Since South Africa is not considered quite a Tier1 regulatory zone, we’ve checked whether Global GT broker could be rated as good or not. Thanks to their offshore entity, the company can provide financial services internationally, so that this matter might be of interest to many.

Read our Global GT review and find out if your funds are safe with the broker or not.

Global GT Regulations and Security Details

Global GT is owned by GT IO Markets (Pty) Ltd from South Africa. The company holds FSCA regulation number 48896. Besides, the same brokerage also has an entity in Seychelles under the name 360 Degrees Markets Ltd, holding FSA regulation.

However, none of these regulations are reputable, so we searched a bit more to uncover the truth about Global GT broker.

The brokerage itself stated it doesn’t belong under ESMA regulatory jurisdiction, the one that ensures your funds are kept in segregated accounts, so the broker cannot use your money to pay off their own debts. This puts a big question for Global GT operations.

Fund Withdrawal Issues

Since the broker has only Seychelles regulation outside of South Africa, it doesn’t give much of a guarantee that you will get your money back if you are scammed.

The FSA doesn’t make brokers form any kind of compensation fund, so whatever money you decide to invest goes under your own risk. Therefore, we were not surprised to learn about GlobalGT.com withdrawal issues.

As per clients’ reviews, the broker is not easy to make money from. Once you invest, you have a chance to make a profit. However, when you ask for a payout, you’re risking seeing your account suspended.

Traders About Global GT Broker

Despite this broker’s desperate attempt to present itself as a reputable broker and write tons of fake reviews, you can still see some patterns if you really look. According to Trustpilot, all the clients have to say is that their withdrawals are too long or impossible. Then, the broker replies something about the bonus conditions that clients didn’t even know they agreed to once they accepted it.

It’s a common scam among illicit brokers – they will offer you a bonus without telling you that it will block your withdrawals for a certain period of time. Then you will be caught up trying to figure out what you need to do to get your money back, the time will pass, and you will just give up. And that’s precisely what Global GT hopes for.

If you experience something similar, contact us immediately.

So, please, avoid GlobalGT.com forex broker and similar brokers such as GlluckFX, Acceptrade and Zeyfex.

How Does Online Trading Scam Work?

Depending on the brokerage, a scam might start from a contact via social media, some trading ads showing luxury life, etc. As you saw, many brokers, including Global GT, are using bonuses to lure clients and make sure they will not get a payout for at least a couple of months since the requirements are not reasonable. 

Since the broker’s minimum deposit is $10, if you accept a bonus of $100 only, it’ll take you 3-4 months to release your money. Therefore, lots of people just give up. 

Also, you may discover that your account is suspended once you are eligible for withdrawal and you can no longer access your funds.

Did You Have Any Problems With Global GT?

If you have had problems with Global GT broker, let us know. Our support department will book a free consultation with chargeback experts to guide you on filing a dispute immediately.

But what is a chargeback?

It’s a way for your bank to reverse the transaction if you can prove you were scammed. That’s why having professional assistance is of utmost importance. Contact us before it’s too late, and let’s get your money back!

What is Global GT?

As per our research, this is an online trading brokerage regulated in South Africa and Seychelles.

Is Global GT a scam?

Probably, GlobalGT.com is not a Tier 1 regulated broker and has no compensation funds for reimbursing clients.

Is Global GT regulated?

Yes, Global GT has regulations from South African FSCA and FSA from Seychelles.

Equiti is a broker mainly operating in the Middle East. However, they do accept European, African, Asian, and Australian clients as well. Therefore, we’ve decided to do our Equiti review and find out everything about trading terms and conditions with this brokerage.

Equiti Regulation and Security

Equiti is a Jordan-based broker owned by Equiti Group Limited. However, the company has several other entities – Equiti Capital UK Limited in the UK and EGM Futures DMCC in Dubai. The company is regulated by three regulatory bodies, JSC, FCA, and SCA. The broker has many partnerships with other brokerages.

When it comes to security, clients are entitled to request fund insurance in case they have a constant balance of $25,000 and above. In case of a loss, the company says to refund clients up to $1,000,000. However, this does not make much sense. In case you lost money on the market, why would the company refund you? We couldn’t find other conditions the trader needs to fulfill to be entitled to this insurance.

Withdrawal Issues with Equiti

Since we’ve come across several complaints regarding withdrawal issues while researching Equiti reviews, we’ve decided to verify the broker’s offer thoroughly.

First of all, clients can choose between MT4 and a web trader. We congratulate the company for selecting an MetaTrader4 platform since it’s considered the safest option. However, a web trader is not so safe and should be avoided.

The minimum deposit is $500, which is a bit too high. If you do not have any trading experience, there is no reason to risk such an amount when you can deposit with other regulated brokers and start your account with as low as $10. Besides the Visa, MasterCard, Neteller, and Skrill logo, we haven’t seen any conditions of depositing and withdrawing funds. Sounds like a red flag.

Other than that, the broker provides a leverage of up to 1:500 for the Forex market. Just for you to compare, the CySEC, ASIC, FCA, and other tier-one regulated brokers offer leverage up to 1:50 or 1:100 for the Forex market. Regulators made this decision in order to protect clients from exposing their funds to tremendous risk.

There are only two account types available – Executive and Premiere, requiring you to deposit $500 or $20,000.

In this broker’s offer, there are no cryptocurrencies available. Kind of odd if it’s trying to keep up with the trading trends.

Since the broker has several regulations, the regulatory obligation varies based on the entity clients belong to, which means not treating all clients equally.

Scammed by Equiti forex?

If you were scammed by an Equiti forex broker, there is a possibility of getting 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.

Contact our support now and get all the information for starting the procedure. We are available on chat!

What is Equiti?

Equiti is an online trading brokerage based in Jordan.

Is Equiti a scam?

Equiti does not provide an equal trading opportunity to all clients due to several different entities.

Is Equiti regulated?

Yes, the broker has Jordan, the UK, and Dubai regulations.

CTFX broker is all over social media, especially forums like Reddit, where victims share their negative experiences. Since we figured this is another unregulated offshore firm, we want to warn you and show you all the tricks this company uses to defraud its clients.

What About CTFX  Regulation?

CTFX is a brand of Ebullience Group LLC from Saint Vincent and the Grenadines. As discussed many times, this offshore island has no financial regulator, which is why scammers choose it for its headquarters.

Why Must A Broker Have a License?

Why do banks, insurance companies, and other financial institutions need a regulation? Since dealing with money is always risky, some standards have to be followed. Unregulated brokers can provide unregulated trading conditions and vanish with your money without being penalized. And tracking offshore firms can be quite tricky.

Brokers like CTFX are trying their best to hide, create fake shell firms as owners, and disappear once they have stolen enough or have been spotted by regulators. Don’t fall for this, and don’t be involved with offshore firms.

As well as to the foregoing, we highly urge you to avoid scam brokers BNBtgroup, EENmarket, and GetPrimeCrypto.

Traders Reviews About CTFX

As mentioned, CTFX is already on Reddit, Trustpilot, and other websites where you can leave a review. Clients describe their experience with this firm, including how they were robbed and prevented from submitting a withdrawal request. 

“AVOID this company! Total scammers. Have you beliving your account manager is working hard and making you money. You watch your fund balance increase and get excited that it’s all worked. Only to be told you need to pay endless fees to withdraw anything, just another way of scamming the last bit of money out of you. My balance is over $20,000, I’m gonna spend the rest of my day losing it all. If I can’t have it, they certainly are not. Thieving b******s”

– Trustpilot Customer

What Platforms Does CTFX Offer? – Available Trade Software

CTFX offers a proprietary WebTrader, advertising it as a “preferred trading platform widely used as it caters to the needs of all investors.” 

CTFX  WebTrader

First of all, we wouldn’t call any WebTrader a preferred platform. In fact, many investors prefer reputable software such as MT4 or MT5. The WebTrader has fewer functions and doesn’t support EAs or social trading. Besides, it’s not available through a mobile app, only through a web browser.

All About CTFX Accounts

There are 4 CTFX account types to choose among.

1. Starter – $250
2. Pro – $2,500
3. Business – 25,000 EUR
4. Luxury – 100,000 EUR

Besides the fact we don’t understand the change in the currency of the initial deposit, accounts differ in commissions, spread, leverage, and other perks.

Does CTFX Have A Demo Account?

No, CTFX doesn’t have a Demo account, so you need to deposit the money if you want to test their system.

Countries Where CTFX Operate

CTFX mainly operates in:

• Italy
• Netherlands
• Spain
• Ireland
• UK

As you can tell, the European zone is the primary target, but there are victims worldwide.

CTFX Range of Trading Instruments & Markets

The CTFX investors can trade on the following markets:

• Currency pairs – EUR/USD, GBP/USD
• Commodities – gold, oil, natural gas
• Indices – NASDAQ, FTSE100
• Shares – Apple, Amazon, Facebook
• Cryptocurrencies – Bitcoin, Ripple

Also remember the names of the EuroTrades, Richmond Super and IndigoCapitals trading scams and avoid them at all costs! Moreover, always check the background of online trading companies before investing!

About CTFX Trading Conditions

CTFX offers a low spread, starting from 0.1 pips for the Starter account, and no commissions. The commission goes from 0.5 EUR per lot to 4 EUR per lot on higher accounts. While this may sound competitive, think about where the broker is making its profit. The answer is your deposit, fake fees, and any money you transfer to the company that you will never get back.

CTFX Leverage 

The broker offers high leverage of up to 1:500 against all the regulatory rules.

High Leverage – Why Is It Dangerous?

The leverage can be a useful tool to increase your buying power but is very dangerous when you have no market experience. That’s why the EU, UK, and other regulators have set a limit to up to 1:50 for the Forex market and 1:2 for crypto. The leverage shows how many times you can potentially increase your profit but also losses. With the leverage of 1:500, you can earn 500 times more or lose 500 times more money than you invested.

CTFX Bonuses As A Way To Keep Your Funds

CTFX approves up to a 30% welcome bonus. However, the Terms and Conditions suggest that you must repay the initial deposit plus the bonus amount 25 times before being eligible for withdrawals.

Why Are Trading Bonuses Banned?

Since many unregulated brokers used bonuses and other incentives to prevent clients from withdrawals, regulators have banned this type of provision. Since CFTX has no license, it still provides bonuses and abuses this tool in its own favor.

CTFX Deposit, Withdrawal Methods, and Fees

Clients can deposit the funds using debit/credit cards and wire transfers. The broker charges some hefty fees of 50 units for wire transfer withdrawals and 25 units for card withdrawals. Furthermore, there’s an inactivity fee of 10% each month if the account is dormant for more than 6 months.

Are You Already Involved With CTFX? – Share Your Story With Us

If you are already involved with CTFX and have any issues, get in touch now. Our chargeback specialists may be able to assist with the refund.

But What Is A Chargeback?

This is a way for your bank to recover the funds from the merchant. Since the process is time-limited, let’s not waste more time. Take action and make the first step towards recovery.

What Is CTFX?

CTFX is an online trading Forex and CFD provider based in Saint Vincent and the Grenadines.

Is CTFX a Scam Broker?

CTFX is an unregulated trading provider. Since the firm has no license, it provides unregulated trading conditions.

Is CTFX Available in the United States or the UK?

CTFX operates in both the US and the UK.

Does CTFX Offer a Demo Account?

No, CTFX doesn’t offer a Demo account, only Live accounts.

Titangap is an offshore broker. They follow the same pattern as other scam sites, per se. For example, they offer fake trading services in offshore destinations like Cyprus and SVG. 

Titangap operates an investment program that promises returns after a certain period. This program is illegal and resembles a Ponzi scheme seen in Forex and Crypto scams. The individuals associated with these fraudulent websites have never paid the promised returns. Read this Titangap review for more details.

Titangap Broker – Legit or Scam?

We have found that this alleged broker is from Belize. IOS INVESTMENTS Limited is its owner. Yet, we can see that there are two separate entities with the same name. One is from the UK, and the other is from Belize. Yet, the UK company isn’t relevant to this Titangap review as there is no association between them.

Titangap is a broker based offshore, similar to other scam companies. They offer fake trading services in countries like Cyprus and SVG and run an illegal investment program promising returns that resemble a Ponzi scheme. These fraudulent websites have never paid the promised returns, and it’s wise to read this Titangap review for more information.

We have confirmed IOS Investments Ltd’s existence in Belize through official records. Besides, we have found evidence of a possible relationship between this company and another scam broker, ForexTB. 

It remains unclear what kind of relationship exists between Titangap and ForexTB. Yet, we have discovered that the latter refers to IOS Investments Ltd in its marketing materials. Also, keep in mind that this broker lacks FCA, ASIC, BaFin, and Tier 1 licenses.

Titangap is a total scam broker owned by IOS INVESTMENTS Limited. It follows the same pattern as other scam brokers, offering fake trading services in offshore destinations like Cyprus and SVG. It also operates an illegal investment program resembling a Ponzi scheme and lacks FCA, ASIC, BaFin, and Tier 1 licenses. The broker also lacks demo accounts, and traders should be attentive before committing to them to avoid falling victim to these scams.

Please be careful when dealing with Titangap, Sallix Capital, ProfitiX, and other similar bogus companies.

Titangap Platforms – A Software Comparison

As you may know by now, MetaTrader 5 is one of the most influential and trusted trading platforms. It provides traders with advanced charting, many order types, and various indicators and tools. 

It is easy for traders to make informed decisions and access global financial markets. Yet, beware that this fake broker claims to offer a professional MetaTrader 5 platform.

What Financial Instruments Does The Platform Include?

Titangap claims to offer over 300 instruments across 5 asset classes:

• Forex (FX) – Titangap offers 60 currency pairs to choose from, including major, minor, and exotic pairs. Traders can use real-time market data, customizable charts, and advanced order types.

• Crypto – Traders can speculate on popular crypto coins like Bitcoin, Ethereum, Litecoin, and more.
• Stocks – You can trade stock indices, such as the S&P 500, FTSE 100, or the DAX 30.
• Indices – Trade stock indices including NASDAQ, S&P 500, FTSE 100, and Nikkei 225. 
• Commodities – Trade precious metals like gold and silver, energy commodities like oil and gas, and agricultural products like corn and wheat.

Titangap’s Service Coverage by Country

There has been a rising trend of fraudulent activities targeting traders from various countries, including the United States, Italy, Germany, Australia, and France. 

This broker uses deceptive tactics to trick people into investing their money. It’s wise to remain vigilant and thoroughly research any investment options before committing to them to avoid falling victim to these scams. This goes without saying! 

Account Options Offered by Titangap

Titangap offers a variety of account types. These account types include:

1. Explorer: This account is for beginners who are starting trading. It provides access to the most popular markets and educational resources.
2. Bronze: The Bronze account is for traders who seek a more advanced platform. This account type provides access to signals and news.
3. Silver: The Silver account is ideal for experienced traders who need a higher level of services. It provides access to various markets and advanced features such as advanced charting and trading signals.
4. Gold: The Gold account is for professional traders who need access to the latest features and services. This account type provides access to automated trading and market news.
5. Platinum: The Platinum account is suitable for experienced traders. It provides access to various markets and exclusive features such as automated trading and market news.
6. VIP Platinum: The VIP Platinum account is the most advanced account type. It is suitable for professionals who need access to the highest level of services.

Can a Trader Use a Demo Account?

Titangap does not offer demo accounts, and that’s a big minus. Demo accounts have many benefits, by all means. They provide the opportunity for traders to practice trading without risking real money. 

Besides, demo accounts can help traders identify and work on their weaknesses before trading with real money. Demo accounts are essential for traders.

Terms of Service for Titangap 

The Terms of Service outline the company’s policies regarding user accounts, payments, intellectual property, and termination. For this broker, there is not much to be said. 

It’s crucial to review these terms before using a company’s services. It’s also essential to choose a regulated and reputable broker. Keep that in mind. 

Leverage, Spreads, and Fees

Titangap provides Forex traders with leverage up to 1:500. However, remember that high-leverage trading requires caution.

Forex regulators in the UK and EU have limited leverage to 1:30. In Canada and the US, the cap is set at 1:50, as many traders have faced large losses due to excessive leverage.

What’s more, Titangap claims to offer competitive fees and spreads.

Can I Withdraw My Deposit Bonus?

If you have been scammed by a broker, it is unlikely that you can withdraw your deposit bonus or any profits you have earned using the bonus. 

It may be difficult to withdraw funds from a scam broker. Contact the appropriate regulatory authority or contact us if you suspect you are dealing with a scam broker. You should also take steps to protect yourself from further losses.

Scammed by a Titangap Broker? – We Want Your Story

Experiencing financial losses can be extremely painful and overwhelming. However, it’s essential to keep a level head and not panic. It’s critical to remember that even diligent investors can make mistakes, and you are not alone. 

If you have fallen victim to a broker scam, it’s essential to report it immediately. It can be hard to know where to turn or who to trust, but we’re here to help. Don’t hesitate to contact us for assistance in reporting the fraudulent broker and taking steps to recover your losses.

Note: Titangap and Stockswide have a similar history of fooling their clients and operating as unregistered companies. It is crucial to note these parallels to protect yourself.

What is the Chargeback Procedure?

The chargeback process involves the following steps:

• Contact your bank or credit card issuer and request a chargeback.
• You must provide evidence to support your claims, such as copies of emails, contracts, and other documentation.
• Once your bank or credit card issuer receives your dispute, they will investigate the claim and determine whether it is valid. They may contact the broker in question for more information.
• If the charge was fraudulent, the bank will issue a chargeback and refund the transaction amount to your account.

Make sure to contact us today and start your chargeback process.

What Is Titangap?

Titangap is an offshore broker and follows the same pattern as other scam sites.

Is Titangap a Scam Broker?

Yes. This is a broker scam that you should stay away from.

Is Titangap Available in the United States or the UK?

This broker is trying to scam traders from the United States.

Does Titangap Offer a Demo Account?

Titangap does not offer demo accounts, and that’s a big drawback.

Scammers have perfected their way of tricking people into starting a business with them, and many are left unsatisfied and robbed. So if you’ve decided to begin the journey of Forex trading, you should be very careful with the company you choose. 

Firmon.co is one of many companies you should avoid. In this detailed Firmon review, we are giving insights on this scam broker.

The company has a straightforward website that doesn’t offer much corporate information. Even if company details such as address and name exist, it is still not very trustworthy. The website also lacks information on the foundation year, so you don’t know how long the company has been scamming people.

Is Firmon a Broker With a Good Reputation?

Firmon is a broker owned by Lazdurieksti SP ZOO, allegedly based in Poland. However, not regulated by the Polish financial authorities.  If the company were licensed with the KNF, it wouldn’t be able to run the business like they currently do because it would go directly against the KNF regulations. For example, they would need to ban the bonus scheme they are so generously offering.

How Safe Is an Unlicensed Broker?

Your money can go missing at any moment because no one is legally watching the transactions. Regulated companies must have strict rules, rules that must be followed, simply because things can go wrong even with legit companies, and if something like that happens, you need all measurements to keep your funds safe. Measures include negative balance protection, compensation funds, segregated accounts, and many more. Firmon.co will not give you any of this. Instead, you will get a scam broker whose only goal is to steal your money and disappear.

Furthermore, we strongly urge you to stay away from Tedex, FastEarnings247, and Smart Trade CFD fake brokers.

​​Is Firmon a Legit Broker or a Scam?

Firmon.com is allegedly based in Poland and is an unlicensed, scam broker. The KNF does not regulate the company.

Traders’ Experiences With Firmon

If you already had experience with Firmon broker, you’re probably here because you’re looking for a way to restore your money, and you are in the right place. Unfortunately, you are not the only one; this is just one of many reviews we could find on firmon.co:

“Worst company ever in Forex trading…

The worst company ever in Forex trading does not invest in this company because this company does not reply to emails, and withdrawals are not refunded. Not any updates yet from them”

– Trustpilot Customer

Red flags everywhere – this is not a safe broker!

What Platforms Does Firmon Offer? – Available Trade Software

The broker is offering web-based trading solution. This is also one of the things that doesn’t put so much trust in the company. Web-based software is a poor imitation of MT4 or MT5. MetaTrader5 is the most developed program out there. It has many tools, and users have downloaded this app more than 10 million times.

Firmon Broker – Countries Of Service

Firmon trading is operating in the following countries, so beware if you’re coming from one of them:

• Germany
• Canada
• Norway
• New Zealand

Firmon.co Accounts Overview

All About Firmon Accounts 

The company offers six account types. Each account requires a minimum deposit of:

• Standard – $10,000
• Bronze – $25,000
• Silver – $50,000
• Gold – $100,000
• VIP – $250,000
• Pro – $1,000,000

Accounts differ in leverage, spread, and educational materials.  

Firmon Range of Trading Instruments & Markets

The company is offering the following instruments:

• Forex – USD/EUR, GPB/USD, EUR/GBP
• Indices – NASDAQ, NIFTY 50
• Commodities – Gold, Gas, Oil
• Shares – Google, Amazon, Apple
• Cryptocurrencies – BTC, ETH, XRP

Also, remember the names of the trading frauds Wizard Capitals, LiraFX, and IndexEvolve trading scams and avoid them at all costs! Furthermore, before investing, always check the background of internet trading organizations!

Firmon Trading Conditions

You can find the following information on the website: “For the success of our traders, we ensure to offer premium trading conditions with practical and technical support throughout their trading experience.” But the page couldn’t be opened when we tried to see more details on the actual conditions. Thus, we’re unsure what will you get. For sure, nothing good.

About Leverage And Spreads

There is no information on spreads; however, there are leverage details, and before we go further, we must add that they are completely insane. The minimum leverage is 1:200, which stands for standard, bronze, silver, and gold accounts; the leverage of 1:300 goes for the VIP account, and the leverage of 1:400 goes for the pro package. These numbers are hazardous! Every regulated broker is not allowing leverages higher than 1:30, yet this broker is playing by different rules – scam.

Firmon Deposit, Withdrawal Methods And Fees

The Withdrawal Policy page couldn’t be opened just like Trading Conditions, which is not very trustworthy! Beware of this. Also, avoid depositing via crypto transactions! They are irreversible and almost impossible to trace! 

Minimum Investment Amount

The minimum investment amount is insanely high, standing at $10,000 for a standard account. Most legit companies are requesting a minimum of $10 for basic acconut. Red flags everywhere.

Bonuses – A Fraudulent Method

If you’re a newbie to the online world of trading, you will see bonuses as a good thing as they should be, but there is a catch – since this is a scamming brokerage, the bonuses are not coming in handy this way. If we go and check the terms and conditions, you will find the following sentences:

6.3 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. 6.6 bonuses come with terms and conditions which require a client to fulfill a trading volume before the trading account is eligible for withdrawals. For a position to count towards the need turnover, trade must be open for 24 hours

Any account with a bonus must achieve a specific turnover before the withdrawal is approved. That amount is unreachable, so the company will be able to withhold your funds and deny you the ability to make a withdrawal.

Customer Support – Communication Channels

You can only contact the company via mail, but they will do anything to get in touch with your social media accounts, Telegram, WhatsApp, or mail. They will give you great stories in the beginning until you make payment. After draining your bank accounts, the company will no longer be interested in contacting you again. 

Scammed by Firmon Broker? – Let Us Hear Your Story

If you know someone who Firmon broker scammed, let them know, and then let us know because we can help you restore your money! There is a way. Contact us today to book a free consultation.

Don’t let the scammers go away. You can also let us know via online chat, this method is faster, and our experienced team will give you free consultations.

What Is Firmon?

Firmon is an unlicensed broker allegedly based in Poland.

Is Firmon a Scam Broker?

Yes. The company is not licensed and provides financial services illegally.

Is Firmon Available in the United States or UK?

This broker is not available in the US, but it does provide its services in the UK.

Does Firmon Offer a Demo Account?

The company is offering six types of accounts, but none of them is a demo.

There are many things about the Inertia Finance broker that we were not satisfied with. After learning about all the problems clients experience, we’ve decided to write this Inertia Finance review and warn you about all the things you’re about to go through if you choose to invest your money with this fraudulent firm. Friendly advice at the start, don’t do it.

Is Inertia Finance Regulated? – Another Scam Company?

Inertia Finance Forex brand is owned by Tryst Consulting LLC from Saint Vincent and the Grenadines. This offshore country is probably the only place without an actual financial regulator. And that’s why being placed there means an immediate red flag.

In addition, we strongly advise you not to invest in Fin Venture Broker, TudoFX and UnionsMarket fraudulent brokers.

What’s Wrong With A Trading License?

Well, since SVG has no financial authority body, this company regulation should come from the EU, Australia, or any other country of service. Unfortunately, that’s not the case. Inertia Finance is another scam company on the market that you should avoid.

Where Is Inertia Finance Trading Scam Active?

Based on our thorough research, this company trading scam is widespread in Germany, the US, the UK, Switzerland, Italy, and Romania. And while our table at the start claims that US clients are not accepted because that’s what the disclaimer told us, it seems that this company doesn’t follow its own rules. So yes, you can be a victim wherever you are.

Also remember the names of the Morgan FX Capital, SungerFXand Crystalead trading scams and avoid them at all costs! Moreover, always check the background of online trading companies before investing!

Supported Trading Platforms – Available Trading Software

The Platform section on the website will try to convince you that you’ll be provided with a MetaTrader. Again, unfortunately, it’s a lie. You will get access to the most basic WebTrader with several charts and indicators. Far from MT4, MT5, or any reputable software.

Mobile Trading App

Inertia Finance login is possible through Android and iOS devices using the link on the broker’s website. By agreeing to invest with this firm, you should know that you’re accepting unregulated leverage of 1:100 and deciding not to know the spread or any other basic terms of investing.

Which Products Does Inertia Finance Offer?

While not offering crypto, Inertia Finance provides access to:

• Currency pairs
• Commodities
• Indices
• Shares

All the assets are available on the aforementioned WebTader with unregulated investment conditions, so once you accept it, don’t expect any regulator to reimburse you.

Inertia Finance Trading Accounts – What They Offer?

Inertia Finance account types look like a list of ways to be scammed. Here is the offer:

• Mini – $250
• Standard – $1,000
• Classic – $5,000
• VIP – $10,000
• Professional – $50,000

And what do you get for this money extortion? Nothing but higher leverage and allegedly more experienced financial advisers. If you’re willing to invest more than $250, we believe you’re a better trader than any alleged expert this fraudulent company can give.

Demo Account As a Lure

Many companies will offer you a trial account to convince you that everything is good. Inertia Finance Demo looks nice, but it’s just a trick. Once you invest real money, everything will change, and you should be aware of it.

Negative Balance Protection

Acting like it’s a big deal, the company proudly publishes that they have given you negative balance protection. It basically means that you cannot go to minus and owe the company any money if the trade goes wrong. Yet, you’re not protected from the scammer itself.

Inertia Finance Affiliate Program – Echoes of MLM Scam

Speaking of the company bonus, we found the oldest scheme of all. MLM scam. The company offers a percentage for everyone who brings more clients – friends, family, or simply promotes the company on social media. However, you should know that your percentage comes from the money people close to you are paying, so don’t rush into inviting everyone you know just yet.

Scammed By Inertia Finance Broker? – Talk To Our Recovery Experts

If you are a victim of the Inertia Finance scam, we have a way to help. Talk to our recovery specialist and learn how to get your money back before it’s too late. Contact us via online chat to book your free consultation, and let’s help you before Inertia Finance vanishes with your money.

Can I Trade Cryptocurrencies And CFDs With Inertia Finance Broker?

You can trade CFD with Inertia Finance, but they do not allow crypto trading.

Does Inertia Finance Give a Deposit Bonus When Opening an Account?

No, this broker doesn’t give a deposit bonus when opening an account.

Are My Funds Safe With Inertia Finance?

Inertia Finance is unregulated offshore broker, that’s all you should know.

As a broker on the market since 2020, HugosWay didn’t earn a good reputation. As an offshore entity, they are suspicious by default. That’s why the FSA regulator from St. Vincent and Grenadines (SVG) is guiding brokers to look for licenses from other countries. Primarily where they operate.

Besides this, the broker offers some questionable activities that are already violating many rules. Above all, reviews are another topic where almost 60% of clients had issues with this broker. Keep reading this HugosWay review to see why.

Also, remember the names of the SimpleFX, EagleFx and Kot4x trading scams and avoid them at all costs! Moreover, always check the background of online trading companies before investing!

HugosWay Is Not a Reputable Firm?

Since SVG doesn’t provide licenses for forex companies, we need to look somewhere else. For a reputable firm, we can only take ones with Tier 1 regulations. Those are FCA, BaFin and ASIC. These have very strict requirements, and not just the amount of money that you pay to get a license.

With this in mind, we checked their register to try to find the HugosWay trading company. Sadly, we couldn’t find any trace of this broker there. The first sign that this is all an investment scam. If they don’t have regulations, nobody controls their activities. Therefore, anything presented by the broker is under question.

Optimistic approach vanished since HugosWay is not regulated. Besides MT4 availability, there are no other benefits for traders with this broker. 

Trading Platform and Other Apps on HugosWay

On the positive side, HugosWay broker offers Meta Trader 4 as a trading platform. Key features of MT4 are advanced indicators, EAs and order placement tools. These all combined provide you with a secure environment for trading. Moreover, it is available for all mobile devices. 

However, brokers like HugosWay use these trusted platforms to make clients believe that their business is legitimate. Don’t fall for those tricks. Because no platform can make difference if the broker is not licensed. A platform is just software, but your money is not in software. It’s in a bank account owned by the broker.

HugosWay’s Trading Assets and Instruments

To point out, HugosWay broker covers all crucial asset classes. Traders have a variety of options to choose from. Those are:

• Forex                        AUD/CAD, USD/NZD, EUR/CZK
• Commodities         Gold, Silver, Platinum
• Indices                      AU200, FRA40, ESP35
• Shares                      Alibaba, Bayer, FedEx
• Cryptocurrencies        ADA, IOTA, TRX

With leverage up to 1:500, just have in mind that volatile assets are very dangerous for trading. The slightest swing in the asset price can wipe your account off.

HugosWay Broker’s Locations 

Based on some HugosWay reviews, we can say they are mainly scamming traders from:

• United States
• Canada
• Mexico
• Nigeria
• United Kingdom

Even though many of these countries have strict regulations, HugosWay broker doesn’t bother. They are freshly created offshore broker and it’s a matter of time before regulators will expose them.

HugosWay List of Account Types 

HugosWay broker doesn’t offer standard separation through account types. For some traders, this is not attractive to deposit more money. Simply, because you don’t get any financial benefits from that. 

The minimum deposit requirement is $10 and you can open only STP/ECN account. On the positive side, this allows you to get a tighter spread on many assets.

Can a Trader Use a Demo Account?

Even though, the HugosWay broker has a small minimum deposit requirement, they provide a demo account as well. Traders that don’t want to invest anything before testing out, you are free to do so.

Registering through an MT4 terminal, you can choose whether you are opening a live or a demo account. You will like the MT4 platform for sure, but opening a real account with a non-licensed broker is rather a bad move.

About HugosWay Terms and Conditions

 As for funding methods, traders can choose from:

• Credit/debit card
• Bank transfer
• E-payments
• Crypto wallet transfer

Before you gain trust in a broker, it is good to use trusted payment methods. Especially, debit/credit cards. In the case that something goes wrong, you can always request a chargeback. With HugosWay broker, this is the most realistic option.

Important to realize is that broker charges extremely high fees. To keep your spreads low through liquidity providers, you need to pay $5. On a round turn, it is $10. And that’s another way how the broker makes money.

Besides that, they run an affiliate program that looks like a classic MLM scheme. This is a friends-bring-friends program where you get paid for every client you bring. Don’t go for that because you won’t get any benefits. Moreover, you might ruin someone else’s life as well with this scam broker.

Leverage, Spreads and Fees

The leverage that goes up to 1:500 is already violating all possible rules. As it can go to your advantage, it can go against you. With competitive spreads from 0.9 pips, clients might think that it is a good offer. But you never know when spreads will become higher. Moreover, they charge fees for those ECN services.

Since HugosWay broker is not regulated, don’t be surprised if you hear about additional fees along the way. Scam brokers tend to make up things to extort as much money from their clients.

Scammed by a HugosWay Broker? – We Want To Hear Your Story

Many people got caught in this offshore fraud. Let us know what was your experience with them. Even if you lost money, not all hope is lost. Our specialized fund recovery team is there to advise you on your first step through a chargeback!

What Is the Chargeback Procedure?

Depending on the funding method, there are various procedures. Many of those are time-limited. Especially chargeback for the usage of a debit/credit card. Our expert team can build you a strategy to recover your lost funds.

On the contrary, if the transfer was made with crypto, it will be much harder. Luckily, our team has access to an advanced tool – CipherTrace to solve that problem as well. Get in touch today and book your free consultation!

What Is HugosWay?

This is an offshore broker operating since 2020. They provide forex and CFD services worldwide without a license for it.

Is HugosWay a Scam Broker?

Yes. Many traders have experienced issues with withdrawals and unexpected money losses with this broker. Moreover, they are not regulated at all.

Is HugosWay Available in the United States or the UK?

HugosWay broker offers services to both mentioned countries. While both countries require strict regulations, this broker doesn’t bother with that.

Does HugosWay Offer a Demo Account?

Yes. One of the few positive things about this broker. You can choose besides a real account to open a demo account through their MT4 platform.

While LiteGap’s main motto is “Maximize your earnings,” we were wondering how an unregulated shady company can promise such a thing. Therefore, we went in-depth and researched the brokerage, collecting all the relevant information, including those related to withdrawals.

Read our LiteGap review and check it out!

LiteGap Regulations and Security

LiteGap is an anonymous brand that gives no information in regards to owners, headquarters, or regulatory jurisdiction. We would guess that the company is hiding in an offshore country and running the scheme. Since this is the situation, your funds are not safe. You have no guarantees for any deposits you make or any profit you might gain in the future.

We advise you to stay away from LiteGap fraud and find a Tier1 regulated broker with an FCA, ASIC, BaFin, or similar license.

LiteGap Warnings From Financial Regulators

As LiteGap is yet another scam, no wonder authority bodies started reacting. Since the company has a special domain for French clients, AMF was the first to issue an official warning against the broker. According to their statement, LiteGap is nothing but a fraudulent domain, and all the citizens who have been scammed should file a complaint immediately.

Fund Withdrawal Issues

Since there’s no official regulator behind LiteGap broker, the company felt it could do just about anything. And when we say anything, we mean it. One of the things we’ve noticed is that the broker added the AnyDesk link to their main page. For those unfamiliar with this scam tool, AnyDesk is an app that allows the broker to connect to your PC or a laptop and access all of your information, including online banking. That’s how most brokers are stealing funds without clients noticing.

Besides, when you submit a withdrawal request, don’t expect you will actually get any funds back, as there’s nobody to supervise the broker and its legitimacy.

Traders About LiteGap Scam

Of course, among those who have the worst things to say would be traders themselves. Besides withdrawal issues, they massively complain about funds disappearing once they download AnyDesk. It looks like LiteGap is targeting elderly clients that don’t have much technical knowledge to prevent such illicit actions on their online banking.

Beware of the LiteGap scam and report any suspicious activity immediately. Also, you should avoid scam brokers such as TrampaFX, Future 500 FX and Arb-capital.

How To Know If you Have Been Scammed Online?

If you cannot withdraw your funds invested with LiteGap or any similar bogus brokerage, you should let us know immediately. We need to file a dispute and request a chargeback since there’s a deadline for such an action. Usually, you have up to 180 days since the fraudulent transaction occurred, with certain exceptions. 

Besides, if your broker is pushing you to invest more funds without any results, keeps overpromising profit, asks you to download AnyDesk, etc., it’s a sign of a scam. Let us know, and let’s protect your money before it’s too late.

Scammed by LiteGap? – Tell Us Your Story

In case you were scammed by LiteGap, let us know. You’re not the only victim of the LiteGap scam, and we need to act as fast as possible, collect the evidence, and request a chargeback.

But What Is A Chargeback?

It’s a way for your bank to reverse the transaction if you have been scammed online. Contact us via online chat, book free consultation with a chargeback specialist, and let’s get your money back now.

What is LiteGap?

LiteGap is an online trading brokerage without a proper financial license.

Is LiteGap a scam broker?

Yes, broker has been marked as a scam by the French regulator, AMF.

Is LiteGap regulated?

No, LiteGap didn’t expose any relevant information, including regulatory jurisdiction.

TRIMAMEX exchange is operated by TRIMAMEX CAPITAL LIMITED, registered in Toronto, Canada. According to the company, it is licensed in the US, Canada, and Australia.

If all that was true, the company would be highly popular and comparable to top-tier exchanges. But it’s not. That’s why it’s important to read this TRIMAMEX review carefully to avoid similar traps in the future.

Legal Info: Is TRIMAMEX Legit Or A Scam?

The only way to believe that TRIMAMEX is legit is to check its licenses. Therefore, we are checking the MSB register in the US and Canada and also AUSTRAC (Australia). But there’s one thing that exposes them before that. If the company was licensed, it would share license numbers. Of course, it didn’t.

Nevertheless, the research results prove the point. The company is nothing but a bogus scam. Even though it claims to offer a wide range of security features, most likely, none of those exist.

Who Are TRIMAMEX’s Victims?

According to the company’s domain age, this firm has been around since 2022. Surprisingly, there are no TRIMAMEX reviews anywhere. That’s why we encourage all traders with experience to share their opinions about this exchange in the comments. Especially if  they come from: 

• United States
• Canada
• Mexico
• Poland

All these countries have far better investment options than the TRIMAMEX exchange. But if you are still exploring your options, make sure to read our MWM Group and CFX Fund reviews. After all, you don’t want to be scammed in some other ways as well. 

Lastly, but most importantly, if any of these firms hold your money, feel free to contact our consultants for advice on refunds.

Leverage, Commissions, Spreads, Fees and Taxes

Another reason to avoid this exchange is its non-transparent trading conditions. Luckily, they don’t offer margin trading, so we can relax about that for a second. 

However, other fees and commissions are not disclosed, which means only one thing: you can expect manipulation. Without a license, what prevents this company from requiring you to pay any fees it wants?

Bonuses

Generally speaking, bonuses are quite rare with crypto investment firms. Especially among scamming ones. Still, if you ever get any bonus deals from any unregulated firm, make sure to check bonus conditions before accepting any money.

TRIMAMEX Trading Features

Whether you want to explore the TRIMAMEX app features or conditions, you are not in a position to do so without registration.

However, to get started, you need an invitational code. That’s also a sign the company is manipulating everyone. Most likely, they are targeting traders on social networks and Telegram to get started with them. Of course, when they present them with fictive results, it’s easy to get more referrals.

Trading Platforms Available

Unfortunately, without TRIMAMEX login credentials availability, it’s hard to explore all the platform options. Thus, with quite a poor web design, you can see briefly they only offer a web-based platform. This means the one they can manipulate and present traders with fake results.

Available Trading Assets

With all the problems mentioned, can we truly trust what this company offers? Definitely not. Therefore, whatever their offer is, traders will always be suspicious. Especially since they don’t reveal precisely what crypto assets are available. 

Current trends advertised are related to: 

• BTC
• IOTA
• NEO
• AMEX and a few more options.

Account Types

Besides non-transparent costs, the TRIMAMEX crypto exchange doesn’t even reveal minimum deposit requirements. It appears every option is on the table when they contact you.  

Mobile Trading App

Unfortunately, TRIMAMEX trade options are only available on a web-based platform. If the company were any close to legit, it would offer trusted apps. But that’s not the case here.

Demo Account

With all the hidden details, it’s not reasonable to expect a demo account to be available. Firstly, the company doesn’t want to waste time on people who don’t want to invest. Secondly, they don’t want to give you a chance to expose platform flaws and expensive costs. However, to avoid all these issues, simply opt for top-tier licensed firms.

Education

Another way to prevent traders from making smart decisions is to avoid offering any education. They can easily get scammed if they aren’t interested in learning more. And that’s the whole point of this firm. 

After all, that’s why there’s no credible educational program available.

TRIMAMEX Withdrawal

Even though the company mentions a 1,000 BTC protection fund for safety, you can forget about it. Without licenses, transparent withdrawal policies, and fees, it’s obvious what’s the company’s goal. It’s to extort as much money as possible and disappear. 

But before that happens, make sure to request a withdrawal so you can have proof of scamming activities and apply for a refund.

Customer Support

The company’s live chat feature doesn’t bring any more comfort for traders. After all, you know that behind the keyboard, it’s easy to ignore all traders who are looking for their money. 

Sadly, with only e-mail as the second option available, support appears to be a huge problem with this firm.

Key Information To Consider About TRIMAMEX

Everything comes down in the end to the TRIMAMEX withdrawal procedure. And this procedure solely depends on regulatory oversight. Since they don’t have any, you can forget about the easy process. They will keep making excuses until they pocket your money and run away.

But you can be faster and make the move first. Get in touch with our experts, use the advantage of our CipherTrace access, and track your money. Once you know where it is, you will decide whether you want to proceed with the refund. Contact us right away for the step-by-step plan.  

FAQ Section

What is TRIMAMEX?

TRIMAMEX is a company operated by TRIMAMEX CAPITAL LIMITED, a firm registered allegedly in Canada.

Is TRIMAMEX Legit?

No. With zero transparency about features, fees, and legal details, it’s clear the company is an absolute scam. On top of that, they are not licensed.

Is It Possible to Recover Stolen Crypto?

When you have access to the CipherTrace tool it is. To get started with your refund process and find your crypto, reach our refund experts today.

Crypto Lloyds is yet another online trading scam. According to our research, the company presents itself as a part of the Lloyds bank, asking customers to invest in cryptocurrencies. Don’t fall for the scheme. Read our Crypto Lloyds review and find it all out.

What About Crypto Lloyds Regulation?

Crypto Lloyds claims to be owned by Crypto Lloyds Ltd. Yet, we haven’t found such a firm in any register. In addition, the Terms and Conditions suggest that the broker belongs under Estonian governing law. Knowing Estonian reputation as an offshore zone in the middle of the EU, we don’t think that Crypto Lloyds operates legally.

Upon checking several Tier1 registers, including FCA, ASIC, and BaFin, we can safely say that Crypto Lloyds broker is an unlicensed cyber-fraud.

Additionally, we strongly advise you to avoid the fraudulent brokers 24Trades, FiboTraders, and CapitalCore.

Why Is It Important For A Broker To Be Licensed?

It’s crucial for Forex brokers to have a license so that they can ensure funds are safe. For instance, Tier1 regulators require investment firms to have a minimum capital of over 700,000 EUR at any time to reimburse potential victims.

Since Crypto Lloyds is unlicensed, you have no such guarantees.

Traders Reviews About Crypto Lloyds

You will see a surprisingly good score if you check Crypto Lloyds reviews. However, note something. All the good reviews were written at the start when the broker just started operating. Later on, real clients began posting, and their scores fell tremendously.

Here’s just one example.

“This company is a complete scam. Do not invest a cent with them. The money will disappear as soon as they realize that you made their scam.

 They claim to be based in the UK, they are in Estonia.

 Some of the previous reviews are obviously false.”

– Trustpilot Customer

So Is CapitalCore a Decent Broker or a Scam?

Crypto Lloyds broker cannot be trusted. The firm is unregulated, there is no information about the owner and it belongs under the Estonian governing law.

Crypto Lloyds Platform – WebTrader Features

The company offers a proprietary WebTrader, quite similar to other shady firms. For instance, there’s no difference between Crypto Lloyds and 24Trades, another bogus broker.

Instead of risking your funds and getting lousy software, ensure to find a legitimate brokerage providing you with a reputable platform such as MT4 or MT5.

All About Crypto Lloyds Accounts

Clients can choose among 5 Crypto Lloyds account types:

• Starter – $250
• Premium – 0.25 BTC
• Platinum – 0.5 BTC
• Diamond – 1 BTC
• Buffet Club – 25 BTC

Besides the initial deposit, accounts differ in VIP trading signals, leverage, access to trading assets, and more.

Crypto Lloyds Broker – Countries Of Service

The firm is mainly active in:

• US
• UK
• Canada
• Australia

Wherever you are, note that this firm cannot provide financial services legally as it has no license. Thus, the safest would be to avoid it.

Crypto Lloyds Range of Trading Instruments & Markets

The company’s clients can trade in several markets, including:

• Forex market
• Commodities
• Shares
• Cryptocurrencies

Also, avoid the trading frauds GulfBulls, GMGroup, and Inertia Finance at all costs! Moreover, before investing, always look into the past of internet trading firms!

Crypto Lloyds Minimum Deposit

The broker requires a pretty standard minimum deposit of $250. Yet, other accounts have high demand, depending on the BTC price. When writing this review, the Premium account required a bit over $5,000, which is not a small gap compared to the minimum deposit.

There’s no reason to involve yourself with scammers. Legitimate firms have even lower initial deposits and are far safer.

Scam Bonus Policy – As A Way To Keep Your Money

Well, here we have a malicious Bonus Policy designed to dissuade you from withdrawals. The clause states: “Unless otherwise explicitly agreed, Non-Deposited Funds are not available for withdrawal.”

Thus, profit made from the bonuses is not available for withdrawal either, and there’s no way to distinguish between money earned from your investment and the broker’s incentives.

Crypto Lloyds Unfavorable Trading Conditions

Don’t be surprised if half of your profits go to cover the firm spreads and swaps.

Leverage and Spread

While the general agreement is to provide leverage of 1:2 for the crypto market, the broker offers up to 1:20. That is 10 times more than regulators allow. Besides, the swap starts from 0.6 pips, while the spread is not specified.

Crypto Lloyds Deposit, Withdrawal Methods, and Fees

The company accepts deposits via credit cards and wire transfers. The credit card is one of the safest methods, as you’re entitled to a chargeback within up to 540 days since the fraudulent transaction occurred.

Besides, you’ll pay fees of 50 units for wire transfer withdrawals and 25 units for credit cards.

Scammed by Crypto Lloyds Broker? – Let Us Hear Your Story

If you fall victim to the Crypto Lloyds broker, let us know. Our chargeback experts are ready to hear your story. Contact us via online chat to book a free consultation and find the best refund solution for your case.

But What Is A Chargeback?

This is a way to recover your funds through the bank. Don’t waste more time. Let’s start the procedure right away and increase your chances of getting your money back!

What Is Crypto Lloyds?

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

Is Crypto Lloyds a Scam Broker?

The company falsely represents, claiming to be a UK-based firm when, in fact, it’s based in Estonia.

Is Crypto Lloyds Available in the United States or the UK?

The company provides its services in both of these countries without a proper license.

Does Crypto Lloyds Offer a Demo Account?

No, the broker Lloyds doesn’t offer a Demo account.