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Pivot Investing Review 2024: Is Pivot Investing a Scam or Legit?

The rise of scammers acting as trustworthy brokers is a major problem in the world of online trading and investing. Due to this, we face countless types of scams such as Forex Scams, Cryptocurrency Scams, Romance Scams, Binary Trading Scams, CFD Scams, and many more.  A thorough investigation is necessary on the suspected fraudulent acts that have brought Pivot Investing to light recently. We aim to provide a fair evaluation with verified facts and data from reliable and trustworthy sources through our thorough Pivot Investing review.

Pivot Investing Website – https://pivotinvesting.com/

Website Availability – YES

Address shown – Brand Istanbul Park, Beylikduzu, Istanbul, TURKEY

Warned By – Financial Conduct Authority (UK)

Domain Age of Pivot Investing

1. Domain Name: PIVOTINVESTING.COM
2. Registry Domain ID: 2740922994_DOMAIN_COM-VRSN
3. Registrar WHOIS Server: whois.name.com
4. Registrar URL: http://www.name.com
5. Updated Date: 2023-11-22T09:49:22Z
6. Creation Date: 2022-11-26T10:24:40Z
7. Registry Expiry Date: 2024-11-26T10:24:40Z

Key indicators that indicate whether Pivot Investing is a scam

According to its website, Pivot Investing is a brokerage platform that provides a variety of investing options in a number of sectors, such as stocks, cryptocurrencies, and forex. This platform appeals to those who want to increase their wealth through trading because of its elegant design and high return guarantees. It is noteworthy that this platform is not subject to regulation by the relevant financial authorities. A warning on this broker was released by the Financial Conduct Authority (FCA), claiming that although we do not authorize this firm, it has been contacting people under the guise of an authorized firm. To try to trick customers into thinking their organization is legitimate, these scammers replicate the information of companies we approve. They could provide other fictitious information, such as firm reference numbers, email addresses, phone numbers, and postal addresses.

Unfavorable fraud complaints and negative Pivot Investing reviews

According to Pivot Investing Review, a scam broker may be recognized by the number of negative reviews and scam reports from clients and business associates. The number of negative reviews and reports of fraud involving Pivot Investing causes doubt in the minds of potential investors. Several allegations of financial losses, unethical behavior, and fraudulent tactics cast doubt on the company’s validity. Before entrusting any brokerage business with its assets, potential customers should research the firm and go through other people’s experiences.

Investors should take negative reviews and fraud complaints linked to Pivot Investing seriously, as these occurrences could point to possible dangers and problems that might harm their financial interests. It’s essential to continue being informed and watchful to safeguard your financial interests.

How to Guard Your Investments Against Fraud

Although trading in financial markets such as cryptocurrency, binary options, and forex may be profitable, hazards such as the possibility of coming across dishonest brokers are involved. A proactive and vigilant strategy is necessary to safeguard your investments against fraudulent businesses and frauds such as Pivot Investing . When interacting with questionable brokers, take into account the following precautions:

• Before engaging a broker, do extensive research on the broker’s legitimacy. Investigate licenses, regulatory status, and track record.
• Check online Pivot Investing reviews, forums, and social media platforms for feedback and experiences shared by other traders. This can provide valuable insights into the broker’s reputation and reliability. You can also check our list of scam brokers 2024.
• Only choose brokers that are properly regulated and licensed by recognized financial authorities.
• Ensure the broker has a physical address and contact details that can be verified.
• Read through their terms and conditions, privacy policy, and risk disclosures to understand their policies and procedures.
• Evaluate the broker’s customer support services before opening an account. Prompt and efficient customer support is essential for addressing queries, concerns, and issues.
• Be wary of brokers that make extravagant promises, such as guaranteed profits or high returns with minimal risk.
• Remember that trading involves inherent risks, and no broker can guarantee consistent profits.
• Review the broker’s withdrawal policies and procedures. Ensure they provide clear and straightforward processes for withdrawing funds.
• Don’t rush into decisions. Take the time to evaluate all aspects of a broker’s legitimacy and make an informed choice.

Traders can lessen their risk of falling victim to Pivot Investing or other scams and preserve their financial assets by following the above-mentioned suggestions and keeping cautious. Keep in mind that extensive research and due investigation, such as reading a Pivot Investing review, are critical to ensure a safe and dependable trading experience.

Pivot Investing Review: Pivot Investing Scam Conclusion

As the Pivot Investing Review indicates, there are solid indications that Pivot Investing may be a scam, and these worries are tough to dismiss given the characteristics and facts that are often associated with fraudulent organizations. Traders and investors should exercise great caution when selecting a broker, choosing a reputable, licensed, and regulated organization. Ensuring the legitimacy of a broker, seeking objective assessments, and conducting thorough research are all essential measures in preventing fraud and monetary losses.

Victimized by the Pivot Investing scam? Get your lost money back!

Get a Free Consultation

If you are the one who got scammed by Pivot Investing or other fraud, the best solution recommended for getting your lost money back is Report Scam Community

We are one of the few legit recovery assistance and Chargeback organizations that are concerned with a victim’s recovery from losses. We are a committed team of Recovery specialists who have already helped hundreds of scam victims in recovering their lost money. Report Scam provides free consultation and anyone can register by filling out a very short complaint form.

Also, to prevent yourself from scams like – Forex scams, Binary scams, Romance/Dating scams, Cryptocurrency scams, or any other scams, you should pick a broker or company regulated by some major regulators like FCA, FINMA, SEC, FMA, ASIC, etc. Check the Scam Broker Reviews 2024, Scam Broker Reviews 2023, and Scam Broker Reviews 2022 we have published to check if your broker is a scam or a legit broker.

Read about Chargebacks

To read more about Scam Brokers and their Reviews, Visit Scam Brokers 2024 Page to avoid Cryptocurrency trading scams, Forex trading scams, or other online scams.

Note: The Pivot Investing review written above is influenced by the other Pivot Investing reviews already on the web. We are not liable for any legal action from the Pivot Investing company. In case of any query please mail us at info@reportscam.net.

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Capitol Gardens ICAV Review 2024: Is Capitol Gardens ICAV a Scam or Legit?

The rise of scammers acting as trustworthy brokers is a major problem in the world of online trading and investing. Due to this, we face countless types of scams such as Forex Scams, Cryptocurrency Scams, Romance Scams, Binary Trading Scams, CFD Scams, and many more.  A thorough investigation is necessary on the suspected fraudulent acts that have brought Capitol Gardens ICAV to light recently. We aim to provide a fair evaluation with verified facts and data from reliable and trustworthy sources through our thorough Capitol Gardens ICAV review.

Capitol Gardens ICAV Website – https://www.capitolgardensicav.com/

Website Availability – YES

Address shown – 32 MOLESWORTH STREET, DUBLIN, Ireland, D02 Y512, DUBLIN

Warned By – Central Bank of Ireland (Ireland)

Domain Age of Capitol Gardens ICAV 

Key indicators that indicate whether Capitol Gardens ICAV is a scam

Capitol Gardens ICAV promises to give your family the best financial solutions available and to assist you in achieving financial independence by offering professional financial services and investment advice. But under the surface of legitimacy, there is a complex network of dishonesty and manipulation. This broker was the subject of a warning from the Central Bank of Ireland (Ireland), which stated that the company is not permitted to offer investment services, continue operating as an ICAV, or offer any other financial services in Ireland. The company attempted to mislead customers by cloning the details of a Central Bank-authorized company and posing as Capital Gardens ICAV, the real company. Notice that there is absolutely no relationship of any kind between the fake entity and the company that the Central Bank has authorized.

Unfavorable fraud complaints and negative Capitol Gardens ICAV reviews

According to Capitol Gardens ICAV Review, a scam broker may be recognized by the number of negative reviews and scam reports from clients and business associates. The number of negative reviews and reports of fraud involving Capitol Gardens ICAV causes doubt in the minds of potential investors. Several allegations of financial losses, unethical behavior, and fraudulent tactics cast doubt on the company’s validity. Before entrusting any brokerage business with its assets, potential customers should research the firm and go through other people’s experiences.

Investors should take negative reviews and fraud complaints linked to Capitol Gardens ICAV seriously, as these occurrences could point to possible dangers and problems that might harm their financial interests. It’s essential to continue being informed and watchful to safeguard your financial interests.

How to Guard Your Investments Against Fraud

Although trading in financial markets such as cryptocurrency, binary options, and forex may be profitable, hazards such as the possibility of coming across dishonest brokers are involved. A proactive and vigilant strategy is necessary to safeguard your investments against fraudulent businesses and frauds such as Capitol Gardens ICAV. When interacting with questionable brokers, take into account the following precautions:

• Before engaging a broker, do extensive research on the broker’s legitimacy. Investigate licenses, regulatory status, and track record.
• Check online Capitol Gardens ICAV reviews, forums, and social media platforms for feedback and experiences shared by other traders. This can provide valuable insights into the broker’s reputation and reliability. You can also check our list of scam brokers 2024.
• Only choose brokers that are properly regulated and licensed by recognized financial authorities.
• Ensure the broker has a physical address and contact details that can be verified.
• Read through their terms and conditions, privacy policy, and risk disclosures to understand their policies and procedures.
• Evaluate the broker’s customer support services before opening an account. Prompt and efficient customer support is essential for addressing queries, concerns, and issues.
• Be wary of brokers that make extravagant promises, such as guaranteed profits or high returns with minimal risk.
• Remember that trading involves inherent risks, and no broker can guarantee consistent profits.
• Review the broker’s withdrawal policies and procedures. Ensure they provide clear and straightforward processes for withdrawing funds.
• Don’t rush into decisions. Take the time to evaluate all aspects of a broker’s legitimacy and make an informed choice.

Traders can lessen their risk of falling victim to Capitol Gardens ICAV or other scams and preserve their financial assets by following the above-mentioned suggestions and keeping cautious. Keep in mind that extensive research and due investigation, such as reading a Capitol Gardens ICAV review, are critical to ensure a safe and dependable trading experience.

Capitol Gardens ICAV Review: Capitol Gardens ICAV Scam Conclusion

As the Capitol Gardens ICAV Review indicates, there are solid indications that Capitol Gardens ICAV may be a scam, and these worries are tough to dismiss given the characteristics and facts that are often associated with fraudulent organizations. Traders and investors should exercise great caution when selecting a broker, choosing a reputable, licensed, and regulated organization. Ensuring the legitimacy of a broker, seeking objective assessments, and conducting thorough research are all essential measures in preventing fraud and monetary losses.

Victimized by the Capitol Gardens ICAV scam? Get your lost money back!

Get a Free Consultation

If you are the one who got scammed by Capitol Gardens ICAV or other fraud, the best solution recommended for getting your lost money back is Report Scam Community

We are one of the few legit recovery assistance and Chargeback organizations that are concerned with a victim’s recovery from losses. We are a committed team of Recovery specialists who have already helped hundreds of scam victims in recovering their lost money. Report Scam provides free consultation and anyone can register by filling out a very short complaint form.

Also, to prevent yourself from scams like – Forex scams, Binary scams, Romance/Dating scams, Cryptocurrency scams, or any other scams, you should pick a broker or company regulated by some major regulators like FCA, FINMA, SEC, FMA, ASIC, etc. Check the Scam Broker Reviews 2024, Scam Broker Reviews 2023, and Scam Broker Reviews 2022 we have published to check if your broker is a scam or a legit broker.

Read about Chargebacks

To read more about Scam Brokers and their Reviews, Visit Scam Brokers 2024 Page to avoid Cryptocurrency trading scams, Forex trading scams, or other online scams.

Note: The Capitol Gardens ICAV review written above is influenced by the other Capitol Gardens ICAV reviews already on the web. We are not liable for any legal action from the Capitol Gardens ICAV company. In case of any query please mail us at info@reportscam.net.

The financial market is a vast and popular place. People trade 24/7 from all over the world; for many, this is an excellent opportunity for some additional income. However, not every brokerage will follow the rules. Read the full article and learn how to avoid scammers. In this detailed Capital Forex Live review, we will raise some serious red flags about this company.

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Is Capital Forex Live a Secure And Regulated Platform? 

Capital Forex Live is a Forex international investment and trading company. They are based in London, UK. Or so we’re told.

On their website, a claim says that Capital Forex Live broker is licensed by “CAC Nigeria.” Why would a Nigerian regulator license a UK-based company? Red flags are everywhere.

So to answer the question – no. This company is not a regulated corporation. Your funds are not safe and you should, by all means, avoid this broker.

Furthermore, we strongly urge you to stay away from DGTL Trade, BullCFDs, and Amplixx fake brokers.

How Unsafe Is An Unlicensed Broker?

License is what makes the client’s money segregated from the company’s money. This is just one of many protective measures companies take. 

On the other hand, if the broker is not working under reliable regulation, there is a big chance that you will end up as a victim of fraud since there is no one who can overlook the transactions. You risk losing everything.

How Reliable Is Capital Forex Live Broker?

Capital Forex Live is allegedly a UK-based trading company. The broker is not regulated and we have no real idea about the owner. The consumer index is 1, meaning low trust score.

Traders’ Experience With Capital Forex Live

As expected, Capital Forex Live reviews are not positive. Since the firm is not regulated or UK-based, many issues exist. Most customers ended up without the possibility of getting their funds back. If you recognize yourself in this story, it’s time to seek help.

Capital Forex Live Trade Offers MetaTrader 5 Platform – Is This True?

The only thing you’re getting on the website is a link for the software download. The software is available on Desktop, iOS, and Android devices. After the installation is done, you will see the MetaTrader 5 (MT5). But there is a catch, and it’s not a good one. The broker is not providing credentials for logging into a trading server. You might think it’s a Demo account option, but the option is disabled. You’re downloading non-functional software. What a delight! Capital Forex Live furthermore offers nothing and not only in terms of a trading platform.

All About Capital Forex Live – A Bit About Accounts and Withdrawal Fees 

There are three types of accounts with Capital Forex Live: 

• Starter – $20
• Premium – $30
• Professional – $100

Each account type has different entry fees. The minimum amount for a deposit is $20. Don’t let this trick you because even if the deposit amount is low, the costs for a withdrawal are high. You cannot send a withdrawal request until you pay alleged bank taxes. This is just one way a company uses to keep your money away from you.

Capital Forex Live Range of Trading Instruments & Market Conditions

Here, we can’t say much. The firm doesn’t list available trading assets and we cannot access the platform for information.

Besides, there’s nothing about fees, spreads, or leverage. It looks like once you deposit the money, this firm will simply vanish without giving you an opportunity to trade.

What Payment Methods Does The Broker Accept?

Before you register an account, everything is possible; the range of payment methods is broad and includes:

• credit cards, 
• cryptocurrencies, and 
• E-wallets 

But is that true? After registering an account, the only way to deposit is through cryptocurrencies. Why is this alarming? These transactions are much harder to trace, which is very convenient for scamming brokers. Don’t be a victim of this firm.

Also, remember the names of the trading frauds CFD Capital, DakkenGroup, and ZuluTrade trading scams and avoid them at all costs! Furthermore, before investing, always check the background of internet trading organizations!

Capital Forex Live Broker – Countries Of Service

The Capital Forex Live trading broker operates with clients from:

• United States
• France
• India
• United Arab Emirates 

Scammed by Capital Forex Live Broker? – Let Us Hear Your Story

The worst has already happened. Your money went missing and Capital Forex Live is not responding to your calls or emails. Unfortunately, situations like these happen just too often. There is something you can do – reach out to us. We can help you get your money back through a chargeback.

But What Is A Chargeback?

A chargeback is a way for your bank to recover the funds directly from the merchant. Contact us via online chat today and let’s start before it’s too late. 

What Is Capital Forex Live?

Capital Forex Live is a Forex trading company allegedly based in the UK.

Is Capital Forex Live a Scam Broker?

Yes, it’s a scam! No reliable regulatory body does not regulate the company.

Is Capital Forex Live Available in the United States or UK?

Capital Forex Live is available for both citizens of the USA and UK.

Does Capital Forex Live Offer a Demo Account?

This firm does not offer a Demo account. This option is disabled.

After getting blacklisted in Hong Kong, where the company claimed to operate, the website disappeared without any prior notice. As it appears, the Bitforex exchange owners decided to withdraw all 57 millions, how much was deposited there, and shut their website down. 

Since thousands of users were left broke and robbed, this Bitforex review is here to present potential solutions to your withdrawal issues.

Illicit and Blacklisted

The Bitforex website has existed for a long while, but did not become particularly active until the other half of 2018. Allegedly registered in Hong Kong, this false exchange has never obtained the necessary license as a virtual asset service provider in their jurisdiction. As a matter of fact, they were blacklisted by one of the most diligent financial authorities in the world – SFC. 

About a month before that, Jason Luo, the current CEO at the time, decided to step down from his position and leave the firm. That was probably the first warning sign.

After that, the website owners decided to quickly withdraw users’ assets and shut down the exchange altogether. According to the first Twitter post that addressed this sudden turn of events, a total of 56.6 million dollars were stolen. Left without any hope for withdrawing their funds, users are outraged. 

This is yet another example of a huge crypto robbery, so we recommend you always make sure your service provider is the best possible regulated one.

Social Network Propaganda

The bitforex.com domain itself might have been created in 2013, but it did not host a crypto exchange prior to 2017. Financial swindlers commonly purchase older domains in order to cover up the true age of their firm.

The majority of website visitors are from one of these countries:

• United States
• Brazil
• United Kingdom
• Germany

Much of the recruitment to the platform happened through one of the myriad social network channels the company operates. This included, for instance, two separate Instagram profiles, both claiming to be official.

There are also Facebook, X, Reddit and YouTube social media accounts, as well as LinkedIn and CrunchBase pages, but it doesn’t end there. The firm also operates a Telegram chat room, and is listed on CoinMarketCap and CoinGecko.

Low Client Satisfaction

Tens of thousands of traders have lost their access to the exchange, and any funds that might have been deposited. This is reflected in the Bitforex reviews we found on popular platforms like Reddit, TrustPilot and SiteJabber.

Unfortunately, it wasn’t all sunshine and butterflies even before the great rug pull. Many of the clients complained about exorbitantly high fees, as well as the company inventing various reasons to deny a payout.

You wouldn’t encounter these sorts of issues while trading with a regulated exchange such as Paybis. If you believe you’ve invested with an online scam, contact our legal experts to start a recovery procedure.

Industry Average Fees

When it came to spot trading, Bitforex fees charged were 0.10%. As for trading contracts, Taker/Maker fees started at 0.06% and 0.04%. While depositing crypto was free of charge, all withdrawal requests included a commission that had to be paid during the transaction. 

It, however, slightly differed depending on the currency chosen. For Bitcoin withdrawals, taxes were 0.0005 BTC, which was what the majority of crypto exchanges also charged. According to user reports from Sitejabber, however, hidden fees also existed and they were ruthless.

Referral Bonus and Bug Bounties

Functioning as a typical Ponzi scheme, this scam crypto portal tried to motivate existing users to bring in new victims. They did so by offering commission rewards from the fees paid by their affiliates. The percentage varied, depending on the number of referrals. Another way to gain users’ interest and trust was through rewarding bug reports.

All in all Mediocre Features

There was nothing particularly breathtaking about this textbook fraudulent exchange. Their simplistic web app didn’t quite instill trust, that’s for sure. The number of available assets was somewhat average, as well. The biggest problem, as it appears, was definitely lack of regulatory oversight and poor security.

Simplistic Web App

Somewhat comprehensive and intuitive, the web platform was mainly used for trading spots and futures. However, due to the trading server not being a legitimate one, making profit was extremely risky. 

Depositing funds on such shady portals usually ends in cyber thievery, so beware of the similarly operating firms, especially 24k Markets. Another software solution that was offered was MT5, which was additionally alluring to all investors.

Mobile Software Still in Stores

Although no longer present in the App Store, the Bitforex app can still be found on the Google Play website. The software has actually been downloaded more than 100k times. However, according to the newest user reviews, everyone is facing issues, especially with fund retrieval. 

List of Coins

Total number of available coins is no longer available. The exchange evidently offered the purchasing options for all major coins. Some of the examples are BTC, ETH, LTC, DOT, DOGE, XRP, OMI.

Single Trading Account

The company featured a single account archetype, with no variations or benefits for different clients. The basic Bitforex login account could be used to generate another trading account for MT5.

While this situation is not much different from legit exchanges, industry leading firms usually implement various VIP levels for high volume traders.

Constant Withdrawal Problems

Bitforex withdrawal was said to take up to 2 hours to process, which is of little comfort for the clients that got outright stonewalled by the company. Payouts were all done via crypto transfers, and include various coins like BTC, ETH, DATA, LYM and some others.

It’s important to note that the majority of Ponzi and rug pull schemes will allow you to withdraw a limited amount of money. If you believe a trading firm is holding back your profits, contact our experts.

Support Center Still Works

Although the website has gone blank, the support desk still seems active. That, unfortunately, doesn’t help the victims much, when no withdrawal options were left. Users can still, however, submit requests for assistance, if that helps. We believe not, sadly. 

How to Get Money Back From These Swindlers

This faux exchange bided its time in waiting for the opportune moment to execute their foul strategy. While the site was operational, nothing ever denoted that the exchange was on shaky legs, until the big rug pull happened.

Many con schemes use similar strategies to steal from their clients, which is exactly why you should double-check company regulation. If you’ve invested with an unlicensed firm, contact our experts as soon as possible in order to start asset recovery procedure.

FAQ Section

What is Bitforex?

Bitforex was a fake, offshore exchange that was shut down recently after a huge user rip off.

Is Bitforex Legit?

No, the firm has never acquired the mandatory licenses for any of their activities. SFC has them blacklisted.

Is Bitforex a Good Exchange?

After stealing over 56 million in crypto assets, they sure aren’t. Contact us for help with money retrieval.

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Solium Capital Review 2024: Is Solium Capital a Scam or Legit?

The rise of scammers acting as trustworthy brokers is a major problem in the world of online trading and investing. Due to this, we face countless types of scams such as Forex Scams, Cryptocurrency Scams, Romance Scams, Binary Trading Scams, CFD Scams, and many more.  A thorough investigation is necessary on the suspected fraudulent acts that have brought Solium Capital to light recently. We aim to provide a fair evaluation with verified facts and data from reliable and trustworthy sources through our thorough Solium Capital review.

Solium Capital Website – https://www.solium-capital.com/

Website Availability – YES

Address shown – 

1. 20 Bank Street Canary Wharf
2. London, E14 4AD , United Kingdom

Warned By – Financial Conduct Authority (UK)

Domain Age of Solium Capital 

1. Domain Name: SOLIUM-CAPITAL.COM
2. Registry Domain ID: 2825467441_DOMAIN_COM-VRSN
3. Registrar WHOIS Server: whois.registrar.eu
4. Registrar URL: http://www.openprovider.com
5. Updated Date: 2023-10-29T17:33:49Z
6. Creation Date: 2023-10-29T15:52:34Z
7. Registry Expiry Date: 2024-10-29T15:52:34Z

Key indicators that indicate whether Solium Capital is a scam

According to its website, Solium Capital is a top investment management company that provides a variety of specialized solutions to help you confidently reach your financial objectives. Given that it makes up its name to appear as a Morgan Stanley subsidiary, it may be an elaborate scam. But it turns out to be a copy of the well-known UK-based investment management company Solium Capital UK Limited. Concerning this fraudulent activity, the Financial Conduct Authority (FCA) has issued a warning, claiming that although we do not authorize this firm, it has been contacting people under the pretense of an authorized firm. Solium Capital UK Limited is the legitimate company that possesses the FCA authorization, with Firm Reference Number 584166. Morgan Stanley, 20 Bank Street, London, Tower Hamlets, E14 4AD, United Kingdom is the address of the company’s headquarters. To avoid financial fraud, investors are recommended to confirm information directly through reliable methods.

Unfavorable fraud complaints and negative Solium Capital reviews

According to Solium Capital Review, a scam broker may be recognized by the number of negative reviews and scam reports from clients and business associates. The number of negative reviews and reports of fraud involving Solium Capital causes doubt in the minds of potential investors. Several allegations of financial losses, unethical behavior, and fraudulent tactics cast doubt on the company’s validity. Before entrusting any brokerage business with its assets, potential customers should research the firm and go through other people’s experiences.

Investors should take negative reviews and fraud complaints linked to Solium Capital seriously, as these occurrences could point to possible dangers and problems that might harm their financial interests. It’s essential to continue being informed and watchful to safeguard your financial interests.

How to Guard Your Investments Against Fraud

Although trading in financial markets such as cryptocurrency, binary options, and forex may be profitable, hazards such as the possibility of coming across dishonest brokers are involved. A proactive and vigilant strategy is necessary to safeguard your investments against fraudulent businesses and frauds such as Solium Capital. When interacting with questionable brokers, take into account the following precautions:

• Before engaging a broker, do extensive research on the broker’s legitimacy. Investigate licenses, regulatory status, and track record.
• Check online Solium Capital reviews, forums, and social media platforms for feedback and experiences shared by other traders. This can provide valuable insights into the broker’s reputation and reliability. You can also check our list of scam brokers 2024.
• Only choose brokers that are properly regulated and licensed by recognized financial authorities.
• Ensure the broker has a physical address and contact details that can be verified.
• Read through their terms and conditions, privacy policy, and risk disclosures to understand their policies and procedures.
• Evaluate the broker’s customer support services before opening an account. Prompt and efficient customer support is essential for addressing queries, concerns, and issues.
• Be wary of brokers that make extravagant promises, such as guaranteed profits or high returns with minimal risk.
• Remember that trading involves inherent risks, and no broker can guarantee consistent profits.
• Review the broker’s withdrawal policies and procedures. Ensure they provide clear and straightforward processes for withdrawing funds.
• Don’t rush into decisions. Take the time to evaluate all aspects of a broker’s legitimacy and make an informed choice.

Traders can lessen their risk of falling victim to Solium Capital or other scams and preserve their financial assets by following the above-mentioned suggestions and keeping cautious. Keep in mind that extensive research and due investigation, such as reading a Solium Capital review, are critical to ensure a safe and dependable trading experience.

Solium Capital Review: Solium Capital Scam Conclusion

As the Solium Capital Review indicates, there are solid indications that Solium Capital may be a scam, and these worries are tough to dismiss given the characteristics and facts that are often associated with fraudulent organizations. Traders and investors should exercise great caution when selecting a broker, choosing a reputable, licensed, and regulated organization. Ensuring the legitimacy of a broker, seeking objective assessments, and conducting thorough research are all essential measures in preventing fraud and monetary losses.

Victimized by the Solium Capital scam? Get your lost money back!

Get a Free Consultation

If you are the one who got scammed by Solium Capital or other fraud, the best solution recommended for getting your lost money back is Report Scam Community

We are one of the few legit recovery assistance and Chargeback organizations that are concerned with a victim’s recovery from losses. We are a committed team of Recovery specialists who have already helped hundreds of scam victims in recovering their lost money. Report Scam provides free consultation and anyone can register by filling out a very short complaint form.

Also, to prevent yourself from scams like – Forex scams, Binary scams, Romance/Dating scams, Cryptocurrency scams, or any other scams, you should pick a broker or company regulated by some major regulators like FCA, FINMA, SEC, FMA, ASIC, etc. Check the Scam Broker Reviews 2024, Scam Broker Reviews 2023, and Scam Broker Reviews 2022 we have published to check if your broker is a scam or a legit broker.

Read about Chargebacks

To read more about Scam Brokers and their Reviews, Visit Scam Brokers 2024 Page to avoid Cryptocurrency trading scams, Forex trading scams, or other online scams.

Note: The Solium Capital review written above is influenced by the other Solium Capital reviews already on the web. We are not liable for any legal action from the Solium Capital company. In case of any query please mail us at info@reportscam.net.

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Noma Capital Review 2024: Is Noma Capital a Scam or Legit?

The rise of scammers acting as trustworthy brokers is a major problem in the world of online trading and investing. Due to this, we face countless types of scams such as Forex Scams, Cryptocurrency Scams, Romance Scams, Binary Trading Scams, CFD Scams, and many more.  A thorough investigation is necessary on the suspected fraudulent acts that have brought Noma Capital to light recently. We aim to provide a fair evaluation with verified facts and data from reliable and trustworthy sources through our thorough Noma Capital review.

Noma Capital Website – https://nomacapital.pro/

Website Availability – YES

Address shown – NA

Warned By – Autorité des marchés financiers (Quebec)

Key indicators that indicate whether Noma Capital is a scam

Noma Capital has been looked at as a potential scam because of its unregistered company methods and lack of a confirmed address. Customers are given access to a terminal that offers expedited order execution, which is a common ploy for fraudulent schemes. Furthermore, by advising against it, the Autorité des marchés financiers (Quebec) notifies investors of potential risks. The importance of conducting due diligence before doing business with any financial service provider is underscored by official alerts and the absence of regulatory oversight. When there is a lack of clear information and legal compliance, it is especially crucial to exercise vigilance to avoid falling victim to fraudulent activities.

Unfavorable fraud complaints and negative Noma Capital reviews

According to Noma Capital Review, a scam broker may be recognized by the number of negative reviews and scam reports from clients and business associates. The number of negative reviews and reports of fraud involving Noma Capital causes doubt in the minds of potential investors. Several allegations of financial losses, unethical behavior, and fraudulent tactics cast doubt on the company’s validity. Before entrusting any brokerage business with its assets, potential customers should research the firm and go through other people’s experiences.

Investors should take negative reviews and fraud complaints linked to Noma Capital seriously, as these occurrences could point to possible dangers and problems that might harm their financial interests. It’s essential to continue being informed and watchful to safeguard your financial interests.

How to Guard Your Investments Against Fraud

Although trading in financial markets such as cryptocurrency, binary options, and forex may be profitable, hazards such as the possibility of coming across dishonest brokers are involved. A proactive and vigilant strategy is necessary to safeguard your investments against fraudulent businesses and frauds such as Noma Capital. When interacting with questionable brokers, take into account the following precautions:

• Before engaging a broker, do extensive research on the broker’s legitimacy. Investigate licenses, regulatory status, and track record.
• Check online Noma Capital reviews, forums, and social media platforms for feedback and experiences shared by other traders. This can provide valuable insights into the broker’s reputation and reliability. You can also check our list of scam brokers 2024.
• Only choose brokers that are properly regulated and licensed by recognized financial authorities.
• Ensure the broker has a physical address and contact details that can be verified.
• Read through their terms and conditions, privacy policy, and risk disclosures to understand their policies and procedures.
• Evaluate the broker’s customer support services before opening an account. Prompt and efficient customer support is essential for addressing queries, concerns, and issues.
• Be wary of brokers that make extravagant promises, such as guaranteed profits or high returns with minimal risk.
• Remember that trading involves inherent risks, and no broker can guarantee consistent profits.
• Review the broker’s withdrawal policies and procedures. Ensure they provide clear and straightforward processes for withdrawing funds.
• Don’t rush into decisions. Take the time to evaluate all aspects of a broker’s legitimacy and make an informed choice.

Traders can lessen their risk of falling victim to Noma Capital or other scams and preserve their financial assets by following the above-mentioned suggestions and keeping cautious. Keep in mind that extensive research and due investigation, such as reading a Noma Capital review, are critical to ensure a safe and dependable trading experience.

Noma Capital Review: Noma Capital Scam Conclusion

As the Noma Capital Review indicates, there are solid indications that Noma Capital may be a scam, and these worries are tough to dismiss given the characteristics and facts that are often associated with fraudulent organizations. Traders and investors should exercise great caution when selecting a broker, choosing a reputable, licensed, and regulated organization. Ensuring the legitimacy of a broker, seeking objective assessments, and conducting thorough research are all essential measures in preventing fraud and monetary losses.

Victimized by the Noma Capital scam? Get your lost money back!

Get a Free Consultation

If you are the one who got scammed by Noma Capital or other fraud, the best solution recommended for getting your lost money back is Report Scam Community

We are one of the few legit recovery assistance and Chargeback organizations that are concerned with a victim’s recovery from losses. We are a committed team of Recovery specialists who have already helped hundreds of scam victims in recovering their lost money. Report Scam provides free consultation and anyone can register by filling out a very short complaint form.

Also, to prevent yourself from scams like – Forex scams, Binary scams, Romance/Dating scams, Cryptocurrency scams, or any other scams, you should pick a broker or company regulated by some major regulators like FCA, FINMA, SEC, FMA, ASIC, etc. Check the Scam Broker Reviews 2024, Scam Broker Reviews 2023, and Scam Broker Reviews 2022 we have published to check if your broker is a scam or a legit broker.

Read about Chargebacks

To read more about Scam Brokers and their Reviews, Visit Scam Brokers 2024 Page to avoid Cryptocurrency trading scams, Forex trading scams, or other online scams.

Note: The Noma Capital review written above is influenced by the other Noma Capital reviews already on the web. We are not liable for any legal action from the Noma Capital company. In case of any query please mail us at info@reportscam.net.

The abundance of these small-time scammers advertising revolutionary ways of getting rich is starting to concern us. The broker we’re discussing today is yet another SVG-based scam that we’re here to expose in our VastWealth review.��

All the warning signs are there, wherever you look. Whether you want to get information on their license, or the trading platform, or the environment itself – you can’t. The scarce pieces of info given on the website do not reveal much. These details only serve to disguise the truth of VastWealth being a horrible brokerage altogether.�

On top of already disturbing red flags found all over, there’s even warnings issued against this sham. Nothing could save VastWealth from the conclusion we’re about to draw in the following review – they’re a swindler, through and through.

What Are the Risks Involved When Trading with VastWealth?

Trading at VastWealth is as risky as trading with any other scammer of this caliber. The broker’s location being SVG implies they had no chance of being regulated by the jurisdictional authority – SVGFSA. Vallencio LLC is registered with this entity, but this financial agency doesn’t regulate brokers anymore. So, they couldn’t have a trading license.�

Furthermore, after checking databases of premium regulators like FCA, BaFin, CySEC, ASIC, CNMV and FSMA, we only found the warnings issued.

You should never settle with anything less than a broker with a prestigious license. We always enforce this belief for the sake of your safety as a trader. For example, VastWealth will offer you leverage of up to 1:400 and fake trading conditions to get you to invest and rob you of your funds quicker.�

Regulated brokers cannot do this because the presence of a license and external supervision prevents them from acting the way VastWealth does. Heavily regulated broker dealers have to provide segregated bank accounts as a way of keeping your investments safe. When the broker cannot access your funds, they cannot misuse them like VastWealth openly does.�

Seeing the scarily high leverage of 1:400 will certainly trigger your scammer detection senses. However, there’s always worse. GroupTFM is a similar fraud offering leverage of terrifying 1:600 max.

�Remember that the UK, EEA and AU have leverage capped at 1:30. It’s only slightly higher in the US (1:50), but the general idea remains the same and it serves to prevent quick loss.�

When trading under regulation, you can rely on the financial ombudsman to protect you in case of dispute through a compensation fund. Not with VastWealth, though. This financial swindler will defraud you any way they can and do their best to get away with it unpunished!

The warnings issued on this cyber criminal confirm all our doubts about this dubious broker. Monafoli is another fake brokerage brand also blacklisted by FCA and for a good reason! Take a look what the financial authorities have to say about this fraudulent scheme:

• FCA
• CSA
• CNMV

VastWealth Reviews and Comments

The first warning you’re faced with when visiting the VastWealth page at TrustPilot is the one about fake reviews detected. Apparently, the company pays review-writers that leave positive ratings and evaluations to raise the VastWealth reputation.�

Unluckily for VastWealth, this doesn’t help much in masking their wrongdoings. Most of the customers have an exceedingly negative opinion on this financial services provider. Here is how some of them go:

Vastwealth is a scam investment platform that almost ripped me off of a considerable amount of money. The experience was terrible, and I regretted ever signing up for the platform.[…]

Please please avoid this company, it is a scam, you will never see a penny return.
They WILL keep calling to invest more money, do not fall into their trap, I’m writing from personal experience. AVOID THEM

Total SCAM . Deposit $250 , watch it grow, try and make a withdrawal. Conveniently you can’t access your account. STAY WELL AWAY!

Where Does the Broker Operate? – Countries of Service

VastWealth doesn’t filter their clients much – they just want you to sign up and start investing. The website is only available in English, so you’d assume they mostly target English native speakers. However, the reports show the victims do not just come from the primarily English-speaking areas. The countries where this scam mostly operates are:

• Cyprus
• United Kingdom
• United States

How Does the Scam Work?

Being an unscrupulous scheme of fake foreign exchange demands wearing a certain mask and image. VastWealth builds theirs on fake promises, arrogance and boastfulness. Not only do they claim to be the leading Forex and CFD exchange company, but they also supposedly have the best security systems, 24/7 customer support and unmatched trading conditions.��

Under the excuse of providing the customers with a revolutionary trading environment, VastWealth finds it only justified to boost the prices for their illusory services. We’ll later discuss just how expensive the trading accounts and tools are.�

However, the devoted agents will not reveal this about their company. Their skill lies in the fact that they can convince you these fabrications to be the only truth! With a lot of patience and persistence, boiler room agents at VastWealth can convince you to invest. By the time you get a hunch of something bad going on, the swindler has you dancing in the palm of their hand already.

What Products are Offered?

Under ridiculously high exposure to risk and with undefined, but supposedly lowest spreads on the market, you can trade the following instruments at VastWealth:

• Forex (AUD/USD, EUR/USD, USD/CHF, GBP/USD, USD/JPY)
• Commodities (Gold, Silver, Natural Gas, Crude Oil)
• Crypto (BTC, ETH, XRP, LTC)
• Indices (S&P 500, NASDAQ 100, NIKKEI 225, ASX 200)
• Stocks (Yahoo, Apple, Alibaba, Twitter, Visa, Toyota)

VastWealth Platforms and Accounts

Not surprising in the least, the VastWealth technological solution to your trading demands is not available without an account. Advertised as an “online trading gateway to more accessible, more innovative, safer trading”, this platform sounds like something we’ve all been waiting for.�

However, if it was that rich, revolutionary and innovative, we’d have already heard of it. We highly doubt it could even compare to the stand alone apps like MT4, MT5 and cTrader. The VastWealth webtrader is probably nothing more than bogus software that the swindler easily manipulates and modulates according to their goals.�

Account opening with this insincere broker is not working without a Promo Code. What a shame that we couldn’t witness the greatness of this unscrupulous trading app. What’s even more saddening is the fact that this denied us the opportunity to spend a horrendous $5,000 to buy a starter account.�

Here’s what the packages cost at VastWealth:

• TEST – $5,000 �
• STANDARD – $25,000
• PRO – $100,000
• VIP – $250,000+

Withdrawing Profits From Your Broker Account

Confusion hit us hard with this one. VastWealth allows withdrawals only if the withdrawal amount is over $500,00. After that, the Terms and Conditions doc says: “We do not charge fees for any deposit or withdrawal transaction, but we do not guarantee that all transactions will be free of charge”.�

So, you’re supposedly able to perform transactions without being charged but it’s not guaranteed these wouldn’t cost you anything? At this point, this dastardly scheme only manipulates words and plays mind games with users to find excuses to block payouts.�

We’ve already pointed out that the scammed victims complain about the disturbingly recurring phone calls and email spamming while the cashout is never processed.�

I Was a Victim of the VastWealth Scam, What Should I Do?

Are you suspecting to be the next VastWealth victim? If you’ve invested real cash with this defrauding criminal and the payouts aren’t happening, then your doubts are probably justified. That’s a reason enough to contact our support team instantaneously.�

Describe your problem to us and we’ll offer you useful advice. Not only will it cost you nothing, but you will immediately feel better after sharing your story and experience. Needless to say, your knowledge of this or any other scammer helps us build a strategy to pursue them and alert the authorities in charge of such cases. So, for the sake of regaining your capital, reach out to us today.

How trusted is VastWealth?

VastWealth is not a trusted brokerage, although they claim so. Their statements are all lies and they are not regulated to provide their services. If anything, they’ve actually been blacklisted for their engagement in scams.

Does VastWealth Offer a Demo Account?

As far as the site explains, the broker does not utilize a Demo account for trial trading with risk-free conditions.

Can I Trade Crypto and CFDs With VastWealth?

These are advertised tradable instruments but we cannot confirm or deny if it is true, as the platform-testing wasn’t an option at the time of writing this review. Either way, trading with an unlicensed broker is not profitable however you look at it.

Presented as “representative of the FCA” since 2016, Top-Respect is misleading many clients to believe they are dealing with a legit business. However, we did all we can to expose the fraud and give you exact information. Read our Top-Respect review and check what to do in case you were scammed.

Top-Respect Regulation and Security

Top-Respect is a shady anonymous broker that for sure didn’t deserve any respect. The owner is not explicitly listed, while the broker says it’s a leading company in the FCA market. However, since the FCA is a regulatory body, we are unsure what an FCA market is. We are sure that the broker is not regulated by the FCA or any other authority body.

Since we are dealing with an illicit brokerage, beware of scams.

Warnings From Financial Regulators

Since the broker published on the website an FCA regulation number 163299, of course, this regulatory body reacted. However, the regulation mentioned above belongs to London and Oxford Capital Markets Limited, and this company has no relations with Top-Respect brokerage.

The FCA listed Top-Respect as a clone firm and a fraudulent broker, advising all the citizens that have been scammed to file a complaint immediately.

Fund Withdrawal Issues

Since we are dealing with a broker pretending to be a legit company, do not be surprised to hear you won’t be able to withdraw your money. According to several Top-Respect reviews we found, clients are trying to withdraw for months with no success.

At first, everything sounds thrilling. You might even make some profit. But after you’ve deposited a significant amount, you will not be able to withdraw not your initial investment and not your profit.

Beware of this and do not fall for the Top-Respect scam. Also, stay away from scam brokers such as Zenfinex, MigoTrade, and PatronFX.

How Does Online Trading Scam Work?

Like you can see in the example of Top-Respect, many brokers are advertising something they cannot fulfil. In this particular case, you see a broker registered by the FCA. However, it’s all just an ad — misleading information for you to deposit the money. And once you do, your hard time starts. You might invest more and more, but withdrawing will be nearly impossible.

And the worst part, you have nobody to complain to. There is no regulator and no supervisor. So you need to fight for a refund yourself.

Scammed by Top-Respect?

If you were among many victims of the Top-Respect scam, you would be pleased to hear there is a possibility of getting your money back. First, you need to file a dispute and request a chargeback.

But what is a chargeback? In the likely case that a fraudulent broker scammed you, a chargeback is a way for your bank to return the money and refund your card. For successful chargeback, you need to provide evidence and present your case. Again, the best would be to ask experts for advice.

Contact us via chat, book your free consultations, and let’s get your money back.

What is Top-Respect?

Top-Respect is an online trading platform blacklisted by the FCA.

Is Top-Respect a scam?

The broker is blacklisted by the FCA and has no regulations at all.

Is Top-Respect regulated?

Top-Respect claims to be regulated by the FCA but is blacklisted by this authority body.

Many offshore brokers tend to present themselves as legitimate trading firms. They do that by presenting us with fake regulations and funds protection measures. In reality, once you start trading with those brokers, none of those measures truly exist.

The situation is the same here. That’s why we have this honest SeguroFX review to present you with key disadvantages this broker has, the ones they use to present as advantages.

Legal info: Is SeguroFX Legit or A Scam?

In the first place, SeguroFX claims to be regulated by the RMI under the Banking Act in the Marshall Islands. If such regulation existed, all brokers there would have it. In any case, whether they have it or not, it can’t be trusted. Compared to FCA, BaFin, or ASIC, such regulations don’t include any features for protecting trusted funds.

Another reason why we can’t trust what this company says is multiple warnings against them. If the AMF, CONSOB, and A-TVP are wrong, then we are wrong. In most cases, they are not.

Who are SeguroFX’s Victims?

Since 2023 when this trading brand was established, we can see their services offered worldwide. Even though they thought Italian and French authorities wouldn’t recognize their scam activities, they were wrong. It’s not a smart move to target countries like: 

• Italy
• France
• Brazil
• Canada
• Argentina

After traders reported issues with the SeguroFX broker, warnings started piling up very quickly. All we need is your experience in our comments section about any of these firms. Ultimately, our team can advise you on refund steps and help regulators expose these frauds.

Traders Reviews

Even though the company has been around only for a few months, negative reviews have already been posted about it. It seems this firm is not very comfortable providing withdrawals for its customers. But what else can you expect from an unregulated broker?

Leverage, Commissions, Spreads, Fees and Taxes

One of the biggest problems with SeguroFX brokers is a lack of transparency about trading conditions. Not even the leverage is transparently published. In any case, anything above 1:50 should be a warning sign.

When it comes to fees, spreads, and commissions, prepare yourself for surprises. This broker doesn’t reveal any of those.

Bonuses

Indeed, it appears some of the SeguroFX account offers include bonus deals. Thus, the company’s T&Cs don’t reveal transparent bonus conditions. Consequently, traders can expect problems withdrawing any of the bonus funds or funds generated with it. A perfect example of such a scam is the OroTrader broker.

SeguroFX Trading Features

The only feature that can be considered advanced with this trading firm is trading signals. Thus, without regulations, it’s hard to believe any of those. 

In general, everything else on the company’s platform is highly speculative. But to learn how to diversify trusted features from fake features, check our IV Markets review.

Trading Platforms Available

One of the key aspects of any brokerage is the trading platform. If there’s no trusted option available, there’s nothing you should hope for with that broker. 

Sadly, that’s exactly the case once you open the SeguroFX account. With their web-based software, traders can only expect manipulations. Instead, we suggest all traders stick to cTrader or MetaTrader with a top-tier licensed firm.

Available Trading Assets

Whatever you want to trade with this brokerage, you’ve got it. The key question is if you can trust the data presented about those assets. It’s widely known scam brokers use fictive platforms to present traders with fictive data and results. Therefore, how can you trust them? 

In any case, if you still opt to do so, you can trade: 

• Forex – USD/JPY, EUR/SEK
• CFDs – gold, CAC40, Amazon          
• Cryptos – ETH, LTC

Account Types

When you look at the accounts offered by SeguroFX Forex broker, you will realize it’s all delusional. They don’t reveal minimum trading requirements, and they will certainly require you to deposit more money for their fictional services and features, such as 1-on-1 sessions, spread reduction, VIP Trading support, individual training, and many more. In reality, none of those features truly exist.

Mobile Trading App

If you still choose to trade with this broker, completing the SeguroFX login process won’t give you access to trusted apps. Be sure to check it since their platform is completely web-based. 

Instead of trusted apps, traders have to use their browsers to access their trading accounts. Certainly, that’s not the safest method around.

Demo Account

One of the significant disadvantages of the web-based SeguroFX app is the lack of a demo account feature. We have all realized trading conditions are mysterious. At least they could’ve given us a chance to test them via demo. Sadly, that’s not the case.

Education

Of course, the education with this broker can be expected only in a live session with their so-called “experts.” But we strongly advise all traders not to fall for it. 

All those programs will certainly lead you to deposit more money. However, you won’t be able to withdraw any.

SeguroFX Withdrawal

Considering the company’s bonus policy, lack of regulations, and multiple warnings, it’s not reasonable to expect withdrawals from them. Not to mention, the company doesn’t reveal processing time or fees for withdrawal requests. 

Ultimately, that will give them an advantage over traders and allow them to make rushed decisions. In most cases, the ones will cost them everything they have.

Customer Support

Contact options with the SeguroFX scam broker are a clear sign that you should not trust them. There are only e-mail and web contact forms available. Of course, there are no transparent working hours during which traders can expect answers.

Key Information To Consider About SeguroFX

In the first place, traders need to realize this company is not regulated. After all, multiple warnings were not issued without a reason. Secondly, they have non-transparent conditions, and the trading platform is absolutely untrusted. With all this in mind, there’s only one thing expected – manipulation.

If that happens, we urge traders to talk to our refund experts about options to recover their funds. Ultimately, it could be too late if they don’t do it on time. At least our first consultation is free of charge. So, there’s nothing to worry about when you book it. Do it today if you don’t want to lose all of your funds forever.

FAQ Section

What is SeguroFX?

SeguroFX is a scam broker that has been operating since 2023 from the Marshall Islands.

Is SeguroFX Legit?

No. The company is not licensed by any top-tier authority. Instead, they appear on a warning list of the AMF, CONSOB, and A-TVP.

How to Get Money Out of My SeguroFX Account?

To withdraw any of your finds you might need our experts’ professional assistance with CipherTrace. Get in touch now and find out more details about the fund’s recovery options.

It is important to realize that this trading firm presents itself as Danish-based. We all know how strict Denmark is when it comes to following rules and guidelines. After all, it wouldn’t be one of the countries with the highest standards in the world.

Still, some brokers dare to ruin that status or at least try to. Luckily, this Orbonex review helps all traders recognize this scam on time and avoid all potential traps.

Legal info: Is Orbonex Legit or A Scam?

The company should be regulated by the Danish DFSA. Unfortunately, this register doesn’t have any records of Orbonex firm being licensed. This might be concerning since they present themselves as a company with security as the top priority.

We didn’t lose hope and tried checking top-tier regulators across Europe, such as FCA, BaFin, CONSOB, and similar. Thus, the results were similarly disappointing. Regardless of the company’s fake security encryption and cybersecurity, they don’t have any funds protection measures, such as negative balance protection or segregated accounts for deposits.

Who are Orbonex’s Victims?

In the absence of real Orbonex reviews, it’s hard to tell the true demographic of the company’s clients. Nevertheless, with the domain registered in February 2024, it’s reasonable that we can’t see many comments. 

Anyway, the domain traffic shows us what countries are potential targets. Those are mainly: 

• Canada
• Lithuania

Whatever your country is, we invite you to share your experience in our comments section. Also, if you were a victim of brokers like Merjes Group or InvestusPro. All these swindlers have the same goal. That’s to rip traders off. If that’s your destiny with them, contact our refund team as soon as possible for assistance.

Traders Reviews

So far, we can see comments about Orbonex broker only on one platform. Apparently, these are positive, similar to the ones presented on the company’s website. But it’s hard to believe anything like that, especially since the company is only a few months old.

That’s why we always encourage traders to share experiences anywhere they can. With a bigger number of comments, it’s easier to make a conclusion. In any case, if you experience any irregularity with this firm, reach out for detailed advice.

Leverage, Commissions, Spreads, Fees and Taxes

One of the leading problems, besides missing Orbonex Forex options, is non-transparent trading conditions. All fees, commissions, and spreads are completely hidden from the public. Sadly, registration with this broker requires a promo code, and we can’t get access to the platform to explore.

They most likely lure traders through fictive ad campaigns to get started, and promo codes are received through the fake referral program. At least the company offers something that complies with regulations. That’s leverage of up to 1:50.

Bonuses

Offering bonus funds is a standard tactic among scammers to prevent traders from withdrawing funds. Of course, Orbonex trading firm will also use the same trick. Before traders meet certain requirements, they can’t withdraw any funds. Sadly, those requirements are unknown.

Orbonex Trading Features

One of the offers that might be attractive to traders is the Orbonex AI trading features. Thus, scam brokers are highly expected to manipulate and provide fake results. Especially when you see the company offering AnyDesk and TeamViewer. These are usually signs that they will try to find where traders keep their funds and just rip them off.

Trading Platforms Available

Apparently, this trading firm offers highly reputable Meta Trader 5. Even though they provide download options, access to WebTrader is limited. 

However, a highly suspicious registration process might also prevent traders from revealing the truth. In any case, if you register with them and see anything else but MT5, you know they are scamming you.

Available Trading Assets

Surprisingly, the company doesn’t offer Forex pairs as one of the most popular options for traders. Instead, you can trade:

• Commodities – gold, natural gas
• Stocks – IBM, AMD
• Cryptos – ETH, LTC
• Indices – ASX200, NASDAQ
• NFTs           

Account Types

To be fair, all account types with this firm include some fictional benefits for traders. Those are expert support, full-protected trades, monthly market research, and education, just to name a few. Thus, for those they will require you to pay more and more money. 

In any case, all options are: 

• Starter – $250
• Bronze – $10.000
• Silver – $25.000
• Gold – $50.000
• Platinum – $100.000
• Black – Invitation only

Mobile Trading App

According to the company, mobile apps for iOS and Android are available. Thus, we realized that after missing regulations, they can’t be trusted for anything, especially when they advertise remote-controlling apps they use to steal money.

Demo Account

If the company offered a demo account, access to the MT5 platform would not be limited. But when it doesn’t offer one, it’s usually a sign that some details must be hidden.

Education

Besides blog posts and articles, the company also offers educational programs with analysts. But also, webinars and live sessions. Thus, without a license, can you truly trust those?

Orbonex Withdrawal

Another huge problem with this company is a lack of Orbonex withdrawal process transparency. They practically don’t reveal what methods traders can use, how long it takes, or how much it will cost. 

This combination is the perfect soil for manipulation. Especially with their shady bonus policy. Therefore, you can consider withdrawals practically impossible.

Customer Support

As can be seen, the company provides us with phone numbers in the UK and Canada. But they don’t have Danish ones. In any case, the company promotes 24/5 support and in most cases over WhatsApp.

Key Information To Consider About Orbonex

As mentioned, the key issue with the Orbonex scam broker is a lack of regulations. Consequently, everything else becomes questionable. On top of that, the company has a shady withdrawal and bonus policy and a registration process. Not to mention they use AnyDesk and TeamViewer apps. Certainly not for something legit.

Therefore, if you get ripped off by this broker, don’t waste a bit of time. Get in touch with our experts and find out quickly how to recover your money. Most importantly, the first meeting is completely free. Book yours now.

FAQ Section

What is Orbonex?

Orbonex is a misleading trading firm that has been offering services since February 2024.

Is Orbonex Legit?

Definitely not. The company is not regulated in Denmark by DFSA or any other top-tier regulator in Europe.

How to Get Money Back From a Scam Broker?

Since payment methods are highly questionable and the company uses remote-controlling apps, you will certainly need refund assistance. For guidance, reach our refund specialists.