Grossccats Review 2023 – Is Grossccats legit or a scam?

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

Grossccats presents itself as a multifaceted financial investment platform, offering an array of services including cryptocurrency and forex trading, as well as opportunities in real estate. It aims to cater to a broad range of investors, emphasizing accessibility irrespective of their financial means. The platform boasts a 100% profit guarantee and touts its fully automated trading system, granting users full control over their investments. While these enticing claims may attract potential investors, it is crucial to conduct thorough research and exercise caution before getting involved with the platform.

 Website – https://grossccats.com/

Website Availability – Yes

 Address – 16 Beaufort Court, Admirals Way Docklands, London, E14 9XL,, UK

 Warned By – Not Recommended By Review Website Like All Report Scam

Domain Age of Grossccats

Identifying a Scam Broker: Key Indicators

Unregulated and Unlicensed

One of the foremost indicators of a potential scam broker, as emphasized in the Grossccats Review, is the absence of regulation and licensing. Legitimate brokers are required to obtain licenses from reputable financial regulatory authorities, a crucial step in guaranteeing adherence to stringent industry standards and rules.

Investors face a heightened risk of encountering fraudulent practices when dealing with unregulated and unlicensed brokers. The absence of clear regulatory oversight and licensing poses significant concerns regarding the broker’s credibility and the security of clients’ assets. It is crucial to exercise caution and conduct due diligence when engaging with such brokers to safeguard your financial interests.

Negative Feedback and Scam Reports

The prevalence of negative feedback and scam reports from clients and industry professionals, as emphasized by Grossccats Review, is a telltale sign of a scam broker. 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. To protect your financial interests, it’s critical to stay knowledgeable and vigilant.

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.

Protecting Your Investments From Scams

Trading in 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 Grossccats.com and other fraudulent entities requires vigilance and a proactive approach. Here are essential 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 Grossccats 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 Grossccats.com or other scams and preserve their financial assets by following these suggestions and keeping cautious. Keep in mind that extensive research and due investigation, such as reading a Grossccats review, are critical to ensure a safe and dependable trading experience.

Are you a victim of the Grossccats scam? Get your lost money back!

If you are the one who got scammed by Grossccats.com 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.

Grossccats Review: Grossccats Scam Conclusion

Given the facts and traits frequently linked to fraudulent businesses, it is impossible to ignore the concerns surrounding Grossccats.com, as indicated in the Grossccats 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.

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

Everything about this broker is a complete farce. The swindlers have made sure to present every single piece of data in a shady and vague manner. To make the platform appear as trustworthy, they have paid for fake reviews on popular websites. They can’t fool us, however, as the firm is completely unregulated and doesn’t have a single license.

Find out more about the dangers these illicit firms present on the online markets in our External Coins review.

An Illegal Company

Whoever is behind this fraud site never directly addresses any legality of the operation. Sure, they claim to be fully regulated, but instead of company registration and license information, you get paragraph after paragraph of weasel words with no concrete data.

The alleged office is situated in a prominent financial district in London, UK. The address has quickly proven to be bogus, of course. Any financial service provider operating from the UK must be registered with Companies House, and licensed by the FCA. External Coins are neither.

Other regulators, namely BaFIN, CySEC, ASIC, NFA, FINMA and FSMA have no information about this entity.

Trading through illicit firms like this one or Roldex Pro for instance means you can’t benefit from different safeties, such as segregated bank accounts and compensation funds.

Persistent Phone Calls

At least the firm didn’t lie about them being newcomers in the industry. Our WhoIs inquiry revealed that the site was launched in August 2022, targeting individuals from these nations:

• Canada
• United Kingdom
• Netherlands
• Ireland
• Norway

The entire fraud revolves around pressuring potential victims into investing. To do this, the company employs boiler room agents who endlessly harass people by phone.

This harassment, however, is not your childish prank call or something you’d compare to a telemarketing ad. Whether you decide to deposit or not, the problem only becomes larger in scale. Recovering assets lost to such deceivers is borderline impossible without the help of seasoned professionals that we employ.

Review Sellers Strike Again

Let’s be honest, nobody would want to deal with an anonymous, no-name company. To make it seem like they are a firm of some renown, this broker artificially inflated their online reputation by purchasing fake comments from so-called review seller networks.

The TrustPilot online rating platform has caught wind of this deceptive action, and has removed a large number of comments accordingly. What remains from a once apparently vibrant page is just a couple of client complaints, and a warning about false advertisement from TrustPilot themselves.

Irrelevant Data Instead Transparency 

In a failed attempt to appear user-friendly, the fraudsters carefully conceal all of the trading information. Instead, what is presented on the website is anything but useful information. It is only known that the leverage goes up to 1:100.

Empty claims about all of the services being affordable and useful clog the website and deceive traders into investing. All the while, the victims won’t even have a slightest clue what they’re signing up for. Besides the statement about platform owners being “entitled to levy a couple of charges plus service fee”, other details are skillfully masked.

Basic Trading Environment And Features

Finding out about different trading features with this company was not an easy task. The transparency is basically non-existent, and creating an account for External Coins login is impossible without a referral code.

Thus, we weren’t able to verify any of the scammers’ claims about these.

Dodgy Web Terminal

Although on the website you’ll find promises of the External Coins platform being revolutionary, fast and rich in features, you will not be able to access it easily. 

Firstly, you’ll need an account that only handpicked victims can open. Secondly, the website doesn’t display the ghostly software even in the form of screenshots, as many other cons do to appear believable. In this particular case, the promised terminal’s existence is questionable to say the least.

Unknown Asset Types

Similarly to how other parts of the site function, the assets remain in the informational gray area. Among the mind boggling amount of texts, you won’t find a single number, or a name of any assets.

The broker says they provide 500+ different instruments, categorized in these groups:

• Forex (EUR/USD, AUD/CAD, GBP/CHF, USD/JPY)
• Cryptocurrencies (BTC, LTC, ETH, XRP)
• CFDs (Forex, Crypto, Stocks, Bonds, Indices, Commodities)

Hidden Trading Account

One page of the website claims a total of five separate account types for great flexibility. Another offers as many as seven, and that’s not counting the Islamic account. As expected, these are the so-called tiered account types, and some lower tiers don’t even have access to the trading room!

Here’s an overview:

• Bronze – €10,000
• Silver – €25,000
• Gold – €50,000
• Platinum – €100,000
• Diamond – €250,000
• Premium – €500,000
• VIP – €1,000,000
• Islamic – Special Approval Only

With all these incredibly pricey accounts, you’d think a free demo would be in order. Unfortunately this is not the case, similarly to how 2Invest runs things.

Scarce Funding Information

Instead of enabling a separate Funding Policy, a single web page refers to transfers and other particularities related to account funding. All of the information the mentioned page contains is again mostly useless blabbing instead of concrete instructions. 

In such circumstances, we couldn’t verify if the mentioned funding methods were indeed available. Processing time is promised to be between 3 and 5 business days, but that’s left unconfirmed, as well.

Where’s Support When You Need It?!

Despite the claims about being available whenever and for whatever issue may bother the client, it’s still curious how the customer service never responds. We’ve tried all of the communication channels mentioned but it’s as if our request falls on deaf ears. Neither are the phone or email or online form you may send responded to.

Help Is Here 

Please never refrain from seeking help if you’ve been defrauded. While online trading is flourishing with technological development, there’s dark sides to it. One of them are certainly the cyber thieves, which are a constant threat to all decent traders out there.

In order to combat these financial swindlers, you have to speak up for yourself. Report the fraudster right away and seek legal help to recover your lost investment quickly and securely. Our legal experts can help you with that. All you have to do is book your free consultation via the online chat or the form at the end of this page.

FAQ Section

What Is External Coins?

It is a sham claiming to be trustworthy and regulated, but holding no license from any authority. If they’ve deceived you, please contact us as soon as possible for legal support.

What is the minimum deposit requirement in External Coins?

Minimum amount to invest is $10,000, how much costs the cheapest account type.

Which External Coins trading platform will I be using?

No platform is confirmed to exist, as it needs an account but registering for one is only enabled with the special referral code.

The official website of this questionable offshore service provider invites you to experience their world class services designed to suit every investor’s trading needs and preferences. What’s more, the unlicensed platform will have you believe they’re just the right Forex dealer you’ve been looking for. 

Promising you the online trading world on a plate while failing to even mention that they’re completely unregulated is what you can expect from every other gray zone firm. So better read this Hero FX review first before making investment decisions that could cost you a lot more than you bargained for.

Tax Haven For HQ

In order to safely expand their unscrupulous businesses, firms like Hero FX Ltd, Limeberg and others, often choose gray zones to register their conduct. In this concrete case, that’s St. Lucia, an offshore tax haven that doesn’t regulate brokerage agencies. This was publicly announced by their local financial authority – FSRA.

Looking through the web archive showed that the company previously claimed to be operating out of the British Virgin Islands, however without ever gaining FSC’s approval apparently. 

While at it, we’ve also checked premium regulator’s databases like FCA, BaFin, CySEC, ASIC and NFA, yet this concrete result shows up nowhere. Without a doubt, this trading portal will leave you penniless in the end, without a chance to secure your funds or get access to the compensation scheme. 

Who Is Targeted

Despite the website’s disclaimer about not providing services to the US citizens, the actual statistics show something different. Take a look at the list of targeted countries since May 2022: 

• United States
• South Africa
• India
• United Kingdom
• Canada

With the mass expansion of the online trading niche, fraudsters of all kinds have come up with more disturbingly efficient tactics to attract new victims. Boiler room agents take the central place in the scheme, as they’re the ones that do the convincing. 

Victim finding is facilitated through the usage of social networks like Facebook, Twitter, and Instagram. Agents employed by the HeroFX scam all operate through these social platform profiles. Sometimes they display insisting and pushy behaviors that border rudeness and obnoxiousness. That’s because they only care to make you invest, one way or another.

Victims Speak Up

Although the swindler keeps a lowkey internet profile, the experiences are being posted and they point out the truth. If you take a look at the Trustpilot page with the HeroFX reviews, you’ll see that the customers aren’t content with the service they got. The factual state of things is starting to show through and it doesn’t look good for this firm.

Higher Leverage And Hidden Commission

All of the account types offered allow an increased leverage on all assets up to 1:500. This is far beyond acceptable limits within the properly regulated trading zones. Exobit is another platform with such risky conditions.

Also, to make the deal all the more attractive, the spreads claimed either start from 0.01 pips with commission or 1.5 pips without trading commissions. 

When the costs aren’t revealed we couldn’t judge how good the offer actually is. Coming from an unlicensed trading portal, these claims are just words on paper.

Deceitful Presentation Of Features

By all means this suspicious website manages to attract the attention of the viewer by offering exceptional trading software. Furthermore, newly joined users can choose between raw spreads account and uncommissioned package. The offer of tradable assets seems quite limited, however. Let’s examine each of the offers.

Platform Unavailable Without KYC

Before you can gain access to the broker’s trading server, you’ll have to verify your account via email, phone and pass a detailed KYC check.

Is it all worth it just so you could get to trade on MT4 and MT5 on a suspicious server? No, it isn’t. Instead, you should go for a regulated Forex provider that has all the necessary permits and enables world-class software.

Limited Range Of Products

All of the available trading instruments are listed on the site itself. It doesn’t look like much, especially in terms of the number of instruments. So if you’re interested in more exotic assets, you’ll have to look somewhere else. 

Here’s the available products groups:

• Forex (CHF/USD, EUR/USD, GBP/EUR, NZD/USD)
• Metals (Silver, Gold)
• Indices (UK100, DE30, US30, NAS100)
• Energies (Oil, Natural Gas)
• Futures (Cocoa, Coffee, Cotton)
• Crypto (BTC, ETH, LTC, XRP)
• Shares (IBM, Twitter, JP Morgan)

Two Account Types

The HeroFX accounts differ depending on the type of spreads you wish to go for. However, no full disclosure is given as far as actual trading commission is concerned. 

What is additionally concerning is the fact that the prices of the packages remain hidden. You have to consult the customer service in order to find out how much anything costs. 

The two advertised account types are:

• Raw Spread Account
• No Commission Account

Crypto Transfers Only

The alleged “flexible” payment process, as the swindler calls it, actually pushes you to choose between BTC and Tether payments. Indeed, these types of transfers are the fastest, but that is exactly what makes them so dangerous. You can lose your money in a blink of an eye, and since the payment is entirely anonymous, the thief remains untrackable. 

Due to the missing Hero FX Withdrawal Policy, we couldn’t determine the exact payout terms. In that sense, it isn’t known how long the processing period takes, what the fees are and how to ask for a refund. 

Unfunctional Help Desk

Getting directly in touch with the HeroFX support is rendered impossible. The firm simply has a nonexistent customer service team, as many of their victims confirm. The client zone has an option to contact the help desk, but you can only submit a form that nobody replies to.

We Help Victims!

Unlike the false recovery agents, our company employs legal experts and chargeback professionals that offer legal support and advise where it’s due. Right after you report the financial abuser to the local authorities, make sure you also seek help from our support team. 

For a quickest response, you can use the online chat or the online form to book your first consultation and share your withdrawal issue with us. And remember – your first interview is completely free of charge!

FAQ Section

What Is HeroFX?

It is an offshore scheme with unscrupulous tendencies and no legitimate Forex license. If you’re having issues with them, please contact us promptly.

How do I know that the funds have reached HeroFX?

You don’t. There’s no communication between the platform and users and the transfers are anonymous.

What type of customer support does HeroFX offer?

None. The service is unreachable and the help desk doesn’t serve its purpose.

Venus4T’s website has several broken links, which were supposed to give us insight into key information such as the regulatory license and fees. Moreover, the trader reviews we found seem suspicious, i.e. dishonest.

And on top of all that, we found a regulatory warning issued against this platform. All these red flags call for an investigation. Please read our Venus4T Review to learn why this broker is a terrible choice for trading and how to detect and avoid unscrupulous trading schemes such as this one or Lewcoin.

Legal Info: Are There Any Venus4T warnings?

Venus4T claims to be headquartered in Switzerland but there is no data about this trading brand anywhere on the internet besides the broker’s website. As mentioned, the link to the alleged regulatory license was broken.

Nevertheless, we did some more research and found a warning issued against this platform by the Canadian Autorité des Marchés Financiers (AMF). It was published on October 19, 2023, stressing that Venus4T “is not authorized to solicit investors in Québec.”

Unregulated brokers are extremely risky and dangerous since they aren’t liable to compensate clients regardless of the scenario. Thus, do not ignore the financial watchdog’s warning. 

Instead of trusting unlicensed providers, you should stick to regulated brokers operating under the supervision of a reputable financial authority such as the FCA (UK), CFTC & NFA (US), ASIC (Australia), IIROC (Canada), MAS (Singapore), CySEC (Cyprus), etc.

Who Are Venus4T’s Targets?

According to godaddy.com/whois, the venus4t.com website domain was created on August 7, 2023. Since then, the financial swindler has been targeting mainly unsuspecting traders who reside in the following countries:

• Netherlands;
• Canada;
• Lithuania.

All these countries are heavily regulated in terms of the financial market. Two are European, meaning they implement and enforce common laws and regulations of the European Securities and Markets Authority (ESMA).

One law stipulates that the maximum leverage for retail clients cannot exceed 1:30. Venus4T offers up to 1:50, which is legal in Canada but to reiterate, the AMF flagged this platform as an unauthorized entity.

Trader Reviews – Sharing Experiences

We were a bit surprised to see many positive reviews of this platform on trustedrevie.ws. At the time of this writing, the broker had 30 reviews and an average score of 4.4/5 on that forum. Whether these reviews are honest is questionable. 

The earliest reviews started appearing in early August, about the time when the website was created, which is odd. How is it possible that traders managed to achieve satisfactory results so quickly? Keep in mind that these reviews may have been incentivized.  

Some complaints can be found on scamadviser.com, explaining in detail how the shady scheme works. “I was totally despondent when this company swindled me of my hard-earned money. Appearances can be misleading sometimes,” one unfortunate victim stated. In short, if you deposit money into this platform, you won’t be able to withdraw it. 

Please avoid trading on unregulated platforms such as Venus4T or LEIWOW FX and instead stick to transparent brokerage firms with safe trading conditions.     

Which Trading Platform Is Available?

Venus4T offers an oversimplified web trading platform that supports popular trading assets such as indices, stocks, commodities, and cryptocurrencies. Forex trading is not available. 

We were unable to check out the platform because there was no demo account option. In general, rudimental browser-based platforms can easily be rigged to create an illusion of trading profits.

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

Available Live Account Types

Leverage, Spreads, Commissions, Demo Account

The maximum leverage that Venus4T offers ranges from 1:10 to 1:50. If the firm were indeed a legal Swiss provider, it wouldn’t be able to offer leverage north of 1:30. High leverage can amplify potential profits, but it also significantly increases the risk of potential losses, hence the regulatory limits.

As for the spreads, the broker’s website claims that users can trade with ultra-tight spreads, starting from 0.0 pips. Again, we weren’t able to confirm this without access to the platform. Commissions were not disclosed.

The absence of a risk-free demo account is a major red flag. If you are a beginner, you should not be risking real money straight away. Every legitimate brokerage firm nowadays offers a demo account so be sure to choose the right provider. 

Deposit and Withdrawal Process

Venus4T states that there are three available payment methods that can be used to fund live trading accounts:

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

The minimum deposit requirement is 250 USD but the deposit & withdrawal fees, as well as the payment processing time, were not disclosed. Regardless, it’s unlikely that you’ll be able to withdraw funds from this platform so please consider a chargeback. 

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. Wire transfers can be reversed via a recall but this action can only work for transactions yet to be completed.

Key Facts To Consider About Venus4T

To sum up, Venus4T is a phony online trading platform with no valid license. The cyber trickster mainly targets traders from the Netherlands, Lithuania, and Canada.

We do not recommend this platform because it is unregulated and blacklisted by the Canadian AMF regulator. In case you are a victim of the Venus4T scam, you must seek our professional help to recover your money!

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 chargeback process and assist you every step of the way.

Book your consultation with us today and start the chargeback process.

FAQ Section

What is Venus4T?

Venus4T is a fraudulent online platform that operates unregulated with the goal of scamming unsuspecting traders.

Can I Withdraw from the Company?

You can request a withdrawal from your account but it’s unlikely that the fraudster will allow you to withdraw your funds.

What to Do If I Was Scammed Online?

You should book a free consultation with us and tell our experts what happened. We will instruct you on how to retrieve your money.

CoinMate is a cryptocurrency exchange founded in 2014 in the Czech Republic. The platform offers favorable fees with a low deposit requirement but is limited in some aspects such as the payment methods and choice of coins.

Our CoinMate Review is an unbiased analysis of the online cryptocurrency exchange. However, we aim to scrutinize the platform in order to give a verdict on whether it is worth your investments. Give it a read before depositing any funds.

Legal Info: Is CoinMate Regulated?

CoinMate AS is headquartered in the Czech Republic. Yet, the company is not registered with the Czech National Bank, which is in charge of regulating the local financial market and securities. This means that the CoinMate exchange is not liable to implement ESMA’s common regulatory laws and rules for the European Economic Area. 

One of the key benefits clients have with ESMA-licensed providers is a compensation contract worth up to 20,000 EUR in case something goes wrong, plus protection for the ombudsman. 

That is the key reason why this platform cannot be considered 100% safe and secure. 

We recommend you trade with providers that are licensed by top-tier financial market authorities such as the FCA (UK), SEC (US), ASIC (Australia), IIROC (Canada), MAS (Singapore), CySEC (Cyprus), etc. 

CoinMate Reviews – Traders Sharing Experiences

At the time of this writing, the crypto exchange had 1,019 reviews and an average score of 4.1 (great) on trustpilot.com. Quite impressive. Traders seem generally satisfied with the platform’s services. However, that does not imply that issues cannot arise while trading and buying/selling cryptocurrencies on this platform. 

Some traders pointed out the withdrawal delays they experienced. In case you want to recover the funds you invested in it, feel free to contact us for help. Read more about how we solve these cases in our Usdt5511 review.    

Who Are CoinMate’s Targets?

According to godaddy.com/whois, the Coinmate.io website domain was created on December 12, 2013. Since then, the crypto trading exchange has mainly been accepting clients who reside in the following countries:

• United States;
• United Kingdom;
• Germany;
• Slovakia;
• Czech Republic.

Three out of five are EU members and thus enforce common financial market regulations of ESMA. One rule stipulates that a provider must be licensed to legally operate in the European Economic Area.

The US is an entirely different jurisdiction with even heavier regulations. We have already stressed the fact that if you invest money in this platform, you cannot count on regulatory help or compensation so be cautious.

Coinmate app – Available Trading Platform

The exchange features a web platform designed for the straightforward purchase and sale of digital assets for fiat money. It is based on TradingView for spot cryptocurrency trading that supports limit and market orders. 

Although the platform is exclusively browser-based, some traders would prefer to have CoinMate software for mobile devices, which would enable additional convenience and the option to trade on the go.  

Novices may find the online trading terminal easy to comprehend but trading volatile assets such as cryptocurrencies is extremely risky per se, which is why you’ll need all the tools you can get to ensure you’re on track. We thus recommend providers that support recognized third-party software such as MT4 or MT5. 

Fee Structure

According to the website, the fees for quick buying and selling of cryptocurrencies are included in the exchange’s fees. Trading pair fees, on the other hand, depend on the order type (maker or taker) and the trader’s 30-day trading volume. The structure is the following:

• For a 30-day trading volume of up to EUR 10,000:
  • Maker fee: 0.3%;
  • Taker fee: 0.35%;

• If a trader’s trading volume is higher, the fees may vary:
  • Maker fee: 0.15% (minimum) to some maximum value;
  • Taker fee: 0.07% to 0.25%.

Moving on to the deposit and withdrawal fees. The exchange platform has outlined how the payment process is commissioned:

• Deposit Fees:
  • No fee is charged on deposits in cryptocurrencies and Czech koruna via an internal bank transfer;
  • Deposits via SEPA are charged EUR 1 per transaction;
  • Deposits via MasterCard/VISA cards are charged 1.9%-2.9%.

• Withdrawal Fees:
  • BTC: 0.00002 – 0.00032 BTC;
  • LTC: 0.0004 LTC;
  • ETH: 0.0030 ETH;
  • Bank transfer: 1 EUR.

Referral Program

If you’re still interested in the entire CoinMate package, there is a referral program available, which allows users to earn commissions off of referrals and achieve passive income.

Per the website, clients can get 20% of the trading fees of users who register on the crypto exchange using their referral link. The referral reward is accrued for a six-month period after the referred user successfully completes the registration process.

The whole concept is presented as a way for the exchange to incentivize users to bring new members to their platform, which is understandable. Just keep in mind that referral programs may be Ponzi schemes in disguise. Think it through before dragging your close ones into it.

Deposit and Withdrawal Process

CoinMate listed three main payment methods that can be used for buying crypto and withdrawing funds:

• MasterCard/VISA credit/debit cards;
• Bank transfers;
• Cryptocurrencies.

The minimum investment is around 35 USD. In case you’re having issues withdrawing your money from the exchange, you should get familiar with the chargeback process.

A chargeback is the reversal of MasterCard and VISA credit/debit card transactions. It can be requested at the issuing bank within 540 days. For bank transfers, you can request a recall to reverse the transaction.

Crypto payments are more complex and require professional assistance. Luckily for you, we specialize in various fund recovery methods so please don’t hesitate to book a consultation with us.

Key Information To Consider About CoinMate

To sum up our review, CoinMate is an unregulated Czech crypto exchange that has been active for about a decade. In the meantime, this firm has accepted numerous clients mainly from the UK, US, Czech Republic, Germany, and Slovakia.

Although the exchange has received considerable positive feedback on Trustpilot, it doesn’t mean that it’s completely safe and secure. It may turn out to be a hoax just like Discovery. Should you experience any issues, be sure to let us know.

If you cannot withdraw your funds from CoinMate on your own, we offer our professional services and assistance. Book your free consultation with Scam Brokers Reviews today!

Book a free consultation with us and start the chargeback process.

FAQ Section

What is CoinMate?

CoinMate is a Czech-based crypto exchange with an online trading platform and low fees.

Is the CoinMate Secure?

Not really. This platform is not regulated by the local financial watchdog so be careful.

What Should I Do If I Get Scammed By a Fake Crypto Exchange?

You should book a consultation with us because we have a team of experts that can help you recover your funds.

Minelab Review 2023 – Is Minelab legit or a scam?

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

Minelab, a UK-registered cryptocurrency platform, appears trustworthy due to its official credentials. However, caution is crucial when evaluating such registrations as they don’t guarantee ethical or reliable operations. Minelab’s use of artificial intelligence (AI) for cryptocurrency mining adds sophistication to its image, yet the specifics and real benefits of this technology remain undisclosed.

This lack of transparency can leave potential investors uncertain. Minelab entices investors with daily returns of 2.5% to 3%, which is unusually high and consistent in the volatile crypto market, raising immediate red flags. Such promises often entail elevated risks, demanding a skeptical approach from investors.

 Website – https://minelab.bz/

Website Availability – Yes

 Address – 7a Canalside Square, London, England, N1 7FJ

 Warned By – Not Recommended By Review Website Like Report Scam

Identifying a Scam Broker: Key Indicators

Unregulated and Unlicensed

One of the foremost indicators of a potential scam broker, as emphasized in the Minelab Review, is the absence of regulation and licensing. Legitimate brokers are required to obtain licenses from reputable financial regulatory authorities, a crucial step in guaranteeing adherence to stringent industry standards and rules.

Investors face a heightened risk of encountering fraudulent practices when dealing with unregulated and unlicensed brokers. The absence of clear regulatory oversight and licensing poses significant concerns regarding the broker’s credibility and the security of clients’ assets. It is crucial to exercise caution and conduct due diligence when engaging with such brokers to safeguard your financial interests.

Negative Feedback and Scam Reports

The prevalence of negative feedback and scam reports from clients and industry professionals, as emphasized by Minelab Review, is a telltale sign of a scam broker. 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. To protect your financial interests, it’s critical to stay knowledgeable and vigilant.

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.

Protecting Your Investments From Scams

Trading in 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 Minelab and other fraudulent entities requires vigilance and a proactive approach. Here are essential 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 Minelab 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 Minelab.bz or other scams and preserve their financial assets by following these suggestions and keeping cautious. Keep in mind that extensive research and due investigation, such as reading a Minelab review, are critical to ensure a safe and dependable trading experience.

Are you a victim of the Minelab scam? Get your lost money back!

If you are the one who got scammed by Minelab 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.

Minelab Review: Minelab Scam Conclusion

Given the facts and traits frequently linked to fraudulent businesses, it is impossible to ignore the concerns surrounding Minelab.bz, as indicated in the Minelab 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.

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

L7dex Review 2023 – Is L7dex legit or a scam?

In the dynamic realm of online trading and investments, the rise of deceptive entities pretending to be reputable brokers poses a significant concern. L7dex has garnered attention recently due to suspected fraudulent activities, generating apprehension and necessitating thorough scrutiny. Through this extensive L7dex review, our objective is to offer an impartial evaluation by presenting verifiable facts and information obtained from reputable and trustworthy sources.

L7 DEX aspires to create an accessible and decentralized cryptocurrency trading hub, emphasizing user-friendliness, especially for newcomers. However, it harbors disconcerting elements. The foremost concern is the undisclosed identity of the website owner, casting doubts on the platform’s credibility and reliability. Anonymity support within L7 DEX raises further apprehensions regarding potential illicit dealings. Cryptocurrency’s connection with secrecy has long been a contentious issue for both regulators and users, heightening scrutiny.

 Website – https://www.l7dex.com/

Website Availability – Yes

 Address – NA

 Warned By – Not Recommended By Review Website Like Report Scam

Domain Age of L7dex

Identifying a Scam Broker: Key Indicators

Unregulated and Unlicensed

One of the foremost indicators of a potential scam broker, as emphasized in the L7dex Review, is the absence of regulation and licensing. Legitimate brokers are required to obtain licenses from reputable financial regulatory authorities, a crucial step in guaranteeing adherence to stringent industry standards and rules.

Investors face a heightened risk of encountering fraudulent practices when dealing with unregulated and unlicensed brokers. The absence of clear regulatory oversight and licensing poses significant concerns regarding the broker’s credibility and the security of clients’ assets. It is crucial to exercise caution and conduct due diligence when engaging with such brokers to safeguard your financial interests.

Negative Feedback and Scam Reports

The prevalence of negative feedback and scam reports from clients and industry professionals, as emphasized by L7dex Review, is a telltale sign of a scam broker. 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. To protect your financial interests, it’s critical to stay knowledgeable and vigilant.

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.

Protecting Your Investments From Scams

Trading in 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 L7dex.com and other fraudulent entities requires vigilance and a proactive approach. Here are essential 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 L7dex 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 L7dex.com or other scams and preserve their financial assets by following these suggestions and keeping cautious. Keep in mind that extensive research and due investigation, such as reading a L7dex review, are critical to ensure a safe and dependable trading experience.

Are you a victim of the L7dex scam? Get your lost money back!

If you are the one who got scammed by L7dex 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.

L7dex Review: L7dex Scam Conclusion

Given the facts and traits frequently linked to fraudulent businesses, it is impossible to ignore the concerns surrounding L7dex.com, as indicated in the L7dex 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.

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 L7dex review written above is influenced by the other L7dex reviews already present on the web. We are not liable for any legal action from the L7dex.com company. In case of any query please mail us at info@reportscam.net.

Investing, trading, wealth management and investment advisory are just some of the services this allegedly acclaimed financial portal provides. Aside from the problem of not knowing the exact name of their company even, the website is a complex web of lies and empty promises of quick profit. 

Although the conduct should be legally incorporated under the financial laws of the US and the UK, they do not appear in any legal register. Read about our perspective on this fraud in the following CRG Investec review.

Lies Instead Legal Info

One forged certificate of incorporation with the UK Companies House doesn’t make this sham any more legit. Also, there’s a bunch of statements which urge you to believe that they’re a proud NFA member, regulated by the strict CFTC. 

There’s also a NZ address but FMA has no data on this firm either. In any case, after investigating the claimed connections we came up with zero results, as evident.

This suspicious conduct also doesn’t own a valid license for their financial services by any Tier 1 authority, such as FCA, CySEC, ASIC or BaFin. It is painfully obvious that the website is an investment trap that operates under the radar and without proper supervision.

Investments in such schemes are risky, funds aren’t protected by segregated accounts and no compensation plan allows you a chance for reimbursement in case the company fails. Laxsson runs a somewhat similar fraudulent scheme and you should practice caution when choosing a reliable trading platform. 

Just How Old Is This Firm?

You’ll find a few different pieces of information pertaining to when the company was established. One part of the site says 2006, the other 2012, and the copyright dates back to 2022.

This is all complete hogwash – as you can see from the WhoIs register, the crg-investec.org domain did not exist prior to March 2023. Looking into our web analysis tool, we learned that the victims are most numerous in the following nations:

• Turkiye
• Nigeria

Getting new clients to join the platform is done through boiler room agents, similarly to the StargazeCapital scheme. The swindlers call them “account managers”, but we know it’s their job to squeeze the money out of victims as efficiently as possible.

After they get their dirty paws in your wallet, getting your cash back can prove difficult without legal help.

Services Bear Hidden Costs

Despite claiming to enforce transparency, this Forex dealer remains silent in terms of service costs. While on one side you will be greeted with claims about the trading service being nothing but utterly respectful of the regulatory standards, the reality is different. 

No legal papers explain how the services are charged. Additionally, although a variety of services should be available, you won’t know under which conditions they’re offered.

Referral Program

As a part of the strategy to expand their shady business, the platform owners lie about commissions available from being a company affiliate. If you bring in more people to buy these services, you could allegedly build your own passive income. However, exact terms of this option aren’t given anywhere.

Trading Features In Name Only

Nearly all trading aspects with this firm are either falsely advertised on the site, or completely fabricated. There’s a lot of deceit involved every step of the way.

One of the examples is that on one page, the firm claims complete freedom with trading and investments. On the other page, however, you will see that it is required to strictly adhere to the guidance of your account manager.

No Actual Platform

After seeing all of the awards and adverts, you’d think that the firm has some cutting edge platform to offer. In fact, there is none.

The entire fraud revolves around investment plans with hefty price tags, but there are no tools the clients may use to track where their money is going.

Zero Available Assets

As there is no trading application, it’s clear that no trading is possible with this company. This did not stop the fraudsters from advertising trading Forex, Stocks, Indices, Bonds and ETFs as their trading instruments.

Outside of some fake claims about hundreds of different assets, there is no insight into the individual instruments. So much for “investing with confidence”.

Incredible ROI Plans

The firm pairs their CRG Investec account types under the same umbrella as the investment plans. The idea is, you may freely use your deposit both for trading, or purchasing investment plans. These are all tiered, but do not offer much in the way of benefits other than inflated ROI.

Here’s an overview:

• BASIC PLAN – $20; 15% ROI after 24 hours
• STANDARD PLAN – $500; 30% ROI after 24 hours
• PROFESSIONAL PLAN – $1,000; 70% ROI after 48 hours
• EXPERT PLAN – $5,000; 100% ROI after 72 hours
• VIP PLAN – $10,000 + ; 200% ROI after 1 week

Crypto Transfers Forced

The only accepted funding method is digital currencies. From the user area, you can reveal which exact crypto tokens are supported as a means of fund transfer. Both deposits and withdrawals are only conducted in Bitcoin and Ethereum. 

Due to the absence of any legal documentation, it isn’t clear what processing time is needed for payouts. It is also left unsaid what fees are included in these processes. It’s been made clear that there’s an abundance of mandatory fees, but not a single one is defined. 

Site Lacks Live Support

It’s impossible to connect with a customer support agent at all. The live chat is everything but, as it doesn’t even have a chatbot, only a text that says “Send us a message”. Other than that, there’s the phone that never gets connected, and an email. If you have an urgent issue that requires a quick resolution, you’re on your own.

Lost Your Investment? Get In Touch Today!

This is an investment firm in name only, as the company is not regulated anywhere in the world. All of the information you see on the site is made to instill a feeling of confidence, albeit not through tangible data but through weasel words and hollow promises.

The entire website is just a trap to get potential victims to deposit funds. With cryptocurrency transfers as the only payment option, it becomes difficult to track where your funds are going to. Getting money back from these miscreants is nigh impossible without legal help, so get in touch with our experts today and start your chargeback!

FAQ Section

What is CRG Investec?

The web layout suggests a reputable US company, but that’s just an illusion – this is a proven fraud!

Can I Trust CRG-Investec with My Money?

No, this anonymous Forex dealer will drain your funds and rob you blind, better stay away.

What to do If I Was Scammed Online?

Your best bet is to contact our legal experts – we provide useful legal support if you wish to recover stolen funds.

Looking at the website for the first time gives an impression of a well-made, yet somewhat cheap website. The footer on the website looks the part of an actual, legit company, until you start reading it. We have found a few alarming sentences that pointed out that the company behind the website is completely illicit.

Take a look at our W7BT review to learn more about how these faux brokers operate, and how to look for the signs of fraudulent behavior.

Unregistered And Unregulated

The w7bt.com website is owned and operated by W7 LIMITED, allegedly based in Saint Lucia. Looking into the ROCIP register, we can see that no company under the given name exists.

In addition, the main financial regulator in this nation, FSRA, does not regulate Forex brokers, as is the case with the SVGFSA, another alleged legal jurisdiction that is mentioned in the Terms and Conditions.

The footer on the website also says that the firm is authorized to provide services in the EU. This holds no truth either, as the company is not regulated by BaFIN, CySEC, FMA, FSMA, or any other regulatory body in the EU.

Since these sorts of unregulated brokerages, another one being Bitlerz, have started popping up all over the web it’s very important to check the company background before investing. Unregulated firms don’t provide any safeties like compensation funds or segregated bank accounts, and are more than likely to just steal your money.

Hiding Behind Encryption

The WhoIs register shows us that the w7bt.com domain is in use for fraudulent activity since 2019. It mostly targets the population of these regions:

• Brazil
• United States
• Portugal
• Uruguay
• France

Their digital footprint with this broker is quite small as well, consisting of a single LinkedIn profile. The company boiler room agents are most active on Telegram, where end-to-end encryption lets them hide more easily.

One of the common approaches with these agents is that they seek new investors for a revolutionary new financial venture.

It’s all a pack of lies, used to entice victims into depositing the money they will never see again. For this reason, recovering money from this scheme or Komslex for instance, requires professional help.

Trading Environment Characteristics

Typically for an offshore, unregistered business, this site also offers far higher leverage than allowed in the EEA, where they promote and sell their services. The maximum leverage allowed by this Forex dealer is 1:200, while the strict regulators have banned any ratio higher than 1:30. 

Starting spreads vary, depending on the account type. Naturally, they’re tightest for the priciest account, where they start at 0.7 Pips, with commission of $5 per lot traded. Otherwise, the cheapest account type features spreads from 1.5 pips with commission fees of US$ 7.50/lot.

Deceptive Features To Make You Feel Safe

There’s no doubt that the platform owners have invested a certain amount of effort to make their offer look attractive despite the lacking license. In that sense, you’ll have MT5 offered, with precisely outlined account types and instruments on offer. Let’s take a look at these features individually.

MT5 For Desktop

In an attempt to test the prestigious platform on this broker’s server, we downloaded the Demo version and were sent the correct login credentials. Everything worked fine, we have to admit. However, the MT5 web trader wasn’t available unless for live trading accounts. 

Needless to say, this platform offers a wide range of analytical instruments and charting options, with comprehensive and advanced features for precise market tracking. Such a shame we can’t trust an offshore Forex portal offering it.

MT5 For Mobile

Downloading the premium trading solution is also made available for all mobile devices. Android and iOS users are given Google and Apple store links for fast download. However, only the MT5 Mobile Demo version is available this way. 

Unclarified Access To Markets

It is strange how an online trading portal doesn’t even mention what financial instruments they provide access to. The only information considering the tradable asset groups were the one we got directly from the platform:

• Forex (EUR/USD, EUR/CHF, AUD/USD)
• Indices CFDs (HK50, JPN225, NAS100, SPA35)
• Metals (Silver and Gold)
• Crypto (BTC, ETH, LTC, XRP, ZEC, NEO, DOT)

Tiered ECN Accounts

At first glance it seems like W7BT account types are in line with the current industry average, until you see the attached price tag.

All of the accounts are allegedly based on ECN market execution, with the difference being in how tight the spreads are. Here’s an overview of initial deposits:

• STANDARD ECN – $100
• PROFESSIONAL ECN – $10,000
• PRIVILEGE ECN – $100,000

After creating an account we have encountered a server error that has prevented us from accessing the client area.

MetaTrader5 Demo

The company offers a free demo account with their MT5 software, which comes with $10,000 of virtual currency. The issue is that with unregulated companies, these demos are usually run with different trading parameters.

This makes the business of trading seem less risky than it actually is, and the victim is in for a cold shower as soon as they deposit actual money.

Unclear Payout Policy

On the website, the broker advertises several payment methods, including bank cards, wire transfers, e-wallet and cryptocurrency payments. The issue with defunct W7BT login means that there is no way to verify any of these claims, however.

As there is no clear policy for W7BT withdrawal, the swindlers can change the rules and conditions any time they like, and effectively block your assets. For help with recovery, get in touch with our professionals via the live chat.

Evasive Customer Service

A brand that only allows communication via email doesn’t quite leave an impression of being at your service. The only way to establish any information exchange with the W7BT support is via an email or an online form to get another email reply. That doesn’t seem like they like to be contacted often or that they care to support clients.

Convincing But Not Quite

The online trading site in question is almost deceptive enough with their claims of being legally incorporated, MT5 present and a defined, transparent offer of accounts. However, anyone can publish just about whatever they want on their website and the same goes for unregulated trading firms.

Please contact us immediately if you’re facing troubles with withdrawing your investment from this platform. Our chargeback specialist and legal counselors can help you get your money back in no time. In addition, know that your first consultation is completely free of charge.

FAQ Section

Who is W7BT Broker?

It is a fraudulent offshore company, allegedly based in Saint Lucia but with no actual registration or license.

Is W7BT Regulated?

No, this broker does not have any license, and is not subject to any regulatory oversight whatsoever.

Is There a Way to Recover Money Lost in Online Trading Scam?

It’s difficult to get your money back from these scammers without professional help. Book a free consultation with our experts in order to start a chargeback.

Our Grandva Capital Review is here to expose this anonymous fraudster that disguised its scheme as an investment opportunity. The scam revolves around an online platform that is supposed to trap users’ funds.

In order to avoid falling victim to this unscrupulous plot, we advise you to read our analysis. Learn how you can detect cyber scams such as Grandva Capital and External Coins and how to retrieve lost funds.

Legal Info: Is GrandvaCap Regulated?

According to the US Securities and Exchange Commission (SEC), Grandva Capital LLC is an investment advisor headquartered in California, USA. Yet, the bogus website claims this business is based in New York when the SEC’s register says California.

Moreover, the shady website did not include a phone number. We have to admit that it is a cunning disguise, which would fool many. That is why reviews such as this one exist, to prevent that from happening. 

Instead of trusting unregulated providers, you should stick to licensed investment firms and advisers operating under the supervision of a reputable financial authority such as the FCA (UK), CFTC & NFA (US), ASIC (Australia), IIROC (Canada), MAS (Singapore), CySEC (Cyprus), etc.

Who Are Grandva Capital’s Targets?

According to godaddy.com/whois, the grandvacap.com website domain was created on April 12, 2023, two years after the real firm was registered. Since then, the financial swindler has been targeting mainly unsuspecting traders who reside in the following countries:

• United States;
• Brazil;
• Mexico.

These countries, especially the US, are strictly regulated in terms of the financial market. Unlicensed entities, or foreign providers such as Levetrade, cannot legally operate under the SEC regulator’s jurisdiction. This platform is not transparent, it is a fraudulent attempt to steal honest people’s money.

Trader Reviews – Sharing Experiences

If you need more proof that this is a scam, simply check out the lengthy piece of expose, i.e. complaint against the company on scampulse.com. This unfortunate victim lost nearly 20,000 USD to this fraud.

It seems Grandva Capital is using WhatsApp to reel in potential users and entice them by presenting lucrative offers. Afterwards, users are instructed to invest money in the MT5 platform, which they may never see again.

Crypto deposits are yet another shady practice cyber con artists are known for. One more negative review can be found on trustpilot.com. Please avoid trading on unregulated platforms such as Grandva Capital and instead stick to transparent firms.

Which Trading Platform Is Available?

According to the complaint we previously talked about, Grandva Capital provides users with MetaTrader 5, arguably the best trading platform in the industry. This advanced software comes with a wide range of cutting-edge tools such as automated trading options, live market reports, lightning-fast order execution, and multiple timeframes.

However, we highly doubt that this is a legitimate and full version of MT5. It could be a demo mode so we wouldn’t trust the despicable firm on this one.

Even if it were the real deal, you cannot forget that this platform is unregulated and thus extremely risky. For that reason, please stick to licensed MT4 and MT5 providers.

Trading Conditions

“Fund account with as little as $100 and start trading the global financial markets,” says the website but how is one supposed to trade when the trading conditions are unknown?! 

Spreads and commissions, i.e. trading costs, as well as the maximum leverage, were not disclosed, which raises concern. Such a lack of transparency raises concern.

If you are a beginner, you should not be risking real money straight away. Unfortunately, Grandva Capital doesn’t support a free demo account. Every legitimate firm nowadays offers a demo account so be sure to choose the right provider. 

Deposit and Withdrawal Process

Grandva Capital states that there are several available payment methods that can be used to fund live trading accounts:

• Credit/debit cards (MasterCard, VISA);
• Wire transfers;
• PayPal;
• UnionPay;
• Cryptocurrencies.

The minimum deposit requirement is 100 USD but the deposit and withdrawal fees are unknown. Regardless, it’s unlikely that you’ll be able to withdraw funds from this platform anyway so please consider a chargeback. 

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. Wire transfers can be reversed via a recall but this action can only work for transactions yet to be completed.

As for crypto payments, you’re going to need to seek out professional assistance as these types of transactions are a nightmare to reverse. Luckily, we have a team of experts that can help you recover your funds.

Key Facts To Consider About Grandva Capital

To sum up our review, we shall give the following verdict – Grandva Capital is a distrustful investment scheme. It mainly targets traders from the United States, Brazil, and Mexico.

We do not recommend this platform because it has already claimed one unfortunate victim. In case you have also lost money to the Grandva Capital 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 chargeback process and assist you every step of the way.

Book your consultation with us today and start the chargeback process.

FAQ Section

What is Grandva Capital?

Grandva Capital is a crooked investment firm allegedly based in the United States with a suspicious offer.

Can I Trust Grandva Capital With My Money?

No, you cannot. This dubious firm has already defrauded one trader and stole nearly 20,000 USD. The platform should be reported to the authorities.

What Can I Do If I Lose Money to an Online Investment Scam?

Your best option is to book a consultation with us so we can go through your case together and come up with an adequate solution to recover your funds.