Exprime broker promotes their outstanding services but without any credibility. Primarily, the company doesn’t share any ownership information whatsoever. Therefore, traders are left without information about the holders of their invested money.

Consequently, you can’t be sure about any protection with this broker. But if you are thinking to invest here, read this Exprime review carefully to find out why not to invest.

Legal info: Is Exprime legit or a scam?

The company doesn’t share any address information as well. Not even in their poorly written terms and conditions. In these cases, we often look at Tier 1 regulatory databases. Such as FCA, BaFin, ASIC, CNMV and CFTC.

With shady brokers like Exprime.com, the outcome is as expected. The company is not listed anywhere as a regulated entity. On the contrary, it’s marked as a scam by the Spanish CNMV. Consequently, FSMA followed their lead and republished the warning.

https://www.fsma.be/en/warnings-illegal-soliciting-savings-public-warnings-foreign-authorities-who-are-members-esma-pol?publication_date[min]=2023-01-01&publication_date[max]=2023-12-31

Who are Exprime clients/victims?

As we can see, the Exprime scam broker doesn’t have any limitations. They are scamming traders from:

• Brazil
• Mexico
• Spain
• Colombia
• United States

With shady adverts and presentations, they are trying hard to get your trust. But with warnings from trusted regulators, their reputation will swoop. Let us hear about your experience with this broker and help you find a way to recover the money.

Traders Reviews

A huge warning sign screaming that it’s a scam is Exprime reviews. If you look only on Trustpilot there are already 11 reviews about the broker.

However, more than 80% of those are negative ones. Mainly from traders in Spain and Germany. Generally speaking, in case you found yourself in similar situations feel free to reach out to us. Our specialized team can assist you in the following steps to recover your money.

https://www.trustpilot.com/review/exprime.com?languages=all

Leverage, Commissions, Spreads, Fees and Taxes

The company trades with customers from highly regulated countries. Yet, their trading conditions don’t match those. The leverage highly exceeds the maximum allowed and goes up to 1:400.

Thus, that’s all you can find out about the trading costs. Simply because the broker didn’t dare to share all their costs like spreads, commissions or fees. On top of that, there is no transparent access to the trading software to check those.

         Bonuses

The company doesn’t reveal any information about bonuses. However, they are not a licensed broker and you can expect anything from them.

Especially after you realize that they don’t share any relevant information. They might be hiding that as well.

Exprime Trading Features

In general, whatever an Exprime scam broker offers is speculative. They don’t back up any of their promotions with funds protection features or regulations. Neither with user-experience reviews.

Just compare it with any other Tier 1 licensed broker and you will see the difference.

         Trading Platforms Available

Another key fact is Exprime trading software. They advertise Meta Trader on the website. However, all the links lead to QBX Technologies.

This is a kind of proprietary trading app that has only 100 downloads in PlayStore. In any case, can’t be compared to industry-leading software like Meta Trader or cTrader. Which has more than 10 million users each.

         Available Trading Assets

Yet another downside of this broker is missing key instrument classes. The company doesn’t offer stocks and indices CFDs. Instead, you can only trade with:

• Forex            USD/EUR, EUR/SEK
• Commodities Gold, crude oil
• Cryptos              BTC, ETH, XRM

         Account Types

With Exprime broker you can only have live and demo accounts. In this case, only a $100 minimum deposit is required. However, the broker is not reliable and even that is too much.

         Demo Account

The demo account is available with Exprime scam broker. Allegedly. But once you want to open the demo account you have to complete a full registration form.

Which is a standard scamming tactic to get your contact details. Afterward, you can forget about the peace because these swindlers will harass you relentlessly.

         Education

Educational programs are standard packages with regulated brokers. However, with Exprime you can’t have even that. Only a few analytical tools are available and that’s it. That tells you how much the broker cares about your development in the trading world.

Exprime Withdrawal

Another key sign of an investment scam is a lack of transparency about funding options. The broker doesn’t share any funding methods. On top of that, there is no information available about processing time or fees.

If the deposit is problematic, what to expect then for withdrawals? Even worse scenarios are because the broker doesn’t have a transparent withdrawal policy. Therefore, they can make up any reason to decline your withdrawal request. The most common excuse is incomplete documentation or non-existent fees. Be aware of those with any shady broker and don’t fall for tricks.

Customer Support

In general, what defines a good broker nowadays is accountability. If you can rely on their professional support every issue is solvable.

However, that’s not the issue with Exprime scam broker. The only contact options are e-mail and a hidden phone number. Even though broker promotes social networks like Facebook, Twitter and Linkedin those don’t exist.

Key Information To Consider About Exprime?

The key thing is to avoid this broker at all costs. They are not regulated and don’t provide any protection for its traders. On top of all, there is a warning from a trusted regulator against them. But if that’s not enough, check their reviews and you will quickly realize why not to trust them.

If you already did, let us know what happened. But also if you had withdrawal issues with any other broker. Our expert team can help guide you through the chargeback process or even assist you to track crypto transfers if needed. Yes, CipherTrace is our magical tool. Book your first consultation with our team already today!

FAQ Section

Is the Exprime Legit?

No. Without a trading license, ownership information transparency and with a warning from the regulator company is not considered legitimate.

How Can I Delete My Account in Exprime?

Once you log in to the account you have the “My accounts” section where you can completely deactivate your account.

What Should I Do If I Have an Exprime Problem?

Primarily you should try to withdraw the money as soon as possible. If you have issues, contact our expert team for assistance in the refund process.

Looking all official and representative, EUFinance broker is nothing but a fraud. They are luring clients to think that they’re dealing with a legitimate EU company, just for them to find out that the broker is unregulated and shady. Read more about it in our EUFinance review.

What About EUFinance Regulation?

While brokers are not legally obliged to list their owners, in the business of finance it’s highly recommended to know who is behind the operation due to transparency reasons. Furthermore, it would be good to list all the company’s regulations, so clients can see where to seek assistance if the problem occurs. 

Unfortunately, being transparent is not on EUFinance’s list of tasks. There’s no owner, but we do have an address in the UK. It implies that the company should hold an FCA license. After throughout check, we can say that EUFinance is not licensed by the FCA or any other Tier1 regulator, and it’s all just a good show.

In addition to the above, we strongly advise you not to invest in IGM Holdings, IdealinvestFX and RedRock500 fraudulent brokers.

EUFinance Warnings From Financial Regulators

The first warning against the EUFinance scam was published in September 2021 by the Spanish regulator CNMV.

This warning was later republished by the Italian CONSOB and FI of Estonia, both stating that EUFinance is a fraud and you should avoid it by all means.

EUFinance Assets and Markets

EUFinance offers access to numerous trading instruments, including:

• Forex assets
• Commodities
• Indices
• Shares
• Cryptocurrencies

Since there’s no Demo account, determining the exact number was impossible. We’re unwilling to invest $250 with an unregulated scheme, so we can only speculate on the diversity. Assets come with the leverage of up to 1:400 and the spread of 2.4 pips for EUR/USD pair. Risky and pricey.

Fund Withdrawal Issues With EUFinance Broker

It was essential for us to check clients’ opinions with everything being said. Some brokers avoid regulations due to costs yet maintain a high level of support and assistance. Unfortunately, EUFinance is not one of them. 

Clients who invested money were pressured to invest more and more under different excuses – good market opportunity, margin support, bonuses, and more. Once they had submitted withdrawal requests, excuses continued until the broker had nothing left but to start freezing accounts. 

If you have noticed recently that you cannot log in to your trading account or access your funds, report it immediately.

Areas Of EUFinance Trading Scam

Based on its name, we can assume that EUFinance targets clients of the EEA zone. Most complaints have come from the Czech Republic, Spain, Austria, and Germany. Besides, you can find reviews from the UK, the Netherlands, and more. 

All you need to know is that you’re not entitled to any compensation fund or assistance by any EU authority body, so accepting offers from EUFinance is a high risk.

Traders About EUFinance Scam

As you can imagine, there are no good opinions about EUFinance. Their website looks extremely professional, yet clients are misguided to believe that they are investing with a legitimate company. Still, in the end, they have nowhere to complain when they cannot get the money back.

If you have been through something similar with EUFinance, let us know.

How Does Online Trading Scam Work?

Online trading scams start once you sign up or have any sort of communication with a fraudulent broker. It can be over the phone, email, social media, etc. The main idea is to give your money, and the person on the other side will make you believe that you’re about to become the next Elon Musk. However, there’s a problem. Unregulated companies are not willing to give away any money. They are here to extort as much as possible and disappear. Make sure to check who you’re starting the business with before it’s too late.

Also remember the names of the Evotrade, Spx Markets and BizzTrade trading scams and avoid them at all costs! Moreover, always check the background of online trading companies before investing!

Scammed by EUFinance? – Tell Us Your Story

 If you were scammed by EUFinance or a similar illicit investment firm, let us know. Our chargeback specialists will be more than happy to assist you with this matter and help you get your money back.

But What Is A Chargeback?

That’s a way for your bank to reverse the fraudulent transaction and retrieve your money from the merchant. Contact us now for further information, and let’s take the first step towards a refund. Note that our consultation is free and can be booked via online chat.

What Is EUFinance?

EUFinance is an online trading firm without a license.

Is EUFinance A Scam Broker?

EUFinance has been blacklisted in Spain, Italy, and Estonia and marked as a scam firm.

Is EUFinance Regulated?

EUFinance is not regulated and provides financial services illegally.

InvestAgrico is one subtle, sophisticated scam company that takes a bit more time to uncover. Yet, since we’re experienced with such, we’ve come across some facts that you can’t deny when dealing with brokers’ false statements. Read our InvestAgrico review to find out more.

InvestAgrico Regulation and Security

InvestAgrico is a brand of AGRICO HOLDINGS LIMITED, established this year. As the website says, the company is registered in the UK with a CySEC regulation. It sounds a bit out of the ordinary but legitimate. Yet, our thorough check showed that the story is not ordinary, but it’s completely fake.

The company is, in fact, unregulated, meaning that your funds are exposed to any sort of scam, as you don’t have a regulatory oversight nor the compensation fund.

Fake Licence And Regulation Documents

While the broker is allegedly based in London, it has a CySEC license number 452/25. Now, it would all be fine if CySEC didn’t have quite a specific way of numerical where the last two numbers represent a year of registration. So, even an untrained eye can catch that it’s impossible to have this number yet.

Of course, checking the CySEC register showed exactly what we suspected – Agrico Holdings Limited is not one of their companies. Since the company is in the UK, we’ve checked the FCA but found nothing here as well.

Beware of such sophisticated frauds and make sure to investigate everything before giving your money away.

In addition, we strongly advise you not to invest in HonorFX, Profit Markets CFD and SelfKings fraudulent brokers. So don’t fall for these dishonest scam brokers!

Fund Withdrawal Issues With InvestAgrico

Unsurprisingly, the entire charade was done with the utmost goal of extorting money. So withdrawals, payouts, or any sort of giving up on the money is not an option for InvestAgrico brokerage. Their account managers are trying hard to persuade clients to delay withdrawals and keep the money within the company.

Moreove, if all the efforts fail, there’s always a good old scam called account suspension. As the company gives only proprietary Web trader, it doesn’t take them long to block anyone’s access and take the funds.

Traders About InvestAgrico Scam

InvestAgrico reviews don’t sound any more optimistic than we do. Traders say they started with an initial deposit of 250 EUR, but most were asked to upgrade to higher accounts. Those who did had a bit longer experience as they were actually trying to make a profit. However, the outcome for everyone was the same – once they submitted a withdrawal request, they never saw their funds again.

If something similar has happened to you, report it immediately. Also remember the names of the AvaChoice, Swissqb247 and Future 500 FX trading scams and avoid them at all costs! Moreover, always check the background of online trading companies before investing!

How Does Online Trading Scam Work?

Frankly, we’re all aware when something sounds too good to be true. But due to a bad financial situation, simple faith in people, or a good story from the other side, we’re ready to believe this might be our chance to succeed. Every online trading scam starts with a good story told via a trading ad. Usually, this ad shows thousands of dollars overnight via trading software, cryptocurrencies, or some other magical tool.

However, once you get involved with such, going out is nearly impossible. You won’t give up on your money, but you’re constantly pressured to invest more to get what you already paid.

If you find yourself in a similar situation, talk to our chargeback specialists before investing any further.

Scammed by InvestAgrico? – Tell Us Your Story

Every story is different, and every fraudulent online broker has a different method. Since the outcome is the same, money loss, we want you to know there is a solution. And that solution is called a chargeback.

But What Is A Chargeback?

This is a way for your bank to reverse the transaction with supporting evidence showing you’re a scam victim. Contact us via online chat to book your free consultation, and let’s get your money back before it’s too late!

What Is InvestAgrico?

Simply put, InvesAgrico is an online trading broker with a fake CySEC license.

Is InvestAgrico A Scam Broker?

Yes, InvestAgrico is a fraudulent firm with a fake CySEC license.

Is InvestAgrico Regulated?

No, broker is not regulated and provides financial services illegally.

If you’re looking for a broker and considering trading with AFX Trade LLC, we must stop you! In this detailed AFX Trade LLC review, we are giving you some insights into this scam company.

Many fraudulent companies tend to hide their corporate details. However, it would be best if you didn’t trust everything they display as valid information because scam companies tend to deceive traders.

AFX Trade claims to be located in the United Kingdom, and this is most likely false information because there is a tiny note that says that the company is registered in the Marshall Islands. This is highly alarming because the Marshall Islands are scam heaven. On top of everything, the firm is also registered in another dangerous offshore zone – Saint Vincent and Grenadines (SVG).

Also, we recommend you not to invest in the fraudulent brokers CoinmasFX, Winvestock and RoboFXTrade.

Is AFX Trade LLC a Licensed Broker?

The brand is owned by AFX Trade LLC, registered in two offshore zones, one with a loose regulator and one without financial supervision. If you become an AFX Trade LLC member, you will probably become a fraud victim. 

Despite false claims, the broker is not regulated in the UK, as it never entered an FCA register.

How Unsafe Is An Unlicensed Broker?

Unlicensed brokers are unsafe because they don’t follow the rules, and clients are always at risk. Every regulated company must keep its funds segregated from clients’ funds. They need to provide negative balance protection, meaning your account will not be in minus even if markets move rapidly against you. 

Every company licensed by the FCA must participate in a guarantee fund that can cover up to £85,000 of a client’s investment if the broker goes bankrupt and misbehaves. 

The Financial Conduct Authority (FCA) Issued A Warning AFX Trade LLC

The Financial Conduct Authority issued a public warning against AFX Trade LLC. The FCA believes that this company is providing financial services without authorization, meaning that your funds are in danger. This is a major red flag, and you should avoid this so-called brokerage by all means.

Traders’ Experiences With AFX Trade LLC

If this information was not enough, let’s check what people write about this broker on the forums:

“Stay away from this company. You’ll never get your money back. I had to file a dispute against them with a cursory inquest before I got a refund.”

– Trustpilot Customer

As you can tell, reviews are negative, giving you all the reasons to stay away from AFX Trade trading scam.

AFX Trade Offers MetaTrader 4 and MetaTrader 5?

The company claims that they offer MT4 and MT5 trading platforms. That is far from true because the installation files are a generic version of the software that’s not configured, and this will not give you a real trading platform. Instead, you will be able to preview charts, but not place any trades.

Red flags are everywhere. Beware!   

Mobile App for Android and IOS

As expected, without the real MetaTrader, there’s no mobile app. Customers can download a generic software, but won’t be able to log in to their accounts. AFX Trade didn’t sync their business with a MetaTrader, meaning that your account details will appear as invalid.

All About AFX Trade LLC Accounts 

The broker offers four accounts types:

• Base – $250
• Gold 
• Platinum
• VIP – $100,000

Minimum Investment Amount

The minimum amount for the deposit is $250, which is quite standard. Yet, knowing that this firm is unlicensed, we advise you to stay away. Numerous legitimate companies have Micro accounts starting with as low as $1. Invest with those and be safe.

AFX Trade LLC Broker – Countries Of Service

The company operates in the following countries:

• UK
• Sweden
• Australia
• Germany
• Netherlands

AFX Trade LLC Range of Trading Instruments & Markets

The AFX Trade LLC broker is offering trading with the following instruments:

• Indices – S&P 500, NASDAQ
• Commodities – Gold, Oil, Gas
• Forex – USD/EUR, EUR/GBP, GBP/USD
• Crypto – XRP, BTC, ETH
• Shares – Amazon, Netflix, Facebook

Despite the wide offer, the firm is still illicit.

Also remember the names of the 44Trades, XE Prime and HubbleBIT trading scams and avoid them at all costs! Moreover, always check the background of online trading companies before investing!

Bonus Program – A Fraudulent Methods

Another reason not to trust this company is their bonus scheme. If you take a look at their terms and conditions, you will see that you need to meet some criteria to withdraw money: 

6.3 In order to withdraw funds from an account that has been credited with a trading bonus, the trader will be required to execute a minimum trading volume of (bonus amount + Deposit) x25.  

But the fact is that you will never be able to reach these numbers because they are insanely high. Thus, bonuses are not into your favor, but against your withdrawals.

What Trading Terms AFX Trade LLC Provide?

AFX Trade LLC is not legit because its conditions are not legal. Above that, the company is offering large spreads. Biggest spread means bigger trading costs. And of course, that’s not something you need.

Leverage

The leverage ratio is yet another proof that the company is not legit. Their VIP package offers leverage of 1:400, which is insane! The FCA limits leverage to 1:30 because higher numbers rapidly increase the risk of losing funds. 

AFX Trade LLC Deposit, Withdrawal Methods, And Fees

The company is not mentioning deposit methods; however, we must warn you to be careful when depositing via crypto. These transactions are virtually not traceable, and they are not refundable as well. 

This is perfect for scamming companies because no one is monitoring when they steal your money, and it’s almost impossible to restore funds. 

The minimum amount for a wire withdrawal is 1000 USD, which is very high, and the company charges between 3.5% and 4.5% withdrawal fees. They also charge when the account is inactive, costing you 90 EUR.

Scammed by AFX Trade LLC Broker? – Let Us Hear Your Story

If this broker scammed you, please let us know. You’re not the first person with this awful experience. Unfortunately, we hear many cases like this! There is still something that you can do, but you must act quickly!

Contact us via online chat to book a free consultation and let’s recover your funds before it’s too late!

What Is AFX Trade LLC?

AFX Trade LLC is an offshore, unlicensed broker that claims to be based in London.

Is AFX Trade LLC a Scam Broker?

Yes, the company is a scam! There is even a public warning against this broker made by the FCA.

Is AFX Trade LLC Available in the United States or the UK?

The company is available in the UK, but it’s not available to US citizens. 

Does AFX Trade LLC Offer a Demo Account?

AFX Trade LLC is not providing a demo account option.

Btyex website has a design we’ve already seen before, with stock images used thousands of times over. Although it may look inviting at first, the main page doesn’t contain the all-important license information. You have to dig deep into the Terms and Conditions to even find out where the company is operating from.

See the remainder of our Btyex review for more information about this investment sham.

Bogus Registration And No License

Although it took some effort, we did find out that Btyex claims to be registered in St. Vincent and the Grenadines. The FSA register does not contain a company with such name, so this claim quickly goes down the drain.

Finding no information about a broker in the databases of FCA, BaFIN, FINMA, New SRO or CySEC is enough to paint Btyex as a fraud. What’s even worse is that the company is blacklisted by FSMA and CONSOB.

Financial regulators in the EEA require, by law, segregated bank accounts, negative balance protection and compensation funds. Leverage is capped at 1:30, and any bonuses are forbidden.

Clients of unlicensed brokerages are left without any of these safeties. Furthermore, illegal firms like Btyex and Coiniwelt use predatory strategies to run off with their clients’ funds.

Where Is This Scam Most Common?

The btyex.co website was launched in 2023. It is mostly oriented toward the demographic of these nations:

• Belgium
• Canada
• Portugal
• Netherlands
• Sweden

Btyex employs review seller networks to leave positive reviews online. The next part is played by the boiler room agents, who don’t stop pestering their mark through the phone for days on end asking for money.

They demand exponentially larger sums of money, claiming incredible deals. When the client tries to withdraw, however, the company locks their account, blocks their phone, and moves on to the next victim.

Fake Reviews Boost Reputation

If you head on to TrustPilot, you will be led to believe that the firm has a solid reputation. This is the work of the aforementioned review seller networks.

Filtering these testimonials to show only 1-star rating will give you the real picture. Dissatisfied clients all complain about Btyex denying their withdrawals.

If you’ve deposited with the Btyex scam, contact our legal professionals via the live chat. We are available 24/7 and our first consultation is free.

Expenses You Can Expect At Btyex

Btyex offers a leverage of 1:100, which is over the legal cap in the EEA. That is the only trading parameter that is clarified – all other trading costs are a complete secret. Dormant account fee is $30, and is charged after 31 days of inactivity. An additional $2,000 fee is applied for reactivating dormant accounts.

The company claims to charge no deposit or withdrawal fees. Their clients, however, complain that Btyex charges hidden fees up front when the clients request a payout, which is against the law.

Problematic Bonus Conditions

While btyex.co doesn’t contain offers for different bonuses, they have a very detailed bonus policy. This bonus policy says that clients need a trading volume of deposit+bonus x25 before they may withdraw. Such insanely high amounts of profit are nearly impossible to achieve.

Lackluster Trading Features

Contrary to the advertisements found on btyex.co, none of their trading features are even mediocre, let alone “ultimate” or “excellent”.

The selection of trading instruments is lower than what you’d find with a regulated brokerage, and their trading platform is nothing special either. There are only live trading accounts, which are quite expensive to fund.

Substandard Trading Platform

Although the client dashboard of Btyex says that the trading server is MT4, this industry standard platform is nowhere to be found. What you get instead is a simple Web Trader, and no mobile app support.

This platform is plagued not only by obsolescence, but also poor execution speed and security. It’s favored by frauds like Btyex and EuroPrime because of how easy it is to manipulate.

Trading Instrument Choices

The trading instrument selection at Btyex is diverse, but it still lags behind the industry average. The selection includes the trader favorites, and some other less popular assets.

Here is a brief outline of asset categories:

• Forex (EUR/USD, AUD/NZD, GBP/CHF, USD/JPY)
• Cryptocurrencies (Bitcoin, Ethereum, Ripple, Cardano, DogeCoin)
• Shares (Adidas, Hyundai, Microsoft, Airbus)
• Indices (Dow Jones, WIX, US100, JP225)

Live Trading With No Demo

Btyex tries to introduce tiered account types to try and make an illusion of diversity. The accounts in question don’t make much of a difference, and there is no demo.

The initial deposit amounts aren’t cheap:

• Basic – $5,000
• Advanced – $25,000
• Advanced Plus – $125,000
• Advanced Pro – $250,000
• Expert – $500,000
• VIP – $1,000,000

Excuses To Deny Withdrawal

Besides the bonus policy, there are additional hurdles when it comes to Btyex withdrawal. For instance, clients can’t withdraw a sum lower than $100 by bank card, or $1,000 by bank wire.

Not that this matters, since the only withdrawal method available is the cryptocurrency transfer, which is untraceable. For help with Btyex withdrawal, contact our chargeback expert.

Btyex Customer Support

We couldn’t reach the Btyex customer service, since the only available options are to request a callback, or send an email. People who need urgent assistance with their issues are left hanging.

Knowing how these con artists operate, the alleged customer support centers are most likely the same boiler room agents that push additional Btyex investments.

How Can I Get My Money Back From These Frauds?

Btyex is an unregulated and unlicensed bogus broker, and a danger to unwary traders and investors. The firm employs pushy boiler room agents to pester people by phone to invest money with the platform. When the clients decide it’s time for a withdrawal, these swindlers ask for more money up front.

If you have any money deposited with the Btyex con scheme, consider starting legal action to recover your funds. Our chargeback experts are on hand 24/7, and we have ample experience with tricksters just like these.

FAQ Section

What is Btyex?

Btyex is a recently launched forex brokerage fraud. The firm is operating with no supervision from financial regulators.

Is Btyex Trustworthy?

No, Btyex has been blacklisted for predatory activity by at least two financial regulators from Europe. For help with asset recovery, use our live chat to contact our legal experts.

What Are The Trading Instruments Of Btyex?

Btyex allegedly offers trading forex, cryptocurrencies, shares and indices.

Company with a previously rock-solid legal backing has lost some of its credibility after what seems to be a change in corporate priorities. This former CySEC regulated entity is now operating solely on an offshore license.

Does this mean that the company board is trying to direct the firm into some less legal waters, and are trying to use underhanded methods to improve their profits? Find out in our Axiance review.

To add to the foregoing, we strongly advise you to ignore brokers such as Proforbex, Gamma Capitals, and Martyn Services.

Is Axiance a Regulated Broker or Offshore?

Long story short, Axiance is both a regulated and an offshore broker. The main company was registered in Cyprus in 2016 and holds a CySEC license. It means that EU clients are entitled to ICF – compensation fund covering up to 20,000 EUR if a company goes bankrupt or any other issue arises. In addition, there’s negative balance protection; the company keeps customers’ funds in segregated accounts, etc. 

However, the brokerage has two offshore entities under Aerarium Limited, registered in Seychelles and Mauritius. While these islands have regulators, FSA and FSC provide loose protection. There are no compensation funds, negative balance protection is not guaranteed, and other risk management tools, such as leverage limits, do not apply. 

On top, the UK FCA ordered EverFX (the previous name of Axiance broker) to stop offering services to UK residents. Maybe this was the reason for rebranding and name change?

Since the company has a discretionary right to assign customers to any entity, we consider opening an account with Axiance a risk. 

Corporate Interests Lead To Regulatory Downgrade

A recent shift in the corporate climate may have just spelled doom for the Axiance broker. Previously owned by twin parent companies, the firm was recently fully acquired by the one entity based in an offshore nation.

With ICC Intercertus Capital Ltd backing out of the deal, Axiance regulation was left without their CySEC license, and an EU cross-border business passport. This, however, does not mean that the brokerage has become a completely illicit entity.

It is currently fully owned by Aerarium Limited, based out of Seychelles. However, this does imply that the new owners take less interest in the quality of their regulatory framework, judging from the fact that the broker currently only has an FSA license.

What Do Traders Think Of Axiance?

The majority of Axiance reviews show positive experiences with this trading firm. However, the negative reviews refer to offshore entities and the issues clients have faced with them. Since there’s no way for them to seek assistance from the FSA or FSC, these customers have nothing left but to try to get their funds back by dragging attention by writing reviews.

If you experience any issues with the firm, ensure to report them immediately.

Is Axiance a Trustable Broker?

Axiance is a Forex and CFD trading provider registered in Cyprus and licensed by CySEC. In addition, the firm has two offshore entities, regulated and registered in Seychelles and Mauritius.

Treading a Dangerous Path

The problems created by the shift in the ownership structure seem to have reflected on the business ethics of this once renowned broker as well. Soon, the Canadian ASC issued a public warning following a regulatory breach.

IOSCO, an independent financial conduct watchdog, reposted this warning in an attempt to raise public awareness. This certainly points out that the company does not hold up to the earlier quality of service standards, despite the overall Axiance reviews in popular media.

Axiance Offers MetaTrader4 and MetaTrader5 – Available Trade Software

One great thing about Axiance broker is certainly what their trading platform offers. Customers can choose between MT4 and its successor, MT5. Both software have terrific features, support social trading and automated trading, and enable the application of any trading strategy. The interface is fully customizable, and one can really enjoy their trading experience with MetaTrader.

Regardless of the platform, there are still concerns regarding Axiance and its offshore entities.

Trading Platforms For Mobile

Both MetaTrader platforms come with a dedicated mobile app for Android and iOS. This is a great feature, as you can check your trades on the go. The link to download both versions can be found on the broker’s website. 

Axiance Accounts Overview

Axiance offers a rather poor choice, with only 3 account types.

1. Standard – $100, spread 1.2 pips, bonus up to 30%
2. Premium – $5,000, spread from 0.8 pips, bonus up to 50%
3. VIP – $30,000, spread from 0 pips, bonus up to 100%

While bonuses are banned in the EU and other jurisdictions, Axiance offers them. We’re unsure whether it’s only for an offshore entity or both, but you should suspect any incentives as they never come free.

However, remember the names of the HubbleBIT, Fx24trade, and CryptoHold and stay away from them! Before investing, always check the history of online trading organizations!

Can I Try to Trade With a Demo Account?

Axiance Demo account is enabled for all who want to test the broker system. However, there’s a slight issue. You need to speak to broker employees to get access to a Demo account. They will most likely work on persuading you to invest instead, which is never a good option.

Axiance Broker – Countries Of Service

The broker is mainly present in:

• UK
• Spain
• Germany

As we have already explained, the company has been ordered to stop operating in the UK, so this raises a red flag.

Axiance Range of Trading Markets

Customers can choose between a wide range of trading instruments, including:

• Forex – EUR/USD, AUD/CAD, GBP/CHF
• Commodities – natural gas, oil, gold
• Indices – AUS200, DAX30, CAC40
• Shares – Amazon, Tesla, Alibaba
• Cryptocurrencies – ADA, MATIC, SOL
• Futures – Dow Jones, NASDAQ, US30

What Trading Terms Does Axiance Offer?

Here we come to the main issue in regards to entities. Trading terms differ based on the fact whether you’re registered with a CySEC-regulated part of the company or an offshore one. The leverage is significantly higher with the offshore entity, making your trading risky. Here’s what you can get.

About Leverage, Spread, and Swaps

The spread starts at 1.2 pips for the Standard account and can be considered quite solid. The swap starts from $0.6 per lot. Besides, the leverage goes up to 1:500 for offshore entities and 1:30 for Cyprus-based. It means that those assigned to an offshore branch have no risk management or any kind of protection.

Axiance Funding and Withdrawal Methods

Axiance’s minimum deposit is $100, which is quite solid. Also, the minimum withdrawal amount is $50, and withdrawals are fee-free. According to the T&C, processing the request takes one business day. However, we were the most shocked by the clause in the Costs&Charges Policy. According to it, the company has the right to charge a $150 investigation fee if a customer requests a chargeback. We’re sure this is far from legitimate in any jurisdiction.

Methods of Payment

The only accepted payment method is credit/debit cards. Customers can deposit a maximum of $30,000 per transaction, and the same amount stands for withdrawals. 

For a regulated broker, this is a relatively poor choice. Typically, licensed companies ensure they offer a wide range of methods, including wire transfer, PayPal, Skrill, and Neteller.

What Should I Do If I Lose Money With Axiance Broker?

You can contact our chargeback specialists if you lose funds due to issues with Axiance broker. They will be happy to look into your case and determine whether you can file a dispute. Book your free consultation today to ensure the best service.

But What Is A Chargeback?

This is a way for your bank to recover the funds directly from the merchant. To do so, you need to provide sufficient evidence. Contact us via online chat, and let’s start the process.

What Is Axiance?

Axiance is an online trading brokerage regulated by CySEC, with offshore entities in Seychelles and Mauritius.

Is Axiance a Scam Broker?

Axiance is a CySEC-regulated trading firm, but with two entities based offshore.

Is Axiance Available in the United States or the UK?

The company provides services in the UK despite the FCA ban but doesn’t operate in the US.

Does Axiance Offer a Demo Account?

Yes, Axiance offers a risk-free Demo account to its traders.

4xex company claims to be a Bitcoin-based trading platform. With headquarters in St. Vincent and Grenadines, there is not much promising about the broker. Primarily because they are registered in 2022.

Also, the company offers a fixed interest rate of 7.6% to attract conservative traders. Yet, there is no protection whatsoever from the company’s side.

Legal info: Is 4xex legit?

In general, only Tier 1 licensed brokers are considered trusted and legit. Even some offshore licensing is not enough for maximum protection. Since Financial Services Authority (SVG) doesn’t issue licenses for FX and CFD trading companies, we have to look elsewhere. Those are mainly Tier 1 databases. Such as FCA, BaFin, ASIC and CFTC.

Sadly, none of these registers have records of the 4xex.com broker having a license. Therefore, all their fake promises and protection fall down the drain.

Who are 4xex clients?

4xex site is quite attractive and it’s not surprising they attract a lot of traders. However, many of those registered since 2022 are coming from: 

• United Kingdom
• Bulgaria
• Australia

Thus, 4xex trading is not safe enough for experienced traders and it’s just a matter of time before they are exposed by regulators. Meanwhile, if you have any issues with this scam broker, contact our professional team to start the refund process.

Traders Reviews

The worst nightmare of any broker is negative reviews. That can easily diminish your reputation. In this case, the company has 51 comments on the Trustpilot platform. However, more than 10% of those are with a negative rating.

Thus, the point is the same. 4xex scam broker is manipulating the platform, traders and doesn’t allow withdrawals. If you had similar experiences feel free to share them with other traders and contact us for advice on the next steps.

Leverage, Commissions, Spreads, Fees and Taxes

Considering the countries where they operate, the company provides inadequate trading conditions. Starting with leverage of up to 1:400 while European and Australian regulators allow a maximum of 1:30.

Throughout their account types, there is no precise information available about spreads, swaps or other commissions. In general, something like this is expected from offshore scam broker like 4xex.

4xex Trading Features

All the trading features with 4xex scam broker are fictive. Starting with their trading platform. Even the proprietary platform doesn’t have a dedicated mobile app.

Thus, the company proudly advertises it. Also, account types promote access to the MT5 trading platform. Even if that’s the case, the company is not regulated. Don’t miss out on our MaxProInvest and Neo Omatic reviews for full clarity about the trading features and offers.

         Is 4xex legit?

No. 4xex trading company is heavily misleading their traders. Primarily, they are not licensed anywhere and they provide shady trading software without mobile apps. Also, many negative reviews are pointing out the issues with this broker.

         Available Trading Assets

If the company is not trusted, all tradeable assets are irrelevant. In this case, the company promotes access to more than 16.000 options. More than enough for manipulation. Anyway, your options are:

• Currency pairs   (USD/JPY, AUD/HKD)
• Commodities (natural gas, gold)
• Indices          (JPY225, FRA40)
• Cryptos        (BTC, LTC, DOT)

         Account Types

4xex broker offers 5 different account types. Those are:

• Basecamp
• Mountaineer
• Climber
• Ascent
• Summit

The only relevant benefits are coming from swap discounts and custom spreads. All the other advertised benefits are fake management options that the broker proudly offers.

         Mobile Trading App

The mobile trading app is obviously not available. Whether you are looking for iOS or Android app. As a huge downside, the company promotes on the website such apps. Thus, there is no download option either in AppStore or PlayStore.

         Demo Account

Another key point is missing the demo account. Even though you can get insight into their poor web trader, you can’t trade with virtual funds. But already at first glance, you realize why they can’t compete with Meta Trader or cTrader.

         Education

On the positive side, the company offers a variety of educational packages. Startign with online trading courses, personal courses and educational courses. Still, the company is not licensed to provide any trading services therefore such education is worthless.

4xex Withdrawal

4xex withdrawal procedures are a mystery by itself. Firstly, many traders already reported issues with it. Secondly, why traders in 4xex Trustpilot reviews reported issues in the first place are funding methods. The company is not Bitcoin-based without a reason. Such transactions are irreversible and hardly traceable.

According to the company they put all effort to process withdrawals within 5 business days. However, the processing fees remain unknown and open for manipulation.

Customer Support

The working hours of 4xex scam broker are not revealed. But definitely, they will be there for you when you want to deposit the funds. Anyway, few contact options are e-mail, WhatsApp and the UK, most likely VOIP, phone line.

Key Information To Consider About 4xex?

The key to safety in the trading world is regulation. The 4xex broker is missing it. Also, they are not fully transparent about trading conditions or trading software. This makes them very suspicious and eligible for avoidance. Instead, you can find a trusted Tier 1 licensed broker and avoid any headaches.

But if you already did make a mistake and sent them crypto, don’t worry. Our specialized team can track it with CipherTrace and help you with the refund process. Book your first consultation now! It’s free of charge and without any obligations!

FAQ Section

Is 4xex Regulated?

No. The 4xex broker doesn’t have any trusted regulations like FCA, BaFin or ASIC. But also they don’t have any other.

What Are The 4xex Platforms?

The company offers proprietary web-based software. Thus, for higher deposits, they claim to offer MT5. Which is most likely another scamming tactic to attract traders.

Is It Safe To Trade With 4xex?

No. Without any protection and regulations, your funds are not safe with a 4xex broker. But if you want to recover the funds book a meeting with our expert team.

Now, we did our MagKing review and we stayed completely surprised. One broker with 12 different domains. What else can we say? Clearly, the broker’s regulation does not exist. Yet, we did a review of all those websites to see what they have in common and what are the differences. Read our MagKing review and find out everything.

Regulation and Security

MagKing is a broker owned by MagKing Ltd, allegedly based in Hong Kong. The broker has no regulations whatsoever, despite false claims that it’s CFTC regulated and supervised by FinCEN and Fintrac. Those are just financial supervisors that cannot issue any kind of license or regulation. As a matter of fact, even this alleged supervision is suspicious since you cannot read any documents the broker published. The broker added to its website big names such as Canadian FATF, Asia Pacific Anti-Money Laundering Group, and Caribbean FATF. All these bodies are in charge of money laundering and preventing financial crimes. However, none of these is regulating trading companies or giving them permission to operate.

Beware of MagKing scam.

MagKing Scam – 12 different domains

As we mentioned at the very beginning of our article, the broker has 12 different domains. Most of them are completely the same, only the website’s design is a little bit different. Here is the list of all the domains: magkingforex.com; 585680.com; magking.com; magkingfx.com; mk-forex.com; mqiong.com; zcforex.com; sunacmk.com; forex29.com; forex80.com; gfcimk.com; forex48.com. If you have been scammed and your account is on any of these websites, the company in charge is MagKing.

We’ve reviewed a couple of these domains to see if there are any differences between broker’s offers on different websites.

Forex48.com – for example, when it comes to the Forex48.com domain, besides the US and Canadian supervisors, the broker listed a false regulation from Saint Vincent and the Grenadines. When it comes to a trading offer, here you can trade only currency pairs and commodities, unlike the main website where the offer includes indices and shares as well. We previously wrote that Forex48 broker is a scammer in our review.

zcforex.com – one of the weirdest domains we came across. Here, the trading offer includes the Forex market, commodities, and shares. Allegedly, the broker won the Award as Australian best broker of 2020. And besides the Fintrac, this entity has a regulation of the UK FCA and Vanuatu VFSC. It seems that all these false regulations never end.

mqiong.com – Yet another pointless domain. According to this website, the company has the same regulations as the original company, but it has offices in the UK and Australia. Only commodities and currency pairs are available for trading.

What is common for all of the accounts, the minimum deposit for the Micro account is $5.

Warnings From Financial Regulators

Since MagKing is operating illegally, we were not surprised to see many security warnings against this brokerage.

The company has been blacklisted by the UK FCA, stating that there were many complaints about the broker and many people experienced withdrawal issues.

Besides the FCA, the same warning came from the Italian CONSOB. The CONSOB is warning Italians not to open an account with MagKing and if they already did, to report a scam immediately.

Scammed by MagKing?

If you were misled or scammed by MagKing, you need to know you are not the only one. Since the broker has 12 different domains, imagine how many people fell for their scam. Since you are not the only victim of the MagKing scam, there are a couple of things you can do to get your money back. You need to file a dispute and request a chargeback.

But what is a chargeback? It’s a way of refunding your card in case you were a victim of an online scam. You have up to 540 days to submit documents and get your money back.

Contact our support via chat and get all the information about the chargeback procedure.

What is MagKing broker?

MagKing is an online trading brokerage blacklisted in Italy and the UK.

Is MagKing a scam?

MagKing is an unregulated broker placed on the blacklist of several regulatory bodies.

Is MagKing regulated?

No. Despite many false claims on all of the websites, a broker is not regulated by any regulatory body.

This company is trying to be everything at the same time. Forex, cryptos, investment plans, trading signals, copy trading experts, you name it, they got it… Or so they would want you to believe.

In reality, the entire scheme is so rotten it’s been blacklisted by several regulatory authorities. Read the remainder of our XM Signals review to learn how you can recover funds from online fraud.

Presenting Forged Company Info

It remains unclear where this firm operates from, since they do not reveal the exact company address. However, we did find several other locations mentioned, but none belong to this entity. The SVGFSA registration number mentioned on the site actually belongs to HF Markets (SV) Ltd.

Furthermore, there are two more locations listed on the site, but XM Signals SA is not regulated by FSCA, and neither is XM-Signals (Seychelles) Ltd by FSA. It’s questionable whether this business even exists outside of the Internet.

Warnings From Authorities

The final and most solid evidence of this company running an unscrupulous investment scheme is the fact that they’ve already been blacklisted. This Forex dealer is apparently notorious with several financial watchdogs, considering that FCA has blacklisted them, along with IOSCO, FMA and AFM.

Untrustworthy and prone to fraud, this platform does not offer segregated bank accounts, compensation options, or access to the financial ombudsman.

Lying About Company Age

The company claims to have been in service since 2009. That’s another lie, considering that their website didn’t exist prior to July 2024.

Many of the scam victims live in these areas:

• United Kingdom
• India
• Azerbaijan
• United States

So far, there haven’t been any notable XM Signals reviews online.

Fraudsters Caught In The Act

Dangerous online organizations like an XM Signals trading scam or PrimesGain very often operate as a fraud call center called a boiler room. Its employees, boiler room agents, constantly dial random people looking for the next victim. They introduce themselves as account managers and pitch a get-rich-quick scheme. They allegedly have great insight into how the market shifts and can help you make gigantic profits in a short time span.

Unfortunately, trading platforms, quick profits, and instant withdrawals are all lies intended to keep the victim spending. If you’ve invested with any such shady firm, contact our recovery experts using the live chat.

Convoluted Situation With Accounts

The fraudsters are trying to pose as a broker, investment firm, payment institution, crypto exchange, and credit union simultaneously. An XM Signals account can be “upgraded” through several service packages, ranging from copy trading and trading signals to investment plans.

Signal names are completely bonkers, and the costs are even more so:

• Breakout – $350
• Buying Oversold – $500
• Trend – $10,000
• BTC Miner S9 Data Circuit – $19,500
• AntMiner-S7-4.8THs-1250w – $20,000
• S9 Mining Hardware ASIC Hash – $25,000
• Bitfury-B8-Bitcoin-50-THS – $30,000

Investment plans promise the usual unrealistic profits:

• Beginner – $1,000; 1.5% daily ROI for 60 days
• Standard – $100; 6.5% daily ROI for 365 days
• Business – $100,000; 3.1% daily ROI for 60 days
• Basic – $13,000; 25% daily ROI for 5 days

Unsatisfactory Trading Platform

In all honesty, the trading software on offer can barely be called that. It’s a web-based application that runs directly from the client dashboard.

This WebTrader uses a ticker from CoinGecko and a chart from TradingView. It features buy and sell orders, with an option to choose an asset and leverage. That’s it, no trailing orders, no stop loss, no limits, nothing.

Trading Terms – Leverage and Fees

We only learned about the 1:100 leverage after XM Signals login details were added to the trading platform. The website does not mention it or discuss trading costs. For any broker, the main sources of income are commissions, spreads, swaps, and fees. A company that never discloses this information is not only manipulating its customers but also breaking the law.

This doesn’t bother cheaters like this one or PS Wealth Pro, of course. They intentionally omit any costs so they can invent them at their leisure.

Withdrawal Conditions

In order to become eligible for a payout, the client has to perform at least 2 trades prior to submitting a withdrawal request. The only methods accepted for making deposits are BTC and USDT. 

Swindlers typically only allow crypto transactions in order to remain incognito. At the same time, these transfers are risky and may cost you your entire fortune. That’s why we always remind our readers to only send and receive cash via transparent methods like credit cards.

Other payout conditions are not discussed on the site or in legal documentation.

Useless Contact Details

At first, it may seem like this company’s staff cares about customers and knows what they’re doing. At least when you see that there are several ways available to reach out to the support office:

• Email
• Phone
• Online form
• Live chat

When we tried testing the live chat feature, no one responded to our inquiries. The chat window never moved, although it said that support agents were online and available. 

This is most likely what happens to the support tickets they receive via any other channel, as well.

Conclusion

It is obvious that the XM Signals scam is not able to provide a solid user experience and a chance for anyone to earn. Despite their alluring promises and seemingly profitable offers, they’re nothing but a bunch of financial swindlers, ready to pounce on your wallet.

Even if you’ve already invested here, starting chargeback and getting your money back is still not out of the question. If you contact our chat agents, they can book your free consultation with our recovery professionals.

FAQ

Who Owns XM Signals?

The owner of this shady entity is not known – the website lists only fake addresses, and the business is not licensed by any financial institution.

Can I Still Get My Money Back?

With the advice and guidance from our recovery specialists, you still have a chance to retrieve stolen assets. Contact us via live chat for more details.

With AvaChoice, the first thing you see is yet another sad attempt to make a pun and show clients that they “did make the right choice.” However, we would never say it’s right nor the choice that should be made. Read our AvaChoice review, and let’s find out what’s wrong with this brokerage.

AvaChoice Regulations and Security

AvaChoice is a brand owned by Vegatek Green Trade Kft, registered in Hungary. As a broker based in the EU, it should be regulated by one of the Tier1 license providers. Logically, we’ve checked the HFSA register first but found no regulation. Therefore, we’ve checked FCA, BaFin, FINMA, and more. After all, we can indeed say that AvaChoice is an unregulated entity not worth your time or money.

So, if you are one of those unlucky people who are already involved with this fraudulent firm, all you can do is file a dispute and request a chargeback.

Fund Withdrawal Issues With AvaChoice

Since we’re talking about unregulated firms, no wonder AvaChoice reviews are frequently mentioning withdrawal issues. According to clients, withdrawal requests are never being processed, while many cannot even access their trading accounts anymore. Shortly after they requested payout, they noticed that their accounts were having login issues. Once they contacted the account manager and reported the problem, they got no answer.

Basically, it seems like a technique AvaChoice brokerage uses to prevent clients from withdrawing funds or even accessing them.

If you experience something similar, file a complaint immediately. Also, we recommend staying away from scammers, such as EuroFX, CFreserve or CCG Trade, because you will not be able to withdraw funds!

Traders About AvaChoice Scam

Reading AvaChoice reviews, we’ve come across some shocking information. The broker asks clients to pay all the “taxes and fees” necessary for withdrawal upfront, just for the payout not to be processed. No matter how hard you try or how much money you pay to the company under the name of withdrawal costs, you will never see a penny back.

Please, beware of fraud and never pay any money before you’re sure you will be paid out!

How To Know If You Have Been Scammed Online?

Having withdrawal issues is the culmination of a scam. However, there are many things prior to that you should pay attention to. If your account manager is pressuring you to invest more without showing any results, or if the results are too good to be true, you should think well about what’s going on. Besides, AvaChoice allows deposits using debit/credit cards or Bitcoin.

Beware that Bitcoin transactions are hard to follow and try to avoid since you may have no chance of getting your money back. Using your credit card is safer since you can always file a dispute and request a chargeback up to 540 days after the fraudulent transaction occurred. 

Scammed by AvaChoice? – Tell Us Your Story

If you were scammed by AvaChoice or any other scam brokerage, let us know. We will connect you to chargeback specialists who will guide you on how to collect sufficient evidence and file a successful dispute.

But What Is A Chargeback?

This is a way for your bank to reverse the transaction in case of a scam. For further details, contact us via online chat, book your free consultation, and let’s get your money back!

What Is AvaChoice?

AvaChoice is a fraudulent online trading brokerage from Hungary.

Is AvaChoice A Scam Broker?

Yes, AvaChoice is accused of being a scam by many investors who can’t withdraw their funds.

Is AvaChoice Regulated?

No, AvaChoice is based in Hungary and has no regulations for providing financial services.