Scam_brokers2022

MGM Markets Review – Report a Scam

by

MGM Markets Review – Report a Scam

People are getting excited about cryptocurrency. However, where there is excitement, there is often danger. Unfortunately, the number of fraudulent crypto brokers is greater than regulated and legitimate financial services. Because of the increase in online trading and deals on social media, crypto scams have found more ways to reach people who want to make fast money and are new to cryptocurrencies.

Unfortunately, many of these brokers use these opportunities as a way to trick people out of their crypto coins. After investigating these suspected crypto scams carefully, we are adding MGM Markets to the blacklist. 

We don’t like accusing brokers of being fraudulent or jumping to false conclusions. However, after reading countless reviews, looking at regulators’ sites, perusing their alerts, keeping up with news about fraudulent crypto brokers, and using our proprietary investigation methods, we have concluded that consumers should stay away with MGM Markets because it seems to be a crypto scam.

We urge people who hold an account with MGM Markets to close it and to demand an immediate withdrawal of all of their funds. However, brokers who are involved in fraud will not release funds and will make excuses or charge huge fees for the right. If this happens, report to ChargeBax right away and we will guide you on your next steps. 

Chargebax understands how to deal with fake brokers and cryptocurrency schemes. We have the expertise and the right strategies to make your chargeback, wire recall, or crypto recovery case successful. We consult with clients and develop strategies to bolster your claim and help you recover your funds. Talk to our professionals today. 

How Crypto Frauds Work

MGM Markets may seem like any other broker. It may have a nice website or active social media page, have a friendly approach, claim to have a valid license, and gives you an offer you don’t feel you can refuse–perhaps 1% return a day on bitcoin trades. You do the math and realize that soon you will be seeing triple-digit returns. 

So what can you lose? All of your money. Not all crypto scams are blatant. They may seem professional and legitimate at first. However, they have a way of pulling people in, holding their money hostage, and persuading them to keep investing more. Sooner or later, customers do not want to believe that brokers like MGM Markets are cheating them because they have invested so much of their money already that want the bad dream to be over. 

However, with fraudulent brokers, the only end to the bad dream is successful fund recovery, because they do not return money to their victims willingly. That can only start by ending the denial, closing the account, and if that doesn’t work, enlisting the aid of fund recovery professionals like Crypto Trace. 

Why We Think MGM Markets Is Probably a Crypto Scam

We make it our business to investigate crypto brokers and to determine whether or not they are legitimate. Sure, you could just consult customer review sites, but there is no way of verifying if these reviews are created by actual customers. 

Often these reviews are generated by those associated with shady schemes to bolster their reputation. Other reviews may be a smear campaign against competitors. This isn’t to say that customer reviews should be ignored–they certainly should be taken into account–but they should not be a sole source of information about brokers.

We have done a deep dive into information from regulators, details about the site have applied our tested method, and have determined that MGM Markets is a suspected crypto broker. 

MGM Markets has been called out for at least several of the following reasons: 

No License or Offshore License

Having a license is like a driver’s license. You would not step into a car of a taxi driver that does not have a driver’s license. Similarly, you should not sign up with a broker that does not have a license. 

However, not any license will do. The license must be up-to-date and genuine. Plenty of brokers falsely claim to have a license and may even present a thoroughly counterfeit image. This is why it is important to verify all licenses on regulators’ websites. 

Third-rate or offshore licenses may seem satisfactory to some consumers, but they are not worth the virtual paper they are written on. These fake regulators grant licenses in exchange for fees and do not perform any inspections or deal with customers’ complaints. 

MGM Markets has been called out for not having adequate licensing. Any of the above scenarios may be the case with MGM Markets. The bottom line is that this broker does not have an adequate license.

Negative Reputation

MGM Markets has been flagged for having a negative reputation. This is not just due to negative customer reviews, but includes notifications from regulators and MGM Markets may have had been the subject of poor press coverage. You can find a broker that is reliable and do not need to work with a broker that has a shadow over it. 

False Guarantees

MGM Markets, like many other crypto schemes, promises returns that can’t be guaranteed. This creates not only disappointment but is an ethical problem for any broker. Risky assets like crypto or forex can’t be predicted and can rise and fall quickly. There is no way any broker can guarantee clients will achieve a certain level of return. 

Non-Compliance

MGM Markets may not have complied with regulations. This is serious and can involve legal problems. This usually means that the broker is implementing practices that are contrary to regulations or signing up customers in regions they do not have a license to operate. 

Official Warnings

Getting the attention of regulators isn’t easy. The fact that MGM Markets may have been singled out for a warning from regulatory bodies sends a powerful message to stay away. 

Red Flags for MGM Markets: 

Here are some major problems that may characterize MGM Markets:

  • No license or low quality licensing
  • No transparency
  • High fees, spreads, and commissions
  • Aggressive manner
  • Does not grant withdrawals
  • Stops communicating

If MGM Markets shows any of these characteristics, demand a withdrawal of all of your funds immediately. If this is not granted, contact ChargeBax right away.

Talk to ChargeBax About Tracking Down Your Funds

If you have lost money to a crypto fraud, you can retrieve your funds with the help of fund recovery assistance. Chargebax experts deal with numerous fund recovery cases and have helped our clients retrieve funds from crypto scams, forex scams, and disputes. We create intelligence reports, negotiate with banks and provide a plan of action that will help you get your funds back.

    * Required fields

     

    TBFX Review – Report a Scam

    by

    TBFX Review – Report a Scam

    People are getting excited about cryptocurrency. However, where there is excitement, there is often danger. Unfortunately, the number of fraudulent crypto brokers is greater than regulated and legitimate financial services. Because of the increase in online trading and deals on social media, crypto scams have found more ways to reach people who want to make fast money and are new to cryptocurrencies.

    Unfortunately, many of these brokers use these opportunities as a way to trick people out of their crypto coins. After investigating these suspected crypto scams carefully, we are adding TBFX to the blacklist. 

    We don’t like accusing brokers of being fraudulent or jumping to false conclusions. However, after reading countless reviews, looking at regulators’ sites, perusing their alerts, keeping up with news about fraudulent crypto brokers, and using our proprietary investigation methods, we have concluded that consumers should stay away with TBFX because it seems to be a crypto scam.

    We urge people who hold an account with TBFX to close it and to demand an immediate withdrawal of all of their funds. However, brokers who are involved in fraud will not release funds and will make excuses or charge huge fees for the right. If this happens, report to ChargeBax right away and we will guide you on your next steps. 

    Chargebax understands how to deal with fake brokers and cryptocurrency schemes. We have the expertise and the right strategies to make your chargeback, wire recall, or crypto recovery case successful. We consult with clients and develop strategies to bolster your claim and help you recover your funds. Talk to our professionals today. 

    How Crypto Frauds Work

    TBFX may seem like any other broker. It may have a nice website or active social media page, have a friendly approach, claim to have a valid license, and gives you an offer you don’t feel you can refuse–perhaps 1% return a day on bitcoin trades. You do the math and realize that soon you will be seeing triple-digit returns. 

    So what can you lose? All of your money. Not all crypto scams are blatant. They may seem professional and legitimate at first. However, they have a way of pulling people in, holding their money hostage, and persuading them to keep investing more. Sooner or later, customers do not want to believe that brokers like TBFX are cheating them because they have invested so much of their money already that want the bad dream to be over. 

    However, with fraudulent brokers, the only end to the bad dream is successful fund recovery, because they do not return money to their victims willingly. That can only start by ending the denial, closing the account, and if that doesn’t work, enlisting the aid of fund recovery professionals like Crypto Trace. 

    Why We Think TBFX Is Probably a Crypto Scam

    We make it our business to investigate crypto brokers and to determine whether or not they are legitimate. Sure, you could just consult customer review sites, but there is no way of verifying if these reviews are created by actual customers. 

    Often these reviews are generated by those associated with shady schemes to bolster their reputation. Other reviews may be a smear campaign against competitors. This isn’t to say that customer reviews should be ignored–they certainly should be taken into account–but they should not be a sole source of information about brokers.

    We have done a deep dive into information from regulators, details about the site have applied our tested method, and have determined that TBFX is a suspected crypto broker. 

    TBFX has been called out for at least several of the following reasons: 

    No License or Offshore License

    Having a license is like a driver’s license. You would not step into a car of a taxi driver that does not have a driver’s license. Similarly, you should not sign up with a broker that does not have a license. 

    However, not any license will do. The license must be up-to-date and genuine. Plenty of brokers falsely claim to have a license and may even present a thoroughly counterfeit image. This is why it is important to verify all licenses on regulators’ websites. 

    Third-rate or offshore licenses may seem satisfactory to some consumers, but they are not worth the virtual paper they are written on. These fake regulators grant licenses in exchange for fees and do not perform any inspections or deal with customers’ complaints. 

    TBFX has been called out for not having adequate licensing. Any of the above scenarios may be the case with TBFX. The bottom line is that this broker does not have an adequate license.

    Negative Reputation

    TBFX has been flagged for having a negative reputation. This is not just due to negative customer reviews, but includes notifications from regulators and TBFX may have had been the subject of poor press coverage. You can find a broker that is reliable and do not need to work with a broker that has a shadow over it. 

    False Guarantees

    TBFX, like many other crypto schemes, promises returns that can’t be guaranteed. This creates not only disappointment but is an ethical problem for any broker. Risky assets like crypto or forex can’t be predicted and can rise and fall quickly. There is no way any broker can guarantee clients will achieve a certain level of return. 

    Non-Compliance

    TBFX may not have complied with regulations. This is serious and can involve legal problems. This usually means that the broker is implementing practices that are contrary to regulations or signing up customers in regions they do not have a license to operate. 

    Official Warnings

    Getting the attention of regulators isn’t easy. The fact that TBFX may have been singled out for a warning from regulatory bodies sends a powerful message to stay away. 

    Red Flags for TBFX: 

    Here are some major problems that may characterize TBFX:

    • No license or low quality licensing
    • No transparency
    • High fees, spreads, and commissions
    • Aggressive manner
    • Does not grant withdrawals
    • Stops communicating

    If TBFX shows any of these characteristics, demand a withdrawal of all of your funds immediately. If this is not granted, contact ChargeBax right away.

    Talk to ChargeBax About Tracking Down Your Funds

    If you have lost money to a crypto fraud, you can retrieve your funds with the help of fund recovery assistance. Chargebax experts deal with numerous fund recovery cases and have helped our clients retrieve funds from crypto scams, forex scams, and disputes. We create intelligence reports, negotiate with banks and provide a plan of action that will help you get your funds back.

      * Required fields

       

      JustForex Review – Report a Scam

      by

      JustForex Review – Report a Scam

      People are getting excited about cryptocurrency. However, where there is excitement, there is often danger. Unfortunately, the number of fraudulent crypto brokers is greater than regulated and legitimate financial services. Because of the increase in online trading and deals on social media, crypto scams have found more ways to reach people who want to make fast money and are new to cryptocurrencies.

      Unfortunately, many of these brokers use these opportunities as a way to trick people out of their crypto coins. After investigating these suspected crypto scams carefully, we are adding JustForex to the blacklist. 

      We don’t like accusing brokers of being fraudulent or jumping to false conclusions. However, after reading countless reviews, looking at regulators’ sites, perusing their alerts, keeping up with news about fraudulent crypto brokers, and using our proprietary investigation methods, we have concluded that consumers should stay away with JustForex because it seems to be a crypto scam.

      We urge people who hold an account with JustForex to close it and to demand an immediate withdrawal of all of their funds. However, brokers who are involved in fraud will not release funds and will make excuses or charge huge fees for the right. If this happens, report to ChargeBax right away and we will guide you on your next steps. 

      Chargebax understands how to deal with fake brokers and cryptocurrency schemes. We have the expertise and the right strategies to make your chargeback, wire recall, or crypto recovery case successful. We consult with clients and develop strategies to bolster your claim and help you recover your funds. Talk to our professionals today. 

      How Crypto Frauds Work

      JustForex may seem like any other broker. It may have a nice website or active social media page, have a friendly approach, claim to have a valid license, and gives you an offer you don’t feel you can refuse–perhaps 1% return a day on bitcoin trades. You do the math and realize that soon you will be seeing triple-digit returns. 

      So what can you lose? All of your money. Not all crypto scams are blatant. They may seem professional and legitimate at first. However, they have a way of pulling people in, holding their money hostage, and persuading them to keep investing more. Sooner or later, customers do not want to believe that brokers like JustForex are cheating them because they have invested so much of their money already that want the bad dream to be over. 

      However, with fraudulent brokers, the only end to the bad dream is successful fund recovery, because they do not return money to their victims willingly. That can only start by ending the denial, closing the account, and if that doesn’t work, enlisting the aid of fund recovery professionals like Crypto Trace. 

      Why We Think JustForex Is Probably a Crypto Scam

      We make it our business to investigate crypto brokers and to determine whether or not they are legitimate. Sure, you could just consult customer review sites, but there is no way of verifying if these reviews are created by actual customers. 

      Often these reviews are generated by those associated with shady schemes to bolster their reputation. Other reviews may be a smear campaign against competitors. This isn’t to say that customer reviews should be ignored–they certainly should be taken into account–but they should not be a sole source of information about brokers.

      We have done a deep dive into information from regulators, details about the site have applied our tested method, and have determined that JustForex is a suspected crypto broker. 

      JustForex has been called out for at least several of the following reasons: 

      No License or Offshore License

      Having a license is like a driver’s license. You would not step into a car of a taxi driver that does not have a driver’s license. Similarly, you should not sign up with a broker that does not have a license. 

      However, not any license will do. The license must be up-to-date and genuine. Plenty of brokers falsely claim to have a license and may even present a thoroughly counterfeit image. This is why it is important to verify all licenses on regulators’ websites. 

      Third-rate or offshore licenses may seem satisfactory to some consumers, but they are not worth the virtual paper they are written on. These fake regulators grant licenses in exchange for fees and do not perform any inspections or deal with customers’ complaints. 

      JustForex has been called out for not having adequate licensing. Any of the above scenarios may be the case with JustForex. The bottom line is that this broker does not have an adequate license.

      Negative Reputation

      JustForex has been flagged for having a negative reputation. This is not just due to negative customer reviews, but includes notifications from regulators and JustForex may have had been the subject of poor press coverage. You can find a broker that is reliable and do not need to work with a broker that has a shadow over it. 

      False Guarantees

      JustForex, like many other crypto schemes, promises returns that can’t be guaranteed. This creates not only disappointment but is an ethical problem for any broker. Risky assets like crypto or forex can’t be predicted and can rise and fall quickly. There is no way any broker can guarantee clients will achieve a certain level of return. 

      Non-Compliance

      JustForex may not have complied with regulations. This is serious and can involve legal problems. This usually means that the broker is implementing practices that are contrary to regulations or signing up customers in regions they do not have a license to operate. 

      Official Warnings

      Getting the attention of regulators isn’t easy. The fact that JustForex may have been singled out for a warning from regulatory bodies sends a powerful message to stay away. 

      Red Flags for JustForex: 

      Here are some major problems that may characterize JustForex:

      • No license or low quality licensing
      • No transparency
      • High fees, spreads, and commissions
      • Aggressive manner
      • Does not grant withdrawals
      • Stops communicating

      If JustForex shows any of these characteristics, demand a withdrawal of all of your funds immediately. If this is not granted, contact ChargeBax right away.

      Talk to ChargeBax About Tracking Down Your Funds

      If you have lost money to a crypto fraud, you can retrieve your funds with the help of fund recovery assistance. Chargebax experts deal with numerous fund recovery cases and have helped our clients retrieve funds from crypto scams, forex scams, and disputes. We create intelligence reports, negotiate with banks and provide a plan of action that will help you get your funds back.

        * Required fields

         

        FX Options24 Review – Report a Scam

        by

        FX Options24 Review – Report a Scam

        People are getting excited about cryptocurrency. However, where there is excitement, there is often danger. Unfortunately, the number of fraudulent crypto brokers is greater than regulated and legitimate financial services. Because of the increase in online trading and deals on social media, crypto scams have found more ways to reach people who want to make fast money and are new to cryptocurrencies.

        Unfortunately, many of these brokers use these opportunities as a way to trick people out of their crypto coins. After investigating these suspected crypto scams carefully, we are adding FX Options24 to the blacklist. 

        We don’t like accusing brokers of being fraudulent or jumping to false conclusions. However, after reading countless reviews, looking at regulators’ sites, perusing their alerts, keeping up with news about fraudulent crypto brokers, and using our proprietary investigation methods, we have concluded that consumers should stay away with FX Options24 because it seems to be a crypto scam.

        We urge people who hold an account with FX Options24 to close it and to demand an immediate withdrawal of all of their funds. However, brokers who are involved in fraud will not release funds and will make excuses or charge huge fees for the right. If this happens, report to ChargeBax right away and we will guide you on your next steps. 

        Chargebax understands how to deal with fake brokers and cryptocurrency schemes. We have the expertise and the right strategies to make your chargeback, wire recall, or crypto recovery case successful. We consult with clients and develop strategies to bolster your claim and help you recover your funds. Talk to our professionals today. 

        How Crypto Frauds Work

        FX Options24 may seem like any other broker. It may have a nice website or active social media page, have a friendly approach, claim to have a valid license, and gives you an offer you don’t feel you can refuse–perhaps 1% return a day on bitcoin trades. You do the math and realize that soon you will be seeing triple-digit returns. 

        So what can you lose? All of your money. Not all crypto scams are blatant. They may seem professional and legitimate at first. However, they have a way of pulling people in, holding their money hostage, and persuading them to keep investing more. Sooner or later, customers do not want to believe that brokers like FX Options24 are cheating them because they have invested so much of their money already that want the bad dream to be over. 

        However, with fraudulent brokers, the only end to the bad dream is successful fund recovery, because they do not return money to their victims willingly. That can only start by ending the denial, closing the account, and if that doesn’t work, enlisting the aid of fund recovery professionals like Crypto Trace. 

        Why We Think FX Options24 Is Probably a Crypto Scam

        We make it our business to investigate crypto brokers and to determine whether or not they are legitimate. Sure, you could just consult customer review sites, but there is no way of verifying if these reviews are created by actual customers. 

        Often these reviews are generated by those associated with shady schemes to bolster their reputation. Other reviews may be a smear campaign against competitors. This isn’t to say that customer reviews should be ignored–they certainly should be taken into account–but they should not be a sole source of information about brokers.

        We have done a deep dive into information from regulators, details about the site have applied our tested method, and have determined that FX Options24 is a suspected crypto broker. 

        FX Options24 has been called out for at least several of the following reasons: 

        No License or Offshore License

        Having a license is like a driver’s license. You would not step into a car of a taxi driver that does not have a driver’s license. Similarly, you should not sign up with a broker that does not have a license. 

        However, not any license will do. The license must be up-to-date and genuine. Plenty of brokers falsely claim to have a license and may even present a thoroughly counterfeit image. This is why it is important to verify all licenses on regulators’ websites. 

        Third-rate or offshore licenses may seem satisfactory to some consumers, but they are not worth the virtual paper they are written on. These fake regulators grant licenses in exchange for fees and do not perform any inspections or deal with customers’ complaints. 

        FX Options24 has been called out for not having adequate licensing. Any of the above scenarios may be the case with FX Options24. The bottom line is that this broker does not have an adequate license.

        Negative Reputation

        FX Options24 has been flagged for having a negative reputation. This is not just due to negative customer reviews, but includes notifications from regulators and FX Options24 may have had been the subject of poor press coverage. You can find a broker that is reliable and do not need to work with a broker that has a shadow over it. 

        False Guarantees

        FX Options24, like many other crypto schemes, promises returns that can’t be guaranteed. This creates not only disappointment but is an ethical problem for any broker. Risky assets like crypto or forex can’t be predicted and can rise and fall quickly. There is no way any broker can guarantee clients will achieve a certain level of return. 

        Non-Compliance

        FX Options24 may not have complied with regulations. This is serious and can involve legal problems. This usually means that the broker is implementing practices that are contrary to regulations or signing up customers in regions they do not have a license to operate. 

        Official Warnings

        Getting the attention of regulators isn’t easy. The fact that FX Options24 may have been singled out for a warning from regulatory bodies sends a powerful message to stay away. 

        Red Flags for FX Options24: 

        Here are some major problems that may characterize FX Options24:

        • No license or low quality licensing
        • No transparency
        • High fees, spreads, and commissions
        • Aggressive manner
        • Does not grant withdrawals
        • Stops communicating

        If FX Options24 shows any of these characteristics, demand a withdrawal of all of your funds immediately. If this is not granted, contact ChargeBax right away.

        Talk to ChargeBax About Tracking Down Your Funds

        If you have lost money to a crypto fraud, you can retrieve your funds with the help of fund recovery assistance. Chargebax experts deal with numerous fund recovery cases and have helped our clients retrieve funds from crypto scams, forex scams, and disputes. We create intelligence reports, negotiate with banks and provide a plan of action that will help you get your funds back.

          * Required fields

           

          Traderia Review – Report a Scam

          by

          Traderia Review – Report a Scam

          People are getting excited about cryptocurrency. However, where there is excitement, there is often danger. Unfortunately, the number of fraudulent crypto brokers is greater than regulated and legitimate financial services. Because of the increase in online trading and deals on social media, crypto scams have found more ways to reach people who want to make fast money and are new to cryptocurrencies.

          Unfortunately, many of these brokers use these opportunities as a way to trick people out of their crypto coins. After investigating these suspected crypto scams carefully, we are adding Traderia to the blacklist. 

          We don’t like accusing brokers of being fraudulent or jumping to false conclusions. However, after reading countless reviews, looking at regulators’ sites, perusing their alerts, keeping up with news about fraudulent crypto brokers, and using our proprietary investigation methods, we have concluded that consumers should stay away with Traderia because it seems to be a crypto scam.

          We urge people who hold an account with Traderia to close it and to demand an immediate withdrawal of all of their funds. However, brokers who are involved in fraud will not release funds and will make excuses or charge huge fees for the right. If this happens, report to ChargeBax right away and we will guide you on your next steps. 

          Chargebax understands how to deal with fake brokers and cryptocurrency schemes. We have the expertise and the right strategies to make your chargeback, wire recall, or crypto recovery case successful. We consult with clients and develop strategies to bolster your claim and help you recover your funds. Talk to our professionals today. 

          How Crypto Frauds Work

          Traderia may seem like any other broker. It may have a nice website or active social media page, have a friendly approach, claim to have a valid license, and gives you an offer you don’t feel you can refuse–perhaps 1% return a day on bitcoin trades. You do the math and realize that soon you will be seeing triple-digit returns. 

          So what can you lose? All of your money. Not all crypto scams are blatant. They may seem professional and legitimate at first. However, they have a way of pulling people in, holding their money hostage, and persuading them to keep investing more. Sooner or later, customers do not want to believe that brokers like Traderia are cheating them because they have invested so much of their money already that want the bad dream to be over. 

          However, with fraudulent brokers, the only end to the bad dream is successful fund recovery, because they do not return money to their victims willingly. That can only start by ending the denial, closing the account, and if that doesn’t work, enlisting the aid of fund recovery professionals like Crypto Trace. 

          Why We Think Traderia Is Probably a Crypto Scam

          We make it our business to investigate crypto brokers and to determine whether or not they are legitimate. Sure, you could just consult customer review sites, but there is no way of verifying if these reviews are created by actual customers. 

          Often these reviews are generated by those associated with shady schemes to bolster their reputation. Other reviews may be a smear campaign against competitors. This isn’t to say that customer reviews should be ignored–they certainly should be taken into account–but they should not be a sole source of information about brokers.

          We have done a deep dive into information from regulators, details about the site have applied our tested method, and have determined that Traderia is a suspected crypto broker. 

          Traderia has been called out for at least several of the following reasons: 

          No License or Offshore License

          Having a license is like a driver’s license. You would not step into a car of a taxi driver that does not have a driver’s license. Similarly, you should not sign up with a broker that does not have a license. 

          However, not any license will do. The license must be up-to-date and genuine. Plenty of brokers falsely claim to have a license and may even present a thoroughly counterfeit image. This is why it is important to verify all licenses on regulators’ websites. 

          Third-rate or offshore licenses may seem satisfactory to some consumers, but they are not worth the virtual paper they are written on. These fake regulators grant licenses in exchange for fees and do not perform any inspections or deal with customers’ complaints. 

          Traderia has been called out for not having adequate licensing. Any of the above scenarios may be the case with Traderia. The bottom line is that this broker does not have an adequate license.

          Negative Reputation

          Traderia has been flagged for having a negative reputation. This is not just due to negative customer reviews, but includes notifications from regulators and Traderia may have had been the subject of poor press coverage. You can find a broker that is reliable and do not need to work with a broker that has a shadow over it. 

          False Guarantees

          Traderia, like many other crypto schemes, promises returns that can’t be guaranteed. This creates not only disappointment but is an ethical problem for any broker. Risky assets like crypto or forex can’t be predicted and can rise and fall quickly. There is no way any broker can guarantee clients will achieve a certain level of return. 

          Non-Compliance

          Traderia may not have complied with regulations. This is serious and can involve legal problems. This usually means that the broker is implementing practices that are contrary to regulations or signing up customers in regions they do not have a license to operate. 

          Official Warnings

          Getting the attention of regulators isn’t easy. The fact that Traderia may have been singled out for a warning from regulatory bodies sends a powerful message to stay away. 

          Red Flags for Traderia: 

          Here are some major problems that may characterize Traderia:

          • No license or low quality licensing
          • No transparency
          • High fees, spreads, and commissions
          • Aggressive manner
          • Does not grant withdrawals
          • Stops communicating

          If Traderia shows any of these characteristics, demand a withdrawal of all of your funds immediately. If this is not granted, contact ChargeBax right away.

          Talk to ChargeBax About Tracking Down Your Funds

          If you have lost money to a crypto fraud, you can retrieve your funds with the help of fund recovery assistance. Chargebax experts deal with numerous fund recovery cases and have helped our clients retrieve funds from crypto scams, forex scams, and disputes. We create intelligence reports, negotiate with banks and provide a plan of action that will help you get your funds back.

            * Required fields

             

            247SmartFx Review – Report a Scam

            by

            247SmartFx Review – Report a Scam

            People are getting excited about cryptocurrency. However, where there is excitement, there is often danger. Unfortunately, the number of fraudulent crypto brokers is greater than regulated and legitimate financial services. Because of the increase in online trading and deals on social media, crypto scams have found more ways to reach people who want to make fast money and are new to cryptocurrencies.

            Unfortunately, many of these brokers use these opportunities as a way to trick people out of their crypto coins. After investigating these suspected crypto scams carefully, we are adding 247SmartFx to the blacklist. 

            We don’t like accusing brokers of being fraudulent or jumping to false conclusions. However, after reading countless reviews, looking at regulators’ sites, perusing their alerts, keeping up with news about fraudulent crypto brokers, and using our proprietary investigation methods, we have concluded that consumers should stay away with 247SmartFx because it seems to be a crypto scam.

            We urge people who hold an account with 247SmartFx to close it and to demand an immediate withdrawal of all of their funds. However, brokers who are involved in fraud will not release funds and will make excuses or charge huge fees for the right. If this happens, report to ChargeBax right away and we will guide you on your next steps. 

            Chargebax understands how to deal with fake brokers and cryptocurrency schemes. We have the expertise and the right strategies to make your chargeback, wire recall, or crypto recovery case successful. We consult with clients and develop strategies to bolster your claim and help you recover your funds. Talk to our professionals today. 

            How Crypto Frauds Work

            247SmartFx may seem like any other broker. It may have a nice website or active social media page, have a friendly approach, claim to have a valid license, and gives you an offer you don’t feel you can refuse–perhaps 1% return a day on bitcoin trades. You do the math and realize that soon you will be seeing triple-digit returns. 

            So what can you lose? All of your money. Not all crypto scams are blatant. They may seem professional and legitimate at first. However, they have a way of pulling people in, holding their money hostage, and persuading them to keep investing more. Sooner or later, customers do not want to believe that brokers like 247SmartFx are cheating them because they have invested so much of their money already that want the bad dream to be over. 

            However, with fraudulent brokers, the only end to the bad dream is successful fund recovery, because they do not return money to their victims willingly. That can only start by ending the denial, closing the account, and if that doesn’t work, enlisting the aid of fund recovery professionals like Crypto Trace. 

            Why We Think 247SmartFx Is Probably a Crypto Scam

            We make it our business to investigate crypto brokers and to determine whether or not they are legitimate. Sure, you could just consult customer review sites, but there is no way of verifying if these reviews are created by actual customers. 

            Often these reviews are generated by those associated with shady schemes to bolster their reputation. Other reviews may be a smear campaign against competitors. This isn’t to say that customer reviews should be ignored–they certainly should be taken into account–but they should not be a sole source of information about brokers.

            We have done a deep dive into information from regulators, details about the site have applied our tested method, and have determined that 247SmartFx is a suspected crypto broker. 

            247SmartFx has been called out for at least several of the following reasons: 

            No License or Offshore License

            Having a license is like a driver’s license. You would not step into a car of a taxi driver that does not have a driver’s license. Similarly, you should not sign up with a broker that does not have a license. 

            However, not any license will do. The license must be up-to-date and genuine. Plenty of brokers falsely claim to have a license and may even present a thoroughly counterfeit image. This is why it is important to verify all licenses on regulators’ websites. 

            Third-rate or offshore licenses may seem satisfactory to some consumers, but they are not worth the virtual paper they are written on. These fake regulators grant licenses in exchange for fees and do not perform any inspections or deal with customers’ complaints. 

            247SmartFx has been called out for not having adequate licensing. Any of the above scenarios may be the case with 247SmartFx. The bottom line is that this broker does not have an adequate license.

            Negative Reputation

            247SmartFx has been flagged for having a negative reputation. This is not just due to negative customer reviews, but includes notifications from regulators and 247SmartFx may have had been the subject of poor press coverage. You can find a broker that is reliable and do not need to work with a broker that has a shadow over it. 

            False Guarantees

            247SmartFx, like many other crypto schemes, promises returns that can’t be guaranteed. This creates not only disappointment but is an ethical problem for any broker. Risky assets like crypto or forex can’t be predicted and can rise and fall quickly. There is no way any broker can guarantee clients will achieve a certain level of return. 

            Non-Compliance

            247SmartFx may not have complied with regulations. This is serious and can involve legal problems. This usually means that the broker is implementing practices that are contrary to regulations or signing up customers in regions they do not have a license to operate. 

            Official Warnings

            Getting the attention of regulators isn’t easy. The fact that 247SmartFx may have been singled out for a warning from regulatory bodies sends a powerful message to stay away. 

            Red Flags for 247SmartFx: 

            Here are some major problems that may characterize 247SmartFx:

            • No license or low quality licensing
            • No transparency
            • High fees, spreads, and commissions
            • Aggressive manner
            • Does not grant withdrawals
            • Stops communicating

            If 247SmartFx shows any of these characteristics, demand a withdrawal of all of your funds immediately. If this is not granted, contact ChargeBax right away.

            Talk to ChargeBax About Tracking Down Your Funds

            If you have lost money to a crypto fraud, you can retrieve your funds with the help of fund recovery assistance. Chargebax experts deal with numerous fund recovery cases and have helped our clients retrieve funds from crypto scams, forex scams, and disputes. We create intelligence reports, negotiate with banks and provide a plan of action that will help you get your funds back.

              * Required fields

               

              RCM FX Review – Report a Scam

              by

              RCM FX Review – Report a Scam

              People are getting excited about cryptocurrency. However, where there is excitement, there is often danger. Unfortunately, the number of fraudulent crypto brokers is greater than regulated and legitimate financial services. Because of the increase in online trading and deals on social media, crypto scams have found more ways to reach people who want to make fast money and are new to cryptocurrencies.

              Unfortunately, many of these brokers use these opportunities as a way to trick people out of their crypto coins. After investigating these suspected crypto scams carefully, we are adding RCM FX to the blacklist. 

              We don’t like accusing brokers of being fraudulent or jumping to false conclusions. However, after reading countless reviews, looking at regulators’ sites, perusing their alerts, keeping up with news about fraudulent crypto brokers, and using our proprietary investigation methods, we have concluded that consumers should stay away with RCM FX because it seems to be a crypto scam.

              We urge people who hold an account with RCM FX to close it and to demand an immediate withdrawal of all of their funds. However, brokers who are involved in fraud will not release funds and will make excuses or charge huge fees for the right. If this happens, report to ChargeBax right away and we will guide you on your next steps. 

              Chargebax understands how to deal with fake brokers and cryptocurrency schemes. We have the expertise and the right strategies to make your chargeback, wire recall, or crypto recovery case successful. We consult with clients and develop strategies to bolster your claim and help you recover your funds. Talk to our professionals today. 

              How Crypto Frauds Work

              RCM FX may seem like any other broker. It may have a nice website or active social media page, have a friendly approach, claim to have a valid license, and gives you an offer you don’t feel you can refuse–perhaps 1% return a day on bitcoin trades. You do the math and realize that soon you will be seeing triple-digit returns. 

              So what can you lose? All of your money. Not all crypto scams are blatant. They may seem professional and legitimate at first. However, they have a way of pulling people in, holding their money hostage, and persuading them to keep investing more. Sooner or later, customers do not want to believe that brokers like RCM FX are cheating them because they have invested so much of their money already that want the bad dream to be over. 

              However, with fraudulent brokers, the only end to the bad dream is successful fund recovery, because they do not return money to their victims willingly. That can only start by ending the denial, closing the account, and if that doesn’t work, enlisting the aid of fund recovery professionals like Crypto Trace. 

              Why We Think RCM FX Is Probably a Crypto Scam

              We make it our business to investigate crypto brokers and to determine whether or not they are legitimate. Sure, you could just consult customer review sites, but there is no way of verifying if these reviews are created by actual customers. 

              Often these reviews are generated by those associated with shady schemes to bolster their reputation. Other reviews may be a smear campaign against competitors. This isn’t to say that customer reviews should be ignored–they certainly should be taken into account–but they should not be a sole source of information about brokers.

              We have done a deep dive into information from regulators, details about the site have applied our tested method, and have determined that RCM FX is a suspected crypto broker. 

              RCM FX has been called out for at least several of the following reasons: 

              No License or Offshore License

              Having a license is like a driver’s license. You would not step into a car of a taxi driver that does not have a driver’s license. Similarly, you should not sign up with a broker that does not have a license. 

              However, not any license will do. The license must be up-to-date and genuine. Plenty of brokers falsely claim to have a license and may even present a thoroughly counterfeit image. This is why it is important to verify all licenses on regulators’ websites. 

              Third-rate or offshore licenses may seem satisfactory to some consumers, but they are not worth the virtual paper they are written on. These fake regulators grant licenses in exchange for fees and do not perform any inspections or deal with customers’ complaints. 

              RCM FX has been called out for not having adequate licensing. Any of the above scenarios may be the case with RCM FX. The bottom line is that this broker does not have an adequate license.

              Negative Reputation

              RCM FX has been flagged for having a negative reputation. This is not just due to negative customer reviews, but includes notifications from regulators and RCM FX may have had been the subject of poor press coverage. You can find a broker that is reliable and do not need to work with a broker that has a shadow over it. 

              False Guarantees

              RCM FX, like many other crypto schemes, promises returns that can’t be guaranteed. This creates not only disappointment but is an ethical problem for any broker. Risky assets like crypto or forex can’t be predicted and can rise and fall quickly. There is no way any broker can guarantee clients will achieve a certain level of return. 

              Non-Compliance

              RCM FX may not have complied with regulations. This is serious and can involve legal problems. This usually means that the broker is implementing practices that are contrary to regulations or signing up customers in regions they do not have a license to operate. 

              Official Warnings

              Getting the attention of regulators isn’t easy. The fact that RCM FX may have been singled out for a warning from regulatory bodies sends a powerful message to stay away. 

              Red Flags for RCM FX: 

              Here are some major problems that may characterize RCM FX:

              • No license or low quality licensing
              • No transparency
              • High fees, spreads, and commissions
              • Aggressive manner
              • Does not grant withdrawals
              • Stops communicating

              If RCM FX shows any of these characteristics, demand a withdrawal of all of your funds immediately. If this is not granted, contact ChargeBax right away.

              Talk to ChargeBax About Tracking Down Your Funds

              If you have lost money to a crypto fraud, you can retrieve your funds with the help of fund recovery assistance. Chargebax experts deal with numerous fund recovery cases and have helped our clients retrieve funds from crypto scams, forex scams, and disputes. We create intelligence reports, negotiate with banks and provide a plan of action that will help you get your funds back.

                * Required fields

                 

                RickGlobal Review – Report a Scam

                by

                RickGlobal Review – Report a Scam

                People are getting excited about cryptocurrency. However, where there is excitement, there is often danger. Unfortunately, the number of fraudulent crypto brokers is greater than regulated and legitimate financial services. Because of the increase in online trading and deals on social media, crypto scams have found more ways to reach people who want to make fast money and are new to cryptocurrencies.

                Unfortunately, many of these brokers use these opportunities as a way to trick people out of their crypto coins. After investigating these suspected crypto scams carefully, we are adding RickGlobal to the blacklist. 

                We don’t like accusing brokers of being fraudulent or jumping to false conclusions. However, after reading countless reviews, looking at regulators’ sites, perusing their alerts, keeping up with news about fraudulent crypto brokers, and using our proprietary investigation methods, we have concluded that consumers should stay away with RickGlobal because it seems to be a crypto scam.

                We urge people who hold an account with RickGlobal to close it and to demand an immediate withdrawal of all of their funds. However, brokers who are involved in fraud will not release funds and will make excuses or charge huge fees for the right. If this happens, report to ChargeBax right away and we will guide you on your next steps. 

                Chargebax understands how to deal with fake brokers and cryptocurrency schemes. We have the expertise and the right strategies to make your chargeback, wire recall, or crypto recovery case successful. We consult with clients and develop strategies to bolster your claim and help you recover your funds. Talk to our professionals today. 

                How Crypto Frauds Work

                RickGlobal may seem like any other broker. It may have a nice website or active social media page, have a friendly approach, claim to have a valid license, and gives you an offer you don’t feel you can refuse–perhaps 1% return a day on bitcoin trades. You do the math and realize that soon you will be seeing triple-digit returns. 

                So what can you lose? All of your money. Not all crypto scams are blatant. They may seem professional and legitimate at first. However, they have a way of pulling people in, holding their money hostage, and persuading them to keep investing more. Sooner or later, customers do not want to believe that brokers like RickGlobal are cheating them because they have invested so much of their money already that want the bad dream to be over. 

                However, with fraudulent brokers, the only end to the bad dream is successful fund recovery, because they do not return money to their victims willingly. That can only start by ending the denial, closing the account, and if that doesn’t work, enlisting the aid of fund recovery professionals like Crypto Trace. 

                Why We Think RickGlobal Is Probably a Crypto Scam

                We make it our business to investigate crypto brokers and to determine whether or not they are legitimate. Sure, you could just consult customer review sites, but there is no way of verifying if these reviews are created by actual customers. 

                Often these reviews are generated by those associated with shady schemes to bolster their reputation. Other reviews may be a smear campaign against competitors. This isn’t to say that customer reviews should be ignored–they certainly should be taken into account–but they should not be a sole source of information about brokers.

                We have done a deep dive into information from regulators, details about the site have applied our tested method, and have determined that RickGlobal is a suspected crypto broker. 

                RickGlobal has been called out for at least several of the following reasons: 

                No License or Offshore License

                Having a license is like a driver’s license. You would not step into a car of a taxi driver that does not have a driver’s license. Similarly, you should not sign up with a broker that does not have a license. 

                However, not any license will do. The license must be up-to-date and genuine. Plenty of brokers falsely claim to have a license and may even present a thoroughly counterfeit image. This is why it is important to verify all licenses on regulators’ websites. 

                Third-rate or offshore licenses may seem satisfactory to some consumers, but they are not worth the virtual paper they are written on. These fake regulators grant licenses in exchange for fees and do not perform any inspections or deal with customers’ complaints. 

                RickGlobal has been called out for not having adequate licensing. Any of the above scenarios may be the case with RickGlobal. The bottom line is that this broker does not have an adequate license.

                Negative Reputation

                RickGlobal has been flagged for having a negative reputation. This is not just due to negative customer reviews, but includes notifications from regulators and RickGlobal may have had been the subject of poor press coverage. You can find a broker that is reliable and do not need to work with a broker that has a shadow over it. 

                False Guarantees

                RickGlobal, like many other crypto schemes, promises returns that can’t be guaranteed. This creates not only disappointment but is an ethical problem for any broker. Risky assets like crypto or forex can’t be predicted and can rise and fall quickly. There is no way any broker can guarantee clients will achieve a certain level of return. 

                Non-Compliance

                RickGlobal may not have complied with regulations. This is serious and can involve legal problems. This usually means that the broker is implementing practices that are contrary to regulations or signing up customers in regions they do not have a license to operate. 

                Official Warnings

                Getting the attention of regulators isn’t easy. The fact that RickGlobal may have been singled out for a warning from regulatory bodies sends a powerful message to stay away. 

                Red Flags for RickGlobal: 

                Here are some major problems that may characterize RickGlobal:

                • No license or low quality licensing
                • No transparency
                • High fees, spreads, and commissions
                • Aggressive manner
                • Does not grant withdrawals
                • Stops communicating

                If RickGlobal shows any of these characteristics, demand a withdrawal of all of your funds immediately. If this is not granted, contact ChargeBax right away.

                Talk to ChargeBax About Tracking Down Your Funds

                If you have lost money to a crypto fraud, you can retrieve your funds with the help of fund recovery assistance. Chargebax experts deal with numerous fund recovery cases and have helped our clients retrieve funds from crypto scams, forex scams, and disputes. We create intelligence reports, negotiate with banks and provide a plan of action that will help you get your funds back.

                  * Required fields

                   

                  EvisionFX Review – Report a Scam

                  by

                  EvisionFX Review – Report a Scam

                  People are getting excited about cryptocurrency. However, where there is excitement, there is often danger. Unfortunately, the number of fraudulent crypto brokers is greater than regulated and legitimate financial services. Because of the increase in online trading and deals on social media, crypto scams have found more ways to reach people who want to make fast money and are new to cryptocurrencies.

                  Unfortunately, many of these brokers use these opportunities as a way to trick people out of their crypto coins. After investigating these suspected crypto scams carefully, we are adding EvisionFX to the blacklist. 

                  We don’t like accusing brokers of being fraudulent or jumping to false conclusions. However, after reading countless reviews, looking at regulators’ sites, perusing their alerts, keeping up with news about fraudulent crypto brokers, and using our proprietary investigation methods, we have concluded that consumers should stay away with EvisionFX because it seems to be a crypto scam.

                  We urge people who hold an account with EvisionFX to close it and to demand an immediate withdrawal of all of their funds. However, brokers who are involved in fraud will not release funds and will make excuses or charge huge fees for the right. If this happens, report to ChargeBax right away and we will guide you on your next steps. 

                  Chargebax understands how to deal with fake brokers and cryptocurrency schemes. We have the expertise and the right strategies to make your chargeback, wire recall, or crypto recovery case successful. We consult with clients and develop strategies to bolster your claim and help you recover your funds. Talk to our professionals today. 

                  How Crypto Frauds Work

                  EvisionFX may seem like any other broker. It may have a nice website or active social media page, have a friendly approach, claim to have a valid license, and gives you an offer you don’t feel you can refuse–perhaps 1% return a day on bitcoin trades. You do the math and realize that soon you will be seeing triple-digit returns. 

                  So what can you lose? All of your money. Not all crypto scams are blatant. They may seem professional and legitimate at first. However, they have a way of pulling people in, holding their money hostage, and persuading them to keep investing more. Sooner or later, customers do not want to believe that brokers like EvisionFX are cheating them because they have invested so much of their money already that want the bad dream to be over. 

                  However, with fraudulent brokers, the only end to the bad dream is successful fund recovery, because they do not return money to their victims willingly. That can only start by ending the denial, closing the account, and if that doesn’t work, enlisting the aid of fund recovery professionals like Crypto Trace. 

                  Why We Think EvisionFX Is Probably a Crypto Scam

                  We make it our business to investigate crypto brokers and to determine whether or not they are legitimate. Sure, you could just consult customer review sites, but there is no way of verifying if these reviews are created by actual customers. 

                  Often these reviews are generated by those associated with shady schemes to bolster their reputation. Other reviews may be a smear campaign against competitors. This isn’t to say that customer reviews should be ignored–they certainly should be taken into account–but they should not be a sole source of information about brokers.

                  We have done a deep dive into information from regulators, details about the site have applied our tested method, and have determined that EvisionFX is a suspected crypto broker. 

                  EvisionFX has been called out for at least several of the following reasons: 

                  No License or Offshore License

                  Having a license is like a driver’s license. You would not step into a car of a taxi driver that does not have a driver’s license. Similarly, you should not sign up with a broker that does not have a license. 

                  However, not any license will do. The license must be up-to-date and genuine. Plenty of brokers falsely claim to have a license and may even present a thoroughly counterfeit image. This is why it is important to verify all licenses on regulators’ websites. 

                  Third-rate or offshore licenses may seem satisfactory to some consumers, but they are not worth the virtual paper they are written on. These fake regulators grant licenses in exchange for fees and do not perform any inspections or deal with customers’ complaints. 

                  EvisionFX has been called out for not having adequate licensing. Any of the above scenarios may be the case with EvisionFX. The bottom line is that this broker does not have an adequate license.

                  Negative Reputation

                  EvisionFX has been flagged for having a negative reputation. This is not just due to negative customer reviews, but includes notifications from regulators and EvisionFX may have had been the subject of poor press coverage. You can find a broker that is reliable and do not need to work with a broker that has a shadow over it. 

                  False Guarantees

                  EvisionFX, like many other crypto schemes, promises returns that can’t be guaranteed. This creates not only disappointment but is an ethical problem for any broker. Risky assets like crypto or forex can’t be predicted and can rise and fall quickly. There is no way any broker can guarantee clients will achieve a certain level of return. 

                  Non-Compliance

                  EvisionFX may not have complied with regulations. This is serious and can involve legal problems. This usually means that the broker is implementing practices that are contrary to regulations or signing up customers in regions they do not have a license to operate. 

                  Official Warnings

                  Getting the attention of regulators isn’t easy. The fact that EvisionFX may have been singled out for a warning from regulatory bodies sends a powerful message to stay away. 

                  Red Flags for EvisionFX: 

                  Here are some major problems that may characterize EvisionFX:

                  • No license or low quality licensing
                  • No transparency
                  • High fees, spreads, and commissions
                  • Aggressive manner
                  • Does not grant withdrawals
                  • Stops communicating

                  If EvisionFX shows any of these characteristics, demand a withdrawal of all of your funds immediately. If this is not granted, contact ChargeBax right away.

                  Talk to ChargeBax About Tracking Down Your Funds

                  If you have lost money to a crypto fraud, you can retrieve your funds with the help of fund recovery assistance. Chargebax experts deal with numerous fund recovery cases and have helped our clients retrieve funds from crypto scams, forex scams, and disputes. We create intelligence reports, negotiate with banks and provide a plan of action that will help you get your funds back.

                    * Required fields

                     

                    EssenceFX Review – Report a Scam

                    by

                    EssenceFX Review – Report a Scam

                    People are getting excited about cryptocurrency. However, where there is excitement, there is often danger. Unfortunately, the number of fraudulent crypto brokers is greater than regulated and legitimate financial services. Because of the increase in online trading and deals on social media, crypto scams have found more ways to reach people who want to make fast money and are new to cryptocurrencies.

                    Unfortunately, many of these brokers use these opportunities as a way to trick people out of their crypto coins. After investigating these suspected crypto scams carefully, we are adding EssenceFX to the blacklist. 

                    We don’t like accusing brokers of being fraudulent or jumping to false conclusions. However, after reading countless reviews, looking at regulators’ sites, perusing their alerts, keeping up with news about fraudulent crypto brokers, and using our proprietary investigation methods, we have concluded that consumers should stay away with EssenceFX because it seems to be a crypto scam.

                    We urge people who hold an account with EssenceFX to close it and to demand an immediate withdrawal of all of their funds. However, brokers who are involved in fraud will not release funds and will make excuses or charge huge fees for the right. If this happens, report to ChargeBax right away and we will guide you on your next steps. 

                    Chargebax understands how to deal with fake brokers and cryptocurrency schemes. We have the expertise and the right strategies to make your chargeback, wire recall, or crypto recovery case successful. We consult with clients and develop strategies to bolster your claim and help you recover your funds. Talk to our professionals today. 

                    How Crypto Frauds Work

                    EssenceFX may seem like any other broker. It may have a nice website or active social media page, have a friendly approach, claim to have a valid license, and gives you an offer you don’t feel you can refuse–perhaps 1% return a day on bitcoin trades. You do the math and realize that soon you will be seeing triple-digit returns. 

                    So what can you lose? All of your money. Not all crypto scams are blatant. They may seem professional and legitimate at first. However, they have a way of pulling people in, holding their money hostage, and persuading them to keep investing more. Sooner or later, customers do not want to believe that brokers like EssenceFX are cheating them because they have invested so much of their money already that want the bad dream to be over. 

                    However, with fraudulent brokers, the only end to the bad dream is successful fund recovery, because they do not return money to their victims willingly. That can only start by ending the denial, closing the account, and if that doesn’t work, enlisting the aid of fund recovery professionals like Crypto Trace. 

                    Why We Think EssenceFX Is Probably a Crypto Scam

                    We make it our business to investigate crypto brokers and to determine whether or not they are legitimate. Sure, you could just consult customer review sites, but there is no way of verifying if these reviews are created by actual customers. 

                    Often these reviews are generated by those associated with shady schemes to bolster their reputation. Other reviews may be a smear campaign against competitors. This isn’t to say that customer reviews should be ignored–they certainly should be taken into account–but they should not be a sole source of information about brokers.

                    We have done a deep dive into information from regulators, details about the site have applied our tested method, and have determined that EssenceFX is a suspected crypto broker. 

                    EssenceFX has been called out for at least several of the following reasons: 

                    No License or Offshore License

                    Having a license is like a driver’s license. You would not step into a car of a taxi driver that does not have a driver’s license. Similarly, you should not sign up with a broker that does not have a license. 

                    However, not any license will do. The license must be up-to-date and genuine. Plenty of brokers falsely claim to have a license and may even present a thoroughly counterfeit image. This is why it is important to verify all licenses on regulators’ websites. 

                    Third-rate or offshore licenses may seem satisfactory to some consumers, but they are not worth the virtual paper they are written on. These fake regulators grant licenses in exchange for fees and do not perform any inspections or deal with customers’ complaints. 

                    EssenceFX has been called out for not having adequate licensing. Any of the above scenarios may be the case with EssenceFX. The bottom line is that this broker does not have an adequate license.

                    Negative Reputation

                    EssenceFX has been flagged for having a negative reputation. This is not just due to negative customer reviews, but includes notifications from regulators and EssenceFX may have had been the subject of poor press coverage. You can find a broker that is reliable and do not need to work with a broker that has a shadow over it. 

                    False Guarantees

                    EssenceFX, like many other crypto schemes, promises returns that can’t be guaranteed. This creates not only disappointment but is an ethical problem for any broker. Risky assets like crypto or forex can’t be predicted and can rise and fall quickly. There is no way any broker can guarantee clients will achieve a certain level of return. 

                    Non-Compliance

                    EssenceFX may not have complied with regulations. This is serious and can involve legal problems. This usually means that the broker is implementing practices that are contrary to regulations or signing up customers in regions they do not have a license to operate. 

                    Official Warnings

                    Getting the attention of regulators isn’t easy. The fact that EssenceFX may have been singled out for a warning from regulatory bodies sends a powerful message to stay away. 

                    Red Flags for EssenceFX: 

                    Here are some major problems that may characterize EssenceFX:

                    • No license or low quality licensing
                    • No transparency
                    • High fees, spreads, and commissions
                    • Aggressive manner
                    • Does not grant withdrawals
                    • Stops communicating

                    If EssenceFX shows any of these characteristics, demand a withdrawal of all of your funds immediately. If this is not granted, contact ChargeBax right away.

                    Talk to ChargeBax About Tracking Down Your Funds

                    If you have lost money to a crypto fraud, you can retrieve your funds with the help of fund recovery assistance. Chargebax experts deal with numerous fund recovery cases and have helped our clients retrieve funds from crypto scams, forex scams, and disputes. We create intelligence reports, negotiate with banks and provide a plan of action that will help you get your funds back.

                      * Required fields