Day: November 16, 2022

Is Digital CoupFx a Legitimate or a Scam Broker?

Digital CoupFX is a broker that has been flagged by major financial regulators–CONSOB of Italy and the FCA of the UK. They listed a number of problems with this broker. First, it’s not showing any proof of licensing. It probably isn’t regulated at all. The FCA has also raised some other red flags about Digital CoupFx. We aren’t surprised that the FCA and CONSOB are suspicious of this broker. 

We Have Found Problems with Digital CoupFx

In addition to not showing any proof of licensing, Digital CoupFX is misleading customers and is engaging in questionable practices. Also, it’s not clear who is running this operation. Any legitimate broker should be willing to disclose information and credentials. Instead, they don’t mention who runs this organization at all. 

These Classic Red Flags Indicate Digital CoupFx May Be a Broker Scam

• No license
• No transparency
• Misleading claims
• Flagged by FCA and CONSOB
• Negative reviews

What You Should Do If You Have an Account with Digital CoupFx

 If you currently hold an account with Digital CoupFx, 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 VisionFxpro a Legitimate or a Scam Broker?

Like many of the other broker scams we come across, VisionFxpro is a suspected clone scam. This means that this broker has adopted a name and a logo similar to a regulated broker. The idea is to convince people that they are trading with a broker that has a strong reputation, when in fact, they are just trying to pull the wool over customers’ eyes. 

We Have Found Problems with VisionFxpro

The FCA has flagged VisionFxpro as a suspected scam. Its reasons are numerous. First, VisionFxpro has no license, engages in questionable practices, seems to be misleading customers, and offers services that transgress regulations. With all of these concerns raised about VisionFxpro, it isn’t worth taking a risk with this broker. Instead, we recommend that you research licensed brokers rather than signing up with an unregulated broker. 

These Classic Red Flags Indicate VisionFxpro May Be a Broker Scam

• No license
• No transparency
• Misleading claims
• Flagged by FCA, 
• Negative reviews

What You Should Do If You Have an Account with VisionFxpro

 If you currently hold an account with VisionFxpro, 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 Finex Global Markets a Legitimate or a Scam Broker?

When we visited Finex Global Markets’ website, we were impressed by the content and the design. However, this doesn’t mean that it’s a reliable broker. Although many scam brokers have shoddy websites and grammatically incorrect content, flashy sites can be hiding fraud as well. According to the FCA, Finex Global Markets is a suspected scam. It has no license and is engaged in questionable and misleading practices. 

We Have Found Problems with Finex Global Markets

The FCA has also flagged Finex Global Markets because of questions about the people who run it. Unlike many other sites of suspected scam brokers, the visitor is greeted with actual names and photographs of people. In addition, there are numbers and several ways to contact Finex Global Markets. This is unusual for a dodgy broker, but underneath the surface, the FCA has found reasons to be suspicious. 

These Classic Red Flags Indicate Finex Global Markets May Be a Broker Scam

• No license
• No transparency
• Misleading claims
• Flagged by FCA, 
• Negative reviews

What You Should Do If You Have an Account with Finex Global Markets

 If you currently hold an account with Finex Global Markets, 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 Global Crypto Express a Legitimate or a Scam Broker?

Global Crypto Express is a typical suspected scam broker. It has been flagged by the FCA as a questionable broker that has no license. Looking at the website we found additional signals that this isn’t a legitimate broker. The site didn’t seem to know what it was emphasizing. The main text indicated that Global Crypto Express was a forex broker but the other text indicates it is mainly a crypto mining investment firm. If the broker has this much of an identity crisis, we can’t imagine it is profitable or honest. 

We Have Found Problems with Global Crypto Express

We also noticed that the broker claimed to serve client in 99% of countries. It’s impossible for a broker to get enough licenses to make this claim. This is proof it is an unregulated broker. In addition, the broker guarantees a 100% ROI, which is impossible and its terms and conditions section has no terms and conditions. The FCA is right to warn the public about Global Crypto Express. 

These Classic Red Flags Indicate Global Crypto Express May Be a Broker Scam

• No license
• No transparency
• Misleading claims
• Flagged by FCA, 
• Negative reviews

What You Should Do If You Have an Account with Global Crypto Express

If you currently hold an account with Global Crypto Express, 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 Equity Assets Innovation a Legitimate or a Scam Broker?

Equity Assets Innovation is yet another suspected crypto scam broker that has been flagged by the FCA or the Financial Conduct Authority in the UK. It checks every box regarding suspicious activities. The FCA warns that there are questions about its licensing, practices, people who run it, and the services it provides. This is a pretty thorough indictment of Equity Assets Innovation and indicates that it is probably fraudulent. 

We Have Found Problems with Equity Assets Innovation

Equity Assets Innovation didn’t reveal any information about who is behind the firm. Every legitimate broker should indicate the names and the credentials of the people who run it, but not Equity Assets Innovation. Instead, they hide behind ambiguous statements and false promises of returns. We wouldn’t take a chance with Equity Assets Innovation. Instead, we recommend you find a licensed broker that will give you real trading opportunities. 

These Classic Red Flags Indicate Equity Assets Innovation May Be a Broker Scam

• No license
• No transparency
• Misleading claims
• Flagged by FCA, 
• Negative reviews

What You Should Do If You Have an Account with Equity Assets Innovation

If you currently hold an account with Equity Assets Innovation, 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 Alpha Forex a Legitimate or a Scam Broker?

Alpha Forex is a broker that is highly problematic. It reveals almost not information about who runs it. What we do see doesn’t seem to be reliable information. It has also been flagged by the FCA, the Financial Conduct Authority of the United Kingdom. The FCA says that Alpha Forex is a suspected clone broker. This happens when a scam broker adopts a name, a website, and content that is remarkably similar to a regulated broker. The idea is to fool customers into signing up for a phony financial service. 

We Have Found Problems with Alpha Forex

Everything we’ve seen backs up the alarm raised by the FCA. This broker shows no evidence of a license. It claims to offer broker services but doesn’t show any names or credentials of people behind the brokerage. Instead, we recommend that you research regulated brokers and find the one whose services are right for you. 

These Classic Red Flags Indicate Alpha Forex May Be a Broker Scam

• No license
• No transparency
• Misleading claims
• Flagged by FCA, 
• Negative reviews

What You Should Do If You Have an Account with Alpha Forex

 If you currently hold an account with Alpha Forex, 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 The Levy & Partners Law Office or a Scam?

Levy & Partners Law Office is a suspected scam according to the FCA. One of the main reasons is that the FCA believes it may be a clone scam–which means that it’s masquerading as a legitimate business. Instead, it uses a similar name and website design to a licensed entity and tries to attract its customers. We have seen numerous verified complaints about Levy & Partners Law Office, and they show a pattern of not returning money to their clients 

We Have Found Problems with Levy & Partners Law Office 

Not only has the FCA, the main regulator in the UK, warned the public about Levy & Partners Law Office, but the Better Business Bureau has also released alerts and complaints about this firm. They claim to help clients with creditors and other financial problems, but in the end, they accept deposits and cut off communication with their would-be clients. 

These Classic Red Flags Indicate Levy & Partners Law Office May Be a Scam

• No license
• No transparency
• Misleading claims
• Flagged by FCA  and BBB
• Negative reviews

What You Should Do If You Have an Account with Levy & Partners Law Office 

 If you currently hold an account with Levy & Partners Law Office, 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 The Financial Centre a Legitimate or a Scam Broker?

The Financial Centre has a decent website, but that isn’t enough to make it legitimate. It has been flagged by the FCA or the Financial Conduct Authority of the UK. The Financial Centre has been called out by the FCA for many reasons–a lack of a license, misleading information and suspicious practices. It doesn’t provide any names or credentials of the people who run it. The Financial Centre is highly suspicious. 

We Have Found Problems with The Financial Centre

After some digging, we discovered that The Financial Centre is located in St. Vincent and the Grenadines–an area that is notorious as a haven for unlicensed brokers. Also, its minimum deposit is unusually high and it also has high leverage which puts its customers at risk. There is a scam involving bonuses that makes it clear it isn’t regulated, since these practices aren’t allowed. Customers are offered bonuses, and yet they aren’t allowed to make withdrawals at all without a certain amount of trading. Clearly this broker just wants to take customers’ money. 

These Classic Red Flags Indicate The Financial Centre May Be a Broker Scam

• No license
• No transparency
• Misleading claims
• Flagged by FCA 
• Negative reviews

What You Should Do If You Have an Account with The Financial Centre

 If you currently hold an account with The Financial Centre, 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 Altima Trade a Legitimate or a Scam Broker?

Altima Trade makes many promises that may seem impressive, but on closer inspection, it has all of the hallmarks of a scam. The suspected scam has been flagged by Spanish authorities–the CNMV and the FCA of the UK. The FCA has noted that it is most likely a clone scam–which means it is trying to imitate a legitimate, licensed broker to try to convince customers to open an account. 

We Have Found Problems with Altima Trade

We have found multiple problems, in addition to these warnings, just looking closely at this site. It has no license and is registered only in St. Vincent and the Grenadines–a favorite location for scam brokers that want to avoid oversight. Its parent company is called Shenanigans Consulting Ltd–it’s hardly even trying to disguise the fact it’s a scam. In addition, it doesn’t allow withdrawals unless the customer has made a certain number of trades. Also, it uses software that allows the fake broker to view the screens of its customers–most likely they want to rob these people of data and their money. 

These Classic Red Flags Indicate Altima Trade May Be a Broker Scam

• No license
• No transparency
• Misleading claims
• Flagged by FCA and CNMV
• Negative reviews

What You Should Do If You Have an Account with Altima Trade

 If you currently hold an account with Altima Trade, 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 BI.IN Trade Markets a Legitimate or a Scam Broker?

BI.IN Trade Markets has been flagged by multiple regulators–FCA of the UK and the FSMA in Belgium. There are numerous problems with brokers. Right from the outset, if you see that a broker has been flagged by financial regulators, you shouldn’t take the chance. There wasn’t just one problem with BI.IN Trade Markets, but several, all of which are cause for concern. 

We Have Found Problems with BI.IN Trade Markets

First, BI.IN Trade Markets has no license. There is no reason to trust a broker that does not have licensing. A Broker that isn’t regulated provides customers with no oversight or protection in case something goes wrong. Also, BI.IN Trade Markets has been called out for suspicious activities and misleading statements. There are questions about who runs this brokerage and the platforms they use. 

These Classic Red Flags Indicate BI.IN Trade Markets May Be a Broker Scam

• No license
• No transparency
• Misleading claims
• Flagged by FCA and FSMA
• Negative reviews

What You Should Do If You Have an Account with BI.IN Trade Markets

 If you currently hold an account with BI.IN Trade Markets, 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!