reviews

Report a Scam and File a Chargeback Against QTeck

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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

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    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

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      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

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        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

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          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

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            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

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              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

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                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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                  Report a Scam and File a Chargeback Against Wobit

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                  File a Complaint against Wobit

                  Is Wobit a Scam? 

                  Wobit is yet another broker that has jumped on the cryptocurrency trend. Many people are excited to trade cryptocurrencies because they can skyrocket in value. However, these assets should only be traded with a regulated broker with reliable reviews. Wobit does not seem to have a license, is relatively new and has many warnings and bad reviews. 

                  Is Wobit a Scam or Legit?

                  Wobit is apparently based in Amsterdam and was founded in 2021. It focuses on crypto trading. Beware of brokers that only offer high-risk trading products like crypto, forex and CFDs. They can explain away losses as the volatility of the asset. Also, avoid any broker that does not show a license from a top regulator. Wobit does not provide any visibility into who is behind it or licensing. Also, it has many bad reviews from people who say they lost money with this broker. 

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

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

                  ChargeBax experts have examined  Wobit 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 HK Kaiser Intl

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                    File a Complaint against HK Kaiser Intl

                    Is HK Kaiser Intl a Scam? 

                    This may seem like a legitimate broker because HK Kaiser Intl does sound like a legitimate broker based in Hong Kong. However, it is nothing more than a clone site of regulated Kaiser Futures Limited. The SFC or the Securities and Futures Commission of Hong Kong has raised the alarm about HK Kaiser Intl that it is a fake version of a legitimate broker. 

                    Is HK Kaiser Intl a Scam or Legit?

                    HK Kaiser Intl promises clients it trades precious metals, forex, crypto, and other assets. It claims to have flexible trading choices such as direct trading. It also warns of the risks of CFDs. However, there is no “About Us” section or any names of real people behind the site. However, the real indication it is a scam is the warning from the SFC. 

                    Here are some problems we have discovered from our research on HK Kaiser Intl and reviews:  

                    • A clone site
                    • Warning from the SFC
                    • Poorly designed site
                    • Badly worded content
                    • No visibility about who runs the service

                    ChargeBax experts have examined HK Kaiser Intl 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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