Cuarto Capital might be new to the market, but its owner surely isn’t. It’s one of the offshore swindlers we’ve met before, banned all across the globe.

Let’s dive into this Cuarto Capital review and find out more. Be prepared to learn disturbing facts about the brokerage.

Is Cuarto Capital an Illegal Trading Fraud?

Cuarto Capital is owned by Nexus LLC, registered in 2021 in Saint Vincent and the Grenadines. However, SVG has no official regulator in charge of the Forex market. In fact, it’s instructing brokers to get a license in the country of service before even registering.

Since we already know Nexus LLC and its other scheme brands, including InvestPoint and BitFargo, we weren’t surprised to learn that Cuarto Capital has no regulations either. The brand operates illegally, just like those before it.

The company is soliciting EEA investors without complying with ESMA and is offering leverage of up to 1:300. Such leverage can put your capital at risk and cause you to lose 300 times quicker. And when it happens, you won’t be able to request assistance from the Financial Ombudsman or compensation from regulators.

Regulatory Warning Against Cuarto Capital Broker

In May 2023, the Spanish regulator, CNMV, officially banned Cuarto Capital. According to their warning, the brand is not authorized to offer financial services, including advising and Forex trading.

Knowing all the other warnings that the owner received, including those from German BaFin and Canadian CSA, it’s clear that you should stay away. Both the new brand and the old owner are a fraud.

Where Does the Broker Operate? – Countries Of Service

Cuarto Capital registered its domain in March 2023. It’s already widespread, lurking for clients in the following countries:

• Spain,
• Chile,
• UK,
• Sweden,
• Mexico.

The main regulator, from Spain, has already issued a ban. We expect others to follow, and your story can be the one to change the game and punish the fraudster.

Cuarto Capital Software Comparison

Cuarto Capital only offers basic WebTrader. Of course, the broker promises cutting-edge technology, a user-friendly interface, ultra-fast order execution, and more. In reality, you will get simple browser-based software whose only perk is the fact that it doesn’t require installation.

Comparatively, it cannot come near what you’d get with sophisticated terminals such as MT4, MT5, or cTrader. Each of these would allow you access to advanced functionalities, such as social trading, trading bots, and much more.

Of course, MetaTrader comes with a mobile app, unlike Cuarto Capital WebTrader.

What Assets Can I Trade?

You can trade in all five major markets, including:

• Forex pairs – EUR/USD, USD/JPY, EUR/HKD
• Commodities – gold, silver, natural gas
• Indices – AU200, NASDAQ, FTSE100
• Shares – Walmart, Netflix, Meta
• Cryptocurrencies – BTC, ETH, USDT

In addition, you can trade futures in commodities and shares. However, note that the broker is unlicensed and doesn’t disclose spreads, swaps, or other trading commissions.

Account Options Offered by Cuarto Capital

There are six different account types, all having different minimum deposit requirements. These are:

• Starting – $250
• Bronze – $5,000
• Silver – $15,000
• Gold – $25,000
• Platinum – $100,000
• ECN – $500,000

Only from the Gold account will you be able to access all trading assets. With the Silver one, you get lower spreads and a percentage on your initial deposit. Finally, only the last two types allegedly include personal meetings, which we’re not inclined to believe.

Can I Trade For Free?

Just like its counterparts from offshore, Cuarto Capital doesn’t enable a Demo account. Instead, you must pay the money before gaining access to any features. As you can already understand, it’s quite unfavorable because your money will already be trapped by the time you realize you have nothing offered.

Deposit and Withdrawal Methods

The brokerage didn’t explicitly mention available payment methods for a deposit or withdrawal. While we know the minimum deposit is $250, the minimum withdrawal sum remains unknown.

The T&C doesn’t elaborate much on the topic, making us question whether getting a payout is possible. Usually, scammers hide the payment options when the only one they have is a crypto transfer. Note that crypto is not subject to a chargeback, and you might have difficulties recovering your funds.

Using your credit card when transferring funds to an unverified merchant is always advisable. Then, you have up to 540 days to request a chargeback.

Bonus Clauses

Another concerning thing is a bonus clause. The company requires you to trade the total bonus amount divided by 5 in lots before being eligible for a payout.

Requests like this one are the main reason why regulators prohibit incentives. They’re trying to prevent illicit brokers from abusing their clients. However, Cuarto Capital doesn’t care much about regulatory demands.

I Was a Victim of the Cuarto Capital Scam, What Can I Do?

 Let us know if you find yourself scammed by Cuarto Capital or any similar brokerage firm. Our chargeback experts will gladly assist you with the matter. We’ll thoroughly evaluate cases and check whether you’re eligible for a refund.

If you deposited via a crypto wallet, our CipherTrace analysts could help by tracing your funds to a final wallet and helping you collect legal evidence for the dispute. Don’t give up. Book a free consultation now!

What Is Cuarto Capital?

Cuarto Capital is an unregulated Forex and CFD trading brokerage to avoid.

Does Cuarto Capital Offer a Demo Account?

Cuarto Capital doesn’t offer its customers a risk-free Demo account.

What is Cuarto Capital’s Minimum Deposit?

The brokerage requires a minimum of $250 from its clients.

CapXM broker claims to be registered in St. Vincent and Grenadines under the name CapXM LLC. Also,  the company claims to be a part of the CXM Global group of companies. Yet, there are a few discrepancies about it.

To find out what we are talking about read this CapXM review carefully. Otherwise, you just might get into their trap, which you obviously don’t want.

Legal Info: Is CapXM Legit Or A Scam?

CapXM broker doesn’t say at any point that they are regulated. Instead, they mention the CXM Global group of companies and their license with FSC Mauritius. Indeed, that license is valid. But there’s a catch. Neither the FSC register nor the CXM Global website mentioned CapXM broker. Therefore, they might be just stealing someone’s information.

However, even if the CapXM is licensed by FSC that’s quite a weak option. Instead, they should opt for Tier 1 regulations like FCA, BaFin or ASIC. But they don’t have any of those.

Who Are CapXM’s Clients?

According to the who.is, CapXM operates since 2015. Also, their so-called Group of companies was registered in 2020. Nevertheless, CapXM mainly targets traders from strictly regulated countries like: 

• United States
• United Kingdom
• Mexico
• India

Let us know what’s your experience with this broker and residence country. But also you can contact our refund team for a free consultation if you can’t get your money back.

Investment Costs With CapXM

Important to realize is that the CapXM broker doesn’t reveal any trading costs. Not even a leverage. Don’t you think that’s bizarre considering their statements about regulation? 

What they also did was prevent CapXM manual registration. Therefore, you can’t create an account and check the costs yourself.

Bonuses

For now, the company doesn’t mention any bonuses transparently. But don’t be shocked if you get similar offers while trading. Because they are not regulated and can offer you anything they want.

CapXM Trading Features

Practically, the company doesn’t reveal any trading-related information. Yet, they expect you to trust them with your money. There’s not even available CapXM app. Ultimately, the conclusion is that they are just luring new clients through fake adverts or social networks. Since you don’t have a sign up option on their website.

Is CapXM Legit?

Considering their mysterious approach, then no. Also, there is a suspicious regulatory status. Therefore, everything that the broker claims is questionable. Another great shady broker example you can find in our FXFair review.

Available Trading Assets

As for the trading assets, nothing can be confirmed. However, the broker claims to offer all 5 major classes. Those are:

• Forex – USD/JPY, AUD/HKD
• Indices – DowJones, S&P500
• Shares – Tesla, Netflix
• Commodities – gold, natural gas
• Cryptos – BTC, XRM

Account Types

CapXM price to start investing with them remains also unknown. Practically the company doesn’t have any account type separation. Neither do they reveal the minimum deposit requirement. But in our LQDFX review, you can see why it’s important to understand account offers.

Mobile Trading App

In fact, the company doesn’t reveal any details about the trading software. Not to mention the mobile app. But with their suspicious approach, it’s hard to believe that they have it. Obviously, CapXM strategy is to play on the surprise and pressure.

Demo Account

Same as anything else about this broker, demo account details are not disclosed. But can we really expect this broker to offer anything transparently? No. Whether they have weak offshore regulation or no regulation at all, it’s all the same.

Education

Another missing thing about this broker is the educational package. They don’t have not even a blog about basic trading strategies or principles. Not to mention something more advanced such as live trading sessions. In any case, for such options, you should rather stick with Tier 1 regulated brokers.

CapXM Withdrawal

Since the company doesn’t have a transparent withdrawal policy, this section remains a complete mystery. CapXM broker doesn’t reveal either withdrawal fees, processing time or methods. Therefore, the field is prepared for manipulations.

Also, keep in mind that brokers have a wide range of tricks to prolong the withdrawal process. Some of those are AML laws and verification issues, non-existent fees and taxes.  

Customer Support

With their anonymous approach, we hardly believe there’s much use of CapXM stocks broker support. They offer a UK phone line, most likely VOIP. But also an e-mail address. Thus, without any publicly available reviews, it’s hard to determine if it’s reliable or not.

Key Information To Consider About CapXM?

In the first place, it’s an offshore broker with shady regulatory status. After all, everything that they offer is completely mystified. Especially with non-transparent trading conditions and withdrawal features. Not to mention the non-existent client’s funds protection measures.

Therefore, you should choose a more transparent broker before you lose everything. But if you already have withdrawal problems with this broker, don’t hesitate to contact our refund team. The first consultation doesn’t cost you anything and doesn’t make you obliged to follow the advice. Get in touch today!

FAQ Section

What is CapXM?

CapXM is an offshore broker with a suspicious regulatory status and non-transparent trading offer.

Is CapXM Legit or Scam?

CapXM seems like a scam broker because they don’t have any direct connections to a regulated entity. Also, their trading conditions and withdrawals are mysterious.

What Are The Fees and Pricing of CapXM?

The company doesn’t reveal any. That’s why you can expect withdrawal issues and in such cases, you can contact our refund team for advice.

Self-proclaimed “world’s top running FX and CFD provider” we’re discussing today is actually a poor attempt at a credible presentation of a trustworthy broker. Being actually nothing more than an offshore sham based in Samoa, this platform has nothing of value to offer to its potential clients. 

It is recommended to first read this Discovery Forex review before making any business decisions that you might regret later.

An Offshore Setup

One thing is certain, and that is the fact that Discovery Forex Limited is a MSB registrant. However, to be properly licensed to provide brokerage services in the US, a firm needs to be regulated by CFTC and an NFA member. This company is none of that. 

Due to also not owning a Tier 1 license from no prominent regulator like FCA, CySEC and BaFin, we categorize this platform as untrustworthy. 

It is not safe to invest here, as the deposits aren’t placed in segregated bank accounts and no risk-reducing measures protect you from high exposure and quick loss. Additionally, the firm lacks AML measures and mandatory transparency. The same stands for RightFX, as another unregulated entity. 

How The Scheme Functions

The discovery-forex.com domain was purchased in 2018 as evident from the WhoIs register. The website, however, seems to have been launched only in 2020, as there is no prior history of it online.

The main client base of the company resides in these nations:

• South Africa
• Japan
• United Kingdom
• United States
• Nigeria

In order to facilitate advertising, the broker uses active social network profiles on Facebook, Instagram, X and LinkedIn, in addition to a Youtube channel.

The majority of the clients are recruited by boiler room agents, however, in a manner similar to the EuroPrime scheme. These agents are known for their stubbornness and persuasion, and will not give up until they’ve squeezed the money out of the victims’ wallets. If you’ve invested with this faux firm, contact our legal experts.

Trading Conditions Initiate Loss

A clever strategy to push traders into risky trades is to set the maximum exposure to as high as possible. This trading portal allows the maximum leverage of up to 1:1000, depending on the asset. 

The trading costs in form of spreads come relatively in attractive values of about 0.3 pips, as the site states. However, not being able to immediately open an account and make sure of this from inside the platform has left us not trusting the ads. 

Web Affiliate Program

Users who run their own website can participate in promoting the company. Based on the number of new accounts opened through your referral and the executed trades, you can earn commission. Precise conditions of this system aren’t revealed.

Advertisements And Not Much Else

On the surface the features are about average when compared to regulated brokers. The issue with this firm is that you can’t really test any of the claims. It’s just empty promises, with no substance.

We did manage to open a demo account, but it only granted us limited access to platforms. Allegedly, industry standard programs are available to the clients, but good luck finding a download link on the site.

Restricted Access To Platforms

The only way to get familiar with the Discovery Forex platforms is by applying for an account first. Trying to test the MT5 demo version was not successful, as demo trading is only available on MT4. It is already known how reliable, comprehensive and rich in features this terminal is, so there’s no doubt about it’s performance.

That leaves the question about the MT5 availability open. It is a shame that these acclaimed and world-renowned software are misused for fraudulent purposes, but it’s nothing new.

Insistent On Social Trading

While MT4 and MT5 apps are available for mobile users, this broker makes no mention of mobile versions. Instead, the firm advertises a social trading and copy trading app in an incredibly pushy manner.

They’d really like you to use this secondary service so much they have placed no less than 8 separate download buttons on the same page! The buttons, however, lead to dead links on Google Play and App Store instead, with no app in sight.

Two Asset Groups Only

All of the trading conducted on this portal is only available on two groups of financial instruments:

• Forex (EUR/USD, USD/GBP, EUR/CHF, USD/AUD, USD/) 
• Precious Metals (Silver, Gold, Platinum, Palladium)

Types Of Trading Accounts

Different Discovery Forex login types are based on various pricing strategies. While a current industry average is $10 of minimum deposits or less, you cannot start trading with this broker without at least $200.

Here’s an overview of accounts now:

• Standard Account- $200, spreads based
• Nano Spread Account- $200, commission based

Demo Upon Request

Since all account opening is done by sending an application first, it’s the same with Demo. Since only MT4 accounts allow a Demo package, you have no choice but to apply for that one. After your application is revised, you will get the login credentials sent to your email address.

AML Breach On Transfers

The opposing information found on the website and client area is a clear sign of monetary transactions not done according to governing AML laws. 

You see, the client zone only allows funding to be performed via credit cards. On the other hand, the website provides manuals on how to withdraw cash via bank transfer and crypto. 

This is a known rule breaking method that swindlers employ to cover up their malicious deeds. Since credit card funding is allowed, we recommend you to ask for a chargeback and get your funds back from cons.

Customer Service

Support is allegedly available 24/7 through the live chat embedded in the website. With Discovery Forex support, you can either lose time on the bot that keeps repeating the same question, or leave a message in the contact form. Needless to say, we never received any reply from the alleged support agent.

What You Can Do

Rule of thumb before investing with any scheme, no matter how good it sounds, is to consult the authorities and check the regulatory status of your platform of choice.

We urge you to recover your investment placed on this shady site. To do so quickly and efficiently, you should contact our legal service. 

Our chargeback professionals will guide and support you every step of the way, while the first consultation is completely free of charge!

FAQ Section

What Is Discovery Forex?

This is a fake online trading portal run by an offshore scheme from Samoa.

Is Discovery Forex Legit Or Scam?

The conduct is fully illicit. Although owning an MSB license, that is not enough for a brokerage service agency.

How Does Discovery Forex Work?

The scheme is based on promises of lucrative trading. If your investment was stolen, however, please contact our legal advisors who can help you take back your capital stuck with this cyber thief.

It took us a bit of time to connect all the dots related to the GHC Trade brokerage. The company has so much misleading information on the website that making it clear who the owner is and where the broker is based was not easy. However, for the sake of our GHC Trade review, we did it.

Let’s start step by step.

GHC Trade Regulation and Security

The broker belongs to Global Holdings Capital Ltd and allegedly has headquarters in New Zealand. Moreover, there is a claim that the broker has been regulated by the FSP – Financial Service Providers of New Zealand. Since the only regulator in charge of providing licenses in New Zealand is FMA, this regulation is not valid. FSP is simply a register where companies can add their name if they wish to offer financial services. Also, there is a statement of the broker being regulated by Canadian FINTRAC. Similar to FSP, FINTRAC is just a financial organization. In Canada, the official regulatory body is IIROC.

What confused us till the end, the broker’s website is by default in Chinese, but you can change the language to English. It looks like Chinese traders are the target.

Also, the broker has an actual headquarters in the offshore country, Saint Vincent and the Grenadines.

How do we know that it’s not in New Zealand? FMA told us.

Warnings From Financial Regulators

The New Zealand official regulatory body, FMA, expressed their concern that GHC Trade might be a scam. According to FMA, the broker is not based in New Zealand, and they received many complaints about GHC Trade already. They warned their citizens not to fall for the GHC Trade scam.

GHC Trade – Withdrawal Issues

After everything being already questioned regarding GHC Trade legitimacy, we are not shocked to hear that there are withdrawal issues. The broker does not let clients withdraw their funds, and the most persistent ones are getting even blocked from accessing the funds. Also, despite claiming to be regulated, the broker offers leverage up to 1:500. Another easy way for the broker to lose your money on the financial market.

Do not fall for the GHC Trade scam, such as Migo Trade and TitanFx.

How do online trading scams work?

Everything starts with an ad showing you the future you’ve ever wanted. It’s followed by a phone call from a persuasive salesperson taking your credit card information. And it ends with money disappearing from your bank and trading account. In the meantime, you are being assigned with a so-called account manager whose job is to pretend to be your friend and extract as much money as possible. Once you refuse to add more funds, or you simply have no more, you are blocked. And this is where you understand you have been scammed.

Scammed by GHC Trade?

If you were scammed by GHC Trade, there is a possibility of getting your money back. Like many victims of scams before you, you need to file a dispute and request a chargeback.

But what is a chargeback? It’s a way to refund your card in case you were scammed online.

Get in touch with our staff now via chat and book your free consultations!

What is GHC Trade?

GHC Trade is an unregulated online trading brokerage.

Is GHC Trade a scam?

GHC Trade is unregulated and operates illegally.

Is GHC Trade regulated?

No, GHC Trade has no regulation for providing financial services.

Our first impression of this cryptocurrency trading service is incredibly good. Their website is of unmistakably high quality, easily comparable to those of industry giants. The platform features a proprietary app, proof of solvency, a high-profile founding team… It’s almost too hard to believe that the exchange is completely unregulated!

Yes, you read that right – one of the top 100 crypto exchanges by volume is actually an illicit entity. Read the remainder of our Phemex review to learn what this actually means for the clients.

Shady Corporate Structure

The Terms and Conditions document names the parent company of the Phemex exchange as “Phemex Group.” It never discloses where it is located. Instead, it’s a “blink and you’ll miss it” affair with a scrolling banner on the website, which alleges the existence of Polish and Czech branches. Entries in the Czech Registry of Companies and Polish Biznes.gov.pl confirm this.

The branch company is called Phemex Czech s.r.o. and PHEMEX POLAND SPÓŁKA Z OGRANICZONĄ ODPOWIEDZIALNOŚCIĄ. So, no Phemex Group yet.

Official social network profiles claim that the firm is situated in Singapore and Turkiye. In the case of Singapore, we found two struck-off Phemex firms in the Bizfile database. As for Turkiye, TOBB says they never existed.

Unregulated and Blacklisted

So, why would such a popular crypto exchange hide their corporate info in such a cryptic way? Well, for starters, if you look into the ČNB and KNF registers of licensees, you’ll see that the firm is completely unregulated.

Now, if you’re thinking that it may still be an honest business, we’ve got some bad news. The Phemex crypto exchange has had so many warnings we had to make a list of regulators that blacklisted them:

• FCA
• CNMV
• A–TVP
• FSMA
• FMA
• FI
• FSC
• IOSCO

In short terms, this crypto exchange, although popular, is no better than your average scammer like BitTurk. If you’ve invested with this firm and now your assets are stuck, feel free to contact our experts.

How The Exchange Advertises

The exchange has been in service since at least 2016, according to the WhoIs database. During almost a decade of activity, it became most popular in these regions:

• Germany
• United Kingdom
• Russia
• Australia
• Canada

Achieving such a large number of users is mostly achieved through social networks. The firm operates accounts on X, Instagram, LinkedIn, CrunchBase and Telegram.

Besides the official YouTube profile, many influencers are also trying to take advantage of the affiliate program. This constant viral advertising, coupled with referral incentives, makes the company similar to an MLM to a degree.

Clients Aren’t Very Satisfied

The Phemex reviews are not exactly flattering. The company has a trust score of only 2.3 out of over 200 ratings on TrustPilot. Reading the negative reviews reveals serious problems with the company.

Immediately, you’ll spot 3 types of complaints. The 1st group says that their account was hacked, and the balance was emptied out. The 2nd group says that funds transferred to other accounts simply disappear, while the 3rd claims it is impossible to withdraw funds.

Your funds are not safe with unregulated exchanges. If you believe you have been defrauded, contact our legal team.

Too Many Unnecessary Accounts

Each newly registered client gets an omnibus Phemex login account, which features several specialized sub-accounts:

• Spot
• Contract
• Margin
• Investment
• FIAT
• Lending

As you may guess from the names, each of these account types serves a particular purpose. Clients are encouraged to split their investments and then shift funds from one account to another.

Ridiculously Simplistic Software

For desktop users, the exchange provides a simplistic WebTrader. The chart is based on TradingView charts, and is not much dissimilar to different software used by other cons like Rommode. There are no advanced features, but at least you get limit, market, conditional and basket orders covered.

The Phemex app for mobile devices is similar in functionality. Instead of relying on a web browser, it is a dedicated program available for download through GooglePlay and AppStore.

Learning About Fees is a Hassle

Imagine walking into a grocery store that doesn’t have a price tag on every single item. If you ask the clerk, they will tell you, but you have to ask for each item individually. That’s how fees work with this company.

We had to dig deep to find out that the firm charges fees on deposits (0.8% to 3.5%), withdrawals (0.08% to 2%+$30), transactions, dormancy, maker and taker fees (0.1%), contract (0.01%) and commission.

Margin trading leverage can be as high as 1:5, which is higher than the legal limit in most nations. It is also the probable cause for the Phemex UK warning issued by the FCA.

Buying Incentives

Another regulatory violation lies in the fact that the firm offers numerous bonuses. Although not explicitly called “bonuses” but “rewards”, these include incentives for creating an account, verifying it, depositing, referring others, and so on. Clients are apparently eligible for a 4,800 USDT “reward” just for passing KYC.

Funding and Payouts

At least the financial channels are well-defined. As expected from a firm that deals with spot and p2p trading and exchange, both fiat and crypto methods are available. Clients may deposit FIAT currency using bank cards (Visa, MasterCard), bank transfers (SEPA, ACH, Wire), or payment services like GooglePay, Pix, and others. Supported crypto deposits may be done on-chain or through a Web3 wallet. These both include a number of different coins and networks.

Withdrawal channels remain pretty much the same, and the payout policy is well-defined in the Terms and Conditions. Judging from the complaints, however, it doesn’t seem like the firm respects their end of the bargain every time.

Talking to a Computer

Customer support is available through a live chat option. It heavily relies on a chatbot, which is programmed to avoid connecting to a support agent as much as possible.

Our inquiry about the commission kept us running in circles between FAQs and the chatbot. After a while, we understood the frustration many of the clients felt before us.

Need Help Recovering Crypto? Call Us!

Popularity is not an indication of trustworthiness. This firm has been blacklisted across Europe for its illicit conduct.

While it is possible to track the cryptos lost in the Phemex trading scam, you must act quickly. Gather all the transaction data you can, and contact our experts for help. You may reach us at any time and book a free first consultation by using the live chat.

FAQ

Is Phemex a Regulated Exchange?

TNo, this company is not a licensed service provider! It has been issued numerous regulatory warnings all across Europe!

How To Get Cryptos Back From Scammers?

Recovering stolen cryptocurrency requires specialized software solutions and expert help. You may book a free consultation with our team by using the live chat on our site.

CentroBanc presents itself as a bank service provider, a part of the most famous Austrian bank, Raiffeisen. Further, they claim to offer trading services, as the bank does.

Read our detailed CentroBanc review and you’ll see that not everything is as it seems. Warning, we’re about to expose an offshore scammer.

In addition to the above, we strongly advise you not to invest in Capital Markets Strategy Ltd, BUX Forex and GFE Markets fraudulent brokers.

Details About CentroBanc Regulation

CentroBanc claims to be owned by Raiffeisen Centrobank AG. Allegedly, it’s a part of the Austrian Raiffeisen bank, offering both banking and trading services.

However, upon checking the register of the Financial Markets Authority of Austria, we discovered that this particular website had been known in trading circles since 2018. According to FMA, it’s an unlicensed trading firm owned by Sucaba Enterprise Ltd, registered in the Marshall Islands. The same company owns another scam brand, SkyCapital, which is banned in Italy and Norway.

In 2022, CentroBanc rebranded and added the Raiffeisen logo, but even that didn’t contribute to its legitimacy.

Why Is Trading With a Licensed Broker Preferable?

Licensed banks and brokers must follow stringent rules imposed by local regulators. For instance, the Austrian authority body requires trading firms to have minimal operational capital of 730,000 EUR, keep customers’ funds in segregated accounts, and offer negative balance protection.

Fraudsters like CentroBanc here don’t follow any rules. Furthermore, they don’t comply with the ESMA leverage limit or MiFID directives.

How Reliable Is CentroBanc?

CentroBanc uses the name of one of the most popular Austrian banks, Raiffeisen, to conduct its business. The website has been banned by the Austrian regulator FMA and marked an offshore fraud.

Warning From the Austrian Financial Markets Authority (FMA)

The FMA issued an official warning against CentroBanc and its owner, Sucaba Enterprise Ltd. According to it, this website has no authorization to provide any kind of financial services in Austria.

Further, they emphasized that CentroBanc is in no way related to Raiffeisen Centrobank AG, legitimate financial services provider. Thus, it’s your cue to stay away.

What Do Traders Think Of CentroBanc?

CentroBanc promotes its services as part of a legitimate bank. Even their website is entirely branded with the Raiffeisen logo. However, once customers were lured into depositing, they could not withdraw any money.

CentroBanc says it offers banking services as well, prompting clients to deposit to their checking accounts. Once the funds are transferred, you’ll never hear from this financial swindler again.

CentroBanc – Countries Of Service

CentroBanc mainly targets residents of the following countries:

• Germany
• Switzerland
• Austria
• Spain

Since it’s not a part of the major bank and has no authorization, you should be pretty cautious. Do not trust any alleged bank without checking their details. Raiffeisen bank has branches around the globe, so it’s worth visiting them to ensure your funds are in the right place.

Also, remember the names of the Gamma Capitals, Onotex and FinexStock trading scams and avoid them at all costs! Moreover, always check the background of online trading companies before investing!

CentroBanc Range of Trading Markets

The website allows customers to invest in the following assets:

• Currency pairs – EUR/USD, GBP/AUD, CHF/NOK
• Indices – ATX, ATX Prime, ATX5
• Shares – CA Immobilien Anlagen AG, Immofinanz AG, S Immo AG
• Commodities – gold spot, palladium spot, platinum spot.

As mentioned, employees of this fraudulent firm may ask you to deposit funds into an alleged bank account. Once you do, they’ll not let you withdraw a dime.

What Is Known About CentroBanc’s Trading Conditions?

The company advertises leveraged trading but with no specified terms. Further, the spread was not disclosed, making the trading process difficult. You should stay away if you don’t know the basic costs and risks.

Account managers may try to convince you that CentroBanc has the best and most favorable trading terms when you set up an account. They’ll sell you anything you want to hear. Once you give away the money, they’ll stop responding and, most likely, block your access to the account.

CentroBanc Minimum Deposit and Withdrawal Terms

CentroBanc has no minimum amount specified. However, it doesn’t mean once their employees evaluate your financial situation, you won’t be asked for a large sum of money.

As per withdrawal terms, we’re unable to precise anything. The company uses a large amount of legal documents belonging to a legitimate bank. Thus, nothing in there applies to the CentroBanc scam.

Scammed by CentroBanc Broker? – Let Us Hear Your Story

If you find yourself a victim of CentroBanc, let us know. Our chargeback specialists may be able to assist and help you recover what’s rightfully yours.

Being scammed is never easy, but taking the first step towards recovery is crucial. Book a free consultation with our experts and let us take that step with you!

But What Is A Chargeback?

This is a way for your bank to recover funds directly from the merchant. If you have been scammed, you need to act quickly. Let’s start and resolve the matter before the damage is even bigger!

What Is CentroBanc?

CentroBanc is an online financial swindler falsely claiming to be a part of Raiffeisen bank.

Is CentroBanc a Scam?

CentroBanc is an offshore scammer exposed by the Austrian authorities.

Is CentroBanc Available in the United States or the UK?

The company offers its services to UK residents but not to the residents of the US.

Does CentroBanc Offer a Demo Account?

CentroBanc doesn’t offer a Demo account, only live trading and, allegedly, banking services.

We’ll go straight up with the facts about USI Tech. As most people already know, this Ponzi scheme was registered in Dubai as USI-Tech Limited, a.k.a. United Software Intelligence.  

It has been banned around the globe, leading to often domain changes. According to our intel for this USI Tech review, the owner is hiding while running a new domain in Brazil. Let’s expose it once and for all.

Is USI Tech a Legitimate Crypto Trading Provider?

USI Tech appeared as something new, offering people a chance to earn 140% within 140 days using their immense crypto software. Considering that 2017 was the year when BTC boomed for the first time, many rushed to use this incredible opportunity.

The company was registered in Dubai, operating as USI-Tech Limited. It is advertised as a crypto and Forex trading provider offering high returns. The scheme’s promoters boasted that you could earn as much as $10 million from a $40 investment. Hence, the suspicion of HYIP. As it turned out, those who suspected it were correct.

After the US authorities exposed USI Tech, the scheme was transferred to Eyeline Trading, another domain related to it. Then, the brand collapsed and rebranded, appearing again as WealthBoss. Undoubtedly, there is no lack of related firms and domains, leading to the same scam.

Warning Issued by Financial Authorities

Here we surely won’t lack material. Back in December 2017, the Texas State Securities Board slammed USI-Tech with an emergency order to stop soliciting US investors. According to the order, this is an overseas firm with two US-based sales agents, Clifford Thomas, and Michael Rivera, who aren’t registered to sell securities in Texas.

During the same month, the Financial Commission of New Brunswick issued its own alert regarding USI Tech Limited, stating it’s not registered to trade in or advise on securities or exchange contracts in this Canadian province. During the following months, other Canadian regulators followed the warning, including here MSC of Manitoba, BCSC of British Columbia, OSC of Ontario, NSSC of Nova Scotia, and Canadian Securities Administrators.

In April 2018, Europe got its first warning regarding USITech from Spanish CNMV. This warning was republished by the Norwegian Finanstilsynet and Estonian FI. According to it, the company is not authorized to provide investment services in the country.

In August of the same year, New Zealand FMA and Australian ASIC announced that usitech-int.com was not authorized to solicit investors. Finally, we’ve learned that ActionFraud UK received a number of complaints against USITech, along with the German and Austrian Crime Police.

USI Tech Countries Of Service

We did a traffic analysis of USI Tech, and here are the results. This fraudulent site mainly advertises in the following countries:

• US,
• Australia,
• UK,
• Germany,
• France.

The domain has been active since May 2017 but is constantly changing. The latest one is registered in Brazil, while we’re receiving lots of reports from Latin America about the scheme. Be wary, and don’t fall for USITech fraud.

Traders’ Experience With USI Tech

As you can guess, reviews of USI Tech are far from ideal. At the time of writing, we found 25 reviews of the first domain, usitech.com, on Trustpilot. The company is rated bad, with 84% of 1-star reviews.

Unsurprisingly, their name popped up on various forums, such as Reddit and Quora. Reddit users are describing the scam and providing their own experiences as evidence. Meanwhile, one user on Quora exposed Ralf Gold and Jao Severino as company founders. Then, they shared that the lattest one has been involved in another scheme, AMC Invest, which has led to arrests.

All in all, USI Tech is well exposed, and our review aims to assist victims in the way toward monetary recovery.

USI Tech Token Packages

USI Tech offers five different token packages containing a certain number of tokens which are then exchanged for crypto. Here are your options:

• Silver – 200 BRL, approx. $40
• Gold – 10,000 BRL, approx. $2,045
• Ruby – 40,000 BRL, approx. $8,175
• Emerald – 100,000 BRL, approx. $20,440
• Diamond – 200,000 BRL, approx. $40,880

With each package, you’re entitled to a certain amount of bonus tokens, ranging from 100 to 100,000 tokens, depending on your stage level. 

Note that packages expire after 140 days, and you’re expected to upgrade. Typical Ponzi scheme, similar to Novotrend.

How’s the Scam Conducted?

Once you purchase the package, you’re getting tokens transferrable to Bitcoin. Then, you can use the company’s trading bot to increase your chances of profit. This bot allegedly brings 140% within 140 days.

However, as you can guess, there’s no magic tool for the crypto market, nor is there a way for you to earn massive amounts of money with this scheme company. As you had a chance to see throughout this and all the user reviews, USITech is unlicensed, fraudulent, and convicted.

The best thing you can do is avoid this scam altogether and keep your money safe. And if you have already invested, reach out to us, and we might be able to assist you in following your funds and collecting legal evidence.

USI Tech Withdrawal

At this point, we can only talk about the USI Tech refund. Namely, the company is using money coming from new investors to approve withdrawals for previous ones. As happened with their other domains, they were left with no money for payouts, which led to the domain shutdown.

Then, they start a new domain, collecting money from new investors and running in the same circle. If you cannot get a payout from USI Tech, you should submit a chargeback or a refund request, depending on the payment method you used.

If it is BTC or any other cryptocurrency coin, we can help you track and trace funds. It’s not all lost, and you shouldn’t give up on your hard-earned money just yet!

I Was a Victim of the USI Tech Scam, What Can I Do?

If USI Tech scammed you, you should file a complaint to local authorities immediately. Additionally, you need to take steps toward fund recovery. Whether it’s a credit card chargeback or locating your crypto through CipherTrace software, our experts are here to assist.

Book a free consultation today. Let us evaluate your case, and we’ll give you an honest estimate. Don’t let scammers keep your money!

What Is USI Tech?

USI Tech is a crypto Ponzi scheme registered in Dubai, extorting money from inexperienced investors.

Is USI Tech Regulated?

No, USI Tech is not regulated and has no authority approval for its services.

Can I Get My Money Back from USI Tech?

Getting your money back from online trading scams is possible. Book a free consultation with our experts, and we might be able to assist with the matter.

Anonymity is one of the main ideas behind the creation of cryptocurrencies. When different fraudulent groups found out about this, they created a myriad of ways to exploit decentralized finance as a whole.

Our LWEX review will show you how these groups operate, what they use as a front, and how to avoid investing with an unlicensed crypto exchange.

Taking Anonymity to the Next Level

The company that would be the LWEX exchange was never clearly stated. It is impossible to tell whether there is a holding company or if it is an entity of its own. No nation is ever mentioned, nor is there any mailing address. The whereabouts of the HQ are, thus, completely unknown. Naturally, this extends to legal jurisdictions as well.

If you look into the Terms and Conditions document, the court with legal precedent is the Chamber of Commerce International Court of Arbitration. Of course, this is utter rubbish and is intended just to make an impression on the readers.

Thoroughly Unlicensed Exchange

Over the years, the international cryptocurrency markets have exploded in popularity. The allure of completely digital assets being traded has attracted numerous investors. This has prompted numerous financial regulators around the globe to impose strict regulatory conditions.

In the EU, for instance, the crypto framework is defined by the MiCA Act. It outlines restrictions imposed by the regional regulators, such as a leverage cap of 1:2 for crypto assets. In the US, a similar framework is imposed by the SEC.

It’s a given that any exchange that seeks to provide its services needs to have an appropriate license. After checking with several regulators, including FCA, BaFIN, AMF, and SEC, we learned that the LWEX crypto exchange does not. The claims of an MSB registration found on the site are bogus as well.

Trying To Cover Up The Fraud

While the exchange claims to have been in service since 2018, this could not be further from the truth. The actual lwex.com domain might be from 2006, but this is because the fraudsters purposely chose it for its age.

In reality, the domain first started hosting the exchange in 2024, targeting these particular countries:

• Greece
• United Kingdom
• Belgium
• Poland

The LWEX reviews page on TrustPilot is flooded with fake reviews. A more realistic picture can be found on Reddit, with numerous complaints from defrauded individuals.

Hiding By Imposing a Closed Group

It is impossible for regular website visitors to open an account. Creating a LWEX login requires a promo code, which must be obtained elsewhere. The code is provided either by the company’s boiler room agents, in a scheme similar to Pylwex.com, or by someone who’s already been inducted into the fraudulent circle. In short, the firm operates as a crypto pyramid scheme and encourages victims to seek out new people to bring into the fold.

Much of the work is done online, through social networks and online chat rooms. Or, employees of fraudulent call centers contact the victims directly by phone and promise great returns on investment.

Restricted Access to the Trading Room

Without a valid LWEX account, you can’t gain full access to the trading platform. We say “full” access because it is possible to glimpse the trading floor before you get locked out. Some security, huh?

As you’ve probably guessed, the “advanced” trading software is just another WebTrader. It’s the same as any other similar platform used by other cons like Tipitek, only this time it is colored black and gold.

Dangerous Phone App

The more problematic option is the mobile app. This is not available through regular outlets like Google Play or AppStore but directly from the cheaters’ website.

Of course, your device will complain about installing an app from an unknown source. No problem for the cons since they’ve made sure to post a step-by-step tutorial on how to circumvent device security!

After taking a thorough look, we learned that the app is intended to take control of your Google Pay and Apple Pay programs. This way it can siphon your money off to an unknown account!

Unknown Service Costs

There are several costs you can expect when trading crypto on any regulated exchange. These include Maker and Taker fees, blockchain gas prices, and sometimes commissions. Derivative trading, like perpetual and crypto CFDs, usually includes leverage and swaps as well. Payouts usually incur another fee, and so on.

None of this was ever discussed in this exchange. Since no trading ever takes place, swindlers don’t need to bother inventing any of these costs. They benefit more if the victims think there are no fees, after all.

Don’t Expect a Withdrawal

With a company fully compliant with regulatory conditions, you can simply expect to file a withdrawal request and have your money paid out in full. With cons, however, this is not the case.

The majority of these faux exchanges will only allow clients to withdraw a relatively small sum, and only in order to proliferate the idea of legitimacy. In this case, the payout conditions are never openly stated. There is no info on which channels clients may use, how long the processing takes, or what amount of fees one can expect. This lack of transparency allows the charlatans to invent any excuse to deny a payout.

Help Desk Doesn’t Respond

Customer service is available 24/7, allegedly. Two means of contacting the service are provided: email and online chat.

The chat itself is a simple web form, where the client may post a query and attach a picture. We tried this option since it seemed the quicker of the two. Unfortunately, we never got a reply after waiting for about an hour.

Scammed? Get In Touch With Our Experts!

LWEX scam exchange has somehow managed to avoid the attention of the authorities, even though it has been a thorn in the traders’ side for a couple of years now. The platform exists solely to steal from its hapless victims and nothing else.

If you’re one of the thousands of investors who have fallen prey to this scheme, don’t give up the fight! With the help of our experts, you can start a recovery procedure and see your money returned. Feel free to contact us at any time via the live chat.

FAQ

Where Is The LWEX exchange registered?

The location of the company HQ is completely unknown. The firm is illegal, and operates with no supervision from the authorities.

How Can I Get My Stolen Cryptos Back?

Recovery is possible with the use of advanced blockchain analysis solutions. Get in touch with our recovery experts to learn more.

Usually, German regulators react quickly when people report a trading scam. We can see the same thing now with the official report of AuxCapital broker.

Without further talk, we’ll go straight to facts. Our detailed AuxCapital review will help you understand why some brokers are better avoided.

Is AuxCapital an Unregulated Trading Scam?

As we found out from the German warning, Aux.Capital is owned by Iridiscent Group LLC, registered in Saint Vincent and the Grenadines. And indeed, such a company entered the SVGFSA register in July 2022. 

However, here’s the issue. The Financial Services Authority is only here to register a company. They do not supervise the Forex market, nor do they issue licenses. In fact, they ask brokers to obtain a license in the country of service. Therefore, AuxCapital should’ve completed registration with the FCA, ASIC, BaFin, or any Tier 1 authority. As you can guess, they disregarded this obligation.

AuxCapital is an anonymous, unregulated trading brokerage. The company received a ban in Germany as it’s soliciting German investors without appropriate authorization.

If you’re wondering why it matters, the answer lies in your fund safety. With licensed brokers, especially those holding reputable regulations, you have a compensation fund and can always contact authorities for help. With the unlicensed offshore scheme, no official financial body can assist you and reimburse you.

Warnings Issued by Financial Authorities

In January 2023, the German regulator BaFin issued an official warning against AuxCapital. According to it, the company solicits German investors without an appropriate license. Furthermore, BaFin requested assistance from the Federal Crime Police to resolve the matter.

It only shows that there are many victims and that the scammer in question is serious in its intentions to steal the money. Be wary.

Where Does the Broker Operate? – Countries Of Service

Scam brokers advertise their offers through social media and Google Ads. They often sell something they don’t offer or can’t deliver. For instance, they may promise sophisticated tools such as trading bots or guarantee profits.

On that note, we researched where Aux Capital advertises. We found their presence mainly in the following countries:

• Turkiye,
• UK,
• Australia,
• Switzerland.

The website was registered in October 2022 in the GoDaddy WHOIS database. Since then, many negative reviews have been online, indicating a scam.

AuxCapital Trading Software Choice

As you can already guess, Aux Capital didn’t bother to offer reliable trading software. After all, this company only cares about its own profit over your fund’s safety or market success.

In fact, this is why they chose to provide WebTrader. As it’s a part of their website, they can manipulate it, change your trades, and lead you in any direction. Broker employees can convince you that you earned a lot of profit and that now is the right time to deposit more. On the other hand, if you refuse, they can make it seem as if you’re missing money for the margin.

This is why we always recommend third-party terminals such as MT4, MT5, or cTrader over any browser-based software. Not only will you get more safety, but also access to more analytical tools for market research. After all, you need the tools if you’re going to make that money.

Trading Assets Offer

Surprisingly, AuxCapital doesn’t offer access to the most popular market today, the crypto market. In fact, you can only trade in four asset classes, those being:

• Currency pairs – EUR/USD, GBP/NOK, AUD/SEK
• Commodities – gold, silver, natural gas
• Indices – AU200, BE20, DAX30
• Shares – Alibaba, Amazon, BOA

The spreads are advertised as narrow, but it means nothing. You have no guarantee that what you see today will stay tomorrow or even for the next hour. Unregulated brokers determine their own market terms, often robbing their clients.

Leverage, Spreads, and Fees

Besides the description mentioned above of narrow spreads, we know virtually nothing. Commissions are not listed, but that definitely doesn’t mean you won’t be heavily charged. 

As per leverage, it ranges from 1:10 to 1:100. Note that the EU follows the ESMA directive and sets a limit of 1:30, just like Australia. In the US, the leverage limit for retail traders is 1:50. Simply put, AuxCapital offers more leverage, exposing your money to greater risk.

Account Types to Choose From

You surely won’t lack account types created with the idea of getting more and more money out of you. Here’s what the broker offers:

• Silver – $250
• Gold – $1,000
• Platinum – $5,000
• Diamond – $10,000
• VIP – $25,000
• Partner – $50,000

With each higher account, you get a bigger order size, more trading tools, and higher leverage. 

Negative Balance Protection

Another feature mentioned with all account types is negative balance protection. It enables you to trade without fear of losing your entire account balance and going into minus. Simply put, once you lose your capital, your account is automatically closing.

While regulated brokers are obligated to provide this feature, we doubt a scammer like AuxCapital will do it.

Can I Use a Demo Account? 

You cannot use a risk-free Demo as there’s none. Companies often don’t allow you to test the system when they have nothing to offer. Or their offer is bogus enough that it’s better you see nothing.

On the other hand, legitimate brokers will be happy to provide you with a trial account so you’ll build confidence in their services. Don’t settle down, and don’t accept anything less than full service from your broker!

Withdrawal Issues With AuxCapital

Unsurprisingly, clients are reporting withdrawal issues with AuxCapital broker. In its Refund Policy, the firm lists the following payment methods:

• Debit/credit card,
• Wire transfer.

The profit has to be transferred to the same means of the deposit, up to the amount you invest. The excess shall be transferred to your bank account. However, the firm also says you’re not allowed to hold them responsible for any delays or issues with a payout.

Simply put, they can claim that they have sent you the money, and there’s nothing you can do if that money doesn’t appear on your credit card or bank account. This is illegal and you should report any issues immediately.

I Was Scammed by AuxCapital; What Can I Do?

If you find yourself scammed by AuxCapital, report it immediately. You can request a chargeback within up to 540 days since the transaction occurred, so it’s crucial to begin immediately. Don’t wait for more time to pass.

Suppose you don’t know where to begin. Our chargeback experts will gladly show you how to start the process and provide you with guidance and assistance. Don’t wait; book your free consultation now!

What Is AuxCapital?

AuxCapital is an unregulated online trading brokerage allegedly based in Switzerland.

Does AuxCapital Offer a Demo Account?

No, AuxCapital doesn’t offer risk-free Demo accounts to its investors.

What Trading Platform Does AuxCapital Offer?

AuxCapital offers you a basic WebTrader without any special analytical tools or features.

There are many reasons why a regulator would ban some brokerage. Details of this particular one will be elaborated on in our unbiased BitWest Group review.

Make sure you stick with us until the end. We’ll do our best to provide you with sufficient information as well as details about possible fund recovery.

Is BitWest Group a Regulated Forex and Crypto Broker?

BitWest Group has quite a nice website presentation. The company is telling us all about its operations dating back to 1994. They represent themselves as the “leading global technology-enabled liquidity provider in financial products.”

However, they don’t elaborate on the owner, headquarters, or anything of relevance. The only thing we can rely on is the statement in the Terms and Conditions, referring to the law of Saint Vincent and the Grenadines as the governing law. However, this country has no official regulator of Forex brokers. In fact, FSA strictly directs broker companies to opt for a license in the country of service before attempting to register offshore.

Since BitWest Group is clearly unregulated, they can’t register their business in SVG. Hence, the lack of details about the owner’s name. This is good enough for us to understand that being involved with this company is dangerous for your money.

Warning Issued by Financial Authorities

The UK FCA has issued an official warning regarding BitWest Group broker. According to their notice from the 19th of May, 2023, the authority says this company has no approval to offer financial services to UK residents.

Therefore, it’s clear that officials agree with us. This investment firm is a bogus scheme, and you should avoid it by all means.

Traders’ Opinion of BitWest Group

We turned to Trustpilot as our source of traders’ opinions. The company is rated average with 43 reviews at the time of writing. However, 47% of them are 1-star, meaning the score will surely decrease.

According to most recent comments, the broker transfers customer funds to a Binance account, then to their own wallet. If you succeed and make a profit, they’ll ask you to pay for financial verification and even claim they’re from Binance support. It’s a typical hit-and-run trading scam you ought to avoid.

Countries Of Service

Now that we know how BitWest Group operates, let’s see where they do it. According to web traffic analysis, the majority of victims come from:

• UK,
• Germany,
• Netherlands,
• Serbia.

Each of these has its own respective regulator, and any does not approve our scammer here. They registered the domain in the GoDaddy WHOIS database on the 8th of March, 2023, and already earned a negative reputation.

Available Trading Platforms

Once you register, you can access BitWest Group’s trading platform. It’s a basic WebTrader we’ve seen before, with similar scams such as Definite Area.

On the left side, you can find an asset overview, while on the right side, you can see traders’ sentiments about the asset and place buy/sell position. You can find a basic candlestick chart with several indicators in the middle. However, no special features such as Stop Loss, social trading, or bots exist.

This software cannot be compared to far more superior alternatives such as MT4, MT5, and cTrader. With any of these, you’d get a mobile app and access to the most advanced features and add-ons.

Trading Instruments on Offer

The company offers trading in the following assets:

• Currency pairs – EUR/USD, USD/NOK, AUD/SEK
• Commodities – gold, coffee, natural gas
• Indices – AU200, DAX30, CAC40
• Shares – Adidas, Adobe, HSBC
• Cryptocurrencies – BCH, USDT, USDC

Leverage, Spreads, and Fees

However, they don’t disclose details about commissions and trading costs. The platform shows 0.2 pips for EUR/USD pair, which is quite solid, but not necessarily true. Once you deposit funds, the spread might change. Additionally, leverage is not disclosed, meaning you don’t know the risks.

Account Types – What’s the Difference?

There’s an extensive list of seven different account types, as follows:

• Basic – $250
• Bronze – $5,001
• Silver – $15,001
• Gold – $50,001
• Platinum – $150,001
• Diamond – $500,001
• Black – $1M+

As you can tell, price gaps are not small. However, all you get is more free withdrawals and alleged financial advisers. Knowing that the company is not licensed, it’s clear that it cannot provide any kind of financial services.

In addition, the Demo account is not enabled, meaning you will have to pay the minimum deposit just to test the system.

BitWest Group Withdrawals – How Can I Get My Money Back?

We have to admit that we were discouraged after reading the reviews. We don’t believe getting the withdrawal is possible at this point. In addition to customer stories, the company has some malicious clauses to prevent you from payouts.

For instance, if you accept a bonus, you cannot request a withdrawal before reaching the minimum trading volume: bonus amount divided by two in standard lots. So, suppose you got a $200 bonus; you need to trade 100 lots, equal to $1 million.

The Refund Policy is entirely blank, meaning you cannot get a refund under any circumstances. As per payment options, the company advertises debit/credit cards and bank transfers. Considering that everything so far has been phony, we cannot trust this either.

What Should I Do If I Was Scammed by BitWest Group?

Online trading is only profitable if you can withdraw the money. Otherwise, you can see virtual earnings on your screen and nothing else. This often happens if you deal with scammers such as BitWest Group.

If you cannot get a payout, book a free consultation with our chargeback experts. We’ll gladly assist with the matter and find a way to help! It’s not all lost; we’re on your side!

What Is BitWest Group?

BitWest Group is an unregulated online trading brokerage without a license.

Does BitWest Group Offers a Demo Account?

No, BitWest Group doesn’t offer its customers a risk-free Demo account.

Is My Money Safe With BitWest Group Broker?

Since the broker is unregulated and banned by UK authorities, your money is not safe with BitWest Group broker.