Report a Scam and File a Chargeback Against Cboexap

File a Complaint against Cboexap

Is Cboexap a Scam Broker? 

Cboexap is a broker that guarantees rich returns but does not have enough background information to justify promises. Looking at its site, there is nothing said about who is behind this broker, regulatory information or licensing, or how traders will make this money. In addition, there are bad reviews about Cboexap, and many customers have been unhappy with their experience with Cboexap. 

Is Cboexap a Scam or Legit Broker?

Cboexap is typical of many unregulated brokers because of the paucity of information and lack of visibility into how it was started. Many of these brokers are new, make money off of traders and then disappear. This may be one of many disappearing brokers and it is not worth trading with them. The lack of a license alone should be reason enough to stay away. Instead, research brokers and find one that is regulated and has a track record of satisfied customers. 

Here are some problems we have discovered from our research on Cboexap and reviews:  

  • No license
  • Lack of visibility
  • No clarity about who is behind it
  • Unrealistic promises
  • Bad reviews

ChargeBax experts have examined Cboexap and have discovered that it is a scam. If you want to trade, do some research and select only a regulated broker. If you need assistance finding a reliable broker or require fund recovery from a scam broker, consult with our professionals right away. 

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    Report a Scam and File a Chargeback Against PetronPay

    File a Complaint against PetronPay

    Is PetronPay a Scam Broker? 

    People may want to trade with PetronPay for something a bit different than the typical stocks, forex, or crypto brokers. PetronPay claims that traders can invest in petroleum and promise an extravagant 2.5% daily returns. Traders are encouraged to sign up their friends and get a portion of their returns. If this sounds like a multi-level marketing scheme, this may be right. PetronPay, under further investigation, is like an MLM and Ponzi scheme combined. 

    Is PetronPay a Scam or Legit Broker?

    PetronPay is the subject of a warning by the Swiss regulator FINMA. PetronPay claims to be based in Switzerland but has been exposed as a fraud by FINMA, so that should be enough to cause us to doubt its promises of returns. In addition, 2.5% daily means 75% a month, which is a ridiculous and impossible rate of return. PetronPay is not a reliable broker.

    Here are some problems we have discovered from our research on PetronPay and reviews:  

    • No license
    • Warning from FINMA
    • Operates like an MLM
    • Guarantees of impossible returns
    • Bad reviews

    ChargeBax experts have examined PetronPay and have discovered that it is a scam. If you want to trade, do some research and select only a regulated broker. If you need assistance finding a reliable broker or require fund recovery from a scam broker, consult with our professionals right away.

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      Report a Scam and File a Chargeback Against QTeck

      File a Complaint against QTeck

      Is QTeck a Scam Broker? 

      It is concerning when a broker offers trading services without a license. What is more troubling are brokers who claim to have a license that they don’t really have. Many traders may think that QTeck, which is based in the UK, is regulated by the FCA, but the Financial Conduct Authority released a warning about QTeck and said that it does not hold an FCA license. It is important always to validate broker claims, especially about licenses, before signing up. 

      Is QTeck a Scam or Legit Broker?

      QTeck apparently does have a license, although not from the FCA but from St. Vincent and the Grenadines. This is equivalent to having no license at all since St. Vincent and the Grenadines is the third-rate broker that provides no oversight. If there is a complaint against this broker it will most likely be ignored. 

      Here are some problems we have discovered from our research on QTeck and reviews:  

      • Low-grade license
      • False claims about FCA license
      • No clarity about who is behind it
      • Unrealistic promises
      • Bad reviews

      ChargeBax experts have examined QTeck and have discovered that it is a scam. If you want to trade, do some research and select only a regulated broker. If you need assistance finding a reliable broker or require fund recovery from a scam broker, consult with our professionals right away. 

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        Report a Scam and File a Chargeback Against Sunton Capital

        File a Complaint against Sunton Capital

        Is Sunton Capital a Scam Broker? 

        Like many other unregulated brokers, Sunton Capital makes huge promises to traders. Sunton Capital tells customers that they can make a return of 5-20% daily, which is an absurdly high amount that no broker can guarantee. It is not surprising that we could find no license for this broker, which claims to be based in the UK. All UK-based financial services must have a license from the FCA. 

        Is Sunton Capital a Scam or Legit Broker?

        There are many complaints against Sunton Capital. Some people report that after promising a huge return and signing them up, they asked the traders to deposit more money and then disappeared with the funds. This often happens with unlicensed brokers and is the reason to work only with a regulated broker. Research brokers before opening an account to ensure they hold high-quality licenses. 

        Here are some problems we have discovered from our research on Sunton Capital and reviews:  

        • Not regulated
        • No visibility about how runs it
        • Unrealistic promises and guaranteed returns
        • Bad reviews

        ChargeBax experts have examined Sunton Capital and we do not recommend opening an account with them. If you want to trade, do some research and select only a regulated broker. If you need assistance finding a reliable broker or require fund recovery from a scam broker, consult with our professionals right away. 

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          Report a Scam and File a Chargeback Against Cheonan International Limited

          File a Complaint against Cheonan International Limited

          Is Cheonan International Limited Trading a Scam? 

          Cheonan International Limited seems like an attractive opportunity. A beautiful bot invites people to open an account and promises to double their money in a few months. The bot also offers tips for trading and other perks. However, sooner or later, the service will disappear and Cheonan International Limited will close the account and won’t let customers access the site. 

          Is Cheonan International Limited a Scam or Legit?

          The story above was told by a Cheonan International Limited client and it is typical of what we hear about scam brokers. Cheonan International Limited says it is located in Hong Kong but is run by UK-based Blackwell Global Industries, which has released a statement warning people against fake brokers claiming to be run by them. This is all the more reason to stay away. 

          Here are some problems we have discovered from our research on Cheonan International Limited and reviews:  

          • Not regulated
          • Falsely claims to be run by a reputable broker
          • No contact information
          • Unrealistic promises and guaranteed returns
          • Bad reviews

          ChargeBax experts have examined Cheonan International Limited and have discovered that it is a scam. If you want to trade, do some research and select only a regulated broker. If you need assistance finding a reliable broker or require fund recovery from a scam broker, consult with our professionals right away. 

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            Report a Scam and File a Chargeback Against Teqra

            File a Complaint against Teqra

            Is Teqra Trading a Scam? 

            Teqra has an active social media presence, with regular updates and a YouTube channel. However, even with its attempts at a wide marketing reach, Teqra has not been completely successful at convincing us that it is a legitimate broker. For one thing, it doesn’t show that it has a license and its Facebook posts are in unprofessional all-caps with unrealistic guarantees.

            Is Teqra Trading a Scam or Legit?

            Teqra tries to look professional, but even its marketing shows some cracks in the foundation. The YouTube video comically has an actor mouthing words that are not coordinated with the audio. This makes it obvious that the broker is trying to hide its true identity. The second YouTube video features a real person, but its lack of a license and phrases like “auto crypto bot daily profits” on Facebook lead us to conclude it is not a reliable broker. 

            Here are some problems we have discovered from our research on Teqra and reviews:  

            • Not regulated
            • Low-quality videos and text
            • Relies on social media to get clients
            • Unrealistic promises and guaranteed returns
            • Bad reviews

            ChargeBax experts have examined Teqra and have discovered that it is a scam. If you want to trade, do some research and select only a regulated broker. If you need assistance finding a reliable broker or require fund recovery from a scam broker, consult with our professionals right away.

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              Report a Scam and File a Chargeback Against RSQ Trading

              File a Complaint against RSQ Tradingt Global Limited

              Is RSQ Trading a Scam? 

              RSQ says it is based in the United Kingdom, but it does not have a license from the FCA. All financial services companies in the UK must have an FCA license, but RSQ Trading apparently has no license. The website seems as if it was copied and pasted from other sites. It provides very little information but its spread on the USD/EUR is 3 pips which is high and expensive for customers.

              Is RSQ Trading a Scam or Legit?

              RSQ Trading says it offers trading of forex, commodities, cryptocurrencies, indices, stocks, and forex. Instead of a license RSQ Trading employs a trick often used by scam brokers. There is a statement that says traders must be authorized to trade in certain areas. They put the burden on the trader, not on themselves, to be legal and try to avoid litigation in this way. 

              Here are some problems we have discovered from our research on RSQ Trading and reviews:  

              • Not regulated
              • Bad reviews
              • High spreads
              • Pushes responsibility for regulations off onto the customer

              ChargeBax experts have examined RSQ Trading and have discovered that it is a scam. If you want to trade, do some research and select only a regulated broker. If you need assistance finding a reliable broker or require fund recovery from a scam broker, consult with our professionals right away. 

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                Report a Scam and File a Chargeback Against Select Global Limited

                File a Complaint against Select Global Limited

                Is Ideex a Scam? 

                Select Global Limited is a rather generic-sounding name. It is common for unregulated brokers to have a name that sounds typical of a financial service and yet not quite real. Select Global Limited does not have a license which is the main reason to avoid opening an account. We do not recommend working with any broker that does not have a license or holds a license from a third-rate regulator. 

                Is Ideex a Scam or Legit?

                The website has very little information. This is not a good sign. It is impossible to do proper research on a broker with no information on the site about payment methods, spreads, commission, and other trading conditions. We were able to determine that Select Global Limited offers MetaTrader 5, but aside from that, the site doesn’t tell us much.

                Here are some problems we have discovered from our research on Select Global: 

                • Not regulated
                • Bad reviews
                • No visibility into who is behind it
                • Very little information on the site

                ChargeBax experts have examined Select Global Limited and have concluded it seems like a scam. If you want to trade, do some research and select only a regulated broker. If you need assistance finding a reliable broker or require fund recovery from a scam broker, consult with our professionals right away. 

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                  Report a Scam and File a Chargeback Against CitzurnFX

                  File a Complaint against CitzurnFX

                  Is CitzurnFXa Scam? 

                  CitzurnFX is another forex broker that doesn’t provide very much information about itself. It should be noted that reliable brokers show their licenses and want to give prospective clients a full picture of their services and their staff. We could not find very much about CitzurnFX, except that it does not seem to have a license and there are some negative reviews. Before opening an account with a broker, ensure they have a trustworthy license. 

                  Is Ideex a Scam or Legit?

                  If the information about a broker is either negative or not available, that is obviously not a good sign. In general, it is not a good idea to work with a broker that is not regulated and does not provide full disclosure about who they are and what services they provide. We recommend looking for another broker and not opening an account with CitzurnFX. 

                  Here are some problems we have discovered from our research on CitzurnFX and reviews:  

                  • Not regulated
                  • Bad reviews
                  • No visibility into who is behind it
                  • Focuses on high-risk assets

                  ChargeBax experts have examined CitzurnFX and have discovered that it is a scam. If you want to trade, do some research and select only a regulated broker. If you need assistance finding a reliable broker or require fund recovery from a scam broker, consult with our professionals right away. 

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                    Report a Scam and File a Chargeback Against Ideex

                    File a Complaint against Ideex

                    Is Ideex a Scam? 

                    Ideex claims to be the “world’s leading” crypto platform. This should be a warning right from the beginning because extravagant language like this is often an indication of a shady broker. More worrying is that Ideex highlights its social media presence, and does not seem to have a real license. Working with brokers that do not tell you who they are and do not have a license is not recommended. Ideex should make anyone suspicious. 

                    Is Ideex a Scam or Legit?

                    Although Ideex makes confident claims and has a presence on Facebook and Instagram, that does not provide validity. Researching brokers means looking for a top-tier license from a reliable regulator. Anything short of that is frankly not worth it. Ideex provides no proof of its validity including the identities of people behind it or a license. Therefore, we do not recommend opening an account with Ideex.

                    Here are some problems we have discovered from our research on Ideex and reviews:  

                    • Not regulated
                    • No visibility into who is behind it
                    • Many bad reviews
                    • Only high-risk assets

                    ChargeBax experts have examined Ideex and have concluded that it seems like a scam. If you want to trade, do some research and select only a regulated broker. If you need assistance finding a reliable broker or require fund recovery from a scam broker, consult with our professionals right away. 

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