To kick things off, the HighTrustCapital Review will first state this – it’s high time people stopped trusting these fraudsters with their capital. With that being said, we can now proceed to end the career of this scam broker by debunking its lies and supporting our claims with valid arguments. 

Right off the bat, this provider is unregulated and the information on its website is quite scarce. That’s not a good look but do you know what else is bad? Not mentioning an official address! The following section will deal with this fact as well as the broker’s unauthorized status.

What is more, we strongly advise you not to invest in The Liberty International, Profits Vision and ETF Corp fraudulent brokers.

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Does HighTrustCapital Have a License?

First off, HighTrustCapital failed to include an address, thus we don’t know under which jurisdiction it operates. Secondly, in the legal section, the fraudulent broker briefly mentions that it does business under Moon Media LLC, yet another mystery. 

We’ve found at least two companies that go by that name and that’s just about it, no correlation with our scammer. No license here, folks.

Why Is Trading On a Licensed Broker’s Platform Preferable?

Since the broker’s website is completely anonymous – no address, no phone number, no nothing, it cannot be anything else but an outrageous investment scam. Although there aren’t any warnings issued against this newly-registered fraudster yet, you can be absolutely certain that it is unlicensed and dangerous. 

We’ve checked the websites of Tier 1 regulators like the FCA, BaFin and the ASIC and found nothing. Make sure that your provider is registered with these authorities so that you can sleep soundly as a trader.

So Is HighTrustCapital a Decent Broker or a Scam?

HighTrustCapital is everything but a highly trusted trading firm. If you encounter this scam broker, ensure to report it!

What Trading Software Does HighTrustCapital Offer?

HighTrustCapital kept promising and promising a cutting-edge trading platform on its website and when it came time to deliver, it failed miserably, which should not come as a surprise. What we got was a simple web trader with very limited features and tools, a far cry from the all-powerful software advertised by the phony broker.

This is not something you would want from your provider, now is it? So, seek out those that can offer you the industry’s best software in Meta Trader 4 & 5. Also, licensed status is a must!

What Do We Know About HighTrustCapital Account Types and Trading Assets?

When it comes to account types, this is where the unscrupulous broker probably fell asleep since it wrote “Choose your account type” as a heading and abruptly ended it there. The section below it describes the trading assets and process. 

HighTrustCapital claims to offer the possibility of trading in Forex currency pairs (i. g. EUR/USD), cryptocurrencies (Bitcoin and Ethereum) and numerous stocks. Irrelevant given its poor trading platform.

Trading Bonuses and Their Policy

HighTrustCapital wouldn’t be your good-old scammer had it not included a vexing bonus policy in the legal section. The broker went all in with this one clause – “The Company may change the terms of the Bonus at any time.” At any time?! So clients are constantly supposed to be on alert about the bonus nonsense?

The terms preceding this clause are there to ensure that victims are confused and not allowed to withdraw their money, thus securing the loot for the fraudster. Strict financial regulators did not ban bonuses out of boredom but to protect people from this trap.

HighTrustCapital – Countries Of Service

Since the illicit broker is completely anonymous, there is no information about to whom it provides services, i. e. from which country. However, here’s something interesting we’ve found – in the legal section, there’s this one statement that reads “transactions are automatically renewed every night at 22:00 GMT… Cyprus time.”

Our guess is that the entire, or at least parts, of the section were copied from some other provider. There’s no way that this fraudster operates in the highly-regulated state of Cyprus. It offers services mainly to the residents of:

• Poland
• France
• UK
• UAE.

Leverage, Spreads and Fees

For the benchmark EUR/USD major pair, the spreads start from 2.6 pips, which is as high as Mariah Carey’s singing, but unlike her vocal range, it won’t bring you profits. The leverage is fixed at 1:33. Oddly enough, it’s within the boundaries that prominent regulatory institutions impose (1:30 for the UK, EU and 1:50 for the US) for retail traders. 

For fees, HighTrustCapital says it does not charge fees for credit card transfers while wire transfers have a  €25-50 fee. 

Also, remember the names of the Northern Bits, Olympus Brokers, and FutureProfit trading scams and avoid them at all costs! Moreover, always check the background of online trading companies before investing!  

What Is Known About HighTrustCapital’s Trading Conditions?

• As mentioned, the spreads are way too high for making profits;
• The leverage is surprisingly low considering we’re dealing with a scammer;
• This is unimportant due to the fact that the trading platform can be manipulated and you can lose all your money;
• The bonus policy will make it hard or even impossible to withdraw money.

Scammed by HighTrustCapital Broker? – Let Us Hear Your Story

If you’ve fallen victim to this scam, you probably feel bad. But, have no fear. We’re here to help you get your money back and we’ll start by telling you what to do. It’s simple, request a chargeback or a recall.

But What Is A Chargeback and A Recall?

• A chargeback is basically a refund of transactions made with credit and debit cards.
• The issuing bank can perform it within 540 days of the transaction.
• A recall is a reversal of a wire transfer.
• It can only be performed if the transaction hasn’t been completed.

What Is HighTrustCapital?

HighTrustCapital claims to be a provider that offers Forex, CFD and crypto trading.

Is HighTrustCapital a Scam Broker?

HighTrustCapital is indeed a scam broker because its website is anonymous and missing a license.

Is HighTrustCapital Available in the United States or the UK?

The firm is available anywhere in the world since it seeks unsuspecting victims.

Does HighTrustCapital Offer a Demo Account?

HighTrustCapital does not offer a demo account, only a live account.

Despite the hideously looking website, is it possible that this broker is the real deal? Can they provide you with competitive trading conditions and a reliable platform for Forex and CFD trading?

After analyzing the company’s background and the suspicious reviews on the forums, we believe the platform operates illicitly, just like Layray. Therefore, please read our impactful YourGlobalDeal Review to learn the ugly truth.

Legal Info: Is YourGlobalDeal Regulated?

The YourGlobalDeal broker operates using a completely stripped-down and unpolished website with broken links. Hence, it was hard to gather key details about the company’s legal background. The legal documents ultimately remained inaccessible.

After doing some digging, we found out that the platform was blacklisted as illicit by the Bank of Lithuania on February 6, 2024. Since Lithuania is an EU member, the country’s financial authority implements the regulations of the European Securities and Markets Authority (ESMA).

One of ESMA’s laws stipulates that each trading firm must obtain a MiFID passport to do business across the old continent. YourGlobalDeal does not have such authorization, meaning the broker operates illegally.

Instead of trusting anonymous imposters, we recommend you find a licensed firm approved by respectable financial market authorities such as the FCA (UK), ESMA (Europe), CFTC (US), ASIC (Australia), IIROC (Canada), MAS (Singapore), etc.

Regulated brokers must adhere to respectable regulations and provide safety measures such as negative balance protection, segregation of client funds in top-tier banks, and compensation plans to mitigate potential losses.

Who Are YourGlobalDeal’s Targets?

According to godaddy.com/whois, the yourglobaldeal.com website domain was created on September 12, 2023. Since then, the cyber thieves behind the platform have been targeting mainly unsuspecting traders and investors residing in the following countries:

• United Kingdom;
• Switzerland;
• Estonia;
• Latvia;
• Lithuania.

These countries feature Tier 1 regulations and stringent laws. Each of their financial watchdogs meticulously oversees the market to ensure there is no fraudulent activity.

Per the warning from the Lithuanian bank, the YourGlobalDeal regulation is fake; the company has no valid Forex trading license and absolutely no right to provide services in any of the listed jurisdictions. 

Trader Reviews – Sharing Experiences

There are 34 YourGlobalDeal reviews on sitejabber.com. The split is 50/50 between five-star and four-star reviews, which is quite positive and therefore, suspicious. We highly doubt the honesty of these reviews, considering how fraudulent the company is. 

Aside from the above-mentioned forum, there is no other feedback. Nevertheless, we urge you to read what honest users say about a certain platform before opening an account and funding it. Put the safety of your assets first.

Which Trading Platforms Are Available?

The website claims that the company offers the famous MetaTrader 5 platform. However, contrary to the promises, there is no download link or demo account to enable us to confirm whether it is a legit version of MT5. 

Even if the platform is available, we still don’t recommend it because of the firm’s unregulated status. It could be rigged or contain malware.

When choosing a provider, we urge you to choose a licensed firm that supports reliable third-party software such as MetaTrader 4, MetaTrader 5, or cTrader and avoid dubious entities such as Trade Union Pro that disregard regulations. 

MT platforms support advanced features such as automated & algorithmic trading, sophisticated charting, real-time market reports, API integration, 20+ timeframes, Expert Advisors (EAs), and instant order execution. Just make sure your provider is licensed to offer such services.

YourGlobalDeal account types

Leverage, Spreads, Commissions, Demo Account

YourGlobalDeal’s maximum leverage scales up to 1:400, which is significantly higher than the caps in force in Europe (1:30) and North America (1:50). High leverage is risky; it can bear huge profits but also lead to devastating losses. Spreads allegedly start from zero with no commissions. Sounds too good to be true, probably because it’s most likely another lie.

We weren’t able to verify these conditions because there was no demo account. Risk-free trading enables beginners to practice with virtual funds instead of jumping in a stressful environment straight away. Every legitimate broker nowadays offers a demo account.

Deposit and Withdrawal Process

The minimum deposit is unknown. Taking into account everything that has so far been said, YourGlobalDela withdrawal issues are inevitable. In such a scenario, you must consider potential fund recovery methods.

For funds deposited through MasterCard or VISA credit/debit cards, users have the possibility of requesting a chargeback at the issuing bank within 540 days. If successful, you’ll get your money back quickly. Wires, on the other hand, require a recall, but its success depends on whether the transaction is complete.

Reversing cryptocurrency payments is more complex and requires the utilization of cutting-edge programs such as CipherTrace. Fortunately, our team can help you out with tracking the stolen crypto.

Key Facts To Consider About YourGlobalDeal

YourGlobalDeal is an unlicensed broker with a fraudulent platform, backed by dubious reviews. The main targets of the scheme are British, Swiss, Lithuanian, Latvian, and Estonian traders, with the Lithuanian central bank flagging the platform as illegal.

We advise you to avoid this firm and explore better options. In case you have lost money to the YourGlobalDeal 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 YourGlobalDeal?

A virtually anonymous website offering an illegal Forex and CFD trading platform to unwary traders.

Is YourGlobalDeal a Legit Broker?

No, this company is operating without the necessary license. The platform is blacklisted in Lithuania.

Can I Get My Money Back from a Trading Fraud?

It’s possible with professional aid. Contact a chargeback company to help you recover your funds.

Suppose you are planning to invest money somewhere and don’t know where. Make sure to follow all our tips to avoid getting robbed. Firstly, 24 Era firm is not the one it presents itself to be. Even though they mention providing reliable and trusted services, the company is still absolutely anonymous.

Not even the company’s terms of use reveal many details about ownership and founders. All in all, not a single reason to trust them, but there will be many more in this 24 Era review.

Legal info: Is 24 Era Legit or a Scam?

Generally, when companies hide legal information it’s hard to believe they are reliable. But to find a quick proof, we just have to check the company’s regulation. Such a thing doesn’t exist in the case of this brokerage. We were checking all the top-tier regulatory databases with the slightest hope of surprise.

Still, databases of FCA, BaFin, CFTC, ASIC, and many more were empty upon search of this broker. If that’s not a good enough sign, check all 24 Era reviews.

Who are the 24 Era’s Victims?

Surprisingly, this firm doesn’t reveal when it was founded. Yet, very often, domain age reveals the truth. In this case, that’s 2021. For the time given, the company didn’t manage to raise its credibility primarily because many traders reported being scammed. 

Most of those come from: 

• United Kingdom
• United States
• Japan
• Canada
• Germany
• Australia

If you are one of those as well, let us know about your scenario with this investment firm. Ultimately, our refund team can explore additional options after they know your case.

Traders Reviews

As mentioned, the company’s reviews are catastrophic. There are already 16 comments on Trustpilot and only 12% are positive ones. The ones with low ratings reveal that this company won’t allow any withdrawals. Which is, in the end, the only thing traders are looking for.

Also, there are reports of unprofessional and rude support, shady clauses, and much more. Feel free to share with us if you have experienced something else. You can send us a direct message as well.

Leverage, Commissions, Spreads, Fees and Taxes

The only known condition revealed through 24 Era account types is spread. Fairly, not a competitive one since the lowest point is 0.9 pips. Except that, there are no other fees, commissions, or even leverage revealed. So, if that rings a manipulation bell, be sure it is.

Bonuses

It generally looks like the 24 Era platform doesn’t offer any bonuses. But be careful if you get any bonus policies to accept. It can really affect your withdrawal possibilities. If there were any at all. 

In any case, to find out some more tricks swindlers are using, read our SwizzPro review.

24 Era Trading Features

This broker advertises three main features. Those are automated copy-trading options, crypto staking, and crypto trading. Thus, none of these options can be trusted due to missing regulations. 

Copied trades could be easily manipulated, staking crypto in the company’s wallet is not safe, and crypto trading with unknown leverage is catastrophic.

Trading Platforms Available

In addition to all these shady features, there’s the company’s web trader. Not that we have expected something more than that. Still, MetaTrader 4, MetaTrader 5, or cTrader would be more suitable options. And yet, that wouldn’t be a guarantee the company will do the business legitimately.

Available Trading Assets

Important to realize is that this brokerage doesn’t reveal many details about available assets. Briefly, they mention stock trading, but the main priority is on cryptos. Therefore, be careful and don’t get persuaded easily. 

Anyway, our honest Lionetix review is a perfect example of how numerous assets can’t make a broker legit.

Account Types

To get started with this firm, traders only need a standardized $250. Yet, if they decide to put more money in, they won’t get some significant benefits. Just fictive ones like risk-free traders, trading signals, and special offers. 

Anyway, the options are: 

• Bronze – $250           
• Silver – $1.000
• Gold – $10.000
• Premium – $100.000

Mobile Trading App

One of the biggest disadvantages of every firm is a lack of trusted mobile apps. In this case, iOS and Android users can forget about smooth trading. And don’t believe in fairy tales any web trader can be more optimized than the app itself.

Demo Account

Since the company is hiding numerous trading conditions, a demo account would be an appropriate feature. Still, they don’t offer it. Which tells you what they are up to.

Education

Apparently, all account types include webinars and CMTrading e-books. However, learning how to trade from an unregulated broker wouldn’t be a smart move. Therefore, stick to top-tier licensed firms if you want to avoid enormous failure.

24 Era Withdrawal

Important to realize is that the 24 Era withdrawal policy doesn’t exist. Therefore, processing time, methods, and fees are opted for manipulation. Fairly, that’s expected from such a broker. 

But if you think about it, even if they have any, without regulations, it would be meaningless.

Customer Support

Another key fact about this company is the company’s support. Watch this. The company’s address is listed as 24 Era. Nevertheless, the company seems to provide legitimate contact options, such as phone lines, e-mails, and web contact forms.

Yet, the reviews reveal those options are practically useless. Especially if you are looking to get your money back.

Key Information To Consider About 24 Era

There’s literally not a single reason to trust this firm. Firstly, they are anonymous, and 24 Era regulation is missing. Secondly, they offer automated services on untrusted platforms. Lastly and most importantly, trading and withdrawal conditions with this broker are unknown.

All in all, numerous issues can occur. If that happens, don’t hesitate to contact our refund team. After all, you can get a free first consultation and decide about your next step without any obligation. Get in touch now.

FAQ Section

What is 24 Era?

24 Era is an anonymous investment firm offering mainly crypto investment services and copy-trading features to traders all over the world.

Is 24 Era a Licensed Broker?

No. 24 Era scam broker is not regulated in any country where they operate. Starting with the UK, the US, Canada or Australia.

How to Withdraw Money From a Trading Scam?

Generally, the fastest option is always a chargeback. But with this broker, you might take other steps and firstly use CipherTrace to track crypto. Contact us and find out more.

Quite believable, but not entirely, the Trader Trust EU scam is almost convincingly impersonating a reputable Cypriot Forex dealer.

Despite the similarities and quite a copy/pasting job, regulatory information could not be blatantly forged once regulators publish the truth. Keep reading our Trader Trust EU review to find out how we saw through each and every single lie this charlatan sells. 

Highly Convincing Scam

One of the most recurring and believable scammers that appear nowadays are certainly swindlers that steal legal business information from acclaimed companies. The Trader Trust EU regulation is nothing but a story of lies and false claims, as the domain is just a slightly altered copy of a CySEC licensed brokerage site – traders-trust.eu. 

These fraudsters also claim to be owned by the same company – TTCM Traders Trust Capital Markets Ltd. However, just one look at the CySEC entry proves they’re blatantly lying about it, as the domain in question is not listed as an approved one. 

Since the website’s main language is set to Russian, it is apparent that they’re focused on the victims from that country. That has prompted a warning issued by the Central Bank of Russia (CBR). 

There’s no doubt about the safety of funds being compromised on this site, with the absence of segregated accounts and negative balance protection. We also warn our audience to stay away from Capitalco, as they display similar tactics.

Cheaters Hide Their Tracks Well

Whatever little Trader Trust EU reviews you find in popular media complain about the same set of problems. Victims all speak about someone contacting them by phone, and introducing themselves as a forex expert.

We call these people boiler room agents, and it’s their job to find new victims to steal from. If a mark shows any kind of interest, these predators will pounce and try to squeeze as much money as possible from them. The methods include extortion, threats and good old false advertising.

With the domain’s WhoIs data redacted, it became somewhat difficult to learn when the operation started. The CBR warning is dated to late 2023, which indicates that the site was created some time earlier. As for the victims, they mostly seem to live in these areas:

• Poland
• Canada
• Germany
• Switzerland

Terms are Anything but Attractive

The leverage progressively increases with the deposit requirements, with the maximum ratio of 1:400. The spreads are only defined as “fixed”, without being revealed. Only the priciest account allegedly has spreads set to 0.7 pips. 

The only other fee revealed is the inactivity tax that is charged on a monthly basis after 30 days of idleness and is set at $50.

Cash Bonus With Ruthless Terms

Registering for an account brings bonuses. These range between 30% and 150% of the deposited sum. 

Trading volume required prior to payouts is the amount of bonus multiplied by the leverage. As crazy as this math sounds, that’s the catch: cons use the required trading volume as an excuse to effectively block any withdrawal attempts!

Deceptive Trading Features

As is the norm with all of these bogus companies, including the 24 Era scheme, the trading amenities are all brag and no substance.

Nearly none of these sorts of con operations actually feature any trading on their platforms. They don’t need to, since the companies earn the money through stealing, and not through providing a quality service. The Trader Trust EU fake license is another confirmation of such intentions.

Abysmal Trading Software

If we were to describe the Trader Trust EU broker Web Trader in a single word, it would be horrendous. As a piece of trading software, it’s woefully inadequate as it doesn’t have even the most essential of features.

You have a basic stop loss and pending order options, as well as some basic charting tools. The only decently functioning part of the program is the instrument selector, and that’s about it.

Collection of Assets

Except for several standardly traded instrument groups, the selection of markets isn’t anyhow innovative or exotic:

• Indices (NASDAQ, DOW, DAX)
• Stocks (Alcoa, Bank of America, Chevron)
• Commodities (Coffee, Wheat, Cotton)
• Currencies (EUR/USD, USD/JPY, EUR/GBP)
• Crypto (BTC, ETH, XRP)

Pricier Accounts – More Extreme Terms

The Trader Trust EU account types can be described as anything but affordable. With the extreme deposit requirements, you’d expect more beneficiary features to come. However, that is not the case here. 

More expensive account types bring riskier trading conditions and less certainty in terms of protection and costs. Here’s the price table:

• BASIC – € 2.000
• STANDART – € 5.000
• VIP – € 25.000
• PRIME – € 50.000

No Automatic Transaction Processing

Clients can’t directly deposit any funds though the dashboard, and have to contact their “account manager” instead. 

Trader Trust EU withdrawal is a similar affair, but differs in some aspects – you can request a payout through the dashboard, but it still needs to be approved manually.

Financial channels are said to be Credit Cards, bank wires and crypto transfers, but we were unable to verify this. Knowing how the majority of these schemers work, withdrawals are more likely to simply be denied for one reason or the other.

Does Support Even Work?

Articulating their issues to the service provider is one of the center features on every platform. There’s several channels presented on the site:

• Email
• Phone
• Online form

It’s a question if any of these perform at all. We already know that the location is fake and we never got any replies to our email inquiries.

Got Defrauded? We Can Help You!

Investing with illicit companies carries significant risks outside of those that you may lose money while trading. These deceivers are likely to steal your personal data, and abuse it for their own gain or sell it to various third parties for profit.

Our experts can help you recover the stolen money. We have ample experience in the matter, and are available 24/7 for your convenience. Book a free consultation today via live chat, and start working on recovery!

FAQ Section

What is Trader Trust EU?

The website in question is a fraudulent attempt of the cons to impersonate a licensed online trading brand.

Is Trader Trust EU Regulated?

No, the Trader Trust EU license is totally fake, as the firm is just a clone of a regulated, Cypriot firm.

How Can I Recover Money From a Scam Broker?

There are several recovery processes available depending on the payment method used. For more information, book a consultation with our experts.

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CJ Review: About CJ

CJ, operating under the name CHANG JIANG CURRENCY EXCHANGE, claims to be a reputable company based in New Zealand, specializing in currency exchange and transfer services, particularly focusing on the Chinese market. Committed to delivering top-notch services, CJ also claims that customers access the most favorable exchange rates possible. Leveraging its strong ties with financial institutions such as banks, Cjforex secures advantageous rates directly from the source, offering customers competitive rates for currency exchange.

However, it’s pertinent to highlight that CJ business activities extend beyond the regulatory boundaries outlined by the FSPR non-Forex license, surpassing its authorized scope. Additionally, the company’s website is presently inaccessible, raising concerns about its operational status and transparency.

Website – http://www.cjforex.com/

Address – NA

Regulated Status – Unregulated

Warned By – Not recommended by review website like Report Scam

Domain Age –

Domain Name: cjforex.comRegistry Domain ID: 1900345940_DOMAIN_COM-VRSNRegistrar WHOIS Server: whois.godaddy.comRegistrar URL: https://www.godaddy.comUpdated Date: 2023-07-25T23:24:13ZCreation Date: 2015-02-03T06:50:33ZRegistrar Registration Expiration Date: 2025-02-03T06:50:33Z

Regulatory Breach & Transparency Concerns

CJ departure from the FSPR non-Forex license parameters raises concerns regarding customer risk. Moreover, the absence of a social media presence impedes customer interaction channels, potentially limiting engagement opportunities. A significant red flag is the unavailability of CJ’s official website, a factor that casts doubt on the reliability and legitimacy of its operations.

Is CJ legit or a scam?

CJ operates beyond the regulatory constraints of the New Zealand FSPR non-Forex license, and the absence of its official website raises doubts about the reliability of its trading platform. These factors amplify the risks associated with investing in CJ. It’s imperative to exercise caution and conduct thorough research before engaging in transactions. Like any investment, there’s inherent risk involved, so traders must carefully assess their options before making decisions.

CJ Review: The CJ Scam Unveiled

As suspicions mounted, the truth behind the Cjforex scam began to unravel. Reports emerged of customers falling victim to fraudulent practices, with payments mysteriously disappearing and promised commissions failing to materialize. The scam operated through various deceptive tactics, including fake accounts, manipulated tracking systems, and adware injection, all aimed at siphoning off funds intended for legitimate investors.

CJ Review: Heightened Risks for Investors

The CJ scam posed significant risks for investors, exposing them to potential financial losses and reputational damage. The breach of regulatory compliance, coupled with transparency issues and fraudulent activities, created a perfect storm of uncertainty and distrust within the investor community. Those who had placed their trust in CJ found themselves grappling with the harsh reality of deception and betrayal.

CJ Review: Lessons Learned

The CJ scam serves as a stark reminder of the dangers lurking in the digital landscape of currency exchange. It underscores the importance of regulatory oversight, transparency, and due diligence in safeguarding investors’ interests. By learning from the mistakes of the past and remaining vigilant in the face of potential scams, investors can navigate the complexities of online currency exchange with greater confidence and security.

CJ Review: Moving Forward for Protection

As the dust settles on the CJ scam, regulatory authorities and industry stakeholders must work together to strengthen oversight and enhance transparency within the currency exchange market. Implementing stricter regulations, enforcing compliance measures, and promoting investor education are critical steps toward restoring trust and integrity in the industry. Ultimately, by fostering a culture of transparency and accountability, we can protect investors and uphold the integrity of the currency exchange market for generations to come.

CJ Review: Conclusion

The CJ scam stands as a sobering reminder of the perils that await investors in the digital age. From regulatory breaches to transparency issues and fraudulent activities, the CJ scam exposed the vulnerabilities inherent in online currency exchange platforms. However, by learning from past mistakes and taking proactive measures to mitigate risks, investors can navigate the complexities of currency exchange with greater confidence and resilience.

If you’ve been a victim of CJ scam, forex scams, cryptocurrency scams, romance scams, or any other fraudulent activities, simply submit a complaint on the Report Scam website. Our team provides a free consultation service. Our chargeback specialists will carefully evaluate your situation and ascertain the possibility of recovering your funds.

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Dams Guard Capital Review 2024 – Is Dams Guard Capital legit or a scam?

One major problem in the ever-evolving world of online trading and investing is the proliferation of fraudulent companies posing as reliable brokers. Due to alleged fraudulent activity, Dams Guard Capital has lately gained notice, raising concerns and requiring careful examination. Our goal in providing an unbiased assessment through our thorough Dams Guard Capital review is to provide verified facts and data that were gathered from reliable and respectable sources.

Damsguard Capital presents itself as a reputable investment firm offering diverse financial services to both individuals and organizations. Despite claims of credibility, caution is warranted due to a warning issued by the Australian Securities and Investments Commission (ASIC). While the firm’s website is accessible at damsguardcapital.org, the lack of a disclosed physical address raises transparency concerns. Investors should exercise prudence and conduct thorough research before engaging with Damsguard Capital, considering the regulatory warning as a potential red flag. Verifying the legitimacy of such entities through independent sources and seeking advice from financial professionals is advisable to mitigate risks.

Dams Guard Capital Website – https://damsguardcapital.org/

Website Availability – Yes

Address shown – NA

Warned By – Australian Securities and Investments Commission (Australia)

Domain Age of Dams Guard Capital

Domain Name: damsguardcapital.orgRegistry Domain ID: 45182388fc194d4d8e9c038a5b527c24-LRORRegistrar WHOIS Server: whois.namecheap.comRegistrar URL: http://www.namecheap.comUpdated Date: 2023-06-30T07:45:33ZCreation Date: 2023-06-25T07:45:29ZRegistry Expiry Date: 2024-06-25T07:45:29Z

Important indicators that show if Dams Guard Capital is a fraud or not

Unregulated Status

One of the key warning signs highlighted in the Dams Guard Capital Review that investors should be wary of is the absence of regulation and licensing. Legitimate brokers must acquire licenses from reputable financial regulatory authorities, a critical measure to ensure compliance with strict industry standards and regulations.

Poor Customer Support and Withdrawal Issues

Delayed or refused withdrawal requests are a common tactic used by scam brokers to hold onto their victims’ money and deter them from leaving the site. When funds are unavailable or take a long time to arrive, customers get irate and start to doubt the company’s honesty.

Negative Reviews and Scam Reports about Dams Guard Capital

The presence of ample negative feedback and scam reports from clients and industry professionals, as emphasized by Dams Guard Capital Review, is a telltale sign of a scam broker. The existence of negative reviews and reports of scams related to Damsguardcapital.org serves as a red flag for potential investors. Several reports of fraudulent operations, immoral behavior, and financial losses raise doubts about the company’s credibility. Before entrusting their investments to any brokerage firm, potential clients should conduct research and examine the experiences of others with Dams Guard Capital.

Investors should take heed of negative reviews and scam reports associated with Dams Guard Capital, as these instances may indicate potential risks and issues that could affect their financial interests. To protect your financial interests, it’s critical to stay knowledgeable and vigilant.

Heightened Risks for Investors

Dealing with unregulated and unlicensed brokers significantly increases the risk of encountering fraudulent practices. The lack of clear regulatory oversight and licensing raises concerns about the broker’s credibility and the safety of clients’ assets. It is imperative to approach such brokers with caution, conducting thorough due diligence to protect 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, there are hazards involved such as the possibility of coming across dishonest brokers. A proactive and vigilant strategy is necessary to safeguard your investments against fraudulent businesses and frauds such as Damsguardcapital.org. 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 Dams Guard 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 Dams Guard 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 Damsguardcapital.org review, are critical to ensure a safe and dependable trading experience.

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

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If you are the one who got scammed by Dams Guard 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 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.

Dams Guard Capital Review: Dams Guard Capital Scam Conclusion

As the Dams Guard Capital Review indicates, there are solid indications that Damsguardcapital.org 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, making sure to choose 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.

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 reviews of brokers and also read the policies and terms and conditions.

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

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Rarely can anything be more suspicious than a blacklisted company promoting their services as best investment solutions since online trading appeared. The textbook scam our Bitfx Traders review exposes focuses on offering unrealistic daily returns of up to 300%. 

Apart from that, crypto mining and loan services are also on the table. What really goes on and how the fraud unfolds is what we’ll be discussing. 

Lack Of License

The first and most solid reason not to trust an investment company is the obvious absence of a valid license. As a financial service provider from the UK, as the website alleges, they’d need a FCA regulation that they do not own!

Upon closer inspection of several other prominent Tier 1 regulators’ databases, it appears that the scheme isn’t licensed by any authority. Also, an independent, self-regulatory organization, The Financial Commission has blacklisted this domain. 

This instantaneously renders this trading platform as unsuitable for investments and their claims of quick wealth cannot be trusted. 

Another service provider with just as shady legal background and without proper fund protection or compensation plans is 2Invest.

Obsessive Phone Calls Strategy

One of the quickest ways to get under a target’s skin is by relentlessly calling them on the phone for days on end. The boiler room agents paid by the fraudsters tirelessly try over and over again to convince victims of huge riches waiting for them. 

The only requirement is to start investing. This sum gradually increases as the extortion prolongs. That’s what clients from these states have to say about this anonymous firm offering constant profit: 

• United States
• Australia
• South Africa
• India
• United Kingdom

Facebook and WhatsApp are just some of the social platforms where the con artists lurk for victims. Beware which sites you sign up with. Don’t leave your personal information just anywhere where fraudsters can get their hands on it.

Undetermined Costs 

Reading the legal documents, you’ll find the company claiming to be obligated to disclose all the relevant information about trading to each investor. 

However, after signing up, nothing changes and the website is just as untransparent towards the customer as it is to any visitor. None of the trading parameters, commissions, taxes and other costs are known. 

LQDFX is also a firm you can’t trust based on their empty promises and claims.

3-Level Referral Bonus

Another common investment trap is bonuses. In this case, the shady platform offers commission per every new victim that signs up following your referral link.

This is a 3-level-scheme that claims to bring you 5% for first level referrals and 1% profit from your 2nd and 3rd level affiliates.

Non-existent Trading

The trading features are so opaque, it makes us wonder whether any trading is even possible. The outlined investment plans make some ludicrous ROI, but the alleged trading platform is nowhere to be seen.

Additionally, the company allegedly provides crypto trading and mining services, but does not disclose any related information, even in the client section.

Is There A Trading Platform At All?

When it comes to Bitfx Traders platform, the swindlers claim to provide the high quality MT5. While this is a renowned and versatile software with a long track record, it doesn’t appear anywhere on the site.

There’s no download link, or any additional information about how a client might procure the program in the first place. Additionally, there are no special features or utilities that would allow a client to follow the status of their investment plan.

Assets Only Advertised

As we mentioned before, the company advertises a multifaceted business. Too bad they can’t make up their mind about what kind of service they want to offer.

On one page, the fraudsters claim to offer Forex, Commodities, Stocks and Indices, on other it’s Forex, Cryptocurrency, Cloud Mining and Loans, and the customer service only says they offer investment plans only. In reality, all they do is scam people for money.

Unreal Investment Packages

It’s an understatement to say that the Bitfx Traders accounts are unrealistic. Take a look at what they promise and at what cost:

• Basic Plan- min deposit $100, ROI of 15% after 24 hours
• Premium Plan- min deposit $500, ROI of 25% after 48 hours
• Advanced Plan- min deposit $1,000, ROI of 45% after 72 hours
• Pro Plan- min deposit $2,000, ROI of 60%, after 96 hours
• VIP Plan- min deposit of $5,000, ROI of 100% after 7 days
• VIP Plan II- min deposit of $10,000, ROI of 200% after 10 days

Crypto Payments Only

The only transfer methods accepted for Bitfx Traders withdrawals are crypto currencies. Not only is the firm forcing anonymous transactions and therefore ensuring its identity is safe and concealed, but you have to pay fees upfront.

To allegedly withdraw your profit, you have to instantly deposit the amount equal to 30% of the profit you’ve made. Way to steal more cash apart from rushing clients into buying seemingly lucrative plans! 

More Solicitation In Customer Service

Live chat customer support is available through the website, as well as the WhatsApp online chat program. The support agents will contact you first if you have been loitering on the website for some time.

While this may seem like they are always on hand to help, the reality is different. None of them could answer any of our questions about the company, they only exist to solicit further spending from the clients.

How To Combat Scam

It is highly advised that you always double check your financial services provider before senselessly throwing money into the grinder just because a stranger over the phone guarantees quick riches. As good as these artificial deals sound, you can be sure that they’re completely made up and illegal. 

Consult our legal professional team for help in fund recovery. The quickest way to book your free consultation is via the Online chat feature on our site.

FAQ Section

What Is Bitfx Traders?

It’s an investment platform that guarantees high returns on investments but is actually blacklisted and illegal.

What Payment Options Does Bitfx Traders Accept?

They allegedly accept Perfect Money, Payeer, Bitcoin, Ethereum, Litecoin, and Bitcoin Cash.

Is Bitfx Traders Trustworthy?

No, this firm is a complete scam and will defraud you by snatching your investment. If you need to recover your deposit, please contact our legal service.

The alphasoft.ai website is identical to the one used by forrestfx.com, finexleaders.com, lendowl.co . Although there is no concrete link between these frauds, the similarities imply that they are affiliated in some way.

See the remainder of our Alphasoft.Ai review, as we dissect this problematic platform in detail, and examine how these faux brokers operate.

Evidence Of Alphasoft.Ai Scam

Alpha Ai Softwares is an alleged Switzerland-based brokerage brand regulated by the Crypto Conduct Authority (cryptoconductauthority.com). 

Firstly, the HQ address is fake. Secondly, this business is blacklisted in the very jurisdiction where they claim to operate from. The public alert was issued by the main financial body in Switzerland – FINMA. Lastly, the claimed regulation comes from a notoriously known false regulator whose site was flatlined due to all the complaints and illicit activities.

Not being present in any public commercial register kept by FCA, BaFin, CySEC, ASIC or another prominent regulator, makes this trading portal illegal. The same stands for Neo Omatic, which doesn’t provide segregation of funds, risk-controlling measures or compensation plans.

The Inner Workings Of A Scam

Judging from the WhoIs register, the domain was launched in September 2022, targeting these particular areas:

• United Kingdom
• Germany
• Netherlands
• Belgium
• Pakistan

The firm actively advertises their services on Facebook and Twitter social networks, in order to reach out to a larger audience. In a similar fashion to Investo Capital FX, boiler room agents tirelessly sift the WhatsApp phone register in search of new people to victimize.

Their approach is to encourage quick and emotionally driven spending from the clients. Once the money is in their grasp, however, it is difficult to recover without the aid of professionals.

Hiding Behind A Veil Of Lies

The promise of a reputable brokerage based in Zurich is enough to persuade some people into carelessly investing with these fraudsters.

In order to make their services seem dependable, this company employs review seller networks to artificially boost their reputation on TrustPilot. One of the signs of this sort of activity is the lack of comments on other platforms like SiteJabber.

Industry Average Costs

False Forex dealers may publish on their websites whatever they wish. In that sense, you will see this platform alleging to provide the most competent spreads on the market. Trading costs on most popular currency pairs like EUR/USD start at 1.5 pips for the basic account and can get as low as 0.2 pips with the most expensive package.

Leverage gets higher with each pricier account. In accordance with that, the ratio ranges from 1:10 to 1:50, which is still against the EEA regulatory directives.

Bonuses With Conditions

When it comes to trading with unregulated entities, it isn’t a rarity to be awarded with deposit bonuses. With this one, you can get up to 100% bonus reward depending on the account type you choose. 

Terms and Conditions docs propose a malicious condition following these. In order to withdraw your bonus, you have to perform a trading volume of at least 30 times for each €1 bonus.

Underwhelming Trading Features

Since we know these schemes use deception to entrap their clients, gauging the quality of service from website advertisements alone is ill-advised.

The website registration doesn’t seem to work properly, which unfortunately prevented us from creating an Alphasoft.Ai login. The company does provide some rudimentary access to the trading platform, however, so we did gain some insights.

Extremely Basic Software

The Alphasoft.Ai platform relies on false advertisements rather than factual truth. Although the broker claims to have an award-winning platform, the software they really provide is a web trader.

None of the claimed advanced features are available, as the program only provides a basic charting utility. Other than that, clients may buy or sell the selected asset, with some rudimentary stop loss functionality.

Only Most Traded Asset Groups

You cannot expect an unknowledgeable service provider to offer anything more than the industry average, or even less than that. That’s why the instruments proposed by this faux service provider are only the most traded ones:

• Forex (EUR/USD, USD/GBP, EUR/CHF)
• Stocks (3M, Alcoa, Coca-Cola)
• Commodities (Soybean, Wheat, Coffee)
• Indices (CAC 40, FTSE 100, HK 50)
• Crypto (BTC, ETH, LTC, ADA, DOT)

Worthless Yet Overpriced Packages

Each of the Alphasoft.Ai accounts are promised to be especially tailored to provide distinct advantages. Sadly, except for the distinctively high prices, we couldn’t find anything of value that these packages have to offer. 

All of the promises about premium signals, account managers and similar mambo-jumbo is what financial swindlers usually vouch for. Nonetheless, the prices are exorbitant:

• Basic – 500€
• Bronze – 10,000€
• Silver – 50,000€
• Gold – 100,000€
• VIP – 250,000€

Fraudulent Payment Strategy

Alphasoft.Ai withdrawal features a two-stage authentication system for payouts. This system is not electronic, as the company doesn’t employ automatic transaction processing.

Instead, the payout must be approved by the account manager first, and the “Risk Management team” afterwards. A withdrawal request is billed $50, no matter whether it will eventually be approved or not. This allows the schemers to drain the account balance with no repercussions.

Don’t waste your time and breath attempting to argue with these con artists. Contact our legal team via the live chat, and book your free consultation in order to start a chargeback instead.

Chatbot As Customer Support

One of the support methods includes the live chat featured on the site, while the other relies on WhatsApp messaging service. The self-proclaimed brokerage also says that their support agents usually reply in a couple of minutes, which couldn’t be farther from the truth.

We couldn’t establish any contact with a real, live person at all, instead our messages were always delegated to a chatbot.

Need Help With Recovery? Contact Us Today!

No matter how you cut it, there isn’t even a smidgeon of legitimacy to this broker. Their website is based on a frequently used template, and is full of lies and deceptive claims.

Having your assets stolen by such illicit entities is nothing to be ashamed of. These are professional con artists, and are well versed for their dirty business. Our experts are equally experienced when it comes to scam recovery. Get in touch via the live chat, and start your chargeback today!

FAQ Section

What Is AlphaSoft.Ai?

The site is a complete and utter fraudulent scheme allegedly based in Switzerland but blacklisted by FINMA.

Is AlphaSoft.Ai Safe?

No, the absence of a license cannot guarantee safety. Please refer to our legal support if you wish to recover funds stolen by this false service provider.

How Do I Request A Withdrawal From AlphaSoft.Ai?

Payouts may be requested from the company through the client area, and must be approved by several different people before they allegedly come through.

The first thing you realize is that Capitalco doesn’t reveal any legal information whatsoever. Therefore, you might wonder why they created their website. Obviously, this brand aims to promote trading with an offshore-regulated branch of FxPro.

Anyway, this Capitalco review will bring you all the necessary facts you’ll need to see if you should invest there or not. Ultimately, the choice is yours.

Legal info: Is Capitalco Legit?

Fairly, the Capitalco website looks like any other mediocre broker who didn’t succeed. They provide just brief information about the company’s headquarters in Bulgaria. Besides that, none of the other relevant details are present, at least not about Capitalco.net. 

Instead, they are revealing all the security features of the FxPro.com trading brand, such as segregated bank accounts for deposits and FSCS compensation schemes. Still, does that make them trusted or not, we are about to see. In any case, Capitalco is not a regulated entity despite the advertised license from SC Bahamas.

Who are Capitalco’s Clients?

Since Capitalco reviews are missing, we will have to check FxPro.com reviews as well. These reveal that most of the company’s customers come from: 

• United States
• Spain
• Australia
• Canada
• France
• Germany

This is quite surprising since the company claims not to offer services to the US, Iran, and Canada through this branch. They are not licensed to provide services in Australia or Germany. Anyway, if you are one of the traders coming from these countries, feel free to book a consultation with our refund experts at any time.

Traders Reviews

Even though Capitalco regulation doesn’t exist, the brand they are introducing has some licenses at least. Still, it’s quite surprising that almost 30% of reviews on Trustpilot are negative. Take a look and decide for yourself if this partnership can be trusted. 

Once you make a conclusion, feel free to contact us and explore additional options.

Leverage, Commissions, Spreads, Fees and Taxes

Generally, Capitalco Forex introducing broker does not reveal any trading conditions whatsoever. These solely depend on the advertised brokerage. Luckily, there is information available about the leverage. It tells you that in the end, with leverage of 1:200, you might not be that safe.

But on the positive side, traders can get spreads from 1.2 pips on the starter account and a commission of a maximum of $3.5 per lot per side on higher-scaled accounts. Fairly, nothing that you can’t get with any other top-tier licensed brand.

Bonuses

Bonus offers are often a good way to motivate traders to trade or deposit more. Yet, with Capitalco broker, such features are missing. But it might be a positive thing knowing how bonuses can affect withdrawals. To see those tricks in action, read our StellarFX review.

Capitalco Trading Features

In general, all the features offered look quite decent. Yet, it would be far better if those were backed up by a tier 1 license instead of an offshore one. Anyway, traders can enjoy numerous advanced options with the available platforms. Primarily Expert Advisors features, social and copy trading.

Trading Platforms Available

Without a doubt, there are all top three platform choices available with this broker. Those are cTrader, MT4 and MT5. 

Besides, traders can opt for the FxPro proprietary platform as well. However, with all those negative reviews, it might make you wonder if the platform is a relevant metric at all.

Available Trading Assets

Tradeable assets are undoubtedly a positive aspect here. With numerous options available, traders will have various options to diversify their portfolios. 

Some of the options are: 

• Forex – USD/AUD, NZD/HKD
• Indices – DAX30, FTSE100
• Commodities – natural gas, palladium
• Shares – Amazon, Walt Disney
• Cryptocurrencies – BTC, DOT

Account Types

Overall, Capitalco broker doesn’t reveal any account options. As can be seen, their whole purpose is to redirect clients to the offshore broker they are promoting. 

Therefore, you’ll have to look for answers to all options and questions. Anyway, the minimum requirement is not revealed, but it’s good that micro accounts are available.

Mobile Trading App

Another key fact is that all the mentioned platform solutions also offer dedicated mobile apps. Consequently, iOS and Android users won’t have to worry about unoptimized features on their devices. 

But to see how that can affect your trading results, check our AFS Equity review.

Demo Account

If you are still unsure about investing with this broker, you may as well sign up for a demo account. Most importantly, there are no limitations, and you can use it freely for as long as you want. Still, it’s much better doing that with top-tier licensed firms.

Education

When it comes to education, you will see that Capitalco offers its 60-second academy. Thus, with all the video material they provided, it looks much longer than 60 seconds. But only from YouTube. 

Currently, those videos are not accessible because the account was terminated. Anyway, it’s not the education traders are looking for.

Capitalco Withdrawal

Important to note is that traders depositing through Capitalco don’t deposit with them specifically. Therefore, the Capitalco withdrawal conditions are not necessary. 

Instead, you should be watching those presented by their partner. Sadly, the client agreement doesn’t reveal processing time or fees. To avoid any surprises, you might as well go with other tier 1 licensed investment firms.

Customer Support

If you are looking for some answers, Capitalco offers a phone line with Bulgarian country code and e-mail address. Yet, the working hours of their support are not disclosed.

Key Information To Consider About Capitalco

Since Capitalco firm is just an introducing broker to another firm, you might as well check the conditions of that other firm. Ultimately, it’s too many complications without a reason. Instead, you should check some brokers licensed by the FCA, ASIC, or BaFin, primarily because of the much safer trading conditions offered.

Anyway, if you have applied for an account through Capitalco and experienced some potential issues, don’t hesitate to contact us. After reviewing your case, we can definitely advise you on the next necessary steps.

FAQ Section

What is Capitalco?

Capitalco company is a Bulgarian-based company that is an affiliated partner of FxPro’s offshore registered entity.

Is Capitalco Regulated?

Capitalco itself is not regulated by any regulatory body. Primarily because they don’t provide direct investment services whatsoever. At least not that we know of.

What is a Chargeback?

Chargebacks are simply returned card transactions that occur after disputing the transaction. If you think that’s what you need, contact us for assistance.

Reliable. Simple. Innovative. Those are the major terms the Bits Panda scam uses to describe their services and platform. While that may seem reassuring, the red flags all over warns us about the real goals these fraudsters have. 

Warnings from the financial authorities can serve to solidify all your doubts you may have had about this investment portal. So keep reading this Bits Panda review as we dive into the dark truth tucked away behind the curtains.

Blacklists Say it All

The alleged “Certificate” the company puts on display on their web presentation is not quite what it should be. Opening the link to it leads us to a Norwegian business register, where we can find some basic details about where the company is located and when it was established.

FINANSTILSYNET is the jurisdictional regulator the firm was supposed to be licensed by. One look at their database shows they weren’t.

Since several regulators have established that this firm operates without a valid financial license, they’ve immediately placed the conduct on the warnings lists. The first public alert was issued by CNMV. It was later reposted by AFM, IOSCO, FSC, FSMA, A-TVP, and CONSOB.

The absence of some basic security measures is certain. Segregated accounts, leverage cap, negative balance insurance are all required from properly regulated sites. GTS Capital isn’t one of them either, so stay away from their site, as well.

How The Con Functions

The bits-panda.com domain has been around for quite some time, as it was launched in October 2022. The majority of victims are residents of these areas:

• Germany
• Austria
• Switzerland
• Italy
• France

None of the social media links found on the website actually work, and they only serve as another layer of deception. The firm has gained momentum with traders through the hard work of boiler room agents instead.

Like with the Cupiro scam, they use the old fashioned telephone pestering to get their marks to invest. Investments simply end up stolen by the swindlers, but the money can still be recovered with the help of our experts.

Unknown Terms Scream Scam

Since nothing in life comes for free, passive income doesn’t either. As attractive as these schemes can appear, they almost always lack transparency, especially when it comes to costs. No platform would survive without their commission, let alone earn money for you without taking their fair share of it. 

That’s why it’s impossible that the service is completely free of charge. No trading terms are known, either. That seriously undermines the platform’s credibility.

Features are Nothing to Brag About

Upon exploring the user area and the offered services, we found nothing substantial that could be described as worth the cash. None of the investments here will turn lucrative. You can make sure of that by simply taking a look at the (un)available features:

Trading Doesn’t Happen

Investment scams are one of the most common financial traps online. They claim to manage your funds and have experts invest and trade in your stead. That’s their leading reason why they do not offer access to a trading software. In reality, no trading terminal exists at all. 

When it is so, how are customers even expected to get any of the promised returns when money making doesn’t even happen?!

Crypto Trap

The crypto craze has been ongoing for a couple of years now. That has undoubtedly attracted scammers of all sorts to come up with various alluring traps. 

This textbook swindler claims huge gains happen when investing in crypto. What exactly currencies are available is not known. Also the prices of the plans are given in dollars, so no profit in crypto is calculated.

Selection of Investment Plans

As soon as you create a new Bits Panda account and access the user area, you are greeted with another server name – ENLARGEINVEST. This name isn’t mentioned anywhere on the site, so we assume it must be the con’s another project or similar.

Buying any of the overpriced Bits Panda investment packages won’t get you anything in return. So no matter how alluring they look, you might wanna rethink purchasing any of these:

• Starter plan – 6.5% in 24 hours – $100
• Advance plan – 10% in 20 hours – $1,000
• Classic plan – 7% in 12 hours – $10,000
• Premium plan – 5% in 6 hours – $20,000

Unsafe Transfers 

Monetary transactions on this investment portal are conducted via cryptocurrencies. Several available digital coins are BTC, ETH, BNB and USDT. As a matter of fact, to facilitate their process of snatching funds, these con men expect you to share your wallet details immediately upon registration.

We need not mention how dangerous it is to share your personal information with anonymous channels. Moreover, no legal documents clarify withdrawal details, so you can also expect hidden fees and other obstacles to your payout.

Contacts Not Available

Alleged immediate replies to the online chat questions actually never arrive. Besides the dead direct chat option, you can also attempt to contact the service provider via an online form and an email. Nothing, however, guarantees you’ll ever get a reply. 

Swindlers Took Your Cash? Fight Back For It!

Regulation is the most valid means by which you may gauge an investment firms’ credibility. Unfortunately, although this particular firm is legally registered, they operate with no license. This has prompted multiple regulatory bodies to place it on the blacklist.

The online frauds are becoming more and more widespread over the years. In most cases, however, the funds can be safely recovered. Book a free consultation with our professionals for more information.

FAQ Section

What is Bits Panda?

It is an unlicensed investment firm operating from Norway. The company has been placed on a blacklist due to the lack of regulation.

Is Bits Panda Legit?

No, this company is a fraudulent entity that does not have the necessary license to provide their services.

How to Recover Money From an Investment Scam?

Contact our recovery experts via the live chat on our website. We are available 24/7 for your convenience, and our first consultation is free of charge.