Day: February 16, 2022

Want to Trade with Zhong Huang? Read This First!

There is nothing wrong with a broker advertising and trying to attract new clients. However, spamming people with aggressive tactics and unrealistic promises is not a sign of reliable services. Any broker that seems desperate should be avoided. Stick with brokers that are licensed and reliable enough not to be too hungry for new people to give them money. 

Is Zhong Huang a Scam or Legitimate? 

Zhong Huang contacts people on Whatsapp and at first, pretends that they reached them by mistake. This seems like a pathetic attempt to avoid the accusation of scamming. While apologizing for the error, they  happen to pivot to pushing a trading scheme and guarantees people that they will receive huge returns for their investment. People have also reported that once they open an account, they never see their funds again. This is not surprising, because Zhong Huang is not a regulated broker. 

We Found Problems with Zhong Huang:

• Not regulated
• Negative reviews
• No transparency. 
• No contact information
• False claims
• Aggressive spamming 

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

You should close your account with Zhong Huang immediately and demand a withdrawal. If you do not receive a withdrawal, 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 SICH Capital? Read This First!

Visitors are told that SICH Capital  is run by “a team of experienced managers from the trading industry.” This may seem merely like stating the obvious, but this kind of fluff on a website can be a red flag for a fake broker.  It is hard to imagine that any regulated broker would post such poorly written content. In addition, there are other red flags about SICH Capital that are concerning. 

Is SICH Capital a Scam or Legitimate? 

Although SICH Capital  claims to be in an English-speaking country–Australia–there are many typos and awkward phrases in the website content. Much more concerning is the fact that it has no license from ASIC, which all Australian financial companies need to be considered legal and legitimate. This is a serous breach of financial ethics and no one should consider opening an account with an unlicensed broker with false claims, like SICH Capital. 

We Found Problems with SICH Capital:

• Not regulated
• Negative reviews
• No transparency. 
• No contact information
• False claims
• Poor website content

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

You should close your account with SICH Capital immediately and demand a withdrawal. If you do not receive a withdrawal, 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 FuturesTrade.io? Read This First!

If a broker promises you can make a return on your investment of 3% per day, do not believe them. It may be tempting to take a chance and to see what you can get from that kind of deal, but brokers that overpromise not only underdeliver but don’t deliver at all. FuturesTrade.io has been accused of being a Ponzi scheme, and according to our research, these claims are a believable, or at least, they can’t be refuted. FuturesTrade.io provides very little information about itself. 

Is FuturesTrade.io a Scam or Legitimate? 

FuturesTrade.io does not have a license and no contact information. Although this broker does not name people in charge of the company, in our research, we discovered that the people who are behind FuturesTrade.io have been implicated in various types of fraud. These are sufficient reasons to avoid FuturesTrade.io. We recommend that you look for a regulated broker rather than this broker. 

We Found Problems with FuturesTrade.io: 

• Not regulated
• Negative reviews
• No transparency. 
• No contact information
• Found to be run by suspicious people
• Suspected Ponzi scheme

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

You should close your account with FuturesTrade.io immediately and demand a withdrawal. If you do not receive a withdrawal, 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 SwiftFX? Read This First!

SwiftFX is an unregulated broker. It also sells its services in the form of automated trading software. These are two red flags. First of all, it is important to trade only with a regulated broker that has a license. Second, automated trading itself is not necessarily negative, as long as it is through a regulated broker. However, many of the trading scams we come across use fake bots or phony apps that steal data from clients as well as their funds. 

Is SwiftFX a Scam or Legitimate? 

Aside from the automated trading software, SwiftFX does not give much information about itself. We do not have names of people behind this trading service or transparency about credentials or background. There is no contact information and there is no way of knowing how this broker can provide the kind of returns it promises to customers. Therefore, there is no reason to trust SwiftFX, and we would therefore recommend that you look for a regulated broker with a solid reputation. 

We Found Problems with SwiftFX: 

• Not regulated
• Negative reviews
• No transparency. 
• No contact information
• Fake trading software

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

You should close your account with SwiftFX immediately and demand a withdrawal. If you do not receive a withdrawal, 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 WillFX? Read This First!

WillFX’s website is poorly designed and does not appear to be licensed. A regulated broker would invest in a highly functional website, but that isn’t the only problem with WillFX. The lack of a license is concerning because, without a reliable license, the customer will not be protected. Since we could not find clear licensing information, we would not recommend WillFX. 

Is WillFX a Scam or Legitimate? 

Why is a license so important? The main reason is that a regulator gives oversight to brokers. Ideally, they will not issue a license to just anyone who applies for it and pays a fee. A good regulator inspects brokers regularly and deals with customer complaints. In addition, they warn consumers about questionable brokers who falsely claim to have licenses. WillFX does not have a regulator and can give none of these assurances. Therefore, we would instead recommend opening an account with a regulated broker with a strong reputation. 

We Found Problems with WillFX: 

• Not regulated
• Negative reviews
• No transparency. 
• No contact information
• Poorly designed website

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

You should close your account with WillFX immediately and demand a withdrawal. If you do not receive a withdrawal, 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 YllGlobal? Read This First!

We looked into YllGlobal to see if it is a reliable broker. However, we could not find any significant information about this broker, at least not the kind of information anyone would need to evaluate its services. YllGlobal provides no transparency, contact information, or details about its services. We could not see terms and conditions or anything indicating that this is a place where you can trust your money. Therefore, we recommend staying away from YllGlobal. 

Is YllGlobal a Scam or Legitimate? 

Some may question why we would mistrust YllGlobal because of a lack of information rather than proof that it is a scam. However, the burden of proof is on the broker or the platform to demonstrate that customers should trust them. Showing a license is essential as well as telling visitors the names of people involved in the company. Customers should demand transparency before they trade with a broker. Look farther and check a license before committing your funds to a broker for trading. 

We Found Problems with YllGlobal: 

• Not regulated
• Negative reviews
• No transparency. 
• No contact information

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

You should close your account with YllGlobal immediately and demand a withdrawal. If you do not receive a withdrawal, 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 PrimeTrade247? Read This First!

PrimeTrade247 clams to be a trustworthy broker and says it allows trading of 2,500 assets, with a variety of trading styles, including cloud mining, forex, options, crypto, and copy trading. The service claims to “mulitply your income,” which implies that people should rely, at least partly, on trading for their needs. This is not the right way to advise clients–brokers should not be encouraging people to trade with money they can’t afford to lose and should not be implying people can depend on investing for their livelihood. 

Is PrimeTrade247 a Scam or Legitimate? 

PrimeTrade247 says it offers clients MetaTrader 4, which is a popular trading platform. However, it does not give visitors any transparency about who runs PrimeTrade247, including the names of people in charge and their credentials. For these reasons, we would not recommend trading with PrimeTrade247, and would instead suggest choosing a regulated broker with a top license and full transparency. 

We Found Problems with PrimeTrade247: 

• Not regulated
• Negative reviews
• No transparency. 
• No contact information

What You Should Do If You Have an Account with PrimeTrade247? 

You should close your account with PrimeTrade247immediately and demand a withdrawal. If you do not receive a withdrawal, 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 SuperFXTrades? Read This First!

SuperFXTrades wants visitors to believe it is the “best” trading platform, but doesn’t provide enough information to back up these claims. The website is adequate and professional-looking and it offers MetaTrader 4 and 5, which are the most popular trading platforms. SuperFXTrades may seem like a reliable broker, but there is one detail that should raise questions about their services–it has a third-rate license. 

Is SuperFXTrades a Scam or Legitimate? 

The first thing to look for when you trade with a broker is whether or not it has a license. SuperFXTrades checks out on this point. However, its license is not first-rate, and but is from Seychelles. Regulators like Seychelles provide no oversight and give a license in return for a fee. The regulator is not concerned with inspections or dealing with customer complaints. Therefore, we would recommend looking for a broker with a top-tier license. 

It is important to do research thoroughly on not only brokers but also on the regulators that issue licenses. 

We Found Problems with SuperFXTrades: 

• Third-rate regulator
• Impossible guarantees
• Negative reviews
• No transparency. 

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

You should close your account with SuperFXTrades immediately and demand a withdrawal. If you do not receive a withdrawal from SuperFXTrades 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!