Report a Scam and File a Chargeback COTP

Should You Trade with COTP?

COTP tells prospective customers that it offers trading that can serve as passive income. It is allegedly an MLM or a multi-level marketing operation that encourages people to recruit others for a fake service. It also says it has a license from FINCEN, but it is actually fake, which is another reason not to trust COTP. 

We Have Found Some Problems with COTP

COTP claims to give its customers a 4% ROI. This is a sign of a possible scam. No reliable brokers will promise specific returns from trading. There is no way any brokers can guarantee returns, and if a broker does, then stay away. It’s important to be able to recognize signs of possible fraud, and COTP shows several red flags. First of all, it has no license, it aggressively recruits clients for a service that doesn’t really involve any trading. In addition, COTP fakes its licensing and makes false guarantees of returns. 

Red Flags Concerning COTP

  • No license

  • False claims
  • No transparency
  • Negative reviews

What Should You Do If You Have an Account with COTP?

We do not recommend opening an account with COTP. If you do hold an account with this broker, close it right away and ask for a withdrawal of your funds. If the broker will not allow you to retrieve your funds, talk to ChargeBax professionals right away. We will investigate the matter, track down the broker and your funds, and will help you prepare your claim.

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    Report a Scam and File a Chargeback StablecoinsUS

    Should You Trade with StablecoinsUS?

    StablecoinsUS gets its name from Stablecoins–which are cryptocurrencies that are levered to a commodity or currency so that it at least has underlying value. This financial service takes  the name StablecoinsUS to be associated with stablecoins and give the illusion of stability. The recent selloff in digital currencies, however, shows that even stablecoins may not necessarily be stable and are quite volatile assets. 

    We Have Found Some Problems with StablecoinsUS

    StablecoinsUS likes to give visitors to its website the impression of stability, but in fact it provides no protection to customers because it has no license. For instance, it says it offers secure trading, but this has to do with cybersecurity and not licensing. It also says it has licensed software, but this isn’t the same as having a license to run a financial service. StablecoinsUS has no license, despite what it’s trying to claim. We recommend that you avoid this broker and instead look for a regulated broker. 

    Red Flags Concerning StablecoinsUS

    • No license

    • False claims
    • No transparency
    • Negative reviews

    What Should You Do If You Have an Account with StablecoinsUS?

    We do not recommend opening an account with StablecoinsUS. If you do hold an account with this broker, close it right away and ask for a withdrawal of your funds. If the broker will not allow you to retrieve your funds, talk to ChargeBax professionals right away. We will investigate the matter, track down the broker and your funds, and will help you prepare your claim.

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      Report a Scam and File a Chargeback Cryptospair

      Should You Trade with Cryptospair?

      Cryptospair claims to have licensing in 32 countries. That’s a lot of countries. Cryptospair would need to have many, many licenses to operate legally in 32 countries, but it turns out that it can’t show even one license. This is a sign that Cryptospair isn’t regulated at all. There have been significant complaints about Cryptospair. Customers claim that the broker keeps putting pressure on them to make more deposits and in the end won’t let them make withdrawals. 

      We Have Found Some Problems with Cryptospair

      This broker has a very low trust rating as well as no license. Cryptospair doesn’t tell us about who runs this broker or their credentials. This lack of transparency is suspicious–any legal and reliable broker would be forthcoming with information about itself. Therefore, it’s clear that Cryptospair doesn’t give its prospective clients enough information to trust them. That’s reason enough to stay away from this broker. 

      Red Flags Concerning Cryptospair

      • No license
      • False claims
      • No transparency
      • Negative reviews

      What Should You Do If You Have an Account with Cryptospair?

      We do not recommend opening an account with Cryptospair. If you do hold an account with this broker, close it right away and ask for a withdrawal of your funds. If the broker will not allow you to retrieve your funds, talk to ChargeBax professionals right away. We will investigate the matter, track down the broker and your funds, and will help you prepare your claim.

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        Report a Scam and File a Chargeback 24CryptoBuzz

        Should You Trade with 24CryptoBuzz?

        24CryptoBuzz is eager to try to prove that it makes trading easy. In fact, it says you can start trading in 3 easy steps–opening an account, making a deposit and trading. Does it sound easy enough? The problem is that,in addition, there is no evidence of a license and 24CryptoBuzz has been flagged by the FCA. There are many statements that make no sense on the website. For instance, 24CryptoBuzz says it provides “the best conditions for financial specialists,” whatever that is supposed to mean. 

        We Have Found Some Problems with 24CryptoBuzz

        24CryptoBuzz claims to have made $5 billion in transactions and $3 billion in withdrawals. This is a huge amount and seems exaggerated. The biggest tip off that this isn’t a real broker is that it claims to be staffed with “financial specialists from Great England.” It seems they can’t even get the name of the country they claim to be based in correct–they meant Great Britain. 

        Red Flags Concerning 24CryptoBuzz

        • No license
        • Poor website content
        • False claims
        • No transparency
        • Negative reviews

        What Should You Do If You Have an Account with 24CryptoBuzz?

        We do not recommend opening an account with 24CryptoBuzz If you do hold an account with this broker, close it right away and ask for a withdrawal of your funds. If the broker will not allow you to retrieve your funds, talk to ChargeBax professionals right away. We will investigate the matter, track down the broker and your funds, and will help you prepare your claim.

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          Report a Scam and File a Chargeback Swapnex.io

          Should You Trade with Swapnex.io?

          Swapnex.io claims to offer passive income. This is deceptive, because no traders should be encouraged to give up their day jobs. This seems designed to attract desperate people who probably think they can make a job out of trading. This isn’t helped by false guarantees that Swapnex.io gives specific returns. No broker should be promising actual numbers and percentages of returns from trading. 

          We Have Found Some Problems with Swapnex.io

          The main problem with Swapnex.io is that it has no license and no transparency. Every broker should have a current license from a reliable regulator, but Swapnex.io lacks this. 

          Without a license, there is no oversight or assistance for consumers who have complaints about brokers. This creates a significant problem for people who are looking for a safe place to trade assets. Therefore, we don’t think you should open an account with Swapnex.io and instead recommend opening an account with a licensed broker. 

          Red Flags Concerning Swapnex.io

          • No license
          • False claims
          • No transparency
          • Negative reviews

          What Should You Do If You Have an Account with Swapnex.io?

          We do not recommend opening an account with Swapnex.io If you do hold an account with this broker, close it right away and ask for a withdrawal of your funds. If the broker will not allow you to retrieve your funds, talk to ChargeBax professionals right away. We will investigate the matter, track down the broker and your funds, and will help you prepare your claim.

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            Report a Scam and File a Chargeback InfinityEx.cc

            Should You Trade with InfinityEx.cc?

            InfinityEx.cc has a pretty name, but it will take an infinite amount of time to find out enough information about this broker. There is very little transparently and it appears that InfinityEx.cc doesn’t have a license. Why is this a big deal? Because without a regulator,  there is no oversight for brokers and they can get away with shady practices. Scam brokers may believe they get away with it, but our investigators know how to catch the most crafty broker  scams. 

            We Have Found Some Problems with InfinityEx.cc

            Having a reliable website seems to be a luxury, but for a business, time is of the essence. Make sure you find others who may have had the same or similar problems with a lawyer. Find your niche and the people who can get behind you and catch the perpetrators of cyber crime. At Chargebax, we have your back and will help you combat cyber trading frauds. 

            Red Flags Concerning InfinityEx.cc

            • No license
            • False claims
            • Poorly written content
            • Discontinued service
            • Negative reviews

            What Should You Do If You Have an Account with InfinityEx.cc?

            We do not recommend opening an account with InfinityEx.cc If you do hold an account with this broker, close it right away and ask for a withdrawal of your funds. If the broker will not allow you to retrieve your funds, talk to ChargeBax professionals right away. We will investigate the matter, track down the broker and your funds, and will help you prepare your claim. 

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              Report a Scam and File a Chargeback EminiFX

              Should You Trade with EminiFX?

              EminiFX has plenty of information surrounding it. Unlike many of the brokers we review, there was a lot to find out, but not for a good reason. EminiFX was the target of a cease and desist order from the U.S. District Court in a case introduced by the Commodity Futures Trading Commission. This means EminiFX isn’t supposed to be operating, but if they do try to let you trade, they are not obeying the order. EminiFX is a suspected Ponzi scheme and was written about in The Washington Post. 

              We Have Found Some Problems with EminiFX

              This well-reported scam involved a broker that isn’t licensed. The broker was involved in commodities fraud and wire fraud. This is serious, but it isn’t unheard of for brokers to resurface after facing legal penalties. That’s why it’s important to keep the EminiFX name in mind and avoid this broker if you see them online in the future. 

              Red Flags Concerning EminiFX

              • No license
              • False claims
              • Legal problems
              • Suspected Ponzi schemes
              • Bad press
              • Negative reviews

              What Should You Do If You Have an Account with EminiFX?

              We do not recommend opening an account with Stablegains If you do hold an account with this broker, close it right away and ask for a withdrawal of your funds. If the broker will not allow you to retrieve your funds, talk to ChargeBax professionals right away. We will investigate the matter, track down the broker and your funds, and will help you prepare your claim.

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                Report a Scam and File a Chargeback Stablegains

                Should You Trade with Stablegains?

                Stablegains’ name should inspire confidence. Unfortunately, its lack of a license and no transparency does the exact opposite. Be suspicious of Stablegains, because it doesn’t show any licensing information and has poor, unprofessional website content with phrases like,”backed by experienced investors.”One would hope that investors are experienced. Obviously, Stablegains isn’t looking for experienced investors, because they are an unconvincing financial service. 

                We Have Found Some Problems with Stablegains

                Stablegains is not licensed, although it claims to be regulated by FINCEN. However, we have found that this isn’t true and just a ploy to get customers to believe them. There is a message on the website that Stablegains is discontinuing service. It’s important to know this, because often when service returns, prospective clients don’t know if the broker’s past problems. Look into Stablegains, and you’ll find reasons to stay away. With this many red flags, we can’t recommend taking a chance with Stablegains. 

                Red Flags Concerning Stablegains

                • No license
                • False claims
                • Poorly written content
                • Discontinued service
                • Negative reviews

                What Should You Do If You Have an Account with Stablegains?

                We do not recommend opening an account with Stablegains If you do hold an account with this broker, close it right away and ask for a withdrawal of your funds. If the broker will not allow you to retrieve your funds, talk to ChargeBax professionals right away. We will investigate the matter, track down the broker and your funds, and will help you prepare your claim. 

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                  Report a Scam and File a Chargeback MetaTradeFirm.com

                  Should You Trade with MetaTradeFirm.com?

                  MetaTradeFirm.com also has another name–HSFXTrade. Having several names isn’t a good sign. It’s like an alias used by a dodgy operation. In addition, MetaTradeFirm.com has no license. It’s not worth trusting an unregulated broker. Also, MetaTradeFirm.com guarantees returns in the double digits,from 20% to 100% depending on the amount of money deposited. This broker demands $1,000 as a minimum deposit on accounts, which is 10 times more than the average minimum. 

                  We Have Found Some Problems with MetaTradeFirm.com

                  MetaTradeFirm.com demands its clients make deposits into their accounts only through cryptocurrency. A reliable broker should offer several payment options, including credit cards or online payment platforms. These can be traced easily and chargebacks are available through a third party. The fact that MetaTradeFirm.com demands only cryptocurrencies demonstrates they prefer having clients’ money deposited in anonymous bitcoin wallet. 

                  Red Flags Concerning MetaTradeFirm.com

                  • No license
                  • False claims
                  • High minimum 
                  • Has an alias 
                  • Negative reviews

                  What Should You Do If You Have an Account with MetaTradeFirm.com?

                  We do not recommend opening an account with MetaTradeFirm.com If you do hold an account with this broker, close it right away and ask for a withdrawal of your funds. If the broker will not allow you to retrieve your funds, talk to ChargeBax professionals right away. We will investigate the matter, track down the broker and your funds, and will help you prepare your claim.

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                    Report a Scam and File a Chargeback Xasic.io

                    Should You Trade with Xasic.io?

                    Trading can be exciting, but stay cool when it comes to enthusiastic promises. There are many fraudulent online trading outfits,and it seems that Xasic.io is one of them. This broker has no license and is a suspected Ponzi scheme. One giveaway is that they promise 99% returns, which is unrealistically high. This operation says it offers cloud mining, but it seems to be pocketing clients’ funds. 

                    We Have Found Some Problems with Xasic.io

                    There are many takeaways from Xasic.io’s story. First, don’t trust brokers who don’t have licenses. Any legitimate broker would be eager to have oversight to prove they are reliable. Secondly, Xasic.io has been flagged as a  Ponzi scheme, which means it doesn’t offer any services but lines its wallet with customer’s money. Third, its guarantees are unrealistic and can’t be reliable. For all of these reasons, we suggest staying away from Xasic.io. 

                    Red Flags Concerning Xasic.io

                    • No license
                    • False claims
                    • Suspected Ponzi scheme
                    • Lack of transparency
                    • Negative reviews

                    What Should You Do If You Have an Account with Xasic.io

                    We do not recommend opening an account with Xasic.io If you do hold an account with this broker, close it right away and ask for a withdrawal of your funds. If the broker will not allow you to retrieve your funds, talk to ChargeBax professionals right away. We will investigate the matter, track down the broker and your funds, and will help you prepare your claim.

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