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DigitalFX Trade Review 2023 – Is DigitalFX Trade legit or scam?

In the dynamic realm of online trading and investments, the rise of deceptive entities pretending to be reputable brokers poses a significant concern. DigitalFX Trade has garnered attention recently due to suspected fraudulent activities, generating apprehension and necessitating thorough scrutiny. Through this extensive DigitalFX Trade review, our objective is to offer an impartial evaluation by presenting verifiable facts and information obtained from reputable and trustworthy sources.

Despite asserting its location in the U.S., no corresponding information was found in the National Futures Association (NFA) upon thorough investigation. Adding to the apprehension, the United Kingdom Financial Conduct Authority (UK FCA) has issued a warning, stating that DigitalFX is providing financial services or products without proper authorization.

In truth, DigitalFX Trade functions without regulation from any governing body, leaving the management and control of investors’ funds vulnerable and devoid of legal safeguards. It is highly recommended to exercise caution, as entrusting funds to an unregulated entity like DigitalFX carries substantial risks with no available legal recourse.

DigitalFX Trade Website – http://www.digitalfxcrypto.trade/

Website Availability – 

Address shown – Broken Arrow, oklahoma

Warned By – Financial Conduct Authority (United Kingdom)

Key Indicators to identify if DigitalFX Trade is a scam or not

Unregulated Status

One of the key warning signs highlighted in the DigitalFX Trade 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.

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.

Poor Customer Support and Withdrawal Issues

Scam brokers frequently use delayed or denied withdrawal requests to keep clients’ assets and prevent them from leaving the platform. Customers become frustrated and have worries about the company’s honesty when payments are not available or are delayed for an extended period.

Negative Reviews and Scam Reports about DigitalFX Trade

The presence of ample negative feedback and scam reports from clients and industry professionals, as emphasized by DigitalFX Trade Review, is a telltale sign of a scam broker. The existence of negative reviews and reports of scams related to DigitalFX Trade 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 DigitalFX Trade.

Investors should take heed of negative reviews and scam reports associated with DigitalFX Trade, 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.

How to protect your Investments From Scams

Trading in financial markets like Forex, Binary Options, and Cryptocurrency can be lucrative, but it comes with risks, including potential encounters with deceitful brokers. Protecting your assets from scams like DigitalFX Trade and other fraudulent entities requires vigilance and a proactive approach. Here are precautions to consider when dealing with dubious brokers:

• Before engaging a broker, do extensive research on them. Investigate their licenses, regulatory status, and track record.
• Check online DigitalFX Trade 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 2023.
• 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 and make an informed choice.

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

Victimized by the DigitalFX Trade scam? Get your lost money back!

If you are the one who got scammed by DigitalFX Trade 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.

DigitalFX Trade Review: DigitalFX Trade Scam Conclusion

Given the facts and traits frequently linked to fraudulent businesses, it is impossible to ignore the concerns surrounding DigitalFX Trade, as indicated in the DigitalFX Trade Review, as a possible scam. When choosing a broker, traders and investors should proceed with extreme caution, making sure they select a reputable, licensed, and regulated company. Making sure a broker is legitimate, looking for unbiased evaluations, and doing extensive research are all crucial steps in safeguarding against fraud and financial 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 2023 Page to avoid Cryptocurrency trading scams, Forex trading scams, or other online scams.

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

Seasoned Forex professionals, how the miscreants running this scheme refer to themselves, are inviting you to embark on a trading journey of your life. Their alleged expertise, transparency and dedicated support are just some of the key aspects that put their service above all others. That’s at least how they want you to see them. 

However, the leading Spanish regulatory authority wasn’t so easy to deceive. This Elmercado FNX review reveals the ulterior motives of the perpetrators and what to do in case you’ve been led into a trap. 

Fully Anonymous

Next to nothing is known about this shady company. No corporate information is present. Our only clue to base our investigation on was the default site language and company name being Spanish. 

After checking with the state regulator in Spain, we found out that CNMV has never licensed them, yet has issued a warning against this company. 

We first wanted to make sure the conduct wasn’t licensed by any Tier 1 regulatory body, such as FCA, NFA, CONSOB, BaFin and CySEC, so we consulted these institutions. Being certain that the company is nothing but a fictitious internet concept designed to defraud traders, we can only recommend you to stay away, like you should from Fin Venture, as well. 

Lies That Perform Best

Whoever is the mastermind pulling the strings, they must already be experienced in internet fraud because they sure seem successful at manipulating traders from:

• Spain
• Italy

The domain was registered only recently, just this August, as data from WhoIs suggests. No doubt the engagement of boiler room agents does the trick. 

Constant calls, emails and unwanted messages promoting investment platforms and trading campaigns sure get under the skin of novice traders. The scam agents have the patience of a saint, when it’s for the purpose of money extortion. Whatever they promise is, sadly, just a fabrication, so be cautious and refrain from signing up for risky deals.

Made Up Ratings Conceal Intentions

The fastest way to obtain positive ratings and admirable public image is by buying the services from review selling networks. That’s how a blacklisted firm such as this one can attain an average rating of 3.8 out of 5 on Trustpilot and 4.4 out of 5 on Sitejabber.

However, the involvement of these is quite obvious, once you start paying attention to the reviews. They all sound overly generalized and as if written by users that have no connections to the Forex world or experience with the poor services provided by this brand.

Altered Trading Conditions

As many times before, we have to warn our audience once again of the dangers of trading under increased exposure. CNMV was right to blacklist this fraud for also disrespecting the currently enforced EEA regulatory law that limits the leverage to 1:30. 

The Elmercado FNX scam offers a high starting leverage of 1:100 and a final ratio of up to 1:400. Also, no trading costs are revealed. Yet, legal papers say that the company may, at its sole discretion, alter the trading costs and conditions without any prior warning, and therefore increase or decrease spreads on any instrument!

Undisclosed Bonus With Cruel Terms

Although you will not see an explicit declaration about the bonus availability, T&C discuss the terms. Firstly, the bonus is added to your total account balance by the company, so you don’t have the option to choose it or reject it. 

Secondly, the trading volume requirement needed to be achieved in order to be able to withdraw anything from the credited account is (bonus amount / 4) x50 = number of lots.

Not Even Average

Features and tools that are promised to enable traders to achieve Forex greatness are nothing but baseline options that cannot compete with industry standards.

For instance, the deceptively comprehensive web trader isn’t even remotely functional. Offer of specialized trading accounts doesn’t exist and the range of instruments is different from one page to another to terminal. 

Bogus Distribution

Fundamentally useless web terminal provided on this domain, as well as the one provided by Inertia Finance, miserably fails in comparison to the leading software like MT5 and cTrader. User-friendly at a glance, it still lacks even the basic functionality and tools. 

The easier navigation shouldn’t be achieved by cutting down the selection of useful tools, but by offering options for better customization of the distribution and layout. Under the pretense of equipping you with a more understandable environment, the swindlers try to sell their cheap product ridden of components and purpose.  

Access To Markets

Nothing is admirable about the average and most basic offer of instrument groups provided by a phony broker:

• Forex (EUR/USD, USD/AUD, EUR/GBP)
• Indices (Dow Jones, Nasdaq, DAX, CAC)
• Commodities (Cotton, Sugar, Wheat, Gold)
• Shares (Tesla, BMW, Ford, Ferrari)
• Crypto (BTC, ETH, XRP)

Zero Accounts To Select

The website itself, being very obscure about the crucial information and elements of the offer, does not disclose the available package types. Since no trial testing of the platform is allowed either, we can only assume that one live trading account is given. 

The downside is that you won’t even be able to find out more about it, as there’s no concrete details on the options and tools it includes. Not even the deposit requirement is revealed!

Payout Requests Handling

The firm in question is anything but transparent about the withdrawing conditions and prices. Some scarce information is available, but its credibility is highly questionable. For example, the client panel says that it takes at least 7 business days to process a payout request. This claim is backed by no real proof. 

The same goes for the statement about $50 being the minimum amount and fee-free credit card withdrawals. Since the client area only showed BTC channels available for depositing, severe AML rule breaking is also at work. 

No One Answers

It simply doesn’t matter how many emails you may send or fill online forms over and over again. The answer will never come. It’s as if the site has purposely intended to leave an impression of employing diligent customer service while none exists in reality. 

Options For Fraud Victims

Probably the worst thing to do for your lost funds is let the cyber thief get away with it. Please do not accept such fate. As soon as you start suspecting your broker of choice is playing tricks on you and not treating you right, report it to the financial authorities. 

Furthermore, if you’ve already lost funds to an internet scam, contact us immediately. We have a team of legal professionals that can help you with advice and guidance to retrieve your capital.

FAQ Section

What is Elmercado FNX?

This is a blacklisted internet sham that targets Forex newcomers mostly from Spain and Italy.

How to Deposit to My Elmercado FNX Account?

You can only deposit funds directly to BTC wallet addresses, which is not recommended.

Can I Recover Money I Lost to Unregulated Brokers?

Fortunately, there’s always a chance. Just contact our chargeback experts and book your free consultation today!

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

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Trustfx Live Review 2023 – Is Trustfx Live legit or scam?

In the dynamic realm of online trading and investments, the rise of deceptive entities pretending to be reputable brokers poses a significant concern. Trustfx Live has garnered attention recently due to suspected fraudulent activities, generating apprehension and necessitating thorough scrutiny. Through this extensive Trustfx Live review, our objective is to offer an impartial evaluation by presenting verifiable facts and information obtained from reputable and trustworthy sources.

Trustfx Live, accessible through the website https://trustfxlive.com/, is currently operational. Notably, the platform provides a disclosed address at 2 Frederick Street, Kings Cross, London, WC1X 0ND, enhancing its transparency. However, it is crucial to be aware that the Financial Conduct Authority (FCA) in the United Kingdom has issued a warning associated with Trustfx Live. This regulatory caution signals potential risks connected to the platform, emphasizing the importance of thorough research and consideration of the FCA’s warning before engaging in any financial activities on the site. Users are advised to exercise caution and stay informed about the associated risks.

Trustfx Live Website – https://trustfxlive.com/

Website Availability – Yes

Address shown – 2 FREDERICK STREET, KINGS CROSS, London, WC1X 0ND

Warned By – Financial Conduct Authority (United Kingdom)

Domain Age of Trustfx Live

Key Indicators to identify if TrustFx Live is a scam or not

Unregulated Status

One of the key warning signs highlighted in the TrustFX Live 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.

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.

Poor Customer Support and Withdrawal Issues

Scam brokers frequently use delayed or denied withdrawal requests to keep clients’ assets and prevent them from leaving the platform. Customers become frustrated and have worries about the company’s honesty when payments are not available or are delayed for an extended period.

Negative Reviews and Scam Reports about Trustfx Live

The presence of ample negative feedback and scam reports from clients and industry professionals, as emphasized by Trustfx Live Review, is a telltale sign of a scam broker. The existence of negative reviews and reports of scams related to Trustfx Live 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 Trustfx Live.

Investors should take heed of negative reviews and scam reports associated with Trustfx Live, 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.

How to protect your Investments From Scams

Trading in financial markets like Forex, Binary Options, and Cryptocurrency can be lucrative, but it comes with risks, including potential encounters with deceitful brokers. Protecting your assets from scams like Trustfx Live and other fraudulent entities requires vigilance and a proactive approach. Here are precautions to consider when dealing with dubious brokers:

• Before engaging a broker, do extensive research on them. Investigate their licenses, regulatory status, and track record.
• Check online Trustfx Live 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 2023.
• 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 and make an informed choice.

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

Victimized by the Trustfx Live scam? Get your lost money back!

If you are the one who got scammed by Trustfx Live 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.

Trustfx Live Review: Trustfx Live Scam Conclusion

Given the facts and traits frequently linked to fraudulent businesses, it is impossible to ignore the concerns surrounding Trustfx Live, as indicated in the Trustfx Live Review, as a possible scam. When choosing a broker, traders and investors should proceed with extreme caution, making sure they select a reputable, licensed, and regulated company. Making sure a broker is legitimate, looking for unbiased evaluations, and doing extensive research are all crucial steps in safeguarding against fraud and financial 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 2023 Page to avoid Cryptocurrency trading scams, Forex trading scams, or other online scams.

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

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Coinsbit Inc Review 2023 – Is Coinsbit Inc legit or scam?

In the dynamic realm of online trading and investments, the rise of deceptive entities pretending to be reputable brokers poses a significant concern. Coinsbit Inc has garnered attention recently due to suspected fraudulent activities, generating apprehension and necessitating thorough scrutiny. Through this extensive Coinsbit Inc review, our objective is to offer an impartial evaluation by presenting verifiable facts and information obtained from reputable and trustworthy sources.

Coinsbit Inc, accessible through the website https://coinsbit.io/, is currently operational. The platform lists its address as Global Gateway 8, Rue de la Perle Providence, Mahe, Seychelles, providing a location for users. However, it is important to note that the Financial Conduct Authority (FCA) in the United Kingdom has issued a warning associated with Coinsbit Inc. This regulatory alert signifies potential risks linked to the platform, emphasizing the need for users to exercise caution, conduct thorough research, and consider the FCA’s warning before engaging in any financial activities on the site. Staying informed about such warnings is crucial for making informed decisions in the realm of online financial services.

Coinsbit Inc Website – https://coinsbit.io/

Website Availability – Yes

Address shown – Global Gateway 8, Rue de la Perle Providence, Mahe, Seychelles

 Warned By – Financial Conduct Authority (United Kingdom)

Key Indicators to identify if Coinsbit Inc is a scam or not

Unregulated Status

One of the key warning signs highlighted in the Coinsbit Inc 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.

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.

Poor Customer Support and Withdrawal Issues

Scam brokers frequently use delayed or denied withdrawal requests to keep clients’ assets and prevent them from leaving the platform. Customers become frustrated and have worries about the company’s honesty when payments are not available or are delayed for an extended period.

Negative Reviews and Scam Reports about Coinsbit Inc

The presence of ample negative feedback and scam reports from clients and industry professionals, as emphasized by Coinsbit Review, is a telltale sign of a scam broker. The existence of negative reviews and reports of scams related to Coinsbit Inc 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 Coinsbit.

Investors should take heed of negative reviews and scam reports associated with Coinsbit Inc, 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.

How to protect your Investments From Scams

Trading in financial markets like Forex, Binary Options, and Cryptocurrency can be lucrative, but it comes with risks, including potential encounters with deceitful brokers. Protecting your assets from scams like Coinsbit Inc and other fraudulent entities requires vigilance and a proactive approach. Here are precautions to consider when dealing with dubious brokers:

• Before engaging a broker, do extensive research on them. Investigate their licenses, regulatory status, and track record.
• Check online Coinsbit Inc 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 2023.
• 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 and make an informed choice.

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

Victimized by the Coinsbit Inc scam? Get your lost money back!

If you are the one who got scammed by Coinsbit Inc 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.

Coinsbit Inc Review: Coinsbit Inc Scam Conclusion

Given the facts and traits frequently linked to fraudulent businesses, it is impossible to ignore the concerns surrounding Coinsbit Inc, as indicated in the Coinsbit Inc Review, as a possible scam. When choosing a broker, traders and investors should proceed with extreme caution, making sure they select a reputable, licensed, and regulated company. Making sure a broker is legitimate, looking for unbiased evaluations, and doing extensive research are all crucial steps in safeguarding against fraud and financial 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 2023 Page to avoid Cryptocurrency trading scams, Forex trading scams, or other online scams.

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

False licenses, fake legal data, worthless trading software and nonexistent customer support, this one ticks all the boxes. Everything you’ll see with this website is a bunch of lies intended to keep you occupied while you squander your investment pretending to trade.

Don’t let your funds go to waste! See the remainder of our TradeSafer review to learn how to get your money back.

Impossible To Track Down 

Establishing a realistic connection between the website information and legal databases is next to impossible. First, there’s an address in Switzerland, but this firm is not known to FINMA. 

Neither do they appear in the FCA register, although there’s also an alleged office they run in the UK. The registration number they claim is theirs actually belongs to Trade Safe Products Limited, whose nature of business isn’t online trading at all. 

The conduct is also not regulated by any other Tier 1 regulatory body, such as BaFin, CySEC and NFA. That is a proof that segregation of funds is not implemented and neither are compensation schemes and negative balance insurance. There’s numerous companies out there that claim something only to appear more credible. CoinDres is also one of them, yet owns no legit license.

Piggybacking On An Old Domain

Allegedly, this firm has been operating since 2011, and if we look at the WhoIs database we can see that the tradesafer.com domain was in fact created in 2012.

This is not the entire truth, however, as the domain started hosting the fraudulent website only in May 2023. Further analysis revealed that the scam targets these nations:

• Australia
• United Kingdom
• Hungary
• Netherlands
• New Zealand

The fraud works through boiler room agents, who endlessly call people by phone in search of a victim. This strategy is common among scammers, as Petron Capital uses it as well.

Agents usually present themselves as some kinds of experts and account managers who seek new investors. It’s all a trap, however, and recovering the invested capital is nearly impossible without professional help.

Trading Terms Compromise Safety

Some false online trading portals advertise trading conditions that not only break the current legislation but also border gambling. If this company was properly licensed and supervised in the UK, they would not be able to offer leverage higher than 1:30.

However, the maximum leverage allowed on this platform increases with the amount of cash you decide to waste on useless account types. The current highest ratio is 1:500.

The trading terminal itself doesn’t reveal any purposeful details. You can’t even find spreads, commissions or anything else for that matter. The only other fee mentioned is the monthly maintenance fee of $50. 

Hidden Bonus Conditions

The company may add bonuses to the clients trading account at its sole discretion. The amount of these rewards isn’t publicly posted, but the terms that follow these obligations are cruel. No withdrawals of funds from credited accounts is allowed until the trading volume requirement is reached. That sum is equal to the amount of bonus multiplied by the leverage used.

Barebone Trading Utilities

The features that you’ll see after creating a TradeSafer login are quite different from what is advertised. The trading application is barely functional, and the client dashboard is prone to bugs that diminish its useability as a whole.

It didn’t take a very thorough analysis to come to the conclusion that these fraudsters simply don’t care about the trading environment.

Borderline Useless Software

The alleged “optimized trading platform” is a simple web trader that barely functions. It only supports selecting assets, viewing candlestick charts and placing an order. Although there is a button that should open the economic calendar, it leads to a blank page instead.

This is all by design, as at the end of the day scammers don’t want you to succeed, they want to steal your money as efficiently as possible. Many of them actively tamper with market prices to make their clients lose money on every speculation.

Trading Instrument Selection

There is a relatively good diversity of trading assets, on par with many mainstream brokerages out there. The problem is, no matter how good the selection of instruments, any trading with the platform is completely fictitious.

Here’s the range of assets we found:

• Forex – EUR/USD, AUD/NZD, GBP/CHF, USD/JPY
• Cryptocurrencies – BTC, ETH, XRP, LTC, LNK, DOT, SOL
• Stocks – Ebay, Chevron, Intel, AT&T
• Indices – Nasdaq, Dow Jones, IBEX, DAX, FTSE
• Commodities – Silver, Gold, Brent, Natural Gas, Corn, Coffee

Ripoff Accounts

All of the trading accounts are live, and quite costly. If people had access to a demo, they’d quickly start having second thoughts about investing anyway.

These are the account tiers offered by TradeSafer broker:

• Silver – $10,000
• Gold – $50,000
• Platinum – $100,000
• Diamond – $250,000

Allegedly, the more expensive account types come with benefits like deposit protection and 24/7 account monitoring, whatever that means.

Cashing In Profits

The existence of real trading is uncertain here, so all of the profits accumulated may as well all be fake. The toughest part is still the clients’ ability to take what they’ve originally deposited. In order to prevent that, the fraudsters slap bonuses on every trading account. Rewards come with expectations impossible to reach in order for the funds to unlock.

Withdrawal requests are created from the user panel. When we attempted to see into the matter and determine what methods are available, nothing was given. The site constantly urges traders to contact the support team, but that is a futile attempt as well. 

No Customer Service

Getting the customer support to answer your ticket at this site is, as it currently stands, impossible. The live chat is only available through the client dashboard, but even then it doesn’t really work. Any emails we tried to send bounced back, and nobody answered the support phone line when we called.

Money Taken By Scammers? Get Help Here!

Right off the bat, we’ve had multiple issues verifying the TradeSafer regulation. As it turns out, the company is completely illegal, and is operating a scam site. The trading environment has a nearly useless web trader and leverage that will quickly burn a hole in your pocket.

Avoid dealing with any firm that doesn’t have proper license and authorization issued by a Tier-1 regulatory entity. If you’ve already invested funds with TradeSafer Forex broker, feel free to contact us for help with acquiring reimbursement.

FAQ Section

What is TradeSafer?

It is a fraudulent group using a make-believe forex brokerage as a front.

Is TradeSafer a Legit Broker?

No, the company is completely illegal as it doesn’t have the necessary license and regulation.

Can I Recover Money From a Fraudulent Online Broker?

Recovery of stolen assets is possible with professional help. Book a consultation with our team today, and learn more about your options.

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

The CTE CAP broker is a virtually anonymous website with dubious content. Traders can easily be fooled by promises of high leverage, tight spreads, and profitable trading, which is why you need to get informed.

Fortunately, our CTE CAP Review is here to reveal the nasty truth about the shady platform and the underlying scheme. Read our analysis to learn how to detect liars such as Gravity Trade and what you can do to recover your funds from cyber fraudsters. 

Legal Info: Is CTE Capital Regulated?

CTE CAP is not a regulated platform. The legal background of this trading brand is a complete mystery and the documentation on the website was not helpful at all. A perfect precondition to get real CTE.

Trusting an anonymous website is incredibly risky. We do not recommend you trust unregulated brokers because they are not liable to provide you with a compensation scheme contract. You also won’t be able to count on help from the financial ombudsman service if you have a complaint.

Instead of trusting unlicensed imposters, you should stick to regulated providers operating under the watchful eyes of renowned financial authorities such as the FCA (UK), CFTC & NFA (US), ASIC (Australia), IIROC (Canada), BaFin (Germany), JFSA (Japan), MAS (Singapore), etc.

Who Are CTE CAP’s Targets?

According to godaddy.com/whois, the Cte-cap.com website domain was created on June 15, 2023. For about half a year now, the financial swindler has mainly been targeting unsuspecting traders who reside in the following countries:

• United Kingdom;
• Norway;
• Portugal;
• Singapore.

Each of these countries boasts heavy financial regulations and laws to prevent unauthorized phonies from deceiving local traders. One common law stipulates that each financial market participant is required to possess a necessary license or permit and this broker does not. 

CTE CAP directly violates European regulations by offering users leverage higher than allowed (1:30) for retail clients. In Singapore, the cap is 1:20.

Trader Reviews – Sharing Experiences

The CTE CAP reviews on trustpilot.com were the first to put us on alert. We read disturbing complaints, stating that “if you have paid a deposit, or invested any money with them, you will NEVER see it again.”

If you swipe the broker’s website through a webparanoid.com check, the result shows a low trust score and suspicious status.

More negative reviews can be found on scamadviser.com. We urge you to read the negative feedback and learn how the scam works and which methods the fraudster uses to trick victims. Avoid unregulated platforms such as CTE CAP or offshore providers like WardenVC. 

Which Trading Platform Is Available?

The CTE CAP trading platform is a rudimental web-based trading terminal that supports popular trading instruments such as Forex currency pairs, indices, commodities, stocks, and cryptocurrencies. 

Contrary to the advertisement on the website, the platform failed to live up to the expectations. The interface is pretty lackluster while the tools are pretty scarce. Beginners may find this terminal easy to comprehend but advanced traders cannot benefit from it. 

If you want a pure trading experience, you should stick to licensed providers that support recognized third-party software such as MetaTrader 4, MetaTrader 5, or cTrader. 

MT platforms are arguably the best in the industry, enabling traders to utilize cutting-edge tools such as automated & algorithmic trading, advanced charting, live market reports, API integration, 20+ timeframes, EAs, lightning-fast order execution, etc.

Available Live Account Types

Leverage, Spreads, Commissions, Demo Account

Finding information about the trading conditions was challenging as the website was not well organized. The maximum leverage that CTE CAP offers is capped at 1:200, which, as we mentioned, is significantly higher than the legal cap in force in top jurisdictions. 

High leverage is a double-edged sword; it can amplify potential profits but also potential losses, making leverage trading a particularly risky activity. As for the trading costs, i.e. spreads and commissions, the broker did not disclose any specific values or figures, which raises concern.

Another big red flag is that there is no demo account. If you are a beginner, you should not be risking real money straight away. That’s why every legitimate broker nowadays offers a free demo account. CTE CAP does not so just avoid the platform.

Deposit and Withdrawal Process

The broker’s website listed three available payment methods that can be used to fund live trading accounts:

• Credit/debit cards (MasterCard, VISA);
• Wire transfers;
• E-wallets.

The minimum deposit is 250 USD/EUR/GBP. CTE CAP promises to cover all fees for card and electronic wallet payments as well as the deposit fee for wire transfers. However, given the provider’s shady background, you are unlikely to be allowed to withdraw your money.

In case you deposited funds via MasterCard or VISA credit/debit cards, you can request a chargeback at the issuing bank within 540 days and reverse the transaction. Wires can be reversed via a recall but this action can only work for transactions yet to be completed.

Key Facts To Consider About CTE CAP

To sum up our review, CTE CAP is an anonymous fraudster mainly targeting traders from the United Kingdom, Singapore, Portugal, and Norway.

We do not recommend the platform because it is unregulated and not transparent at all. In case you’ve lost money to the CTE CAP scam, you must seek our professional help to recover your funds!

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 CTE CAP?

CTE CAP is an anonymous trading scam that uses a web platform to steal users’ hard-earned funds.

Is Cte-cap.com Legit?

No, CTE CAP is not a legitimate broker. This platform is unregulated. Many have reported issues.

How Can I Recover Money From a Scam Broker?

Scam Brokers Reviews can help you get your money back via a chargeback so please get in touch with us ASAP!

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

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Stables Review 2023 – Is Stables legit or scam?

In the dynamic realm of online trading and investments, the rise of deceptive entities pretending to be reputable brokers poses a significant concern. Stables has garnered attention recently due to suspected fraudulent activities, generating apprehension and necessitating thorough scrutiny. Through this extensive Stables review, our objective is to offer an impartial evaluation by presenting verifiable facts and information obtained from reputable and trustworthy sources.

Stables, accessible through the website https://stables.money/, are currently accessible to users. The platform lists its address as Richmond, Victoria 3121, Australia, offering a location for users. However, it is pertinent to note that the Financial Conduct Authority (FCA) in the United Kingdom has issued a warning associated with Stables. This regulatory alert underscores potential risks linked to the platform, emphasizing the need for users to exercise caution, conduct thorough research, and consider the FCA warning before engaging in any financial activities on the site. Staying informed about such regulatory warnings is crucial for users navigating the landscape of online financial services.

Stables Website – https://stables.money/

Website Availability – Yes

Address shown – Richmond, Victoria 3121, AUSTRALIA

 Warned By – Financial Conduct Authority (United Kingdom)

Key Indicators to identify if Stables is a scam or not

Unregulated Status

One of the key warning signs highlighted in the Stables 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.

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.

Poor Customer Support and Withdrawal Issues

Scam brokers frequently use delayed or denied withdrawal requests to keep clients’ assets and prevent them from leaving the platform. Customers become frustrated and have worries about the company’s honesty when payments are not available or are delayed for an extended period.

Negative Reviews and Scam Reports about Stables

The presence of ample negative feedback and scam reports from clients and industry professionals, as emphasized by Stables Review, is a telltale sign of a scam broker. The existence of negative reviews and reports of scams related to Stables 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 Stables.

Investors should take heed of negative reviews and scam reports associated with Stables, 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.

How to protect your Investments From Scams

Trading in financial markets like Forex, Binary Options, and Cryptocurrency can be lucrative, but it comes with risks, including potential encounters with deceitful brokers. Protecting your assets from scams like Stables and other fraudulent entities requires vigilance and a proactive approach. Here are precautions to consider when dealing with dubious brokers:

• Before engaging a broker, do extensive research on them. Investigate their licenses, regulatory status, and track record.
• Check online Stables 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 2023.
• 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 and make an informed choice.

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

Victimized by the Stables scam? Get your lost money back!

If you are the one who got scammed by Stables 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.

Stables Review: Stables Scam Conclusion

Given the facts and traits frequently linked to fraudulent businesses, it is impossible to ignore the concerns surrounding Stables, as indicated in the Stables Review, as a possible scam. When choosing a broker, traders and investors should proceed with extreme caution, making sure they select a reputable, licensed, and regulated company. Making sure a broker is legitimate, looking for unbiased evaluations, and doing extensive research are all crucial steps in safeguarding against fraud and financial 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 2023 Page to avoid Cryptocurrency trading scams, Forex trading scams, or other online scams.

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

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AlfaMarkets Review 2023 – Is Alfa Markets legit or scam?

In the dynamic realm of online trading and investments, the rise of deceptive entities pretending to be reputable brokers poses a significant concern. AlfaMarkets has garnered attention recently due to suspected fraudulent activities, generating apprehension and necessitating thorough scrutiny. Through this extensive Alfa Markets review, our objective is to offer an impartial evaluation by presenting verifiable facts and information obtained from reputable and trustworthy sources.

AlfaMarkets website claims to be the optimal choice for an investment intermediary, but a cursory examination exposes several indicators suggesting that it may not be a legitimate financial services provider but rather a fraudulent entity. The absence of identifying information on the website raises concerns about the lack of transparency regarding the company behind it and its location.

Additionally, essential documents such as Terms and Conditions and a Client Agreement are conspicuously absent, adding to the apprehension about the credibility of AlfaMarkets as a reliable investment platform.

AlfaMarkets Website – https://alfamarkets.co/

Website Availability – Yes

Address shown – NA

Warned By – The Dutch Authority for the Financial Markets (Netherlands)

Key Indicators to identify if AlfaMarkets is a scam or not

Unregulated Status

One of the key warning signs highlighted in the Alfamarkets.co 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.

AlfaMarkets Review: 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.

Poor Customer Support and Withdrawal Issues

Scam brokers frequently use delayed or denied withdrawal requests to keep clients’ assets and prevent them from leaving the platform. Customers become frustrated and have worries about the company’s honesty when payments are not available or are delayed for an extended period.

Negative Reviews and Scam Reports about AlfaMarkets

The presence of ample negative feedback and scam reports from clients and industry professionals, as emphasized by AlfaMarkets Review, is a telltale sign of a scam broker. The existence of negative reviews and reports of scams related to AlfaMarkets 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 Alfamarkets.co Alfamarkets.co.

Investors should take heed of negative reviews and scam reports associated with AlfaMarkets, 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.

How to protect your Investments From Scams

Trading in financial markets like Forex, Binary Options, and Cryptocurrency can be lucrative, but it comes with risks, including potential encounters with deceitful brokers. Protecting your assets from scams like AlfaMarkets and other fraudulent entities requires vigilance and a proactive approach. Here are precautions to consider when dealing with dubious brokers:

• Before engaging a broker, do extensive research on them. Investigate their licenses, regulatory status, and track record.
• Check online AlfaMarkets 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 2023.
• 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 and make an informed choice.

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

Victimized by the AlfaMarkets scam? Get your lost money back!

If you are the one who got scammed by AlfaMarkets 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.

AlfaMarkets Review: AlfaMarkets Scam Conclusion

Given the facts and traits frequently linked to fraudulent businesses, it is impossible to ignore the concerns surrounding AlfaMarkets, as indicated in the AlfaMarkets Review, as a possible scam. When choosing a broker, traders and investors should proceed with extreme caution, making sure they select a reputable, licensed, and regulated company. Making sure a broker is legitimate, looking for unbiased evaluations, and doing extensive research are all crucial steps in safeguarding against fraud and financial 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 2023 Page to avoid Cryptocurrency trading scams, Forex trading scams, or other online scams.

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

This company registered in 2022 is another anonymous luring traders worldwide. With their non-transparent company information, you can’t find much at first glance. However, if you start analyzing the company step by step, you can find many irregularities. Primarily ones that can cost you money heavily.

Therefore, to stay protected from any kind of misleading, read this Invest Ehub review carefully.

Is Invest Ehub a Scam Broker?

As we can see from the company website, the address and contact info is missing. With this in mind, you know there is something shady behind the scenes. But to confirm that, we must take a look at their licensing. As a matter of fact, Invest Ehub trading company has none.

Unregulated anonymous broker. Invest Ehub has multiple warnings against them. Highly untrusted trading software. Non-attractive trading conditions. Malicious withdrawal policy.

Not only domestic but also missing any Tier 1 regulations. For instance, BaFin, ASIC or FCA. All registers were presenting no results. Except for FCA. But the results were not representative of Invest Ehub scam.

Warning Issued by Financial Authorities

One of the biggest red flags for a trading company is a warning from the regulator. In fact, FCA first issued such a warning in April 2023. So, less than a year into the business broker earned an award. For an investment scam.

Consequently, FSMA and CNMV followed the FCA principle and released warnings for their citizens.

The Opinions of Traders On About Invest Ehub

Invest Ehub trading scam did a proper job with the reviews. They tried to manipulate customers on Trustpilot to believe in their legitimacy. However, out of 83 comments already 25% is with 1-star rating. Most of them tell the same story. In general, how the broker didn’t allow any withdrawals.

Similar stories traders experienced with other brokers like this. You can check it in these detailed Kiplar and CarbonCapitalFX reviews.

Invest Ehub Platforms – A Software Comparison

Invest Ehub broker is one of those that didn’t bother investing in trading software. Their web trader is perfectly designed for their needs. The software doesn’t have any advanced features like social or copy trading. Not to mention automated options. Besides, manipulation through the back end is highly possible with such platforms.

Generally speaking, traders often look for trusted third-party software. In this case, your funds are protected and you have certain guarantees. For instance with Meta Trader or cTrader. Above all, these two have mobile apps suitable for all iOS and Android devices. On the contrary, with Invest Ehub scam broker you can only use the platform via browser.

What Financial Instruments Does The Platform Include?

Invest Ehub instrument offer is hard to understand at best. They claim to offer cryptos, but in the account type offer, you don’t have it. If we will trust their website, you can trade with:

• Currency pairs (Forex)           USD/GBP, HKD/SGD, AUD/JPY
• Commodities                         platinum, crude oil, natural gas
• Indices                                  S&P 500, Dow Jones, DAX 30
• Shares                                  General Motors, Goldman Sachs, Deutsche Bank
• Cryptocurrencies               BTC, SOL, ADA

But without licensing, investing with this broker is extremely risky. Primarily because you don’t have any protection. Starting with negative balance protection and compensation funds.

Invest Ehub Countries Of Service

What makes this broker dangerous is their worldwide coverage. Nobody is excluded. Except for US citizens.

However, everyone else is a possible target. Thus, Invest Ehub reviews reveal their patterns. This company is mostly scamming traders from:

• Spain
• Belgium
• UK
• Netherlands
• Italy

Account Options Offered by Invest Ehub

Considering that this is an anonymous scam broker, we are not surprised by their poor offer. Their account types are nothing more than a scamming strategy.

You can choose between 4 account types:

• Beginner
• Medium
• Retirement
• VIP

However, no minimum deposit requirements are revealed. All accounts allow scalping, but they differ mainly in leverage. This goes to an insane 1:400. After all, way above the maximum allowed in Europe of 1:30. Important to realize is that none of these accounts allow crypto trading.

Can a Trader Use a Demo Account?

In general, demo accounts are perfect soil for testing out. You can check all the functionalities and conditions of the platform.

Thus, with Invest Ehub broker that’s not possible. So, the only way to get started here is by depositing money. But with a non-licensed scammer that would be the worst move. Instead, you can find a Tier 1 regulated broker with all securities needed. After all, you can trade more comfortably.

Terms of Service for Invest Ehub

Another key point of this scam broker is the bonus policy. This broker has malicious rules to prevent traders from getting money out. For instance, on a $200 bonus, you must trade 50 standard lots. Which is an insanely high amount.

What’s even worse is that the broker has 30 days to process your withdrawal request. As for the funding methods, this broker remains mysterious.

Leverage, Spreads and Fees

The advertised leverage of 1:400 violates all rules and regulations. In addition to missing negative balance protection, it’s a recipe for disaster.

Trading spread is nothing better than leverage. On basic account starts from 2.8 pips while the industry average is 1.5 pips. But knowing this is a scam broker we are not surprised by anything. Even though they claim not to have any deposit or withdrawal fees traders had issues with those.

What Should I Do If I Have Invest Ehub Problem?

You can share here your experience with this broker. If they stole money from you, don’t let them slip away. Our specialized fund recovery team can advise you on any step.

We can assist you file a chargeback in case you have used a debit/credit card. Also, software like CipherTrace which our team has is the perfect solution for crypto transfers. We are equipped with knowledge, technology and patience. But it’s up to you to get your money back. Get in touch with us today and book your first free consultation.

What Is Invest Ehub?

Invest Ehub is an anonymous brokerage trying to target inexperienced traders from Europe mostly.

Is Invest Ehub a Regulated Broker?

No. They are completely unauthorized brokerage scamming traders worldwide.

Does Invest Ehub Have a Referral Program?

No. They don’t use referrals as a strategy, but only social media to lure traders.

Does Invest Ehub Offer a Demo Account?

No. Traders can’t trade with a risk-free demo account with Invest Ehub scam broker.

Allegedly a home to dynamic global trading, this CFD platform promises to empower you to invest and earn more than you ever could on any other portal. The cutting-edge software advertised should be one of a kind with an admirable amount of addons, tools and analytical options. 

This Relchart review breaks down the offer and considers the safety risks, in accordance with what regulatory bodies have published. 

Unlawful Operations Exposed

The default site language is set to Polish, which has immediately prompted us to go through the state regulator’s database. Unfortunately, the only result was the KNF warning. Right after this alert was published, IOSCO has reposted it as an additional action to warn investors. 

Please take into consideration the fact that your funds are not safe with this broker. They cannot guarantee segregation of funds as a means of protection and compensation plan in case the firm fails. Additionally, the trading terms work against you, so read on to learn how to recognize and avoid these companies with AnyTrades included. 

EEA Zone Targeted

The preferred site language being Polish also implies the targeted audience. It appears that a lot more trading areas are being marked as hunting grounds:

• Poland
• Ukraine
• Germany
• United States

Don’t be surprised if you are at some point approached by a suspiciously friendly and pushy sales agent. To convince you to invest with their seemingly lucrative proposition, they will promise just about anything. From offering high returns to no fees and guaranteed risk-free trades, there’s a variety of recycled lies with a pattern. 

In order not to fall for these petty tricks you should always double check your Forex dealer. However, if you’ve made a mistake of depositing there, do not despair. Our legal experts can help you take back what the cons have stolen.

Dishonest Reviews 

The first thing you will be greeted with when visiting the Rechart reviews page on Trustpilot is the warning. Website operators warn the audience about detecting a number of false reviews that this broker has attempted to misuse in order to falsely boost their credibility. 

The majority of these ratings were deleted by Trustpilot and only the negative ones remain. That’s why the brand sports a poor general rating of 2 stars out of 5. This tells us enough about who we’re dealing with and provides a solid reason why never to invest with them.

Veil Of Secrets Around Costs

Trading terms found on this trading portal are nothing short of either mysterious or worrying. Firstly, documents that should explicitly tell us about the concrete costs and trading parameters are just full of weasel words. That doesn’t help us much in determining the ruling circumstances. 

What is evident is the leverage of up to 1:400 being the max ratio. All the other elements of the trading environment are carefully concealed so you don’t get to learn what it will all cost you prior to signing up.

Unimpressive Features

Unless you’re intentionally willing to lose your entire capital, we see no other reason to sign up for this portal. Range of features is quite poor and it is all locked behind a KYC. Furthermore, other available options do not instill a positive impression at all. You’ll shortly see what we’re talking about.

Risky Download

There’s three variations of trading software offered:

• Web trader
• Desktop app
• Mobile app

When you attempt to access the web terminal, you’ll find yourself unable to do anything in the user area unless you perform a detailed KYC. That isn’t the only condition, however. Right after that, you will have to deposit real cash to gain permission to even navigate the user zone. Somewhat similar trading solution is found on another phony site – EmiDeals. 

As for the other software versions, there’s links that require you to download a suspicious installation file.

Groups Of Instruments

If there’s one aspect of their offer the site is meticulous about that’s instrument types. Although not as informative as regulated brokers are, at least there’s information on tradable asset groups. 

Nothing guarantees their real presence though, as no access to the trading area is granted. Either way, here’s the list:

• CFDs on Forex (EUR/USD, EUR/CHF, EUR/CAD)
• CFDs on Crypto (BTC, ETH, LTC, XRP)
• CFDs on Indices (S&P500, Nasdaq, DAX)
• CFDs on Metals (Gold and Silver)
• CFDs on Energies (oil, natural gas, and coal)
• CFDs on Futures (stock futures, commodity futures)
• CFDs on Stocks (Facebook, Tesla, Amazon)

Three Account Sorts

We can’t exactly agree with the site describing their offer of packages as unique. Bundles don’t even have their prices revealed. Some claim to offer higher leverage, dedicated account manager and live webinars but the probability of these being true is close to zero. All we have to tell you about them is their generic and overused names:

• Silver 
• Gold 
• Platinum

Unsolved Payment Terms

We’re not sure if it’s funny or pathetic that the site claims not to charge hidden fees and costs when all they’re about is anonymity and secrets. The only line that refers to payment costs in the legal texts says that the company has the liberty to deduct any amount necessary for covering the fees directly from the user’s account!

The minimum withdrawal amount is $50 by credit card or its equivalent in your chosen fiat currency. Does that imply the availability of credit card methods is left unclear. It may allegedly take up to 3 business days to process the request.

Ghost Staff

None of our emails was answered when we tried to establish contact with the Relchart support. Awkwardly enough, we started getting calls as soon as we registered on the site and shared our phone number. That should tell you enough about the customer service not functioning. Only fraudsters trying to extort money from you are diligent enough to be contacted.

Don’t Wait – Take Back What Is Yours!

The worst possible option is for a scam victim to remain silent about the crime they’ve suffered. That way, cyber criminality can flourish and these miscreants get rich quick by ruining the lives of others. 

If you’re pondering on pursuing the criminal you should immediately report them to the local financial authorities and police. You should also contact us for advice on what you can do to get ahold of your funds again. All you have to do to is book your free first consultation!

FAQ Section

What is Relchart?

This is a fraudulent brokerage brand that claims to be a world leading online trading company but is actually blacklisted by KNF and IOSCO.

Is Relchart Regulated?

No. As a matter of fact, the company lacks any regulation or a legit forex license.

Can I Recover Money from a Scam Broker?

You can contact our legal experts if you wish to know more on this subject and book your free consultation.