Day: February 8, 2022

Want to Trade with Globalcryptoex? Read This First!

Globalcryptoex is a broker that provides very little information about itself. We know very little about licensing or who is behind this brokerage. It offers the kind of services that we usually see from brokers, but one red flag is the guaranteed returns. The levels are highly exaggerated, such as 20% after 24 hours and 40% after 48 hours, and so on. 

What is the problem with guaranteed returns? Plenty. Volatile assets such as cryptocurrency and forex fluctuate wildly. Therefore, any so-called guarantees for returns from a broker are bound to be insincere. Any broker who would attempt to give such promises should not be trusted. 

Is Globalcryptoex a Scam or Legitimate? 

Globalcryptoex offers very little information about itself–no licensing, no identities behind the site or terms and conditions. It is never a good idea to trade with a broker that has no license or transparency. No legitimate broker would be so mysterious about their identity and services. Instead, they would demonstrate why they should be trusted.

We Found Problems with Globalcryptoex: 

• No license
• Guaranteed returns
• No transparency
• No contact information
• Bad reviews

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

If you do not receive a withdrawal from Globalcryptoex, contact CryptoCoinTrace experts. We consult with clients, advise them on claims and have the tools and methods to track down your funds. The sooner talk to us, the greater the chances of a successful claim!

Want to Trade with CoinMarketSolutions? Read This First!

CoinMarketSolutions looks like a legitimate broker, but is there more to the story? We receive alerts about brokers that have had complaints or other reported issues and CoinMarketSolutions is on the list. However, it seems to have a real EU license and warns customers about the risks of trading. So what is the problem with CoinMarketSolutions? We were curious, and we looked further. 

Is CoinMarketSolutions a Scam or Legitimate? 

It should be noted that, although most fraudulent brokers have no license or have a third rate license, sometimes even licensed brokers can become less reliable over time. This can be due to new management or by brokers playing by the rules at first and then trying to get away with dodgy practices. We could find no proof of problems with CoinMarketSolutions, but it is important not to be complacent about licensed brokers. 

We Found Problems with CoinMarketSolutions: 

Even though CoinMarketSolutions seemed to check out and we could not prove illegal practices, we came across many negative reviews. Even though not all reviews are authentic, this is important to pay attention to. Therefore, if you are going to trade with CoinMarketSolutions, use caution. 

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

If you do not receive a withdrawal from CoinMarketSolutions, contact CryptoCoinTrace experts. We consult with clients, advise them on claims and have the tools and methods to track down your funds. The sooner talk to us, the greater the chances of a successful claim!

Want to Trade with Hugo’ s Way? Read This First!

Hugo’s Way is an example of a broker that looks terrific up front but still should be avoided. It offers a wide range of trading products, the MetaTrader 4 platform and can give visitors a feeling of security by emphasizing that it segregates funds and offers risk management. However, when looking closer at licensing information, we found that Hugo’s Way has a license from St. Vincent and the Grenadines. This is a low-tier license that is not real regulation. 

Is Hugo’ s Way a Scam or Legitimate? 

So does it matter that Hugo’s Way doesn’t have a terrific license? Yes, because regulation is the most important factor when choosing a broker. Any one can create a beautiful website or claim that they offer risk management or segregated funds. St. Vincent and the Grenadines provides licenses to almost any broker and does not follow through with inspections or customer service. 

We Found Problems with Hugo’ s Way: 

• Third rate license
• No transparency
• No contact information
• Negative reviews

What You Should Do If You Have an Account with Hugo’ s Way? 

If you hold an account with Hugo’s Way we urge you to close it and demand a withdrawal of your funds right away. If you do not receive your money, contact CryptoCoinTrace experts. We consult with clients, advise them on claims and have the tools and methods to track down your funds. The sooner talk to us, the greater the chances of a successful claim!

Want to Trade with NordFX? Read This First!

NordFX is a legitimate-looking site with positive reviews that we suspect may have been created by NordFX themselves. However, when we looked for the license, we noticed that it is licensed by Vanuatu Financial Service. This is a third-rate license and is hardly worth considering a license at all since Vanuatu does not perform inspections or deal with customer questions and complaints. Therefore, we would stay away from NordFX. 

Is NordFX a Scam or Legitimate? 

NordFX is a lesson on not becoming too influenced by appearances. Its site is attractive, it has positive reviews (we found many of these fishy and didn’t think they were authentic). However, there were negative reviews, we saw very little information about the broker and it has a poor license. Do not choose a broker that does not have a reliable license, since a third-rate license is not worth trusting. 

We Found Problems with NordFX: 

• Third rate license
• No transparency
• No contact information
• Suspected fake positive reviews
• Negative reviews

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

If you hold an account with NordFX we urge you to close it and demand a withdrawal of your funds right away. If you do not receive your money, contact CryptoCoinTrace experts. We consult with clients, advise them on claims and have the tools and methods to track down your funds. The sooner talk to us, the greater the chances of a successful claim!

Want to Trade with Binary44? Read This First!

Binary44 claims they are a “group of qualified experts” that offer trading of stocks, bonds, futures, commodities, silver, oil and other assets. One thing we noticed initially is the website is filled with fluffy content. This may not seem like such a serious problem, but can sound quite unprofessional and can be a tip-off that the people running the site are trying to hard to seem legit. The main problem with Binary44 is that it isn’t regulated, and even though it says it is l located in the UK, it has no license from the FCA. 

Is Binary44 a Scam or Legitimate? 

Any financial service in the United Kingdom must have a license from the FCA and Binary44 does not fit this description. The site has plenty of reviews, but no information on licensing or transparency about who runs Binary44. Therefore, we would not recommend trading with Binary44.

We Found Problems with Binary44: 

• Not licensed
• No transparency
• No contact information
• Fluffy and unprofessional web content
• Negative reviews

What You Should Do If You Have an Account with Binary44? 

If you hold an account with Binary44 we urge you to close it and demand a withdrawal of your funds right away. If you do not receive your money, contact CryptoCoinTrace experts. We consult with clients, advise them on claims and have the tools and methods to track down your funds. The sooner talk to us, the greater the chances of a successful claim!

Want to Trade with Global Investors Choice? Read This First!

Global Investors Choice seems to offer similar products and services as many other brokers, but they do not back up their claims nor do they provide any information about who runs the brokerage, what their credentials are and whether or not they have a license. This lack of transparency is a red flag no matter what kind of perks they may offer people who sign up. Chances are, they will not honor these guarantees. 

Is Global Investors Choice a Scam or Legitimate? 

Global Investors Choice does not provide any information about who runs it or licensing. When these questions re not answered, it is not worthwhile taking the risk of opening an account. A lack of transparency is a classic sign of a fraud. Any legitimate broker will provide thorough information about who they are and their services. 

We Found Problems with Global Investors Choice: 

• Not licensed
• No transparency
• No contact information
• Negative reviews

What You Should Do If You Have an Account with Global Investors Choice? 

If you hold an account with Global Investors Choice we urge you to close it and demand a withdrawal of your funds right away. If you do not receive your money, contact CryptoCoinTrace experts. We consult with clients, advise them on claims and have the tools and methods to track down your funds. The sooner talk to us, the greater the chances of a successful claim! 

Want to Trade with CBOEX? Read This First!

CBOEX may seem, at first glance, perfectly legitimate, and one form of it is. CBOEX is the intermediate Bond Fund of America. It is official, licensed, and safe. However, CBOEX trading desk has warned the public of fake versions of CBOEX offered by scammers who are trying to convince traders it is the real thing. So how can traders tell the difference between the real CBOEX and the fake version? 

Is CBOEX a Scam or Legitimate? 

The CBOEX scam is what is known as a clone fraud, which are common and and occur when a fake broker clones the name and the site from the real version and tries to mislead customers into thinking they are the real thing. The prevalence of these imposters means that taking time and doing the research before opening an account is essential. Sometimes the names will be identical but the website address will be different, for instance, the scam version operates as Cboex.vip. 

We Found Problems with CBOEX: 

• Clone trading scam
• Misleading text
• Official warning
• Negative reviews

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

If you hold an account with CBOEX we urge you to close it and demand a withdrawal of your funds right away. If you do not receive your money, contact CryptoCoinTrace experts. We consult with clients, advise them on claims and have the tools and methods to track down your funds. The sooner talk to us, the greater the chances of a successful claim!

Want to Trade with GalaxyTradings? Read This First!

GalaxyTradings says it offers a variety of trading choices, but its website doesn’t give information about who runs GalaxyTradings or whether or not it is licensed. The website seems like a generic copy of other broker sites, and it is fairly easy to cut and paste design and content. There are many claims that are not substantiated, but the main takeaway is that the visitor does not know who they are dealing with. 

Is GalaxyTradings a Scam or Legitimate? 

It is important always to know who you are doing business with, particularly with trading or any other financial services. There is no transparency about GalaxyTradings –who they are, what their credentials are, if they are regulated, what the terms and conditions are. With so many unanswered questions, it is simply not worth taking the risk trading with GalaxyTradings, no matter what they are offering. 

We Found Problems with GalaxyTradings: 

• Not regulated
• No names listed
• Unimpressive web content
• Negative reviews

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

If you hold an account with GalaxyTradings we urge you to close it and demand a withdrawal of your funds right away. If you do not receive your money, contact CryptoCoinTrace experts. We consult with clients, advise them on claims and have the tools and methods to track down your funds. The sooner talk to us, the greater the chances of a successful claim!

Want to Trade with ADXNBIT? Read This First!

ADXNBIT seems like a real broker, although its website copy is a bit ordinary with cliches like “powerful trading performance, seamless trading experience.” ADXNBIT tries to persuade the visitor it offers low spreads and commissions and 9,000 trading products, which sounds inflated. ADXNBIT urges visitors to download an app immediately, but it is important to always to be careful before downloading anything, especially from an unknown source. 

Is ADXNBIT a Scam or Legitimate? 

ADXNBIT may make some claims that could convince some traders, but they do not reveal the crucial information that everyone needs to know when researching brokers–who they are and whether they are regulated. Without this information, we recommend not trading with ADXNBIT. Always research brokers and know who you are trading with. Also, check if licenses are real and up to date. ADXNBIT does not provide any information about licensing at all, so it is safer to stay away. 

We Found Problems with ADXNBIT: 

• Not regulated
• No names listed
• Unimpressive web content
• Negative reviews

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

If you hold an account with ADXNBIT we urge you to close it and demand a withdrawal of your funds right away. If you do not receive your money, contact CryptoCoinTrace experts. We consult with clients, advise them on claims and have the tools and methods to track down your funds. The sooner talk to us, the greater the chances of a successful claim!