reviews_2022

Department of Financial Conduct Review – Report a Scam

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Department of Financial Conduct Review – Report a Scam

You want to get started trading but have been warned about the many forex scams out there. Fraudulent brokers are no longer as obvious to spot as they once were. That is why we have written this review to alert you that Department of Financial Conduct is on our radar as potentially problematic. 

It isn’t just newbie traders that become targets of fraudulent forex brokers. Thanks to technological advances, almost anyone can falsify identities, credentials and licenses and swindle both beginning and advanced traders. We have looked carefully at Department of Financial Conduct and have found numerous inconsistencies and problems that send the message, “Stay away!”

There is a world of difference between expert reviews created by our team with years’ experience investigating investment frauds and reviews by so-called customers you may find on some sites. Many of these reviews are not created by customers, but by employees who want to boost or bust a competing broker’s reputation. 

Instead, we are adept at evaluating brokers and have a long track record of alerting the public to potential scams. Many of the brokers we have warned the public about turned out to have been frauds and some are facing criminal prosecution. If you have lost money to Department of Financial Conduct or another trading scheme, contact our experts immediately. 

Chargebax is staffed with professionals who will work on your behalf to improve your chances of getting your money back. We have extensive experience with the chargeback process, wire recall, crypto recovery, and intelligence reports and are experts at dealing with all types of scams and winning disputes with merchants and brokers.

The Problem of Scam Brokers

Online trading, along with internet activity in general, has increased dramatically in the past few years. The pandemic, financial insecurity, and more internet activity formed a perfect storm that fueled the online trading trend that has been unstoppable and doesn’t look ready to end anytime soon. 

The online trading market is expected to reach $12.6 billion in 2022. With the increased enthusiasm for online trading, more scam brokers pop up. Fraudulent schemes always seem to attach themselves to trends, like forex trading. 

We believe that Department of Financial Conduct is taking advantage of customers and providing fake services as a way of taking money from the public. We did not come across Department of Financial Conduct randomly, but used specialized tools to research brokers that have been flagged on suspicion for wrongdoing. 

All or some of the following red flags have been raised regarding Department of Financial Conduct

Do These Problems Describe Department of Financial Conduct?

No License

The first thing you should check for before signing up with any broker is if they have a license. It is bad enough when a broker tries to deceive customers with a third-rate license, but not even bothering to get any license at all is a sign of bad faith or at the very least indifference toward their customers. 

What would happen if you get into a taxi cab and discovered the driver had no license to operate a vehicle? The only sensible reaction would be to get out of the car. Therefore, if Department of Financial Conduct has no license, if they are falsely claiming to have a license, or if they have had their license revoked, request a withdrawal immediately and contact us. 

Offshore License

You might have checked that Department of Financial Conduct has a license and feel secure that they are indeed regulated. However, that could be a false sense of security if it is an off-shore license. As important as having a license is holding a top-rated license. The FCA in the United Kingdom, the SEC in the U.S., and ASIC in Australia are examples of first-rate licenses. 

However, so-called regulatory bodies that are not on lists of official regulators issue licenses that are only a fig leaf to cover over dodgy practices. Many fraudulent forex brokers obtain these licenses for a fee, but the regulator does not provide any oversight or protection for customers. If Department of Financial Conduct has an offshore license, do not open an account with them. 

Negative Reputation

Not all customer review sites are as trustworthy as expert reviews, but if there is a huge number of negative reviews alleging the same thing, that is not a good sign. If you research Department of Financial Conduct only to be bombarded with reviews from unsatisfied customers and negative news on the web as well as conversations on social media about the broker engaging in shady practices, be warned. 

Non-Compliance

If Department of Financial Conduct offers trading services in areas where they are not licensed or does not follow the rules in the region they are operating, they have most likely been flagged for non-compliance. Never trust a broker who bends the rules, because they are not likely to respect their customers any more than they respect the law. 

Official Warnings

If a top regulator, such as the SEC or the FCA has warned the public against Department of Financial Conduct, do not take a chance. There are thousands of brokers and the fact that this one name has gotten the negative attention of a government regulator means that there must have been a substantial number of complaints or illegal activities to have warranted this kind of attention. Cross Department of Financial Conduct off your list if they have been the subject of a warning. 

If you notice Department of Financial Conduct doing any of the following, contact us to file a complaint. 

  • Unregulated broker
  • Promises of huge returns
  • Aggressive manner
  • No contact information
  • Very little transparency
  • Large fees or commissions
  • Does not allow withdrawals
  • Stops communication

What If You Have An Account with Department of Financial Conduct? 

If you have traded money with Department of Financial Conduct withdraw your money immediately. If Department of Financial Conduct won’t allow you to withdraw your money, seek assistance from Chargebax experts right away. 

Chargebax Professionals Will Help You Survive a Forex Fraud

You can increase your likelihood of winning a claim if you have sufficient evidence and the help of our excellent financial service. Chargebax professionals will guide you on preparing your case and will assist you with fund recovery. We have combined decades of experience dealing with hundreds of financial institutions.

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    Cloudinmine Review – Report a Scam

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    Cloudinmine Review – Report a Scam

    You want to get started trading but have been warned about the many forex scams out there. Fraudulent brokers are no longer as obvious to spot as they once were. That is why we have written this review to alert you that Cloudinmine is on our radar as potentially problematic. 

    It isn’t just newbie traders that become targets of fraudulent forex brokers. Thanks to technological advances, almost anyone can falsify identities, credentials and licenses and swindle both beginning and advanced traders. We have looked carefully at Cloudinmine and have found numerous inconsistencies and problems that send the message, “Stay away!”

    There is a world of difference between expert reviews created by our team with years’ experience investigating investment frauds and reviews by so-called customers you may find on some sites. Many of these reviews are not created by customers, but by employees who want to boost or bust a competing broker’s reputation. 

    Instead, we are adept at evaluating brokers and have a long track record of alerting the public to potential scams. Many of the brokers we have warned the public about turned out to have been frauds and some are facing criminal prosecution. If you have lost money to Cloudinmine or another trading scheme, contact our experts immediately. 

    Chargebax is staffed with professionals who will work on your behalf to improve your chances of getting your money back. We have extensive experience with the chargeback process, wire recall, crypto recovery, and intelligence reports and are experts at dealing with all types of scams and winning disputes with merchants and brokers.

    The Problem of Scam Brokers

    Online trading, along with internet activity in general, has increased dramatically in the past few years. The pandemic, financial insecurity, and more internet activity formed a perfect storm that fueled the online trading trend that has been unstoppable and doesn’t look ready to end anytime soon. 

    The online trading market is expected to reach $12.6 billion in 2022. With the increased enthusiasm for online trading, more scam brokers pop up. Fraudulent schemes always seem to attach themselves to trends, like forex trading. 

    We believe that Cloudinmine is taking advantage of customers and providing fake services as a way of taking money from the public. We did not come across Cloudinmine randomly, but used specialized tools to research brokers that have been flagged on suspicion for wrongdoing. 

    All or some of the following red flags have been raised regarding Cloudinmine

    Do These Problems Describe Cloudinmine?

    No License

    The first thing you should check for before signing up with any broker is if they have a license. It is bad enough when a broker tries to deceive customers with a third-rate license, but not even bothering to get any license at all is a sign of bad faith or at the very least indifference toward their customers. 

    What would happen if you get into a taxi cab and discovered the driver had no license to operate a vehicle? The only sensible reaction would be to get out of the car. Therefore, if Cloudinmine has no license, if they are falsely claiming to have a license, or if they have had their license revoked, request a withdrawal immediately and contact us. 

    Offshore License

    You might have checked that Cloudinmine has a license and feel secure that they are indeed regulated. However, that could be a false sense of security if it is an off-shore license. As important as having a license is holding a top-rated license. The FCA in the United Kingdom, the SEC in the U.S., and ASIC in Australia are examples of first-rate licenses. 

    However, so-called regulatory bodies that are not on lists of official regulators issue licenses that are only a fig leaf to cover over dodgy practices. Many fraudulent forex brokers obtain these licenses for a fee, but the regulator does not provide any oversight or protection for customers. If Cloudinmine has an offshore license, do not open an account with them. 

    Negative Reputation

    Not all customer review sites are as trustworthy as expert reviews, but if there is a huge number of negative reviews alleging the same thing, that is not a good sign. If you research Cloudinmine only to be bombarded with reviews from unsatisfied customers and negative news on the web as well as conversations on social media about the broker engaging in shady practices, be warned. 

    Non-Compliance

    If Cloudinmine offers trading services in areas where they are not licensed or does not follow the rules in the region they are operating, they have most likely been flagged for non-compliance. Never trust a broker who bends the rules, because they are not likely to respect their customers any more than they respect the law. 

    Official Warnings

    If a top regulator, such as the SEC or the FCA has warned the public against Cloudinmine, do not take a chance. There are thousands of brokers and the fact that this one name has gotten the negative attention of a government regulator means that there must have been a substantial number of complaints or illegal activities to have warranted this kind of attention. Cross Cloudinmine off your list if they have been the subject of a warning. 

    If you notice Cloudinmine doing any of the following, contact us to file a complaint. 

    • Unregulated broker
    • Promises of huge returns
    • Aggressive manner
    • No contact information
    • Very little transparency
    • Large fees or commissions
    • Does not allow withdrawals
    • Stops communication

    What If You Have An Account with Cloudinmine? 

    If you have traded money with Cloudinmine withdraw your money immediately. If Cloudinmine won’t allow you to withdraw your money, seek assistance from Chargebax experts right away. 

    Chargebax Professionals Will Help You Survive a Forex Fraud

    You can increase your likelihood of winning a claim if you have sufficient evidence and the help of our excellent financial service. Chargebax professionals will guide you on preparing your case and will assist you with fund recovery. We have combined decades of experience dealing with hundreds of financial institutions.

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      Report a Scam and File a Chargeback Zhong Huang

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      Should You Trade with Zhong Huang? 

      Zhong Huang is an unregulated financial operation that engages in spam and other underhanded tactics to get clients. They are not regulated and have been known to get people’s numbers on Whatsapp, pretend to make a mistake texting people and then offer a trading deal. This is obviously not the way a regulated broker should try to get customers, but Zhong Huang relies on these methods. 

      We Have Found Some Problems with Zhong Huang

      Regulated brokers should not be searching for clients through spam emails and Whatsapp messages. We could not find out who was behind Zhong Huang and what their credentials are. The lack of transparency is a reason to stay away from brokers like this. We suggest that you look for regulated brokers and do thorough research before signing up for trading services. Look carefully at who is running the brokerage and what their credentials are. 

      Here Are Some Zhong Huang Red Flags:

      • No transparency
      • Spammy techniques
      • No contact information
      • Not regulated
      • Bad reviews

      What Should You Do If You Have an Account with Zhong Huang?

      We do not recommend opening an account with Zhong Huang 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 SICH Capital

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        Should You Trade with SICH Capital? 

        The SICH Capital website is full of typos and fluff. Although website content is not the most important consideration when it comes to researching prospective brokers, it can indicate a lack of professionalism. Sometimes poor website design or content can be a tip-off that something else is wrong. For instance, if the content doesn’t make it seem that those behind the site know what they are talking about, that is a reason to stay away. 

        We Have Found Some Problems with SICH Capital

        For instance, the SICH Capital website has the phrase, “A team of experienced managers from the trading industry.” Of course, brokers should be experienced and be in the trading industry. It is a sign that whoever wrote it does not know what they are talking about. In addition, SICH Capital claims to be based in Australia, and yet doesn’t have a license with the ASIC. The lack of proper licensing is another reason not to trade with SICH Capital. 

        Here Are Some SICH Capital Red Flags:

        • No transparency
        • Fluffy and poor content
        • No contact information
        • Not regulated
        • Bad reviews

        What Should You Do If You Have an Account with SICH Capital?

        We do not recommend opening an account with SICH Capital. 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 FuturesTrade-io

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          Should You Trade with FuturesTrade-io? 

          FuturesTrade-io is one of those brokers that demonstrates the importance of doing full research into financial services. It promises its clients a 3% return a day. This is impossible and it is always a red flag when a broker guarantees returns. Investing involves uncertainty, particularly with high-risk assets such as forex and cryptocurrency, and to promise returns is dishonest, to say the least. 

          We Have Found Some Problems with FuturesTrade-io

          FuturesTrade-io is a suspected Ponzi scheme. This means that it does no trading but uses client money to fund withdrawals. They provide no contact information, but when we did some research, we discovered that the actual people behind FuturesTrade-io have been charged with fraud in the past. Therefore, it is safe to say that FuturesTrade-io is a no-go. Always research brokers before signing up with them, and you may find out some essential information that can protect you. 

          Here Are Some FuturesTrade-io Flags:

          • No transparency
          • False guarantees
          • People behind it have a history of fraud
          • Not regulated
          • Suspected Ponzi scheme

          What Should You Do If You Have an Account with FuturesTrade-io?

          We do not recommend opening an account with FuturesTrade-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 SwiftFX

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            Should You Trade with SwiftFX? 

            SwiftFX seems like a regular broker that offers usual trading services, such as forex and other assets, but it should not be relied upon because it is unregulated. In addition, it urges ts clients to use automated trading software, which is not always the sign of a scam, but given the lack of transparency and a license, it is likely to be fake trading software that may fool users into thinking they are actually trading or may rob them of data. 

            We Have Found Some Problems with SwiftFX

            The main problem with SwiftFX is its lack of a license. It is important that every financial service be regulated to provide oversight to clients in case the service turns out to be a fraud or if there is a broker dispute. Without a regulator, the customer has little recourse. Beware of unlicensed brokers that push automated software. These are often traps and steal information from users. 

            Here Are Some SwiftFX Red Flags:

            • No transparency
            • Suspicious automated trading software
            • No contact information
            • Not regulated
            • Bad reviews

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

            We do not recommend opening an account with SwiftFX. 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 WillFX

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              Should You Trade with WillFX? 

              The first impression many people get of a broker is its website. WillFX does not have a very organized or professional-looking website design, but that is not the main problem with WillFX. This broker does not seem to be regulated and provides very little information about itself. A lack of transparency and no information are red flags that may signal an unreliable broker. 

              We Have Found Some Problems with WillFX

              After some research, we did not find any reason to trust this broker. There is no license, which means no oversight in case something should go wrong or if there is a dispute. In addition, a poor website design is not the most important issue, but it does reflect on the broker’s lack of professionalism. There are many regulated brokers to choose from that have good reviews and a reputation for reliability. 

              Here Are Some WillFX Red Flags:

              • No transparency
              • Poor website
              • No contact information
              • Not regulated
              • Bad reviews

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

              We do not recommend opening an account with WillFX. 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 Yllglobal

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                Should You Trade with Yllglobal? 

                Yllglobal is a broker that offers very little information about itself. That is not a good sign, because every broker should let visitors to the site know that they are licensed, who runs the brokerage and where it is located. People who want to sign up with a broker should do thorough research and find more information about a broker on the web. A reliable broker should want people to do research and not hide this information. 

                We Have Found Some Problems with Yllglobal

                The problem with Yllglobal is a lack of transparency. There is no indication of who is running the brokerage, what its credentials are and information about a license. Therefore we recommend that you avoid Yllglobal and research regulated brokers that are trustworthy. Look for a license, information online about the broker, reliable reviews and credentials that will help you make the right decision. 

                Here Are Some Yllglobal Red Flags:

                • No transparency
                • No contact information
                • Not regulated
                • Bad reviews

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

                We do not recommend opening an account with Yllglobal. 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 Prime Trade247

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                  Should You Trade with Prime Trade247? 

                  Prime Trade247 seems to be a typical broker, but it offers cloud mining, which is a trendy way people try to make money. In addition, this broker has forex, options, cryptocurrency trading, and copy trading. It says it offers MetaTrader 4, which is a popular trading platform. However, Prime Trade247 does not seem to be regulated and offers no information about itself. 

                  We Have Found Some Problems with PrimeTrade247

                  It may be easy for many visitors to the site to be dazzled by the selection of trading products and types, including copy trading and cloud mining. However, without a real license, it is unlikely that it will provide returns or that it is at all reliable. Without this information, it is impossible to know whether to trust PrimeTrade247 and it seems better to stay away. There are many regulated brokers that are a better choice than Prime Trade247.

                  Here Are Some Prime Trade247 Red Flags:

                  • No transparency
                  • No contact information
                  • Not regulated
                  • Bad reviews

                  What Should You Do If You Have an Account with Prime Trade247?

                  We do not recommend opening an account with PrimeTrade247. 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 Zoro Global Limited

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                    Should You Trade with Zoro Global Limited? 

                    Zoro Global Limited may sound like a swashbuckling name, but it has been flagged by agencies and provides little information about itself. It provides no contact information, no terms, and conditions, no bios about the people in the company or their credentials or history of the company. A lack of transparency is not a minor problem. A reliable and regulated broker disclosed the location and identity of the people who run it. 

                    We Have Found Some Problems with Zoro Global Limited

                    There is no reason to trade with Zoro Global Limited if they provide no information about themselves. There are plenty of regulated brokers with a strong reputation and brokers that have credentials. It is better to trade with one of these brokers than to take a chance with a broker or any financial service that does not have a license or basic contact information. 

                    Here Are Some Zoro Global Limited Red Flags:

                    • No transparency
                    • No contact information
                    • Not regulated
                    • Bad reviews

                    What Should You Do If You Have an Account with Zoro Global Limited?

                    We do not recommend opening an account with Zoro Global 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. 

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