Day: May 16, 2022

Want to Trade with SanderFX? Read This First!

SanderFX wants everyone to believe it is licensed. It claims to have licenses from the FCA and CySec. Less impressive are its claims of licenses from St. Vincent and the Grenadines and St. Lucia. However, not only is it misleading the public about its claims of top-notch licenses, but it isn’t even regulated by the third-rate brokers St. Vincent and the Grenadines and St. Lucia. In addition, the organization that supposedly runs SanderFX is fake. 

Is SanderFX a Scam or Legitimate? 

You have to wonder about a broker that makes so many misleading statements. It claims it has 10 million traders, which is a nearly impossible amount, especially for a broker no one has really heard of. It says it is run by Gembell Limited, which doesn’t exist. We have trouble finding a single statement SanderFX that we are certain is true. We would not recommend that anyone entrust their money with this broker. 

We Found Problems with SanderFX: 

• No license
• No transparency
• False claims of licensing
• Fake organization runs it
• Many misleading statements
• Bad reviews

What You Should Do If You Have an Account with SanderFX

If you currently hold an account with SanderFX, close it and demand an immediate withdrawal of all of your funds. If you do not receive a withdrawal from this broker contact CryptoCoinTrace experts. We consult with clients, advise them on claims and have the tools and methods to track down your funds. The sooner you talk to us, the greater the chances of a successful claim!

Want to Trade with FXCryptoIndex? Read This First!

FXCryptoIndex may seem like a broker that offers reliable trading services, but that is only if you aren’t paying attention. It is important to analyze brokers carefully before opening an account. In our investigation, there doesn’t seem to be a reason to trust this broker. They don’t have a license, they provide no information or transparency. A broker should give us more reasons to trust them than this. 

Is FXCryptoIndex a Scam or Legitimate? 

FXCryptoIndex doesn’t have a license. Why is that important? Because a license means a regulator is keeping tabs on the broker. A regulator can revoke a license and can investigate complaints. If a broker has no license, there is no oversight. Also, FXCryptoIndex doesn’t provide transparency. We don’t know who is behind it or their credentials. That is not a good sign. A reliable broker should give us an idea of the people who run the company. Without this, you don’t know who you are trusting your money with. 

We Found Problems with FXCryptoIndex: 

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

What You Should Do If You Have an Account with FXCryptoIndex

If you currently hold an account with FXCryptoIndex, close it and demand an immediate withdrawal of all of your funds. If you do not receive a withdrawal from this broker contact CryptoCoinTrace experts. We consult with clients, advise them on claims and have the tools and methods to track down your funds. The sooner you talk to us, the greater the chances of a successful claim!

Want to Trade with Sova Capital Limited? Read This First!

Sova Capital Limited is an example of a broker that we come across that didn’t start as a fraud. However, that doesn’t mean you should trade with Sova Capital Limited. Why? The FCA has flagged this broker as insolvent. It is now under Special Administration, which means that the broker has lost certain privileges because of its financial situation. Sounds like more trouble than it’s worth? It is. 

Is Sova Capital Limited a Scam or Legitimate? 

Sova Capital Limited didn’t necessarily do anything dodgy. We don’t have any additional information on why it became insolvent. Someday, this broker may emerge from its difficult situation and become a reliable broker once again. However, don’t trade with Sova Capital Limited until the FCA has determined that it can manage money again. 

We Found Problems with Sova Capital Limited: 

Sova Capital Limited’s financial problems should cause you to cross it off your list. This should demonstrate the importance of looking beyond a license and ensuring even regulated brokers are in a stable financial position. 

What You Should Do If You Have an Account with Sova Capital Limited

If you currently hold an account with Sova Capital Limited, close it and demand an immediate withdrawal of all of your funds. If you do not receive a withdrawal from this broker 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 LoanTech.top? Read This First!

We have found out quite a bit of information about LoanTech.top but nothing that justifies opening an account with this broker. First, it is flagged by the FCA as unlicensed. Any broker trading on behalf of UK clients or that claims to be based in the UK must have an FCA license, and LoanTech.top doesn’t. 

Is LoanTech.top a Scam or Legitimate? 

LoanTech.top promises returns of 3% daily. The problem is that it is untrue. No broker can guarantee returns, especially with risky assets. This broker also provides a fake address. It has been flagged as a Ponzi scheme and an MLM. Both of these basically mean that no real trading goes on. They simply filter money in and out of their account and get clients to encourage others to sign up. Why? So they can give money to this operation. Stay away. 

We Found Problems with LoanTech.top: 

• No contact information
• FCA warning–suspected clone broker
• No license
• No transparency 
• Bad reviews

What You Should Do If You Have an Account with LoanTech.top

If you currently hold an account with LoanTech.top, close it and demand an immediate withdrawal of all of your funds. If you do not receive a withdrawal from this broker 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 Capital-Brokers? Read This First!

Capital-Brokers may look like the kind of broker you want to trade with, but look past the promises and hype and see what regulators are saying about it. The FCA has warned the public against Capital-Brokers and suspect that it is a clone scam. This means that it has adopted a name similar to an FCA-regulated broker and it is trying to convince people that they are one and the same. 

Is Capital-Brokers a Scam or Legitimate? 

The FCA-regulated broker Capital-Brokers is trying to imitate is Capital Trust Financial Management. This is a top-tier firm, but it is nothing like Capital-Brokers, which provides no transparency, no insight into who runs the brokerage and no contact information. Don’t trade with any broker that is unregulated or has been the subject of a warning by a top regulator like the FCA. 

We Found Problems with Capital-Brokers: 

• No contact information
• FCA warning–suspected clone broker
• No license
• No transparency 
• Bad reviews

What You Should Do If You Have an Account with Capital-Brokers

If you currently hold an account with Capital-Brokers, close it and demand an immediate withdrawal of all of your funds. If you do not receive a withdrawal from this broker 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 FTrade? Read This First!

FTrade seems like a regular broker with a license and may seem to have a good reputation. However, this may be true if you’ve confused it with an FCA-regulated broker. The FCA has identified FTrade as a suspected clone scam. This means it takes on a name similar to a legitimate broker and tries to deceive prospective traders into believing they are one and the same. This is an underhanded trick and is a reason to avoid FTrade. 

Is FTrade a Scam or Legitimate? 

Another problem with FTrade is its license. You may notice it claims to have a license, which seems like a positive. However, its license is from the Marshall Islands. Now the Marshall Islands may be a nice place to visit, but you wouldn’t want to trade there. This third-rate regulator provides no oversight and gives out licenses to those with no broker credentials. Stay away from FTrade. 

We Found Problems with FTrade: 

• No contact information
• FCA warning–suspected clone broker
• Third rate license
• No transparency 
• Bad reviews

What You Should Do If You Have an Account with FTrade

If you currently hold an account with FTrade, close it and demand an immediate withdrawal of all of your funds. If you do not receive a withdrawal from this broker 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 Scam Consulting SCC? Read This First!

If you are seeking help, the worst thing that can happen is to have a trusted resource turn out to be a fraud. The FCA has flagged this organization as possibly fake and unregistered. The fact that Scam Consulting SCC has no license and a warning from the FCA are the first two strikes against it. 

Is Scam Consulting SCC a Scam or Legitimate? 

In addition to these problems, Scam Consulting SCC makes bold claims on its site, but offers little information to support them. Upon investigation, we suspect its testimonials are fake. We couldn’t find information about the people who run this company or anything that would provide any validation, including independent reviews. We therefore urge against seeking the services of Scam Consulting SCC, because they seem to be just another fake operation that is out to take your money. 

We Found Problems with Scam Consulting SCC: 

• No license
• No contact information
• FCA warning
• No transparency 
• Bad reviews

What You Should Do If You Have an Account with Scam Consulting SCC

If you currently hold an account with Scam Consulting SCC, close it and demand an immediate withdrawal of all of your funds. If you do not receive a withdrawal from this broker 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 CapFM.io? Read This First!

CapFM.io may seem like a legitimate broker that offers a variety of assets to trade. However, it is merely a clone of a reliable broker that is licensed by the FCA. When a top-tier regulator warns against a broker, it is important to pay attention. We looked further and found out that CapFM.io has no license and has been flagged because of many complaints from customers. 

Is CapFM.io a Scam or Legitimate? 

If you have this many red flags about a broker, don’t take the chance. It never ends well. It is enough to avoid CapFM.io because it has no proof of licensing. Added to this, it appears that CapFM.io is adopting a name similar to a regulated broker. The purpose is to lead consumers to believe that they are trading with a regulated broker, when in fact CapFM.io has no credentials at all. 

We Found Problems with CapFM.io: 

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

What You Should Do If You Have an Account with CapFM.io

 If you currently hold an account with CapFM.io close it and demand an immediate withdrawal of all of your funds. If you do not receive a withdrawal from this broker 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 RelyCoin? Read This First!

Before opening an account with your broker, you should ask yourself, “Who would you trust with your money?” Obviously, you wouldn’t hand a stranger your wallet and expect them to be there when you get back. However, opening an account with a broker that provides no transparency including contact information is akin to handing a wallet to a stranger. RelyCoin gives us no information, and added to that, the copy on its website is incomprehensible. 

Is RelyCoin a Scam or Legitimate? 

RelyCoin’s web copy is ridiculous, with phrases like  “Season of welfare activities” and “high monthly salary rewards.” We have no idea what they are trying to say with the first phrase, and regarding the second, they are apparently dealing with non-professional traders, so what do they mean with salary? If they are suggesting people give up their day jobs for trading that is enough of a reason to avoid this broker. 

We Found Problems with RelyCoin: 

• No license
• No contact information
• Bad web content
• No transparency 
• Bad reviews

What You Should Do If You Have an Account with RelyCoin

If you currently hold an account with RelyCoin close it and demand an immediate withdrawal of all of your funds. If you do not receive a withdrawal from this broker 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 CryptoInvestigo? Read This First!

CryptoInvestigo is a broker that seems to present itself as legitimate, but the fact is that we couldn’t find any reason to trust it. This broker is unregulated and has no license. In addition, it has no transparency and doesn’t offer information about who runs it. There are no media mentions or independent reviews. We also couldn’t find terms and conditions. With so little information, we see only red flags. As we look further, the picture doesn’t look any clearer. 

Is CryptoInvestigo a Scam or Legitimate? 

Any legitimate broker would demonstrate that it has a license. A reliable broker will have independent reviews from solid news sources. A broker that has a long track record of success will want to provide as much information as they can to validate their claims and attract customers. Therefore, brokers likeCryptoInvestigo don’t have any transparency because they apparently have something to hide. 

We Found Problems with CryptoInvestigo: 

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

What You Should Do If You Have an Account with CryptoInvestigo

If you currently hold an account with CryptoInvestigo close it and demand an immediate withdrawal of all of your funds. If you do not receive a withdrawal from this broker 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!