Forex Experts sounds like a promising name for a broker. However, if these brokers are actually experts, why don’t they reveal the names of the brokers in the organization or show their credentials. In fact, Forex Experts doesn’t even have a valid licensing. This is not only a bad sign, it is a non-starter for any broker. No one should trade with an unlicensed broker. Why? Because there is no oversight if something goes wrong.
We Have Found Some Problems with Forex Experts
After a thorough investigation we could find no evidence of a license or credentials. They could be anyone, because there is no proof of their identities. Anyone can just come up with a name and claim to be a broker to encourage people to deposit money. This is the case with many unregulated fraudulent brokers. We don’t recommend trading with Forex Experts. Instead, research regulated brokers and choose one that has good credentials.
Red Flags Concerning Forex Experts:
No transparency
No license
Flagged as for lack of licensing
Bad reviews
What Should You Do If You Have an Account with Forex Experts?
We do not recommend opening an account with Forex Experts.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 professionals right away. We will investigate the matter, track down the broker and your funds, and will help you prepare your claim.
Forex iTrade has been flagged as an unauthorized broker. This means that it is either operating in an area or has clients in an area that is not covered by a license. Not only do many of the scam brokers not have a reliable license–many of them have no licenses at all. This seems to be the case with iTrade. It has been identified as problematic for not being authorized and we couldn’t find any proof of licensing.
We Have Found Some Problems with Forex iTrade
Forex iTrade doesn’t have any transparency. We don’t see who runs Forex iTrade, there is no contact information or any real description about services or terms and conditions. You shouldn’t trust your money with people if you don’t know who they are. That seems like common sense, however, brokers like iTrade often attract people who are desperate to make money. Don’t fall for it. Stay away fromForex iTrade
Red Flags Concerning Forex iTrade:
No transparency
No license
Flagged as for lack of licensing
Bad reviews
What Should You Do If You Have an Account with Forex iTrade?
We do not recommend opening an account with Forex iTrade.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 professionals right away. We will investigate the matter, track down the broker and your funds, and will help you prepare your claim.
G.C. Forex has been flagged as a clone broker scam. This means that G.C. Forex is an unregulated broker trying to pass itself off as a licensed broker. These clones adopt a similar name to a reliable broker. G.C. Forex, for instance, is trying to get customers to think it is G.C. Partners. This is an underhanded type of scam because it injures not only the customer but is harmful to the reputation of the broker it is cloning.
We Have Found Some Problems with G.C. Forex
The fact that G.C. Forex is a clone broker should be enough to keep people away. However, there are more issues with this broker. It also has no transparency, and they don’t offer any information about who runs G.C. Forex as well as terms and conditions or anything but vague statements about its services.
Red Flags Concerning G.C. Forex:
No transparency
No license
Poorly written web content
Misleading statements about licensing
Bad reviews
What Should You Do If You Have an Account with G.C. Forex?
We do not recommend opening an account with G.C. Forex. 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 our professionals right away. We will investigate the matter, track down the broker and your funds, and will help you prepare your claim.
Robbo Forex says it’s “the best.” A lot of companies and individuals claim to be “the best.” However, Robbo Forex doesn’t give us any information to back up this claim. Of course, it’s just a meaningless self-compliment–the kind we often see with unregulated and scam brokers. Not only does Robbo Forex not have a license, but it tries to mislead the public that it is regulated by
IFSC in Belize. That is worse than not having any licensing info, because it can cause consumers to have a false sense of security.
We Have Found Some Problems with Robbo Forex
There are many problems with Robbo Forex. Not having a license means that there is no oversight in case something goes wrong with a broker. Robbo Forex replaces validation, licensing and independent reviews with content fluff, meaningless statements about its services. It is impossible to know, by looking at the website, who runs Robbo Forex. A lack of transparency also makes it difficult to trust this broker.
Red Flags Concerning Robbo Forex:
No transparency
No license
Poorly written web content
Misleading statements about licensing
Bad reviews
What Should You Do If You Have an Account with Robbo Forex?
We do not recommend opening an account with Robbo Forex. 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 our professionals right away. We will investigate the matter, track down the broker and your funds, and will help you prepare your claim.
CryptoMax Inc claims that you can double your initial investment in just a week. Does this sound too exciting to resist? That’s because it isn’t true. No broker can guarantee such impossible returns. The average return from a reliable broker is under 10% annually. That gives you an idea of how absurd that promise is. In addition, CryptoMax Inc isn’t regulated. Not having a license is a huge red flag. There isn’t any reason to trust this broker.
We Have Found Some Problems with CryptoMax Inc
We have seen that CryptoMax Inc makes huge promises and touts its automatic, cutting-edge trading and yet it doesn’t have any kind of license. In addition, it has a very high leverage of 1:500. High leverage encourages people to trade on the margin, which can lead to extravagant losses. Don’t trust a broker if they try to ensure you are indebted to them–then they can deny you the right to withdraw your money.
Red Flags Concerning CryptoMax Inc:
No transparency
No license
High leverage
False guarantees of returns
Bad reviews
What Should You Do If You Have an Account with CryptoMax Inc?
We do not recommend opening an account with CryptoMax Inc. 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 our professionals right away. We will investigate the matter, track down the broker and your funds, and will help you prepare your claim.
SanderFX is an unregulated broker that claims to have 10 million clients. This is an amazing number–and inflated. SanderFX claims to be licensed by first tier brokers FCA and CySEC. It also says it is regulated by St. Vincent and the Grenadines and St. Lucia, which are third rate brokers. It turns out that SanderFX doesn’t have any of these licenses. In addition, it claims to be run by an organization Gembell Limited, which doesn’t exist. Not surprisingly it has a false address.
We Have Found Some Problems with SanderFX
After so many misleading claims, it is impossible to trust SanderFX. Even one of these problems would have been enough to avoid this broker. You should always check out and validate any claims about licensing on the regulator’s website, check addresses and company names. We can see that all of these statements fall down like a house of cards.
Red Flags Concerning SanderFX:
No license
Misleading information
Fake company and address
No transparency
Bad reviews
What Should You Do If You Have an Account with SanderFX?
We do not recommend opening an account with SanderFX 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.
FXCryptoIndex, like many other brokers we deal with, gives us little information to go on. We don’t see any information about regulation or licenses, any idea of who runs it or their credentials or independent reviews. Instead, we are entirely in the dark about FXCryptoIndex. Yes, it makes promises, but why should we believe them? Don’t believe any guaranteed returns–no broker can promise you specific percentage returns.
We Have Found Some Problems with FXCryptoIndex
Regulated brokers want people to know about them. They will show evidence of licenses, have an About Us section with names and background information of the people behind the organization. In addition, you will see independent reviews rather than fake testimonials. FXCryptoIndex doesn’t offer any of this. We don’t recommend trading with this broker. Instead, we urge you to do research on regulated brokers and find one that has the services you need and is licensed to offer those services.
Red Flags Concerning FXCryptoIndex:
No license
No contact information
No transparency
Bad reviews
What Should You Do If You Have an Account with FXCryptoIndex?
We do not recommend opening an account with FXCryptoIndex 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.
Sova Capital Limited is not a scam broker. However, Sova Capital Limited has been flagged by the FCA but not necessarily for anything it has done wrong or for behaving fraudulently. Instead, Sova Capital Limited has been flagged because it is insolvent and is under Special Administration. This is necessary at least until Sova Capital Limited recovers.
We Have Found Some Problems with Sova Capital Limited
If you research Sova Capital Limited you may notice it has an impressive website and seems to be a well-regarded broker. However, it has apparently fallen on hard times and can no longer trade on behalf of clients. We don’t have more information on how this happened. It could be that Sova Capital Limited will someday become financially stable again, but until then, don’t trade with them.
Red Flags Concerning Sova Capital Limited:
Sova Capital Limited is an example of why research is important. It’s not enough to trade with a licensed broker, but look at the media, regulator statements and other information.
What Should You Do If You Have an Account with Sova Capital Limited?
We do not recommend opening an account with Sova Capital Limited. 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.
LoanTech.Top is a problematic broker. We have plenty of negative information about it. It’s unregulated, makes impossible returns of 3% per day, has a fake address, and is suspected of running a Ponzi scheme and MLM. It is clearly just trying to attract customers long enough to encourage them to open up an account and then use these funds for their own purposes.
We Have Found Some Problems with LoanTech.Top
LoanTech.Top has many issues. It’s never a good idea to trade with an unregulated broker. In addition, it’s been flagged as a Ponzi scheme. This means it lets money go into its account, but doesn’t really trade the money, but keeps it. In addition, as an MLM, it encourages its clients to sign up other clients for its own benefit. It’s clear there is no trading going on here. Stay away from LoanTech.Top.
Red Flags Concerning LoanTech.Top:
No transparency
No license
Suspected Ponzi scheme
MLM
No contact information
Bad reviews
What Should You Do If You Have an Account with LoanTech.Top?
We do not recommend opening an account with LoanTech.Top. 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.
The FCA has flagged Capital_Brokers as a suspected clone scam. This top regulator points out that Capital_Brokers is trying to pass itself off as a regulated broker. It is trying to imitate Capital Trust Financial Management, which is an FCA regulated broker. This tactic is harmful and misleading. It harms the reputation of the broker that it is imitating, and it misleads prospective clients. It turns out Capital_Brokers has no license and has many complaints.
We Have Found Some Problems with Capital_Brokers
Clone scams are becoming more common. They require customers to look very carefully before signing up with a broker. You may think you are dealing with a regulated broker, but if you get the names confused, you could end up dealing with a broker who will not deal with you fairly. Double check and make sure you are signing up with a regulated broker.
Red Flags Concerning Capital_Brokers:
No transparency
No license
Suspected clone scam
No contact information
Bad reviews
What Should You Do If You Have an Account with CapFM.io?
We do not recommend opening an account with Capital_Brokers. 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.
