Day: July 6, 2022

Want to Trade with InfinityEx.cc? Read This First!

InfinityEx.cc is like so many other unregulated brokers–there is no information about it. They presumably want it this way, since they have no license and don’t seem to have positive reviews–either in the press or from a large number of customers. What positive reviews we find we aren’t convinced are genuine. Lack of a license and transparency are signs of possible scams. We couldn’t find any reason to allay our suspicions. 

Is InfinityEx.cc a Scam or Legitimate? 

If you want to know what’s wrong with brokers like InfinityEx.cc, we suggest you do an experiment. Visit the website of a regulated broker with a solid reputation. What do you see? Licensing information, independent reviews, media mentions, clearly stated terms and description, names of people who run it and their credentials. All of this information can be verified independently on the regulator’s site. Now look at InfinityEx.cc. You can see the difference.  

We Found Problems with InfinityEx.cc: 

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

What You Should Do If You Have an Account with InfinityEx.cc

If you currently hold an account with InfinityEx.cc 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 EminiFX? Read This First!

It’s often hard to find out very much about unlicensed brokers. They don’t volunteer information about themselves and rarely make the headlines. However, in the case of EminiFX, we know quite a bit. This unlicensed broker was the subject of an investigative article in The Washington Post. EminiFX is a Ponzi scheme. This means it offered no trading, but simply funneled money through accounts, leaving investors empty-handed. The case was so severe that EminiFX was given a cease and desist order and is facing further prosecution. 

Is EminiFX a Scam or Legitimate? 

It is clear that EminiFX is a scam and was never intended as a legitimate trading service. How can you stay safe from scams like EminiFX? The first thing you can do is to look for a license. Most of the high profile financial scams aren’t licensed. We research these brokers very carefully to find which are reliable and which are not. 

We Found Problems with EminiFX: 

• No license
• Confirmed Ponzi scheme
• Negative press 
• No transparency 
• Bad reviews

What You Should Do If You Have an Account with EminiFX

If you currently hold an account with EminiFX 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 Stablegains? Read This First!

Stablegains sounds like a reassuring name. However, with the drop in cryptocurrencies, including stablecoin, it pays not to necessarily trust something just because it has the word “stable” in the name. There is a notice on the Stablegains website that it is discontinuing service. This may be temporary or it may be longer term. It isn’t possible to know this right now or the reason for their cessation of service. 

Is Stablegains a Scam or Legitimate? 

Brokers who discontinue service often do so because they have been caught by an authority and have been ordered to cease or desist. Another reason for an interruption of service is if they are insolvent. Even if Stablegains bounces back, it’s important to know the reason why they weren’t in operation for a period of time. Given the transparency in their service, they leave a lot of unanswered questions. 

We Found Problems with Stablegains: 

• No license
• Suspected clone broker
• Flagged by FCA and FINRA. 
• No contact information
• No transparency 
• Bad reviews

What You Should Do If You Have an Account with Stablegains

If you currently hold an account with Stablegains, 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 MetaTradeFirm? Read This First!

You may know this broker by its other name HSFXTrade. Why would a broker have more than one name? That’s what anyone would wonder. Of course, it doesn’t seem very convenient for branding to have more than one name. With this unregulated broker, it seems they are using more than one name to hide. Although MetaTradeFirm has no license they make huge promises. This is usually a sign of an untrustworthy broker. 

Is MetaTradeFirm a Scam or Legitimate? 

MetaTradeFirm has no evidence of a license of any kind and yet they claim their clients will receive a return of between 20% to 100% depending on how much clients deposit. Also, it’s noteworthy that the minimum deposit for MetaTradeFirm is $1,000, which is much higher than for legitimate brokers. We find many red flags with this broker and wouldn’t recommend opening an account with them. 

We Found Problems with MetaTradeFirm: 

• No license. 
• No contact information
• No transparency 
• False guarantees
• Bad reviews

What You Should Do If You Have an Account with MetaTradeFirm

If you currently hold an account with MetaTradeFirm, 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 Xasic.io? Read This First!

Xasic.io says that it offers crypto mining. This is a hot area that a lot of people want to get involved in. In addition, it claims it can deliver a 99% return. Don’t trust any financial service that tries to guarantee specific levels of return. They usually can’t back up these statements with evidence. In addition, Xasic.io has been flagged as a Ponzi scheme, so it’s likely that they don’t offer any trading or any crypto mining at all. 

Is Xasic.io a Scam or Legitimate? 

A Ponzi scheme doesn’t offer any service at all, but instead it funds withdrawals through deposits from clients. This means money is constantly being funneled in and out of the account until it doesn’t feel like providing any withdrawals at all and freezes customers out so it can make off with all of the money. 

We Found Problems with Xasic.io: 

• No license. 
• No contact information
• Suspected ponzi scheme
• No transparency 
• False guarantees
• Bad reviews

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

If you currently hold an account with Xasic.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 Uniswap? Read This First!

As soon as you visit Uniswap’s website, you are urged to “Swap, Earn and Build” your cryptocurrency holdings. The website looks professional and they seem to know what they are talking about. You may have seen recommendations from people who call themselves crypto experts. Uniswap seems like a typical decentralized crypto trading protocol.

However, there is also reason to wonder if people really know what they are getting into when they  sign up for services like UniSwap. “Decentralized” more often than not means unregulated. We often take regulations for granted, even as many criticize them for getting in the way. If something happens to your bank account, you’ll still get your money back. Why? Because regular banks are expected to have deposit insurance. 

The same isn’t true of unregulated crypto exchanges. We have seen stories lately of many of these exchanges, like Celsius, freezing client funds because of “crypto market instability.” Others have proven to be insolvent, which is bad news for clients who trusted the brave new world of unregulated digital assets. 

Is Uniswap a Scam or Legitimate? 

So are UniSwap and other decentralized crypto exchanges scams? The problem with the word “scam” is that, from the outset, it implies bad intentions. Crypto services may be well intentioned, but they are subject to the volatility and uncertainty of a new industry. Since this new industry isn’t regulated and there aren’t safeguards in place, there is no guarantee that they will give your funds back if something goes wrong. 

There are some regulated crypto trading services and exchanges. We recommend that you stick to these and avoid any that don’t have proper oversight. 

What You Should Do If You Have Lost Money on the UniSwap Exchange? 

If your money is frozen on this exchange, 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 Skyshell Trading? Read This First!

Skyshell Trading may want to consider changing their name to “pie in the sky” trading. That’s because they try to promise clients they will make loads of money with nothing to back up these claims. In addition, they practice a rather unpleasant bait and switch tactic that can be a rude awakening to clients dreaming of profits from trading. There is little wonder this broker has been flagged as suspicious by the FCA. 

Is Skyshell Trading a Scam or Legitimate? 

The bait and switch trick is one of the most pernicious, but it demonstrates Skyshell Trading’s tactics to a T. They seem to offer free trading, but if you read the fine print, you would be prepared for the real situation–that after a week you will be charged a 30% “tax’ on all of your earnings prior to withdrawal (if you manage to withdraw your funds). It’s safe to say few of Skyshell Trading’s clients saw this coming, because the policy is ridiculous. 

We Found Problems with Skyshell Trading: 

• No license. 
• No contact information
• Bait and switch tactics
• FCA warning
• No transparency 
• False guarantees
• Bad reviews

What You Should Do If You Have an Account with Skyshell Trading

If you currently hold an account with Skyshell Trading, 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 PCloudFXTrading? Read This First!

PCloudFXTrading seems to want to impress people with its many keywords creating the impression that it offers hot, new types of trading with “cloud” and “FX” in its name. However, it doesn’t take the time to edit its website which has glaring errors, such as saying it offers bitcoin “minning.” Even though not everyone should be expected to win a spelling bee to be considered reliable, there are other problems with PCloudFXTrading. 

Is PCloudFXTrading a Scam or Legitimate? 

Not only is PCloudFXTrading not licensed–it seems to think this is something to boast of. They declare their “service is not directe in any jurisdiction.” This is a roundabout and awkward way of saying they have no license. Instead of trying to disguise this fact, they seem to regard it as a sign of being open-minded. It also makes incredible claims, such as 60% returns to people who deposit $10,000 or more. 

We Found Problems with PCloudFXTrading: 

• No license. 
• No contact information
• Poor website content
• No transparency 
• False guarantees
• Bad reviews

What You Should Do If You Have an Account with PCloudFXTrading

If you currently hold an account with PCloudFXTrading, 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 AstroFX? Read This First!

AstroFX may be trying to fool you. That’s because it is a suspected clone broker whose name is suspiciously close to AstroFX Trading. It’s like the guy downtown who’s selling knockoff Gucci handbags–they may have a similar logo, but they aren’t the real thing. Unfortunately, the phenomenon of brokers with knockoff names or clone brokers is quite common. It’s for this and other reasons that AstroFX has been flagged by the FCA and the financial authorities of Belize as a suspected fraud. 

Is AstroFX a Scam or Legitimate? 

There are reasons to be suspicious of AstroFX. First of all, as we mentioned, it’s a clone broker. Second, it has no license of its own. Instead, it’s trying to make money and win customers based on another broker’s credentials. Third, it has no transparency–we could find nothing about AstroFX, including information about who runs it and where it’s really located. 

We Found Problems with AstroFX: 

• No license. 
• No contact information
• Flagged by FCA and Belize authorities
• No transparency 
• Bad reviews

What You Should Do If You Have an Account with AstroFX

If you currently hold an account with AstroFX 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!

Is Crypto Broker A Good Broker or a Scam?

Crypto Broker sounds like a generic enough name. We couldn’t find any more information about this broker than the name. No address. No names of people behind it. Most importantly, no license. This is what we see often when we investigate brokers that have received many complaints. They don’t want to provide information about themselves for a good reason–they have something to hide. 

We Have Some Concerns with Crypto Broker

If you visit the website of a regulated broker, you’ll notice licensing information, contact information, names and credentials of brokers. In addition, you may see independent reviews, press about the broker. You’ll visit the regulator’s site and get validation of the broker’s license. In short, you’ll find information whereas on Crypto Broker’s website you see none of this. Just empty promises, hype and no hard facts. 

Crypto Broker Red Flags

• No license
• False guarantees
• No transparency
• Negative reviews

Lost Money to Crypto Broker? Talk to Us!

CryptoCoinTrace experts understand brokers–reliable ones and scam operations. We have researched brokers and have created these reviews to help consumers make the right choice for trading. We recommend that you avoid Crypto Broker and instead find a reliable and licensed broker. If you have lost money to this broker, contact us and we will launch an investigation that will bolster your claim.