reviews_2022

Report a Scam and File a Chargeback UniSwap

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Should You Trade with UniSwap?

UniSwap attracts clients by inviting them to “Swap, Earn and Build” their cryptocurrency holdings through a “decentralized crypto trading protocol.” UniSwap may not be an actual scam, but it’s still important to be careful about crypto platforms. The crypto space doesn’t have clear oversight and UniSwap has been flagged by regulators because of the multiplicity of customer complaints about its service. 

We Have Found Some Problems with UniSwap

Even crypto financial services that aren’t outright frauds have caused their customers some inconvenience during the crypto crash. For instance, Celsius put a freeze on $8 billion in clients accounts claiming that “market instability” was the reason. It’s important to be careful in the crypto space, especially given the unregulated nature of the blockchain. 

Uniswap isn’t a confirmed scam, but there are complaints from customers and it’s been flagged by regulators for not having a license. We therefore don’t recommend using its service and look further to search for regulated financial services instead. 

The crypto crash has unfortunately been a teachable moment when consumers have realized it’s better to be safe than have your money with an asset that loses 2/3rds of its value in just 6 months. There are regulated brokers that offer crypto trading, and it’s better to look for those than to take chances on an unregulated platform. 

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

If you 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

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    Report a Scam and File a Chargeback SkyShell Trading

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    Should You Trade with SkyShell Trading?

    SkyShell Trading is a clone broker. This means it creates a name that is similar to a legitimate, licensed broker to give a false impression. In addition, this broker engages in bait and switch tactics. It encourages clients to open an account and claims that the basic account is free, but seven days later, it charges fees as high as 30% and claims these fees are for “tax.” Although it may say something about this in the fine print, this is clearly meant to fool clients who don’t realize how much money is going to go to the broker until it’s too late. 

    We Have Found Some Problems with SkyShell Trading

    Not surprisingly, given the practices described above, SkyShell Trading has no license. It’s never a good idea to trade with a broker that doesn’t have a license. For instance, the situation described above would be unlikely to happen if there is oversight from a regulator inspecting brokers’ practices. 

    Red Flags Concerning SkyShell Trading

    • No license
    • Bait and switch tactics
    • Clone broker
    • Lack of transparency
    • Negative reviews

    What Should You Do If You Have an Account with SkyShell Trading?

    We do not recommend opening an account with SkyShell Trading. 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  PCloudFXTrading

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      Should You Trade with PCloudFXTrading?

      PCloudFXTrading is an unlicensed broker that doesn’t give the impression of professionalism on its website. There are errors, such as bitcoin “minning” and other awkward statements. Although perfect spelling isn’t a minimal requirement for a broker, such errors do show a lack of professionalism, along with more serious red flags on the website. For instance, PCloudFXTrading claims 60% returns on $10,000 deposits and high withdrawal fees. 

      We Have Found Some Problems with PCloudFXTrading

      Guaranteed returns shouldn’t be the goal of any broker. No broker can promise that its clients will create a certain amount of profits. Another troubling detail on the website is that it says its “service is not directed at any jurisdiction.” This seems to be a roundabout way of saying that they don’t have a license in any area, which shouldn’t be something to boast of. There are enough reasons to avoid PCloudFXTrading right on its website–we recommend finding a regulated broker instead. 

      Red Flags Concerning PCloudFXTrading

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

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

      We do not recommend opening an account with PCloudFXTrading 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  AstroFX

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        Should You Trade with AstroFX?

        AstroFX is the subject of a warning from the FCA and Belize. Regulators don’t usually warn the public against a broker unless there are a large number of serious complaints against them. AstroFX has no license and doesn’t feature any information about the people who run it on the website. Prospective clients are in the dark about who is managing their money. This isn’t what you are looking for in a broker. We recommend looking elsewhere instead. 

        We Have Found Some Problems with AstroFX

        AstroFX is suspected of being a clone scam. This means that it has taken a name that is similar to a regulated broker and is trying to get customers to believe that it’s providing legitimate, licensed services. It could be that the similarity in the names is a coincidence, but usually it isn’t that. We recommend looking into reliable brokers with a license instead of trading with AstroFX. 

        Red Flags Concerning AstroFX

        • No license
        • False claims
        • Warning from the FCA and Belize authorities
        • Lack of transparency
        • Negative reviews

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

        We do not recommend opening an account with AstroFX 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 SkyRocky Crypto Ltd

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          Should You Trade with SkyRocky Crypto Ltd?

          SkyRocky Crypto Ltd is a fairly obscure broker because there is little information about it. Upon further investigation, we could find no real information about who is behind the broker, including the names and the locations of the people who run it. Additionally SkyRocky Crypto Ltd has no license and isn’t regulated. We don’t recommend any broker that doesn’t have a license. That’s because brokers that are unregulated don’t have any oversight and no advocacy for clients in case something goes wrong. 

          We Have Found Some Problems with SkyRocky Crypto Ltd. 

          In addition to not having a license, SkyRocky Crypto Ltd. also has many negative customer complaints. This should be taken very seriously because it’s direct feedback about a broker from customers. There are reports of many problems, including not allowing withdrawals, poor communication and false claims. We don’t recommend opening an account with SkyRocky Crypto Ltd.

          Red Flags Concerning SkyRocky Crypto Ltd. 

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

          What Should You Do If You Have an Account with SkyRocky Crypto Ltd. ?

          We do not recommend opening an account with SkyRocky Crypto Ltd. 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 Broker XP

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            Should You Trade with Broker XP?

            Broker XP has been the subject of an FCA and FINRA warning. This broker has no license and it is a suspected clone broker, which means they took a name similar to a regulated broker to fool people into trading with them. Broker XP is mainly promises but doesn’t provide any information about itself. This lack of transparency is a reason to suspect Broker XP. After all, if this broker were legitimate, why would it have so much to hide? 

            We Have Found Some Problems with Broker XP

            Broker XP has received many client complaints. Although many reviews are fake, these are direct complaints, rather than reviews, and certainly have gotten the attention of major regulators. We take these seriously also because they are about a broker that has no license and doesn’t reveal any information about who runs it. We therefore recommend that you research a regulated broker and open an account with them instead. 

            Red Flags Concerning Broker XP

            • No license
            • Warnings from the FCA and FINRA
            • Lack of transparency
            • Negative reviews

            What Should You Do If You Have an Account with Broker XP?

            We do not recommend opening an account with Broker XP. 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 Babel

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              Do You Want to Know If Babel Is Legitimate or a Scam? 

              When we write these reviews, we are dealing with brokers and financial services who are either making trouble or who are in trouble. Babel seems to be in the latter category. While this crypto lender may not be intentionally fraudulent or dealing in illegal activity, it is experiencing liquidity issues given the recent cryptocurrency selloff and has locked client accounts. 

              There may not have been an intention of wrongdoing, but we do find it useful to note that stories like Babel’s and Celsius’ highlight the dangers of dealing with unregulated assets, such as cryptocurrencies. The recent selloff in these assets is a signal that more needs to be done to regulate them and protect consumers. 

              However, Babel seems to be transparent with the public and the media and is taking actions to improve liquidity and release funds to its clients. However, there is no telling how long this will take, and it still is important to know what steps to take to ensure you can track your funds. 

              There Are Some Problems with Babel

              Babel was a crypto lender that used customer’s fiat currency to invest in cryptocurrency at large returns. People have apparently made actual money with Babel and it doesn’t seem to be an outright fraud, although it is dealing with the unregulated blockchain and risky assets, cryptocurrencies. Given the volatility of these assets, the recent drop in bitcoin price created a crisis for Babel, which has had to stop transactions until it can be sure it can fund client withdrawals. 

              If You Have Lost Money to Babel, Talk to Us

              We create these reviews to warn consumers about brokers and schemes that may be fraudulent. However, Babel doesn’t seem to be a fraud, but nonetheless, since it has frozen client accounts, you will want to make sure you can get hold of your funds. Contact the ChargeBax right away. We will consult with you, work to track down your funds and create investigative reports that will help you with your case.

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                Report a Scam and File a Chargeback Celsius

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                Should You Trade with Celsius? 

                How would you feel if you discovered an awesome crypto lender that claimed you would get a 30% return? What if they said they could do this because they were pioneers in decentralized finance and they didn’t have to deal with government rules or costly regulations? If you were one of Celsius’ 500,000 clients, you may be regretting your decision to open an account and also could be wondering when your funds will be available. That’s because Celsius has frozen $8 billion in customer accounts. 

                We Have Found Some Problems with Celsius

                Celsius may not be a scam, like many of the unregulated brokers and sketchy financial operations we review. However, if you decided to cast your lot with Celsius, or at least have entrusted your funds, you don’t have access to them now. Locking down funds is a tactic of a Ponzi scheme, and although Celsius may not be doing anything illegal, it did entice people into enjoying huge gains from unregulated financial services (since the blockchain isn’t regulated, it may not be bypassing any laws, but still, there isn’t any oversight). Still, you could fault Celsius for encouraging clients to take the chance in a volatile asset like cryptocurrency and now these clients don’t have access to their funds. 

                Red Flags Concerning Celsius

                Celsius has told CNBC that it isn’t insolvent and can release funds to clients if it wished. However, the steep fall in cryptocurrency and market volatility has caused Celsius to say that, at least temporarily, transactions on its platform have been stopped. It’s worth noting that other crypto banks have been fined by the SEC and states for unregistered securities. 

                 

                So is Celsius a scam or not? Does it really matter to you at this point if you can’t withdraw your funds? If you have an account with Celsius and want to locate your funds, talk to us. 

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

                We do not recommend opening an account with Celsius. 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 BrokerMajor Ltd.

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                  Should You Trade with BrokerMajor Ltd.? 

                   You may be seriously considering opening an account with BrokerMajor Ltd. Don’t!  This broker has garnered enough complaints to get the attention of UK’s FCA and Italy’s CONSOB. Both of these first-tier regulators have warned the public not to trade with BrokerMajor Ltd. It is an unlicensed broker that has received many customer complaints. It’s safe to say that any broker that is flagged by two high-profile regulators isn’t worth the risk. 

                  We Have Found Some Problems with BrokerMajor Ltd.

                  It doesn’t appear that Broker Major Ltd has any license. In addition, it doesn’t tell us anything about itself. We don’t know the names of people who run the brokerage or their credentials. Also, there are no independent reviews on the website. The dearth of information, negative customer reviews and the fact Broker Major Ltd. has been flagged by both FCA and CONSOB are enough reasons to stay away from this broker. 

                  Red Flags Concerning BrokerMajor Ltd.:

                  • No transparency
                  • No license
                  • Flagged by CONSOB and FCA
                  • Bad reviews

                  What Should You Do If You Have an Account with BrokerMajor Ltd.?

                  We do not recommend opening an account with BrokerMajor Ltd. 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.

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                    Report a Scam and File a Chargeback TradingBrokerPro

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                    Should You Trade with TradingBrokerPro? 

                    UK’s FCA and Italy’s CONSOB have warned the public about TradingBrokerPro. With this kind of warning, you’d think no one would take the risk of signing up with this broker. Unfortunately not enough people have gotten the message about this problematic broker. That is why we have made these broker reviews–to keep people from trading with fraudulent brokers. Given the high-profile warnings against TradingBrokerPro, it’s safe to say that this broker should be avoided. 

                    We Have Found Some Problems with TradingBrokerPro

                    TradingBrokerPro doesn’t have a license. This is a serious problem. A lack of license means no oversight. If something happens when you trade with TradingBrokerPro, you can’t complain to the regulator, who can suspend their license or revoke it if there are a number of complaints. The lack of transparency on this broker’s site doesn’t give us any reason to trust TradingBrokerPro. Therefore, we urge you to look for regulated brokers who have a solid reputation. 

                    Red Flags Concerning TradingBrokerPro:

                    • No transparency
                    • No license
                    • Flagged by CONSOB and FCA
                    • Bad reviews

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

                    We do not recommend opening an account with TradingBrokerPro. 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. 

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