Whether you are an experienced trader or planning to embark on forex exchange markets, you might come across the Fivoro broker. At the first glance, its website may appear compelling. However, when you start digging deeper, you realize that it is nothing more than a fraudulent broker pretending to be a legit business to lure you into investing.

This shady brokerage firm is owned by an offshore entity, Urvashi Limited registered in Saint Vincent and the Grenadines. Adding to this, very little is known about Fivoro. After assessing its service, we can surely conclude that this fraudster is only skilled at deceiving traders. 

Please continue reading our Fivoro review to uncover the truth about this scamming scheme.

On top of that, we seriously recommend you not to invest in the fake brokers Equalpros, ImportCapital, and SevenSeasFX. Do not trade with these unlicensed brokers if you want to save your money!

Is Fivoro an Offshore Fraudulent Broker?

As introduced, Fivoro is an offshore-based broker, operating out of SVG. It wouldn’t be an issue if it were a licensed company. As a matter of fact, many legitimate businesses hold offshore headquarters but are also regulated at one or more onshore locations. But in this case, it raises a red flag since the combination of an offshore jurisdiction (especially SVG since it doesn’t control its forex market) and an unauthorized service is a clear sign of fraud.

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

As mentioned above, licensed brokerage firms also have HQs offshore along with licenses under financial market regulators such as ASIC, BaFin, and FCA. These financial authorities are considered top-rated due to exercising strict licensing measures. 

For example, a broker must meet minimum operating capital requirements (up to several million dollars). In return, traders of authorized forex providers are covered by indemnification programs (up to 100K USD).

Other than this, certified companies ensure the safety of your funds by maintaining a secure trading environment. This is done by implementing risk management strategies such as negative balance protection and segregated accounts. All in all, trading is risky per se, hence, it is recommended only to invest with genuine forex brokers.  

Fivoro: A Trustworthy Broker or a Scam?

Fivoro is an illegal broker operating without license and regulations. It is based at an offshore safe haven, SVG, which has weak control over its brokers. Also, it fabricates its trading certificate issued by a bogus organization.

What Trading Software Does Fivoro Offer?

When it comes to the Fivoro trading platform, it is subpar trading software — a web trader. It is good to some extent but its generic tools are insufficient for successful training. In particular when it is compared to the latest trading programs like MetaTrader 4, MetaTrader 5, cTrader, and Sirix. These trading platforms are synonyms for the profitable and safe trading experience because of their advanced features such as social trading, EAs, one-click execution, unlimited pending orders, and stop loss. On top of this, they are user-friendly and accessible from different devices.

Fivoro Accounts Overview

With reference to account types at Fivoro, here is a quick overview of them.

• Student: 250 USD minimum deposit
• Standard: 5,000 USD minimum deposit
• Investor: 10,000 USD minimum deposit
• VIP: 50,000 USD minimum deposit
• Platinum: 100,000 USD minimum deposit 

When you compare the Fivoro minimum deposit with the industry standard, you realize that it is several times higher. Besides, why risk when you can start trading with leading brokers for under 10 USD?       

Earn or Invest

This unscrupulous broker offers something called earn or invest. The first option allows traders to buy/sell digital currencies with fast execution and benefit from staking — ensuring larger profits. This company even promises to provide crypto loans in return for deposits in cryptocurrency. As for the second option, traders get advice on the best deals — Fivoro claims its predictions are 90% accurate. It also assigns account managers to minimize risks arising from the volatility of crypto assets. Overall, earn and invest options are just as trustworthy as this broker.

Certificate of Membership

Concerning a certificate of membership, it is presented on the Fivoro website and is supposed to serve as evidence that this broker is verified and trusted. According to this so-called certificate, Fivoro is licensed by Crypto Commission Authority (CCA). The CCA also reportedly compensates traders for up to 100K USD in the case of disputes. However, the question remains who the CCA is? There is no such thing as an authority that regulates only the crypto market. Therefore, the CCA is a self-proclaimed regulator and is as fraudulent as Fivoro.

Bonus Condition

As it goes with scam brokers, they offer generous bonuses that always come with strings attached. By doing so, they want to entice you into trading and don’t want to give but to take from you. The same applies to Fivoro. Regarding its bonus policy, the availability of bonuses can suddenly change. It means that you can deposit money here in the hope to be rewarded, but you get nothing because this broker holds the right to do as it pleases and does not even notify you about any policy alterations. It also stipulates that bonuses can’t be withdrawn.

Fivoro – Countries Of Service

Apropos of countries of service, Fivoro is not authorized to operate anywhere. Still, it continues to render financial services scamming traders from

• Germany
• Netherlands
• Belgium
• France

If you reside in any of the above-mentioned countries, watch out for this illicit broker and its dirty tricks. In your case, the best option is to trade with brokerage companies approved by BaFin, AFM, FSMA, and AMF.

Also remember the names of the Buffets Finance and EarningCrypt trading scams and avoid them at all costs! Moreover, always check the background of online trading companies before investing!

Leverage, Minimum Deposit, and Fees

In connection with leverage, it is handy for making profits. However, it is also a risky tool that must be tread carefully. For this reason, many jurisdictions limit a leverage ratio for retail traders (e.g., 1:30 in the UK and EU). As discussed, fraudulent brokers don’t care about your financial well-being. Thus, Fivoro offers 1:500 leverage (on 1 USD, you earn 500 USD) just to draw your attention. 

As for a minimum deposit, we have already pointed out that Fivoro’s 250 deposit doesn’t comply with the industry norm but aligns with other trading scams. In addition, Fivoro doesn’t reveal any costs related to trading. However, we have a reason to believe that trading is pricey here.

What Is Known About Fivoro’s Trading Conditions?

While on the subject of trading, Fivoro trading conditions are pretty much unknown. Nevertheless, since it is an obvious cyber fraud, traders can expect nothing but adverse terms of exchange. 

In relation to a deposit and withdrawal method at Fivoro, it is as safe as this broker. That means that traders can transfer funds to and from their accounts only via crypto wallets. That wouldn’t be an issue if it were a legitimate brokerage company. However, in this case, it is a warning sign since crypto payments are anonymous and difficult to chargeback. But more on that in the following heading. 

Scammed by Fivoro Broker? – Let Us Hear Your Story

In case you are defrauded by Fivoro, don’t be ashamed because scams can happen to anyone. It is important to act immediately. First, inform the relevant authorities. Then, apply for a chargeback. Finally, alert others by leaving negative Fivoro reviews on the web. 

But What Is A Chargeback?

If you don’t know what a chargeback is, it is a process of getting your money back. Chargebacks are not so complicated with credit cards and bank transfers because both of these options can be canceled. On the other hand, it is more challenging to retrieve funds misappropriated through crypto payments. Anyway, with chargeback specialists, it is doable. Thus, you can get in touch with our company for assistance with any type of cashback.

What Is Fivoro?

It is a bogus brokerage firm with no license and regulations.

Is Fivoro a Scam Broker?

Yes, it bears all the hallmarks of a broker scam — from being anonymous to giving false promises.

Is Fivoro Available in the United States or the UK?

It is not available in the US but is in the UK. Still, it operates illegally and doesn’t comply with the law of any jurisdiction.

Does Fivoro Offer a Demo Account?

No, it doesn’t, which is common for all scam brokers.

Unfortunately, many users start reading reviews only after falling victim to scams. We sincerely hope that you are not one of them!

However, if you’re here because you suspect that your investment isn’t in a safe place, know that you have the right to claim funds back!

Report a Fraud Case & Claim a Refund from Scammers

Legal Procedures for Recovering Your Money from Scammers Offer a Good Chance of Success. Start by Simply Reporting the Fraud.

File a Complaint

CoinEvo is another offshore company on the market that has found its place on regulatory warning lists. We want to show you why you shouldn’t trust the firm and what to do if you have already fell victim. Read our CoinEvo review and you will see it all.

What About CoinEvo Regulation?

CoinEvo is a brand of Lilac Group LLC from Saint Vincent and the Grenadines. This offshore island has no financial regulator in charge of Forex or binary options firms. Thus, CoinEvo needs to opt for a license in the Tier1 zone from regulators such as FCA, ASIC, or BaFin.

Why Is It Important For A Broker To Be Licensed?

Every financial license provider has its own set of requirements a company needs to fulfill before getting a regulation. The firmest is the Tier1 zone, where every investment firm ought to have a compensation fund to reimburse potential victims.

Our research has shown that CoinEvo never even applied for a license and provides financial services illegally. Since this is the situation, being a victim was never easier.

On top of that, we want to invite you to read our recently updated reviews of the scam brokers Crypt Node, Cryptwise and Aax. Be careful with these brokers.

CoinEvo Warnings From Financial Regulators

CoinEvo has been warned by the Italian regulator CONSOB due to scams. This authority body added coinevo.co to the list of fraudulent domains and warned its citizens not to deal with the company.

The Belgian FSMA later issued a similar warning.

And the Slovenian A-TVP.

Traders Reviews About CoinEvo

CoinEvo reviews are pretty negative. Traders explain how they were approached via social media or through fraudulent ads and lured into investing. Once they transferred their life savings, the broker froze their investment accounts and simply vanished.

What Platforms Does CoinEvo Offer? – Available Trade Software

The trading company offers only proprietary WebTrader.

WebTrader Platform

If you’re looking for a definition of basic web software, check out this WebTrader. It has only primary functions – asset overview, balance overview, and several charts and indicators. Any advanced features, such as EAs and social trading, are not enabled.

What Platforms Provide Safe Brokers?

Legitimate firms usually provide credible investment software such as MT4 or MT5. Besides the vast number of trading tools, MetaTrader is quite known for its safety and security of funds.

All About CoinEvo Accounts

Clients can choose between 3 CoinEvo account types:

1. Cent – $250
2. Pro – $2,500
3. Pro+ – $25,000

Accounts differ in spread and commissions, while other differences are not disclosed.

CoinEvo Broker – Countries Of Service

The majority of complaints about the CoinEvo trading scam come from:

• UK
• Italy
• Croatia
• Albania
• Netherlands
• Spain

CoinEvo Range of Trading Instruments & Markets

The broker offers its traders all 5 major markets, including:

• Currency pairs – majors and minors
• Commodities – metals and agricultures
• Indices – US, Asia, and Europe
• Shares – major companies
• Cryptocurrencies – BTC, ETH, XRP

At the same time, avoid scammers such as StocksKey, Finazio and Capital Index Fund. However, If possible, tell us about your scam experience.

CoinEvo Minimum Deposit

The broker requires a standard minimum deposit of $250 for the Cent account. However, regulated firms have Micro accounts starting with as low as $10, so we see no reason to risk big money with an offshore scheme.

Scam Bonus Policy – As A Way To Keep Your Money

The company has a typical scam bonus policy requiring you to pay the bonus plus the initial deposit 25 times before being eligible for withdrawals. This is another scam tactic to force you to invest more funds and reach the necessary rollover sooner. However, the more you invest, the more you’re risking losing with this illicit brokerage.

CoinEvo Unfavorable Trading Conditions

CoinEvo has quite unfavorable trading conditions. For instance, the spread starts at 1.3 pips for EUR/USD pair, while the leverage is not disclosed. Besides, clients have to pay a commission of $3.4-4.1 per lot, depending on the account type. Instead of costs reducing and conditions improving with more funds you invest, the broker does the opposite. The more you invest, the more you’ll have to pay. A great way to dissuade you from investing.

CoinEvo Deposit, Withdrawal Methods, and Fees

The firm accepts the following payment methods:

• Debit/credit cards
• Wire transfers

The minimum deposit is $250, and the withdrawal is $100. Besides, there are some hefty fees of 25 units for card withdrawals and 50 units for bank transfers.

Scammed by CoinEvo Broker? – Let Us Hear Your Story

If you were scammed by a CoinEvo broker, let us know. Our chargeback specialists are here to hear your story and help you recover your funds.

But What Is A Chargeback?

This is a way for your bank to recover the funds directly from the merchant. Contact us via online chat to book a free consultation, and let’s recover your funds before it’s too late.

What Is CoinEvo?

CoinEvo is an online Forex and CFD trading provider without a license.

Is CoinEvo a Scam Broker?

The company has been blacklisted in Italy, Slovenia, and Belgium for scam activities.

Is CoinEvo Available in the United States or the UK?

The broker provides its services in both countries without approval.

Does CoinEvo Offer a Demo Account?

There’s no CoinEvo Demo account, only Live types.

Unfortunately, many users start reading reviews only after falling victim to scams. We sincerely hope that you are not one of them!

However, if you’re here because you suspect that your investment isn’t in a safe place, know that you have the right to claim funds back!

Report a Fraud Case & Claim a Refund from Scammers

Legal Procedures for Recovering Your Money from Scammers Offer a Good Chance of Success. Start by Simply Reporting the Fraud.

File a Complaint

RealFXPro is another offshore broker on the market. Logically, you will ask yourself if it is legit. Can this broker scam you? We did our review to figure out this and much more. Read our in-depth RealFXPro review and see why this broker is so poorly rated.

Regulation and Security

The broker is based in Saint Vincent and the Grenadines. On its website, the company stated that it’s FCA regulated. However, once we checked the FCA register, we discovered that the company doesn’t exist. It’s just a clone firm. It is using someone else’s registration number. Major red flag at the very beginning. When it comes to the security of the funds, the broker gives no information whatsoever. The website is not in function currently.

So far, for the sake of our reviews, we can say that this broker is not safe.

RealFXPro Warnings

As previously mentioned, RealFXPro is using someone else’s registration number with the FCA for its false statements. Therefore, FCA issued a warning against this broker as a clone firm. Also, they invited everyone to report this broker’s activity.

Besides FCA, IOSCO (International Organization of Securities Commissions) reported RealFXPro as not a legit broker last week.

We strongly recommend you not to take any offers from this broker!

In which countries does this broker work?

Since RealFXPro is not regulated by any regulatory body, it cannot provide financial services anywhere. However, the broker is very poorly rated, especially by traders from the UK and Australia. When it comes to restricted areas, looks like this broker does not stop itself from performing scam anywhere.

If you ever come across this broker or get an offer from its agents, we strongly recommend you not to go for it. There are many companies regulated by FCA, ASIC, or any other regulatory body that are legit.

How Online Trading Scams Work

Since the Forex market exists, scams are part of it. Every day $5.1 trillion is traded on this market. Unfortunately, some companies are using this fact to earn money in a bad way. Usually, everything starts with your registration with a not legit broker. Like it’s the case with RealFXPro, some brokers are adding to their website fake regulation. You think that you are in the right place, with the right company. Some person gives you a ring representing itself as the market expert that can help you make a lot of money. It’s all a nice story to convince you to add more money. And you do it. Because you believe that this money will grow, and your future will change. But not so long after, you understand that you cannot withdraw your funds. And you understand that you’ve been scammed. 

What to do if you got scammed?

If you got scammed by RealFXPro, the most important thing is to report it immediately. As you’ve seen throughout our review, this broker is not regulated. Therefore, you have no regulatory body that will return you the funds. You need to act by yourself. How?

Chargeback Is Your Solution! You need to file a dispute and request your money back.

In case you are wondering. What is a chargeback?

Chargeback is a way for funds to be returned to your card in case of online scams. If it happens that you paid for a product or service, and you didn’t get it, you are entitled to chargeback.

Get in touch with our staff today and let’s start the procedure immediately!

Is RealFXPro a good broker?

RealFXPro is a scam broker with fake FCA regulation on its website. We strongly advise you against trading with this broker.

Is RealFXPro a Scam?

Yes. The broker is falsely representing as FCA regulated broker. Be aware of the RealFXPro scam.

Is RealFXPro regulated?

No. RealFXPro claims to have an FCA license, but it’s just a clone firm with no regulation.

Where is RealFXPro broker based?

RealFXPro is based in an offshore country, Saint Vincent and the Grenadines.

Unfortunately, many users start reading reviews only after falling victim to scams. We sincerely hope that you are not one of them!

However, if you’re here because you suspect that your investment isn’t in a safe place, know that you have the right to claim funds back!

Report a Fraud Case & Claim a Refund from Scammers

Legal Procedures for Recovering Your Money from Scammers Offer a Good Chance of Success. Start by Simply Reporting the Fraud.

File a Complaint

Googling the internet for online financial trading services can bring you to the Trade Capitol broker. At first, you might be interested in its offering, however, don’t buy it; better read this Trade Capitol review instead. 

In our Trade Capitol detailed review, you will find out the reasons why investing with this phony broker is not recommended. Before moving forward, just a few words about us, we are a team of experts assessing and exposing bogus brokerage firms scamming traders from: United States, United Kingdom.

So, let’s start with a quick overview of Trade Capitol. It is registered in Saint Vincent and the Grenadines under the name of Eunoia Group and has no license or regulations. Its services are based on a pack of lies. Overall, it bears all the hallmarks of a broker scam. Thus, please continue reading.

What is more, we strongly advise you not to invest in Motion Markets, GP Finance and DotBig fraudulent brokers.

Is Trade Capitol a Regulated Forex Broker?

As introduced, Trade Capitol operates from an offshore hideout, SVG. Why do we put it that way? Well, SVG is considered a safe haven for offshore-based brokers involved in fraudulent trading activities since this country doesn’t regulate its forex market. Therefore, any unlicensed SVG-based broker is a potential fraudster.

The same applies to Trade Capitol since after checking the registers of the most respectful financial market regulators (e.g., FCA, ASIC, and BaFin) and broader, we couldn’t find any information on this shady company. That means that no one controls its activities and that it doesn’t abide by any legislation. Simply put, no safety for your funds. 

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

While on the subject of funds’ safety, it is ensured by regulations enforced and monitored by respective supervisory financial authorities. Authorized brokers can be trusted with the money since they comply with strict rules, implement risk management measures (negative balance protection and segregated funds), keep your money in premium banks, and are insured. 

For example, traders of FCA-licensed brokerage firms are covered against brokers’ insolvency with an 85,000 GBP compensation scheme. None of this you can have with unauthorized companies like Trade Capitol.  

So Is Trade Capitol a Scam?

Trade Capitol is a pure scam; although it has not yet been debunked, it definitely has all traits of a classic fraudster that will take any opportunity to con you out of money. So, be careful!

Does Trade Capitol Offer Safe Trading Software?

Safety and unlicensed brokerage firms don’t go together. That implies that you can’t trade safely on the Trade Capitol web trader. Regardless this fake broker professes that its trading software has advanced features, but it is inappropriate for successful trading. 

For getting the best out of trading programs, you need to choose MetaTrader 4, MetaTrader 5, cTrader, and Sirix. These leading-edge trading platforms are exclusive to legitimate brokers and come with plenty of sophisticated tools such as stop loss, unlimited pending orders, EAs, and copy trading.

Compatibility With Mobile Devices

Even though a web trader can be accessible from different devices, it is still a poor program. As we mentioned powerful platforms above, each of them can be used on both desktops and cell phones, either as a browser-based or downloadable version.

In addition, Trade Capitol doesn’t have a sole mobile trading app. On the contrary, leading brokers offer proprietary mobile applications available on Google Play Store and Apple Store. This enables you to trade with peace of mind anywhere, anytime. 

Trade Capitol Accounts Overview

When it comes to the type of trade accounts at Trade Capitol, there are several options such as follows.

• Beginner: 250 USD minimum deposit.
• Advanced: 2,500 USD minimum deposit.
• Professional: 25,000 USD minimum deposit.

Each of the accounts provides access to all tradable assets, including the following ones.

• Forex: EUR/USD, USD/JPY, GBP/USD.
• Stocks: Apple, Microsoft, Google.
• Indices: CAC40, DAX40, NASDAQ100.
• Commodities: metals (silver, gold, platinum), energies (crude oil, natural gas, gasoline), agricultural products (coffee, cocoa, cotton), and livestock (lean hogs, live cattle, feeder cattle).

Also, remember the names of the MorganFinance, Investirex and CFDtrades trading scams and avoid them at all costs! Moreover, always check the background of online trading companies before investing!

Does The Broker Offer A Demo Version?

Apropos of demo accounts, they rarely can be found with fraudulent brokers. A demo account is used for practicing trading, testing trading platforms and conditions, and developing strategies. Since it is free, scammers like Trade Capitol don’t offer it. 

Moreover, access to a demo account can reveal how bad the trading environment of Trade Capitol really is; that is also one of the reasons why this option is unavailable at Trade Capitol.

Too High Leverage, Minimum Deposit, and Fees

Another characteristic of fraudsters is providing too high leverage. In the same manner, Trade Capital offers a leverage ratio that is much higher than what is allowed, i.e., 1:600 compared to 1:30 (UK and EU) and 1:50 (US). 

Likewise, its minimum required deposit of 250 USD is several times higher than what legit brokers demand (e.g., less than 10 USD). In addition, this bogus brokerage firm guarantees that it doesn’t change deposits.

What Bonuses Does Trade Capitol Broker Offer?

Proceeding on this track, bonuses are also common in online trading scams. They are employed to entice people into trading but due to being used fraudulently, they are banned in many jurisdictions. 

However, since Trade Capitol is an illicit broker that doesn’t adhere to any law, it provides bonuses. Its welcome bonus ranges from 20% to 30%, depending on the account. Remember that bonuses come with strings attached and can’t be withdrawn.

What Do Traders Think Of Trade Capitol?

Checking Trade Capitol reviews on the web can just mislead you since the vast majority of them are fabricated to give a positive perception of this financial swindler. Counterfeiting customer reviews is one of the dirty tricks employed by scam brokers to build people’s trust. 

Therefore, don’t rely much on these public reviews. Better do your due diligence, check professional reviews like this one, and investigate if there are any warnings against a broker.

What Is Known About Trade Capitol’s Trading Conditions?

Concerning Trade Capitol trading conditions, they are as unacceptable as this broker. For example, this illegal broker manipulates spreads to make trading more profitable, e.g., starting at 0.1 pips. 

Regarding means of payment, a trader can use credit/debit cards and wire transfers for deposits and withdrawals. These are secure and convenient payment methods, hence, we are dubious that they are actually accepted here. It is because they enable traders to return the misappropriated money. But more on that in the following heading.

As regards payoffs and processing time, there is no info about that. Anyhow, it is unlikely that withdrawals are possible at Trade Capitol.

Scammed by Trade Capitol Broker? – Let Us Hear Your Story

Following the last argument, if you have deposited money to Trade Capitol, then you will be defrauded before you can say Jack Robinson. But don’t worry since getting your money back is possible. Firstly, don’t hesitate to inform the relevant authorities. Also, don’t forget to share your negative experience with others on the internet.

But What Is A Chargeback?

Speaking of retrieving your money, a chargeback enables it. In light of this, cashback is doable with credit cards, Visa and Master cards allow it within 540 days. Bank transfers can be canceled unless you haven’t already confirmed a transaction. Crypto payments are the most difficult to reverse and, as such, are frequently used by con artists.

If you need assistance with a chargeback, our chargeback specialists can help you with refunds no matter the payment method. Contact us today.

What Is Trade Capitol?

 It is an unlicensed and untrustworthy broker that will most probably defraud you.

Is Trade Capitol a Scam Broker?

Although it has not been yet officially exposed, Trade Capitol bears all the hallmarks of a scam.

Is Trade Capitol Available in the United States or the UK?

Yes, it is; however, it is not authorized to provide services anywhere.

Does Trade Capitol Offer a Demo Account?

No, it doesn’t, which is in common for all fraudulent brokers.

Unfortunately, many users start reading reviews only after falling victim to scams. We sincerely hope that you are not one of them!

However, if you’re here because you suspect that your investment isn’t in a safe place, know that you have the right to claim funds back!

Report a Fraud Case & Claim a Refund from Scammers

Legal Procedures for Recovering Your Money from Scammers Offer a Good Chance of Success. Start by Simply Reporting the Fraud.

File a Complaint

It seems we’re dealing here with an Anglo-Saxon financial market predator that kind of made it easy for the Golden Bridge Capital Review to bust its entire scheme. This is an outright scam, ladies and gentlemen. We’ve got so many pieces of evidence to choose from. First things first, let’s address the fact that the broker is unregulated and that its website is completely anonymous.

Furthermore, we strongly advise you not to invest in the bogus brokers Gain Trade, TIQ FX, and Capital Whale. If you want to save money, don’t trade with these unlicensed brokers!

Is Golden Bridge Capital A Fraudulent Company?

When someone says ‘golden bridge,’ there are probably two concepts that come to mind immediately – Golden Gate in San Francisco and the Golden Bridge in Da Nang, Vietnam. Neither have anything to do with Australia, our fraudulent broker’s alleged home. Nevertheless, perhaps the scammer was simply inspired by one of these bridges. We’ll let it slide.

However, what is inadmissible is that Golden Bridge Capital’s website is anonymous. Furthermore, the phony broker claims its owner company is GOLDEN BRIDGE CAPITAL FINANCIAL TRADING PTY LTD. 

Just to make sure, we access the database of the Australian Securities and Investments Commission (ASIC), which is a Tier 1 financial market regulator, and found data on GOLDEN BRIDGE CAPITAL FINANCIAL TRADING PTY LTD but nothing on Golden Bridge Capital. In other words, the two entities share no connection.

For a broker to operate in Australia, it must be licensed by ASIC. Otherwise, it’s a dead giveaway that you’re dealing with a scammer.

Golden Bridge Capital is a fraudulent broker that claims to be based in Australia and targets clients from the United States and the United Kingdom.

Scam Clone Sites

What’s even more disturbing about this particular fraudster is that it uses clone websites. Golden Bridge Capital has the exact same website as Victoria Capital, another illicit broker. The same mastermind is behind these setups. Both are allegedly based in Australia.

What Platform Does Golden Bridge Capital Provide?

Golden Bridge Capital was clever to mention the name Meta Trader 5 on its website. If you know anything about trading, you’ll instantly recognize that software, which is the industry’s best. Of course, as such, it is also the perfect bait to lure unsuspecting victims. Dealing with an unlicensed and shady broker will never be safe for your funds, regardless of the trading platform.

MT5 for IOS and Android

We highly doubt that this unscrupulous provider has any platform to offer, let alone MT5. Nonetheless, a word of advice. MT5 functions better on the PC. Mobile versions of that platform, albeit not bad, have minor issues that could hinder your trading experience. Don’t take our word for it, check out reviews on forum sites.

Golden Bridge Capital – Countries Of Service

Despite claiming to operate in Australia, this financial swindler targets mainly people from the United States and the United Kingdom. Thus, it is clear that speakers of English are the main prey of Golden Bridge Capital. Australian residents aren’t safe either. Therefore, if you are contacted by this fraudster, do not accept anything. 

What is more, we strongly advise you not to invest in Everrise Brokers, Meteor Trade and GMT Trading fraudulent brokers.

Golden Bridge Capital’s Trading Instruments, Conditions and Accounts

Come on, Golden Bridge Capital! You couldn’t put another 10 minutes of effort into writing this stuff? How is anybody supposed to take you seriously and believe you are legit?!

First of all, just listing a few trading assets without actually providing info on which instruments you offer is a red flag. A simple list saying Forex, indices, stocks and commodities means little without more details. Also, there’s absolutely nothing on leverage or spreads. We guess the fraudster likes blind dates but that does not mean you should too.

Moving on, there are no account types, just one simple live account option. Yet, it’s a broken link on the site. A legitimate broker will always offer clients a demo account option so they could see what they’re getting. Golden Bridge Capital has probably never heard of it. 

 All in all, we can keep bashing this fraud for days but we think we’ve left enough material here to convince you not to invest with Golden Bridge Capital. Add the fact that there is no license to that and voilà, you’ve got a preposterous scammer!  

Minimum Deposit and Withdrawal Terms

This is the last thing we’ll cover here because it is also crucial. Surprise, surprise, there is no information about deposits and withdrawals anywhere. No legal documentation whatsoever. Therefore, all we can do is guess which payment methods this pesky scammer accepts in order to tell you about possible ways of getting your money back.

From our past and vast experience, we know that these entities usually allow clients to pay via three popular ways, i. e. credit/debit cards, wire transfers and crypto payments. In the next section, we will tell you about how you could get a refund for each method.   

Scammed by Golden Bridge Capital  Broker? – Let Us Hear Your Story

If you’ve fallen victim to this terrible scheme, we feel for you. However, you have to keep your head up and consider the following refund methods – a chargeback, a recall and crypto tracing. Your chances may be slim but it’s definitely worth giving it a try. Also, you must act quickly!

But What Is A Chargeback, Recall and Crypto Tracing?

A chargeback is used to reverse credit/debit card transactions. It can be performed by the issuing bank within 540 days. A recall is a process of reversing wire transfers. The tricky thing here is that if the transaction is completed, the recall is impossible.

For crypto payments, you can trace the transaction to a wallet within a crypto exchange and then request a refund from the exchange.

What Is Golden Bridge Capital?

Golden Bridge Capital claims to be a financial market provider based in Australia.

Is Golden Bridge Capital a Scam Broker?

Golden Bridge Capital is a scam broker because it is anonymous and unregulated.

Is Golden Bridge Capital Available in the United States or the UK?

Golden Bridge Capital is available both in the US and the UK. In fact, it mainly targets people from those two countries.

Does Golden Bridge Capital Offer a Demo Account?

Golden Bridge Capital does not offer a demo account on its website.

Unfortunately, many users start reading reviews only after falling victim to scams. We sincerely hope that you are not one of them!

However, if you’re here because you suspect that your investment isn’t in a safe place, know that you have the right to claim funds back!

Report a Fraud Case & Claim a Refund from Scammers

Legal Procedures for Recovering Your Money from Scammers Offer a Good Chance of Success. Start by Simply Reporting the Fraud.

File a Complaint

Ever since binary options became illegal, many companies were scamming clients and just disappeared from the market. The website got shut down and clients lost all the access to their funds. Now, to see what happened with this particular company and what to do if you were scammed by the broker, read our SmartOptionFX review.

SmartOptionFX Details

SmartOptionFX Regulation and Security

SmartOptionFX claims to be owned by B.O. TradeFinancials Ltd and is based in Miami, US. However, many facts are opposing these claims. First of all, B.O. TradeFinancials Ltd is a company based in Cyprus that has a CySEC regulation. However, in 2018 this regulation was withdrawn. Another thing, you cannot be based in the US and have no regulation at all. This shows us that SmartOptionFX broker is not legal, not regulated, and most certainly not a secure brokerage.

Be aware of these facts when trying to find out what happened with your funds.

Warnings From Financial Regulators

As mentioned, SmartOptionFX claims to be owned by B.O. TradeFinancials Ltd. Since the company was CySEC regulated, this regulatory body blacklisted SmartOptionFX. They issued a warning against the broker stating that it’s a clone firm and you should not fall for their scam. If, however, you were scammed by SmartOptionFX, you should immediately file a complaint.

Can you make money with SmartOptionFX?

Since the broker’s website is shut off, there is a big question of what happened with your profits. Now, firstly, the broker is falsely claiming it’s US-based and EU-regulated. Meaning that you have no regulatory body to go to, and you need to find another way to withdraw your profit.

Besides this, the broker was offering only a web trader, the favorite tool of scam brokerages.

Since it was offering only binary options trading, as you already know, there is an 81% of chance for binary options traders to lose their money. When it comes to SmartOptionFX, we would say that the chances are increasing to 100%.

The minimum deposit with SmartOptionFX is $500. However, if you had a chance to deposit $500 with FCA, ASIC, or any other regulatory body-approved company, we are sure you would prefer that over a shady scam company such as SmartOptionFX.

There are 5 account types available with the broker, but when you try to check terms and conditions, there is no information about any of those. Among missing information is also the list of fees and commissions you will have to pay for trading with this fraudulent brokerage.

Be aware of these facts when opening an account with SmartOptionFX.

Scammed by SmartOptionFX?

First of all, you need to know you are not the only victim of the SmartOptionFX scam. There is a possibility to get your money back. If this or any other scam broker steals your money, you should file a dispute and request a chargeback.

But what is a chargeback? A chargeback is a way to refund your card in case you were scammed online. You have up to 540 days to file a complaint and submit the documents.

Contact our support via chat immediately and they will help you start the procedure. Get your money back as soon as possible!

What is SmartOptionFX?

SmartOptionFX is a binary options brokerage with no regulation.

Is SmartOptionFX a scam?

The broker provides a lot of fake information and has no regulation. We can say it’s a scam.

Is SmartOptionFX regulated?

SmartOptionFX is not regulated by any authority body.

Unfortunately, many users start reading reviews only after falling victim to scams. We sincerely hope that you are not one of them!

However, if you’re here because you suspect that your investment isn’t in a safe place, know that you have the right to claim funds back!

Report a Fraud Case & Claim a Refund from Scammers

Legal Procedures for Recovering Your Money from Scammers Offer a Good Chance of Success. Start by Simply Reporting the Fraud.

File a Complaint

Current ownership of the brand belongs to PrimeAsset Trade B.V. According to their T&Cs, they are registered in the Netherlands, but not US or UK as they primarily show.

But if the broker is licensed anywhere, none of that would matter really. Yet, without it, everything matters. All these irregularities and more details, you can find in this unbiased Prime Asset Trade review.

Legal Info: Is Prime Asset Trade Legit Or A Scam?

As the company comes from the Netherlands, it should have an AFM license. Yet, their register was empty upon search of this broker. Not a big deal if they have other top-tier licenses. For example, FCA, BaFin or ASIC. However, the results were the same.

But what came up about Prime Asset Trade scam broker is multiple warnings. Primarily from Spanish CNMV which is followed by republishing of Belgium FSMA.

Who Are Prime Asset Trade Clients?

As the analysis shows, the company mainly targets countries with weak regulations. Luckily, they are exposed and it’s a matter of time before they will vanish completely. Anyway, scammed traders mostly come from: 

• Turkiye
• Rwanda
• South Africa

If your country is not on the list, feel free to leave a comment below. But also to contact us directly if you need refund advice.

Investment Costs With Prime Asset Trade

Important to realize is that the Prime Asset Trade broker doesn’t reveal any trading conditions, not even the leverage. Practically, you are gambling with them and without regulations, they can make up any costs they want.

These are just some of the tricks scam brokers are using. More of those can be seen in our Coin2FX review.

Bonuses

At the moment, there is no visible information about the welcome bonus. However, the company offers a 10% referral bonus program. So the more people you make miserable, the more you gain. That’s the whole agenda of this scam broker.

Prime Asset Trade Trading Features

The company claims to offer capital safety and insurance, but also a regulated environment. However, they don’t reveal what software they are using. But instead of third-party options, like cTrader or MetaTrader, you can expect web trader. If there is any trader available at all.

Available Trading Assets

As can be seen, the company promotes only two categories. But the highlight is on highly volatile yet popular cryptos. The whole arsenal available is:

• Commodities – gold, crude oil
• Cryptos – BTC, DASH, DOGE

Account Types

Prime Asset Trade account types present you with fake investment plans. There are three choices. Of course, with a higher deposit, you get better conditions. But in this case, only the insurance percentage, which is also fake. The options are: 

• Starter – $100 / monthly withdrawal / 0.5% avg daily payout
• Basic – $500 / quarterly withdrawal / 0.4% avg daily payout
• Representative – $10.000 / quarterly withdrawal / 0.35% avg daily payout compounded

Mobile Trading App

Same as with the whole software technology, mobile apps are non-existent. Practically, this broker expects you to deposit your hard-earned money based on nothing.

They are not even professional enough to deliver proper trading tools.Note that they are not the only bad broker. You can find more irregularities in our FxActive Broker review.

Demo Account

A demo account with a scam broker is hardly possible. Primarily because scam brokers are hiding their flaws, but also trading conditions. Moreover, the ones that offer a demo are just to delude you to believe they are legit. However, without regulations, everything is just a farce.

Prime Asset Trade Withdrawal

In fact, for withdrawal options, the company only uses crypto transfers. Yet, processing time and fees are not revealed. 

But be aware of the different fraudulent schemes these brokers are using. Primarily non-existent AML laws and verification issues. This way they prolong withdrawal requests easily. They can also do so with non-existent fees or taxes which they require you to pay. But don’t be a fool.

Customer Support

According to the company they offer a UK phone line, most likely VOIP service. But also, there is e-mail, live chat and WhatsApp. Yet, we highly doubt they would accept any video calls.

In any case, the company doesn’t have any reviews online. Therefore, it’s hard to determine if their customer service is reliable or not. But after everything seen so far, you can pray for the best.

Key Information To Consider About Prime Asset Trade?

Considering all the downsides mentioned in this Prime Asset Trade Review, we wouldn’t trust this broker. Ultimately the choice is yours. But without regulations, transparent conditions and withdrawal policy, you can’t expect anything positive.

But finally, the thing you were waiting for. The ways to recover your money. Since the company mainly accepts crypto, you might need our CipherTrace technology. Our refund specialists are using it to track down crypto transfers to the original and verified crypto destination. Afterward, you can start the refund process. If you lost money to this broker, book your consultation now!

FAQ Section

What Does Prime Asset Trade Do?

Prime Asset Trade pretends to be a legit brokerage that offers commodity and crypto trading services.

Is Prime Asset Trade Trustworthy?

No. The company is not licensed by any trusted authority. On the contrary, there is a warning from Spanish CNMV issued against the broker.

How Does Prime Asset Trade Make Money?

This broker only makes money from your deposits. Try to withdraw money and see. But if you experience any issues, contact our chargeback team immediately.

Unfortunately, many users start reading reviews only after falling victim to scams. We sincerely hope that you are not one of them!

However, if you’re here because you suspect that your investment isn’t in a safe place, know that you have the right to claim funds back!

Report a Fraud Case & Claim a Refund from Scammers

Legal Procedures for Recovering Your Money from Scammers Offer a Good Chance of Success. Start by Simply Reporting the Fraud.

File a Complaint

As a reason for choosing this trading brand, the website lists a couple of false advertisements we always hear about when it comes to shady trading sites. Multi award winner, trusted by thousands to provide the most excellent service and trading conditions – that’s just some of the claims by this suspicious firm. 

In an attempt to capture your undivided attention, this sham will have you believe that they indeed provide a variety of services, tightest spreads, instant execution and most diligent customer support. However, our experienced eye has seen through all of the cheap tricks described in the following LonghornFX review.

Operates Unlicensed

The company is legally registered in Saint Vincent And The Grenadines, but there’s a caveat. Visiting the SVGFSA database will show you a pop-up that clearly says that this agency doesn’t regulate Forex brokers anymore.

Aside from not being regulated in their own jurisdiction, this trading house doesn’t hold a regulation from any reputable financial institution like FCA, BaFin, CySEC, CONSOB or any other.

In conclusion, no matter how attractive their offer may seem, you better find a legit platform for foreign exchange services so you can be sure your funds are safe and protected. At the same time, it is recommended that you read our take on CRG Investec, another untrustworthy scheme with a slightly different scope of business.

Inflated Reputation

After checking the legality, the next step is seeing what the clients have to say. We have, unfortunately, found some evidence of foul play on TrustPilot.

While the company has an extremely good reputation, all the positive comments have been posted in batches of about 5 at a time, which is indicative of the work of review seller networks. Our suspicion is further reinforced by the fact that there are no comments on other platforms like SiteJabber.

Hunting On The Web

The domain longhornfx.com was first launched in 2020, as we can see from the WhoIs database. Much of the traffic on the website can be attributed to these nations in particular:

• United States
• South Africa
• United Kingdom
• Malta
• India

This broker is quite active on social media, holding an account on Facebook, TikTok, and X. Although the firm doesn’t have their own profile on Instagram and Youtube, they act through some small-time content creators as an intermediary.

Many of the creators we mentioned double as boiler room agents as well, luring new investors into the trap with lies about high financial gains. Unfortunately, as the company is not exactly legal, recovering any of the invested money requires professional assistance.

Should You Believe These Terms?

The problem with dishonest firms isn’t just in the absence of regulatory standards. This concrete example doesn’t implement the regulatory rules in order to offer some extreme trading conditions like leverage of 1:500. What’s worse, it is advertised as a benefit.

Overly attractive spreads only add more doubts and questions about the credibility of the entire offer. Marketed trading costs are even below the industry average, while spreads are lower than 1 pip on EUR/USD. Trading commission applied is $6 per lot traded.

More Added “Benefits”

Often advertised way of making an additional income or stable profit on these platforms is via affiliate programmes. All you’re expected to do is promote the company on your social network profiles and get new customers to sign up, too. Your profit is promised to be 50% of the commission added directly into their affiliate account.

Trading Environment

Information we found about the trading features leaves much to be desired. The content on the longhornfx.com urges the site visitors to create a trading account on multiple occasions, but the company never discloses what these accounts encompass. We have encountered some issues with the trading applications as well, and the coverage of instruments is not exactly transparent.

Poor Software Integration

The industry standard MT4 software is available with this broker. Its functionality is diminished by the poor implementation of the software, however.

As with the Grandva Capital scam, this software is manipulated to make the traders lose more money. Still, the main trading app is MT4 web, but accessing it is blocked for accounts that made no deposits.

Mobile App Support

The MT4 mobile is available with this company. It may be downloaded via the AppStore or Google Play, but only as a generic version of the software.

Accessing the broker’s actual server requires further customization, which gives scammers the room to manipulate the app.

Available Trading Instruments

The company advertises some 175+ different trading instruments, but outside one single banner on the website, there’s basically no information.

Here is what is allegedly offered:

• Forex (EUR/USD, USD/CHF, AUD/CAD, GBP/JPY)
• Cryptocurrency Pairs (BTC/USDT, ETH/USDT, XRP/USDT, ADA/USDT)
• Stocks (Apple, Tesla, Amazon, Meta)
• Indices (Dow Jones, S&P500, Nikkei, DAX)

Available Trading Accounts

There’s two different types of live trading accounts with this broker:

• MT4 ECN
• MT4 ISLAMIC

With regulated companies, these two account types use completely different payment principles. In theory this should also be true with LonghornFX accounts. Again, the lack of information has proven to be a major hurdle which we could not overcome.

MT4 Demo Account

The LonghornFX demo is not available through the website or the MT4 web. It is instead an embedded function of the MT4 desktop application. That said, the demo doesn’t reflect the actual trading conditions you would find with the brokerage.

Academy

What should serve as a limitless source of educational materials for all knowledge levels is a small collection of introductory articles and videos. Not much could be learned from the one-minute-videos that are posted on the website. The same stands for the short and hardly informative articles.  

Non-transparent Transfers

As is common with these sorts of bogus companies, the payout policy is not clearly outlined on the site. As a matter of fact, you won’t know exactly what payout terms are presented on the site at all. 

One part of the web presentation will have you believe that you can perform transactions via credit cards, wire and crypto, while the client zone only allows withdrawal requests for crypto coins. Apart from the severe lack of detailed information, also bear in mind that fees apply but they’re not disclosed. 

Seemingly Serious Support

The LonghornFX scam will encourage you to get in touch with the support team whenever you feel like you need advice or help. In that sense, the platform even allows several ways of communication:

• Email
• Online Chat
• Callback

The diligence and accuracy is never guaranteed, as it happens with every other financial swindler that only pays attention and care until you deposit. 

How To Deal With Financial Fraud

Knowledge of being scammed doesn’t feel pleasant or satisfactory. However, what if we told you there’s a way to track down cyber criminals and build your case to appeal with relevant authorities? 

As long as you act in time, there’s even a chance to restore your initial investment, lost to fraudulent schemes like the one we’ve reviewed today. Contact our live chat agents to book your free consultation today!

FAQ Section

How Much Does LonghornFX Charge?

The company charges a trading commission of $6 per trade. Transfers are claimed to be free but that is not guaranteed.

Where is Longhorn FX Located?

SVG is the location of the company headquarters.

What Are the Withdrawal Methods for LonghornFX?

Crypto is the only transaction method accepted. If you need help to take back your deposit, please contact us promptly.

Unfortunately, many users start reading reviews only after falling victim to scams. We sincerely hope that you are not one of them!

However, if you’re here because you suspect that your investment isn’t in a safe place, know that you have the right to claim funds back!

Report a Fraud Case & Claim a Refund from Scammers

Legal Procedures for Recovering Your Money from Scammers Offer a Good Chance of Success. Start by Simply Reporting the Fraud.

File a Complaint

KoinDeFi lists several reasons why you should definitely trust their unmistakably advanced platform. Promises such as funds protection, safe investing and compliance with the same KYC and AML that your local bank does are the first to greet you on the homepage. This supposedly trusted and secure crypto copy trading exchange should bring the world of crypto investing to your doorstep. 

However, despite all the happy-go-lucky attitude, this platform is bogus. The more attractive these services sound, the further they are from reality. Crypto trading is hard work that requires a lot of sweating and risk-taking, even if you think your job was made easier by copy-trading. No strategy is unconditionally the right one or always successful, even if every platform makes it seem like theirs is just the one you need. 

KoinDeFi just wants to sell their services and desperately tries to do so, even if they do not own a proper license for such activities. Our KoinDeFi review does a thorough job exposing this fraudulent company.

Is KoinDeFi Legit or Scam?

The first principle that outlines our research is attempting to determine what location the firm operates from. Based on the information from the legal docs, courts of Hong Kong and Seychelles seem to be in charge of solving the potential disputes. However, going through the registers of the two respective regulators overseeing the financial markets in these two countries bore no results. It seems that HKSFC and FSA have no data on this firm. Power Trade is another offshore firm that is just as unregulated and prone to lying about their legal status.

Since KoinDeFi also gives a US address in their contact information, we also checked  the list of regulated brokerage firms that NFA has. All the regulated members are included in the NFA register, and KoinDeFi is also not found there. At that point, it was starting to be evident that this platform has no legal framework to support their conduct. 

As a final step, we had to go through as many Tier 1 databases as we could in search for the potential license or warnings. However, FCA, BaFin, CySEC, CONSOB, FINMA and CNMV do not have Intel on KoinDeFi either. By all means, it seems that this company is not authorized to be a legitimate financial services provider. Without a Tier 1 regulation, all the promises about segregation of funds and security of deposits fall apart. None of the claims that KoinDeFi makes about their platform could be taken as truthful. 

So be very careful if you get approached by any of their agents who offer irresistible deals with minimum engagement.  We fear such offers are just a part of a greater sham perpetrated in the shadows.

Countries of Service

Without a doubt, KoinDeFi prefers their victims to be English native speakers. This suggests that the firm mainly operates in the developed areas where they mostly communicate to users who are more capable at investing. The list of the countries most hit goes as following:

• United States
• Canada
• United Kingdom

Hereby, we warn all the crypto optimists to take caution when picking their crypto investing platform to trade on. Anytime you need help deciding, we can offer you additional information about a service provider. Because we’re well aware how skilled KoinDeFi agents are at persuasion, we have to direct your attention to that especially. 

Eloquent and always at your service, boiler room agents display obvious persistence and tirelessness when it comes to convincing victims to invest in their products. Whatever they’re selling, they’re absolutely the best at what they do, so it’s no surprise if even the most experienced investors fall for their trap. Promises of huge gain, effortless profit and top notch service await. Sadly, all these are completely fake, as the entire story of the KoinDeFi credibility is. 

Things You Need To Know 

Every single investor likes to get fully familiar with what awaits them at a website they decide to invest in. If you’re one of the traders that does their homework and checks this information thoroughly before investing, we have bad news for you. KoinDeFi does not reveal any of the relevant information pertaining to concrete exchange conditions. All this scarily reminds us of Coinexab, which is as fraudulent and dishonest about their own exchange platform and the circumstances.

The website constantly refers to a document called Fee Structure, but when you attempt to clink on it, the link takes you to the same doc you’re already reading – Terms of Service. This is the main legal text you agree to upon joining, but it doesn’t reveal all the relevant information about the trading costs and transfer fees. KoinDeFi only declares to hold the customer as the single party responsible for covering all the transaction fees or other charges that KoinDeFi applies. 

From inside the platform itself, you cannot read much of the information you need. The only costs revealed there is the exchange fee of 0.2%. 

What Trading Platforms Are Available?

Over at KoinDeFi, there’s a single platform that is adjusted to the exchange activities. Through the user panel and by using crypto wallets, you can buy digital coins and then use the very platform to exchange them. The distribution itself isn’t that bad, although it generally lacks advanced options and complexity. 

It is still relatively comprehensive, though. It shows the current prices of the particular digital currencies and their fluctuations, while, at the same time, it offers the option to watch a specific crypto at a time frame. However, we wouldn’t be so optimistic when it comes to the functionality. Firstly because all the charts are borrowed from the TradingView website and these do not make an independent platform. This brings us forth to another conclusion. 

If KoinDeFi heavily relies on the TradingView charts and doesn’t have their own platform to offer, what kind of exchange actually happens here? None, some may argue, and we very much stand by that statement, as well.

What Can You Trade With KoinDeFi? 

Being defined as a crypto exchange platform implies that KoinDeFi stays faithful to only defrauding traders interested in crypto coins. And why wouldn’t they, when crypto rules the virtual trading markets ever since its initial launch. From what we could read from the bogus platform and the site itself, there aren’t all that many crypto coin sorts to choose from. The major crypto currencies that KoinDeFi advertises as available, we’d mention BTC, ETH, BNB, LUNA, ADA, SOL, AVA, DOT, DOGE, SHIB.

Deposit and Withdrawal Procedure

The KoinDeFi withdrawal procedure is vague and not in the slightest explained by the website owners. Whoever runs KoinDeFi has decided to share minimum to no information at all about this concrete process. We can only assume how irresponsibly KoinDeFi acts in such procedures and when it comes to payouts. 

Because there is no Withdrawal Policy that elaborates on how these transfers are completed, the only available information is the one in the client zone. There, you can only choose one of the available crypto currencies and supposedly paste the address of your wallet, and voila, your funds will magically be sent back to you. This kind of contract has little application in the real world, and the chances of KoinDeFi allowing you to take back your deposit are worse than slim.

Illicit brokers, unauthorized exchange platforms and other bogus financial services providers all earn by defrauding victims. The easiest way to profit is by snatching your deposit right after you’ve made it. Even if they supposedly allow you to trade and make profit, you’re completely unaware that the criminal is already far away and counting the money stolen. 

Customer Support

KoinDeFi support could only be contacted through an email address: [email protected]. Seeing how sloppy and irresponsible this website is, we can only assume how often they check their mails, let alone reply to them. So, we wouldn’t be overly optimistic when it comes to transparent and prominent communication with this scammer. 

Besides the single email address, no phone number is given. The physical address in the US may as well be fake, because KoinDeFi isn’t in any way registered or regulated in that jurisdiction. They could have just left the address to create an image of a serious corporation operating in a strong economy. 

Key Information To Consider About KoinDeFi 

What more could we add to this KoinDeFi review that wasn’t already said? We can only again point out the fact that KoinDeFi is in no way regulated or authorized to offer their services. The trading conditions and concrete environment are a total mystery and there’s no way to legitimately perform any exchanging when the platform doesn’t exist. It is only assembled from the TradingView widgets. How exactly can you expect to make profit under such conditions? You simply can’t.

So if you were one of the KoinDeFi victims that is looking for a way to take back their deposit, feel free to contact us. First consultation you book is entirely free, as we do not want to waste your time if we’re unable to help. Use one of the communication channels to reach out to us and let’s have a chat. Tell us all about your problem with KoinDeFi and our legal experts will direct your next course of action, all towards the goal of getting your capital back from the cyber thief.

What Is KoinDeFi?

KoinDeFi is a fake crypto exchange platform, unregulated and unsupervised by any financial authority. Investments are inevitably stolen, so contact us promptly if you need help recovering yours.

Can I Trade Cryptocurrencies And CFDs With KoinDeFi?

Crypto coins are the only available tradable instruments class at this platform. But considering the software itself does not exist, no actual profit is made either.

Are My Funds Safe With KoinDeFi?

Although the website claims to comply with all the required regulatory standards, no license can confirm this, so this firm cannot guarantee you safety of funds and provide adequate security.

Unfortunately, many users start reading reviews only after falling victim to scams. We sincerely hope that you are not one of them!

However, if you’re here because you suspect that your investment isn’t in a safe place, know that you have the right to claim funds back!

Report a Fraud Case & Claim a Refund from Scammers

Legal Procedures for Recovering Your Money from Scammers Offer a Good Chance of Success. Start by Simply Reporting the Fraud.

File a Complaint

Zyxbit.com exchange, in the first place, is not sharing any of the ownership details. Neither do they mention where the company operates from. At least, from the T&Cs we can see that the governing law for any disputes is Malta.

But that and a few other similarities with other scam firms bring out an important question. Are all these brands running from the same place? Let’s find out in our detailed Zyxbit.com review.

Legal Info: Is Zyxbit.com Legit Or A Scam?

To expose the Zyxbit.com scam, we just had to look in Tier 1 regulatory databases. Important to realize is that none of the trusted databases hold records of this company, especially not about having a Digital Asset Service Provider license. For clarity, we checked the FCA, BaFin, ASIC, CFTC, MFSA, and IIROC databases.

Therefore, without regulations, none of the features, fees, and costs can be trusted. Especially once you realize there is a similarity with other suspicious trading brands, such as Koypex.com, Toaltcoins.com, and a few more. Thus, some of those are already vanished.

Who Are Zyxbit.com’s Victims?

Another following part of the scamming pattern is the company’s registration date. This domain, in particular, was registered in mid-October 2023. At least according to who.is register. For this short time, they were mainly targeting traders from: 

• United States
• Ethiopia
• Venezuela
• Armenia

If you are one of those as well, don’t hesitate to contact us for refund assistance. Throwing money away shouldn’t be your choice!

Investment Costs With Zyxbit.com

As can be seen, the company is quite conservative when it comes to fee transparency. In fact, only taker and maker fees are revealed to customers. Any other crypto trading-related costs remain undisclosed, which is generally a warning sign.

Anyway, if we trust what this company advertises, traders can expect 0.2% fees on a regular account.  However, Premium users can get slightly lower fees of 0.14%.

Bonuses

Overall, this firm is not offering any kind of bonuses. At least not transparently. However, bonuses are mentioned in their T&Cs. But of course, more details are kept behind closed doors. After all, without regulations, you can’t expect anything going in your favor.

Zyxbit.com Trading Features

We already summarized that all the company’s features can’t be trusted. All their promises and options can be found with many other shady brokerages, such as Gevetex.com.

Anyway, with Zyxbit.com crypto fraud, traders can’t use any advanced tools or features. If the company is legit, we would find positive that NFTs would be available soon.

Trading Platform Available

Another warning sign about this company is their trading platform choice. The company opted for a web trader instead of third-party solutions or trusted apps. It’s the ultimate choice of swindlers. Primarily, they can control what traders see and help them make uneducated decisions. 

Luckily, our Zyxbit.com review helps you understand all the flaws. Keep in mind such platforms can be easily accessible through the back end. This means that all the profits and losses you see on your dashboard could be fictive.

Available Trading Assets

To make everything even worse, the company only offers a few cryptocurrencies. But even purchasing those is highly speculative. Anyway, tradeable options appear to be: 

• Bitcoin
• Litecoin
• Ethereum
• Ripple
• Bitcoin Cash
• Dogecoin
• Cardano

Account Types

As mentioned, traders can only choose between Regular and Premium accounts. Yet, none of the requirements for either of those are known. Except for questionable trading fees, everyone gets all the other conditions the same. There are some potentially fictive benefits, such as VIP support, trading signals, and fast withdrawals, but we wouldn’t trust those.

Of course, with a Premium account, there’s a catch. The deposit amount is unknown. Yet, if you transfer 0.25 BTC to your wallet, you have to activate a Premium account. Otherwise, you can’t make any withdrawals or transfers.

Mobile Trading App

Like any other untrusted exchange, Zyxbit.com doesn’t offer trusted mobile apps. Instead, you’ll have to use your browser to access your account. But the risks remain the same. Therefore, we suggest you check our tips in our Donarex review and see why mobile apps are the key.

Demo Account

With such an unpopular platform choice, a demo account would be a suitable option. At least to test the features. Yet, this fraudulent crypto exchange doesn’t allow traders to trade with a demo. Either you risk it or leave it.

Education

The educational program with this company is practically imaginary. But if there is any, it wouldn’t be trusted. If you are listening to advice from unlicensed companies, it’s more likely you will fall into a trap. Instead, choose Tier 1 licensed companies and see what trading education should look like.

Zyxbit.com Withdrawal

Considering shady T&Cs and lack of withdrawal policy, most likely no. On top of that, they clearly mention only VIP clients can get fast withdrawals. But none of these facts are proven. In any case, withdrawals can only be requested to the crypto wallet.

Understandably, the company will charge you a withdrawal commission, which is also unknown. With so much space for manipulation with fees, you can only expect a nightmare.

Customer Support

Important to realize is that this company doesn’t have any customer support options. At least not for unregistered clients. Most probably, they are using end-to-end encrypted platforms. Such as Telegram and WhatsApp.

Primarily, to keep their anonymity on the highest level. They might also be using Discord channels. Anyway, not something that makes you comfortable when giving money away.

Key Information To Consider About Zyxbit.com?

Everything about this firm is suspicious. Starting with ownership, registration date, and addresses. We also can’t forget the missing regulations. Moreover, the company has quite unclear costs, a shady platform, and zero reviews. What else do you know to realize they are a scam?

Sadly, you won’t be the first or last who got trapped. But it’s important to know what to do if that’s the case. Luckily, our refund experts offer you a free first consultation and help to solve the problem. Primarily ones with the refunds that are most important to clients. Don’t wait a bit, and contact us today!

FAQ Section

What is Zyxbit.com?

Zyxbit.com is an unregulated crypto exchange operating from an unknown location. Apparently, this company was founded by Justin Hance. A name connected to multiple other scams.

Is Zyxbit.com Legit?

Not at all. The company is completely non-transparent and they primarily operate without authorization in any country.

Is It Possible to Recover Lost Crypto and How?

Surely. Tracking down is the key. With our CipherTrace technology, you can find your lost funds and start the recovery. For detailed guidance, contact our refund team.

Unfortunately, many users start reading reviews only after falling victim to scams. We sincerely hope that you are not one of them!

However, if you’re here because you suspect that your investment isn’t in a safe place, know that you have the right to claim funds back!

Report a Fraud Case & Claim a Refund from Scammers

Legal Procedures for Recovering Your Money from Scammers Offer a Good Chance of Success. Start by Simply Reporting the Fraud.

File a Complaint