a matter of time before warnings start piling up.

How to Get Money Back From a Scam Broker?

Depending on the payment method, traders can apply for a chargeback or other refund methods. For a step-by-step guide, reach our refund team.

To be honest, the company’s web design shows that it’s all a joke. It looks like a PC game from the 2000s. But if it were operating legitimately, nobody would care.

The first sign to avoid this firm is a lack of transparent legal documents and overall legal information. If you have funds in their hands, we suggest you read this Onechain Capital review until the end.

Legal info: Is Onechain Capital Legit or a Scam?

If the company was legit, it would first reveal its legal and registration details. Of course, with its scamming activities, that would expose it and put people in charge behind bars. On top of that, Onechain Capital should be licensed since it operates with its customers’ money.

Unfortunately, none of the top-tier regulators like FCA, BaFin, CFTC, ASIC, or similar have issued them a license. Consequently, the client’s protection does not include segregated bank accounts for deposits or compensation schemes.

Who are Onechain Capital’s Victims?

Even though the company claims to have 920+ users, there are zero Onechain Capital reviews. Therefore, we’ll have to rely on website analytics to see how long they exist and who they target. As it seems, the firm was registered in late September 2023 and mainly targets:

• Australia
• United Kingdom
• France

With this in mind, you can expect warnings from respected regulators very soon. To help that happen faster, let us know about your experience in the comments below. But if you want refund guidance straightforward, contact us directly.

Leverage, Commissions, Spreads, Fees and Taxes

While Onechain Capital broker offers investment plans where the company invests for traders, all trading conditions are unknown. They say that the only thing traders should know is how much they will get in return. 

In reality, that’s nonsense since the company doesn’t share any costs. So, how do they make money?  

Bonuses

Since the company practically generates free money for customers, bonus offers are not included. At least you won’t have to worry about hidden clauses that bonuses often include. 

To learn more tricks companies are using, read our TMGM and M4Markets reviews.

Onechain Capital Trading Features

As can be seen, the Onechain Capital crypto trading firm mainly focuses on crypto investments. Thus, all details regarding their investments remain a complete mystery. Still, you are expected for some reason to trust them with your money.

Trading Platforms Available

If the Onechain Capital trading firm was operating legitimately, it would reveal what platforms it is using. 

However, since it’s all fictive, there was no need for that. That’s why traders should keep their funds with top-tier licensed firms to avoid such manipulations.

Available Trading Assets

According to the presentation, the company has been only investing in cryptocurrencies. Thus, that might be partially true. If they accept crypto payments, they will have all the funds in their crypto wallets. So, there you go. But of course, you won’t see any of your funds returned.

Account Types

With 3 investment plans available, the company tries to extort more money from traders. Fairly, when you see those plans, you will realize that it all looks like a Ponzi scheme. 

The more money you deposit, the higher the return the company will allegedly bring you. In reality, returns don’t depend on a deposit. Therefore, you can choose between: 

• A – $50-$1.000 deposit / 30 days duration / 1.25% daily profit / total profit 137.5%
• B – $1.001-$4.000 deposit / 30 days duration / 1.5% daily profit / total profit 145%
• C – $4.001-$100.000 deposit / 30 days duration / 2.0% daily profit / total profit 160%

Mobile Trading App

To check your investments on mobile, you will have to access the web-based dashboard the company provides you with. But you have to keep in mind all details in such a dashboard can be manipulated. So, you’ll decide if you can trust them or not.

Demo Account

Generally, when traders don’t trade themselves, a demo account is not necessary. So, we can’t be surprised there’s no such option here. 

However, with such suspicious offers, the company could offer trial accounts with a money-back guarantee if they wanted to be legit. Of course, they don’t.

Education

Usually, educational programs are not included when companies trade on your behalf. But that’s wrong. In such cases, the company can serve you with any good or bad results, and you will believe it. That’s why proper education is always necessary. To get it, simply choose tier-1 licensed firms.

Onechain Capital Withdrawal

One of the most suspicious details here is the Onechain Capital withdrawal. With zero transparency about fees, methods, and processing time, you can only expect problems. Some of the most common issues traders face are verification problems. That’s designed to make the process longer and find another option to extort more money.

If that doesn’t work, they will skip to non-existent fees or taxes. If you pay them, they can easily block you and vanish. But they will do that anyway, even if you refuse to pay. If, for some reason, you get a small withdrawal in the beginning, that’s only because they want you to believe they are trusted. But the moment you deposit big money, things will change.

Customer Support

Another reason not to trust this firm is the lack of trusted contact options. The only ways to get in touch are by e-mail and online contact form. Guess how long it will take them to respond if you ask about withdrawals. Forever!

Key Information To Consider About Onechain Capital

There are literally zero reasons to trust this firm. Firstly, they are absolutely anonymous. Secondly, they promise daily returns. Lastly, but most importantly, they are not regulated. 

So, if you have money stuck with them, get in touch right away for refund options. Don’t let these swindlers slip away with your hard-earned money.

FAQ Section

What is Onechain Capital?

Onechain Capital is an anonymous investment firm that offers fake investment plans with fixed daily returns by trading cryptocurrencies.

Is Onechain Capital Legit?

Absolutely not. The company doesn’t have any licenses to operate with clients’ money. On top of that, they look like a Ponzi scheme.

Where is Onechain Capital Located?

The company’s addresses remain hidden. Therefore, we recommend you withdraw your money and if any problem occurs, reach out for refund assistance immediately.

Everything you ever find on this website is a charade. The firm offers nothing tangible when it comes to trading conditions, but that’s the least of your worries.

The real problem is that it is an unregulated firm wearing a mask of somebody else’s business, as you’ll see in our HW Online review.

Nothing but a Clone

HW Online broker claims to be owned and operated by JAROCEL PTY LTD, registered in South Africa and authorized by FSCA under the license number of 52108. 

However, as soon as we started digging deeper, we found out that neither of the domains we’re reviewing belongs to this company. The firm in question only runs one brokerage brand registered on headwaybrokers.com website. 

Apparently, this regulated broker has nothing to do with the two suspicious sites that are only impersonating the company. Clone attempts and imposters are quite common in the Forex trading world and they pose a significant threat to the safety of investors’ funds.

All they do is try to resemble regulated firms well enough to trick investors into depositing on their site. Funds safety isn’t ensured, there’s no chance to compensate losses and withdrawal of profits is denied.

Fraudsters’ Deception Revealed

The broker operates two distinct websites, both created on the same day in May 2022. Web traffic analysis shows that these areas are most impacted by the scheme:

• United States
• United Kingdom
• Canada

Our Headway review has already shown you that the scammers misappropriate another firm’s credentials. This does not only deceive the potential and existing clients of the regulated broker, it creates confusion with the general public as well.

It’s also a way to fake a large online presence despite the fact that there are no HW Online reviews. This is what the boiler room agents working for the fraudsters capitalize on.

They pretend to be agents from a large corporation, when in fact, they sit in a filthy room somewhere and endlessly call people on the phone. If you’ve had an encounter with these cybercriminals, contact our experts to start a fund recovery process.

Terrifying Unlimited Leverage

As the company specifies on their account comparison page, HW Online trading leverage ranges from 1:1 to 1:unlimited. For beginners, that means that quick loss of entire life savings is guaranteed. Spreads aren’t entirely well defined, as they’re only marked as floating and starting from 0.3 pips. 

Commission, on the other hand, is only charged for the Pro account and it’s up to 1.5$ each side per lot. Taxes on monetary transactions remain an issue, as nothing concrete is said.

Ongoing Promotions

Currently the most popular bonus offered on the site is the $111 for first trade. There’s other contests, such as gift shopping, trading achievements and others. However, when it comes to withdrawing these profits, you need a trading volume requirement reached first. 

The total number of lots you have to trade is calculated in the following way: Bonus / 10 = number of lots which is pretty much impossible.

Suspicious Downloads and Features

You should be extremely careful when being offered anything by unregulated platforms who only wish to appear legitimate. Trading portals such as this one or, for example, Coinomi will offer a palette of tools and features, but they’re all bogus products. Let us elaborate on that.

Copy Trading Encouraged

Major function advertised by the company is their HW Online copy trading feature that you can activate from the user panel. This means that you will be copying trades from other, allegedly successful traders. 

This entire scheme could be a well-designed simulation, designed to trick you into believing your positions will turn out profitable. All your trades will, however, eventually fail and you’ll lose money to these con artists.

Mobile App is in Stores

With over 100k downloads HW Online app has had from the Google Play store, some may even fall for the trickery. Interestingly enough, reviews are disabled. 

The software is not as popular in the App Store and the 31 positive reviews on there may as well be fake. The site offers a download via a QR code, but that is something we definitely do not advise you to do.

Unrealistic Promises About Assets

While there’s no traces of MT5, the site still claims the presented tradable products groups are only available on that software. Does that mean that there’s no trading via the proprietary mobile app? We can’t say. 

Either way, here’s a short list of examples of advertised financial instruments:

• Forex – EUR/USD, USD/AUD, USD/CAD
• Metals – Gold, Silver
• Cryptocurrencies – ADA, BAT, BCH
• Energies – Brent, Crude, Nat. Gas
• Stocks – Adobe, Electronic Arts, PayPal
• Indices – IDX30, JII, US500

Not a Rich Offer of Accounts

Packages designed by the HW Online scam will have you believe they offer everything a beginner trader or a professional investor prefers. That’s why these account options are advertised:

• Cent – $1
• Standard – $10
• Pro – $100

Don’t let the minimum deposit requirements fool you – even a single penny invested here will be lost to online fraudsters. 

No Sign of Policies

In order to make us believe the story about quick and safe HW Online withdrawal, the broker would have to be a regulated online trading brand with a history of good practice. Unfortunately, this is not that kind of firm. Due to the absence of policies and other legal docs, we had to rely solely on the information found in the client zone. 

Here, however, only two payment methods are mentioned:

• Digital payment services (PerfectMoney, Neteller, Skrill)
• Crypto (BTC, ETH, LTC, TETHER)

Knowing how tricky it is to track lost crypto investments, we don’t recommend using this transaction channel. 

“Happy to Help”

First impressions you’ll have about the company’s client support service will be entirely wrong. Despite claiming to always be at your disposal and ready to assist you, we couldn’t find a single way to communicate other than the online chat and request form. Even that option relies entirely on a bot and you never get to contact a firm’s employee.

Don’t Forget – We Offer Real Help!

This broker is just another one of shady companies like Crypto Pilot, which promise the world but give nothing in return. It required experience and dedication to pull the money out of schemes like these.

Our experts can help, any you may reach them via the live chat at any time of day or night. Book a free consultation today, and start a procedure that will have your money returned.

FAQ Section

What is HW Online?

It is a clone company scam which misrepresents their business as belonging to a regulated firm.

Is HW Online Legit?

No, the broker is merely using credentials from a licensed firm. This is called a clone company, and is very dangerous.

How to Get Money From My Headway Account?

Contact our legal team to start a recovery procedure. We are available 24/7 via the live chat.

Navigating the landscape of volatile financial investments is difficult enough without the constant danger of fraudulent companies. There are several ways you can detect the con schemes before you waste any money on one.

See the remainder of our SkyTargetLtd review to learn more about fund protection and recovery.

Hidden Company Information

Legit brokers are bound by law to provide certain information, which includes the nation of incorporation and the authority that issued a license. Depending on the jurisdiction, each page of the site should also include a standardized risk disclaimer, which is absent in this case.

The SkyTargetLtd broker is allegedly owned and operated by a company of the same name, with no particularities about any registration. A single mention of the address can be found on the “contact” page, which mentions that the company operates from the UK.

This means that the firm should be licensed by the FCA, which is not the case. After inquiring with a number of other regulatory agencies, we found out that the company has been blacklisted by FSMA and FSC. This is a sound confirmation that we are dealing with a dangerous online scam, similar to KickEx.

Boiler Room Strategy

Although the firm does not advertise anywhere, it is a subject of various misleading articles and videos found in all corners of the web. This enforces the idea that the firm has been in business for a long time.

In reality, the skytargetltd.com domain was created in December 2023, and is made to target these nations:

• Australia
• Canada
• Switzerland
• Malaysia

To get more victims, the firm runs a boiler room in parallel. Boiler room agents, as they are called, constantly call people by phone and pitch their lies. Using the combination of charisma, pressure and persuasion, they can get money from just about anyone.

Platforms like the SkyTargetLtd trading scam don’t linger around for long. Take action before the con artists are gone with your money – contact our experts today!

Paying For Fake Reviews

The site with the most numerous SkyTargetLtd reviews is TrustPilot. There, the company has a rating of 3.7 stars, although this number is greatly inflated by the influence of review seller networks.

Using paid, fake reviews is a common trope with other cybercriminals like Duo Markets. In this case, though, the number of fakes is insufficient to stem the tide of negative feedback. Many users are complaining about serious issues like denied withdrawals and the company freezing their assets.

Cost Information Is Hidden

A legitimate broker will always prominently display their various charges on the website. As high-end financial service providers, these firms always compete for a larger share of clients, and will modify their leverage, spreads, swaps, fees and other costs to fulfill a certain niche.

With this service, trading costs suffer from the same transparency issues as the corporate information. There is simply no data even about the most crucial aspects of the business like leverage or various fees.

With no clearly defined costs, swindlers are empowered to invent any amount they see fit. Many con schemes heavily feature hidden fees, which are often charged up-front in order to squeeze more money from the victims.

Impossible to Register

Registration of a SkyTargetLtd login account is impossible due to an error in the website’s programming. Creating an account requires users to solve a Captcha which never loads.

This is not always a design flaw, but a feature instead. Through such purpose-made glitches, the swindlers exert more influence over their marks by making them reliant on boiler room agents for even the simplest of tasks.

Account Types

Financial fraudsters often offer tiered account types in order to entice heavier spending. More expensive ones allegedly include benefits like priority customer support or expert analysis.

Compared to what the regulated brokers offer, these prices are insanely high:

• Bronze – $10,000
• Silver – $25,000
• Gold – $50,000
• Platinum – $100,000
• Diamond – $250,000
• VIP – $100,000
• VIP+ – $250,000

Company agents usually pester the clients to “upgrade” their account in order to receive a “better” service.

Unknown Trading Software

The firm never mentions any SkyTargetLtd Forex trading app. With no access to the client area, we could not examine whether any software exists at all, unfortunately.

Regulated companies often provide industry standard software like MT4, MT5 or cTrader, but this is not the rule. Fraudsters may offer these programs as well, which is why you need research before investing.

No Asset Disclosure

There is only a single instance on which the broker mentions any trading instruments. This is on the account information page, and only for a single account type.

Allegedly, the VIP account includes trading Forex, Stocks, Commodities, and Indices. Since we couldn’t gain access to the platform, however, we were unable to verify any of this.

Murky Withdrawal Conditions

As every other business-related topic, the SkyTargetLtd withdrawal policy is just a pack of weasel words. The document itself is less than a single A4 page, and lists payment and payout channels as including bank cards (Visa, AmEx, MasterCard), cryptocurrency transfers and bank transfers.

Unfortunately the Terms & Conditions neither corroborate nor disprove any of this, of course. Still, there is a clause in it that states that “once a subscription is initiated, it cannot be terminated, and we do not provide refunds”.

This implies that the account minimum deposits are subscription based recurring payments, and that no payouts are possible.

Unreachable Customer Service

The help desk should be available via phone and email, but this is difficult to believe. You see, the firm claims to offer 24/7 support, but nobody picks up the phone when we call the provided number. If you try to send any message to the provided email address, it bounces back.

Got Scammed? We Can Help You!

Not only does the SkyTargetLtd website lack any transparency, we caught it red handed in lying to their clients! The firm is not registered in the nation where it allegedly has an HQ, and has been placed on two regulatory blacklists.

We can help you recover funds from online con artists. Book a free first consultation with our recovery experts by using the 24/7 chat function on our website.

FAQ Section

What is SkyTargetLtd?

It is a financial scam that pretends to be a renowned online forex broker.

Is SkyTargetLtd Legit?

No, the company is not regulated by any authority. Two EU-based regulators have issued warnings about the entity.

Is There a Way to Recover From Financial Fraud?

Recovery is possible! Contact our expert team via the live chat on our site, and start a procedure to have your funds reimbursed.

One of the key problems with this company is that there are too many misleading details, primarily about regulations. When a company doesn’t reveal any legal entity details, you can hardly believe it is licensed.

But that’s just the top of the hill of all the problems traders can have with this company. Therefore, we recommend you watch out for all advice presented in this honest ETHWorld review.

Legal info: Is ETHWorld Legit or a Scam?

As can be seen, the company claims to have licenses in the US, Canada, and Australia. If that were true, ETHWorld would be one of our number one choices, regardless of their costs. After all, security comes first. Thus, these details are just a bogus lie designed to manipulate inexperienced traders.

In reality, none of those licenses exist, and the security the company talks about is just imaginary. Some of those fictive features are hot and cold wallet segregation.

Who are ETHWorld ‘s Victims?

A further issue with this exchange is a lack of ETHWorld reviews. Even though the company presents itself as one of the top 6 futures exchanges in the world, there’s zero proof of that. Since 2022, when their domain was registered, they have been mainly targeting traders from: 

• United States
• United Arab Emirates
• Canada

If you want to avoid similar firms, we also suggest you read our Profit Rex and Invictus Capital reviews. In case any of these firms hold your money, you can contact our refund experts for a free first consultation about refund options.

Leverage, Commissions, Spreads, Fees and Taxes

With ETHWorld spot trading available, you would expect a bit more transparent trading conditions. Sadly, none of the trading costs are revealed to the public. 

Instead, you have to register with them and risk constant harassment by the company’s agents. Certainly, if the company hides trading conditions, there’s no reason to believe it will be good.

Bonuses

Generally, the ETHWorld exchange doesn’t reveal any bonus offers. However, with their MTC token available, don’t be surprised if they give you some promotions to purchase it. Of course, those benefits are only fictive, as is everything else.

ETHWorld Trading Features

One of the advantages of ETHWorld crypto exchange would be one-click copy trading. Thus, the key problem is whether you can trust those trades. 

With unregulated exchanges, such trades might be manipulated to create different behaviors among traders. So, watch out for those traps.

Trading Platforms Available

On the other side, we have issues with the company’s trading platform. Once you complete the ETHWorld login process, you can expect only a web-based platform with basic trading functionalities. But if you expect EAs, advanced charting, and analytics tools, choose another company on time.

Available Trading Assets

The only thing any scam company can hardly fail is to provide a wide range of investment options. However, this firm failed there as well. According to their presentation, there are a bit over 20 coins available, including: 

• BTC
• IOTA
• XRP
• MTC and a few more.

Account Types

Usually, crypto exchanges offer VIP programs to motivate investors to trade more with unregulated firms that are designed to extort higher deposits. Luckily or not, this firm doesn’t present traders with such deals—at least not at first glance.

Mobile Trading App

If you check the ETHWorld app for iOS or Android, you will quickly realize another scam sign. First, the app is not available for download in PlayStore or AppStore. Second, the company presents us with fake 420k+ installations and a 5-star rating. So, you better stay away from it.

Demo Account

A lack of demo accounts is another reason to keep your funds away from this company. With their spot trading and contract trading features, it would be more than necessary to have it.

Education

To continue their suspicious services, the company needs to ensure traders don’t know anything. If they knew how crypto works, they would never trust them. That’s why this firm doesn’t have any educational programs for its clients.

ETHWorld Withdrawal

As with any other unregulated exchange, the ETHWorld withdrawal will be the key problem. Without transparent fees and processing times, you can only expect issues. These may include delays due to verification problems, AML laws, or any other excuse the company makes.

Even if you provide them with all the required documentation, some other things will pop up. Sometimes those are non-existent fees, but sometimes, they are non-existent taxes. Just make sure not to pay any.

Customer Support

Generally, it looks like the company offers 24/7 multilingual support. With e-mail and live chat options, you can get a quick response if you need some assistance. But we highly doubt it would work if you want to withdraw the funds.

Key Information To Consider About ETHWorld

Literally every bit of information provided by the company is questionable, starting with regulations, platforms, and security. Sadly, we’ve been attracted by the same lucrative advertisement as well. We know the pain of having funds stuck somewhere and not knowing how to get them back.

For that reason, we provide a free first consultation where you can learn how the recovery process works. If you are sick of swindlers and just want to get your money back, book your meeting right away!

FAQ Section

What is ETHWorld?

ETHWorld is a crypto exchange registered in 2022 that has been providing various crypto trading services with zero transparency and credibility.

Is ETHWorld Legit?

Absolutely not. The company operates without any Digital Asset Service Provider (DASP) licenses. Consequently, all kinds of problems are possible.

What is CipherTrace?

In case any problem occurs and you can’t withdraw your crypto, our experts with the CipherTrace tool can help you track your crypto transfer and apply for a refund.

BitcoinEra—the website slash platform constantly appearing on warning lists—promises unwary investors lucrative crypto opportunities. They claim all you have to do is send them money and await seamless profits.

In reality, the shady business is one big scheme, just like InvesaCapital. We urge you to read our full BitcoinEra review to learn the truth and find out how you can recover the funds you lost. 

Legal Info: Is BitcoinEra Legit or a Scam?

Affiliate campaigns are not a type of business that requires regulations. Firms offering such services operate by connecting clients with brokers in exchange for a fee. The platform provider, however, has to be regulated to ensure safe trading.

In this case, we found several regulatory warnings against BitcoinEra. The Spanish CNMV was the first to alert traders about the scheme in 2019. Other European financial watchdogs that blacklisted the firm were the Belgian FSMA and Italian CONSOB.

Moreover, the Ontario Securities Commission (OSC) and New Zealand Financial Markets Authority (FMA) also released statements against BitcoinEra. With four regulators hot on the fraudsters’ trail, it’s safe to say the affiliate business is a hoax.

Therefore, we strongly advise you to opt for providers regulated by renowned financial authorities such as ESMA (Europe), FCA (UK), CFTC & NFA (US), ASIC (Australia), and IIROC (Canada). Trusting suspicious sites is risky, as they may participate in fraudulent activities.

Who Are BitcoinEra’s Targets?

According to WHOIS, the bitcoinera.app website domain was created on October 25, 2019. Since then, the digital con artists behind the website have been targeting primarily traders and investors residing in the following countries:

• United Kingdom
• Germany
• Italy
• Romania
• Mexico

European countries have strict market regulations, leaving no space for anonymous fraudsters like the BitcoinEra crypto scheme or the Lionsgate Network chargeback fraud. The four regulators we mentioned have shown how effectively they handle these cyber threats (check the previous section).

We recommend using regulated providers and steering clear of dubious websites promising unrealistic and suspicious services.

Trader Reviews – Is There Any Feedback?

When we looked up BitcoinEra reviews on popular forum pages, we found many complaints about the website. Currently, there are 12 comments on trustpilot.com, with the forum warning us about the firm receiving “regulatory attention.” The scheme got a poor average score of 2.3. 

“I invested £250, and it disappeared before any trading, They said I needed a virtual wallet and took another £250 without my permission creating it,”

– one user stressed. Other complaints speak of similar issues.

The point? It’s important to read user feedback before investing online. Negative reviews can often help you avoid getting defrauded.

Shady Trading Platform and Fake Success Rate

The website unscrupulously promises various cutting-edge tools and advanced technologies, such as the BitcoinEra bot, which allegedly has an 85% success rate. If that were true, this company would be making the grade in the industry. In reality, there is no reliable platform or BitcoinEra app on the site.

There isn’t even a BitcoinEra trading platform download link, indicating the scheme’s true nature: they want your money without providing any tools in return. Avoid investing on this site and choose transparent brokers who support reputable software like MT4 or MT5 instead.

How Affiliate Scams Usually Work

Deceitful techniques are rampant in affiliate campaigns. Take the BitcoinEra AI ruse, for example. Cyber tricksters lure people with promises of lucrative returns overnight with minimal risk. Such schemes are known for unrealistic claims and fake products.

Another common type of fraud is the Ponzi scheme, where money from new investors is used to pay earlier ones. This unsustainable system eventually collapses, causing financial losses for those at the bottom of the pyramid. Hence, be careful if a suspicious website puts pressure on you to recruit new members. Do thorough research before investing to avoid these online traps.

BitcoinEra Payment Process

The website lists three payment methods that can be used to deposit funds and withdraw generated profits:

• Credit/debit cards
• Wire transfers
• E-wallets

If you deposit on this website, forget about withdrawing your money. According to the reviews, these fraudsters brazenly steal the funds users send them and cease communication. If you get scammed, it’s up to you to explore alternative refund options and consider getting professional assistance.

For MasterCard and VISA transactions, you can request a chargeback at your issuing bank within 120 days to reverse the payment. To ensure you get your money back soundly, provide the bank with all relevant data, including any chats with the fraudsters.

Wire transfers can be reversed through a recall, but this is only effective if the transaction has not been completed, so you need to act quickly.

Customer Support

BitcoinEra’s customer support is extremely poor. There is no direct email address or contact number available. Users can only fill out a web contact form, making direct interaction almost impossible—an ideal situation for scammers.

The lack of live chat, email, or phone support is a major red flag. This non-existent customer support is another compelling reason to avoid this platform.

Key Information To Consider About BitcoinEra

BitcoinEra is an affiliate scam mainly targeting traders and investors from the UK, Germany, Italy, Romania, and Mexico. Four regulatory authorities have taken online to issue warnings against the website. There’s no legitimate software behind this business, so stay away.

The website is designed to deceive unsuspecting visitors. It aims to collect personal information so that the tricksters can rob you of your hard-earned funds. Therefore, we strongly recommend that you stay away from anonymous providers.

If you have fallen victim to the BitcoinEra scam, please book a free consultation with Scam Brokers Reviews and tell our team how it happened. As mentioned, our professionals can help you recover your funds. Use the form below to set up an appointment.

Book a free consultation and get your money back.

FAQ Section

What is BitcoinEra?

It’s an anonymous website, not a legitimate trading company. It shamelessly claims to be a real affiliate campaign.

Is BitcoinEra Legit?

No, the platform is not the real deal. Please avoid sending them any money or information.

Can I Trust BitcoinEra App With My Money?

No, please do not trust them. This affiliate hoax appears on multiple regulatory warning lists.

The scam industry is a well developed ecosystem of various bogus companies, each having their own distinct purpose in the grand scheme of things. They may take the form of fake regulators, payment facilitators or advertising venues.

The one we’re taking a look at today in our Quantum Pro 360 review functions as a data collection agency. It works by collating the information from interested traders, and selling them off to other fraudsters for financial gains.

Illegal Data Collection Agency

Generally speaking, affiliate campaigns are not a regulated business sector. They mostly act as an intermediary, advertising the services of a financial firm, and making the connection between the service provider and the client. 

That’s how it should work in a lawful and transparent business environment, anyway.

When we examine a fraudulent affiliate campaign, however, the operation changes drastically. These entities are data collection powerhouses, phishing their marks for sensitive information before directing them to an unlicensed business to get ripped off. The data is then sold elsewhere for additional profits.

The Quantum Pro 360 scam in particular runs numerous parallel websites in order to boost efficiency. The relatively large online presence it is creating has caught the attention of the authorities, which have placed the firm on a regulatory blacklist.

The financial regulators to issue a public warning about this dangerous entity include CNMV, CONSOB, FI, AFM and IOSCO. The attached website link is currently non-functional, as the swindlers have hastily shut down the website to avoid further attention.

How Fake Affiliates Work

All of the scam websites from the group are a recent development. The oldest of them is the quantumpro360.org which dates back to December 2022.

The bogus affiliate campaign mostly targets investors from these nations:

• United Kingdom
• United States
• Denmark
• Germany
• Italy

In order to create a large online presence, the campaign relies on abusing the web search algorithms. The site creators have made sure to flood their website with keywords, which appear numerous times in every variation. 

This more or less guarantees a hit with at least one website if a user looks up certain words in search engines. The relatively large variety of visually different websites is intended to confuse the victims, and as a result no notable Quantum Pro 360 reviews can be found online.

Costs Not Disclosed

The Quantum Pro 360 AI scam never mentions any costs related to their service. While genuine affiliate campaigns working for a regulated broker usually earn profits through referral commissions and such, it is not the case with fraudsters.

Many times, the con artists will claim to offer a free service only to get you to sign up. As the account creation process requires information like phone number and email, the fraudsters may soon harass you to pay one fee or another. This is a common strategy used by agents of the BitcoinEra fraud.

What the Site Offers

It remains unclear on what the Quantum Pro 360 crypto hoax actually tries to sell. Some websites say that it’s the privilege of being connected to an industry leading broker, while others offer one alleged AI tool or another.

The affiliated financial service itself varies significantly – it may include brokers, exchanges or investment firms. The disparity of information and the ensuing confusion is by design, a method other con artists like Solidus Markets use as well.

Advertised Trading Platform

The website offers trading through MetaTrader 5, which is strange considering the company never provides any trading itself. Of course, MT5 is an industry standard software, but considering that the potential clients are connected to an unregulated brokerage the software may not be genuine.

Unlicensed brokers and exchanges are known to provide fake market data in order to make their investors lose on every speculation. Mentions of a Quantum Pro 360 bot are thrown around as well, but never elaborated on.

Unclear Asset Selection

There are numerous claims of different assets being available, which is strange considering there is no Quantum Pro 360 app to trade on in the first place.

Advertised instrument types include your most popular Forex, cryptocurrencies, stocks, commodities and indices. Many scammers will offer a diverse set of assets to captivate the attention of their victims, but offer very little the app.

Allegedly Free Accounts

On the surface level, any Quantum Pro 360 login account is free of charge, and anyone can create one. Although the company itself does not accept deposits, they made sure to urge their clients to invest at least $250 with the faux broker they’re directed to.

This is the minimum investment threshold required by the broker in order for the affiliates to be eligible for a commission payment.

Withdrawals Not Provided

The firm is adamant that any payments they require shall not be regarded as deposits. Instead, they are fees resulting from the use of technological solutions, man work hours and similar other provided services.

Since this is the case, any paid amount is non-refundable, the company says. Likewise, their sites do not feature a withdrawal option, as there are no earnings to be made.

While this excuse works with the affiliate campaign itself, it does not reflect what the broker would offer or require. This is why it’s best to do your diligence before committing any funds with a financial service.

Lack of Customer Support

The site operates as a standalone product, with nearly all of its functions being completely automated. The company does provide an email to which potential clients may write to in case they need support. Unfortunately, the messages get bounced back, and you really have nobody to complain to once you encounter any issue.

What Can You Do to Get Your Money Back

This affiliate campaign does not disclose which brokers they are partnered with. Knowing how these fraudulent platforms operate, the partnered company is most likely an unlicensed entity.

While the firm never features any withdrawal options, there are still ways by which you may get your money back. We offer help in recovering funds lost on various online financial scams. You may reach us around the clock by using the live chat on our site.

FAQ Section

What is Quantum Pro 360?

It is a series of online hoax websites that allegedly connect the traders to the best brokers or exchanges in the business.

Is Quantum Pro 360 Legit?

No, numerous financial regulators have issued outstanding warnings about this dangerous online fraud.

Can I Trust Quantum Pro 360 With My Money?

No, never trust anonymous companies! IIn the case you have already invested, use the live chat on our site to book a consultation with our recovery team.

Investing with any online company is a risky business, but having your funds handled by an unauthorized broker is a recipe for a financial disaster. The online business we’re taking a look at today never intended to allow users to withdraw any of the alleged profits on their platform.

Follow our MorganStern review as we get to the bottom of this fraudulent scheme, and debunk it for what it really is!

Imposter in Plain Sight

A firm as anonymous and as dishonest as the MorganStern broker uses all kinds of lies to appear legitimate. In this case, the fraudsters are impersonating a reputable company by claiming to be headquartered in the UK. However, Morgan Stern Ltd, the owning company, isn’t regulated by the UK’s leading financial authority – FCA.

The Financial and Consumer Affairs Authority of Saskatchewan (FCAA) has detected fraudulent practices of this conduct and has issued a warning against them. As the document clarifies, the business is not licensed to engage in selling securities or derivatives in Canadian province.

Besides not providing the mandatory fund safety, compensation options and risk-reducing terms, these swindlers outright steal all deposits and disappear.

Con Scheme Explained

The morganstern.io website has been operating since January 2023, targeting mostly people from the following areas:

• Canada
• Netherlands
• Germany

The short lifespan of the platform does not excuse the lack of any MorganStern reviews to be found online. Legit brokers are usually heavily advertised on various platforms and gain traction quickly.

This tells us that the firm we’re discussing is a clandestine operation, and that it contacts potential victims directly. It employs various smooth talkers to constantly look for new marks and pester them for investment by phone. Any invested money, however, only ends up stolen. It may be recovered, though, so contact our expert team.

Trading Costs Reflect Risks

With the MorganStern login being impossible to register at the time of writing this review, we couldn’t verify what the actual trading terms were. 

The web presentation promoting various investment plans revealed that the highest leverage available was over 1:100 but the precise parameter wasn’t shown. Invest AZ is regulated and despite that offers similar conditions, so beware of seemingly legit deals, as well.

Furthermore, trading costs also remain unclear and vary from 1% to 0 for more expensive accounts. The commission broker charges on unclarified service also ranges from 5% down to 1%. It remains unclear what sum is deducted and for what cause.

Can You Make Money Here?

This firm apparently offers online trading possibilities but also investment opportunities. That’s according to their words and a self-proclaimed status of a world’s leading online trading portal. The truth is shockingly different, but our unbiased review will bring you clarity about the actual state of things on this dubious site and its services.

Non-Downloadable Software

If you want to preview the MorganStern app, you can simply go to the trading room and explore it without registering. However, there’s nothing much to see there, as there’s just a list of instruments and an unmoving graph without a single active button. 

We saw several links to online stores on the site, so we decided to test the functionality of the software that way. However, both the link to the Google Play and App Store leads to a non-existent page, with a promise that this remarkable software will be launched soon.

Unimpressive Assets List

Range of instruments available for trading on this platform is not particularly exceptional. Especially having in mind that popular brokerage conglomerates tend to offer thousands of tradable products. 

This site is blacklisted and shady, so it remains questionable if anything could be traded at all. Here’s the list of alleged asset groups available:

• Cryptocurrencies – BTC, ETH, XRP, ADA
• Stocks – Ferrari, Coca-Cola, AstraZeneca
• Commodities – Cotton, Coal, N. Gas
• Forex – EUR/USD, USD/GBP, USD/AUD
• Indices – Nasdaq, Dow Jones, Nikkei

Familiar Account Types

The MorganStern account types are nothing we haven’t seen with other fraudsters like FusionTrade. They are so-called tiered accounts, which allegedly offer benefits like higher leverage with higher deposits.

These all serve as a basis to ask for additional deposits over time, by promising better investment returns. Here’s an overview of minimum funding:

• Bronze – $5,000 – 8-9% monthly ROI
• Silver – $25,000 – 10-12% monthly ROI
• Gold – $100,000 – 15% monthly ROI
• Platinum – $1,000,000 – 20-25% monthly ROI

Undefined Withdrawal Conditions

The company never mentions any funding channels, or any conditions for payout. The Terms & Conditions document is only a few pages long, and never discusses any MorganStern withdrawal policy.

We can commonly see similar strategies employed by other con artists. The lack of any clearly defined procedure allows the swindlers to change the conditions on a whim in order to put more pressure on their victims.

One of the widespread strategies is the up-front fee, which is a follow up scam that revolves around extorting the victim for additional funds before allegedly approving a payout. Of course, any profits are completely fictitious, and this all ends with the mark losing even more money.

24/5 Customer Service? Not Likely

Every investment firm likes to brag about having the fastest, diligent and most supportive assistance office. However, inquiring about the issue that didn’t allow us to create an account has left us without a response. There’s only an option to fill an online form or request a callback and it looks like neither works.

Seek Help With Chargeback!

It is widely known that financial criminals persist because the victims often choose to remain silent and not speak up or report the harm that’s been done to them. Therefore, we encourage all our audience to stop hesitating and reach out to our professional chargeback team. 

Right after reporting the MorganStern scam to the relevant authorities, contact us for legal support with chargeback procedure. It’s only over when you give up. So contact us, book your free consultation and get your funds back!

FAQ Section

What is MorganStern?

MorganStern is a false brokerage and investment platform that doesn’t offer any valuable service and doesn’t have a permit to engage in selling derivatives.

Is MorganStern Legit?

No and there’s proof of it. After all, there’s no firm under this name in the FCA register and the conduct is also blacklisted in Canada.

Is It Possible to Request MorganStern Withdrawal?

No, the company does not feature a withdrawal option. It is possible, however, to start legal action to have your funds reimbursed, so contact our representatives for more info.